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Bitcoin => Bitcoin Discussion => Topic started by: CryptopreneurBrainboss on August 10, 2021, 11:35:23 PM



Title: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: CryptopreneurBrainboss on August 10, 2021, 11:35:23 PM
It's quite surprising how people still consider gold a more profitable investment than Bitcoin. Guess they're not familiar with the saying, 'the higher the risk, the greater the reward'. Although this doesn't mean you should go taking uncalculated risk as that'll be a deadly move that could cost you all your funds. Bitcoin has shown time without number that it's the better investment vehicle than Gold and it just did it again

Just came across this article and think it'll be best I shared it here for the doubters still hoping for their previous metal to recover while they keep on missing out on the chance to partake in one of life greatest innovation.

Quote from:  One Bitcoin now buys 0.6 kilograms of gold as 10-year returns turn negative
As of Tuesday, fresh data shows that Gold/USD traded 3.7% lower than it did in the same day in 2011.
Source: https://cointelegraph.com/news/one-bitcoin-now-buys-0-6-kilograms-of-gold-as-10-year-returns-turn-negative

Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles. I would prefer my investment in an asset that could give me higher double digits gains than an asset that can barely gives strong double digits gains and yet been called the safe heaven when it also poses same risk of a lost in value during trying times.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: oktana on August 10, 2021, 11:51:36 PM
Bitcoin and Gold are both cool investment. You cannot fully blame those who pick Gold over Bitcoin because Bitcoin has a higher volatility than Gold. Some people prefer slow and steady than something that isn't fully stable. Imagine buying Bitcoin at $46k and then tomorrow morning it's at $43k. You may say it's not a problem because you believe it'll come back up but not everyone can handle it. Both investments have their advantages and disadvantages.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: sheenshane on August 10, 2021, 11:59:07 PM
No doubt Bitcoin is a good investment as gold even though both are the same profitable for various reasons if we compare them both.  But each of us as potential investors of these two good assets might have a different perspective view upon investing, for those people who are not much techy enough might prefer gold, and those who understand Bitcoin very well and how does it will work will also be considering Bitcoin as a great investment than gold.

Bitcoin will always surpass gold because they had different characteristics and they aren't the same.  When it comes to the supply, Bitcoin has an advantage in the long run because it has a fixed amount of supply while gold wasn't.

Both investments have their advantages and disadvantages.
That's right, they are like a coin that has different faces.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Charles-Tim on August 11, 2021, 12:04:23 AM
It's quite surprising how people still consider gold a more profitable investment than Bitcoin. Guess they're not familiar with the saying, 'the higher the risk, the greater the reward'.
People do not consider gold to be more profitable, they only consider it as a store of value. Although, Bitcoin can also be considered as a store of value but the price volatility still make it to be considered as a speculative asset. Gold price is not volatile like that of Bitcoin, while the marketcap of gold is over $10 trillion. Because of this, many many people prefer gold, but I am not disputing the fact that Bitcoin holding is more profitable than buying gold, it is distinctly obvious that holding Bitcoin is more profitable.

Although this doesn't mean you should go taking uncalculated risk as that'll be a deadly move that could cost you all your funds. Bitcoin has shown time without number that it's the better investment vehicle than Gold and it just did it again
If not trading, I do not see any risk there, if someone buy Bitcoin at the present price of $45000 with just $450, even if Bitcoin price decreased to $4500 (which I think can not be possible again), the person will still have $45. If the person hold $45, the person will still have $4.5. if the person hold $4.5, the person will still have $0.45. But, it is certain that the price of bitcoin will reach all-time-high again, while the person will get back his/her fund and make more profits. Bitcoin price is even not likely to plummet to such low price again while increasing above $100000 is very possible than the price to decrease to that extent I used as an example.

Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles.
I have posted similarly before  (https://bitcointalk.org/index.php?topic=5295163.msg55721564#msg55721564), this will interest you to read. I did not know much about the news authenticity, but what was on the news is that US dollar price devaluation has been what has been making gold price to have been increasing since 1980:

Gold reached a price of $678 U.S. dollars in 1980, according to a breakdown from Visual Capitalist. Accounting for inflation, based on calculations from Officialdata.org, $678 in 1980 held the same buying power as approximately $2,142 in 2020.

When compared with Bitcoin, Bitcoin was around $10000 at the time, it was said that the US dollar devaluation as a result of inflation is only responsible for $2000 price increase. So, it is obvious that investing in Bitcoin is more profitable even as the price significantly increased during last decade. No asset as perform/increased like Bitcoin.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: CryptoBuds on August 11, 2021, 01:50:39 AM
Bitcoin and Gold are both cool investment. You cannot fully blame those who pick Gold over Bitcoin because Bitcoin has a higher volatility than Gold. Some people prefer slow and steady than something that isn't fully stable. Imagine buying Bitcoin at $46k and then tomorrow morning it's at $43k. You may say it's not a problem because you believe it'll come back up but not everyone can handle it. Both investments have their advantages and disadvantages.

First of all, you have to realize. Which has seen the highest growth in the last few years?
The price of gold has remained almost unchanged over the years or has changed very little. In the last few years, the growth rate of Bitcoin has been 100 times higher than that of Gold. So it doesn't work to compare Bitcoin with gold. Gold will never come close to the growth rate of Bitcoin.

If the adoption of Bitcoin continues to grow, I believe its market cap will exceed 10 trillion in the next few years (not only I but also all over the world). That's why in the meantime young generations start putting in a part of their savings in Bitcoin, not in Gold.

Gold is for weak-hearted old people, New generation is always welcome to changes/revolution.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: binglanglady on August 11, 2021, 03:15:38 AM
It's quite surprising how people still consider gold a more profitable investment than Bitcoin. Guess they're not familiar with the saying, 'the higher the risk, the greater the reward'. Although this doesn't mean you should go taking uncalculated risk as that'll be a deadly move that could cost you all your funds. Bitcoin has shown time without number that it's the better investment vehicle than Gold and it just did it again

Just came across this article and think it'll be best I shared it here for the doubters still hoping for their previous metal to recover while they keep on missing out on the chance to partake in one of life greatest innovation.

Quote from:  One Bitcoin now buys 0.6 kilograms of gold as 10-year returns turn negative
As of Tuesday, fresh data shows that Gold/USD traded 3.7% lower than it did in the same day in 2011.
Source: https://cointelegraph.com/news/one-bitcoin-now-buys-0-6-kilograms-of-gold-as-10-year-returns-turn-negative

Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles. I would prefer my investment in an asset that could give me higher double digits gains than an asset that can barely gives strong double digits gains and yet been called the safe heaven when it also poses same risk of a lost in value during trying times.

Gold investment is deeply rooted in the hearts of the people and is widely accepted. The sudden emergence of Bitcoin is full of sense of the future and imagination.

The commonality between gold and Bitcoin, that is, the most special place, is that they are all related to currency: gold is an ancient currency that has been proven by history, and Bitcoin is a future currency to be tested. Gold has been a universal currency in the world for a long time in history. Even under the modern monetary system, gold still functions as a currency, becoming a tool for national and personal investment and preservation; as a great blockchain technology The application of Bitcoin, which came out as a form of virtual currency, is a great experiment to explore the development of future currency.

Due to the volatility of Bitcoin, it may be less risky for most people to invest in gold, and many people are realists. People who invest in Bitcoin are like venture capital institutions. They value the future, a clear economic model, a clear source of profit, and an untouchable industry ceiling. My idea is the same, to allocate the expendable funds rationally, invest in Bitcoin, and invest in the future. I still have faith.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Robinson66 on August 11, 2021, 06:15:00 AM
Gold is a physical currency from ancient ancient times. Gold is now a global general currency, and everyone will choose one of the investments.
Now investment gold has no investment Bitcoin is because of the popularity of bitcoin, there is no stage that knows the world. For gold is a household name.
Bitcoin is not globally used because some countries are not allowed to use Bitcoin.
Investment gold is because it is stable, there is no risk, and bitcoin is a big risk, and it is necessary to understand the encrypted currency before investment.



However, Bitcoin is also advantageous:
  • Gold is controlled, you can't bring it freely, Bitcoin is not controlled, and there is no country in the chain address.
  • Bitcoin cannot fake, gold verification is too much trouble.
  • Bitcoin is easy to carry, the unit is minimum is 8 digits after the decimal point, Cong.

Investment gold is also very good, it is more stable, it may just lack the adventure.
If the funds are sufficient, you can invest two.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: RainbowKun on August 11, 2021, 06:20:10 AM
It's quite surprising how people still consider gold a more profitable investment than Bitcoin. Guess they're not familiar with the saying, 'the higher the risk, the greater the reward'. Although this doesn't mean you should go taking uncalculated risk as that'll be a deadly move that could cost you all your funds. Bitcoin has shown time without number that it's the better investment vehicle than Gold and it just did it again

Just came across this article and think it'll be best I shared it here for the doubters still hoping for their previous metal to recover while they keep on missing out on the chance to partake in one of life greatest innovation.

Quote from:  One Bitcoin now buys 0.6 kilograms of gold as 10-year returns turn negative
As of Tuesday, fresh data shows that Gold/USD traded 3.7% lower than it did in the same day in 2011.
Source: https://cointelegraph.com/news/one-bitcoin-now-buys-0-6-kilograms-of-gold-as-10-year-returns-turn-negative

Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles. I would prefer my investment in an asset that could give me higher double digits gains than an asset that can barely gives strong double digits gains and yet been called the safe heaven when it also poses same risk of a lost in value during trying times.

Gold investment is deeply rooted in the hearts of the people and is widely accepted. The sudden emergence of Bitcoin is full of sense of the future and imagination.

The commonality between gold and Bitcoin, that is, the most special place, is that they are all related to currency: gold is an ancient currency that has been proven by history, and Bitcoin is a future currency to be tested. Gold has been a universal currency in the world for a long time in history. Even under the modern monetary system, gold still functions as a currency, becoming a tool for national and personal investment and preservation; as a great blockchain technology The application of Bitcoin, which came out as a form of virtual currency, is a great experiment to explore the development of future currency.

Due to the volatility of Bitcoin, it may be less risky for most people to invest in gold, and many people are realists. People who invest in Bitcoin are like venture capital institutions. They value the future, a clear economic model, a clear source of profit, and an untouchable industry ceiling. My idea is the same, to allocate the expendable funds rationally, invest in Bitcoin, and invest in the future. I still have faith.


In my opinion, there are two different groups of people who invest in gold and bitcoin. Gold is the reserve asset of the old age, while Bitcoin is the reserve asset of the new age. As a currency or asset, gold has a history of thousands of years and has a broad global consensus. Therefore, gold is often considered a safe-haven asset. When there is a black swan incident, many senior investors give priority to investing in gold to avoid losses in their assets. But when Bitcoin was born, Bitcoin slowly replaced gold in many areas. This is why many people call Bitcoin digital gold. Bitcoin has only a short history of 12 years, and it is still in a very early and rapid development period. Bitcoin's market value still has a lot of room for growth. In my opinion, in a few decades, when the market value of Bitcoin is large enough, the price fluctuation of Bitcoin will gradually become very small.




Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: pooya87 on August 11, 2021, 06:25:45 AM
The thing about gold is that it is another stand alone asset that people who are looking for investment can use it to diversify. And bitcoin is the most stand-alone "asset" that has ever existed since it doesn't follow anything at all. So having both (not just one and not the other) is a very good choice in my opinion.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: davis196 on August 11, 2021, 06:30:44 AM
Bitcoin wasn't on the map in 2011(it wasn't popular at all),so all the investors back then were putting their money into the one and only safe heaven-gold.I remember that many investors were buying other precious metals and various commodities like silver,platinum,aluminum,oil,copper,etc.,so their prices were pumped.
Nowadays,the investors have an alternative-Bitcoin.
I keep thinking that the gold price is manipulated by the Federal Reserve and gold is actually way more valuable than we think.Anyway,gold can't outperform Bitcoin in terms of risk/reward ratio.
This might sound like a stupid comparison but I think that gold is more like government bonds-low profits but a stable price and Bitcoin is more like stocks-big profits and not so stable price


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: gwdf1 on August 11, 2021, 07:17:53 AM
You are right that the bigger risks are the bigger your potential profit is. Of course, Bitcoin is much more profitable than gold. People who are not familiar with blockchain technologies think that it is a deception because they know a lot of stories about when people lose a lot in the crypto market. But if you do careful research before investing and don’t trade on emotions you will get profit.



Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Lily Garver on August 11, 2021, 07:18:34 AM
It will not feel strange that more people will choose gold, because human nature is like this, because opportunities will only be discovered by a few people.
But what surprises me is that Bitcoin has been 10 years old, and it has risen hundreds of thousands of times. These people look at it and wait and still don’t believe it. Is it because it has not been regulated by the government to the scope of mainstream finance? I don't think it is. I think education has not been done. For example, there is no place where I specialize in learning Bitcoin. Even this forum can only be found by interested people.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Shenzou on August 11, 2021, 07:21:42 AM
Gold is the origin, the one that started it all and for a long time it was and still is a good investment because of how rare it is becoming, but the problem with gold is that it takes a long time for you to see any significant profit from it, especially if you don't have that much, but with bitcoin you get best of both worlds you are guaranteed to make profit and in a short period of time, and it is only going to get more profitable as the supply is getting smaller.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Mr.sprin on August 11, 2021, 07:25:09 AM
gold is indeed a lot of investment because with gold investment the profits are clear and the risk faced is small, bitcoin investment profits are many, even many times, but people are afraid of investing in bitcoin because the risk that must be faced is large because the price of bitcoin is unstable.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: YOSHIE on August 11, 2021, 07:29:58 AM
Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles.
I often hear Gold is not risky/Bitcoin is risky, actually the pros and cons of this are still an unsolved mystery for now, I actually think this is a shrimp behind a rock.

Fact: investing in Bitcoin yields huge returns. Price changes can change in an instant, gold takes a long time to make a profit, but gold is stable in the market.

There are several reasons Bitcoin investment is risky and gold is safer and Bitcoin investment is profitable, on the other hand, gold investment is slow to profit.
I've seen one source (in secret), who sells gold and buys nearly 800 Bitcoins in 2016, one year later they sell and buy 10 times more gold than base gold.

In that source I can conclude: some people lie that Bitcoin investment is risky, they themselves buy in large quantities to make big profits and buy gold from Bitcoin proceeds in large quantities and say gold investment is good, here it is clear that they are lying to other people, in fact the results that can be obtained to buy gold from Bitcoin proceeds and say otherwise, these kind of tricks and tactics, are common in today's crypto world, when people scare people into investing in crypto, people panic and sell, instead he himself took the opportunity to buy and while they were developing issues about investors, the biggest companies wanted to adopt/invest in Bitcoin, instead they take profit / sell, everyone thinks in the future the price of Bitcoin will skyrocket, so that ordinary people flock to buy in a certain amount, in fact: they are masters of tricks / tactics who profit and ordinary people bear the risk of loss.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: JillianTaft on August 11, 2021, 07:57:31 AM
Usability is recognized as one of the most important factors when investing, and gold and cryptocurrencies are considered choices in this category.
When I first came into contact with cryptocurrencies, I felt that the difficulty was more complicated than other investments, but compared with gold, cryptocurrencies are easier to obtain, with low thresholds and convenient transactions.
If you want to choose long-term investment, you have to worry about inflation. Both cryptocurrency and gold are tools against this risk. As a form of investment, cryptocurrency is not affected by inflation. On the other hand, it is not regulated by the government, and your investment will not be interfered by the government.
In terms of stability, the price of gold has been good for many years, usually after the price adjustment, the final price will be stable for a long time. Cryptocurrency is different from other investments. The market will be affected by some factors or news. The volatility of cryptocurrency is much higher than that of gold.
This means that if you want to invest in products with potential in the future, cryptocurrency may be the best choice. If you are just looking for an investment with stable price over time and low risk, then gold can be your choice.
However, cryptocurrencies are still very young now, and the future is unknown. Gold has existed for thousands of years and has some potential advantages.Whether to invest in gold or cryptocurrency is up to you.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: michellee on August 11, 2021, 10:49:36 AM
People are not ready with the high risk of the bitcoin investment so they still prefer to invest in gold. I think there is nothing wrong with that because people can select whatever they want to choose in the investment. Even if they already invest in bitcoin and still want to use gold as their investment, that will not be a problem. People out there still want to see what kind of their investment and they will feel good if they can touch and see the investment they use. It is like they invest in real estate. They can see and touch the house.

But personally, I will want to have bitcoin and gold at the same time. If the bitcoin price increases, I will sell some amount and buy some amount of gold and I will do the same thing as gold if the gold price increases.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: XCANA on August 11, 2021, 11:03:25 AM
The problem with such people is that many of are of the believe that what investment that doesn't have government backed up is seems to be a SCAM and too risky for them to invest their hard earned money. And they may prefer to leave their money in the bank in Gold form to avoid story that touch the heart. But they will realize that they are missing a great and life time opportunity it will be too late. I encourage whoever is reading this my submission and still in doubt about Bitcoin should have a rethink before is too late.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Kong Hey Pakboy on August 11, 2021, 11:07:39 AM
The problem with such people is that many of are of the believe that what investment that doesn't have government backed up is seems to be a SCAM and too risky for them to invest their hard earned money. And they may prefer to leave their money in the bank in Gold form to avoid story that touch the heart. But they will realize that they are missing a great and life time opportunity it will be too late. I encourage whoever is reading this my submission and still in doubt about Bitcoin should have a rethink before is too late.
They are right to worry that it's risky because it is risky, I accept that part, what I don't like is that they're branding it as a scam when in fact it's not a scam. I think most of these people are just old school so they have a hard time doing something like investing in cryptocurrency since they know that there's a bigger risk involve. Plus, bitcoin isn't for everyone, some just don't find it appealing to invest in.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: NeuroticFish on August 11, 2021, 11:38:24 AM
It's quite surprising how people still consider gold a more profitable investment than Bitcoin.

Gold is not more profitable, but, at least in theory, it's safer since the daily price fluctuation is rather small.

Also, while we are now in the middle of bull run, clearly gold cannot match investments in bitcoin.. but the history tells that bitcoin bull run doesn't last forever. When the fiesta ends (temporarily) and price will go down, then gold can become a good place for storing wealth until a new bull run will start.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: avikz on August 11, 2021, 12:06:23 PM
I don't see a problem in picking up gold though. You need to understand one things first. Gold is not an investment! It is being used since ages for capital protection. Gold has other uses as well but let's just talk about its main use and that is capital protection. Also gold is extremely liquid which you can sell it at any point of time if you are in need of money. So there no way traditional people will choose bitcoin over gold. Because they prefer peace of mind.

In the other hand, bitcoin is for the aggressive investors who are willing to take risk in the market and also have a good amount of time in hand. That's why mostly millenials use bitcoin for investment. They can take risk and have longer period for investment.

So you see, not all investments are made for profit only! There are different goals for different types of investment. Let's just stop comparing cryptos with gold. It doesn't make sense!


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: skybot13x on August 11, 2021, 12:22:50 PM
I don't see a problem in picking up gold though. You need to understand one things first. Gold is not an investment! It is being used since ages for capital protection. Gold has other uses as well but let's just talk about its main use and that is capital protection. Also gold is extremely liquid which you can sell it at any point of time if you are in need of money. So there no way traditional people will choose bitcoin over gold. Because they prefer peace of mind.

In the other hand, bitcoin is for the aggressive investors who are willing to take risk in the market and also have a good amount of time in hand. That's why mostly millenials use bitcoin for investment. They can take risk and have longer period for investment.

So you see, not all investments are made for profit only! There are different goals for different types of investment. Let's just stop comparing cryptos with gold. It doesn't make sense!

But in terms of liquidation speed, availability, divisibility and mobility gold has zero chance to compete with Bitcoin. If you hold physical gold in your basement, you are by far inferiorly situated in terms of the aforementioned characteristics compared to holding Bitcoin. Now you could argue that nobody holds physical gold, but that is where the analogy of not your keys not your Bitcoin comes into play, and that would be not your physical gold not your gold.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: aoluain on August 11, 2021, 12:37:03 PM
I don't see a problem in picking up gold though. You need to understand one things first. Gold is not an investment! It is being used since ages for capital protection. Gold has other uses as well but let's just talk about its main use and that is capital protection. Also gold is extremely liquid which you can sell it at any point of time if you are in need of money. So there no way traditional people will choose bitcoin over gold. Because they prefer peace of mind.

In the other hand, bitcoin is for the aggressive investors who are willing to take risk in the market and also have a good amount of time in hand. That's why mostly millenials use bitcoin for investment. They can take risk and have longer period for investment.

So you see, not all investments are made for profit only! There are different goals for different types of investment. Let's just stop comparing cryptos with gold. It doesn't make sense!

But in terms of liquidation speed, availability, divisibility and mobility gold has zero chance to compete with Bitcoin. If you hold physical gold in your basement, you are by far inferiorly situated in terms of the aforementioned characteristics compared to holding Bitcoin. Now you could argue that nobody holds physical gold, but that is where the analogy of not your keys not your Bitcoin comes into play, and that would be not your physical gold not your gold.

The only comparison now between Gold and Bitcoin is how they are at different ends
of a spectrum. One is old school and has its decorative, technology and medical uses
and is antiquated in terms of investment, the other is a game changer in finance,
investment and technology.

In terms of individual personal aquisition they dont compare well, anyone can
own and hold Bitcoin, where do I buy $45,000 of Gold, How do I store it and where
can I spend it?


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Freezingel on August 11, 2021, 01:53:45 PM
Maybe people are saying that because they're more familiar with gold rather than bitcoin, and moreover, gold is a tangible thing, meanwhile bitcoin is not. People might feel more safe if they have the thing in their hand, like investing in gold, they can see and have the real gold in them, but with bitcoin, they don't have the shape, only knowing that it exists. Gold also had become the choice of investment for years, and we can't deny it's quite profitable sometimes, although not as great as bitcoin. But yeah, people tend to play safer so they think gold is better than bitcoin, though it might necessarily be true.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: cotton ball on August 11, 2021, 02:08:39 PM
do you still have thoughts of choosing gold over bitcoin,, in my opinion, i will choose both, because i know both have advantages and disadvantages of each, i still buy gold for my savings, because the risk of gold is low, and its profits even low, but I will buy bitcoin for my asset, even though the bitcoin price is falling now, but I will always be patient, to wait for the right time, to sell my bitcoin, to be able to profit in the future..


