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Bitcoin => Bitcoin Discussion => Topic started by: Smack That Ace on July 01, 2022, 03:31:39 AM



Title: Will you be in favor of Gold or Bitcoin !!
Post by: Smack That Ace on July 01, 2022, 03:31:39 AM

Deutsche Bank, one of the largest private banks in Germany, predicts Bitcoin will return to $28k by the end of the year.
Interesting is that they rate Bitcoin as more valuable than Gold, they compare Bitcoin as rare as Diamond. ;D


https://www.bloomberg.com/news/articles/2022-06-29/deutsche-bank-says-bitcoin-could-reach-28-000-by-year-end
https://i.imgur.com/gaViReB.jpg


Personally, I think both Gold and Diamonds will not be comparable to Bitcoin.
Gold is still abundant on earth that humans have not yet exploited,
You know, Diamonds are something that we can make if we want more, Bitcoin is not, there is a limited 21 million Bitcoins and then no one will be able to generate more than one new BTC.


The Republic of Uganda, is a country located on the African continent.
On June 8, 2022, Uganda said it had discovered 31 million tons of gold ore, which could generate 320,158 tons of gold, more than the current total gold in the world is 201,296. :P
This is only one-way information from Uganda and has not been recognized by the world gold council, but it shows that it is difficult to know exactly how much gold is in the world, there may be a lot more out there. Regarding Bitcoin, no one can deny that there is only 21 million BTC.

https://news.bitcoin.com/uganda-claims-exploration-surveys-discovered-31-million-metric-tons-of-gold
https://i.postimg.cc/WzCpgDwF/bit-vs-gol.png


Good luck

Duke


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: pooya87 on July 01, 2022, 03:58:23 AM
Deutsche Bank, one of the largest private banks in Germany, predicts Bitcoin will return to $28k by the end of the year.
I think when bitcoin starts rising back up again and breaks a resistance or two, it won't just stop at $28k. Remember a couple of years ago when $4k was broken and in a very short time price went from $3.1k bottom to $10k?

In any case I believe that comparing bitcoin with other stuff that don't even fall in the same category as bitcoin (the currency) is wrong. Both gold and bitcoin serve different purposes than one another. For example you can't really use gold to pay for stuff easily but bitcoin is designed to do exactly that.
But as far as their cap and circulating supplies go, you are right both have limited maximum supply but gold's circulating supply can be increased by a lot as the news from Uganda proves.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Smack That Ace on July 01, 2022, 04:14:49 AM



In any case I believe that comparing bitcoin with other stuff that don't even fall in the same category as bitcoin (the currency) is wrong. Both gold and bitcoin serve different purposes than one another. For example you can't really use gold to pay for stuff easily but bitcoin is designed to do exactly that.

As you say, the comparison probably won't be quite right in every respect, fiat, gold, bitcoin, each with its own characteristics and used for different purposes. But people compare because they want to prove that bitcoin is good, it includes the features of gold and fiat. So if bitcoin is widely used then it is considered as all-in-one solution, it can be both a storage asset and a payment method.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: kamvreto on July 01, 2022, 04:24:51 AM
choose both. Because Bitcoin and gold both have their own advantages and disadvantages. Can't be compared with just one difference.
Gold has a stable investment value and gold is also said to be a "safe haven" asset that will be safe for the long term and its price fluctuations are not like bitcoin.

Bitcoin has rapid and even extreme price fluctuations and this makes bitcoin a High Risk High Return digital investment asset.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: South Park on July 01, 2022, 04:47:37 AM
choose both. Because Bitcoin and gold both have their own advantages and disadvantages. Can't be compared with just one difference.
Gold has a stable investment value and gold is also said to be a "safe haven" asset that will be safe for the long term and its price fluctuations are not like bitcoin.

Bitcoin has rapid and even extreme price fluctuations and this makes bitcoin a High Risk High Return digital investment asset.
Most people do not have the money to buy the two assets and as such investors need to pick a single one of them, if someone decides to pick gold I have no problem with it as it is better than to hold fiat, however in order to see any kind of benefits out of gold you need to either hold for decades or you need to invest in it before a severe economic crisis occurs, bitcoin on the other hand can give more profits in a shorter amount of time, and unlike gold which we do not even know how much it is left to mine, bitcoin is completely different and we know exactly how much it will ever exist, how much bitcoin is left to be mined and when this process will end, giving bitcoin a massive advantage if we compare it to gold or fiat in this particular aspect.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: ImThour on July 01, 2022, 05:01:08 AM
This question is more like If you will favor Satoshi Nakamoto or Peter Schiff. Of course, Satoshi.
You are on a Bitcoin Forum and asking If Gold is worth anything in front of the fastest-growing asset class in history?
That's not how it works mate.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Sayeds56 on July 01, 2022, 05:23:47 AM

Deutsche Bank, one of the largest private banks in Germany, predicts Bitcoin will return to $28k by the end of the year.
Interesting is that they rate Bitcoin as more valuable than Gold, they compare Bitcoin as rare as Diamond. ;D


https://www.bloomberg.com/news/articles/2022-06-29/deutsche-bank-says-bitcoin-could-reach-28-000-by-year-end
https://i.imgur.com/gaViReB.jpg


Personally, I think both Gold and Diamonds will not be comparable to Bitcoin.
Gold is still abundant on earth that humans have not yet exploited,
You know, Diamonds are something that we can make if we want more, Bitcoin is not, there is a limited 21 million Bitcoins and then no one will be able to generate more than one new BTC.


The Republic of Uganda, is a country located on the African continent.
On June 8, 2022, Uganda said it had discovered 31 million tons of gold ore, which could generate 320,158 tons of gold, more than the current total gold in the world is 201,296. :P
This is only one-way information from Uganda and has not been recognized by the world gold council, but it shows that it is difficult to know exactly how much gold is in the world, there may be a lot more out there. Regarding Bitcoin, no one can deny that there is only 21 million BTC.

https://news.bitcoin.com/uganda-claims-exploration-surveys-discovered-31-million-metric-tons-of-gold
https://i.postimg.cc/WzCpgDwF/bit-vs-gol.png


Good luck

Duke

I will be certainly  in favor of Bitcoin because it has shown tremendous  since it was launched back in 2009. This incredible growth has created many new Millionaires worldwide and no other asset class including  Amazon which is Giant of stock market  comes close to it.The only thing which worries me is Bitcoin strong co-relation with Stock market which is against its perception of store of value/Inflation hedge like Gold.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: worle1bm on July 01, 2022, 05:29:49 AM
Gold is still a very popular choice for people but if you look at the returns then there are relatively negligible returns over gold investment over past few years while bitcoin has shown huge growth in just 13 years so for me bitcoin is the best option to invest your money in.The main point is you can use it and convert it to fiat or directly spend it if possible but that's not the case with gold and moreover government control it but bitcoin is your asset not anyone's else.

Here is quote from Satoshi himself while making this prolonged comparison:

It's the same situation as gold and gold mining.  The marginal cost of gold mining tends to stay near the price of gold.  Gold mining is a waste, but that waste is far less than the utility of having gold available as a medium of exchange.

I think the case will be the same for Bitcoin.  The utility of the exchanges made possible by Bitcoin will far exceed the cost of electricity used.  Therefore, not having Bitcoin would be the net waste.

The gold supply is at the time not known and with mining it comes to existence and not a good investment for me so bitcoin is good option according to me.



Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Poker Player on July 01, 2022, 05:56:08 AM
Of course in a Bitcoin forum we are going to be more in favor of Bitcoin than gold. Some argue that Bitcoin is digital gold, a much better store of value than gold. Following the analogy that google maps is much better than paper maps, Bitcoin would be much better than gold.

Although it's not bad to have some physical gold, I have some. What you should not do is make the mistake of buying gold jewellery as an "investment" because if you are going to sell it in the future you will get much less than you paid for it.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: asimi.io on July 01, 2022, 06:22:55 AM
Even though there is a lot of Bitcoins on exchanges I would not agree that Bitcoin is as vulnerable as gold. If you take self custody of yours Bitcoins and do it right it is much harder to find your millions or billions worth of Bitcoin and/or keep you from spending them as needed. Yes at that moment Bitcoin is down as compare to earlier year but it is not right thing to call it vulnerable as gold.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: yazher on July 01, 2022, 06:26:38 AM
As you say, the comparison probably won't be quite right in every respect, fiat, gold, bitcoin, each with its own characteristics and used for different purposes. But people compare because they want to prove that bitcoin is good, it includes the features of gold and fiat. So if bitcoin is widely used then it is considered as all-in-one solution, it can be both a storage asset and a payment method.

That's right if we don't only have this fake news circulating around the internet, especially the global warming hoax that they putting the blame on the crypto miners. We have already reached our goal to prove to the critics that bitcoins can be stored and can be used as a means of payment for everything. Thankfully nowadays we have big companies that are supporting bitcoins by using it as one of the payment features and some countries that are supporting it as well. Unlike back then, you don't read such news and there are more critics than investors. Now we are heading towards a bright future with bitcoins and they already comparing gold with bitcoins due to its popularity.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: pooya87 on July 01, 2022, 06:38:59 AM
In any case I believe that comparing bitcoin with other stuff that don't even fall in the same category as bitcoin (the currency) is wrong. Both gold and bitcoin serve different purposes than one another. For example you can't really use gold to pay for stuff easily but bitcoin is designed to do exactly that.
As you say, the comparison probably won't be quite right in every respect, fiat, gold, bitcoin, each with its own characteristics and used for different purposes. But people compare because they want to prove that bitcoin is good, it includes the features of gold and fiat. So if bitcoin is widely used then it is considered as all-in-one solution, it can be both a storage asset and a payment method.
Exactly. When people compare bitcoin with gold they are only comparing one aspect of bitcoin with all that gold stands for. But bitcoin is much more than just being an investment or an asset, it is a currency, a store of value with a time stamped immutable decentralized ledger.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: gunhell16 on July 01, 2022, 07:29:45 AM
Anyone who wants to have Gold and Bitcoin, who doesn't want that. Now, since you posted something like that here on the Bitcointalk forum, we know that most of the members are crypto enthusiasts and Bitcoin enthusiasts fanatics,

and I'm also sure that not a single member here on the forum will say no We want gold of course, everyone also like to have Gold, but the majority want Bitcoin. This is just based on my knowledge as one of the community of this industry for a few years now.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: btc_angela on July 01, 2022, 08:03:30 AM
I guess comparison is how rare both bitcoin is, but as far as I understand it, bitcoin might be rare than gold. And we have seen this comparison in 2017, a bullish run that's why there are many articles about it even in this community.

Each one has it's own advantage, but for investment purposes, obviously, I will favor Bitcoin (BTC).

  • Bitcoin VS. GOLD (https://bitcointalk.org/index.php?topic=2272001.0)
  • [UPDATED] Bitcoin vs Gold vs The US Stock Market(US500) (https://bitcointalk.org/index.php?topic=5279522)
  • Bitcoin vs Gold: The Age Old Debate (https://bitcointalk.org/index.php?topic=953939.0)
  • So Bitcoin is better than Gold? (https://bitcointalk.org/index.php?topic=1923060.0)
  • Bitcoin vs. Gold, Fiat and Altcoins (Updated: Traits of Money) (https://bitcointalk.org/index.php?topic=5084692)


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: stompix on July 01, 2022, 08:32:52 AM
Deutsche Bank, one of the largest private banks in Germany, predicts Bitcoin will return to $28k by the end of the year.

So we're still deep down in bear and fear territory since the most positive piece of news predicts a return to $28k by the end of the year.
If you would have posted such an article two months ago you would have looked like a bear, now this is bullish  ;D

Personally, I think both Gold and Diamonds will not be comparable to Bitcoin.

And yet you do it  ;D

I don't understand this obsession some have to prove that Bitcoin is more valuable than gold, I don't even know what metrics they choose, 1BTC over one kilo one pound one gram of gold and even leaving that aside Bitcoin si one thing gold is another.
Bitcoin can do a lot of stuff gold can't and gold can do some of its own.
You want to store value securely with the key split in tens of places BTC is the way, you can't split gold into atoms and then bring it together (at least not economically feasible)
Do you want to send value in a minute on the other side of the globe with only you and the recipient knowing? BTC ll the way, it's not funny traveling for hours with 2 kilos of gold (https://nextshark.com/indian-man-tries-smuggle-4-pounds-gold-inside-butt/) in your...
Can you give somebody a piece of gold without the need for a computer, electricity, or internet? Yes, even with BTC, this is still possible but with huge risks.
Do you want like the other 2 million people each year in the US to buy an engagement ring? Try it with BTC
As for its usage in medical treatments, there is absolutely no comparison.

Each one has its strengths and each one is impossible to replace with the other one in some cases, this whole debate is meaningless.





Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Lucius on July 01, 2022, 09:24:14 AM
Considering that I follow what is happening with Bitcoin in the EU, I can say that this is not the first time that German banks give positive opinions about Bitcoin, unlike some other European banks. German bank Bayern LB (https://decrypt.co/9872/bitcoin-to-hit-90000-after-halvening-says-state-backed-german-bankl) speculated in 2019 that Bitcoin would reach a price of around $90k after the halving, so even though $100k was something that many predicted, they were still closer to what ended up being the last ATH.

In addition, many large German banks (https://www.coindesk.com/business/2022/04/21/germanys-commerzbank-applies-for-local-crypto-licence-report/) have requested licenses for crypto trading during 2021, which means that the market has become aware that profit can be made there and that Bitcoin has a long-term future.

As for gold, I don't see why here should be so much discussion about what is better or what should be invested in - because gold has its advantages, just like Bitcoin. Long-term gold and Bitcoin have their place in everyday life, with the fact that gold has been proven for thousands of years, and Bitcoin is just at its beginning and will show its real advantages in the time to come.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Darker45 on July 01, 2022, 10:12:25 AM
It's hard to just favor one and completely disregard the other. If I were to choose, I'd choose both. But suffice it to say that I'm not investing in gold right now. It's just that while there is indeed abundant gold in this world and even outside, I don't think it will lose its value in the next hundred years.

Anyway, I agree that Bitcoin isn't really comparable to both gold and diamond. In the case of both, I believe the earth won't be running out of supply even in the next centuries. With Bitcoin, everything's fixed. And it will run out at some point.

I don't agree with what the Deutsche Bank analysts seemed to imply, though, when they said that Bitcoin is more like diamonds in that it is "a highly marketed asset" rather than gold because the latter is "a stable safe-haven commodity." If we remove all the marketing in Bitcoin, it doesn't cease to be popular. The only difference is that its supporters would highly be populated with people who really believe in the technology rather than in a bull run.

