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Author Topic: Bitcoin Is Better Than Digital Gold  (Read 1693 times)
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December 21, 2023, 07:02:25 AM
 #201

Both are valuable resources.  As gold is popular among all, bitcoin is a little less known.  But both are valuable assets. We should invest more or less in both.  If you have enough money, I would say to buy gold. You don't have to be aware of any risk in buying gold. But in buying bitcoin, you have to have enough understanding about it and be aware of its risks.
I wouldn't say that bitcoin's less known because it's already 13 years already and I think that's enough time for bitcoin to be spread across the Internet so I don't buy it that bitcoin isn't popular among the people of the Internet, maybe it's not yet as popular as gold but I'm sure that the gap is getting closer and closer every year. As much as I agree that both are valuable assets, I think that I would just stick to bitcoin because of the profit that you can get out of hodling it compared to hodling gold that grows in measly amounts compared to bitcoin, you're better off investing bitcoin because you're likely to keep it safe compared to gold where people would be able to steal it physically.



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December 21, 2023, 01:55:26 PM
 #202

Both are valuable resources.  As gold is popular among all, bitcoin is a little less known.  But both are valuable assets. We should invest more or less in both.  If you have enough money, I would say to buy gold. You don't have to be aware of any risk in buying gold. But in buying bitcoin, you have to have enough understanding about it and be aware of its risks.
I wouldn't say that bitcoin's less known because it's already 13 years already and I think that's enough time for bitcoin to be spread across the Internet so I don't buy it that bitcoin isn't popular among the people of the Internet, maybe it's not yet as popular as gold but I'm sure that the gap is getting closer and closer every year. As much as I agree that both are valuable assets, I think that I would just stick to bitcoin because of the profit that you can get out of hodling it compared to hodling gold that grows in measly amounts compared to bitcoin, you're better off investing bitcoin because you're likely to keep it safe compared to gold where people would be able to steal it physically.
Bitcoin is already spread across to every part of the world and the only reason why most people are yet to venture is because they have know idea and see it as being of no need or maybe a scam like.

While Bitcoin is better than Gold, one should be able to understand the volatile nature of Bitcoin than that of Gold, if only Gold operates in volatility. Knowing that your investment over the years will deflate in price and still increase when the bull begins is extremely necessary and an advantage over Gold.

Holding physical gold is kind of safer than that of holding Bitcoin in wallet as your wallet might get hacked but in case of a physical Gold it can be duged and hidden or given to the bank to hold with concrete evidence and witnesses.



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December 21, 2023, 02:19:29 PM
 #203

Personally, I prefer to invest in bitcoin over digital gold. Well, while both are good and valuable investments, I think the general person would choose digital gold over bitcoin. that's because most people in my circle prefer digital gold to bitcoin. The reason is because the price of bitcoin is very unstable, they are afraid to invest in bitcoin.
However, for people who already know about bitcoin, and its potential, I'm pretty sure they will be more likely to choose bitcoin. Additionally, I would probably consider real gold over digital. Well, both are good investments, the only difference is how we use them so that the investment has big profits for us.
This is the choice of every investor, I also decided to invest in Bitcoin and I understood that perhaps this is a riskier investment, but it can bring me much greater profits in a shorter time. Even at this stage, I am glad that I still decided to invest in Bitcoin, this year turned out to be very successful for me and I expect even greater growth next year. If you compare these two assets in such a short time, it will be obvious which was more profitable.

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December 21, 2023, 04:32:35 PM
 #204

The connection between gold and bitcoin (BTC) as stores of value is obvious, and the demand for BTC as a digital store of value was a big reason why the cryptocurrency grew in popularity, crypto services provider Matrixport said in a report Monday.
Bitcoin’s market capitalization is $540 billion, equivalent to 10.8% of the market cap of physical financial gold, Matrixport said, adding that gold exchange-traded-funds (ETFs) are valued at $200 billion. Read
Bitcoin, on the other hand, is traded all the time due to which the price of Bitcoin fluctuates constantly. And from here it is possible to make a lot of profit because of this. And another benefit we get from Bitcoin is that it is decentralized and has no transition limit so we can transfer funds as much as we want without any hassle and anonymously. so Bitcoin is much better than Digital Gold in all respects. and profitable

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December 21, 2023, 05:30:54 PM
 #205

Bitcoin and Digital Gold are both good investment for future. I want to buy both if I have a lot of money. By the way, if I have 10000$, then I buy crypto 5000$, gold 2500$ and others 2500$ for bussiness. I am also love crypto than gold.

