Has BTC really become more attractive than gold?

[|MINER|]

I think I have sawn topic kinda similar to this topic in the altcointalk forum. Anyway I would like to say that Bitcoin is expanding itself but if we look out in the percentage of population then we will found out that the people who knows about Bitcoin is still not very much regards of the world population. I think that the people in the world it will be likely most of the people knows gold rather than Bitcoin. And there is a large amount of people who are not connected to internet and those are also don't know about Bitcoin. So I think it will be take more few years to know all the people about Bitcoin and obviously more attractive than gold.

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[Vincom]

You're right and that's good that you've diversified both in good assets. I've seen just today that gold is pumping as well but if we're going to compare its gain to Bitcoin, we know that it's incomparable.

And with the existence that gold has, Bitcoin is still far from it. So both of them have their goodness to each other.

If you're the type of investor that can do both, you're privileged to do it.

The largest investors in the financial market still choose Gold, although they are diversifying a part of their portfolio into BTC, I believe that is the best way currently to balance both safety and profit.

I think we cannot compare the value or role of BTC with Gold. They are too different, we can only compare a few aspects, such as BTC is becoming more attractive than Gold in the eyes of investors because they are choosing BTC instead of Gold, or choosing spot BTC ETFs instead of spot Gold ETFs.

I hope that the wave of investment in BTC will continue to grow and overcome the next crypto winter, that will be the maturity of BTC to exist as the top choice for investment. At the same time, I believe that in the next decade, Gold will still be the world's leading reserve asset.

[Churchillvv]

I would like to know your views on BTC and gold:

• Are you investing in BTC or gold?
• Do you think BTC has become more attractive than gold in the investment sector?
• Have people like Peter Schiff accumulated a lot of BTC while still badmouthing BTC in the media?

1. It's very much good to know that both bitcoin and gold are nice investments and choosing one over the other is really hard because if I have the opportunity I will proudly invest in both. Let's borrow some ideas from some people who already answered this question, bitcoin is more like a digital gold and traditional gold is the physical one we can see and hold. The two are good investment but if we are to chose as coiners then it will bitcoin for sure.

2. Yes, of course bitcoin is becoming more attractive in the investment sector but this answers is biased because I haven't done any scientific research on that to go into conclusion but as from the informations gather from this forum I think bitcoin is becoming more attractive over and over again.

3. That's solely in the position of the person himself to answer that because I don't know if surely Peter Schiff have accumulated bitcoin or not but we can say yes he must have having find out that it has proven itself over the years and it's still not lost like other scam projects.

[stadus]

I invest in both Bitcoin and gold. I believe it's not wise to put all the eggs in one basket.

You're right and that's good that you've diversified both in good assets. I've seen just today that gold is pumping as well but if we're going to compare its gain to Bitcoin, we know that it's incomparable.

And with the existence that gold has, Bitcoin is still far from it. So both of them have their goodness to each other.

If you're the type of investor that can do both, you're privileged to do it.

Bitcoin and gold are actually both attractive investments. You can be highly profitable with bitcoin, as much as with gold, as long as you have good amount of earnings in your portfolio that you can hold and only sell them when your target selling price has been achieved. So diversifying in both assets creates bigger opportunities to earn, than to put all your eggs in a single basket where you are only increasing the risk to lose.

[Ben Barubal]

     Yes, bitcoin may be more attractive than gold, but that doesn't mean bitcoin is better than gold. That's not my point. Gold has long been used by business people, and many businessmen also invest in it. But there are also many people who are not capable of having gold.

     But with bitcoin, any person or ordinary person can have bitcoin for any amount they have, as long as it does not go below 10 dollars. They have a chance to have bitcoin, and the time may come when 10 dollars becomes 1000 dollars, the value that gold cannot do because of the volatility that Bitcoin has.

[Bushdark]

I invest in both Bitcoin and gold. I believe it's not wise to put all the eggs in one basket.

You're right and that's good that you've diversified both in good assets. I've seen just today that gold is pumping as well but if we're going to compare its gain to Bitcoin, we know that it's incomparable.

And with the existence that gold has, Bitcoin is still far from it. So both of them have their goodness to each other.

If you're the type of investor that can do both, you're privileged to do it.

Good can not be compared to Bitcoin even though that Bitcoin is a digital currency while gold is a physical assets which some persons belief it should benmore useful than Bitcoin. Bitcoin has made a lots of people wealthy and people could hold it while you can not hold the gold just like Bitcoin asset that is digital. Gold are owned by wealthy people but a poor man can not hold it.
If everyone has the funds to buy Bitcoin, I think Bitcoin might even have higher liquidity that what we are seeing in the market.