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: kryptqnick on August 11, 2021, 02:30:31 PM
If we look at gold and Bitcoin price charts, it seems that gold is a good store of value. If you have wealth, and you simply want to keep it that way, gold is a good option because it normally doesn't crash (like the stock market can) and doesn't devaluate (like fiat does). After years, you end up with roughly the same amount of wealth, give or take. As for Bitcoin, you might end up with way more than you used to have (2x-5x more), but if the timing isn't right, your wealth can also decrease by 50%-80% easily. So Bitcoin's for investments, gold's for keeping what you already possess IMO.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: pawanjain on August 11, 2021, 03:33:55 PM
Of course bitcoin is a better investment option than Gold due to it's high returns but at the same time it's good to have a diversified portfolio.
I have learnt from this forum that we should never put all our eggs in the same basket.
While investing in bitcoin for long term will give huge returns, I think we can invest a little portion into Gold as well to diversify the portfolio.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: bosede1 on August 11, 2021, 03:36:41 PM
I am not really into gold and I never felt like owing one because I don't really dabble into whatsoever investment I don't have a take on, so for now, I can't pick gold over bitcoin very glaring decision.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Fesatmas on August 11, 2021, 04:07:36 PM
Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles. I would prefer my investment in an asset that could give me higher double digits gains than an asset that can barely gives strong double digits gains and yet been called the safe heaven when it also poses same risk of a lost in value during trying times.


Both are good, but if I personally had to choose, then Bitcoin would be the choice. As most people say gold is only a store of fixed value to avoid a time if the fiat owned is hit by big inflation. Of course, the higher the risk, the higher the profit if the price continues to increase, and vice versa with the risk of loss.
But what people out there who think Bitcoin's risk is bad don't realize that Bitcoin won't fall into the bottom hole. While the issue that circulates and is dismissed by influencers who don't like Bitcoin is that it often says destruction.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: geegaw on August 11, 2021, 04:13:50 PM
Of course bitcoin is a better investment option than Gold due to it's high returns but at the same time it's good to have a diversified portfolio.
I have learnt from this forum that we should never put all our eggs in the same basket.
While investing in bitcoin for long term will give huge returns, I think we can invest a little portion into Gold as well to diversify the portfolio.

In bitcoin, we can also find things that can be diversified, I mean altcoins, they can be called different affiliates of bitcoin and each place will have a customer base with different needs, a precise location will help bring more profit because a new regional roadmap is easier to develop than an old one with quite a lot of saturation points like bitcoin. Diversification for gold is also possible but it is a different market and influenced by many different cultures from different countries and sectors, exploiting the route with them will take a lot of time


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Alert31 on August 11, 2021, 05:03:04 PM
Both gold and bitcoin are valuable but there are different advantage and disadvantages. Even if you invest in bitcoin, I think you also keep some gold in your house or wore in your body such jewelries, wristwatch, ect... Mostly old aged people are give more significance in gold but the new generation would prefer bitcoin over gold. Also people who don't know yet about bitcoin will surely invest invest in gold as a tangible asset but like us who knows bitcoin and how it works would love bitcoin because it can give us huge return even in a short period of time although it was very risky and volatile.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: avikz on August 11, 2021, 05:30:11 PM
I don't see a problem in picking up gold though. You need to understand one things first. Gold is not an investment! It is being used since ages for capital protection. Gold has other uses as well but let's just talk about its main use and that is capital protection. Also gold is extremely liquid which you can sell it at any point of time if you are in need of money. So there no way traditional people will choose bitcoin over gold. Because they prefer peace of mind.

In the other hand, bitcoin is for the aggressive investors who are willing to take risk in the market and also have a good amount of time in hand. That's why mostly millenials use bitcoin for investment. They can take risk and have longer period for investment.

So you see, not all investments are made for profit only! There are different goals for different types of investment. Let's just stop comparing cryptos with gold. It doesn't make sense!

But in terms of liquidation speed, availability, divisibility and mobility gold has zero chance to compete with Bitcoin. If you hold physical gold in your basement, you are by far inferiorly situated in terms of the aforementioned characteristics compared to holding Bitcoin. Now you could argue that nobody holds physical gold, but that is where the analogy of not your keys not your Bitcoin comes into play, and that would be not your physical gold not your gold.

There is no comparison itself. That's what I am trying to say here! 

Usage of Gold - capital protection, making ornaments etc.
Usage of bitcoin - Currency, Investment

Where are finding similarities?

Bitcoin has given us excellent returns over the last few years. I am one of those people who were benefitted from bitcoin. But bitcoin and gold are not same! They shouldn't be compared at the first place!


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Maidak on August 11, 2021, 05:53:13 PM
It's quite surprising how people still consider gold a more profitable investment than Bitcoin.

Gold is not more profitable, but, at least in theory, it's safer since the daily price fluctuation is rather small.
Also, while we are now in the middle of bull run, clearly gold cannot match investments in bitcoin.. but the history tells that bitcoin bull run doesn't last forever. When the fiesta ends (temporarily) and price will go down, then gold can become a good place for storing wealth until a new bull run will start.

Does it seem gold is working as a stable coin? cause when bull runs end normally we cryptocurrency holders convert our holdings into a stable coin, more likely USDT/BUSD/USDC.
If so then why do we need gold rather we can use any stable coin or fiat money cause that's are less fluctuated than Gold.
The popularity of gold is caused for 10T market cap, that's doesn't matter, Bitcoin can surpass those market caps in a blink of an eye. Just stop people to spread out FUD.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: NeuroticFish on August 11, 2021, 08:08:07 PM
Does it seem gold is working as a stable coin? cause when bull runs end normally we cryptocurrency holders convert our holdings into a stable coin, more likely USDT/BUSD/USDC.
If so then why do we need gold rather we can use any stable coin or fiat money cause that's are less fluctuated than Gold.

Gold is better than the stable coins you've mentioned. Imho gold can be considered more stable than fiat and the stable coins, since fiat and the fiat-pegged stable coins are hit by inflation. So it's usually not the gold rising, it's the fiat falling, but the chart is no different.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: tanjiran on August 11, 2021, 08:16:57 PM
actually comparing crypto to physical assets is very useless. no matter how profitable a crypto coin is, there will always be a risk of dumping, missing, not being recognized, wallet hacking, etc. if you don't have the readiness to face that risk, it will be very risky, whatever crypto coins you hold.
while gold, has been legally recognized, exists in physical form, and is official. not wise to compare the two, each has advantages and disadvantages, I always remind that the risk in crypto is greater.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Welsh on August 11, 2021, 08:34:10 PM
I can understand why people would invest in gold. Lets be honest here; Bitcoin is a young currency, and has a extremely volatile market, which is certainly not for the faint of heart. Gold has been used for decades upon decades as a store of value, and that reinforces the belief that its a safe investment, while Bitcoin starts the alarm bells ringing because its relatively young compared to any currency out there. Obviously, Bitcoin has some obvious benefits to investing into it, and that's not solely based on the fact that it has the potential to exponentially increase in price.  

actually comparing crypto to physical assets is very useless. no matter how profitable a crypto coin is, there will always be a risk of dumping, missing, not being recognized, wallet hacking, etc. if you don't have the readiness to face that risk, it will be very risky, whatever crypto coins you hold.
while gold, has been legally recognized, exists in physical form, and is official. not wise to compare the two, each has advantages and disadvantages, I always remind that the risk in crypto is greater.
You largely have the same problems with any asset, including physical assets. Physical assets can be stolen, misplaced, and are subject to the potential of becoming less valuable. Gold is probably one of the best assets out there, but it isn't invulnerable from dropping in value. I think we'll see Gold drop more, and more once cryptocurrencies, in particular Bitcoin becomes more adopted by the general public. The world is moving to a digital world after all, in almost all aspects.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: DarkDays on August 11, 2021, 10:33:08 PM
It's quite surprising how people still consider gold a more profitable investment than Bitcoin. Guess they're not familiar with the saying, 'the higher the risk, the greater the reward'. Although this doesn't mean you should go taking uncalculated risk as that'll be a deadly move that could cost you all your funds. Bitcoin has shown time without number that it's the better investment vehicle than Gold and it just did it again

Just came across this article and think it'll be best I shared it here for the doubters still hoping for their previous metal to recover while they keep on missing out on the chance to partake in one of life greatest innovation.

Quote from:  One Bitcoin now buys 0.6 kilograms of gold as 10-year returns turn negative
As of Tuesday, fresh data shows that Gold/USD traded 3.7% lower than it did in the same day in 2011.
Source: https://cointelegraph.com/news/one-bitcoin-now-buys-0-6-kilograms-of-gold-as-10-year-returns-turn-negative

Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles.

No matter what source you look at the outcome is always the same - Bitcoin getting their investors more return than any other type of rare metal or commodity (see table below) source here (https://medium.com/blockchain/the-final-crypto-adoption-frontier-c4907117f530).

Table 1: Price Comparison: Bitcoin, Ethereum, Gold, US Equities, Long-dated US Treasuries, US Dollar (% Change)

https://i.imgur.com/2dUS3UI.png


The fact that people who say that BTC is not a profitable long-term investment are those who clearly don't know much about investing to begin with as any

numerically inclined person would look at the data and see that crypto is providing opportunities beyond traditional markets. Yes, the risk is equally measured but

you can at least invest based on your risk level.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Dread Pirate Roberts on August 11, 2021, 10:40:05 PM
It's quite surprising how people still consider gold a more profitable investment than Bitcoin. Guess they're not familiar with the saying, 'the higher the risk, the greater the reward'. Although this doesn't mean you should go taking uncalculated risk as that'll be a deadly move that could cost you all your funds. Bitcoin has shown time without number that it's the better investment vehicle than Gold and it just did it again

Bitcoin has repeatedly shown itself as an investment asset and a digital commodity that is far better than gold. but i believe there is many people are know this but also still closing themselves to crypto and bitcoin, and missed many opportunity . and the same thing will happen again in the future.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: lalabotax on August 11, 2021, 10:45:00 PM
Actually, both Gold and Bitcoin are my favorite investment.
When I have money and I can manage the two, why not?
I will not pick only one of them but both. For, Bitcoin is a very worthy investment with its high surprise every several years later.
And gold is also a worthy investment, this is also safer than Bitcoin.
Well, if we can take advantages of both gold and Bitcoin, it is no matter for me, not to compare each of them, but only by holding them in investment


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: macson on August 11, 2021, 11:35:11 PM
snip
many people still have no knowledge about investing, on average it happens because they don't want to accept new things.  Bitcoin is much more profitable than gold even though the price is volatile.  gold is an investment for people who have a safe mind and old man, while Bitcoin is a promising investment that many people who have great minds buy.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: ene1980 on August 11, 2021, 11:52:01 PM
~
Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles. I would prefer my investment in an asset that could give me higher double digits gains than an asset that can barely gives strong double digits gains and yet been called the safe heaven when it also poses same risk of a lost in value during trying times.
Everyone invests in gold because it is a safe heaven with less volatility but you cannot expect them to rally like we see in cryptocurrency. If you like taking risk and investing in Bitcoin, it is your choice but majority like to have a more stable asset they can trust during crisis situation especially during a war or during economic meltdown and you cannot predict what would be the state of cryptocurrency during those crisis phase.



Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: oktana on August 11, 2021, 11:57:47 PM
Bitcoin and Gold are both cool investment. You cannot fully blame those who pick Gold over Bitcoin because Bitcoin has a higher volatility than Gold. Some people prefer slow and steady than something that isn't fully stable. Imagine buying Bitcoin at $46k and then tomorrow morning it's at $43k. You may say it's not a problem because you believe it'll come back up but not everyone can handle it. Both investments have their advantages and disadvantages.

In the last few years, the growth rate of Bitcoin has been 100 times higher than that of Gold. So it doesn't work to compare Bitcoin with gold. Gold will never come close to the growth rate of Bitcoin.

Gold is for weak-hearted old people, New generation is always welcome to changes/revolution.

