BTC vs GOLD

[Vishnu.Reang]

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

I am not sure whether we can directly compare 1 oz. of gold with 1 BTC, because the units are different. Why not 1 kg of gold vs 1 BTC? The only perfect comparison I could think about it between the market cap of gold, and that of BTC. And it looks like BTC is a long way behind gold. But the good news is that Bitcoin is catching up pretty fast.

What about this?

January 2017:  Market cap of gold = 400x that of BTC
January 2021: Market cap of gold = 17x that of BTC

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[gurunanakji777]

No doubt the popularity of BTC is growing year by year. Those who do not like to take risks will keep investing in Gold because of physical storage and on the other hand, those who love to take risks are investing in Btc and now I believe many investors are moving to BTC due to the recent movements and this increase the trust of investors.

[Handsome Boy]

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 is the best investment for now, even I personally prefer to invest in BTC rather than gold, that's because investing in BTC can give me a big profit quickly, whereas if I invest in gold then of course I will need a long time to get profit, because the price of gold increases very slowly compared to the price of BTC, therefore I prefer to invest in BTC rather than gold.

[pixie85]

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.

At least it's exchangeable at will. Try doing the same with physical gold.

For many people this is a huge problem. If you don't live in a big city you may find yourself in a bit of a problem when you have to travel to be able to sell your gold. You won't even be able to visit the dealer just like that because most of them don't hold so much cash so you have to set up a meeting, then go there with your gold and go back home with cash or wait for them to send money to your bank.

With bitcoin it can be as easy as 15 min to sent coins via a bitcoin ATM and hold cash in your hand.

[ilhamsugihamin]

But in my opinion many gold investors are now starting to switch to bitcoin because just looking at the price can protect their assets, and when that happens traders only need to shoot prices because there will be many bitcoin buyers.

[tbct_mt2]

But in my opinion many gold investors are now starting to switch to bitcoin because just looking at the price can protect their assets, and when that happens traders only need to shoot prices because there will be many bitcoin buyers.

Protect asset: both gold and bitcoin are considered as means for asset storage. They are all volatile but the volatility of bitcoin is higher than gold's.

At current price and past few months growth of bitcoin and gold, gold temporarily is safer than bitcoin to protect your asset. In a different aspect, profit earning, bitcoin is better than gold. People are investing more capital into bitcoin in recent months because of this and after they witness a massive investments from institutes. Institutional bubble or not, I don't know and only can give answer this. In belief, it is not a bubble.

R. Kiyosaki, the author of the best-seller book "Rich Dad, Poor Dad" wrote on Twitter that he believe bitcoin, gold and silver are best to invest in coming years.

[mohsing]

ROI of BTC is greater than ROI of GOLD.But Gold market is so old than the BTC.Total market cap of Gold is 10T but Bitcoin is still touching 1T,Do you think what will be BTC when its market will be 10T.

[Bianca McMann]

 :)Gold and Bitcoin, both of which have limited amounts, are naturally anti-inflationary. Generally speaking, the economic crisis will cause gold to skyrocket. After the subprime mortgage crisis in the United States, from 2008 to 2011, gold rose from 680 US dollars to 1920 US dollars, nearly three times. And what about Bitcoin? It is very convenient to purchase and transfer, and it will be halved again this year. Although the current price fluctuates sharply, it is promising in the long run. Moreover, the consensus on Bitcoin continues to strengthen, gradually moving from a niche to the general public. Financial institutions in the United States are also constantly improving Bitcoin-related financial derivatives, paving the way for the entry of traditional institutions. I am optimistic about Bitcoin for a long time.

[Sithara007]

ROI of BTC is greater than ROI of GOLD.But Gold market is so old than the BTC.Total market cap of Gold is 10T but Bitcoin is still touching 1T,Do you think what will be BTC when its market will be 10T.

That will be the case with most of the successful new assets. Bitcoin has been in existence for only 12 years and therefore during the early days the ROI from Bitcoin will be greater when compared to more traditional assets. On the other hand, gold has been used by humans as a precious commodity for thousands of years. Therefore any potential gains would be more moderate in nature.

