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Author Topic: Bitcoin or Gold?  (Read 1239 times)
kolbalish
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April 24, 2021, 04:34:57 PM
 #41

Both are precious to me. The price is not slightly than one. Gold is as ancestral and its price fluctuates but it is not very rapidly. On the other arrow, not so in the case of Bitcoin. It goes up and down very fast and it costs a lot. But periodically it goes down a lot. So nothing can be undervalued.

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April 24, 2021, 06:15:05 PM
 #42

Choose both to hedge risk and diversify your portfolio. Crypto is so risky that when holding gold we can guarantee a withdrawal from either investment without worrying about a huge loss if a downtrend happens. I went through a downtrend so I understand how it affects crypto when we keep all of our money in crypto.
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April 24, 2021, 06:33:43 PM
 #43

Bitcoin has often been proclaimed to be "digital Gold" since it shares many similarities to the precious metal we know and love today. Yet, not everyone find Bitcoin to be quite an attractive store of value. Despite Bitcoin and Blockchain tech's success, Gold is still used as a sort of "hedge" against inflation. Up to this point, Gold's market cap is much bigger than Bitcoin's. Things might change in the future if popularity continues at an upward trend.

This makes me wonder, which of the aforementioned assets are better as a long term store of value? Is it Bitcoin, Gold, or both? Why do you think such asset is better? Do you think at some point in the future Bitcoin will replace Gold? Or will Gold eventually adapt itself to the digital era (tokenization of Gold)? Your input will be greatly appreciated. Thank you very much Smiley

I think bitcoin has the potentials to replace gold as a means of investment, because the demanded for bitcoin increases on the daily and its a medium of payment too

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April 24, 2021, 07:44:29 PM
 #44

Talking about investment we all know bitcoin is much more better than gold in the aspect of investment, the Rio it gives due to its price volatility is much more higher than gold, tho people will say there are risk involved , but crypto is based on risk and reward, minimize your lose and maximize your profit! Buying low and selling high is key. For me I choose bitcoin over gold, bitcoin is seen as digital gold and is more  preferred than gold in terms of investment, tho gold market cap is much more higher than bitcoin this is because gold has been in existence for long before the invention of bitcoin, but I think with time bitcoin will actually get there too.

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April 24, 2021, 07:50:26 PM
 #45

You cannot compare these two financial instruments. Gold has long been used by mankind for savings or protection from inflation. Bitcoin is, in comparison with gold, a novelty that many have not tried, they do not understand at all what it is. People know too little about bitcoin that it will become ubiquitous, however, as the number of people understanding the blockchain grows, its popularity and value will increase, as well as the demand for it as "digital gold" will be quite expected in the future no matter what.

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April 24, 2021, 08:06:22 PM
 #46

     Although bitcoin wasn't meant or made to be something that can be a store of value(someway similar to gold), I still think that aince it has come to this already, I am betting on bitcoin more than gold. This is because even with gold being scarce which is the reason for its value, it has no finite number while bitcoin on the other hand has. But of course, the thing that people always say is good about gold, is its trait of being physically present is truly a plus for it. But even so, with bitcoin being the way it is, the people and companies being drawn and are already indulged in it are credible enough and have huge names that are well-know almost everywhere and not just in this industry. Plus, we are getting more and more advanced it is only natural that our ways of spending, earning and keeping our assets alao change for the better. Which is explains why I really favor bitcoin today compared to gold.

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April 26, 2021, 11:07:42 PM
 #47

People who have gotten to the point of owning bitcoin and gold usually have some spare capacity in their finances for saving money. At that point you should really be looking at the stock market before either of these two assets if you want to grow your money steadily. You should not limit yourself to two unproductive assets, where you are essentially hoping a "greater fool" will take it off your hands for a higher price. Gold has some practical usage - it is a greater conductor of electricity and is non-magnetic which have function real world purposes, alongside being desirable for use in jewelry. Bitcoin makes transferring funds across borders a lot easier and more anonymous, however this could lead to crackdown by regulators in future who have previously been able to track money through bank accounts and it's possibly wasteful in terms of energy usage. Bitcoin has already multiplied in value in a short space of time, so there is plenty of room for a correction, so now might be a bad time to buy more. That being said, it is popular in the mainstream right now and has a limited amount in circulation which helps hold the price. I think investing 60% in stocks, 20% in cash, 15% in Bitcoin (or altcoins) and 5% in gold is a good setup right now.

