tvplus006
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June 08, 2020, 07:23:51 PM |
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In my opinion, gold is a great stable asset that can help you to protect your capital and money during this pandemic. Gold is most trusted by the people and there is no way gold can fluctuate 30-40% in a month. Bitcoin, on the other hand, can give you a big profit if you have a good entry and good exit. For example, in early April, Bitcoin dropped to $2000. If you bought them, you would probably earn 400% right now I guess there is no place that can be called a safe-haven asset. It's just about the people who are wiser than the others
This would have been a good entry point at $2000, but there was no such price in April as you point out. But even at the price of $3782, which was in March, you could make really good money. This size of profit for 3 months can not give any gold or other business.
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TheGreatPython
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June 08, 2020, 09:32:42 PM |
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with barely 6 months into the year, 2020 has been dramatic and very eventful with the stock market slump, march 12 Bitcoin sell-off, oil price trading in the negative, etc. From the investment perspective, taking YTD Bitcoin and Gold performance amidst this ongoing pandemic which asset has upheld the safe-haven narrative between gold and Bitcoin?
Gold has been the safe haven for years now, and I don't think that has changed, it's still the same thing. And as for Bitcoin, it remains an asset that is volatile. But that doesn't mean that Bitcoin is not good. You can invest in both and although which of them has really performed better this year 2020, they are still very good. Though from what I have read sometime, gold was able to remain quite stable at the time Bitcoin and other markets were falling due to the pandemic. The good thing with Bitcoin is that after the fall, it didn't take long for it to move back up again, unlike see assets that dropped and are still finding it difficult to get back up.
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Nhor1011
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June 08, 2020, 11:39:59 PM |
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with barely 6 months into the year, 2020 has been dramatic and very eventful with the stock market slump, march 12 Bitcoin sell-off, oil price trading in the negative, etc. From the investment perspective, taking YTD Bitcoin and Gold performance amidst this ongoing pandemic which asset has upheld the safe-haven narrative between gold and Bitcoin?
If your talking about safety, Gold is safer than bitcoin ever since and despite of covod19 pandemic the value of Gold remain stable unlike bitcoin with volatile value. But in our current situation bitcoin is great opportunity to earn and survive even stay at home. Maybe it was not safe like Gold but it was profitable than on it.
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Twinkledoe
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June 08, 2020, 11:46:09 PM |
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with barely 6 months into the year, 2020 has been dramatic and very eventful with the stock market slump, march 12 Bitcoin sell-off, oil price trading in the negative, etc. From the investment perspective, taking YTD Bitcoin and Gold performance amidst this ongoing pandemic which asset has upheld the safe-haven narrative between gold and Bitcoin?
If your talking about safety, Gold is safer than bitcoin ever since and despite of covod19 pandemic the value of Gold remain stable unlike bitcoin with volatile value. But in our current situation bitcoin is great opportunity to earn and survive even stay at home. Maybe it was not safe like Gold but it was profitable than on it. Though we are all crypto users here, many will still choose gold as this has been a safe haven for centuries. But if you are a risk taker, you will allot a certain percentage to bitcoin. Never put all your eggs in one basket, right? So it is always better to diversify your portfolio. And since you are already a crypto user, why not buy some bitcoin, after all, most of us believe the capability of bitcoin in the coming years?
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Lorence.xD
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June 09, 2020, 07:33:38 AM |
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when the pandemic of the price of Gold and cryptocurrency is really good, both of these assets have increased, so if you want to choose, of course I choose both of these assets for 2020
Having to choose from the both of them is impractical, they are both a good safe haven for your finances, though bitcoin looks like it is winning many hearts, I think they both have inherent disadvantage that we should consider, one is that bitcoin is volatile which could dump anytime but the rewards are very high, on the other hand, we can't simply get a gold at your local pawnshop because there is difference. In conclusion, no matter what you choose, you should be wise about it because your financial stability depends on it.
