CryptopreneurBrainboss (OP)
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August 10, 2021, 11:35:23 PM |
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It's quite surprising how people still consider gold a more profitable investment than Bitcoin. Guess they're not familiar with the saying, 'the higher the risk, the greater the reward'. Although this doesn't mean you should go taking uncalculated risk as that'll be a deadly move that could cost you all your funds. Bitcoin has shown time without number that it's the better investment vehicle than Gold and it just did it again Just came across this article and think it'll be best I shared it here for the doubters still hoping for their previous metal to recover while they keep on missing out on the chance to partake in one of life greatest innovation. Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles. I would prefer my investment in an asset that could give me higher double digits gains than an asset that can barely gives strong double digits gains and yet been called the safe heaven when it also poses same risk of a lost in value during trying times.
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oktana
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August 10, 2021, 11:51:36 PM |
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Bitcoin and Gold are both cool investment. You cannot fully blame those who pick Gold over Bitcoin because Bitcoin has a higher volatility than Gold. Some people prefer slow and steady than something that isn't fully stable. Imagine buying Bitcoin at $46k and then tomorrow morning it's at $43k. You may say it's not a problem because you believe it'll come back up but not everyone can handle it. Both investments have their advantages and disadvantages.
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sheenshane
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August 10, 2021, 11:59:07 PM |
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No doubt Bitcoin is a good investment as gold even though both are the same profitable for various reasons if we compare them both. But each of us as potential investors of these two good assets might have a different perspective view upon investing, for those people who are not much techy enough might prefer gold, and those who understand Bitcoin very well and how does it will work will also be considering Bitcoin as a great investment than gold. Bitcoin will always surpass gold because they had different characteristics and they aren't the same. When it comes to the supply, Bitcoin has an advantage in the long run because it has a fixed amount of supply while gold wasn't. Both investments have their advantages and disadvantages.
That's right, they are like a coin that has different faces.
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Charles-Tim
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August 11, 2021, 12:04:23 AM |
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It's quite surprising how people still consider gold a more profitable investment than Bitcoin. Guess they're not familiar with the saying, 'the higher the risk, the greater the reward'.
People do not consider gold to be more profitable, they only consider it as a store of value. Although, Bitcoin can also be considered as a store of value but the price volatility still make it to be considered as a speculative asset. Gold price is not volatile like that of Bitcoin, while the marketcap of gold is over $10 trillion. Because of this, many many people prefer gold, but I am not disputing the fact that Bitcoin holding is more profitable than buying gold, it is distinctly obvious that holding Bitcoin is more profitable. Although this doesn't mean you should go taking uncalculated risk as that'll be a deadly move that could cost you all your funds. Bitcoin has shown time without number that it's the better investment vehicle than Gold and it just did it again
If not trading, I do not see any risk there, if someone buy Bitcoin at the present price of $45000 with just $450, even if Bitcoin price decreased to $4500 (which I think can not be possible again), the person will still have $45. If the person hold $45, the person will still have $4.5. if the person hold $4.5, the person will still have $0.45. But, it is certain that the price of bitcoin will reach all-time-high again, while the person will get back his/her fund and make more profits. Bitcoin price is even not likely to plummet to such low price again while increasing above $100000 is very possible than the price to decrease to that extent I used as an example. Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles.
I have posted similarly before , this will interest you to read. I did not know much about the news authenticity, but what was on the news is that US dollar price devaluation has been what has been making gold price to have been increasing since 1980: Gold reached a price of $678 U.S. dollars in 1980, according to a breakdown from Visual Capitalist. Accounting for inflation, based on calculations from Officialdata.org, $678 in 1980 held the same buying power as approximately $2,142 in 2020.
When compared with Bitcoin, Bitcoin was around $10000 at the time, it was said that the US dollar devaluation as a result of inflation is only responsible for $2000 price increase. So, it is obvious that investing in Bitcoin is more profitable even as the price significantly increased during last decade. No asset as perform/increased like Bitcoin.
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CryptoBuds
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August 11, 2021, 01:50:39 AM |
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Bitcoin and Gold are both cool investment. You cannot fully blame those who pick Gold over Bitcoin because Bitcoin has a higher volatility than Gold. Some people prefer slow and steady than something that isn't fully stable. Imagine buying Bitcoin at $46k and then tomorrow morning it's at $43k. You may say it's not a problem because you believe it'll come back up but not everyone can handle it. Both investments have their advantages and disadvantages.
