Which investment is a safe haven Gold or Bitcoin?

[hatshepsut93]

They both are. We just have to decide what are we trying to save ourselves from. If you want to hedge against traditional markets gold is a bit better because it tends to hold its value better but if you're looking for something that will allow you to transact during a crisis, Bitcoin should be your first choice. Gold is very hard to spend and while it's still hard to find stores that sell stuff for BTC, finding ones that will sell for gold is almost impossible.

People often forget that Bitcoin's properties were designed to allow users to hide and secure their money against malicious third parties, so Bitcoin is indeed a hedge against third scenario's like wars or dictatorships. But the thing is, they are relatively rare and not everyone is going to flee their country just because it's at war. So, for most people on the planet those feature aren't as useful as something like being a hedge against economy, since economic disasters are more common.

[Sirait]

I chose gold as a safe haven because indeed the price of gold had no effect on this plague, it did not go down but instead rose a few percents. while Bitcoin has gone down and up several times during this epidemic

OP, I think you should LOCK this topic because this topic is already very stale 

[PrinceKael]

Traditionally, gold is a "safe haven" investment. This is particularly evident in the various economic crises that have occurred around the world, where investors would retreat to gold, such as the case in the '00-'01 recession and 2008 GFC. However, it also depends on which markets are affected, as well as the economy you find yourself in due to the different effects your currency has on the price of gold versus the USD/GBP/EUR/AUD/JPY etc.

Investors flock to gold in times of incredulous downward volatility because it's quite static. Instead of losing money in the stock market during perilous time, gold entices by offering stability with it's relative static price movements. Although even gold isn't the only "safe haven" investment, and some would argue there are less risky alternatives such as government bonds. Other investors instead seek to capitalise on these movements rather than merely storing value, such as hedging by going long on the VIX or volatility index.

Volatility and value storage isn't the only benefit gold has over Bitcoin, other positives include more liquidity, established base value and the fact that Bitcoin only has 2% of the market cap gold does.

That is not to say Bitcoin isn't a great asset, but it really depends on what you want out of your investment. Bitcoin is extremely speculative and has higher risks than most other financial instruments, but it may also yield a higher reward, as is evident in some of Bitcoin's movements having more than double the volatility of gold, it depends on what, when and why.

If you're looking to preserve your wealth in the short-term, gold, government bonds and cash is the way to go. If you want to increase your wealth with little risk, combine the previous assets with stock ETFs when things look brighter. If, after all that, you have leftover funds and already factored in emergency savings, a small bet on Bitcoin may be well worth it for your future.

[Mulann2]

Gold is lot more safer, less risk and less profitable, Gold has been in existence for so long, from where I come from, women buy gold to preserve their money, it is a safe heaven for most of them, when things are rough, they sell their gold to get ahead,
Btc on the other hand is full of risk and also can be very profitable, this is limited to those who understand crypto, if you can take the risk, then btc will be your best choice, if not, Gold is much safer and can do long term without any worry.

[thisnewcoin]

To be honest, Gold is a better investment than Bitcoin. Bitcoin investment is not for everyone, but Gold is a universal asset, anybody can invest their money on Gold! Bitcoin is too volatile for investment, it can go to 100K USD, or it can go to 1000$, both have the possibility! But Bitcoin investment would be better profitable for the risk-takers, but gold is slow and lower in profit!

[coolcoinz]

I actually have  a feeling that gold is more safe than bitcoin. Bitcoin is really volatile than I even thought. It fell months ago. And months later (today) it's price is way higher. It's just complicated; in and out.

BTW; I've seen this particular topic on this forum. We're advised to search if topics exist before posting them.

It is volatile but in the long run it continues to go up, especially if you compare the days it held above a certain price each year.
Let's ignore the tops for a moment and focus on the average price since Bitcoin was created. You'll see that the only point in Bitcoin's history where you could lose money is bwtween December 2017 and January 2018. In Bitcoin's 10 year long career there were only 2 months where the price overshot completely. It's pretty good if you ask me.

[bearexin]

Anything can be a safe haven for anyone if you want it to be. But I am not going to argue this, we all already know that Gold is the main safe haven and not Bitcoin. But that doesn't mean that you cannot make use of Bitcoin for that same purpose. If you invest in Bitcoin for a long term then your plan is to use it as a safe haven and it's sure likely to work. There are times when it's disappointing and there are also times when it doesn't, and it just grows above the price you have bought your cryptocurrency. Like if you check the chart, the lowest price for every year grows as it goes.

[Skieleton]

Bitcoin and gold have many similarities, but their differences are also significant. Until we decide what exactly we want to compare, we are not able to clearly state what is better. As a payment method in the current digital world, Bitcoin is definitely a better option. Despite this advantage over gold, product prices are still converted into fiat currency. This does not change the fact that in the future it may be easier to buy something quickly for bitcoins than for gold coins.

The most famous cryptocurrency is primarily speculative. Frequent price changes allow you to earn more on trading, but it is also easier to lose money. When trading Bitcoin, you definitely need to adopt a different investment strategy. It should be remembered that due to the fact that trading it lasts for 24 hours, anything can happen. Each investor must decide for himself what to invest better on the basis of risk-to-profit calculation.

Bitcoin has greater price volatility compared to gold. For this reason, it is physical precious metal that is considered a safe haven in times of crisis. The method of storage of both assets is diametrically different and for this reason it is not possible to say which is better. Whether it is better to have physical gold or digital bitcoins depends on many factors. The best solution then is to diversify and own both goods. Bitcoin and gold do not have to be mutually exclusive, on the contrary - they can complement each other.

