Bitcoin Forum

Gold is a valuable precious metal, while Bitcoin is a digital coin. But the similarities between them are deep. Both are mined, one physically and the other digitally. But if we look closely at the history of gold, the Bitcoin follows the same pattern of behavior that we have seen in gold.

Prices rose in 1971, when President Richard Nixon announced that the US dollar would not be supported by gold when demand exceeded supply. A major development in March 2003 saw the first ever gold-traded gold trader from the Australian bourse, behind Deutsche Bank. This has caused gold to rise from about $ 20 to $ 30 an ounce to $ 600 an ounce, an increase of 300%.

Before the advent of the first gold trader, it was not easy to invest in gold. But it was easy to buy gold, but at that time, the cost of acquisition and storage was high. But with traded funds, this allowed gold to be owned without actually owning it. Similarly, if the bitcoin trading funds are approved, this may be an important news for developers. The acquisition may be approved by the ETFs as early as 16 August 2018, although nothing has been confirmed so far.

In the past when this happened to gold, we saw a huge increase in the price of gold by 300%. If this happens for developers, this will raise the price tag to $ 60,000, which is expected by some well-known investors. If the price of this form is raised to this level, this will give us a market value of $ 1.26 trillion. So we're looking at 940% returns based on the current price of $ 7,000. As for the yellow metal, it has an estimated market value of $ 8.7 trillion with all the gold extracted.

In the end, investment is not without risk, but if regulation becomes clearer, it may help protect its owners.

how is this even "similar"?!!
gold is a physical thing and the buying and storing it is hard, and the more of it you have the harder it will be to buy and store. and that storage is risky so you have to spend a lot of money securing it!!!
in comparison whether you have $10 worth of bitcoin or $100 million, it is equally easy to store. it will be harder to buy larger amounts but the storage is easy and it can be safest thing possible.

something like ETF makes sense for gold but it doesn't make any sense for something like bitcoin. specially when you think about why bitcoin was created in fist place: to not-need any third parties.

i don't think so. there is actually some fear of more manipulation entering the market with ETFs. it is not all going to be hunky dory with prices rising to the moon making you super rich. not to mention that bitcoin doesn't even need ETF to reach $60k, $100k,.... price levels.

until now I am still confused about the benefits of bitcoin entering the ETF, will the price of bitcoin return as in early 2018? is the price determined by market demand, right?

why not? bitcoin went from being worth near zero up to $20000 which was more than 2 million percent rise without silly things like ETF and it will continue to do so in the future without them too.

Andreas Antonopoulos has some stuff about ETFs which are worth looking into. https://www.youtube.com/watch?v=KSv0J4bfBCc&vl=en
https://news.bitcoin.com/bitcoin-etfs-are-a-terrible-idea-andreas-antonopoulos/

Some $40,000,000,000,000 is invested in Gold worldwide. That is trust and store of value Gold shows.

As they say "money is a measure of success". Have a look at this


http://i64.tinypic.com/j621sk.jpg

Can’t really understand the correlation between financial instrument which is Bitcoin and Gold which is physical commodity. If you are trying to raise the question what is better, it is incorrect. Yes they are both options for investment, they might even be similar as there are futures and stocks for gold digging companies, as well as there are futures for Bitcoin and perhaps ETFs in near future. But the concept of comparing the two is wrong, not to be said that bitcoin is the instrument of the future, whereas gold is more of tradable commodity of the past.

Bitcoins are like gold and bitcoins are kept by people for investment as gold because bitcoins have properties that are almost gold-like, for example they can be traded and they can be bought and sold.

Bitcoin will be a 3rd tier asset. Gold, Silver, Bitcoin that way when Bitcoin is established as a digital asset.

