Bitcoin Forum

I was going through twitter post today and I came across  a post. Then I wondered what about hypes from medias and the success behind  Gold or is it only out of trading it falls before gaining it balance back.

Gold isn't much stable but can be volatile and I guess traders make some profit out of its volatility. However ,BTcC is more volatile compare to Gold , but why is Btc still preferred over Gold .
In my view, I believe  most people store their assets as Gold  because Gold is less volatile compared to BTC
But what about  choice  between Gold to BTC this image should  determine

https://www.talkimg.com/images/2023/11/13/znHbN.jpeg
https://twitter.com/TheBTCTherapist/status/1724011723726655577?t=KoU4wY5CWS_n5hNe1KKZ-g&s=19

This is somehow funny though if you've invested  in Gold then compared to now :P

I couldn't believe this is true until I checked it myself.

https://www.talkimg.com/images/2023/11/13/zC3ia.jpeg
https://goldprice.org/

Form that chart, gold was around $1900 in 2011 forth quarter. Gold price as of today is $1961.

It is better to buy bitcoin instead of gold.

Is he Peter Schiff (https://twitter.com/PeterSchiff) who is a greatest Bear against Bitcoin?

He called Bitcoin is fraud, invested in bitcoin is stupid when Bitcoin is a few dollars to $10,000 till $69,000.
He told that people should sell their bitcoin because bitcoin will fall to $0 over years.

So far, since 2009, I can officially say Peter Schiff and all of his callings are wrong. In future, will his callings against Bitcoin be true? I am seriously doubtful about that.

Bitcoin is not dead

• https://buybitcoinworldwide.com/bitcoin-is-dead/
• https://99bitcoins.com/bitcoin-obituaries/

and it will not be dead because of Lindy effect (Lindy's law) (https://en.wikipedia.org/wiki/Lindy_effect) as mentioned in The bullish case for Bitcoin (https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1).

Gold is still a good investment and with recent actions from central banks globally, it seems gold will have a surge but I would like to choose Bitcoin as it has better ROI (use this casebitcoin.com (https://casebitcoin.com/charts) website and look at the ROI chart.
Why central banks are betting big on gold? (https://www.usfunds.com/resource/gold-prices-record-their-strongest-october-surge-in-nearly-half-a-century/)

People prefer gold over butcoin currently is because Gold has been existing for a very long time, meaning everybody worldwide knows the value of gold and that gold is a safe heaven asset. Before bitcoin came out, gold has been seen as the most valuable asset. If bitcoin can last as long as gold, then you will see that most people will prefer bitcoin because it has high volatility and can be used to make good profit than gold when investing in a long term investment and can be bought by both the poor and the rich

Bitcoin with the little time of existence has outperformed other assets in the market and it will still continue to outperform them in future. The limited supply of bitcoin has also given bitcoin more potential. I believe that when Bitcoin ETF is been approved a lot of people will understand the strength of bitcoin in the market

Yes he's very popular  :D . But I think he said that back in the early days of Btc launch and I guess he's still witnessing  it all.

In my opinion.
This will only happen when the crypto market is approved in all countries.
Currently, looking at the overview, it can be said that your opinion is correct

Gold is simply old generation. It might have served people well in the past, but today's generation will unlikely be attracted to gold as a SoV due to digitization of everything and because of the rise of nomad entrepreneurs.

After the ups and downs of the market, people still choose gold as a good form of storing assets ::)

Gold is volatile but it has a some what predictable volatility.  It mostly moves with the world.  If things go bad it pumps.  If things go well it sticks to where it is or dumps.

Bitcoin has a different volatility.  It moves with the world now too, because way too many people got into Bitcoin to not move with the markets.  It was a different thing years ago when it had its own route.  But Gold does not have halving or such features.  Or Shitgolds.  We do have Shitcoins and they do affect the Bitcoin market in a tremendous way sometimes.

It would have been an insanely good opportunity to invest in Bitcoin back in 2011.  Even for the largest Bitcoin haters.  But back then only a handful of people believed Bitcoin would grow to even a tenth of its current size.

Gold is still a very good way of storing value.  Bitcoin is a little bit different.  And as much as I hate Bitcoin haters.  It is true that while Bitcoin proves to bring insane ROI, it is just a digital asset.  In very rough times Gold is still a better option.  You can not rely on a digital asset if you are in very bad times like World Wars.  You can rely on Gold however as the asset to still store value and it provides a way to use that value physically too.

Debatable.  This is an ever lasting subject.  At the end of the day Bitcoin and Gold are two separate assets providing different positive and negative bullets.  Gold is meant to provide safety.  Bitcoin is meant to provide freedom.

Schiff is a gold man and will always be. Those negative statements and FUD he has said about Bitcoin determines his bias before.

What a determiner chart. This shows how stagnant gold for a decade and likely to move a bit for the upcoming years. Unlike with Bitcoin, it's still young but we see how it progressed.

Yeah, Buy Bitcoin!

Hey there has been multiple threads in the past in regards to comparison between gold and Bitcoin, just in case if you have not seen those I would like to share my opinion why we cannot compare gold and Bitcoin.

Gold and Bitcoin are two different assets wherein Bitcoin was created to decentralise our financial transactions and to give us financial freedom but once people realised that it can give huge ROI they started using it as an investment medium wherein Gold on the other hand gold is more stable and used to store asset wherein we will see lesser appreciation in gold but one doesn't have to worry about volatility and Gold is physical asset. People may use bitcoin for trading or investment medium but cannot hold Bitcoin as an asset like Gold due to fear of fluctuations and volatility.

I would would Bitcoin to trade, invest and gain profit and store it in form of gold as an asset. 

Both are great asset and very good as an investment tool. Gold looks like a save heaven because of its volatility which is less and because it is globally accepted while the bitcoin will generate you more ROI. I see both as a good  portfolio diversification, with Gold you don’t need to worry about looking for Alticoins as stablecoins when investing in bitcoin you will just diversify some funds to gold and when bitcoin experiences his bearish period and you are in need of funds you can just move there to sell.