Finally, $28,000 by year end is too low.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: KennyR on July 01, 2022, 10:27:08 AM
I don't know how people consider bitcoin and gold. For some reason there is always a reason to state bitcoin is better than gold, same as that gold is better than bitcoin. In my experience I find bitcoin to be good, because if I've invested the amount I've spend on gold now I could've turned myself a millionaire. In some occasion the gold I've got helped in getting loan keeping it as collateral. Somehow I'm on the side of bitcoin, because of its limited supply whereas gold has got rare availability. Still through exploration more gold mines can be found.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Jemzx00 on July 01, 2022, 10:38:18 AM
Personally, I think both Gold and Diamonds will not be comparable to Bitcoin.
Gold is still abundant on earth that humans have not yet exploited,
You know, Diamonds are something that we can make if we want more, Bitcoin is not, there is a limited 21 million Bitcoins and then no one will be able to generate more than one new BTC.
The physical gold and diamond cannot or will not be compared to Bitcoin but it was used a comparison as bitcoin act as a digital gold or diamond as an asset.
It really is a good thing to see how even a bank recognized the potential of bitcoin and cryptocurrencies where they even appreciated it's term from "Digital Gold" to "Digital Diamond". We all know that diamond has more value than gold and it symbolises the wealth of an individual due to it's rarity. True, that diamond can be artificially created however it's quality varies to it's density which is why it's value is high.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: TheUltraElite on July 01, 2022, 10:54:18 AM
Diamonds are not worth putting your money in, so lets get that out of the picture right away.

Gold has its uses being part of jewellery and being liquid anywhere in the world, with a lot of paperwork involved. It is still accepted worldwide and can be sold to get fiat of that country.

Bitcoin is rather a currency that is supposed to be used anywhere in the world, but merchants do not accept it readily, yet.

Both Gold and Bitcoin are limited in real life even if being mined in many countries at this point. Hence my suggestion to anyone who might be wondering is to diversify into these assets. Go for the precious metals, real estate, Bitcoin and stocks. Dont narrow your focus on bitcoin only just because this is a bitcoin forum and most users here are bitcoiners. But dont go for altcoins and dont go for diamonds as an asset store of value.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: KaliLinux on July 01, 2022, 11:12:57 AM
I guess comparison is how rare both bitcoin is, but as far as I understand it, bitcoin might be rare than gold. And we have seen this comparison in 2017, a bullish run that's why there are many articles about it even in this community.

Each one has it's own advantage, but for investment purposes, obviously, I will favor Bitcoin (BTC).

  • Bitcoin VS. GOLD (https://bitcointalk.org/index.php?topic=2272001.0)
  • [UPDATED] Bitcoin vs Gold vs The US Stock Market(US500) (https://bitcointalk.org/index.php?topic=5279522)
  • Bitcoin vs Gold: The Age Old Debate (https://bitcointalk.org/index.php?topic=953939.0)
  • So Bitcoin is better than Gold? (https://bitcointalk.org/index.php?topic=1923060.0)
  • Bitcoin vs. Gold, Fiat and Altcoins (Updated: Traits of Money) (https://bitcointalk.org/index.php?topic=5084692)
I guess this topic will probably continue for a while because people or investors want to keep convincing themselves that Bitcoin is just as good/valuable as Gold. These two entities are different and quite frankly, Bitcoin has grown in just over a very short period compared to Gold but it is still the "Gold standard" in rating everything to the highest level and when it comes to an investment as you said, I too favor Bitcoin and I remember a couple of supporting post from this thread Bitcoin VS. GOLD (https://bitcointalk.org/index.php?topic=2272001.0)


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Franctoshi on July 01, 2022, 12:05:54 PM
Deutsche Bank, one of the largest private banks in Germany, predicts Bitcoin will return to $28k by the end of the year.
Interesting is that they rate Bitcoin as more valuable than Gold, they compare Bitcoin as rare as Diamond. ;D
https://www.bloomberg.com/news/articles/2022-06-29/deutsche-bank-says-bitcoin-could-reach-28-000-by-year-end
https://i.imgur.com/gaViReB.jpg

Bitcoin of course , the difference is just very clear between both of them, Gold is good but Bitcoin is much better asset class over Gold.

1•Bitcoin has a limited supply of 21M, not taking into account those wallets that the owners lost their keys and the ones to be lost too, which means only 21M BTC will ever be in existence. .
While the mining of Gold is continuous no one really knows the exact amount of Gold to be in circulation or existence.

2•Bitcoin is more liquid that Gold in the sense that Buyers and sellers are readily available, just with one click you just sell your BTC
Whereas for Gold it take you sometime to find immediate buyers.

3•Time and Cost spent in the transportation of Bitcoin from one place to another Is cheaper than Gold .

For Example...
It will cost you more money and more time to transfer More Gold to China or any other countries than Monday it will cost you while sending huge amount of Bitcoin which is just in a matter of minutes to 1hr or more and BTC is sent to someone in another country.

4• Bitcoin is the only freedom form of money in the whole world, Meaning you are your own bank and you can purchase things with your BTC simply by just doing a transfer to the person. While for Gold , Government overseas the mining activities of Gold.

This is why I will prefer BTC to Gold


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: GiftedMAN on July 01, 2022, 12:45:19 PM
Even though there is a lot of Bitcoins on exchanges I would not agree that Bitcoin is as vulnerable as gold. If you take self custody of yours Bitcoins and do it right it is much harder to find your millions or billions worth of Bitcoin and/or keep you from spending them as needed. Yes at that moment Bitcoin is down as compare to earlier year but it is not the right thing to call it vulnerable as gold.
Despite the current state of the bitcoin price right now,  I will not compare gold to bitcoin because bitcoin is more valuable and vulnerable than gold. Before the bear market, A lot of people had their millions in bitcoin and up till date, people are still investing knowing that the bull season will soon be here.

The price of bitcoin may reduce but it doesn't loose value like gold, people who choose gold are those who believe in the power of fiat currency, the number of available BTC is well known but gold has no limit to it's supply.



Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: fiulpro on July 01, 2022, 03:03:10 PM
Bitcoins being digital diamond would be really a realistic approach since the diamond does not have a really high price in reality and at the end of the day the demand plus marketing makes it stronger and  in Bitcoins I do think that every person knows how strong is the demand and supply Rule.

- I would personally favour bitcoins ofcourse, Gold is not something that is opt for the middle class, it's an excellent trade off investment for the rich but for the middle class I do think bitcoins is better, it's more volatile and thus can produce better results as well.

I do think that volatility can be scary for most people odc since loosing a lot of money that soon is no joke but at the end they make an enormous amount of money as well when they have enough patience.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: TheNineClub on July 01, 2022, 03:09:40 PM
Both have diferent places and serve diferent funcfions and therefore there is not need to compare them to one another. It seems that both are here viewd as imvestment's and we are forgeting that gold is also a powerfull conductor and is used in electronics, and BTC provides a diferenty monetary option than the ones available.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Pesona1 on July 01, 2022, 03:41:58 PM
Both have diferent places and serve diferent funcfions and therefore there is not need to compare them to one another. It seems that both are here viewd as imvestment's and we are forgeting that gold is also a powerfull conductor and is used in electronics, and BTC provides a diferenty monetary option than the ones available.
For me, gold and bitcoin are two investments that are indeed worth investing in under any circumstances, in terms of saving value for money, of course gold can be an option because its price movement is stable, while bitcoin is of course one of the assets that has quite a fluctuating price and can provide The profit is very large, although it also has a big risk, but of course both investments are profitable investments.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: darkv0rt3x on July 01, 2022, 03:51:12 PM
I'm in favour of Bitcoin. Bitcoin has a few properties that gold can't have. Divisibility, potability to name just 2 of them. Recent news also says that new deposits of gold were found in Uganda, iirc, so that will also helps to increase the supply. However, it's well known that is really hard to raise the ratio of new supply versus current supply, so, supposedly gold price won't suffer too much from this aspect. It can suffer from other aspects, but I think not this one! This said, I'm for Bitcoin. Also LN is still growing, developing and still needing adoption to be able to catch up and show it's real value!


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Dunamisx on July 01, 2022, 04:42:47 PM

Deutsche Bank, one of the largest private banks in Germany, predicts Bitcoin will return to $28k by the end of the year.
Interesting is that they rate Bitcoin as more valuable than Gold, they compare Bitcoin as rare as Diamond. ;D

Why should the prediction be limited to $28k, this can not be accurate as the price in bitcoin is unpredictable, it can go above or below the amount, bitcoin is more valuable and profitable than gold of no doubts and the rate at which many are investing on bitcoin is far better than that on gold, why is because bitcoin is both a currency, an asset and a decentralized currency that can be acquired, possess by anybody unlike gold that has just a single application.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: GigaBit on July 01, 2022, 04:45:17 PM

Deutsche Bank, one of the largest private banks in Germany, predicts Bitcoin will return to $28k by the end of the year.

Not only Deutsche Bank of Germany but many other financial institutions in the world have predicted this. So it is not just ordinary investors but all types of financial institutions are also monitoring it. Gold and Bitcoin are two different things. Someone who has no resemblance to someone is different in terms of usage. Gold has a stability in terms of price which is not the same as Bitcoin. The price of gold will go up. On the other hand, the price of Bitcoin is very less today, but there is no doubt that it may touch moon tomorrow. Because Gold is Unlimited but Bitcoin Limited only 21 million. Overall, Bitcoin is the best in terms of assets and as a medium of exchange.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: ChrisPop on July 01, 2022, 06:00:52 PM
For one to come to a conclusion regarding the viability of the two assets as a store-of-value and analyse their potential as investments he needs to know the history of money. Here just a few points to take into account:

Gold
  • It benefits from the ingrained concept in our mind that it is a valuable thing to own. The world has been saving in Gold for thousands of years. A lot of time needs to pass to change mentalities.
  • As the OP stated the total supply, while limited, is still unknown to us.
  • The cost of extraction - while the supply is not known the cost of extracting the gold from discovered sites might block the actual injection into circulation of the precious metal.

Bitcoin
  • As the supply is limited by hard, pure, state of the art code, we can really trust that Bitcoin is extremely rare.
  • Digital and portable - it does not take up space and is not that susceptible to physical theft as Gold is. (i.e. Try walking on a dark alley in a dangerous neighbourhood with a gold bullion in your pocket. See how you feel.
  • Security and self-custody - with a little bit of research and cybersecurity knowledge you can safely store your wallet.

If you are an open-minded person Bitcoin is a much better store-of-value from all points of view. Who says that value has to have a physical form? --> this is a question I could write a long essay on, but I'll save it for another time.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: qwertyup23 on July 01, 2022, 06:25:13 PM



In any case I believe that comparing bitcoin with other stuff that don't even fall in the same category as bitcoin (the currency) is wrong. Both gold and bitcoin serve different purposes than one another. For example you can't really use gold to pay for stuff easily but bitcoin is designed to do exactly that.

As you say, the comparison probably won't be quite right in every respect, fiat, gold, bitcoin, each with its own characteristics and used for different purposes. But people compare because they want to prove that bitcoin is good, it includes the features of gold and fiat. So if bitcoin is widely used then it is considered as all-in-one solution, it can be both a storage asset and a payment method.

I actually agree with you- it does not mean that one incurs value overtime that means that they are on an equal footing with each other.

People tend to compared and conclude that BTC is the digital gold of this era. While that may be true in terms of inflation, their innate nature is different. While both may be non-renewable resources, gold has a natural intrinsic value; while the price of BTC is primarily derived from what people are willing to pay for it.

Again, fiat, gold, and cryptocurrencies may have different purposes but all of them have value.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: naira on July 01, 2022, 06:41:46 PM
It's not that I don't want to have gold, but as we know storing gold is equivalent to 1 Bitcoin, it will only make you sleep and not sleep well when storing gold in the room or in the safe. While Bitcoin you can store large amounts without the need to spend a meter of space. Moreover, having to store gold in a bank and give all access to the bank to manage it, of course I refused. From this point we can see the effectiveness of the use and ownership of bitcoin and gold compared to one side to the other.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: WeedGoW on July 01, 2022, 07:37:49 PM
Hey, I get it. All of us here either crypto enthusiastor or want to get rich quickly by crypto so, of course, we love Bitcoin and all. But come on, gold is nice too. If we want to take over the fiat or push Bitcoin to become a legitimate position in our society, to be stable and widely accept anywhere. We find a common front for both Bitcoin and Gold to exist. You know what I'm thinking, right? Yes, instead of going full favor to either Bitcoin or Gold, you put your stake in both. Let's say I'm a crypto enthusiast and my Bitcoin is also backup by my Gold. That would push Bitcoin 's status to become more legit, just as how fiat is commonly accepted, US petrodollar,...


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Vaskiy on July 01, 2022, 07:45:09 PM
Today the gold price in my country have risen, because the ruling government have announced import tax rise over gold. My choice is towards bitcoin, gold is necessary for emergency requirement whereas bitcoin is a life changing investment. Diversified investment is always good, and this helps in keeping the portfolio Stable without much difference being experienced. Right now it is time to move the investments over gold towards bitcoin, because we don't know whether we'll get such opportunity to invest at a lower price.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Fivestar4everMVP on July 01, 2022, 08:00:52 PM
First, I personally think this two shouldn't be compared as Bitcoin is doing Bitcoin and Gold on the other hand is doing Gold, both are unique in their various ways even though both are similarly very scarce.
for me, I will always choose Bitcoin over Gold for several reason.
1. Investing in Gold takes a great amount of time and resources because of all the paperwork involved, this is something absolutely non existence in Bitcoin since no paperwork involved and under 5 minutes, you have purchased any amount of Bitcoin one wants.
2. Bitcoin is much more volatile in price which is actually where the good profit lies. Gold on the other hand has a more stable price with not very much volatility, and as this, Gold is only good for long term investment, while Bitcoin is good for both long term and short term investments.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: CryptoHeadlineNews on July 01, 2022, 08:44:57 PM
It will be unrealistical for any one to compare these two, as they are not the same and can never be the same in all category, but thou both are used as a store of value and can be divided into finite fractions, Gold is an unlimited natural resources which has been in existence since the beginning of time while Bitcoin on the other hand is a limited currency of over 21 million whose value fluotuate due to demand and supply, so asking which will I be in favour, I will definitely go for Bitcoin because I could remember vividly one Economics theory back then in college, ""that when the demand for a limited product is high, it causes an increase in price for that product, and when the demand for an unlimited product is low, it causes a decrease in price"". So Bitcoin is a limited product whose demand is increasing by the year. So I will go for Bitcoin


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: FatFork on July 01, 2022, 09:27:37 PM
Bitcoin, because the ease of buying it is the best factor of an asset. But the currency itself is so speculative that it’s kind of scary. I'd say we are going to need to wait a few more years before we have enough of a "crowd" that has enough faith in it and is confident in it, and then we can have a Bitcoin revolution. But the beauty of Bitcoin is that it's something people can get on board with right now and feel the excitement of something that ’s just going to be around, forever.

But both assets have their advantages. Gold has been around for thousands of years and it's the best security and store of value in the world. But, Bitcoin has more technology involved, and has a lot of development possibilities for the future.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: lalabotax on July 01, 2022, 09:41:15 PM
Why should we compare the two? Both Gold and Bitcoin are worthy. I personally love both Bitcoin and also GOLD. ANd there is nothing wrong if we are able to invest in the two. Gold is a very common investment earlier before Bitcoin is created and this has been growing so rapidly these days. Bitcoin is also very popular and always grows very big from years to years.
There is weaknes and also strengths that each of gold and Bitcoin has. We con consider them.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: sklopan on July 01, 2022, 09:46:17 PM
I am definitely for gold. To me, this investment option seems much more important, and much more reliable in terms of work.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Smartvirus on July 01, 2022, 10:49:38 PM
I am a bitcoin enthusiast and have been using bitcoin for a while even though I get to exchange it for fiat before I can spend its value. On one occasion, I had transferred some coin to a foreign national to have some work done for me and he cashed out the value and transacted as expected. In essence whata I say; Bitcoin has its value and usefulness which cannot be over emphasised but so also do gold.

