Bitcoin Vs Gold, land which better?

[Learn Bitcoin]

my father and mother from my family have no knowledge of bitcoin so they keep persuading me to invest in bitcoin.

They don't understand bitcoin so they persuade you to buy it? Did I read it right?
Why? This sounds a bit crazy on their part.

I am sure he didn't mean that. I guess he used a translator to translate that part and that's where the mess happened. Or he used the wording without even understanding the meaning. In the next line, he admits that his parents do not understand anything about Bitcoin, and they think gold, bank deposits, or buying land is safer compared to Bitcoin. 

Safer usually means less profitable. For instance, one of the safest investments is to buy foreign currency of a country with strong economy compared to yours, but this will barely allow you to make any money.

I won't say less profitable. However, safer methods take a long time to give the ROI. For example lands. I grew up seeing the land price triple in the last ten to fifteen years. Yes, it's less profitable if you compare it to other investments.

[1715617927]

1715617927

[1715617927]

1715617927

[1715617927]

1715617927

[1715617927]

1715617927

[Gallar]

I got into Bitcoin as a college student though I am not involved in earning yet but I have a lot of interest in Bitcoin and I am planning to hold Bitcoin. My father is a Malaysian expatriate. He receives a salary of $500 per month and sends $400 per month to support my family. I collect all the money from my father's salary and spend it for family support. Recently I have made a plan to invest a certain part of my father's salary remittance in Bitcoin but in this case I don't understand whether it should be invested in Bitcoin. I paid attention to invest in bitcoin seeing the popularity and future importance of bitcoin but my father and mother from my family have no knowledge of bitcoin

Investing money in Bitcoin, personally I also agree with this, because in the future Bitcoin will most likely have very good potential. So I'm not surprised if you have such an idea. However, you need to know first that Bitcoin investment takes a long time, and requires very cold capital so that the investment process will be easier and there will be minimal obstacles. So your decision to use family money to invest in Bitcoin must of course be based on mutual agreement (parents and family). So if your parents and family don't know anything about bitcoin, then you have to give them insight into bitcoin first. Because that is the only way that you can convince your family more about investing in Bitcoin.

My parents thought that bitcoins that cannot be seen or touched cannot be an asset. They think that investing in physical assets such as gold, bank deposits, land etc. is more profitable than Bitcoin. 

Indeed, parents who have never previously known anything about Bitcoin will definitely have opinions like that. Because the investment assets that they (parents) already know about and perhaps already understand are assets such as land, gold and property. Therefore your parents also think the same. Besides, it is normal for your parents to think that Bitcoin is not an asset. Because for parents, an investment asset must have a physical form. So maybe that's where the biggest challenge is for you. Apart from that, at this phase, don't force your parents too much to invest in bitcoin. Because after all, they are your parents who you cannot force with your ideology.

So the only way I can suggest for you is to find your own capital to invest in bitcoin. Then after that you must be able to prove very satisfactory results to your parents. Well, if you have proven something great for your parents through Bitcoin investment, I'm sure your parents will be more able to think and most likely your parents will be a little interested in Bitcoin.

[Popkon6]

I got into Bitcoin as a college student though I am not involved in earning yet but I have a lot of interest in Bitcoin and I am planning to hold Bitcoin. My father is a Malaysian expatriate. He receives a salary of $500 per month and sends $400 per month to support my family. I collect all the money from my father's salary and spend it for family support. Recently I have made a plan to invest a certain part of my father's salary remittance in Bitcoin but in this case I don't understand whether it should be invested in Bitcoin. I paid attention to invest in bitcoin seeing the popularity and future importance of bitcoin but my father and mother from my family have no knowledge of bitcoin so they keep persuading me to invest in bitcoin.

My parents thought that bitcoins that cannot be seen or touched cannot be an asset. They think that investing in physical assets such as gold, bank deposits, land etc. is more profitable than Bitcoin. But even after I convinced them, they are not ready to invest in Bitcoin. They don't want to believe in virtual currency.

Right now I want your important advice on how to convince them.

Since you have expressed some interest in investing, there is no doubt that you can invest.

Can accept ideas: https://bitcointalk.org/index.php?topic=5376945.msg58719584#msg58719584

Investing in Bitcoin will definitely make you successful because the future of Bitcoin is very bright. And large corporations have invested in Bitcoin. And explain to your parents that today's time is digital so now you have to accept crypto currency if you want to continue in modern life. And you'll understand that Bitcoin is the most appropriate at the present time as the demand for it exists in every country (secretly or openly). So you definitely invest in Bitcoin.