One other thing aside ROI that attracts investors to bitcoin is the fact that you can easily purchase bitcoin seeminglessly at the comfort of your home without middleman but Gold sometimes doesn’t have buyers ready and also needs middlemen which can affects ones privacy

Gold's definitely got some appeal, you know? It's been popular for investing for a really long time, and it feels stable.  But Bitcoin's like the new crazy kid in town.  The price goes up and down all over the place, but people are loving it way more than gold now. 

Gold's the old faithful of investing.  But Bitcoin's the wild child that's got everyones attention these days, even with the constant volatility.  People are attracted to the huge growth potential, I suppose.

Honestly speaking It's obvious that if we compare these two Gold and Bitcoin then I'll say that we can earn a lot of profit if we are gonna invest Bitcoin. Cause like for example like what you've showed above is when those people have 100 or more Bitcoin in year 2011 then now they are millionaires while comparing those gold holder they earn but not big as Bitcoins. Cause when the price of Bitcoin will up then there's a chance that your capital will doubles or even trippled. Unlike the price of golds.

The price of Bitcoin is not the same as the price of gold. If we talk about investment, recently many investors are looking for a comparison of comparable assets to use as a long-term investment moment.

Even though these two assets are often used as masterminds of comparisons between Bitcoin and gold, for me these two assets are the most effective instruments in a real method of protection against the erosion of inflation that is occurring, However, the average person still thinks Bitcoin is a speculative and risky investment asset. Thus, whatever the reason, gold is still considered a hedging asset, which can be said to be quite perfect and safe, therefore whatever happens is based on faith.

There are already two people showing gold charts and it can be concluded that investing in Bitcoin is better for those who expect greater returns.
Bitcoin also outperforms in terms of long-term value without trading.
While Bitcoin is superior to gold, we have no right to claim that gold is bad from another perspective because gold was proven to be the best store of value against fiat currencies before Bitcoin was created.

Gold has established itself as a store of value which is why it will always be the first choice of investors. However, the goal of the investors matters when choosing from both assets. If your aim is just to keep your money safe from inflation to preserve the purchasing power, gold will be a fair option. But if you are focusing on making a profit from a long time investment bitcoin will be the best option.

In times of economic uncertainties like recession, investors prefer to invest in established safe-haven assets like gold. People tend to stay away from speculative assets in times of economic problems. But a sound economy will encourage people to invest in speculative and risky assets. Investment is by choice and the level of risk one is willing to take.

Gold, which has been recognized as a valuable resource by people since ancient times. As an important means of financing a country's economy, gold is held as a government reserve in most countries of the world. Bitcoin and gold are two very valuable assets and a comparison between them can show different levels. Today's society is believing in modern and modern technology and it is becoming an important part of their living. Advances in technology, the addition of the Internet, social media and other digital tools have enriched and transformed their lives. In modern society they provide social communication, free access to information, and interest in new ideas and progress. Since Bitcoin is a digital currency, it is an advancing technology and more valuable so most people prefer Bitcoin over gold. These assets vary in several basic characteristics and it depends on which one can help fulfill which situation better.

I think Gold is just to store and maintain the value of assets freed from inflation and not what you're thinking. Moreover, the value of BTC is based on its usefulness as a medium of exchange and its scarcity. The present generation actually preferred BTC over Gold despite its higher volatility because BTC is much more liquid than gold meaning that it's easier to buy and sell. Again, BTC is much easier to store and transport than gold since it's a digital asset. Majority of us believe that BTC is a better store of value than gold because it has a fixed supply and is less influenced by politics or central banks. Gold seems to be outdated.

Well, the meme you have shared is a little bit wrong in the context of prices, because the rates of gold did not remain the same over the 12 years, If you calculate the price there would be a difference of $300 between the price of gold per ounce at 2011 if compared with the price of Gold in 2023.

Well, besides the price of the gold, people prefer BTC over Gold because Gold is difficult to carry, and there are restrictions by governments to carry a huge amount of gold from one place to another, you can easily carry $1 billion of BTC but you can't carry $1 billion of gold without investing in transportation and without making arrangements.

In short, Gold comes with lesser profits, and more costs, while BTC (digital gold) is quite the opposite of it.

I was also not believing because I never compared them before or even If I did I might not have given that much importance but the holders of gold must be frustrated now. There is no doubt that Gold was less volatile but the tax, and expenses of managing the gold must be huge. For example, a few days ago I saw an image saying that gold is $1.6 billion and we know how heavy one brick of gold can be in the below picture the weight and the space that gold is occupying is a lot. And the expenses like security or a vault to store them must be expensive too either it is bought or rented.
Gold is for old people who don't accept new technology while BTC can be called technological gold because but with limited supply as real gold has unlimited supply because we don't know how much gold is going to be discovered in the future but in the terms of BTC we know there are 21 million coins.

That's why the BTC has gained that much value over gold because BTC has scarcity while Gold don't.

From this picture, we can see the potential that Bitcoin can achieve as a long-term investment. This is different from gold, which has already become a long-term investment for many people. However, if you look at its price movements, Bitcoin is more volatile than gold.

Now, people like Bitcoin because they see the returns they get are greater than those from gold. But there are still people who don't want to use Bitcoin as a long-term investment and still choose gold. That's okay because we can't force them to switch to Bitcoin as a long-term investment.

However, there are definitely people who use both Bitcoin and gold as long-term investments. They see that both Bitcoin and gold can maintain profits. We know that Bitcoin and gold are different, but it is from the differences that we take advantage of them.

Not as funny as investing in bitcoin at 60k

Some people do make this comparison every time over a cryptocurrency but what you guys don't understand over bitcoin and gold is that, a gold is a digital currency and bitcoin is also a digital currency and also a valuable currency like bitcoin, so the thing is that Bitcoin is a new technology in which nobody can predict its value and when it will be out of market, whereas gold currency has been into existence before 2009 when bitcoin was been introduced and started escalating, so people currently values bitcoin more than any other digital currency because of the technology behind bitcoin development and also the embrace people embraced bitcoin technology within short time of bitcoin existence.

I have no doubt that gold is a good investment from time to time –however, without a really good event or fundamentals, I'm not sure it would be doing much. IIRC, Gold was priced around $1815 between late September to early October 2023. The value went up to almost $2K when the Israel vs Hamas war started as people bought more gold as a safe haven asset which was why the price went up so much in such a short time.

