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Author Topic: Will you be in favor of Gold or Bitcoin !!  (Read 1792 times)
safgsdgh
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August 08, 2022, 08:56:53 AM
 #141

I think both gold jewelry and bitcoin have value, but gold can continue to be mined and bitcoin is scarce, gold is much easier than bitcoin cash.
Bitcoin's market is limited, gold is easier to obtain, I don't think the two can be compared.
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August 08, 2022, 09:21:11 AM
 #142

It is understandable, parents are usually old, not when they have a little baby, but when they have an adult who are making their own investment decisions, by that age we are talking about something much better. However, we are talking about something that could go a lot better if we know what we are doing, which is the fact that we could end up with people who are 60+ years old.

Even we could be closed to discussion about some stuff in our lives, and when people are 60+ years old, they do not really want to open themselves up to crypto and what it means, they do not care about it, they already lived most of their life and they just want to retire in peace.

By this age, already need to live from investments earned over a lifetime, and don't try to study something new, and rather risky, like a crypt. In old age, you want peace but not worries about your investments, although if you have capital, then in one way or another you will still need to deal with them so that it works and generates income. Just buying gold and storing it is also not the best option, what's the point of keeping it and never using it? )

 
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August 08, 2022, 05:16:20 PM
 #143

Gold is useless rock which really can not be used as a mean of exchange. Gold is something that was useful centuries ago, I don’t see any great future for it.
The price has barely moved for decades too, pointless waste of time.

Bitcoin on the other hand is the best performing asset of the last decade. Make your decision wisely.

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August 08, 2022, 09:10:52 PM
 #144


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. Grin
We know that Bitcoin is much more volatile than gold. Bitcoin may have a significant drop in price, but on the other hand, Bitcoin may also have a higher increase. That is why Bitcoin is much more volatile than gold. Although gold also experiences price changes, in fact, the volatility is not really high.
That is why the price of Bitcoin can be very low and also can be very high sooner.
What about myself? I love both Bitcoin and also gold, no offense but these are all my investments.
I save my money on Bitcoin and also some money in gold. If we can do both, why not? Investing in gold doesn't mean that we are not loyal to Bitcoin, right? As long as we have the awareness, capital and money management, this will be okay right?

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August 08, 2022, 09:21:50 PM
 #145

Gold is useless rock which really can not be used as a mean of exchange. Gold is something that was useful centuries ago, I don’t see any great future for it.
The price has barely moved for decades too, pointless waste of time.

Bitcoin on the other hand is the best performing asset of the last decade. Make your decision wisely.
Just because innovative technology have made a big change in the market, you should not term hold to be a valueless rock. For centuries we've been used to the gold standard, and a next level of growth is the technology oriented bitcoin. Even now gold isn't scarcely available as most other metals, which makes it valuable.

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August 08, 2022, 10:25:26 PM
 #146

Gold is useless rock which really can not be used as a mean of exchange. Gold is something that was useful centuries ago, I don’t see any great future for it.
The price has barely moved for decades too, pointless waste of time.

I do not agree with your statement because until now from the beginning it was found until now gold is a precious stone whose value has never occurred inflation and can be considered an economically stable value.
before the existence of paper money, in the history of the world gold and silver were the medium of exchange and until now everyone wants to exchange with gold
Bitcoin on the other hand is the best performing asset of the last decade. Make your decision wisely.
in fact bitcoin until now still can't work as a P2P transaction tool that can be used by all people of the world as satoshi's initial goal of creating bitcoin, most of them are interested in bitcoin until now because of its value which has high votalitas and hope to get rich quickly, but I hope this impression is no longer the goal of many people to join bitcoin

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August 08, 2022, 10:28:03 PM
 #147

Bitcoin can be transacted with globally without the trust of a third party or the approval of governments in a matter of minutes. Even though the max number of daily transactions is limited it's far better than gold. Also the Uganda gold deposit proves that the vast computing power needed to mine bitcoin and make a living doing it, and maximum the supply of bitcoin is an indicator bitcoin is more scarce and it can be more useful than gold as a store of value and a monetary medium of exchange.
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August 08, 2022, 11:23:12 PM
 #148

