Which investment is a safe haven Gold or Bitcoin?

[Yatsan]

To be honest, I am confused about this now.

Gold is a great investment, to be honest most of the investors are recommending this as an investment, a must-have investment, as they say, it. Bitcoin on the other hand, despite the volatility of it, through the years, a lot of people told me they had a good profit while holding it. Gold and Bitcoin gave good profits for the people and I think despite Gold not being as volatile as Bitcoin, I think there is no such thing as a safe-haven.

Gold and bitcoin is a valuable investment! So why choose on those two when you can diversify your asset and invest on both? Bitcoin is a roller coaster ride while Gold is a steady and good for long term investment. Investing on those two are really good since you can maximize your earning while minimizing the risk of losing your money. Remember that always diversify your asset to get the greatest outcome of your investment. Don't go all in, in one market.

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[taufik123]

Bitcoin does not cover or reach all people. Unlike gold which is already known by many people in various economic circles, ranging from the lower classes to upper classes.

Bitcoin and gold are different and have characteristics that cannot be compared. Bitcoin is fluctuative in price and cannot be controlled by anyone, while gold remains at a stable price that tends to be stable following inflation, the dollar exchange rate and the current global economic situation.

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[Reatim]

Ever since i am young Gold is always what i use to invest like when i got my first job i bought a bracelet that cost more than 1 month of my compensation and until now all of my collections are still in my Vault same as those given by my parents and grandparents.

But since i start learning blockchain?I then realize that there is nothing more much better to invest here in crypto because this is the currency of the future and we must accumulate now before it goes so far soon.

[FlightyPouch]

In terms of being safe, I would go 100% with Gold since there are a lot of times that it is proven how good it is as an investment. Bitcoin is good too but not that safe since we all know how volatile it is in the short run though we should also consider the profits bitcoin gave in the long run. Even though it is volatile, in the long run, people got a lot of profit from it.

I can't argue this to other people since it always depends on their own choices because both have their pros and cons. I actually like gold to be as a safe haven but just like I said they both have pros and cons that's why I am more into Bitcoin than gold. The usefulness of both are depending on the situation just like these days when we have pandemic cryptocurrency is quite useful for sending money to anyone anytime.

But are those people really using bitcoin? Are we all using crypto currency during this pandemic to avoid the contamination of this virus? I don't know about your countries but in ours, people aren't. As the government gives in aids(fiats) to their citizens because of the pandemic, the more they use fiat since it is also the fastest way for them to buy their needs in this pandemic.

[coolcoinz]

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.

[Lorence.xD]

Choosing between Gold and bitcoin as a safe haven for finances depends on each individual, to make things clear both bitcoin and gold have a fixed amount (gold has a fixed amount in the universe). Here are some things to consider, gold has been on the market for a long time and it has once been the symbol for how much a country is worth and for me gold is the safest bet as a safe haven for my finances, on the other hand bitcoin is still a young technology and still can be innovated to reach greater heights, the advantages that bitcoin possess is that anyone can have one unlike gold which is difficult for a layman like almost anyone to acquire, bitcoin have the storage capabilities that a gold cannot possess because of physical limitations, there are distinct disadvantages that the bitcoin have, one of them is popularity, if you make a popularity survey about different asset safe havens, bitcoin will not come to the minds of many people, there are varying reasons for this but in my opinion is like what I said earlier is that this is still a young technology and I believe the rise of popularity will soon come bigger than ever, and the last one I can think of that is significant for many people is its fluctuation in the market, the prices take a dump real quick and the next day it recovers, it is very hard to predict but I think this disadvantage could be used for better purposes if an individual knows how to analyze these fluctuations and use it to his advantage.

In conclusion, safe haven depends on each individual, if you want to play safe, you can invest half and half of your funds on both these safe haven, it minimizes the risk but the returns are a so and so.

[Wolfencloud]

Bitcoin and Gold are both great investment, however we are living in a new generation where technology is used everytime and with that, I think I will choose Bitcoin over Gold as a safe haven because of the fact that earning is more easy on Bitcoin than Gold, also the price of Bitcoin changes a lot which means there is a lot of opportunity for us to make a lot of profit.

