BTC vs GOLD

[bayu7adi]

A wise man would buy both. A rich man would expand even further than that, but most of us don't have limitless capital.

Limited wealth makes us think which investment is better for us to enter into it. This thinking process is the key to our success in holding limitless money like the rich. In order for us to successfully manage $ 1000 finances, we must be able to ensure that we are successfully managing $ 100 finances. Whether it's buying gold or BTC, you will know your success after choosing it.

Never be ashamed of what we have, and still have strong principles so that we can survive to achieve our dreams.

[Tingtong]

According to JP Morgan BTC has affected Gold market and increase in popularity of Cryptocurrencies will impact Gold market.
What you guys think about that?


Courtesy- Financial Express

Btc and Gold is totally different currency. Btc don't affected gold market to increase. If you saw gold price, covid-19 time break all record all of time.

[jasonjm]

The gold market has not been affected by bitcoin as much as someone thinks but it might overtake the gold market in the near future because the majority of the investors are now looking to invest in digital currency and few of them already did this. You will see crypto billionaires on the Forbes list after 2 to 3 years.

[ninabobo]

It's occurring as of now, bitcoin is the stronger digital gold and gold is more steady than bitcoin because of high unpredictability, still, bitcoin brings a greater number of benefits than gold and its provisions are getting lower through a dividing cycle like clockwork, there are not many great many Bitcoin left to be mined, bitcoin have demonstrated the entire world how more grounded it is over gold, it's presently more like Volatility versus Stability however I'm certain the crowd will pick Volatility cos that is the place where the genuine benefit lies.

[0t3p0t]

This is all about investment strategies. How much has gold return in term of profit as compared to that of Bitcoin, portfolio managers know which one to choose and 2021 will be epic, not only Gold but the stock market will suffer for cryptocurrencies.

I think there will be more investment in gold than Bitcoin because that is what people know is safe. But with Bitcoin we can benefit it's profitability though there is also a high risk. With gold I don't like to possess such asset because it sometimes cause harm to our security like robbery. Now that institutions and companies are hoarding tens to hundreds of thousands of Bitcoins, more and more people are going to try it due to popularity. Centralized market will turn red and cryptocurrency will be green.

[AniviaBtc]

A wise man would buy both. A rich man would expand even further than that, but most of us don't have limitless capital.

It is really good to buy both if you can manage your capital properly but if you don't then you should choose between these two.

But many will say that they will choose gold, especially those who are not familiar with bitcoin.
They will settle on a slow and a profit for a long period of time because they don't know how to risk their money in the market.

While those people who engaged in bitcoin will know how market works and how profitable bitcoin is these days.
Bitcoin can make you have much larger profit due to its volatility and popularity in this season

[Zanab247]

Gold is older than bitcoin in the world, but bitcoin is now more popular than gold base on what happened during the pandemic. During the pandemic many currencies devalue where bitcoin was still maintaining it value during the process. With the steady increase of bitcoin in the exchange market, during the lockdown, make me to  prefer bitcoin in the area of investment, which is a decentralized currency.
Bitcoin is still rising that is helping their customers to make a good profit from their business.

[Amon1231]

BTC can be used as a currency it can be sold easily but its disadvantage Bitcoin is volatile its value fluctuate in a short period of time, while gold is a stable investment it can be stored in your vaults and safe, but it can't be used as a currency but its value increase as the time goes by. I hope this statement helps you in determining what are the pros and cons of Bitcoint and Gold.

[tanef478]

Despite bitcoin's reputation as a digital counterpart to gold, some analysts believe that bitcoin has little impact on the gold market.
Bitcoin is really showing impressive results this year — it has tripled, and recently updated historical highs. Gold for 2020 showed an increase of 24%. However, gold remains the choice of large institutional investors due to the fact that cryptocurrencies do not have enough transparency and their position in the investment market is too precarious.
In my opinion, bitcoin and gold are closely linked together. And, as a rule, a crisis in one market creates demand in another.
For example, the company One River Digital Asset Management was founded relatively recently, which in November bought bitcoins for $600 million.
In the perspective of the market - Bitcoin is the new digital gold. The main thing is to learn how to correctly predict and manage your capital and investments. My recommendation for novice investors is to find a reliable and experienced partner. At the moment, from my experience, I can recommend one extremely talented person - Roust Semy. I will tell you honestly that you can trust him and build a business together.

