Title: Bitcoin or Gold Post by: petermaier2024 on June 25, 2024, 05:51:04 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D
Title: Re: Bitcoin or Gold Post by: Hamza2424 on June 25, 2024, 06:01:50 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D What ? Buying BTC 20 years ago like really, I wasn't aware of the 20th anniversary of Bitcoin, as far as I know in my newbie knowledge base Bitcoin first traded in Jan 2009. Correct me if I'm wrong anyway buddy be sure before taking any decision as Gold is stable you've said it yourself, Bitcoin is a risky investment market asset, and it is highly volatile, as you cant be sure as you are buying on right time or not so if you want to make some investment never go for all in once, adopt DCA in order to manage risk while accumulating, ahh I won't bore you with DCA and hybrid strategies description people discussed it tons of times you can find those topics I will add in the edit of this post if possible. Note: Do not take any action, on someone's advice or in greed take your time and study both first in basics then start making up your mind. I'm a Bitcoin fan but it's your valuable asset don't just waste/risk it on someone's recommendation. Because profit and loss are all yours. Edit: Some of my topics might help you, I won't say read my posts just have the overview of the discussion of the thread you'll get the different views of people. Things to keep in mind before accumulation of Bitcoin (https://bitcointalk.org/index.php?topic=5413303.msg60927021#msg60927021) Can BTC be a revolution for underdeveloped countries'/ as Inflation Solution? (https://bitcointalk.org/index.php?topic=5414713.msg60998795#msg60998795) Things you should know in basics of Bitcoin network - Beginner's Guide V1 (https://bitcointalk.org/index.php?topic=5427105.msg61413638#msg61413638) CEXs vs DEXs & Spot vs Future - Tips and Suggestions (V2) (https://bitcointalk.org/index.php?topic=5447152.msg62015622#msg62015622) Other Author I know: "Lump sum Vs DCA" for Bitcoin Accumulation (https://bitcointalk.org/index.php?topic=5470916.msg63020867#msg63020867) DCA method (https://bitcointalk.org/index.php?topic=5469800.0) Recommended to read other user's views as OP hasn't described enough. Title: Re: Bitcoin or Gold Post by: _act_ on June 25, 2024, 06:12:10 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Bitcoin is having high market cap now. Do not expect the price to continue to rise at it increased in the past. But it can still be an asset that its value can be increasing just like gold. I prefer bitcoin because I am more secure with it because I can protect my coins than something physical like gold. Title: Re: Bitcoin or Gold Post by: Knight Hider on June 25, 2024, 06:14:06 PM Ask this question on a bitcoin forum, people tell you to buy Bitcoin.
Ask this question on a gold forum, people tell you to buy gold. Title: Re: Bitcoin or Gold Post by: Lakai01 on June 25, 2024, 06:15:50 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Bitcoin is having high market cap now. Do not expect the price to continue to rise at it increased in the past. But it can still be an asset that its value can be increasing just like gold. I prefer bitcoin because I am more secure with it because I can protect my coins than something physical like gold. The mnemonic code/private key is probably even more difficult to protect, as a software or hardware vulnerability (e.g. in Ledger's code) would also enable an attack via the Internet. This is of course not the case with gold, where an attacker would actually need physical access to the safe deposit box, the vault or the mattress under which the gold is stored. Title: Re: Bitcoin or Gold Post by: _act_ on June 25, 2024, 06:21:55 PM To be honest, I don't see it that way. I put the same effort into protecting my private key/mnemonic code as I do for my physical gold. I think you have to, because both mean immense financial damage in the event of unauthorized access. Gold will give me stress. Or I can save it in places that will charge me money as service fee. Bitcoin is the opposite. I can easily create 2 of 3 multisig wallet, or go for a hardware wallet that is airgapped or airgapped wallet like Electrum cold storage and use passphrase with it. This is far more easier than protecting gold. I can have bitcoin without going out of my home and no one will know I have it. The mnemonic code/private key is probably even more difficult to protect, NoIf I have huge amount of bitcoin, I will get a airgapped hardware wallet, get a software wallet and create 2 of 2 multisig. This is far easier than protecting gold. Or get 2 airgapped hardware wallets and 1 software wallet to create 2 of 3 multisig. Title: Re: Bitcoin or Gold Post by: MinoRaiola on June 25, 2024, 06:36:33 PM Ask this question on a bitcoin forum, people tell you to buy Bitcoin. Thats a good and you will be right. Ask this question on a gold forum, people tell you to buy gold. But of course I would also say bitcoin, but a little gold you can also have, so I would also buy a little gold. But the majority in bitcoin, of course. And digital gold will continue to develop from year to year and more and more people will get to know bitcoin and buy it. If you look at the last 10 years, that is exactly whats happened and it is that what happen in the next few years. So in the long term you should own bitcoin if you ask me, but Im also on a bitcoin forum and I like bitcoin. But you can also buy cars and sell them in 10 years and speculate with them, but bitcoin is cheaper over the years, so bitcoin will be the easiest way and the best way. Title: Re: Bitcoin or Gold Post by: petermaier2024 on June 25, 2024, 06:40:59 PM yes, but some experts, also the Rich dad poor dad author meaning it will reach the million dollar mark. What do you think guys?
Title: Re: Bitcoin or Gold Post by: Doan9269 on June 25, 2024, 06:48:02 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years. You first have to understand the difference in making an investment in gold and that of having it on bitcoin, then you could place priority on which one you want as you best see its relevance, but let me put you through in some little way i understand for their difference. 1. Gold dis a physical asset while bitcoin a digital asset of investment 2. Bitcoin is volatile and gold is fixed 3. Gold is centralized while bitcoin is decentralized 4. bitcoin is more profitable than gold if invested on both 5. Gold has no fixed supply while bitcoin have a fixed supply Its now over to you in choosing which you want. Title: Re: Bitcoin or Gold Post by: ajiz138 on June 25, 2024, 06:53:31 PM If you don't want any risk then choose gold, if you want to have a high chance choose bitcoin quite simply.
Bitcoin did not exist 20 years earlier, bitcoin has only been here for 14 years. You can do your own research which one you need, of course if you ask here everyone will say bitcoin including me, because some of the assets I have are in bitcoin, gold is just jewelry worn by my wife. Title: Re: Bitcoin or Gold Post by: m2017 on June 25, 2024, 07:04:22 PM But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D What kind of crazy development of bitcoin can you talk about if you don’t even know when it arose / appeared? :)Gold is more stable I know. Stable in what? The fact is that the value of this almost does not change, and sometimes even depreciates.It seems your awareness is insufficient here too. :) Guys I dont know what to do, should I invest in Gold or Bitcoin. First, start investing in knowledge. :)Title: Re: Bitcoin or Gold Post by: _BlackStar on June 25, 2024, 07:51:01 PM yes, but some experts, also the Rich dad poor dad author meaning it will reach the million dollar mark. What do you think guys? Imagine how much money would have to flow into the market for bitcoin to reach $1M - surely that's not a small amount, right?Of course, you can be that optimistic if you have already bought or have bitcoin in your wallet - so your job is just to secure your wallet and wait for the estimated price. It will take you a long time to get bitcoin worth $1M per coin - it's never as simple as you imagine. Personally I don't believe bitcoin will be worth $1M per coin yet - that's too high to be true in the next few years. Title: Re: Bitcoin or Gold Post by: mk4 on June 25, 2024, 08:20:41 PM You're asking "bitcoin or gold", on Bitcointalk — a Bitcoin-centric community forum. The question makes as much sense as asking "Donald Trump or Joe Biden?" on a pro-Trump/MAGA Facebook group. What answer are you really expecting to get?
Title: Re: Bitcoin or Gold Post by: Abu-Naim on June 25, 2024, 09:31:13 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Are you willing to go with people advice? If yes then make sure you also use your own justification together with people’s opinions to make the right choice because both of them are important.I know that hold is an old investment item that many people believe in and it’s paying very well, most of the real gold investors are making it big. But getting into it newly, you need to be cautious because there are fake golds everywhere and if you are not into it, you will never know. While Bitcoin investment is also risky since it is not physical investment, but if you follow the right measure and approach, you will find it easy because it is less stressful and you will not use any physical storage space that will attract theft and you also don’t need a third party to sell whenever you need money. Invest wisely; there are fake golds, but nothing like fake Bitcoin. Title: Re: Bitcoin or Gold Post by: lalabotax on June 25, 2024, 09:43:05 PM ..... imagine if you have bought it before 20 years... ;D Honestly, I really can't imagine that, because Bitcoin is not yet 20 years old.Guys I dont know what to do, should I invest in Gold or Bitcoin Even if you ask in this forum, I will answer simply like this:If you have more money, why not both? buy gold and also buy Bitcoin. So you can gain benefits from both and this can be one way of diversifying investment, right? Yes, it's like optimizing the benefits of both, and so you don't regret choosing only one. And of course, so you don't get confused anymore, guys. Title: Re: Bitcoin or Gold Post by: Stalker22 on June 25, 2024, 10:10:12 PM yes, but some experts, also the Rich dad poor dad author meaning it will reach the million dollar mark. What do you think guys? Imagine how much money would have to flow into the market for bitcoin to reach $1M - surely that's not a small amount, right?Well, not necessarily. I mean, yeah it would probably take a ton of cash, but think about it like this - there is only a few slices of pizza left in the box. If someones super hungry and wants a slice, they would totally pay more, right? Even if the first few pieces went for dirt cheap, the price skyrockets for those last few precious slices. Bitcoins got a limited supply too, so same idea. More peeps trying to buy in, particularly the high rollers could make the price explode. Title: Re: Bitcoin or Gold Post by: Mr.right85 on June 25, 2024, 10:28:46 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Your asking the right question in the wrong place my friend. I don’t see how you would be in a Bitcoinforum and be expecting that anyone advice you against taking Bitcoin investment for a Gold alternative. It’s what you wouldn’t get so, you might as well take that to social media to get diverse ideas from various persons whom might not be Bitcoin enthusiasts like the rest of us on here.Personally, I’ve not had the thought of taking gold for an investment since i discovered Bitcoin and the potentials it’s got. Gold has got time on it but, the technology behind Bitcoin speaks of a futuristic currency, more than I can say for gold. Let’s not forget it’s history and how it’s been able to surpass all odds to make a point. Title: Re: Bitcoin or Gold Post by: Nothingtodo on June 25, 2024, 10:31:33 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Both are good investments but investing in gold is definitely less risky than Bitcoin. If both are considered 20 years from today then it can be said with guarantee that profit will come from gold but no one can guarantee that profit will come from Bitcoin. But if someone wants to invest in bitcoin with risk then he can but that investment should be long term.Title: Re: Bitcoin or Gold Post by: logfiles on June 25, 2024, 10:57:46 PM The Bitcoin vs Gold debate is more like the Ronaldo vs Messi one. It has enthusiastic fanatics on both sides, so at the end of the day, you just follow your gut.
If you are purely into investment and look at the price growth of Bitcoin from its inception vs Gold in the same period. It's quite clear the Bitcoin beats Gold. You can look up the charts on TradingView I would like you to also watch this 12-minute short video on Twitter. It gives you an insight on how money has evolved and on why Bitcoin might still have a brighter future lying ahead - https://x.com/goyimgrant/status/1703568465758441934 Title: Re: Bitcoin or Gold Post by: Assface16678 on June 25, 2024, 11:41:32 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D I think both will be a good investment. As youve said, gold is much more stable, which means there is a little volatility or movement in the market, and that is the beauty of bitcoin. As it is volatile, you can see many different opportunities to enter the market. If you know how to navigate and take advantage of that volatility, then you are good. You could earn a lot in bitcoin, and of course bitcoin is subject to long-term holdings. So if you just want to chill and want your money to grow even if you are not doing anything, just letting it sit there, then holding is a good choice. Instead of letting your money in savings in the banks with a low interest rate, why not just put some in bitcoin? You will see how good it is. But of course, it's not that easy to do. I mean, you should, of course, know how to invest in bitcoin and know the fundamentals and basics so that you can see a good entry in the market for a long time.Title: Re: Bitcoin or Gold Post by: AmoreJaz on June 25, 2024, 11:54:32 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Your asking the right question in the wrong place my friend. I don’t see how you would be in a Bitcoinforum and be expecting that anyone advice you against taking Bitcoin investment for a Gold alternative. It’s what you wouldn’t get so, you might as well take that to social media to get diverse ideas from various persons whom might not be Bitcoin enthusiasts like the rest of us on here.Personally, I’ve not had the thought of taking gold for an investment since i discovered Bitcoin and the potentials it’s got. Gold has got time on it but, the technology behind Bitcoin speaks of a futuristic currency, more than I can say for gold. Let’s not forget it’s history and how it’s been able to surpass all odds to make a point. As it is a fact that a lot of users here will surely advise to get a hold of bitcoin, better weigh your options here. It depends on your financial capability as both assets have pros and cons. Now, if you are serious in considering which one would suit you best, better laid out your options here. If you have more than enough, it is best to explore your opportunities in both assets. Do remember about the popular saying on investments - "Don't put all your eggs in one basket." Title: Re: Bitcoin or Gold Post by: C10H15N on June 26, 2024, 12:05:24 AM ...should I invest in Gold or Bitcoin... I'm personally very happy with my investment in both. Your situation is, of course, unique to you. Title: Re: Bitcoin or Gold Post by: OcTradism on June 26, 2024, 01:00:28 AM As it is a fact that a lot of users here will surely advise to get a hold of bitcoin, better weigh your options here. It depends on your financial capability as both assets have pros and cons. Now, if you are serious in considering which one would suit you best, better laid out your options here. If you have more than enough, it is best to explore your opportunities in both assets. Do remember about the popular saying on investments - "Don't put all your eggs in one basket." Both gold and Bitcoin can help investors to get good ROIs in long term but Bitcoin since 2009 has better ROI than gold.It's hard to say what is better because better has to be decided from perspectives of the old and the young investors. They have different views about the society, economy and has different available time budget ahead for their investment and financial freedom. With the elderly, they have to reduce risk and find things that has smallest risk because with them, they have no longer more time to live, to correct mistakes in investment. Why Bitcoin, why not? (https://casebitcoin.com/) Title: Re: Bitcoin or Gold Post by: Smack That Ace on June 26, 2024, 05:25:19 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Your asking the right question in the wrong place my friend. I don’t see how you would be in a Bitcoinforum and be expecting that anyone advice you against taking Bitcoin investment for a Gold alternative. It’s what you wouldn’t get so, you might as well take that to social media to get diverse ideas from various persons whom might not be Bitcoin enthusiasts like the rest of us on here.Personally, I’ve not had the thought of taking gold for an investment since i discovered Bitcoin and the potentials it’s got. Gold has got time on it but, the technology behind Bitcoin speaks of a futuristic currency, more than I can say for gold. Let’s not forget it’s history and how it’s been able to surpass all odds to make a point. As it is a fact that a lot of users here will surely advise to get a hold of bitcoin, better weigh your options here. It depends on your financial capability as both assets have pros and cons. Now, if you are serious in considering which one would suit you best, better laid out your options here. If you have more than enough, it is best to explore your opportunities in both assets. Do remember about the popular saying on investments - "Don't put all your eggs in one basket." It would be a lame and unfair comparison to ask questions between bitcoin and gold on a purely bitcoin forum. Indeed, choosing to invest in gold or bitcoin will depend on each person's financial ability. Most people here will choose bitcoin because almost no one is rich and everyone wants to get rich with little capital so it's no surprise that we will choose bitcoin instead of gold. Personally I am also focusing more on bitcoin and I don't own too much gold at this stage but if my financial situation gets better in the future. Diversifying into gold is something I would definitely do because putting all my eggs in one basket is too risky even if it is bitcoin or gold. Title: Re: Bitcoin or Gold Post by: uswa56 on June 26, 2024, 05:34:32 AM As it is a fact that a lot of users here will surely advise to get a hold of bitcoin, better weigh your options here. It depends on your financial capability as both assets have pros and cons. Now, if you are serious in considering which one would suit you best, better laid out your options here. If you have more than enough, it is best to explore your opportunities in both assets. Do remember about the popular saying on investments - "Don't put all your eggs in one basket." When deciding to invest, of course we have to be able to consider our financial capabilities because if we can only afford to invest in one field, of course it would be better for us to only invest in one field so that we can carry out the investment we are carrying out well because if we force ourselves to carry out two types of investments and we are not able to carry them out well, of course this will cause us to suffer losses on the investments we make. Of course this is not someone's goal in running an investment.You are right, it would be better for us to consider the type of investment we are carrying out because when we have a good understanding of the type of investment we are going to carry out, of course we will be able to get profitable results from that investment and this is the goal of everyone who invests. This saying is very true, but to be able to run several types of investment well, it would be better, we must first understand these two types of investment well so that we can run them well and generate profits. Title: Re: Bitcoin or Gold Post by: Maus0728 on June 26, 2024, 06:17:16 AM People are still talking whether which one is the best one to invest into? I feel like this old age question should've been answered a long time ago already, I feel like there's no other answer to this besides bitcoin, most of the time, the people that try and justify gold in this question is the fact that they're speaking about the caveats that don't really matter in the long run if you compare the growth of bitcoin in 10 years to the growth of gold in 10 years, it's not even that close.
Title: Re: Bitcoin or Gold Post by: OgNasty on June 26, 2024, 07:18:48 AM Bitcoin and gold serve two different functions in my opinion. I think it is always a good idea to be diversified so if possible you should own both Bitcoin and gold. If investing in gold I would stay away from paying fees for digital gold and instead make sure you can access it in a time of need. Also make sure to properly backup your BTC.
Title: Re: Bitcoin or Gold Post by: Frankolala on June 26, 2024, 07:20:05 AM I will prefer to invest in bitcoin first and after I have accumulated enough Bitcoin, I will diversify into gold. Both of them are worth investing in for the future. However, it depend on how much you are willing to invest in them. Bitcoin with little amount can be invested in and if you hodli for long, you will have good profit.
Gold has been there for ages and has been confirmed as safe haven which is good to invest in. Gold is something that you cannot hide from anyone and people will know how much your gold investment worth keeping it in their custody. Bitcoin does not shout but it will be in your wallet and if you don't tell them you own $1m worth of bi2nobody will know. Bitcoin gives privacy so I like it. Title: Re: Bitcoin or Gold Post by: cryptocoupons on June 26, 2024, 07:38:26 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D bitcoin every day of the week Title: Re: Bitcoin or Gold Post by: MeGold666 on June 26, 2024, 07:47:29 AM bitcoin development is crazyy ....What development ? :D Asking this question here is stupid, you can as well ask the same question on Gold forum.... and get 100% opposite answers. Remember that most of the people here are not smart investors, they bought Bitcoin because they have seen "number goes up" and "there will only be 21m" meme. Title: Re: Bitcoin or Gold Post by: fat buddah on June 26, 2024, 07:52:09 AM I can't tell you what to do. But I already chose Bitcoin, I've been investing in it for a few years and I will keep doing that. And I don't have any Gold.
Title: Re: Bitcoin or Gold Post by: Floxynice on June 26, 2024, 07:59:29 AM Both are good forms of investment, your choice of investment should be based on your individual preference and most importantly your risk tolerance level. As for me, I would prefer to invest in something I can have total control over and still sell at ease if I want to. Bitcoin gives me what I want and not gold. OP, you should know what you want and go for it.
Title: Re: Bitcoin or Gold Post by: fuguebtc on June 26, 2024, 08:25:25 AM If I remember correctly, there are dozens of similar topics on the forum and if you look hard enough , you will see that most will choose and give advice to choose bitcoin because we are in the bitcoin forum and we are all bitcoin investors .
Gold is a safe and very good asset but when it comes to investments, most people only think about profits and with bitcoin being a more profitable investment there is no reason for people to choose gold without choosing bitcoin . So , I will also choose bitcoin , but if you have a lot of money and want to minimize risk , diversification is necessary and you should not put all your eggs in one basket . Title: Re: Bitcoin or Gold Post by: mehmetosman89 on June 26, 2024, 08:39:34 AM ...should I invest in Gold or Bitcoin... I'm personally very happy with my investment in both. Your situation is, of course, unique to you. Title: Re: Bitcoin or Gold Post by: michellee on June 26, 2024, 10:17:12 AM Bitcoin and gold are different and can not be compared. But Bitcoin and gold can be your best investment. Gold has been known from a long time ago and many people choose Gold. But Bitcoin can be their next investment.
Bitcoin and gold have each benefits and offers the big profit for its user. You can invest in Gold and Bitcoin at the same time which can brings you more profit. The development Bitcoin is crazy and will becomes more popular in the future. People who already invested in Bitcoin from a long time ago takes the benefits and they already gets the profits. But people who wants to start to invest in Bitcoin can do now. The best thing from Bitcoin investment is people can use small money and buy Bitcoin using DCA. That helps them to accumulate more and more satoshi. Title: Re: Bitcoin or Gold Post by: lovesmayfamilis on June 26, 2024, 10:46:26 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Judging by your first answer on this forum, you have the finances to open a supermarket in Spain (just what I see), which means your investment involves a significant amount. Why not then diversify your investments into both assets that concern you today? The same money i could invest into active business, like a supermarket in a sunny country like spain and the rendite will be maybe much higher, its a headache topic. What do you think, and what do you think about investing in Gold instead of Bitcoin? Title: Re: Bitcoin or Gold Post by: BABY SHOES on June 26, 2024, 11:41:55 AM Make it to diversify towards gold and bitcoin investments it will be much better than you do one asset - you are in gold then the profit will be long you will have a stable value, your investment is in bitcoin then the profit will be faster unlike gold but are you still worried about bitcoin?
You can choose both or neither ... But I make sure I myself choose bitcoin over gold, I see in some other threads the ROI comparison of gold and Bitcoin is very far so bitcoin is better in my version. But some parents who don't know bitcoin they will tend to choose gold or make deposits in the bank, this is not a good step when involving banks. Title: Re: Bitcoin or Gold Post by: MAKInsaf on June 26, 2024, 12:03:02 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Investing in gold is also much better than the way gold prices are going up now if bitcoins can be invested right holding bitcoins is much better both ways. But if you buy gold, you will not be financially harmed, but if you consider that you will not profit very quickly, if you buy bitcoin and invest for a long time, you can definitely get a high profit from that bitcoin. I personally would be more interested in investing in bitcoin than buying gold because if we can do bitcoin at the right time I can definitely change my fortune by investing in bitcoin but not overnight. There are many bitcoin investors who have changed their fortunes through bitcoins but we need to be patient and have a long term plan in bitcoin investment if we can invest with patience and check the market with long term plan then surely we can achieve a lot of success with bitcoin investment.Title: Re: Bitcoin or Gold Post by: Pandji02 on June 26, 2024, 12:50:43 PM Always bitcoin. Bitcoin is best one the investment in future. So if need need more profit. Bitcoin is best option for investment. It any time changing the price. But it help to for future growth and any time to use this coins. God is good investment but not help for any time. Well, it's actually not the worst idea to invest in both, especially if you're in doubt. You need to try it on yourself. Title: Re: Bitcoin or Gold Post by: Faisal2202 on June 26, 2024, 01:58:33 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D I suggest doing your own research, which you might already have but you are just experiencing that fear of taking the first step. This is natural so don't hesitate if it's your first BTC investment do it. If you fear losing it all then do diversification. In which you invest some amount in one asset and some amount in another. This way if one goes wrong expectations then the other will give you back up. Overall both are good investments. I consider BTC the digital type of Gold. Because just like physical gold this BTC is also not backed by any other type of asset or currency.But definitely there are some big differences between these two but If I would be at your place, I would consider to buy BTC according to my condition as buying Gold is a bit hard due to taxes, enibiroment where I am living, expenses of transporting them etc. etc. While buying BTC is way easier that my parents (living in the same house) won't even come to know that if I have bought BTC. Title: Re: Bitcoin or Gold Post by: petermaier2024 on June 26, 2024, 02:07:48 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D I suggest doing your own research, which you might already have but you are just experiencing that fear of taking the first step. This is natural so don't hesitate if it's your first BTC investment do it. If you fear losing it all then do diversification. In which you invest some amount in one asset and some amount in another. This way if one goes wrong expectations then the other will give you back up. Overall both are good investments. I consider BTC the digital type of Gold. Because just like physical gold this BTC is also not backed by any other type of asset or currency.But definitely there are some big differences between these two but If I would be at your place, I would consider to buy BTC according to my condition as buying Gold is a bit hard due to taxes, enibiroment where I am living, expenses of transporting them etc. etc. While buying BTC is way easier that my parents (living in the same house) won't even come to know that if I have bought BTC. thank you for the important reply, in some countries in Europe you can buy Gold easily anonyme until 12k USD Peter https://schluesseldienst-nickel.de (https://schluesseldienst-nickel.de) Title: Re: Bitcoin or Gold Post by: hardworkinfamilyman on June 26, 2024, 03:21:44 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Both! They Both hold great store of value. Title: Re: Bitcoin or Gold Post by: Aanuoluwatofunmi on June 26, 2024, 03:45:00 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Both! They Both hold great store of value. But one is still more preferred over the other as of now, which is bitcoin, the present gold we all have to rush on is on bitcoin adoption, not because we are joining the crowd to do this, but we have realized to the fact that bitcoin is the only answer to most of the economy financial challenges and we need it for our own self, this is part of the reasons why you cannot have it being supported by some countries because of its decentralization, if you have bitcoin and gold to choose, many will go for bitcoin because with bitcoin profit, you can still buy gold. Title: Re: Bitcoin or Gold Post by: aylabadia05 on June 26, 2024, 04:45:17 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Do both if you are able to do so with adequate financial support. Why? because gold is a precautionary asset when you need it urgently when cash is not enough to help. While Bitcoin is for the long term.If you already understand Bitcoin's performance in the long term, I think what I said can be a consideration, but don't force yourself if you are not able. Title: Re: Bitcoin or Gold Post by: ChiBitCTy on June 26, 2024, 05:34:51 PM You likely shouldn't be buying either one of them if you don't have a proper investment portfolio already established. Do you? That's the first question I would be asking myself. Next I would say..both. Neither are the same thing. Bitcoin and Gold are two entirely different entities and have different properties and are used for different things. Both have their pros/cons..so I would own both if I could.