[YUriy1991]

They think that investing in physical assets such as gold, bank deposits, land etc. is more profitable than Bitcoin. But even after I convinced them, they are not ready to invest in Bitcoin. They don't want to believe in virtual currency.

Safer usually means less profitable. For instance, one of the safest investments is to buy foreign currency of a country with strong economy compared to yours, but this will barely allow you to make any money.

I think normal, because they don't understand and do it yet and are familiar. Because cryptocurrency is a new technology, maybe people don't use it yet. Bitcoin, although intangible, runs on a material infrastructure consisting of people, money, and their trust in this system.

There is one important thing to consider that in the global market sometimes there is a price gap between two countries, while some other times, the same difference occurs between exchange prices in a country. But, Personally if I look at the Bitcoin Market it makes a big difference when I compare it with all the other traditional financial institution sites that I usually use.

[mamesso]

Bitcoin and Gold both have their own advantages and disadvantages, both are very good as investment assets, but Bitcoin is known to be very volatile compared to gold, land or real estate. A person's interest in choosing an investment asset depends on their individual perception of looking at an asset, your parents' doubts about Bitcoin because they don't know what Bitcoin is all about and the potential that can be generated from Bitcoin.

They are used to investing in gold because it is considered to have a more stable value and is very profitable for storing value. Bitcoin is also the same as gold because it has an asset value that is not easily shaken even when economic conditions are weak, because it is resistant to economic shocks, Bitcoin is often nicknamed "digital gold". You must be able to change parents' views to open their eyes to see the advantages that can be generated from investing in Bitcoin so that they want to believe in Digital Gold.

[kro55]

His father's income is 500 USD per month and they use 400 USD for monthly needs. Furthermore, he was just a student and the whole family depended on his father's sole source of income. Do you think his family can have a fund of 10 thousand dollars?

You misunderstood it. His father earns 500 USD per month and sends 400 USD to them to support their family. Did you notice his father spending $100 per month only to live in a country like Malaysia? That does not really mean they spend all their 400 each month. The cost of living in the village side of Bangladesh increased in the last two or three years. But before that time, even $50-80 was enough for a two or three-member family to cover up the expenses. Everything was way cheaper than it is today. If you talk about today's expense, it won't exceed the $150 limit for a member's family if he lives in the village side because most of the people live in their own houses and have firm rice and necessary vegetables. I know many family who's monthly earning was around $500 a month, and they have $30K cash in their bank. If he lives in the town side (Which I guess is not), the expenses are totally different.

150 USD/month for a family of 3 is a quite modest number for me, it's really a very low standard of living compared to the standard of living in my country. My family consists of 4 people, every month I have to spend about 400$-500$ and we are a poor family, belonging to the low-income class in my hometown. I am actually quite surprised with the level of spending in Bangladesh, it is so different from my country while my country is not richer than Bangladesh.

[Smack That Ace]

()

()

Like you said, Bitcoin can give huge returns over a short period of time unlike other investment portfolios that takes so much time to yield profits even at a very slow rate... it has happened in the past and it can still happen again.

That's all I want to say and what bitcoin investors are expecting. Although to be able to make a profit we need to hold bitcoin for many years and at least 4 years, it is clear that when compared to other assets, that period is still shorter and the profit that it can bring will be much greater. That's why we're all here, and we choose bitcoin over gold or real estate.

But I also believe that if we can get rich from bitcoin or make a lot of profit from bitcoin, I believe we will also buy gold or real estate because that is almost everyone's need.

[Inwestour]

150 USD/month for a family of 3 is a quite modest number for me, it's really a very low standard of living compared to the standard of living in my country. My family consists of 4 people, every month I have to spend about 400$-500$ and we are a poor family, belonging to the low-income class in my hometown. I am actually quite surprised with the level of spending in Bangladesh, it is so different from my country while my country is not richer than Bangladesh.

If you need to adapt to a certain level of income when there is no other choice, then this becomes a necessity. Probably in every city there are wealthier families and there are those who cannot even afford to buy a washing machine. Over the weekend I bought myself a new one and asked my neighbors, maybe someone needs my old washing machine. My neighbor said that she had a friend who didn’t have a washing machine. I didn’t think there were such poor people, I gave it to them as a gift.

