Bitcoin Is Better Than Digital Gold

[EarnOnVictor]

Bitcoin and gold have different characteristics but both are very valuable assets to people. If the question is asked here, which one would you choose to invest in?  I will definitely choose bitcoin for investment. Because it is possible to get more profit from investing in bitcoins than gold. There is volatility in the Bitcoin market due to which the price of Bitcoin is fluctuating every moment. Because of Bitcoin's volatility, a large long-term investment in Bitcoin can yield multiple returns. As volatile as the price of Bitcoin is in the market, the price of gold is not as volatile. So now people prefer bitcoin more than gold for investment.

Now both can be used for long-term investments by everyone, but when someone wants more profits from their investment, of course the choice will lead to Bitcoin and not Gold. But if an investor just wants to invest without thinking about more profits but prioritizes storing the value of his assets, of course the direction of choice is more suitable for Gold. So it can be concluded that both are equally suitable to choose, although in the end it always depends on what the investor himself wants when choosing one.

What you explained can only be true for the investment aspect of Gold and Bitcoin, but when it comes to trading itself, Gold superseded Bitcoin in countless times. This is more reason why I prefer to trade it more often than Bitcoin, and if Bitcoin earned a good trader x10 of his capital in a safe trading of an entire year, Gold can give as much as x100, if not more. "Gold is more volatile than Bitcoin," but the issue is that those who do not have the fundamental knowledge of the financial market to know how pips and pricing work often mistake this. This is because they just jump to cryptocurrency, and to make matters worse, they will not want to learn but argue.

All markets in the world can be gauged in pips and pricing for fairness's sake, that is how one can truly know the actual market performances. And by pricing, Gold has cheated itself from the beginning, because if Gold is priced also like Bitcoin, by virtue of its market capitalization of over $13 trillion, it should have had a value over x16 times that Bitcoin right now. This is why the comparison of it with Bitcoin is not always imperfect, and a reason why traders/investors should just go for the one that best pleases them instead of comparing. Or deal with both.

[1715255567]

1715255567

[|MINER|]

Both are assets, nothing to compare here.  Just like bitcoin is a good place to invest, gold is also a good medium to invest.  But gold has been reigning for a long time. Whoever has a large amount of money to invest, he must invest in gold, because gold is nothing compared to gold.  but BTC is very reliable way to invest. There is no risk of losing money. It's a little long time process and you can invest as much money as you want.  You don't need huge amount of money to invest here.  Expect BTC investors to gain more after the bull run.

[rojan]

Both are assets, nothing to compare here.  Just like bitcoin is a good place to invest, gold is also a good medium to invest.  But gold has been reigning for a long time. Whoever has a large amount of money to invest, he must invest in gold, because gold is nothing compared to gold.  but BTC is very reliable way to invest. There is no risk of losing money. It's a little long time process and you can invest as much money as you want.  You don't need huge amount of money to invest here.  Expect BTC investors to gain more after the bull run.

I have invested in bitcoins and now I am thinking of selling them after the price of bitcoins goes up and buying gold with some money. I will buy bitcoins again with the remaining money and wait to buy when the price of bitcoins is dumped. I think bitcoins.  And if you keep investing in gold, you will get good things.

[Mr. Magkaisa]

       -   Isn't Bitcoin considered the digital gold in this industry? Now, why did he do this in the topic OP did? I'm just wondering, although I do believe in gold investment, just not in digital gold. But I believe that Bitcoin is the digital gold in the cryptocurrency world.

Although, for now, I have not become the majority of bitcoin as a form of investment so that I can get a big profit in the coming bull market after the halving in April next year. But Bitcoin is really good long-term, as long as you invest in it for at least 1 bitcoin or more.

[AirtelBuzz]

Both are assets, nothing to compare here.  Just like bitcoin is a good place to invest, gold is also a good medium to invest.  But gold has been reigning for a long time. Whoever has a large amount of money to invest, he must invest in gold, because gold is nothing compared to gold.  but BTC is very reliable way to invest. There is no risk of losing money. It's a little long time process and you can invest as much money as you want.  You don't need huge amount of money to invest here.  Expect BTC investors to gain more after the bull run.

I don't know how important gold is for investment but I think Bitcoin is the best. As much as I think it is better to invest in Bitcoin instead of gold. I think only people who have no experience with Bitcoin will want to invest in gold.But those who have experience and know about Bitcoin are sure to invest in Bitcoin instead of gold. Like you I am investing a little bit in bitcoins and I am investing through dollar cost averaging (DCA) every week. My invested bitcoins I'm not thinking about selling yet My invested bitcoins I want to hold for a long time and I will.