Holdings of gold vs Holdings of btc

[Sled]

I would always choose to hold gold instead of bitcoin. Gold's value is and always will increase, slowly but steadily. Bitcoin values is fluctuating.

I can't agree fully. Gold always had a value, since there was human kind, but it's not true that price of the gold is always increasing. It has its ups and downs like every other good and I remember some time about two years ago when gold price was realy down.
My choice is Bitcoin because I find it more profitable and more convenient but I admit it's risky choice.

Yup my choice is also Bitcoin for some certain reason like decentralized, more convenient to hold, and much profitable if you are smart enough to analyze the trend and its value before you sell. Possessing Gold could be easily robbed by somebody planning for bad intentions, and its value took more years to yield good interest.

There is much more security keeping gold. However, bitcoin will definitely give much more value from what we have seen so far in ROI than gold if compared as investment.

It doesn't matter about the security of those two because either of those two has its own risk in keeping or holding and it is all up to the holder or the person if he will put a lot of security in holding bitcoin and gold or not. The only thing that matters here is the profit that they can get and for me, it is better to take the high risk of bitcoin since it is fast growing.

[rhomzkie26]

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?

Bitcoin and Gold should not be comparable because they are different in character and competence, though they are similar in nature which  they have both value, but in bitcoin they can also be monetized so much faster and it's easy to earn money compared to Gold because gold is for only rich people who are able to earn a large amount of money,  unlike in bitcoins even when it's hard for a person to have a great deal of money, still they have chances to have a big profit into bitcoin.

[boriss3]

Gold marketplace is a great deal older than bitcoin so there is no doubt there are much more holders of gold than bitcoin, bitcoin is some thing that is used by individuals that are more technological inclined and we have a tendency to be young since you need to have to know about technologies to recognize bitcoin.

[dancingnancy]

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?

Gold does not lose value as such, whereas Bitcoin is volatile.Gold is also acceptable by many sources anywhere for quick transfer to cash, whereas converting bitcoin is a bit of a hassle.So in the long run gold is a promising investment whereas bitcoin is a means of earning quickly over a short span of time.

[Flodemaga]

Dollar is having a huge pression over it on the last years, maybe they have already a bubble, but still strong for now, gold were used in the past as currencie, it changed to store of value, but it had already raised the much it could, since its a regulated market and controlled by the countries. For other side we do have bitcoin decentralized and doing amazing scores into the last 7 years, sure bitcoin isnt material, because it makes no sense waste resorces to produce bitcoin as money, it would compete with fiat and maybe start a war. On the last 7 years its pretty clear bitcoin is being the best investment option with better return, soo im sorry gold your time has gone already.

[balakang00]

The price of gold will never be the same as bitcoin, maybe now they are at same price but in the future gold is more valuable than bitcoin. The value of gold is proportional to time unlike bitcoin its value depends upon the people investing to it and it can may be ban to some countries.

[reynilynedago]

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?

For me  holding gold and btc is same good becuase gold and bitcoin continiously to rise and increase the value so that's why gold and bitcoin are same but if we talk about most profitable , bitcoin is good.

[anklas]

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?

For me it is hard to compare both because gold is a literal gold that we could hold and wear while bitcoin is virtual we can keep it on wallets but we cannot hold or wear them. Holdings of both are good investments because as years go by the value becomes higher and that is advantage to the investors.

[STT]

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?

Gold does not lose value as such, whereas Bitcoin is volatile.Gold is also acceptable by many sources anywhere for quick transfer to cash, whereas converting bitcoin is a bit of a hassle.So in the long run gold is a promising investment whereas bitcoin is a means of earning quickly over a short span of time.

The user base of gold is everybody in the world almost.   The reason being every central bank of every country holds some gold, the implication being the FIAT money issued is in some way backed by that governments ability to settle trade in gold should it be required.

Obviously some banks have issued too many notes and have too much debt vs their holdings of gold.   In theory those countries have weak currency and citizens may see assets snapped up foreigners easily able to afford local costs.


Anyway I was going to disagree that gold is quicker to transfer.   Bitcoin should have the advantage in trade and also cost to reassign ownership of.   Gold has to be assayed each time in theory, if coins are minted and backed then maybe its more likely but most will want to check anyway and that means a slow trade.   The whole checks thing is the IP of bitcoin and its relatively fast, they just need to make it more efficient and less hassle away from hash codes and all sorts
Bitcoin is the trading currency and if anything gold is indirect asset to any worth, as said above banks issue notes against it roughly.   This year I have been taking profits into gold but so far the growth has been in crypto but I see gold as cheap vs dollar and potential for USA to raise interest rates above inflation, they are severely restricted in any policy

[Maslate]

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?

For me it is hard to compare both because gold is a literal gold that we could hold and wear while bitcoin is virtual we can keep it on wallets but we cannot hold or wear them. Holdings of both are good investments because as years go by the value becomes higher and that is advantage to the investors.

If you have experience holding both then I guess we can compare, actually it's hard to hold gold since it's a very expensive investment unlike
bitcoin where we can easily have it anytime we want. The good thing with bitcoin is that even a very small time person can invest as long as he has big
dreams in his life.

[robchch]

Hard to know who has gold. There is no world gold register unlike a share register. We know there are millions of BTC wallets but a lot of them are empty. It is likely bitcoin will become the new gold. You can carry it around with you but unlike gold you can safely send to someone else on the other side of the world quickly and in any amount. I know people who have sold all their gold and put it into bitcoin, believing it to be a better store of value. Obviously right now there are more gold investors than bitcoin investors, but I think that will change in the future. Gold may cease to the safe haven asset and dramatically lose value in the future as people sell it to buy BTC.