[Gcrypto786]

Bitcoin and Gold both are good in terms of profit and can return high profit but Gold is stable and BTC is not. In terms of profit returns BTC returs 10X more profit as compared to Gold but the risks are also high.

[Sirait]

ROI of BTC is greater than ROI of GOLD.But Gold market is so old than the BTC.Total market cap of Gold is 10T but Bitcoin is still touching 1T,Do you think what will be BTC when its market will be 10T.

^ everyday Bitcoin enthusiasts continue to rise, it can be said that Bitcoin is heading to the there ^{[market cap 10T]}. There are still two types of investors in the market, some like risk and some don't like risk and are more comfortable playing it safe. those who like risk and want to earn faster will definitely choose Bitcoin, but for those who don't really like risk, they will definitely buy gold as their investment.

[lepbagong]

^ everyday Bitcoin enthusiasts continue to rise, it can be said that Bitcoin is heading to the there ^{[market cap 10T]}. There are still two types of investors in the market, some like risk and some don't like risk and are more comfortable playing it safe. those who like risk and want to earn faster will definitely choose Bitcoin, but for those who don't really like risk, they will definitely buy gold as their investment.

the right opinion you say, that bitcoin is almost the same as trading forex or stocks completely different from trading gold.
but indeed both are investments the only difference is the risk factor as you say.

gold is real shape and tangible, so people still love to make gold investment as well as jewelry that can be used to sweeten one's appearance. not with bitcoin, it is formless and full of risks. but behind this risk there is a very promising profit that will be obtained but it can also be detrimental because we are not careful and do the wrong analysis, it is inversely proportional to gold which is a relatively small risk of loss and profit.

[MishaSER]

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

I do not want to argue, but our whole world is mathematical and in any area you can find similarities and parallels. Maybe I'm wrong, but such a chart can be found in any cryptocurrency, and you can find a suitable chart.

[maxi786]

Bitcoin is a better investment for short-term potential gain—but you also have the potential to lose a lot of money. Gold, however, is a stable investment that is almost guaranteed to return on your investment in the long term.

[Lorence.xD]

Bitcoins and gold both compliment each other, Bitcoins provide unpredictable growth with high potential which is perfectly suitable for long term investment but its highly risky since it can crash anytime without any knowing. On the other side, Gold seems not to do much most of the time in term of increasing but it gives you safety and security and reduces the risk of getting stolen.

The only downside with gold is that you have to pay for storage and insurance but your investment is secured unlike bitcoin that relies on whether the owner is a stupid person that loses the keys and you are still guaranteed a return of investment in the long term, the advantage and disadvantage of bitcoin is its volatility, you will never know what you will get and most of the time, those who trust bitcoin gets big returns, it is up to the individual on how they are going to use that volatility.

[Rruchi man]

Since the identification of btc hodling as a good way to invest your money, investors all around the world habe been venturing into the prospects. With the high liquidity in the market, everyone wants to be a part of it. Many even consider and see bitcoin as the new gold, the new digital gold.

[MinoRaiola]

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.

Gold offers a kind of security for the simple and not risky people. He can touch it and it shines beautifully, is heavy. So you have the feeling of having something valuable.

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.

The cryptocurrency market is more volatile because there aren't that many people who are invested there compared to the gold market.

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.

The acceptance for cryptocurrency and Bitcoin will increase, or it will hopefully increase even more this year. Compared to gold, you don't have to that much space for Bitcoin to own a large sum. You don't have to store the gold and you don't have to spend a lot of time sending your coins globally.

[Mr.sprin]

choose bitcoin or gold is equally good, I choose gold for future investments in the long term because my capital is limited if my bitcoin is not enough money.

[tinopener]

In my personal experience, financial advisors seem to be quite fickle when it comes to using gold in a portfolio.

One minute they think it's the greatest, next minute they think it's old school.

I reckon a lot of them will jump at the chance to buy bitcoin when they can buy little chunks of it in an ETF.

But trust me... they will be fickle about bitcoin too, so let the gold vs bitcoin fickleness begin

[N2CoinOfficial]

No, From my point, Bitcoin won't affect the gold value. The Purpose of bitcoin is being used for long-term investment and Crypto Exchange.