Gold vs Btc

[promise444c5]

I was going through twitter post today and I came across  a post. Then I wondered what about hypes from medias and the success behind  Gold or is it only out of trading it falls before gaining it balance back.

Gold isn't much stable but can be volatile and I guess traders make some profit out of its volatility. However ,BTcC is more volatile compare to Gold , but why is Btc still preferred over Gold .
In my view, I believe  most people store their assets as Gold  because Gold is less volatile compared to BTC
But what about  choice  between Gold to BTC this image should  determine


https://twitter.com/TheBTCTherapist/status/1724011723726655577?t=KoU4wY5CWS_n5hNe1KKZ-g&s=19

This is somehow funny though if you've invested  in Gold then compared to now

[_act_]

I couldn't believe this is true until I checked it myself.


https://goldprice.org/

Form that chart, gold was around $1900 in 2011 forth quarter. Gold price as of today is $1961.

It is better to buy bitcoin instead of gold.

[tranthidung]

Is he Peter Schiff who is a greatest Bear against Bitcoin?

He called Bitcoin is fraud, invested in bitcoin is stupid when Bitcoin is a few dollars to $10,000 till $69,000.
He told that people should sell their bitcoin because bitcoin will fall to $0 over years.

So far, since 2009, I can officially say Peter Schiff and all of his callings are wrong. In future, will his callings against Bitcoin be true? I am seriously doubtful about that.

Bitcoin is not dead

• https://buybitcoinworldwide.com/bitcoin-is-dead/
• https://99bitcoins.com/bitcoin-obituaries/

and it will not be dead because of Lindy effect (Lindy's law) as mentioned in The bullish case for Bitcoin.

Gold is still a good investment and with recent actions from central banks globally, it seems gold will have a surge but I would like to choose Bitcoin as it has better ROI (use this casebitcoin.com website and look at the ROI chart.
Why central banks are betting big on gold?

[Frankolala]

I was going through twitter post today and I came across  a post. Then I wondered what about hypes from medias and the success behind  Gold or is it only out of trading it falls before gaining it balance back.

Gold isn't much stable but can be volatile and I guess traders make some profit out of its volatility. However ,BTcC is more volatile compare to Gold , but why is Btc still preferred over Gold .
In my view, I believe  most people store their assets as Gold  because Gold is less volatile compared to BTC
But what about  choice  between Gold to BTC this image should  determine



This is somehow funny though if you've invested  in Gold then compared to now

why is Btc still preferred over Gold

People prefer gold over butcoin currently is because Gold has been existing for a very long time, meaning everybody worldwide knows the value of gold and that gold is a safe heaven asset. Before bitcoin came out, gold has been seen as the most valuable asset. If bitcoin can last as long as gold, then you will see that most people will prefer bitcoin because it has high volatility and can be used to make good profit than gold when investing in a long term investment and can be bought by both the poor and the rich

Bitcoin with the little time of existence has outperformed other assets in the market and it will still continue to outperform them in future. The limited supply of bitcoin has also given bitcoin more potential. I believe that when Bitcoin ETF is been approved a lot of people will understand the strength of bitcoin in the market

[promise444c5]

Is he Peter Schiff who is a greatest Bear against Bitcoin?

He called Bitcoin is fraud,

Yes he's very popular  . But I think he said that back in the early days of Btc launch and I guess he's still witnessing  it all.

[phuonganhdo]

In my opinion.
This will only happen when the crypto market is approved in all countries.
Currently, looking at the overview, it can be said that your opinion is correct

[mk4]

Gold is simply old generation. It might have served people well in the past, but today's generation will unlikely be attracted to gold as a SoV due to digitization of everything and because of the rise of nomad entrepreneurs.

[phuonganhdo]

After the ups and downs of the market, people still choose gold as a good form of storing assets

[PrivacyG]

Gold is volatile but it has a some what predictable volatility.  It mostly moves with the world.  If things go bad it pumps.  If things go well it sticks to where it is or dumps.

Bitcoin has a different volatility.  It moves with the world now too, because way too many people got into Bitcoin to not move with the markets.  It was a different thing years ago when it had its own route.  But Gold does not have halving or such features.  Or Shitgolds.  We do have Shitcoins and they do affect the Bitcoin market in a tremendous way sometimes.

