Gold gaining less attention to bitcoin

[Perfectbaby]

It is no longer new thing that Trump victory has caused major stir up within the market, such as gold losing over to bitcoin.
Lot of investors are in one way selling their gold to secure some portion of bitcoin.

What do you think could be their reasons;

Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?
Bitcoin could soon become a legal tender?
Gold won't be as profitable as Bitcoin immediately he is sworn in as president?

Let's discuss to share opinions.

[_act_]

It is no longer new thing that Trump victory has caused major stir up within the market, such as gold losing over to bitcoin.

Lot of investors are in one way selling their gold to secure some portion of bitcoin.

Gold price has start to increase back.

Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?

I do not know if what you said is true but gold actually fall when Trump won while bitcoin increased but Trump as the winner does not mean it caused it. Gold is still high in price if compared to previous months, its price really increased this year and got to ATH also several times.

Bitcoin could soon become a legal tender?

Bitcoin is a legal tender in El Salvador. You mean in US? I do not think so. They will prefer only their dollar to be the legal tender.

Gold won't be as profitable as Bitcoin immediately he is sworn in as president?

Gold was never profitable than bitcoin ever since bitcoin was created.

[avp2306]

It is no longer new thing that Trump victory has caused major stir up within the market, such as gold losing over to bitcoin.
Lot of investors are in one way selling their gold to secure some portion of bitcoin.

What do you think could be their reasons;

Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?
Bitcoin could soon become a legal tender?
Gold won't be as profitable as Bitcoin immediately he is sworn in as president?

Let's discuss to share opinions.

You maybe just got delighted by news about the bull run happen with bitcoin and you didn't get much information about latest happening on gold.

We can really see some amazing movements happen with BTC but it doesn't mean it has been left out by bitcoin. Gold still relevant into discussion since this remain the top asset choice by majority of investor.

You can monitor the movement of gold here https://goldprice.org/ and see that this asset still doing good.

Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?

Don't look for quick return on Bitcoin since it will burn you. Every investment decision need proper study that's why some people not taking any rush decision.

Bitcoin could soon become a legal tender?

There's always possibilities that bitcoin would became a legal tender in any country if there's more good innovation happen to it, also the government will truly adapt on new financial system.

Gold won't be as profitable as Bitcoin immediately he is sworn in as president?

Gold will still a relevant asset and continue to provide profit for investors. I don't compare it to bitcoin since they are different and I have both of this asset.

[kotajikikox]

Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?

They’re both profitable but if we look at how the two are performing currently it makes sense why bitcoin is the preferred one. I am guessing that many people didn’t believe in bitcoin back then but suddenly they want in on it now that it’s being valued greatly and consequently they need to have funds to buy bitcoin so they sell their other assets.

Bitcoin could soon become a legal tender?

It already is in El Salvador. But in the US? Hard to assume for sure because as far as I know, that’s not part of Trump’s plan from his campaign speeches. All he wants is to make bitcoin their national reserve.

[hd49728]

Then why didn't they invested earlier?

Because they didn't know about Bitcoin earlier or they knew about Bitcoin but ignored it. In bull run, with more news about Bitcoin, and impressive growth of Bitcoin in price, they turn to be interested in and join the party.

Retail investors are joining.

Bitcoin could soon become a legal tender?

Bitcoin is already legal tender in two countries. Practically in El Salvador and theoretically in Central African Republic.
https://coinmarketcap.com/legal-tender-countries/

[Darker45]

• Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?

You mentioned Trump, right? It's just during the recent campaign that the once anti-Bitcoin Trump started making Bitcoin-friendly pronouncements. And he just won.

Earlier, there wasn't a Trump saying "Never sell your Bitcoin", "On day one, I will fire Gary Gensler", "We want all the remaining Bitcoin to be made in the USA", and so on.

And, earlier, Trump was just a candidate.

• Bitcoin could soon become a legal tender?

In the US, no. And I don't think Bitcoin investors are buying Bitcoin because it will soon become a legal tender in the US under the Trump administration. That's far from happening. Trump didn't even mention that. That's not part of the plan.

It's enough for investors to have heard what Trump has said as regards Bitcoin, and that he turned out victorious, for them to invest heavily in Bitcoin. The future is bright. That Bitcoin will thrive and its adoption grows exponentially are becoming more certain now when the president of the most powerful country in the world is pro-Bitcoin.

• Gold won't be as profitable as Bitcoin immediately he is sworn in as president?

Gold has never been more profitable than Bitcoin. But the point is that investors are never more assured of Bitcoin than now when the president of the USA is Bitcoin's ally.

