Bitcoin Vs Gold, land which better?

[serjent05]

All I can say is, if that is your money then do what you wanted to do with it but if it is not yours, the one who own the money has the right to decide where to invest his money.  Even though Bitcoin is the better choice in the current situation, there is no denying that the other two option is good too.

If you had done all you can to convince them and  yet they don't believe you then there is nothing you can do since it is not your money.

But for the last time, try to give them information that can be found in the Internet.  Those facts about Bitcoin and Economics.  You cannot get them to be interested if you discuss the technical aspect of Bitcoin, instead try to approach them about Bitcoin and its economy.  How companies integrate Bitcoin and how other countries are acknowledging Bitcoin as a mode of payment, legal tender,  legal property, and a commodity.

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[GbitG]

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.

It's up to you how you can encourage your parents to comment on which investment is good, but here I will discuss that you need to place more emphasis on your parents to understand the difference in technology that people now adopt for something new and more desirable. For example, you should understand that people used to travel abroad in buses and trains in early days, so when aeroplanes were invented, people hesitated to travel in them and embraced air travel for its benefits, knowing that there was a risk of harm, but soon they realized that their benefits were more than their impairment.

So, in the same way, you should understand from the example of Bitcoin that it is true that there may be some loss due to the volatile nature of Bitcoin, but the benefit of adoption of Bitcoin is greater than the impairment. And moreover, it's up to your investment strategy as to how you can manage to survive in volatile assets (Bitcoin).

So it means that you should explain to your parents, like in this example, that investment in Bitcoin is a little more volatile than gold or real estate, but the profit ratio is higher than that of gold and real estate.

[seanskie18]

It is essential for point out that comprehending Bitcoin is required before making any investment. Encourage them to conduct their own study and carefully weigh the risks and advantages. Respect their decision, because it is their money, and financial decisions should be made independently. So for me,  base on my own researched, Bitcoin is the best investment among them.

[jeraldskie11]

I would say that these 3 are the best investment to have since they are all good for long term. Gold and land, we know that they worth are gradually increase and that's why they called an asset. But your profit potential is not so big and you have need more time to wait. If you're investing in Bitcoin, the profit potential is huge and can be happened at anytime wether this year or next year. So if I were to choose which of them are better, I will go for Bitcoin, not just because of profit potential but also because their security and you only have to keep the private key.

[Uruhara]

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.

We often encounter problems like this in our daily lives. Not even once or twice have I heard about people who think depositing in a bank is much better than investing in bitcoin.

I think the first approach you have to take is to provide them with insight into centralized systems and non-centralized systems. And tell them about fiat which is prone to being affected by inflation if held for a long time. Even the interest earned from bank deposits will not be commensurate with the decline in the value of the currency itself.

But if they talk about gold then I can't comment anything. Because saving in gold is the safest and is not too affected by inflation. But I consider gold to be just a store of value and not an investment vehicle. Because the value of gold tends to be the same from time to time. What makes it seem more expensive is because the currency we hold has actually decreased in value.

[Learn Bitcoin]

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.

Well, everything depends. As I said, sometimes $500 for two people is too low an amount if you live in a city, you have to pay for the rent as well. However, most Bangladeshi have their own house in the village, and vegetables, fish, and rice are the main foods for Bangladeshi people. Maybe $150 is too low, but if they spend $200 for three people and they live in a village side, it's good enough. Because most Bangladeshi people have land to firm vegetables and Rice, it's not below standard. You can live like a king in some places with $200-$250 monthly. But everything is changing these days. There was a time when $100 was enough for a family in Bangladesh, and it's not too long ago.

[Blitzboy]

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.

We often encounter problems like this in our daily lives. Not even once or twice have I heard about people who think depositing in a bank is much better than investing in bitcoin.

I think the first approach you have to take is to provide them with insight into centralized systems and non-centralized systems. And tell them about fiat which is prone to being affected by inflation if held for a long time. Even the interest earned from bank deposits will not be commensurate with the decline in the value of the currency itself.

But if they talk about gold then I can't comment anything. Because saving in gold is the safest and is not too affected by inflation. But I consider gold to be just a store of value and not an investment vehicle. Because the value of gold tends to be the same from time to time. What makes it seem more expensive is because the currency we hold has actually decreased in value.

