Has BTC really become more attractive than gold?

[peter0425]

97% is more than enough to prove that this forum is favoring Bitcoin against Gold(well as we expected since this is bitcoin forum lol)

but in outside world? surely they will still choose gold against bitcoin because they believe in Physical assets than virtual(not in their hands)

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.

It is mate, depending on whom are gonna read the context because  if you will deliver this thread in gold forum surely there will never even a single vote for Bitcoin .

[1714759083]

1714759083

[1714759083]

1714759083

[1714759083]

1714759083

[ultrloa]

We cannot know what the preferences will be like in the future, but I think it is not right to compare gold and Bitcoin. There are many investment instruments when investing and each investor invests according to his or her own preference. I do not think it is right to compare any two investment instruments with each other. Will we compare and choose an investment instrument that we have chosen now with another investment instrument in the coming years? There is no need to do this because there should always be diversity in investment and the investor should make his choice according to his own opinion.

I am not comparing BTC to Gold because this has been presented by many members and financial experts. I just want to point out the trend of investing in BTC instead of Gold that is taking place with individuals, companies, and governments. This could be part of BTC's maturation as an investment and reserve asset. We have never seen this before 2020, but the participation of MicroStrategy and El Salvador has made BTC more popular and accepted.

Each investor will have the right to choose the asset that he trusts and loves, I believe that both BTC and Gold deserve to be in the portfolio of every investor

Its just we are on bitcoin that's why we can say that it became more attractive and we can understand the bias if someone say that bitcoin is much better since they are investing on this asset. Same goes with gold investors and they also say the same that gold is more better in terms of anything comparison so we should respect any idea or we think misconception on the word of people.

If we can able to choose both then much better to invest on two asset since these one are great assets to have and for sure we can earn something great from gold since so the recent rise of its price is so good an same also with bitcoin where we see a good pumps then everyone who have those assets are happy that they are gaining some good profits.

[Maus0728]

I don't think it is close to being more popular than gold, think about this, even though bitcoin's got a lot of press and online presence, the thousand year history of gold is still the biggest factor as to why bitcoin can't defeat gold in terms of popularity or attractiveness as an investment, my reasoning for this is because if you ever ask someone that has no idea about bitcoin or probably got some idea what bitcoin is but they didn't care about investing in it, they'd choose to invest or take the gold instead of bitcoin 10 times out of 10. Some might say that I'm wrong but you can probably test it out and people would choose gold over bitcoin even if you tell them that bitcoin's got more potential in growth.

I am the only one in my family who chose bitcoin, my parents, my wife, aunts and uncles they all chose gold and real estate, even though they knew very well I made a lot of money investing in it.

Yes, you are right, we should not deny that bitcoin will not be more popular than gold and still cannot surpass gold in some aspect. Gold is still considered the safest option to date and is sometimes preferred over real estate. We cannot yet confirm whether bitcoin will beat gold in popularity in the future, but for now, bitcoin is still far behind gold in popularity.

See what I'm getting at, gold's still the popular choice among the people that aren't into bitcoin even if they know about it, they care about the fact that there's some stability in value rather than the potential profit from investing in it. It's not really a bad idea though and you can't really blame them, some people just don't want to risk in something volatile, just leave them be and let yourself enjoy the profit and benefits of having a bitcoin.

[Obim34]

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.

If it becomes a matter of choosing, I see no reason to pick gold over Bitcoin, gold seems more like a store of value rather than an investment which is supposed to grow over the years and if it does  appreciate in value probably increases stundedly. Initially, the aim of every investors is to get profits from their investment, I believe their are investors who understands the value of holding Bitcoin other than gold, since our one goal is to aim towards making profits over the years of holding Bitcoin as an investment. Gold do not experience extremely volatility unlike Bitcoin do, that becomes the main reason why more people are often scared about Bitcoin and not wanting to risk their money.

To settle the difference, I would invest in Gold only if I want to hold as a store of value, instead of me keeping my funds in banks or purchasing Bitcoin and when needed I may not get it at that moment due to DIP, while prefer purchasing Bitcoin as an investment to generate more profits over the years.

[Questat]

They are both for long-term investment but what makes Gold the best option is because we are certain that the price will continue to increase, unlike Bitcoin. Maybe we can say that Bitcoin is more attractive or very popular because we are here in the crypto space but as I've tried asking people around me, they don't even know about Bitcoin. I think, it still needs several years of growth consistency to look more attractive to the people who are doubtful about the use of this project. What we have today was not enough to convince people to invest in Bitcoin because until there are FUDs and negative issues, that also give worry and fear to the community.

[rodskee]

Update 2024.03.27: The announcement raises doubts about its legitimacy because Nilam, a company with a market value of only $4 million, plans to purchase a massive $1.7 billion worth of Bitcoin.

• BREAKING: Nilam Resources Allegedly Plans to Buy 24,500 Bitcoin (BTC)
  

How  I wish that this is not for popularization , 4 million dollar value to  purchase worth of 1.7 billion 

lets see when this will take place for proving on how it will happen.