Just had to pick out certain things that you said. Here's the thing; you cannot really compare both assets. Bitcoin has been 1000 higher than gold. But understand that there's quite some risks too. Gold doesn't fluctuate like Bitcoin. In as much as Bitcoin can pump to as high as it can, it can also dump with such speed. So, don't make Bitcoin seem like the god here. They are both in the same category and have their pros and cons.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: KennyR on August 11, 2021, 11:59:28 PM
snip
many people still have no knowledge about investing, on average it happens because they don't want to accept new things.  Bitcoin is much more profitable than gold even though the price is volatile.  gold is an investment for people who have a safe mind and old man, while Bitcoin is a promising investment that many people who have great minds buy.
Bitcoin is much more profitable than gold, but what the common man think is liquidity. I don't say bitcoin doesn't have liquidity, but we haven't got access to provide bitcoin as a collateral on a banking system and get loans. Maybe in the future this can happen as some banks have started to work with cryptocurrency.

Common people always get into the risk free form of savings than risky investments. The market fluctuation has the potential to bring big profit as well as end into loss if we don't play good. This makes them choose gold over bitcoin even when they knew bitcoin has the potential to give big profit than gold.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: yazher on August 12, 2021, 01:21:38 AM
Bitcoin and Gold are both cool investment. You cannot fully blame those who pick Gold over Bitcoin because Bitcoin has a higher volatility than Gold. Some people prefer slow and steady than something that isn't fully stable. Imagine buying Bitcoin at $46k and then tomorrow morning it's at $43k. You may say it's not a problem because you believe it'll come back up but not everyone can handle it. Both investments have their advantages and disadvantages.

Those guys who choose gold over bitcoins don't think about profit anymore they just wanted to keep the value of their assets as safe as possible. When people want to take the risks for their assets to grow, bitcoins are the right answer for that but of course with proper research and patience to hold it until the right price to sell it comes. Many people are still hard-headed that they won't take any risk to grow their money because they've worked hard for it but those who have some courage to do so, has already got some successful results.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Levero on August 12, 2021, 03:36:44 AM
Gold has a long history in history. It is almost the same as the history of human civilization. It has gone through many historical tests, and people all over the world now recognize the value of circulating gold. Investing in gold has a clear profit. Although the profit is relatively slow, it faces less risk and is safer.
With the emergence and popularity of Bitcoin, more people are now aware of the benefits of Bitcoin and choose to invest in Bitcoin.
The number of bitcoins is constant, with a total of only 21 million, and will never be issued. From the perspective of scarcity, Bitcoin has a lot of room for appreciation in the future value.
Compared with gold, Bitcoin is more portable and easier to store. Save Bitcoin in the wallet and store the private key to make transactions and transfers on the Internet, and cross-border transactions are more convenient and faster.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Renampun on August 12, 2021, 05:11:40 AM
The thought of investing in gold before getting to know Bitcoin, I believe many people out there also invest in gold because they don't know Bitcoin or don't understand and know how the benefits will be if investing in Bitcoin. if there are still people who still choose to invest in gold, those are people who don't want to take risks in their investments of course as you said, the higher the risk, the greater the opportunity for profit, meaning if there are still people who don't want to take risks, it means they don't want to lose their assets even if no profit is made.
There are still many out there who don't want to take any risks...

It's true that investing in bitcoin is full of risks, but the profit that can be obtained is very much in accordance with the amount of risk that may be obtained. those who only believe in gold and don't choose bitcoin are definitely not people who dare to take risks.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: kotajikikox on August 12, 2021, 05:29:13 AM
It's quite surprising how people still consider gold a more profitable investment than Bitcoin. Guess they're not familiar with the saying, 'the higher the risk, the greater the reward'. Although this doesn't mean you should go taking uncalculated risk as that'll be a deadly move that could cost you all your funds. Bitcoin has shown time without number that it's the better investment vehicle than Gold and it just did it again

Just came across this article and think it'll be best I shared it here for the doubters still hoping for their previous metal to recover while they keep on missing out on the chance to partake in one of life greatest innovation.

Quote from:  One Bitcoin now buys 0.6 kilograms of gold as 10-year returns turn negative
As of Tuesday, fresh data shows that Gold/USD traded 3.7% lower than it did in the same day in 2011.
Source: https://cointelegraph.com/news/one-bitcoin-now-buys-0-6-kilograms-of-gold-as-10-year-returns-turn-negative

Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles. I would prefer my investment in an asset that could give me higher double digits gains than an asset that can barely gives strong double digits gains and yet been called the safe heaven when it also poses same risk of a lost in value during trying times.
only those kind of people that afraid of the risk are investing in Gold instead of Bitcoin because they tend to put their money with small chance of losing yet they are gaining only a little comparing to bitcoin.

imagine gold gaining 1-10% per annum when in bitcoin you can earn more than 10x of your investments in a matter of 1-5 years.

but lets respect their decision as they own the funds , and lets just do our things in crypto as we have already experience the profit and not afraid of losing.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: junmisakiro on August 12, 2021, 05:42:05 AM
Gold is an investment or hedging asset that has been popular for a long time, although they realize that investing in gold will only provide a small return, they feel very safe investing in gold so far, so they don't want to try to switch to other investments. But if I personally prefer bitcoin over gold as an investment even though bitcoin has a higher risk than gold.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: skybot13x on August 12, 2021, 08:19:00 PM
I don't see a problem in picking up gold though. You need to understand one things first. Gold is not an investment! It is being used since ages for capital protection. Gold has other uses as well but let's just talk about its main use and that is capital protection. Also gold is extremely liquid which you can sell it at any point of time if you are in need of money. So there no way traditional people will choose bitcoin over gold. Because they prefer peace of mind.

In the other hand, bitcoin is for the aggressive investors who are willing to take risk in the market and also have a good amount of time in hand. That's why mostly millenials use bitcoin for investment. They can take risk and have longer period for investment.

So you see, not all investments are made for profit only! There are different goals for different types of investment. Let's just stop comparing cryptos with gold. It doesn't make sense!

But in terms of liquidation speed, availability, divisibility and mobility gold has zero chance to compete with Bitcoin. If you hold physical gold in your basement, you are by far inferiorly situated in terms of the aforementioned characteristics compared to holding Bitcoin. Now you could argue that nobody holds physical gold, but that is where the analogy of not your keys not your Bitcoin comes into play, and that would be not your physical gold not your gold.

The only comparison now between Gold and Bitcoin is how they are at different ends
of a spectrum. One is old school and has its decorative, technology and medical uses
and is antiquated in terms of investment, the other is a game changer in finance,
investment and technology.

In terms of individual personal aquisition they dont compare well, anyone can
own and hold Bitcoin, where do I buy $45,000 of Gold, How do I store it and where
can I spend it?


Not sure you understood me or just rephrased what I said, but what you said is just what I said! ;)

That's the problem, you can only purchase certificates or any other derivative, but holding physical gold, especially in larger amounts, is totally impractical. The only advantage gold has over Bitcoin is its use cases apart from being a store of value. But even there you could argue that Bitcoin has use cases that go way beyond what Gold could ever achieve. There are still hardcore Gold maximalists there days though who now feel afraid that an algorithmic currency is going to destroy their dream to become rich with precious metals.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Maslate on August 12, 2021, 10:09:41 PM
The thought of investing in gold before getting to know Bitcoin, I believe many people out there also invest in gold because they don't know Bitcoin or don't understand and know how the benefits will be if investing in Bitcoin. if there are still people who still choose to invest in gold, those are people who don't want to take risks in their investments of course as you said, the higher the risk, the greater the opportunity for profit, meaning if there are still people who don't want to take risks, it means they don't want to lose their assets even if no profit is made.
There are still many out there who don't want to take any risks...

It's true that investing in bitcoin is full of risks, but the profit that can be obtained is very much in accordance with the amount of risk that may be obtained. those who only believe in gold and don't choose bitcoin are definitely not people who dare to take risks.
I understand the capabilities and market understanding will serve as the hindrance of having an interest in Bitcoin investment. I don't blame them if not investing in Bitcoin as they have the choice of what they will prioritize and sad to say that poor people are less fortunate. If we all just have the capacity to invest, I think that the 21mil Bitcoin market supply has already been reached or the value of Bitcoin is higher than its current price.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Igebotz on August 12, 2021, 11:00:14 PM
Still, considering gold as a store of value? Someone should reach out to Peterschiff dude is in a terrible mess

It's quite surprising how people still consider gold a more profitable investment than Bitcoin. Guess they're not familiar with the saying, 'the higher the risk, the greater the reward'. Although this doesn't mean you should go taking uncalculated risk as that'll be a deadly move that could cost you all your funds. Bitcoin has shown time without number that it's the better investment vehicle than Gold and it just did it again

https://i.imgur.com/2Cs27W8.jpg


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: TelolettOm on August 12, 2021, 11:16:33 PM
So confusing haha
Because Gold is very valuable. But, Bitcoin is also very valuable. Can we take both than only picking one?
In my belief, Gold is something that is also important to have because of its value.
However, I also know Bitcoin and although this is riskier, this is also very valuable and can give me more money than gold.
so, it may be better for me to have both if I can do more.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: B-Bit on August 13, 2021, 01:52:01 AM
Both are scarcity limits. It is okay to invest in gold or bitcoin. You have enough money, and you can invest both together.
Gold is a relatively stable investment, and gold also has value preservation. Compared to Bitcoin, gold is an entity.
The volatility of Bitcoin provides investment opportunities for everyone. Bitcoin is a technology. Technology is higher than product.
I will choose to invest in Bitcoin.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: ethereumhunter on August 13, 2021, 05:58:23 AM
Bitcoin is a good long-term and liquid investment at any given time. Gold is also a good investment but has little increase in value compared to Bitcoin.I would choose Bitcoin and gold because they are both good. Of course most of my money will be in Bitcoin.
People choose gold because the gold value is more stable compare to bitcoin. If they know that using bitcoin as their investment can give them a big profit in the future, they will also use bitcoin for their investment, even they will use bitcoin for the main investment instead of using gold. But they can still use gold for the investment. Yes, I also choose bitcoin and gold for my investment and bitcoin will become my main investment.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Saltius on August 13, 2021, 07:46:10 AM
Do you still have thoughts of picking Bitcoin over Ethereum(Or any shitcoins being pumped higher).

Haven't you guys realised that any arguements you made against gold for bitcoin that can be simply changed and used against bitcoin for shitcoins, are invalid.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: isaac_clarke22 on August 13, 2021, 08:14:44 AM
Well just because it is volatile does not make it not manageable. There are just those people going crazy over the "volatile" price of Bitcoin making them think that they'll easily lose their money.
Sure, they'll lose their money if they had invested everything in their stash but if they just invest something that they don't mind losing, it's manageable.
Oh and gold is regulated as well. I don't want anyone involved when I hold my investment. My money, my responsibility. I don't want any other authorities involved.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Wakate on August 13, 2021, 08:30:32 AM
It's quite surprising how people still consider gold a more profitable investment than Bitcoin. Guess they're not familiar with the saying, 'the higher the risk, the greater the reward'. Although this doesn't mean you should go taking uncalculated risk as that'll be a deadly move that could cost you all your funds. Bitcoin has shown time without number that it's the better investment vehicle than Gold and it just did it again

Just came across this article and think it'll be best I shared it here for the doubters still hoping for their previous metal to recover while they keep on missing out on the chance to partake in one of life greatest innovation.