First of all, you have to realize. Which has seen the highest growth in the last few years?The price of gold has remained almost unchanged over the years or has changed very little. In the last few years, the growth rate of Bitcoin has been 100 times higher than that of Gold. So it doesn't work to compare Bitcoin with gold. Gold will never come close to the growth rate of Bitcoin. If the adoption of Bitcoin continues to grow, I believe its market cap will exceed 10 trillion in the next few years (not only I but also all over the world). That's why in the meantime young generations start putting in a part of their savings in Bitcoin, not in Gold. Gold is for weak-hearted old people, New generation is always welcome to changes/revolution.
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binglanglady
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August 11, 2021, 03:15:38 AM |
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It's quite surprising how people still consider gold a more profitable investment than Bitcoin. Guess they're not familiar with the saying, 'the higher the risk, the greater the reward'. Although this doesn't mean you should go taking uncalculated risk as that'll be a deadly move that could cost you all your funds. Bitcoin has shown time without number that it's the better investment vehicle than Gold and it just did it again Just came across this article and think it'll be best I shared it here for the doubters still hoping for their previous metal to recover while they keep on missing out on the chance to partake in one of life greatest innovation. Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles. I would prefer my investment in an asset that could give me higher double digits gains than an asset that can barely gives strong double digits gains and yet been called the safe heaven when it also poses same risk of a lost in value during trying times. Gold investment is deeply rooted in the hearts of the people and is widely accepted. The sudden emergence of Bitcoin is full of sense of the future and imagination. The commonality between gold and Bitcoin, that is, the most special place, is that they are all related to currency: gold is an ancient currency that has been proven by history, and Bitcoin is a future currency to be tested. Gold has been a universal currency in the world for a long time in history. Even under the modern monetary system, gold still functions as a currency, becoming a tool for national and personal investment and preservation; as a great blockchain technology The application of Bitcoin, which came out as a form of virtual currency, is a great experiment to explore the development of future currency. Due to the volatility of Bitcoin, it may be less risky for most people to invest in gold, and many people are realists. People who invest in Bitcoin are like venture capital institutions. They value the future, a clear economic model, a clear source of profit, and an untouchable industry ceiling. My idea is the same, to allocate the expendable funds rationally, invest in Bitcoin, and invest in the future. I still have faith.
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Robinson66
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August 11, 2021, 06:15:00 AM |
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Gold is a physical currency from ancient ancient times. Gold is now a global general currency, and everyone will choose one of the investments. Now investment gold has no investment Bitcoin is because of the popularity of bitcoin, there is no stage that knows the world. For gold is a household name. Bitcoin is not globally used because some countries are not allowed to use Bitcoin. Investment gold is because it is stable, there is no risk, and bitcoin is a big risk, and it is necessary to understand the encrypted currency before investment. However, Bitcoin is also advantageous: - Gold is controlled, you can't bring it freely, Bitcoin is not controlled, and there is no country in the chain address.
- Bitcoin cannot fake, gold verification is too much trouble.
- Bitcoin is easy to carry, the unit is minimum is 8 digits after the decimal point, Cong.
Investment gold is also very good, it is more stable, it may just lack the adventure. If the funds are sufficient, you can invest two.