[Volimack]

Bitcoin is a good currency that gives a lot of profit while gold is increasing day by day and both can be good investments. Many people still don't know about bitcoin so once bitcoin becomes legalized everywhere and starts circulating around the world, it will grow in popularity and become more attractive than gold. It is possible to hold bitcoin at a very low price but not gold. Based on the volatility in the market bitcoin can become a good investment.

[Onyeeze]

As far as I am concerned it is up to the individual to consider gold and bitcoin as an asset to invest in but the high price of bitcoin is making bitcoin more attractive in the market than gold. If you want to hold gold as an asset its value has increased significantly but investors consider Bitcoin to be safer. It is not possible to change quickly to store gold. But with the increase in the value of bitcoin one can do whatever one wants.

but bitcoin has become more attractive than gold and I believe that bitcoin has it own way of value but since its existence I seems that bitcoin has taken over gold investment and nobody is investing on gold on like before, before 2009 gold investment was every where and mostly the big men the rich where investing in gold but bitcoin came to hijacked the interest of people in towards gold investment and take over, right now people are interested in bitcoin investment not as be interested in gold business or investment any longer, investment of Bitcoin what people are interested of.

[Vincom]

1. It's very much good to know that both bitcoin and gold are nice investments and choosing one over the other is really hard because if I have the opportunity I will proudly invest in both. Let's borrow some ideas from some people who already answered this question, bitcoin is more like a digital gold and traditional gold is the physical one we can see and hold. The two are good investment but if we are to chose as coiners then it will bitcoin for sure.

2. Yes, of course bitcoin is becoming more attractive in the investment sector but this answers is biased because I haven't done any scientific research on that to go into conclusion but as from the informations gather from this forum I think bitcoin is becoming more attractive over and over again.

3. That's solely in the position of the person himself to answer that because I don't know if surely Peter Schiff have accumulated bitcoin or not but we can say yes he must have having find out that it has proven itself over the years and it's still not lost like other scam projects.

The success and attractiveness of BTC does not negate or compete with Gold in the economy or in professional investment portfolios. Each investor and investment fund will have their own criteria for profit and risk, from which they will decide whether to allocate a few % to BTC as a new and extremely potential asset. Although BTC is still very small compared to Gold in terms of capitalization and acceptance, the increasing interest of investors in BTC is a good sign for us!

All investors want to make a profit, and I believe that even the famous Gold supporters would have chosen BTC if they had known 10 years ago that BTC would become the extremely successful asset that it is today. However, we all know that they also have a very high ego, so they will deny BTC until the end of their lives, even though BTC could reach 1M USD in the future.

[Zanab247]

Questions such as these will always be subjective. Should we look at it in terms of what forum users think, you would barely find anyone who would put gold ahead of Bitcoin. But, should you look at the world’s investing population and ask what is it they think between these two commodities; people would pick gold. That’s where you would find the majority and why? It’s because it’s government backed, gold have served for centuries and could be sued for decorative purposes as artifacts and jewelry.

Here right now, I’ll tell you both are doing okay for there spheres, no need bringing so much context to it. Even so, you wouldn’t find me buying gold for an investment, am in with Bitcoin.

I know forum users will prefer BTC investment than Gold investment becaus, they have be with BTC investment over some years and they have experienced mighty things from their BTC investment that will make them to stand for the favour of BTC, but if you search round the world today, you will discover that BTC is everywhere and many people and companies have the ideal of BTC investment.

 If you have invested your money on BTC and gold before, you will have that believe that BTC is the best investment to invest your money and, it has dominated to make people to be attractive with the positive results they saw on BTC investors to show more interest on BTC investment.

Nothing will make me to invest my money on gold when I have the idea of how long term BTC investment work for those that can exercise patience till the right season come to earn from BTC investment.

[GigaBit]

When it comes to investing, there is no better investment than Bitcoin. Because Bitcoin was designed by its founders in such a way that an investor may not be profitable in the short term, but it is a profitable investment in the long term. Everything is and will be changing in this world and along with it there has been a big change in the investment platform. Bitcoin has no qualms in offering maximum benefits to an investor in the new generation and advanced era. It is the most volatile currency and a guarantee of long-term fixed assets no alternative has yet emerged. Moreover, there is also a spread difference between gold and bitcoin. Gold has been in demand since ancient times, but it has never been able to deliver the same returns as Bitcoin over a relatively short period of time. since gold has a physical existence, no one can save it according to its benefits. Bitcoin is a perfect solution for all those issues. I am not a big holder of bitcoins but I am trying my best to hold bitcoins and try to accumulate bitcoins by managing DCA for long term.

