[Bitcoin or Gold] choose correctly

[BITCOIN4X]

Gold will be the choice of many women because this item can be a beautiful jewelry with the clothes they wear then gold has a stable value, people think gold is safe but that's their mindset including my own wife likes gold and invested some money in it.

However, my own choice is not gold which is clearly bitcoin, I have seen the statistics of the movement of the 10-year ROI increase between gold and bitcoin that is much different.

If you invest a lot of money in gold there is a physical item that is held then this will be vulnerable for you especially now that there are many cases of robbery even though you store it somewhere safe the sense of anxiety will always be there.

Unlike bitcoin, you don't even need to mention having bitcoin because it's only yourself who knows what it means to keep it secret, bitcoin is more flexible, wherever you go you still have access because it's a digital asset.

Not only do I own bitcoin, but gold is a great option to own as well. I'm trying to diversify assets into just a few options instead of just one, so I guess it's not a bad option if you and many other users have both. Gold is not only a form of jewelry, but gold has good potential to be worth more from year to year. So don't ignore gold if you want to diversify your assets.

Then from that, you don't have to have physical gold if you really want to invest in gold. There are many trading platforms that you can use that can help you control and manage your investment assets wherever you travel. I know physical gold is much more at risk of physical violence due to the heinous behavior of robbers, so the safe choice is digital gold.

[Smack That Ace]

Gold will be the choice of many women because this item can be a beautiful jewelry with the clothes they wear then gold has a stable value, people think gold is safe but that's their mindset including my own wife likes gold and invested some money in it.

However, my own choice is not gold which is clearly bitcoin, I have seen the statistics of the movement of the 10-year ROI increase between gold and bitcoin that is much different.

If you invest a lot of money in gold there is a physical item that is held then this will be vulnerable for you especially now that there are many cases of robbery even though you store it somewhere safe the sense of anxiety will always be there.

Unlike bitcoin, you don't even need to mention having bitcoin because it's only yourself who knows what it means to keep it secret, bitcoin is more flexible, wherever you go you still have access because it's a digital asset.

What about billionaires still hoarding gold or governments still hoarding gold? I don't think only women like it and gold has many more uses than just making jewelry like you said.

Any asset will have pros and cons. Physical gold is difficult to store and easy to steal, but bitcoin is not completely safe either. Your Bitcoins will also leave you if you accidentally lose your private key/seed phrase or it is also at risk of being stolen by hackers if you don't know how to secure them…It can be said that the safety of our assets depends entirely on us.

[Minor Miner]

Why choose? I take both.

The topic has been discussed many times before, the point is that both are different asset classes and both have their own pros and cons making it an apples vs oranges argument.

Gold is easy to buy/sell anywhere, difficult to carry. Bitcoin is difficult to buy/sell "anywhere" but easy to carry.
Gold does not need much technical know-how but for bitcoin you need some of it.

No one forces us to choose one or the other, we can own both as long as we can afford it. One thing I just discovered is that we often talk about diversification and think that putting all of our eggs in one basket is very risky and a bad idea. But while we're here to pick bitcoin or gold, that means most people don't diversify their investments and they focus on just one asset. Or they are diversifying with altcoins instead of using an asset unrelated to crypto.

Both have advantages and disadvantages, none is better than the other and the only difference is each of our needs. Those who like stability, gold is the choice, those who like to take risks to seek higher profits, bitcoin is the choice.

[BABY SHOES]

Have both or diversify.

I hold gold because I want a more stable asset because this asset will certainly remain valuable and its value continues to rise even though the annual percentage increase is small, it doesn't matter because some people also have the belief that gold is an asset that can maintain its value.

Bitcoin is certainly a hope that can produce more quickly than every cycle [once every 5 years] behind it there is certainly a fluctuating price, for now I will accumulate more bitcoin because the gold that is stored in my opinion is more than enough.

People think bitcoin is better - I agree with that, until whenever the main investment will be in bitcoin.
Gold is only for the convenience of assets and this is also important for me in managing asset management between gold and bitcoin.

[Abu-Naim]

Feel free to discuss here let us have the general overview from people towards Bitcoin and Gold.

Gold has been a good investment from our ancestors, many rich men today do have gold in their houses, it’s been used for fashion and it is also an investment due to its value, choosing gold over Bitcoin is not bad at all but when you compare some advantages, you will see how easy it is to hold Bitcoin instead of gold.

Some of advantages include security issues to avoid theft due to hold been a physical and attractive object that can be stole easily, while Bitcoin is a digital currency that can be hold without anyone knowing or seeing it.
Moreover, you don’t need a third party to sell your Bitcoin, while you need a market to sell your gold which is a bit stressful. Bitcoin can give you huge profit that gold will not give.

