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Author Topic: Bitcoin or Gold  (Read 1000 times)
Baki202
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July 02, 2024, 05:44:50 PM
 #101

Investing in both Bitcoin and Gold can be advised as both are equally valuable. If someone wants to invest on a large scale then he will invest more of his investment in bitcoin and less in gold. But by no means should all parts of his employment be investments in either but both. As both gold and bitcoin continue to grow in demand and popularity over time, these two investments will become more popular in the future.

Bitcoin will always be bitcoin and gold  will always be gold and they both have their relevance it just depends on interest, their are people that they don’t really have interest in bitcoin but they have gold so since we have our individual difference's. And if the person wants gold bar even if he as the money. Having too much gold bar is dangerous and will draw attention to you because transporting it alone is a lot of work and what if he gets rob when conveying the gold but since their is digital gold their won’t be need to buy bar anymore and you will just buy your digital gold with drawing any attention to your self, or even go for bitcoins, and that way you can even keep your investment a secret. Those that have good foundation in both of this investment are good and are doing greatly except they don’t want to show.

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July 02, 2024, 05:50:52 PM
 #102

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
My advice for you is to avoid dwelling in the past but in the present and be hopeful of the future. Bitcoin has done the unexpected in the past and that has gone, it will never happen in that magnitude again, the rest will be some kind of a few multiple returns on your investment. Nothing like the past will repeat itself like many would say here.

Notwithstanding, if you are smart enough, you can be waiting for Bitcoin to fall very well during the bearish season and buy it. This approach alone can enrich you if you have a sizable amount of money invested in it. You can imagine those who bought Bitcoin in late 2022, despite not moving more than 20 times like before will still make at least 4 times their capital since they struck it low. That's the gist.

As for the one to choose between Bitcoin and Gold, if it is for trading, I choose Gold, but if it is an investment, I choose Bitcoin. And since investment is less risky, it is a good call for you to choose Gold. Just follow my earlier advice and you will be fine, however, you need a lot of patience.

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July 02, 2024, 06:15:44 PM
 #103

The market capitalization for bitcoin is also getting bigger or increasing and it is possible that this will make bitcoin an investment that resembles gold.
It's been called near to gold but they're still different from each other.

That's true and I just want to reiterate even though the two are different and everyone knows that.

That's because of Bitcoin's volatility, if it's not with bitcoin's volatility then there's not that much risk to take that shall make it more profitable than gold.

Those early investors of gold can also be in the same situation as us when we've bought bitcoin years ago.
And it is also because of this volatility that makes bitcoin a valuable asset now because if the concept was the same as other coins then bitcoin would not have reached what it is now. Meanwhile, risk cannot be separated from a person's ability to carry out investments and if they hold for the long term the risk is not a big problem.

That's why the approach is almost the same even though they are different and of course all forms involving money have different risk levels.
Our job is to minimize it so that it doesn't become something detrimental.

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July 02, 2024, 06:51:55 PM
 #104

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

It depends what you want and what your goals are. You can’t go wrong with either but each one will help you meet specific goals. If you want more security having full possession of your money then perhaps gold is best for you, but if you want something with tremendous upside that can’t easily be seized from you and is easier to hide/transport then I would recommend Bitcoin  Cool

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July 03, 2024, 04:13:39 PM
 #105

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

It depends what you want and what your goals are. You can’t go wrong with either but each one will help you meet specific goals. If you want more security having full possession of your money then perhaps gold is best for you, but if you want something with tremendous upside that can’t easily be seized from you and is easier to hide/transport then I would recommend Bitcoin  Cool
Both have their own disadvantages and both also have their own advantages and it depends on where you will take the risk, because both also have their own risks.

I think the advice for OP depends on where he is ready to take the risks and benefits that will be taken, if he is quite ready with the risk of holding gold, why not buy gold to store his wealth and if OP has the readiness to hold bitcoin with its risks, it is better to choose bitcoin than to hold gold, this depends on his personal readiness to manage the risk profile, where he will save his money.

