Can Bitcoin be considered the “gold” of crypto investment?

[CODE200]

The answer to the question whether you should own bitcoin or gold is simple...own both.

Indeed, this has been being asked many times. Which one is better, which one is more profitable, 2
which is less risky or more risky and the likes.
Every investment has risk and it is a matter of choosing your own poison.
Invest on Gold if you would like to but since its market value is less volatile compared to Bitcoin, profit won't be that big if you are into long term holding, but is ofcourse involving lower risk.

Invest to Bitcoin if you know how to make use of its volatile market price; higher risk but profit is more obvious with this to either long term or short term holding. As for the title, it may and it may not be. Bitcoin is considered to be the "top" crypto but it depends on how you will view things, on investment simply because the profit you will earn from Bitcoin will also be earned to other cryptos but in different "manners" of investment strategies.

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Bitcoin vs Gold, what is a better investment in your opinion?

I think it is not necessary to use many words to say the obvious, this image:



shows how hundreds of people can make a lot of profit with bitcoin, and in gold the person will not get that profit in such a short time. of course bitcoin has high risk, but if we are talking about investments, then bitcoin is the winner

[Silberman]

Just a little over a week ago, Stanley Druckenmiller, an American billionaire, spoke on CNBC about his views on Bitcoin:
that it “could be an asset class that has a lot of attraction as a store of value to both millennials and the new West Coast money.”

In recent years, investing in Bitcoin has been seen as a possible way to diversify one’s investment portfolio.
As a result of COVID-19 and what’s happened to the stock markets, an intriguing question has been brought up:
is investing in Bitcoin as good as investing as gold?

Bitcoin vs Gold, what is a better investment in your opinion?

It is obvious that bitcoin is in fact the gold of the market of cryptocurrencies, however what is a better investment option depends entirely on your needs and wants, for example for someone that is very comfortable with the amount of money that he has and that is worried about keeping his wealth and not as much in increasing his wealth then gold is by far the better option, but if you care more about increasing your capital during the next years or even the next decade then bitcoin is by far the best option.

[hatshepsut93]

If Bitcoin is gold of crypto, than shitcoins, which are like 99% of all coins, are "fool's gold". But I don't like comparing Bitcoin to gold in this situation, because it underplays how far ahead Bitcoin is compared to other coins. With metals, they are all useful in their own ways and have unique properties, but altcoins are just copies of each other, and they don't present anything useful, they don't even have users, they're just used for speculation and nothing more.

[traderethereum]

Just a little over a week ago, Stanley Druckenmiller, an American billionaire, spoke on CNBC about his views on Bitcoin:
that it “could be an asset class that has a lot of attraction as a store of value to both millennials and the new West Coast money.”

In recent years, investing in Bitcoin has been seen as a possible way to diversify one’s investment portfolio.
As a result of COVID-19 and what’s happened to the stock markets, an intriguing question has been brought up:
is investing in Bitcoin as good as investing as gold?

Bitcoin vs Gold, what is a better investment in your opinion?

It is obvious that bitcoin is in fact the gold of the market of cryptocurrencies, however what is a better investment option depends entirely on your needs and wants, for example for someone that is very comfortable with the amount of money that he has and that is worried about keeping his wealth and not as much in increasing his wealth then gold is by far the better option, but if you care more about increasing your capital during the next years or even the next decade then bitcoin is by far the best option.

That is right.
People who know crypto for a long time ago will say that crypto is the best investment, and crypto can be equal to gold in reality.
But people who don't know about crypto will say that crypto will scam you soon, and you will not have a chance to get your initial money.
People who know crypto will invite people out there to join with them, and even that people don't want to join, they will not force it because they know that it needs an understanding and acceptance from them to use crypto as an investment.
But people can deny saying bitcoin as gold in the crypto investment, which will be up to them.
I can admit that crypto, especially bitcoin, is gold in the crypto world, but we can not force people to say the same.