Title: Re: Bitcoin or Gold Post by: C10H15N on June 26, 2024, 06:48:27 PM You likely shouldn't be buying either one of them if you don't have a proper investment portfolio already established. Do you? That's the first question I would be asking myself. Next I would say..both. Neither are the same thing. Bitcoin and Gold are two entirely different entities and have different properties and are used for different things. Both have their pros/cons..so I would own both if I could. I would go so far as to say both belong in a proper investment portfolio that also consists of real estate, stocks, and bonds. I'm a firm believer in owning a diverse array of appreciable and income producing assets. Title: Re: Bitcoin or Gold Post by: Z-tight on June 26, 2024, 07:07:54 PM I would go so far as to say both belong in a proper investment portfolio that also consists of real estate, stocks, and bonds. Here is a proper way to diversify assets, instead of buying BTC and altcoins which a lot of people do and think they have diversified their funds. It is always good to buy assets that have diverse risk, gold, bonds and real estate and a bit less risky than BTC, but the BTC can produce returns faster and in larger amounts. However, it is good while investing, that one should balance out the risk, so i support investing in BTC and some of these assets, it would make a great portfolio.I'm a firm believer in owning a diverse array of appreciable and income producing assets. Title: Re: Bitcoin or Gold Post by: Emmanuelex on June 26, 2024, 07:18:23 PM Instead of asking all these questions, why not just invest in both of them?
We know Bitcoin and gold are all really good investments, so if you have enough money to go for both, then you should do it. If you don't have enough money, then you can choose one depending on what you like; if you're a type that likes a volatile market, then Bitcoin is the choice, but if you prefer something a bit more stable, then gold is a way to go. I am not the type to limit myself to one option, I invest in crypto and also invest in other assets. Whatever I feel is worth investing, I definitely go for it, rather than limiting my options. Title: Re: Bitcoin or Gold Post by: Hamza2424 on June 26, 2024, 07:39:29 PM Ask this question on a bitcoin forum, people tell you to buy Bitcoin. Ask this question on a gold forum, people tell you to buy gold. Buddy comparative study is not prohibited or polls or questions or guidance. The forum allows all types of discussions so if you are interested in any of such topics just bring it on, as OP did we are here to guide and discuss. TBH Bitcoin vs Gold is not a new topic here we've discussed it 100's of times and in every discussion, there are some old views and some new views according to the current development timeline. Title: Re: Bitcoin or Gold Post by: Miles2006 on June 26, 2024, 08:56:46 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Make your research and decision willingly, if I should mention bitcoin investment how can you invest without knowing what to do likewise gold. Questions like this is just too common here, if I should choose between gold and bitcoin I will definitely go for bitcoin investment, although gold is more stable compared with bitcoin but still doesn’t change the fact that bitcoin is a growing asset. Storing both assets can be difficult so an investor just have to determine which one is more easier according to their ability.Title: Re: Bitcoin or Gold Post by: red4slash on June 26, 2024, 09:41:52 PM Before discussing this topic I just want to suggest that you spend more time reading some threads in the forum because indeed the discussion about bitcoin or eth, bitcoin or real estate, bitcoin or gold etc. has been very much discussed here and the answer is still not much different from before because it is the same discussion, the answer will definitely remain the same where when investing you have to determine what you think is right and in accordance with the vision you have.
We cannot say that asking for advice is bad, it's just that in this case when investing, it is certain that this must start from your own interest and cannot be interrupted by others because even if it is recommended to be in bitcoin or gold but when we are not interested, this also cannot be used as a good basis for continuing to invest. You have to convince yourself first whether you really want to join bitcoin or gold because both are still one of the very good options for future investment and the only difference is the progress and risks involved. Title: Re: Bitcoin or Gold Post by: Z-tight on June 26, 2024, 09:42:22 PM Storing both assets can be difficult so an investor just have to determine which one is more easier according to their ability. What's difficult about owning gold, as well as BTC. There are surely a lot of people who own the both assets, it is usually lack of funds that make investors choose one or the other. Whenever the BTC or gold argument comes up, the first question a lot of people ask is why one has to choose between them, when you can accumulate the two and diversify your wealth.Title: Re: Bitcoin or Gold Post by: legendbtc on June 27, 2024, 03:05:58 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Both! They Both hold great store of value. But one is still more preferred over the other as of now, which is bitcoin, the present gold we all have to rush on is on bitcoin adoption, not because we are joining the crowd to do this, but we have realized to the fact that bitcoin is the only answer to most of the economy financial challenges and we need it for our own self, this is part of the reasons why you cannot have it being supported by some countries because of its decentralization, if you have bitcoin and gold to choose, many will go for bitcoin because with bitcoin profit, you can still buy gold. It is true that bitcoin is trending and becoming a trending topic everywhere on the internet but I still believe that gold is still more popular if we evaluate the overall demand of the world. For the rich and the older generation, gold is still their preferred choice because it ensures their asset value as well as their safety. Meanwhile, bitcoin will be the choice of young people, those with little capital and want to get rich quickly thanks to the volatility of bitcoin. It can be seen that each asset has its own user group. In addition, in terms of popularity, legality and recognition, bitcoin is still not comparable to gold, so it is difficult to say bitcoin is more preferred than gold at the present time. Title: Re: Bitcoin or Gold Post by: OrangeII on June 27, 2024, 05:29:17 AM Storing both assets can be difficult so an investor just have to determine which one is more easier according to their ability. What's difficult about owning gold, as well as BTC. There are surely a lot of people who own the both assets, it is usually lack of funds that make investors choose one or the other. Whenever the BTC or gold argument comes up, the first question a lot of people ask is why one has to choose between them, when you can accumulate the two and diversify your wealth.Title: Re: Bitcoin or Gold Post by: Bd officer on June 27, 2024, 01:56:51 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Both bitcoin and gold are good for investing. But if viewed as risky, investing in Bitcoin is riskier than gold. If you want to take some risk then you can invest in Bitcoin. But if you can invest in Bitcoin and keep it for a long time then you can definitely profit. There is not so much risk in the case of gold. Investing in Bitcoin can earn you more profit than gold. However, there are many who invest in both Bitcoin and Gold, some invest only in Bitcoin, some invest only in Gold. If you have enough funds you can invest in both gold and bitcoin.Title: Re: Bitcoin or Gold Post by: SatoPrincess on June 27, 2024, 07:39:26 PM Storing both assets can be difficult so an investor just have to determine which one is more easier according to their ability. Storing bitcoin is not difficult and you get to have self custody. All you need is a good bitcoin wallet and a secure storage method for your private keys. You need more complex security to protect your precious metals, most times you may have to rely on a third party service to protect your gold. Guys I dont know what to do, should I invest in Gold or Bitcoin. You don’t ask such question in a Bitcoin forum. It would not be irrational to assume that 90% of forum members are bitcoin hodlers and very of them own gold in large quantities. So the replies you’re going to get here will be one-sided for sure. Title: Re: Bitcoin or Gold Post by: Dr.Bitcoin_Strange on June 27, 2024, 10:10:33 PM Invest in the asset that you have concrete knowledge about; if I were to make a choice for you, I would pick bitcoin over gold. Bitcoin makes it possible for you to hold your asset peacefully in your self-custodial wallet without anybody knowing unless they are being told by you. You can also sell your bitcoin any time you want without anyone knowing. I don't think it's very easy to sell gold in some countries, according to what I read online. In my country, you can easily buy and sell gold, but it's not that easy in some countries. Bitcoin is a great asset to invest in if you can actually hold it for a long time.
Title: Re: Bitcoin or Gold Post by: DiMarxist on June 27, 2024, 10:26:19 PM If you know where not invest in gold then you can split your investment in two places. One for gold and you like to do that and the second is for bitcoin as you also like it. And I think investing in bitcoin is much more easier than Gold because you just login to an exchange or someone you know and buy bitcoin and start the investment journey but Gold I do not know where to get and I have not seen it.
It is better to invest on an asset you have seen and know that is is easy to have. Title: Re: Bitcoin or Gold Post by: passwordnow on June 27, 2024, 10:44:50 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. You posted this on a bitcoin forum and obviously you'll expect what you should buy. We're all going to tell you to buy Bitcoin. 100%. That's all you need to know and even if gold has been stable for years or centuries. What if you buy the digital gold? also known as Bitcoin? If you are for the stability, you can't just ignore that fact for Bitcoin because it's also has been stable since it has been made and introduced to the world.But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D And that's why don't let each month or year passes by that you don't hold it. What will happen in the upcoming years is unknown but as long as you're prepared with all of a sudden move of Bitcoin, you have got it. And you'll not miss that opportunity when it comes and that's why you need not to think about it, just buy BTC.Title: Re: Bitcoin or Gold Post by: kryptqnick on June 28, 2024, 04:39:36 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D This sort of question requires personal research and managing expectations. Bitcoin is convenient because it's digital, and you don't need to rely on anyone to store it or perform transactions. Gold is physical, so you can't use it as an online payment, sending it anywhere is more complex, and you need to figure out where to physically store it. But Bitcoin is very volatile, and sometimes you may need to wait for a year if not more unless you want to sell at a big loss. Gold also has some volatility, but it seems more stable. The time of crazy profits with Bitcoin is likely over, so with both gold and Bitcoin mild profit is a more reasonable expectation.Title: Re: Bitcoin or Gold Post by: BitGoba on June 28, 2024, 07:44:20 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D The proof-of-work algorithm used for Bitcoin mining is very similar to the process of gold mining. In both cases, a lot of resources, money, time, and energy are needed to obtain gold or Bitcoin. If you look at the history of money evolution, the harder form of money always wins. Bitcoin is a harder form of money than gold. The maximum number of Bitcoins that will ever be mined is limited to just 21 million, which gives Bitcoin an advantage over gold because new gold mines can always be discovered, whereas the number of Bitcoins is finite at 21 million. Therefore, it is certain that over time Bitcoin will capture the monetary premium and demonetize gold. It’s like mathematics—2 and 2 are always 4—because everyone wants a hard form of money; no one wants to lose value. However, the process of Bitcoin demonetizing gold is a process, just like how gold has demonetized silver over the past 100 years. Title: Re: Bitcoin or Gold Post by: BitGoba on June 28, 2024, 07:53:17 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D This sort of question requires personal research and managing expectations. Bitcoin is convenient because it's digital, and you don't need to rely on anyone to store it or perform transactions. Gold is physical, so you can't use it as an online payment, sending it anywhere is more complex, and you need to figure out where to physically store it. But Bitcoin is very volatile, and sometimes you may need to wait for a year if not more unless you want to sell at a big loss. Gold also has some volatility, but it seems more stable. The time of crazy profits with Bitcoin is likely over, so with both gold and Bitcoin mild profit is a more reasonable expectation.I would not agree with you regarding the crazy profits. Bitcoin is still young, and most people do not understand what Bitcoin is. But it is almost certain that in the next decade, it will surpass gold in market cap, and by a significant margin—perhaps 5 times the market cap of gold. A Bitcoin price of 5 million or 10 million dollars is entirely possible because it is a much harder form of money than gold. Title: Re: Bitcoin or Gold Post by: GbitG on June 28, 2024, 08:03:06 AM But one is still more preferred over the other as of now, which is bitcoin, the present gold we all have to rush on is on bitcoin adoption, not because we are joining the crowd to do this, but we have realized to the fact that bitcoin is the only answer to most of the economy financial challenges and we need it for our own self, this is part of the reasons why you cannot have it being supported by some countries because of its decentralization, if you have bitcoin and gold to choose, many will go for bitcoin because with bitcoin profit, you can still buy gold. Right not everyone would think this way. Bitcoin indeed tends to grow in value much quicker than gold but there are other factors that one needs to consider before concluding and one's choice won't solely be dependent on asset growth, things such as security are also considered by a lot of investors and to be honest, gold is considered to be a more secure investment asset when compared to Bitcoin because of its stable growth potential and physical existence.When you buy Bitcoin, you spend your money on something that doesn't have a digital existence but it is only available digitally which might be a concern for a lot of traditional investors, I know that we trust Bitcoin a lot because it has been around for a long time, but we can't say that this isn't a valid argument. Title: Re: Bitcoin or Gold Post by: Katherine_Alicia on June 28, 2024, 08:38:16 AM This isn`t financial advice, just something to consider for the more Liquid parts of a portfolio, why not do both? like 60% BTC 30% cash (cash is also a position) and 10% Gold (I prefer Silver).
Just juggle the numbers around a bit to suit your own risk tollerance. Title: Re: Bitcoin or Gold Post by: BALIK on June 28, 2024, 09:11:19 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D The proof-of-work algorithm used for Bitcoin mining is very similar to the process of gold mining. In both cases, a lot of resources, money, time, and energy are needed to obtain gold or Bitcoin. If you look at the history of money evolution, the harder form of money always wins. Bitcoin is a harder form of money than gold. The maximum number of Bitcoins that will ever be mined is limited to just 21 million, which gives Bitcoin an advantage over gold because new gold mines can always be discovered, whereas the number of Bitcoins is finite at 21 million. Therefore, it is certain that over time Bitcoin will capture the monetary premium and demonetize gold. It’s like mathematics—2 and 2 are always 4—because everyone wants a hard form of money; no one wants to lose value. However, the process of Bitcoin demonetizing gold is a process, just like how gold has demonetized silver over the past 100 years. But you overlooked one thing that gold is not only used as property, jewelry...but it is also used in many industries. It can be said that the demand for gold is much greater than bitcoin, so even if more gold is mined, it cannot meet the world's demand. Furthermore, I have heard thousands of theories about humanity finding a large amount of gold but so far it has not happened. And as far as I know those rumors are mostly spread by maximum bitcoin investors and the purpose of that is to make gold look bad and exaggerate about bitcoin, nothing more and nothing less. I consider it ugly competition. As many have said, gold and bitcoin are both good assets and which asset people choose will depend on their needs and preferences. Title: Re: Bitcoin or Gold Post by: moneystery on June 28, 2024, 12:41:41 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D bitcoin development itself is not more than 20 years as far as i understand, so maybe you are wrong about that. and discussing which is better whether gold or bitcoin, it comes back to each investor, some prefer bitcoin but some prefer gold. as for me, i prefer investing in bitcoin compared to gold, although bitcoin tends to be volatile, but that can be overcome if you invest in the long term and get better profits compared to gold. and i can also invest more flexibly in bitcoin because with the dca or accumulation method. and lastly, even though you can invest online in gold or buy physical gold, full control over bitcoin investment is higher, all control is in your hands. Title: Re: Bitcoin or Gold Post by: Hallroom on June 28, 2024, 12:52:31 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D At the present time, relatively everyone is competing, although gold has been with people for a long time. But Bitcoin has hit its peak in the market for a short period of time and is widely used in every country. And I would like to say that Bitcoin is the best investment over gold, because Bitcoin is one of the most trusted coins of today. And the price increases several times more than what it sounds like so I'd say it's worth the investment. Title: Re: Bitcoin or Gold Post by: TheUltraElite on June 28, 2024, 01:10:39 PM But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D I am not sure if you are referring to bitcoin's age or the buyer's age. Considering the first one, because that is more fixed, it has been here for <20years but even then it would be a huge gain if someone bought chunks of bitcoin several years ago.Gold will also have its pros and cons, it is not worth nothing. These are all different asset classes and the wise thing to do is to keep all types of assets classes in your folio and give them weightage as per your choice. Traditional assets, precious metals, bonds, crypto can all be part of it. Dont go all in on one of them. Title: Re: Bitcoin or Gold Post by: stadus on June 28, 2024, 01:26:49 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D You don’t have to chose between bitcoin and gold because both are profitable investments. You can invest in them both, but I suggest put a bigger allocation for bitcoin something that you can still afford to lose since it’s still considered a high-risk investment. However, bitcoin is considered more safe and secured as long as you keep it in your own protected wallet, and history has proven that it offers the highest potential returns, something that other investments may take a lot of years before it can guarantee you.Title: Re: Bitcoin or Gold Post by: yudi09 on June 28, 2024, 03:06:48 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. If you know gold is more stable and you want big returns when the price reaches the latest ATH, of course your choice is Bitcoin.Don't just think about the profits, but think about the risks and challenges. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Behind the development of Bitcoin prices from the past until now, the price was $60,000 and once reached $73,777, people never knew it could be like this and almost no one has held it for decades.When you start to become aware of the future of Bitcoin, start to take part in Bitcoin with the condition that you are physically and mentally ready. Title: Re: Bitcoin or Gold Post by: Cvetik56 on June 28, 2024, 03:08:20 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D You don’t have to chose between bitcoin and gold because both are profitable investments. You can invest in them both, but I suggest put a bigger allocation for bitcoin something that you can still afford to lose since it’s still considered a high-risk investment. However, bitcoin is considered more safe and secured as long as you keep it in your own protected wallet, and history has proven that it offers the highest potential returns, something that other investments may take a lot of years before it can guarantee you.Well, Gold is not that profitable, but it doesn't lose its value either. Investing in both is a good option, but I chose Bitcoin and crypto in general. Title: Re: Bitcoin or Gold Post by: uneng on June 28, 2024, 04:47:56 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Bitcoin. I guess if you had enough money to buy gold as investment, you wouldn't be concerned about the profitability factor at all, because gold is an investment for those who already have their patrimony consolidated and just want to maintain it, to protect it, while Bitcoin is a more suitable investment for those who are trying to build their financial life yet, even from zero!You are looking for investments with potential to grow your money, so it's Bitcoin you are looking for. We can't say if history is going to repeat itself regards Bitcoin, but there are serious chances this cryptocurrency still have a lot of potential to reach superior ATHs yet, and the sooner you start accumulating it, the better your chances are to achieve satisfactory results in the following months or years. Title: Re: Bitcoin or Gold Post by: Blitzboy on June 28, 2024, 04:51:29 PM You want something safe? Gold's been good for centuries. Still, you'd like something a little more stunning. Bitcoin's your guy. Digital gold is the future and has been bringing people fortunes. But folks don't put all their eggs in one basket. They combine some of that relatively new Bitcoin with some of that old-fashioned gold.
People, it goes beyond money. It has to do with having belief in something. It's about believing a tiny bit in technology and the future. And who, to be honest, doesn't want to be a part of the future? You want to win then? Become diverse. That winning combo is Bitcoin and gold. Title: Re: Bitcoin or Gold Post by: GigaBit on June 28, 2024, 05:30:16 PM A debate between Bitcoin and Gold investors is often seen as to which one is more profitable for them to invest. The comparisons we see with gold in this case is that gold can provide a steady return to the average investor whereas an investor can get little return on long term investment. Gold has managed to deliver approximate 30 percent adjusted returns over the past decade, which is just 2 percent on an annualized basis. And it took centuries for gold to reach this position. On the other hand, there is no fixed supply of gold, but gold can be mined by founding new one.
https://talkimg.com/images/2024/06/28/heYz2.png (https://www.mdpi.com/1911-8074/16/10/455) What matters to us when it comes to Bitcoin is that although it is volatile in nature, it is definitely profitable in the long run. Who are long time investors everyone has profited while holding Bitcoin. Moreover, it is an attractive investment medium for current and future generations. As demand for Bitcoin is steadily increasing and its supply is limited, it can reach new highs very quickly. Moreover, since Bitcoin is easy to use in terms of transactions, it can be used for various purposes. etc. There are various reasons i think Bitcoin investment is better than Gold. Title: Re: Bitcoin or Gold Post by: BitGoba on June 28, 2024, 10:36:20 PM Bitcoin is still very young. How many people truly understand what Bitcoin is? Probably even 80% of the people on this forum can't understand Bitcoin, and some have been in the space for years. Bitcoin is a complete paradigm shift, and it will take time for people to grasp what it is. As I mentioned earlier, harder forms of money always win everyone wants hard money. no one wants to lose. Eventually, everyone will own Bitcoin and will acquire it at the price they deserve.
Title: Re: Bitcoin or Gold Post by: Wakate on June 28, 2024, 11:01:51 PM This isn`t financial advice, just something to consider for the more Liquid parts of a portfolio, why not do both? like 60% BTC 30% cash (cash is also a position) and 10% Gold (I prefer Silver). I think this is quite okay and could really make good sense putting 60% on Bitcoin and the rest will be for cash and buying gold. Gold is very volatile but do not appreciate like the way Bitcoin is doing. Bitcoin is one of the volatile coin we can make money from with ease and I am very interested holding for as long as possible. Bitcoin might not have to value we can use to compare with gold but it is quite profitable compared to holding gold. Gold is mostly controlled by the US government which makes the price to be easily manipulated and controlled so that things don't go too far or become worse that would make buyers to dump their gold assets. Just juggle the numbers around a bit to suit your own risk tollerance. Title: Re: Bitcoin or Gold Post by: Psalms23 on June 29, 2024, 12:40:13 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Tough call, but I'd prob lean towards Bitcoin. It's digital, easy to trade, and not tied to any one country's economy. Gold's cool too—shiny and has been valuable forever, but it's heavy and a pain to store. Plus, Bitcoin's got that future vibe, you know. Bitcoin's got a fixed supply, so there's no printing more of it, unlike fiat money. It's also super accessible—you can send it anywhere in the world in minutes. Plus, it's becoming more accepted for buying stuff. Gold, on the other hand, is great for holding value over the long term and is a solid hedge against inflation, but it's not as easy to use for everyday transactions. Also, Bitcoin's tech keeps evolving, making it more secure and useful, while gold just kinda sits there looking pretty. Title: Re: Bitcoin or Gold Post by: Psalms23 on June 29, 2024, 12:41:55 AM Bitcoin is still very young. How many people truly understand what Bitcoin is? Probably even 80% of the people on this forum can't understand Bitcoin, and some have been in the space for years. Bitcoin is a complete paradigm shift, and it will take time for people to grasp what it is. As I mentioned earlier, harder forms of money always win everyone wants hard money. no one wants to lose. Eventually, everyone will own Bitcoin and will acquire it at the price they deserve. I totally get what you're saying. Bitcoin's still a baby in the grand scheme of things. It's not easy to wrap your head around, especially with all the tech jargon. Even folks who've been around for a while can get tripped up by it. It's like this big shift in how we think about money moving from something physical to something digital and decentralized. And you're spot on about hard money. People want something that holds value, and Bitcoin's got that potential with its fixed supply. It'll take time, but as people start to understand and trust it more, they'll jump on board. Everyone wants in on the action, and yeah, they'll get it at the price they deserve based on when they decide to dive in. Title: Re: Bitcoin or Gold Post by: re-start on June 29, 2024, 07:08:49 AM If you are interested in traditional investment, gold is a good option for you. But if you are looking for a safe and decentralized investment method, Bitcoin is the best option for you. Long-term Bitcoin may be more profitable than gold. You can even diversify your portfolio and have both.
