The Real Reason to Hold Gold And Bitcoin - page 54.

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Quote from: BobK71 on April 12, 2017, 07:55:35 AM

Quote from: cellard on April 06, 2017, 08:28:06 AM

With gold... what if huge mines are found? or some asteroid once we have advanced technology? that makes me a bit worried for the long term.

Another issue is that it is now possible to make gold. (Alchemy has succeeded!) The costs of the radioactive reactions are currently too high, but that cost is effectively the upper bound of the price of gold.

I don't believe in those so called scientific research on creating gold.

In any case, it's a matter of time science can create gold, if we ever reach a point were gold creation is rather cheap, gold will be insta dumped, and that day BTC will go to several million dollars per coin.

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Gold is a precious scarce medal and bitcoin is a valuable because is the digital scarce one, if we compare both of them as commodities. But these assets has a fundamental difference each other. That is, bitcoin till now is volatile. Moreover we know for investments and especially if we care to invest for long time investor is better to diversify his portfolio so as to mitigate the risks. This is a good reason for someone to keep his wealth to gold and bitcoin at the same time.

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Quote from: Iranus on April 06, 2017, 08:37:23 AM

For your savings, you should definitely hold gold and/or Bitcoin. This post is unreasonable though because not everyone can expect to gain from an asset. If everyone in the world held gold and continued to do so, the price would not rise (because the price increase would not be from an increase in adoption so it would have to be due to progression of the economy, which cannot happen all of the time). Even if progression of the economy did happen all the time, the continued introduction of new gold would result in falls until all of the gold was introduced. So by nature, gold's inflation rate is neutral or positive - only its current state results in deflation.

Very interesting. For the purpose of social good, we can't hope for some group or even for everyone to get rich from holding some asset. Money and financial assets should be systems to keep track of real wealth, not generators of wealth by themselves.

However, there is a social good to be had, if everyone started holding gold and/or Bitcoin. There may be a short-term period of pain, but over the long term it would reduce or eliminate the ability of the elites to distort and destabilize economies (not to mention reduce human happiness in general) by manipulating money and other financial assets.

As far as economic growth, under honest finance growth would only come from real demand for new goods and services, and real innovation. Sometimes, there just wouldn't be any growth. But honest growth wold also mean the economy wouldnt be addicted to growth, as it is today, where even the news of zero growth would send asset values and livelihoods crashing.

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Quote from: mindrust on April 06, 2017, 08:35:25 AM

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.

It is true that the ultimate reason is limited supply, as you say. That will become the ultimate support for confidence, if that is needed. However, investors are generally scared away from gold by the continuous downward movement of its price, most of the time, due to market manipulation by the elites. They need to understand that the elites themselves don't want to kill gold, for their own reasons.

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Quote from: cellard on April 06, 2017, 08:28:06 AM

With gold... what if huge mines are found? or some asteroid once we have advanced technology? that makes me a bit worried for the long term.

Another issue is that it is now possible to make gold. (Alchemy has succeeded!) The costs of the radioactive reactions are currently too high, but that cost is effectively the upper bound of the price of gold.

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Quote from: Pettuh4 on April 10, 2017, 11:50:53 AM

Quote from: radjie on April 09, 2017, 05:45:19 AM

It is very interesting both very good for us to save the gold to invest our savings even bitcoin as well as it is, the longer we save the greater the benefit and when we want to sell bitcoin at prices that are rising then we gain more.
Bitcoin both have gold and precious value.

I believe they both have a great future ahead as him has been tried and tested over time. Bitcoin on the other hand is gaining grounds in our hearts and it's been a thrilling year for it and we hope to earn more with it so considering holding some Bitcoin too is laudable.

I think on this point when the price goes down we need a faster method to sell your funds, bitcoin winnng on this position, because if the price crashes the selling process should easy and fast. As a currency to hold i will choose bitcoin right now, because it still a good investment gold can rise that fast only once in a long time and it's really difficult to compare bitcoin and gold because they are too different kind of investment

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Quote from: radjie on April 09, 2017, 05:45:19 AM

It is very interesting both very good for us to save the gold to invest our savings even bitcoin as well as it is, the longer we save the greater the benefit and when we want to sell bitcoin at prices that are rising then we gain more.
Bitcoin both have gold and precious value.

I believe they both have a great future ahead as him has been tried and tested over time. Bitcoin on the other hand is gaining grounds in our hearts and it's been a thrilling year for it and we hope to earn more with it so considering holding some Bitcoin too is laudable.

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Quote from: mindrust on April 06, 2017, 08:35:25 AM

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.

Yup, anything that's rare or limited in supply people want them because it will be worth a lot in future if it already isn't. Gold and Bitcoin are a bit different though, gold has been around for centuries and since then it has been worth a lot and its demand just keeps increasing. While bitcoin has been around for only 8 years and though its popularity is increasing, BTC can be replaced while gold cannot be.

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Quote from: mindrust on April 06, 2017, 08:35:25 AM

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.