Diversifying your investments is a must to maintain financial stability in the long run. Both Bitcoin and Gold are great stores of value, but they're subject to the risks of volatility on the market (especially Bitcoin). Gold is much stable than Bitcoin, but it comes with its downsides. The precious metal isn't portable enough to be hidden from plain sight (unlike Bitcoin). You can store hundreds, thousands, or even millions of dollars worth of Bitcoin in a very small piece of paper without bringing unwanted attention. With Gold you're going to have to rely on a third party to move all of your physical bullion in a secure manner. Millions of dollars worth of Gold in a physical form would not be easy to carry anywhere. Still, people seem to trust Gold more than Bitcoin because its been "on the scene" for a very long time. Bitcoin is similar to Gold but the loss of Internet access, prevents people from using it during a crisis. It's always important to keep in mind both assets' advantages and disadvantages in order to determine what's right for your financial future. As long as you're able to remain financially stable, nothing else matters.

Nonetheless, it's a good idea to "hodl" both Bitcoin and Gold for the long term. Fiat will eventually decline as governments print more money than they could chew. What better way to secure your financial future than investing on both Bitcoin and Gold? I envision both Bitcoin and Gold living alongside each other for many generations. Just my opinion Smiley

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April 26, 2021, 11:25:34 PM
 #48

It's actually a very difficult question. both are very valuable investment tools. but it wouldn't be right to say one of them is bad. everyone has their own way of risk management. and both of these should be evaluated accordingly. gold does not lose value. But even if bitcoin loses value, it can earn much more in a much shorter time than gold.

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April 26, 2021, 11:30:20 PM
 #49

It all depends on the objectives of the investment, acceptable levels of risk and the desired level of return. No matter what anyone says, but gold is an asset with a rich history of use, with established rules for handling the asset and a good regulatory framework on the part of the state, with a bunch of tools such as metal bank accounts. Bitcoin as an asset has a much smaller history and all the tools are just being formed and the prospects are not completely clear, so if you are not a crypto investor and do not like risk much, then gold is better.
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April 26, 2021, 11:40:13 PM
 #50

It's actually a very difficult question. both are very valuable investment tools. but it wouldn't be right to say one of them is bad. everyone has their own way of risk management. and both of these should be evaluated accordingly. gold does not lose value. But even if bitcoin loses value, it can earn much more in a much shorter time than gold.

If Bitcoin and Gold are very valuable investment tools, why do we have to choose. It would be great if investing in both, so the profit generated
should be maximized. But if anyone wants to choose between Bitcoin and Gold is also not wrong. Actually it depends on each person's research
on Bitcoin and Gold, whatever choice I think is equally good. What is wrong if we decide not to invest in Bitcoin or Gold.

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April 27, 2021, 01:35:48 AM
 #51

I prefer bitcoin for sure. It is a lot easier to sell or buy than gold.
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April 27, 2021, 01:39:35 AM
 #52

I think it depends on the person. If someone likes safe assets, they would invest in gold although they can't earn a bunch. If someone likes high risk high return, then the person will invest in bitcoin. If the bitcoin price increases, they will earn a lot but it is not promised. About whether gold will be tokenized or not, I think many things in the world will be tokenized in future to avoid property problems so there is a possibility.
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April 27, 2021, 01:57:47 AM
 #53

Bitcoin! Rather than gold because bitcoin is the future of money and can use to many other thing, And It's get more popularity in the world.

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April 27, 2021, 02:58:29 AM
Last edit: April 27, 2021, 02:29:15 PM by mprep
 #54

It all depends on the objectives of the investment, acceptable levels of risk and the desired level of return. No matter what anyone says, but gold is an asset with a rich history of use, with established rules for handling the asset and a good regulatory framework on the part of the state, with a bunch of tools such as metal bank accounts. Bitcoin as an asset has a much smaller history and all the tools are just being formed and the prospects are not completely clear, so if you are not a crypto investor and do not like risk much, then gold is better.

GOLD is an insurance policy, a small amount say 1-2 ounces can carry you over in an emergency, anywhere on earth

BITCOIN is a speculative bubble, a get rich quick vehicle, each have their place.

