|
BitcoinPanther
|
 |
July 22, 2019, 03:26:24 PM |
|
I don't want to choose when I can choose both. Why should I gamble when there is a way for me to be secure. I am aiming for long-term investment and both are good for long-term investment.
Do not put your eggs on a single basket. I will put my money for both and I will surely win. Slowly but surely.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
davis196
|
|
July 22, 2019, 04:55:39 PM |
|
I would choose both.Gold gives more security and protection against a big market crash.
Bitcoin,on the other hand,has a bright future in the long term(if no crypto ban happens)so it has to do up and at least double it's price in the next 2-3 years.I'm not one of the insane bitcoin fanatics,predicting a 100K USD price by the end of 2020.
|
|
|
|
Artemis3
Legendary
 Offline
Activity: 2030
Merit: 1563
CLEAN non GPL infringing code made in Rust lang
|
|
July 22, 2019, 05:03:10 PM |
|
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.
You know its far more easier to hide your bitcoin stash (a single piece of paper with a bunch of words written by hand) than a gold stash. You see, that piece of paper can literally hold billions of dollars (or a few cents). I personally do not think that outrageous price you mention will be reached (unless USD collapses), so forget the get rich quick scheme, that only worked for the early investors, the later ones can make some money but are destined to never reach those gains. But, if you happen to have a bunch of gold lying around, you can actually trade it all for bitcoin and save a lot in the process. No more vault/bank renting, or hiring security guards, etc... The mere existence of bitcoin might press against the gold price. I think at some point you will see some people selling their metals to go into Bitcoin, once they learn Bitcoin's benefits. Think again. Your many stories high fortune can take the same space than 1¢: a piece of paper with a bunch of written words by hand... And if you are clever, you can even steno-graph those in some book or so... There is probably going to be a new type of millionaire that remains hidden in plain view, someone who never works but doesn't appear to be in financial trouble either, ever. If the person is disciplined (no stupid "rich" life), he/she can spend the rest of their lives in complete anonymity. |
█████████████████████████
██████████████████████████
██████████████████████████
███████████████████████████ | BRAIINS OS+| | AUTOTUNING
MINING FIRMWARE| | Increase hashrate on your Bitcoin ASICs,
improve efficiency as much as 25%, and
get 0% pool fees on Braiins Pool | |
|
|
|
|
maxreish
|
|
July 23, 2019, 06:16:57 AM |
|
There are always comparison with bitcoin vs gold. For a long term investment, if you want a secure profits then go for gold since the longer it stayed, the higher it's price. While bitcoin is volatile even if you hold it for a long term. Though i must say, I always envy bitcoin especially when it really boomed but the market is unpredictable and the risks is really high compare with gold. But I can prove to you that bitcoin for a long term investment is really really profitable.
|
|
|
|
|
Chrisdstar
Member
Offline
Activity: 106
Merit: 10
|
|
July 23, 2019, 06:42:19 AM |
|
I would invest in bitcoin cos of its rapid price appreciation,even though it may experience some decline but in the long run,there is so much to gain
|
|
|
|
Qurelal
Jr. Member
Offline
Activity: 182
Merit: 1
|
|
July 23, 2019, 07:39:23 AM |
|
Considering the key differences between Bitcoin, one of the major cryptocurrencies, and gold, enables traders to make informed decisions and capitalize on price movements. The main differences include volatility levels, storage procedure, and sources of demand.
|
|
|
|
|
AlaEhBTC
Jr. Member
Offline
Activity: 308
Merit: 3
|
|
July 23, 2019, 07:44:27 AM |
|
In my situation, I will invest in Bitcoin. It is hard to get gold without using your own money not like in crypto currency where there are a lot of things to do to earn satoshis by just sitting in front of your computer.