Misconception number one: standard banking is always better needs to be debunked very strongly. Prior to that, let us examine the difference between centralized and decentralized systems. Problems always exist with centralized banking systems, right? Foreign factors, inflation, political agendas, and even global disasters can affect them. In contrast, Bitcoin works in a decentralized way, meaning that there is no single authority controlling it. This makes it less vulnerable to inflation.

Although, your point about gold is not the same. Gold is a good way to keep your money safe throughout history. Regarding gold, I believe that only seeing it as a way to keep value somewhat underrates its potential. Yes, its value stays the same, but isnt that what makes it strong - that consistency? Gold's stability isnt the real problem; its the falling value of the currencies we use to measure it. No one should be surprised by the limits of fiat currency and the possibilities of alternatives like Bitcoin.

[JustineCollins09]

Their point of view is also correct. You must have sufficient knowledge before stepping into the crypto market as it's a money to support your family. I recommend you to buy BTC from your money earned.

[Easteregg69]

Bitcoin. BTW. Betfury sports is fired for being a "Sudan" scam. You better checkup on who is behind the "peace talks".
Bitzlers is thieves. Straight out. Buy ETF coins.

You will compare Tesla stocks to Bitcoin ETF in the future.

[thiagothx1370]

I don't know which country you live in and what the prices are there but in general with this small amount you cannot buy a lot of gold or land so it would be better if you could convince your parents to invest in Bitcoin instead.

Buying a small amount of $200-300 per month is not a large amount, but it will give you some good profits in the long run. You may get 3-4 times that when Bitcoin rises to a new peak.

It is difficult to convince parents of this new technology, but you have to make your effort and try.

As he said above he lives in Blangladesh.

[Easteregg69]

I don't know which country you live in and what the prices are there but in general with this small amount you cannot buy a lot of gold or land so it would be better if you could convince your parents to invest in Bitcoin instead.

Buying a small amount of $200-300 per month is not a large amount, but it will give you some good profits in the long run. You may get 3-4 times that when Bitcoin rises to a new peak.

It is difficult to convince parents of this new technology, but you have to make your effort and try.

As he said above he lives in Blangladesh.

I had People from Holland defending Muslims. Just tell them to piss off!

[Onyeeze]

What I will say concerning bitcoin is that it is a newly introduce because from the history of Bitcoin I don't think that the Bitcoin existence is up to 20 years I know that it will be below 20 years it has been introduced to the society but yet in the house and more influence and the gather more population than the already digital currency that has been in to existence for long time which is good, people preferred using bitcoin for investment by using gold or landed kind of investment so it it depends what you understand and what you differentiate between bitcoin and gold for investment purpose

[Assface16678]

Well, the thing is, I understand why your parents are hesitant to invest in bitcoin. First of all, what you will use for investment purposes is the money that your father worked hard for to support the family and for family expenses, so it's understandable that they will be wary about investing the money in something that they didn't know. I also know how you want to help your family by investing, but it's not that simple.

If you are confident enough that you know how the market works or that if you invest, you will earn, then pursue it. If your parents still don't want you to invest using their money, then find another way to have capital, do part-time jobs, or there are a lot of internet jobs you can find. And if they still don't want it, you can resort to investing your father's money for family. Just get a small portion and do some investing; if it's earned, then get back what you've gotten from your father. You see, it's hard for the elders to be convinced on investing in bitcoin, and this is new to them, and it's hard for them to understand such complex things.

[Solokan]

indeed investing in bitcoin is a good thing because btc has the potential to be good in the future, but of course investing in btc has risks and it is not guaranteed that the future will be 100% good.

You have good thoughts and of course want to improve the family's economy so that it will be better in the future by investing some of the money your father sent you into BTC and I think that is a good plan.

Indeed, in explaining BTC, there are times when it is not always easy and not everyone can quickly understand BTC and even though they already understand, of course there are those who are interested and there are those who are not. so in my opinion in this case you have to be patient in explaining BTC to your mother and father and it seems because your father and mother don't understand much about BTC so if he refuses your suggestion of course that is a natural thing because he doesn't understand BTC yet so you can explain about BTC to your father and mother patiently because if they already understand about BTC then your father and mother may agree to your plan. However, you also have to tell your parents about the risks of investing in BTC so that you are not blamed if you suffer a loss from it. invest in btc. but in this case you also shouldn't force your father and mother to invest in BTC and indeed investing in gold or land is not too risky so let them choose the path they want.