Title: Re: Bitcoin or Gold Post by: GeorgeJohn on June 29, 2024, 10:42:48 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D I know quite well that both of them are digital currency but you really invest in something that is evoke not something that has already lose a value of investment because many persons currently especially the young youth does not hold a gold for now because since the existence of Bitcoin in 20 2009 it has taken place by bitcoin is a progressive or a propagated digital currency that is this decentralized and also frequently yield a profit for the investors, that is why many people deviated from Gold investment to bitcoin investment generally to cryptocurrency investment because it does not have a thought party for it investment and it is something that you can monitor in anywhere you are so I will encourage you to invest in Bitcoin instead of gold that's why that both of them have a disadvantage value so I preferred bitcoin instead of gold investment.Title: Re: Bitcoin or Gold Post by: Nothingtodo on June 29, 2024, 11:07:53 PM Investing in both Bitcoin and Gold can be advised as both are equally valuable. If someone wants to invest on a large scale then he will invest more of his investment in bitcoin and less in gold. But by no means should all parts of his employment be investments in either but both. As both gold and bitcoin continue to grow in demand and popularity over time, these two investments will become more popular in the future.
Title: Re: Bitcoin or Gold Post by: As-Soon-As on June 30, 2024, 04:25:36 AM Investing in both Bitcoin and Gold can be advised as both are equally valuable. If someone wants to invest on a large scale then he will invest more of his investment in bitcoin and less in gold. But by no means should all parts of his employment be investments in either but both. As both gold and bitcoin continue to grow in demand and popularity over time, these two investments will become more popular in the future. Gold has been spread among people since past and the market did not have much influence, but you see Bitcoin in a very short time in the market has managed to spread the influence of Bitcoin among the people of all countries. So if I compare between gold and bitcoin in terms of investment I will definitely prefer bitcoin investment. It is possible to earn several times more benefits than gold in Bitcoin alone. Title: Re: Bitcoin or Gold Post by: SickDayIn on June 30, 2024, 04:27:26 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Bitcoin is finite, and Gold is finite.However, the rate at which they are introduced into the world is very different, which affects scarcity. As time goes on for Gold, technology advances and getting Gold out of the earth becomes a lot easier. It is not predictable and uncertain. As time goes on for Bitcoin, there is a decreasing amount introduced due to block rewards being halved. It is predictable and certain. I know my pick, go with Bitcoin. Title: Re: Bitcoin or Gold Post by: Blitzboy on June 30, 2024, 06:07:15 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Bitcoin is finite, and Gold is finite.However, the rate at which they are introduced into the world is very different, which affects scarcity. As time goes on for Gold, technology advances and getting Gold out of the earth becomes a lot easier. It is not predictable and uncertain. As time goes on for Bitcoin, there is a decreasing amount introduced due to block rewards being halved. It is predictable and certain. I know my pick, go with Bitcoin. We've got technology digging up more and more gold every year, so is it really that rare anymore? Bitcoin, thats a different story. It is safe, limited, and constructed on an immutable, transparent system. Folks, this is gold standard 2.0. So, whats it gonna be? An antique relic thats losing its luster, or the future of finance? Where Im investing my money is known. Bitcoin is a gamble on a better, more predictable financial system as much as an investment. Thats an investment in the future. Title: Re: Bitcoin or Gold Post by: Marvell1 on June 30, 2024, 06:53:14 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Bitcoin is finite, and Gold is finite.However, the rate at which they are introduced into the world is very different, which affects scarcity. As time goes on for Gold, technology advances and getting Gold out of the earth becomes a lot easier. It is not predictable and uncertain. As time goes on for Bitcoin, there is a decreasing amount introduced due to block rewards being halved. It is predictable and certain. I know my pick, go with Bitcoin. We've got technology digging up more and more gold every year, so is it really that rare anymore? Bitcoin, thats a different story. It is safe, limited, and constructed on an immutable, transparent system. Folks, this is gold standard 2.0. So, whats it gonna be? An antique relic thats losing its luster, or the future of finance? Where Im investing my money is known. Bitcoin is a gamble on a better, more predictable financial system as much as an investment. Thats an investment in the future. If I had to choose only 1 of the 2, I would also choose bitcoin because it offers more essential use cases for me and offers much better returns than gold. Between gold and bitcoin, I think bitcoin is much better for my needs but I don't think it's a bad idea for someone to choose gold and it depends on their needs. But what evidence do you have that gold mining is getting easier and what evidence does gold no longer have to be scarce? Because just looking at gold's chart, it's not growing as fast as bitcoin but it's clearly still growing steadily every year, which shows that demand is still higher than supply. Furthermore, gold is used in many different industries, not just as a storage asset, so I don't think there will be an oversupply of gold as you said. According to some news I know, there is not even enough gold for the Chinese and Russian governments to buy, and the US is the country that holds the most gold in the world. Why don't they compete to buy bitcoin but instead compete to buy and store gold? https://www.businesstimes.com.sg/international/chinas-central-bank-adds-more-gold-its-reserves-april https://www.talkimg.com/images/2024/06/30/oUwcm.png Title: Re: Bitcoin or Gold Post by: eightdots on June 30, 2024, 09:46:44 AM Bitcoin is still very young. How many people truly understand what Bitcoin is? Probably even 80% of the people on this forum can't understand Bitcoin, and some have been in the space for years. Bitcoin is a complete paradigm shift, and it will take time for people to grasp what it is. As I mentioned earlier, harder forms of money always win everyone wants hard money. no one wants to lose. Eventually, everyone will own Bitcoin and will acquire it at the price they deserve. Bitcoin is very young compared to gold. Although it has proven itself as an investment tool, it has not been able to reach many people who like to invest traditionally. As time goes by and generations interested in technology grow up, interest in Bitcoin will increase further. This is a process and there is no need to rush in this process. There are many investment instruments and people choose these investment instruments and make their investments. The advantage of Bitcoin is that it reaches more people every day. Title: Re: Bitcoin or Gold Post by: GbitG on June 30, 2024, 11:25:40 PM Bitcoin is very young compared to gold. Although it has proven itself as an investment tool, it has not been able to reach many people who like to invest traditionally. As time goes by and generations interested in technology grow up, interest in Bitcoin will increase further. This is a process and there is no need to rush in this process. There are many investment instruments and people choose these investment instruments and make their investments. The advantage of Bitcoin is that it reaches more people every day. There are two advantages of Bitcoin that I can think of which I think are the reasons why many people might prefer Bitcoin as an investment option over Gold. The first advantage is affordability, by affordability I mean that a person can start making investments in Bitcoin from as low as $10 which is extremely low and it means that any person having that much money can become a Bitcoin investor. The other advantage is that it is more volatile than Gold which means that the potential to generate profits is higher than Gold in the shorter term. Gold is one of the best investment assets in the world, there is no doubt about that, and it has been around for centuries which is the reason why many people trust it more than Bitcoin because it has a physical existence unlike Bitcoin which is only available digitally. Title: Re: Bitcoin or Gold Post by: Out of mind on July 01, 2024, 05:17:56 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. -- OP, if you invest in either of these two things, gold and bitcoin, you will definitely benefit from holding it. But I think in today's era if you keep up with modernity you can definitely invest in Bitcoin. Also, if you invest in gold it is also better to hold it you will definitely gain in the past people always invested in gold when there was no bitcoin. I think it never hurts to invest between these two things, gold and bitcoin, so you can invest whichever you like. Quote But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D OP, it sounds really funny that you're imagining investments from 20 years ago here, lol. We know that Bitcoin came into the market in 2009 and since then people have invested in it. 20 years ago there was no sign of Bitcoin You may be very ignorant about this, but we can assume that in the future we will celebrate 20 years of Bitcoin. Title: Re: Bitcoin or Gold Post by: kuriboh on July 01, 2024, 07:07:39 AM Bitcoin is still very young. How many people truly understand what Bitcoin is? Bitcoin is still very young because it is now in a perfect position compared to gold. Whether you know it or not, this Bitcoin investment is increasing day by day. Primarily, the youth are investing more here. The mindset of the youth has become such that they will continue to invest even if they have something. With day-by-day interest in technology, youngsters are getting more and more addicted to Bitcoin and will be more in future.Probably even 80% of the people on this forum can't understand Bitcoin, and some have been in the space for years. Bitcoin is a complete paradigm shift, and it will take time for people to grasp what it is. On the other hand, you said that 80% of people in this forum don't understand anything about Bitcoin. I couldn't agree with this because people who come to this forum are new, but after coming here, they get a good idea about Bitcoin. If they need help understanding, they ask questions in the Bitcoin discussion from here. Others explain them by giving good answers, and here you say 80% of people in the forum need help understanding Bitcoin. Most people in this forum know about Bitcoin.As I mentioned earlier, harder forms of money always win everyone wants hard money. no one wants to lose. Eventually, everyone will own Bitcoin and will acquire it at the price they deserve. Yes, but it is true that it will take a lot of time to learn about Bitcoin. It is not possible to learn about Bitcoin in such a short time. It needs a lot of analysis and research. Still, I don't know if he will know fully, but he will understand if he can do it with time.Title: Re: Bitcoin or Gold Post by: tottong on July 01, 2024, 08:39:48 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D You have to know your investment vision and if your desire is for stability or not having a lot of risk then choosing gold is a good choice. But if you want to get maximum profits in a certain time then bitcoin is a much more appropriate choice. Talking about risk, it cannot be separated from your ability to invest and what you need to know is that investing in Bitcoin can also minimize the risk as long as you hold and do not release Bitcoin when it falls below the purchase price. The market capitalization for bitcoin is also getting bigger or increasing and it is possible that this will make bitcoin an investment that resembles gold. However, in terms of maintaining the value of gold it is still very stable and when it comes to profits, it can still be said to be superior Bitcoin. Title: Re: Bitcoin or Gold Post by: Pi-network314159 on July 01, 2024, 08:51:04 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D I think you should invest in bitcoin than gold. One can justify it throughYour statement. Bitcoin is a more volatile assets than Gold so as such bitcoin should be taken more seriously than gold because it's volatility is very high. that means withing the interval of 4-10-20 years, you may have made yourself a lot of profit, even if the percentage of the profit is not assured but it is certain that It will yeald a better result than investing on gold. Investing in bitcoin is a nice idea which i will advice anybody to invest.Title: Re: Bitcoin or Gold Post by: boyptc on July 01, 2024, 08:52:47 AM The market capitalization for bitcoin is also getting bigger or increasing and it is possible that this will make bitcoin an investment that resembles gold. It's been called near to gold but they're still different from each other. However, in terms of maintaining the value of gold it is still very stable and when it comes to profits, it can still be said to be superior Bitcoin. That's because of Bitcoin's volatility, if it's not with bitcoin's volatility then there's not that much risk to take that shall make it more profitable than gold.Those early investors of gold can also be in the same situation as us when we've bought bitcoin years ago. Title: Re: Bitcoin or Gold Post by: Iranus on July 01, 2024, 01:56:45 PM Bitcoin is very young compared to gold. Although it has proven itself as an investment tool, it has not been able to reach many people who like to invest traditionally. As time goes by and generations interested in technology grow up, interest in Bitcoin will increase further. This is a process and there is no need to rush in this process. There are many investment instruments and people choose these investment instruments and make their investments. The advantage of Bitcoin is that it reaches more people every day. There are two advantages of Bitcoin that I can think of which I think are the reasons why many people might prefer Bitcoin as an investment option over Gold. The first advantage is affordability, by affordability I mean that a person can start making investments in Bitcoin from as low as $10 which is extremely low and it means that any person having that much money can become a Bitcoin investor. The other advantage is that it is more volatile than Gold which means that the potential to generate profits is higher than Gold in the shorter term. Gold is one of the best investment assets in the world, there is no doubt about that, and it has been around for centuries which is the reason why many people trust it more than Bitcoin because it has a physical existence unlike Bitcoin which is only available digitally. I agree with you about the first advantage you point out and that would make bitcoin more accessible to people than any other investment. But I think bitcoin's volatility can also be an advantage and it can also be a disadvantage, and it depends on each person's preferences. Because there are many people who do not invest in bitcoin because they are scared and feel insecure about bitcoin's volatility, not everyone enjoys the roller coaster ride like we do. There have been many comparisons between gold and bitcoin to find out which investment asset is the best but in my opinion, both are good and have different pros and cons. Which asset is better depends on each person's preferences and we cannot impose our thoughts on others. Title: Re: Bitcoin or Gold Post by: mirakal on July 01, 2024, 05:58:40 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Invest in bitcoin first because it yield profits faster and bigger than what is gold is capable. When you earned massive amount of profits, slowly diversify your investment and invest into gold as well. In due time, both will give you decent amount of profits. Just buy and hold, because the longer you hold them, the bigger the potential profits you will reap in the end. In the end, you will not only own bitcoin and gold, but even some other potential assets as well.Title: Re: Bitcoin or Gold Post by: Silberman on July 01, 2024, 09:12:11 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D If the amount of money you have planned for this investment is on the high side, I do not see why you could not invest in both, since gold and bitcoin are without a doubt two of the best investments any person could make, so instead of trying to figure out in which of those two assets to invest, investing in both is a sensible choice, however if you are already faltering over such an easy decision, I wonder if you are ready to become an investor and if it is better for you to wait until you are.Title: Re: Bitcoin or Gold Post by: Fiasem20 on July 01, 2024, 10:08:11 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Both investments are safe haven asset,but there's a big difference between gold and Bitcoin.Gold and Bitcoin are hedge against economic downturn,you mustn't prefer Bitcoin go for an investment you'll be able to bear the risk.Most investors prefer assets that are more stable while most investors prefer an asset that has both bearish and bullish season.When we talk about Bitcoin, it's the new gold that it's in a digitalized form and decentralized nature.Bitcoin price history from the day it was invented till date gives a clear picture that Bitcoin it's worth more than any stable asset.I prefer Bitcoin to gold.Title: Re: Bitcoin or Gold Post by: josgandosbro on July 02, 2024, 09:57:51 AM I sujecton Bitcoin is the best investment for the future. Bitcoin is an easy way to use anywhere and at any time. If you invest in gold it is not easy to use. So invest in Bitcoin but before investing check the bitcoin price. If the price goes down then invest the bitcoin. Gold is not an easy change. But Bitcoin is easy to change at any time. So plan to invest bitcoin.
Title: Re: Bitcoin or Gold Post by: Princess Leah on July 02, 2024, 11:27:32 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Wait did you say 20 years ago? I wonder who created the Bitcoin you expect people to had bought 20 years ago cause the Bitcoin I know that was created by Satoshi Nakamoto was in 2009 which is not even up to 20 years, maybe you're just trying to be sacarstic or you didn't make a research before making such statement.Well, both gold and Bitcoin are very good assets for investment and i don't think you'll regret investing in any especially if you're thinking of long term investment, just that Gold doesn't depreciate but appreciates over time and it might take long time before you think of making much profits from it, but it's still a good investment option. However the price of Bitcoin is volatile thereby making it to dip and rise again at anypoint in time, Bitcoin has a good potential to get past double it's current value and that's why it's seen as one of the best asset to invest for the future, well I'll advise that you do proper findings before investing in any cause it's clear you have no knowledge about Bitcoin especially. Title: Re: Bitcoin or Gold Post by: Alone055 on July 02, 2024, 04:26:43 PM I sujecton Bitcoin is the best investment for the future. Bitcoin is an easy way to use anywhere and at any time. If you invest in gold it is not easy to use. So invest in Bitcoin but before investing check the bitcoin price. If the price goes down then invest the bitcoin. Gold is not an easy change. But Bitcoin is easy to change at any time. So plan to invest bitcoin. It shouldn't be a subject of use cases if we are talking about investments because when you invest in an asset, you don't do that so that you can use the assets you are buying, so we shouldn't see how useful Bitcoin or gold can be in the future but we should see which of these can be a more successful investment if we invest our money in them. If we are to differentiate between the two, there can be some very visible differences between the two. Gold is the standard traditional investment asset which is considered and believed to be a secure investment asset that also accrues good profits in the long term, so it provides both security for the investment and profits. On the other hand, Bitcoin is a more volatile asset which makes it a bit riskier than gold because when the price of an asset is highly unstable, it tends to lose value as well. So for investment security, Bitcoin shouldn't be the first choice, but when it comes to profits, since it's more volatile, it can be the first choice of investors. Title: Re: Bitcoin or Gold Post by: sarmrakib on July 02, 2024, 04:49:09 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D You have made an easy answer to your post that imagine if you bought btc before 20 year you would be a rich people to the financial world. However it's true that gold is a stable way to get a good profit but bitcoin is something what can give you a good return within a short time of period than gold. On the hand it has few risk cause the crypto market is always has some uncertainty cause market is high volatile. You can earn many and also you can loose many. So its a always tough to decide to go with gold or btc. Title: Re: Bitcoin or Gold Post by: Baki202 on July 02, 2024, 05:44:50 PM Investing in both Bitcoin and Gold can be advised as both are equally valuable. If someone wants to invest on a large scale then he will invest more of his investment in bitcoin and less in gold. But by no means should all parts of his employment be investments in either but both. As both gold and bitcoin continue to grow in demand and popularity over time, these two investments will become more popular in the future. Bitcoin will always be bitcoin and gold will always be gold and they both have their relevance it just depends on interest, their are people that they don’t really have interest in bitcoin but they have gold so since we have our individual difference's. And if the person wants gold bar even if he as the money. Having too much gold bar is dangerous and will draw attention to you because transporting it alone is a lot of work and what if he gets rob when conveying the gold but since their is digital gold their won’t be need to buy bar anymore and you will just buy your digital gold with drawing any attention to your self, or even go for bitcoins, and that way you can even keep your investment a secret. Those that have good foundation in both of this investment are good and are doing greatly except they don’t want to show. Title: Re: Bitcoin or Gold Post by: EarnOnVictor on July 02, 2024, 05:50:52 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D My advice for you is to avoid dwelling in the past but in the present and be hopeful of the future. Bitcoin has done the unexpected in the past and that has gone, it will never happen in that magnitude again, the rest will be some kind of a few multiple returns on your investment. Nothing like the past will repeat itself like many would say here.Notwithstanding, if you are smart enough, you can be waiting for Bitcoin to fall very well during the bearish season and buy it. This approach alone can enrich you if you have a sizable amount of money invested in it. You can imagine those who bought Bitcoin in late 2022, despite not moving more than 20 times like before will still make at least 4 times their capital since they struck it low. That's the gist. As for the one to choose between Bitcoin and Gold, if it is for trading, I choose Gold, but if it is an investment, I choose Bitcoin. And since investment is less risky, it is a good call for you to choose Gold. Just follow my earlier advice and you will be fine, however, you need a lot of patience. Title: Re: Bitcoin or Gold Post by: tottong on July 02, 2024, 06:15:44 PM The market capitalization for bitcoin is also getting bigger or increasing and it is possible that this will make bitcoin an investment that resembles gold. It's been called near to gold but they're still different from each other. That's true and I just want to reiterate even though the two are different and everyone knows that. That's because of Bitcoin's volatility, if it's not with bitcoin's volatility then there's not that much risk to take that shall make it more profitable than gold. And it is also because of this volatility that makes bitcoin a valuable asset now because if the concept was the same as other coins then bitcoin would not have reached what it is now. Meanwhile, risk cannot be separated from a person's ability to carry out investments and if they hold for the long term the risk is not a big problem.Those early investors of gold can also be in the same situation as us when we've bought bitcoin years ago. That's why the approach is almost the same even though they are different and of course all forms involving money have different risk levels. Our job is to minimize it so that it doesn't become something detrimental. Title: Re: Bitcoin or Gold Post by: tread93 on July 02, 2024, 06:51:55 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D It depends what you want and what your goals are. You can’t go wrong with either but each one will help you meet specific goals. If you want more security having full possession of your money then perhaps gold is best for you, but if you want something with tremendous upside that can’t easily be seized from you and is easier to hide/transport then I would recommend Bitcoin 8) Title: Re: Bitcoin or Gold Post by: topbitcoin on July 03, 2024, 04:13:39 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D It depends what you want and what your goals are. You can’t go wrong with either but each one will help you meet specific goals. If you want more security having full possession of your money then perhaps gold is best for you, but if you want something with tremendous upside that can’t easily be seized from you and is easier to hide/transport then I would recommend Bitcoin 8) I think the advice for OP depends on where he is ready to take the risks and benefits that will be taken, if he is quite ready with the risk of holding gold, why not buy gold to store his wealth and if OP has the readiness to hold bitcoin with its risks, it is better to choose bitcoin than to hold gold, this depends on his personal readiness to manage the risk profile, where he will save his money. Because if not with self-sufficiency, it will be very difficult in the future, especially the purpose of investment, which basically requires quite a lot of time to get a decent profit, both in gold and in bitcoin. Title: Re: Bitcoin or Gold Post by: Mame89 on July 03, 2024, 05:31:00 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D It depends what you want and what your goals are. You can’t go wrong with either but each one will help you meet specific goals. If you want more security having full possession of your money then perhaps gold is best for you, but if you want something with tremendous upside that can’t easily be seized from you and is easier to hide/transport then I would recommend Bitcoin 8) Bitcoin is also easier to use than gold which is very difficult to carry everywhere. In essence, both have their own characteristics and advantages, it all depends on what type of investment the individual wants to make. But what is clear is that bitcoin is growing very rapidly, having gold and bitcoin investments will make you achieve financial freedom in the future. Because what is certain is that if we look back in history we have been deceived by paper currency. Title: Re: Bitcoin or Gold Post by: red4slash on July 03, 2024, 05:41:02 PM I think the advice for OP depends on where he is ready to take the risks and benefits that will be taken, if he is quite ready with the risk of holding gold, why not buy gold to store his wealth and if OP has the readiness to hold bitcoin with its risks, it is better to choose bitcoin than to hold gold, this depends on his personal readiness to manage the risk profile, where he will save his money. In this case the choice is true where are we ready with all the risks or not because after all with the advantages and disadvantages that are owned, there will certainly be a risk that must be borne when in it. If indeed in the end we are ready with a very big risk then bitcoin can be an option but if we are not willing to take the risks we have then choose other options such as gold because being in bitcoin but not ready for the risk is the same as you who do it halfway which in the end it will not make yourself get maximum results because panic is far greater than your confidence in bitcoin. Title: Re: Bitcoin or Gold Post by: Scarlett_23 on July 03, 2024, 05:58:13 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D If BTC had appeared 20 years ago, its price might have increased several times. This incredible Bitcoin comes from the invention of Satoshi in 2009. Its highest ATH reaches $73,737.94. which at one time fell to $67.81. The incredible price increase in Bitcoin from the lowest to the highest would not have been bought with gold. Except virtually what is in the hands of the investor in this currency. He doesn't have to go to anyone else for that. But investing in gold requires security. which is concentrated. At work I consider bitcoin investing more valuable than gold. Title: Re: Bitcoin or Gold Post by: Cookdata on July 03, 2024, 06:08:48 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D If you are afraid, why not divide the money and do it half-half. Diversification of investment is the best thing, Gold might be less attractive with profits but Bitcoin isn't perfect too especially when you buy it at the top, you will need to wait for years probably in another cycle before you can exit or break even on your investment and if the market is bullish, you can then make more profits by power virtual of holding but you never can tell what Gold might turn later. Another thing you should know is that Bitcoin really need to make $120k before you will make 2x of your investment. Bitcoin might also be slow like Gold who knows unless you have a huge investment to make. I mean you will only make $100 on your $100 dollar investment by the time Bitcoin achieve $120k, $1k for $1k investment, $10k for $10k investment, hope you understand my points. Title: Re: Bitcoin or Gold Post by: Rabata on July 03, 2024, 07:10:56 PM Bitcoin is good investmente for the future. Gold also best investment but not easy to use. Bitcoin will be easy to process in any time. So bitcoin is best investment for the future saving and future growth. That the reson bitcoin is best one. Although both are valuable assets, there are significant differences between them. Gold has been regarded as a precious resource by humans since ancient times but with the change of eras there has been a great change in the needs and preferences of humans. Nowadays people give more priority to bitcoin than gold. Because they can't give maximum security even if they want in case of gold. Due to physical existence of gold, it is not portable. On one cannot hide it. But Bitcoin is an asset that is not a problem when kept in a wallet. If there is good security then there is good advantage using Bitcoin.Title: Re: Bitcoin or Gold Post by: Hamza2424 on July 03, 2024, 07:28:08 PM Bitcoin is good investmente for the future. Gold also best investment but not easy to use. Bitcoin will be easy to process in any time. So bitcoin is best investment for the future saving and future growth. That the reson bitcoin is best one. There's something called digital gold and some other gold's digital forks (just a random terminology), so here we go with our topic that in today's digital era even if you want to hold gold digitally its possible but keep in mind that's not real gold it's just a figure. Bitcoin is the best because we are way too early in Bitcoin compared to the gold, the Bitcoin is about to unleash its new potential in the near future, and your investment with significant risk has much more potential. Title: Re: Bitcoin or Gold Post by: Finestream on July 03, 2024, 09:25:09 PM ...should I invest in Gold or Bitcoin... I'm personally very happy with my investment in both. Your situation is, of course, unique to you. Title: Re: Bitcoin or Gold Post by: Stablexcoin on July 03, 2024, 10:52:11 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D It seems you are very rich to invest in Gold so I will advice you to invest in Both. One is a physical asset and the other is a digital asset and both of them have great potential in the long run. Thye shouldn't be neglected as long as the money is available to invest in them. If you just have the money to invest in one of them makes you want to know which one you will be investing in because I won't advice you to take opinions from others. It is your investment and you alone will be responsible if anything goes wrong. The consequences will be yours to bear. Check your financial strength and know the one you are willing to keep for long.Title: Re: Bitcoin or Gold Post by: Popkon6 on July 04, 2024, 10:27:39 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D It seems you are very rich to invest in Gold so I will advice you to invest in Both. One is a physical asset and the other is a digital asset and both of them have great potential in the long run. Thye shouldn't be neglected as long as the money is available to invest in them. If you just have the money to invest in one of them makes you want to know which one you will be investing in because I won't advice you to take opinions from others. It is your investment and you alone will be responsible if anything goes wrong. The consequences will be yours to bear. Check your financial strength and know the one you are willing to keep for long.Bitcoin is the best investment if you have to invest at this time because Bitcoin is going dip now. But I think that for some time bitcoin is best, people get little benefit by investing in gold. But Bitcoin is the best to get more profit, but if you invest now in this dip market then you can get one to two times profit in just few days. But if you want to earn long term by investing in gold then it will never be possible, because it is possible to get more benefits by investing in Bitcoin only. Title: Re: Bitcoin or Gold Post by: Bloodseekers on July 04, 2024, 05:37:11 PM Although both are valuable assets, there are significant differences between them. Gold has been regarded as a precious resource by humans since ancient times but with the change of eras there has been a great change in the needs and preferences of humans. Nowadays people give more priority to bitcoin than gold. Because they can't give maximum security even if they want in case of gold. Due to physical existence of gold, it is not portable. On one cannot hide it. But Bitcoin is an asset that is not a problem when kept in a wallet. If there is good security then there is good advantage using Bitcoin. From these two things, of course everyone has realized that Bitcoin and gold, both assets, can be used as investments for their future and as you said, it is very likely that gold has already been used by someone as an asset that they invest in and now we all have know Bitcoin well and some people have made this asset an investment for their future like previous people invested in gold.I agree with you that to be able to store Bitcoin assets we only need to have a wallet and must maintain the passkey properly so that we can still access these assets and it is very different from gold of course we have to really look after it because gold is an asset that has a quantity based on its price and this will makes it difficult for us to maintain it. Title: Re: Bitcoin or Gold Post by: leonair on July 06, 2024, 02:35:42 PM Bitcoin is the best investment if you have to invest at this time because Bitcoin is going dip now. But I think that for some time bitcoin is best, people get little benefit by investing in gold. But Bitcoin is the best to get more profit, but if you invest now in this dip market then you can get one to two times profit in just few days. Between bitcoin and gold I will choose bitcoin because if you invest in bitcoin at the right time and wait you can get multiple profit. But I don't have much idea about how much profit you can get by investing in gold so I favor bitcoin to invest. But If someone thinks to invest in Bitcoin for a short period of time, it can be a big fool for him. To invest in gold, we need to think a lot before investing. Because investing in gold cannot be sold at any time and there are many difficulties. I think there may be. If we invest in Bitcoin, we can sell at any time and enjoy many benefits.But if you want to earn long term by investing in gold then it will never be possible, because it is possible to get more benefits by investing in Bitcoin only. Title: Re: Bitcoin or Gold Post by: BTC_pokaop on July 07, 2024, 04:22:28 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Gold and Bitcoin are both long-term investments. Whether you invest in gold or bitcoin you need to hold for a long term, if you can't hold for a long time you won't make much profit. Now in terms of risk, gold is better than bitcoin, there is no risk in gold. If you think in terms of profit, you can earn more profit by investing in bitcoin than gold. Now see where you want to invest your money. Don't invest on someone else's advice.Title: Re: Bitcoin or Gold Post by: samuraijin on July 07, 2024, 05:43:29 AM Two different names but on the other hand it is a profitable investment from both, it all comes back to how they or someone keeps it because both have risks when owning both because the selling value is relatively high and both are worth having, it's not a question of which is more profitable but if you have both it will be much better than having to choose which is better, to be honest I have a little of both because I think they both have their own value which is what makes me want to have both.