Gold has been around for several centuries and have served in divers capacities and continues to serve until this day. It assumes several uses to it, from exchange go store of wealth and also jewelries. Perhaps it doesn't match bitcoin but, its some good asset to behold too.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: 2stout on July 01, 2022, 10:53:20 PM
It's good to be diversified so I would say to at least have both, however with more bitcoin than gold and having a significant amount of each in the portfolio.  I like to think of it as past (precious metals), present (stocks), and future (bitcoin).


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Fatunad on July 01, 2022, 10:59:46 PM
It's good to be diversified so I would say to at least have both, however with more bitcoin than gold and having a significant amount of each in the portfolio.  I like to think of it as past (precious metals), present (stocks), and future (bitcoin).
Having both would be good as long your finances would permit you then diversification is always been best but we know that not all would really be having the capital even if they do like to diversify but there's nothing they can do anything about it as long their finances wont be sufficient then its just normal that you would really be going into much simpler side which is on dealing with Bitcoin yet we could really purchase in fractions
and not necessarily to get the whole thing.Same goes in other investment but of course it will really be depending on you.Any investment does have risk and when we do talk about security and reputation or
popularity then nothing beats out Gold into that but we are on a new era and we know the potential of BItcoin does have.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: bitterguy28 on July 02, 2022, 01:30:14 AM

Deutsche Bank, one of the largest private banks in Germany, predicts Bitcoin will return to $28k by the end of the year.
But we have 2 quarters left and this is really very low to expect before the year ends, I believe that at least 40K? well I am  hopeful in this matter.

Bitcoin is comfortable now at at least 20k level, so lets expect something more from this.

Quote
Interesting is that they rate Bitcoin as more valuable than Gold, they compare Bitcoin as rare as Diamond. ;D



Good luck

Duke
Am not sure what is their reason for bringing this here but at least this will favor all of us bitcoin supporters, and we still believe that there are more to come and the comparison of Diamonds against bitcoin is just a beginning .


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Sayeds56 on July 02, 2022, 03:56:52 AM
It's good to be diversified so I would say to at least have both, however with more bitcoin than gold and having a significant amount of each in the portfolio.  I like to think of it as past (precious metals), present (stocks), and future (bitcoin).

Well said. Diversification is the best strategy  when it comes to risk management because it protects investors from wide wings in various sectors of economy. I think better is better than Gold though both are considered store of value because it has limited supply, method of quick payment as well as it doesn't have any logistic issue like Gold to transport it


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: mindrust on July 02, 2022, 04:07:49 AM
Both can have a place in the financial markets. It shouldn’t be this or that. You can always invest in both. Bitcoin is having an amazing run but gold has a track record of centuries. You simply cannot dismiss gold so easily. It is a rare and a precious metal and it will stay so forever. People who invest in bitcoin should have some gold lying around too imo.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Spack17 on July 02, 2022, 04:19:12 AM
Frankly, I don't find it right to choose between the two. If you have to make a choice, it will be very difficult. Gold has always been seen as the safest resource in the world. Its value can not be close to zero. There is a certain amount of gold in the world and we can not change it. These also apply to bitcoin. The number of Bitcoins is limited to 21 million.  The inability to produce more than this increases its value. However, its value may decrease as it is still seen as an unsafe resource. Therefore, the value of bitcoin will be more volatile than gold.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: yhiaali3 on July 02, 2022, 04:41:45 AM
Of course, I am in favor of Bitcoin, gold is the oldest precious currency in the world since ancient times and people extract gold and until now and no one knows the amount of gold in the world already in the world, so more can be extracted so far as it is found in the graves of ancient civilizations so far, therefore We cannot exclude that a day comes when gold becomes cheap because it is no longer rare, while bitcoin increases its scarcity over time and it is not possible to create more so bitcoin has one bullish direction in the long run, also in the digital technological age cannot compare gold features with bitcoin in any case So I am with bitcoin, of course.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: worle1bm on July 02, 2022, 05:09:07 AM
1•Bitcoin has a limited supply of 21M, not taking into account those wallets that the owners lost their keys and the ones to be lost too, which means only 21M BTC will ever be in existence. .
While the mining of Gold is continuous no one really knows the exact amount of Gold to be in circulation or existence.
The supply is limited to 21 Million and it will take another century to fully mine last bitcoin as next halving the rewards are going to be halfed at 3.125BTC but as you said there are some lost coins as owners have lost their keys and seeds or wrongly sent to some address so there will be never 21 Million coins in circulation in the market which makes it more valuable.Supply of 21 Million can't be increased and there are lost coin as well so it's shrinking.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: BlackBaron on July 02, 2022, 05:35:36 AM

Deutsche Bank, one of the largest private banks in Germany, predicts Bitcoin will return to $28k by the end of the year.
Interesting is that they rate Bitcoin as more valuable than Gold, they compare Bitcoin as rare as Diamond. ;D
There are two choices I can make to choose between gold and Bitcoin.
1. In real world investing, everyday life, I believe more in gold as an element of investment choice.
2. Because we are here demanded by the state of technology and crypto, one of the digital money that is trusted by many people, of course I will choose Bitcoin in the affairs of the online world.

I chose the two elements, just different methods and ways to do it.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Ojengonggu on July 02, 2022, 05:40:30 AM
I will continue to support both even though the price movements are very much different.
So when the price of bitcoin is uncertain as it is now, I temporarily switched to buying gold whose risk of decline was not as far as the price of bitcoin but I never left bitcoin, it's just that I chose a more affordable and safe place.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: dansus021 on July 02, 2022, 09:28:19 AM
Both bitcoin and gold are good for investment and both are volatile too, I would consider buying both of them rather than only one  ;D but bitcoin is crazy stuff that really make addicted rather than traditional gold.

I will continue to support both even though the price movements are very much different.
So when the price of bitcoin is uncertain as it is now, I temporarily switched to buying gold whose risk of decline was not as far as the price of bitcoin but I never left bitcoin, it's just that I chose a more affordable and safe place.

and this I think is also good choice.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: justdimin on July 02, 2022, 12:12:09 PM
It's hard to just favor one and completely disregard the other. If I were to choose, I'd choose both. But suffice it to say that I'm not investing in gold right now. It's just that while there is indeed abundant gold in this world and even outside, I don't think it will lose its value in the next hundred years.

Anyway, I agree that Bitcoin isn't really comparable to both gold and diamond. In the case of both, I believe the earth won't be running out of supply even in the next centuries. With Bitcoin, everything's fixed. And it will run out at some point.
I agree with you to a point but the fact that we both do not invest into gold, and do invest into bitcoin proves that even though in logic we feel like they are both nice, we still prefer bitcoin over gold. I cannot really say this with certain idea, I mean maybe we do not but it feels that way to be fair.

I do it, I invest into bitcoin and not into gold and feel like they are equals in my mind, but if they are so equals then why am I not in 50% gold and 50% crypto? This feels like a proof that our generation prefers to be more digital and the idea of a physical gold being valuable doesn't really come to us as a reasonable approach as much, and digital gold doesn't feel trustworthy.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: ChrisPop on July 02, 2022, 04:04:35 PM
Both bitcoin and gold are good for investment and both are volatile too, I would consider buying both of them rather than only one  ;D but bitcoin is crazy stuff that really make addicted rather than traditional gold.

If it makes you addictive you should take a step back and reassess your investment strategy. Emotions do not have a place in the investing game. Be objective when analysing investment opportunities and when designing your strategy.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: OgNasty on July 02, 2022, 04:18:30 PM
Deutsche Bank, one of the largest private banks in Germany, predicts Bitcoin will return to $28k by the end of the year.
Interesting is that they rate Bitcoin as more valuable than Gold, they compare Bitcoin as rare as Diamond. ;D

I'm not sure if liking Bitcoin to diamonds is a good thing or not.  Diamonds were for a long time controlled by cartels and while their mining might be a bit more decentralized these days, the diamond cartel still has strong influence over the industry.  I've heard people say that diamonds would be nearly worthless if the market was flooded with them and while I don't know how true that is, the idea that diamonds are plentiful but held in the hands of few to make them more valuable when sold should be troubling to anyone trying to bring adoption to Bitcoin.  I've been saying it for a while that Bitcoin has been hijacked by Wall Street and it's valuation pumped in order to bring them more management fees.  That is starting to sound a lot like the diamond market...


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Minecache on July 02, 2022, 04:34:05 PM
Both. As a way to diversify my portfolio and reduce my investment risk, I would decide to buy both.  Gold is a physical asset and it existed centuries before bitcoin was born, now gold is seen as a safe haven for times of inflation and Bitcoin will be more suitable for our long-term investments. Just buy and hold for the next 5 years, bitcoin will help us avoid inflation and asset value will increase significantly.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: tjtonmoy on July 02, 2022, 04:45:22 PM
BTC is BTC. you can't compare it to anything else. gold and diamond also all the other stones have high value, because people made them valuable. Otherwise all those are just stones. But BTC is a miracle


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: virasisog on July 02, 2022, 05:10:18 PM
BTC is BTC. you can't compare it to anything else. gold and diamond also all the other stones have high value, because people made them valuable. Otherwise all those are just stones. But BTC is a miracle

Both could be good assets and investments. We have different perspectives when it comes to investment. Some people prefer gold and diamond as physical assets since they could keep and hold them while others rely on Bitcoin as a profitable investment. We could choose where we could personally think is profitable but both are great for long-term investment as long as we know how to deal with their risks.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: kensaii on July 02, 2022, 05:52:40 PM
Both easily since they have their own use and don't really cross or step into each other as many have thought. Also, I opt for diversification no matter how good gold or bitcoin, one compares to the other. Bitcoin for volatile and gold for stable.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: bitzizzix on July 02, 2022, 06:27:19 PM
Gold tends to be stable, gains can be very long over many years, and seek very small daily gains.
bitcoin or other crypto, you can search every day, because of its unstable nature, you can earn hundreds of millions a day, but maybe the risk of losing assets is also great.
and I think gold is safe, but if you want big gains, bitcoins and losses, that's the risk you have to take. However, everything can be anticipated with strong patience to wait for it, even if you have to wait a long time bitcoin will still provide a very good return compared to gold.
So I strongly support bitcoin, besides being more profitable, bitcoin can be used for transactions and also store value, and besides that we are in full control.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: aylabadia05 on July 02, 2022, 07:12:01 PM
Gold and Bitcoin, for me is the best investment.
Honestly, both must exist because both have proven their worth.
In 2013, the historical data that I saw on coinmarketcap.com (https://coinmarketcap.com/historical/20130818/) was very clear that the price of Bitcoin was only hundreds of dollars.
When compared to this year's price (2022) specifically the current price of Bitcoin, it is clear that Bitcoin is a valuable asset with volume that cannot be reproduced as you mentioned. Unlike gold, which can still increase in volume.



Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: sklopan on July 02, 2022, 08:17:31 PM
I am definitely for gold. If the goal is to invest money and not go into the negative - definitely gold. Really an investment that definitely won't lose. But bitcoin can bring both profit and loss.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: The Cryptovator on July 02, 2022, 08:20:26 PM
Favour Bitcoin or gold questions on this forum are quite ridiculous. It's because 99% of users here are Bitcoin fans. So we will blindly Favour Bitcoin. Personally, I trust Bitcoin as a currency, not an assets to be honest. So I am not ready to compare a currency with real-life assets like gold or diamonds. No matter how valuable assets are. Bitcoin is a virtual currency and we can use it virtually as well. A lot of merchants expect Bitcoin makings payments. So at this point, my belief is that Bitcoin is a currency.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Slow death on July 02, 2022, 08:48:54 PM
I am definitely for gold. If the goal is to invest money and not go into the negative - definitely gold.

just put things like this:

- you buy $3000 in gold

- you buy $3000 in bitcoin

Hodl for 5 years

In the end you will see if you are losing something if you buy bitcoin, if you look at the price of bitcoin in a short period of time then you will be thinking that you are going to lose money, but if you buy bitcoin to hold for a long period of time you will not you will have losses, while the other has low increases, so low that it looks like the person has opened a savings account in a bank


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: _BlackStar on July 02, 2022, 09:23:45 PM
Gold is a physical investment asset that should be a good choice for most people over the years regardless of whether it is investment, savings or jewelry or something and is still profitable in the long term. I myself don't choose to assume much about these two assets as to which one is the best. I also don't think I should support one where I should ignore the other. In the realm of investment, both investment assets fluctuate depending on supply and demand, but gold tends to be influenced by world politics and the strength of the dollar.

Having both is the best way to make your money work for you in the long run, but of course everyone involved must understand how the market works so we are required to have good risk management for any investment asset choice between the two. So far I have both and support both, it's fine.

just put things like this:

- you buy $3000 in gold

- you buy $3000 in bitcoin

Hodl for 5 years

In the end you will see if you are losing something if you buy bitcoin, if you look at the price of bitcoin in a short period of time then you will be thinking that you are going to lose money, but if you buy bitcoin to hold for a long period of time you will not you will have losses, while the other has low increases, so low that it looks like the person has opened a savings account in a bank
Also tell them about the risks of both investments, so they don't just know about the potential gains while they are ignorant of the risks and the worst that could come their way.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Stalker22 on July 02, 2022, 09:43:44 PM
I am definitely for gold. If the goal is to invest money and not go into the negative - definitely gold. Really an investment that definitely won't lose. But bitcoin can bring both profit and loss.

Do you really believe that investing in gold has never produced a loss? You should check the gold price charts throughout history.

https://i.imgur.com/XpxkoH4.png
https://www.investing.com/currencies/xau-usd

I think it is safe to say that buying gold as a place to store wealth would not be a sound long-term investment unless you can wait decades.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: darkangel11 on July 02, 2022, 09:58:53 PM
Based on the chart above, I bet someone who bought in the 1980 and held for 5 years felt really sour since each year he had less and less value in his stash. It's similar to what people felt in the past bear markets. In 2014 price was low, but in 2015 it went even lower, yet we held on and eventually it paid off.
All valuable assets have their days and holding in the long run pays off unless something gets completely wiped out, like the telegraph, fax machines, cassette players and many more. If you invest in a dying technology you lose, so let's hope that bitcoin isn't one.

