The Real Reason to Hold Gold And Bitcoin

[stompix]

Bitcoin is emerging as the "digital gold". We've seen e-gold and now c-gold trying to do this, but both failed either getting shut down by the government or a lack of popularity because they're not decentralized and ultimately, nobody can prove that they actually hold the gold. Bitcoin solves all these problems.

What problems has bitcoin solved?
Bitcoin is backed by the faith of the users. Don't even start with the math stuff.

If the users abandon bitcoin (worst case scenario) bitcoin would be worthless.
If people stop hoarding gold, gold will still have a value as it still has use in our daily life.

Bitcoin is strong as long a we don't cause ourselves a major f*up.
And the whole core drama is pointing we're damn close.

[AK47-]

Bitcoin is emerging as the "digital gold". We've seen e-gold and now c-gold trying to do this, but both failed either getting shut down by the government or a lack of popularity because they're not decentralized and ultimately, nobody can prove that they actually hold the gold. Bitcoin solves all these problems.

What problems has bitcoin solved?
Bitcoin is backed by the faith of the users. Don't even start with the math stuff.

If the users abandon bitcoin (worst case scenario) bitcoin would be worthless.
If people stop hoarding gold, gold will still have a value as it still has use in our daily life.

Bitcoin is strong as long a we don't cause ourselves a major f*up.
And the whole core drama is pointing we're damn close.

Bitcoin and gold should not be compared. They are different in many aspects. Bitcoin like any other currency runs on faith. There is nothing wrong in that too. All the present currencies be it fiat or virtual have value only because people have faith in them. Regarding that UASF drama. We should wait to see the result.

[SaShiRaJaVu]

Bitcoin and gold should not be compared. They are different in many aspects. Bitcoin like any other currency runs on faith. There is nothing wrong in that too. All the present currencies be it fiat or virtual have value only because people have faith in them. Regarding that UASF drama. We should wait to see the result.

It is really strange to hear that the price of bitcoin runs on faith. How do you establish this faith and how can a faith could increase the price of bitcoin or other currency,we have these scaling drama because it is a decentralized platform and no single entity could take the decision.

[chichan13]

I think both are good investments. Both have huge whales, but so does everything else to be honest. At least with bitcoin whales have no control over total supply and it is fixed.

With gold... what if huge mines are found? or some asteroid once we have advanced technology? that makes me a bit worried for the long term.

I would also rather have people that just bought BTC cheaply because they liked the idea rather than some warlords that stacked tons of gold through centuries.

Actually, there are lot of people who hold their bitcoin and gold because of the price. I think the price of bitcoin and gold will rapidly increase day by day in the near future.Furthermore, holding bitcoin and gold is nice strategy to get a high profit. I hope gold and bitcoin will increase the price in the future.

[AngelSky]

Bitcoin and gold should not be compared. They are different in many aspects. Bitcoin like any other currency runs on faith. There is nothing wrong in that too. All the present currencies be it fiat or virtual have value only because people have faith in them. Regarding that UASF drama. We should wait to see the result.

It is really strange to hear that the price of bitcoin runs on faith. How do you establish this faith and how can a faith could increase the price of bitcoin or other currency,we have these scaling drama because it is a decentralized platform and no single entity could take the decision.

Bitcoin or Gold both are best stock in the world as much knowledge. Price is bump and dump will changes consistently, if bitcoin adopted in as technology or in finance wise. We will see bitcoin is like gold in some years as gold. Many banks will start bitcoin to sell for fiats.

[energycom]

To protect your capital against high inflation taking place in world economy.

[Peashooter]

The real reason is that they have limited supply, and people want them. (people may not want bitcoin in the future btw) People always want gold and they want to gather as much as possible in their lifetime. It is the only solid asset which holds its true value through the centuries.

The real reason why some people hold their bitcoin and gold because there’s a possibility that the price will increase in the near future .Furthermore, Holding is nice strategy if you want to get a high profit. Lastly, bitcoin and gold has a high value in the market so that some people hold it and they wait the right time when the price is rapidly increasing.

[Novun]

What is the point of holding Gold? Gold is simply hedging out the Sock market. If the stock market does well Gold will stagnate. If a financial crisis hits everyone will buy gold. No point holding Gold until that point in my opinion.
Did anyone who said holding gold is good actually looked at a gold price chart? Gold doesn't even track inflation which means you are loosing money if you invest in gold long term. If you want super safe investing either invest in low yield bonds or peer to peer lending.

[Gotottack]

What is the point of holding Gold? Gold is simply hedging out the Sock market. If the stock market does well Gold will stagnate. If a financial crisis hits everyone will buy gold. No point holding Gold until that point in my opinion.
Did anyone who said holding gold is good actually looked at a gold price chart? Gold doesn't even track inflation which means you are loosing money if you invest in gold long term. If you want super safe investing either invest in low yield bonds or peer to peer lending.

Gold is still the primary commodity that backs up most fiat currencies. That means that governments trusts gold still. That dollar in your wallet, that has an equivalent value in the gold reserves in your country. That's how it works and that is why people still believe in gold. Gold might not be profitable in the long run but it is stable as it can be.

[kpcian]

This is very simple to answer, why people hold gold or bitcoin? Answer is that people are willing to make profit from this saving, generally people consider it as saving...
So if you have gold then you can get earn profit by that of gold, in Bitcoin the story is alike, so people always looking forward to making profit from savings...