I'd take a bitcoin investment vs gold any other day of the week.

Just as Mk4 said it's a generational stuff, the older generation attach so much value to Gold and  it was as good as bitcoin now to them. I think that's the reason why bitcoin exist (something new has to replace gold) because every generation has what they attach they value to. At because of this i believe something stronger than Bitcoin will surely exist in more generation to come. [ If you like criticism this statement it is still the truth] people will keep moving forward and new inventions will exist.
I personally see gold right now as (SOV) A store of value. If I don't want to save my money in fiat I can just buy some gold and keep them save. it will still retain my money with almost the same value it was when i bought it. More like in my country where leadership system is corrupt you can be prisoned for having too much money saved in your bank account. So to avoid this kind of situation i can diversify to gold as a store of value because it will keep my money and even profit me a little bit. For Bitcoin i see it as investment that i can trust and hodl for a long time and huge profit is sure.

Exactly, in the case put by the first few posters over the last 12 years Gold has
risen in value by .... $61 thats not volatility, it moves 1% or a fraction of it at a time
thats exactly why Gold has been so popular by the super wealthy, its perfect for
storing wealth particularly in times of high inflation and dilution of FIAT currencies
without the big risk.

The image in the OP is a perfect visual for us who want to convince our friends that
actually there is a better vehicle to use than Gold, its Bitcoin.

Two people I know whom I have talked to in the past have all spent their money on Gold,
cant wait to show them this visual image.

Between digital gold and bitcoin, investors will prefer investing in bitcoin than gold because of the higher returns but for the physical gold people will still prefer it because its been existing from old and so higher trust on physical gold than bitcoin don't forget Bitcoin is still in the adoption age, maybe bitcoin will later in the long run exceeds it because the world is turning to a global village.

Let me say you are misrepresenting things about Gold and Bitcoin. Gold is never stable, it's very volatile, only that it is old, and the older and more liquid an asset is, the more likely you would be able to manipulate it and cause artificial volatility. This is why you think that Gold is stable but it moves so much on a daily, weekly, monthly and yearly basis and I trade it most if I must add. It is such that doesn't care much about breaching the ATH but well-informed strategies will make one earn both in trading and investment of Gold.

But Bitcoin, is still new and less liquid, unlike Gold which is what causes the lousiness and volatility. When it becomes more liquid, it becomes less volatile and the ATH would rather take time to be breached by then. Also, any asset with ATH now might record a lower value in over a decade, Bitcoin is still young, so let's wait for what it will do in the future.

Let's say this comes with difference or not, gold cannot still stands beside bitcoin, you can make the analysis well and checked the twelve years of gold compared to that of bitcoin, you could see that if someone is given an opportunity to make an investment by choice, it will definitely be bitcoin and not gold in this case, their annual performance is what will determine what we can use as the main reason to make our decision on anyone of them for our own profitable investment and you can see how much diversion has been made over gold to bitcoin ever since it's invention since 2009.

For the main part gold is a get away from inflation affecting the value of our money in fiat. The point is gold has gained a global trust than bitcoin as it has exist over a century now as a store of value and government, institutions and individuals trust to keep the value of their money with gold than BTC that has just been around not quite long.

However, if you want to make an astronaut profit investment bitcoin is the big shot to go for, like imagine from 2011 to 2023 the profit in value is enormous for bitcoin while gold is just probably making sure it doesn't fickle down just moving very slow and steady.

I would not say that Peter is a stupid person who does not understand what he is talking about, but that he only uses Bitcoin as something that puts him in the focus of all those who persistently compare Bitcoin and gold. He is a classic gold bug suffering from some kind of modern gold rush and believes in gold like Warren Buffett believes in stocks.

As far as I remember, Peter's son did not follow in his father's footsteps and is supposedly an investor in Bitcoin, and when the two of them meet at a lunch or dinner, they certainly have a very interesting topic to talk about :)

I always hate this comparison between Gold and Bitcoin. You cannot compare them at all. Bitcoin is much more calculated, already defined, limited, based on technology investment and Gold is a material like any other found in the environment, I don't know when you will find another country with so much hidden gold.

People investing in stocks and crypto and not in Gold is a clear indicator of how it was overrated in our history because there was no other alternative available to store the value of an asset.

Gold is a precious metal used by humans since ancient times.I would put Bitcoin ahead when comparing gold and Bitcoin because the price of Bitcoin does not fluctuate as much as the price of gold.But still people buy gold and hold it for a long time.They think good profits can be made from gold but if they knew and understood about bitcoin they would have hold bitcoins instead of gold.
Bitcoin is amazing to me because the price of Bitcoin doubles the price of gold in a matter of months.In the history of Bitcoin, it can be seen that nine years ago, the price of Bitcoin was only $108, and from there it has reached $37,000 today. It is truly incredible.

You can not compeard gold and bitcoin. Gold is a physical asset with low volatility while bitcoin is an online digital Gold with high volatility. It has been recorded that since bitcoin has surface to the air it has been drastically increasing over time. And has a greater store of value than gold. Another advantage of bitcoin over gold is that gold is not traded like bitcoin. With crypto exchange you can comfortably buy digital Gold (Bitcoin) in the confort of you home and can make profit within few hours of buying due to the demand and supply.

If Michael J saylor micro strategy did not invest on bitcoin and depends on Gold and other asset, I don't think if the company would have gained what they did so far let me show you the diagram.
https://static.seekingalpha.com/uploads/2023/9/15/7120841-16947978337381191.png
[img link address: 
https://seekingalpha.com/article/4636590-microstrategy-mstr-buying-its-bitcoin-macro-strategy

I don’t think the preference of Bitcoin or Gold is a matter of volatility, I believe the major deciding factor is what generation you are born. It’s not uncommon for the older generation to think that Bitcoin is garbage and has no real value. Their experience has taught them a great deal and has also conditioned their mind to trust only the old system. The younger generation are receptive to new ideas and do not dread the idea of a digital currency that isn’t backed by the dollar. 