I prefer bitcoin over gold because I can hide it and move it with ease. Nobody can steal it from me and if I get desperate I can die with my passphrase and nobody will get it.
In hard times, like when you're at war, carrying gold makes you a target. You become meat to other people. They can blow you up with a grenade or burn you and the gold will still be there in your remains. Bitcoin is different. You can't simply kill someone and take it away. It's difficult to find. You never know if someone is carrying a million dollars in bitcoin hidden on a microsd card. Try hiding a million in gold ;)


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Smack That Ace on July 03, 2022, 02:16:57 AM
Favour Bitcoin or gold questions on this forum are quite ridiculous. It's because 99% of users here are Bitcoin fans. So we will blindly Favour Bitcoin. Personally, I trust Bitcoin as a currency, not an assets to be honest. So I am not ready to compare a currency with real-life assets like gold or diamonds. No matter how valuable assets are. Bitcoin is a virtual currency and we can use it virtually as well. A lot of merchants expect Bitcoin makings payments. So at this point, my belief is that Bitcoin is a currency.

Bitcoin is the perfect version of combining the two characteristics of money and property, both as a method of payment and as a store of assets. However, if we examine the current reality we can see the trend of bitcoin is to become more of an asset than a method of payment today. The majority of us are accumulating bitcoins and holding them until the price increases, then selling them for a profit.

Currency such as bitcoins can be used to make cross-border payments at much lower cost and time than today's methods but with its high volatility and price increase, very few people will use it as a currency, they would rather hold it than use it daily.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: ingiltere on July 03, 2022, 02:22:31 AM
Deutsche Bank, one of the largest private banks in Germany, predicts Bitcoin will return to $28k by the end of the year.
Interesting is that they rate Bitcoin as more valuable than Gold, they compare Bitcoin as rare as Diamond. ;D

https://www.bloomberg.com/news/articles/2022-06-29/deutsche-bank-says-bitcoin-could-reach-28-000-by-year-end

Personally, I think both Gold and Diamonds will not be comparable to Bitcoin.
Gold is still abundant on earth that humans have not yet exploited,
You know, Diamonds are something that we can make if we want more, Bitcoin is not, there is a limited 21 million Bitcoins and then no one will be able to generate more than one new BTC.

On June 8, 2022, Uganda said it had discovered 31 million tons of gold ore, which could generate 320,158 tons of gold, more than the current total gold in the world is 201,296. :P
This is only one-way information from Uganda and has not been recognized by the world gold council, but it shows that it is difficult to know exactly how much gold is in the world, there may be a lot more out there. Regarding Bitcoin, no one can deny that there is only 21 million BTC.

I wouldn't comment on their end of the year prediction because it's impossible to know at what price Bitcoin will be in X time but we all know that Bitcoin will recover and find new tops, we just don't know when. I liked their optimism though.

There may be more gold in the world, I'm skeptical about Uganda news. Even if it turns out true, gold would still be valuable -worth less than today though- and used as store of value.

I believe we have a clear winner in this comparison. After internet comes up to our lives there was a need in secure digital money and Bitcoin fulfilled that spot. Like Satoshi said in 10 years Bitcoin either will be very valuable or have no value at all. Well, 10 years passed and it turns out that Bitcoin is valuable. People already accepted this fact.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: romero121 on July 03, 2022, 04:19:40 AM
Favour Bitcoin or gold questions on this forum are quite ridiculous. It's because 99% of users here are Bitcoin fans. So we will blindly Favour Bitcoin. Personally, I trust Bitcoin as a currency, not an assets to be honest. So I am not ready to compare a currency with real-life assets like gold or diamonds. No matter how valuable assets are. Bitcoin is a virtual currency and we can use it virtually as well. A lot of merchants expect Bitcoin makings payments. So at this point, my belief is that Bitcoin is a currency.

Bitcoin is the perfect version of combining the two characteristics of money and property, both as a method of payment and as a store of assets. However, if we examine the current reality we can see the trend of bitcoin is to become more of an asset than a method of payment today. The majority of us are accumulating bitcoins and holding them until the price increases, then selling them for a profit.

Currency such as bitcoins can be used to make cross-border payments at much lower cost and time than today's methods but with its high volatility and price increase, very few people will use it as a currency, they would rather hold it than use it daily.
With multiple usage access bitcoin takes the lead over gold. Another thing, bitcoin have grown in a much lesser time period to be compared with gold. Same time gold took generations to reach its position. What I understood is technology can make changes in a much shorter time period. Here blockchain along with bitcoin have done it.

Few decades back means people would've said it is gold. Now even the gold store needs internet connectivity to make the buy and selling. So, internet is everywhere and this makes bitcoin to be more accessible. So, there is nothing to worry of bitcoin serving to be the better store of value against gold.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: danadc on July 03, 2022, 04:41:18 AM
I can't give a taste for either, both have a great benefit, but if we see it as a growing asset, my taste goes very much in favor of Bitcoin, but if I want money not to lose value and remain the same, I would go for it. gold that has more stability in the face of the biggest problems such as wars, pandemics, as we are experiencing it, the smartest thing for everyone is to be able to have investment in both assets. I know that there are many people who do not see bitcoin as an asset, because they think that bitcoin is high risk and I think that is why it has dropped so much in price because they need to have more confidence in it and not be afraid to invest .


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: amishmanish on July 03, 2022, 07:19:30 AM
Certainly the market might now climb with equal speed now, like they did in previous downturns of bitcoin, but they surely will rise. But gold will never reach the heights which bitcoin is poised to reach, because there is a constant supply of gold keeping the cost of gold under control. So you might not make any astronomical profits, with gold. But with bitcoin you can change your life for better.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: 0verseer on July 03, 2022, 07:53:12 PM
A bull signal from a German bank? It was regard to Gold that seem to favor Bitcoin over Gold? Hmm, you know how a teller would say Gold is so outdated and too much trouble for storage and you should sell it for cash then deposit it at with an interest rate? No thanks, I rather have both Gold and Bitcoin altogether since both of them are good. It was the fiat/cash that should be reduced to favor more Gold and Bitcoin. Seem like a ploy to get people to sell their Gold to the banks but with Bitcoin as bait.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: darkv0rt3x on July 03, 2022, 08:25:42 PM
Both bitcoin and gold are good for investment and both are volatile too, I would consider buying both of them rather than only one  ;D but bitcoin is crazy stuff that really make addicted rather than traditional gold.

If it makes you addictive you should take a step back and reassess your investment strategy. Emotions do not have a place in the investing game. Be objective when analysing investment opportunities and when designing your strategy.

I think he meant addicted in a good way. I'm also addicted to Bitcoin because it's simply the best asset to own, even if the price still shows quite some volatility. But when you're in for the properties, the concept, the tech, etc, you don't need to worry about volatility. You simply DCA whenver you can and hold it! There is a lot of people using it almost daily, which allow all the other people to buy and hodl and it won't lose value because there are only hodlers!


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: edgycorner on July 03, 2022, 08:40:21 PM
A bank b being perma bull, what's new. They are right about their analysis of bitcoin being closely related to NASDAQ and S&P 500, but who doesn't know that by now?

I do agree with the analysts at Deutsche Bank that Bitcoin is more like a highly marketed asset, such as diamonds than it is like gold. This is because, like diamonds, the value of Bitcoin is largely based on perception and not on tangible factors like scarcity or utility  :)


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: abel1337 on July 03, 2022, 08:42:06 PM
It's not right to compare bitcoin to gold or even other things that is on the same page. They do have different uses and purpose that's why they aren't comparable. Bitcoin have such volatility more than others and gold isn't that much volatile. I'll most likely use gold for "stability" or for saving purposes and bitcoin for it's utility and profit making since it's more volatile. Much more, I only have bitcoin now and doesn't have gold. So you know my motive.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: tabas on July 03, 2022, 09:04:30 PM
If I have the capability of investing into all of them, I'll do it. But the reality for me is that, I'm only for bitcoin and a few alts that I'm good of disposing money.
I saw that news about Uganda that they've discovered huge amount of gold deposits ready to be explored. My worry for that country is that, it's possible that their citizens won't benefit from it if they allow a foreign explorer and company to dig it up.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: ForMeritt on July 03, 2022, 11:52:41 PM
Both, because they are both profitable and both have their own advantages and disadvantages.
Bitcoin Fluctuations in price are very extreme both high and low, and Bitcoin is said to be a Digital Asset Investment
And vice versa with Gold. Gold is stable in value and can be said to be a Save Haven asset, and I keep both of these assets.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: dansus021 on July 04, 2022, 02:36:06 AM
If it makes you addictive you should take a step back and reassess your investment strategy. Emotions do not have a place in the investing game. Be objective when analysing investment opportunities and when designing your strategy.

I think he meant addicted in a good way. I'm also addicted to Bitcoin because it's simply the best asset to own, even if the price still shows quite some volatility. But when you're in for the properties, the concept, the tech, etc, you don't need to worry about volatility. You simply DCA whenver you can and hold it! There is a lot of people using it almost daily, which allow all the other people to buy and hodl and it won't lose value because there are only hodlers!

He is right we are addicted in a good way you know both gold and crypto especially bitcoin is volatile but bitcoin is highly volatile if you learn trade or at least you know what you doing we can still make a lot of profit in a day rather than traditional gold


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Ahli38 on July 04, 2022, 03:01:41 AM
Seeing which one is superior to one another, namely between bitcoin and gold, then I don't think I can see which one is superior when judged from the aspects and characteristics as well as the advantages and disadvantages of each. because in the physical world, gold is considered valuable. Besides being used as jewelry, it also has many uses, both in the medical field to architecture and technology. However it is in the physical world or objects that can be touched. and different again with the virtual world or the internet. then on the internet we will appreciate bitcoin much more. because transacting on the internet is much easier with bitcoin. with no distance limits even though different countries and it is valid 24 hours. But there is one interesting characteristic of both. i.e. gold is collected by way of mining in the depths of the earth or the ground by tracing gold veins or by means of a gold detector. And bitcoin is also mined though in a different way. but the terms are almost the same. that's what gets interesting. so bitcoin and gold are like being kings in their respective worlds. so in conclusion I consider both valuable in their respective places. However, everyone has their own perception because this is related to judgment. and the assessment of each person is different according to the capacity of knowledge and experience of each.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Reatim on July 04, 2022, 03:48:32 AM

Deutsche Bank, one of the largest private banks in Germany, predicts Bitcoin will return to $28k by the end of the year.
Interesting is that they rate Bitcoin as more valuable than Gold, they compare Bitcoin as rare as Diamond. ;D

WOw a Bank rating crypto as more valuable than Gold? Wondering what would be the reason behind this aside from Banks nowadays are supporting crypto more than physical assets .

I love seeing threads like this because it always brings positive effect to the whole market or at least in bitcoin supporters.
Please continue this posting for the support and progress of the crypto market.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Clochaard on July 04, 2022, 03:54:42 AM
I suppose people started regarding Bitcoin as a digital gold long back. After this statement by Deutsche Bank it is now more clear about the potential that bitcoin it holds.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: doomloop on July 04, 2022, 01:45:25 PM
Both bitcoin and gold are good for investment and both are volatile too, I would consider buying both of them rather than only one  ;D but bitcoin is crazy stuff that really make addicted rather than traditional gold.
If it makes you addictive you should take a step back and reassess your investment strategy. Emotions do not have a place in the investing game. Be objective when analysing investment opportunities and when designing your strategy.
Right because being addicted on to something else is bad or dangerous even if we say it was bitcoins but I don't think being addicted is a kind of emotion although it's also correct that one must not be emotional when dealing with his investments.

I know what gold is but I haven't tried investing on it and won't ever attempt to because I am already contented with what bitcoin and other cryptos has to offer. Sure thing that they are more volatile so they are riskier but that's okay because the reward that I will be getting here is also much higher. 28k usd is a nice value according to what is featured by the op but I expect more than that, the more we advance on this year.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Nrcewker on July 04, 2022, 03:34:14 PM

.
Interesting is that they rate Bitcoin as more valuable than Gold, they compare Bitcoin as rare as Diamond. ;D




According to me it’s their personal comment, and no point of discussing negativity about it.
I mean I also agree that for me Bitcoins are more valuable than Gold.
Not for me but also for many young and new generations, Bitcoins seems to be like more valuable and interesting then gold.
This is because of more features that we can get from Bitcoins, and not from Gold. Bitcoins are cannot be controlled by government whereas Golds are regulated by the government and they impose laws on it.
For this reason I choose Bitcoins and for me Bitcoins are more valuable.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Botnake on July 04, 2022, 08:50:44 PM
I am definitely for gold. If the goal is to invest money and not go into the negative - definitely gold. Really an investment that definitely won't lose. But bitcoin can bring both profit and loss.

Well, that's your choice and I understand your opinion. But why choose if we can buy both gold and bitcoin, right? Actually, there's no need for comparison as bitcoin and gold is two different things and have different purpose but they are both the same when it comes to investment.

Bitcoin is more handy but it's volatile while gold is hard to move especially if we decide to fly it across the globe but its price is not that volatile, so both of them has its own pros and cons. It's actually our decision which of these two suits us the most and make us confident enough.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: coolcoinz on July 04, 2022, 10:08:50 PM
I like both. Gold has its physical uses and bitcoin is much more secure and easy to verify. You don't need a bag to carry bitcoin around and you don't need scales to be able to verify its real value.
On the other hand, you won't make pretty jewelry out of bitcoin and you won't get a good electrical connection with it. Gold lovers will have their points and bitcoin lovers will have theirs. To each their own.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: kelonmusk on July 04, 2022, 11:38:59 PM
With a small supply, Bitcoin will become a scarce item in the future, in contrast to gold which in the future will have no value because the supply of gold will be spewed from the earth and fill the pockets of every human being while the supply of Bitcoin in circulation is 19 million and the available supply is 21 million so there are still 2 million in miners and owned by people all over the world so Bitcoin rare rate is very high.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: nullama on July 05, 2022, 01:46:34 AM
Bitcoin is just a superior form of gold.

And gold isn't even that great to begin with.

For example, Norway, a rich country, doesn't even have gold reserves. This is one of the reasons why, from the Norwegian Central Bank:

The return on gold has historically been low.

Gold is not really scarce at all.

Here's the world production of gold per year: https://ourworldindata.org/grapher/gold-production

https://i.imgur.com/cwe8NBI.png


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: uneng on July 05, 2022, 06:24:13 AM
I like both. Gold has its physical uses and bitcoin is much more secure and easy to verify. You don't need a bag to carry bitcoin around and you don't need scales to be able to verify its real value.
On the other hand, you won't make pretty jewelry out of bitcoin and you won't get a good electrical connection with it. Gold lovers will have their points and bitcoin lovers will have theirs. To each their own.
I agree with you. I think we don't need to disqualify one to uprise another. Both are very useful and reputable assets, although they can't be compared, because they have very different natures, concepts, usages and characteristics which have been heavily discussed on this forum along the years. On the other hand, they are very similar in few aspects: both are rare, valuable and will remain like this for a long time yet, so smart are the investors and enthusiasts who go for gold and bitcoin enjoying all their benefits and features. In bitcoin's case it's more about the convenience ir proportionates, while gold offers aesthetics, prettiness and charm.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: AakZaki on July 05, 2022, 02:32:10 PM
I suppose people started regarding Bitcoin as a digital gold long back. After this statement by Deutsche Bank it is now more clear about the potential that bitcoin it holds.
I will support both. Because I have both. Maybe the world government has recognized gold and used it as foreign exchange reserves in big countries. Officially gold can be exchanged easily without being limited by place and time. For bitcoin, indeed some countries have recognized it as an asset, but not all and many still prohibit it. Directly the crypto movement is still limited. Although the value of bitcoin increased more greatly than Gold, and became the most profitable investment tool. But that instability puts crypto at greater risk of loss if it can't perform asset management.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: ChiBitCTy on July 05, 2022, 04:44:37 PM
Yeah I am with you. I have never been a fan of the whole bitcoin or gold or bitcoin vs gold argument or comparison since day 1. They are two entirely different things and really aren’t all that comparable. One is a precious metal used for machines, electronics, jewelry etc and the other is a digital currency.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: TheGreatPython on July 11, 2022, 03:06:12 PM
Well, first of all, I will like to clear the fact that if for any reason I chose to one asset over the other does not make the other any less better, it all boils down to individual choices. Now, both Bitcoin and gold are relatively easy to purchase and sell off, especially since there are ready markets for both. But gold has the more edge over Bitcoin because of more established ways of trading it. But why I would always chose Bitcoin is because of the volatility of the asset irrespective of the fact that gold holds more value over a longer period.