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mnporter2001
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June 09, 2020, 08:20:41 AM |
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with barely 6 months into the year, 2020 has been dramatic and very eventful with the stock market slump, march 12 Bitcoin sell-off, oil price trading in the negative, etc. From the investment perspective, taking YTD Bitcoin and Gold performance amidst this ongoing pandemic which asset has upheld the safe-haven narrative between gold and Bitcoin?
I believe that Bitcoin is still a better haven than gold. Although the crypto market has a small market capitalization, I believe this halving event will soon attract millions of investors to the crypto market. At that point, they will push the price of bitcoin according to the fomo news of financial experts, then we will see the price of bitcoin higher than $ 16k. There are many advantages to bitcoin being able to grow compared to gold. When the economy is stable, people will use money to invest and then they will sell off gold. That's why I prefer holding bitcoin.
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shoreno
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June 09, 2020, 10:26:44 AM |
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with barely 6 months into the year, 2020 has been dramatic and very eventful with the stock market slump, march 12 Bitcoin sell-off, oil price trading in the negative, etc. From the investment perspective, taking YTD Bitcoin and Gold performance amidst this ongoing pandemic which asset has upheld the safe-haven narrative between gold and Bitcoin?
If your talking about safety, Gold is safer than bitcoin ever since and despite of covod19 pandemic the value of Gold remain stable unlike bitcoin with volatile value. But in our current situation bitcoin is great opportunity to earn and survive even stay at home. Maybe it was not safe like Gold but it was profitable than on it. Though we are all crypto users here, many will still choose gold as this has been a safe haven for centuries. But if you are a risk taker, you will allot a certain percentage to bitcoin. Never put all your eggs in one basket, right? So it is always better to diversify your portfolio. And since you are already a crypto user, why not buy some bitcoin, after all, most of us believe the capability of bitcoin in the coming years? not all are guranteed crypto users on here because there are also lurkers that are only curious if whats going on in this forum . a legit crypto user will also support crypto and he wont say that gold is better than crypto no matter what , same thing can happen for those who support gold they will also say that gold is better than a crypto because they havent use crypto before . for the last part of your sentence , both bitcoin and gold are applicable to that . we must know our limits no matter what asset we choose so that we will not end up crying if we loose .
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sana54210
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June 09, 2020, 12:00:55 PM |
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It is also both very easy but also very difficult to store gold. The easy one is, you could go and buy a gram of gold in most nations, usually they either have this international one or just a nation reserve one and it is mostly pure gold (well I hope it is at least) which is the easy one to store.
However if you have a million dollars, that is gonna take a huuge space. Looking at google 1 kilo gold bar is around 57 thousand dollars, which means you will have about 17 of those plus one half, 17.5 kilo gold bar is not something you should be carrying nor should be storing anywhere at all. Hence, why you would pick banks but banks are not really places I trust neither, they could do anything at a moments notice as well, what if bank bankrupts because of a crash? I am not taking that risk neither.
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elisabetheva
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June 09, 2020, 12:59:28 PM |
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with barely 6 months into the year, 2020 has been dramatic and very eventful with the stock market slump, march 12 Bitcoin sell-off, oil price trading in the negative, etc. From the investment perspective, taking YTD Bitcoin and Gold performance amidst this ongoing pandemic which asset has upheld the safe-haven narrative between gold and Bitcoin?
I believe that Bitcoin is still a better haven than gold. Although the crypto market has a small market capitalization, I believe this halving event will soon attract millions of investors to the crypto market. At that point, they will push the price of bitcoin according to the fomo news of financial experts, then we will see the price of bitcoin higher than $ 16k. There are many advantages to bitcoin being able to grow compared to gold. When the economy is stable, people will use money to invest and then they will sell off gold. That's why I prefer holding bitcoin. what you say is understandable and I also have the same final conclusion that still bitcoin is the most reliable alternative to investing. gold will always be affected by the movement of US $ and it continues to this day. and it should also be seen how to store bitcoin is safer compared to gold. bitcoin has an advantage over gold, which is clear that prices will be predicted next year to be the highest price that will occur. maybe for this year it will be around $ 15K bitcoin will reach it.
