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August 23, 2024, 04:14:27 PM
 #161

You do realize that more and more capital is coming into bitcoin and from bigger players, too?

I will agree with you that the degree of the pumps (in terms of percentages) are likely to continue to be smaller and smaller with the passage of time, yet surely $200k is not out of the question for this cycle, even though surely we are also not guaranteed to either get to $100k or even to go back to our current ATH of $73,794..

Yet at the same time, it is likely to have a certain amount of bitcoin so that you are prepared for the various upside scenarios that could play out.. that is called an upside asymmetric bet.... in which the most you can lose is 100% and yeah, you don't seem to agree with there being any decent probability of some of the various upside scenarios.
With every passing day, more and more investments are coming into BTC and due to the involvement of the major institutions/ players BTC is solidifying its place further.
I was implying that we might not see a sharp pump in the BTC because of the current price as we saw in the past cycles. I was saying that it is advisable to diversify your portfolio i.e., buying stocks, property, mobile assets etc. I am not saying that a person should sell all his Bitcoin at the pump and buy gold. With the devaluation of money and the threats of global recession, it is better to put your profit or savings in gold rather than $. So that you have something valuable for the rainy days. I agree that BTC is not a mature asset yet and will take a few years to reach that status as BTC is the future.

Of course, the emphasis is that since BTC is not even close to being a mature asset and also since BTC is right around 1,000x better than gold but ONLY 1/15th the price (market cap) of gold, then that means that bitcoin has a whole hell-of-a-lot of upside potential as compared to gold. 

Surely there are many folks who consider bitcoin and gold to serve similar purposes in regards to hedging against the irresponsible practices of various dollar/fiat based currency systems.... so in that regard, bitcoin is not ONLY a substitute to gold but a superior substitute to gold, and so there is hardly any reason to hold any gold apart from some potentially marginal use-cases and situations in which bitcoin would not cover such situation.. .. so perhaps within the whole sound money category somewhere in the ballpark of 95% bitcoin / 5% gold could be somewhat justifiable in terms of the sound money component of anyone's investment portfolio.  I barely consider even 5% the size of the bitcoin holding to be kept in gold to be warranted, but 5% would not be unreasonable.   

As far as an overall investment portfolio, I see no problem that beginners might start with just bitcoin and cash, yet surely at some point if they might be diversifying or if they already come to bitcoin with an already diversified portfolio, then maybe their initial allocation into bitcoin might be somewhere between 5% and 25%, yet if bitcoin is outgrowing the other assets with the passage of time, I believe that there is not necessarily any need to reallocate bitcoin into other assets, and so there probably would not be any problem (and it may well be preferable) to just continue to let the winner (presumptively bitcoin) ride without engaging in any considerable amounts of reallocation into assets that perform less well such as properties, stocks, bonds, commodities and cash/cash equivalents.

Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know.
I would say both. Gold is an excellent store of value and BTC has high ROI. I think you should invest in BTC, make a profit, and store the profit amount in Gold. Over the years BTC's performance has been exceptional, but I am not expecting a sharp rise in the BTC price in future as the price has already gone up and the majority of the retail investors lacked many funds to invest in BTC (pump from $2k to $10k is easy, but a pump from $60k to $200k is highly unlikely).
The accuracy of what you say may be a bit shaky but I'm sure what you say is based on assumptions. The value of Bitcoin can rise sharply and it can be chosen as an investment. It is important to more prioritize the growth of real assets. Investing in Bitcoin can give you huge profits but you need to be interested in long-term investment so that you can hold for a cycle or two. Real assets such as Gold is also a valuable asset whose value continues to increase at an ever-increasing rate and may increase in value in the future but is a stable and more guaranteed asset of its own.

Investing in Bitcoin can be the second highest investment you can make with regular deposits from disposable income every month and long-term regardless of value.

Your statement that I bolded above is retarded.  Gold is not growing relative to bitcoin, especially over the past 10-ish years.. Yeah, bitcoin has a bit of an unfair advantage because it is still a growing asset, but still there is no advantage and/or need to invest in gold if you are investing in bitcoin, and so it is even more dumb to suggest that any allocation to gold should be higher than bitcoin, if anything gold should either not exist in a modern investment portfolio that has bitcoin or it would ONLY at most be around 5% the size or the bitcoin holdings..

