Pejoh Asu
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October 06, 2021, 10:42:25 AM |
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I would personally say Bitcoin. Bitcoin is currently in demand. Many different companies are constantly investing in Bitcoin. At present its price is 45 thousand, in future it will not take more than 1-2 lakh.
Bitcoin is certainly more profitable than gold, but we don't know if bitcoin can last for a long time like gold, the biggest test of bitcoin today is being able to overcome pressure from countries that banned bitcoin, so that bitcoin development can be free like gold.
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peter0425
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October 06, 2021, 12:12:09 PM |
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I would personally say Bitcoin. Bitcoin is currently in demand. Many different companies are constantly investing in Bitcoin. At present its price is 45 thousand, in future it will not take more than 1-2 lakh.
Bitcoin is certainly more profitable than gold, but we don't know if bitcoin can last for a long time like gold, the biggest test of bitcoin today is being able to overcome pressure from countries that banned bitcoin, so that bitcoin development can be free like gold. That is something we all afraid of , about Bitcoin wont last for another 10 years but yeah let's enjoy what we are having now. Bitcoin may not that standing long like gold but at least all of us gains profit more than what gold holders has in their 10 years of Holding. so yes it is Bitcoin if we will be talking of our time now.
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Wawa2013
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October 06, 2021, 12:27:09 PM |
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I would personally say Bitcoin. Bitcoin is currently in demand. Many different companies are constantly investing in Bitcoin. At present its price is 45 thousand, in future it will not take more than 1-2 lakh.
Bitcoin is certainly more profitable than gold, but we don't know if bitcoin can last for a long time like gold, the biggest test of bitcoin today is being able to overcome pressure from countries that banned bitcoin, so that bitcoin development can be free like gold. Therefore I focus more on investing in Bitcoin, because it has proven to be more profitable than Gold. It is true that there is no guarantee that Bitcoin will last as long as Gold, but if we see the demand for Bitcoin is increasing, I am optimistic that for at least a few decades Bitcoin will survive. Although Bitcoin is now under pressure from several countries to ban Bitcoin, it is not a problem to worry about. If we look at history, Bitcoin has been under pressure several times from several countries, but until now Bitcoin can still grow, even the price of Bitcoin is getting higher. So I still believe the future of Bitcoin will be bright.
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LimLims
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October 06, 2021, 12:37:05 PM |
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Question
The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?
Here are my thoughts
A valuable store of value and medium of exchange, gold has been around for five thousand years.
Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.
How do you feel about this?
If you comparing between Bitcoins and Gold (not Digital Gold), then BITCOINS will surely win. It’s lot more easy and compact to hold digital asset than physical asset. Moreover the price of Bitcoins has great potential in shorter period of time. So definitely like me many people will chose Bitcoins over Gold. Hope this helps you OP.
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Betwrong
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October 06, 2021, 01:29:11 PM |
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I would personally say Bitcoin. Bitcoin is currently in demand. Many different companies are constantly investing in Bitcoin. At present its price is 45 thousand, in future it will not take more than 1-2 lakh.
Many? How much? You probably can't name a dozen of them without looking at google. You saw Microstrategy and Tesla buying BTC and that's probably all you know about. So "many" companies turn out to be 3 or 4. Did you know that there are more companies demanding gold than companies demanding BTC? Gold is not only for the jewelry industry. In fact, Gold has more use cases than BTC. What can you do with BTC? Not much, only speculating or hold, and if you want to spend it you most of the time need to exchange it for vouchers or fiat or something else done with a 3rd party. Gold can be used in the pharma industry, electronics, jewelry, dentistry, architecture, aerospace... Still the main use of gold is for jewelry, and it's questionable whether gold will be in demand in this industry in the future. And I disagree on "only speculating or hold". Many of us here, including you, receive payments in BTC. Receiving payments in fiat currencies would be much more complicated.
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Sir Legend
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October 06, 2021, 02:03:32 PM |
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I think these are 2 different types of investments, maybe like grapes and apples so both are good, I'm never too big a fan to put my money in one place, if both are profitable of course dividing the money equally is the wisest thing.