And not far from me lives a very rich family in a two-story house, they have a Tesla and a landcruiser, so poverty and wealth go side by side. A rich family has their own sewing workshop, they got rich without Bitcoin and without gold, and for the poor hard to think about investing.

[Reatim]

Yet mate? As bitcoin user and investors, we tend to still believe in capacity of bitcoin comparing yo GOLD?

Did you read my post that says Bitcoin is better than gold?

The chart and the quoted part is about market caps of Bitcoin and gold. I did not say anything wrong that Bitcoin still has a long way to reach Gold market cap. Having a lower market cap does not mean Bitcoin is worse than gold as Bitcoin is decentralized and verifiable with its network and public ledger.

you did not get the sarcasm ? lol I was supporting your chart and I was calling those people that comparing bitcoin to gold while we continuously supporting bitcoin lol.
sometimes it is because of our language being used as english is my second language lol.

His father's income is 500 USD per month and they use 400 USD for monthly needs. Furthermore, he was just a student and the whole family depended on his father's sole source of income. Do you think his family can have a fund of 10 thousand dollars?

You misunderstood it. His father earns 500 USD per month and sends 400 USD to them to support their family. Did you notice his father spending $100 per month only to live in a country like Malaysia? That does not really mean they spend all their 400 each month. The cost of living in the village side of Bangladesh increased in the last two or three years. But before that time, even $50-80 was enough for a two or three-member family to cover up the expenses. Everything was way cheaper than it is today. If you talk about today's expense, it won't exceed the $150 limit for a member's family if he lives in the village side because most of the people live in their own houses and have firm rice and necessary vegetables. I know many family who's monthly earning was around $500 a month, and they have $30K cash in their bank. If he lives in the town side (Which I guess is not), the expenses are totally different.

150 USD/month for a family of 3 is a quite modest number for me, it's really a very low standard of living compared to the standard of living in my country. My family consists of 4 people, every month I have to spend about 400$-500$ and we are a poor family, belonging to the low-income class in my hometown. I am actually quite surprised with the level of spending in Bangladesh, it is so different from my country while my country is not richer than Bangladesh.

correct , 150 USD isn't even enough for single person to live for 1  month so what more for a family of 3 or more?
but well , living from different part of the world has its own way, how i wish that in my continent , that amount can bring family to table for food per month.;

[bitterguy28]

His father's income is 500 USD per month and they use 400 USD for monthly needs. Furthermore, he was just a student and the whole family depended on his father's sole source of income. Do you think his family can have a fund of 10 thousand dollars?

You misunderstood it. His father earns 500 USD per month and sends 400 USD to them to support their family. Did you notice his father spending $100 per month only to live in a country like Malaysia? That does not really mean they spend all their 400 each month. The cost of living in the village side of Bangladesh increased in the last two or three years. But before that time, even $50-80 was enough for a two or three-member family to cover up the expenses. Everything was way cheaper than it is today. If you talk about today's expense, it won't exceed the $150 limit for a member's family if he lives in the village side because most of the people live in their own houses and have firm rice and necessary vegetables. I know many family who's monthly earning was around $500 a month, and they have $30K cash in their bank. If he lives in the town side (Which I guess is not), the expenses are totally different.

150 USD/month for a family of 3 is a quite modest number for me, it's really a very low standard of living compared to the standard of living in my country. My family consists of 4 people, every month I have to spend about 400$-500$ and we are a poor family, belonging to the low-income class in my hometown. I am actually quite surprised with the level of spending in Bangladesh, it is so different from my country while my country is not richer than Bangladesh.

if that 400-500 dollars is only for food then I can say that you are living more better than mine , but if the house rent and bills are added into that then maybe we are almost living the same.
but 150$ for  family of 3 per month is yes thats a little bit of low .
specially if there is student or with extra expenses .
or maybe the food in Bangladesh is cheaper than us? am not sure about that but assuming it is? then maybe that is the reason why they can live still with that amount of budget monthly.
but His plan needs to be decided by His parent as those are theirs , hope that they will come with best result .