In the past 15 years, perhaps gold has somewhat held its own in comparison to cash, but we should already realize that cash is ongoingly losing value, and even if the debasement of various fiat currencies was not as great 5-15 years ago, in the past 4 years, (ever since early 2020), we should have had seen even a more accelerated rate of the debasement of various fiat currencies... and so yeah, gold is supposed to be a hedge against that, but bitcoin is even a better hedge since bitcoin has an unfair advantage of still being in its early stages of adoption.

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August 23, 2024, 09:20:07 PM
 #162

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
If bitcoin was able to make a lot of progress within 10 or 20 years, then how much more in the next possible years to come. Do not just do the computation, but make a final move. While bitcoin is a good and safe haven investment, bitcoin is more than that. You'll definitely become extremely rich if you know how to make advantage every opportunity that comes.

 
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August 24, 2024, 04:02:04 AM
 #163

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.
Simply put, people can see both of them differently and if people don't want to be involved in risk then gold is the right choice. But when it comes to profit then bitcoin is a much better choice to invest in. Before both become choices, people should recognize what kind of investment they want to run so that they have an idea when they want to start. Gold does look more stable but if invested in a small amount you will not get maximum profit.

The opposite is true with bitcoin, but the advantages in bitcoin can be accumulated in any amount depending on our financial capabilities. Bitcoin is also safer and more open if we really understand it because the investment we run does not require a third party.

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August 24, 2024, 09:55:12 AM
 #164

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
If bitcoin was able to make a lot of progress within 10 or 20 years, then how much more in the next possible years to come. Do not just do the computation, but make a final move. While bitcoin is a good and safe haven investment, bitcoin is more than that. You'll definitely become extremely rich if you know how to make advantage every opportunity that comes.

 So far Bitcoin tends to make such significant changes that make everyone or Investors who are more interested in continuing to be in Bitcoin, we think Bitcoin will tend to make interesting speculations especially for those who make their Investments in the long term, Bitcoin will always be positive among people who understand and are aware of Bitcoin.

Wise investors will continue to see Bitcoin by collaborating their opinions on the progress of Bitcoin, and Bitcoin is very active to be Invested, most Investors get profit from their investment we think this will always be beneficial for those who know about Bitcoin.
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August 24, 2024, 11:09:27 AM
 #165

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
If bitcoin was able to make a lot of progress within 10 or 20 years, then how much more in the next possible years to come. Do not just do the computation, but make a final move. While bitcoin is a good and safe haven investment, bitcoin is more than that. You'll definitely become extremely rich if you know how to make advantage every opportunity that comes.
Looking at past results in Bitcoin we may say that in the next 10 years or 20 years, Bitcoin will be 3x or 10x the current price. Yes, it is good to be positive but we should always have it in mind that we cannot predict what will happen in the future. 3x and 10x are realistic but the opposite can also happen where Bitcoin might experience a huge dip. I am only saying here that the market is on two sides the bull and the bear. While expecting the bull season we should also have it in mind that the bear season can come at any time.

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August 24, 2024, 02:27:00 PM
 #166

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
If bitcoin was able to make a lot of progress within 10 or 20 years, then how much more in the next possible years to come. Do not just do the computation, but make a final move. While bitcoin is a good and safe haven investment, bitcoin is more than that. You'll definitely become extremely rich if you know how to make advantage every opportunity that comes.
well, for the long term, I would also choose bitcoin, especially when my assets are quite large. After all, we can see the development of bitcoin from 10 years ago to now. The price development is truly extraordinary. Gold has also increased, but not as well as bitcoin.
However, if OP wants a safe investment, maybe gold is suitable for him. However, if he wants a slightly risky investment, then bitcoin is the choice.

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August 24, 2024, 03:19:09 PM
 #167

well, for the long term, I would also choose bitcoin, especially when my assets are quite large. After all, we can see the development of bitcoin from 10 years ago to now. The price development is truly extraordinary. Gold has also increased, but not as well as bitcoin.
However, if OP wants a safe investment, maybe gold is suitable for him. However, if he wants a slightly risky investment, then bitcoin is the choice.
Each person can certainly determine their choice when they want to invest in both assets because in general they have provided a fairly clear picture through life and also through history in the past. And people who prefer large profits, of course the more appropriate choice is Bitcoin because the price increase is always much more significant in Bitcoin, while gold only increases slowly and not in larger amounts every year. So each of us can certainly see for ourselves and choose for ourselves what we like based on taste.
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August 24, 2024, 04:22:55 PM
 #168

Looking at past results in Bitcoin we may say that in the next 10 years or 20 years, Bitcoin will be 3x or 10x the current price. Yes, it is good to be positive but we should always have it in mind that we cannot predict what will happen in the future. 3x and 10x are realistic but the opposite can also happen where Bitcoin might experience a huge dip. I am only saying here that the market is on two sides the bull and the bear. While expecting the bull season we should also have it in mind that the bear season can come at any time.