Quote from:  One Bitcoin now buys 0.6 kilograms of gold as 10-year returns turn negative
As of Tuesday, fresh data shows that Gold/USD traded 3.7% lower than it did in the same day in 2011.
Source: https://cointelegraph.com/news/one-bitcoin-now-buys-0-6-kilograms-of-gold-as-10-year-returns-turn-negative

Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles. I would prefer my investment in an asset that could give me higher double digits gains than an asset that can barely gives strong double digits gains and yet been called the safe heaven when it also poses same risk of a lost in value during trying times.
To reason with you, then I think we have to ask ourselves these question. Since the existence of Gold as an asset, how many persons had it enriched? Probably the rich and those who could mine it, having an excess to it. Only the rich could buy gold, so what happened to the poor masses. Gold is limited since it existence with few number of persons having it in custody.

✓Now let's looks at Bitcoin, with the few supplies of Bitcoin so many investors had been enriched by just buying and holding.

 ✓Bitcoin had really create a chance for other development of coins expanding the cryptocurrency market.

✓A lots of job opportunities had being created increasing the numbers of wealthy persons on this planet Earth. There are many reasons why I would choose Bitcoin over Gold.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: rossjamie on August 13, 2021, 08:32:24 AM
I picking both.

1. Bitcoin is for speculative long-term investment. It's better than gold for the price, but it is vulnerable to technical failure. Let's assume the worst-case like the entire world got blackout and traditional electricity is gone, the blockchain is still alright because we have blockchain satellite but the hash rate is gone because of no internet connection neither the pool nor the miner. So, who will buy it? everyone will dump their crypto coin for the gold (In this case fiat in the same situation as crypto because ATM is not working and the Bank is offline)

2. Gold is invulnerable to technical failure and political situations but not good for high return investment, but it's a good saving for the worst situation in this world. It has been proven for centuries as a medium of exchange and never dies.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Distinctin on August 13, 2021, 09:13:52 AM
It's quite surprising how people still consider gold a more profitable investment than Bitcoin. Guess they're not familiar with the saying, 'the higher the risk, the greater the reward'. Although this doesn't mean you should go taking uncalculated risk as that'll be a deadly move that could cost you all your funds. Bitcoin has shown time without number that it's the better investment vehicle than Gold and it just did it again

Just came across this article and think it'll be best I shared it here for the doubters still hoping for their previous metal to recover while they keep on missing out on the chance to partake in one of life greatest innovation.

Quote from:  One Bitcoin now buys 0.6 kilograms of gold as 10-year returns turn negative
As of Tuesday, fresh data shows that Gold/USD traded 3.7% lower than it did in the same day in 2011.
Source: https://cointelegraph.com/news/one-bitcoin-now-buys-0-6-kilograms-of-gold-as-10-year-returns-turn-negative

Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles. I would prefer my investment in an asset that could give me higher double digits gains than an asset that can barely gives strong double digits gains and yet been called the safe heaven when it also poses same risk of a lost in value during trying times.
To reason with you, then I think we have to ask ourselves these question. Since the existence of Gold as an asset, how many persons had it enriched? Probably the rich and those who could mine it, having an excess to it. Only the rich could buy gold, so what happened to the poor masses. Gold is limited since it existence with few number of persons having it in custody.

✓Now let's looks at Bitcoin, with the few supplies of Bitcoin so many investors had been enriched by just buying and holding.

 ✓Bitcoin had really create a chance for other development of coins expaanding the cryptocurrency market.

✓A lots of job opportunities had being created increasing the numbers of wealthy persons on this planet Earth. There are many reasons why I would choose Bitcoin over Gold.
Since bitcoin is not as popular as gold, in the eyes of the people particularly those who believe in traditional assets, gold overcome the value of bitcoin. But in our own eyes, bitcoin is definitely the topmost investment. So i don't have any doubts investing my capital into bitcoin because the returns is such incomparable. If only we can be more educated with the latest innovation technology, then we can simply conclude that bitcoin and gold are totally different.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Republikcoin.com on August 13, 2021, 02:31:38 PM
You must know that the number of people who know gold is greater than the number of people who know Bitcoin. Here the role of media marketing is very important, especially for retirees who spend the rest of their lives gardening with abundant money.
If I get a chance to vote, my inclination is 25% I put in Gold, and 75% I put in Bitcoin. I want to survive and want to make big profits from Bitcoin with its volatile nature.
Gold is useful as the last backup asset when something tragic happens to my Bitcoin like a wallet hack or something worse.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: ninabobo on August 13, 2021, 05:53:12 PM
It interest me when I see people still choosing gold over bitcoin, am like seems this people don't really know what they are doing or maybe they just don't know much about bitcoin, then I got to find out that these people sees gold as a safe heaven and good store of value, so this means they are afraid of bitcoin volatility and feels gold is better, well it's obvious there are wrong at this point, truly bitcoin price is volatile, yes but check it's price from 3 years ago, a person who saves his income in bitcoin right from that time, should have been up ×3 richer, hodl bitcoin and bear in mind that no matter the volatility it will still rise after the dip in price, what is needed is just time.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Mcphail on August 14, 2021, 09:33:49 AM
If you just want to store value without depreciating your assets, I suggest buying gold.

But if you want more and more value, of course, the risk is also high, and short-term price fluctuations can be accepted, I suggest buying Bitcoin.
I will not hesitate to hold Bitcoin.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Obito on August 14, 2021, 09:53:11 AM
If you just want to store value without depreciating your assets, I suggest buying gold.

But if you want more and more value, of course, the risk is also high, and short-term price fluctuations can be accepted, I suggest buying Bitcoin.
I will not hesitate to hold Bitcoin.

There are better options out there that's going to yield you more profit out of appreciation than gold, there's blue chip stocks, index funds, Roth IRA, and real estate. Gold isn't the best option, it's just a shiny metal that our primitive brain still thinks is precious, same thing with diamonds, they're valued because of conspiracy to make them scarce and valuable.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: glendall on August 14, 2021, 01:48:40 PM
yes I still choose gold for tangible investments, because in my area I don't know much about bitcoin, indeed bitcoin provides fast profits compared to gold but having a lot of physical gold in my area is an upper class economic gap,
but open means i don't like or don't buy bitcoin i still invest in bitcoin


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: dothebeats on August 14, 2021, 02:12:09 PM
Gold is still one of those assets that will be timeless, given its reputation to a lot of people in this world. I myself would personally not stash precious metals, or even buy a certificate of me owning one, but I still view gold as something that can hold value over time. It can gain value, too, but not as good as bitcoin can. For those who just want to safeguard assets, gold is a good choice, but for those who wanted more from what they have (plus those who are not faint-hearted), bitcoin is the better option.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: LimLims on August 14, 2021, 02:46:52 PM
That’s a well informed OP and kudos for sharing it.
I too support BTC in every aspect, but now we dealing with people’s choice.
People have the right to make any decisions they want and they will.
What we can do is that educate them about BTC as much more as possible.
The ones who can understand the real value of BTC over gold will surely get the success.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: sherenikaw on August 14, 2021, 11:09:26 PM
Investments in gold or bitcoin both have their respective advantages. It all depends on their beliefs, if they are not familiar with bitcoin or other cryptos of course they will prefer gold investment. So all of them have their own choice to choose gold or bitcoin investment. Personally, if I had to choose, I would definitely choose bitcoin investment because I already know little by little the benefits that can be obtained if you invest in bitcoin and cannot be obtained in other investments. For people who have a little patience maybe investing in bitcoin is not the right thing because here it takes patience, thoroughness and also perseverance to continue to explore knowledge until the desired goal is achieved.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: CryptopreneurBrainboss on August 15, 2021, 06:08:29 AM
I still consider buying one, not a lot but enough to be a good way to store a small amount of money, I can't go all in in crypto, that's going to be bad if all of my investments go down right? Plus, it's not like it's a really bad investment at all, gold and bitcoin are different things, I just want to make sure that I cover the bases.

If the idea behind that is diversifying then that's a good choice as owning some gold is a good example. Those thinking having multiple alts is then diversifying are still not enlightened. Infact a combination of any other assets that isn't correlated to Bitcoin is perfect and that I don't have problem with that.

I personally own some local stocks and hoping to get into the internationally sock market anytime soon. If you're combining both investment, I don't have an issue with that but where my argument was focused on is when you pick Gold over Bitcoin for it's profitablity.

Golds profitablity days are over when comparing it to Bitcoin, the returns of investment Bitcoin can give can't be compared to that of Gold as the difference is very clear. If I was to pick an investment for my safe heaven, Bitcoin has to be the choice. But again just as @Twinkledoe has said, it's a personal preference.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Karartma1 on August 15, 2021, 06:19:00 AM
Gold has been circulating as a currency for thousands of years and has many industrial purposes, as well as serving as a key metal in the jewelry market. Its essential functional uses mean that demand is constant and it is a safe investment, as you can be assured that demand will maintain a fairly stable price (ranging 1200-1900 $ in recent years).
Being a physical asset, it remains safe in times of economic adversity and is considered a great store of wealth and hedge against inflation. In addition to trading on gold as a commodity, you can also invest by simply buying gold coins and bars.
Still, I believe Bitcoin has far superior properties but I'm keeping a 5% allocation for the golden metal since I believe after a thousand years it can have a place in any portfolio.



Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: bitzizzix on August 15, 2021, 06:26:10 AM
Gold and bitcoin are very good and promising investments, but bitcoin promises more returns than gold and the reason gold is more popular than bitcoin is because gold was known to everyone before bitcoin.
and but over time I believe gold users will switch to bitcoin after knowing and getting to know bitcoin more deeply and in my opinion it has been proven after the bitcoin price reached its highest price and many gold users switched to bitcoin.

and i personally invest the way i invest in bitcoin and my wife invest in gold, and if there is an urgent need we sacrifice gold to sell instead of bitcoin and after i profit from bitcoin a small part i give to my wife to buy gold and it continues like that.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: marine4u on August 15, 2021, 10:02:32 AM
Do you still have thoughts of picking Bitcoin over Ethereum(Or any shitcoins being pumped higher).

