The real reason is that they have limited supply, and people want them. (people may not want bitcoin in the future btw) People always want gold and they want to gather as much as possible in their lifetime. It is the only solid asset which holds its true value through the centuries.
But you are omitting the reason why they want them, gold was and is wanted because gold was the perfect form of money, gold does not corrode, it is durable, and when it is put in the form of coins, then gold is fungible and it is a medium of exchange, bitcoin is wanted because bitcoin is even better than gold at fulfilling the role of money and as long as that is true bitcoin is going to be wanted. 
Topic: The Real Reason to Hold Gold And Bitcoin - page 46. (Read 674532 times)
Holding bitcoin too long can be risky as we cannot have the same level of confidence that we can have by holding gold as gold exist since long time and in long run its price will be surely go higher but the price of bitcoin can even crash in coming years.
Silver is an even better money than gold, arguably. In the 1860s and 70s the British elites got most major economies to use the gold standard alone, and to 'demonetize' silver. (This caused a lot of pain in the US, BTW, but the British got their way.) The reason was that the Bank of England happened to have gold but not silver, and the needs of the global empire (which was British at the time) trumps everything else.
So, over the last 150 years silver has been in the shadow of gold. It might eventually do well, but many lifetimes have passed with silver down and out.
What if something like that happens this time? What if the global elites decide to abandon both gold and silver but promote Bitcoin? (There are good reasons for them to do that, BTW.)
Buying Bitcoin in addition to gold is thus good insurance policy, especially when the price of Bitcoin is still a tiny fraction of gold, for the same proportion of total supply.
I agree, and it is always good to diversify our investment. We should not rely in a single investment because if that investment crashed, there goes all our money. So investing both in gold, silver, and other stocks plus bitcoin is better than just investing in Bitcoin or in gold alone.
Holding bitcoin too long can be risky as we cannot have the same level of confidence that we can have by holding gold as gold exist since long time and in long run its price will be surely go higher but the price of bitcoin can even crash in coming years.
Silver is an even better money than gold, arguably. In the 1860s and 70s the British elites got most major economies to use the gold standard alone, and to 'demonetize' silver. (This caused a lot of pain in the US, BTW, but the British got their way.) The reason was that the Bank of England happened to have gold but not silver, and the needs of the global empire (which was British at the time) trumps everything else.
So, over the last 150 years silver has been in the shadow of gold. It might eventually do well, but many lifetimes have passed with silver down and out.
What if something like that happens this time? What if the global elites decide to abandon both gold and silver but promote Bitcoin? (There are good reasons for them to do that, BTW.)
Buying Bitcoin in addition to gold is thus good insurance policy, especially when the price of Bitcoin is still a tiny fraction of gold, for the same proportion of total supply.
The real reason to hold gold and bitcoin is for the coming future. Future is so important to each people. Saving money is one of the most important thing we do for us to be ready for the future. Investing is also good to increase bitcoin or money.
Bitcoin has limited suppy. One day it will spread out, and that means the price will be close to stable and projecting to have fantastic value in the future. And gold is the investment instrument of every country's mainstays and forward-thinking people since the past.
The real reason to hold gold and bitcoin is for the coming future. Future is so important to each people. Saving money is one of the most important thing we do for us to be ready for the future. Investing is also good to increase bitcoin or money.
The real reason surely is both is mutually beneficial, gold we can use because everyone likes and we can rent to everyone, whereas the bitcoin is the rising profit.
Holding will give us profit depending on how much we can invest, but for now I am more very focus with holding bitcoin because it can give me good value in the future and this year alone gives us an awesome increase of value.
The real reason surely is both is mutually beneficial, gold we can use because everyone likes and we can rent to everyone, whereas the bitcoin is the rising profit.
I think they are both good to invest with and good to hold for a long time,
Both have a good potential to increase in time being.