 Considering that Bitcoin is something that fluctuates and of course there is no accurate prediction in predicting Bitcoin in the next few years, but having a positive nature towards Bitcoin's progress in the next period is not a problem, because everyone also wants a relatively better bullrun change in the increase is the dream of every investor in order to maximize profits from the assets that have been stored.

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August 25, 2024, 06:14:32 PM
 #169

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
If bitcoin was able to make a lot of progress within 10 or 20 years, then how much more in the next possible years to come. Do not just do the computation, but make a final move. While bitcoin is a good and safe haven investment, bitcoin is more than that. You'll definitely become extremely rich if you know how to make advantage every opportunity that comes.
well, for the long term, I would also choose bitcoin, especially when my assets are quite large. After all, we can see the development of bitcoin from 10 years ago to now. The price development is truly extraordinary. Gold has also increased, but not as well as bitcoin.
However, if OP wants a safe investment, maybe gold is suitable for him. However, if he wants a slightly risky investment, then bitcoin is the choice.
also i would love to choose bitcoin but if i have large amount of fund, i didn’t invest full amount in bitcoin, i will invest some gold because it’s 100% safe assets, and then i will invest in bitcoin it could be long term or short term, if in online security is a big issues, it’s not easy to protect online currencies, so without good security knowledge you can loss your money.

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August 25, 2024, 06:59:10 PM
 #170

I think if you want to really invest your money, Bitcoin is better than gold, because I believe that it will give better profit in long term.
Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin.

Choose which one do you want the most.
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August 25, 2024, 08:32:43 PM
 #171

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
If bitcoin was able to make a lot of progress within 10 or 20 years, then how much more in the next possible years to come. Do not just do the computation, but make a final move. While bitcoin is a good and safe haven investment, bitcoin is more than that. You'll definitely become extremely rich if you know how to make advantage every opportunity that comes.
well, for the long term, I would also choose bitcoin, especially when my assets are quite large. After all, we can see the development of bitcoin from 10 years ago to now. The price development is truly extraordinary. Gold has also increased, but not as well as bitcoin.
However, if OP wants a safe investment, maybe gold is suitable for him. However, if he wants a slightly risky investment, then bitcoin is the choice.
also i would love to choose bitcoin but if i have large amount of fund, i didn’t invest full amount in bitcoin, i will invest some gold because it’s 100% safe assets,

Just because you have a lot of money, it does not become safer to invest into gold.  That is dumb.

Of  course, if a person is new to investing, he might need to choose only one asset to invest into inorder to not dilute his money.. so for example a person could start out by only investing into bitcoin and cash. and the cash is largely just to make sure he has enough for expenses  (assuming that his cashflow is also in cash), and then if he gets up to a  certain higher level of savings/investment such as more than 1 year of his expenses ONLY in bitcoin, then maybe he might choose (upon his discretion) to diversify into other assets, and gold does not need to be one of the assets in which he diversifies, so he could diversify into properties, equities (stocks), bonds, and commodities, as well as whatever level of cash/cash equivalents that he chooses to hold.

Gold does not need to be part of the package unless maybe there might be some desire to prepare for Armageddon, then maybe perhaps up to 5% of the bitcoin size might be optionally invested in gold in order to prepare for Armageddon-like scenarios.

and then i will invest in bitcoin it could be long term or short term,

Bitcoin should be long term and not short term.  Bitcoin is amongst the best if not the best of assets currently available, so it would be stupid to be trading it.

if in online security is a big issues, it’s not easy to protect online currencies, so without good security knowledge you can loss your money.

Of course, with bitcoin everyone should be attempting to learn how to secure their bitcoin rather than holding it with a third-party, yet if he is just learning and getting started, then he might hold with a third party while he is learning, but if he has a lot of value, then he should be trying to learn quickly in regards to how to secure his coins, whether it is with a hardware wallet like Trezor or some similar kind of other hardware wallet, such as cold card, passport or jade or there might be some others that are acceptable and open source.  https://thebitcoinhole.com/

I think if you want to really invest your money, Bitcoin is better than gold, because I believe that it will give better profit in long term.
Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin.