[teddybear]

~snip~
Gold won't be as profitable as Bitcoin immediately he is sworn in as president?

Let's discuss to share opinions.

Might be short term but if there's one asset that one would secure their future, that's gold and then comes cryptocurrencies as an alternate, specifically Bitcoin. I see that you are taking it in terms of investment opportunity but it doesn't change the fact that Gold is the most stably growing in that regard.

[Text]

Bitcoin’s volatility and rapid price movements make it attractive for investors looking for quick, high returns. While gold tends to be a stable, long-term store of value, Bitcoin has shown the ability to skyrocket in value in relatively short periods. Many investors see this potential for higher returns, especially with Bitcoin’s increased institutional adoption.

Timing the market is notoriously difficult. Many people only jump in when they see momentum building, and now that Bitcoin is more mainstream, it feels like a safer bet to some. But there's always the risk that it could be too late for some to benefit from the kind of growth others saw earlier.

[_act_]

~snip~
Gold won't be as profitable as Bitcoin immediately he is sworn in as president?

Let's discuss to share opinions.

Might be short term but if there's one asset that one would secure their future, that's gold and then comes cryptocurrencies as an alternate, specifically Bitcoin. I see that you are taking it in terms of investment opportunity but it doesn't change the fact that Gold is the most stably growing in that regard.

Bitcoin is the alternative, but do not go for just other cryptocurrencies (altcoins) except you know what you are doing which is short term investment. You can see how they are getting dumped and not getting to ATH. I mean other cryptocurrencies. The best coin you can go for is bitcoin.

Also I do not see bitcoin as alternative to gold. Gold is not easy to buy. You can easily buy bitcoin at your comfort from your home.

[SamReomo]

Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?

Well, without any doubt. Bitcoin has proven itself as more profitable for investors throughout those years than gold and there's no doubt if someone invests in Bitcoin then that person will get quicker and higher profits then the ones who invest in gold. The ones who haven't invested in it earlier were skeptical and now they're investing due to FOMO.

[CryptoBuds]

It is no longer new thing that Trump victory has caused major stir up within the market, such as gold losing over to bitcoin.
Lot of investors are in one way selling their gold to secure some portion of bitcoin.

They sell gold to invest in bitcoin not because they are bored with gold, not because gold is no longer attractive, but because this is the investment strategy that brings the best profits. During a recession, the demand for gold will increase sharply because it is the safest asset and the best hedge against inflation today, so investors will turn to gold whenever there is a crisis or recession. During times of economic stability, risk assets like bitcoin and stocks will be the choice of investors as they have better growth rates. But I bet when inflation or recession happens they will sell bitcoin and high risk assets and go back to gold.

This is just an investment strategy, don't think bitcoin can overshadow gold because each has its own advantages and best use cases in each stage of the economy.

[Free Market Capitalist]

I believe that gold still has a future, albeit a less bright one than bitcoin. In fact, just look at the difference in returns of the one and the other. I have a little bit of gold investment and much more bitcoin, simply as a small diversification. Even if bitcoin ends up taking over, physical gold will continue to have uses in jewelry and industry, so it's not like digital maps that have made paper maps disappear. But in a century in which everything has gone digital and the most profitable businesses are digital, it is clear to me that between bitcoin and gold the champion will continue to be bitcoin.

[EarnOnVictor]

No controversy here, if it is about investing your money, Bitcoin has always outperformed Gold, but if it is trading, then Gold will always outperform Bitcoin, the way Gold is structured will always be an issue for it despite having multiples of Bictoin's market cap. I'm done comparing the two quality assets and anyone can believe whatever they want even as I invest and trade the two to diversity and maximise my earnings in the financial market.

[john_egbert]

No controversy here, if it is about investing your money, Bitcoin has always outperformed Gold, but if it is trading, then Gold will always outperform Bitcoin, the way Gold is structured will always be an issue for it despite having multiples of Bictoin's market cap. I'm done comparing the two quality assets and anyone can believe whatever they want even as I invest and trade the two to diversity and maximise my earnings in the financial market.

Yeah, nobody forbids you to do both, but BTC is just built differently - and that's totally okay, the volatility is a crazy thing 
BTC will become the new digital gold (and already is, albeit some still question that), and gold will accompany it in the place where it is now.

[betswift]

I believe that gold still has a future, albeit a less bright one than bitcoin. In fact, just look at the difference in returns of the one and the other. I have a little bit of gold investment and much more bitcoin, simply as a small diversification. Even if bitcoin ends up taking over, physical gold will continue to have uses in jewelry and industry, so it's not like digital maps that have made paper maps disappear. But in a century in which everything has gone digital and the most profitable businesses are digital, it is clear to me that between bitcoin and gold the champion will continue to be bitcoin.