[348Judah]

We have to go by the choice of what we make base on the understanding of how we get information's concerning it, some never know the difference between what gold could offer from what bitcoin can as well give, there is no doubt we have all been on this for long in using gold for a secured and profitable investment, but things have now changes whereby bitcoin is now the best and most preferrable one to use for this purpose.

[Smartvirus]

A lot of users on hear in this forum would prefer gold in respect to Bitcoin just because, they wish to stay pro-Bitcoin and don’t like to be looked ag in a different limelight but no, let’s leave sentiments at the side, Bitcoin I more valuable now than we can say for gold and you know why? It’s simply because of its volatility and decentralized nature.

Bitcoin also is a more scares resource than gold. Gold could be discovered at any time and have the market flooded with it but, it’s not the same with Bitcoin. It has a fixed supply and doesn’t have any definite element that regulates its price.
Gold does, it’s price could be regulated by authorities.

I’ll stick with Bitcoin in this eventuality, at least while the volatile nature of it still persists.

[STT]

Gold will be the choice of many women because this item can be a beautiful jewelry with the clothes they wear then gold has a stable value, people think gold is safe but that's their mindset including my own wife likes gold and invested some money in it.

If gold is to be used both as jewelry and a tradable fungible asset then it has to be 24ct gold which is not the most often used quality for everyday jewelry.  Gold can be soft when its pure bullion quality like that even gold coins collected are often 22ct and mixed with copper for durability, some specialist jewlers will provide this on demand but its not the norm to do so.   I prefer coins myself but I like either idea where its a wanted item.

[shinratensei_]

I never even consider gold as an investment because the APY is too low at best it can combat inflation but that's about it.

with BTC if ever the market cap grow as huge as gold it means your money is growing 16x compared to today, since even the big institutional investors are calling bitcoin a nascent asset this means BTC still has plenty of potential to overtake even the biggest valued stock today which is AAPL and soon catching up with gold.

choose gold if you're too intolerant of risk, then gold is your option, but your money won't grow that much either.

[tabas]

A lot of users on hear in this forum would prefer gold in respect to Bitcoin just because, they wish to stay pro-Bitcoin and don’t like to be looked ag in a different limelight but no, let’s leave sentiments at the side, Bitcoin I more valuable now than we can say for gold and you know why? It’s simply because of its volatility and decentralized nature.

I think it is the other way around. In the forum, most of us prefer to have Bitcoin instead of gold. But when we haven't heard of Bitcoin yet and we're ignorant of it, for sure we'd choose gold over this thing that exists on the internet.

Bitcoin also is a more scares resource than gold. Gold could be discovered at any time and have the market flooded with it but, it’s not the same with Bitcoin. It has a fixed supply and doesn’t have any definite element that regulates its price.
Gold does, it’s price could be regulated by authorities.

That's true, Bitcoin is more scarce because just a report January this year said that the total gold supply in 2023 increased 3% y/y as mine supply and recycling both posted growth.

I’ll stick with Bitcoin in this eventuality, at least while the volatile nature of it still persists.

We're used to its volatility and that's why it's easier to have it and less hassle as we keep it through our cold storages.

[HajiBagi]

Id take Bitcoin over gold any day of the week.  Now, dont get me wrong here - I can appreciate the beauty of gold when its made into jewelry or other decorative stuff.  But if were talking investing money and keeping value safe, Bitcoin is my top choice. 

Gold has got limits because of its physical nature and  you gotta keep it somewhere secure, and it isnt exactly easy to carry around.  Bitcoin though - its digital.  It can be accessed and sent all over the globe pretty much whenever just with a few little clicks.   

Plus, Bitcoin has way higher potential for growth compared to gold.  Since its a brand new asset type with a capped supply, it creates scarcity and drives demand upwards.

You have said it all, I prefer having Bitcoin to having Gold because gold is physical nature and you have to keep it somewhere to secure it, Gold can’t be kept in a wallet that you will think it’s safe, although it can be kept in a place like banks and other financial institutions when you keep it will remain like that, bitcoin can be kept safe in a wallet that you can be seeing it any time you want and the price of it will be increasing every day, although the both have their price and gold sometimes the price can increase but bitcoin is still the most important thing to hold in terms of price and the value.

We can’t even compare the both together because they are not are the same level, I know that gold is the first one that we all know but when we are talking about the best thing in the world that has value then anything now is bitcoin, I have seen where someone who has gold is selling all his gold to buy bitcoin and I think the person does the right thing because everyone wants the best for themselves.

[Yatsan]

Feel free to discuss here let us have the general overview from people towards Bitcoin and Gold.

