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virtualx
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December 22, 2015, 07:38:39 PM |
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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....
We can't compare gold with Bitcoins ,logically. Gold we see it glitters shine, we wear it too but at the same time Bitcoins is a digital money. Its price rises and goes down too.now the price is little down but it will gain the market again. Gold values will not be decreased in the future. Why will gold values not be decreased in the future? I think due to inflation the gold price may go down. |
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BE A MOON VISITOR! |
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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markj113
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Activity: 2254
Merit: 1043
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December 22, 2015, 09:52:36 PM |
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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....
We can't compare gold with Bitcoins ,logically. Gold we see it glitters shine, we wear it too but at the same time Bitcoins is a digital money. Its price rises and goes down too.now the price is little down but it will gain the market again. Gold values will not be decreased in the future. Why will gold values not be decreased in the future? I think due to inflation the gold price may go down. Increasing world population leading to more demand for gold. Increasing energy costs driving up mining costs (except for recent energy price blip) All that quantitive easing money floating around will look for a safe haven during the next crash. |
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suda123
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December 23, 2015, 02:22:10 AM |
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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.
uhhh if there was a nuclear war or natural disaster no one would give shit about currency, it's about food and guns, I will shoot you and take your gold. Read any economic dystopian collapses, people traded there gold for Bic Lighters and ammunition. |
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Amph
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Activity: 3206
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December 23, 2015, 08:40:56 AM |
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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.
uhhh if there was a nuclear war or natural disaster no one would give shit about currency, it's about food and guns, I will shoot you and take your gold.Read any economic dystopian collapses, people traded there gold for Bic Lighters and ammunition. why the gold? i'll take directly your foods and everything else, if i'm starving, gold would be useless at that point, only foods and water would matter and girls for fun activity, if you know what i mean... |
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Hashminers
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December 23, 2015, 08:56:48 AM |
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Well for me I will just hold bitcoin, because is easier than gold. At least for me, but you can also do both that is not wrong after all.
Just choose wich makes more profit for you. Holding bitcoin have more potential than gold the problem is you never know what will happen.
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ThunderThomas
Full Member
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Activity: 210
Merit: 100
fastdice.com The Worlds Fastest Bitcoin Dice
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December 23, 2015, 10:28:33 AM |
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Always for bitcoin, because if you want to be lazy and just sit in your pc and earn bitcoin and hold is the best way to do.
Also gold is not really profitable in the future, bitcoin is the most profitable if you ask me.
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Rizky Aditya
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December 23, 2015, 01:10:31 PM |
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Always for bitcoin, because if you want to be lazy and just sit in your pc and earn bitcoin and hold is the best way to do.
Also gold is not really profitable in the future, bitcoin is the most profitable if you ask me.
Exactly. Bitcoin is a much better investment compared to gold. But gold still had much more investments compared to bitcoin. |
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n2004al
Legendary
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Activity: 1134
Merit: 1000
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December 23, 2015, 01:53:15 PM |
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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?
I have not found such data but as for me, I think that the holders of gold must be extremely much more compared to them who hold bitcoin. Bitcoin has only 6 years life. It is know much more few compared to gold. Gold was a precious metal (and considered as such) since the old times. So it was requested since thousand years ago. I think cannot be comparison. |
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Chrismeister
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December 23, 2015, 02:26:05 PM |
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I choose for bitcoins so I prefer holding bitcoin for the future that gold.
But for now I am just happy to be like having 1 bitcoin to hold. Fiat money is still okay to use.
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Hallseplex
Member
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Activity: 61
Merit: 10
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December 23, 2015, 03:15:42 PM |
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Holding both I think that would be fine I don't have experience with gold, but I think bitcoin is better to hold that gold.
For me bitcoin would be the number one choice to hold, because in can increase more than 100%
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knowhow
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December 23, 2015, 06:34:05 PM |
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With the current financial problems ,what people can do to protect their portfolio?Some people would invest at gold,others at bitcoin ,but well both of them will worth more in a near future,but gold will always be the first choise,since we can show it and have it ,people see ,bitcoins with such potencial is hidden in the air as i read ,some sentences before.But in the future people will stop buy gold as the financial problems are getting bigger instead soo in the next years we will a bigger offer and a lower demand into gold.