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RainbowKun
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August 11, 2021, 06:20:10 AM |
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It's quite surprising how people still consider gold a more profitable investment than Bitcoin. Guess they're not familiar with the saying, 'the higher the risk, the greater the reward'. Although this doesn't mean you should go taking uncalculated risk as that'll be a deadly move that could cost you all your funds. Bitcoin has shown time without number that it's the better investment vehicle than Gold and it just did it again Just came across this article and think it'll be best I shared it here for the doubters still hoping for their previous metal to recover while they keep on missing out on the chance to partake in one of life greatest innovation. Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles. I would prefer my investment in an asset that could give me higher double digits gains than an asset that can barely gives strong double digits gains and yet been called the safe heaven when it also poses same risk of a lost in value during trying times. Gold investment is deeply rooted in the hearts of the people and is widely accepted. The sudden emergence of Bitcoin is full of sense of the future and imagination. The commonality between gold and Bitcoin, that is, the most special place, is that they are all related to currency: gold is an ancient currency that has been proven by history, and Bitcoin is a future currency to be tested. Gold has been a universal currency in the world for a long time in history. Even under the modern monetary system, gold still functions as a currency, becoming a tool for national and personal investment and preservation; as a great blockchain technology The application of Bitcoin, which came out as a form of virtual currency, is a great experiment to explore the development of future currency. Due to the volatility of Bitcoin, it may be less risky for most people to invest in gold, and many people are realists. People who invest in Bitcoin are like venture capital institutions. They value the future, a clear economic model, a clear source of profit, and an untouchable industry ceiling. My idea is the same, to allocate the expendable funds rationally, invest in Bitcoin, and invest in the future. I still have faith. In my opinion, there are two different groups of people who invest in gold and bitcoin. Gold is the reserve asset of the old age, while Bitcoin is the reserve asset of the new age. As a currency or asset, gold has a history of thousands of years and has a broad global consensus. Therefore, gold is often considered a safe-haven asset. When there is a black swan incident, many senior investors give priority to investing in gold to avoid losses in their assets. But when Bitcoin was born, Bitcoin slowly replaced gold in many areas. This is why many people call Bitcoin digital gold. Bitcoin has only a short history of 12 years, and it is still in a very early and rapid development period. Bitcoin's market value still has a lot of room for growth. In my opinion, in a few decades, when the market value of Bitcoin is large enough, the price fluctuation of Bitcoin will gradually become very small.
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pooya87
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August 11, 2021, 06:25:45 AM |
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The thing about gold is that it is another stand alone asset that people who are looking for investment can use it to diversify. And bitcoin is the most stand-alone "asset" that has ever existed since it doesn't follow anything at all. So having both (not just one and not the other) is a very good choice in my opinion.
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davis196
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August 11, 2021, 06:30:44 AM |
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Bitcoin wasn't on the map in 2011(it wasn't popular at all),so all the investors back then were putting their money into the one and only safe heaven-gold.I remember that many investors were buying other precious metals and various commodities like silver,platinum,aluminum,oil,copper,etc.,so their prices were pumped. Nowadays,the investors have an alternative-Bitcoin. I keep thinking that the gold price is manipulated by the Federal Reserve and gold is actually way more valuable than we think.Anyway,gold can't outperform Bitcoin in terms of risk/reward ratio. This might sound like a stupid comparison but I think that gold is more like government bonds-low profits but a stable price and Bitcoin is more like stocks-big profits and not so stable price
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gwdf1
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August 11, 2021, 07:17:53 AM |
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You are right that the bigger risks are the bigger your potential profit is. Of course, Bitcoin is much more profitable than gold. People who are not familiar with blockchain technologies think that it is a deception because they know a lot of stories about when people lose a lot in the crypto market. But if you do careful research before investing and don’t trade on emotions you will get profit.
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Lily Garver
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August 11, 2021, 07:18:34 AM |
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It will not feel strange that more people will choose gold, because human nature is like this, because opportunities will only be discovered by a few people. But what surprises me is that Bitcoin has been 10 years old, and it has risen hundreds of thousands of times. These people look at it and wait and still don’t believe it. Is it because it has not been regulated by the government to the scope of mainstream finance? I don't think it is. I think education has not been done. For example, there is no place where I specialize in learning Bitcoin. Even this forum can only be found by interested people.
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People who give up time, in fact, time also gives up him.
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Shenzou
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August 11, 2021, 07:21:42 AM |
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Gold is the origin, the one that started it all and for a long time it was and still is a good investment because of how rare it is becoming, but the problem with gold is that it takes a long time for you to see any significant profit from it, especially if you don't have that much, but with bitcoin you get best of both worlds you are guaranteed to make profit and in a short period of time, and it is only going to get more profitable as the supply is getting smaller.
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Mr.sprin
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August 11, 2021, 07:25:09 AM |
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gold is indeed a lot of investment because with gold investment the profits are clear and the risk faced is small, bitcoin investment profits are many, even many times, but people are afraid of investing in bitcoin because the risk that must be faced is large because the price of bitcoin is unstable.
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YOSHIE
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August 11, 2021, 07:29:58 AM |
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Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles.