[JustineCollins09]

There are different uses of those three things. If want to dump your cash you should go with land or if you think you can manage the volatility of coins there is an option too. It depends on you though bank consider gold valuable for a reason and not bitcoin

[Cryptmuster]

indeed investing in bitcoin is a good thing because btc has the potential to be good in the future, but of course investing in btc has risks and it is not guaranteed that the future will be 100% good.

You have good thoughts and of course want to improve the family's economy so that it will be better in the future by investing some of the money your father sent you into BTC and I think that is a good plan.

Indeed, in explaining BTC, there are times when it is not always easy and not everyone can quickly understand BTC and even though they already understand, of course there are those who are interested and there are those who are not. so in my opinion in this case you have to be patient in explaining BTC to your mother and father and it seems because your father and mother don't understand much about BTC so if he refuses your suggestion of course that is a natural thing because he doesn't understand BTC yet so you can explain about BTC to your father and mother patiently because if they already understand about BTC then your father and mother may agree to your plan. However, you also have to tell your parents about the risks of investing in BTC so that you are not blamed if you suffer a loss from it. invest in btc. but in this case you also shouldn't force your father and mother to invest in BTC and indeed investing in gold or land is not too risky so let them choose the path they want.

Why convince anyone to invest in Bitcoin, especially if someone doubts it, it doesn’t matter if it’s your parents, friends or anyone else. Imagine the situation, if they now buy Bitcoin at 43k, and in a few months it will cost several times less, everyone you advised to buy will blame you for losing money, and not everyone will understand that they need to hold, there will be those who will sell and lose a lot of money, perhaps which they have saved for many years. If someone thinks that gold or real estate is a better investment than Bitcoin, then there is no need to convince them otherwise.

[blckhawk]

Bitcoin's the least of the best because in the event that the market really did collapse, I don't think that we're getting bitcoin to help us because it's going to most likely be affected really fast. Gold is a good one in the case of an economic meltdown because precious metals has always been valuable, land is a bad thing because as we all should've known about land, revolution and means of production is that land can easily be taken away from someone, by paper or by force so land is a bad idea. But for your purpose of convincing them, just show them how bitcoin was about 14 years ago, that would be enough to tell them that for the long-term investment, it's going to give your family the profit so in the hopes that a global economic depression never happens, bitcoin is the way to go.

[Baki202]

I would say that these 3 are the best investment to have since they are all good for long term. Gold and land, we know that they worth are gradually increase and that's why they called an asset. But your profit potential is not so big and you have need more time to wait. If you're investing in Bitcoin, the profit potential is huge and can be happened at anytime wether this year or next year. So if I were to choose which of them are better, I will go for Bitcoin, not just because of profit potential but also because their security and you only have to keep the private key.

Their is no way you will invest in all three and you won't make profit out of them they are all lovely investment. The only thing now is money to invest in them. When there is resources to buy you will even be confused on which one to buy because they are all fine assets. And they are all long time assets. So if anyone is going for such assets then they must be ready to wait for a long time and at the same time have patience. But the three actually have good profits when you sell after the market is favorable.

If you are investing in bitcoin and you don't see any returns, you will need to be extremely knowledgeable about the market and be willing to wait. The greatest digital assets to choose are gold and bitcoin, which are safe options as you may sell them whenever you want. There are buyers everywhere.

[snowpega]

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

I would say you should invest only the amount you can bear as a loss but the chance of losing in Bitcoin is very low and for now, after approval of Bitcoin ETF is very positive and bullish News for the market. current support seems to be a good opportunity for buys and Blackrock is accumulating Bitcoin at the current time so, we should too. it looks like Bitcoin will surpass the gold market cap in this bull run reason. DYOR

Enevt it also the fact real estate, Gold and other of your aforementioned investment has their own pros and cons so it is better if you put some effort into exploring more and make a good decision. Many Thanks!

[Ojima-ojo]

First let them know the properties and their various liabilities, because when you talk about Bitcoin, it has a very interesting market right now then every other assets, most especially now that Bitcoin investment is untaxed in many countries around the world, and also for the fact that Bitcoin does not need any form of maintenance like landed properties will need.


For me, aside from Bitcoin, the other assets I can consider in it class is gold, since even gold is a sustainable investment which have not hard tax placed on it like housing and the rest


So if I must advice you, it to make sure you explain to your perants both the advantages and disadvantages of Bitcoin as an investment and how best their can mentain that.