Title: Re: Bitcoin or Gold Post by: Cryptmuster on July 07, 2024, 07:52:07 AM Yes Actually both are good for investing, depending on how you want to invest. If we look at history, we definitely prefer gold because gold has been around for decades, but if we look at the profits, we definitely choose bitcoin, even though bitcoin has only been around for a decade, but bitcoin has now become a hedging asset. Bitcoin is also easier to use than gold which is very difficult to carry everywhere. In essence, both have their own characteristics and advantages, it all depends on what type of investment the individual wants to make. But what is clear is that bitcoin is growing very rapidly, having gold and bitcoin investments will make you achieve financial freedom in the future. Because what is certain is that if we look back in history we have been deceived by paper currency. You will not carry gold with you, but you can wear some gold jewelry, and a small part of the gold will always be with you. Also, you don’t carry all your bitcoins with you (I mean a hardware wallet that contains all the bitcoins), you probably don’t even carry a few satoshis with you in your mobile wallet, and only make transactions when necessary, so this is not the best comparison. Gold and Bitcoin are good investments, but perhaps Bitcoin requires more understanding of the market than gold, in the long run the price will rise for both assets and if you are prone to strong feelings if the price of an asset falls, then invest less in Bitcoin because it can lose -70% or more in bear markets. Title: Re: Bitcoin or Gold Post by: OrangeII on July 07, 2024, 09:39:56 AM Two different names but on the other hand it is a profitable investment from both, it all comes back to how they or someone keeps it because both have risks when owning both because the selling value is relatively high and both are worth having, it's not a question of which is more profitable but if you have both it will be much better than having to choose which is better, to be honest I have a little of both because I think they both have their own value which is what makes me want to have both. well, when we have the opportunity to take advantage of both, then it is best to choose both as investment tools. However, depending on the circumstances, if we are currently trying to increase the assets we have quickly for business development, then it would be better to choose bitcoin, it's just that the risk is greater. However, if you want a long-term investment without having to bother thinking about it all the time, then it's gold. We know that the potential for gold development can be seen over a period of more than 10 years. So, if you want an investment that has very little risk, and a long-term investment, then the answer is gold.Title: Re: Bitcoin or Gold Post by: C10H15N on July 07, 2024, 12:32:14 PM ...you don’t carry all your bitcoins with you... I don't? 😜 https://erepublic.brightspotcdn.com/dims4/default/f120ca7/2147483647/strip/false/crop/940x630+0+0/resize/940x630!/quality/90/?url=http%3A%2F%2Ferepublic-brightspot.s3.us-west-2.amazonaws.com%2Fa7%2Fa8%2Ff549b21ab5589679fd02752d5069%2F32market-chip.jpg Title: Re: Bitcoin or Gold Post by: Yatsan on August 04, 2024, 08:47:22 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Both Bitcoin and gold are fungible means each unit is interchangeable with another of equal value. Bitcoin as a digital asset is a lot faster than gold as transactions are quick to process and even transferred globally. However, gold often needs to be melted or cut just to verify that there's no element added, tungsten I believe, that requires physical labor and secure storage while Bitcoin as part of blockchain technology it is easy to verify if the fund is there or not. Historically, gold has always been a safe-haven asset and always appreciated during uncertain time, during the Covid pandemic, gold did skyrocket but price dropped as our economies slowly recovered, while bitcoin's value wasn't falling alongside stock values during the pandemic until the new normal. Gold is favorable in terms of stability and low correlation with traditional financial assets, make it a candidate for risk management and diversification. Bitcoin, with high growth potential and being unpredictable, appeals to investors with high risk tolerance. On the other hand, it's very unlikely that all investors will choose between Bitcoin and Gold instead combining both assets offers a balance approach in investing, Gold's stability and Bitcoins for high returns, making it a clutch however crisis and situation we get. Title: Re: Bitcoin or Gold Post by: LDL on August 04, 2024, 12:07:09 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Whether you invest in either gold or bitcoin, your holdings will dictate your profits. If you plan to invest Bitcoin in the right market in the right conditions and hold it for a long time then I can definitely say that you will be more profitable than gold. On the other hand, if you do not have the courage to plan for long-term holding, then you can invest in gold without taking risk, in this case you will be completely risk free and give 100% guarantee of getting a steady profit in the future.Title: Re: Bitcoin or Gold Post by: Xcode7 on August 04, 2024, 12:13:05 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Whether you invest in either gold or bitcoin, your holdings will dictate your profits. If you plan to invest Bitcoin in the right market in the right conditions and hold it for a long time then I can definitely say that you will be more profitable than gold. On the other hand, if you do not have the courage to plan for long-term holding, then you can invest in gold without taking risk, in this case you will be completely risk free and give 100% guarantee of getting a steady profit in the future.Gold has quite good stability and even its price increases slightly over a long period of time while Bitcoin has quite fast and significant movements. So between these two options I think we should choose the type of investment according to our wishes, if we want profit in the future of course Bitcoin is the choice but if you just want to save it without taking risks then it is better to choose to invest in gold. Title: Re: Bitcoin or Gold Post by: Republikcoin.com on August 04, 2024, 01:24:16 PM If we look at the overall percentage of risk and potential profit are quite balanced in these two investment options. Currently, rich people who have more money and have large incomes have chosen both as their future investments by no longer keeping money in their safes except for spare money for living and expenses when they are sick. Because as you said, almost everyone wants to have greater profits through their investments and also wants to save assets that do not experience inflation such as gold, so it would be quite appropriate if rich people choose both as their current and future investment assets.Gold has quite good stability and even its price increases slightly over a long period of time while Bitcoin has quite fast and significant movements. So between these two options I think we should choose the type of investment according to our wishes, if we want profit in the future of course Bitcoin is the choice but if you just want to save it without taking risks then it is better to choose to invest in gold. Title: Re: Bitcoin or Gold Post by: tabas on August 04, 2024, 01:24:34 PM Whether you invest in either gold or bitcoin, your holdings will dictate your profits. If you plan to invest Bitcoin in the right market in the right conditions and hold it for a long time then I can definitely say that you will be more profitable than gold. On the other hand, if you do not have the courage to plan for long-term holding, then you can invest in gold without taking risk, in this case you will be completely risk free and give 100% guarantee of getting a steady profit in the future. Both of them are good for either the long or short term and you're right that someone's plan will determine how profitable they will be. There are a lot of these comparisons in charts about someone's asset in Bitcoin and gold and which is more profitable. Of course, those OGs of gold investing have been profitable all of their lives since it's been the medium of exchange since ancient times. But come near and look at how Bitcoin has revolutionized it and how it has shown to the world that volatility shouldn't be scary to take along with risks that it has.Title: Re: Bitcoin or Gold Post by: SuperBitMan on August 04, 2024, 04:25:13 PM I choose Bitcoin, Bitcoin growth is more than Gold and right now is more valuable, Gold can remain at same price without increase for years but Bitcoin has the capacity to increase in price always.
Bitcoin is more easy to carry about but Gold is not, people can easily notice. Bitcoin is the best and one of the best investment in the world right now. Title: Re: Bitcoin or Gold Post by: EarnOnVictor on August 04, 2024, 04:38:34 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Whether you invest in either gold or bitcoin, your holdings will dictate your profits. If you plan to invest Bitcoin in the right market in the right conditions and hold it for a long time then I can definitely say that you will be more profitable than gold. On the other hand, if you do not have the courage to plan for long-term holding, then you can invest in gold without taking risk, in this case you will be completely risk free and give 100% guarantee of getting a steady profit in the future.But you are right about it being a better investment than Gold (HODLing), the compression of Gold will always be an issue for it, and it will not be as worth it to own. They do that to avoid the inflation that could be caused by it. Nevertheless, one can still profit well from its trading, you may set the parameters well to the point that it will reduce your risk and will still increase your gains. But be warned, if you are doing this, ensure you opt for the brokers with swap-free accounts, or else, the rollover charges will frustrate you. Title: Re: Bitcoin or Gold Post by: Iranus on August 10, 2024, 02:21:01 PM ~snip I am with you halfway, and as things unfold between Bitcoin and Gold, I think it's no longer appropriate to be using some certainty remarks because no one knows what will happen. In the next 10 years, what if Bitcoin is still at $65,000, what would you do? I think it's time we accept the reality of the crypto market. Now that Bitcoin is in the mainstream of the financial market where institutions have a sizable holding, it will behave more like a sane market unlike the old times when it could be moving more than 20 times in just 2 years, those movements are crazy, they are no more feasible.Bitcoin is not yet the main trend of the financial market, how can an asset with a small capitalization and not yet adopted worldwide become the main trend of the world financial market? Title: Re: Bitcoin or Gold Post by: SuperBitMan on August 10, 2024, 03:30:32 PM I choose Bitcoin, if you buy and hold gold for 10 years you will never compare the profit you will make holding Bitcoin for that long to that of gold, Bitcoin will change your life for good.
Bitcoin is one of the best investment right now in the world. And it took Bitcoin some years to get to this point but it took gold thousand's of years to get to this point it is right now, so just imagine what will happen to Bitcoin in the next 10 to 20 years by then Bitcoin will be way more bigger than Gold. I choose Bitcoin over and over again. Title: Re: Bitcoin or Gold Post by: ndutndut on August 10, 2024, 03:34:16 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D First, you can't buy Bitcoin 20 years ago because Bitcoin is not 20 years old, Bitcoin was only introduced in 2009. Maybe you can imagine if you invested in Bitcoin in 2009 or 2010 maybe now you are one of the richest people, but that is also impossible because at first when Bitcoin was introduced many people did not believe in Bitcoin and would not have thought Bitcoin would be like it is today.Both of these investments, both BTC and Gold, must be included in our current portfolio because both have their own advantages and have their own characteristics for the future. However, if you want to quickly get a lot of profit in the long term, BTC is the best choice but you must be prepared for the risk because its fluctuating price can give you a heart attack. However, if you want to be safe, you can choose gold, because gold has been tested for thousands of years, and gold can also be processed into jewelry, currency, electronics, and so on. The choice is yours, but what is certain is that if you ask on this forum, people will definitely advise you to invest in BTC. Title: Re: Bitcoin or Gold Post by: Frankolala on August 13, 2024, 04:51:42 PM Whether you invest in either gold or bitcoin, your holdings will dictate your profits. If you plan to invest Bitcoin in the right market in the right conditions and hold it for a long time then I can definitely say that you will be more profitable than gold. On the other hand, if you do not have the courage to plan for long-term holding, then you can invest in gold without taking risk, in this case you will be completely risk free and give 100% guarantee of getting a steady profit in the future. Both of them are good for either the long or short term and you're right that someone's plan will determine how profitable they will be. There are a lot of these comparisons in charts about someone's asset in Bitcoin and gold and which is more profitable. Of course, those OGs of gold investing have been profitable all of their lives since it's been the medium of exchange since ancient times. But come near and look at how Bitcoin has revolutionized it and how it has shown to the world that volatility shouldn't be scary to take along with risks that it has.Bitcoin is easy to invest in by everyone both the rich and the poor because you can buy as little as @$10 every week from your discretionary income for a long term to increase the amount of bitcoin you have. Bitcoin is new and the fast rate of growth is something that makes it worth investing in more than gold because if bitcoin gives you the opportunity to control your wealth yourself without a third-party. Gold is good but I prefer bitcoin because it gives big profits than gold and no one will know if you have bitcoin without you telling them making your wealth a secret. A modern asset like bitcoin is good because of its great potential. Title: Re: Bitcoin or Gold Post by: Minor Miner on August 14, 2024, 02:02:10 PM Bitcoin is easy to invest in by everyone both the rich and the poor because you can buy as little as @$10 every week from your discretionary income for a long term to increase the amount of bitcoin you have. Bitcoin is new and the fast rate of growth is something that makes it worth investing in more than gold because if bitcoin gives you the opportunity to control your wealth yourself without a third-party. Anyone can invest in bitcoin with the smallest amount of capital they have, but the barrier when investing in bitcoin is that not everyone knows how to buy and store it themselves. Some basic knowledge is required to get started with bitcoin, and that's a barrier for people of a generation like our parents or grandparents. Meanwhile, investing in gold is easier for them. Gold is good but I prefer bitcoin because it gives big profits than gold and no one will know if you have bitcoin without you telling them making your wealth a secret. A modern asset like bitcoin is good because of its great potential. I believe that up to 99% of us choose bitcoin because its returns are superior to gold, but we also need to remember that the higher the returns, the higher the risks. Bitcoin is not as safe as we think, besides volatility, legality and liquidity are issues that cannot be compared to gold. In general, both are good but there will still be advantages and disadvantages, and it will depend on each person's preferences to make the appropriate choice. Title: Re: Bitcoin or Gold Post by: RTX-G53 on August 14, 2024, 03:49:31 PM The type of investment you mentioned, gold and bitcoin have their own advantages. Generally gold is considered a safe haven but especially in times of economic uncertainty. And since such precious metal has been permanent for a long time, familiarity and it is accompanied in the form of gold coins and jewellery.
On the other hand, Bitcoin is also a very historical currency and people in almost every region know about this Bitcoiner. We all know how profitable Bitcoin is. But there are many investors who held it long ago and will do well today. If you want to invest in bitcoins, you need to know the basics such as how to buy and store bitcoins, and how to manage them. In this case, you should invest with a well planned and monitor the market changes. However, this also comes with high risk so you should research well before investing. There may also be safer investment options like gold that provide long-term protection. Title: Re: Bitcoin or Gold Post by: Renampun on August 14, 2024, 04:29:00 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D maybe gold can give us a more stable investment, but I trust bitcoin more for my long-term investment. It's simple, bitcoin has a better potential for price increase compared to gold, people can also invest in bitcoin more controlled, and you can do DCA on bitcoin without any hassle. Title: Re: Bitcoin or Gold Post by: AYOBA on August 14, 2024, 08:34:23 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D The both the Bitcoin and the Gold investments everyone has his own advantage, but the only things that is there is that people said that what have advantages also have the disadvantages, so the Bitcoins investment has been becoming a popularity that everyone knows about unlike the Gold that is only fews of people that knows about it. For me I will not give anyone one advice to invest in Gold how rather recommended him a Bitcoins to h to begin his investment, especially newbies that never know how does the Gold investment operates.Title: Re: Bitcoin or Gold Post by: MainIbem on August 15, 2024, 03:16:16 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D The both the Bitcoin and the Gold investments everyone has his own advantage, but the only things that is there is that people said that what have advantages also have the disadvantages, so the Bitcoins investment has been becoming a popularity that everyone knows about unlike the Gold that is only fews of people that knows about it. For me I will not give anyone one advice to invest in Gold how rather recommended him a Bitcoins to h to begin his investment, especially newbies that never know how does the Gold investment operates.Title: Re: Bitcoin or Gold Post by: laijsica on August 15, 2024, 05:58:11 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D The both the Bitcoin and the Gold investments everyone has his own advantage, but the only things that is there is that people said that what have advantages also have the disadvantages, so the Bitcoins investment has been becoming a popularity that everyone knows about unlike the Gold that is only fews of people that knows about it. For me I will not give anyone one advice to invest in Gold how rather recommended him a Bitcoins to h to begin his investment, especially newbies that never know how does the Gold investment operates.Title: Re: Bitcoin or Gold Post by: JayJuanGee on August 17, 2024, 04:52:22 AM I just finished reading through this thread, and I am not exactly sure where to start since surely as several members already mentioned, the bitcoin versus gold question has gone through several threads, and frequently ends up getting thrown into almost any thread in which the measuring of bitcoin's value versus price performance versus inevitability might be called into question.