Choose which one do you want the most.

Gold is not even close to better than bitcoin in regards to trying to be "safe", unless you already have gold exchanges around you and in your community.  If you are trying to learn about gold, you are probably going to be worse off in terms of trying to find where to buy and sell it.  And, also if you go in to gold, you are going to just continue to lose value, especially compared to bitcoin... maybe you might be able to hold value relative to the dollar, but that is even questionable since bitcoin is going to continue to eat gold's lunch in terms of value continuing to gravitate into bitcoin from gold, just as it has been doing for the past 15 years in really exponential ways.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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August 25, 2024, 09:36:59 PM
 #172

There are quite a number of reason why I would pick Bitcoin
One is it's not easy to convert Gold to cash in my country and even if you can it would be way lower than the market price.
It's been existing for a very long time so has gotten quite far in its growth and acceptability
While Bitcoin is relatively young and still growing
I'd prefer a started Rocket than a car already in transit.
Mind you not disputing the advantage of holding Gold,  but Bitcoin is almost always better at everything Gold can do especially in the long run.

I think if you want to really invest your money, Bitcoin is better than gold, because I believe that it will give better profit in long term.
Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin.

Choose which one do you want the most.
Volatility doesn't equal safety.
Luna wasn't volatile, it was even a Stable coin but we all know what happened.
The safety Gold provide is the trust people has for it against inflation and this ain't fully constant.
There has always been situations where Gold has fallen  due to various reason.
If it was so safe and trusted investors wouldn't even consider many investment an option.

Gold rises because inflation increases the price of everything except Fiat.
In a nutshell Fiat falls in relation to other assets due to inflation.

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rhodelmabanal
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August 26, 2024, 02:39:57 AM
 #173

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
For me bitcoin is good than gold base on the development, gold price is also rising but not as much as the bitcoin price development from the 2009 until 2024 the bitcoin wins compare to gold, if you wanted a big profit bitcoin is really good for you but you need to hold it with patience because it needs time.

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August 26, 2024, 10:28:03 AM
 #174

There are quite a number of reason why I would pick Bitcoin
One is it's not easy to convert Gold to cash in my country and even if you can it would be way lower than the market price.
It's been existing for a very long time so has gotten quite far in its growth and acceptability
While Bitcoin is relatively young and still growing
I'd prefer a started Rocket than a car already in transit.
Mind you not disputing the advantage of holding Gold,  but Bitcoin is almost always better at everything Gold can do especially in the long run.

I think if you want to really invest your money, Bitcoin is better than gold, because I believe that it will give better profit in long term.
Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin.

Choose which one do you want the most.
Volatility doesn't equal safety.
Luna wasn't volatile, it was even a Stable coin but we all know what happened.
The safety Gold provide is the trust people has for it against inflation and this ain't fully constant.
There has always been situations where Gold has fallen  due to various reason.
If it was so safe and trusted investors wouldn't even consider many investment an option.

Gold rises because inflation increases the price of everything except Fiat.
In a nutshell Fiat falls in relation to other assets due to inflation.

Sorry to ask for this. Isn't there no coin that can be compared to bitcoin?

Therefore projects like Luna have different cases and fundamentals than Bitcoin, and usually mot people only compare Bitcoin to gold because of the digital gold narrative that is always attached to Bitcoin. I think that's the reason why OP created this topic.
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August 26, 2024, 02:08:49 PM
 #175

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
If bitcoin was able to make a lot of progress within 10 or 20 years, then how much more in the next possible years to come. Do not just do the computation, but make a final move. While bitcoin is a good and safe haven investment, bitcoin is more than that. You'll definitely become extremely rich if you know how to make advantage every opportunity that comes.

I guess you wanted to say that "gold" is a good & safe investment, but Bitcoin is more than that. A little mistake... I agree with you completely here, bitcoin is a lot more than just investment, and I still believe that bitcoin can be a game changer that this world needs.

If someone is hesitating between bitcoin and gold then they should invest in both... as you wrote, gold is a safer option and there is no mistake with gold. The price of gold will never stop rising, slowly but surely the money invested in gold will retain and probably gain in value. But Bitcoin has much more potential for growth, and I think it is certain that Bitcoin will continue to break records in the future.