In my opinion, both are equally important, in fact bitcoin or gold are equally valuable and we can even make assets in the future. Depending on how we invest, if we are smart to invest both we can get huge profits. So there's nothing wrong with us choosing bitcoin and gold for our future.

if you have to choose between gold or bitcoin, I will choose both.
both bitcoin and gold are valuable items today. but returning to each person will invest where, because bitcoin there is no tangible form of the goods while gold is in reality

ETF corporations that have filed for SEC acceptance have already bought their reserves yield of real bitcoins. so dont expect a big batch purchases the day they get their ETF accepted. the corporation bought bitcoin along time ago. (the winkles ETF of 200k coins were bought YEARS ago.)

investors wanting to invest in ETF's are not buying btc. they are buying SHARES in a corporation.

when a ETF gets acceptance there will be media hype but this can inflate the price (bubble and correct back down). it will take time for a real sustained bottomline value movement to be at what was the last ATH so expect corrections after the emotions subside. though that does not mean traders cant enjoy playing the waves of hype as they spike and correct along the way.

as for the gold/bitcoin
forget about golds physical properties of the commodities market. bitcoin is nothing like a gold commodity. or any commodity. however gold also sits on a asset market. which bitcoin sits on. which is more based on the acquisition costs where mining being a dominant factor of bottomline value(the low price/correction price when hype is at its lowest)

i would care more about the averaged "acquisition cost" of bitcoin. such as the lowest mining costs for this month is around the $6k area and market buyers/sellers have had like 10 months to try pushing below $5.8k so the bottomline acquisition costs of mining and buying coin is $6k+ area. and as mining costs increase due to hashpower rises. and new buyers buying above $6k wont sell for less.. this will increase the bottomline value slowly but surely

things like ETF and media. are just drama and hype of spikes and corrections that will cause the prices to jump up and down above the bottomline which increases at a slower rate

Today, protestors have set fire to Iranian Embassy in Iraq. It could be big for Gold as the Universal investment. Bitcoin being decentralization does not get affected global events.

But admit it or not, most institutional investors are wanting the ETFs to get on board with bitcoin before they go full-on bitcoin bulls. They are just waiting for that extra layer of security coming from the ETFs before they invest. Though bitcoin reached enormous heights without these fancy things the investing world drools about, still we can't deny the fact that bitcoin can still reached higher highs once these ETFs are approved. Idk what's the fuss about the ETFs but then again, if it brings in more money to the economy, that would be great.

My opinion is bitcoin.It may change to others based on their opinion.Eventhough the price of gold is stable,you can't get huge profits from it.You will buy gold at stable price and sell at very low profit.But in bitcoin,you have two options.One is buy at low price and sell at high price.So you will get huge profits from Bitcoin as compared to Gold.

Two best platforms to invest. I would better prefer Bitcoin as i do have experience in both and believe in Bitcoin's growth and turn over. Though bitcoin value fluctuates, we can trust in crypto currencies and invest to see a good turn over. But Gold is not such. The vlaue of gold always remain to a threashold not dropping off too much and spiking up too much as well. Hence crypto is the best platform to invest and gain profits. Choose bitcoin rather than gold, silver or diamond. 

for now I choose bitcoin because it looks more promising a lot of profit in the not too distant future. and you ???

I always believe bitcoin can give me more profits than gold

Dude you keep spreading your poison all over the forum. why the hell do not you create your own forum? You could give the name of Goldtalk, so we would not see your comments.


of course the price will recover and we will see more than $20,000. more demand that we will have in the future will cause the price to be very high


I agree, in my country it is not easy to buy gold bars, so the best option for me is to buy bitcoin and altcoins or even look for some ICO that is useful


I do not like to make comparisons between gold or bitcoin, but I will be happy if the price of bitcoin increase and be used as a means of payments.

I would choose both of them, but I will prioritize to have bitcoin right now as I know that bitcoin is so much profitable and I know that in the future it will really grow up and no one can ever stop it, so I would choose to invest the thing that can give me  higher profit at the end.

Gold is stable and Bitcoin is not and we all know this is reality besides this we have to accept that most profitable is the Bitcoin as its price is vary high and we can get huge profit here than that from gold is lesser than Bitcoin. But the best strategy is to diversify your investment into multiple as to choose Bitcoin and gold both as your investment sources keeping these two you can also invest for short term in other best coins.