|
|
|
|
|
|
maydna
|
|
July 23, 2019, 07:58:16 AM |
|
I prefer to choose bitcoin and gold together as the investment for the long term because both bitcoin and gold can work together to give a big profit for us. Besides that, for buying both bitcoin and gold, we don't have to buy a full 1 bitcoin or 1 gold, but we can buy with a small fraction and keep it for a long time. But some people prefer to buy bitcoin only because they feel too risky to save gold in their home and that could attract thief to steal the gold. And if they invest in bitcoin, they can keep their secret and not says to other people on where they keep the bitcoin.
|
|
|
|
|
romero121
Legendary
Offline
Activity: 3164
Merit: 1213
|
|
July 23, 2019, 08:24:18 AM |
|
With what I have in the form of fiat I'll invest into bitcoin, because after years I don't think we'll get an opportunity to buy at such a low price as now. This could get good profit in the long term as well could go low which we need to understand and invest.
For gold investment I'll keep a very small fund separate from my earning for every month. This will make a stable investment as well there won't be much of growth experienced over the same in the long term. As it has high liquidity than bitcoin this will serve as a investment for immediate needs.
|
|
|
|
|
|
paolo099
|
|
July 23, 2019, 08:26:56 AM |
|
i would invest in both for a simple reason: both are quantity limited.
Let me clarify a bit, besides the gold already in the market with different forms, the effort to find, mine and create ingots or jewels is quite high, hence the value.
BTC and gold are both a long term investment, with BTC you can play with the market for some short trades gains.
|
|
|
|
|
Wind_FURY
Legendary
Offline
Activity: 2912
Merit: 1825
|
|
July 23, 2019, 08:35:24 AM |
|
OP, hodling gold might take you 100 years more to get the same profit against hodling Bitcoin for 5 years. More volatility is stressful, but it will pay off faster. Plus you're involved in the new paradigm shift. That's something to be proud, and tell your grandchildren.  |
| .SHUFFLE.COM.. | ███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████ | ███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████ | .
...Next Generation Crypto Casino... |
|
|
|
kryptqnick
Legendary
Offline
Activity: 3094
Merit: 1385
Join the world-leading crypto sportsbook NOW!
|
|
July 23, 2019, 09:10:21 AM |
|
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."
That seems rational. I, however, would choose Bitcoin and perhaps some other cryptocurrencies over gold. The reason for this is that gold has been around for too long and pretty much everyone believes it's a good investment. But Bitcoin, while seems to be a secure long-term investment to me, is way less known and is still very new. Gold is literally unable to bring even comparable profits. Over the last 5 years, the price went from $42k/kilo down to $34k/kilo and up to $45.6k/kilo. These fluctuations are tiny and even insignificant if compared to Bitcoin. After all, over the last 5 years, Bitcoin went from $500/coin down to $200/coin, up to $20k/coin and is currently worth $10k/coin. So if you bought Bitcoin 5 years ago and just cashed out now, you'd have 20x profit. Compare it to less than 1.1x with 5 years of gold. |
|
|
|
Artemis3
Legendary
Offline
Activity: 2030
Merit: 1563
CLEAN non GPL infringing code made in Rust lang
|
|
August 09, 2019, 03:20:30 PM |
|
Both are great and profitable assets. Holding gold takes a longer period for one to get profits as compared to bitcoin. What gold will use 50years to acquire something achievable and lucrative, bitcoin will use only 5 years to get there.