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bitart
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December 24, 2015, 12:00:26 AM |
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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....
We can't compare gold with Bitcoins ,logically. Gold we see it glitters shine, we wear it too but at the same time Bitcoins is a digital money. Its price rises and goes down too.now the price is little down but it will gain the market again. Gold values will not be decreased in the future. Why will gold values not be decreased in the future? I think due to inflation the gold price may go down. Increasing world population leading to more demand for gold. Increasing energy costs driving up mining costs (except for recent energy price blip) All that quantitive easing money floating around will look for a safe haven during the next crash. Partially true, but if the world is in nearly peaceful situation, people usually sell their gold and start to invest their fiat in something more profitable. This makes the price of the gold to decrease, which motivates people to sell more gold because of the decreasing price. But as soon as there is a bigger war somewhere, people stop their investments, liquidates their things to buy gold, because it's smaller to hold in somewhere but the value is higher. It makes the gold price to start to go up, so other investors who just want to make profit out of the price raise will start to buy gold as well. Bitcoin is much more volatile and it's harder to predict the price for the. future. |
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Newmba
Newbie
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Activity: 57
Merit: 0
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December 24, 2015, 12:14:10 AM |
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BTC has way more volatility, it can't be compared to gold
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Yakamoto
Legendary
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Activity: 1218
Merit: 1007
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December 24, 2015, 12:23:15 AM |
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The difference between gold and Bitcoin is that Bitcoin is incredible volatile as an investment right now, and as such there is room for growth but there is also room for your savings to diminish.
Gold is a fairly stable asset that has a high likelihood of retaining its value over time, and thus is a better investment if someone is interested in keeping their wealth stable.
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Sir_lagsalot
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December 24, 2015, 12:40:26 AM |
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Less than 1%. Waaaay less than 1%. Gold is much more stable, with a miniscule chance of loss. Bitcoin is a "higher risk, higher reward" kind of thing. It's volatile, but it's current trend is up.
Maybe give bitcoin a few years, and it'll reach somewhere near 50%? You really can't say at this moment.
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The Sceptical Chymist
Legendary
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Cashback 15%
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December 24, 2015, 12:47:03 AM |
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If I haven't mentioned it already, you cannot make shower fixtures, faucet handles, and eggs out of bitcoin. The super rich have always used gold as a store of value and for its physical beauty. That pie chart that was posted here says it all, and I have no doubt it's accurate. Many people own gold in some form, whether it's in the form of coins, jewelry, fountain pen nibs, or whatever, and only a tiny sliver own bitcoin.
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strayanbit
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December 24, 2015, 12:50:31 AM |
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As alluded to above, gold and bitcoin are incomparable. Think of bitcoin as Kanye West, is he for real?
and gold as Beethoven... time is yet to tell whether people will still listen to Kanye in 50 years, but you can be sure Beethoven will still have about the same following as he does now.
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iv4n
Legendary
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Activity: 3136
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December 24, 2015, 02:10:39 AM |
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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.  I knew there is a big difference, but I didnt imagine its so big. Gold will always be gold in my opinion and it will be something for showing. I know many people compare bitcoin with gold, but I dont. I see them totally different, and for me bitcoins are much better then gold. I dont like shiny things, and gold is something that many people die for in past, btc have a different story. I never had gold, and for me answer on this topic is very simple, BTC ruls in anyway, no matter what this graphic show. |
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BeGoods
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Activity: 1372
Merit: 1008
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December 24, 2015, 04:57:45 AM |
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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....
We can't compare gold with Bitcoins ,logically. Gold we see it glitters shine, we wear it too but at the same time Bitcoins is a digital money. Its price rises and goes down too.now the price is little down but it will gain the market again. Gold values will not be decreased in the future. nope, I think we can compare it from a certain aspect, we will compare them as an example, who's the best investment? I certainly would choose bitcoin |
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OROBTC
Legendary
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Activity: 2912
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December 24, 2015, 05:01:11 AM |
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Gold and Bitcoin are in "different spaces". They really ought not be compared. They are complementary!
Wise investors usually choose to diversify. Gold and BTC move relatively independently of each other, and so both are perfect diversifications if you do not fully trust the financial system.
How much of each to own is a personal decision. I own more gold than BTC.
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