I slightly disagree with the point of view that bitcoin can grow because of the possibility to have bitcoin but not physically.
At the moment, there is a big problem with storing bitcoin from hackers. I read the news in which Citibank in America offers such storage of bitcoin, under 100% protection. That is precisely what is now a priority. and not speculation to 60,000. In General, physical gold and digital gold are very similar.

of course I will choose gold for now. well, my goal to collect bitcoin is for offline investment, and gold is one of my targets. well, but after getting gold, I won't stop looking for bitcoin. basically I am more interested in choosing both.

The value of gold every year tends to be valuable, choosing investment with gold is to maintain the value of assets, especially when facing inflation, while Bitcoin was initially viewed for payment technology, but nowadays many people who use bitcoin as an investment instrument can also be a combination of investment instruments between gold and shares

Choose a struggle bro as you keep contradicting yourself in a way. You will choose gold for now; you are more interested in choosing both, etc. It is a world we cannot know what the future holds for anything and as far as I am concerned, that was the essence of diversification in the first place. They both have their own values they create and we should remember that Rome was not built in a day.

Hence, if anyone feels that at some point, we might not end up having a matured market for bitcoin and things getting a lot faster and better in development than this, with some huge adoption which who knows, may even be more than gold (just saying, not like I mean that)... then that is what they want to believe. As for me, there is no harm in having both. There is only harm in missing out.

actually gold and bitcoin are just as profitable but as you can, I am also more happy with choosing to invest bitcoin because even though the price is hard to guess but bitcoin always appears better and can be profitable in the long run

I think bitcoin is will profit than gold, bitcoin give profit more 100%  every year.but gold only not more 50% every years

Both bitcoin and gold are valuable assets but bitcoin is more valuable than gold. Because the value of gold is increasing slowly when compared to bitcoin. When we invest in bitcoin it will be good for both short and long term investments. When you buy bitcoin at low price and hold it for long time. Once the price increase you can sell and earn good profits than you invest.

in my opinion, all investments must have risks, the higher the risk, the higher the profit, gold and bitcoin have similarities in mine, but in my opinion, gold investment is less risk than bitcoin, so we can choose gold or bitcoin investment, choose the best and suits you

These two sentences do not compute IMO.  Bitcoin really isn't that hard to buy, and it certainly isn't hard to store.  For some people, it'd be even harder to buy shares in the btc ETF than it would to acquire actual bitcoin.

I don't think either buying or storing gold is hard.  You can pretty much buy it at any coin shop, eBay, or on precious metals websites like providentmetals.  As far as storing it, there's risk of it getting stolen but unless you own a massive amount (which most people do not), you can just keep it anywhere.  A safe would be ideal but even that isn't necessary.  I don't get the part of your post that I bolded.  Buying gold doesn't make subsequent purchases more difficult by any means.

Anyway, do we really need another bitcoin vs. gold thread?  It's kind of been done to death by now.  And by the way, gold is currently under $1200 ($1193 to be precise) and doesn't look like it's going to recover anytime soon.  In fact it's been either dropping or flatlined since 2011, and that doesn't strike me as a great investment or even a good hedge against inflation.  Silver is doing even worse.

Bitcoin more valuable than Gold? Let's have a look at their market caps;

Bitcoin $112 billion.
Gold $7.35 trillion.

The reason that Gold is difficult to move, comes from the fact that it has one of the most liquid markets in the world. You can literally dump a few billion worth of Gold on the market without leaving a dent. Now try that with Bitcoin. If you dump a few billion worth of Bitcoin on the market, you'll cripple the entire crypto industry.

I prefer Bitcoin over Gold in each and every way, but there is no doubt about the fact that Bitcoin's market is nothing more than a joke compared to what Gold represents today.