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TopTort777
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June 09, 2020, 01:19:11 PM |
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bitcoin has an advantage over gold, which is clear that prices will be predicted next year to be the highest price that will occur. maybe for this year it will be around $ 15K bitcoin will reach it.
Could you explain what you are talking about? No one ever predicted the price of bitcoin, but count "prediction" as an advantage. How many times these so called "analytics" predicted bitcoin price to be $15k, $20k, $50k, $100k and other thousands of scenarios? How many of them came true? Why none of them in 2019 predicted price drop of March 2020? All of them can 100% predict, that based by the graph, bitcoin's price curve will go from left to right.
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Mauser
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June 09, 2020, 02:42:02 PM |
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with barely 6 months into the year, 2020 has been dramatic and very eventful with the stock market slump, march 12 Bitcoin sell-off, oil price trading in the negative, etc. From the investment perspective, taking YTD Bitcoin and Gold performance amidst this ongoing pandemic which asset has upheld the safe-haven narrative between gold and Bitcoin?
Gold at the moment is already very expensive at the moment. If we see are further spread of corona and a general decline in global demand if believe people will prefer holding cash than gold. So investing at these levels (above 1,700 USD) I don't see much upside. It might be okay to store your value, but you shouldn't forget that the gold supply is not limited. One day there might be a new deposit found and the gold price could drop again. Bitcoins on the otherside are limited in quantity. I think in the long term Bitcoin is a much better safe haven asset. The overall trend of Bitcoins will be upwards. Everybody should hold atleast some BTC.
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saint_casanova
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June 09, 2020, 03:41:45 PM |
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Neither of them could be considered as 'safe haven asset' as their track record in 2020 so far is very disappointed. To be fair, since the corona virus, many kind of assets in the red zone or uncertain zone. That's why I think the question should be which asset is more resistant at this time and my answer is gold.
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coinfinger
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June 09, 2020, 09:16:16 PM |
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In 2020 we could just take a look at the year to date prices and see which one is doing better. Gold has around 10% to 12% increase from the start of the year and bitcoin had around 34% or so increase year to date. Which means bitcoin was 3 times as more profitable compared to gold and that could be the answer of this. Do not get me wrong I am not claiming bitcoin is better than gold nor claim anything other than just bitcoin having 34% profit while gold having 11% this year.
The question says 2020 and this is so far in 2020 and that's it. So, statistics and data proves that if you were a bitcoin holder, you made more profits than someone who had gold at the start of the year. I say that is a pretty good reason why talks about gold versus bitcoin should stop already.
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Kasabus
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June 09, 2020, 10:55:08 PM |
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Neither of them could be considered as 'safe haven asset' as their track record in 2020 so far is very disappointed. To be fair, since the corona virus, many kind of assets in the red zone or uncertain zone. That's why I think the question should be which asset is more resistant at this time and my answer is gold.
Gold has lived already a hundred years and people considered it as a safe investment safer than bitcoin today. It's value is more fixed and it continues to have a higher appraisal as years go by. But with bitcoin, although its value always fluctuates, but we can't deny that it has higher returns compared to gold.
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STT
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June 09, 2020, 11:18:19 PM |
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BTC is more liquid and available to the common people, its cheaper to handle so if you want the simple answer BTC did just fine. Gold on face value did sell off but the whole point of gold is to provide stable available funds, this means many people selling into the market will drop the price but theres ongoing demand for gold over decades so its solid as an asset. The point thats going to be missed is long term assets have their value over decades, if the price is not good in a particular month that doesnt invalidate its position. We obviously have never before seen events and imo we have troubles ahead also but both asset types stayed liquid and available as funds so are useful. A house as an asset is harder to discuss as its not that liquid.
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