Bitcoin or Gold?

[bounceback]

The adoption of bitcoin by institutional investors has just started, while gold has been adopted for a long time, so gold and bitcoin have a very good potential to be used as a store of value or investment because so far the movements of the two are almost the same, but with the development of blockchain technology, it is possible the future of many people who choose Bitcoin.

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[Sanugarid]

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

I think both assets are good for investment and it's a matter of preference for the investor which asset he/she wants to invest in. Also, why not invest in both BTC and Gold? since both are promising investments but more people are into cryptocurrency nowadays due to its massive growth potential. Well, your choice and decision will matter if that asset is suitable for you.

[Abiky]

I'm not a fan of gold and I don't have any, but I think that gold is better as a store of value that Bitcoin because the price chart paints a clear picture to me when it comes to gold: you probably won't have much profit, but you're not going to lose a lot either. So for keeping the wealth one already has, gold seems like a very solid option. If, however, we're talking about investment, Bitcoin is clearly way better. Even though it's very volatile, it's clear from Bitcoin's history that so far the price always bounces back up and rises even higher than before eventually, so it's a good long-term investment. It's way better than gold because you can actually profit very impressively from it.

Gold is as old as human history. It won't going anywhere because people still trust it as a store of value. It's a great asset to hold for the long term in order to protect yourself from the negative effects of inflation. Bitcoin is similar to Gold in the sense that it's extremely limited in supply, but it comes with its drawbacks. While Gold is relatively stable in price, Bitcoin is all of the contrary. The volatile price of Bitcoin on the market brings many profit opportunities to its holders. But at the same time, it can leave anyone with huge losses once prices go all the way down the drain. If you'd want to secure your financial future, then it's best to hold both assets instead of relying on one of them for your survival. Diversifying your investment will make you reduce losses as much as possible.

Nonetheless, I'd choose Bitcoin over Gold anytime because the pioneer cryptocurrency goes up at a faster rate than the yellow precious metal. With every downfall in price, comes a huge "bounce", leaving you with more money than initially invested. By taking profits earned from Bitcoin and putting them into Gold, you'll be able to achieve peace of mind in no time. It's what I've been doing lately, in order to help secure my financial future. With how popular Bitcoin has become, I'd envision a future where both assets (Bitcoin and Gold) co-exist for many generations. Just my opinion

[newwest]

Of course I chose bitcoin. Bitcoin's profits are much higher than gold. If we invest in gold this year, we will lose a lot of money, but if we invest in bitcoin we will get big profits. So bitcoin can make us rich quickly but not for gold.

As the times changes your decision to invest and see the utility as well should change. Bitcoin is the good choice and me as well think now that till recent years gold has being the favorites for many people to invest and use in time of requirement. But after bitcoin the proportionate ratio of investing in bitcoin should be higher than that of gold as per me and this will also results n better profitability in long run.

[Vishnu.Reang]

I have a feeling that gold is slowly losing its sheen among the investors. Look at the gold price, since the pandemic spread across the world. The price peaked at $2100 per oz by August 2020. But after that, it has been a steady decline. Now the price has even dipped below $1,780 per oz. At first I thought that this is a temporary phenomenon, resulting from individual investors selling their gold to survive the pandemic. But now that doesn't seems to be the case. Large investors are also selling their gold, because the future prospects doesn't look very good.

[dikistutmazsabri]

I don't quite understand bitcoin being compared to gold. why do we need to compare it with something? bitcoin is something very different, gold is something very different. ok both very valuable. Both of them are being mined. Mining bitcoin is getting harder and harder, and gold is a metal that has become harder to obtain over the years. but the background and goals of the two are very different.

[Zemomtum]

Both of them can coexist and are valuable. In term of market capitalization, Gold is the super while BTC has an advantage on the volatile price. At the long run, if the price keep on floating like this, it might take over from Gold in terms of valuation and market capitalisation

[MCobian]

I don't quite understand bitcoin being compared to gold. why do we need to compare it with something? bitcoin is something very different, gold is something very different. ok both very valuable. Both of them are being mined. Mining bitcoin is getting harder and harder, and gold is a metal that has become harder to obtain over the years. but the background and goals of the two are very different.

I agree why we have to compare Bitcoin and Gold, even though both are very good assets to buy. So it makes people confused which one to buy,
even though both must be purchased. Indeed Bitcoin and Gold have something in common, but that doesn't mean they are the same. So it's best
to stop comparing Bitcoin and Gold, and better promote both of them. I myself am currently investing in Bitcoin and Gold, and quite satisfied with
the performance of both.

