Will you be in favor of Gold or Bitcoin !!

[sklopan]

I am definitely for gold. If the goal is to invest money and not go into the negative - definitely gold. Really an investment that definitely won't lose. But bitcoin can bring both profit and loss.

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[The Cryptovator]

Favour Bitcoin or gold questions on this forum are quite ridiculous. It's because 99% of users here are Bitcoin fans. So we will blindly Favour Bitcoin. Personally, I trust Bitcoin as a currency, not an assets to be honest. So I am not ready to compare a currency with real-life assets like gold or diamonds. No matter how valuable assets are. Bitcoin is a virtual currency and we can use it virtually as well. A lot of merchants expect Bitcoin makings payments. So at this point, my belief is that Bitcoin is a currency.

[Slow death]

I am definitely for gold. If the goal is to invest money and not go into the negative - definitely gold.

just put things like this:

- you buy $3000 in gold

- you buy $3000 in bitcoin

Hodl for 5 years

In the end you will see if you are losing something if you buy bitcoin, if you look at the price of bitcoin in a short period of time then you will be thinking that you are going to lose money, but if you buy bitcoin to hold for a long period of time you will not you will have losses, while the other has low increases, so low that it looks like the person has opened a savings account in a bank

[_BlackStar]

Gold is a physical investment asset that should be a good choice for most people over the years regardless of whether it is investment, savings or jewelry or something and is still profitable in the long term. I myself don't choose to assume much about these two assets as to which one is the best. I also don't think I should support one where I should ignore the other. In the realm of investment, both investment assets fluctuate depending on supply and demand, but gold tends to be influenced by world politics and the strength of the dollar.

Having both is the best way to make your money work for you in the long run, but of course everyone involved must understand how the market works so we are required to have good risk management for any investment asset choice between the two. So far I have both and support both, it's fine.

just put things like this:

- you buy $3000 in gold

- you buy $3000 in bitcoin

Hodl for 5 years

In the end you will see if you are losing something if you buy bitcoin, if you look at the price of bitcoin in a short period of time then you will be thinking that you are going to lose money, but if you buy bitcoin to hold for a long period of time you will not you will have losses, while the other has low increases, so low that it looks like the person has opened a savings account in a bank

Also tell them about the risks of both investments, so they don't just know about the potential gains while they are ignorant of the risks and the worst that could come their way.

[Stalker22]

I am definitely for gold. If the goal is to invest money and not go into the negative - definitely gold. Really an investment that definitely won't lose. But bitcoin can bring both profit and loss.

Do you really believe that investing in gold has never produced a loss? You should check the gold price charts throughout history.


https://www.investing.com/currencies/xau-usd

I think it is safe to say that buying gold as a place to store wealth would not be a sound long-term investment unless you can wait decades.

[darkangel11]

Based on the chart above, I bet someone who bought in the 1980 and held for 5 years felt really sour since each year he had less and less value in his stash. It's similar to what people felt in the past bear markets. In 2014 price was low, but in 2015 it went even lower, yet we held on and eventually it paid off.
All valuable assets have their days and holding in the long run pays off unless something gets completely wiped out, like the telegraph, fax machines, cassette players and many more. If you invest in a dying technology you lose, so let's hope that bitcoin isn't one.

I prefer bitcoin over gold because I can hide it and move it with ease. Nobody can steal it from me and if I get desperate I can die with my passphrase and nobody will get it.
In hard times, like when you're at war, carrying gold makes you a target. You become meat to other people. They can blow you up with a grenade or burn you and the gold will still be there in your remains. Bitcoin is different. You can't simply kill someone and take it away. It's difficult to find. You never know if someone is carrying a million dollars in bitcoin hidden on a microsd card. Try hiding a million in gold

[Smack That Ace]

Favour Bitcoin or gold questions on this forum are quite ridiculous. It's because 99% of users here are Bitcoin fans. So we will blindly Favour Bitcoin. Personally, I trust Bitcoin as a currency, not an assets to be honest. So I am not ready to compare a currency with real-life assets like gold or diamonds. No matter how valuable assets are. Bitcoin is a virtual currency and we can use it virtually as well. A lot of merchants expect Bitcoin makings payments. So at this point, my belief is that Bitcoin is a currency.

Bitcoin is the perfect version of combining the two characteristics of money and property, both as a method of payment and as a store of assets. However, if we examine the current reality we can see the trend of bitcoin is to become more of an asset than a method of payment today. The majority of us are accumulating bitcoins and holding them until the price increases, then selling them for a profit.