Agree I think gold and bitcoin is good investment and you can hold for a longtime. Each other have benefits like bitcoin the price is continously to increase and you can earn money in short time or maybe months and year. But bitcoin is risky because the price is dump and pump. While the gold the price is stable and monthly increase the price but little only but if you want to safe investment choose gold. Each other have advanatages and disadvantages.Both have a good potential to increase in time being.
I think they are both good to invest with and good to hold for a long time,
Both have a good potential to increase in time being.
Both have good potential to grow on time being, at the same growth of bitcoin and gold will never be the same. By the year starting invested around $900 into gold. If I have made the same into bitcoin right now itself I have profited the same what I get after years from gold. Both have a good potential to increase in time being.
I think they are both good to invest with and good to hold for a long time,
Both have a good potential to increase in time being.
Agree I think gold and bitcoin is good investment and you can hold for a longtime. Each other have benefits like bitcoin the price is continously to increase and you can earn money in short time or maybe months and year. But bitcoin is risky because the price is dump and pump. While the gold the price is stable and monthly increase the price but little only but if you want to safe investment choose gold. Each other have advanatages and disadvantages.Both have a good potential to increase in time being.
I think they are both good to invest with and good to hold for a long time,
Both have a good potential to increase in time being.
Agree I think gold and bitcoin is good investment and you can hold for a longtime. Each other have benefits like bitcoin the price is continously to increase and you can earn money in short time or maybe months and year. But bitcoin is risky because the price is dump and pump. While the gold the price is stable and monthly increase the price but little only but if you want to safe investment choose gold. Each other have advanatages and disadvantages. Both have a good potential to increase in time being.
gold is rare in your earth but some imaginary thoughts will be like we find a planet made up of gold anyway bitcoin is being found daily by miners and gold Is being mined by at extremely low rate than bitcoin. bitcoin has surpassed gold's price scale and now its at double higher that gold which makes it more harder to buy and a high risk of being crash, as with gold we are not actually being worried about any crash
Both Gold and bitcoin have their own advantages and strength and that is why their price is increasing. But if we compared the value of gold to bitcoin , bitcoins value is rising faster than gold due to the limited supply and the fast increase rate of the number of users. While gold has more supply and that is why the increase in value is not so fast but rather it is stable. But holding both bitcoin and gold is the best investment that we can do today.
gold is rare in your earth but some imaginary thoughts will be like we find a planet made up of gold anyway bitcoin is being found daily by miners and gold Is being mined by at extremely low rate than bitcoin. bitcoin has surpassed gold's price scale and now its at double higher that gold which makes it more harder to buy and a high risk of being crash, as with gold we are not actually being worried about any crash
Both Gold and bitcoin have their own advantages and strength and that is why their price is increasing. But if we compared the value of gold to bitcoin , bitcoins value is rising faster than gold due to the limited supply and the fast increase rate of the number of users. While gold has more supply and that is why the increase in value is not so fast but rather it is stable. But holding both bitcoin and gold is the best investment that we can do today.
I think they are both good to invest with and good to hold for a long time,
Both have a good potential to increase in time being.
Both have a good potential to increase in time being.
gold is rare in your earth but some imaginary thoughts will be like we find a planet made up of gold anyway bitcoin is being found daily by miners and gold Is being mined by at extremely low rate than bitcoin. bitcoin has surpassed gold's price scale and now its at double higher that gold which makes it more harder to buy and a high risk of being crash, as with gold we are not actually being worried about any crash
Both Gold and bitcoin have their own advantages and strength and that is why their price is increasing. But if we compared the value of gold to bitcoin , bitcoins value is rising faster than gold due to the limited supply and the fast increase rate of the number of users. While gold has more supply and that is why the increase in value is not so fast but rather it is stable. But holding both bitcoin and gold is the best investment that we can do today.
gold is rare in your earth but some imaginary thoughts will be like we find a planet made up of gold anyway bitcoin is being found daily by miners and gold Is being mined by at extremely low rate than bitcoin. bitcoin has surpassed gold's price scale and now its at double higher that gold which makes it more harder to buy and a high risk of being crash, as with gold we are not actually being worried about any crash
Both Gold and bitcoin have their own advantages and strength and that is why their price is increasing. But if we compared the value of gold to bitcoin , bitcoins value is rising faster than gold due to the limited supply and the fast increase rate of the number of users. While gold has more supply and that is why the increase in value is not so fast but rather it is stable. But holding both bitcoin and gold is the best investment that we can do today.