If there is money you invest in gold or bitcoin if I would choose to invest in bitcoin because bitcoin can help me get quick profits so that I can buy gold

If we are going to compare this two things, there is one question that is very applicable when we are talking about this two. Bitcoin vs gold, the best question would be "Which is more accessible?" If we are talking about gold we will be digging more knowledge about the term "Mining". How can we people get gold? By digging right? It is a natural resources coming from our earth, thats why we will be needing large and heavy equipmnent to do so. Unlike if you are in bitcoin youll just need cellphone, and internet and ofcourse knowledge as about

We can't deny the fact that gold is a real life investment with highly establish market and bitcoin is always see as a bubble.

Some people didn't understand the real advantage of bitcoin and they're afraid that one day it will just crash, but I believe being volatile is what made bitcoin more lucrative and by holding it can be definitely a good catch.

Bitcoin and gold at the same time have good value. Bitcoin has greater profits than mas, but bitcoin has a greater risk of gold. Determine your own choice, I prefer crypto

I choose both because they have the same advantages and disadvantages of each
bitcoin is good for a number of years while gold always has a small risk

I agree with you now that gold is because the market is down so we are on guard if the market is down we still have gold to invest or sell

For me both are equally important but if you talk about the advancement in technology cryptocurrency is emerging so fast and so is the craze regarding BTC or other currencies among people.No doubt gold is very important assert but nowdays bitcoin is emerging as a king of all investment and it has a good future and has the potential to satisfy his investors.

I use my assets divided into 3 parts, namely digital, gold and land or cattle assets, for digital assets to date I believe in bitcoin because of the system and its price

They have differences, but they still refer to a currency that can be paid.

 Gold is much more stable and stronger in terms of investments and everyone understands this.

In a sense, Yes, bitcoin and gold have common similarities.
It's active. Gold is a physical asset and bitcoin is a digital asset.
Extraction. Gold is mined machine method, likewise, the mined bitcoin, computers, the same machine.

I am believe if ETF approved by regulator, many investor will coming to cryptomarket and start make investment. ETF will bring billion or trillion dollar and it make market move more faster. Regulation for cryptocurrency needed if we want mass adoption because many merchant afraid to accept bitcoin for payment without regulation

Same as you I think bitcoin is more easy to hold and it surely has more profit than any other investment like gold or something else, in old ages people has been using gold to invest their money but now they are using bitcoin because for us bitcoin is safer and it has a lot of profit more than all other kind of investments, it give us more than double profit if we hold it for months after investing.

Bitcoin and gold both are valuable assets but when compare to gold bitcoin will gives you more profit. Gold os stable the price not increase too much and not decrease too low. Bitcoin is not stable more fluctuations can occur. Once the price is low buy more bitcoins and hold it for future. When the price have tremendous growth at that time you can sell and earn good income.

Yes you are right. Those are different but valuable things and also most acceptable to people in the current world. By the way, Bitcoin is a currency. On the other hand, Gold is a most precious metal. Those are valuable in their own way.

If I tell you to choose one of the two maybe I will still choose bitcoin because bitcoin has a very good price and I am very familiar with the changes in bitcoin prices but the price of gold is cheaper than bitcoin and the price is not true

bitcoin has a very good price
but you must remember that gold market cap $7.8 trillion
but  bitcoin market cap $108,525,371,705 USD   

Its more convenient for me to own bitcoin because I can buy this thing anywhere I go. Gold is still a precious investment but since we all have different strategies in terms of investing people will not depend on anyone. Whether you buy bitcoin or gold as long as you believe on that investment, you will still be good.

bitcoin is a promising asset for the future of its users, gold is the same but price movements for bitcoin will be faster than gold and once there is a much greater profit increase obtained from bitcoin.

actually to invest both are good choices, if you can invest in both then you will have assets not only in the digital world but also in the real world and the risk is very small if you also invest in gold, because every year prices will also continue to increase.