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December 21, 2023, 09:35:08 PM
 #206

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.
Ultimately it all comes down to one's own perspective on the matter.
We are free to do whatever we think is best and when the choice is already gold and bitcoin then indirectly we also certainly know what advantages and disadvantages can be obtained or maybe the advantages and disadvantages of these 2 assets so that after knowing this then we only need to weigh what we can afford and what we need now.
Apart from the many speculations that say bitcoin is better than gold or vice versa gold is better than bitcoin it comes back to our own judgement.
The most important thing is our focus whether we are ready with the choices we make or not because it is important after choosing which one we think is the best to make an investment because both are also good it's just that both bitcoin and gold they have advantages and disadvantages that certainly do not need to be explained in this case because we all know so think carefully about what you want to do with your money.

 
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December 21, 2023, 09:51:46 PM
 #207

Well, your title seems to be different from the body of your post (I think). You said digital gold but it appears you are talking about gold in general. If you were doing a comparison between Bitcoin and gold, I’ll stand with Bitcoin because there are so many disadvantages of holding gold. The fact that it’s not liquid like Bitcoin, the procedure to check if it’s real, etc. But digital gold is entirely different. It is gold but digitalized in the sense you do not have to carry it around or go through much protocol as physical gold. So, comparing Bitcoin and Digital gold is a tough one because they are both great ways to store money/value.
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December 22, 2023, 05:47:30 AM
 #208

Bitcoin and Digital Gold are both good investment for future. I want to buy both if I have a lot of money. By the way, if I have 10000$, then I buy crypto 5000$, gold 2500$ and others 2500$ for bussiness. I am also love crypto than gold.
Both of them are good investment. Not just good the best investment there is. If I were you I would also do the same. Not sure about the $2500 part though.

$100 bill and $100 worth of gold may look the same of value. But they aren't. Paper money will be worthless one day. One the other hand, rare earth elements like gold, silver won't loss it's value. Gold market cap is massive compared to others.

As for bitcoin, there isn't much to say. Without any doubt's we can say it's a good investment. 


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December 22, 2023, 01:05:24 PM
 #209

Ultimately it all comes down to one's own perspective on the matter.
We are free to do whatever we think is best and when the choice is already gold and bitcoin then indirectly we also certainly know what advantages and disadvantages can be obtained or maybe the advantages and disadvantages of these 2 assets so that after knowing this then we only need to weigh what we can afford and what we need now.
What you say is actually clear enough for everyone to understand and is clear enough about which choices each person who wants to invest should make. I have not forgotten both at all and also very often take both for my investment in the future, because I have also researched the advantages and disadvantages of these two assets in the past so I have considered both of them to be good and not bad to be used as long-term investment options

Quote
Apart from the many speculations that say bitcoin is better than gold or vice versa gold is better than bitcoin it comes back to our own judgement.
The most important thing is our focus whether we are ready with the choices we make or not because it is important after choosing which one we think is the best to make an investment because both are also good it's just that both bitcoin and gold they have advantages and disadvantages that certainly do not need to be explained in this case because we all know so think carefully about what you want to do with your money.
Referring to what you said, actually everyone can make their own choice for this matter, because both gold and Bitcoin are two assets that are quite well-known and good enough to be used as investments for everyone. But remembering that not everyone is able to take both at the same time, that's where it is necessary to make a choice that is most capable of being taken and what they want most, even though on different occasions, they can buy both at the same time for the same purpose.
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December 22, 2023, 01:22:52 PM
 #210

Bitcoin and Digital Gold are both good investment for future. I want to buy both if I have a lot of money. By the way, if I have 10000$, then I buy crypto 5000$, gold 2500$ and others 2500$ for bussiness. I am also love crypto than gold.
Having both is good but if you have been in Bitcoin for quite a while, you got to choose what you know has the better return.
Not going against with your distribution but if I have that amount, I'll set aside Bitcoin first and let later on do my own business from the profits that I'll make from holding bitcoin.
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December 22, 2023, 01:48:11 PM
 #211