[oneyesoneno]

Definitly Bitcoin. Even if there is a apocalypse, I don’t think that every single Server in the Bitcoin network is going down. As long as this isn’t hapenning my Bitcoins are safe. Nobody should be able to steal it as well.

With gold on the other hand, a lot of people are trying to get some gold in their hands when a apocalypse has happened. I mean Dollar, Euros and anything else is gonna be worthless and gold would be the “fall back currency” aside of the classical bartering.
Your Bitcoins would be safe stored / locked away. The only question is, how much will a Bitcoin worth after a apocalypse? And does anybody accept this currency for exchange / trading then?

[Sled]

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?

For me it is hard to compare both because gold is a literal gold that we could hold and wear while bitcoin is virtual we can keep it on wallets but we cannot hold or wear them. Holdings of both are good investments because as years go by the value becomes higher and that is advantage to the investors.

If you have experience holding both then I guess we can compare, actually it's hard to hold gold since it's a very expensive investment unlike
bitcoin where we can easily have it anytime we want. The good thing with bitcoin is that even a very small time person can invest as long as he has big
dreams in his life.

Bitcoin is very affordable to all of the people even they have a small amount of money because they can easily buy a small portion of bitcoin for their investment. Bitcoin and gold are almost the same in terms of having a deflation opportunity which it helps you to earn more money as the years goes by but bitcoin is still better because it can give you big profits in a shorter period of time while gold needs or requires a lot of time.

[Klausi]

The price of gold will never be the same as bitcoin, maybe now they are at same price but in the future gold is more valuable than bitcoin. The value of gold is proportional to time unlike bitcoin its value depends upon the people investing to it and it can may be ban to some countries.

Both are good for investments but i would prefer to keep the gold than bitcoin if i have to choose because in times of catastropes like world war III in which all computers and communications will shutdown including the internet we cannot be able to use bitcoin anymore for sure and afraid it will may lost the price value or our records of it unlike the gold we could carry and keep it always physically and sell or trade it for our survival instantly.

[rickadone]

I wonder if bitcoin and other digital currencies are actually worth this much or if we are just in an insane half a year bubble? I think the answer is the technology is worth more than gold or traditional currencies because the processing speed is ~10 minutes or less. Modern technology always has the advantage then classical. But maybe not as much as its currently valued.With these features: Decentralised, limited supply, borderless, low fee, censorship resistant, secure, trustless, pseudonym, portable, scalable, programmable, irreversible transactions, impossible to counterfeit.  I will chose holding btc.

The technology and the values it brings like you said is the main thing we are really buying into right now. This is how it should normally be until some set and caliber of people came to centralize the whole thing so as to just keep some as slaves to their screwed up fiat but bitcoin came to liberate us all and I would not prefer it more than gold. Let the gold asset manager that spewed rubbish recently keep his gold to himself.

[Gotumoot]

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.

Gold is traditional currency in the history it is use for trading goods and other materials. Gold is better than bitcoin, because gold exists in very long long time but coins exist year 2010 i think. The big difference is the price of bitcoin compare to gold. But gold has lot of resources compare to bitcoin.

[Kisanaq]

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.

Gold is traditional currency in the history it is use for trading goods and other materials. Gold is better than bitcoin, because gold exists in very long long time but coins exist year 2010 i think. The big difference is the price of bitcoin compare to gold. But gold has lot of resources compare to bitcoin.

Gold has been used and liked everybody since thousands of years ago, I think gold is good for us to use long-term investment because it is more secure and more stable price than any investment, otherwise if we need money quickly then we can mortgage gold.

[cotton ball]

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.

Gold is traditional currency in the history it is use for trading goods and other materials. Gold is better than bitcoin, because gold exists in very long long time but coins exist year 2010 i think. The big difference is the price of bitcoin compare to gold. But gold has lot of resources compare to bitcoin.

one weak point of gold is that they do not work as currency, bitcoin has many roles and surpasses them in a complex way, if gold serves only as a long-term asset, then bitcoin works as a profit machine every day with many businesses on offer. Today we are required to see income opportunities from various sources, gold is something that is out of date.

[blckhawk]

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.

Gold is traditional currency in the history it is use for trading goods and other materials. Gold is better than bitcoin, because gold exists in very long long time but coins exist year 2010 i think. The big difference is the price of bitcoin compare to gold. But gold has lot of resources compare to bitcoin.

It is true that gold is better than bitcoins yet is more trustwothy than bitcoin but we haven't see the true powers of bitcoin. It is true that gold is better than bitcoin because gold exist in very long time yet it is risky to invest in bitcoin but if we remember, the higher the risk the higher you will get. I guess we shouldn't compare those two because every one of them have their own advantages and disadvantages.

[manselr]

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.

Gold is traditional currency in the history it is use for trading goods and other materials. Gold is better than bitcoin, because gold exists in very long long time but coins exist year 2010 i think. The big difference is the price of bitcoin compare to gold. But gold has lot of resources compare to bitcoin.

one weak point of gold is that they do not work as currency, bitcoin has many roles and surpasses them in a complex way, if gold serves only as a long-term asset, then bitcoin works as a profit machine every day with many businesses on offer. Today we are required to see income opportunities from various sources, gold is something that is out of date.

The main point of gold is not to act as a currency but as a store of value, and when compared to Bitcoin, Bitcoin it's the better store of value irrelevantly to the currency part. You can teleport you wealth. See gold is ok, but who trusts a gold cert, and you can't teleport gold or make in invisible / weightless and carry x million through the airport. Cashing in gold is kinda hard also, or unsing it as a means of exchange.