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Topic: The Real Reason to Hold Gold And Bitcoin - page 48. (Read 674549 times)

legendary
Activity: 1036
Merit: 1002
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.
legendary
Activity: 1176
Merit: 1024
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 .
 

I've never seen a shop in my life that accepts gold.
On the other side I've seen quite a few that accept bitcoin.

So you got these two messed up.
It is because every currency bill that is when issued by a government some part of it is kept as reserves in the form of Gold. The bill that you pay is basically secured by gold. This is the reason that the currency notes are more commonly acceptable than that of a bitcoin.

Though no regular dealing is made in gold between the buyer and seller but it has a history. The bitcoin is not even known by many of the countries. It may be acceptable in some parts of the world.
Mr
sr. member
Activity: 309
Merit: 250
Every investment have some risks, nothing is 100 % safe. For now hold bitcoin is very risky, the price is too high make you have to keep alert for the fall of its value, the price of bitcoin is rising so take advantage of the price increase by taking advantage of selling it now and buying back then holding. each investement have of the risks it's true but how we manage the investment lowers the percentage of risk.
The value only decrease when Bitcoin can not adapt the people and the demand of Bitcoin does not high as it used to before. However, it seems that people are very very happy while using Bitcoin at the moment so there is no evidence that it can be drop Wink
sr. member
Activity: 1246
Merit: 255
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.

In my view gold doesn't seem to be an limited source, because it is a commodity which we get from earth. On exploring it can be found more but it seems a rare metal to be got. This makes it more valuable and less volatile. It too has grown from bottom as our bitcoin, but it took years to achieve the same. This is the reason why gold is preferred by common users.
full member
Activity: 120
Merit: 100
Every investment have some risks, nothing is 100 % safe. For now hold bitcoin is very risky, the price is too high make you have to keep alert for the fall of its value, the price of bitcoin is rising so take advantage of the price increase by taking advantage of selling it now and buying back then holding. each investement have of the risks it's true but how we manage the investment lowers the percentage of risk.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
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.
That's why its better to hold both, holding bitcoin for short term investment, selling when price is high and buying when price is low, and holding gold to secure some wealth for the future. The good thing in investing in gold is that it is stable and climbs up not that often while bitcoin have a bull market going up and down almost every week or month. The real reason for holding both is that one can profit by just holding them and that's it.
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.
hero member
Activity: 882
Merit: 544
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.
That's why its better to hold both, holding bitcoin for short term investment, selling when price is high and buying when price is low, and holding gold to secure some wealth for the future. The good thing in investing in gold is that it is stable and climbs up not that often while bitcoin have a bull market going up and down almost every week or month. The real reason for holding both is that one can profit by just holding them and that's it.
legendary
Activity: 1596
Merit: 1011
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.
newbie
Activity: 10
Merit: 0
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.
sr. member
Activity: 378
Merit: 250
Pre-sale - March 18
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 ..
Gold is very hard to beat, even if bitcoin reaches high prices, and that is due to the fact that bitcoin has an unstable market value and risky to put a lot of money into, unlike gold which has been for many years the go to for people who want to save a large amount of money while letting it grow, because it is stable, but I think it depends on the person whether they are willing to wait for a long-time ore for a short time.

But for those who like to take a bit of risk and want to make money in a short period of time, bitcoin is perfect for an additional investment cell.

Exactly bitcoin allows people to make profits in short term due to its price volatility which may be never possible with gold as to make profits from gold you need to hold it for a very long time and not all have that patience to hold it longer to make profits from it.
sr. member
Activity: 274
Merit: 250
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 ..
Gold is very hard to beat, even if bitcoin reaches high prices, and that is due to the fact that bitcoin has an unstable market value and risky to put a lot of money into, unlike gold which has been for many years the go to for people who want to save a large amount of money while letting it grow, because it is stable, but I think it depends on the person whether they are willing to wait for a long-time ore for a short time.

But for those who like to take a bit of risk and want to make money in a short period of time, bitcoin is perfect for an additional investment cell.
hero member
Activity: 924
Merit: 500

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.
No its not bitcoin will be as new as our technology making the world better. Its about the volume of bitcoin why the price increasing day by day but doe not mean bitcoin will be rapidly increasing and will never face dumping at all.
sr. member
Activity: 392
Merit: 250

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.
legendary
Activity: 1176
Merit: 1024
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 ..
Gold is very hard to beat, even if bitcoin reaches high prices, and that is due to the fact that bitcoin has an unstable market value and risky to put a lot of money into, unlike gold which has been for many years the go to for people who want to save a large amount of money while letting it grow, because it is stable, but I think it depends on the person whether they are willing to wait for a long-time ore for a short time.
hero member
Activity: 2128
Merit: 658
Leading Crypto Sports Betting & Casino Platform
I've never seen a shop in my life that accepts gold.
On the other side I've seen quite a few that accept bitcoin.

So you got these two messed up.


There was a time when gold coins circulated alongside paper money everywhere in the economy.

The dollar or pound face value of gold coins was the same as the value of their gold contents as specified by each gold standard.  It was a sign of national strength when gold coins were circulating freely, as, for example, in the US and UK.

However, any time and anywhere a financial crisis became imminent, gold coins would disappear from circulation, and be replaced by paper money.  This was because the public no longer trusted that the paper would be equal to the gold, with 100% confidence.
hero member
Activity: 1008
Merit: 540
this is a really good topic. as far as i know theres a limited supply of gold thats why people are holding it because the price of gold is increasing and growing everyyear while bitcoin is unpredictable because its not stable because it is decentralized currency thats the reason why bitcoin is dumping and pumping any time so holding a bitcoin you need some good instinct to determine if bitcoin will dump or pump
sr. member
Activity: 518
Merit: 271
Bitcoin and gold are almost same they are both minable, limited in supply they only differs in properties gold is physical bitcoin is digital.
The reason is to hold bitcoin and gold is they are both investments gold is good for long term investment and bitcoin can be both good for  long and short term investment but if you compare them in long term, bitcoin would triple your profit but sometimes it would be risky due to volatility of the coin unlike in gold they won't profit much but they are more stable.
full member
Activity: 185
Merit: 100
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 .
 

I've never seen a shop in my life that accepts gold.
On the other side I've seen quite a few that accept bitcoin.

So you got these two messed up.


Gold is used only for investment. A bitcoin can also be used as money to pay for goods. I think this is the main difference of these assets.
I use gold as a reliable way to store my money. A bitcoin for rapid multiplication of money
legendary
Activity: 3318
Merit: 1247
Bitcoin Casino Est. 2013
Bitcoin is considered as gold 2.0 and has more advantages over gold. It can be kept in someone's PC inside his home while gold will always be sought after from possible thieves,you see how many movies are about robbing banks and golds, they are not all made up, some come from true stories. I prefer to keep Bitcoin only as it feels safer for me because only I am in command here.

Gold has resisted centuries but this was because Bitcoin was not available through centuries, it just popped out in our latest century in which we are living.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
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 .
 

I've never seen a shop in my life that accepts gold.
On the other side I've seen quite a few that accept bitcoin.

So you got these two messed up.
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