Bitcoin will be the digital gold, Just like gold it will be good in storing value in the near future. But in terms of transferring of ownership bitcoin is much simpler and less cost of transactions. Gold is a precious metal and a good conductor of electricity maybe its time for us to simply use it and dont hoard it like we do because of its value. People believe that gold has good value in it and it go up in price overtime just like bitcoin in its 9 years of existing. If only the demand for gold switch to bitcoin the price of bitcoin will skyrocket.

but for current regulation and how all this is going on, it's like that regulation is just another cover for manipulating bitcoin prices. besides that I also did not see signs that the regulatory team intended to legalize bitcoin. and whatever the legal impact this regulation will not guarantee success in the future.

Well, bitcoin is a promising asset, because so many people have succeeded in using bitcoin to increase profits. I also think like that, but I just think that bitcoin is a good parameter for producing gold.

I agree that all the investments have their own risks but I do not buy it in terms of risk which is never proportional to profit or in simple words, they might vary and a business with a high risk is not necessarily a business with high profit. Of course investment in gold is much secured than that in Bitcoin because of the stability in the prices of gold unlike Bitcoin which has been very volatile and hence risky.

Well, you should also understand that in the early days of gold, it was also as volatile as bitcoin today. Maybe if you check this historical chart of gold below, you will understand better.

https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart

I have seen different comments about ETF so far, and the truth remains that ETF is just a distraction and it is not like it is going to mean anything substantial in the long run. The market will still always behave in the way it wants to, with or without it.

If I see the profit that will gained from gold or bitcoin, well I will choose gold, a little risk and will definitely benefit. While bitcoin, many of the risks and profits obtained cannot be estimated. However, if you talk about the amount to be obtained from bitcoin and gold, I will choose bitcoin because the price of bitcoin is very volatile, you buy now and if the market is good you will get a large profit in accordance with the capital issued. While gold takes a long time to get the desired benefits.

Bitcoins are like gold and bitcoins are kept by people for investment as gold because bitcoins have properties that are almost gold-like, for example they can be traded and they can be bought and sold.

I mean by the system they're kinda similar pretty much, it's possible to mining and investing with both of them, but by they're look it so much different. Even the price was sometime unpredictable for both of them.

Both have a very high profit value but most of the people prefer gold due to several reasons ranging from affordable gold prices to safer gold in investment compared to bitcoin

And not only that sending bitcoin all over the world is incredibly easy you just need a few clicks and you can send as much bitcoin as you want, but moving gold over different countries is something that is very difficult to do, maybe moving a few coins could be possible without bringing too much attention to yourself, but moving really large quantities of gold is bound to raise a lot of red flags, with bitcoin this is not really a problem, if you are the one travelling you can bring all your bitcoin with you in your computer, or you can use a hardware wallet, or a paper wallet, or an USB, or if you know your seed words you could memorize them and have nothing on you, compared to that gold is incredibly difficult to move.

Yes both can give a good profit but gold have stable price not like bitcoin that you get a huge profit once the price will goes up. Gold is very valuable and you can keep it for a life time. Bitcoin is also valuable but you can not keep it for a long time because once bitcoin price go up you can sell it.

Bitcoin can get a big profit once the prices go up.
But it is also possible that the price drops
The problem with Bitcoin is that it is raising significantly and dropping significantly and this is a serious risk to investors with huge money
But gold as its value is fixed and never fallible
The price does not come down and is not affected by any news or under any circumstances
It is a constant that does not change

I think gold and bitcoin got a different characteristics, both of them are good investment, but gold is a stable investment that will grow slowly but sure, gold also being used in a different household things, so gold very suitable to be used for long term, while bitcoin is a very volatile investment, due to the volatility it can be used for trade, and for long term, the future is not yet sure, a lot of banning and rejection keep on pressing the bitcoin existence, but the profit of bitcoin is very tempting

Not the same. Gold is a material, a precious metal and used to make expensive jewelry and a long history. The BTC has only been around for a few years, the value of btc is decided by everyone and is more of a currency-like thing than a storage medium like gold.

The value of gold is continuous increasing but the value of bitcoin is fluctuating, if you do not want high risk just invest in gold and if you are risk taker like me go for bitcoin it could able to gives high profit once the value increase too high. Even though both are good to have for long period of time.