[kingvirtus09]

I got into Bitcoin as a college student though I am not involved in earning yet but I have a lot of interest in Bitcoin and I am planning to hold Bitcoin. My father is a Malaysian expatriate. He receives a salary of $500 per month and sends $400 per month to support my family. I collect all the money from my father's salary and spend it for family support. Recently I have made a plan to invest a certain part of my father's salary remittance in Bitcoin but in this case I don't understand whether it should be invested in Bitcoin. I paid attention to invest in bitcoin seeing the popularity and future importance of bitcoin but my father and mother from my family have no knowledge of bitcoin so they keep persuading me to invest in bitcoin.

My parents thought that bitcoins that cannot be seen or touched cannot be an asset. They think that investing in physical assets such as gold, bank deposits, land etc. is more profitable than Bitcoin. But even after I convinced them, they are not ready to invest in Bitcoin. They don't want to believe in virtual currency.

Right now I want your important advice on how to convince them.

So, if my interpretation is true, it appears like you are reconsidering dedicating a portion of what the Father provides you each month to invest in Bitcoin. That's why both of your parents are still skeptical of Bitcoin.

Perhaps you are thinking that if you go ahead with what you are doing, your father will be furious. Maybe that's what your father is sending; simply chop a bit and set it aside for Bitcoin in the interim, and keep it a secret from your parents. Because they won't understand no matter what you explain because it's still closed.

[jasonjm]

Right now I want your important advice on how to convince them.

All these investment options are very good, and each has pros and cons. ROI in Bitcoin is very high, but at the moment, the price is highly volatile, and you might not get an instant profit; you have to wait for at least two years to earn a good profit. Gold is not an investment option but a store of value and a hedge against inflation and currency devaluation. Property, on the other hand, is a good option to invest.

I think you should tell your parents about the Bitcoin and its potential. Give them a few articles about Bitcoin to study and analyse the associated risks. It should be their decision and should not be forced. After all these efforts, if your parents do not want to invest in Bitcoin, I think you should drop this idea because it is their money. If it's not your money, you have no authority to decide its fate. Invest your personal savings/ earnings into Bitcoin.  

[Miles2006]

Why forcing your parents to invest on bitcoin. I think you should educate them about bitcoin first before they can start investing, there's a saying knowledge is power, educating them about bitcoin gradually and I think they will have no choice to invest on bitcoin. Bitcoin has amazing features and you've made the right decision to invest on bitcoin.
I see no reason why people compare bitcoin and gold, both bitcoin and gold are different, bitcoin is valuable same goes for gold, people use bitcoin as an investment same for gold. But people trust gold more than bitcoin, I don't blame people who say gold is better than bitcoin, gold has been for years and decades but bitcoin has not been for years,
But I will perfer if you give them a better knowledge before they can start investing

[CoinFoxs]

First invest in bitcoin and do trading and earn profit then buy gold from bitcoin’s profit and land. The last step sell your gold and land and then again buy bitcoins !

[tjtonmoy]

If it's not your money then don't invest. Bitcoin invest should only be done with what you can afford to lose. If it's not your money to begin with then you can't afford to lose them. Even if your parents agree then it should be done by them and not you. Make your own money first before you invest into something that carries risks.

And for the part of weather to invest in Bitcoin or gold or land. All of them are a great choice for investment. But depending on what type of person you are and what are your preference the choice may vary. If you are more into technological stuff then you can choose Bitcoin. If you want a slow but steady growth of your asset then it should be gold. And if you want a traditional way of investment, then land it is.

All of them are good but when it comes to investment, use only what's yours. That's all I can say.

[danadc]

Gold is the most accepted worldwide, it is known that gold is the only option that many have to be able to do impressive things, they have brought countries out of bankruptcy, but bitcoin is different, it is for the new generations, that they no longer believe in the traditional things of the economy, which are still valid, but that we are now in a new era and that must be accepted, therefore we must see that now what will dominate is bitcoin, gold is not that is worth more or less than bitcoin, gold maintains its value, it can even rise in price, it is a safe asset , but bitcoin for me is more valuable because in terms of value it is valued more.

[Sophokles]

First invest in bitcoin and do trading and earn profit then buy gold from bitcoin’s profit and land. The last step sell your gold and land and then again buy bitcoins !

You are giving him suggestions or telling him your opinion! Op wants to learn about each assets potential and I think your advice should be more specific. An asset like bitcoin is highly volatile and risky when gold shows stable ups and downs. Land prices are more stable than gold so if someone has a large allocation of funds for investment he should invest in land or gold first which will give them a sense of security. A portion of the funds can be allocated for bitcoin so that if anything bad happens he won't go broke. We should always diversify when investing in assets. If someone is buying only risky asset he is doing gamble and if someone only wants to invest in less risky asset then he will lose a lot of opportunity.