At this time Bitcoin is not being used as a currency. People aren't buying goods with it. They are either hoarding it or using a portion to invest in alts. If anyone is using Bitcoin to buy goods it's a small percentage. Gold will always be a better long term investment as it is not as Volatile and Gold is a limited resource.
no i think in present time people are already using bitcoin for buying goods, both from online and offline shops, specially in modern areas, where people have more facilities of using internet and computer. i think now even in backward countries, people have the facilities of using computer and internet, therefore bitcoin is becoming more popular in all over the world, as i think even in Afghanistan people have all kind of facilities there as i personally visited there for so many times. There are actually countries that has shops accepting bitcoin as a mode of payment in exchange for goods and services. Let us take for example Japan who had made a declaration last April 1 that they will accept bitcoin as a mode of payment. Also let us take into consideration Switzerland who are also accepting bitcoin and thus the number of bitcoin users in those countries are increasing.
Wow thats good to hear. i havent heard that news but it is a great news to us, it is great news to bitcoin and you are right it would be increase the population of bitcoin, lets hope that most of the country will accept/adopt bitcoin in their country so that we will get a ton of benefits like now the price of bitcoin is really high
At this time Bitcoin is not being used as a currency. People aren't buying goods with it. They are either hoarding it or using a portion to invest in alts. If anyone is using Bitcoin to buy goods it's a small percentage. Gold will always be a better long term investment as it is not as Volatile and Gold is a limited resource.
no i think in present time people are already using bitcoin for buying goods, both from online and offline shops, specially in modern areas, where people have more facilities of using internet and computer. i think now even in backward countries, people have the facilities of using computer and internet, therefore bitcoin is becoming more popular in all over the world, as i think even in Afghanistan people have all kind of facilities there as i personally visited there for so many times. There are actually countries that has shops accepting bitcoin as a mode of payment in exchange for goods and services. Let us take for example Japan who had made a declaration last April 1 that they will accept bitcoin as a mode of payment. Also let us take into consideration Switzerland who are also accepting bitcoin and thus the number of bitcoin users in those countries are increasing.
I cannot understand why OP and some people here are assuming that there is only one, real reason why you should hold both gold and bitcoins.
I think that there are many different ones, and the answers are only dependant on the people you ask this question.
It is because that bitcoin may be used for hundreds of purposes, you may go at long-term on it to have some opportunity in saving and multiplying the funds at the same time, or you can buy a lot of gold: to be safe if there will be some kind of a war, or international conflict.
Both of these assets are very good, I think that gold is recommended for securing yourself in danger, and bitcoin can make your future more bright.
I think that there are many different ones, and the answers are only dependant on the people you ask this question.
It is because that bitcoin may be used for hundreds of purposes, you may go at long-term on it to have some opportunity in saving and multiplying the funds at the same time, or you can buy a lot of gold: to be safe if there will be some kind of a war, or international conflict.
Both of these assets are very good, I think that gold is recommended for securing yourself in danger, and bitcoin can make your future more bright.
It's not that there's only one reason to hold non-state-issued assets. I was trying to point out the hidden, fundamental reason why gold and Bitcoin will possibly do well, but at least not do miserably.
There are a lot of things the general public don't understand when it comes to money. For example, we are on a de facto gold standard, because we never left it, because we can't. (The real definition of the gold standard is elite suppression of gold prices in currency terms.)
What I try to do is to gain insight into how this system really works, not just take for granted what we're presented by the corporate media and mainstream economists. For example, any review of the gold standard beneath the surface will totally debunk all of the 'official' explanations of what it was and how it worked.
You don't even need to buy Gold. I think Silver will go back up again. It's really how you want to diversify your portfolio.
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