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Author Topic: Holdings of gold vs Holdings of btc  (Read 62725 times)
millgates
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January 20, 2017, 04:11:45 AM
 #561

Gold is finished, gold is dead. Everyone's money should be in btc, ltc doge and vidz.

Gold still has value since it is a precious metal that is used in many industries.
Yes gold will always have value. Bitcoin and gold, each of them have benefit. If I have a lot of money I will choose to holdings of gold but if I only have small amount of money to invest I will choose to holdings bitcoin because the price can be rise really fast.
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January 20, 2017, 04:25:01 AM
 #562

Gold market is a lot older than bitcoin so there is no doubt there are more holders of gold than bitcoin, bitcoin is something that is used by those that are more technological inclined and we tend to be younger because you need to know about technology to understand bitcoin.
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January 20, 2017, 04:54:39 AM
 #563

Gold is finished, gold is dead. Everyone's money should be in btc, ltc doge and vidz.

Gold still has value since it is a precious metal that is used in many industries.
But what if someone finds a way to synthesize it? I've read about bacteria that can produce gold in very small quantities. Also, there may be large pockets of gold just waiting to be found and an emergence of such pocket due to an earthquake for instance might crash the prices. Gold may look like a solid investment, but you never know...

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January 20, 2017, 06:14:16 AM
 #564

Gold is finished, gold is dead. Everyone's money should be in btc, ltc doge and vidz.

Gold still has value since it is a precious metal that is used in many industries.
But what if someone finds a way to synthesize it? I've read about bacteria that can produce gold in very small quantities. Also, there may be large pockets of gold just waiting to be found and an emergence of such pocket due to an earthquake for instance might crash the prices. Gold may look like a solid investment, but you never know...
Nothing is certain in this world, gold may be the most valuable commodity fiat now but the future cannot be predicted and bitcoin has the potential to be very popular and will grow its value. Holding both would be great but if it's not possible, choose the one that you feel would be more valuable in the future. Since, we are positive about bitcoin's future, in that sense, I can always recommend bitcoin.

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January 20, 2017, 07:05:03 AM
 #565

Holders of gold will be more higher than holders of bitcoin. Most countries central bank used gold as capital reserves. Bitcoin is a child before a full growth man compared to gold. Gold has been in existence from the time immemorial and it market value keep on increasing. Bitcoin price from inception keeps fluctuating because of manipulation from major exchangers. But if countries legalize bitcoin in years to come expect it to be the best investment of our time because, of its decentralization.
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January 20, 2017, 07:11:55 AM
 #566

Gold is finished, gold is dead. Everyone's money should be in btc, ltc doge and vidz.

Gold still has value since it is a precious metal that is used in many industries.
But what if someone finds a way to synthesize it? I've read about bacteria that can produce gold in very small quantities. Also, there may be large pockets of gold just waiting to be found and an emergence of such pocket due to an earthquake for instance might crash the prices. Gold may look like a solid investment, but you never know...
Nothing is certain in this world, gold may be the most valuable commodity fiat now but the future cannot be predicted and bitcoin has the potential to be very popular and will grow its value. Holding both would be great but if it's not possible, choose the one that you feel would be more valuable in the future. Since, we are positive about bitcoin's future, in that sense, I can always recommend bitcoin.
Yeah nothing is certain in this world but if you can do some research about things which you were talking about then you could predict its future and getting enlighten about how its future will be going.
holding both might be a disaster because keeping two things in the same time might be really hard, if i honestly better go all in.

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January 20, 2017, 07:22:19 AM
 #567

I still trust holding bitcoin will give more profit. The gold moving so slowly that it made me feel free to continue to buy gold. Instead I sell my gold to buy bitcoin.
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January 20, 2017, 07:35:47 AM
 #568

I still trust holding bitcoin will give more profit. The gold moving so slowly that it made me feel free to continue to buy gold. Instead I sell my gold to buy bitcoin.
You should better learn how to write English more appropriate. Your grammar is terrible. yeah I agree that holding Bitcoin will give an opportunity to earn more profit than holding gold since it is new and helps people a lot. In fact, holding gold is not as profitable as it used to because gold is becoming more stable than ever.

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January 20, 2017, 08:43:42 AM
 #569

There will be no significant differences between holding gold and btc.

The very simple and clear difference is if you hold gold you can be more satisfied as you wont need to be worried if the price will decrease or anything like that might happen while you may not earn too much profit in that.
But if you are holding bitcoins then you will be quite worried as it is volatile but at the end you can comparatively earn more profits than gold.

This suggestion has been given numerous times on this forum. What i feel is both the options are good in some way or the other. What i will suggest invest in both of them and hold both of them too to get the benefit of Gold + Bitcoins.  Of course first you need to have a lot of Fiat to buy considerable amount of Gold or Fiat .

Keep Both  Grin

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January 20, 2017, 09:53:22 AM
 #570

Gold is a valuable material that is store for it value,countries store gold as assets which is highly valuable. it values rises with higher demands which can be use to make expensively jewelries and ornaments. but bitcoin cannot be converted to any physical ornaments like Gold
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January 20, 2017, 11:40:58 AM
 #571

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?