[uneng]

It depends on your goal. Do you want to store your money or do you want to generate passive income (profit) from your money?
Gold is good if you want to keep the value of your money as it's very stable, but if you want to earn profit you should go for bitcoin. In my opinion gold and bitcoin are different kinds of investment and can't be treated as the same or similar, especially because the risks and returns each kind of investment offer are very different and a smart investor must be aware about them before applying his money.

[Hasmizara]

it is unstable but not like cryptocurrency, and it has a well-established perhaps permanent place in world trade. People think that gold is more valuable than crypto investment practical use. You can make jewelry, furnishings and ornaments with gold the problem is that gold costs more to buy, sell, store than cryptocurrency. crypto investment is risky to transport and most of its value comes from hoardings. Also, if you are not connected to the right person crypto investment is very difficult to leave. I deal with gold crypto investment horrible You can buy gold and save yourself the hassle but you have to pay the operating fee and not get ownership of your gold, you can only guess about its price.

[bayu7adi]

You could say Bitcoin is a better investment than gold, forever. I realize that the risk will remain in every investment strategy, while the purpose of investing is to get high profits with our best strategy.

Bitcoin has a high risk, high gain type. If you have a good strategy to be able to avoid or at least minimize the risk of loss, then you can easily succeed with Bitcoin.
As for gold, they will only keep your money from inflation, and that's not as extreme as bitcoin can do.

[LFC_Bitcoin]

Both are better investments than leaving your money lying around in government banks. Bitcoin is the best investment around though, just look at the growth in price since 2009 when the very first block was mined.
Buy some bitcoin, it’s the best & most price appreciative asset over time that exists.

[Casdinyard]

Both are better investments than leaving your money lying around in government banks. Bitcoin is the best investment around though, just look at the growth in price since 2009 when the very first block was mined.
Buy some bitcoin, it’s the best & most price appreciative asset over time that exists.

Gold will still be more reialble when it comes to investment simply because its market value is less volatile compared to the market price of Bitcoin. But due to the nature of volatility, an investor could get multiple times of a bigger profit IF the investment will be taken good care by the investor including the right actions to do in line with its market price movement. Bitcoin could be the modern face of investments due to its popularity. But the problem still has something to do with its price. But investing into it on the other hand is just an option to other investments so I think, doing so will not be a bad thing.

[Silberman]

Both are better investments than leaving your money lying around in government banks. Bitcoin is the best investment around though, just look at the growth in price since 2009 when the very first block was mined.
Buy some bitcoin, it’s the best & most price appreciative asset over time that exists.

And unfortunately that is what most people do, since they do not know how the economy works they leave their money in a bank account sleeping doing nothing with it and that is a huge mistake, any amount of money that has been saved over the years needs to be invested in something otherwise there is no point in saving it since it will be a better option to just spent whatever money that you have because you're going to get more out of it now than whatever you will get in the future thanks to inflation.

[CLS63]

I think both of them are good to prefer. Bitcoin could be a good choice lately because of its being on a very good rally. But we don't know when this rally will end. Gold is also a very good choice instead of investing in fiat money. Because for example; when an economic crisis happens, gold and Bitcoin could be more valuable than fiat.

[TedMosby]

I don't think gold is an investment. IMO, gold is only good for storing value.
if you considered bitcoin as a crypto-investment's gold, it might be relatable when you look at the popularity.
but when you look at the volatility, stablecoin is the gold, because it can store the value of your money in form of digital assets with low volatility.
CMIIW.

as other members said, it can't be compared in terms of investment.
IMO, bitcoin regularly compared to gold just to make make an analogy to help people understand bitcoin in a nutshell.

[Kelvinid]

Factors are;
Assurance
*If you are talking about risk and long-term investment, I have to choose gold as the price will never dump or at less volatile.

Profit
*Even though Bitcoin is totally at risk but I saw this thing profitable and I take such consideration to choose it over Gold.

But I think also that having them both in a long-term goal as an investment is the best idea to take. We need to smart and think for the future not just of today or just for tomorrow and have to take the opportunity that will last longer, not just for a short while.