Will Only have one stand and that is a full support for Bitcoin , I am here because I trust this currency and trust this for My family's future.

i am for Gold but just a small part , maybe for safe keeping at least I am ready to what will ever happen in the future as we dont know what this would be.
If we are too practical, the choice of Bitcoin for an investment is a smart choice over Gold. I don't discredit the credibility of Gold but it was to see that Bitcoin is more profitable whether in the short-term or long-term, unlike Gold where we need to wait several years in order to see its value will grow. Like if you are an impatient person, this makes you not wait that long and just sell them earning only a small percent.
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August 09, 2022, 09:46:50 AM
 #149

Everlasting arguement: Bitcoin & Gold: Which one is better? Gold is one of the more rare metals. Bitcoin is rare compared to other cryptocurrencies, and gold is rare compared to other metals. They are both rare in their respective categories. But which one is better depends upon your risk tolerance, investing strategy, how much capital you have to use, and how much you can tolerate losing. Bitcoin is much more volatile than gold, making it a riskier investment than gold. And it depends on your invest goal, long-term or short-term.
https://xtrading.com/analysis/futures-analysis/gold-price-august-8-2022-non-farm-payrolls-doubled-as-expected-in-july-gold-prices-face-the-risk-of-falling/
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August 09, 2022, 10:25:54 PM
 #150

If am to chose between Bitcoin and gold, I will consider Bitcoin over gold. There are yet lots of gold to be discovered in this world but Bitcoin is rear and more easy to carry about securely stored in your mobile wallet. The crypto market has two side which is bear and bull season. Bitcoin will gain more hight in future.
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August 09, 2022, 10:31:42 PM
 #151

Gold is useless rock which really can not be used as a mean of exchange. Gold is something that was useful centuries ago, I don’t see any great future for it.
The price has barely moved for decades too, pointless waste of time.

I do not agree with your statement because until now from the beginning it was found until now gold is a precious stone whose value has never occurred inflation and can be considered an economically stable value.
before the existence of paper money, in the history of the world gold and silver were the medium of exchange and until now everyone wants to exchange with gold
Bitcoin on the other hand is the best performing asset of the last decade. Make your decision wisely.
in fact bitcoin until now still can't work as a P2P transaction tool that can be used by all people of the world as satoshi's initial goal of creating bitcoin, most of them are interested in bitcoin until now because of its value which has high votalitas and hope to get rich quickly, but I hope this impression is no longer the goal of many people to join bitcoin

i have to agree with you here. up until now, gold is considered to be a vital one in the market, not only for investments but a vital component in industries like electronics, jewelry, medical, automative and many others. so just ask yourself, can bitcoin be used in those industries as a component? nope. also, just look at the electronics and your mining equipment, for sure, gold is one of the important parts of these gadgets. so saying that gold is a useless rock, i absolutely do not agree with this statement.

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August 09, 2022, 10:48:12 PM
 #152

Well OP, the good thing about Bitcoin has two functions as a currency and as an asset. Not really the most preferred thing because it was a risky investment and not yet globally accepted but as we talk about the future, that is really a big factor to consider and this is why people had left Gold and choose Bitcoin. Though I have both Gold and Bitcoin, as I compared them Bitcoin seems to be more profitable and I'd see the price is growing fast, unlike Gold which is pretty far.  If you are very focused on earning money, Bitcoin is gonna be the best choice.