I am going to choose Bitcoin as well like majority of the votes because when we knew already what is
the capacity of bitcoin to increase its value comparing to Gold.

[Outhue]

It is a matter of choice indeed, you can have some gold and Bitcoin at the same time, feel free to go for what's best for you.

I prefer to invest in Bitcoin because it is the better Gold, no one wants to invest their money and make less money for many years of holding the assets, Bitcoin beats Gold in this category hands down, Bitcoin has the best ROI overall.

Gold is a good or probably a better store of value than Bitcoin, the movement in price is more stable than Bitcoin, but I don't want to be a part of Gold holding, it's physical and Bitcoin is not, also Gold isn't decentralized like Bitcoin.

It is indeed a matter of choice.

[Bitco55]

A ton of gold currently costs over 64-65 thousand dollars, and a bitcoin, as at the time of writing costs over 66 thousand dollars. The Bitcoin market has gone beyond the gold market ( not all that much of a difference though but still it has).

Bitcoin is called digital gold for a reason and it living up to its name. Gold may nearly ever lose its value and I hope Bitcoin won't too. I believe the many comments before mine would have given you ( OP) the answer to the questions you asked. Just wanted to say that Bitcoin may be more attractive than gold in this age.

[Vincom]

How  I wish that this is not for popularization , 4 million dollar value to  purchase worth of 1.7 billion 

lets see when this will take place for proving on how it will happen.

I am going to choose Bitcoin as well like majority of the votes because when we knew already what is
the capacity of bitcoin to increase its value comparing to Gold.

Even though this is fake news, it does not deny the trend of investing in BTC instead of gold by many individuals, companies, and governments. Even the strong increase in the price of Nilam shares also confirms the interest of traditional investors in BTC and BTC-related assets. It seems that BTC has become a reputable brand in the investment field thanks to the successes of MS and El Salvador. I hope this wave will develop strongly and achieve significant successes before we will see the crypto market enter the next crypto winter.

[CODE200]

I don't think that you're understanding how long the history of value that the gold have in human history, it's been the reason why a lot of wars have been waged, lands stripped of their life, people getting colonized, and lands being conquered by countries that have a strong desire to get more of this, compare that with bitcoin that's not even a 1% of the age of gold as a valuable asset, I don't think that it will overshadow gold in the popularity aspect, when you ask people that aren't invested in bitcoin to describe a person that's extravagantly and obscenely rich, they're probably going to include gold in their description to that person.

How  I wish that this is not for popularization , 4 million dollar value to  purchase worth of 1.7 billion 

That's not an unusual thing to happen though, most companies can loan large sums of money and that they need, most of the time, the lenders that will let this happen have a really juicy offer that they can't refuse that they allow higher than the company valuation loans and venture capitalists likes this kind of stuff, they thrive on this kind of thing.

[blckhawk]

They are both for long-term investment but what makes Gold the best option is because we are certain that the price will continue to increase, unlike Bitcoin. Maybe we can say that Bitcoin is more attractive or very popular because we are here in the crypto space but as I've tried asking people around me, they don't even know about Bitcoin. I think, it still needs several years of growth consistency to look more attractive to the people who are doubtful about the use of this project. What we have today was not enough to convince people to invest in Bitcoin because until there are FUDs and negative issues, that also give worry and fear to the community.

Even if that's true, bitcoin would still be my pick, the uncertainty might be anxiety inducing but let me tell you this though, it's definitely something that's worth more than gold and the value you'd get in 5 years with bitcoin comparing that to gold is probably big. It might just be me but I believe that if stability is the reason for you to invest in gold or any stable investment out there, you're probably making the wrong decisions that would lead you to do things that's a bit mediocre when you could've done better. I do agree though that we don't have enough for the convincing part but I think that it's not really our business to do that, it will eventually happen and when it does, those people that weren't convinced early would be regretting that they've doubted bitcoin, let's just revel in their misery of missing out for too long because they were ignorant.

[Betwrong]

~

~
Yup Bitcoin is definitely more attractive than Gold.

There are still many places in the world where gold is very much appreciated as jewellery, we have to admit that, but it's really uncertain whether it will last for long. Young people, as far as I know, don't care about gold jewellery and décor. So, I'd say will hold its current price(adjusted to inflation) for 20-30 years from now, but not more than that.

[Vincom]

Even if that's true, bitcoin would still be my pick, the uncertainty might be anxiety inducing but let me tell you this though, it's definitely something that's worth more than gold and the value you'd get in 5 years with bitcoin comparing that to gold is probably big. It might just be me but I believe that if stability is the reason for you to invest in gold or any stable investment out there, you're probably making the wrong decisions that would lead you to do things that's a bit mediocre when you could've done better. I do agree though that we don't have enough for the convincing part but I think that it's not really our business to do that, it will eventually happen and when it does, those people that weren't convinced early would be regretting that they've doubted bitcoin, let's just revel in their misery of missing out for too long because they were ignorant.