Haven't you guys realised that any arguements you made against gold for bitcoin that can be simply changed and used against bitcoin for shitcoins, are invalid.
It's hard to believe and there's no reason to do so while the best performing indicators in the market, it's impossible to pick out simply distorted shitcoins over bitcoin or Ethereum.  Some shitcoins don't have any significant utility compared to their value and people still play with each other.  Until gold is produced artificially, it will gradually lose its net worth.  Bitcoin is the only thing


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: GeorgeJohn on August 15, 2021, 10:17:23 AM
From my perspective i comprehend that people values thing's they are familiarized with, because it's obvious that bitcoin is not orderly like Gold, and also we really develop much interest for what they know, those set of individuals that values or prefer Gold more than cryptocurrency and especially bitcoin have a vital objectives for doing that, so likewise us that found ourselves into bitcoin kingdom prefer bitcoin more than gold also, but at this era i think bitcoin dominate or i might say it's more influential than any digital currencies because of it's diversification of importance in society currently.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: maisao1991 on August 23, 2021, 12:11:09 PM
in my opinion BTC and gold can be considered as great investment places, each person has a different investment style and different risk, talking about gold when we buy can invest and make jewelry, but about BTC you can just store it and put it in a certain corner, according to each person's way of thinking that they want to invest in it.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Dilladupak on August 23, 2021, 12:24:12 PM
People who are new to Bitcoin, or people who don't know Bitcoin at all will not believe in Bitcoin that Bitcoin can provide faster and greater profits than Gold.
But for people who are already familiar with Bitcoin even though they know the big risk when investing in Bitcoin, they will still choose Bitcoin over Gold for Investment.
I myself buy Gold not for investment, but just for jewelry. 
Bitcoin remains the number one investment today with huge profit potential.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: zanezane on August 23, 2021, 12:28:05 PM
in my opinion BTC and gold can be considered as great investment places, each person has a different investment style and different risk, talking about gold when we buy can invest and make jewelry, but about BTC you can just store it and put it in a certain corner, according to each person's way of thinking that they want to invest in it.
Bitcoin's much better than gold, gold isn't a great investment, you pay a maintenance fee for it in my country if you invest and you don't exactly hold the gold when you buy it. And bitcoin is much better because it can go up in prices that even the Index Fund which is the best way to invest in stocks can't copy.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Ali771samir on August 23, 2021, 12:45:35 PM
I think the future belongs to that bitcoin, but we must not forget that gold has always been a very good and safe area for investors and will be the same in the future, but bitcoin will be higher than gold and bitcoin will be rarer in the future. It will be made of gold


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Kittygalore on August 23, 2021, 12:59:35 PM
I think the future belongs to that bitcoin, but we must not forget that gold has always been a very good and safe area for investors and will be the same in the future, but bitcoin will be higher than gold and bitcoin will be rarer in the future. It will be made of gold
Gold's hot in the eyes of a malicious person so it's not an advisable investment unless there's a safekeeping and it's going to cost a lot of money for a little amount, unlike with bitcoin, you can probably buy bitcoin and double or even quadruple your money in a short amount of time compared to what you can get with gold in the same amount of time.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Cangkeman Wae on August 23, 2021, 02:07:31 PM
People who are new to Bitcoin, or people who don't know Bitcoin at all will not believe in Bitcoin that Bitcoin can provide faster and greater profits than Gold.
But for people who are already familiar with Bitcoin even though they know the big risk when investing in Bitcoin, they will still choose Bitcoin over Gold for Investment.
I myself buy Gold not for investment, but just for jewelry. 
Bitcoin remains the number one investment today with huge profit potential.

Bitcoin is becoming a very profitable investment choice today compared to gold or others, all economic news always makes bitcoin and cryptocurrencies the headlines so that bitcoin's popularity continues to increase.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: swiftbits on August 23, 2021, 02:52:12 PM
Some people see it as a safer option cause the price didn't fluctuate as bitcoin does.
I'm buying some gold accessories as a small investment, but I still preferred Bitcoin as we live in an internet age.
There are many investment options accessible on the internet, do some research and pick your choice.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Liamttw on August 24, 2021, 06:40:04 AM
You can choose to invest in bitcoin and gold at the same time. Gold can obtain relatively stable profits. When the price of bitcoin rises, you can earn more. When the price of bitcoin drops, don't panic, let alone buy and sell blindly.
Gold exists in physical form, and it is an asset recognized by national laws. Investing in gold has relatively stable profits and less risk, and it is safer than bitcoin. And bitcoin is very profitable. Investing in bitcoin will get a lot of profits, and it can even double. But it is an asset with high volatility, the price is very unstable, and the risks that need to be faced are great.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: bitterguy28 on August 24, 2021, 09:52:46 AM
I think it is how people look about gold to be more profitable than Bitcoin , it is just More people still don't trust Bitcoin so they prefer Gold to be investing .
but it does not necessarily mean they believe more in Gold interms of profiteering , instead it is the assurance that they are seeking in gold.
people like them are the one we can call To see is to believe, in which Holding gold is more secure for them than Virtual money.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: rikybrosh on August 24, 2021, 10:46:50 AM
Actually I don't think that gold is a profitable investment. I think gold is only to secure our wealth, it is protect us from inflation. In my opinion the price of gold always goes in line with commodity price. But I will still buy gold because sometimes if I don't know what I have to do with my money then buy gold is the easiest way to escape from inflation. Now I don't buy gold since I know about bitcoin and other cryptocurrencies. I also have some business plans so for now I don't need to buy gold.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: lienfaye on August 24, 2021, 11:03:35 AM
Bitcoin is better than gold when it comes to return that you would get for a short period, its high risk but the profit is undeniably huge depending on how much you invest and the percentage of bitcoin's increased.

But gold is existing for long years already before bitcoin is created thus many people who are not a fan of crypto still prefer gold as better investment plus the fact that it has a physical form.

I am collecting gold jewelries as my accessories and investment as well but I cant deny that bitcoin as an investment is way better in all aspect. Although the price is fluctuating, still, its a reliable way to earn that you wont need to wait longer since bitcoin is high volatile.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: decodx on August 24, 2021, 11:10:05 AM
Bitcoin is not just a cryptocurrency or an investment asset, it is a revolutionary technology. It's a new technology, it's a new asset, it's a concept for the future. We have to accept that.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: seramania on August 26, 2021, 03:51:13 PM
usually people who choose gold do not know the importance of bitcoin widely. they just want to invest safely and also avoid big risks, and gold is the best choice at this time. so in my opinion it should be balanced for 50% investment to bitcoin and 50% to gold to be stable. but back again to the mindset of the people, can you do that or choose one for investment


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Suharti12 on August 26, 2021, 04:04:11 PM
I don't like investing in Gold at all, because I've done that many times, but the length of time I've kept gold with the profits I get is very far compared to my investment in Bitcoin. 
Indeed Bitcoin has a rapidly changing value, but in Bitcoin we can get a much bigger profit than Gold. 
Only people who don't dare to take big risks still choose Gold, and that's not my type right now.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Spack17 on August 26, 2021, 04:24:43 PM
To be honest, I don't prefer one of them over the other. I make investments into gold and Bitcoin both. Because actually, these two both have a really bright future. Fiat money will be gone after a point. First, we will see an economic recession and it will make fiat money nearly worthless. After some time, goverments will start releasing their own digital currencies. And then, they will take the place of fiat currencies.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: BOAEDAN on August 26, 2021, 04:33:56 PM
In my opinion, people who are just learning the crypto business should not blame people who choose gold, because people who choose to own gold certainly have their own reasons, maybe they are afraid of risk, because we know. the price of gold is very stable, but the profits we get are small, but if we choose bitcoin we will definitely be faced with risks, but the benefits we get are definitely worth the risk we bear, because investing in bitcoin takes patience and a long time. the term, to be able to profit, because bitcoin is a long-term asset.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: DeathAngel on August 26, 2021, 04:43:03 PM
I don’t need to read anything to convince me that bitcoin is a better investment than gold. There are many better things to invest in than good these days, the price has been stagnant for a very long time now.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: decodx on August 26, 2021, 04:54:40 PM
I don’t need to read anything to convince me that bitcoin is a better investment than gold. There are many better things to invest in than good these days, the price has been stagnant for a very long time now.

Not only does it stagnate, but it also falling. The price of gold dropped by more than 7% compared to last year according to the goldprice.org website.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: cotton ball on August 26, 2021, 05:04:48 PM
do you still choose gold over bitcoin,?? if i personally i would choose both, because i think we are not enough to just play in one business, we have to play many roles in business, like big companies that play many roles, the reason i choose both is because when bitcoin price is down, i can take the opportunity to sell a little gold, for my needs, and I keep my bitcoins, and when the bitcoin price is high, I will sell my bitcoin, and I buy gold, and when the bitcoin price falls again, I sell gold to buy bitcoin, according to I personally think this is a good round, for doing business, because that way, the business goes on, the stomach is filled


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Silver80 on September 09, 2021, 01:45:36 AM
It's quite surprising how people still consider gold a more profitable investment than Bitcoin. Guess they're not familiar with the saying, 'the higher the risk, the greater the reward'. Although this doesn't mean you should go taking uncalculated risk as that'll be a deadly move that could cost you all your funds. Bitcoin has shown time without number that it's the better investment vehicle than Gold and it just did it again

Just came across this article and think it'll be best I shared it here for the doubters still hoping for their previous metal to recover while they keep on missing out on the chance to partake in one of life greatest innovation.

Quote from:  One Bitcoin now buys 0.6 kilograms of gold as 10-year returns turn negative
As of Tuesday, fresh data shows that Gold/USD traded 3.7% lower than it did in the same day in 2011.
Source: https://cointelegraph.com/news/one-bitcoin-now-buys-0-6-kilograms-of-gold-as-10-year-returns-turn-negative

Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles. I would prefer my investment in an asset that could give me higher double digits gains than an asset that can barely gives strong double digits gains and yet been called the safe heaven when it also poses same risk of a lost in value during trying times.

Difference between gold and bitcoin

Gold, liquidity has been tested, this gold will not disappear until the end of time, gold is not an investment but gold is a benchmark for maintaining currency stability, when talking about gold, we describe luxury, wealth and social status.
The shift in interpretation of gold into investment is caused by the transition of gold as a tool.
This exchange into a commodity causes gold to become an investment, because it already has an element of value that can be maintained and fluctuates, gold as a medium of exchange has existed since 450 BC, if in the past a country issued currency it depends on gold reserves, until the United States makes more currency than existing gold reserves, then the term EXCHANGE appears, here is calculated whether or not bankrupt is from the exchange rate.

BTC is still relatively new, its liquidity has not been tested, they are still seen as an investment as long as it is not recognized as a legal tender currency, El Salvador has started taking risks to make it the world's leading thing.

so it is wrong to think that gold is interpreted as an investment, the correct investment is in Bitcoin, stocks, plots of land, houses and other Altcoins.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Amejoaquim on September 09, 2021, 03:16:44 AM
In my opinion, people who are just learning the crypto business should not blame people who choose gold, because people who choose to own gold certainly have their own reasons, maybe they are afraid of risk, because we know. the price of gold is very stable, but the profits we get are small, but if we choose bitcoin we will definitely be faced with risks, but the benefits we get are definitely worth the risk we bear, because investing in bitcoin takes patience and a long time. the term, to be able to profit, because bitcoin is a long-term asset.
If we are talking about long time then I think both are bad options for long term investing. When you think of long term investing, think of companies that will actively generate revenue and growth. Not commodities and currencies that you hope will go up.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: blckhawk on September 16, 2021, 07:36:54 AM
well i for one still prefer gold over bitcoin, mainly because gold's market is much more stable than the market for bitcoin. bitcoin's market is very volatile and is prone to ups and downs with its price meaning that you can have more losses than gain while gold's market although it is not as high as bitcoin but it can retain its value and it will only go up because it is a mineral that is not unlimited.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: ROSERTY on September 17, 2021, 02:22:16 AM
Both gold and Bitcoin are good investments and both are valuable. Investing in both can bring good returns.
Gold has developed for a long time, and people have a broad consensus on it. And gold is more stable than bitcoin, and some people like to invest in gold if they are afraid of taking risks and prefer more stable things.
The high volatility of bitcoin brings more profits to people. Now many young people realize the value of bitcoin and choose to invest in it. Bitcoin has only developed for more than a decade, and it has gradually surpassed the value of gold in many areas. Bitcoin will be a more important investment in the future.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: IamWealth on September 17, 2021, 06:06:06 AM
Bitcoin might yield faster reward but Gold will definitely yield stable rewards. Both investments are promising and profitable. With Bitcoin you just need to take more calculated risk. Owners or either or both are still great.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: LyJones on September 17, 2021, 09:42:05 AM
I think it's okay to invest in gold or bitcoin. We have no right to decide what projects others invest in. I have many projects in the investment industry. Not only do I invest in cryptocurrencies, but I also invest in stocks, real estate, and of course a little gold. My opinion is that the eggs are not in the same basket. You can choose any project you want to invest in. Learn more investment knowledge and investment skills. Many projects are not of the same type and need to be understood. Be responsible for your own money.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: suzanne5223 on September 17, 2021, 10:02:23 AM
I think it's okay to invest in gold or bitcoin. We have no right to decide what projects others invest in.
An investor that has no right to decide what she invests in will certainly have right to make loss.