I often hear Gold is not risky/Bitcoin is risky, actually the pros and cons of this are still an unsolved mystery for now, I actually think this is a shrimp behind a rock. Fact: investing in Bitcoin yields huge returns. Price changes can change in an instant, gold takes a long time to make a profit, but gold is stable in the market. There are several reasons Bitcoin investment is risky and gold is safer and Bitcoin investment is profitable, on the other hand, gold investment is slow to profit. I've seen one source (in secret), who sells gold and buys nearly 800 Bitcoins in 2016, one year later they sell and buy 10 times more gold than base gold. In that source I can conclude: some people lie that Bitcoin investment is risky, they themselves buy in large quantities to make big profits and buy gold from Bitcoin proceeds in large quantities and say gold investment is good, here it is clear that they are lying to other people, in fact the results that can be obtained to buy gold from Bitcoin proceeds and say otherwise, these kind of tricks and tactics, are common in today's crypto world, when people scare people into investing in crypto, people panic and sell, instead he himself took the opportunity to buy and while they were developing issues about investors, the biggest companies wanted to adopt/invest in Bitcoin, instead they take profit / sell, everyone thinks in the future the price of Bitcoin will skyrocket, so that ordinary people flock to buy in a certain amount, in fact: they are masters of tricks / tactics who profit and ordinary people bear the risk of loss.
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JillianTaft
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August 11, 2021, 07:57:31 AM |
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Usability is recognized as one of the most important factors when investing, and gold and cryptocurrencies are considered choices in this category. When I first came into contact with cryptocurrencies, I felt that the difficulty was more complicated than other investments, but compared with gold, cryptocurrencies are easier to obtain, with low thresholds and convenient transactions. If you want to choose long-term investment, you have to worry about inflation. Both cryptocurrency and gold are tools against this risk. As a form of investment, cryptocurrency is not affected by inflation. On the other hand, it is not regulated by the government, and your investment will not be interfered by the government. In terms of stability, the price of gold has been good for many years, usually after the price adjustment, the final price will be stable for a long time. Cryptocurrency is different from other investments. The market will be affected by some factors or news. The volatility of cryptocurrency is much higher than that of gold. This means that if you want to invest in products with potential in the future, cryptocurrency may be the best choice. If you are just looking for an investment with stable price over time and low risk, then gold can be your choice. However, cryptocurrencies are still very young now, and the future is unknown. Gold has existed for thousands of years and has some potential advantages.Whether to invest in gold or cryptocurrency is up to you.
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michellee
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August 11, 2021, 10:49:36 AM |
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People are not ready with the high risk of the bitcoin investment so they still prefer to invest in gold. I think there is nothing wrong with that because people can select whatever they want to choose in the investment. Even if they already invest in bitcoin and still want to use gold as their investment, that will not be a problem. People out there still want to see what kind of their investment and they will feel good if they can touch and see the investment they use. It is like they invest in real estate. They can see and touch the house.
But personally, I will want to have bitcoin and gold at the same time. If the bitcoin price increases, I will sell some amount and buy some amount of gold and I will do the same thing as gold if the gold price increases.
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XCANA
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August 11, 2021, 11:03:25 AM |
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The problem with such people is that many of are of the believe that what investment that doesn't have government backed up is seems to be a SCAM and too risky for them to invest their hard earned money. And they may prefer to leave their money in the bank in Gold form to avoid story that touch the heart. But they will realize that they are missing a great and life time opportunity it will be too late. I encourage whoever is reading this my submission and still in doubt about Bitcoin should have a rethink before is too late.
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Kong Hey Pakboy
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August 11, 2021, 11:07:39 AM |
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The problem with such people is that many of are of the believe that what investment that doesn't have government backed up is seems to be a SCAM and too risky for them to invest their hard earned money. And they may prefer to leave their money in the bank in Gold form to avoid story that touch the heart. But they will realize that they are missing a great and life time opportunity it will be too late. I encourage whoever is reading this my submission and still in doubt about Bitcoin should have a rethink before is too late.
They are right to worry that it's risky because it is risky, I accept that part, what I don't like is that they're branding it as a scam when in fact it's not a scam. I think most of these people are just old school so they have a hard time doing something like investing in cryptocurrency since they know that there's a bigger risk involve. Plus, bitcoin isn't for everyone, some just don't find it appealing to invest in.
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NeuroticFish
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August 11, 2021, 11:38:24 AM |
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It's quite surprising how people still consider gold a more profitable investment than Bitcoin.
Gold is not more profitable, but, at least in theory, it's safer since the daily price fluctuation is rather small. Also, while we are now in the middle of bull run, clearly gold cannot match investments in bitcoin.. but the history tells that bitcoin bull run doesn't last forever. When the fiesta ends (temporarily) and price will go down, then gold can become a good place for storing wealth until a new bull run will start.
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