Is it a good time to buy BTC or Gold?

[wheelz1200]

Just read this article on whether it's a cool idea to get gold this christmas:


https://cryptotradernews.com/investing-trading/should-buying-gold-be-on-your-christmas-list/


My reasoning to NOT buy gold:

BTC is on sale
the price of gold is not on sale

My reasoning to buy gold:

It's shiny?

Why choose.  Buy both, diversifying asset classes is always recommended.  I mean if you only had a chance to buy one for some reason I'd probably go with bitcoin.  I just think the upside is huge obviously, but the stability of gold is also nice.  Choose both 

[Oceat]

both are very good. buying gold is an investment in the real world, while buying Bitcoin is an investment in online (crypto), buying gold does not have to be at Christmas. because I think for the long term, you can buy it now. as well as bitcoin. You can buy now for future investment. if you have a lot of bitcoin, I think buying gold with some bitcoin is good.

although both types of investment are good, but so far I only have bitcoin, and I don't have gold. I always think that owning gold is a good investment. it's just that seeing its development long enough makes me prefer bitcoin over gold. although the risk is quite high, but with the right decision I think we can minimize it. however, both are still good investment tools for the long term.

I'm with you when choosing what should I invested with my money. I find it easy to invest in Bitcoin rather than in gold because there's a less hassle in Bitcoin than in gold. Well, this is just my opinion though but I agree that both are good for investment but I prefer Bitcoin than gold.

[wheelz1200]

both are very good. buying gold is an investment in the real world, while buying Bitcoin is an investment in online (crypto), buying gold does not have to be at Christmas. because I think for the long term, you can buy it now. as well as bitcoin. You can buy now for future investment. if you have a lot of bitcoin, I think buying gold with some bitcoin is good.

although both types of investment are good, but so far I only have bitcoin, and I don't have gold. I always think that owning gold is a good investment. it's just that seeing its development long enough makes me prefer bitcoin over gold. although the risk is quite high, but with the right decision I think we can minimize it. however, both are still good investment tools for the long term.

I'm with you when choosing what should I invested with my money. I find it easy to invest in Bitcoin rather than in gold because there's a less hassle in Bitcoin than in gold. Well, this is just my opinion though but I agree that both are good for investment but I prefer Bitcoin than gold.

What do you mean there is less hassle with bitcoin than with gold?  Do you mean the storage and/or movement of gold vs bitcoin?  If so I kinda agree but gold and other precious metals certainly has thiere space as an investment. 

[Pinkris128]

Just read this article on whether it's a cool idea to get gold this christmas:


https://cryptotradernews.com/investing-trading/should-buying-gold-be-on-your-christmas-list/


My reasoning to NOT buy gold:

BTC is on sale
the price of gold is not on sale

My reasoning to buy gold:

It's shiny?

in my own personal opinion, buying gold is not worth it because it will not make you rich when you inveat your money with it. Buying bitcoin is still worth even it's price is down because when it's price starts to goes up, it will be worth it, that is why buy a bitcoin today until it is in a cheaper price.

[aardvark15]

I would diversify and get some if both Bitcoin and gold. I even prefer to diversify further by holding some ETH as well as a couple of other altcoins. This is in addition to mutual funds as well.

[atjiat]

I would diversify and get some if both Bitcoin and gold. I even prefer to diversify further by holding some ETH as well as a couple of other altcoins. This is in addition to mutual funds as well.

Indeed, you are saying the right thing, because it is quite reasonable to make your investments in several promising coins, and not focus on bitcoin, listening to very sweet forecasts.  In any case, such actions will be beneficial in the future and will save you a lot of risks, because at least a few percent of all investments will bring good benefits to the user.  If Bitcoin and Ethereum do not raise doubts among investors, then the choice among other altcoin is very difficult.

[STT]

Why choose.  Buy both, diversifying asset classes is always recommended.  

In 30 years of finance study I would say that is the best idea.   Gold by itself is a very bad idea but certainly nowhere close to the worst choice but its a very slow moving 'big money' asset.    The ideal way to consider gold is with regards to a pension, an old saying used to be to save a gold coin from your National Mint for every year of work you do.   A person who saved a gold coin every year would not be a pauper in retirement, over that long period you will buy gold at cheap and high prices but eventually it will just carry forward your labour worth as proper savings.  
   Here is a chart for paper money in comparison, its not recommended to rely or let your family wellbeing be dependant on such declining worth:

Giving gold as a gift for the holidays would be a nice thing and probably one of the only reasons to buy gold at all right now.

I was going to do that but giving out ounces of gold is kinda big.   Its worth it if it encourages people to save a little themselves over time and they will benefit.    I may to wait for a service to open up to make this easier, Im in two minds about giving actual coins as its lower cost margin to just own the gold allocated somewhere.

[JohnBitCo]

both are very good. buying gold is an investment in the real world, while buying Bitcoin is an investment in online (crypto), buying gold does not have to be at Christmas. because I think for the long term, you can buy it now. as well as bitcoin. You can buy now for future investment. if you have a lot of bitcoin, I think buying gold with some bitcoin is good.

although both types of investment are good, but so far I only have bitcoin, and I don't have gold. I always think that owning gold is a good investment. it's just that seeing its development long enough makes me prefer bitcoin over gold. although the risk is quite high, but with the right decision I think we can minimize it. however, both are still good investment tools for the long term.

I'm with you when choosing what should I invested with my money. I find it easy to invest in Bitcoin rather than in gold because there's a less hassle in Bitcoin than in gold. Well, this is just my opinion though but I agree that both are good for investment but I prefer Bitcoin than gold.

What do you mean there is less hassle with bitcoin than with gold?  Do you mean the storage and/or movement of gold vs bitcoin?  If so I kinda agree but gold and other precious metals certainly has thiere space as an investment. 