[AYOBA]

Regarding investment, I would say that both of them are worthwhile, the only caveat is that it will rely on which one everyone is interested in and has knowledge and experience with. Everybody invests differently, so while it's true that choosing Bitcoin is a better option when it comes to investing because it can yield much higher returns than gold, some people may know a lot about Bitcoin investments but not so much about gold.

Furthermore for me, I would prefer to amass Bitcoin to hold it for extended periods of time than invest in gold, which I didn't have even a single concept about. Even in terms of security, Bitcoin is more assured than gold.

[Gaza13]

Bitcoin is a good currency that gives a lot of profit while gold is increasing day by day and both can be good investments. Many people still don't know about bitcoin so once bitcoin becomes legalized everywhere and starts circulating around the world, it will grow in popularity and become more attractive than gold. It is possible to hold bitcoin at a very low price but not gold. Based on the volatility in the market bitcoin can become a good investment.

For people who don't understand investment, of course they will choose gold over Bitcoin, they think that maybe gold is quite stable and safer and more tangible or physical compared to investment assets such as Bitcoin whose prices are full of fluctuations. For those who already understand investment, they will definitely prefer Bitcoin since it was first launched, since Bitcoin's inception until whenever Bitcoin will remain in limited supply, namely around 21 million.

The current popularity and remaining supply of bitcoin has made many people look at this asset and many people want to own it, including global elites around the world. They know that this asset is very rare and that this asset is different from other assets. For me, Bitcoin is the leading technology of this century that is very difficult to penetrate. Don't look at the current price of Bitcoin, collect as much as possible and look at Bitcoin past track record, Bitcoin track record is much better than gold, of course genius people will want to own this rare asset, and of course Bitcoin in the future will be much higher than now and the future of bitcoin is much brighter and superior to gold. Not only that, many well-known brands have looked at this asset for payment.

[tiCeR]

I would like to know your views on BTC and gold:

• Are you investing in BTC or gold?
• Do you think BTC has become more attractive than gold in the investment sector?
• Have people like Peter Schiff accumulated a lot of BTC while still badmouthing BTC in the media?

1. Why do you use "investing in BTC or gold" in the question? There is nothing stopping from combining investing in traditional gold and digital gold, as the "gold mining company Nilam Resources" plans.

On a forum called bitcointalk, you are unlikely to hear many confessions about investing in gold.

2. I would say bitcoin is becoming more attractive in the investment sector with each new cycle.

3. This is not excluded. No intelligent investor would publicly voice their investment strategies, because this is the same as playing poker with their cards exposed.

That's true and that is because development on the protocol will progress, second layer options will further emerge and improve and utility is increasing with BTC's volume and price.

Everyone who has been traveling to countries in the recent past where BTC ATMs are located, probably has had a positive experience using BTC. I mean it depends on the fees of those ATMs of course and some of them are just too expensive and not really feasible. But still BTC is the most liquid and mobile asset you can have at the moment (next to fiat of course). But BTC doesn't have a limit in terms of capital mobility. If you want to take a billion dollars in BTC with you, you can go wherever you want and nobody will and can stop you from carrying it with you and using it abroad. Try getting a billion dollars in gold bars out of the country, or in cash. Or try it with some pieces of art, or a watch collection. Try it with a bank transfer.

There is simply no way that any of the physical or digital assets running on legacy systems infrastructure could give you the advantages that BTC gives you. As more people realize that, adoption will further increase, then in turn increase utility, which then further drives adoption.

[Alone055]

For people who don't understand investment, of course they will choose gold over Bitcoin, they think that maybe gold is quite stable and safer and more tangible or physical compared to investment assets such as Bitcoin whose prices are full of fluctuations. For those who already understand investment, they will definitely prefer Bitcoin since it was first launched, since Bitcoin's inception until whenever Bitcoin will remain in limited supply, namely around 21 million.

Well, I don't completely agree with that. A good investor would never look at assets only based on how much money they can potentially generate for them, but they look at assets that will earn them profits and keep their investment secure as well. Considering this fact, a good investor isn't someone who would go for Bitcoin only because it has a higher possibility of giving bigger returns on investments, but they might consider other options as well such as gold which can provide stable returns but tends to stay less volatile and drops less in value over time.