[AmoreJaz]

I don't quite understand bitcoin being compared to gold. why do we need to compare it with something? bitcoin is something very different, gold is something very different. ok both very valuable. Both of them are being mined. Mining bitcoin is getting harder and harder, and gold is a metal that has become harder to obtain over the years. but the background and goals of the two are very different.

how many threads do we have to encounter such topic like this? i believe ive seen a lot of these throughout the years. but users keep on comparing these 2 for no reason. gold has tangible uses to humankind that bitcoin can never replace.
but if you want to look for investments, better hold these 2. you can never go wrong with gold. but with BTC, is a very volatile investment. need to know yourself if you can handle this type of market.

[Mafdet]

I personally Don't compare bitcoin with gold.But My investment 98% in btc and 2% only on gold.

[Teknisi88]

Gold and bitcoin managed to become one of the most profitable investment assets in the first half of this year.
However, the increase in the value of the two assets that occurs simultaneously relates to which investment asset will be a better store of value.
Gold and bitcoin can complement each other's portfolio of investors to get bigger profits.

[husencoe]

This makes me wonder, which of the aforementioned assets are better as a long term store of value? Is it Bitcoin, Gold, or both?

I think between Bitcoin and gold, Bitcoin is more promising for profit, but also provides a big risk and it can make you lose asset value, like when the Bitcoin price has dropped in the last few years.

Indeed, gold has a stable value from inflation. I think choosing both as a long term investment is much better than choosing either one.

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)?

I think between bitcoin and gold are will stay. Because they are in a different world.

Bitcoin will survive by its educated and knowledgeable users of the internet and live in it.

While, gold will still be used by ordinary people who do not know cryptocurrency.

[Vishnu.Reang]

Gold and bitcoin managed to become one of the most profitable investment assets in the first half of this year.
However, the increase in the value of the two assets that occurs simultaneously relates to which investment asset will be a better store of value.
Gold and bitcoin can complement each other's portfolio of investors to get bigger profits.

For Bitcoin it was first half of this year (which is not yet finished) but you need to remember that gold returned negative profits for the same period. I have already posted about this, and gold prices are sliding for the last 7-8 months. Since August 2020, there has been a 20% decline in the gold prices. Gold was an outlier during this period, as almost all the other assets returned positive profits. There is a remote possibility that the rising popularity of cryptocurrency had negatively impacted the gold demand.

[gesdan]

Gold are traditional, the new era are bitcoin and other cryptocurrencies, but we can use cryptocurrencies 100% right now, because as we know, many people in this world thinks that cryptocurrencies like a scam, and don't believe it. buy you know right now about the trust and the power of cryptocurrencies , we can see the price of bitcoin, ethereum, and other right now. i believe that cryptocurrencies are the futures

[bryant.coleman]

Gold are traditional, the new era are bitcoin and other cryptocurrencies, but we can use cryptocurrencies 100% right now, because as we know, many people in this world thinks that cryptocurrencies like a scam, and don't believe it. buy you know right now about the trust and the power of cryptocurrencies , we can see the price of bitcoin, ethereum, and other right now. i believe that cryptocurrencies are the futures

Cryptocurrencies can never achieve the level of trust that gold possess. Because gold is being used for investment for thousands of years. No other asset, including fiat currency, equity or cryptocurrency will be able to achieve the same level of trust. But the important thing to remember here is that trust doesn't always mean higher returns. Gold is more like a store of value now, with potential for limited returns in the long run. For higher returns, you need to invest in other assets.

[0t3p0t]

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

In this matter I prefer Bitcoin as the best long term investment as it is secure and future proof. Gold on the other hand can be life threatening and can be robbed if you have it as jewelry. But other people want gold for reasons.

[Alert31]

I prefer bitcoin because you can buy it even for small capital and more secure than a gold. It's difficult to own a gold and not safe when you carry it like wearing a gold earrings or bracelet unlike bitcoin that only store in your PC or cellphone as long as you keep your private key and password safe, there's nothing to worry.

[Mr.sprin]

hard choice bitcoin and gold is investment in the long run. Big business people choosing bitcoin for their investment have seen bitcoin price change very big.

[Alexbenua97]

Bitcoin is gold) Digital gold! Regular gold is very far from Bitcoin! Therefore, the future belongs to bitcoin! Gold for beauty😅

[hector3115]

I buy bitcoin to get rich, and gold to save my money.