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Author Topic: Bitcoin or Gold  (Read 1077 times)
C10H15N
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July 07, 2024, 12:32:14 PM
 #121

...you don’t carry all your bitcoins with you...

I don't?  😜


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August 04, 2024, 08:47:22 AM
Last edit: August 04, 2024, 01:53:47 PM by Yatsan
 #122

Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... Grin

Both Bitcoin and gold are fungible means each unit is interchangeable with another of equal value. Bitcoin as a digital asset is a lot faster than gold as transactions are quick to process and even transferred globally. However, gold often needs to be melted or cut just to verify that there's no element added, tungsten I believe, that requires physical labor and secure storage while Bitcoin as part of blockchain technology it is easy to verify if the fund is there or not. Historically, gold has always been a safe-haven asset and always appreciated during uncertain time, during the Covid pandemic, gold did skyrocket but price dropped as our economies slowly recovered, while bitcoin's value wasn't falling alongside stock values during the pandemic until the new normal.

Gold is favorable in terms of stability and low correlation with traditional financial assets, make it a candidate for risk management and diversification. Bitcoin, with high growth potential and being unpredictable, appeals to investors with high risk tolerance. On the other hand, it's very unlikely that all investors will choose between Bitcoin and Gold instead combining both assets offers a balance approach in investing, Gold's stability and Bitcoins for high returns, making it a clutch however crisis and situation we get.

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August 04, 2024, 12:07:09 PM
 #123

Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... Grin
Whether you invest in either gold or bitcoin, your holdings will dictate your profits. If you plan to invest Bitcoin in the right market in the right conditions and hold it for a long time then I can definitely say that you will be more profitable than gold. On the other hand, if you do not have the courage to plan for long-term holding, then you can invest in gold without taking risk, in this case you will be completely risk free and give 100% guarantee of getting a steady profit in the future.

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August 04, 2024, 12:13:05 PM
 #124

Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... Grin
Whether you invest in either gold or bitcoin, your holdings will dictate your profits. If you plan to invest Bitcoin in the right market in the right conditions and hold it for a long time then I can definitely say that you will be more profitable than gold. On the other hand, if you do not have the courage to plan for long-term holding, then you can invest in gold without taking risk, in this case you will be completely risk free and give 100% guarantee of getting a steady profit in the future.
If we look at the overall percentage of risk and potential profit are quite balanced in these two investment options.
Gold has quite good stability and even its price increases slightly over a long period of time while Bitcoin has quite fast and significant movements.
So between these two options I think we should choose the type of investment according to our wishes, if we want profit in the future of course Bitcoin is the choice but if you just want to save it without taking risks then it is better to choose to invest in gold.

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August 04, 2024, 01:24:16 PM
 #125

If we look at the overall percentage of risk and potential profit are quite balanced in these two investment options.
Gold has quite good stability and even its price increases slightly over a long period of time while Bitcoin has quite fast and significant movements.
So between these two options I think we should choose the type of investment according to our wishes, if we want profit in the future of course Bitcoin is the choice but if you just want to save it without taking risks then it is better to choose to invest in gold.
Currently, rich people who have more money and have large incomes have chosen both as their future investments by no longer keeping money in their safes except for spare money for living and expenses when they are sick. Because as you said, almost everyone wants to have greater profits through their investments and also wants to save assets that do not experience inflation such as gold, so it would be quite appropriate if rich people choose both as their current and future investment assets.

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August 04, 2024, 01:24:34 PM
 #126

Whether you invest in either gold or bitcoin, your holdings will dictate your profits. If you plan to invest Bitcoin in the right market in the right conditions and hold it for a long time then I can definitely say that you will be more profitable than gold. On the other hand, if you do not have the courage to plan for long-term holding, then you can invest in gold without taking risk, in this case you will be completely risk free and give 100% guarantee of getting a steady profit in the future.
Both of them are good for either the long or short term and you're right that someone's plan will determine how profitable they will be. There are a lot of these comparisons in charts about someone's asset in Bitcoin and gold and which is more profitable. Of course, those OGs of gold investing have been profitable all of their lives since it's been the medium of exchange since ancient times. But come near and look at how Bitcoin has revolutionized it and how it has shown to the world that volatility shouldn't be scary to take along with risks that it has.

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August 04, 2024, 04:25:13 PM
 #127

I choose Bitcoin, Bitcoin growth is more than Gold and right now is more valuable, Gold can remain at same price without increase for years but Bitcoin has the capacity to increase in price always.
Bitcoin is more easy to carry about but Gold is not, people can easily notice.
Bitcoin is the best and one of the best investment in the world right now.
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August 04, 2024, 04:38:34 PM
 #128

Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... Grin
Whether you invest in either gold or bitcoin, your holdings will dictate your profits. If you plan to invest Bitcoin in the right market in the right conditions and hold it for a long time then I can definitely say that you will be more profitable than gold. On the other hand, if you do not have the courage to plan for long-term holding, then you can invest in gold without taking risk, in this case you will be completely risk free and give 100% guarantee of getting a steady profit in the future.
I am with you halfway, and as things unfold between Bitcoin and Gold, I think it's no longer appropriate to be using some certainty remarks because no one knows what will happen. In the next 10 years, what if Bitcoin is still at $65,000, what would you do? I think it's time we accept the reality of the crypto market. Now that Bitcoin is in the mainstream of the financial market where institutions have a sizable holding, it will behave more like a sane market unlike the old times when it could be moving more than 20 times in just 2 years, those movements are crazy, they are no more feasible.

But you are right about it being a better investment than Gold (HODLing), the compression of Gold will always be an issue for it, and it will not be as worth it to own. They do that to avoid the inflation that could be caused by it. Nevertheless, one can still profit well from its trading, you may set the parameters well to the point that it will reduce your risk and will still increase your gains. But be warned, if you are doing this, ensure you opt for the brokers with swap-free accounts, or else, the rollover charges will frustrate you.





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..PLAY NOW..
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