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Topic: The Real Reason to Hold Gold And Bitcoin - page 47. (Read 674498 times)

hero member
Activity: 672
Merit: 500
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.
hero member
Activity: 490
Merit: 520
You should hold gold because it's is accepted worldwide and exists from years .
While Bitcoin if accepted in your country you should hold because it has the decentralised feature where no one controls it .
Due to the unique features of the bitcoin it have made itself a favorite investment for the investors and as well as for the local community. We cannot use Gold like how we use the bitcoins. It is a new world’s technology.

Gold on the other hand is the most stable metal and is recognized thousands of years and low risk investment and is not in the reach of a common man.

Yes not all can afford to invest in gold as they might find it hard and difficult to buy it but with bitcoins they can invest even a small part of their money into and the only drawback with bitcoins at a moment is very few people knows bitcoins but I am sure bitcoin will find many more users and investors in future.
It's actually not too hard to invest in gold or other precious metals since a lot of producers are now using smaller denominations of PMs. I know of multiple that sell even down to 1g gold pieces, and others sell something as small as 1/10th of a gram of gold, however they're long pieces secured by plastic so it's less of the pure metal and more a decoration piece.
Bitcoin is a great way to have moveable and easily accessible money, wherever you are in the world, however it isn't tangible. Gold serves the same purpose, just opposite properties.
sr. member
Activity: 518
Merit: 250
You should hold gold because it's is accepted worldwide and exists from years .
While Bitcoin if accepted in your country you should hold because it has the decentralised feature where no one controls it .
Due to the unique features of the bitcoin it have made itself a favorite investment for the investors and as well as for the local community. We cannot use Gold like how we use the bitcoins. It is a new world’s technology.

Gold on the other hand is the most stable metal and is recognized thousands of years and low risk investment and is not in the reach of a common man.

Yes not all can afford to invest in gold as they might find it hard and difficult to buy it but with bitcoins they can invest even a small part of their money into and the only drawback with bitcoins at a moment is very few people knows bitcoins but I am sure bitcoin will find many more users and investors in future.
legendary
Activity: 1554
Merit: 1054
You should hold gold because it's is accepted worldwide and exists from years .
While Bitcoin if accepted in your country you should hold because it has the decentralised feature where no one controls it .
Due to the unique features of the bitcoin it have made itself a favorite investment for the investors and as well as for the local community. We cannot use Gold like how we use the bitcoins. It is a new world’s technology.

Gold on the other hand is the most stable metal and is recognized thousands of years and low risk investment and is not in the reach of a common man.
hero member
Activity: 826
Merit: 501
Well, the main reasons for holding bitcoin and gold is particularly the profit that may gain from it. Both btc and gold is now increasing rapidly of it's price in the market, and since from the beginning gold's price has remarkably uprising as well as bitcoin. Having patience of waiting for so long will not turn out to nothing but rather bring better future to your financial growth.
Yeah, because for the record the price of those two is increasing and still pumping every year because bitcoin and gold have a better future because more and more people and investors are holding and buying of those two and because of that the value of that two is increasing and increasing.
sr. member
Activity: 1484
Merit: 253
Well, the main reasons for holding bitcoin and gold is particularly the profit that may gain from it. Both btc and gold is now increasing rapidly of it's price in the market, and since from the beginning gold's price has remarkably uprising as well as bitcoin. Having patience of waiting for so long will not turn out to nothing but rather bring better future to your financial growth.
legendary
Activity: 3374
Merit: 3095
BTC price road to $80k
The only reason I see is that they are both (gold and bitcoin) a good store of value.  Gold being proven of its value for centuries and Bitcoin for being incline to price appreciation due to its deflationary feature and the possible exponential adoption.  Holding this two only means win win scenario for us due to the huge possibility of price increase after holding for a long time.
Bitcoin can be increase value in the short time unlike gold that it takes yearly before you can the value increase..
in bitcoin you can see the price value can be increase in few days or maybe sooner.due to in demand and supply..because most of the traders are focus in bitcoin if they heard about bitcoin good news it can affect its value and increase fast but if we heard about bad news people are panic sell or convert to other altcoin instead.. that can push the price down..
Gold is one of the good investment for a long time but it takes years to be able to make a good profit just for holding for a long time..
Both of this if you have them you have a chance to make a huge profit and stable profit if you hold them for a long time..
sr. member
Activity: 434
Merit: 250
The only reason I see is that they are both (gold and bitcoin) a good store of value.  Gold being proven of its value for centuries and Bitcoin for being incline to price appreciation due to its deflationary feature and the possible exponential adoption.  Holding this two only means win win scenario for us due to the huge possibility of price increase after holding for a long time.
You are right, Holding both of them, It's one of biggest investment in this world i think.
Both of them are very value, So when you hold them for a long time, automatically the value increase above years. Exactly like alcolic drinks.
legendary
Activity: 2954
Merit: 1153
The only reason I see is that they are both (gold and bitcoin) a good store of value.  Gold being proven of its value for centuries and Bitcoin for being incline to price appreciation due to its deflationary feature and the possible exponential adoption.  Holding this two only means win win scenario for us due to the huge possibility of price increase after holding for a long time.
legendary
Activity: 1274
Merit: 1004
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
legendary
Activity: 1092
Merit: 1000

i think the best investment for now , bitcoin .. i see bitcoin from 2014 and now 2017 , the price is very shocked . . and many more country accept this bitcoin ,, more reason i have why must hold bitcoin Cheesy
Although fluctuating , but i believe bitcoin can success better than gold ..

