I have halted all purchases paying with Bitcoin

[dothebeats]

just hold it and wait 10 years. that is probably a better choice than buying gold.

by the way: in the meantime you can study it further 

i would rather buying real bitcoin made from gold than holding a bitcoin for 10 years , because the rate of gold always increase

Meh, gold has been a nice example of price stagnation for a couple of years. Bitcoin is probably one of the better options if you want a nice investment to hold on for years to come.

[erikalui]

just hold it and wait 10 years. that is probably a better choice than buying gold.

by the way: in the meantime you can study it further 

i would rather buying real bitcoin made from gold than holding a bitcoin for 10 years , because the rate of gold always increase

That's what even I was trying to say that Gold is a physical item while bitcoins is just a virtual currency. Tomorrow if Gold is worth nothing, I'll atleast be holding a real commodity unlike bitcoins that are just virtual. I want to own PHYSICAL bitcoins and not something virtual in comparison.

[Betwrong]

...

Recently I made a decision to just stand pat re my BTC holdings.  I had made various experiments into buying gold (from veldtgold.com here at bitcointalk) and providentmetals.com, both of them gave me good & rapid service when paying by Bitcoin.

But, my wife is less-than-enchanted with me buying more gold, so I will just HODL the rest of my BTC "pile", and wait to see what happens in the near and medium term future.

I am inclined to believe that BTC will likely go higher from here, with a lesser chance of going much higher, but I have less insight into that than many BTC veterans and experts.

So, I will just sit on the sidelines now, and cheer the BTC price on up.  If ti reaches very high numbers, I will re-evaluate my HODL, and turn them back into CA$H or gold.  In other words, my BTC are now in "strong hands", I am not going to let them go.

That's the right decision IMO.
Buying gold with BTC you are doing just like many generations before you, they all were buying gold to save their earnings. But investing in BTC, holding it hoping that the price will go up you are up to the whole new level.
Investing in BTC is investing in the future.

[OROBTC]

...

Very interesting replies!

I believe (will check later) that the ONLY thing I have bought with BTC is gold.  I already have a lot more gold by value than BTC (BTC is a little under 1% of what I hold).

An issue with spending BTC for me is that there are few products/services that I would want that are available for BTC...

But, I will HODL my BTC as a great long-term speculation.

[pereira4]

just hold it and wait 10 years. that is probably a better choice than buying gold.

by the way: in the meantime you can study it further 

This. The best a man can do now for his portfolio is stack and stack like a madman. 10 year is the magic time period to hold it and wait for huge things to happen, and in the meantime you may sell a bit if you are feeling lucky into predicting a bubble (for example, the incoming halving). Other than that just hold it imo.

[lemipawa]

Gold is still a good investment if I am to be asked, I think holding Bitcoins for a long time is not a good idea anymore, we have seen the roller coaster changes of its value and I think we have seen the best price of it already, it will never go back to it's glory days anymore.

[Bifta]

That's what even I was trying to say that Gold is a physical item while bitcoins is just a virtual currency. Tomorrow if Gold is worth nothing, I'll atleast be holding a real commodity unlike bitcoins that are just virtual. I want to own PHYSICAL bitcoins and not something virtual in comparison.

+1 Gold is a good store of value. If something happened to the internet like a solar flare took out the world's computers, then gold would still be around I can still trade it for other stuff. Bitcoin is more for investing due to its volatility while gold can be forever.

[Anmol_Verma]

I value gold more than bitcoins TBH as Gold isn't just a commodity for me but it is more like a protection for my family and is more valuable than bitcoins. I am not being a pessimist but I don't think the price will reach even $500 in the next 2-3 years. It may go upto $400 but chances are very low going by the current trend.

Just wait and watch it will go beyond  $1000 next year

[lemipawa]

Just wait and watch it will go beyond  $1000 next year

Why do you think it will go beyond $1,000 mark by next year?
It won't even touch the $300 mark for the past few weeks since the Bitcoin XT story started making its rounds and recently it reached $250 because of some pump and dump groups out there.