[YOSHIE]

Every action there must be a risk about security, gold and bitcoin also have the same thing in storage and investment.

Confidence and trust are strongly recommended in investment, meaning that we know what gold is and what bitcoin is and how it is stored, Bitcoin and gold have their own way of storing gold in the form of real goods that can be held at home and bitcoin cannot be held and touched only stored on the internet technology network.

So here you can take a conclusion about your investment and security, logically you can consider it stored at home or on the internet.
You can take a safe conclusion which if you invest.

gold and bitcoin.

[jhonjhon]

For now the safest digital era is bitcoin because no one is regulating bitcoin transactions. If anyone is talking about digital gold This is really true deception and it will not be long to disappear. If for a longer future physical gold is the original currency.

Gold can't ever become a currency, it is purely an asset unlike Bitcoin can do (both digital asset and currency). That is why we can't compare them both when we are talking about currency to be used in the future.

If anyone is talking about digital gold This is really true deception and it will not be long to disappear.

It probably we are not talking about digital but physical gold.
The thing why (physical) gold is a safe haven it is because its price moves high every year. Though not that much but it is satisfying enough compared to what we got bitcoin which usually will come into ups and down all the time.

[sheenshane]

Golds and Bitcoins are both good investments in terms of their value for gold historically is considered one of the most precious assets, and become as the measuring tool for the value of other assets. While bitcoin though is still new but has already shown us the stability of its value even during this time of crisis and there is economic recession globally.

For us to find out which is the better safe haven we must consider how the value of these two can be affected or can easily change base on the economy. During this global economic recession where foreign exchange keeps on going down, and if it continues then the value of gold will be affected as well like when you buy a bar of gold right now and because of this economic recession, there will be no guarantee that you may sell it on a higher price.

Bitcoin and other cryptocurrencies since these are decentralized then its values cannot be easily affected by the economic recession. Though, like other investments, there are always risks better to do researches before considering it as your safe haven. And to answer your question in my opinion it will be Bitcoin but that is only for me.

[pakhitheboss]

Indo not understand why people have started comparing Gold with Bitcoin. Bitcoin is only a decade old and the amount of expectation from it is very high.

I prefer to invest in both. In my opinion those who do not want risk and want to cash out on their investment at any time they should go for Gold.

Those who are okay with market risk and want to earn high return they should invest in Bitcoin. The risk is significantly high to Gold but the return are also very high.

[7788bitcoin]

Choosing between Gold and bitcoin as a safe haven for finances depends on each individual, to make things clear both bitcoin and gold have a fixed amount (gold has a fixed amount in the universe).

Gold mines are found and there is no limit for the amount of gold left to mine and you can correlate to the coins which are not limited in circulation, yearly around 3000 tonnes of gold are added to the total supply and it is not a small quantity considering the price.

In conclusion, safe haven depends on each individual, if you want to play safe, you can invest half and half of your funds on both these safe haven, it minimizes the risk but the returns are a so and so.

The idea of safe heaven depends upon the amount of risk one is able to take, gold is a proved asset for centuries as a safe heaven but with bitcoin you cannot call it a safe heaven until proven, investors who are optimistic might considers bitcoin as a safe heaven, if all depends upon your entry point and how long you are planning to hold.

[rexxarofmoknathal]

Investing in both assets are good due to their supply and demand across the markets that they are traded on. I think it depends on who the investor is really. If he/she is into stocks then I guess he might prefer investing into gold as a commodity but if it's a crypto investor then your guess will be right as mine, bitcoin it is.

I agree with the above, whichever is better really depends on your position in crypto vs stock market. As it stands at the moment the stock market is taking a bigger plunge than the crypto market but unlike crypto the stock market doesn't usually suffer of frequent fluctuations or at least not as much as crypto. Both are good investments. Gold is still the most popular while BTC is still growing. Though, if I were you and had a lot to invest I'd go with both, otherwise with whichever market you hold dearest  

[gundala]

snip~

Not many people will agree with you on this choice of bitcoin. Am one of them. Bitcoin has great potential to overtake gold but that will be when mass adoption is achieved for bitcoin. Until then bitcoin will continue to remain with certainty and nobody likes to invest where he or she is not sure of the investment.