Surely members here are going to be biased towards bitcoin, yet I was still surprised that there were so many members seeming to not really seeming to know the difference between bitcoin and gold sufficiently enough to articulate why the question of bitcoin versus gold is not merely some kind of a toss up in terms of advantages/disadvantages of each, even though surely we could assess almost any comparative investment in that kind of a way to suggest advantages/disadvantages of each. So maybe a starting assessment might amount to what would be the purpose of investing into bitcoin as compared with gold, if there might be some question about whether bitcoin might be a hedge against dollar/fiat - based systems, so a kind of sound money, yet we should also be able to appreciate that largely bitcoin has been eating gold's lunch in the past 15-ish years, even though bitcoin really did not get much of any kind of a price discovery until it first having a price around 14 years ago. So surely in some sense bitcoin has a bit of an unfair advantage over gold in the price discovery department since bitcoin happens to be so early in its adoption levels, so yeah, as some other members mentioned gold has had thousands of years of adoption, and bitcoin maybe only has around 1% of the world's adoption, even though maybe there is a question regarding the extent to which the whole of the world's population will end up adopting gold in one way or another, so even indirect involvement in bitcoin could end up affecting various monetary systems, yet there are also some technological barriers to adoption too, whether bitcoin is being used directly by people or if bitcoin might be merely bing used in certain ways behind various financial systems that come into being in the coming years. Some members in this thread have mentioned gold's market cap being in the ballpark of $16 trillion and bitcoin's market cap being in the ballpark of $1.1 trillion which truly shows that bitcoin is currently priced at around 1/15th the size of gold...and if we look at various macro value systems (such as in what kinds of assets/currencies/monetary instruments value is currently stored in the world), we may well be able to appreciate that bitcoin's actual value is likely around 1,000x or greater than gold in terms of various monetary properties that had also been mentioned in this thread, which are verifiability, recognizability, durability, divisibility, scarcity, transportability, fungibility and perhaps even things like costs of storage and/or security and there may well be . Whether bitcoin's price has to go up or gold's price has to come down in order to meet relative expected future fair values could take 50-200 years to work out the reaching of these fair values, so in the meantime, it seem that bitcoin is going to continue to eat gold's lunch unless some of the value assessment in regards to bitcoin's comparative value might be mistakenly measured. Think about the whole matter in terms of where the total of the world's monetary value is currently being held in currencies, assets, properties, stocks, bonds, commodities, derivative products, art and collectables, and surely some of the representations of value is efficient and effectively representing value, but frequently these days a lot of premium value is held in a lot of items based on debasement of money and various kinds of debt instruments and debt relationships. Gold has not historically backed the extra premium values of where value is held based on various aspects of gold's own inefficiencies, including the cumbersome nature of it's physicality, so even if we might not agree upon bitcoin's ability to back the various premium values in terms of bitcoin being a more efficient store of value, there still might be some agreement that bitcoin might be able to continue to absorb some of that value - in regards to Gresham law type principles, and even if it might not reach 1,000x gold's market cap, we might be able to agree that bitcoin is likely worth more than 1/15th of gold's market cap, and if you cannot agree, then you have a right to put your value wherever you like, even if bitcoin continues to take that value away from gold since more and more people are recognizing bitcoin as amongst the best places to hold value, if not the best currently available. The Bitcoin vs Gold debate is more like the Ronaldo vs Messi one. It has enthusiastic fanatics on both sides, so at the end of the day, you just follow your gut. You are going to have fun staying poor if you believe that the debate between bitcoin's value versus gold's value is that much of a coin toss. Yeah, sure there are folks in each camp, but that does not mean that the gold farts are actually understanding bitcoin well enough in order to understand and appreciate how gold has been taking market share from gold and likely going to continue to do so, since bitcoin is ultimately so much better than gold, but it still takes a while for value to continue to flow into bitcoin. If you are purely into investment and look at the price growth of Bitcoin from its inception vs Gold in the same period. It's quite clear the Bitcoin beats Gold. You can look up the charts on TradingView Yes. You recognize the trend, which is likely going to continue, even though of course, no guarantees.. I would like you to also watch this 12-minute short video on Twitter. It gives you an insight on how money has evolved and on why Bitcoin might still have a brighter future lying ahead - https://x.com/goyimgrant/status/1703568465758441934 Nice short and fairly basic video, though it still might be too basic in terms of capturing some of the monetary dynamics that are currently going on between bitcoin and gold.. This isn`t financial advice, just something to consider for the more Liquid parts of a portfolio, why not do both? like 60% BTC 30% cash (cash is also a position) and 10% Gold (I prefer Silver). Just juggle the numbers around a bit to suit your own risk tollerance. Of course, anyone starting to invest, might ONLY start out with cash and then add one investment at a time, so then there can be a question when it becomes necessary to diversify beyond just one investment, for example starting out with bitcoin and cash. So if a person starts out with bitcoin and cash, then it could take a few years before the bitcoin investment might start to add up to something that is necessary to diversify beyond the two starting assets... and so the cash component would usually also include various kinds of back up funds such as an emergency fund, reserves and float, and so the back up funds and the bitcoin investment size could grow at the same time, even to have 3-6 months of expenses that are in the backup funds and an equivalent amount in bitcoin. If a guy is building up these funds at only 10% of his income, it could take 5-10 years just to reach the above described levels. Of course if someone is coming into bitcoin and they already have savings and backup funds, and other investments, then they are starting from a different (and more advanced place), but I doubt that it is even accurate to presume very many folks to already have good investment practices (and cashflow management practices) prior to coming to bitcoin, so it seems a bit presumptuous also to presume that anyone needs to start out their investment in a diversified way unless they already have investments, then by definition they are more diversified than the normal beginner investor.. and I am more likely to presume that and overwhelming majority of folks are under invested and under savings rather than presuming that they are starting with much of anything. If you are not starting with anything, then there is no need to start with both bitcoin and gold, yet if you are starting with something then what you already have might affect whether you might be ready to add both gold and bitcoin, and surely if you are ONLY able to add one, then why be fucking around with shitty ass and inferior gold unless you have some already existing investment into it or knowledge about it, and even then, it seems like a dumb place to invest as compared to bitcoin... but yeah, if you cannot resist investing into gold, then you would have to figure out your allocation.. probably no more than 5% the size of your bitcoin, but hey whatever guys can do what they like, if they believe that there might be some justification to invest much if anything into gold. These are all different asset classes and the wise thing to do is to keep all types of assets classes in your folio and give them weightage as per your choice. Traditional assets, precious metals, bonds, crypto can all be part of it. Dont go all in on one of them. I don't see why there is any need to invest into anything beyond just bitcoin and cash when first starting out , and it could take a few years before your investment portfolio is big enough to start to add other assets. Traditional assets of differing classes would usually be described as stocks, bonds, properties, commodities and cash/cash equivalents. It would also be dumb to include crypto into any supposed attempt to diversify assets - unless you limited any crypto to less than 10% of the size of your bitcoin holdings, and perhaps only after you built the bitcoin portion.. but crypto and shitcoins are already correlated to bitcoin, so there is no use diversifying into them, unless you are a gambler and you cannot resist gambling and so you want some gambling fix. I still don't see why there would be any presumption to diversify, unless you are already starting out with various assets in your investment portfolio, and if that is the case, the size of your bitcoin position would first be developed in accordance with whatever other assets that you have in your investment portfolio and of course, in accordance with your 9 individual factors (https://bitcointalk.org/index.php?topic=5376945.msg58719590#msg58719590), which is the case that you need to account for your 9 individual factors no matter if you are a beginner investor or if you already have some investments/savings. Gold has managed to deliver approximate 30 percent adjusted returns over the past decade, which is just 2 percent on an annualized basis. Which largely means that gold has barely even kept up with inflation (or the debasement of the dollar), and yeah in the future gold might do better, but I have my doubts. Even if we were to strike bitcoin's first few years as being unfair and maybe start out with bitcoin at $1,000-ish (either starting in 2013 or maybe we could start from late 2016/early 2017 when bitcoin was around $1,000, so then we see that bitcoin has gotten right around a 60x price appreciation during that time. The future is not known, yet there is no real evidence that the strength of bitcoin's investment thesis is getting any weaker against gold in the past 7-11 years, and surely the evidence seems to be getting stronger, including if we consider the ongoing building of bitcoin's various network effects (as outlined by Trace Mayer (https://nakamotoinstitute.org/mempool/the-seven-network-effects-of-bitcoin/) - specifically looking at increasing financialization through ETF spot products, and I am not even claiming that the ETF spot products are not attempting to manipulate Bitcoin in the process of their ways of holding bitcoin and/or the extent to which they maintain enough of a backing of whatever BTC they are supposedly representing by the ETF shares that they issue). If I had to choose only 1 of the 2, I would also choose bitcoin because it offers more essential use cases for me and offers much better returns than gold. Between gold and bitcoin, I think bitcoin is much better for my needs but I don't think it's a bad idea for someone to choose gold and it depends on their needs. That seems like a silly proposition to suggest that you would have to choose one or another, even though even if there is a choice, I see little to no reason to own any gold, especially since bitcoin serves the same role.. and yeah, I suppose if push comes to shove, then maybe there might be some value in keeping some gold coins in case of an Armageddon.. but even that seems a bit silly.. but there are folks who are preppers who are preparing for Armageddon scenarios, so a bit of gold might fit in that... but still would not justify more than a few percentage points the size of the bitcoin holdings, since any of our preparations should not go beyond the likelihood of such a thing happening.. maybe 1% odds, and yeah after March2020, maybe the odds have gone up, but are the odds of Armageddon greater than 10% even from the greatest of doomer/gloomers?. .. But what evidence do you have that gold mining is getting easier and what evidence does gold no longer have to be scarce? Because just looking at gold's chart, it's not growing as fast as bitcoin but it's clearly still growing steadily every year, which shows that demand is still higher than supply. Furthermore, gold is used in many different industries, not just as a storage asset, so I don't think there will be an oversupply of gold as you said. According to some news I know, there is not even enough gold for the Chinese and Russian governments to buy, and the US is the country that holds the most gold in the world. Why don't they compete to buy bitcoin but instead compete to buy and store gold? https://www.businesstimes.com.sg/international/chinas-central-bank-adds-more-gold-its-reserves-april https://www.talkimg.com/images/2024/06/30/oUwcm.png Surely in recent times, nations are likely increasingly considering the possibility of adding bitcoin to their various kinds of reserves, and the fact that they are hesitant likely shows how early we continue to be in how bitcoin factors into political consciousness, even though so many folks are getting surprised about how much it had been raised in some of the latest of political talking points even from presidential candidates. Bitcoin is still very young. How many people truly understand what Bitcoin is? Bitcoin is still very young because it is now in a perfect position compared to gold. Whether you know it or not, this Bitcoin investment is increasing day by day. Primarily, the youth are investing more here. The mindset of the youth has become such that they will continue to invest even if they have something. With day-by-day interest in technology, youngsters are getting more and more addicted to Bitcoin and will be more in future.Probably even 80% of the people on this forum can't understand Bitcoin, and some have been in the space for years. Bitcoin is a complete paradigm shift, and it will take time for people to grasp what it is. On the other hand, you said that 80% of people in this forum don't understand anything about Bitcoin. I couldn't agree with this because people who come to this forum are new, but after coming here, they get a good idea about Bitcoin. If they need help understanding, they ask questions in the Bitcoin discussion from here. Others explain them by giving good answers, and here you say 80% of people in the forum need help understanding Bitcoin. Most people in this forum know about Bitcoin.As I mentioned earlier, harder forms of money always win everyone wants hard money. no one wants to lose. Eventually, everyone will own Bitcoin and will acquire it at the price they deserve. Yes, but it is true that it will take a lot of time to learn about Bitcoin. It is not possible to learn about Bitcoin in such a short time. It needs a lot of analysis and research. Still, I don't know if he will know fully, but he will understand if he can do it with time.Even though you are quibbling with BitGoba in regards to how widespread bitcoin knowledge is, there is probably quite a bit of truth that even a lot of members of this forum are pretty weakly informed about bitcoin besides considering bitcoin as a kind of number go up technology or that bitcoin is somehow related to crypto (one of the various crypto options), so yeah, it could well be part of the reason that the world's population is probably ONLY around 1% invested into bitcoin, and perhaps even less or unwittingly not realizing that they are way under invested into bitcoin, and so it is likely still going to take awhile for bitcoin to get into the consciousnesses of people in terms of its power and paradigm shifting dynamics in the way that value is stored, transmitted and empowering to individuals to hold value and information in bitcoin in self-sovereign ways that are ongoingly under attack too by various government and financial institutions that don't want people to be able to hold their own bitcoin and to be able directly transact with it. A lot more obstacles in terms of transacting value directly between individuals using gold as compared with bitcoin.. but still bitcoin systems are in the process of ongoingly being worked upon and even attacked. [edited out] I agree with you about the first advantage you point out and that would make bitcoin more accessible to people than any other investment. But I think bitcoin's volatility can also be an advantage and it can also be a disadvantage, and it depends on each person's preferences. Because there are many people who do not invest in bitcoin because they are scared and feel insecure about bitcoin's volatility, not everyone enjoys the roller coaster ride like we do. Volatility is generally in the upwards direction with bitcoin, so yeah there could be folks who are not able to figure out a way to invest into bitcoin for 4-10 years or longer., so they get caught up upon short term thinking about bitcoin rather than figuring out a way to invest a reasonable amount that is based on their discretionary income.. and yeah another problem is that people are not used to investing or figuring out ways to make sure that they have actual discretionary income that they can invest for 4-10 years or longer. There have been many comparisons between gold and bitcoin to find out which investment asset is the best but in my opinion, both are good and have different pros and cons. Which asset is better depends on each person's preferences and we cannot impose our thoughts on others. They might both have pros and cons, but it would be stupid to try to act like gold is even close to being equal to bitcoin in terms of the strength of their respective investment theses, but hey whatever, you do what you like if you want to believe that the comparison between bitcoin and gold is more or less a coin toss. Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D If you are afraid, why not divide the money and do it half-half. Diversification of investment is the best thing, Gold might be less attractive with profits but Bitcoin isn't perfect too especially when you buy it at the top, you will need to wait for years probably in another cycle before you can exit or break even on your investment and if the market is bullish, you can then make more profits by power virtual of holding but you never can tell what Gold might turn later.That sounds really dumb to me, to just put half into each... but I suppose if you don't know what you are investing into, then you may well end up making those kinds of seemingly ill-thought-out decisions. Another thing you should know is that Bitcoin really need to make $120k before you will make 2x of your investment. Bitcoin might also be slow like Gold who knows unless you have a huge investment to make. I mean you will only make $100 on your $100 dollar investment by the time Bitcoin achieve $120k, $1k for $1k investment, $10k for $10k investment, hope you understand my points. You are thinking that bitcoin's current market value limits its upside potential and potentially considering that gold might have similar kinds of odds as bitcoin in terms of going up in price based on a seemingly bias towards unit values of bitcoin $60k sounds a lot to you so then $120k sounds like a lot too. You seem a bit lost, and you might need to consider bitcoin in terms of market cap rather than getting caught up in regards to its unit value. Perhaps you also might be helped by considering bitcoin in terms of satoshis rather than bitcoin.. but hey whatever, you are not the first person who thought that bitcoin's upside potential was limited, and the same kinds of talking points were made during the 2015/2016 period when there were thoughts about $1k to $5k being bitcoin's upper-side price potentials. I am not really wanting to try to persuade you if you cannot see it, but if we think about bitcoin as having about a $1.1 trillion market cap, then we can consider how large of a market cap it might get easily and how much of a market cap might be difficult for it to achieve. Another issue with bitcoin is that it likely has way less actual bitcoin than what is represented by the market cap due to the lost coins, but at the same time, we likely continue to have a decent amount of ongoing shenanigans with third party custodians claiming to have more coins that they do (and that is very risky for those 3rd party custodians if they get caught in that kind of a situation). Value is likely held in around $900 trillion worth of various instruments, currencies, properties, assets, bonds, derivatives, or maybe even close to $1 quadrillion in today's dollars.. and so then my own number only brings us 900x to 1,000x of today's prices.. but bitcoin is likely contributing to the creation of more value too, just like other paradigm shifting dynamics in the world increased the possible value in the world that came from improved transportation, electricity, gun powder, steel, and other paradigm shifting inventions/discoveries. Bitcoin seems to be one of those paradigm-shifting inventions/discoveries... but hey whatever, if you believe that it is going to be difficult for bitcoin to double in price/market cap, then that's on you. Bitcoin is the best investment if you have to invest at this time because Bitcoin is going dip now. But I think that for some time bitcoin is best, people get little benefit by investing in gold. But Bitcoin is the best to get more profit, but if you invest now in this dip market then you can get one to two times profit in just few days. Between bitcoin and gold I will choose bitcoin because if you invest in bitcoin at the right time and wait you can get multiple profit. But I don't have much idea about how much profit you can get by investing in gold so I favor bitcoin to invest. But If someone thinks to invest in Bitcoin for a short period of time, it can be a big fool for him. To invest in gold, we need to think a lot before investing. Because investing in gold cannot be sold at any time and there are many difficulties. I think there may be. If we invest in Bitcoin, we can sell at any time and enjoy many benefits.But if you want to earn long term by investing in gold then it will never be possible, because it is possible to get more benefits by investing in Bitcoin only. Sure. Ways to get in and out of an investment would be important, so if someone is already used to investing in gold, then he knows where he can buy it and sell it, but even the verification process for gold seems problematic in the event that any of us might be wanting to deal with physical gold, and even if we have one or two places that we can buy/sell gold in person, if those places don't want to deal with you during a time that you would like to buy/sell your gold, then it seems difficult to help folks into becoming comfortable transacting in gold. Bitcoin seems easier to get in and out of it, even though surely there are many of us in bitcoin who would like to have more face to face options to transact, yet also part of the tax treatment of bitcoin can cause some disincentives to transact but also the number go up technology will sometimes cause some folks to not want to sell, even though there might be some folks willing to receive bitcoin, but more devopment will also help in bitcoin in terms of potentially having more folks willing to transact in bitcoin, yet I suspect that many places are no where to even close to as open about being able to transact in bitcoin as El Salvador, so it could take quite a bit of time for less hostility to develop.. so there could be questions about those abilities to get in and out of bitcoin and how much KYC might also be involved when bitcoin does not natively require any KYC beyond just having compatible onchain wallets or perhaps compatible lighting wallets. ~snip I am with you halfway, and as things unfold between Bitcoin and Gold, I think it's no longer appropriate to be using some certainty remarks because no one knows what will happen. In the next 10 years, what if Bitcoin is still at $65,000, what would you do? I think it's time we accept the reality of the crypto market. Now that Bitcoin is in the mainstream of the financial market where institutions have a sizable holding, it will behave more like a sane market unlike the old times when it could be moving more than 20 times in just 2 years, those movements are crazy, they are no more feasible.Bitcoin is not yet the main trend of the financial market, how can an asset with a small capitalization and not yet adopted worldwide become the main trend of the world financial market? At least market cap is the more appropriate measurement, and surely it could take some time for more and more normies to begin to recognize and appreciate bitcoin as the superior place to put value, so in accordance with Gresham's law, more and more value will continue to flow into bitcoin, as compared to other kinds of currencies and/or other kinds of assets. So you might be correct that more value has to flow into bitcoin to contribute towards bitcoin becoming more and more recognized, yet we already have institutions and/or governments putting $100s of millions into bitcoin or taking out $100s of millions from bitcoin, sometimes on a daily basis, so there is ability to move large chunks of value in and out of bitcoin in short term ways and still not move the BTC price very much - not that we always know which buys and/or which sells are contributing towards BTC price moves and while at the same time, sometimes witnessing a large variety of theories in terms of who might be buying and/or who might be selling. Title: Re: Bitcoin or Gold Post by: cryptoWODL on August 17, 2024, 05:59:47 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D The both the Bitcoin and the Gold investments everyone has his own advantage, but the only things that is there is that people said that what have advantages also have the disadvantages, so the Bitcoins investment has been becoming a popularity that everyone knows about unlike the Gold that is only fews of people that knows about it. For me I will not give anyone one advice to invest in Gold how rather recommended him a Bitcoins to h to begin his investment, especially newbies that never know how does the Gold investment operates.I would give Bitcoin the highest priority when it comes to investing in these two assets. Because I am as familiar with the Bitcoin market as I am not familiar with the gold market, I have been able to gain a fair amount of experience with Bitcoin investing which makes it easier for me to invest in Bitcoin. As Bitcoin has risen steadily since its creation even hit all-time highs in history, perhaps it hasn't risen so high since the creation of gold. If we invest in Bitcoin as planned and hold it for a long time, it may give us more returns than gold. Title: Re: Bitcoin or Gold Post by: iBaba on August 17, 2024, 08:36:42 AM Whether you invest in either gold or bitcoin, your holdings will dictate your profits. If you plan to invest Bitcoin in the right market in the right conditions and hold it for a long time then I can definitely say that you will be more profitable than gold. On the other hand, if you do not have the courage to plan for long-term holding, then you can invest in gold without taking risk, in this case you will be completely risk free and give 100% guarantee of getting a steady profit in the future. Bitcoin can be more profitable than gold in terms of the uptrend of the cryptocurrency market, bitcoin can be more profitable but I think that is more likely to happen with longer trades than short trades because unlike altcoins, bitcoin doesn't experience skyrocketed increase in worth and I think bitcoin is even more stable than some of those altcoins. But when it comes to investing in gold, it doesn't depreciate in value like that and is more stable and guaranteed for pretty much lower risk takers to the bitcoin investments. Title: Re: Bitcoin or Gold Post by: fuguebtc on August 17, 2024, 09:49:22 AM Heard many debates about Bitcoin and gold for investment. Many people think that gold is the best investment, while many people think that Bitcoin is the best investment. Everyone is right based on their own opinion. The price of gold does not fluctuate in the same way that the price of Bitcoin fluctuates i.e. is volatile. To be fair, gold or bitcoin are both potential investments and can bring profits. And profits will come from our knowledge and skills, not their decisions, so choosing gold or bitcoin is each person's choice because each person has their own strengths. I would give Bitcoin the highest priority when it comes to investing in these two assets. Because I am as familiar with the Bitcoin market as I am not familiar with the gold market, I have been able to gain a fair amount of experience with Bitcoin investing which makes it easier for me to invest in Bitcoin. As Bitcoin has risen steadily since its creation even hit all-time highs in history, perhaps it hasn't risen so high since the creation of gold. If we invest in Bitcoin as planned and hold it for a long time, it may give us more returns than gold. Investing in gold will be easier than investing in bitcoin if you learn about it. You find it difficult to invest in gold because you have never learned about it, just like many people say that investing in bitcoin is very complicated. Simply because they have never tried it and have experience with it, but if they take the time to try it, they will also realize that investing in bitcoin is not as difficult as they think. Frankly, the reason we chose bitcoin is for profit. I believe that no one hates making a lot of money so in every debate about bitcoin and gold, most will choose bitcoin because its profits are more significant than what gold gives us. Title: Re: Bitcoin or Gold Post by: C10H15N on August 17, 2024, 10:24:15 AM ... and gold just hit an all time high of $2500.99 an ounce. 😋
Title: Re: Bitcoin or Gold Post by: red4slash on August 17, 2024, 03:30:34 PM Heard many debates about Bitcoin and gold for investment. Many people think that gold is the best investment, while many people think that Bitcoin is the best investment. Everyone is right based on their own opinion. The price of gold does not fluctuate in the same way that the price of Bitcoin fluctuates i.e. is volatile. To be fair, gold or bitcoin are both potential investments and can bring profits. And profits will come from our knowledge and skills, not their decisions, so choosing gold or bitcoin is each person's choice because each person has their own strengths. When we are in the gold community then surely they will consider gold better than bitcoin because of the advantages that gold provides and vice versa when we are in the bitcoin community then surely bitcoin will be the first choice with all the uniqueness and advantages that bitcoin has because consciously or not at this time bitcoin and gold have their own uniqueness so it is quite natural if both are still an option. In this case I think the choice depends on ourselves now because seeing from its existence it is certain that they (bitcoin and gold) are a good thing so make our own choices and that does not mean when we choose one of bitcoin and gold we can consider the one that is not our choice is bad because the concept is not like that. Title: Re: Bitcoin or Gold Post by: Mr.sprin on August 17, 2024, 04:03:42 PM It's not about fairness or anything because whether it's bitcoin or gold, both are good aspects to invest in since they can provide good returns and it's undeniable that until now bitcoin and gold have their own markets. That's right, bro, both are profitable investments, so no one has a problem choosing between the two, sometimes there are those who prefer investing in gold because when they buy and collect it, they can wear it as body jewelry, and they can also lend the gold. those are relatives who need it, because most ordinary people prefer objects that they can see with the naked eye and in the form of jewelry, if bitcoin is for those who rely on digital technology, however both are equally good for us to invest, when we have a lot of savings we can We use it to invest partly in Bitcoin and partly in gold, so that our investment in Bitcoin and gold is equal, because we won't lose if we invest in both.When we are in the gold community then surely they will consider gold better than bitcoin because of the advantages that gold provides and vice versa when we are in the bitcoin community then surely bitcoin will be the first choice with all the uniqueness and advantages that bitcoin has because consciously or not at this time bitcoin and gold have their own uniqueness so it is quite natural if both are still an option. In this case I think the choice depends on ourselves now because seeing from its existence it is certain that they (bitcoin and gold) are a good thing so make our own choices and that does not mean when we choose one of bitcoin and gold we can consider the one that is not our choice is bad because the concept is not like that. Title: Re: Bitcoin or Gold Post by: Albarq on August 17, 2024, 11:09:17 PM Of all the investments we make, investors are interested in ensuring their losses are minimal by holding a portion of your portfolio in precious metals. This provides protection against losses that stocks can experience during a trend, and it is still effective today, and is used as a long-term investment.
Title: Re: Bitcoin or Gold Post by: CK485 on August 17, 2024, 11:42:41 PM Heard many debates about Bitcoin and gold for investment. Many people think that gold is the best investment, while many people think that Bitcoin is the best investment. Everyone is right based on their own opinion. The price of gold does not fluctuate in the same way that the price of Bitcoin fluctuates i.e. is volatile. To be fair, gold or bitcoin are both potential investments and can bring profits. And profits will come from our knowledge and skills, not their decisions, so choosing gold or bitcoin is each person's choice because each person has their own strengths. It seems that we judge it wisely between bitcoin or gold with their respective advantages, it all depends on people to choose the investment itself and they also think about the advantages and disadvantages they will get, which investment is better depends on your risk tolerance to assess more carefully, depending on the purpose of the investment strategy, which you apply, with the amount of capital that you can handle the loss, taking into account the amount of utility you will get, the better depending on the market and type of asset, for investment purposes and deciding on all that. Title: Re: Bitcoin or Gold Post by: kro55 on August 18, 2024, 04:35:25 AM ... because we won't lose if we invest in both. Any investment that can make a profit can also cause us to lose money. While both are considered potentially profitable investments, don't be naive and think that they won't lose you money. As fuguebtc also said, profit or loss will depend on our knowledge and strategy and not decided by the market. If you have no knowledge or come up with a bad strategy, you will suffer serious losses even if bitcoin has great growth potential. Both are financial markets and the market is like a battlefield where there will be winners and losers. If you don't have a better strategy than others, you will become liquidity for others and vice versa. Title: Re: Bitcoin or Gold Post by: DrBeer on August 18, 2024, 08:47:49 AM And why the choice is either gold or bitcoin ?