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ninkdwi
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October 07, 2021, 03:38:53 PM |
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Bitcoin is certainly more profitable than gold, but we don't know if bitcoin can last for a long time like gold, the biggest test of bitcoin today is being able to overcome pressure from countries that banned bitcoin, so that bitcoin development can be free like gold.
Therefore I focus more on investing in Bitcoin, because it has proven to be more profitable than Gold. It is true that there is no guarantee that Bitcoin will last as long as Gold, but if we see the demand for Bitcoin is increasing, I am optimistic that for at least a few decades Bitcoin will survive. Although Bitcoin is now under pressure from several countries to ban Bitcoin, it is not a problem to worry about. If we look at history, Bitcoin has been under pressure several times from several countries, but until now Bitcoin can still grow, even the price of Bitcoin is getting higher. So I still believe the future of Bitcoin will be bright. this is one of the positive thoughts and indeed when on this path I think you should think the same thing like this. it's true when talking about bitcoin no one knows for sure what will happen in the future, whether bitcoin will get bigger or vice versa. no one knows about it, everything just reveals all speculation but the evidence can only be us in the future. but of course before stepping into the future we need to do something for today and now bitcoin is proven both in terms of volatility and in terms of market cap. although there is a risk that must be taken, but as long as it leads to the better why not do it.
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turneps
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October 07, 2021, 04:04:56 PM |
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Whether Bitcoin can be compared with gold as a hedge, hedge against inflation and become an investment choice in the future is always a hot topic of debate. The adoption of Bitcoin by institutional investors is just beginning, while for gold, it is natural for institutional investors to accept it. If this mid- to long-term thesis proves to be true, gold prices will suffer a structural headwind in the coming years. Despite the preference for gold, BTC and gold can still co-exist in the future. In order to serve as a proper store of value, cryptocurrencies must demonstrate the "longevity and security," which precious metals have demonstrated over the years. Accordingly, gold has actually been a safe-haven asset of choice for centuries. It has certainly prevailed and served as a stable financial instrument throughout a large part of human history. However, BTC also has its benefits, as trading and storing cryptocurrencies is accessible and requires no intermediaries like banks.
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lepbagong
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October 07, 2021, 06:43:20 PM |
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I would personally say Bitcoin. Bitcoin is currently in demand. Many different companies are constantly investing in Bitcoin. At present its price is 45 thousand, in future it will not take more than 1-2 lakh.
if the company is clearly unlikely to buy gold for investment because it is impractical to store it, it is certain that the company will focus only on stocks, forex and now bitcoin is probably very popular too.
it all depends on the company, what they think is very supportive for the further development of the company's finances, besides of course the main work being carried out. because saving investments for large companies is very important than just saving in the bank.
you are right bitcoin, has great potential for the long term because it will always increase sharply compared to just stocks and forex. because every halving (4 years) will be achieved renewable ATH for bitcoin, which is not owned by other systems.Bitcoin is certainly more profitable than gold, but we don't know if bitcoin can last for a long time like gold, the biggest test of bitcoin today is being able to overcome pressure from countries that banned bitcoin, so that bitcoin development can be free like gold.
Of course, all will clearly agree that bitcoin will be more profitable than any investment for now, no exception when compared to gold, bitcoin is still superior.
bitcoin will remain the same as gold, as long as all need and use and store bitcoin, it will not disappear. if only pressure from the government is a natural thing, because usually they don't have standard rules for the existence of bitcoin. because bitcoin is vulnerable to abuse, it is clear that the state must guard against this happening.
so there is no doubt that for now bitcoin will be able to attract many people to invest in it, because it is clearly very profitable even when compared to other investments. we don't know in the future if anyone is able to make a match like bitcoin, as long as there isn't, bitcoin will always be sought.
