Topic: BITCOIN / GOLD (Read 792 times)
The amount of gold may be limited, but its value cannot be predicted. Unlike Bitcoin which has a mathematical grip that can be calculated, it becomes more stable and difficult to manipulate, but keep in mind that crypto currencies are still doubtful by many countries. Even so, Bitcoin continues to this day. Financial experts even predict that the value will increase significantly in the next few years.
Bitcoin and gold both are good for investments, the only thing varies between gold and bitcoin is nothing but the profit only. Gold value increase but not too much the value would stable. This is not in bitcoin buy bitcoin at low price and hold it once the price becomes very high or tremendous growth happens means then the profit will be more and more than bitcoin.
Gold is a more stable investment than Bitcoin and whereas Gold is infinite the same cannot be said about Bitcoins which has 21 Million in existence. They are both very profitable but due to Bitcoins volatility it can be more profitable or one can loss a lot of money because of it.
Bitcoin successfully performs its function as a store of value, that’s one of reasons why it’s oftenly called a digital gold. The methods of mining of both bitcoin and gold are similar in a way. Reduction in the speed of bitcoin mining in the future and its limited quantity is as attractive for investment as scarcity of gold. The price of gold is less volatile, the market is more liquid and regulated. But the growth of bitcoin’s price is very impressive. Bitcoin has been created in 2009 and currently one coin costs as approximately 0.2 lb of gold. In a few years, the price might be equal to 2 lb of gold or ever more. Meanwhile, the gold’s price is very stable.
Bitcoin and gold both are good for investments, the only thing varies between gold and bitcoin is nothing but the profit only. Gold value increase but not too much the value would stable. This is not in bitcoin buy bitcoin at low price and hold it once the price becomes very high or tremendous growth happens means then the profit will be more and more than bitcoin.
the nature of these two things is very different, gold has existed for thousands of years ago and became one of the payment systems of its time
whereas bitcoin is the parent of crypto coins and is one of the innovators for payment systems in the 21st century
whereas bitcoin is the parent of crypto coins and is one of the innovators for payment systems in the 21st century
If it's ordered to choose bitcoin or gold, for those of us who understand both, it will be very difficult to choose it, but if someone who doesn't know the name of digital currency, they might think bitcoin is a joke, so they will still have gold for investment.
I like gold as well but one of the big issues that I have with gold is that is very easy to confiscate, we have seen in the past that countries have made the possession of gold by the general population as illegal and in the future it is likely that laws like that are going to be passed again and if you have a lot of gold you are going to have a lot of problems selling it, but if you have bitcoin you will not have that problem even if it's made illegal. 
Seeing the sharp and significant movement of market fluctuations, I prefer to invest my funds for BTC temporarily. We see the price of gold tends to be stagnant and does not move far compared to BTC.
I think bitcoin and gold both offer tempting benefits, but in my opinion, gold is more certain in its growth and very unlikely gold prices will go down. Unlike bitcoin, the price changes quickly. But my opinion of bitcoin and gold are both promising long-term investments.
If it's ordered to choose bitcoin or gold, for those of us who understand both, it will be very difficult to choose it, but if someone who doesn't know the name of digital currency, they might think bitcoin is a joke, so they will still have gold for investment.
I see the value of gold and crypto currencies. Gold has been a precious metal till now. Crypto just entered the market in 2009 but has covered the currency market and investors as well. The fluctuation is crypto's backbone and this is what brings more investors into crypto currencies. I would choose both. Will purchase gold from my crypto earnings.
Since ancient times, gold was considered the most important measure of real asset value. Besides that it is used as a medium of exchange and capital accumulation. Not surprisingly, today, many people still believe that investing in gold is much safer than buying paper money from abroad, even those that are more economically developed. This statement is quite correct. Leaders from powerful countries often talk about difficult times for the economy, and most of the whole world is on the verge of economic collapse. When claiming that even the US dollar, which was established as a reserve currency in all countries, has a definite future due to rising US debt, often people begin to regard money as an unreliable tool for investment whose results fall back into eternal gold.
However, because of today's internet technology, we have a new subject for investments whose value is compared to gold. This is a digital Bitcoin currency.
However, because of today's internet technology, we have a new subject for investments whose value is compared to gold. This is a digital Bitcoin currency.
The value of gold is continuous increasing but the value of bitcoin is fluctuating, if you do not want high risk just invest in gold and if you are risk taker like me go for bitcoin it could able to gives high profit once the value increase too high. Even though both are good to have for long period of time.
Gold can be one of the best investments in the world at the right time, but that window of opportunity is only open for some months, the rest of the time gold is nothing more but a store of value, so if you really want to obtain consistent profits over a long term it is better to invest in something like cryptocurrencies that have an higher volatility and can make a lot of money very fast.
Most people think, the problem with bitcoin is regulation. We can not spend bitcoin in many merchant because merchant afraid accepting bitcoin as payment. Government regulation needed if we want mass adoption and make crypto working on our daily life
The value of gold is continuous increasing but the value of bitcoin is fluctuating, if you do not want high risk just invest in gold and if you are risk taker like me go for bitcoin it could able to gives high profit once the value increase too high. Even though both are good to have for long period of time.
Gold is a valuable precious metal, while Bitcoin is a digital coin. But the similarities between them are deep. Both are mined, one physically and the other digitally. But if we look closely at the history of gold, the Bitcoin follows the same pattern of behavior that we have seen in gold.