[Fireblade]

Holding for the long term is the safest strategy, but probably not the most porfitable strategy.

If you are willing to take a little risk with short term trading then you can make way better profits with bitcoin than with gold because bitcoin does fluctuate a lot more than gold on a daily basis. $100-200 gains in a day with bitcoin is actually quite common. If you can manage to roughly get your average buy rate under your average sell rate then you are able to make a decent chunk of coinage.

This is only recommended though if you are an experienced trader with at least 5 BTC capital. If not, it's best to as OP said hold bitcoin for the long term as well as some gold, wait for the economic collapse/hyperinflation and you'll be able to liquidate yoru bitcoins for much more.

Gold is very hard to beat, even if bitcoin reaches high prices, and that is due to the fact that bitcoin has an unstable market value and is kind of risky to put a lot of money into (you should only invest money you can afford to lose ), unlike gold which has been around since the dawn of time. Good will always be the superior safe haven asset, because it is stable, but I think it depends on the person, essentially, how long they are willing to wait for their projected growth.

different people have different option. different people choose gold for different purposes, some people like gold to purchase for making jewellery, some people like to trade gold for investment, while other people like to invest money in golf for saving. to me i personally like to invest money in gold for savng but as i lke investment therefore my first choice is trading bitcoin and altcoins.

[stergium]

I think both of this is a good idea to keep it,because it is good and better to our investment and and our better future too.If we hold this both of this someday we can gain a high profit.It can be hold because it is important to us .

yes it can be good to keep them but i think the main reason is that people want it and so the demand is increasing where are the supply is decreasing and so there are more chances that the price of bitcoin will also start increasing. and the demand of bitcoin will continue increasing for a long time, because still there are very little number of people know about the importance of bitcoin and therefore they are not using it, but hope that very soon they will start using it when they will become aware about the importance and usefulness of bitcoin.

[megynacuna]

I think the common reason will be to diversify your investments so that you'll not loose out in your investments long run if one goes wrong. But I don't think Bitcoin will go wrong and likewise gold so they are a good investment.

[wahb]

The real reason is that they have limited supply, and people want them. (people may not want bitcoin in the future btw) People always want gold and they want to gather as much as possible in their lifetime. It is the only solid asset which holds its true value through the centuries.

The real reason why some people hold their bitcoin and gold because there’s a possibility that the price will increase in the near future .Furthermore, Holding is nice strategy if you want to get a high profit. Lastly, bitcoin and gold has a high value in the market so that some people hold it and they wait the right time when the price is rapidly increasing.

in fact that is the  main reason that people are holding bitcoin, they are sure about the price of bitcoin that it will continue to increase in future, they are confident that bitcoin is not going to decrease any more, because people are now giving support to bitcoin if its price decreasing but not letting it down too much. i am sure that we will see the price of bitcoin high and hing in next few months and therefore holding bitcoin is a good decision.

[avikz]

That's true that the world is run by State-bank alliance because our economy is built that way. That's an age old system and a proven one. However, apart from the reasons you gave here, I will add that bitcoin is an incredible investment asset. I have been investing in bitcoin since little over a year and I am already on a huge profit. I have not invested my bitcoins anywhere, I just hold them.

If I compare gold for the same time, it will not even stand in the same row with bitcoin. Gold is a very conventional investment and it has a very stable price. So one can invest in gold, to protect the capital amount. But if you need profit, there is nothing like bitcoin for sure. 

[Omega Weapon]

I think because this investment 2 (bitcoin and gold) is the most promising investment profits in the future, I'm sure both will survive and always a profitable investment than others.

I view it a little bit differently gold was the best investment of the past, bitcoin is the best investment of the present and the future, if you hold both then you have a very effective combination to resist almost any kind of disaster or crisis that it may happen unlike most people out there that are living paycheck to paycheck.

[Pemburu1]

Real reason to hold bitcoin and gold.
I am not very interested in holding it.
I am more interested in holding ground or building houses.
Where the price continues to rise and certainly will not experience losses such as bitcoin or gold.

[voltesbit777]

Gold was already ancient, while bitcoin is not. But I will still go for the bitcoin rather than Gold, because of the volatility,  and unique advantage
of bitcoin such as the features of it like security, decentralization, assets/investment and many more.

[n0ne]

Gold was already ancient, while bitcoin is not. But I will still go for the bitcoin rather than Gold, because of the volatility,  and unique advantage
of bitcoin such as the features of it like security, decentralization, assets/investment and many more.

The growth of gold with a longer history provide people an increased trust over gold rather than bitcoin. Also gold can be used to exchange money to times of emergency due to the increased acceptance and popularity, whereas bitcoin need to sold at times of hard cash requirement. Each has their own reason to hold bitcoin and gold.

[azguard]

Real reason to hold bitcoin and gold.
I am not very interested in holding it.
I am more interested in holding ground or building houses.
Where the price continues to rise and certainly will not experience losses such as bitcoin or gold.

Interesting concept this is truly unique answer that i see.
But why not hold both or just single one Gold or Bitcoin. Some are scared cuz it can downfall a lot in price this is true, but beasty is when you hold and price goes up a lot and you are happy.

Real estate is good business and always will be but sometimes it more risky then just buying gold or bitcoin. In any case where ever you can make profit its good solution.