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Author Topic: Holdings of gold vs Holdings of btc  (Read 62113 times)
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December 16, 2015, 01:26:32 PM
 #1

Does anyone have any idea how many people are using gold as a store of value vs btc?  And how long do you think until we have the same user Base as holders of gold?

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December 16, 2015, 01:42:32 PM
 #2

Are you including central banks etc.

In countries like India its cultural to hold.

Bitcoin is a drop in the ocean compared to market cap of gold.






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December 16, 2015, 02:21:14 PM
 #3

Well in my opinion, bitcoin will never be equal to gold because gold has physical value and represents for the whole economy while bitcoin is just numbers. One possibility for that to happen is we lose all our gold
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December 16, 2015, 02:41:25 PM
 #4

It is a cultural thing to buy and hold gold in India really? I didn't know that.

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December 16, 2015, 03:33:24 PM
 #5

Bitcoin right now is nothing compared to gold when you kook at the market cap. It will take plenty of years before we can see the Bitcoin market cap will come a tiny bit closer to the Gold market cap. Gold will last thousands of more years, while we don't even know where Bitcoin stands after 10 years.
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December 16, 2015, 03:38:12 PM
 #6

People who have Gold should be logically more then those who have bitcoin , Bitcoin will never and I mean never have a value like gold honestly , people will invent something better then bitcoin with the upcoming years , even if it's not for our lifetime However gold will stay gold and won't lose it value because it exists for thousands of years .

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December 16, 2015, 04:01:27 PM
 #7

Maybe for our era, we should have both gold and bitcoin. I think gold will still be valuable at least for the next 50 years....

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December 16, 2015, 04:28:40 PM
 #8

It will be high hope if we think bitcoin will be like gold or it will be treated as gold. Only techguy and programmers all over the world know about bitcoin and knows how it is profitable to store bitcoin in future. But for small farmer or the housewife who like to get some jewellery on hand will never shift towards bitcoin as bitcoin doesn't have any physical value.

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December 16, 2015, 04:41:30 PM
 #9

It will be high hope if we think bitcoin will be like gold or it will be treated as gold. Only techguy and programmers all over the world know about bitcoin and knows how it is profitable to store bitcoin in future. But for small farmer or the housewife who like to get some jewellery on hand will never shift towards bitcoin as bitcoin doesn't have any physical value.
yes gold is best better then Bitcoin forever because it lasts for thousands of years, and Bitcoin will never ever forever ching ching ching dong reach gold price.
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December 16, 2015, 04:46:50 PM
 #10

Are you including central banks etc.

In countries like India its cultural to hold.

Bitcoin is a drop in the ocean compared to market cap of gold.



Lol i literally googled trying to find something like this. Good job.

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December 16, 2015, 07:42:45 PM
 #11

Gold is known in every house (maybe every person know about gold)
This is because gold exists now for a long time, bitcoin is pretty new.
People don't know about bitcoin so the market is a bit limited, so less than a percentage of people use bitcoin.

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December 17, 2015, 02:15:16 AM
 #12

Gold is gold and bitcoin is (in general) part of internet. Without internet (or similar sort), there is no bitcoin.

So I guess people still prefer something that they can touch.

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December 17, 2015, 02:28:42 AM
 #13

...

markj113

That is an excellent chart, thanks for tracking it down for us.

I would expect that the value of the world's gold will continue to FAR exceed the total BTC market cap for many years.  Gold will be very scarce (and so expensive) for many years.

And we cannot predict the future of Bitcoin.  It looks good now, but in 50 years maybe something better will come along?  50 years, nowadays, is a long time...

Smiley
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December 17, 2015, 03:14:50 AM
 #14

Similar to oil, Gold's value is mainly decided by supply and demand dynamics, and mining technology is improving every day. If some deep mining technology is gaining momentum, you might see much larger amount of gold dig out everyday, sending its value down

Bitcoin however, supply is fixed schedule, never changes, very predictable, but its demand is uncertain right now

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December 17, 2015, 03:17:28 AM
 #15

Gold has many uses and applications, some crucial and life-saving. Bitcoin does not have crucial and life-saving utllity. Gold is beautiful to look at and hold. Bitcoin will never be as valuable as gold. Gold lasts forever, bitcoin is just a number in the interweb. Do you think they will care if you hold bitcoins AFTER a nuclear war or a great natural disaster??? If you have gold, you will still be able to buy bread and water with it. No one will want bitcoins when there's no interweb.

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December 17, 2015, 03:18:10 AM
 #16

its really hard for bitcoin to get the same amount of user as gold holder,gold have been known for more than 1000 years ago, and almost all people around the world know what gold is,but bitcoin still rarely known by people (which is old)
i'd say its close to impossible


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December 17, 2015, 03:35:43 AM
 #17

Gold has been around for a long time so it has had time to make its mark on people. Bitcoin is "relatively" new compared to gold. Bitcoin is still trying to find its place in the world and that is why people have gold compared to Bitcoin.
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December 17, 2015, 08:41:16 AM
 #18

Does anyone have any idea how many people are using gold as a store of value vs btc?  And how long do you think until we have the same user Base as holders of gold?

Holding btc is more valuable than gold .
Bitcoin prices can anytime go to top level and easily you can sell or buy it with more comfort and ease than gold.
Also gold is very old and not more appreciated by people now. Modern technology uses modern things.
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December 17, 2015, 09:59:52 AM
 #19

Does anyone have any idea how many people are using gold as a store of value vs btc?  And how long do you think until we have the same user Base as holders of gold?

Holding btc is more valuable than gold .
Bitcoin prices can anytime go to top level and easily you can sell or buy it with more comfort and ease than gold.
Also gold is very old and not more appreciated by people now. Modern technology uses modern things.

Of course it is. Bitcoin is just starting up and it is still trying to find its correct price. Gold has already stabilised in price, so you won't earn much if you invest in gold now.

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December 17, 2015, 10:15:07 AM
 #20

Holding gold you won't make that much profit in a long term. With bitcoin you have a high changes that will just go to 1500 dollar the next year. I think you should just hold bitcoin for now and not gold That is why a lot of people is going for bitcoin than gold. The problem mining bitcoins cost money also gold, but with gold you can get lucky in one day you can get maybe 1000 grams of gold or something.
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