How much growth do you expect in gold  over a year? The bitcoin on the other side is valuable asset for those who understand it while many don't like it due to the volatility issue and risks factor involved in keeping it safe from hackers.Gold is treated as an asset simply while for bitcoin it is treated as payment process also with lot of merchants accepting it so we can't basically make exact comparison for both of them and for me gold is not the way to make profits and if you consider future possibilities.

Very easy to calculate that bitcoin is Bitcoin is preferable then gold, some old people can advise that investment plan is home,gold,land and more, but I know Bitcoin is profitable all over the service.

Keep in mind that the bitcoin price has a lot more volatility than what you have indicated.  Also, it is much easier for older people to invest their savings in gold etc. because they are more knowledgeable about these assets. In order for them to start investing their money in bitcoin they need to learn what bitcoin is. Older people don't like novelty, at least most of them. Spreading awareness about bitcoin to the global population is still not enough.

I will go for Bitcoin because it's stable currency and doing right time investment give you good profit. You can see those person who proper analyse and invest in the bear market of Bitcoin. They get a good amount of profit. Other hand you can see gold the price of gold increasing sometime the price of gold is decreasing but gold can't keep you that much profit Bitcoin can give. That's main reason I always choose Bitcoin for profit.

I don't think that people invest in gold or buy gold because of profit, they do it so that they can store their wealth and save it from inflation because gold doesn't lose value when there is inflation in a country it even becomes more expensive while local currencies tend to lose value when there is extreme inflation, that's why, I think gold shouldn't be compared to Bitcoin because Bitcoin is totally a volatile asset and it has been the case since the beginning.

Gold gains value over time, maybe not as much value as Bitcoin, but it also doesn't lose as much value as Bitcoin just because it's less volatile than Bitcoin. So, whether someone will choose Bitcoin or gold for investment will depend on their targets and goals that they want to achieve through that. If someone wants to earn a lot of money through their investment, they shouldn't go for gold, obviously.

The photo you have shared just making a fun. Gold is valuable for a long time and is considered safe by many people. Even though its price can change a lot some traders make money from it.
Bitcoin is different because its price changes a lot. But some people like it more than gold. One reason is that it can make you more money.Bitcoin has gone up in price a lot before and some people think it will keep going up.
Bitcoin also has some advantages as compare to gold. It is easy to send and you can store it online.
Both have good and bad things. Make your own choice which one you will prefer. But I will prefer only Bitcoin.

Currently, the price of gold is increasing and the price of Bitcoin is also increasing. For those people who are overthinking this issue I give a simple solution that the person who is waiting to invest and who knows about Bitcoin will definitely invest in Bitcoin and the person who has no idea about Bitcoin will invest his money in some other business site. I did not mention gold because very few people buy gold.  People who don't trust banks usually buy gold and hold it but no one buys gold to sell when the price of gold rises. If we observe how much the price of gold has changed and how much Bitcoin has changed in the last five years, we may not have much trouble figuring this out because we can easily say that the price of Bitcoin has changed a lot. You compare gold with bitcoin but I never compare gold with bitcoin because gold and bitcoin are different. Gold is a physical precious metal and Bitcoin is a virtual precious currency.

I agree entirely with Alexis Ohanian, Reddit's co-founder when he said that Bitcoin is a modern version of gold ^{[1] (https://finance.yahoo.com/news/reddits-cofounder-says-crypto-winter-114237003.html)} and that they are not different from each other. Bitcoin embodies the same thing but for a new generation. I believe gold is a profitable investment, but it doesn't compare to the massive profits and returns achievable through Bitcoin, which is considered a safe currency in the market despite its price volatility. Some may view this volatility as unfavorable, and gold might be considered safer, but this volatility has many advantages. Investors can fill their wallets with more Bitcoin at competitive prices during downturns. When its price rises to new heights, this volatility can be beneficial. Many people still don't believe that Bitcoin is digital gold despite its limited total supply, which will decrease over time in the markets. As time progresses, scarcity and limited supply will make the price of Bitcoin high, aligning with gold in terms of scarcity and limited availability. For me, Bitcoin is the best investment, an advanced technology that has dramatically improved financial transactions.

Your choice is not wrong in this case, but you need to know that Bitcoin is not a stable currency because Bitcoin always experiences unexpected declines and increases in the market, even at very small levels. The big advantage that everyone can get through Bitcoin is because Bitcoin has a much bigger price increase at a certain moment, but that doesn't mean you have to call it a stable currency because the understanding that a stable currency is a currency that has no changes large in value and price in the market.

And I see that it is more appropriate to say that for Gold even though gold is not a currency category but rather a precious metal asset category which has been trusted by many people as a stable asset in storing the value of money so it is very different from Bitcoin which can provide good profits for its owners in the long term. not long. And it looks like you still need to understand about stable currencies in the crypto space so that you don't make the mistake of placing any cryptocurrency in the stable category.

I believe people choose to keep their investment in gold to keep it intact from inflation while Bitcoin was chosen as an investment by people cause it the perfect alternative investment for maximum benefit to open the doors of possibility in the market

Pls OP are you telling me the price of Gold doesn't inflate with time, you mean it remains the same price from years to years I would not rely on your Pic  chart. For the fact Bitcoin over heads Gold doesn't mean Gold should not receive it's own applaud. Gold has performed it's own function from centuries ago and still remains a store of value but Bitcoin coming into the picture has suceedingly over thrown Gold. The only reason why most people would still want to invest in Gold is because it doesn't gets deflated unlike Bitcoin, most persons are afraid of the volatile nature of Bitcoin and are afraid to invest in it, where else Bitcoin has overseeded Gold checking from past years chart and evidence is clear which to invest more into as Bitcoin always hit new ATH after every halving.
We can take Gold to be as a store of value while Bitcoin as an Investment

Because of the large profits obtained when Bitcoin rises in price, it reaches tens of thousands and has the potential to reach hundreds of thousands of dollars over certain periods in the long term.
If Gold is held in the same time period as Bitcoin, it will not achieve large profits as happened with Bitcoin.

More than most investment-savvy investors will hold equal amounts of Gold and Bitcoin as a store of value.

I chose both because they are both types of investments that are good at preserving value.