It is wise to diversify. I don't see gold as an investment for growing, its more like a refuge to not lose (because all fiats lose, albeit most do it slowly). Gold price has matured over time, it is generally considered that it won't have a sudden price fluctuation, but unlike bitcoin this is not a given. People say there is not much more gold, but there is, maybe not on earth but in space... In 50~100 years maybe someone finds a rock full of gold and bring it. Of course most people here are not worried for such long terms, but some entities should. Suppose you are both believer and scared of bitcoin, what do you do? You put half in gold and half in bitcoin. If bitcoin crashes (unlikely) your other half is safe. If bitcoin goes moon, half your fortune multiplies. Yes, you would have gotten more if you committed all of it, but if you are wrong you would have lost all your fortune. Never put all your eggs in the same basket... This is easier for those with capital, ironically, those with more money can make more money without fear that those with few or little money to invest who end making more mistakes and losing more. Of course, i already mentioned before the inconvenience and security issues of actually holding gold. With crypto you can be a closet millionaire, without anyone ever suspecting anything... |
█████████████████████████
██████████████████████████
██████████████████████████
███████████████████████████ | BRAIINS OS+| | AUTOTUNING
MINING FIRMWARE| | Increase hashrate on your Bitcoin ASICs,
improve efficiency as much as 25%, and
get 0% pool fees on Braiins Pool | |
|
|
|
|
Lauren Smith
|
|
August 09, 2019, 08:19:10 PM |
|
Bitcoin. Gold is ancient. If you have disposable income then you can spend some of it on gold. Basically buying gold just because you can. You should be seeing bitcoin as a currency and not so much as an investment.
Or at least both. Maybe it is like stocks you can trade with? An investment you can spend directly?
|
|
|
|
|
bkbirge
|
|
August 09, 2019, 08:29:46 PM |
|
The moment someone mines an asteroid, gold's scarcity will be a thing of the past. And on the time scales you need to become wealthy from just investing in gold then that's not a far fetched concern. Bitcoin on the other hand is a fixed supply in perpetuity. I'd go with bitcoin but as many others have said it's always good to diversify with uncorrelated assets, a little cash, a little gold, a little crypto, some stocks (I'd avoid bonds at this point), real estate, fine art, wherever you can park your wealth.
|
|
|
|
|
|
klaaas
|
|
August 09, 2019, 09:01:16 PM |
|
Bitcoin. Gold is ancient. If you have disposable income then you can spend some of it on gold. Basically buying gold just because you can. You should be seeing bitcoin as a currency and not so much as an investment.
Where gold moves slower price wise it is the save pick but with Bitcoin following the same direction and still has allot to gain it may be a better option to go for long term as investment. The additional value Bitcoin adds over gold is that it can be used to easily send/receive by anyone anywhere what could make it a global currency. |
|
|
|
dimastegar
Sr. Member
Offline
Activity: 798
Merit: 251
Small Trader
|
|
August 09, 2019, 11:58:23 PM |
|
I am a person who is not complicated. I choose Bitcoin. Because I can access from wherever and whenever my assets. This is the advantage of Bitcoin. And the benefits that can be received if investing in Bitcoin can be more than gold that tends to have stable prices.
|
|
|
|
|
shoreno
|
|
August 10, 2019, 01:14:45 AM |
|
there are so many threads like this before ( gold vs btc , btc vs gold ) but this one of yours is different and i think i never seen this before because you asking if which one is the best for long terms . so my answer will be gold not because im a suporter of gold and i hate btc but infact i love btc and i hodl btc , its just gold is already proven for many years and there will always be a market for gold in the future even no golds can be mined on earth but for btc , its still no assurance that it will last forever .once people stop using btc , there will be no markets for it
|
|
|
|
|
|
fiulpro
|
|
August 10, 2019, 01:35:36 AM |
|
Hey
I think for the safe side if the country allows and everything goes well I would definitely buy bitcoins in this time , we already know it is going to be the golden years for bitcoins soon therefore I think right now the best investment would be Bitcoins.
Gold is slow and steady and the growth rate is good when you think about the long term investments but at the same time freedom that you have regarding the dealing with gold is kind of less , you know therefore I think if you are going for the slow and steady gold is the best but if you want to make real profit and are ready to risk it then there is nothing better than bitcoins.
|
|
|
|
pkshopvip
Newbie
Offline
Activity: 2
Merit: 0
|
|
August 10, 2019, 01:37:23 AM |
|
Earn commissions when you shop, up to 20% commission. Commissions can be redeemed at any time of the day. We trade in any country in the world via bitcoin. You only need to click on the promotional link, http://pk-shop.vip/register/PKSHOP-1605D49376132AD7 to register or forward to a friend, you will receive a commission. |
|
|
|
|
|