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August 27, 2024, 10:52:50 PM
 #176

As much as gold is in demand in the global market, the demand for Bitcoin is several times higher than gold.  Because between gold and bitcoin you will only make the price difference, gold has been going through the same situation in the market for a long time and the price is the lowest.  But Bitcoin is completely different it has been in the market for a short period of time although it has spread all over the world and has the highest number of investments worldwide.  Bitcoin has grown tremendously in just a few days, and investing here will keep your money safe.  Since the market has been faithfully maintained for a long time, if you are holding gold, there is a high chance of it getting lost or falling into the hands of robbers, robbers, etc.  But investing in bitcoins is the most secure as no one will know you have bitcoins.

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August 28, 2024, 05:46:49 AM
 #177

As much as gold is in demand in the global market, the demand for Bitcoin is several times higher than gold.  Because between gold and bitcoin you will only make the price difference, gold has been going through the same situation in the market for a long time and the price is the lowest.  But Bitcoin is completely different it has been in the market for a short period of time although it has spread all over the world and has the highest number of investments worldwide.  Bitcoin has grown tremendously in just a few days, and investing here will keep your money safe.  Since the market has been faithfully maintained for a long time, if you are holding gold, there is a high chance of it getting lost or falling into the hands of robbers, robbers, etc.  But investing in bitcoins is the most secure as no one will know you have bitcoins.
i also agree with you, Bitcoin is a thousand times better than gold, because currently the demand for bitcoin is much higher than gold in terms of investment. Gold is a safe medium of risk-free money storage. But Bitcoin is the best choice for long term investment. The demand for Bitcoin is constantly increasing and the number of investors is also increasing. It will provide huge returns due to long time holding. In this case gold can never give you that much return. Again physically bitcoins are safer than gold, because no one can ever take your bitcoins except you, and no one will know you have bitcoins unless you say you own them. But in this case gold is a tangible asset, anyone can take your gold from you by force. So you should definitely invest in Bitcoin, Bitcoin will give you more benefits than gold in many ways and more returns than gold.

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August 28, 2024, 10:13:48 AM
 #178

also i would love to choose bitcoin but if i have large amount of fund, i didn’t invest full amount in bitcoin, i will invest some gold because it’s 100% safe assets, and then i will invest in bitcoin it could be long term or short term, if in online security is a big issues, it’s not easy to protect online currencies, so without good security knowledge you can loss your money.

I see the issue of security as a minor and should not be seen as a reason for not investing in bitcoin or other online currencies since there's no maximum security guarantee nowhere. It is good to always diversify your investment but when comparing between these two (bitcoin and gold), the former seems to be advantageous over the latter. Bitcoin is open to all irrespective of where you are so long as you have access to network and wallet but gold is easily accessible for everyone to invest. Mind you, no asset is 100% safe for investment, there's risk no matter how small it is. Remember, the higher the risk, the bigger the profit but you need to play smart.











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August 28, 2024, 01:14:02 PM
 #179

also i would love to choose bitcoin but if i have large amount of fund, i didn’t invest full amount in bitcoin, i will invest some gold because it’s 100% safe assets, and then i will invest in bitcoin it could be long term or short term, if in online security is a big issues, it’s not easy to protect online currencies, so without good security knowledge you can loss your money.
I see the issue of security as a minor and should not be seen as a reason for not investing in bitcoin or other online currencies since there's no maximum security guarantee nowhere. It is good to always diversify your investment but when comparing between these two (bitcoin and gold), the former seems to be advantageous over the latter. Bitcoin is open to all irrespective of where you are so long as you have access to network and wallet but gold is easily accessible for everyone to invest. Mind you, no asset is 100% safe for investment, there's risk no matter how small it is. Remember, the higher the risk, the bigger the profit but you need to play smart.