I don't deny that Bitcoin is a great asset and it is probably one of the best innovations and technologies of our era, but we all know how the nature of cryptocurrencies is, they tend to be extremely volatile at times. We have seen Bitcoin dropping to $16k in this previous bear market after going to $69k in the bull run before it. Have you seen Gold taking that big of a dip ever? I don't think so.

That's why, it depends on a person's personal investment preferences and financial goals and which asset they would choose, but I wouldn't agree that investors of gold don't understand investment because they do.

[Makus]

Bitcoin investment is indeed one of the best investment opportunities in this era. Though gold is also a good asset for investment but due to the liquidity of Bitcoin which gives everyone an opportunity to have smaller division and trade it digitally using P2P, that's an advantage of Bitcoin over gold. And the volatility of Bitcoin is the major reason for the dump and pump in price, so it's also an advantage because the over movement of Bitcoin says so. Of cause when dealing with an asset digitally it tends to pose more threat as there is a possibility of hack especially when you become careless in storing your seed phrase but it also helps to stay anonymous and even make very large amount of transaction that might even cause a public awareness if it where to be gold.

[arjunmujay]

Within the crypto community, BTC has earned the nickname "Digital Gold" due to the expectation that it can rival gold in terms of market capitalization, value, economic influence, and widespread acceptance
~snip~

Actually, I myself still don't agree with Bitcoin being said to be "Digital Gold" because it is very different.
gold itself also has their digital gold by buying it virtually through their own market.
bitcoin will remain bitcoin and will never be or resemble anything else. because bitcoin is more about blockchain technology which can actually outperform other assets such as gold.
Likewise market capitalization. Even though currently BTC has been approved for ETF, this does not necessarily mean that Bitcoin is another asset and can even be controlled by a company or person because there is a difference between decentralization and centralization.

but if your question is about this:

I would like to know your views on BTC and gold:

• Are you investing in BTC or gold?
• Do you think BTC has become more attractive than gold in the investment sector?
• Have people like Peter Schiff accumulated a lot of BTC while still badmouthing BTC in the media?

It depends on each person's view. I myself believe that bitcoin is superior to gold and definitely prefer investing in bitcoin compared to gold.


Let's see now that Bitcoin's market capitalization is in 9th position globally.^[1] When compared with gold, it is still very far considering that gold has been around since 1975, while Bitcoin started in 2010, but now it can occupy that position and even beat the market capitalization of other large companies.

[1] Top Assets by Market Cap

[livingfree]

Furthermore for me, I would prefer to amass Bitcoin to hold it for extended periods of time than invest in gold, which I didn't have even a single concept about. Even in terms of security, Bitcoin is more assured than gold.

I don't also have gold but I want to have it soon. I might just allocate some of the profits that I'll be getting with Bitcoin and then will buy it but that's still tentative.

But for now, I also want to have more Bitcoin instead of gold. It's very easy to keep and no one will even know that you have already purchased one until words come out of your mouth.

And only the exchanges where you've bought it if you ever have passed on their kyc.

[Franctoshi]

I would say yes, it's becoming more attractive in this recent years if you check its performance over the couple of years and comparing its performance with Gold existential, and if you think of the market cap and what the price would be if it eventually reaches the market cap of Gold, and furthermore, if you look at the monetary problem that Bitcoin have come to solve, and its true decentralized nature and the fact that it is deflationary, no one would ever kick back at Bitcoin, So I believe this is what institutional investors have come to realize about Bitcoin and that's why we've beginning to see more interest on Bitcoin institutional side.

[Vincom]

Bitcoin investment is indeed one of the best investment opportunities in this era. Though gold is also a good asset for investment but due to the liquidity of Bitcoin which gives everyone an opportunity to have smaller division and trade it digitally using P2P, that's an advantage of Bitcoin over gold. And the volatility of Bitcoin is the major reason for the dump and pump in price, so it's also an advantage because the over movement of Bitcoin says so. Of cause when dealing with an asset digitally it tends to pose more threat as there is a possibility of hack especially when you become careless in storing your seed phrase but it also helps to stay anonymous and even make very large amount of transaction that might even cause a public awareness if it where to be gold.

If you do a little research on BTC, it is not difficult to see its advantages over Gold in the investment field. Therefore, even though Gold has a longer history, larger market cap, and wider acceptance, BTC is still a more attractive investment option for young people.

Gold has the advantage of having low price volatility and is suitable for becoming a reserve asset, while BTC has higher price volatility and continuously increases in price after each season, making it suitable for investment. It is this high volatility that has created great profits for BTC investors, I think that is an advantage, not a disadvantage of BTC.