Topic: BITCOIN / GOLD - page 4. (Read 792 times)

I always believe bitcoin can give me more profits than gold

for now I choose bitcoin because it looks more promising a lot of profit in the not too distant future. and you

Two best platforms to invest. I would better prefer Bitcoin as i do have experience in both and believe in Bitcoin's growth and turn over. Though bitcoin value fluctuates, we can trust in crypto currencies and invest to see a good turn over. But Gold is not such. The vlaue of gold always remain to a threashold not dropping off too much and spiking up too much as well. Hence crypto is the best platform to invest and gain profits. Choose bitcoin rather than gold, silver or diamond. 

My opinion is bitcoin.It may change to others based on their opinion.Eventhough the price of gold is stable,you can't get huge profits from it.You will buy gold at stable price and sell at very low profit.But in bitcoin,you have two options.One is buy at low price and sell at high price.So you will get huge profits from Bitcoin as compared to Gold.

But admit it or not, most institutional investors are wanting the ETFs to get on board with bitcoin before they go full-on bitcoin bulls. They are just waiting for that extra layer of security coming from the ETFs before they invest. Though bitcoin reached enormous heights without these fancy things the investing world drools about, still we can't deny the fact that bitcoin can still reached higher highs once these ETFs are approved. Idk what's the fuss about the ETFs but then again, if it brings in more money to the economy, that would be great.

Today, protestors have set fire to Iranian Embassy in Iraq. It could be big for Gold as the Universal investment. Bitcoin being decentralization does not get affected global events.

ETF corporations that have filed for SEC acceptance have already bought their reserves yield of real bitcoins. so dont expect a big batch purchases the day they get their ETF accepted. the corporation bought bitcoin along time ago. (the winkles ETF of 200k coins were bought YEARS ago.)

investors wanting to invest in ETF's are not buying btc. they are buying SHARES in a corporation.

when a ETF gets acceptance there will be media hype but this can inflate the price (bubble and correct back down). it will take time for a real sustained bottomline value movement to be at what was the last ATH so expect corrections after the emotions subside. though that does not mean traders cant enjoy playing the waves of hype as they spike and correct along the way.

as for the gold/bitcoin
forget about golds physical properties of the commodities market. bitcoin is nothing like a gold commodity. or any commodity. however gold also sits on a asset market. which bitcoin sits on. which is more based on the acquisition costs where mining being a dominant factor of bottomline value(the low price/correction price when hype is at its lowest)

i would care more about the averaged "acquisition cost" of bitcoin. such as the lowest mining costs for this month is around the $6k area and market buyers/sellers have had like 10 months to try pushing below $5.8k so the bottomline acquisition costs of mining and buying coin is $6k+ area. and as mining costs increase due to hashpower rises. and new buyers buying above $6k wont sell for less.. this will increase the bottomline value slowly but surely

things like ETF and media. are just drama and hype of spikes and corrections that will cause the prices to jump up and down above the bottomline which increases at a slower rate

if you have to choose between gold or bitcoin, I will choose both.
both bitcoin and gold are valuable items today. but returning to each person will invest where, because bitcoin there is no tangible form of the goods while gold is in reality

In my opinion, both are equally important, in fact bitcoin or gold are equally valuable and we can even make assets in the future. Depending on how we invest, if we are smart to invest both we can get huge profits. So there's nothing wrong with us choosing bitcoin and gold for our future.

Bitcoin will be a 3rd tier asset. Gold, Silver, Bitcoin that way when Bitcoin is established as a digital asset.

Bitcoins are like gold and bitcoins are kept by people for investment as gold because bitcoins have properties that are almost gold-like, for example they can be traded and they can be bought and sold.

Bitcoins are like gold and bitcoins are kept by people for investment as gold because bitcoins have properties that are almost gold-like, for example they can be traded and they can be bought and sold.

Can’t really understand the correlation between financial instrument which is Bitcoin and Gold which is physical commodity. If you are trying to raise the question what is better, it is incorrect. Yes they are both options for investment, they might even be similar as there are futures and stocks for gold digging companies, as well as there are futures for Bitcoin and perhaps ETFs in near future. But the concept of comparing the two is wrong, not to be said that bitcoin is the instrument of the future, whereas gold is more of tradable commodity of the past.

Some $40,000,000,000,000 is invested in Gold worldwide. That is trust and store of value Gold shows.

As they say "money is a measure of success". Have a look at this

why not? bitcoin went from being worth near zero up to $20000 which was more than 2 million percent rise without silly things like ETF and it will continue to do so in the future without them too.

Andreas Antonopoulos has some stuff about ETFs which are worth looking into. https://www.youtube.com/watch?v=KSv0J4bfBCc&vl=en
https://news.bitcoin.com/bitcoin-etfs-are-a-terrible-idea-andreas-antonopoulos/

until now I am still confused about the benefits of bitcoin entering the ETF, will the price of bitcoin return as in early 2018? is the price determined by market demand, right?

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.

something like ETF makes sense for gold but it doesn't make any sense for something like bitcoin. specially when you think about why bitcoin was created in fist place: to not-need any third parties.

i don't think so. there is actually some fear of more manipulation entering the market with ETFs. it is not all going to be hunky dory with prices rising to the moon making you super rich. not to mention that bitcoin doesn't even need ETF to reach $60k, $100k,.... price levels.

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.