Currency such as bitcoins can be used to make cross-border payments at much lower cost and time than today's methods but with its high volatility and price increase, very few people will use it as a currency, they would rather hold it than use it daily.

[ingiltere]

Deutsche Bank, one of the largest private banks in Germany, predicts Bitcoin will return to $28k by the end of the year.
Interesting is that they rate Bitcoin as more valuable than Gold, they compare Bitcoin as rare as Diamond.

https://www.bloomberg.com/news/articles/2022-06-29/deutsche-bank-says-bitcoin-could-reach-28-000-by-year-end

Personally, I think both Gold and Diamonds will not be comparable to Bitcoin.
Gold is still abundant on earth that humans have not yet exploited,
You know, Diamonds are something that we can make if we want more, Bitcoin is not, there is a limited 21 million Bitcoins and then no one will be able to generate more than one new BTC.

On June 8, 2022, Uganda said it had discovered 31 million tons of gold ore, which could generate 320,158 tons of gold, more than the current total gold in the world is 201,296.
This is only one-way information from Uganda and has not been recognized by the world gold council, but it shows that it is difficult to know exactly how much gold is in the world, there may be a lot more out there. Regarding Bitcoin, no one can deny that there is only 21 million BTC.

I wouldn't comment on their end of the year prediction because it's impossible to know at what price Bitcoin will be in X time but we all know that Bitcoin will recover and find new tops, we just don't know when. I liked their optimism though.

There may be more gold in the world, I'm skeptical about Uganda news. Even if it turns out true, gold would still be valuable -worth less than today though- and used as store of value.

I believe we have a clear winner in this comparison. After internet comes up to our lives there was a need in secure digital money and Bitcoin fulfilled that spot. Like Satoshi said in 10 years Bitcoin either will be very valuable or have no value at all. Well, 10 years passed and it turns out that Bitcoin is valuable. People already accepted this fact.

[romero121]

Favour Bitcoin or gold questions on this forum are quite ridiculous. It's because 99% of users here are Bitcoin fans. So we will blindly Favour Bitcoin. Personally, I trust Bitcoin as a currency, not an assets to be honest. So I am not ready to compare a currency with real-life assets like gold or diamonds. No matter how valuable assets are. Bitcoin is a virtual currency and we can use it virtually as well. A lot of merchants expect Bitcoin makings payments. So at this point, my belief is that Bitcoin is a currency.

Bitcoin is the perfect version of combining the two characteristics of money and property, both as a method of payment and as a store of assets. However, if we examine the current reality we can see the trend of bitcoin is to become more of an asset than a method of payment today. The majority of us are accumulating bitcoins and holding them until the price increases, then selling them for a profit.

Currency such as bitcoins can be used to make cross-border payments at much lower cost and time than today's methods but with its high volatility and price increase, very few people will use it as a currency, they would rather hold it than use it daily.

With multiple usage access bitcoin takes the lead over gold. Another thing, bitcoin have grown in a much lesser time period to be compared with gold. Same time gold took generations to reach its position. What I understood is technology can make changes in a much shorter time period. Here blockchain along with bitcoin have done it.

Few decades back means people would've said it is gold. Now even the gold store needs internet connectivity to make the buy and selling. So, internet is everywhere and this makes bitcoin to be more accessible. So, there is nothing to worry of bitcoin serving to be the better store of value against gold.

[danadc]

I can't give a taste for either, both have a great benefit, but if we see it as a growing asset, my taste goes very much in favor of Bitcoin, but if I want money not to lose value and remain the same, I would go for it. gold that has more stability in the face of the biggest problems such as wars, pandemics, as we are experiencing it, the smartest thing for everyone is to be able to have investment in both assets. I know that there are many people who do not see bitcoin as an asset, because they think that bitcoin is high risk and I think that is why it has dropped so much in price because they need to have more confidence in it and not be afraid to invest .

[amishmanish]

Certainly the market might now climb with equal speed now, like they did in previous downturns of bitcoin, but they surely will rise. But gold will never reach the heights which bitcoin is poised to reach, because there is a constant supply of gold keeping the cost of gold under control. So you might not make any astronomical profits, with gold. But with bitcoin you can change your life for better.

[0verseer]

A bull signal from a German bank? It was regard to Gold that seem to favor Bitcoin over Gold? Hmm, you know how a teller would say Gold is so outdated and too much trouble for storage and you should sell it for cash then deposit it at with an interest rate? No thanks, I rather have both Gold and Bitcoin altogether since both of them are good. It was the fiat/cash that should be reduced to favor more Gold and Bitcoin. Seem like a ploy to get people to sell their Gold to the banks but with Bitcoin as bait.

