Bitcoin vs Gold? Which one you would choose to invest for long term? Why ?

[crypmon259]

We all have different  prospective regarding the investment , be it long term or short term.

 Bitcoin has been the most amazing invention and has given massive return of investment for those who joined from 2013. From low point in 2013 to 20k in 2017, it has gone from one end to another end. Right now today its trading at $10461 per bitcoin. The prediction is with just 21 million maximum supply it will reach 1 million bucks per coin one day.

Gold has been one of the most popular investment for centuries. Every country or government be it in the past or present always prefer gold reserve over their own currency even to prepare themselves for financial meltdown. Right now GOLD is being traded at $1425/oz.

So my question is which one you would chose for your investment ? Which one you would chose to outperform the other ? GOLD or BITCOIN? Please tell us with a reason why ?

Thanks everyone for taking part in this discussion.

[mk4]

Not sure if I would call gold an "investment", it's more of a hedge.

Anyway, why not both? It's not one or the other. I'm bullish with bitcoin, but we should remember that it's not guaranteed to completely succeed. Putting literally everything on Bitcoin is taking a huge unnecessary risk. I'd personally put a significant amount on bitcoin, but majority would still be with gold as it's simply just a safer asset to park money in.

"Don't put all your eggs in one basket."

[Ayipaloh]

Without a doubt, it is a complicated query in which you ask about two commodities that currently move in the same price range, where it is clear it is important to forget about the short-term volatility of Bitcoin, as well as what concerns  to liquidity.

Certainly it can be argued that Bitcoin is more recent and has not established itself as such in the market, but in turn it is necessary to recognize that it is more useful in the digital age than gold.  Anyway, gold has a historical record that can not be disputed, which has even been responsible for being one of the most selected options to store value for thousands of years and for multiple human civilizations.

In my opinion, rather than asking which one is better between bitcoin and gold, it is more important to take advantage of both.

Bitcoin is a risky investment.
It may have a much higher yield than other assets, but it is much higher risk.  You can lose (a lot) money if you invest (a lot) money.  Or you can earn (a lot, but a lot) money by investing relatively (a little) money.  So the tip is to invest "some money you might lose".

Gold is a well-established commodity as a value keeper.
In general you do not earn or lose anything with gold, just do not fail to lose because of inflation.  It is very secure (as long as your investment is made in a sound financial institution).  So the tip is to invest "money that you do not want to lose".

[wack slacker]

Not sure if I would call gold an "investment", it's more of a hedge.

Anyway, why not both? It's not one or the other. I'm bullish with bitcoin, but we should remember that it's not guaranteed to completely succeed. Putting literally everything on Bitcoin is taking a huge unnecessary risk. I'd personally put a significant amount on bitcoin, but majority would still be with gold as it's simply just a safer asset to park money in.

"Don't put all your eggs in one basket."

Gold is more stable than Bitcoin.  But bitcoin is easier to increase than gold.  I agree with the view that both 2 should be chosen. In the long run, both growth will increase to 5 or 10 years.  I have seen many people invest bitcoin, the value of bitcoin has fallen in the short term and they have accepted losses and abandoned.  How to store these two types of assets is different.  For gold, it doesn't matter but with Bitcoin you have to regularly update the software for them.

[avikz]

We all have different  prospective regarding the investment , be it long term or short term.

 Bitcoin has been the most amazing invention and has given massive return of investment for those who joined from 2013. From low point in 2013 to 20k in 2017, it has gone from one end to another end. Right now today its trading at $10461 per bitcoin. The prediction is with just 21 million maximum supply it will reach 1 million bucks per coin one day.

Gold has been one of the most popular investment for centuries. Every country or government be it in the past or present always prefer gold reserve over their own currency even to prepare themselves for financial meltdown. Right now GOLD is being traded at $1425/oz.

So my question is which one you would chose for your investment ? Which one you would chose to outperform the other ? GOLD or BITCOIN? Please tell us with a reason why ?