Your statement about always diversifying is not correct.  Diversification can serve as a way to preserve your wealth, yet anyone in their earliest stages of investing will likely start from one investment at a time, and so if someone is new to investing, it makes no sense for them to get into a bunch of things at once.  Accordingly, there is no reason not to just start out with both bitcoin and cash, and figure out the proportions.  The cash serves as back up funds of various sorts and perhaps as a means to offset some of bitcoin's inevitable volatility.  We know getting into bitcoin it is inevitably going to be volatile and we are not 100% assured that the BTC price is going to go up, yet if we spend time accumulating it then once the bitcoin holdings get to a certain size, then we might consider diversifying, whether that is after it gets to 1-2 years of expenses or some other size, we can determine when we would like to spread out our investment beyond just bitcoin and cash.. including a consideration that it could take 5-10 years or longer just to build up an investment to be the size of something like 1-2 years of expenses, partly depending on how much is regularly invested (such as using DCA) and also if the investment might appreciate in value during the time of investing.. and no guarantees on that either... but there is no need to buy gold for the mere sake of it or for the mere sake of diversifying.. except if you cannot resist investing in gold, at least keep it to a somewhat small portion of the size of your bitcoin holdings..perhaps 5% or less... but yeah, people can decide what they like, but there is no requirement or even supposed smartness in diversifying, especially for folks in their first several years of investing.. and the point at which diversification becomes more important as a consideration comes moreso from the growth of the investments that will also help to inform whether and/or how much to diversify into other asset categories, which would traditionally be thought of as equities (stocks), bonds, properties, commodities, cash/cash equivalents.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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August 28, 2024, 03:17:56 PM
 #180

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
If bitcoin was able to make a lot of progress within 10 or 20 years, then how much more in the next possible years to come. Do not just do the computation, but make a final move. While bitcoin is a good and safe haven investment, bitcoin is more than that. You'll definitely become extremely rich if you know how to make advantage every opportunity that comes.
well, for the long term, I would also choose bitcoin, especially when my assets are quite large. After all, we can see the development of bitcoin from 10 years ago to now. The price development is truly extraordinary. Gold has also increased, but not as well as bitcoin.
However, if OP wants a safe investment, maybe gold is suitable for him. However, if he wants a slightly risky investment, then bitcoin is the choice.
also i would love to choose bitcoin but if i have large amount of fund, i didn’t invest full amount in bitcoin, i will invest some gold because it’s 100% safe assets,

Just because you have a lot of money, it does not become safer to invest into gold.  That is dumb.

Of  course, if a person is new to investing, he might need to choose only one asset to invest into inorder to not dilute his money.. so for example a person could start out by only investing into bitcoin and cash. and the cash is largely just to make sure he has enough for expenses  (assuming that his cashflow is also in cash), and then if he gets up to a  certain higher level of savings/investment such as more than 1 year of his expenses ONLY in bitcoin, then maybe he might choose (upon his discretion) to diversify into other assets, and gold does not need to be one of the assets in which he diversifies, so he could diversify into properties, equities (stocks), bonds, and commodities, as well as whatever level of cash/cash equivalents that he chooses to hold.

Gold does not need to be part of the package unless maybe there might be some desire to prepare for Armageddon, then maybe perhaps up to 5% of the bitcoin size might be optionally invested in gold in order to prepare for Armageddon-like scenarios.

and then i will invest in bitcoin it could be long term or short term,

Bitcoin should be long term and not short term.  Bitcoin is amongst the best if not the best of assets currently available, so it would be stupid to be trading it.

if in online security is a big issues, it’s not easy to protect online currencies, so without good security knowledge you can loss your money.

Of course, with bitcoin everyone should be attempting to learn how to secure their bitcoin rather than holding it with a third-party, yet if he is just learning and getting started, then he might hold with a third party while he is learning, but if he has a lot of value, then he should be trying to learn quickly in regards to how to secure his coins, whether it is with a hardware wallet like Trezor or some similar kind of other hardware wallet, such as cold card, passport or jade or there might be some others that are acceptable and open source.  https://thebitcoinhole.com/

I think if you want to really invest your money, Bitcoin is better than gold, because I believe that it will give better profit in long term.
Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin.

Choose which one do you want the most.

Gold is not even close to better than bitcoin in regards to trying to be "safe", unless you already have gold exchanges around you and in your community.  If you are trying to learn about gold, you are probably going to be worse off in terms of trying to find where to buy and sell it.  And, also if you go in to gold, you are going to just continue to lose value, especially compared to bitcoin... maybe you might be able to hold value relative to the dollar, but that is even questionable since bitcoin is going to continue to eat gold's lunch in terms of value continuing to gravitate into bitcoin from gold, just as it has been doing for the past 15 years in really exponential ways.
Yes, what I meant was gold is relatively safer than Bitcoin in term of its value because the price is much more stable.

If you said so, does that mean that Bitcoin is better than gold in every aspect?
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