Bitcoin and Digital Gold are both good investment for future. I want to buy both if I have a lot of money. By the way, if I have 10000$, then I buy crypto 5000$, gold 2500$ and others 2500$ for bussiness. I am also love crypto than gold.
Having both is good but if you have been in Bitcoin for quite a while, you got to choose what you know has the better return.
Not going against with your distribution but if I have that amount, I'll set aside Bitcoin first and let later on do my own business from the profits that I'll make from holding bitcoin.
I think it is natural that at this time everyone is starting to shift their investment to the most profitable thing. Perhaps many will say that the best investment is Bitcoin because it is very profitable compared to any investment currently in terms of profits obtained, although for other investments there are still lots of good ones.Having a wider variety of investments will certainly be better because there will be mutual coverage, but if the available funds are not enough, then the priority scale must be prioritized.If it's only $10K, I think I'll just focus more on Bitcoin because there's only a little time left to increase, and that opportunity would be wasted if you divided your investment into several parts.

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December 22, 2023, 05:54:51 PM
 #212

Both of them are good investment. Not just good the best investment there is. If I were you I would also do the same. Not sure about the $2500 part though.

$100 bill and $100 worth of gold may look the same of value. But they aren't. Paper money will be worthless one day. One the other hand, rare earth elements like gold, silver won't loss it's value. Gold market cap is massive compared to others.

As for bitcoin, there isn't much to say. Without any doubt's we can say it's a good investment. 

Both gold and bitcoin are good investment but in the case of gold we buy it at higher value but when we sell it on the same rate then we don't recieve the exact amount therefore you will wait for years to make your investment of gold a better opportunity.

Bitcoin is more volatile than gold but if it comes to the success then success percentage of bitcoin is more than that of gold. Both gold and bitcoin are successful so diversification of investment in these two will be more worthy than putting money in one. Waiting is necessary for both type of Investment therefore self restraint can give you more profitable outcomes.

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December 22, 2023, 06:53:48 PM
 #213

Both gold and bitcoin are good investment but in the case of gold we buy it at higher value but when we sell it on the same rate then we don't recieve the exact amount therefore you will wait for years to make your investment of gold a better opportunity.

Bitcoin is more volatile than gold but if it comes to the success then success percentage of bitcoin is more than that of gold. Both gold and bitcoin are successful so diversification of investment in these two will be more worthy than putting money in one. Waiting is necessary for both type of Investment therefore self restraint can give you more profitable outcomes.
Yeah, the profit margin might be low in case of gold compared to crypto (by crypto I meant both Bitcoin and Altcoins), but the risks are much much higher if one doesn't understands crypto properly. The market can be too volatile. Yes, one could easily achieve success with Bitcoin, if he knew what he was doing. But I don't think gold is bad either. It doesn't loses it's value that easily. That's why the rich likes to convert their assets into gold.

At the end of the day, everyone has different perspective over gold and bitcoin.

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December 22, 2023, 06:58:10 PM
 #214

Ultimately it all comes down to one's own perspective on the matter.
We are free to do whatever we think is best and when the choice is already gold and bitcoin then indirectly we also certainly know what advantages and disadvantages can be obtained or maybe the advantages and disadvantages of these 2 assets so that after knowing this then we only need to weigh what we can afford and what we need now.
What you say is actually clear enough for everyone to understand and is clear enough about which choices each person who wants to invest should make. I have not forgotten both at all and also very often take both for my investment in the future, because I have also researched the advantages and disadvantages of these two assets in the past so I have considered both of them to be good and not bad to be used as long-term investment options
Everything can be done because it does not mean that when we are in one asset (between gold or bitcoin) then being in one of the others is a mistake but for now it seems that there are still many people who always think that when the choice is in bitcoin or gold is considered right then the choice opposite to their choice is wrong even though the concept is not like that.

Being in both is also a very possible choice but we must have more finances to be able to balance between the needs we do in everyday life and the investments we make to support our future because it is important if we cannot do this then it is better to focus on one.


Quote
Quote
Apart from the many speculations that say bitcoin is better than gold or vice versa gold is better than bitcoin it comes back to our own judgement.
The most important thing is our focus whether we are ready with the choices we make or not because it is important after choosing which one we think is the best to make an investment because both are also good it's just that both bitcoin and gold they have advantages and disadvantages that certainly do not need to be explained in this case because we all know so think carefully about what you want to do with your money.
Referring to what you said, actually everyone can make their own choice for this matter, because both gold and Bitcoin are two assets that are quite well-known and good enough to be used as investments for everyone. But remembering that not everyone is able to take both at the same time, that's where it is necessary to make a choice that is most capable of being taken and what they want most, even though on different occasions, they can buy both at the same time for the same purpose.
I still agree with this, but there are some considerations that we should certainly think about.
Being in just one of them sometimes we have trouble in managing our finances let alone trying to do both.
Maybe in this case there will be a lot of reasons from some people such as verification but for me it would be better to be in one of them and focus there rather than having to verify but end up with the chaos that is owned from the financial management that we have.