Because if not with self-sufficiency, it will be very difficult in the future, especially the purpose of investment, which basically requires quite a lot of time to get a decent profit, both in gold and in bitcoin.

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July 03, 2024, 05:31:00 PM
 #106

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

It depends what you want and what your goals are. You can’t go wrong with either but each one will help you meet specific goals. If you want more security having full possession of your money then perhaps gold is best for you, but if you want something with tremendous upside that can’t easily be seized from you and is easier to hide/transport then I would recommend Bitcoin  Cool
Yes Actually both are good for investing, depending on how you want to invest. If we look at history, we definitely prefer gold because gold has been around for decades, but if we look at the profits, we definitely choose bitcoin, even though bitcoin has only been around for a decade, but bitcoin has now become a hedging asset.

Bitcoin is also easier to use than gold which is very difficult to carry everywhere. In essence, both have their own characteristics and advantages, it all depends on what type of investment the individual wants to make. But what is clear is that bitcoin is growing very rapidly, having gold and bitcoin investments will make you achieve financial freedom in the future. Because what is certain is that if we look back in history we have been deceived by paper currency.

R


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July 03, 2024, 05:41:02 PM
 #107


I think the advice for OP depends on where he is ready to take the risks and benefits that will be taken, if he is quite ready with the risk of holding gold, why not buy gold to store his wealth and if OP has the readiness to hold bitcoin with its risks, it is better to choose bitcoin than to hold gold, this depends on his personal readiness to manage the risk profile, where he will save his money.

This is a pretty important thing to think about from the start because after all, as you said, where bitcoin and gold have advantages and disadvantages, this is indeed a fairness because after all, when there is an innovation that is really good, it does not mean that it is without shortcomings, it's just that it is covered by the advantages it has.
In this case the choice is true where are we ready with all the risks or not because after all with the advantages and disadvantages that are owned, there will certainly be a risk that must be borne when in it.

If indeed in the end we are ready with a very big risk then bitcoin can be an option but if we are not willing to take the risks we have then choose other options such as gold because being in bitcoin but not ready for the risk is the same as you who do it halfway which in the end it will not make yourself get maximum results because panic is far greater than your confidence in bitcoin.

R


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July 03, 2024, 05:58:13 PM
 #108

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 BTC had appeared 20 years ago, its price might have increased several times.  This incredible Bitcoin comes from the invention of Satoshi in 2009.  Its highest ATH reaches $73,737.94.  which at one time fell to $67.81. The incredible price increase in Bitcoin from the lowest to the highest would not have been bought with gold.  Except virtually what is in the hands of the investor in this currency.  He doesn't have to go to anyone else for that.  But investing in gold requires security.  which is concentrated.  At work I consider bitcoin investing more valuable than gold.

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July 03, 2024, 06:08:48 PM
 #109

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 you are afraid, why not divide the money and do it half-half. Diversification of investment is the best thing, Gold might be less attractive with profits but Bitcoin isn't perfect too especially when you buy it at the top, you will need to wait for years probably in another cycle before you can exit or break even on your investment and if the market is bullish, you can then make more profits by power virtual of holding but you never can tell what Gold might turn later.

Another thing you should know is that Bitcoin really need to make $120k before you will make 2x of your investment. Bitcoin might also be slow like Gold who knows unless you have a huge investment to make. I mean you will only make $100 on your $100 dollar investment by the time Bitcoin achieve $120k, $1k for $1k investment, $10k for $10k investment, hope you understand my points.