I don't know how people consider bitcoin and gold. For some reason there is always a reason to state bitcoin is better than gold, same as that gold is better than bitcoin. In my experience I find bitcoin to be good, because if I've invested the amount I've spend on gold now I could've turned myself a millionaire. In some occasion the gold I've got helped in getting loan keeping it as collateral. Somehow I'm on the side of bitcoin, because of its limited supply whereas gold has got rare availability. Still through exploration more gold mines can be found.
This is the volatility I am referring to in my own way, gold is actually an asset that can hold value over a longer time but practically, if you invest $100 into these assets each, you find out that Bitcoin is bent to perform way better and fetch more profits than gold would with the same amount of money invested.

Then again, for an asset with limited supply, there truly has to be something about that assets which distinguishes it from any other if it’s calibre.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: TheUltraElite on July 16, 2022, 03:22:12 AM
if I may choose both, because for me both are assets that can provide benefits in different ways, where btc if it gives profits can be doubled, and gold has a stable value in every investment, there must be advantages and disadvantages of each so we don't need to compare gold and btc to be supported
They both have their pros and cons and the answer to the OP's question is clear - it is a personal choice, an apples and oranges comparison.

I would buy gold when its price goes down and I usually dont sell it because it is something I keep for the long term and will be passing on to my next of kin. Bitcoin is something I buy again when its price is low and sell it regularly when the price goes up so I can recycle the money and use it to buy again, this is apart from the portion of bitcoin I have kept for long term.

Gold is more of an aristocrat in my portfolio while bitcoin is a daily horse just like fiat is.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: romero121 on July 16, 2022, 04:14:21 AM
if I may choose both, because for me both are assets that can provide benefits in different ways, where btc if it gives profits can be doubled, and gold has a stable value in every investment, there must be advantages and disadvantages of each so we don't need to compare gold and btc to be supported
They both have their pros and cons and the answer to the OP's question is clear - it is a personal choice, an apples and oranges comparison.

I would buy gold when its price goes down and I usually dont sell it because it is something I keep for the long term and will be passing on to my next of kin. Bitcoin is something I buy again when its price is low and sell it regularly when the price goes up so I can recycle the money and use it to buy again, this is apart from the portion of bitcoin I have kept for long term.

Gold is more of an aristocrat in my portfolio while bitcoin is a daily horse just like fiat is.
Agreed, everything have got its pro and cons. Myself give importance to bitcoin more than gold as an investment. This is because of the growth it has attained in a short time period. When it comes to gold the preference is based on the usage access. As bitcoin isn't widely accepted I find gold to be settled as a collateral for loan requirements.

Nowadays there are services provided in exchange of bitcoin as collateral, but I find this to be risky even when it is done through trusted platforms.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: blockman on July 16, 2022, 11:08:05 AM
if I may choose both, because for me both are assets that can provide benefits in different ways, where btc if it gives profits can be doubled, and gold has a stable value
in every investment, there must be advantages and disadvantages of each so we don't need to compare gold and btc to be supported
You're right, there are advantages and disadvantages to every investment. But if you've started investing in bitcoin then you're more familiar with risk and volatility for which any investment you do is easier than it. You're already accustomed to the high risk that you've taken for bitcoin and if you've got more money to spread in other assets, choosing gold is a good option don't limit yourself to just these assets because if you discover the other assets, you'll like to invest also into them to increase your portfolio.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: BlockchainMentors on July 16, 2022, 12:33:28 PM
The established system of gold for trading, weighing and tracking is ancient and recognized that it is not easy to steal or counterfeit. In many countries, you cannot cross a border while carrying gold without regulatory permission.When investing in gold, you will usually be able to buy it only from registered dealers. You should only buy physical gold if you can store it safely.Bitcoin is also difficult to steal and counterfeit, thanks to its encrypted and decentralized system. With a few exceptions, it is generally legal to use across the borders of different countries. However, the regulatory infrastructure in place to ensure this does not yet exist – the anonymous nature of cryptocurrency also makes it challenging to regulate.Therefore, according to me, both have a good future and should invest in both, those who do not know the technology of bitcoin now, they are a little afraid of it and And also think that their money should not be drowned and those who believe more in physical gold invest in it, so it is up to you whether you are interested.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Isoprofit on July 18, 2022, 08:14:59 AM
Bitcoin is more valuable than gold because there are currently 18.74 million bitcoins circulated everyday, whereas there are 244,000 metric tons of gold in existence. Basically, the scarcer the product, the more costly it is. Which is why bitcoin is more valuable than gold. But when it comes to my preference, I’d rather choose to invest in both. Because they do not belong to the same field. Bitcoin is a digital asset whereas gold is a metal asset. It’s important to diversify your holdings for better risk management.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Sebas.tian on July 18, 2022, 12:33:41 PM
Quote
I like both. Gold has its physical uses and bitcoin is much more secure and easy to verify. You don't need a bag to carry bitcoin around and you don't need scales to be able to verify its real value.
On the other hand, you won't make pretty jewelry out of bitcoin and you won't get a good electrical connection with it. Gold lovers will have their points and bitcoin lovers will have theirs. To each their own.

I think, both Gold and Bitcoin are very good for anyone to invest his or her capital and have something good to achieve in the future. But I prefer Bitcoin investment than Gold investment, because during the pandemic many Gold investors were not happy about what they were experiencing from their investments which the income was not encouraging at the moment, but Bitcoin investors were very happ for the massive income they were receiving from their investment during the pandemic that took over 1 year and some months, which many investors are still ready to invest more money on Bitcoin than Gold in this season.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: arwin100 on July 18, 2022, 12:53:42 PM
Quote
I like both. Gold has its physical uses and bitcoin is much more secure and easy to verify. You don't need a bag to carry bitcoin around and you don't need scales to be able to verify its real value.
On the other hand, you won't make pretty jewelry out of bitcoin and you won't get a good electrical connection with it. Gold lovers will have their points and bitcoin lovers will have theirs. To each their own.

I think, both Gold and Bitcoin are very good for anyone to invest his or her capital and have something good to achieve in the future. But I prefer Bitcoin investment than Gold investment, because during the pandemic many Gold investors were not happy about what they were experiencing from their investments which the income was not encouraging at the moment, but Bitcoin investors were very happ for the massive income they were receiving from their investment during the pandemic that took over 1 year and some months, which many investors are still ready to invest more money on Bitcoin than Gold in this season.

I invest on both asset but what the most preferred for me at the moment while bitcoin didn't get much adoption yet is gold because we know that price of it keep growing and we can safely say that this can be our safe heaven when crisis hits compare to bitcoin which can easily get affected by certain fuds that might happen on it. But its undeniable that many investors are happy if they are smart in their investments this is why we need to learn the fundamentals for us not to get caught by any fuds and can earn with bitcoins.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: bitzizzix on July 18, 2022, 01:12:41 PM
If you want low risk, low reward, use gold.
If you want high risk, high reward, use bitcoin.
and if this question were directed to my wife, my wife would definitely choose gold because it is real and can be used as a beautiful and precious accessory.
and if i had to choose i would definitely choose bitcoin or crypto that's why i'm here and although it's high risk if we can study and understand it well risk can be avoided most importantly be patient.
but when talking about the risk of gold, there are many risks, because it is real and used the risks will lead to crime and can even result in loss of life.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Prince Malik on July 18, 2022, 11:33:54 PM
Even with its high volatility but i think Bitcoin is the best investment, the Bitcoin uses cases are many and we still just in the beginning, with more mass adoption i think Bitcoin will hit very high prices in the future


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: CryptoBuds on July 19, 2022, 12:04:25 AM
If you want low risk, low reward, use gold.
If you want high risk, high reward, use bitcoin.
and if this question were directed to my wife, my wife would definitely choose gold because it is real and can be used as a beautiful and precious accessory.
and if i had to choose i would definitely choose bitcoin or crypto that's why i'm here and although it's high risk if we can study and understand it well risk can be avoided most importantly be patient.
but when talking about the risk of gold, there are many risks, because it is real and used the risks will lead to crime and can even result in loss of life.

If your wife is as knowledgeable about bitcoin as you are, I believe she will also choose bitcoin. Bitcoin is still not widely available because many people still do not know and understand what it is.

Bitcoin can give high returns but it is very volatile in a short time, gold is more stable because to balance the investment we should invest in both for the most optimal profit. The same as you, I invest in bitcoin because I know about bitcoin, but like your wife, my wife wants it to be safe, so now our investment is both bitcoin and gold.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Stella Mese on July 19, 2022, 02:06:06 AM
I, prefer bitcoin, over gold. because the supply of bitcoin is only 21 million.while the supply of gold is very much .,
Moreover, people have started to find gold in large quantities like in Uganda .  so I think bitcoin is superior. and suitable for future investment.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: kotajikikox on July 19, 2022, 02:08:38 AM
I often see thread that almost ask the same thing about favoring or wanting Bitcoin or Gol but my stands stays.

Bitcoin will be my 80% of funds ready ? and the 20% goes to Gold in different kinds.

I still believe that we must have a Physical funds like Gold as we cannot assure future, and also in times of big bad event? we cannot use Bitcoin while gold can be for the whole world usage .


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: CryptSafe on July 19, 2022, 07:31:31 PM

Deutsche Bank, one of the largest private banks in Germany, predicts Bitcoin will return to $28k by the end of the year.
Interesting is that they rate Bitcoin as more valuable than Gold, they compare Bitcoin as rare as Diamond. ;D


https://www.bloomberg.com/news/articles/2022-06-29/deutsche-bank-says-bitcoin-could-reach-28-000-by-year-end
https://i.imgur.com/gaViReB.jpg


Personally, I think both Gold and Diamonds will not be comparable to Bitcoin.
Gold is still abundant on earth that humans have not yet exploited,
You know, Diamonds are something that we can make if we want more, Bitcoin is not, there is a limited 21 million Bitcoins and then no one will be able to generate more than one new BTC.


The Republic of Uganda, is a country located on the African continent.
On June 8, 2022, Uganda said it had discovered 31 million tons of gold ore, which could generate 320,158 tons of gold, more than the current total gold in the world is 201,296. :P
This is only one-way information from Uganda and has not been recognized by the world gold council, but it shows that it is difficult to know exactly how much gold is in the world, there may be a lot more out there. Regarding Bitcoin, no one can deny that there is only 21 million BTC.

https://news.bitcoin.com/uganda-claims-exploration-surveys-discovered-31-million-metric-tons-of-gold
https://i.postimg.cc/WzCpgDwF/bit-vs-gol.png


Good luck

Duke

In reality, gold should be more expensive and costly in terms of exchange for Fiat and other commodities but the reality is that gold is currently excess in circulation this alone would gradually reduce the price of gold in time to come. Now looking at Bitcoin, 
We all know that it was the first blockchain and digital currency to first emanate. For that reason, it was tagged digital gold and a store of value which prompted the gradual increase in btc price. Now as we all know, Bitcoin is just 21million  total supply which means that there is scarce supply of  Bitcoin with the world population of 7.8billion  people now if gradually the demand for btc starts increasing, the more valuable the price of Bitcoin and so it would continue to increase because of its limited supply.
So now with the comparisons, you can we for yourself that Bitcoin got more edge than gold.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: GeorgeJohn on July 19, 2022, 10:20:35 PM
Even with its high volatility but i think Bitcoin is the best investment, the Bitcoin uses cases are many and we still just in the beginning, with more mass adoption i think Bitcoin will hit very high prices in the future
From ancient time people values gold but since the existence of Bitcoin everybody who died digital currency group in cryptocurrency especially Bitcoin, to all the investment of digital currency is now shifted to Bitcoin, so I believe that with the level of cryptocurrency exposure. Gold investment has been eliminated and people now dance the turn and follow the pathway of bitcoin for investment.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: adzino on July 19, 2022, 10:21:23 PM
YOu can't be comparing gold and bitcoin. They both are entirely two different things. But, yeah, bitcoin is some sort of "digital gold" (or diamond like the article says. But why diamond? diamonds aren't scarce at all). But investing in Gold is more safe than that of investing in bitcoin. It is less volatile and less risky. But if you think about long term holding, then Bitcoin is what I would favor. In the long run, bitcoin would be giving us more profit than gold.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: CryptoBuds on July 20, 2022, 01:37:47 AM
If you want low risk, low reward, use gold.
If you want high risk, high reward, use bitcoin.
and if this question were directed to my wife, my wife would definitely choose gold because it is real and can be used as a beautiful and precious accessory.
and if i had to choose i would definitely choose bitcoin or crypto that's why i'm here and although it's high risk if we can study and understand it well risk can be avoided most importantly be patient.
but when talking about the risk of gold, there are many risks, because it is real and used the risks will lead to crime and can even result in loss of life.

If your wife is as knowledgeable about bitcoin as you are, I believe she will also choose bitcoin. Bitcoin is still not widely available because many people still do not know and understand what it is.
His wife may prefer to use gold due to beautify her self. But if she thinks of it as an asset and to be aware of its potentiality, she might sell her gold and try to buy Bitcoin as much as she can. This is not unrealistic. Today the price of Bitcoin is much lower from the ATH the current price is 1 Bitcoin = about $22000 there is no scope to say less.

Jewelry is just a part, you cannot wear all the wealth( gold) that you own on your body. It is simply a fact that women are not as willing to take risks as we men, and they will not invest in something they do not have enough knowledge about. Even if his wife and my wife are fully aware of bitcoin, I believe that they will still choose gold over bitcoin for reasons of security and certainty.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: peter0425 on July 20, 2022, 02:14:18 AM




https://www.bloomberg.com/news/articles/2022-06-29/deutsche-bank-says-bitcoin-could-reach-28-000-by-year-end
https://i.imgur.com/gaViReB.jpg


Duke
seemingly that Bitcoin is near going to 28k even earlier that expected? maybe not even in the end of 3rd quarter that bitcoin will take ahead of 28k or even reaching 30k again.

https://coinmarketcap.com/currencies/bitcoin/

seeing this touched 23k more this day? and some good percent in the last 24 hours?

maybe market is now responding to the recent dumping and will surely goes up one more time before the end of 2022.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: suzanne5223 on July 20, 2022, 04:40:23 AM
I often see thread that almost ask the same thing about favoring or wanting Bitcoin or Gol but my stands stays.
This is what always happens when we're in a bearish market season. People always ask some questions that have to do with the Bitcoin price and the possibility of the market making a comeback from the bear.
I believe they are asking and posting this question just to strengthen their stance about the market.