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Botnake
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October 07, 2021, 07:10:59 PM |
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I would personally say Bitcoin. Bitcoin is currently in demand. Many different companies are constantly investing in Bitcoin. At present its price is 45 thousand, in future it will not take more than 1-2 lakh.
if the company is clearly unlikely to buy gold for investment because it is impractical to store it, it is certain that the company will focus only on stocks, forex and now bitcoin is probably very popular too.
it all depends on the company, what they think is very supportive for the further development of the company's finances, besides of course the main work being carried out. because saving investments for large companies is very important than just saving in the bank.
you are right bitcoin, has great potential for the long term because it will always increase sharply compared to just stocks and forex. because every halving (4 years) will be achieved renewable ATH for bitcoin, which is not owned by other systems.Bitcoin is certainly more profitable than gold, but we don't know if bitcoin can last for a long time like gold, the biggest test of bitcoin today is being able to overcome pressure from countries that banned bitcoin, so that bitcoin development can be free like gold.
Of course, all will clearly agree that bitcoin will be more profitable than any investment for now, no exception when compared to gold, bitcoin is still superior.
bitcoin will remain the same as gold, as long as all need and use and store bitcoin, it will not disappear. if only pressure from the government is a natural thing, because usually they don't have standard rules for the existence of bitcoin. because bitcoin is vulnerable to abuse, it is clear that the state must guard against this happening.
so there is no doubt that for now bitcoin will be able to attract many people to invest in it, because it is clearly very profitable even when compared to other investments. we don't know in the future if anyone is able to make a match like bitcoin, as long as there isn't, bitcoin will always be sought. In terms of profits, its very clear that bitcoin takes the lead. Its value is definitely huge compared to gold. But the only thing that makes investors doubtful to invest in bitcoin is due to its high volatility, the value suddenly pumps or dumps depending on the market's condition. And this creates more confusion especially to those who did not know bitcoin well. However, gold may have a lesser value compared to bitcoin but there's no high fluctuations happening in it. It's value is fixed and may only get to increase if the demand gets higher but that only happens very seldom. But since it's a traditional way of investment, people find it quite irresistible to resist.
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utc00
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October 08, 2021, 11:09:43 AM |
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Bitcoin and other altcoin investment is the best any wise investor can do right now. Though, some investors are still scared of cryptocurrency. To me, Cryptocurrency is future.
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Blawpaw
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October 08, 2021, 11:20:00 AM |
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Right now, Gold is increasingly being searched for its characteristics as a raw material due to the space industry. However, Gold is only scarce on our planet as while in the cosmos it is an abundant material. In case space companies start Space mining, once they get to an asteroid that has more Gold than in the earth its price will surely plummet. Contrary to that, bitcoin will only ever have 21M assets and that number cannot change. This makes it one of the scarcest assets on earth and the logic is that its price, due to its real-life application, increases indefinitely.
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stomachgrowls
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October 08, 2021, 01:57:04 PM |
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Nowadays, many people really prefer Bitcoin. As for me, this type of investment can bring really good results.
Good results for long term but that one wont really be a guarantee. Superiority is something that is quite irrelevant on where trying to make out some comparison between gold and bitcoin? None of them would took the throne because this is something that shouldnt really be compared at all.Just like what others been saying that a natural mineral of this world and a digital currency is totally different.They do function on different thing and also they do have different value but what matter most here is that both is really capable on giving out potential profits in long term but somehow security and assurance will really vary or depend.
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Betwrong
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October 11, 2021, 10:02:56 AM |
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Nowadays, many people really prefer Bitcoin. As for me, this type of investment can bring really good results.
Good results for long term but that one wont really be a guarantee. Superiority is something that is quite irrelevant on where trying to make out some comparison between gold and bitcoin? None of them would took the throne because this is something that shouldnt really be compared at all.Just like what others been saying that a natural mineral of this world and a digital currency is totally different.They do function on different thing and also they do have different value but what matter most here is that both is really capable on giving out potential profits in long term but somehow security and assurance will really vary or depend. I think many people here want to compare BTC vs Gold in relation to investments. You can compare anything with anything in this regard. If you google "best investments in 2021", you'll see many very different things in the top 20, and yet people compare them. But I agree with you that in other respects it's hard to compare the two. I'd say "Gold belongs to the past, and Bitcoin is the future", but I know that not many people would agree with me even on this forum, let alone outside of it.