Gold is a physical resource that can be touched and held in the hand, and because it is mined in very small quantities, the price of the metal is high. And since it is physical, it is highly valued by the government of every country and is also kept by listening to the country's reserves. But Bitcoin is a decentralized coin and is a fully digital currency. on the other hand, the owner of Bitcoin is completely anonymous, which is why the government system of most countries and ordinary people who do not know much about Bitcoin are afraid to invest in Bitcoin. And the country's reserves are not decided to be in Bitcoin. On the other hand, as the price of gold rises slowly and its price falls very low, everyone is happy to invest here.  And as the price of Bitcoin increases very quickly, it is seen much lower, so the risk here is much higher than that of gold. But for those who can take the risk and have both the courage and the ability to take the risk, Bitcoin will be the best investment. As a Bitcoin user I would definitely choose Bitcoin

Gold made no returns from 2011 to 2023, that's strange, In my country due to inflation and unstable economic conditions As far as I know, Gold made over 100% gains, obviously the inflation and unreliable USD prices due to the unstable political conditions. For Bitcoin, if you mention the ATH it will be around double the current mentioned valuation.

It would be even smarter if you could do both. those are the two most sought after lovebirds to be able to have. Whatever the investment, whether it's BTC or gold, if you feel like you've had enough, get out of the market immediately and enter when the time is right, when you see it's cheap again and don't force it.

  Despite the picture often painted by the media, there are overlapping reasons to invest in gold and Bitcoin. Holding a mix of different assets in your portfolio is known as diversification. Healthy diversification can help your portfolio's overall performance. This is especially true when your different investments are not highly correlated. In other words, their prices won't tend to move in the same direction all of the time. The point isn't merely that gold prices and Bitcoin prices are non-correlated with one another. They are largely non-correlated with all other assets, in fact. Hence owning gold and cryptocurrencies is one of the best ways to add diversity to your investment portfolio.
  Both cryptocurrencies and precious metals are alternative types of money. You can think of metals as the money of the past and cryptos as the money of the future. Compared to existing currencies, gold and Bitcoin each serve as safe-haven investments. Both have a limited supply while fiat currencies do not.Like gold and silver, cryptocurrencies can be used in international transactions across borders. It's important to note that investing in any asset carries risks, and it's advisable to conduct thorough research, assess your own risk tolerance, and consider consulting with a financial advisor before making investment decisions. The potential long-term performance of Bitcoin, gold, or silver will depend on various factors and market conditions that can change over time.

Diversification is always the key to strengthen your investment portfolio.
So yes, it would be better to have both in your stash. Also, not all people are going to crypto because of so many reasons.
Only those crypto users, would appreciate investing in btc as well aside from gold. They both have their pros and cons.
Take advantage of what they can offer to your portfolio, and cash out if you do need it.

He's in the business of selling gold so that's what he does. He correctly identifies that crypto takes away lots of buyers away from precious metals so he fights that. And if not for his strong anti-bitcoin stance he wouldn't be half as famous as he is.
So maybe he's not so stupid after all.

I see a lot of hatred or irony toward Peter Schiff but I some what understand where he comes from.

Although I do not like him for how he treated Bitcoin publicly when he KNEW he was in the wrong.  Maybe we tend to see Gold investors in our boat way too often.  We are not the same.  Gold and Bitcoin are not the same.  Gold is a safety zone, Bitcoin is not.  Bitcoin is much more in the risk zone and most of the Gold investors will not like that.

We see the chart posted on the first page of this topic.  2011 versus today has similar Gold pricing.  But 2011 was a rough financial time.  It has been a while since then but I think we still do not feel the 2023 rough financial time as rough as we all did in 2011.  When the real financial meltdown begins Bitcoin may not do as good as Gold.

Check 2019 to 2020 chart once again.  When the Pandemic was announced Bitcoin dropped substantially.  Gold had an All Time High.  Later in 2020 Bitcoin started a rally but I suspect that was only coincidental because of the Halving.

Again.  Gold is meant to offer safety against such times.  This is why many of the Gold investors are proud of their investments and obsessed.  When times are good they buy.  When times are bad they are safe.

If only people like me from that year imagined this could come ? for sure I have bought all my
assets those days all in Bitcoin but sadly I am not , because I have learned about this in 2017 and yeah have also
wrong decisioning to sell even when the price is still climbing.for that long period of time Gold remain almost the
same while Bitcoin had that 37k multiplier in just more than 10 years.
or maybe they are coward enough to risk in Bitcoin while  they felt like being sure in Gold?

because if they have foreseen this will come , I am sure they will not dare investing in gold  ;D

That's very common. To know when the price is cheap is still a question mark. While waiting for a cheap price and choosing not to buy, at that time the price continues to increase.
Gold investors prefer to be safe, meaning they will remain silent when conditions are not good. In my opinion, Gold investors only want the value of their money to be safe with their type of investment.
Bitcoin investors reach out to both with the intention of wanting to hedge against fiat currency due to inflation and hoping to profit when prices experience large increases.

If over a period of 4 years, Bitcoin experienced a large increase, then Gold only experienced a small increase in price.
To anticipate uncertainty about when the price will be cheap to buy, Bitcoin investors can use the DCA method.

If I were comparing Bitcoin with gold I would find these memes acceptable but I have never compared Bitcoin with gold so such memes are unacceptable to me. Gold is not used by people for investment, there are many ways to use gold. If we want bitcoin we can't use it in body but we can use gold in body we can make different ornaments with gold and also if we want gold bars we can store it. Those who buy gold most likely want to keep their money safe. People who buy Bitcoin want to increase their money by risking money. There is no comparison between bitcoin and gold in my view the two are different and the value and status of the two are different.

There's nothing wrong in comparing BTC to gold. Most of demand for gold comes from investors, who are investing with hopes of profits, they just consider gold to be a safe option.

Who told you BTC is preferred over gold? This is a bitcoin forum so it is obvious that this community will vote for btc but if you go to a gold investor community they will vote for gold. The number of people who like to invest in BTC is higher because the risk it carries is considered an uninvestable asset by many traders. I do like BTC and gold at the same time and i think gold is also a very good option for someone who is trying to save their money from being lost in value due to inflation.