[Psynthax]

The thing that most of us crypto user dreaming about back in the past is about to happen. It's no surprise though considering most of millenials and younger generation prefer to invest in stocks, crypto or the likes and gold is kinda outdated.
digital gold or something similar isn't helping either since I've seen most youngest generation don't even interested to thing like gold but invested more to technology.
Sooner or later crypto market cap including btc will have humongous valuation just almost as much as gold market and it's really gonna happen if the crypto market growth stays this way.

[amihada]

bitcoin and gold are equally good for investment. I choose both to save, for now I can only buy gold and in the future I will save to buy bitcoin.

[acquafredda]

BTC vs Gold (Both Log Scale) Uncanny pattern resemblence between Golds 43 years of chart data and Bitcoins 9 years.

Source: https://twitter.com/Pladizow/status/1037827416587161605/photo/1

Days ago, one big guy decided to invest into Bitcoin because his detection shows bitcoin is repeating the fractal of gold for the future bull run, parabolic growth. IMO, the comparison is not necessary, bitcoin is bitcoin and its growth does not because of gold, gold pattern, fractal, anything. You can look at the fractal and its meaning for investment. Fractal can be from textbooks, any asset, not only from gold.

Great share, thanks a lot! Unbelievable how both BTC and Gold perform on a log scale. Even though, it is as you say that bitcoin is different, never forget that what makes a huge difference here is the option to be used as a store of value. And, in our digital realm, bitcoin does that better than gold.

[emmybd]

In the last year, bitcoin overthrew gold and took over the throne by doubling since the summer to a whole new high worth $19,900 while gold fell to $1800 from $2050, its respective all-time high. JPMorgan suspects Bitcoin will only rise in future with barely any chance for a huge fall.

JPMorgan analysts assert, according to reports, that capital has been flowing into Bitcoin while the gold industry is facing the opposite scenario. Hedge funds are seemingly selling their gold positions as their new and ever-and-only adversary Bitcoin has a weekly reception of multi-million inflows.
The institutional situation of gold investment is pretty solid because of the availability of infrastructure and regulated systems. Bitcoin, being a newcomer is insufficient in those fields. Gold funds may be higher than Bitcoin, however many have been turning their backs on the ancient store of value. Many have made the bold acclamation of asserting that Bitcoin is certainly a better store hold than Gold because of its defence against inflation.

[Conley]

In many ways, gold is the precious metal counterpart to the bitcoin. It is estimated that there is approximately 171,000 metric tons of gold in the world, while the Bitcoin system will only be able to generate and support a maximum of 21,000,000 bitcoins until further technological advances are made.

[xiboothrezi]

~
Bitcoin can make you have much larger profit due to its volatility and popularity in this season

That's right, the opportunity to get a profit is bigger and faster, but the risk is great. ready to make big profits means you have to be ready to lose big, right? We know that bitcoin and altcoin prices are generally volatile. The price can suddenly pump and dump just because of news, this is very tricky, so it must really be based on ability and experience.

For most people who do not like risk, they will definitely prefer gold, even though the price movement is slow but the risk is small. It's different with people who like challenges or risks, the fluctuating price changes in the crypto ecosystem are a challenge that must be conquered.

Gold and bitcoin are both profitable, you can choose one or both, don't be easily influenced by others, dwyor.

[Vageta420]

Gold is a safe and easy option. That's why general population would rather choose gold. Bitcoin has far more potential but way more risky.

[rokon1234]

Both are good for investment but i think cryptocurrency have some risk.Because,cryptocurrency up and down every second and gold price is stable every day.

[perfect0]

Gold will eventually loose just because of abundence of it when space mining will be actualized. But it does not mean that BTC is better option, thought for next 10 years, better bet on BTC.

[coingecko]

Bitcoin making a new case for digital Gold?

https://www.coingecko.com/en/coins/bitcoin/xau
1 BTC = 18 oz of Gold today
1 BTC = 0.5 oz of Gold in 2016

[Fayiette]

I think they both are good investment
Gold to me feels more long term stashed away
as for bitcoin, its both short and long term.