99% of all great wealth in human history was made in real-estate investment, note the bitcoin by 'definition' is not REAL, its virtual currency back by bullshit

On the other hand, speculative bubbles prove that this shit can go very high, in the tulip mania the tulip went from a nickel, to the value of a fine home; such as now BTC could go to $500k, and then back to 0.01 cent

Enjoy the ride, keep a little gold stashed away for beer money when btc goes back to zero



I think it depends on the person. If someone likes safe assets, they would invest in gold although they can't earn a bunch. If someone likes high risk high return, then the person will invest in bitcoin. If the bitcoin price increases, they will earn a lot but it is not promised. About whether gold will be tokenized or not, I think many things in the world will be tokenized in future to avoid property problems so there is a possibility.

'safe' and high-return have always been mutually-exclusive


The bitcoin bullshitters like to tell you that you can have it both with btc, but this is the BIG LIE

Some bullshitters will say btc is the new-gold, other will say btc is the new-fiat; always as if crypto-shit coins were going to rule the world in the future

Just like pet-rocks in the past, or tulips; this mass hysteria of fraud is NOT new; history is full of ponzi scams, this the first one that is taken the world, largely because the internet allows worldwide ponzis to take place

Seems odd, DOD(TCP-IP) created the 'internet', DOD(NSA) created bitcoin, the DOD enabled all the bullshit and criminal activity, largely in the past wars were physical, invade a country and steal their shit,

Today war can be fought from wash-dc where computer geeks can rob the world, without even leaving the city. COVID hysteria demands everybody on earth stay in their home-prison.

Wealth preservation? starts with finding a new domicile where your safe from the insanity, your wealth is secondary to your health & life


[moderator's note: consecutive posts merged]
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April 27, 2021, 03:09:02 AM
 #55

Both assets are good, they are both different but they have good similarities, a normal person will still choose to invest with bitcoin as this is the common asset we have know, bitcoin is still not familiar on some other people in different countries so basically they wouldn't mind bitcoin over gold, I cannot choose between two because they are both good, I want to invest on both assets, gold is also good especially if you are going to invest it and keep it for a long term, you may also make it as a gift to your future children. Cryptocurrency is also good as this is really good for investment purposes, you may also transfer bitcoin to other person faster than gold.

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April 27, 2021, 06:40:28 AM
 #56

both are investments in the long term, now you can choose if you have a lot of funds, you better choose to invest in bitcoin, but if you have minimal funds you choose gold investment and save in the long term you will benefit.

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April 27, 2021, 07:51:45 AM
 #57

there are some disadvantages and advantages of the two assets above but if I was asked to choose I would certainly choose bitcoin as the asset I have. although bitcoin is fluctuating compared to gold and is more relatively new but bitcoin I feel has more prospects when looking from the last 10 years.
i'm not saying gold is ugly but i prefer bitcoin now

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April 27, 2021, 08:00:40 AM
 #58

for myself, I use both, so bitcoin is useful as a profit generator and gold is used for asset storage. why is gold used to store assets? yes because I believe gold has not decreased in price, but will increase even though slowly and gold in the future will still be needed
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April 27, 2021, 08:43:44 AM
 #59

for myself, I use both, so bitcoin is useful as a profit generator and gold is used for asset storage. why is gold used to store assets? yes because I believe gold has not decreased in price, but will increase even though slowly and gold in the future will still be needed

It is always to be good to have both, for me I would used gold as my long term investment and will definitely used bitcoin for a short term investment and trading. Both are valuable to be honest, and both are a good asset too so why not having the two investment and asset if you could have a chance to have both right.
both are investments in the long term, now you can choose if you have a lot of funds, you better choose to invest in bitcoin, but if you have minimal funds you choose gold investment and save in the long term you will benefit.

Which I am exactly emphasizing, both are a good investment but the good return of investment was all on your hand now, it depends on how you make it grow or make it valuable.
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April 27, 2021, 08:46:17 AM
 #60

As a cryptocurrency user, I can say that Bitcoin is many times better than gold.  Those who have now invested in Bitcoin rather than gold have become millionaires.  However, apparently Bitcoin will be much more valuable than gold when all the countries of the world will simultaneously recognize Bitcoin as an acceptable currency.

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