Both assets have their advantages and disadvantages, so they both have the right to be in your “multi-currency investment basket”. Gold is a fairly guaranteed future with low volatility and stable price growth. Bitcoin - high volatility, strong speculative movement, a good investment for a long period of time waiting for the next pump and the subsequent scheme “sold at the top, bought back at the bottom”. And part of the profit from this can be invested in gold again Title: Re: Bitcoin or Gold Post by: Tigerheart3026 on August 18, 2024, 03:56:11 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Whether you invest in either gold or bitcoin, your holdings will dictate your profits. If you plan to invest Bitcoin in the right market in the right conditions and hold it for a long time then I can definitely say that you will be more profitable than gold. On the other hand, if you do not have the courage to plan for long-term holding, then you can invest in gold without taking risk, in this case you will be completely risk free and give 100% guarantee of getting a steady profit in the future.who seeking without risk guaranteed profits they can choose gold investment, it's stable market. i am familiar with bitcoin investment. Title: Re: Bitcoin or Gold Post by: slapper on August 18, 2024, 04:08:24 PM And why the choice is either gold or bitcoin ? Hell yeah! Given you can have both, why choose one? The OG, the safe bet, the investing grandfather is gold. The wild kid, the highly risky, highly profitable is Bitcoin. Though we sometimes yearn for the rise, we really want stability. That is human nature. Gold helps you to feel calm. Bitcoin? That's your shot at the moonBoth assets have their advantages and disadvantages, so they both have the right to be in your “multi-currency investment basket”. Gold is a fairly guaranteed future with low volatility and stable price growth. Bitcoin - high volatility, strong speculative movement, a good investment for a long period of time waiting for the next pump and the subsequent scheme “sold at the top, bought back at the bottom”. And part of the profit from this can be invested in gold again Smart investors spread their eggs among several baskets. They diversify. They play the game and know how. The economy is continuously shifting. You need to be flexible. This relates to knowing the world, not only with regard to money. It's about knowing your self. It's about surfing the wave and welcome chaos Title: Re: Bitcoin or Gold Post by: G_Besar on August 19, 2024, 07:47:40 AM Of all the investments we make, investors are interested in ensuring their losses are minimal by holding a portion of your portfolio in precious metals. This provides protection against losses that stocks can experience during a trend, and it is still effective today, and is used as a long-term investment. Precious metals can only save value to the extent of the amount of money you put in them because precious metals do not experience a large increase in price in the same year so that it is still considered suitable only for storing the value of the asset itself and not for expecting more profits in the long term. Because if you want to get more profit with a long-term duration, of course the best choice must still be directed to Bitcoin, not others even though there is a little risk that you need to understand when every money you change into Bitcoin for future investment purposes.right, investing in bitcoin is not for everyone, risk takers can invest in cryptocurrency to get high profits, if it's high volatile so profit also can be high, What you said is quite true because gold can still guarantee its price stability in the market even though sometimes there is a slight correction in a fairly small amount. As for Bitcoin, this is an option for people who have the mentality and also have more money in achieving higher profits because they also have to be prepared to face a very high level of price correction in Bitcoin when there are bad moments that can affect the Bitcoin market itself. And for now I am also quite familiar with both (Gold and Bitcoin).who seeking without risk guaranteed profits they can choose gold investment, it's stable market. i am familiar with bitcoin investment. Title: Re: Bitcoin or Gold Post by: ultrloa on August 19, 2024, 08:46:22 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Whether you invest in either gold or bitcoin, your holdings will dictate your profits. If you plan to invest Bitcoin in the right market in the right conditions and hold it for a long time then I can definitely say that you will be more profitable than gold. On the other hand, if you do not have the courage to plan for long-term holding, then you can invest in gold without taking risk, in this case you will be completely risk free and give 100% guarantee of getting a steady profit in the future.who seeking without risk guaranteed profits they can choose gold investment, it's stable market. i am familiar with bitcoin investment. Not for everyone to the extent that some people can't understand that its normal for us to deal with a risk is we talk about investment. Also people always go with something could able to give them an assurance and those people doesn't know about bitcoin will just think about that this asset is risky since they only know bitcoin as volatile asset or coin used by scammer but they don't really know its use and how to deal to take advantage then gain from it. That's why lots of people who doesn't know about bitcoin would choose gold in this option since provably they know that this precious metal is reliable and been tested since they can surely gain something especially that value is appreciating over the time. For us who know bitcoin we are lucky to have two option and we can choose both asset to invest since we will have some great things to have especially if price of those two asset rise in future and for sure we can get most of it especially if we take action and not just talk about that both is good to accumulate. Title: Re: Bitcoin or Gold Post by: imamusma on August 19, 2024, 02:27:10 PM right, investing in bitcoin is not for everyone, risk takers can invest in cryptocurrency to get high profits, if it's high volatile so profit also can be high, who seeking without risk guaranteed profits they can choose gold investment, it's stable market. i am familiar with bitcoin investment. Not for everyone to the extent that some people can't understand that its normal for us to deal with a risk is we talk about investment. Also people always go with something could able to give them an assurance and those people doesn't know about bitcoin will just think about that this asset is risky since they only know bitcoin as volatile asset or coin used by scammer but they don't really know its use and how to deal to take advantage then gain from it. That's why lots of people who doesn't know about bitcoin would choose gold in this option since provably they know that this precious metal is reliable and been tested since they can surely gain something especially that value is appreciating over the time. For us who know bitcoin we are lucky to have two option and we can choose both asset to invest since we will have some great things to have especially if price of those two asset rise in future and for sure we can get most of it especially if we take action and not just talk about that both is good to accumulate. Title: Re: Bitcoin or Gold Post by: Casdinyard on August 19, 2024, 04:07:59 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D Why not both? I take you as someone with the capacity to further diversify their assets so you don't have to make the choice, nor do you have to focus your money on a single venture, especially if you're looking to really diversify your shit and invest on assets beyond the cryptocurrency world. I myself do that very thing, these days I match whatever I spent on crypto with a gold buy, and vice versa. I keep that ritual up to inspire me to become more well-rounded as an investor, and at the same time ensure that even when one of these ventures go down the shitbox, I still have the other to rely upon so I don't lose entirely. Gold's stable but is also consistent, as time goes by you can always expect gold to be increase in value, bitcoin's pretty much the same but the road to get there's a little more tumultous and rocky. Title: Re: Bitcoin or Gold Post by: FinePoine0 on August 20, 2024, 02:22:43 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D But currently the gold market is bearish and has been stable for a long time, and currently the Bitcoin market is bullish and is reliable. If you want to grow your portfolio then definitely get involved in Bitcoin investment, because you will get the most profit if you invest in Bitcoin. So currently it is a deep market if you invest during this period you can be more successful and hold for a long time. But if you invest in gold, you won't be able to get that much profit. Title: Re: Bitcoin or Gold Post by: jasonjm on August 20, 2024, 08:45:56 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. I would say both. Gold is an excellent store of value and BTC has high ROI. I think you should invest in BTC, make a profit, and store the profit amount in Gold. Over the years BTC's performance has been exceptional, but I am not expecting a sharp rise in the BTC price in future as the price has already gone up and the majority of the retail investors lacked many funds to invest in BTC (pump from $2k to $10k is easy, but a pump from $60k to $200k is highly unlikely). Title: Re: Bitcoin or Gold Post by: JayJuanGee on August 20, 2024, 08:35:45 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. I would say both. Gold is an excellent store of value and BTC has high ROI. I think you should invest in BTC, make a profit, and store the profit amount in Gold. Over the years BTC's performance has been exceptional, but I am not expecting a sharp rise in the BTC price in future as the price has already gone up and the majority of the retail investors lacked many funds to invest in BTC (pump from $2k to $10k is easy, but a pump from $60k to $200k is highly unlikely). You are going to have fun staying poor if you really believe that bitcoin is even close to its top, or that bitcoin is a mature asset, and it seems that you don't understand bitcoin very well.. which seems kind of strange, participating in a bitcoin forum and all of that.. and even a forum member for a year longer than me. You have all of these years exposed to bitcoin and you still don't understand it? Were you saying the same thing in 2015 (prior to the 2017 run-up) or in 2019 (prior to the 2021 run up)? You do realize that more and more capital is coming into bitcoin and from bigger players, too? I will agree with you that the degree of the pumps (in terms of percentages) are likely to continue to be smaller and smaller with the passage of time, yet surely $200k is not out of the question for this cycle, even though surely we are also not guaranteed to either get to $100k or even to go back to our current ATH of $73,794.. Yet at the same time, it is likely to have a certain amount of bitcoin so that you are prepared for the various upside scenarios that could play out.. that is called an upside asymmetric bet.... in which the most you can lose is 100% and yeah, you don't seem to agree with there being any decent probability of some of the various upside scenarios. Regarding several other guys sugesting that gold is any kind of meaningful place to hold value, that is likely questionable, surely many folks understand the demonetization of silver and the same is happening with gold, and where do you think that demonetized value is going? Sure it is going into various assets like properties and equities and even other commodities to some extent.. yet.. in terms of an efficient place to store value.. there should be some needs for any of you guys to recognize the value of bitcoin, including going beyond the mere pumpamentals even though pumpamentals are a part of bitcoin since it happens to still be in quite early adoption phases.. and yeah, sure it is possible that bitcoin might get petered out.. but anyone failing/refusing to sufficiently stock up on bitcoin is likely doing themselves more of a disservice than anyone else, and there is not even any need to go outrageous on your stocking/stacking of bitcoin. and you might choose anywhere between 5% and 25% of your investment portfolio in bitcoin and that might be sufficient.. Of course a brand new investor does not have an investment portfolio, so sure he might have to start out investing into bitcoin with just bitcoin and cash.. .. but yeah, there is hardly any need for gold.. unless you happen to live in a region where there is already a gold infrastructure.. yet even then, gold is not going to continue to survive or strive as a monetary instrument.. and bitcoin will continue to eat its lunch... choose your allocation level, and no one is going to rescue you if you choose wrong or you underallocate to bitcoin, including some of the short-sighted ideas as if it were a 50/50 allocation for bitcoin and gold when maybe 90/10 might be more in the ballpark and even that might be too large of a gold allocation relative to bitcoin. Title: Re: Bitcoin or Gold Post by: jasonjm on August 23, 2024, 07:08:43 AM You do realize that more and more capital is coming into bitcoin and from bigger players, too? I will agree with you that the degree of the pumps (in terms of percentages) are likely to continue to be smaller and smaller with the passage of time, yet surely $200k is not out of the question for this cycle, even though surely we are also not guaranteed to either get to $100k or even to go back to our current ATH of $73,794.. Yet at the same time, it is likely to have a certain amount of bitcoin so that you are prepared for the various upside scenarios that could play out.. that is called an upside asymmetric bet.... in which the most you can lose is 100% and yeah, you don't seem to agree with there being any decent probability of some of the various upside scenarios. With every passing day, more and more investments are coming into BTC and due to the involvement of the major institutions/ players BTC is solidifying its place further. I was implying that we might not see a sharp pump in the BTC because of the current price as we saw in the past cycles. I was saying that it is advisable to diversify your portfolio i.e., buying stocks, property, mobile assets etc. I am not saying that a person should sell all his Bitcoin at the pump and buy gold. With the devaluation of money and the threats of global recession, it is better to put your profit or savings in gold rather than $. So that you have something valuable for the rainy days. I agree that BTC is not a mature asset yet and will take a few years to reach that status as BTC is the future. Title: Re: Bitcoin or Gold Post by: laijsica on August 23, 2024, 01:52:23 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. I would say both. Gold is an excellent store of value and BTC has high ROI. I think you should invest in BTC, make a profit, and store the profit amount in Gold. Over the years BTC's performance has been exceptional, but I am not expecting a sharp rise in the BTC price in future as the price has already gone up and the majority of the retail investors lacked many funds to invest in BTC (pump from $2k to $10k is easy, but a pump from $60k to $200k is highly unlikely). Investing in Bitcoin can be the second highest investment you can make with regular deposits from disposable income every month and long-term regardless of value. Title: Re: Bitcoin or Gold Post by: JayJuanGee on August 23, 2024, 04:14:27 PM You do realize that more and more capital is coming into bitcoin and from bigger players, too? With every passing day, more and more investments are coming into BTC and due to the involvement of the major institutions/ players BTC is solidifying its place further.I will agree with you that the degree of the pumps (in terms of percentages) are likely to continue to be smaller and smaller with the passage of time, yet surely $200k is not out of the question for this cycle, even though surely we are also not guaranteed to either get to $100k or even to go back to our current ATH of $73,794.. Yet at the same time, it is likely to have a certain amount of bitcoin so that you are prepared for the various upside scenarios that could play out.. that is called an upside asymmetric bet.... in which the most you can lose is 100% and yeah, you don't seem to agree with there being any decent probability of some of the various upside scenarios. I was implying that we might not see a sharp pump in the BTC because of the current price as we saw in the past cycles. I was saying that it is advisable to diversify your portfolio i.e., buying stocks, property, mobile assets etc. I am not saying that a person should sell all his Bitcoin at the pump and buy gold. With the devaluation of money and the threats of global recession, it is better to put your profit or savings in gold rather than $. So that you have something valuable for the rainy days. I agree that BTC is not a mature asset yet and will take a few years to reach that status as BTC is the future. Of course, the emphasis is that since BTC is not even close to being a mature asset and also since BTC is right around 1,000x better than gold but ONLY 1/15th the price (market cap) of gold, then that means that bitcoin has a whole hell-of-a-lot of upside potential as compared to gold. Surely there are many folks who consider bitcoin and gold to serve similar purposes in regards to hedging against the irresponsible practices of various dollar/fiat based currency systems.... so in that regard, bitcoin is not ONLY a substitute to gold but a superior substitute to gold, and so there is hardly any reason to hold any gold apart from some potentially marginal use-cases and situations in which bitcoin would not cover such situation.. .. so perhaps within the whole sound money category somewhere in the ballpark of 95% bitcoin / 5% gold could be somewhat justifiable in terms of the sound money component of anyone's investment portfolio. I barely consider even 5% the size of the bitcoin holding to be kept in gold to be warranted, but 5% would not be unreasonable. As far as an overall investment portfolio, I see no problem that beginners might start with just bitcoin and cash, yet surely at some point if they might be diversifying or if they already come to bitcoin with an already diversified portfolio, then maybe their initial allocation into bitcoin might be somewhere between 5% and 25%, yet if bitcoin is outgrowing the other assets with the passage of time, I believe that there is not necessarily any need to reallocate bitcoin into other assets, and so there probably would not be any problem (and it may well be preferable) to just continue to let the winner (presumptively bitcoin) ride without engaging in any considerable amounts of reallocation into assets that perform less well such as properties, stocks, bonds, commodities and cash/cash equivalents. Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. I would say both. Gold is an excellent store of value and BTC has high ROI. I think you should invest in BTC, make a profit, and store the profit amount in Gold. Over the years BTC's performance has been exceptional, but I am not expecting a sharp rise in the BTC price in future as the price has already gone up and the majority of the retail investors lacked many funds to invest in BTC (pump from $2k to $10k is easy, but a pump from $60k to $200k is highly unlikely).Investing in Bitcoin can be the second highest investment you can make with regular deposits from disposable income every month and long-term regardless of value. Your statement that I bolded above is retarded. Gold is not growing relative to bitcoin, especially over the past 10-ish years.. Yeah, bitcoin has a bit of an unfair advantage because it is still a growing asset, but still there is no advantage and/or need to invest in gold if you are investing in bitcoin, and so it is even more dumb to suggest that any allocation to gold should be higher than bitcoin, if anything gold should either not exist in a modern investment portfolio that has bitcoin or it would ONLY at most be around 5% the size or the bitcoin holdings.. In the past 15 years, perhaps gold has somewhat held its own in comparison to cash, but we should already realize that cash is ongoingly losing value, and even if the debasement of various fiat currencies was not as great 5-15 years ago, in the past 4 years, (ever since early 2020), we should have had seen even a more accelerated rate of the debasement of various fiat currencies... and so yeah, gold is supposed to be a hedge against that, but bitcoin is even a better hedge since bitcoin has an unfair advantage of still being in its early stages of adoption. Title: Re: Bitcoin or Gold Post by: Maslate on August 23, 2024, 09:20:07 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D If bitcoin was able to make a lot of progress within 10 or 20 years, then how much more in the next possible years to come. Do not just do the computation, but make a final move. While bitcoin is a good and safe haven investment, bitcoin is more than that. You'll definitely become extremely rich if you know how to make advantage every opportunity that comes. Title: Re: Bitcoin or Gold Post by: MarjorieZimmermanGinger on August 24, 2024, 04:02:04 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years. Simply put, people can see both of them differently and if people don't want to be involved in risk then gold is the right choice. But when it comes to profit then bitcoin is a much better choice to invest in. Before both become choices, people should recognize what kind of investment they want to run so that they have an idea when they want to start. Gold does look more stable but if invested in a small amount you will not get maximum profit.The opposite is true with bitcoin, but the advantages in bitcoin can be accumulated in any amount depending on our financial capabilities. Bitcoin is also safer and more open if we really understand it because the investment we run does not require a third party. Title: Re: Bitcoin or Gold Post by: wahyuagung26 on August 24, 2024, 09:55:12 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D If bitcoin was able to make a lot of progress within 10 or 20 years, then how much more in the next possible years to come. Do not just do the computation, but make a final move. While bitcoin is a good and safe haven investment, bitcoin is more than that. You'll definitely become extremely rich if you know how to make advantage every opportunity that comes. So far Bitcoin tends to make such significant changes that make everyone or Investors who are more interested in continuing to be in Bitcoin, we think Bitcoin will tend to make interesting speculations especially for those who make their Investments in the long term, Bitcoin will always be positive among people who understand and are aware of Bitcoin. Wise investors will continue to see Bitcoin by collaborating their opinions on the progress of Bitcoin, and Bitcoin is very active to be Invested, most Investors get profit from their investment we think this will always be beneficial for those who know about Bitcoin. Title: Re: Bitcoin or Gold Post by: Dailyscript on August 24, 2024, 11:09:27 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D If bitcoin was able to make a lot of progress within 10 or 20 years, then how much more in the next possible years to come. Do not just do the computation, but make a final move. While bitcoin is a good and safe haven investment, bitcoin is more than that. You'll definitely become extremely rich if you know how to make advantage every opportunity that comes. Title: Re: Bitcoin or Gold Post by: Dr.Osh on August 24, 2024, 02:27:00 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D If bitcoin was able to make a lot of progress within 10 or 20 years, then how much more in the next possible years to come. Do not just do the computation, but make a final move. While bitcoin is a good and safe haven investment, bitcoin is more than that. You'll definitely become extremely rich if you know how to make advantage every opportunity that comes. However, if OP wants a safe investment, maybe gold is suitable for him. However, if he wants a slightly risky investment, then bitcoin is the choice. Title: Re: Bitcoin or Gold Post by: bestcoins1 on August 24, 2024, 03:19:09 PM well, for the long term, I would also choose bitcoin, especially when my assets are quite large. After all, we can see the development of bitcoin from 10 years ago to now. The price development is truly extraordinary. Gold has also increased, but not as well as bitcoin. Each person can certainly determine their choice when they want to invest in both assets because in general they have provided a fairly clear picture through life and also through history in the past. And people who prefer large profits, of course the more appropriate choice is Bitcoin because the price increase is always much more significant in Bitcoin, while gold only increases slowly and not in larger amounts every year. So each of us can certainly see for ourselves and choose for ourselves what we like based on taste.However, if OP wants a safe investment, maybe gold is suitable for him. However, if he wants a slightly risky investment, then bitcoin is the choice. Title: Re: Bitcoin or Gold Post by: mumang siat on August 24, 2024, 04:22:55 PM Looking at past results in Bitcoin we may say that in the next 10 years or 20 years, Bitcoin will be 3x or 10x the current price. Yes, it is good to be positive but we should always have it in mind that we cannot predict what will happen in the future. 3x and 10x are realistic but the opposite can also happen where Bitcoin might experience a huge dip. I am only saying here that the market is on two sides the bull and the bear. While expecting the bull season we should also have it in mind that the bear season can come at any time. Considering that Bitcoin is something that fluctuates and of course there is no accurate prediction in predicting Bitcoin in the next few years, but having a positive nature towards Bitcoin's progress in the next period is not a problem, because everyone also wants a relatively better bullrun change in the increase is the dream of every investor in order to maximize profits from the assets that have been stored. Title: Re: Bitcoin or Gold Post by: Tigerheart3026 on August 25, 2024, 06:14:32 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D If bitcoin was able to make a lot of progress within 10 or 20 years, then how much more in the next possible years to come. Do not just do the computation, but make a final move. While bitcoin is a good and safe haven investment, bitcoin is more than that. You'll definitely become extremely rich if you know how to make advantage every opportunity that comes. However, if OP wants a safe investment, maybe gold is suitable for him. However, if he wants a slightly risky investment, then bitcoin is the choice. Title: Re: Bitcoin or Gold Post by: Hutler85 on August 25, 2024, 06:59:10 PM I think if you want to really invest your money, Bitcoin is better than gold, because I believe that it will give better profit in long term.
Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin. Choose which one do you want the most. Title: Re: Bitcoin or Gold Post by: JayJuanGee on August 25, 2024, 08:32:43 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D If bitcoin was able to make a lot of progress within 10 or 20 years, then how much more in the next possible years to come. Do not just do the computation, but make a final move. While bitcoin is a good and safe haven investment, bitcoin is more than that. You'll definitely become extremely rich if you know how to make advantage every opportunity that comes. However, if OP wants a safe investment, maybe gold is suitable for him. However, if he wants a slightly risky investment, then bitcoin is the choice. Just because you have a lot of money, it does not become safer to invest into gold. That is dumb. Of course, if a person is new to investing, he might need to choose only one asset to invest into inorder to not dilute his money.. so for example a person could start out by only investing into bitcoin and cash. and the cash is largely just to make sure he has enough for expenses (assuming that his cashflow is also in cash), and then if he gets up to a certain higher level of savings/investment such as more than 1 year of his expenses ONLY in bitcoin, then maybe he might choose (upon his discretion) to diversify into other assets, and gold does not need to be one of the assets in which he diversifies, so he could diversify into properties, equities (stocks), bonds, and commodities, as well as whatever level of cash/cash equivalents that he chooses to hold. Gold does not need to be part of the package unless maybe there might be some desire to prepare for Armageddon, then maybe perhaps up to 5% of the bitcoin size might be optionally invested in gold in order to prepare for Armageddon-like scenarios. and then i will invest in bitcoin it could be long term or short term, Bitcoin should be long term and not short term. Bitcoin is amongst the best if not the best of assets currently available, so it would be stupid to be trading it. if in online security is a big issues, it’s not easy to protect online currencies, so without good security knowledge you can loss your money. Of course, with bitcoin everyone should be attempting to learn how to secure their bitcoin rather than holding it with a third-party, yet if he is just learning and getting started, then he might hold with a third party while he is learning, but if he has a lot of value, then he should be trying to learn quickly in regards to how to secure his coins, whether it is with a hardware wallet like Trezor or some similar kind of other hardware wallet, such as cold card, passport or jade or there might be some others that are acceptable and open source. https://thebitcoinhole.com/ I think if you want to really invest your money, Bitcoin is better than gold, because I believe that it will give better profit in long term. Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin. Choose which one do you want the most. Gold is not even close to better than bitcoin in regards to trying to be "safe", unless you already have gold exchanges around you and in your community. If you are trying to learn about gold, you are probably going to be worse off in terms of trying to find where to buy and sell it. And, also if you go in to gold, you are going to just continue to lose value, especially compared to bitcoin... maybe you might be able to hold value relative to the dollar, but that is even questionable since bitcoin is going to continue to eat gold's lunch in terms of value continuing to gravitate into bitcoin from gold, just as it has been doing for the past 15 years in really exponential ways. Title: Re: Bitcoin or Gold Post by: Ambatman on August 25, 2024, 09:36:59 PM There are quite a number of reason why I would pick Bitcoin
One is it's not easy to convert Gold to cash in my country and even if you can it would be way lower than the market price. It's been existing for a very long time so has gotten quite far in its growth and acceptability While Bitcoin is relatively young and still growing I'd prefer a started Rocket than a car already in transit. Mind you not disputing the advantage of holding Gold, but Bitcoin is almost always better at everything Gold can do especially in the long run. I think if you want to really invest your money, Bitcoin is better than gold, because I believe that it will give better profit in long term. Volatility doesn't equal safety. Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin. Choose which one do you want the most. Luna wasn't volatile, it was even a Stable coin but we all know what happened. The safety Gold provide is the trust people has for it against inflation and this ain't fully constant. There has always been situations where Gold has fallen due to various reason. If it was so safe and trusted investors wouldn't even consider many investment an option. Gold rises because inflation increases the price of everything except Fiat. In a nutshell Fiat falls in relation to other assets due to inflation. Title: Re: Bitcoin or Gold Post by: rhodelmabanal on August 26, 2024, 02:39:57 AM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D For me bitcoin is good than gold base on the development, gold price is also rising but not as much as the bitcoin price development from the 2009 until 2024 the bitcoin wins compare to gold, if you wanted a big profit bitcoin is really good for you but you need to hold it with patience because it needs time. Title: Re: Bitcoin or Gold Post by: Hutler85 on August 26, 2024, 10:28:03 AM There are quite a number of reason why I would pick Bitcoin Sorry to ask for this. Isn't there no coin that can be compared to bitcoin?One is it's not easy to convert Gold to cash in my country and even if you can it would be way lower than the market price. It's been existing for a very long time so has gotten quite far in its growth and acceptability While Bitcoin is relatively young and still growing I'd prefer a started Rocket than a car already in transit. Mind you not disputing the advantage of holding Gold, but Bitcoin is almost always better at everything Gold can do especially in the long run. I think if you want to really invest your money, Bitcoin is better than gold, because I believe that it will give better profit in long term. Volatility doesn't equal safety. Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin. Choose which one do you want the most. Luna wasn't volatile, it was even a Stable coin but we all know what happened. The safety Gold provide is the trust people has for it against inflation and this ain't fully constant. There has always been situations where Gold has fallen due to various reason. If it was so safe and trusted investors wouldn't even consider many investment an option. Gold rises because inflation increases the price of everything except Fiat. In a nutshell Fiat falls in relation to other assets due to inflation. Therefore projects like Luna have different cases and fundamentals than Bitcoin, and usually mot people only compare Bitcoin to gold because of the digital gold narrative that is always attached to Bitcoin. I think that's the reason why OP created this topic. Title: Re: Bitcoin or Gold Post by: iv4n on August 26, 2024, 02:08:49 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D If bitcoin was able to make a lot of progress within 10 or 20 years, then how much more in the next possible years to come. Do not just do the computation, but make a final move. While bitcoin is a good and safe haven investment, bitcoin is more than that. You'll definitely become extremely rich if you know how to make advantage every opportunity that comes. I guess you wanted to say that "gold" is a good & safe investment, but Bitcoin is more than that. A little mistake... I agree with you completely here, bitcoin is a lot more than just investment, and I still believe that bitcoin can be a game changer that this world needs. If someone is hesitating between bitcoin and gold then they should invest in both... as you wrote, gold is a safer option and there is no mistake with gold. The price of gold will never stop rising, slowly but surely the money invested in gold will retain and probably gain in value. But Bitcoin has much more potential for growth, and I think it is certain that Bitcoin will continue to break records in the future. Title: Re: Bitcoin or Gold Post by: tomos81 on August 27, 2024, 10:52:50 PM As much as gold is in demand in the global market, the demand for Bitcoin is several times higher than gold. Because between gold and bitcoin you will only make the price difference, gold has been going through the same situation in the market for a long time and the price is the lowest. But Bitcoin is completely different it has been in the market for a short period of time although it has spread all over the world and has the highest number of investments worldwide. Bitcoin has grown tremendously in just a few days, and investing here will keep your money safe. Since the market has been faithfully maintained for a long time, if you are holding gold, there is a high chance of it getting lost or falling into the hands of robbers, robbers, etc. But investing in bitcoins is the most secure as no one will know you have bitcoins.