Thanks everyone for taking part in this discussion.

I would rather go for both! I don't usually restrict myself from opportunities and gold is not actually an investment to me. Every month I invest some amount in gold through "systematic Investment plan". That is mainly I do to create wealth over long time which doesn't have much risk for negative return.

Whereas my bitcoin investment is purely a speculative investment. I would not invest in bitcoin for creating long term wealth because the risk is very high! So I would go with both for different reasons, but gold is my choice for long term wealth creation!

[Baronets]

I'm another one who believes that you should hold both. I don't really see either as investments, but as a currency to carry me through the ecomomic chaos as fiat currencies are repaced. Gold coins like the English Soveriegn or Britannia will be more widely accepted globally than Bitcoin, but Bitcoin will be far easier to use for smaller transactions.

[valentin68]

10 years ago I have chosen gold as money. I am orthodox and I bought a very valuable Gold Icon with Mother Marry.

Then they told me that I am schizofrenic because of this icon.  I was locked (as animals) for 3 months in hospitals together with people eating their shit, because of this.

7 years ago I have chosen bitcoin. I worked 6 years and helped 5000 students in this time. Then they said that I am violent, and  that I have psychic problems (I was solving Quantum Mechanics homework helping students, where the function psi is the wavefunction).


If I would invest in something for 100 years it would be 3 homes (a home in Southern Europe, probable in Italy or France), a loving wife, many good paintings and some loving children.

 

[mindrust]

If you are thinking about very very long term, buy gold with %5 of your networth and forget its existence. Your grandson might find them helpful. Or maybe his sons.

If you are after big gains in the next 10 years, go bitcoin. (I would buy with 5-10% of the total networth to begin the journey and DCA from there.) The upside potential is huge.

[Dr.Osh]

If you are thinking about very very long term, buy gold with %5 of your networth and forget its existence. Your grandson might find them helpful. Or maybe his sons.

If you are after big gains in the next 10 years, go bitcoin. (I would buy with 5-10% of the total networth to begin the journey and DCA from there.) The upside potential is huge.

well, gold and bitcoin do have the same potential if possessed by those who have the potential to use them. but, for people in general, I think, gold will be more worthy, because they feel it is more flexible, and can be used anywhere.

[deadsilent]

Let's be honest here. Me, I prefer gold as a form of investment. It's a no brainer. Gold is known as a valuable asset which overtime is gets higher and higher due to scarcity. It's advisable to invest on it since it's a long term investment and you know the profitability of it. Bitcoin is a short term investment. I said that because we don't know if how long can it be operating. There's so many factors and risks on investing on this kind of industry. What I mean the government regulations which threatening it's existence. They can just hang it whenever they want.

Bitcoin is a really good investment because of its ability to bring you huge gains, no doubt about that. But it is only for short term and not for long term. Good I think still a great contender among other investments.

[The Cryptovator]

I think that topic has been discussed multiple times on this forum. However, I have not interested to invest on gold and wondering why people will invest on gold. I can't see any reason to invest on gold but there is many reason why I need to invest on bitcoin if I have enough fund. For example bitcoin price could touch 10X from current rate at any time. But gold can't touch 10x within short time.

[bering]

Why compare them because i think having both of them as future assets would be good rather than choose between bitcoin or gold and in my view both are good to be considered as long term investment but i would be honest if for long term purpose to hold for more than 10 years i would like to choose gold than bitcoin and my concern to pick gold because gold less of volatility than bitcoin

[LeGaulois]

Bitcoin and gold are both different investment types, like real estate is another one, they all have different purposes. Gold investors aren't looking for outstanding performances, most of them are fine even with 0% yearly interest. Why? Because they're not here for a profit but to secure their funds. You don't invest in gold hoping it will outperform Bitcoin, this is insane.