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LeGaulois
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October 11, 2021, 11:54:11 AM |
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Still the main use of gold is for jewelry, and it's questionable whether gold will be in demand in this industry in the future. And I disagree on "only speculating or hold". Many of us here, including you, receive payments in BTC. Receiving payments in fiat currencies would be much more complicated. I didn't deny it. Yes, the main use is for the jewelry market (for about 60% actually) and it's not going to change contrarily to what you think. The demand will be the same, more or less. We're using gold for the jewelry before Ancient Egypt, 3000 years ago before Jesus Christ. Why and how will it change in the future (near or not) on "only speculating or hold" Yes, some people (including me) receive payments in BTC, well what I call real uses cases. But face the reality, the percentage of people using BTC for something else than 'real use 'case' (and here I mean only speculating) is the vast majority. 70% of the transactions on the bitcoin network are related to trading activity. I could link the research if you don't want to believe me. Not even a need for research to guess it, we perfectly know the crypto sphere, it's just a matter to accept the reality
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Betwrong
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October 12, 2021, 08:14:49 AM |
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Still the main use of gold is for jewelry, and it's questionable whether gold will be in demand in this industry in the future. And I disagree on "only speculating or hold". Many of us here, including you, receive payments in BTC. Receiving payments in fiat currencies would be much more complicated. I didn't deny it. Yes, the main use is for the jewelry market (for about 60% actually) and it's not going to change contrarily to what you think. The demand will be the same, more or less. We're using gold for the jewelry before Ancient Egypt, 3000 years ago before Jesus Christ. Why and how will it change in the future (near or not) on "only speculating or hold" Yes, some people (including me) receive payments in BTC, well what I call real uses cases. But face the reality, the percentage of people using BTC for something else than 'real use 'case' (and here I mean only speculating) is the vast majority. 70% of the transactions on the bitcoin network are related to trading activity. I could link the research if you don't want to believe me. Not even a need for research to guess it, we perfectly know the crypto sphere, it's just a matter to accept the reality I agree with you in general. Regarding receiving payments in BTC, I just wanted, once again, to bring to the attention of people monitoring this forum that there are those who are paid in BTC. How many of such people are there, is another question. I think - less than 0.01% of the world population currently, but I hope things will be changing fast in this department. Why do I think that gold can lose its value in the future is because we already have some examples. In this article read about Dyes and Crystals. I think something similar can happen to Gold.
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Rufsilf
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October 12, 2021, 01:46:21 PM |
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Question
The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?
Here are my thoughts
A valuable store of value and medium of exchange, gold has been around for five thousand years.
Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.
How do you feel about this?
Gold has been in our world for a thousands of years now and it has been proven historically as an investment or an asset and it has been a luxury provided to make much more in return. But bitcoin is far more superior than gold in this era, bitcoin is undoubtedly much more valuable as an asset/investment than the gold and provides much more return. Given that the bitcoin is highly volatile and extremely risky but it's still proven to make huge returns. But the scarcity of gold will make some huge impact on the price of gold in the years to come. For now I'd say that the bitcoin is much more superior than the gold.
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amihada
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October 12, 2021, 03:07:42 PM |
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gold and bitcoin are the same as long-term investment benefits, but in my country many people are still new to bitcoin, they still believe in gold for investment.
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rudolfaxl
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October 13, 2021, 04:02:16 PM |
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Question
The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?
Here are my thoughts
A valuable store of value and medium of exchange, gold has been around for five thousand years.
Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.
How do you feel about this?
On the matter of Bitcoin or gold, I do not consider gold an investment but just a safe savings for myself. I think the price of bitcoin increases not because it competes with gold but because bitcoin competes with a weak currency with high inflation rate. Therefore, investing in a project with a high rate of return like Bitcoin is one of them top picks of traders and i think we all see the potential and huge profits from bitcoin rather than gold.
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agg2702
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October 13, 2021, 07:09:50 PM |
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gold and bitcoin are the same as long-term investment benefits, but in my country many people are still new to bitcoin, they still believe in gold for investment.
this is an opportunity for you to try different from the others, then a few years later you compare the results. This will be great for you to do because trying to be different from others doesn't mean we are being disowned. although the stigma may be different, this is precisely the reason you stay here and invite the people closest to you as much as possible because I am sure the results will be better.
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