[yazher]

It depends on what kind of place you are residing and what kind of knowledge do you have. as for me, I will 100% choose bitcoin when I find myself need to choose between those two. because I know exactly how to safely store bitcoin in a safe and secure place. From time to time I am changing my address, it means, I don't reside in a certain place for too long because of my job. so the best investment for me is Bitcoin no matter how you see it. Some people will rather choose gold even though the kind of situation like mine because they also have enough knowledge on how to keep it safe.

[xiboothrezi]

Please tell me when do you think Bitcoin will replace Gold as a safe haven and why?

Even though the price of BTC can reach tens of thousands of dollars, it is not a guarantee that BTC can be safe heaven. The bitcoin market volume is still too small to fulfil the concept of safe heaven assets where traders divert money from risk assets to safer assets to maintain investment value when risk and losses increase. IMO, regulatory issues also increase manipulation and the level of fraud risk.
BTC continues to grow according to its characteristics, it doesn't have to replace gold to become popular because it has a strong character. A good investor will certainly take advantage of both, depending on the right conditions and timing.

[rosepetals]

I agree to some point that gold still safer than Bitcoin.Since Bitcoin is very volatile it can rise any time and fall also.Gold will always be a good investment for a longer period of time but Bitcoin also have great possibilities to grow it's value more,let's see after the halvings will be done.

[Mehedi72]

for safe investment, you should go for gold. because of its stability, price and safety. But if you want to take high risk, then you can go for bitcoin investment. Let you know, anybody can't predict actually about bitcoin. SO Can't say that bitcoin can be a safe investment

[freedomgo]

Obviously gold, though I am here in crypto but I wouldn't lie because we all know how stable gold is an investment and we know how risky it is to invest with bitcoin. But then, though I invested in gold, I am a bitcoin investor as well because I trust its future to be a success.

[Reatim]

Obviously gold, though I am here in crypto but I wouldn't lie because we all know how stable gold is an investment and we know how risky it is to invest with bitcoin. But then, though I invested in gold, I am a bitcoin investor as well because I trust its future to be a success.

I think Gold is not that stable as well though in some ways you are correct but i would rather Buy them both than choosing one.

we have already experienced and taste how good Volatility of bitcoin can give us,in 2017 we are all in good mood trusting and gaining from this currency while Gold still almost the same price up to now.
so Better consider them two for investing than choosing 1.

[kayvie]

It's gold, we all know that gold has been used as safe haven for years. It can hold its value even before and continue to rise slowly over time. While Bitcoin can drop its price at any time or vice versa. It includes a big risk that was really different when using gold as a safe haven.

[fiulpro]

! !BUY Property! !
Buy a piece of Land when the price is down and trust me property sector is going to keep on increasing forever because of the people who are never Willing to decrease the population curve .
Humans have the innate requirement to leave their offsprings and therefore I do think nothing is going to back it off . Even if people have 1 kid , there are countries which are far beyond Saving. See when we study biology we study the exponential growth curve of bacteria where after Lag phase and log phase the bacterias and other microorganisms starts making the environment more toxic for each other and which in turns kills them eventually .
Population boost is something that we should be scared of , but at the same time everything aside , it's an excellent earning source of you are able to make a stable investment .

[jubalix]

Gold can be confiscated

Gold price can be held down by gold cert printing ad Infinitum

Gold is hard to transport

Gold is hard to prove the purity

Gold is heavy

Gold requires a vault/safe

Gold is not native to the internet

Gold is subject to captial restrictions

Gold cannot be taken through the AirPort with you

what do you think?

[AlgoSwan]

When there is state, there is no safe haven! (even land is not safe haven)

The essence of the state throughout history is a minority of the population, constituting a power elite or a “ruling class,” governing and living off the majority, or the “ruled.” Since a majority cannot live parasitically off a minority without the economy and the social system breaking down very quickly, and since the majority can never act permanently by itself but must always be led by an oligarchy, every state will subsist by plundering the majority in behalf of a ruling minority.

The State is the organization of robbery systematized and writ large. The State is the only legal institution in society that acquires its revenue by the use of coercion, by using enough violence and threat of violence on its victims to ensure their paying the desired tribute. The State benefits itself at the expense of its robbed victims. The State is, therefore, a centralized, regularized organization of theft . Its payments extracted by coercion are called “taxation”.

Both gold and BTC can't be taxed. They are better than land in this sense. But still miners of both instruments living in a country run by a government. No safe haven!

[evasmith594]

In my opinion, Gold is a safe investment than bitcoin as gold has been used since a very long time. Also I feel bitcoin is more volatile than gold in the market. But if we see today's scenario, BTC is going to much higher prices and it is beneficial for seller more likely and its predicated that it will go more higher.

[MFahad]

They both are. We just have to decide what are we trying to save ourselves from. If you want to hedge against traditional markets gold is a bit better because it tends to hold its value better but if you're looking for something that will allow you to transact during a crisis, Bitcoin should be your first choice. Gold is very hard to spend and while it's still hard to find stores that sell stuff for BTC, finding ones that will sell for gold is almost impossible.

People often forget that Bitcoin's properties were designed to allow users to hide and secure their money against malicious third parties, so Bitcoin is indeed a hedge against third scenario's like wars or dictatorships. But the thing is, they are relatively rare and not everyone is going to flee their country just because it's at war. So, for most people on the planet those feature aren't as useful as something like being a hedge against economy, since economic disasters are more common.

If bitcoin is truly used as a currency, its value will be far more high beyond imaginations. Consider the whole world using bitcoin as a one world payment solution and we have only 21 million of those bitcoins. The demand will make bitcoin price to reach 100,000$ or more.