When we hold bitcoins we're not doing it to secure a capital but to gamble hoping its value will increase, (we're are speculating)
If I'm looking to save some money in a safe way/place I'd rather buy a piggy bank or gold coins. If I'm ok to take some risks I would think to invest in volatile markets (whatever if it's in Bitcoin or not)

If I would invest in something for 100 years it would be 3 homes (a home in Southern Europe, probable in Italy or France), a loving wife, many good paintings and some loving children.

Investing in a loving wife. Yeah, I do this. It's called paying a prostitute. Guess what? The investment is here 1h and the value crash

[Lucius]

If Bitcoin is Gold V2 as many like to say today, then I do not see any reason to not invest in Bitcoin. But since Bitcoin is relatively new technology, we can not say what will happen with him in next 10 years - so we can gamble and put all in on Bitcoin, or reduce risk by invest some money in other things like gold.

Gold has advantages over Bitcoin because it is here for thousands of years, it is relatively stable and it will be like that probably in future. But it is just store of value with unlimited supply, and I doubt price of gold can go significantly up.

On the other side is Bitcoin, we can call it digital gold because it is created in the process of digital mining, but with two very important differences - it is limited in supply and it can be used as currency. I mean that with all its advantages Bitcoin is worth of investing, and if we look in his history, what has been achieved over the past ten years is really impressive.

Even if price of Bitcoin is rise only 10x from today price in next 10 years, it would be great achievement to see that 1 Bitcoin is worth $100 000.

[Sihab76]

Bitcoin vs gold ,bitcoin is more valuable than gold for me but in capital market bitcoin price always unstable but gold prices are stable. So I prefer to invest in bitcoin rather than gold.

[gomezjoe]

We all have different  prospective regarding the investment , be it long term or short term.

 Bitcoin has been the most amazing invention and has given massive return of investment for those who joined from 2013. From low point in 2013 to 20k in 2017, it has gone from one end to another end. Right now today its trading at $10461 per bitcoin. The prediction is with just 21 million maximum supply it will reach 1 million bucks per coin one day.

Gold has been one of the most popular investment for centuries. Every country or government be it in the past or present always prefer gold reserve over their own currency even to prepare themselves for financial meltdown. Right now GOLD is being traded at $1425/oz.

So my question is which one you would chose for your investment ? Which one you would chose to outperform the other ? GOLD or BITCOIN? Please tell us with a reason why ?

Thanks everyone for taking part in this discussion.

Bitcoin is really high at risk unlike gold, because it's volatile as said. It would still be based on you if you like high or low on volatility, for me I would still prefer Bitcoin if you like to boost the price of your investment fast, but expect to boost it lower as well.. Might as well before investing do some researches first.

[Pyr3x]

It's a simple question for me. I've been thinking about it recently and I know the answer. I will invest in bitcoin and other cryptocurrencies. For me it is fundamentally

[ElmedoRator]

The value of Bitcoin is much higher than gold, I always think that BTC can replace gold. In general, gold and btc are the same, which is to keep speculating. Of course, the fluctuation of gold prices cannot be as strong as the price fluctuation of bitcoins. Here, it's more like investing in stocks.

[Ridwan Fauzi]

I just spend my money into bitcoin and I never choose another place such as in gold or real estate to intend for investing. Actually I still young to start investing in GOLD because I still have a lot of pretension to buy everything that I wanted instantly. So, I choose bitcoin to spend my money for investing, I'm sure bitcoin is a place to buy that I wanted instantly because its movement price. And I'm short term investor, so far I only buy and sell bitcoin if I got profit from it, $100 or even $1000 I have got them since I started to invest in bitcoin. These things has made me comfortable to choose bitcoin and never tried to choose another place beside it.

[crypmon259]

The value of Bitcoin is much higher than gold, I always think that BTC can replace gold. In general, gold and btc are the same, which is to keep speculating. Of course, the fluctuation of gold prices cannot be as strong as the price fluctuation of bitcoins. Here, it's more like investing in stocks.

That is a strong thinking if you feel that bitcoin will replace gold. But the way bitcoin is gaining popularity then who can blame anyone in thinking so.

Yes , investing in both are the best choice