My opinion is that the eggs are not in the same basket.
This does not apply to everybody and the last time I checked having knowledge in portfolio management is needed before making this decision.

Bitcoin might yield faster reward but Gold will definitely yield stable rewards.
No market whatsoever will yield a stable reward.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: AicecreaME on September 17, 2021, 11:31:21 AM
It's quite surprising how people still consider gold a more profitable investment than Bitcoin. Guess they're not familiar with the saying, 'the higher the risk, the greater the reward'. Although this doesn't mean you should go taking uncalculated risk as that'll be a deadly move that could cost you all your funds. Bitcoin has shown time without number that it's the better investment vehicle than Gold and it just did it again

Just came across this article and think it'll be best I shared it here for the doubters still hoping for their previous metal to recover while they keep on missing out on the chance to partake in one of life greatest innovation.

Quote from:  One Bitcoin now buys 0.6 kilograms of gold as 10-year returns turn negative
As of Tuesday, fresh data shows that Gold/USD traded 3.7% lower than it did in the same day in 2011.
Source: https://cointelegraph.com/news/one-bitcoin-now-buys-0-6-kilograms-of-gold-as-10-year-returns-turn-negative

Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles. I would prefer my investment in an asset that could give me higher double digits gains than an asset that can barely gives strong double digits gains and yet been called the safe heaven when it also poses same risk of a lost in value during trying times.

Bitcoin and gold are both great investment vehicles. They hold so much potential, no doubt. However, we must also take into consideration the different perspectives people have in every situation. Like what they say, to each his own. We view things from various angles. Everyone has their own opinion and reasons why they prefer gold over bitcoin and we must learn to respect that. Just because we see bitcoin as the king of almost every investment there is, doesn't mean that other people will view it the way we do. We have different preferences and we differ in risk appetite as well. Some people just really prefer stable investments rather than volatile ones. Not everyone possesses a strong heart as we do. Some people bother and worry so much about the dips, hence, they decide not to invest in something that will cost them their mental health. It really just boil down on doing what suits us best. After all, it's our funds and assets to begin with.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Sanugarid on September 17, 2021, 12:03:34 PM
It's quite surprising how people still consider gold a more profitable investment than Bitcoin. Guess they're not familiar with the saying, 'the higher the risk, the greater the reward'. Although this doesn't mean you should go taking uncalculated risk as that'll be a deadly move that could cost you all your funds. Bitcoin has shown time without number that it's the better investment vehicle than Gold and it just did it again

Just came across this article and think it'll be best I shared it here for the doubters still hoping for their previous metal to recover while they keep on missing out on the chance to partake in one of life greatest innovation.

Quote from:  One Bitcoin now buys 0.6 kilograms of gold as 10-year returns turn negative
As of Tuesday, fresh data shows that Gold/USD traded 3.7% lower than it did in the same day in 2011.
Source: https://cointelegraph.com/news/one-bitcoin-now-buys-0-6-kilograms-of-gold-as-10-year-returns-turn-negative

Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles. I would prefer my investment in an asset that could give me higher double digits gains than an asset that can barely gives strong double digits gains and yet been called the safe heaven when it also poses same risk of a lost in value during trying times.

I do get your point but I think the reason why some people still prefer gold over bitcoin is because of having a stable market and intrinsic value which is used in different aspects of our life specifically technology. It's a much safer investment than BTC since it has stable demand and actual usage even though BTC has high profitability but still a risky investment.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: syedakhlaque on September 17, 2021, 12:53:13 PM
Bitcoin and Gold both are good investment platforms. It depends upon the investor whether he prefers Gold or Bitcoin for his earning.
The person who is working on Gold for a long time and has well experienced in the gold business. He will do this business The rise & down of the gold price is not very fast. But The ups and downs are part of crypto and Bitcoin. So the person who feels comfortable in the Bitcoin business. He should do this. This crypto business will start with a small amount also but this is not in the gold business.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Kelvinid on September 17, 2021, 02:34:06 PM
Bitcoin and Gold both are good investment platforms. It depends upon the investor whether he prefers Gold or Bitcoin for his earning.
The person who is working on Gold for a long time and has well experienced in the gold business. He will do this business The rise & down of the gold price is not very fast. But The ups and downs are part of crypto and Bitcoin. So the person who feels comfortable in the Bitcoin business. He should do this. This crypto business will start with a small amount also but this is not in the gold business.
If you can afford to take a higher risk and are smart enough, you definitely have to choose Bitcoin. We can't see Gold move so fast unlike what we've experienced in Bitcoin's trend.

It is not about that if you were in the Gold business you will die keeping on it. No, I don't think so. If you have the reason why you are in this investment world, you'll probably be choosing those investments that can give you such satisfying returns in a shorter time.

Lime if you bought Bitcoin today at $45k, this might become $100k a year after (as an example) but this was impossible to happen in Gold. Yes, you can expect some increase of the price but not that much as Bitcoin can do.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: nurilham on September 17, 2021, 02:41:05 PM
actually both have their own advantages, but personally I would choose to invest in bitcoin compared to gold. Although gold investment is profitable and stable, I think it will be much more profitable and have good prospects if you invest in bitcoin. if the bitcoin lovers like me knew that bitcoin could reach the current price, of course we would buy it because the prospects are very good. so I still can't turn away from the crypto world. but back again that the profit or loss of someone investing depends on how we manage and handle our own assets


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: rozak on September 17, 2021, 02:53:32 PM
actually both have their own advantages, but personally I would choose to invest in bitcoin compared to gold. Although gold investment is profitable and stable, I think it will be much more profitable and have good prospects if you invest in bitcoin. if the bitcoin lovers like me knew that bitcoin could reach the current price, of course we would buy it because the prospects are very good. so I still can't turn away from the crypto world. but back again that the profit or loss of someone investing depends on how we manage and handle our own assets
if you are looking for profit then investing in bitcoin will be more profitable. Bitcoin trading on the crypto market is better than gold today.
because the world gold market is experiencing a weakening price. and surprisingly its adoption is also declining. In falling prices, adoption also declines. will be very different with bitcoin.

but I have both for investment. I can't judge which is better between the two. because I have my plans for the ownership of both assets.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Botnake on September 17, 2021, 03:05:36 PM
actually both have their own advantages, but personally I would choose to invest in bitcoin compared to gold. Although gold investment is profitable and stable, I think it will be much more profitable and have good prospects if you invest in bitcoin. if the bitcoin lovers like me knew that bitcoin could reach the current price, of course we would buy it because the prospects are very good. so I still can't turn away from the crypto world. but back again that the profit or loss of someone investing depends on how we manage and handle our own assets
if you are looking for profit then investing in bitcoin will be more profitable. Bitcoin trading on the crypto market is better than gold today.
because the world gold market is experiencing a weakening price. and surprisingly its adoption is also declining. In falling prices, adoption also declines. will be very different with bitcoin.

but I have both for investment. I can't judge which is better between the two. because I have my plans for the ownership of both assets.
Its good that you have them both so you can maximize your profits in the near future. But if i have to choose between the two, i would rather invest in this new innovation that has made a huge price increase in the previous years compared to gold that its value is almost not increasing. There might be a price change but definitely not that high with bitcoin. And with the faster adoption of bitcoin that will make its price more valuable, then there's no reason that we should pick gold over bitcoin.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: rozak on September 17, 2021, 03:50:25 PM
Its good that you have them both so you can maximize your profits in the near future. But if i have to choose between the two, i would rather invest in this new innovation that has made a huge price increase in the previous years compared to gold that its value is almost not increasing. There might be a price change but definitely not that high with bitcoin. And with the faster adoption of bitcoin that will make its price more valuable, then there's no reason that we should pick gold over bitcoin.
the plan I made with gold investment is the result of profit from day trading.
such as examples of profits in daily trading that I collect in a matter of weeks or months. I made a profit withdrawal and left my fixed capital. the profit I get from trading I will save to gold.
and now I have accumulated a profit value that is almost the same as the capital I use in daily trading in the form of gold.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Vaculin on September 17, 2021, 03:58:34 PM
Its good that you have them both so you can maximize your profits in the near future. But if i have to choose between the two, i would rather invest in this new innovation that has made a huge price increase in the previous years compared to gold that its value is almost not increasing. There might be a price change but definitely not that high with bitcoin. And with the faster adoption of bitcoin that will make its price more valuable, then there's no reason that we should pick gold over bitcoin.
the plan I made with gold investment is the result of profit from day trading.
such as examples of profits in daily trading that I collect in a matter of weeks or months. I made a profit withdrawal and left my fixed capital. the profit I get from trading I will save to gold.
and now I have accumulated a profit value that is almost the same as the capital I use in daily trading in the form of gold.
Only a few people had thought that way and were able to manage investing both Gold and Bitcoin coz many had lost their Gold and switch to Bitcoin. I really appreciate that idea, you are not just a wise person but you had fully secured your future since we know that Gold could be a long-term investment and the price will continue to move higher as well. Maybe we couldn't compare to Bitcoin's growth but the most important is we have that security assurance unlike having Bitcoin. 


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Finestream on September 17, 2021, 04:27:38 PM
Its good that you have them both so you can maximize your profits in the near future. But if i have to choose between the two, i would rather invest in this new innovation that has made a huge price increase in the previous years compared to gold that its value is almost not increasing. There might be a price change but definitely not that high with bitcoin. And with the faster adoption of bitcoin that will make its price more valuable, then there's no reason that we should pick gold over bitcoin.
the plan I made with gold investment is the result of profit from day trading.
such as examples of profits in daily trading that I collect in a matter of weeks or months. I made a profit withdrawal and left my fixed capital. the profit I get from trading I will save to gold.
and now I have accumulated a profit value that is almost the same as the capital I use in daily trading in the form of gold.
Only a few people had thought that way and were able to manage investing both Gold and Bitcoin coz many had lost their Gold and switch to Bitcoin. I really appreciate that idea, you are not just a wise person but you had fully secured your future since we know that Gold could be a long-term investment and the price will continue to move higher as well. Maybe we couldn't compare to Bitcoin's growth but the most important is we have that security assurance unlike having Bitcoin. 
Bitcoin may don't have guarantee that it will always be profitable but if your intention is to hold it in long term, then the profits will become incomparable to gold because of its increasing price that will attract more people to invest in bitcoin  rather than gold. Bitcoin also may not be a safe haven unlike gold because of how volatile its value is but if we are talking about the amount of profits you will earn from gold then it will be a hundred times folded in bitcoin. So the decision is all yours.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Fortify on September 17, 2021, 05:48:06 PM
It's quite surprising how people still consider gold a more profitable investment than Bitcoin. Guess they're not familiar with the saying, 'the higher the risk, the greater the reward'. Although this doesn't mean you should go taking uncalculated risk as that'll be a deadly move that could cost you all your funds. Bitcoin has shown time without number that it's the better investment vehicle than Gold and it just did it again

Just came across this article and think it'll be best I shared it here for the doubters still hoping for their previous metal to recover while they keep on missing out on the chance to partake in one of life greatest innovation.

Quote from:  One Bitcoin now buys 0.6 kilograms of gold as 10-year returns turn negative
As of Tuesday, fresh data shows that Gold/USD traded 3.7% lower than it did in the same day in 2011.
Source: https://cointelegraph.com/news/one-bitcoin-now-buys-0-6-kilograms-of-gold-as-10-year-returns-turn-negative

Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles. I would prefer my investment in an asset that could give me higher double digits gains than an asset that can barely gives strong double digits gains and yet been called the safe heaven when it also poses same risk of a lost in value during trying times.