Each person has their own beliefs, and it is clear that gold has had a very good reputation for thousands of years. It is recognized, owned, accumulated, and traded by hundreds of countries around the world. I also believe that at the present time, BTC is still too young to be compared to gold in terms of value in the economy. However, what we are seeing is a shift of many traditional investors to BTC. Young people also love BTC and they are the ones who will inherit their parents' wealth in a few decades. At that time, BTC may have matured when it is more widely accepted in the investment field.

Currently, gold is still the best reserve asset because its value is stable and increases gradually over time, and BTC is a more attractive investment asset due to its very large growth margin. I believe that although many investors still choose gold, they cannot ignore the profits that BTC can bring.

[Bd officer]

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

• Are you investing in BTC or gold?

Investing in gold is risk free, but not as profitable as Bitcoin. Bitcoin is risky, but long-term holdings can be very profitable. I invested in bitcoin, gold investment is not for me. To buy gold one has to face various problems, one has to go to market or gold shop to buy gold. But I can buy Bitcoin from home. Also less money can't be invested in gold, but I can invest less money in Bitcoin. So I prefer to invest in bitcoins rather than gold.

[AnonBitCoiner]

It is a matter of choice indeed, you can have some gold and Bitcoin at the same time, feel free to go for what's best for you.

I prefer to invest in Bitcoin because it is the better Gold, no one wants to invest their money and make less money for many years of holding the assets, Bitcoin beats Gold in this category hands down, Bitcoin has the best ROI overall.

Gold is a good or probably a better store of value than Bitcoin, the movement in price is more stable than Bitcoin, but I don't want to be a part of Gold holding, it's physical and Bitcoin is not, also Gold isn't decentralized like Bitcoin.

It is indeed a matter of choice.

Yes of course it is the matter of choices so make your own mind without blindly trusts the ideas of others. We cannot say bad things about any one of them because from both bitcoin and gold people have got huge money.

People often wants to earn money but they don't want to wait longer so due to lack of such ability they always remains in a single state therefore invest in both gold and bitcoin as you will not be in loss but will be in profit.

Every person thinks differently some will choose bitcoin because of online investment and some will prefer physical investment in gold but I think both types of investors will be in profit so make sure that you know better about your investment.

[Kelvinid]

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

• Are you investing in BTC or gold?

Investing in gold is risk free, but not as profitable as Bitcoin. Bitcoin is risky, but long-term holdings can be very profitable. I invested in bitcoin, gold investment is not for me. To buy gold one has to face various problems, one has to go to market or gold shop to buy gold. But I can buy Bitcoin from home. Also less money can't be invested in gold, but I can invest less money in Bitcoin. So I prefer to invest in bitcoins rather than gold.

That is your preference but to ask mate --are you 100% sure that Bitcoin will pump in the coming years? Not for sure and so I would say that investing in gold is a good alternative while also investing in Bitcoin. Just being said, don't put all your eggs in one basket. You may not be able to afford to buy gold for now because you are focused on Bitcoin but think about it also. At least, whatever happens to Bitcoin in the future, we never lose our entire money.
I invested in both of them and have peace of mind. I encourage you to do the same, might not know if you feel comfortable doing this.

[Marvell1]

It is a matter of choice indeed, you can have some gold and Bitcoin at the same time, feel free to go for what's best for you.

I prefer to invest in Bitcoin because it is the better Gold, no one wants to invest their money and make less money for many years of holding the assets, Bitcoin beats Gold in this category hands down, Bitcoin has the best ROI overall.

Gold is a good or probably a better store of value than Bitcoin, the movement in price is more stable than Bitcoin, but I don't want to be a part of Gold holding, it's physical and Bitcoin is not, also Gold isn't decentralized like Bitcoin.

It is indeed a matter of choice.

Yes of course it is the matter of choices so make your own mind without blindly trusts the ideas of others. We cannot say bad things about any one of them because from both bitcoin and gold people have got huge money.

People often wants to earn money but they don't want to wait longer so due to lack of such ability they always remains in a single state therefore invest in both gold and bitcoin as you will not be in loss but will be in profit.

Every person thinks differently some will choose bitcoin because of online investment and some will prefer physical investment in gold but I think both types of investors will be in profit so make sure that you know better about your investment.

This is the main reason why most of us will choose bitcoin over gold, profit is the factor that makes us not want gold and will only choose bitcoin. But people did not dare to accept this truth, they began to make up reasons such as gold being cumbersome, gold being material and centralized... . Everyone thinks of getting rich quickly and gold cannot help them do that, while bitcoin can help them realize their dream of getting rich quickly. That's why they choose bitcoin, including me, but I won't deny it like them.

[kotajikikox]

There is still 2 voters that gets to Gold , I dunno why they are here and what they are doing since they trust gold more than Bitcoin but for me? Iwill keep choosing bitcoin instead of Gold because I have seen how much Bitcoin grows over the year and also experience having gold up to now and the price from how much i bought for 5 years now yet ? the value almost stay the same.

[heslylamba]

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

[boyptc]

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.