Well both Bitcoin and Gold are fungible and durable. Bitcoin is a lot faster than gold and extremely portable. Gold often needs to be melted or cut just to verify that there's no element added, it's tungsten I believe, while Bitcoin as part of blockchain technology it is easy to verify if the fund is there or it's nonexistent. During the pandemic Covid, gold did skyrocket but price dropped as our economies slowly recovered, while Bitcoin's value wasn't falling alongside stock values during the pandemic, proves that the value of Bitcoin remains even pandemic until the new normal. On the other hand, it's very unlikely that all investors will choose between Bitcoin and Gold but what most likely to happen is that both item will have a place in a portfolio depending on preferences and risk tolerance.

[SmartGold01]

Feel free to discuss here let us have the general overview from people towards Bitcoin and Gold.

Well both Bitcoin and Gold are fungible and durable. Bitcoin is a lot faster than gold and extremely portable. Gold often needs to be melted or cut just to verify that there's no element added, it's tungsten I believe, while Bitcoin as part of blockchain technology it is easy to verify if the fund is there or it's nonexistent. During the pandemic Covid, gold did skyrocket but price dropped as our economies slowly recovered, while Bitcoin's value wasn't falling alongside stock values during the pandemic, proves that the value of Bitcoin remains even pandemic until the new normal. On the other hand, it's very unlikely that all investors will choose between Bitcoin and Gold but what most likely to happen is that both item will have a place in a portfolio depending on preferences and risk tolerance.

Lot of people with which they had chosen and of course you are correct that not everyone would choose Gold or Bitcoin but it depends on individual likeness and passion, as I know if you have interest for bitcoin then you would go for it while those who loves and values bitcoin would definitely go for it instead of not knowing the one to choose.
There are some people who lose their gold due to the pandemic because of fear of death since death case where increasingly every day and they Will out their some of their possession.

[Altryist]

Well both Bitcoin and Gold are fungible and durable. Bitcoin is a lot faster than gold and extremely portable. Gold often needs to be melted or cut just to verify that there's no element added, it's tungsten I believe, while Bitcoin as part of blockchain technology it is easy to verify if the fund is there or it's nonexistent. During the pandemic Covid, gold did skyrocket but price dropped as our economies slowly recovered, while Bitcoin's value wasn't falling alongside stock values during the pandemic, proves that the value of Bitcoin remains even pandemic until the new normal. On the other hand, it's very unlikely that all investors will choose between Bitcoin and Gold but what most likely to happen is that both item will have a place in a portfolio depending on preferences and risk tolerance.

This is an eternal debate that can never be answered unequivocally, and maybe it is not necessary, there is an investor for every asset, there is too much money in the world, and I doubt that it will ever happen that one of these assets will have a very large advantage. You are talking about counterfeit gold, but now I often come across mentions of "dirty bytcoins", the reasons for this are well known to everyone, and although I consider this a great stupidity, this also exists. Ideally, I think it would be good if an investor wanted to see both of these assets in his portfolio.

[TravelMug]

Well both Bitcoin and Gold are fungible and durable. Bitcoin is a lot faster than gold and extremely portable. Gold often needs to be melted or cut just to verify that there's no element added, it's tungsten I believe, while Bitcoin as part of blockchain technology it is easy to verify if the fund is there or it's nonexistent. During the pandemic Covid, gold did skyrocket but price dropped as our economies slowly recovered, while Bitcoin's value wasn't falling alongside stock values during the pandemic, proves that the value of Bitcoin remains even pandemic until the new normal. On the other hand, it's very unlikely that all investors will choose between Bitcoin and Gold but what most likely to happen is that both item will have a place in a portfolio depending on preferences and risk tolerance.

This is an eternal debate that can never be answered unequivocally, and maybe it is not necessary, there is an investor for every asset, there is too much money in the world, and I doubt that it will ever happen that one of these assets will have a very large advantage. You are talking about counterfeit gold, but now I often come across mentions of "dirty bytcoins", the reasons for this are well known to everyone, and although I consider this a great stupidity, this also exists. Ideally, I think it would be good if an investor wanted to see both of these assets in his portfolio.

It can be answered by for sure there are supporters on both Gold and Bitcoin. Like in this community, it's obviously that we are going to be pro Bitcoin as we have seen how it help up to have that financial freedom and it has a lot of advantages as compare to the physical Gold and I do not think that majority of us are investing, maybe a few jewelries but that's it.

And it's true, even in pandemic, Bitcoin become a hedge, and we never thought it's possible but we have seen people hedging their wealth on Bitcoin and even some of got their money from their government might have invested on Bitcoin that time and could have make a lot of money due to the timing of the bull run.