Bitcoin will be my 80% of funds ready ? and the 20% goes to Gold in different kinds.
I will always go for Bitcoin 100% and if I choose Gold it will be only for jewelry.

I still believe that we must have a Physical funds like Gold as we cannot assure future, and also in times of big bad event? we cannot use Bitcoin while gold can be for the whole world usage .
Why can't use Bitcoin in times of big bad events? Don't remember that Bitcoin was the most used asset during the world's total lockdown. Isn't that also a big bad event.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: cloudfir3e on July 20, 2022, 05:00:34 AM
gold and bitcoin assets are indeed very promising for long-term investments.
The price of bitcoin that continues to skyrocket even touching a market capitalization of US $ 1 trillion makes many investors look at bitcoin crypto assets, but in investing in crypto assets, bitcoin still has a high risk because the price tends to go up and down. while gold itself is still seen as the safest hedging asset.

These two assets are often compared after investors believe that Bitcoin and gold are two effective instruments for protecting wealth from the specter of inflation. The benefits of these two assets were increasingly visible after fiscal and monetary policies in several countries continued the easing trend. Where, it will also cause an increase in the inflation rate.

to be able to choose or support between gold or bitcoin assets depending on the purpose and use of the investor in investing.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: spectre71 on July 20, 2022, 01:36:20 PM
Ahh the good ol Gold vs BTC, Schiff vs Pomp and bloods vs crips street wars.

If you call yourself an investor and your all in / over heavy on any one thing your an idiot unless you own the company.

Gold and BTC are part of an overall portfolio.

Keep a plan, rebalance to it and keep emotion out of it. Example: I am removing my REIT's as the market has changed against them (bubble). I made money and move on, probably physical gold.

BTC? I bought a chunk at 19k and will sell it at 25k or Tuesday whichever comes first and will probably go into physical silver. Develop re entry plan after Wed shakes out. BTC is going to follow tech stocks until that changes, probably when the market cap is higher and better diversified around the world. Youtubers in moms basement pointing at candlesticks and intersecting lines and listening to people "beliefs" is for entertainment. Dalio, O'leary and the bunch all have a metals position.

Cypto is great, it's the future and the USD is crumbling and being challenged as a world currency. Who knows how this plays out.

I stay out and safe from the crypto circle jerks pumping eachother up to the moon.

In favor of gold or bitcoin? Both in the correct balance at the right time.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: YOSHIE on July 20, 2022, 02:44:20 PM

Deutsche Bank, one of the largest private banks in Germany, predicts Bitcoin will return to $28k by the end of the year.
Interesting is that they rate Bitcoin as more valuable than Gold, they compare Bitcoin as rare as Diamond. ;D
Do we have to compare Gold and Bitcoin here, I don't think so, of course I have a different understanding of Gold and Bitcoin.

Until whenever, I have no idea in my brain to measure gold and Bitcoin, think logically.
• When was gold found and when was Bitcoin discovered, did gold have a max limit, such as Bitcoin only 21 million pieces and whether gold was traded like Bitcoin in the crypto market or whether real Bitcoins like gold could be held, of course this question everyone has answer.

About support, it must have principles, of course I will support both.
Reason:

• My Bitcoin supports as long as, internet, crypto market is running and accessible, of course in digital currency trading, I support Bitcoin.
• Gold of course I have to back up in storage and a real asset for me.

Honestly, I don't care about the price of gold and Bitcoin, the bottom line: Bitcoin is traded and invested, profits can be bought for gold and stored, gold and Bitcoin are different facts, but they earn.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: hZti on July 20, 2022, 02:50:32 PM
Gold is nice since you can buy it and then have a nice thing to look at. Bitcoin however is way more advanced and can be easily send around the world. Since bitcoin can never really loose its value -like gold-, Im on the side of bitcoin. Even if you have to admit that longterm gold will always be a good investment either.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: spectre71 on July 20, 2022, 03:02:47 PM
Gold is nice since you can buy it and then have a nice thing to look at. Bitcoin however is way more advanced and can be easily send around the world. Since bitcoin can never really loose its value -like gold-, Im on the side of bitcoin. Even if you have to admit that longterm gold will always be a good investment either.

Your talking from two mouths here.

"bitcoin can never really loose it's value"......... really.... Never loose it's value like gold...... really really really?

Wow, just wow..

Jim Jones actually served Flavor-aid not the "Kool Aid" as circulated. But drink up, use it as a mixer I don't care.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: nullama on July 20, 2022, 03:17:27 PM
Gold is nice since you can buy it and then have a nice thing to look at. Bitcoin however is way more advanced and can be easily send around the world. Since bitcoin can never really loose its value -like gold-, Im on the side of bitcoin. Even if you have to admit that longterm gold will always be a good investment either.

Well, you can of course look at a nice shiny object made of gold, but you can also watch a visualisation of the blockchain, the transactions, Bitcoin balances, and .any other aspects of Bitcoin.

I actually prefer looking at Bitcoin than any other physical object.

There is some kind of nice feeling knowing that something so valuable can be invisible to the naked eye. It's the same with air for example.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: lionheart78 on July 20, 2022, 08:16:48 PM
If you want low risk, low reward, use gold.
If you want high risk, high reward, use bitcoin.
and if this question were directed to my wife, my wife would definitely choose gold because it is real and can be used as a beautiful and precious accessory.

Most women love shiny things.  Only a few can acknowledge non-tangible assets.

but when talking about the risk of gold, there are many risks, because it is real and used the risks will lead to crime and can even result in loss of life.

Are you saying because it is tangible? Since you are portraying a robbery scenario here.  Bitcoin is also real and may also lead to crime and even result in loss of life.  But the good thing with Bitcoin is, that it isn't tangible and can be easily hidden.  As long as you don't share your secret, then it is all good.  Btw, I favor Bitcoin over Gold because Bitcoin is much easier to use as a currency than gold.

Since bitcoin can never really loose its value -like gold-,

Can you explain why the Bitcoin market fluctuates then?


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: carlfebz2 on July 20, 2022, 08:27:12 PM
Gold is nice since you can buy it and then have a nice thing to look at. Bitcoin however is way more advanced and can be easily send around the world. Since bitcoin can never really loose its value -like gold-, Im on the side of bitcoin. Even if you have to admit that longterm gold will always be a good investment either.

Well, you can of course look at a nice shiny object made of gold, but you can also watch a visualisation of the blockchain, the transactions, Bitcoin balances, and .any other aspects of Bitcoin.

I actually prefer looking at Bitcoin than any other physical object.

There is some kind of nice feeling knowing that something so valuable can be invisible to the naked eye. It's the same with air for example.
Why would need to choose if you could able to buy both if your budget or fund allocation permits you? Some are just too focused on bitcoin or on crypto without even thinking about traditional investments which

neither be in gold, stocks,indices,forex etc. which it could really give out that kind of security on some aspect specially on gold but its on personal choice though since we do have different inputs or insights
on different things in terms of investment.

If you do love shiny things and a bit security then you would really be choosing up gold but if not then you would opt for bitcoin but if you do have the money
then why not go for both?


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: nullama on July 21, 2022, 07:30:48 PM
Gold is nice since you can buy it and then have a nice thing to look at. Bitcoin however is way more advanced and can be easily send around the world. Since bitcoin can never really loose its value -like gold-, Im on the side of bitcoin. Even if you have to admit that longterm gold will always be a good investment either.

Well, you can of course look at a nice shiny object made of gold, but you can also watch a visualisation of the blockchain, the transactions, Bitcoin balances, and .any other aspects of Bitcoin.

I actually prefer looking at Bitcoin than any other physical object.

There is some kind of nice feeling knowing that something so valuable can be invisible to the naked eye. It's the same with air for example.
Why would need to choose if you could able to buy both if your budget or fund allocation permits you? Some are just too focused on bitcoin or on crypto without even thinking about traditional investments which

neither be in gold, stocks,indices,forex etc. which it could really give out that kind of security on some aspect specially on gold but its on personal choice though since we do have different inputs or insights
on different things in terms of investment.

If you do love shiny things and a bit security then you would really be choosing up gold but if not then you would opt for bitcoin but if you do have the money
then why not go for both?

Well, one reason to not invest in gold is that I find it very difficult to protect and carry.

Also it's a bit difficult to invest different amounts of money, unless you're simply buying gold stores somewhere else, which kinda defeats the purpose.

Also, I'm always a bit paranoid that the gold being sold is basically fake.

Most of the shops that buy and sell gold look very shady. I know that some countries have proper gold buying/selling locations, but what if I have to move to another country?

Also, moving gold around seems stressful.

With bitcoin all those issues don't exist


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Nicholas Schaefer on July 22, 2022, 05:19:05 AM
Both have tremendous potential but investing in any of them depends on your risk tolerance, investment strategy, and investment capital. With the advancements in technology and going along the race, investments in bitcoin have become quite popular now-a-days.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Mr. Magkaisa on July 22, 2022, 06:12:36 AM
I can't compare bitcoin to gold because they are both different in many ways. Although I aspire to have both Bitcoin and Gold. Also, Gold has been used for a long time around the world and is often used as a backup in each country, any country that has a backup of a lot of gold can be said to be one of the strong countries, and when it comes to virtual assets or digital currency Bitcoin, on the other hand, is the most prominent aspect of this industry.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: nullama on July 22, 2022, 09:53:08 AM
I can't compare bitcoin to gold because they are both different in many ways. Although I aspire to have both Bitcoin and Gold. Also, Gold has been used for a long time around the world and is often used as a backup in each country, any country that has a backup of a lot of gold can be said to be one of the strong countries, and when it comes to virtual assets or digital currency Bitcoin, on the other hand, is the most prominent aspect of this industry.

Norway would be one example of a rich and strong country, and they basically have no gold reserves.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: TheUltraElite on July 25, 2022, 08:38:10 AM
Both have tremendous potential but investing in any of them depends on your risk tolerance, investment strategy, and investment capital. With the advancements in technology and going along the race, investments in bitcoin have become quite popular now-a-days.
The long term value of both are good. There will always be these choices to make but the chance of getting the maximum profits is getting both gold and bitcoin without getting altcoins at all.

Even though at this juncture we think that there are one and only investments, getting both is the best possible way for any trader. One going down will always give you calm when the other one remains in place. Be diligent about these things and don't be stubborn about only one asset.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Derbind on July 28, 2022, 05:50:22 AM
These are not comparable. These assets are of different natures and comparing them is not a good approach.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: lucates on July 28, 2022, 05:16:32 PM



In any case I believe that comparing bitcoin with other stuff that don't even fall in the same category as bitcoin (the currency) is wrong. Both gold and bitcoin serve different purposes than one another. For example you can't really use gold to pay for stuff easily but bitcoin is designed to do exactly that.

As you say, the comparison probably won't be quite right in every respect, fiat, gold, bitcoin, each with its own characteristics and used for different purposes. But people compare because they want to prove that bitcoin is good, it includes the features of gold and fiat. So if bitcoin is widely used then it is considered as all-in-one solution, it can be both a storage asset and a payment method.

Before investment, everyone would compare the available investment opportunities and they stand with whatever the option is trust or promising them. There are no best or worse choices because, according to their knowledge and belief they choose, if they get a decent return, then their choice is not a failure.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Gyfts on July 28, 2022, 08:45:48 PM
...

If you're investing in gold for a return you're not investing right, so it's fair for Norway not to keep gold within its reserves. Gold is an alternative investment someone might diversify into in order to protect their wealth from inflation. You shouldn't reasonably expect a large profit, if any.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: noormcs5 on July 28, 2022, 11:35:30 PM
I can't compare bitcoin to gold because they are both different in many ways. Although I aspire to have both Bitcoin and Gold. Also, Gold has been used for a long time around the world and is often used as a backup in each country, any country that has a backup of a lot of gold can be said to be one of the strong countries, and when it comes to virtual assets or digital currency Bitcoin, on the other hand, is the most prominent aspect of this industry.

Both bitcoin and gold have a lot of potential however most people think that gold is more trustable as it is being used for many many years while bitcoin is relatively new and very much volatile.
Best scenario will be to invest both in bitcoins and gold and keep your funds in both of these valuable assets. This will not only minimise your risk in your investment but also give you the opportunity to gain the maximum out of the both.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Yamifoud on July 28, 2022, 11:40:58 PM
...

If you're investing in gold for a return you're not investing right, so it's fair for Norway not to keep gold within its reserves. Gold is an alternative investment someone might diversify into in order to protect their wealth from inflation. You shouldn't reasonably expect a large profit, if any.
Gold is literally good for long-term investment as the price keeps on growing but if we think about earning a profit in the short-term, we can't expect much for it as it only has a small increment. But if we talk about Bitcoin, the volatility of its price gives a reason why many people are preferred to take risks because they know that can earn and multiply their money.

However, Gold assured safety while Bitcoin is prone to hacking which is only ideal for risk takers and techy individuals.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: nullama on August 01, 2022, 12:17:41 AM
~snip~

Gold is literally good for long-term investment as the price keeps on growing but if we think about earning a profit in the short-term, we can't expect much for it as it only has a small increment. But if we talk about Bitcoin, the volatility of its price gives a reason why many people are preferred to take risks because they know that can earn and multiply their money.

However, Gold assured safety while Bitcoin is prone to hacking which is only ideal for risk takers and techy individuals.

Yeah, I would say Bitcoin is probably only for techy people.

Most normal people need a third party to manage their money, and they would never manage their own Bitcoin, which is the whole point of it. The moment you give your Bitcoin to someone else, then it becomes the same as the old money.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Joswa Russell on August 01, 2022, 04:16:38 AM
I can’t compare these two. I have my money in both of them and it seems that they are good for long term trading rather than short term gains. I have a bigger picture in mind and I am not really much influenced by whatever is happening in the market at the moment.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: bitterguy28 on August 01, 2022, 07:47:57 AM
This question should be not ask in a Bias community like this? the title itself is Bitcointalk, and Bitcoin section so do we really believe that people will choose GOLD instead of Bitcoin?
No i don't think so though we are also having some gold inside our wallets but of course majority of us or majority of our holdings are in bitcoin form and only small part from Gold.
I can’t compare these two. I have my money in both of them and it seems that they are good for long term trading rather than short term gains. I have a bigger picture in mind and I am not really much influenced by whatever is happening in the market at the moment.
good for you mate , because the only gold that is in my hands is actually in my wife, because She is the one who loves gold and I am for Bitcoin .