Currently, the price of Bitcoin is steadily increasing with the price of gold increasing slightly. A few days ago I was looking at a report in which it was said that the price of gold has increased the most this year. Bitcoin and gold are compared to each other because they are both very valuable. Bitcoin is the most valuable digital currency among cryptocurrencies while gold is one of the most precious metals in the world. Gold vs Bitcoin is being done here because those of us who are involved in cryptocurrencies feel that Bitcoin is a much better investment platform than gold for investing. I'm involved with bitcoin so I'll accept it but no matter how much you convince people who are not involved with bitcoin they will never buy bitcoin instead of gold because they have no idea about bitcoin. Anyone who has an idea about the subject will give more importance to the subject as we give to Bitcoin.

That's right. It is clear that the bitcoin market has absorbed a small part of the gold market as a store of value. Some like Saylor speculate that it will absorb it all but I doubt it because gold has a lot of use as a (bad) store of value in the form of costume jewelry, but what is clear is that in the digital age bitcoin is going to be preferable to gold, although they can coexist, and I myself have some gold, but in dollar countervalue considerably less than my bitcoin holdings.

Good old Peter Schiff hey, I believe his son is actually involved with Bitcoin. I have a feeling they have a good cop, bad cop thing going on. It wouldn’t surprise me if Peter Schiff does own Bitcoin, he’s been aware of it for a very long time & has had dialogue with well known Bitcoin advocates. As for Gold vs Bitcoin, there is no competition, Bitcoin for the win.

Agree with this mate every year the price of gold is increasing while Bitcoin the price is volatile every now and then there's a chance of high price or else low prices so we  must not compare gold and Bitcoin cause  like what you said in crypto industry Bitcoin is the king and trusted enough to hold while gold is one of the most precious stone on earth. But in reality it's good enough to have gold  like neck lace or bracelet or even earrings cause if there's an emergency then we can sell or pawn to the nearest shop.

The price of gold has gradually increased over the fast few years and it continues, people have a high confidence to hold in it because it's relatively less risk free or you can say less risky compared to other investments and I have good investment in gold it was started from few years ago. But young generation are very attracted to invest in Bitcoin they want to risk for high profit.

It may still be serving current people these days but only for those who still prefer traditional investment, while the new generation highly prefer digital currency most especially bitcoin which gained the most demand in the market. However, investing in both, gold and bitcoin will certainly create a maximum profitability, but the amount of capital needed will also be quite huge.

Gold and BTC both have their advantages and disadvantages. I am more interested in Bitcoin. Gold give less profit while Bitcoin give good amount of profit in same time period. Gold is stable and is being used as a store of value since ancient times. Bitcoin is new to the scene but chances are that it will not replace Gold as a store of value. BTC ETF approval is a good step toward bitcoin dominance but we still have a lot to see in the coming future.

The young generation isn't wrong. The world is moving forward at an enormous pace, and those who hold back will stay behind for sure. So, taking risks and accepting challenges is the only way to move forward because you can't just stick with traditional modes and depend on them your whole life, you will eventually have to upgrade and challenge yourself and take some risks and who knows, the risks might change your life for once and for all.

There is no doubt that gold is and has been a great investment asset it has been around for centuries which is the reason why it's considered one of the most safest and profitable investment methods for centuries, however, those who invest in gold will have to wait longer to get some profit while one might get multiple folds of their investment in that time with Bitcoin.

Gold is indeed less risky compared to other investments but still it doesn't mean it's not risky at all. Gold may be existed for many years and many people know it has value and many people prefer gold since they don't have to do much at all but only to hide it or put it in a vault unlike crypto where if you don't know how to keep it safe then there's a chance of it getting stolen. Anyway, crypto like bitcoin have more chance of earning more money compared to gold but as many have said that it's risky then so what?, It's our decision and not yours if we invest in crypto or not.

Gold and Bitcoin are both valuable asset in the current digital age. Gold is something we can actually see and is a permanent stable asset that is value as a real asset. On the other hand, Bitcoin is a virtual currency. which has no presence in reality. Bitcoin has presented itself as an attractive investment platform in the world of decentralized finance.which continues to rise in value along with gold.People who are involved in Bitcoin and have a thorough understanding of Bitcoin are not willing to invest in anything other than Bitcoin.But it can be quite challnging to explain digital currency to those who are completely unfemiliar with Bitcoin or the intricacies of digital currency.

Actually Bitcoin is going up in price more than gold, I often look at its price chart to see if you just take the example of the last one year, how Bitcoin was down. If some people have invested in it, take it as an example, A man but bitcoin when it was at 20k dollars, but its price is above 40k now, which means that it has almost doubled. If so, we would invest more in Bitcoin than now we have too much benefit , on the other hand gold which is growing at a very slow rate, if you compare it to Bitcoin. If you agree, the bitcoin can make a person poorest can also make him richest

Controversy, volatility, and potential between gold and bitcoin as asset of value have spawned. Gold is sought as a trusted store of value in times of economic uncertainty. But the price of gold in the market also goes up and down. other hand, Bitcoin has emerged as a digital currency of technological innovation and global accessibility. Trading between gold and bitcoin ultimately depends on a person's risk tolerance, investment objectives.

   
   Gold and Bitcoin gives various effects and commitment . Bitcoin is more likely to change in a very sudden or extreme way in investment which can give fast and high potential for high return because it rise rapidly in value ,also different in a way that is very obvious, highly liquid in asset. In trading crypto its not just being discussed to government regulation,  making it more capable of bending.

   Bitcoin is always compared to Gold because of its belongings to the basic nature properties which allows it a strong store value mainly its scarcity.  Bitcoin is absolutely finite. While Gold is infinite, its a bit stable but has limited growth potential .

Exactly! To me, HODLing Gold feels like some wild in-stock of malleable metals.., with a very high volatility but has a low proportion of increase in value overtime... I dunno how the market is controlled but since it doesn't have any Blockchains -- sort of -- then it's definitely not decentralized.

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Bitcoin remains a currency -- it doesn't need anymore validations to do so... I'd say that this whole decentralization is the bedrock of every annual success for Bitcoin HODLers..