[hafiztalha]

Well both Bitcoin and Gold are fungible and durable. Bitcoin is a lot faster than gold and extremely portable. Gold often needs to be melted or cut just to verify that there's no element added, it's tungsten I believe, while Bitcoin as part of blockchain technology it is easy to verify if the fund is there or it's nonexistent. During the pandemic Covid, gold did skyrocket but price dropped as our economies slowly recovered, while Bitcoin's value wasn't falling alongside stock values during the pandemic, proves that the value of Bitcoin remains even pandemic until the new normal. On the other hand, it's very unlikely that all investors will choose between Bitcoin and Gold but what most likely to happen is that both item will have a place in a portfolio depending on preferences and risk tolerance.

This is an eternal debate that can never be answered unequivocally, and maybe it is not necessary, there is an investor for every asset, there is too much money in the world, and I doubt that it will ever happen that one of these assets will have a very large advantage. You are talking about counterfeit gold, but now I often come across mentions of "dirty bytcoins", the reasons for this are well known to everyone, and although I consider this a great stupidity, this also exists. Ideally, I think it would be good if an investor wanted to see both of these assets in his portfolio.

I think both investments have their own positives  and negatives. Mostly millionaires and billionaires are from bitcoin. The reason is bitcoin is the only fast way to become a rich person, if a person think that he will be billionaire in future by investment in bitcoin, he is right. That is possible, in last few years we saw many people who buy bitcoin at low price and then bitcoin price pump and market condition change and then they deposit their money and they became millionaires and billionaires. I think if someone want more safety and he want to take small risk and he want to become a millionaire slowly slow, he should go to gold but I am not taking about stocks of gold , I am taking about physical gold which you can touch.

[fillippone]

Feel free to discuss here let us have the general overview from people towards Bitcoin and Gold.

When I first invested in Bitcoin, the first model for its final price was based on Gold Capitalisation.
Despite Bitcoin's current lag in one key aspect, I believe Bitcoin has the potential to be a superior store of value compared to Gold.
Gold has been a valuable store of Value for more than 4,000 Years in the history of human civilisation.
After 14 years of work, the story accumulated hints that Bitcoin might be a better reserve than gold, yet many challenges must be faced to fully demonstrate that.  For sure things happen so much quicker than 4,000 years ago, so hopefully a short time is required

[JeffBrad12]

gold is investment for the already rich guy, the average joe won't benefit much from investing in gold with $100 worth of gold .

this is why i pick bitcoin over gold, just overall better opportunity to make money and also faster to grow too for the little guy like us, you should only thinking about investing in gold if your worth is $500k++ because only then we can talk about inflation crushing your asset. but lesser than that, I don't think investing in gold will be that much beneficial unless you really fancy the small return that gold offer which isn't really for me.

so I will choose bitcoin.

[Apocollapse]

gold is investment for the already rich guy, the average joe won't benefit much from investing in gold with $100 worth of gold .

this is why i pick bitcoin over gold, just overall better opportunity to make money and also faster to grow too for the little guy like us, you should only thinking about investing in gold if your worth is $500k++ because only then we can talk about inflation crushing your asset. but lesser than that, I don't think investing in gold will be that much beneficial unless you really fancy the small return that gold offer which isn't really for me.

Even you invest $100 in Bitcoin, it doesn't give you much benefit.

If you think it's need $500K to invest in gold, I'd say it's need $10K if you want to invest in Bitcoin.

Gold is like an end game investment for me, when you already have a lot money and you can't take anymore risk, so you buy gold just to hedge against inflation, not looking to earn anymore.

While Bitcoin right now still has a good potential to earn decent return with high security.

[Iranus]

gold is investment for the already rich guy, the average joe won't benefit much from investing in gold with $100 worth of gold .

this is why i pick bitcoin over gold, just overall better opportunity to make money and also faster to grow too for the little guy like us, you should only thinking about investing in gold if your worth is $500k++ because only then we can talk about inflation crushing your asset. but lesser than that, I don't think investing in gold will be that much beneficial unless you really fancy the small return that gold offer which isn't really for me.

so I will choose bitcoin.

That's right, we choose bitcoin instead of gold simply because it brings better profits than gold, this is the top reason but not many people dare to admit and mention it  .

And as I said before, those of us who have criticized or despised gold, but eventually when we make a lot of money on bitcoin, we no longer want to take the risk, we will go back to gold. The role of gold and its potential are not inferior to bitcoin, it's not that we don't need it or don't want it, it's just that the time has not come for us to need it.

We compare the two to make the right choice for our current situation, not criticize one and praise the other.