Prices rose in 1971, when President Richard Nixon announced that the US dollar would not be supported by gold when demand exceeded supply. A major development in March 2003 saw the first ever gold-traded gold trader from the Australian bourse, behind Deutsche Bank. This has caused gold to rise from about $ 20 to $ 30 an ounce to $ 600 an ounce, an increase of 300%.
Before the advent of the first gold trader, it was not easy to invest in gold. But it was easy to buy gold, but at that time, the cost of acquisition and storage was high. But with traded funds, this allowed gold to be owned without actually owning it. Similarly, if the bitcoin trading funds are approved, this may be an important news for developers. The acquisition may be approved by the ETFs as early as 16 August 2018, although nothing has been confirmed so far.
In the past when this happened to gold, we saw a huge increase in the price of gold by 300%. If this happens for developers, this will raise the price tag to $ 60,000, which is expected by some well-known investors. If the price of this form is raised to this level, this will give us a market value of $ 1.26 trillion. So we're looking at 940% returns based on the current price of $ 7,000. As for the yellow metal, it has an estimated market value of $ 8.7 trillion with all the gold extracted.
In the end, investment is not without risk, but if regulation becomes clearer, it may help protect its owners.
Not the same. Gold is a material, a precious metal and used to make expensive jewelry and a long history. The BTC has only been around for a few years, the value of btc is decided by everyone and is more of a currency-like thing than a storage medium like gold. Prices rose in 1971, when President Richard Nixon announced that the US dollar would not be supported by gold when demand exceeded supply. A major development in March 2003 saw the first ever gold-traded gold trader from the Australian bourse, behind Deutsche Bank. This has caused gold to rise from about $ 20 to $ 30 an ounce to $ 600 an ounce, an increase of 300%.
Before the advent of the first gold trader, it was not easy to invest in gold. But it was easy to buy gold, but at that time, the cost of acquisition and storage was high. But with traded funds, this allowed gold to be owned without actually owning it. Similarly, if the bitcoin trading funds are approved, this may be an important news for developers. The acquisition may be approved by the ETFs as early as 16 August 2018, although nothing has been confirmed so far.
In the past when this happened to gold, we saw a huge increase in the price of gold by 300%. If this happens for developers, this will raise the price tag to $ 60,000, which is expected by some well-known investors. If the price of this form is raised to this level, this will give us a market value of $ 1.26 trillion. So we're looking at 940% returns based on the current price of $ 7,000. As for the yellow metal, it has an estimated market value of $ 8.7 trillion with all the gold extracted.
In the end, investment is not without risk, but if regulation becomes clearer, it may help protect its owners.
I think gold and bitcoin got a different characteristics, both of them are good investment, but gold is a stable investment that will grow slowly but sure, gold also being used in a different household things, so gold very suitable to be used for long term, while bitcoin is a very volatile investment, due to the volatility it can be used for trade, and for long term, the future is not yet sure, a lot of banning and rejection keep on pressing the bitcoin existence, but the profit of bitcoin is very tempting
Both have a very high profit value but most of the people prefer gold due to several reasons ranging from affordable gold prices to safer gold in investment compared to bitcoin
Yes both can give a good profit but gold have stable price not like bitcoin that you get a huge profit once the price will goes up. Gold is very valuable and you can keep it for a life time. Bitcoin is also valuable but you can not keep it for a long time because once bitcoin price go up you can sell it.But it is also possible that the price drops
The problem with Bitcoin is that it is raising significantly and dropping significantly and this is a serious risk to investors with huge money
But gold as its value is fixed and never fallible
The price does not come down and is not affected by any news or under any circumstances
It is a constant that does not change
Both have a very high profit value but most of the people prefer gold due to several reasons ranging from affordable gold prices to safer gold in investment compared to bitcoin
Yes both can give a good profit but gold have stable price not like bitcoin that you get a huge profit once the price will goes up. Gold is very valuable and you can keep it for a life time. Bitcoin is also valuable but you can not keep it for a long time because once bitcoin price go up you can sell it. how is this even "similar"?!!
gold is a physical thing and the buying and storing it is hard, and the more of it you have the harder it will be to buy and store. and that storage is risky so you have to spend a lot of money securing it!!!
in comparison whether you have $10 worth of bitcoin or $100 million, it is equally easy to store. it will be harder to buy larger amounts but the storage is easy and it can be safest thing possible.
And not only that sending bitcoin all over the world is incredibly easy you just need a few clicks and you can send as much bitcoin as you want, but moving gold over different countries is something that is very difficult to do, maybe moving a few coins could be possible without bringing too much attention to yourself, but moving really large quantities of gold is bound to raise a lot of red flags, with bitcoin this is not really a problem, if you are the one travelling you can bring all your bitcoin with you in your computer, or you can use a hardware wallet, or a paper wallet, or an USB, or if you know your seed words you could memorize them and have nothing on you, compared to that gold is incredibly difficult to move.gold is a physical thing and the buying and storing it is hard, and the more of it you have the harder it will be to buy and store. and that storage is risky so you have to spend a lot of money securing it!!!
in comparison whether you have $10 worth of bitcoin or $100 million, it is equally easy to store. it will be harder to buy larger amounts but the storage is easy and it can be safest thing possible.
Both have a very high profit value but most of the people prefer gold due to several reasons ranging from affordable gold prices to safer gold in investment compared to bitcoin
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