Title: Re: Bitcoin or Gold Post by: Ricardo11 on August 28, 2024, 05:46:49 AM As much as gold is in demand in the global market, the demand for Bitcoin is several times higher than gold. Because between gold and bitcoin you will only make the price difference, gold has been going through the same situation in the market for a long time and the price is the lowest. But Bitcoin is completely different it has been in the market for a short period of time although it has spread all over the world and has the highest number of investments worldwide. Bitcoin has grown tremendously in just a few days, and investing here will keep your money safe. Since the market has been faithfully maintained for a long time, if you are holding gold, there is a high chance of it getting lost or falling into the hands of robbers, robbers, etc. But investing in bitcoins is the most secure as no one will know you have bitcoins. i also agree with you, Bitcoin is a thousand times better than gold, because currently the demand for bitcoin is much higher than gold in terms of investment. Gold is a safe medium of risk-free money storage. But Bitcoin is the best choice for long term investment. The demand for Bitcoin is constantly increasing and the number of investors is also increasing. It will provide huge returns due to long time holding. In this case gold can never give you that much return. Again physically bitcoins are safer than gold, because no one can ever take your bitcoins except you, and no one will know you have bitcoins unless you say you own them. But in this case gold is a tangible asset, anyone can take your gold from you by force. So you should definitely invest in Bitcoin, Bitcoin will give you more benefits than gold in many ways and more returns than gold.Title: Re: Bitcoin or Gold Post by: knowngunman on August 28, 2024, 10:13:48 AM also i would love to choose bitcoin but if i have large amount of fund, i didn’t invest full amount in bitcoin, i will invest some gold because it’s 100% safe assets, and then i will invest in bitcoin it could be long term or short term, if in online security is a big issues, it’s not easy to protect online currencies, so without good security knowledge you can loss your money. I see the issue of security as a minor and should not be seen as a reason for not investing in bitcoin or other online currencies since there's no maximum security guarantee nowhere. It is good to always diversify your investment but when comparing between these two (bitcoin and gold), the former seems to be advantageous over the latter. Bitcoin is open to all irrespective of where you are so long as you have access to network and wallet but gold is easily accessible for everyone to invest. Mind you, no asset is 100% safe for investment, there's risk no matter how small it is. Remember, the higher the risk, the bigger the profit but you need to play smart. Title: Re: Bitcoin or Gold Post by: JayJuanGee on August 28, 2024, 01:14:02 PM also i would love to choose bitcoin but if i have large amount of fund, i didn’t invest full amount in bitcoin, i will invest some gold because it’s 100% safe assets, and then i will invest in bitcoin it could be long term or short term, if in online security is a big issues, it’s not easy to protect online currencies, so without good security knowledge you can loss your money. I see the issue of security as a minor and should not be seen as a reason for not investing in bitcoin or other online currencies since there's no maximum security guarantee nowhere. It is good to always diversify your investment but when comparing between these two (bitcoin and gold), the former seems to be advantageous over the latter. Bitcoin is open to all irrespective of where you are so long as you have access to network and wallet but gold is easily accessible for everyone to invest. Mind you, no asset is 100% safe for investment, there's risk no matter how small it is. Remember, the higher the risk, the bigger the profit but you need to play smart.Your statement about always diversifying is not correct. Diversification can serve as a way to preserve your wealth, yet anyone in their earliest stages of investing will likely start from one investment at a time, and so if someone is new to investing, it makes no sense for them to get into a bunch of things at once. Accordingly, there is no reason not to just start out with both bitcoin and cash, and figure out the proportions. The cash serves as back up funds of various sorts and perhaps as a means to offset some of bitcoin's inevitable volatility. We know getting into bitcoin it is inevitably going to be volatile and we are not 100% assured that the BTC price is going to go up, yet if we spend time accumulating it then once the bitcoin holdings get to a certain size, then we might consider diversifying, whether that is after it gets to 1-2 years of expenses or some other size, we can determine when we would like to spread out our investment beyond just bitcoin and cash.. including a consideration that it could take 5-10 years or longer just to build up an investment to be the size of something like 1-2 years of expenses, partly depending on how much is regularly invested (such as using DCA) and also if the investment might appreciate in value during the time of investing.. and no guarantees on that either... but there is no need to buy gold for the mere sake of it or for the mere sake of diversifying.. except if you cannot resist investing in gold, at least keep it to a somewhat small portion of the size of your bitcoin holdings..perhaps 5% or less... but yeah, people can decide what they like, but there is no requirement or even supposed smartness in diversifying, especially for folks in their first several years of investing.. and the point at which diversification becomes more important as a consideration comes moreso from the growth of the investments that will also help to inform whether and/or how much to diversify into other asset categories, which would traditionally be thought of as equities (stocks), bonds, properties, commodities, cash/cash equivalents. Title: Re: Bitcoin or Gold Post by: Hutler85 on August 28, 2024, 03:17:56 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... ;D If bitcoin was able to make a lot of progress within 10 or 20 years, then how much more in the next possible years to come. Do not just do the computation, but make a final move. While bitcoin is a good and safe haven investment, bitcoin is more than that. You'll definitely become extremely rich if you know how to make advantage every opportunity that comes. However, if OP wants a safe investment, maybe gold is suitable for him. However, if he wants a slightly risky investment, then bitcoin is the choice. Just because you have a lot of money, it does not become safer to invest into gold. That is dumb. Of course, if a person is new to investing, he might need to choose only one asset to invest into inorder to not dilute his money.. so for example a person could start out by only investing into bitcoin and cash. and the cash is largely just to make sure he has enough for expenses (assuming that his cashflow is also in cash), and then if he gets up to a certain higher level of savings/investment such as more than 1 year of his expenses ONLY in bitcoin, then maybe he might choose (upon his discretion) to diversify into other assets, and gold does not need to be one of the assets in which he diversifies, so he could diversify into properties, equities (stocks), bonds, and commodities, as well as whatever level of cash/cash equivalents that he chooses to hold. Gold does not need to be part of the package unless maybe there might be some desire to prepare for Armageddon, then maybe perhaps up to 5% of the bitcoin size might be optionally invested in gold in order to prepare for Armageddon-like scenarios. and then i will invest in bitcoin it could be long term or short term, Bitcoin should be long term and not short term. Bitcoin is amongst the best if not the best of assets currently available, so it would be stupid to be trading it. if in online security is a big issues, it’s not easy to protect online currencies, so without good security knowledge you can loss your money. Of course, with bitcoin everyone should be attempting to learn how to secure their bitcoin rather than holding it with a third-party, yet if he is just learning and getting started, then he might hold with a third party while he is learning, but if he has a lot of value, then he should be trying to learn quickly in regards to how to secure his coins, whether it is with a hardware wallet like Trezor or some similar kind of other hardware wallet, such as cold card, passport or jade or there might be some others that are acceptable and open source. https://thebitcoinhole.com/ I think if you want to really invest your money, Bitcoin is better than gold, because I believe that it will give better profit in long term. Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin. Choose which one do you want the most. Gold is not even close to better than bitcoin in regards to trying to be "safe", unless you already have gold exchanges around you and in your community. If you are trying to learn about gold, you are probably going to be worse off in terms of trying to find where to buy and sell it. And, also if you go in to gold, you are going to just continue to lose value, especially compared to bitcoin... maybe you might be able to hold value relative to the dollar, but that is even questionable since bitcoin is going to continue to eat gold's lunch in terms of value continuing to gravitate into bitcoin from gold, just as it has been doing for the past 15 years in really exponential ways. If you said so, does that mean that Bitcoin is better than gold in every aspect? Title: Re: Bitcoin or Gold Post by: red4slash on August 28, 2024, 05:09:21 PM also i would love to choose bitcoin but if i have large amount of fund, i didn’t invest full amount in bitcoin, i will invest some gold because it’s 100% safe assets, and then i will invest in bitcoin it could be long term or short term, if in online security is a big issues, it’s not easy to protect online currencies, so without good security knowledge you can loss your money. local media reported that there was fake gold that even amounted to 109 tonnes. (https://bisnis.tempo.co/read/1874951/heboh-kasus-109-ton-emas-antam-palsu-begini-cara-cek-keaslian-emas) With this in mind, we must realise that ultimately nothing is 100 per cent safe. In addition, bitcoin is also not very suitable for the short term because after all, when talking about investing in bitcoin, the long term is more worth it. Title: Re: Bitcoin or Gold Post by: JayJuanGee on August 28, 2024, 05:27:47 PM I think if you want to really invest your money, Bitcoin is better than gold, because I believe that it will give better profit in long term. Gold is not even close to better than bitcoin in regards to trying to be "safe", unless you already have gold exchanges around you and in your community. If you are trying to learn about gold, you are probably going to be worse off in terms of trying to find where to buy and sell it. And, also if you go in to gold, you are going to just continue to lose value, especially compared to bitcoin... maybe you might be able to hold value relative to the dollar, but that is even questionable since bitcoin is going to continue to eat gold's lunch in terms of value continuing to gravitate into bitcoin from gold, just as it has been doing for the past 15 years in really exponential ways.Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin. Choose which one do you want the most. If you said so, does that mean that Bitcoin is better than gold in every aspect? Well, you have to figure out your own calculations in terms of whether there is any value in having gold rather than bitcoin, so frequently I suggest that there is no need to have any gold, but if you either have gold and you are used to it or you have some kind of an attraction for gold, then perhaps limit your gold investment to no more than 5% the size of your bitcoin investment. Of course, you can do what you want and come to whatever assessment that you like and there are potentially some areas in which gold is less bad as compared to bitcoin, but still in the whole scheme of things bitcoin is likely around 1,000x better than gold in terms of the various important and material monetary properties that include but are not limited to: scarcity transportability costs of holding/transporting (needs for 3rd parties) divisibility durability verifiability store of value (ability to transport in time) You can place your own values on each of these items or even suggest that stability (or lack of volatility) is an attribute, and that is up to you. Surely bitcoin is in fairly early stages of adoption, including controversy over its value, so bitcoin is inevitably going to be volatile while it is continuing to find its price and likely to become less volatile as it increases in market cap.. perhaps when bitcoin is going through the 10x to 1,000x phase of surpassing gold's market cap it will be less volatile than it is now, yet if we already know that bitcoin is currently volatile for much time into the future, we can choose our position size in accordance with such known situation. So if bitcoin is currently priced about 1/15th of gold in terms of market cap and it is most likely 1,000x more valuable than gold then it could take 50-200 years to get to such price settling amounts, and you can choose to make other kinds of assessments, and even if someone knows bitcoin is around 1,000x more valuable than gold, that still does not even mean that such persons have to go crazy for bitcoin, just make reasonable investments into it and even potentially hedging that the price of things sometimes take a while to work themselves out in the market, so there is no need to go apeshit crazy in buying bitcoin merely due to recognizing its superior value status as compared to gold (and as compared to most other assets, too). It is possible to keep feet in each world of value systems, and in various ways gold has been being largely demonetized for the last 100 years or more - just like silver has largely been demonetized, so if you are betting on gold (or silver) being remonetized, then those surely seem like much greater long shot bets as compared to whatever position that you might consider that bitcoin has compared to gold, even if you don't agree with or accept that bitcoin is 1,000x or more better than gold, you still might be able to appreciate some other variation in terms of that bitcoin is quite likely not 1/15th the value of gold (as it is currently priced), and yeah, you can conclude what ever you like in terms of the various numbers in regards to where we are at now, where we came from and/or where we are likely to go. There is nothing wrong with differing in opinions in regards to these kinds of assessments, and hopefully each of us are attempting to establish and/or maintain position sizes that reflect our own assessments, financial abilities and psychology rather than following the assessments, financial abilities and psychology of someone else. Title: Re: Bitcoin or Gold Post by: Jchris50 on August 28, 2024, 07:46:36 PM local media reported that there was fake gold that even amounted to 109 tonnes. (https://bisnis.tempo.co/read/1874951/heboh-kasus-109-ton-emas-antam-palsu-begini-cara-cek-keaslian-emas) Without anyone telling me this, I already knew that there are fake Gold but Bitcoin is not fake actually, it is just that the price of Bitcoin is not stable but we can invest on it for long term and make profits more than investing on it for short terms. With this in mind, we must realise that ultimately nothing is 100 per cent safe. In addition, bitcoin is also not very suitable for the short term because after all, when talking about investing in bitcoin, the long term is more worth it. Gold has existed from many years but look at were it is now, I do not think that it have any more potentials like bitcoin, and Bitcoin is only 16 year now but there is more potentials that it is going to go further in the next 10 years. The reason why Bitcoin is superior to gold is because it is decentralize. Title: Re: Bitcoin or Gold Post by: Hutler85 on August 28, 2024, 08:35:48 PM I think if you want to really invest your money, Bitcoin is better than gold, because I believe that it will give better profit in long term. Gold is not even close to better than bitcoin in regards to trying to be "safe", unless you already have gold exchanges around you and in your community. If you are trying to learn about gold, you are probably going to be worse off in terms of trying to find where to buy and sell it. And, also if you go in to gold, you are going to just continue to lose value, especially compared to bitcoin... maybe you might be able to hold value relative to the dollar, but that is even questionable since bitcoin is going to continue to eat gold's lunch in terms of value continuing to gravitate into bitcoin from gold, just as it has been doing for the past 15 years in really exponential ways.Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin. Choose which one do you want the most. If you said so, does that mean that Bitcoin is better than gold in every aspect? Well, you have to figure out your own calculations in terms of whether there is any value in having gold rather than bitcoin, so frequently I suggest that there is no need to have any gold, but if you either have gold and you are used to it or you have some kind of an attraction for gold, then perhaps limit your gold investment to no more than 5% the size of your bitcoin investment. Of course, you can do what you want and come to whatever assessment that you like and there are potentially some areas in which gold is less bad as compared to bitcoin, but still in the whole scheme of things bitcoin is likely around 1,000x better than gold in terms of the various important and material monetary properties that include but are not limited to: scarcity transportability costs of holding/transporting (needs for 3rd parties) divisibility durability verifiability store of value (ability to transport in time) You can place your own values on each of these items or even suggest that stability (or lack of volatility) is an attribute, and that is up to you. Surely bitcoin is in fairly early stages of adoption, including controversy over its value, so bitcoin is inevitably going to be volatile while it is continuing to find its price and likely to become less volatile as it increases in market cap.. perhaps when bitcoin is going through the 10x to 1,000x phase of surpassing gold's market cap it will be less volatile than it is now, yet if we already know that bitcoin is currently volatile for much time into the future, we can choose our position size in accordance with such known situation. So if bitcoin is currently priced about 1/15th of gold in terms of market cap and it is most likely 1,000x more valuable than gold then it could take 50-200 years to get to such price settling amounts, and you can choose to make other kinds of assessments, and even if someone knows bitcoin is around 1,000x more valuable than gold, that still does not even mean that such persons have to go crazy for bitcoin, just make reasonable investments into it and even potentially hedging that the price of things sometimes take a while to work themselves out in the market, so there is no need to go apeshit crazy in buying bitcoin merely due to recognizing its superior value status as compared to gold (and as compared to most other assets, too). It is possible to keep feet in each world of value systems, and in various ways gold has been being largely demonetized for the last 100 years or more - just like silver has largely been demonetized, so if you are betting on gold (or silver) being remonetized, then those surely seem like much greater long shot bets as compared to whatever position that you might consider that bitcoin has compared to gold, even if you don't agree with or accept that bitcoin is 1,000x or more better than gold, you still might be able to appreciate some other variation in terms of that bitcoin is quite likely not 1/15th the value of gold (as it is currently priced), and yeah, you can conclude what ever you like in terms of the various numbers in regards to where we are at now, where we came from and/or where we are likely to go. There is nothing wrong with differing in opinions in regards to these kinds of assessments, and hopefully each of us are attempting to establish and/or maintain position sizes that reflect our own assessments, financial abilities and psychology rather than following the assessments, financial abilities and psychology of someone else. I guess you are a better person to describe what I had in mind, thank you for giving me some insight. As you can see I'm still a newbie and I was asking for genuine question of of curiosity. Although, I agree that this kind of topic is highly subjective and argumentative when it comes how we value these to insruments of investments, what you said is really does make sense and add more to my own definition of value that I have in mind about Bitcoin. Title: Re: Bitcoin or Gold Post by: ginsan on August 28, 2024, 08:58:28 PM local media reported that there was fake gold that even amounted to 109 tonnes. (https://bisnis.tempo.co/read/1874951/heboh-kasus-109-ton-emas-antam-palsu-begini-cara-cek-keaslian-emas) Without anyone telling me this, I already knew that there are fake Gold but Bitcoin is not fake actually, it is just that the price of Bitcoin is not stable but we can invest on it for long term and make profits more than investing on it for short terms. With this in mind, we must realise that ultimately nothing is 100 per cent safe. In addition, bitcoin is also not very suitable for the short term because after all, when talking about investing in bitcoin, the long term is more worth it. Gold has existed from many years but look at were it is now, I do not think that it have any more potentials like bitcoin, and Bitcoin is only 16 year now but there is more potentials that it is going to go further in the next 10 years. The reason why Bitcoin is superior to gold is because it is decentralize. Apart from that, investing in Bitcoin will of course be better to apply for the long term or for our old age. Because the limited supply will make bitcoin increasingly rare and legally the price will strengthen significantly if demand is greater. For that, buy regularly either with the DCA strategy or with other strategies, use your time to invest in bitcoin for your future. In terms of development, of course Bitcoin has controlled the world because we can transact anywhere without a third party. Many large companies also continue to buy Bitcoin and hold it. Also, many of them, from young to old, have shown great interest in investing in bitcoin, every day new investors join bitcoin and of course you can understand that Bitcoin is the best for now or for the years to come. Title: Re: Bitcoin or Gold Post by: red4slash on August 28, 2024, 09:39:02 PM local media reported that there was fake gold that even amounted to 109 tonnes. (https://bisnis.tempo.co/read/1874951/heboh-kasus-109-ton-emas-antam-palsu-begini-cara-cek-keaslian-emas) Without anyone telling me this, I already knew that there are fake Gold but Bitcoin is not fake actually, it is just that the price of Bitcoin is not stable but we can invest on it for long term and make profits more than investing on it for short terms. With this in mind, we must realise that ultimately nothing is 100 per cent safe. In addition, bitcoin is also not very suitable for the short term because after all, when talking about investing in bitcoin, the long term is more worth it. Gold has existed from many years but look at were it is now, I do not think that it have any more potentials like bitcoin, and Bitcoin is only 16 year now but there is more potentials that it is going to go further in the next 10 years. The reason why Bitcoin is superior to gold is because it is decentralize. So in this case nothing is risk-free because everything has its own risks including when we are in gold or in bitcoin. For other things I don't need to give any tips including comparing which one is the best because everyone has their own views on this but certainly for now for me personally bitcoin is bitcoin where they are there to make my finances change for the better (at least that is my belief for now). Title: Re: Bitcoin or Gold Post by: avp2306 on August 28, 2024, 11:00:24 PM also i would love to choose bitcoin but if i have large amount of fund, i didn’t invest full amount in bitcoin, i will invest some gold because it’s 100% safe assets, and then i will invest in bitcoin it could be long term or short term, if in online security is a big issues, it’s not easy to protect online currencies, so without good security knowledge you can loss your money. local media reported that there was fake gold that even amounted to 109 tonnes. (https://bisnis.tempo.co/read/1874951/heboh-kasus-109-ton-emas-antam-palsu-begini-cara-cek-keaslian-emas) With this in mind, we must realise that ultimately nothing is 100 per cent safe. In addition, bitcoin is also not very suitable for the short term because after all, when talking about investing in bitcoin, the long term is more worth it. What they only think is about the price appreciation of gold but they didn't realize the risk factor especially if they are new to the scene that there are lots of factors that need to consider before they can get the best with that asset. Since just like what have stated that their are fake gold circulating in the market and to bad if they bought it since that would be a waste of money for new investor who think they can earn more better from this asset. Although I can agree that gold is really a good option but people should be mindful regarding on where they buy their asset to avoid losing money. Unlike if they buy bitcoin where they can easily spot that this is the right asset to buy. The risk factor that we need to deal with is the volatility but if we know how to handle it well and could able to execute well the good methods that truly can help to ignore such negative things that can bother us then could help to increase our balance then for sure that success to gain profit with bitcoin will definitely happens. Also bitcoin supply is limited so provably that growth is more visible or faster to happen with this coin especially if lots of demands will came. Title: Re: Bitcoin or Gold Post by: STT on August 28, 2024, 11:59:36 PM Buy both because they are both different, this discussion is eternal mostly because the question is in error. If you think we're near to solar flares peaking (https://www.sdsu.edu/news/2024/05/qa-as-the-sun-nears-its-11-year-solar-maximum-what-can-we-expect-here-on-earth#:~:text=The%20current%20solar%20cycle%20began,activity%20in%20the%20early%202030s.) and wiping out most technology across the world, Yellowstone exploding and the return of dinosaurs then its clearly gold. If the world is more complicated then absolute scenarios positive or negative then a combination of multiple asset types is going to be required, own both.