When compared with the adoption and existence of gold, bitcoin is not that good. Moreover, the volatility is very high, the opportunity to get price increases is indeed fast, so is the bad situation when prices fall quickly, cryptocurrency is full of surprises.

Investing in gold and bitcoin is equally risky if we cannot adapt well in both ecosystems. The risk of loss is always there if we do not manage its security properly. Although I am very interested in bitcoin as an investment, but I prefer gold to secure assets, more stable. So I choose to split it 50:50.

[Janation]

To be honest, I am confused about this now.

Gold is a great investment, to be honest most of the investors are recommending this as an investment, a must-have investment, as they say, it. Bitcoin on the other hand, despite the volatility of it, through the years, a lot of people told me they had a good profit while holding it. Gold and Bitcoin gave good profits for the people and I think despite Gold not being as volatile as Bitcoin, I think there is no such thing as a safe-haven.

Gold and bitcoin is a valuable investment! So why choose on those two when you can diversify your asset and invest on both? Bitcoin is a roller coaster ride while Gold is a steady and good for long term investment. Investing on those two are really good since you can maximize your earning while minimizing the risk of losing your money. Remember that always diversify your asset to get the greatest outcome of your investment. Don't go all in, in one market.

I would do that, but the question here is what is the safe-haven investment.

I would be stupid if I will just be running one machine if I can run two, right? That would make the work faster and double the profit I can have. But since we are talking about a safe-haven, my answer is still not that good. Gold is great but I watched a video in the past where they talked about Bitcoin being a safe-haven and obviously, they compare it with Gold. This "renowned economist" said that even gold with its long time is still risky, how much more is Bitcoin with a shorter time in the market.

https://cointelegraph.com/news/is-bitcoin-a-safe-haven-for-your-money

[Ronaldcoin2017]

Bitcoin is profitable if we have a gots to wait for a very long time, it also needs a great patience in order for us to earn, so if we dont have patience we better choose gold because gold is not really high on volatility compaired to bitcoin so if we wanted to have a safe investment we need to choose gold for good.

[jago25_98]

Gold is heavy, physical, difficult to move from one place to the other. The so-called Physical Supply Chain is what makes Bitcoin " better".

As you can keep your bitcoin easily with you in whatever quantity you want. In times of disruption, you can move anywhere in the world with your whole capital. Although gold has value as a precious metal, I do believe that Bitcoin outperforms Gold as a safe haven. But if you look at building a portfolio I believe diversifying is key and both gold and bitcoin are good to have in there.

Covered it in today's video (also previous videos)  https://youtu.be/e2_L7YHS-bU  Explaining Gold vs. Bitcoin

[Casdinyard]

I guess gold is much safer. But I don't understand why Bitcoin and gold are constantly compared? I don't see any resemblance.

People consider both an investment so they compare. Gold has always been safer since its regulated but BTC had put itself above because it's also valuable and investors make money out of it. At this time though, BTC is the much preferred. I guess there is time for each to be safe haven when bear market comes, investors may find Gold to be safe haven as well.

It is very obvious, yet people are still asking what is the safe investment between gold and bitcoin. Obviously it would be the Gold since the price of gold is intrinsic, meaning its price reason out to be its properties that's why the value of gold differs from various karats unlike bitcoin whose price is determine through demand and supply. It is just a case for centralized asset vs decentralized asset, basically the centralized one is more safer since it is regulated.

[MicroGuy]

I guess gold is much safer. But I don't understand why Bitcoin and gold are constantly compared? I don't see any resemblance.

Satoshi Nakamoto used the term 'gold' twice in the whitepaper to describe the currency at the protocol level.

In addition, it has many of the same inflation/supply characteristics as gold. And gold has been used as a form of money for centuries.

[Chris Barth]

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.