[Bifta]

Just wait and watch it will go beyond  $1000 next year

Why do you think it will go beyond $1,000 mark by next year?
It won't even touch the $300 mark for the past few weeks since the Bitcoin XT story started making its rounds and recently it reached $250 because of some pump and dump groups out there.

A lot of people are speculating that the next block reward halving will cause the price of Bitcoin to skyrocket. IMO it won't happen.

[lemipawa]

Just wait and watch it will go beyond  $1000 next year

Why do you think it will go beyond $1,000 mark by next year?
It won't even touch the $300 mark for the past few weeks since the Bitcoin XT story started making its rounds and recently it reached $250 because of some pump and dump groups out there.

A lot of people are speculating that the next block reward halving will cause the price of Bitcoin to skyrocket. IMO it won't happen.

Yes I've heard of that story line, last time I heard from a friend here it will reach $350 - $400
But I don't see any reason why it will go to that level, but who knows, Bitcoin really is unpredictable
Another exchange site maybe launched in a couple of months and make some pump and dump act and may help increase the price a little bit, but not $1,000. However, I'll be a happy camper if ever that happens.

[aso118]

Hold it till the 2020 block reward halving. You will have a pretty good idea about where Bitcoin is headed at that point.
I will be holding till that point too. No matter what the price is, I plan to liquidate only half of my stock.

[Preen]

Well, are you betting gold will double in value in the next few years? I think gold is a good store of value, but unless a gold shortage happen, the value will most not likely raise by all that much.

If BTC goes up to only 400$, then that is a great investment to make right now. But if you wish for physical good that will merely retain their value, then gold/silver and toilet paper it is.

Like I said earlier, gold is not just a commodity for me that just have a value but we also have jewelry made of gold and that's worth much more than the bitcoins I hold in a wallet. I am almost 100% sure that Gold being used for the past 100 years will continue to hold value for another 100 years but will Bitcoins be able to survive so long? It would make me look delusional if I say that bitcoins would last for so long. About doubling the price, it's just a guess that the price would be $400 after 2-3 years but if we take into account the price in 2013, now the price is 25% the value it was then. If the price does reach $400, it would still be a loss for those who bought bitcoins when it was worth $1000. On the other hand, the price of gold has not reached -75% of its amount in 2013 (1 kg is now worth $38,532 and the percentage difference in 2 years is -10% approximately) . The price is stable which matters a lot while we decide what's preferred Gold or Bitcoins.

You clearly have no idea what you'r'e talking about. Gold has been the 'gold standard' as a medium of exchange for thousands of years. If you look at gold's history, there has been hugely volatile rides in price throughout the years.

https://www.tradingview.com/x/0gCBfwtm/

Check this chart out of GOLD during the 80's boom and subsequent decline..

Even though gold is a global commodity, it really is in the control of very few entities. The scale of their games is simply much larger. But the end goal exactly the same.

At the end of the day, where you choose to put your money is up to you, each and every asset is exposed to 'market forces' whether its Commodities, currencies or stocks. Some just fluctuate less on smaller time frames. If you zoom out and look at the bigger picture, there's always a bunch of people getting screwed. In a zero-sum game, there's only very few winners, and those exact wins are on the backs of the majority losing.

[Invenio]

I'm in the same boat as you OP, just hoping the BTC Price conctinues to climb. Just watched it jump from 244 to 252.8 so that's pretty dank.

[VirosaGITS]

Well, are you betting gold will double in value in the next few years? I think gold is a good store of value, but unless a gold shortage happen, the value will most not likely raise by all that much.

If BTC goes up to only 400$, then that is a great investment to make right now. But if you wish for physical good that will merely retain their value, then gold/silver and toilet paper it is.

Like I said earlier, gold is not just a commodity for me that just have a value but we also have jewelry made of gold and that's worth much more than the bitcoins I hold in a wallet. I am almost 100% sure that Gold being used for the past 100 years will continue to hold value for another 100 years but will Bitcoins be able to survive so long? It would make me look delusional if I say that bitcoins would last for so long. About doubling the price, it's just a guess that the price would be $400 after 2-3 years but if we take into account the price in 2013, now the price is 25% the value it was then. If the price does reach $400, it would still be a loss for those who bought bitcoins when it was worth $1000. On the other hand, the price of gold has not reached -75% of its amount in 2013 (1 kg is now worth $38,532 and the percentage difference in 2 years is -10% approximately) . The price is stable which matters a lot while we decide what's preferred Gold or Bitcoins.

