The Real Reason to Hold Gold And Bitcoin

[AjithBtc]

In my locality people were quite familiar with gold rather than bitcoin. So for all sorts of emergency requirement I cannot use my bitcoins, so I used to hold gold and for a long profiting I used to hold bitcoin. People give much value to gold, as they haven't known much about bitcoin and it's growth.

[rngkll]

Gold or bitcoin are both the same form of investment that is very good and very profitable.
 I think if we can invest gold or bitcoin. It will be a huge investment in the long run.

i think gold is good for saving. while bitcoin is good for investment. in fact most of the people have no idea about bitcoin and therefore they are giving preference to gold and they want to save their money in some trusted place and to them gold is more trusted to for saving money. but i am sure that when they will start knowing about the importance of bitcoin they will withdraw their money from gold and will invest here n bitcoin for increasing their investment.

Gold is good for saving it is true but just think if a person will save his money in bitcoin then it will bring double profit to that person because he will save his money and at the same time he will earn profit with that saving when the price of bitcoin will increase.

People do not realize that Gold been around for a very long time and Bitcoin just began placing its foot into the currency game. People also should realize that once the dollar gets cheaper or once more people want Gold the price of Gold will move much faster than how the volatility of Bitcoin is right now.

Gold has no intrinsic value besides it's scarcity. BTC and Crypto hold the value of having the potencial of changing the paradigm of world economics.

[South Park]

That is only some of the reasons, I think most members of the forum have more real world reasons to hold bitcoin, bitcoin is simply one of the best investments that you can make at this moment and with that in mind many will prefer to hold bitcoin, over holding fiat that keeps devaluing at a faster rate than the one the news and the governments state.

[bitcoinvestor]

Gold is an old investment that we all trust that the price will be high but bitcoin is new era of investment. It is different between gold and bitcoin. Why should invest in both? I agree to invest in gold and bitcoin. But for now, I prefer bitcoin because we can exchange in many exchanger. Gold to but I enjoyed bittrex and in bittrex no gold. If there is gold I may invest in gold.

[South Park]

Gold is an old investment that we all trust that the price will be high but bitcoin is new era of investment. It is different between gold and bitcoin. Why should invest in both? I agree to invest in gold and bitcoin. But for now, I prefer bitcoin because we can exchange in many exchanger. Gold to but I enjoyed bittrex and in bittrex no gold. If there is gold I may invest in gold.

Another problem with gold that I have found, is that if you try to sell it most of the time people don't want to pay the price of the market for it, they always try to haggle and that is something I don’t like with bitcoin this is not the case, you can create an account in local bitcoins and sell for a premium and people pay it, so that is another advantage of bitcoin.

[Mbokani]

This arguement is easy to solve we all need to hold bitcoin as you can see the bitcoin now is hitting the 2018 prediction which is 2500$ in 2018 meaning bitcoin has a big potential coin,,,,Gold tho it is not decentralized it is the gold that every rich have but the price of it are too slow to move/improve.

If you evaluate something because of volatility then it is really hard to compare the two,bitcoin is having a good rally now and gold had a good rally in the past where it soared almost 6 times its initial value in a few years and now it is stable for some time,it is time for bitcoin to make the move and there will be a time when bitcoin is stable.

[radjie]

With us set aside our income and can be used as gold or bitcoin both can play an important role as we save by spending our money to be gold so in the future time the value of gold will increase so that gold can make us how to make investments using goods Namely gold, As well as the role of bitcoin to be used as an investment because in the future time bitcoin value will soar even though at this time I think bitcoin value is higher than gold so the future will experience the same thing, Then by the way we hold the bitcoin or gold that we have today then in the future to come its value will be much higher.

[batang_bitcoin]

That is only some of the reasons, I think most members of the forum have more real world reasons to hold bitcoin, bitcoin is simply one of the best investments that you can make at this moment and with that in mind many will prefer to hold bitcoin, over holding fiat that keeps devaluing at a faster rate than the one the news and the governments state.

There's no need for "more real world" reasons to hold bitcoin. We are in bitcoin forum so the dominance will go to bitcoin. But also there are gold enthusiasts and investors that managed to get focus with other investments such as bitcoin because it has the same feature like bitcoin.

[zedicus]

The real reason why you will be needing to hold bitcoins and gold for a long time is for financial ofcourse,gold is very good for long term investment also bitcoins is good for long term investment but gold for long term is far more better

[Lumada]

The real reason why you will be needing to hold bitcoins and gold for a long time is for financial ofcourse,gold is very good for long term investment also bitcoins is good for long term investment but gold for long term is far more better

Both were good for future growth, i only have btc now but in time im also wanting to hold gold, gold were too hard too obtained but its all worth it.

[gabmen]

The real reason why you will be needing to hold bitcoins and gold for a long time is for financial ofcourse,gold is very good for long term investment also bitcoins is good for long term investment but gold for long term is far more better

Both were good for future growth, i only have btc now but in time im also wanting to hold gold, gold were too hard too obtained but its all worth it.

Indeed. Although gold is as good as long time investment as btc, it the challenge of getting gold is what makes it preferable.for most people to sway investments to.btc. for security, gold is proven to be consistently a good investment for a long time but the future rigjt now is in digitsl currencies. If you would have a way to acquire.gold then good for you.