[darkv0rt3x]

Both bitcoin and gold are good for investment and both are volatile too, I would consider buying both of them rather than only one  but bitcoin is crazy stuff that really make addicted rather than traditional gold.

If it makes you addictive you should take a step back and reassess your investment strategy. Emotions do not have a place in the investing game. Be objective when analysing investment opportunities and when designing your strategy.

I think he meant addicted in a good way. I'm also addicted to Bitcoin because it's simply the best asset to own, even if the price still shows quite some volatility. But when you're in for the properties, the concept, the tech, etc, you don't need to worry about volatility. You simply DCA whenver you can and hold it! There is a lot of people using it almost daily, which allow all the other people to buy and hodl and it won't lose value because there are only hodlers!

[edgycorner]

A bank b being perma bull, what's new. They are right about their analysis of bitcoin being closely related to NASDAQ and S&P 500, but who doesn't know that by now?

I do agree with the analysts at Deutsche Bank that Bitcoin is more like a highly marketed asset, such as diamonds than it is like gold. This is because, like diamonds, the value of Bitcoin is largely based on perception and not on tangible factors like scarcity or utility 

[abel1337]

It's not right to compare bitcoin to gold or even other things that is on the same page. They do have different uses and purpose that's why they aren't comparable. Bitcoin have such volatility more than others and gold isn't that much volatile. I'll most likely use gold for "stability" or for saving purposes and bitcoin for it's utility and profit making since it's more volatile. Much more, I only have bitcoin now and doesn't have gold. So you know my motive.

[tabas]

If I have the capability of investing into all of them, I'll do it. But the reality for me is that, I'm only for bitcoin and a few alts that I'm good of disposing money.
I saw that news about Uganda that they've discovered huge amount of gold deposits ready to be explored. My worry for that country is that, it's possible that their citizens won't benefit from it if they allow a foreign explorer and company to dig it up.

[ForMeritt]

Both, because they are both profitable and both have their own advantages and disadvantages.
Bitcoin Fluctuations in price are very extreme both high and low, and Bitcoin is said to be a Digital Asset Investment
And vice versa with Gold. Gold is stable in value and can be said to be a Save Haven asset, and I keep both of these assets.

[dansus021]

If it makes you addictive you should take a step back and reassess your investment strategy. Emotions do not have a place in the investing game. Be objective when analysing investment opportunities and when designing your strategy.

I think he meant addicted in a good way. I'm also addicted to Bitcoin because it's simply the best asset to own, even if the price still shows quite some volatility. But when you're in for the properties, the concept, the tech, etc, you don't need to worry about volatility. You simply DCA whenver you can and hold it! There is a lot of people using it almost daily, which allow all the other people to buy and hodl and it won't lose value because there are only hodlers!

He is right we are addicted in a good way you know both gold and crypto especially bitcoin is volatile but bitcoin is highly volatile if you learn trade or at least you know what you doing we can still make a lot of profit in a day rather than traditional gold

[Ahli38]

Seeing which one is superior to one another, namely between bitcoin and gold, then I don't think I can see which one is superior when judged from the aspects and characteristics as well as the advantages and disadvantages of each. because in the physical world, gold is considered valuable. Besides being used as jewelry, it also has many uses, both in the medical field to architecture and technology. However it is in the physical world or objects that can be touched. and different again with the virtual world or the internet. then on the internet we will appreciate bitcoin much more. because transacting on the internet is much easier with bitcoin. with no distance limits even though different countries and it is valid 24 hours. But there is one interesting characteristic of both. i.e. gold is collected by way of mining in the depths of the earth or the ground by tracing gold veins or by means of a gold detector. And bitcoin is also mined though in a different way. but the terms are almost the same. that's what gets interesting. so bitcoin and gold are like being kings in their respective worlds. so in conclusion I consider both valuable in their respective places. However, everyone has their own perception because this is related to judgment. and the assessment of each person is different according to the capacity of knowledge and experience of each.

[Reatim]

Deutsche Bank, one of the largest private banks in Germany, predicts Bitcoin will return to $28k by the end of the year.
Interesting is that they rate Bitcoin as more valuable than Gold, they compare Bitcoin as rare as Diamond.

WOw a Bank rating crypto as more valuable than Gold? Wondering what would be the reason behind this aside from Banks nowadays are supporting crypto more than physical assets .

I love seeing threads like this because it always brings positive effect to the whole market or at least in bitcoin supporters.
Please continue this posting for the support and progress of the crypto market.