Most people think, the problem with bitcoin is regulation. We can not spend bitcoin in many merchant because merchant afraid accepting bitcoin as payment. Government regulation needed if we want mass adoption and make crypto working on our daily life

Gold can be one of the best investments in the world at the right time, but that window of opportunity is only open for some months, the rest of the time gold is nothing more but a store of value, so if you really want to obtain consistent profits over a long term it is better to invest in something like cryptocurrencies that have an higher volatility and can make a lot of money very fast.

Since ancient times, gold was considered the most important measure of real asset value. Besides that it is used as a medium of exchange and capital accumulation. Not surprisingly, today, many people still believe that investing in gold is much safer than buying paper money from abroad, even those that are more economically developed. This statement is quite correct. Leaders from powerful countries often talk about difficult times for the economy, and most of the whole world is on the verge of economic collapse. When claiming that even the US dollar, which was established as a reserve currency in all countries, has a definite future due to rising US debt, often people begin to regard money as an unreliable tool for investment whose results fall back into eternal gold.
However, because of today's internet technology, we have a new subject for investments whose value is compared to gold. This is a digital Bitcoin currency.

I see the value of gold and crypto currencies. Gold has been a precious metal till now. Crypto just entered the market in 2009 but has covered the currency market and investors as well. The fluctuation is crypto's backbone and this is what  brings more investors into crypto currencies. I would choose both. Will purchase gold from my crypto earnings.

If it's ordered to choose bitcoin or gold, for those of us who understand both, it will be very difficult to choose it, but if someone who doesn't know the name of digital currency, they might think bitcoin is a joke, so they will still have gold for investment.

I think bitcoin and gold both offer tempting benefits, but in my opinion, gold is more certain in its growth and very unlikely gold prices will go down. Unlike bitcoin, the price changes quickly. But my opinion of bitcoin and gold are both promising long-term investments.

Seeing the sharp and significant movement of market fluctuations, I prefer to invest my funds for BTC temporarily. We see the price of gold tends to be stagnant and does not move far compared to BTC.

I like gold as well but one of the big issues that I have with gold is that is very easy to confiscate, we have seen in the past that countries have made the possession of gold by the general population as illegal and in the future it is likely that laws like that are going to be passed again and if you have a lot of gold you are going to have a lot of problems selling it, but if you have bitcoin you will not have that problem even if it's made illegal.

the nature of these two things is very different, gold has existed for thousands of years ago and became one of the payment systems of its time
whereas bitcoin is the parent of crypto coins and is one of the innovators for payment systems in the 21st century

Bitcoin and gold both are good for investments, the only thing varies between gold and  bitcoin is nothing but the profit only. Gold value increase but not too much the value would stable. This is not in bitcoin buy bitcoin at low price and hold it once the price becomes very high or tremendous growth happens means then the profit will be more and more than bitcoin.

Bitcoin successfully performs its function as a store of value, that’s one of reasons why it’s oftenly called a digital gold. The methods of mining of both bitcoin and gold are similar in a way. Reduction in the speed of bitcoin mining in the future and its limited quantity is as attractive for investment as scarcity of gold. The price of gold is less volatile, the market is more liquid and regulated. But the growth of bitcoin’s price is very impressive. Bitcoin has been created in 2009 and currently one coin costs as approximately 0.2 lb of gold. In a few years, the price might be equal to 2 lb of gold or ever more. Meanwhile, the gold’s price is very stable.

Gold is a more stable investment than Bitcoin and whereas Gold is infinite the same cannot be said about Bitcoins which has 21 Million in existence. They are both very profitable but due to Bitcoins volatility it can be more profitable or one can loss a lot of money because of it.

The amount of gold may be limited, but its value cannot be predicted. Unlike Bitcoin which has a mathematical grip that can be calculated, it becomes more stable and difficult to manipulate, but keep in mind that crypto currencies are still doubtful by many countries. Even so, Bitcoin continues to this day. Financial experts even predict that the value will increase significantly in the next few years.