You seem to conveniently skip over the fact that high risk also means there is a greater chance of losing all or a large chunk of your initial investment. Everyone investing in crypto is essentially taking an uncalculated risk because nobody really knows why it has increased in value so much - is it because the mega rich find it way easier to move money across borders? is it because criminals have a level of anonymity outside the banking system? is it because the world is awash with money and people don't want it sat in bank accounts earning 0.5% per year? You can look at pretty much any asset and find a window that makes it look like a bad investment, if you bought bitcoin at $65k you're currently looking at a loss, if you bought gold at the right time in 2016 and sold at peak Covid you could have doubled your money.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: bitgov on September 17, 2021, 05:57:02 PM
Bitcoin and Gold both are good investment platforms. It depends upon the investor whether he prefers Gold or Bitcoin for his earning.
The person who is working on Gold for a long time and has well experienced in the gold business. He will do this business The rise & down of the gold price is not very fast. But The ups and downs are part of crypto and Bitcoin. So the person who feels comfortable in the Bitcoin business. He should do this. This crypto business will start with a small amount also but this is not in the gold business.
If you can afford to take a higher risk and are smart enough, you definitely have to choose Bitcoin. We can't see Gold move so fast unlike what we've experienced in Bitcoin's trend.

It is not about that if you were in the Gold business you will die keeping on it. No, I don't think so. If you have the reason why you are in this investment world, you'll probably be choosing those investments that can give you such satisfying returns in a shorter time.

Lime if you bought Bitcoin today at $45k, this might become $100k a year after (as an example) but this was impossible to happen in Gold. Yes, you can expect some increase of the price but not that much as Bitcoin can do.


Its not that easy to earn in BTC market. You need to well equip with knowledge and skills to handle the BTC volatility, otherwise you will be just another loser in this market.
Gold market on other hand has more capital, its stable and run by fundamentals. IMHO, if you have capital then invest in both Gold and Crypto.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Kusman on September 17, 2021, 06:00:37 PM
"The higher the risk, the greater the reward" is not a good way of thinking all the time. As it is already known that the risk is increasing as for cryptocurrencies, this means that you can lose a great deal of money also. Taking a big risk doesn't guarantee that you will make a lot of profit. I have investments into gold and Bitcoin both. Because it is not advised to put all eggs in one basket.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: pinggoki on September 17, 2021, 06:18:02 PM
You are right about bitcoin being relatively more profitable than gold considering the amount at which it can increase in price among many other factors. But the reason people pick gold over bitcoin is mainly due to the fact that it has existed longer in the market enough for it to cement itself as a standard in many stores-of-value assets which bitcoin is trying to go for. I wouldn't say investing in gold isn't a profitable venture because it still is, just that bitcoin overshadows its presence because of how bitcoin moves in the market right now.
"The higher the risk, the greater the reward" is not a good way of thinking all the time. As it is already known that the risk is increasing as for cryptocurrencies, this means that you can lose a great deal of money also. Taking a big risk doesn't guarantee that you will make a lot of profit. I have investments into gold and Bitcoin both. Because it is not advised to put all eggs in one basket.
This is a better approach if I do say so myself. Breakeven and get the best out of both options. It's not always appropriate to go balls-deep on one asset because of its high profitability because at the end of the day, there is still some risk involved in it no matter how big or small. Altogether a sound decision and extensive research will do you wonders than going ape and investing on a particular asset like bitcoin just because "it's the most profitable" coin out there.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Chrystora123 on September 17, 2021, 06:39:32 PM
snip..
no wonder why people prefer to invest in gold over Bitcoin, people still have conservative thoughts and also don't understand the potential of Bitcoin.  I also have an uncle who doesn't believe in bitcoin even though I've made a lot of money from bitcoin, he believes more in gold because it can be brought to sleep and has a real physique he said..


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: dimonstration on September 17, 2021, 06:49:26 PM
I do get your point but I think the reason why some people still prefer gold over bitcoin is because of having a stable market and intrinsic value which is used in different aspects of our life specifically technology. It's a much safer investment than BTC since it has stable demand and actual usage even though BTC has high profitability but still a risky investment.
It should not be really a big problem when it comes in investing if we have too much money then investing in both is the nicest to do as we need to put our investment in different baskets to avoid too much risk and both have shown profit in the long run. Just look at their value 5years ago and how their price pump up to now when we sell them. The only problem will occur when we only have few money and wanted to invest it on both we need to determine what we wanted most, the less risky or the one we can manage to see the price goes up and down in tome of trading.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Ararbermas on September 17, 2021, 08:44:31 PM
snip..
no wonder why people prefer to invest in gold over Bitcoin, people still have conservative thoughts and also don't understand the potential of Bitcoin.  I also have an uncle who doesn't believe in bitcoin even though I've made a lot of money from bitcoin, he believes more in gold because it can be brought to sleep and has a real physique he said..
yep your uncle is right, probably mostly people nowadays sees that bitcoin is just a crap wherien no future because of some matters, but hell yeah we all knows how reliable it's and more profitable than gold and we don't need to wait for how many years especially if you are knowledgeable about how it works.. For short it's all worth despite of some situation in the crypto market and all the efforts and time we invested in it, thats all i can say. and you know let them choose which is for them they are comfortable, its a free country mate. Lol


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: bhooscream on September 17, 2021, 09:44:07 PM
Why don't pick both Bitcoin and Gold for investments? I don't think we must choose one of them to invest, as we know that diversification should be a better idea. Honestly, I invest both in Gold and Bitcoin, I am not a typical person who wants to invest in a single thing only. Actually, I also invest in land and a culinary business. For me, it is needed to invest both in a digital asset and in the physical asset (real life). We don't know what to happen in the future, so we cannot rely on Bitcoin only.



Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: suryogandul on September 17, 2021, 11:25:24 PM
The debate between choosing gold and bitcoin will continue for the long term.  for me gold and bitcoin can not be separated from my life.  I use bitcoin to generate profit while gold is used to store assets.  I think now bitcoin has the risk of changing price movements.  so I think it's an option for someone to choose gold or bitcoin


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: chuckweitzman on September 18, 2021, 06:10:21 AM
 ‌I agree with you on it. Bitcoin shows great potential and comes with higher rewards. It’s a great way to invest and get good rewards. However, many people also prefer gold because it isn’t volatile unlike bitcoin. Those who want to play safe when investing would still prefer gold because it comes with less risks or no risk at all. So, whether someone prefers gold or bitcoin depends on their mindsets and how much risk they are able to take based on their requirements.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: wajik-tempe on September 18, 2021, 06:15:25 AM
The debate between choosing gold and bitcoin will continue for the long term.  for me gold and bitcoin can not be separated from my life.  I use bitcoin to generate profit while gold is used to store assets.  I think now bitcoin has the risk of changing price movements.  so I think it's an option for someone to choose gold or bitcoin

We cannot stop this debate until the world show itself which one is more valuable in the future, most of people who choose gold is majority boomers or old people who don't open their eyes to see the world growth.
Digital assets is much more valuable right now and if we don't keep chasing with the technology, we will be lost.
So i think in the future there will be no longer people saving their assets into a physical assets but with digital assets with safer security from now.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: KaliLinux on September 18, 2021, 06:36:56 AM
Bitcoin and Gold are both cool investment. You cannot fully blame those who pick Gold over Bitcoin because Bitcoin has a higher volatility than Gold. Some people prefer slow and steady than something that isn't fully stable. Imagine buying Bitcoin at $46k and then tomorrow morning it's at $43k. You may say it's not a problem because you believe it'll come back up but not everyone can handle it. Both investments have their advantages and disadvantages.
You are right. Investors have their right to invest in whatever Investments they see safe and some will still not come to terms with the fact that Bitcoin regardless of all the positive signs it has shown over the years, is still a good place to put their investment. People are wired differently and of course, that will have this effect on their investment mind. And as the poster mentioned, The higher the Risk, the Higher the Reward and for those that have been able to take that risk in believing in Bitcoin and Investing in it, the results have been there.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: Bollexz1 on September 18, 2021, 10:46:49 AM
Well, I used to have that thought of buying myself some weigh of gold right before Bitcoin got introduced into the world. But not anymore as the future will certainly have something to deal with digital tech and bitcoin with no shadow of doubt would fit into that lifestyle.
 


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: btc78 on September 18, 2021, 11:45:00 AM
It's quite surprising how people still consider gold a more profitable investment than Bitcoin. Guess they're not familiar with the saying, 'the higher the risk, the greater the reward'. Although this doesn't mean you should go taking uncalculated risk as that'll be a deadly move that could cost you all your funds. Bitcoin has shown time without number that it's the better investment vehicle than Gold and it just did it again

Maybe people are more afraid than risking that is what happening here , we already see how bitcoin prove being more valuable. profitable and worth to hold than gold over 10 years now yet ? still others choose Gold against bitcoin.
they already see the proof still nothing comes to their mind but assurance.
but don't worry mate because in the end of the day those people are the one who cries loud everytime bitcoin break the current ATH.
when 2017 pump happens many of them tells them selves i will invest in bitcoin same as what they say when the price reaches 60k this year yet? until now telling the same story.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: deadmousehat on September 18, 2021, 12:58:21 PM
Gold growth is slower than bitcoin and has a lower risk than bitcoin and a lot of negative news and scams about bitcoin out there. Until now many people still believe in gold more than bitcoin because of it.
In addition to investment, Gold is also a popular asset to maintain value. So gold and bitcoin are good assets till now.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: geegaw on September 18, 2021, 03:07:01 PM
The debate between choosing gold and bitcoin will continue for the long term.  for me gold and bitcoin can not be separated from my life.  I use bitcoin to generate profit while gold is used to store assets.  I think now bitcoin has the risk of changing price movements.  so I think it's an option for someone to choose gold or bitcoin
Many people are conservative and always think their choice is the best in the world, protesting will touch their pride and like a touched wild animal, it will ruffle its fur to protect, gold lovers will give enough proof of the advantages and Bitcoin lovers will do the same, both sides are talented orators and use personal theory to polish their point of view but when all are speakers, listeners do not exist and become a flea market to raise their voices to each other. Without the police it would be impossible to suppress such riots while the theory is simply not to touch each other and free to go according to opinion, good or bad is the result of each person.


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: verita1 on September 18, 2021, 04:28:26 PM
There are still global investors who do not see bitcoin as a good investment. Only the youngest investors and some well-known investors dare to invest in bitcoin.

The investment of gold as a reserve asset according to the data we have when the Federal Reserve was created in the United States in 1913 has made gold a strong asset and guarantor for traditional investors ever since.

It is a matter of time before the balance tips and bitcoin is considered in more investment portfolios.
We are one step away from bitcoin overtaking facebook in the capital market. Bitcoin ranks number 9 ($ 911.32 B) on Top Assets by Market Cap.

https://companiesmarketcap.com/assets-by-market-cap/ (https://companiesmarketcap.com/assets-by-market-cap/)


Title: Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
Post by: EewardDean on September 19, 2021, 08:14:41 AM
Compared with Bitcoin, the advantages of investing in gold are obviously higher than that of gold! The total number of bitcoins is 2,100w, and gold has been continuously mined globally. The greater the amount of mining, the greater the impact on the price of gold. Secondly, inflation and the central bank’s price of gold may be manipulable. So I think that investing in Bitcoin is not only a big profit space, but also long-term bullish, and the price is not controlled by the government!