https://www.talkimg.com/images/2024/08/29/96je8.jpeg Title: Re: Bitcoin or Gold Post by: Iranus on August 29, 2024, 10:20:37 AM In addition, Bitcoin has a limited supply and also many coins have died because the owners lost their keys. For that I prefer Bitcoin over gold, also statistically Bitcoin has performed quite well in the last 16 years. Bitcoin has a more limited supply than gold, but gold is not only used for investment and jewelry but is also used in almost every industry in the world. Apart from that, investing in Bitcoin will of course be better to apply for the long term or for our old age. Because the limited supply will make bitcoin increasingly rare and legally the price will strengthen significantly if demand is greater. For that, buy regularly either with the DCA strategy or with other strategies, use your time to invest in bitcoin for your future. In terms of development, of course Bitcoin has controlled the world because we can transact anywhere without a third party. Many large companies also continue to buy Bitcoin and hold it. Also, many of them, from young to old, have shown great interest in investing in bitcoin, every day new investors join bitcoin and of course you can understand that Bitcoin is the best for now or for the years to come. We need to admit that the reason we choose bitcoin over gold is because bitcoin suits our economic conditions and circumstances better than gold. We all want to be rich, we all want to enjoy life in retirement. If we invest in gold, an asset that can hedge against inflation but cannot give us 5 or 10 times returns, how can we make our dreams come true? Meanwhile, bitcoin is highly volatile and is a relatively new asset so the growth potential will be greater and that will help us realize our dream of getting rich. I think that's the main reason why most of us choose bitcoin over gold, myself included. Title: Re: Bitcoin or Gold Post by: MarjorieZimmermanGinger on August 29, 2024, 02:43:59 PM The point is not there mate. It's not about a genuine or fake issue because gold is of course genuine and bitcoin is also genuine when talking about the standard of legitimacy in investment but the point I want to emphasise in this case is that when we make an investment then nothing is free from risk because even though gold is said to be a safer investment, in fact it still has a risk because it can be faked and that is in accordance with what happened in my country where there were 109 tonnes of fake gold traded and did not rule out the possibility of being used as an investment. Bitcoin does not have a form like gold so it is difficult for people to cheat while gold has a physical form and there is often fraud against the authenticity of gold purchased in unofficial places and I have seen people being cheated after buying not real gold. When it comes to any investment, there will always be a risk and I have never seen a form of investment that is completely risk-free when involved in it. Furthermore, when someone builds a business, for example, there is also a risk of failure because we are unable to accurately predict the future about success in that business.So in this case nothing is risk-free because everything has its own risks including when we are in gold or in bitcoin. For other things I don't need to give any tips including comparing which one is the best because everyone has their own views on this but certainly for now for me personally bitcoin is bitcoin where they are there to make my finances change for the better (at least that is my belief for now). To maintain a more successful form of investment, a person must understand the knowledge so that they can minimize the level of risk generated. If someone does not dare to take risks, then people will never know the level of success that will occur in the investment. Bitcoin can be minimized in risk if invested correctly and it depends on how someone understands the investment journey process that is being undertaken and the risk occurs because people do not understand the journey of bitcoin. Title: Re: Bitcoin or Gold Post by: Mame89 on August 29, 2024, 06:07:31 PM Buy both because they are both different, this discussion is eternal mostly because the question is in error. If you think we're near to solar flares peaking (https://www.sdsu.edu/news/2024/05/qa-as-the-sun-nears-its-11-year-solar-maximum-what-can-we-expect-here-on-earth#:~:text=The%20current%20solar%20cycle%20began,activity%20in%20the%20early%202030s.) and wiping out most technology across the world, Yellowstone exploding and the return of dinosaurs then its clearly gold. If the world is more complicated then absolute scenarios positive or negative then a combination of multiple asset types is going to be required, own both. Agree with this. We should have both of these assets because both are good for the future, of course both have different characteristics. Bitcoin for growth and Gold for hedging. So indeed we should have both and stop complicating everything with the debates that often occur.https://www.talkimg.com/images/2024/08/29/96je8.jpeg Gold and crypto are symmetrical. They are not competing, they complement each other in the fight against your savings to achieve financial freedom in the future. Having both is good because when one goes up, the other goes down or vice versa. I invest 50/50 between the two and I think this is a wise choice because both have their advantages and smart people definitely have both. Title: Re: Bitcoin or Gold Post by: ginsan on August 29, 2024, 08:43:21 PM In addition, Bitcoin has a limited supply and also many coins have died because the owners lost their keys. For that I prefer Bitcoin over gold, also statistically Bitcoin has performed quite well in the last 16 years. Bitcoin has a more limited supply than gold, but gold is not only used for investment and jewelry but is also used in almost every industry in the world. Apart from that, investing in Bitcoin will of course be better to apply for the long term or for our old age. Because the limited supply will make bitcoin increasingly rare and legally the price will strengthen significantly if demand is greater. For that, buy regularly either with the DCA strategy or with other strategies, use your time to invest in bitcoin for your future. In terms of development, of course Bitcoin has controlled the world because we can transact anywhere without a third party. Many large companies also continue to buy Bitcoin and hold it. Also, many of them, from young to old, have shown great interest in investing in bitcoin, every day new investors join bitcoin and of course you can understand that Bitcoin is the best for now or for the years to come. We need to admit that the reason we choose bitcoin over gold is because bitcoin suits our economic conditions and circumstances better than gold. We all want to be rich, we all want to enjoy life in retirement. If we invest in gold, an asset that can hedge against inflation but cannot give us 5 or 10 times returns, how can we make our dreams come true? Meanwhile, bitcoin is highly volatile and is a relatively new asset so the growth potential will be greater and that will help us realize our dream of getting rich. I think that's the main reason why most of us choose bitcoin over gold, myself included. I also agree with your opinion if we have been involved in Bitcoin, then our choice remains Bitcoin. In the investment journey, of course, many things need to be learned and indeed gold is not able to provide a multiple ROI, but Bitcoin has proven that Bitcoin has led many people to become billionaires because Bitcoin has provided an extraordinary ROI such as data on cmc where Bitcoin increased by a percentage of +122048056.62% from its lowest point. Title: Re: Bitcoin or Gold Post by: khiholangkang on August 29, 2024, 09:31:54 PM Buy both because they are both different, this discussion is eternal mostly because the question is in error. If you think we're near to solar flares peaking (https://www.sdsu.edu/news/2024/05/qa-as-the-sun-nears-its-11-year-solar-maximum-what-can-we-expect-here-on-earth#:~:text=The%20current%20solar%20cycle%20began,activity%20in%20the%20early%202030s.) and wiping out most technology across the world, Yellowstone exploding and the return of dinosaurs then its clearly gold. If the world is more complicated then absolute scenarios positive or negative then a combination of multiple asset types is going to be required, own both. It is very difficult to discuss with people who are fanatical about one of them, it will be useless, they always force themselves to have one of these two assets, even though they also realize that the middle way is to buy both, no matter which asset is more purchased, the important thing is to buy both, that's where a moderate person will take his steps in determining the middle way with wisely considered risks. https://www.talkimg.com/images/2024/08/29/96je8.jpeg Title: Re: Bitcoin or Gold Post by: Smartvirus on August 29, 2024, 10:47:04 PM Bitcoin or Gold,
Both are commodities worth owning. They both have distinct qualities, exists in different spaces and are worked in our everyday society. Gold is backed and have transcends several generations, have variations of uses and the value is determined greatly by scarcity and how rare it’s portrayed. Bitcoin also have got its qualities, haven’t been around for a decade and overly 3years, it serves both currency and asset purposes whose use case transcends borders and time. It’s highly volatile and have been profitable to hodlers. So, what’s really stopping you from owning both. Remember, you can diversify and it’s okay. Title: Re: Bitcoin or Gold Post by: Jody.Drummer on August 30, 2024, 03:04:44 AM Agree with this. We should have both of these assets because both are good for the future, of course both have different characteristics. Bitcoin for growth and Gold for hedging. So indeed we should have both and stop complicating everything with the debates that often occur. Having both is indeed better, but we must also be able to see our own condition whether we are capable or not yet capable, having the desire for financial freedom is a dream for everyone, therefore we will do anything to achieve financial freedom whether following developments or not. and it is true what you said both have different characteristics, but what is clear is that both of these things are good for our future if we master them well.Gold and crypto are symmetrical. They are not competing, they complement each other in the fight against your savings to achieve financial freedom in the future. Having both is good because when one goes up, the other goes down or vice versa. I invest 50/50 between the two and I think this is a wise choice because both have their advantages and smart people definitely have both. if we do have enough money, it is not wrong to have both, but don't forget to consider it carefully so as not to take the wrong step. but besides that it really depends on ourselves by saying which is better depends on our own views and preferences, such as on the previous web I searched for and found a comparison that of course can be a consideration for ourselves. https://talkimg.com/images/2024/08/30/9zyWd.png source : https://www.investopedia.com/news/should-you-buy-gold-or-bitcoin/#:~:text=Regarding%20market%20price%2C%20Bitcoin%20has,gold%20is%20a%20subjective%20argument. Title: Re: Bitcoin or Gold Post by: Iranus on August 30, 2024, 08:46:45 AM ~snip Whatever considerations occur in these two assets, of course, both have their own advantages and for me personally, I still want to change my view and also my family's if for the time being investing in Bitcoin is better than gold. For approximately 8 years that I have known Bitcoin, of course Bitcoin has been able to change many things in my life, especially in the investments that I have made where Bitcoin brings benefits that I did not expect before. I also agree with your opinion if we have been involved in Bitcoin, then our choice remains Bitcoin. In the investment journey, of course, many things need to be learned and indeed gold is not able to provide a multiple ROI, but Bitcoin has proven that Bitcoin has led many people to become billionaires because Bitcoin has provided an extraordinary ROI such as data on cmc where Bitcoin increased by a percentage of +122048056.62% from its lowest point. Many of us come up with thousands of reasons to explain why they choose bitcoin over gold. But as I said above, the main reason we choose bitcoin is because we need an asset that can take us to wealth and only bitcoin can help us do that. I also choose bitcoin but I don't think just because we choose bitcoin we can make a negative statement about gold. After all, this is an asset that has been around for thousands of years and is actually useful. Why is it still considered the safest asset in the world? Why do people still want to own it, especially countries that are still buying gold in large quantities?...Gold is not useless and investing in gold is not bad either. But as I said: it doesn't suit our conditions. Investing in gold can only help us avoid inflation, but it cannot make us rich. As middle or even low income earners like us, we need an asset, an investment that can bring high returns, not just price stability and safety. So bitcoin is the best choice for us. Title: Re: Bitcoin or Gold Post by: avp2306 on August 30, 2024, 09:09:37 AM ~snip Whatever considerations occur in these two assets, of course, both have their own advantages and for me personally, I still want to change my view and also my family's if for the time being investing in Bitcoin is better than gold. For approximately 8 years that I have known Bitcoin, of course Bitcoin has been able to change many things in my life, especially in the investments that I have made where Bitcoin brings benefits that I did not expect before. I also agree with your opinion if we have been involved in Bitcoin, then our choice remains Bitcoin. In the investment journey, of course, many things need to be learned and indeed gold is not able to provide a multiple ROI, but Bitcoin has proven that Bitcoin has led many people to become billionaires because Bitcoin has provided an extraordinary ROI such as data on cmc where Bitcoin increased by a percentage of +122048056.62% from its lowest point. Many of us come up with thousands of reasons to explain why they choose bitcoin over gold. But as I said above, the main reason we choose bitcoin is because we need an asset that can take us to wealth and only bitcoin can help us do that. I also choose bitcoin but I don't think just because we choose bitcoin we can make a negative statement about gold. After all, this is an asset that has been around for thousands of years and is actually useful. Why is it still considered the safest asset in the world? Why do people still want to own it, especially countries that are still buying gold in large quantities?...Gold is not useless and investing in gold is not bad either. But as I said: it doesn't suit our conditions. Investing in gold can only help us avoid inflation, but it cannot make us rich. As middle or even low income earners like us, we need an asset, an investment that can bring high returns, not just price stability and safety. So bitcoin is the best choice for us. We are into bitcoin and for sure majority of our funds is here. We are already familiar on how market moves that's why majority of our investment funds provably in this coin. But I can't say anything bad to gold to. Because this is also a good asset but its just I am more into bitcoin since this one open up good opportunity to us. Although I started to grab some gold together with bitcoin since what I think if we maximize our investment provably we can earn more bigger profit in future. I think no it depends on how gold market moves since if the price would continuously goes up just like what we are see from gold nowadays. I think the same with bitcoin we can also became rich from gold if we accumulated lots of grams from it or even kilos in future. Title: Re: Bitcoin or Gold Post by: BitGoba on September 10, 2024, 08:23:28 AM Both gold and Bitcoin are forms of money. It would be useful here to explain what money is, as most people do not understand it. Money is a social system and a consensus we use to facilitate the exchange of goods and services. It's also important to explain the functions of money to make this clearer. Throughout history, money has taken many forms, from glass beads, shells, copper, lead, aluminum, silver, and cattle, to gold, but money consistently serves only three functions: a store of value (SOV), a unit of account (UOA), and a medium of exchange (MOE). Gold was money for 5,000 years. However, gold did not fulfill all the characteristics that good money should have, which is why it lost the MOE and UOA functions. Gold was difficult to transport, and it wasn't divisible, which is why other metals like silver were used for smaller payments. Easy verification was not possible, as counterfeit gold coins began to appear in large numbers, leading to the emergence of banks and paper money and the current fiat system of central banks. Gold was deposited in bank vaults, and banks issued paper certificates to depositors indicating that they owned gold in the vaults. These paper certificates, known as banknotes or bank records, became a medium of exchange and currency. Later, bankers began printing many more paper certificates than there was gold in the vaults, which led to today's fiat system.
In contrast to gold, Bitcoin has all the characteristics that good money should have: divisibility, portability, durability, scarcity, and easy verification. Bitcoin, like the internet, is neutral. Another misconception that arises is around altcoins. Other cryptocurrencies are a scam and are highly centralized. Altcoins bear superficial similarities to Bitcoin, but they are more like fiat currencies, centralized, where a small group of people determines monetary policy. Title: Re: Bitcoin or Gold Post by: Ricardo11 on September 10, 2024, 09:53:48 AM GOLD: Gold has always been known as a fixed asset, gold has been around for thousands of years. The value of gold rises slowly, and gold is also known as a safe investment during financial crises in various countries. Gold can maintain its value well. Gold prices went from below $1,300 in early 2019 to around $2,100 in mid-2020. That means it was much safer during the pandemic of the The COVID-19 pandemic, that time some investors moved away from cryptos and invested in gold as well. and currently Gold Price per Ounce: $2,506.72
BITCOIN: Bitcoin was launched in 2009. That is, it has been launched for almost 15 years from today. Bitcoin's popularity is increasing greatly. Bitcoin is more volatile than gold, it is not always stable like gold. It's value goes up at any time and falls sharply at any time, but it is very well known from the history of Bitcoin that no matter how much the price of Bitcoin goes down, it will definitely go up after some time. This is why Bitcoin is currently the safest and most popular currency as a long-term investment. and currently bitcoin price $57,148.37. overview: https://www.talkimg.com/images/2024/09/10/BFS6G.png photo and news link: https://www.investopedia.com/news/should-you-buy-gold-or-bitcoin/ SECURITY GOLD: Gold is a touching substance, when you invest in gold you need to physically provide security for the gold, maybe in a box with you, in one of your lockers, or in your closet or the safest is to keep the gold in a bank locker. Basically you have to physically ensure the safety of your gold. SECURITY BITCOIN: Bitcoin is the most secure between gold and bitcoin, Bitcoin is untouchable, when you invest bitcoin, it will be in a wallet on any of your devices (software wallet or hardware wallet), and no one in the world will know until you say it yourself.And no hacker can hack your bitcoin, its full control will be in your hand. (But you must choose a secure wallet) In short, Bitcoin is far ahead of gold in terms of both long-term holding and security. Title: Re: Bitcoin or Gold Post by: red4slash on September 10, 2024, 08:23:45 PM The point is not there mate. It's not about a genuine or fake issue because gold is of course genuine and bitcoin is also genuine when talking about the standard of legitimacy in investment but the point I want to emphasise in this case is that when we make an investment then nothing is free from risk because even though gold is said to be a safer investment, in fact it still has a risk because it can be faked and that is in accordance with what happened in my country where there were 109 tonnes of fake gold traded and did not rule out the possibility of being used as an investment. Bitcoin does not have a form like gold so it is difficult for people to cheat while gold has a physical form and there is often fraud against the authenticity of gold purchased in unofficial places and I have seen people being cheated after buying not real gold. When it comes to any investment, there will always be a risk and I have never seen a form of investment that is completely risk-free when involved in it. Furthermore, when someone builds a business, for example, there is also a risk of failure because we are unable to accurately predict the future about success in that business.So in this case nothing is risk-free because everything has its own risks including when we are in gold or in bitcoin. For other things I don't need to give any tips including comparing which one is the best because everyone has their own views on this but certainly for now for me personally bitcoin is bitcoin where they are there to make my finances change for the better (at least that is my belief for now). Quote To maintain a more successful form of investment, a person must understand the knowledge so that they can minimize the level of risk generated. If someone does not dare to take risks, then people will never know the level of success that will occur in the investment. Bitcoin can be minimized in risk if invested correctly and it depends on how someone understands the investment journey process that is being undertaken and the risk occurs because people do not understand the journey of bitcoin. I agree in this case because the point that must be realized from the beginning is that when we want to invest anywhere, we must understand the knowledge first and that can only be done when we study it.At least before we start investing we understand the basics of what we want to invest in after we start we can deepen it so that we can better manage the way as well as convince ourselves that what we choose is the right thing. Title: Re: Bitcoin or Gold Post by: Different patterns on September 10, 2024, 08:38:06 PM Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years. You first have to understand the difference in making an investment in gold and that of having it on bitcoin, then you could place priority on which one you want as you best see its relevance, but let me put you through in some little way i understand for their difference. 1. Gold dis a physical asset while bitcoin a digital asset of investment 2. Bitcoin is volatile and gold is fixed 3. Gold is centralized while bitcoin is decentralized 4. bitcoin is more profitable than gold if invested on both 5. Gold has no fixed supply while bitcoin have a fixed supply Its now over to you in choosing which you want. Title: Re: Bitcoin or Gold Post by: Yucky on September 11, 2024, 03:21:52 PM The choice of whether to invest in bitcoin or gold is a choice after deep research on what is profitable in your time, and market.
Do you have a sure market where you can trade your gold or bitcoin if you get one? In your current environment is gold or Bitcoin feasible and viable? Back in the days of emperors gold was commonly used for trade but in our digitalized world today bitcoin is more in voke. You'll also consider how easily accessible your gold or bitcoin can be converted to cash if you need it urgently unless you've q made up your mind that your investment is going to be a real long term one. I would prefer to invest in a product that is invoke, that is familiar in the market so if there's an issue I can get support because there are other people investing in it too than go far off. Title: Re: Bitcoin or Gold Post by: JayJuanGee on September 11, 2024, 06:26:18 PM The choice of whether to invest in bitcoin or gold is a choice after deep research on what is profitable in your time, and market. Do you have a sure market where you can trade your gold or bitcoin if you get one? In your current environment is gold or Bitcoin feasible and viable? Back in the days of emperors gold was commonly used for trade but in our digitalized world today bitcoin is more in voke. You'll also consider how easily accessible your gold or bitcoin can be converted to cash if you need it urgently unless you've q made up your mind that your investment is going to be a real long term one. I would prefer to invest in a product that is invoke, that is familiar in the market so if there's an issue I can get support because there are other people investing in it too than go far off. I am pretty sure that you were wanting to say "in vogue" rather than "invoke," yet I think that is a very superficial way of trying to view and understand what is going on. Sure bitcoin is popular right now as compared to bitcoin, yet you still should be considering which is a superior asset (and/or form of money) Just look at various aspects of money such as scarcity, verifiability, divisibility, fungibility, transportability, costs of storage/securing. Bitcoin is better than gold in all of the categories... and surely some of the downsides of bitcoin might be risks in regards to its infrastructure holding up which is dependent on various kinds of communication channels. Also we can look at bitcoin in terms of adoption, which surely becomes somewhat unfair to compare bitcoin to gold since bitcoin is in relatively early stages of adoption and building of various network effects that were outlined by Trace Mayer in 2015 (https://nakamotoinstitute.org/mempool/the-seven-network-effects-of-bitcoin/). The point is that relative to gold there should hardly be any kind of expectation in regards to price performance that gold is going to be able to keep up with bitcoin's price appreciation including that bitcoin is ongoingly taking market share from gold since it is superior to gold, too.. and it is being adopted and market share for storage of value ends up moving (and probably has to move) from gold to bitcoin... another way of describing the principles of Gresham's law, too. Title: Re: Bitcoin or Gold Post by: Cityhunter34 on September 11, 2024, 09:00:18 PM should I invest in Gold or Bitcoin. We all have our opinions on things especially when it comes to investments and what works for me might not work for you, Gold and Bitcoin are both profitable investment but I would go for Bitcoin and if you are doing the same I would also advice that you add Gold to your portfolio as well. Gold can be held physically and less volatile than Bitcoin but in terms of security Bitcoin is way more secured than Gold because it is a digital and decentralized asset. Bitcoin has its ups and downs in price and is capable of making your heart race but it could be your ticket to riches if you use the right strategy while Gold on the other hand is a slow but steady reliable investment that increases in price over time. The choice is entirely yours mate.Title: Re: Bitcoin or Gold Post by: Marvell1 on September 12, 2024, 01:32:04 PM In short, Bitcoin is far ahead of gold in terms of both long-term holding and security. We all know that the future is unpredictable so the risk is the same whether you hold bitcoin or gold, IMO. Or even in this case gold would still prevail because at least it has been proven to last for thousands of years. In terms of security, since both have different characteristics, one asset is physical and one asset is digital, there will also be different risks. Storing physical gold would be difficult because it is bulky, but storing bitcoins is also not completely safe because in addition to facing attacks from hackers, the risk also comes from ourselves if we are careless in storing the seed phrase. The level of safety will depend largely on how a person manages his assets. Title: Re: Bitcoin or Gold Post by: Dr.Osh on September 12, 2024, 01:38:03 PM The choice of whether to invest in bitcoin or gold is a choice after deep research on what is profitable in your time, and market. If we look at the development of bitcoin and gold in the previous few years, then the growth of bitcoin prices is a very fast growth than gold, and that makes bitcoin a better investment than gold. However, in essence, I do not recommend people who are easily panicked to invest in bitcoin. This is because they may continue to see the price of bitcoin going up and down quickly. However, if you are ready for the risk, then bitcoin will be better. It all depends on the conditions and readiness of the prospective investor. If he is able to take the risk of bitcoin, and is able to hold it for a long time, then he may be able to get faster profits than gold. However, if he wants an investment that has low fluctuations, and is stable, then gold is a suitable choice. although the profits will not be as fast as bitcoin.Do you have a sure market where you can trade your gold or bitcoin if you get one? In your current environment is gold or Bitcoin feasible and viable? Back in the days of emperors gold was commonly used for trade but in our digitalized world today bitcoin is more in voke. You'll also consider how easily accessible your gold or bitcoin can be converted to cash if you need it urgently unless you've q made up your mind that your investment is going to be a real long term one. I would prefer to invest in a product that is invoke, that is familiar in the market so if there's an issue I can get support because there are other people investing in it too than go far off. Title: Re: Bitcoin or Gold Post by: TatsuyaJemi on September 12, 2024, 04:29:32 PM Between gold and bitcoin, I will always choose bitcoin, because bitcoin is ahead of gold in every way. I think Bitcoin is the best investment. Moreover, Bitcoin is most profitable for long-term holdings. I think gold is a medium for a safe investment, from which there is no possibility of loss, but also does not give much return on a long time holding.
Title: Re: Bitcoin or Gold Post by: RockBell on September 12, 2024, 08:25:57 PM Between gold and bitcoin, I will always choose bitcoin, because bitcoin is ahead of gold in every way. I think Bitcoin is the best investment. Moreover, Bitcoin is most profitable for long-term holdings. I think gold is a medium for a safe investment, from which there is no possibility of loss, but also does not give much return on a long time holding. I think people are more exposed to bitcoin than when it comes to gold for different opinion, but different school in the sense that this current century people are more familiar with bitcoin than with gold and people will literally do anything to get their money invested in bitcoin for a very long time now People have been hearing about bitcoin But just because they don't have the proper knowledge, the purpose of What bitcoin is, and That people I've gotten enough knowledge which makes them interested in bitcoin even if gold and bitcoin gives profit. People will still prefer to go for bitcoin and the question was asked would you prefer bitcoin or gold and as far as this forum is concerned? The number of people that will be interested in investing in bitcoin will be more than that of those that want to invest in gold. We keep learning every day if not, for now, there was nothing like the digital gold And even with the digital gold 1001 times people who still prefer to invest their money into bitcoin since they are already familiar with the market, I don't really have anything to say about gold investment Since I have never invested in gold before, the only investment I can talk about fully is bitcoin I know that even if you invest in gold, you will also make profit from it. |