[ArnoldChippy]

In my locality people were quite familiar with gold rather than bitcoin. So for all sorts of emergency requirement I cannot use my bitcoins, so I used to hold gold and for a long profiting I used to hold bitcoin. People give much value to gold, as they haven't known much about bitcoin and it's growth.

in most of the area people have good idea about Gold because gold is present from a long long time. but now the popularity of bitcoin s also increasing and very soon its popularity will even reach to the backward countries where people have limited opportunities of using moblne and internet.

[Omega Weapon]

Gold and Bitcoin makes a great combination. Gold is one of the least risky investments, and although the returns can be low, there is a good chance that you will never get a negative ROI. On the other hand, Bitcoin is an extremely risky investment, and no one can predict the future exchange rates. An ideal investment option would be 75% gold, and 25% BTC.

In the aggregate gold does not lose money and does not earn money, gold is a way to store the value of your money, and in the long run gold is very good at that but like any other thing sometimes gold can become overvalued or undervalued, we have seen this process in the history of mankind, there were places long time ago where gold and silver were exchanged at the same rate.

[Hatuferu]

In my locality people were quite familiar with gold rather than bitcoin. So for all sorts of emergency requirement I cannot use my bitcoins, so I used to hold gold and for a long profiting I used to hold bitcoin. People give much value to gold, as they haven't known much about bitcoin and it's growth.

in most of the area people have good idea about Gold because gold is present from a long long time. but now the popularity of bitcoin s also increasing and very soon its popularity will even reach to the backward countries where people have limited opportunities of using moblne and internet.

Bitcoin is new and majority have no idea about it, but if they will discover how profitable bitcoin is, it will give them a clear mind
to choose bitcoin over gold. The simple realization is on it's purpose, how can the gold help people in their daily lives, bitcoin can help us.
it's good to consider a thing as precious if it has more usage and can help the people.

[Md Saad]

it's very simple...
I'm telling my own view, I just want to hold bitcoin for the future purpose, I want to get double amount of money from today's investment, day by day bitcoin is getting popular and lucrative investment sector, I hope it will be a profitable investment in the future...

[BobK71]

So here's the problem with this alliance.  When financial asset values collapse (and this day will come, due to the incentives faced by the elites) and everyday people suffer, the politicians will put all the blame on the bankers.  The reasons are obvious (and there is no loyalty in that game,) and the politicians are going to win that argument.  The biggest such events in history include the Spanish Inquisition and the Nazi Holocaust.  In our day, politicians like Bernie Sanders and Elizabeth Warren have already gone after the bankers.

Which financial assets are you referring to?  And what would be the catalyst for such a collapse?

It's impossible to tell in advance, but it will be some asset based on state-issued money or debt.

Just to name the most major collapses (at global-empire level) in the past: for the Spanish and Dutch empires, it was sovereign debt.  For the British empire, it was paper money redeemable for gold.  For the Great Depression, it was first US stocks, and then the Western banking system.  For the 2008 crisis, it was mortgage-backed securities.

The exact timing, asset class and catalyst are hard to predict because hot money and state power chase and promote different assets at different times, which make for complex dynamics.  But both logic (based on the incentives for the elites to destabilize their own system) and history indicate a collapse is eventually inevitable.

Ron Paul has also been publicly against the current monetary system.

Also, at the moment just to put this into perspective, Bitcoin has a market cap of 46 billion USD.  QE3 was printing 80 billion USD / month.  So at the moment, the fiat system could easily swallow up the market (obviously if they did this, the price would rise significantly, but you get the point).  When you have the ability to create as much USD as you want, you can potentially purchase significant portions of cryptocurrencies.

Yes, the relatively small market cap of Bitcoin is a good argument to buy at this point.  But never put all your eggs in one basket.  In the scenario of imperial collapse, you still don't know which non-state asset will be used by the elites to stabilize their system.

[TastyChillySauce00]

Gold and Bitcoin makes a great combination. Gold is one of the least risky investments, and although the returns can be low, there is a good chance that you will never get a negative ROI. On the other hand, Bitcoin is an extremely risky investment, and no one can predict the future exchange rates. An ideal investment option would be 75% gold, and 25% BTC.

In the aggregate gold does not lose money and does not earn money, gold is a way to store the value of your money, and in the long run gold is very good at that but like any other thing sometimes gold can become overvalued or undervalue, we have seen this process in the history of mankind, there were places long time ago where gold and silver were exchanges at the same rate.

The price volatility of gold is rather low so it's kinda normal. as you say, gold is an effective way to save up your money in form of thing which will always hold it value over time and definitely better than saving up in form of fiat which the government themselves always print the money and make the value decreasing.
Though even if the gold have ever undervalued as you say, it's now already proven to keep its value high until now from centuries ago, it'll be alright and safe.

[Afnan_faizah]

Probably the main reason is to gain profit, people have so many reasons to hold bitcoin and gold. Banks also buying a lot of gold,  this will makes the price of gold rise.

[zoelhack]

Because the currency is the best right now so I have to hold it, then I have to hold it until it comes time to issue bitcoin and gold. Every day I hear bitcoin is currency, maybe people let it because technology is high nowadays.

[stevano]

I hold back because both are very good for investment platform and very quick to invest your money.Great is a lonterm investment, safe and liquid you want to exchange money anytime anywhere and still good, gold will not fall in price within the next 5 years.