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July 03, 2024, 07:10:56 PM
 #110

Bitcoin is good investmente for the future. Gold also best investment but not easy to use. Bitcoin will be easy to process in any time. So bitcoin is best investment for the future saving and future growth. That the reson bitcoin is best one.
Although both are valuable assets, there are significant differences between them. Gold has been regarded as a precious resource by humans since ancient times but with the change of eras there has been a great change in the needs and preferences of humans. Nowadays people give more priority to bitcoin than gold. Because they can't give maximum security even if they want in case of gold. Due to physical existence of gold, it is not portable. On one cannot hide it. But Bitcoin is an asset that is not a problem when kept in a wallet. If there is good security then there is good advantage using Bitcoin.

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July 03, 2024, 07:28:08 PM
 #111

Bitcoin is good investmente for the future. Gold also best investment but not easy to use. Bitcoin will be easy to process in any time. So bitcoin is best investment for the future saving and future growth. That the reson bitcoin is best one.

There's something called digital gold and some other gold's digital forks (just a random terminology), so here we go with our topic that in today's digital era even if you want to hold gold digitally its possible but keep in mind that's not real gold it's just a figure. Bitcoin is the best because we are way too early in Bitcoin compared to the gold, the Bitcoin is about to unleash its new potential in the near future, and your investment with significant risk has much more potential.

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July 03, 2024, 09:25:09 PM
 #112

...should I invest in Gold or Bitcoin...

I'm personally very happy with my investment in both.

Your situation is, of course, unique to you.  
Well, if you are investing in both, the more massive its profits will be. However, its undeniable that bitcoin is highly more profitable than gold most especially if you start investing with a potential amount. Just by hodling it a year or two, you will already experience exceptional gains. Bitcoin is also profitable, but it can never beat the potentials of bitcoin. So it's better if you invest in bitcoin first and when you're already gaining good returns, you can add some gold into your portfolio.

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July 03, 2024, 10:52:11 PM
 #113

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
It seems you are very rich to invest in Gold so I will advice you to invest in Both. One is a physical asset and the other is a digital asset and both of them have great potential in the long run. Thye shouldn't be neglected as long as the money is available to invest in them. If you just have the money to invest in one of them makes you want to know which one you will be investing in because I won't advice you to take opinions from others. It is your investment and you alone will be responsible if anything goes wrong. The consequences will be yours to bear. Check your financial strength and know the one you are willing to keep for long.
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July 04, 2024, 10:27:39 AM
 #114

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
It seems you are very rich to invest in Gold so I will advice you to invest in Both. One is a physical asset and the other is a digital asset and both of them have great potential in the long run. Thye shouldn't be neglected as long as the money is available to invest in them. If you just have the money to invest in one of them makes you want to know which one you will be investing in because I won't advice you to take opinions from others. It is your investment and you alone will be responsible if anything goes wrong. The consequences will be yours to bear. Check your financial strength and know the one you are willing to keep for long.

Bitcoin is the best investment if you have to invest at this time because Bitcoin is going dip now. But I think that for some time bitcoin is best, people get little benefit by investing in gold. But Bitcoin is the best to get more profit, but if you invest now in this dip market then you can get one to two times profit in just few days.  
But if you want to earn long term by investing in gold then it will never be possible, because it is possible to get more benefits by investing in Bitcoin only.


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July 04, 2024, 05:37:11 PM
 #115

Although both are valuable assets, there are significant differences between them. Gold has been regarded as a precious resource by humans since ancient times but with the change of eras there has been a great change in the needs and preferences of humans. Nowadays people give more priority to bitcoin than gold. Because they can't give maximum security even if they want in case of gold. Due to physical existence of gold, it is not portable. On one cannot hide it. But Bitcoin is an asset that is not a problem when kept in a wallet. If there is good security then there is good advantage using Bitcoin.
From these two things, of course everyone has realized that Bitcoin and gold, both assets, can be used as investments for their future and as you said, it is very likely that gold has already been used by someone as an asset that they invest in and now we all have know Bitcoin well and some people have made this asset an investment for their future like previous people invested in gold.

I agree with you that to be able to store Bitcoin assets we only need to have a wallet and must maintain the passkey properly so that we can still access these assets and it is very different from gold of course we have to really look after it because gold is an asset that has a quantity based on its price and this will makes it difficult for us to maintain it.