There is a big difference between Bitcoin and Gold. Gold manually is very hard to mine, you will need manpower, machineries, and heavy equipment and lastly millions of capital before having it which is gold. while in bitcoin is not, all you need is laptop or desktop, or if you are can't afford type of a person you can buy bitcoin mining machines. Hassle is free, convenient, secure, and very safe.
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January 20, 2017, 12:20:54 PM
 #572

Most people always believe in what they have and can hold, BTC story to most people is virtual and they find it difficult to believe the story, but for me I will go for BTC because the potential is huge unlike GOld that the price manipulation is killing the price.
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January 20, 2017, 01:03:31 PM
 #573

Most people always believe in what they have and can hold, BTC story to most people is virtual and they find it difficult to believe the story, but for me I will go for BTC because the potential is huge unlike GOld that the price manipulation is killing the price.

yes, there are still many people who think virtual world could not get something more. But if they know about bitcoin I think they would be interested to holding it. examples such as my family are usually investing in gold, after I introduce bitcoin they are interested in and try to buy and hold bitcoin.
 

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January 20, 2017, 03:02:47 PM
 #574

Why do you still doubt the gold? When there is an offer which said a better investment than gold, of course that it is only temporary. Wherever, whenever and however the gold will be accepted anyone.
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January 20, 2017, 03:07:30 PM
 #575

Why do you still doubt the gold? When there is an offer which said a better investment than gold, of course that it is only temporary. Wherever, whenever and however the gold will be accepted anyone.
Its good to hold gold for long time that is really profitable because the value of it increases as time passes by but it will take a long time, its good asset to keep. btc is good to hold as well i earned recently because of the price high its really worth it.

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January 20, 2017, 03:21:22 PM
 #576

Most people always believe in what they have and can hold, BTC story to most people is virtual and they find it difficult to believe the story, but for me I will go for BTC because the potential is huge unlike GOld that the price manipulation is killing the price.

yes, there are still many people who think virtual world could not get something more. But if they know about bitcoin I think they would be interested to holding it. examples such as my family are usually investing in gold, after I introduce bitcoin they are interested in and try to buy and hold bitcoin.
 
Honestly its not easy to introduce bitcoin by many people because some people are thinking that bitcoin is scam so not a bright idea if we just introduce bitcoin for the price increase they are looking for a good benefits i think the basic one is introduce bitcoin that it is the fastest way to send money world wide than remittances so that they know the advantage.. also here in my country we can use bitcoin to pay for our bills like electric bill or internet bill or any house bills. .
The part in gold is good for those who can buy many golds the interest is stable but it is not so safe if you are just holding it in your house..
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January 20, 2017, 03:31:58 PM
 #577

The number of gold holders is obviously higher than the number of bitcoin holders. There are 2,5 millions of people who use bitcoin, but not everyone keep their money in this crypto currency, many people just make bitcoins and cash it out to cover their costs. So let's say that there is just 1 million of people who invest in bitcoin with expectations and many millions of people who keep their extra money in gold, cause of it's more stable.
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January 20, 2017, 09:42:01 PM
 #578

The number of gold holders is obviously higher than the number of bitcoin holders. There are 2,5 millions of people who use bitcoin, but not everyone keep their money in this crypto currency, many people just make bitcoins and cash it out to cover their costs. So let's say that there is just 1 million of people who invest in bitcoin with expectations and many millions of people who keep their extra money in gold, cause of it's more stable.

Where did you come up with that 2.5 million figure? Do you have any proof to back that up. I think its much lower. Maybe around 1 million bitcoin holders or less.

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January 21, 2017, 06:59:09 AM
 #579

Most people always believe in what they have and can hold, BTC story to most people is virtual and they find it difficult to believe the story, but for me I will go for BTC because the potential is huge unlike GOld that the price manipulation is killing the price.

yes, there are still many people who think virtual world could not get something more. But if they know about bitcoin I think they would be interested to holding it. examples such as my family are usually investing in gold, after I introduce bitcoin they are interested in and try to buy and hold bitcoin.
 
Honestly its not easy to introduce bitcoin by many people because some people are thinking that bitcoin is scam so not a bright idea if we just introduce bitcoin for the price increase they are looking for a good benefits i think the basic one is introduce bitcoin that it is the fastest way to send money world wide than remittances so that they know the advantage.. also here in my country we can use bitcoin to pay for our bills like electric bill or internet bill or any house bills. .
The part in gold is good for those who can buy many golds the interest is stable but it is not so safe if you are just holding it in your house..
Yes indeed, it is difficult to introduce bitcoin to those who are indeed rarely active on the internet and them that never earn money from the internet.
but some of my friends are usually playing online business will be easily understood when I introduced bitcoin. and about my family why they believe? because I have been guaranteed that at least will make a profit.

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January 21, 2017, 07:13:38 AM
 #580

The number of gold holders is obviously higher than the number of bitcoin holders. There are 2,5 millions of people who use bitcoin, but not everyone keep their money in this crypto currency, many people just make bitcoins and cash it out to cover their costs. So let's say that there is just 1 million of people who invest in bitcoin with expectations and many millions of people who keep their extra money in gold, cause of it's more stable.
actually no one know the history of gold that from where it started, but bitcoin a new currency just a history of 7 or 8 years. i think still not more that 1% people are using bitcoin, but if we look the adoption graph i think bitcoin users are increasing day by day and hope that very soon the number of bitcoin holder will exceed the number of Gold holder. and the main reason is that bitcoin price is increasing and giving so many other opportunities of making money.
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