No doubt! Bitcoin potential cannot be substituted by any other metal or stock investment. The prices of Bitcoin are directly related to its demand which is increasing day by day, year by year and will be on same trend even after 5 or 6 years or more.

Yes, I agree with you bitcoin can easily change the world with the present price but at the same gold is completely different commodity where we can make a little profit from it. In longer run bitcoin will give more profit, but we cannot predict how future is going to be with these.

Your last line is 100% correct, and we can not predict the future of the Bitcoin. But at present Bitcoin is a good investment to make money. Gold is also a good investment, but the profit is less it is 100% profit. The thing is if you invest money in gold and wait for the long term the profit margin will not increase more. But if you invest in Bitcoin and wait for the long term you will get more profit.
sr. member
Activity: 658
Merit: 251
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i think the best investment for now , bitcoin .. i see bitcoin from 2014 and now 2017 , the price is very shocked . . and many more country accept this bitcoin ,, more reason i have why must hold bitcoin Cheesy
Although fluctuating , but i believe bitcoin can success better than gold ..

No doubt! Bitcoin potential cannot be substituted by any other metal or stock investment. The prices of Bitcoin are directly related to its demand which is increasing day by day, year by year and will be on same trend even after 5 or 6 years or more.

Yes, I agree with you bitcoin can easily change the world with the present price but at the same gold is completely different commodity where we can make a little profit from it. In longer run bitcoin will give more profit, but we cannot predict how future is going to be with these.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
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.
Really doubt by looking the current scaling problem, I think that bitcoin is now only matched well to send money but not for real implementation as it should be which is a currency. There's no way people will wait for a confirmation to arrive while a confirmation's average is currently 15 minute/second for recommended fees, can be faster when the fees are increased and slower when reduced.
Let us be honest, bitcoin is failed when it comes to a real transaction which needs short time interval.
hero member
Activity: 770
Merit: 500
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.
hero member
Activity: 3010
Merit: 629
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 investment as it is not as Volatile and Gold is a limited resource.

I agree with you . Bitcoin is currently used more for investment. People save more bitcoin for profit. Bitcoin is a short way for an investment. While gold should have a long time if you want to be invested.
Yes holding gold is profitable and it is for long term investment although it takes time to earn, you have assurance that you will gain from it because the value of gold is increasing as time goes by. on the other hand btc is like digital gold, investing in it is also profitable but it has risk.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
I think both gold and bitcoin can be good long term investments as well as some altcoins. It's also good to diversify and a little of each.
In current situation of the bitcoin it can be termed as the digital gold because I don’t see any other altcoin to beat the bitcoin. As both are considered as assets so both are good for a long term investment.

Yes, some altcoins can also be helpful but the altcoin are not that stable as compare to the bitcoin. I don’t see any other altcoin with such a good graph that we have of the BTC.
You should be open minded in investing, do not depend on just one investment like bitcoin, you need to expand your capability to have a higher chance of getting more profits. There is a lot of altcoins that have a lot of potential that can be the next bitcoin, do your own research and after that you will realize that it is true that there is a lot of altcoins that have potential.
legendary
Activity: 1232
Merit: 1029
I think both gold and bitcoin can be good long term investments as well as some altcoins. It's also good to diversify and a little of each.
In current situation of the bitcoin it can be termed as the digital gold because I don’t see any other altcoin to beat the bitcoin. As both are considered as assets so both are good for a long term investment.

Yes, some altcoins can also be helpful but the altcoin are not that stable as compare to the bitcoin. I don’t see any other altcoin with such a good graph that we have of the BTC.
hero member
Activity: 882
Merit: 544
To get the best result from bitcoin, it is advisable to hold your bitcoins for long term and not short term because in short term, you might get some profits but it is not that maximized profit because it is just for short term while long term will be the best for you to earn and maximize your profit because in the long term trend, the price is always going up and its been tripled since the price last year.
There is no such thing as bitcoin price always going up even in the future since there will always be times that bitcoin price will go down and I think holding bitcoin for long term will not get one the best result in investing in bitcoin. As long as one sells and re-buy back at a good point, one can maximize profit that can be gained through bitcoin which might give them the best ever possible profit they can make out of bitcoin.
legendary
Activity: 1386
Merit: 1058
Both bitcoin and gold is a good investment, but gold is more stable and more suitable for a long term, while bitcoin is more suitable for short term, and real reason to hold bitcoin is to beat inflation, as we know if we invest our money in fiat then every year our investment value is going down but bitcoin wont be influence by inflation

There is absence of inflation when it comes to investing money in bitcoins and even the price of bitcoin keeps on appreciating over a period of time and that makes it really attractive investment and you can also get benefits from it in short term which is totally missing in gold.
The inflation can be noticed in the price of the bitcoin. Gold is a very stable asset and is favorite of the long term investors from ages while the bitcoin is also a very favorable investment because of its characteristics. It also provides more opportunities to add value to you your worth and earnings. Gold can only be helpful if you store it for certain period of time and then sell it.
sr. member
Activity: 287
Merit: 250
The reason why gold hard to hold here in my country is luck of gold and hard to find gold that is why more people are choosing bitcoin currency for they to easy invest or into trading such as alternative coins bitcoin has easy way to create transaction whenever you are or what you are doing in it.

I thought the opposite with gold there are no problems and it is more affordable, and bitcoin as a complementary opportunity to invest.
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