 
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December 22, 2023, 09:02:05 PM
 #215

Bitcoin and Digital Gold are both good investment for future. I want to buy both if I have a lot of money. By the way, if I have 10000$, then I buy crypto 5000$, gold 2500$ and others 2500$ for bussiness. I am also love crypto than gold.
Having both is good but if you have been in Bitcoin for quite a while, you got to choose what you know has the better return.
Yeah I think the real reason why we always compare bitcoin to gold is because of high potential return. It's been more 10 years, and we all know which gives a better return. We've seen and heard a lot of stories, these two assets are on top list. However, we do all have our own preferences when it comes to invest, by learning the pros and cons we can weigh which is which.

Not going against with your distribution but if I have that amount, I'll set aside Bitcoin first and let later on do my own business from the profits that I'll make from holding bitcoin.
I can't see his move the best but it is better than having none. Choosing gold actually is best if you are concern about the security, we know gold is getting more expensive per gram unlike Bitcoin that has a season, it would take so much time to get a wild profit though relatively you can also make millions in span of what, 6, 9 months. He can also do the other way around, the profit from business to capitalized on bitcoin which is more secure I think.
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December 22, 2023, 09:13:22 PM
 #216

I still agree with this, but there are some considerations that we should certainly think about.
Being in just one of them sometimes we have trouble in managing our finances let alone trying to do both.
Maybe in this case there will be a lot of reasons from some people such as verification but for me it would be better to be in one of them and focus there rather than having to verify but end up with the chaos that is owned from the financial management that we have.
Disverification is great if you have more money to invest but I agree with what you're saying in this case.
When the finances that we do have are minimal then doing this verification actually makes the performance in investment not optimal.
Indeed, on the one hand this will be very good because we do not expect in one place because it is still in both but on the other hand this can also hamper you in making optimal efforts in making investments made.
For example in this case when we are in standard finance and choose bitcoin alone then surely our thoughts about investment will only be focused on bitcoin but if we have other options then our thoughts will branch out and this will interfere with investing because we are confused about where to put our money.
Instead of things like this happening, it would be better if the focus is in one place first if it is felt that we are able to control the investment there then there is nothing wrong with doing it in other places such as gold because it depends on our own choices in the end.
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December 22, 2023, 11:11:28 PM
 #217

Bitcoin and Digital Gold are both good investment for future. I want to buy both if I have a lot of money. By the way, if I have 10000$, then I buy crypto 5000$, gold 2500$ and others 2500$ for bussiness. I am also love crypto than gold.
Having both is good but if you have been in Bitcoin for quite a while, you got to choose what you know has the better return.
Yeah I think the real reason why we always compare bitcoin to gold is because of high potential return. It's been more 10 years, and we all know which gives a better return. We've seen and heard a lot of stories, these two assets are on top list. However, we do all have our own preferences when it comes to invest, by learning the pros and cons we can weigh which is which.
I guess that it's going to be part of the books of comparison at all times even if we go into another bull run. And with the preference of most here, it's obvious because we're not a gold forum.

Not going against with your distribution but if I have that amount, I'll set aside Bitcoin first and let later on do my own business from the profits that I'll make from holding bitcoin.
I can't see his move the best but it is better than having none. Choosing gold actually is best if you are concern about the security, we know gold is getting more expensive per gram unlike Bitcoin that has a season, it would take so much time to get a wild profit though relatively you can also make millions in span of what, 6, 9 months. He can also do the other way around, the profit from business to capitalized on bitcoin which is more secure I think.
Yup, any action and initiative is what makes someone do better than the other doesn't do anything. Nonetheless, his distribution is what he can afford to do and take the risk with.
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December 23, 2023, 08:05:32 AM
 #218

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.

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|MINER|
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December 24, 2023, 05:38:56 PM
 #219

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.

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December 25, 2023, 06:48:50 AM
 #220

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.

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