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Mauser on August 01, 2022, 09:21:54 AM
Bitcoins are more valuable to me than gold, whereas my parents would pick Gold over bitcoins. I think it's mostly a generation thing, for us today is bitcoins what was gold for our parents and grandparents back in the day. The volatility is what put some people off crypto currencies, but that is just part of the price finding process. Crypto currencies are still fairly new and need to find their place in the world. Eventually bitcoins and other coins will be more stable. And as long as you don't sell you didn't lose anything. In a few years the prices will be much higher again and gold will look poorly compared to bitcoins. Also how could I store large amounts of gold securely? At home no way, at bank also no way. Banks already have to much influence into our life.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: josgandosbro on August 01, 2022, 03:25:52 PM
Bitcoin is best investment of the future saving. It any time to increase the price. So time to buy and sell the bitcoin.
But you can buy the God it not easy to use any time any where. Bitcoin is any time to use and any where. God also any time to price up and dow. God not easy for use every time. Bitcoin change any country currency and time to buy and sell the bitcoin. So plan to work and time to accts.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Newlifebtc on August 01, 2022, 04:15:33 PM
Bitcoin is best investment of the future saving. It any time to increase the price. So time to buy and sell the bitcoin.
But you can buy the God it not easy to use any time any where. Bitcoin is any time to use and any where. God also any time to price up and dow. God not easy for use every time. Bitcoin change any country currency and time to buy and sell the bitcoin. So plan to work and time to accts.
Before the creation of Bitcoin Gold was the currency that is threading after fiat currency and i believe that since it adoption gold have no relevant value to the world again. Bitcoin is a digital currency that is good for investment and which is faster for exchange from one country to another country. That is why people like bitcoin than gold because gold don't have recognition again for the investment


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: TimeTeller on August 01, 2022, 06:32:56 PM
Bitcoin is best investment of the future saving. It any time to increase the price. So time to buy and sell the bitcoin.
But you can buy the God it not easy to use any time any where. Bitcoin is any time to use and any where. God also any time to price up and dow. God not easy for use every time. Bitcoin change any country currency and time to buy and sell the bitcoin. So plan to work and time to accts.
Before the creation of Bitcoin Gold was the currency that is threading after fiat currency and i believe that since it adoption gold have no relevant value to the world again. Bitcoin is a digital currency that is good for investment and which is faster for exchange from one country to another country. That is why people like bitcoin than gold because gold don't have recognition again for the investment

I don't agree with what you said though about gold.
Gold up until now is recognized as one of the tangible assets that you can invest even to this age.
Also, it is not only for investment purposes but gold is a vital component in a lot of electronic and jewelry industries.
So yes, I don't agree that gold has no relevant value in the current world situation.
Because it is still relevant and it is one of the most stable assets that you can hold onto.
And with that being said, if you have the chance to own gold, then, go for it. Diversify your portfolio as much as you can.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: TheGreatPython on August 01, 2022, 06:59:43 PM
I can’t compare these two. I have my money in both of them and it seems that they are good for long term trading rather than short term gains. I have a bigger picture in mind and I am not really much influenced by whatever is happening in the market at the moment.
Why you can't compare them? Tell me, are you afraid to know their con's? and maybe after knowing it, that will discourage you to put your money on one of them. Fine if that is what you want. Owning the two still have a benefit since both of their value are known to grow over time.

It's okay to not care of the news or what is happening around because the coin that you hold are not those new coins which needs a lot of supervision, not only because their value can drop or they can turn into a scam later on but also because they can do some updates or migration which requires hodlers do some action to obtain the new version of the coin.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: btc78 on August 02, 2022, 07:39:50 AM
Some people are valued gold currency because gold is a digital currency before the existence of Bitcoin

What are you talking about? since when that gold as DIGITAL CURRENCY? where did you get this information ? how can you use Gold in digital way?

Quote

 as a cryptocurrency so right now many people have queue up to invest into cryptocurrency such as bitcoin and other related coins knowing that it is an asset because the investment of cryptocurrency values to the society because it is not an asset that is why people like to invest into digital than manual businesses

Sorry , but does anyone here really understand what this post means? I am trying to dig deeper but yet? there is nothing I can find but nonsense .


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Biscutard on August 02, 2022, 08:04:51 AM
Some people are valued gold currency because gold is a digital currency before the existence of Bitcoin

What are you talking about? since when that gold as DIGITAL CURRENCY? where did you get this information ? how can you use Gold in digital way?

Quote

 as a cryptocurrency so right now many people have queue up to invest into cryptocurrency such as bitcoin and other related coins knowing that it is an asset because the investment of cryptocurrency values to the society because it is not an asset that is why people like to invest into digital than manual businesses

Sorry , but does anyone here really understand what this post means? I am trying to dig deeper but yet? there is nothing I can find but nonsense .


We can't deny the fact that the gold don't depreciate and as time goes by only limited resources of golds are in the hands of government and people. But investing in bitcoin is also aiming for appreciate even though it has downfall sometimes but time will always come for an profited effort. Investing gold requires only a general knowledge and minimal studies while investing crypto requires a lot of comprehension and studying the market for you to gain extra money from that.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: SirLancelot on August 02, 2022, 11:23:43 AM
Bitcoins are more valuable to me than gold, whereas my parents would pick Gold over bitcoins. I think it's mostly a generation thing, for us today is bitcoins what was gold for our parents and grandparents back in the day. The volatility is what put some people off crypto currencies, but that is just part of the price finding process. Crypto currencies are still fairly new and need to find their place in the world. Eventually bitcoins and other coins will be more stable. And as long as you don't sell you didn't lose anything. In a few years the prices will be much higher again and gold will look poorly compared to bitcoins. Also how could I store large amounts of gold securely? At home no way, at bank also no way. Banks already have to much influence into our life.
It is understandable, parents are usually old, not when they have a little baby, but when they have an adult who are making their own investment decisions, by that age we are talking about something much better. However, we are talking about something that could go a lot better if we know what we are doing, which is the fact that we could end up with people who are 60+ years old.

Even we could be closed to discussion about some stuff in our lives, and when people are 60+ years old, they do not really want to open themselves up to crypto and what it means, they do not care about it, they already lived most of their life and they just want to retire in peace.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Reatim on August 03, 2022, 09:03:02 AM
will always be for Bitcoin , but will not deny the chance ? of buying Gold also for keep safe and in case there is a big or some issues that will happen in the future.
I can’t compare these two. I have my money in both of them and it seems that they are good for long term trading rather than short term gains. I have a bigger picture in mind and I am not really much influenced by whatever is happening in the market at the moment.
practicality mate , and that is how we can take our funds being safer lol.

Some people are valued gold currency because gold is a digital currency before the existence of Bitcoin as a cryptocurrency so right now many people have queue up to invest into cryptocurrency such as bitcoin and other related coins knowing that it is an asset because the investment of cryptocurrency values to the society because it is not an asset that is why people like to invest into digital than manual businesses
Sorry but I never heard something about Gold as a Digital currency , as far as I know that this is a Physical form of currency in the early ages ?


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: kotajikikox on August 03, 2022, 11:37:28 AM
Will Only have one stand and that is a full support for Bitcoin , I am here because I trust this currency and trust this for My family's future.

i am for Gold but just a small part , maybe for safe keeping at least I am ready to what will ever happen in the future as we dont know what this would be.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: safgsdgh on August 08, 2022, 08:56:53 AM
I think both gold jewelry and bitcoin have value, but gold can continue to be mined and bitcoin is scarce, gold is much easier than bitcoin cash.
Bitcoin's market is limited, gold is easier to obtain, I don't think the two can be compared.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Cryptmuster on August 08, 2022, 09:21:11 AM
It is understandable, parents are usually old, not when they have a little baby, but when they have an adult who are making their own investment decisions, by that age we are talking about something much better. However, we are talking about something that could go a lot better if we know what we are doing, which is the fact that we could end up with people who are 60+ years old.

Even we could be closed to discussion about some stuff in our lives, and when people are 60+ years old, they do not really want to open themselves up to crypto and what it means, they do not care about it, they already lived most of their life and they just want to retire in peace.

By this age, already need to live from investments earned over a lifetime, and don't try to study something new, and rather risky, like a crypt. In old age, you want peace but not worries about your investments, although if you have capital, then in one way or another you will still need to deal with them so that it works and generates income. Just buying gold and storing it is also not the best option, what's the point of keeping it and never using it? )


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: DeathAngel on August 08, 2022, 05:16:20 PM
Gold is useless rock which really can not be used as a mean of exchange. Gold is something that was useful centuries ago, I don’t see any great future for it.
The price has barely moved for decades too, pointless waste of time.

Bitcoin on the other hand is the best performing asset of the last decade. Make your decision wisely.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: TelolettOm on August 08, 2022, 09:10:52 PM

Deutsche Bank, one of the largest private banks in Germany, predicts Bitcoin will return to $28k by the end of the year.
Interesting is that they rate Bitcoin as more valuable than Gold, they compare Bitcoin as rare as Diamond. ;D
We know that Bitcoin is much more volatile than gold. Bitcoin may have a significant drop in price, but on the other hand, Bitcoin may also have a higher increase. That is why Bitcoin is much more volatile than gold. Although gold also experiences price changes, in fact, the volatility is not really high.
That is why the price of Bitcoin can be very low and also can be very high sooner.
What about myself? I love both Bitcoin and also gold, no offense but these are all my investments.
I save my money on Bitcoin and also some money in gold. If we can do both, why not? Investing in gold doesn't mean that we are not loyal to Bitcoin, right? As long as we have the awareness, capital and money management, this will be okay right?


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: n0ne on August 08, 2022, 09:21:50 PM
Gold is useless rock which really can not be used as a mean of exchange. Gold is something that was useful centuries ago, I don’t see any great future for it.
The price has barely moved for decades too, pointless waste of time.

Bitcoin on the other hand is the best performing asset of the last decade. Make your decision wisely.
Just because innovative technology have made a big change in the market, you should not term hold to be a valueless rock. For centuries we've been used to the gold standard, and a next level of growth is the technology oriented bitcoin. Even now gold isn't scarcely available as most other metals, which makes it valuable.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: ninis45 on August 08, 2022, 10:25:26 PM
Gold is useless rock which really can not be used as a mean of exchange. Gold is something that was useful centuries ago, I don’t see any great future for it.
The price has barely moved for decades too, pointless waste of time.

I do not agree with your statement because until now from the beginning it was found until now gold is a precious stone whose value has never occurred inflation and can be considered an economically stable value.
before the existence of paper money, in the history of the world gold and silver were the medium of exchange and until now everyone wants to exchange with gold
Bitcoin on the other hand is the best performing asset of the last decade. Make your decision wisely.
in fact bitcoin until now still can't work as a P2P transaction tool that can be used by all people of the world as satoshi's initial goal of creating bitcoin, most of them are interested in bitcoin until now because of its value which has high votalitas and hope to get rich quickly, but I hope this impression is no longer the goal of many people to join bitcoin


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: knicely on August 08, 2022, 10:28:03 PM
Bitcoin can be transacted with globally without the trust of a third party or the approval of governments in a matter of minutes. Even though the max number of daily transactions is limited it's far better than gold. Also the Uganda gold deposit proves that the vast computing power needed to mine bitcoin and make a living doing it, and maximum the supply of bitcoin is an indicator bitcoin is more scarce and it can be more useful than gold as a store of value and a monetary medium of exchange.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Rufsilf on August 08, 2022, 11:23:12 PM
Will Only have one stand and that is a full support for Bitcoin , I am here because I trust this currency and trust this for My family's future.

i am for Gold but just a small part , maybe for safe keeping at least I am ready to what will ever happen in the future as we dont know what this would be.
If we are too practical, the choice of Bitcoin for an investment is a smart choice over Gold. I don't discredit the credibility of Gold but it was to see that Bitcoin is more profitable whether in the short-term or long-term, unlike Gold where we need to wait several years in order to see its value will grow. Like if you are an impatient person, this makes you not wait that long and just sell them earning only a small percent.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Jo_Liu on August 09, 2022, 09:46:50 AM
Everlasting arguement: Bitcoin & Gold: Which one is better? Gold is one of the more rare metals. Bitcoin is rare compared to other cryptocurrencies, and gold is rare compared to other metals. They are both rare in their respective categories. But which one is better depends upon your risk tolerance, investing strategy, how much capital you have to use, and how much you can tolerate losing. Bitcoin is much more volatile than gold, making it a riskier investment than gold. And it depends on your invest goal, long-term or short-term.
https://xtrading.com/analysis/futures-analysis/gold-price-august-8-2022-non-farm-payrolls-doubled-as-expected-in-july-gold-prices-face-the-risk-of-falling/


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Detritus on August 09, 2022, 10:25:54 PM
If am to chose between Bitcoin and gold, I will consider Bitcoin over gold. There are yet lots of gold to be discovered in this world but Bitcoin is rear and more easy to carry about securely stored in your mobile wallet. The crypto market has two side which is bear and bull season. Bitcoin will gain more hight in future.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: AmoreJaz on August 09, 2022, 10:31:42 PM
Gold is useless rock which really can not be used as a mean of exchange. Gold is something that was useful centuries ago, I don’t see any great future for it.
The price has barely moved for decades too, pointless waste of time.

I do not agree with your statement because until now from the beginning it was found until now gold is a precious stone whose value has never occurred inflation and can be considered an economically stable value.
before the existence of paper money, in the history of the world gold and silver were the medium of exchange and until now everyone wants to exchange with gold
Bitcoin on the other hand is the best performing asset of the last decade. Make your decision wisely.
in fact bitcoin until now still can't work as a P2P transaction tool that can be used by all people of the world as satoshi's initial goal of creating bitcoin, most of them are interested in bitcoin until now because of its value which has high votalitas and hope to get rich quickly, but I hope this impression is no longer the goal of many people to join bitcoin

i have to agree with you here. up until now, gold is considered to be a vital one in the market, not only for investments but a vital component in industries like electronics, jewelry, medical, automative and many others. so just ask yourself, can bitcoin be used in those industries as a component? nope. also, just look at the electronics and your mining equipment, for sure, gold is one of the important parts of these gadgets. so saying that gold is a useless rock, i absolutely do not agree with this statement.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Natalim on August 09, 2022, 10:48:12 PM
Well OP, the good thing about Bitcoin has two functions as a currency and as an asset. Not really the most preferred thing because it was a risky investment and not yet globally accepted but as we talk about the future, that is really a big factor to consider and this is why people had left Gold and choose Bitcoin. Though I have both Gold and Bitcoin, as I compared them Bitcoin seems to be more profitable and I'd see the price is growing fast, unlike Gold which is pretty far.  If you are very focused on earning money, Bitcoin is gonna be the best choice.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Flamous on August 10, 2022, 05:02:31 AM
Why compare gold and bitcoin? Both are valuable. Bitcoin is volatile as compared to gold but has seamless potential. On the other hand, gold also makes a good amount of money. I have invested in both.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Monica Wallace on August 10, 2022, 06:40:00 AM
Gold has dominated the safe-haven asset space for hundreds of years, while Bitcoin, which launched just over a decade ago, has only gained widespread acceptance in recent years.I personally think that gold is a physical hard currency, and Bitcoin may become a virtual hard currency in the future.Gold is something that can be seen and touched, and can be circulated in reality and exchanged for prices.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: harapan on August 10, 2022, 06:10:21 PM
Personally, I would try not to choose between having gold bricks and having bitcoin. Both are no doubt very valuable and will probably still be valuable in the next 20 years. But I think it’s noteworthy that gold is a natural resource that is deposited in lots of places and can be mined and found. Whereas, bitcoin isn’t a natural resource and has a definite number out there. I think that alone makes bitcoin more valuable. The fact that there’s a definite number of bitcoin out there should make it more valuable than gold in the long run.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: goldkingcoiner on August 10, 2022, 06:31:40 PM
Since the new explorations have uncovered so much gold, that gold will enter circulation and cause a gold inflation. So obviously the price of Gold will go down and its steady but slow rise will not justify investing into gold this year. Not for me, at least.