You clearly have no idea what you'r'e talking about. Gold has been the 'gold standard' as a medium of exchange for thousands of years. If you look at gold's history, there has been hugely volatile rides in price throughout the years.

https://www.tradingview.com/x/0gCBfwtm/

Check this chart out of GOLD during the 80's boom and subsequent decline..

Even though gold is a global commodity, it really is in the control of very few entities. The scale of their games is simply much larger. But the end goal exactly the same.

At the end of the day, where you choose to put your money is up to you, each and every asset is exposed to 'market forces' whether its Commodities, currencies or stocks. Some just fluctuate less on smaller time frames. If you zoom out and look at the bigger picture, there's always a bunch of people getting screwed. In a zero-sum game, there's only very few winners, and those exact wins are on the backs of the majority losing.

Gold will retain value no matter what happen, short of human extinction. While fiat or any currency really that has no value by itself has risks. The US economy could collapse, BTC could get attacked in a big scale way by governments, etc.

[erikalui]

You clearly have no idea what you'r'e talking about. Gold has been the 'gold standard' as a medium of exchange for thousands of years. If you look at gold's history, there has been hugely volatile rides in price throughout the years.

https://www.tradingview.com/x/0gCBfwtm/

Check this chart out of GOLD during the 80's boom and subsequent decline..

Even though gold is a global commodity, it really is in the control of very few entities. The scale of their games is simply much larger. But the end goal exactly the same.

At the end of the day, where you choose to put your money is up to you, each and every asset is exposed to 'market forces' whether its Commodities, currencies or stocks. Some just fluctuate less on smaller time frames. If you zoom out and look at the bigger picture, there's always a bunch of people getting screwed. In a zero-sum game, there's only very few winners, and those exact wins are on the backs of the majority losing.

I am not checking the price worth 20 years back as Gold is a medium of exchange since the 18th century. It was just an example and I dint get what you are trying to say. The comparison was Gold and bitcoins and which is more worth while I haven't eliminated the risk factor that exists in both the physical commodity as well as virtual one. For me it's Gold that's what I said whether or not the price fluctuates is not a concern for me.

[~Bitcoin~]

You have taken a very wise and good decision. You seems to be strong believer of bitcoin but you have not consider to hold your all of the bitcoins hoping the price will go up which is a very safe decision. I think july of 2016 will be the month to decide on buying or selling our bitcoins.

[Febo]

...

Recently I made a decision to just stand pat re my BTC holdings.  I had made various experiments into buying gold (from veldtgold.com here at bitcointalk) and providentmetals.com, both of them gave me good & rapid service when paying by Bitcoin.

But, my wife is less-than-enchanted with me buying more gold, so I will just HODL the rest of my BTC "pile", and wait to see what happens in the near and medium term future.

I am inclined to believe that BTC will likely go higher from here, with a lesser chance of going much higher, but I have less insight into that than many BTC veterans and experts.

So, I will just sit on the sidelines now, and cheer the BTC price on up.  If ti reaches very high numbers, I will re-evaluate my HODL, and turn them back into CA$H or gold.  In other words, my BTC are now in "strong hands", I am not going to let them go.

I think in basic, having Gold or bitcoins is same. But ofcourse it is different. I suggest you to also look elsewhere. But maybe in near future, Bitcoin and Gold might be best to have, so you need to just sit and relax.

[Ceizer54]

Predictions are not easy OP..they are always hard..I would say you have done right and should hold as much bitcoins as you can..
Furthermore investment in anything is risky but we should have patience My advice is hold and wait till mid season of next year to see the result..I am sure prices will be up and then sell and buy something for you wife 

[mallard]

But if everybody holds onto it, it's going to be a pretty crappy currency because nobody will spend or accept it.