Sandra 🧑‍🦰

I always prefer bitcoin because bitcoin is more profitable coin then gold and if any one invests it can make the investor rich in one year but gold the price of the gold gradually increases,
I know bitcoin is a risky, but if the person who is invested properly and waited for it with patience it can turn a person from poor to rich in a few years.

I choose both gold and Bitcoin.
Gold is an investment asset and I can also use Bitcoin as a long-term investment asset even though Bitcoin is a currency that can be used like physical currency to make payments.
So far, gold can only be used as an investment asset, but it is very rare to use it like currency to pay for something and gold is no longer called currency.

Bitcoin has risks because its price can change at any time, but Bitcoin has been proven to be a better hedge than gold.
Gold prices have increased, but slowly.
Gold and Bitcoin are always a long discussion and discussion, but if you do research on who is the best as a hedge, Bitcoin is better.

The price of gold is very volatile just like the price of Bitcoin but I would always prefer Bitcoin gold since Bitcoin can be hold for as long as we like and the price is not as manipulative like the price of gold. The government are the one that is controlling the price of Gold and it is different from the way Bitcoin operates. Since the launch of Bitcoin, the price had been moving gradually from zero to the current price it is now. I see more opportunities in Bitcoin compared to hold.

Gold was introduced in the past but nowadays Bitcoin is the most popular because Bitcoin has the most benefits. But comparatively if you buy gold you will get limited benefit, from which you are likely to lose very easily. But Bitcoin is one of the coins where there is a very low chance of loss as the price of Bitcoin is constantly increasing. And Bitcoin is becoming more and more attractive as a simple solution where investors can reap the benefits.

Bitcoin is better but certainly more risky than gold. However, both gold and bitcoin are safe for long term investments. So I think there’s no need for us to choose but to invest in both for our retirement. Although it’s clear that bitcoin profits are bigger than gold, but if you have stored tons of gold, you will also make it big in the long run. Both are actually profitable in the long run, we just have to manage their risks individually.

If there is something that is easier to manage and has faster annual returns, which one will you choose? Surely you will choose the one that is easier and faster.
Something that is not necessarily real is like storing tons of gold, so it is better to think of something that is more real and within reach.

Gold is good as an investment asset because it is able to maintain value, Bitcoin is also good as an investment asset that is able to maintain value. Because Bitcoin is easier, putting Bitcoin second is not an option in my opinion. Regarding risks, everyone has risks.
Choosing both and trying to balance between BTC and gold is necessary for the future. Want to be fast, of course BTC is a priority.

Gold is an old trend investment while bitcoin is currently the digital investment of the new millennium. A lot might still stuck with gold but majority of the investors these days prefer to take risk with bitcoin than gold. Although it's certainly more risky than gold or with any other physical investments, but the profits are definitely life changing that made it highly irresistible for many.

In fact, the main reason why people don't like digital currency as much as it is invisible compared to gold, which is visible, people quickly become familiar with it. The only advantage of gold is that it gives you a profit because of stable, but people consider bitcoin as a digital currency because they think that is not stable.

They fear we're being cheated because if you look at the previous chart of bitcoin how it's fall down from more than 62k to approximately 16k.

When you take Bitcoin as an alternative in your investment, you will definitely feel the real side of decentralized currency when the actual time begin to manifest in the market which is the reason why many investors prefer to keep their money on Bitcoin than gold. Gold is older than Bitcoin, but there are still some gold investors that still believe that gold is the best asset to store your money for long period of time but if such investors can take a good step to use little capital to start Bitcoin, he or she will know the reason why many investors are rushing to invest their capital in Bitcoin whenever there is a bearish market. Bitcoin will increase your wealth when you market your Bitcoin in the right time and it will give you the confidence to increase your capital base on what you have achieve.

 I think they're both good commodities for investment but let's consider the risk factor in both, comparing that I think Gold would be considered the best cause it doesn't depreciate but appreciates over time however due to the volatility of Bitcoin is could drop in price an the money you invested could be liquidated, so it shows that Bitcoin is a more riskier investment and most people who understand this would rather invest their Fiat in Gold.
 However there's no harm in investing in Bitcoin currently due to the current bull run, those that invest when it as at the bear market are making a lot of profits from it and would even benefit more in the upcoming halving when BTC attains an ATH  (All Time High) but it would also be wise to take the profits gotten from BTC and invest in Gold due to Bitcoin's volatility.
 There's a possibility that after the halving the price could drop massively and those who still left their assets would lose all they've acquired and would have to wait for the next halving to gain again, which could take another four years. But like I mentioned earlier it would be wise to take profits gotten from this current Bull run to invest in Gold since the price is stable and prepare to purchase more BTC when the price goes low again.

If you think about profit then surely Bitcoin is ahead but if you think about safety then gold.  Because the inflection of Bitcoin is very high, it carries a lot of risk if one wants to invest in Bitcoin for a short period of time.  But this is not the case with Gold. Because the price of gold increases slowly but its price is rarely seen to decrease.  So which one you choose depends on your risk management.  Better to invest in Bitcoin if you can accept high risk.  But if you don't have the ability to take risk, then gold will better for you

Gold, once revered as the pinnacle of wealth, now finds itself amidst a shifting landscape shaped by human innovation. In this age of digitization and the ascendancy of nomadic entrepreneurship, its allure as a store of value wanes in the eyes of the modern generation.

Why need to compare this two? While we have an option to grab both assets. We just need to prepare a lot of money since for sure everything will be fine on our side especially that this two have great potential to bring some good profit and fortune to those people who believe in it.

Some maybe choose gold over bitcoin or reverse to that since they think its more easier for them to spend their money to it. But they fail to realize that nothing else would ever happen if they are to relax. Much better if people could find a opportunity on how they can earn by help of both asset for sure that their life will  change and they will lead into more better future.

What we now have as the present time digital gold is Bitcoin and not any other forms of physical resources since that's the gold rush for the present financial economy the world is considering at the moment, we have a very high ability of making profits in bitcoin with lesser risk unlike the way other real gold investment is, there are many other opportunities that Bitcoin provides that are quite different and better to that which the mining of gold present to the people at large, an average person cannot afford gold investment while both the poor and rich can invest on bitcoin.