BTC will have just more use cases to it and more value in it as time goes on.
Of course, when there is instability in the world - the gold will be seen for most of the big entities as the thing to grab - not BTC.
So it's to debate how it will be split between the real gold and the digital gold of sorts, which is our favorite first coin on any cap list, the one and only.

[FortuneFollower]

Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?

Well, without any doubt. Bitcoin has proven itself as more profitable for investors throughout those years than gold and there's no doubt if someone invests in Bitcoin then that person will get quicker and higher profits then the ones who invest in gold. The ones who haven't invested in it earlier were skeptical and now they're investing due to FOMO.

Now they know and they will be wiser next time.
Or it will be their loss indeed if they don't learn what happened during this cycle.

[fikrett]

It is no longer new thing that Trump victory has caused major stir up within the market, such as gold losing over to bitcoin.
Lot of investors are in one way selling their gold to secure some portion of bitcoin.

They sell gold to invest in bitcoin not because they are bored with gold, not because gold is no longer attractive, but because this is the investment strategy that brings the best profits. During a recession, the demand for gold will increase sharply because it is the safest asset and the best hedge against inflation today, so investors will turn to gold whenever there is a crisis or recession. During times of economic stability, risk assets like bitcoin and stocks will be the choice of investors as they have better growth rates. But I bet when inflation or recession happens they will sell bitcoin and high risk assets and go back to gold.

This is just an investment strategy, don't think bitcoin can overshadow gold because each has its own advantages and best use cases in each stage of the economy.

I totally upvote this - the institutions have reliable methods of how and when to use both gold and BTC - so why bother to do things differently?
It won't change any time soon, because this is really how it is. Each one of them (BTC and gold) is used at different times.

[Zlantann]

Lot of investors are in one way selling their gold to secure some portion of bitcoin.

A report or statistics about people ditching gold for Bitcoin would have helped to give this claim a good foundation. I am only aware of Trump's ally Republican Senator Cynthia Lummis who suggested that the US sell some if it's Federal Reserve’s gold and create a Bitcoin reserve.

What do you think could be their reasons;

Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?
Bitcoin could soon become a legal tender?
Gold won't be as profitable as Bitcoin immediately he is sworn in as president?

Let's discuss to share opinions.

It is common for people to be attracted to Bitcoin when the price is appreciating. The bull season usually gets lot of attention from investors. Some people will only invest in an asset that has government backing, so Trump's endorsement has made some of these doubters to begin to change thier perception.

I don't see Bitcoin becoming a legal tender anytime soon in the US. Trump will always promote the dollar and ensure it maintains is dominance.

Bitcoin will definitely be more profitable than gold of Trump make it a reserve asset.

[Yaunfitda]

It is no longer new thing that Trump victory has caused major stir up within the market, such as gold losing over to bitcoin.
Lot of investors are in one way selling their gold to secure some portion of bitcoin.

What do you think could be their reasons;

Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?
Bitcoin could soon become a legal tender?
Gold won't be as profitable as Bitcoin immediately he is sworn in as president?

Let's discuss to share opinions.

I don't know if gold price is going down, because the last time I check very expensive. I have a friend of mine who bought a gold bracelet and it's less that 10 grams but still very very expensive. For me we shouldn't compare the two, I mean there are old and traditional investors who what we term "gold bug", and so they just invest on gold and nothing more, same with Bitcoin as well. I do not think that Bitcoin will soon become a legal tender even though that Trump won the US election. Again, it depends on how you look at it, Bitcoin is more of a digital gold and so it might be very hard for gold investors to understand that.

[avikz]

It is no longer new thing that Trump victory has caused major stir up within the market, such as gold losing over to bitcoin.
Lot of investors are in one way selling their gold to secure some portion of bitcoin.

What do you think could be their reasons;

Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?
Bitcoin could soon become a legal tender?
Gold won't be as profitable as Bitcoin immediately he is sworn in as president?

Let's discuss to share opinions.

Right now whoever is buying Bitcoin is a victim of FOMO. When the bear season hits, these are the people who are going to cry out loud and spread misinformation about Bitcoin. We have seen this trend during every bear season. So Bitcoin is a super volatile asset.

Gold is very different. The volatility of gold is much less compared to many other assets. So people who likes to avoid risks, usually invests in Gold.

I don't think it's correct to compare these two assets at all! These assets cater to different types of investors.