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August 10, 2022, 05:02:31 AM
 #153

Why compare gold and bitcoin? Both are valuable. Bitcoin is volatile as compared to gold but has seamless potential. On the other hand, gold also makes a good amount of money. I have invested in both.
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August 10, 2022, 06:40:00 AM
 #154

Gold has dominated the safe-haven asset space for hundreds of years, while Bitcoin, which launched just over a decade ago, has only gained widespread acceptance in recent years.I personally think that gold is a physical hard currency, and Bitcoin may become a virtual hard currency in the future.Gold is something that can be seen and touched, and can be circulated in reality and exchanged for prices.
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August 10, 2022, 06:10:21 PM
 #155

Personally, I would try not to choose between having gold bricks and having bitcoin. Both are no doubt very valuable and will probably still be valuable in the next 20 years. But I think it’s noteworthy that gold is a natural resource that is deposited in lots of places and can be mined and found. Whereas, bitcoin isn’t a natural resource and has a definite number out there. I think that alone makes bitcoin more valuable. The fact that there’s a definite number of bitcoin out there should make it more valuable than gold in the long run.

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August 10, 2022, 06:31:40 PM
 #156

Since the new explorations have uncovered so much gold, that gold will enter circulation and cause a gold inflation. So obviously the price of Gold will go down and its steady but slow rise will not justify investing into gold this year. Not for me, at least.

The USA has waged wars to stop other countries getting richer with their own dug-up gold because the Dollar used to be based on gold and now its based on nothing. So much for that.

Obviously I am not in favor of gold. Bitcoin is king!

1BTC=1BTC

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stomachgrowls
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August 10, 2022, 11:36:48 PM
 #157

Since the new explorations have uncovered so much gold, that gold will enter circulation and cause a gold inflation. So obviously the price of Gold will go down and its steady but slow rise will not justify investing into gold this year. Not for me, at least.

The USA has waged wars to stop other countries getting richer with their own dug-up gold because the Dollar used to be based on gold and now its based on nothing. So much for that.

Obviously I am not in favor of gold. Bitcoin is king!

1BTC=1BTC
Well, we do have our own views and opinions but considering gold is one of the most precious metal and resource that we do have in earth and its value all over the years then there's no doubt that still

able to sit in one of the most valuable asset which you could really store on although even or despite out of those discoveries and explorations but it would really be still scarce and i dont know
on why they are really that a fan on comparing a natural mineral to a digital asset.

Why wont really just simply make out investment on both if you do have the money?

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Artem Sereda
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August 26, 2022, 09:27:50 AM
 #158

Well, gold is a more crisis-resistant asset, the price of gold is holding up, but what about the price of bitcoin? I think it’s not worth reminding about this pain) In any case, bitcoin is more interesting in development and opportunities. It seems to me that this is precisely why he is so highly valued - precisely because of the promising ways of rewarding!

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August 26, 2022, 11:22:59 AM
Last edit: August 26, 2022, 07:03:09 PM by XZERO1
 #159

If only you could send physical Gold to another part of the world with a press of a button, right?

I'd say they're close enough in terms of being future proof even though it doesn't look like that at first glance as Gold is this old traditional asset that can't even be transferred easily without making it partly a digital asset and tying it into this centralized/decentralized other company that you should put your trust in.

My reason for thinking they're both very close in being a good long-term investment is this>> because if we're thinking far in the future there could also be a day that world is in such a condition there's barely any internet accessible in the world and that's when Physical Gold that previously was not very practical to use in a technology centered world becomes handy again and could very well turn into money and an asset that people trade using it just as it was used in the old days.
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August 26, 2022, 08:28:26 PM
 #160

I'd choose bitcoin over gold if I had to unless it would be physical gold. This one is trending up and can achieve much higher price than the gold index would suggest. I'd think about it if someone offered me 100% legit, pure physical gold. If we are comparing bitcoin and gold in the form of gold stock there's nothing to talk about.

Well, gold is a more crisis-resistant asset, the price of gold is holding up, but what about the price of bitcoin? I think it’s not worth reminding about this pain) In any case, bitcoin is more interesting in development and opportunities. It seems to me that this is precisely why he is so highly valued - precisely because of the promising ways of rewarding!

Are you sure about that? I don't think you've checked the price of gold in the last couple months. It's in a downtrend like everything else, but fiat currencies that are being artificially pumped by central banks.



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