It would have been an insanely good opportunity to invest in Bitcoin back in 2011.  Even for the largest Bitcoin haters.  But back then only a handful of people believed Bitcoin would grow to even a tenth of its current size.

Gold is still a very good way of storing value.  Bitcoin is a little bit different.  And as much as I hate Bitcoin haters.  It is true that while Bitcoin proves to bring insane ROI, it is just a digital asset.  In very rough times Gold is still a better option.  You can not rely on a digital asset if you are in very bad times like World Wars.  You can rely on Gold however as the asset to still store value and it provides a way to use that value physically too.

Debatable.  This is an ever lasting subject.  At the end of the day Bitcoin and Gold are two separate assets providing different positive and negative bullets.  Gold is meant to provide safety.  Bitcoin is meant to provide freedom.

[boyptc]

Schiff is a gold man and will always be. Those negative statements and FUD he has said about Bitcoin determines his bias before.

I couldn't believe this is true until I checked it myself.


https://goldprice.org/

Form that chart, gold was around $1900 in 2011 forth quarter. Gold price as of today is $1961.

It is better to buy bitcoin instead of gold.

What a determiner chart. This shows how stagnant gold for a decade and likely to move a bit for the upcoming years. Unlike with Bitcoin, it's still young but we see how it progressed.

Yeah, Buy Bitcoin!

[kentrolla]

Hey there has been multiple threads in the past in regards to comparison between gold and Bitcoin, just in case if you have not seen those I would like to share my opinion why we cannot compare gold and Bitcoin.

Gold and Bitcoin are two different assets wherein Bitcoin was created to decentralise our financial transactions and to give us financial freedom but once people realised that it can give huge ROI they started using it as an investment medium wherein Gold on the other hand gold is more stable and used to store asset wherein we will see lesser appreciation in gold but one doesn't have to worry about volatility and Gold is physical asset. People may use bitcoin for trading or investment medium but cannot hold Bitcoin as an asset like Gold due to fear of fluctuations and volatility.

I would would Bitcoin to trade, invest and gain profit and store it in form of gold as an asset. 

[Zaguru12]

Both are great asset and very good as an investment tool. Gold looks like a save heaven because of its volatility which is less and because it is globally accepted while the bitcoin will generate you more ROI. I see both as a good  portfolio diversification, with Gold you don’t need to worry about looking for Alticoins as stablecoins when investing in bitcoin you will just diversify some funds to gold and when bitcoin experiences his bearish period and you are in need of funds you can just move there to sell.

One other thing aside ROI that attracts investors to bitcoin is the fact that you can easily purchase bitcoin seeminglessly at the comfort of your home without middleman but Gold sometimes doesn’t have buyers ready and also needs middlemen which can affects ones privacy

[Marvelman]

Gold's definitely got some appeal, you know? It's been popular for investing for a really long time, and it feels stable.  But Bitcoin's like the new crazy kid in town.  The price goes up and down all over the place, but people are loving it way more than gold now. 

Gold's the old faithful of investing.  But Bitcoin's the wild child that's got everyones attention these days, even with the constant volatility.  People are attracted to the huge growth potential, I suppose.

[Shamm]

<......>

Honestly speaking It's obvious that if we compare these two Gold and Bitcoin then I'll say that we can earn a lot of profit if we are gonna invest Bitcoin. Cause like for example like what you've showed above is when those people have 100 or more Bitcoin in year 2011 then now they are millionaires while comparing those gold holder they earn but not big as Bitcoins. Cause when the price of Bitcoin will up then there's a chance that your capital will doubles or even trippled. Unlike the price of golds.

[YOSHIE]

This is somehow funny though if you've invested  in Gold then compared to now

The price of Bitcoin is not the same as the price of gold. If we talk about investment, recently many investors are looking for a comparison of comparable assets to use as a long-term investment moment.