[TitanGEL]

Factors are;
Assurance
*If you are talking about risk and long-term investment, I have to choose gold as the price will never dump or at less volatile.

Profit
*Even though Bitcoin is totally at risk but I saw this thing profitable and I take such consideration to choose it over Gold.

But I think also that having them both in a long-term goal as an investment is the best idea to take. We need to smart and think for the future not just of today or just for tomorrow and have to take the opportunity that will last longer, not just for a short while.

When it comes to assurance, I also go with Gold because it is a safe haven asset after all where you can protect your money by just investing in that kind of assets. But the only problem that I seeing with gold is its value that is too slow to increase, I do not have enough patience just to wait for me to have huge profit. The volatility of the bitcoin is what I like where I can make profit in just short period of time but I make sure that I have prior planning before I make a investment on it. I do not considered bitcoin as the gold of crypto because their qualities are not the same and if I will choose between Gold or bitcoin, of course I will choose bitcoin rather than Gold.

[Kakmakr]

I would say Bitcoin is the "Gold" equivalent in Crypto currency investments, with a much higher risk in your portfolio. When you have an investment portfolio, you always have to include some investments with a higher risk ...but also a high profit potential. (The high price volatility, allow for some good profit opportunities)

Bitcoin is also a long-term investment option ...not a typical "Get-Rich-quick" scheme. It is also not as boring as most other precious metal investments ...so you are in for a wild ride, when you are invested in Bitcoin as a Commodity.  

[erikoy]

Yes, both Gold and Bitcoin are an asset. Both do good but if we really compare and what could be more valuable gold vs. bitcoin then my answer is bitcoin. Gold is a good investment and also mean a good profit in holding it over a period of time. Bitcoin is new and a way better than gold because of its utilization. It could be far better than any other digital or any kind of currency. Well, bitcoin demand is always good and the evidence is the crypto market now that are good.

[imstillthebest]

Factors are;
Assurance
*If you are talking about risk and long-term investment, I have to choose gold as the price will never dump or at less volatile.

Profit
*Even though Bitcoin is totally at risk but I saw this thing profitable and I take such consideration to choose it over Gold.

But I think also that having them both in a long-term goal as an investment is the best idea to take. We need to smart and think for the future not just of today or just for tomorrow and have to take the opportunity that will last longer, not just for a short while.

When it comes to assurance, I also go with Gold because it is a safe haven asset after all where you can protect your money by just investing in that kind of assets. But the only problem that I seeing with gold is its value that is too slow to increase, I do not have enough patience just to wait for me to have huge profit. The volatility of the bitcoin is what I like where I can make profit in just short period of time but I make sure that I have prior planning before I make a investment on it. I do not considered bitcoin as the gold of crypto because their qualities are not the same and if I will choose between Gold or bitcoin, of course I will choose bitcoin rather than Gold.

gold as  safe haven ? wait im confused now because someone said that bitcoin is a safe haven too but i guess its a matter of personal choice .
bitcoin maybe volatile but as you guys can see its value now is higher than gold  , that is an assurance of bitcoin that it can recover and can provide someone a profit . gold fans can join btc and btc fans can join gold  .
gold fans can trade some of thier gold for btc to be able to profit and btc fans can trade thier btc to gold when they are in profit instead of trading to stable coins so that their money is safe .

[irenehaug4]

Predicting the future cost of the BTC is very difficult friend, this is very volatile, now it can be in 7k and tomorrow in 12k, as well as lowering to 4k in a few hours, although having a high price of the BTC is good to sell, you must also take advantage of buying when the price is low.

[BrownSuS]

Bitcoin is performing well in the recent scenario but we can't exclude the importance of Gold from a Balanced portfolio. The biggest merit of holding gold as an investment is when whole world is on a fire (any major pandemic), only gold act as the savior for value of money.
The another merit of gold is, It is in physical form So the psychological factor in the minds of investors of easy selling even in there local market gives an edge over bitcoin.
Plus Physical gold in hand can't be hacked or cracked by using any keys unlike in Bitcoin     

Bitcoin vs Gold, what is a better investment in your opinion?