Gold is always been a save investment while there is a lot of risk involved in bitcoin investment. Although, many people outside this forum will suggest Gold as an investment but I would still prefer Bitcoin over gold. The return of bitcoin is beyond imagination and when bitcoin halving is near, anything is possible.

[FLoving]

I would diversify and get some if both Bitcoin and gold. I even prefer to diversify further by holding some ETH as well as a couple of other altcoins. This is in addition to mutual funds as well.

I think it is modern era and not the time to invest in gold. A golden age of bitcoin is again to start in the coming year so better decision will be that to invest in bitcoin. From the past of bitcoin we can say that none of other asset will give us that profit which bitcoin investment will give us. I am also invest much of my money in bitcoin to get the profit in the coming year.

[suvo05]

If you want your money double( risk involved**) invest in BTC and if you need secure benefit, buy gold. When you are buying gold then you are investing in a precious metal which will increase in price of course but you need to wait for the price rise. And in case of BTC the price will also rise of course and you will get a better return of your investment than Gold. And the BTC price is always volatile so you need to **keep your nerve. You will hear " bitcoin is dead" multiple numbers of times you need to ignore them.

[barabarian1]

of course now is the right time to buy bitcoin. the current bitcoin price of $ 7,000 is quite low compared to the previous price of around $ 9,000. and of course in my opinion it's better to buy bitcoin than gold. because bitcoin has price fluctuations that can provide huge benefits. gold is also a good investment tool but the value of the increase is not too high like bitcoin. so I would rather buy bitcoin than gold.

[TitanGEL]

In terms of growing your investments it is better if we will buy bitcoin than gold. Those people who buying gold are the people who want safe investment. The value of gold is continue to grow over time but its value is only growing a small percentage and compare to bitcoin; the value of bitcoin is eising so fast because of the demand of the people. As bitcoin becoming more popular, the desires of people are also growing as time passing by.

[Free1bitco.in]

I would diversify and get some if both Bitcoin and gold. I even prefer to diversify further by holding some ETH as well as a couple of other altcoins. This is in addition to mutual funds as well.

in fact, it is the best decision, just don't do too much exploration. for bitcoin and gold, that's pretty good, and if you add some altcoin, I suggest just having popular altcoin.
back to gold and bitcoin, for the time being, I also do the exploration only, I aim to make the amount of bitcoin that I have currently more than gold or another altcoin. however, the advice regarding bitcoin is still quite large because halving will happen soon and it has the potential to develop.

[Divinespark]

of course now is the right time to buy bitcoin. the current bitcoin price of $ 7,000 is quite low compared to the previous price of around $ 9,000. and of course in my opinion it's better to buy bitcoin than gold. because bitcoin has price fluctuations that can provide huge benefits. gold is also a good investment tool but the value of the increase is not too high like bitcoin. so I would rather buy bitcoin than gold.

You are thinking in case of a price rise, but you are not thinking if the market collapses, your money will be lost. Investing in this market is really dangerous and we can lose money at any time, investing in gold is a safe investment because gold is very stable and does not fluctuate too much. So investing in gold or Bitcoin is a good choice, Depending on each person's wishes

[CodyAlfaridzi]

My reasoning to NOT buy gold:
BTC is on sale
the price of gold is not on sale

My reasoning to buy gold:
It's shiny?

LMAO, it's shiny.

Yes, with the chance of a recession in the near future, I think it's a good time to divest to gold or Bitcoin. I choose Bitcoin though because of the potential return especially with halving coming in about 5 months! Reason to choose Bitcoin over gold: It's the new gold, it's fancy, futuristic lol seriously though because it has bigger upside potential. Reason to choose gold over Bitcoin: It's the common store of value, time-proven, less risky than Bitcoin.

[beerlover]

Gold had a very steep fall in the recent 2 months, I know gold itself is a long term investment that usually pays off thanks to gold being anti-inflation and helps out with you keeping the value of your finances but reality is that in short term in 2 months it had a bad time (after couple months of amazing returns) so maybe in the short term it could also been beneficial.

If you buy gold right now you are buying cheap gold that could potentially worth a lot more in the upcoming months, by this summer we can see a %5 increase in the price and even tho that is very small in crypto world (we have seen %5 movements daily many times) some people want more guaranteed investments over more risky ones. However if you don't mind the risk bitcoin is still by far the best potential investment you can make.

[MuffinMaster]

It good time to buy bitcoin as its price is very low but don’t forget that gold is stable investment and is trusted for centuries. If I have to choose between the two, I will invest major portion in gold and minor in BTC. 60/40 would be a great ratio.

[CyberKuro]

I have bought gold since a few months ago, but not at this time as bitcoin price really tempting to stack more in my wallet.
The price of gold keeps rising in years, hence it's a good safehaven long-term investment, better than bitcoin I guess, if someone chooses to invest, better to buy both and watch closely the market-trend to make a right call.

[Bagaji]

I have bought gold since a few months ago, but not at this time as bitcoin price really tempting to stack more in my wallet.
The price of gold keeps rising in years, hence it's a good safehaven long-term investment, better than bitcoin I guess, if someone chooses to invest, better to buy both and watch closely the market-trend to make a right call.

If you are saying investing in gold is good safe Haven for long-term then why are you advising people to invest in both of them again if you believe Bitcoin investment is not a safe Haven for a long term.

[marcous]

Gold and Bitcoin are different things if you choose assets that will go up every year it is definitely gold and gold. considering the price of Bitcoin is not stable. maybe if you buy bitcoin, of course, you can get instant profit when Bitcoin goes up, only we never know when the price of Bitcoin will rise from the rate that you buy now.