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July 06, 2024, 02:35:42 PM
 #116

Bitcoin is the best investment if you have to invest at this time because Bitcoin is going dip now. But I think that for some time bitcoin is best, people get little benefit by investing in gold. But Bitcoin is the best to get more profit, but if you invest now in this dip market then you can get one to two times profit in just few days.  
But if you want to earn long term by investing in gold then it will never be possible, because it is possible to get more benefits by investing in Bitcoin only.
Between bitcoin and gold I will choose bitcoin because if you invest in bitcoin at the right time and wait you can get multiple profit. But I don't have much idea about how much profit you can get by investing in gold so I favor bitcoin to invest. But  If someone thinks to invest in Bitcoin for a short period of time, it can be a big fool for him. To invest in gold, we need to think a lot before investing. Because investing in gold cannot be sold at any time and there are many difficulties.  I think there may be. If we invest in Bitcoin, we can sell at any time and enjoy many benefits.

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July 07, 2024, 04:22:28 AM
 #117

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
Gold and Bitcoin are both long-term investments. Whether you invest in gold or bitcoin you need to hold for a long term, if you can't hold for a long time you won't make much profit. Now in terms of risk, gold is better than bitcoin, there is no risk in gold. If you think in terms of profit, you can earn more profit by investing in bitcoin than gold. Now see where you want to invest your money. Don't invest on someone else's advice.

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July 07, 2024, 05:43:29 AM
 #118

Two different names but on the other hand it is a profitable investment from both, it all comes back to how they or someone keeps it because both have risks when owning both because the selling value is relatively high and both are worth having, it's not a question of which is more profitable but  if you have both it will be much better than having to choose which is better, to be honest I have a little of both because I think they both have their own value which is what makes me want to have both.

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July 07, 2024, 07:52:07 AM
 #119

Yes Actually both are good for investing, depending on how you want to invest. If we look at history, we definitely prefer gold because gold has been around for decades, but if we look at the profits, we definitely choose bitcoin, even though bitcoin has only been around for a decade, but bitcoin has now become a hedging asset.

Bitcoin is also easier to use than gold which is very difficult to carry everywhere. In essence, both have their own characteristics and advantages, it all depends on what type of investment the individual wants to make. But what is clear is that bitcoin is growing very rapidly, having gold and bitcoin investments will make you achieve financial freedom in the future. Because what is certain is that if we look back in history we have been deceived by paper currency.

You will not carry gold with you, but you can wear some gold jewelry, and a small part of the gold will always be with you. Also, you don’t carry all your bitcoins with you (I mean a hardware wallet that contains all the bitcoins), you probably don’t even carry a few satoshis with you in your mobile wallet, and only make transactions when necessary, so this is not the best comparison. Gold and Bitcoin are good investments, but perhaps Bitcoin requires more understanding of the market than gold, in the long run the price will rise for both assets and if you are prone to strong feelings if the price of an asset falls, then invest less in Bitcoin because it can lose -70% or more in bear markets.

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July 07, 2024, 09:39:56 AM
 #120

Two different names but on the other hand it is a profitable investment from both, it all comes back to how they or someone keeps it because both have risks when owning both because the selling value is relatively high and both are worth having, it's not a question of which is more profitable but  if you have both it will be much better than having to choose which is better, to be honest I have a little of both because I think they both have their own value which is what makes me want to have both.
well, when we have the opportunity to take advantage of both, then it is best to choose both as investment tools. However, depending on the circumstances, if we are currently trying to increase the assets we have quickly for business development, then it would be better to choose bitcoin, it's just that the risk is greater. However, if you want a long-term investment without having to bother thinking about it all the time, then it's gold. We know that the potential for gold development can be seen over a period of more than 10 years. So, if you want an investment that has very little risk, and a long-term investment, then the answer is gold.


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