[Baki202]

Bitcoin and Gold both have their own advantages and disadvantages, both are very good as investment assets, but Bitcoin is known to be very volatile compared to gold, land or real estate. A person's interest in choosing an investment asset depends on their individual perception of looking at an asset, your parents' doubts about Bitcoin because they don't know what Bitcoin is all about and the potential that can be generated from Bitcoin.

They are used to investing in gold because it is considered to have a more stable value and is very profitable for storing value. Bitcoin is also the same as gold because it has an asset value that is not easily shaken even when economic conditions are weak, because it is resistant to economic shocks, Bitcoin is often nicknamed "digital gold". You must be able to change parents' views to open their eyes to see the advantages that can be generated from investing in Bitcoin so that they want to believe in Digital Gold.

Gold and Bitcoin with land are precious assets and people will consider their capacity because all fingers are not equal, going for land and gold now not everybody might be able to buy, and I will say Bitcoin is cheaper to buy but the volatility is what scares people. and left for our parents they will go for the land they still don't have complete trust in Bitcoin. some of them even have ideas about Bitcoin but still find it difficult for many of them to invest their money. My parent is old so they will even find it very difficult for them to understand.

[bittraffic]

In my opinion, investing money that isn't mine into something too speculative is a huge no-no. Why not just use your own money instead? That way, you don't receive any crap if ever the investment goes bad. They already aren't convinced in the first place, so why force them?

This would be the key point I think.

Putting it aside, I don't know why the OP brings land into the equation, unless it is so cheap that you can buy chunks of land for $50. The normal is that you will have to save several months at least until you can buy something, whereas gold and bitcoin you can buy small amounts. The downside of gold is the premium he will pay both buying and selling and if he does DCA bitcoin he should think about buying a HW.

The rich men are actually buying lands particularly the country side properties since its the last that will be affected when there is uncertainty like ww3. Some of them are buying lands or islands in Hawaii or so.

Sometimes  the rich men are even buying yatch although we know this is going to be a liability in the long run but it make sense during war for they could just travel on their own with it to safety with their family.

When a person buys more land, he may face questions about his income in various ways. From where he got the money to buy his land or what is his source of income, how much money he can earn from it. Various types of problems may arise when the law is enacted. A similar situation may occur with gold. But if someone can keep bitcoins in his personal safe wallet then he can use that money anywhere no matter how big it is. If he survives a world war or whatever, his wealth will remain intact. I think Bitcoin is the best investment in terms of high asset value and for safety in the future.

Probably in US but head down to Mexico or to the Caribbean, you could probably get documents of a piece of land by 2AM and then process ownership by 7:00 in the morning. If you are rich you must have friends of friends who can help.

A piece of land is also indestructible. But a piece of paper where your seed is can be burned just like what happened in Hawaii or floods in various cities. Your precious seed is gone and you are there wondering why no backup plans. The goal is to survive with multiple assets with you. If you only have BTC, you'd end up paying rent after.

[GeorgeJohn]

From my experience theirs no investment that is not profitable when you have understand the rudiments of the investment you want to venture into, I'm not against any kind of investment but rather as someone who want to venture into investment you have to know the conditions or secret behind such investment first.

The as of bitcoin investment that you are doing with your father, have it in mind that bitcoin investment is all about mindset so therefore you need to have the knowledge of bitcoin first before investing, secondly know that not everyone who invested in bitcoin that make profit at least they do not make profit much, just have it at make of your mind.

When you peruse to investment methods, its obvious that people make profit to investment they know about the procedures, so therefore I believe that what you know better is what you will benefit from..land business or investment have its advantages and disadvantages likewise bitcoin and gold, but landed properties doesn't depreciate in value but bitcoin depreciate and also fluctuates in value, so you can't compare land with bitcoin, basically landed investment is something you see and touch but bitcoin is a virtual currency that you can't touch and nobody control's it value or neither regulate the values of bitcoin.

You can only invest on what you can exercise patients on, when you purchase land you will not be afraid of the land depreciating but bitcoin you will be monitoring bitcoin if its approaching bearish or if its approaching bullish market. So it's only someone who knows the doctrine of bitcoin will exercise patients and make profit through bitcoin by long-term investment.