The USA has waged wars to stop other countries getting richer with their own dug-up gold because the Dollar used to be based on gold and now its based on nothing. So much for that.

Obviously I am not in favor of gold. Bitcoin is king!

1BTC=1BTC


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: stomachgrowls on August 10, 2022, 11:36:48 PM
Since the new explorations have uncovered so much gold, that gold will enter circulation and cause a gold inflation. So obviously the price of Gold will go down and its steady but slow rise will not justify investing into gold this year. Not for me, at least.

The USA has waged wars to stop other countries getting richer with their own dug-up gold because the Dollar used to be based on gold and now its based on nothing. So much for that.

Obviously I am not in favor of gold. Bitcoin is king!

1BTC=1BTC
Well, we do have our own views and opinions but considering gold is one of the most precious metal and resource that we do have in earth and its value all over the years then there's no doubt that still

able to sit in one of the most valuable asset which you could really store on although even or despite out of those discoveries and explorations but it would really be still scarce and i dont know
on why they are really that a fan on comparing a natural mineral to a digital asset.

Why wont really just simply make out investment on both if you do have the money?


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Artem Sereda on August 26, 2022, 09:27:50 AM
Well, gold is a more crisis-resistant asset, the price of gold is holding up, but what about the price of bitcoin? I think it’s not worth reminding about this pain) In any case, bitcoin is more interesting in development and opportunities. It seems to me that this is precisely why he is so highly valued - precisely because of the promising ways of rewarding!


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: XZERO1 on August 26, 2022, 11:22:59 AM
If only you could send physical Gold to another part of the world with a press of a button, right?

I'd say they're close enough in terms of being future proof even though it doesn't look like that at first glance as Gold is this old traditional asset that can't even be transferred easily without making it partly a digital asset and tying it into this centralized/decentralized other company that you should put your trust in.

My reason for thinking they're both very close in being a good long-term investment is this>> because if we're thinking far in the future there could also be a day that world is in such a condition there's barely any internet accessible in the world and that's when Physical Gold that previously was not very practical to use in a technology centered world becomes handy again and could very well turn into money and an asset that people trade using it just as it was used in the old days.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: darkangel11 on August 26, 2022, 08:28:26 PM
I'd choose bitcoin over gold if I had to unless it would be physical gold. This one is trending up and can achieve much higher price than the gold index would suggest. I'd think about it if someone offered me 100% legit, pure physical gold. If we are comparing bitcoin and gold in the form of gold stock there's nothing to talk about.

Well, gold is a more crisis-resistant asset, the price of gold is holding up, but what about the price of bitcoin? I think it’s not worth reminding about this pain) In any case, bitcoin is more interesting in development and opportunities. It seems to me that this is precisely why he is so highly valued - precisely because of the promising ways of rewarding!

Are you sure about that? I don't think you've checked the price of gold in the last couple months. It's in a downtrend like everything else, but fiat currencies that are being artificially pumped by central banks.

https://i.imgur.com/TXcEqaL.jpg



Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Markinzo on August 27, 2022, 05:55:09 AM
Irrespective of certain similarities between these two functions I particularly think they both serve significant purposes that makes them special based on their different value and usage.

In all times I'll go for gold, in that, it has been an assset over  generations untold before even Bitcoin was established and still it has never crashed or lost it value to man.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Mauser on August 27, 2022, 07:05:22 AM
Since the new explorations have uncovered so much gold, that gold will enter circulation and cause a gold inflation. So obviously the price of Gold will go down and its steady but slow rise will not justify investing into gold this year. Not for me, at least.

The USA has waged wars to stop other countries getting richer with their own dug-up gold because the Dollar used to be based on gold and now its based on nothing. So much for that.

Obviously I am not in favor of gold. Bitcoin is king!

1BTC=1BTC

I fully agree with you, there is no real guarantee that gold is going to keep its value long term. The value of gold has been so high for many years now because older generation view it as the only save solution to store value. Eventually these old investors are going to disappear and I am sure their children and grand children will not keep holding all that gold. Eventually all these gold investments are going to be sold and the price will drop. Bitcoin is a much better investment in my opinion. You don't have to worry about storing the gold at home or in a bank vault, or go for synthetic gold which is only guaranteed by the good name of a bank. For me it's all about diversifying my assets and not hold everything I own in one bank. Banks today are bigger than they were in 2008 and if there is another big financial crisis it will hit the average investor the most. Bitcoin is the perfect tool to avoid being dependent on the financial system. I will always choose bitcoins over gold.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: krishnaverma on August 27, 2022, 09:41:55 AM

Deutsche Bank, one of the largest private banks in Germany, predicts Bitcoin will return to $28k by the end of the year.
Interesting is that they rate Bitcoin as more valuable than Gold, they compare Bitcoin as rare as Diamond. ;D


https://www.bloomberg.com/news/articles/2022-06-29/deutsche-bank-says-bitcoin-could-reach-28-000-by-year-end
https://i.imgur.com/gaViReB.jpg


Personally, I think both Gold and Diamonds will not be comparable to Bitcoin.
Gold is still abundant on earth that humans have not yet exploited,
You know, Diamonds are something that we can make if we want more, Bitcoin is not, there is a limited 21 million Bitcoins and then no one will be able to generate more than one new BTC.


The Republic of Uganda, is a country located on the African continent.
On June 8, 2022, Uganda said it had discovered 31 million tons of gold ore, which could generate 320,158 tons of gold, more than the current total gold in the world is 201,296. :P
This is only one-way information from Uganda and has not been recognized by the world gold council, but it shows that it is difficult to know exactly how much gold is in the world, there may be a lot more out there. Regarding Bitcoin, no one can deny that there is only 21 million BTC.

https://news.bitcoin.com/uganda-claims-exploration-surveys-discovered-31-million-metric-tons-of-gold
https://i.postimg.cc/WzCpgDwF/bit-vs-gol.png


Good luck

Duke

Both gold and bitcoin have their own merits and demerits.

Merits of gold
1) It is traditionally trusted by lot of people.
2) Very easy to exchange, buy and sell.
3) Has proved its growth for longer time.

Demerits of Gold
1) Very risky to carry or store.
2) If you store as ornaments , lot of making and other charges.


Merits of Bitcoin
1) Can be stored and traded electronically.
2) Higher rate of returns.
3) Accepted by many reputed platforms in place of cash

Demerits of bitcoin
1)Lot of fluctuations in price.

Overall , I prefer crypto over gold.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: hZti on August 27, 2022, 09:30:05 PM
It is possible that there is a whole lot of gold being discovered somewhere in there world like right now in Uganda. Still there is also in Bitcoin the 1 Million bitcoins that people think that satoshi owns for example. We can not know if those coins actually will be moved and sold at some point, which will also create a deflation.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Raflesia on August 27, 2022, 09:34:49 PM
Irrespective of certain similarities between these two functions I particularly think they both serve significant purposes that makes them special based on their different value and usage.

In all times I'll go for gold, in that, it has been an assset over  generations untold before even Bitcoin was established and still it has never crashed or lost it value to man.
There are advantages and disadvantages of each which makes this a fifty-fifty and it all depends on the perspective and courage of each person.
Both are indeed very good but gold is more profitable if it is talking about Risk. But in terms of value advantages, I think bitcoin is still better than anything but we must also be aware that the risk is also quite large in this case.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Ziskinberg on August 27, 2022, 10:38:12 PM
Irrespective of certain similarities between these two functions I particularly think they both serve significant purposes that makes them special based on their different value and usage.

In all times I'll go for gold, in that, it has been an assset over  generations untold before even Bitcoin was established and still it has never crashed or lost it value to man.
There are advantages and disadvantages of each which makes this a fifty-fifty and it all depends on the perspective and courage of each person.
Both are indeed very good but gold is more profitable if it is talking about Risk. But in terms of value advantages, I think bitcoin is still better than anything but we must also be aware that the risk is also quite large in this case.
For some reason, people had chosen Bitcoin over Gold because of its high earning yield. However, the risk of investing in Bitcoin is too high which is not the most preferred for not risk-takers so decided to take Gold as an option. But above all, it doesn't matter if we choose Gold or Bitcoin but is the most important is that we invest something for the future and we choose the investment that really fits us and we certainly know what we are doing. Because many people choose Bitcoin and lose because of a lack of knowledge.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: AjithBtc on August 27, 2022, 10:47:15 PM
Gold
It is trusted by everyone and gives the easy access and considered as collateral.
The value of gold won't be that volatile, and it has evolved through different standards and usage.

Bitcoin
It is dependent on technology and the world is towards it. It is against the system of inflation and third party involvement.
The market is highly volatile and have reached big out of the demand to supply approach.

On the whole I've got two reasons on each to support. My region is not much user friendly to cryptocurrency. So, gold will be my choice for local needs and for long term investment purpose I prefer bitcoin.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: 8rch7 on August 28, 2022, 01:54:00 AM
Gold
It is trusted by everyone and gives the easy access and considered as collateral.
The value of gold won't be that volatile, and it has evolved through different standards and usage.

Bitcoin
It is dependent on technology and the world is towards it. It is against the system of inflation and third party involvement.
The market is highly volatile and have reached big out of the demand to supply approach.

On the whole I've got two reasons on each to support. My region is not much user friendly to cryptocurrency. So, gold will be my choice for local needs and for long term investment purpose I prefer bitcoin.
Totally agree with what you say, most likely almost everyone where I live they prefer gold for them to make their assets and jewelry, because there is no significant risk when we hold gold, where I live almost all women use gold if they already have money, only gold is the purpose of their purchase, but personally I am not too interested in buying gold, honestly I am interested in investing in bitcoin, even though I know the risk is too high but I still invest in bitcoin in the long term.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: autumnleaf on August 28, 2022, 05:00:06 AM
Personally, I think that gold is superior. Since it may be used as a source of money and as priceless jewelry, it is extremely precious. Because of how uncommon it is, the price will continue to rise.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Xampeuu on August 28, 2022, 09:00:20 AM
Gold
It is trusted by everyone and gives the easy access and considered as collateral.
The value of gold won't be that volatile, and it has evolved through different standards and usage.

Bitcoin
It is dependent on technology and the world is towards it. It is against the system of inflation and third party involvement.
The market is highly volatile and have reached big out of the demand to supply approach.

On the whole I've got two reasons on each to support. My region is not much user friendly to cryptocurrency. So, gold will be my choice for local needs and for long term investment purpose I prefer bitcoin.
Totally agree with what you say, most likely almost everyone where I live they prefer gold for them to make their assets and jewelry, because there is no significant risk when we hold gold, where I live almost all women use gold if they already have money, only gold is the purpose of their purchase, but personally I am not too interested in buying gold, honestly I am interested in investing in bitcoin, even though I know the risk is too high but I still invest in bitcoin in the long term.
Bitcoin users are still minimal around us, and gold has become familiar to everyone as jewelry and a tool to save money, at least there is a physical that can be seen, and easy to sell anywhere. this will be different from bitcoin which is a new and popular product in recent years, so understand that few people know it, judging from its fluctuations, I think bitcoin is very profitable in the long term. whatever the choice, I think it depends on the needs of each person to choose both, because they have their own characteristics


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: wahyuagung26 on August 28, 2022, 02:29:47 PM
I'd choose bitcoin over gold if I had to unless it would be physical gold. This one is trending up and can achieve much higher price than the gold index would suggest. I'd think about it if someone offered me 100% legit, pure physical gold. If we are comparing bitcoin and gold in the form of gold stock there's nothing to talk about.
Of course the people here will have the same thoughts as you, and they will prefer Bitcoin over Gold, and myself included in this. Even if it is measured in terms of the advantages of Bitcoin, it wins more than Gold.

It's simple, if you compare Gold and Bitcoin, what you have to consider is from which point of view, if the investment is both very suitable for investing and both have very good features.
But still I am more in favor of Bitcoin myself, and probably many others have the same thoughts.




Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Raflesia on August 28, 2022, 02:35:10 PM
There are advantages and disadvantages of each which makes this a fifty-fifty and it all depends on the perspective and courage of each person.
Both are indeed very good but gold is more profitable if it is talking about Risk. But in terms of value advantages, I think bitcoin is still better than anything but we must also be aware that the risk is also quite large in this case.
For some reason, people had chosen Bitcoin over Gold because of its high earning yield. However, the risk of investing in Bitcoin is too high which is not the most preferred for not risk-takers so decided to take Gold as an option. But above all, it doesn't matter if we choose Gold or Bitcoin but is the most important is that we invest something for the future and we choose the investment that really fits us and we certainly know what we are doing. Because many people choose Bitcoin and lose because of a lack of knowledge.
As I said before, this depends on each other's choices regardless of what they are still one that is indeed very good for investment and is very liked by its fans depending on what they want.
Apart from the actual risk, this is something that cannot be avoided because it is clear that when we want something big, we must be prepared to face a bigger risk.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Detritus on September 02, 2022, 08:28:41 PM
I know gold has more usability features than Bitcoin but without minding that, Bitcoin is not to be compare with gold. I will definitely be on the wining side if Bitcoin price is pumping because I have 60% of my investment in Bitcoin, am still safe if the market for gold is  booming because I still have 40% asset on gold investment.
 There is no rules like, if you want to be rich, invest in Bitcoin, if you want to be richer, only invest in Bitcoin, if you want to be a billionaire, invest more in Bitcoin. Split assets over other areas of investment like gold. For me, I have the both so am definitely going to be in favor of both.


Title: Re: Will you be in favor of Gold or Bitcoin !!
Post by: Myleschetty on September 02, 2022, 08:35:01 PM
I know gold has more usability features than Bitcoin but without minding that, Bitcoin is not to be compare with gold.
Yes, Bitcoin and Gold shouldn't be compared because they serve different purposes but it is the curiosity of some investors that lead to this comparison.

I will definitely be on the wining side if Bitcoin price is pumping because I have 60% of my investment in Bitcoin, am still safe if the market for gold is  booming because I still have 40% asset on gold investment. There is no rules like, if you want to be rich, invest in Bitcoin, if you want to be richer, only invest in Bitcoin, if you want to be a billionaire, invest more in Bitcoin. Split assets over other areas of investment like gold. For me, I have the both so am definitely going to be in favor of both.
Winning or not, with the potential and the opportunity Bitcoin always presented. I must be crazy if i don't go for Bitcoin always no matter the market trends.