I agree with your opinion, gold and bitcoin both have limited supply, and their demand is high. People know about them, and also know if they hold bitcoin or gold than they could earn from it. When we start to holding them, than automatically they demand will be high. So price depend on supply and demand and we start to profit from them. If we gain profit from them, than doesn't matter, what is wrong with it.

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Quote from: radjie on April 09, 2017, 05:45:19 AM

It is very interesting both very good for us to save the gold to invest our savings even bitcoin as well as it is, the longer we save the greater the benefit and when we want to sell bitcoin at prices that are rising then we gain more.
Bitcoin both have gold and precious value.

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.

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It is very interesting both very good for us to save the gold to invest our savings even bitcoin as well as it is, the longer we save the greater the benefit and when we want to sell bitcoin at prices that are rising then we gain more.
Bitcoin both have gold and precious value.

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Quote from: fathur.aza on April 09, 2017, 02:40:41 AM

bitcoin and gold for the long term?

As of now you may hold both bitcoin and gold for your future. But in my wild guess, in future people may start forgetting gold because when they are having an instrument which will be easier to hold and transact and more importantly will be getting more appreciation than gold. Why they still want gold ?

Just a speculation : people may forget gold when they are realizing the real advantages of bitcoin, honestly we do not need 2 golds Grin

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because the same bitcoin mas has things that are important to its future
then from this deservedly Real Gold And Bitcoin hold her.

bitcoin and gold for the long term?

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Quote from: Kakumei on April 08, 2017, 07:34:23 AM

Very eye opening thread as to the value of gold in comparation to bitcoin.

I would say that gold would certainly be timeless in its value but bitcoin is uncertain because without electricity or internet connection, bitcoin is useless.

I should agree with some of your arguments but looks like you're blaming the bitcoin itself just caused by the internet and electricity to be the important requirement before starting for use bitcoin. What do you think if there will be the physical form of the bitcoin in the future?
But it seems the advantages of bitcoin is really a lot compared with the gold itself.

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Quote from: carlfebz2 on April 08, 2017, 06:21:52 AM

Quote from: DoublerHunter on April 08, 2017, 05:48:33 AM

Quote from: gredisgold88 on April 08, 2017, 01:46:26 AM

bitcoin and gold, today is the item that has a good price and to invest in the future. but bitcoin and gold are two contradictions different, bitcoin created by the genius of the man who created the curency which is based on cryptographic technology, while gold is created naturally require a few million years to make the precious metal and has a price, the history of gold as curency and turned into jewelery passes thousands of the world's history, both have more value and use value. I think I'm going to divide the capital for menginvestasikanya, for cryptocurency for future predictions will be used for the digital world has been created, while gold is a precious metal that has been recognized to tackle inflation and deflation, although there is war , gold still has a high price.

That is the advantage of having a gold because if there is a war or anything event with a massive crisis then the gold is still there with a expensive price and you can sell it offline while bitcoin is a digital and if there is no internet then your money are stucked in the internet which is bad. Buy both so you will not regret.

Gold does have advantages over bitcoin but theres also an advantage of bitcoin over gold just like that they have their own field on investment field thats why if we do have the money then its always wise to invest on both things because potential decent income is really possible among these two things.

of course, by dividing the capital for several investments, gold is the right choice, investment property, shares and the latter in bitcoin. because bitcoin has a big risk, and still difficult to predict the future. but when berdangang bitcoin follow the market then it is the right thing. no one really knows what the price of bitcoin future and what will happen in the world cryptocurency.

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Very eye opening thread as to the value of gold in comparation to bitcoin.

I would say that gold would certainly be timeless in its value but bitcoin is uncertain because without electricity or internet connection, bitcoin is useless.

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Imagine just a collapse of the system, slow and painful consequence of the crisis that began in 2007, a monetary and financial collapse with what money will you pay food? Gasoline if there? Drugs? Roll Eyes

With still more liquid gold and silver coins. And if you are lucky to avoid a major crisis before your death, you can always pass on to your grandchildren this savings.

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Quote from: DoublerHunter on April 08, 2017, 05:48:33 AM

Quote from: gredisgold88 on April 08, 2017, 01:46:26 AM

bitcoin and gold, today is the item that has a good price and to invest in the future. but bitcoin and gold are two contradictions different, bitcoin created by the genius of the man who created the curency which is based on cryptographic technology, while gold is created naturally require a few million years to make the precious metal and has a price, the history of gold as curency and turned into jewelery passes thousands of the world's history, both have more value and use value. I think I'm going to divide the capital for menginvestasikanya, for cryptocurency for future predictions will be used for the digital world has been created, while gold is a precious metal that has been recognized to tackle inflation and deflation, although there is war , gold still has a high price.

That is the advantage of having a gold because if there is a war or anything event with a massive crisis then the gold is still there with a expensive price and you can sell it offline while bitcoin is a digital and if there is no internet then your money are stucked in the internet which is bad. Buy both so you will not regret.

Gold does have advantages over bitcoin but theres also an advantage of bitcoin over gold just like that they have their own field on investment field thats why if we do have the money then its always wise to invest on both things because potential decent income is really possible among these two things.

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