Looking at the current price of Bitcoin, I don't think a anyone would want to go for gold since currently, gold is less than Bitcoin. Bitcoin has bigger rewards when it comes to competitive comparison with gold. We all know that the price of gold is easily manipulated by the government which means there is no need for us to depend on gold. When the government comes in, things are easily manipulated and we don't have to put all our investment in it. Bitcoin is more preferable to any asset currently since Bitcoin has been moving very well and we hold to make money from the price of Bitcoin which also influences altcoins too.

There is nothing you'll come compared a gold with a Bitcoin because a bitcoin is a new version of a digital currency why a gold is an old version of a digital currency so therefore gold is not longer tradeable as Bitcoin is today, but it can be trade as usual, so therefore I want us to understand that gold is out of the market why Bitcoin has taken over a gold since the existence of Bitcoin or introduction of Bitcoin, nobody is ready to invest in gold why bitcoin investment is given a multiplication of profit in which good will give per annual that is why many people queue up in bitcoin

Sometimes you also need to reason about the people who believed on bitcoin and Gold since there are less population of people who believed on Bitcoin, let say if bitcoin gain the attention that was given to gold believe till today bitcoin could have worth about $5m per bitcoin so, I still believe Gold is till popular. Bitcoin also has started gaining traction and are eager to venture into it but fear of uncertainty and what could happened to bitcoin since the originator is not showing himself and is no place to be fined. This makes people to give less attention to bitcoin and I know its the young generation that is giving and make bitcoin more popular but for the old who doesn't believe in bitcoin the focused their efforts on either real estate or stock market.

It depends on who you are and what you like. I prefer Bitcoin over Gold. I am not saying that Gold is a bad investment. In fact, I have Gold as well. But it's not for storing my money for the long term. I saw how people started saving money in the bank. But they were never able to beat inflation. Gold may help you fight inflation in the long term. But Bitcoin is a better investment.

Let's talk about me. I have some gold whose prices have increased by 3% or 5% in the last couple of years. Or maybe a little more. I don't think I am in profit with that. But, considering my average buying price is around 33K right now, I am making a good profit with Bitcoin at this moment, and I am not planning to sell it anytime soon.

From the chart you shown as I go through the links also have overview of the yearly high of Gold, the margins between Bitcoin can't be compared in any way, Bitcoin is far better.

Though Bitcoin stand to be the best but investing on gold is not bad as it may be a matter of choice.

But I see Bitcoin as investment that gives better profit that the gold if you invested during the Bear and hold long time and sell during the bull the profit can't be compare with gold

I don't want an argument about profit between Bitcoin and gold, but remember, gold is safe in some situations like war, calamity... Everything have cons and pros

If you are not for the volatility, gold should be your choice. But if you are up with volatility and you like more the Bitcoin market and its instability in terms of value, you'd even like it more as the year passes by.

You'll see the gains difference are totally way far from each other. As the stability of gold is there and it has become the global reserve standard of most countries, you'll not have problem with its liquidity but tangible wise, Bitcoin is easier to keep. You don't need a safe for you to keep it and no one will know that you're holding Bitcoin.

Well, as for investing we always say about to each their own. We are in a Bitcoin forum and majority of the investors here are Bitcoin holders. But if you're holding gold and you want to invest to Bitcoin too, no one's going to stop you with that.

Gold can work as a good store of value in countries with high inflation (almost all countries in the world in the last couple of years...) and lacks the volatility of Bitcoin.

If we go for the potential profit, then some connoisseurs say that silver might be a good investment, but not gold. What is a fact is that, in retrospective, Peter Schiff wasn't right. Let's hope the same for the future.

If we are just going to compare graphs we can clearly see how Bitcoin is going to overpower Gold when it comes to its value whatsoever, I mean to be fair Bitcoin is still a risky investment and has a volatile market price that we don't really see on Gold, there are some movement on Gold for sure but it wasn't as volatile compared to Cryptocurrency and Bitcoin. Most of us for sure is going to prefer Bitcoin since we already have knowledge about Bitcoin, we know its capability and what it can do, Most of the oldies probably are going to prefer Gold as an investment, I'm just saying that most of them don't have any idea on Bitcoin and that means that they will stick to the investments that they know already has a proof-like investing in Gold evidently increase its market price through out the year.

For me, the main problem with Gold is its supply we surely know Gold is in demand in a lot of industries but we just don't know its supply because we still do not know how much Gold is out there, even though it is very difficult to get it takes so much time and energy to harvest this Gold, maybe there are a lot of tons of Gold out there that maybe could overpower the demand.

Different story on Bitcoin because it has a fixed supply of 21 Million not to mention that the mining process is slowing down every year, we know exactly how many Bitcoins are going to exist. Bitcoin was surely designed with similarities to gold, It is being mined as well, has a low supply, etc. which is probably why a lot of people are calling it digital gold.

I would still invest in both assets but probably not going to be a lot when it comes to Gold, but its great to have multiple investments to be safe, because Bitcoin could drop its market price at any moment gold is on the safer side. You could just never go wrong with diversifying your funds.

You're actually talking about trust ? I guess you're referring to cryptocurrency not bitcoin cause people who invested on some random coin never had the chance to make profit but bitcoin investment works different. Well, this is your choice but it would have been more better if you made your choice without mentioning bitcoin when you have no idea about the price volatility. I guess comparing a stable price with fluctuating price, people will have to choose a stable price. The reason why people choose bitcoin as an investment choice is the volatility nature of bitcoin and besides you need to understand how the market works before investing so I will not blame anyone who keep talking about price fluctuation.

We do need trust or belief in what we invest in. The asset can be Bitcoin, altcoin or gold but we need to trust that asset before spending money. If our trust or belief comes from due diligent research and knowledge, we are intelligent investors. If trust or belief comes from words of mouth without research and knowledge, we are not intelligent investors.

Altcoins can help us to get profit but the risk with altcoins is we hardly to secure profit. They mostly have short lifespans, not like Bitcoin and they mostly fail to recover after one bear market.

IMO proper research and followup should come before trust trust in this way is  somehow  in correspondence  to patience .
For trust to be shown then you must be patient with what  you are holding.
Coming to Altcoins, they are quite attractive  but sometimes might be  a trap but how do you know   ??? this why I don't trust altcoins