Even though these two assets are often used as masterminds of comparisons between Bitcoin and gold, for me these two assets are the most effective instruments in a real method of protection against the erosion of inflation that is occurring, However, the average person still thinks Bitcoin is a speculative and risky investment asset. Thus, whatever the reason, gold is still considered a hedging asset, which can be said to be quite perfect and safe, therefore whatever happens is based on faith.

[yudi09]

There are already two people showing gold charts and it can be concluded that investing in Bitcoin is better for those who expect greater returns.
Bitcoin also outperforms in terms of long-term value without trading.
While Bitcoin is superior to gold, we have no right to claim that gold is bad from another perspective because gold was proven to be the best store of value against fiat currencies before Bitcoin was created.

[Die_empty]

I was going through twitter post today and I came across  a post. Then I wondered what about hypes from medias and the success behind  Gold or is it only out of trading it falls before gaining it balance back.

Gold isn't much stable but can be volatile and I guess traders make some profit out of its volatility. However ,BTcC is more volatile compare to Gold , but why is Btc still preferred over Gold .
In my view, I believe  most people store their assets as Gold  because Gold is less volatile compared to BTC
But what about  choice  between Gold to BTC this image should  determine

Gold has established itself as a store of value which is why it will always be the first choice of investors. However, the goal of the investors matters when choosing from both assets. If your aim is just to keep your money safe from inflation to preserve the purchasing power, gold will be a fair option. But if you are focusing on making a profit from a long time investment bitcoin will be the best option.

In times of economic uncertainties like recession, investors prefer to invest in established safe-haven assets like gold. People tend to stay away from speculative assets in times of economic problems. But a sound economy will encourage people to invest in speculative and risky assets. Investment is by choice and the level of risk one is willing to take.

[Essential10]

Gold, which has been recognized as a valuable resource by people since ancient times. As an important means of financing a country's economy, gold is held as a government reserve in most countries of the world. Bitcoin and gold are two very valuable assets and a comparison between them can show different levels. Today's society is believing in modern and modern technology and it is becoming an important part of their living. Advances in technology, the addition of the Internet, social media and other digital tools have enriched and transformed their lives. In modern society they provide social communication, free access to information, and interest in new ideas and progress. Since Bitcoin is a digital currency, it is an advancing technology and more valuable so most people prefer Bitcoin over gold. These assets vary in several basic characteristics and it depends on which one can help fulfill which situation better.

[knowngunman]

Gold isn't much stable but can be volatile and I guess traders make some profit out of its volatility. However ,BTcC is more volatile compare to Gold , but why is Btc still preferred over Gold .
In my view, I believe  most people store their assets as Gold  because Gold is less volatile compared to BTC

I think Gold is just to store and maintain the value of assets freed from inflation and not what you're thinking. Moreover, the value of BTC is based on its usefulness as a medium of exchange and its scarcity. The present generation actually preferred BTC over Gold despite its higher volatility because BTC is much more liquid than gold meaning that it's easier to buy and sell. Again, BTC is much easier to store and transport than gold since it's a digital asset. Majority of us believe that BTC is a better store of value than gold because it has a fixed supply and is less influenced by politics or central banks. Gold seems to be outdated.

[Faisal2202]

I was going through twitter post today and I came across  a post. Then I wondered what about hypes from medias and the success behind  Gold or is it only out of trading it falls before gaining it balance back.

Gold isn't much stable but can be volatile and I guess traders make some profit out of its volatility. However ,BTcC is more volatile compare to Gold , but why is Btc still preferred over Gold .
In my view, I believe  most people store their assets as Gold  because Gold is less volatile compared to BTC
But what about  choice  between Gold to BTC this image should  determine

Well, the meme you have shared is a little bit wrong in the context of prices, because the rates of gold did not remain the same over the 12 years, If you calculate the price there would be a difference of $300 between the price of gold per ounce at 2011 if compared with the price of Gold in 2023.

Well, besides the price of the gold, people prefer BTC over Gold because Gold is difficult to carry, and there are restrictions by governments to carry a huge amount of gold from one place to another, you can easily carry $1 billion of BTC but you can't carry $1 billion of gold without investing in transportation and without making arrangements.

In short, Gold comes with lesser profits, and more costs, while BTC (digital gold) is quite the opposite of it.