Topic: Bitcoin Is Better Than Digital Gold - page 5. (Read 1649 times)
Two things are valuable in two cases gold is accepted globally but bitcoin is gold so far limited to certain states or few people like gold to people globally Bitcoin has gained trust but not yet and both are very high value and both are asset classes one is ancient or traditional and Bitcoin is modern. So it is not logical to differentiate or compare between the two, that is why many of us is buying gold with our Bitcoin earnings because both are Permanent gold has already achieved stability and Bitcoin is slowly making its presence felt around the world.So there is no reason to see these two separately as one complements the other now Both are sustainable now and will be in the near future and will continue to exist with their power.
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...i personally never seen any person getting rich from just investing in gold but i've seen plenty become millionaire from investing in bitcoin at the right time and at the right moment.
thats the difference.
If you look back at the history of gold over the past thousand years, you will also see that the value of gold has also increased significantly compared to decades ago. That proves there are many people who invested in gold and became rich, but because you were not born at that time, you never know who became rich by investing in gold
. Before gold became as big as it is today, it also had volatile prices and bull cycles, you have never read about its history, so you don't know about it. Gold is an old asset and has reached a level of stability so comparing it to a new asset like bitcoin is quite lame. Just as many people will compare bitcoin to altcoins, many people invest in altcoins because they believe that bitcoin will no longer be very profitable. Bitcoin still offers significant returns compared to traditional assets, but there's no denying that bitcoin's returns are getting smaller. Do you see bitcoin rising millions of percent or thousands of percent these days? That happened years ago and now we will only have x10, x5...and they will get smaller and smaller as bitcoin gets bigger and bigger.
even 1 year investment in bitcoin could already outweight a decade investment in gold even digital gold.
its just really obvious what to choose to invest here when it comes to targeting to get massive money.
moreover, so many people refusing investing in gold for the simple fact that gold only good to go against inflation not so much for investment.
i personally never seen any person getting rich from just investing in gold but i've seen plenty become millionaire from investing in bitcoin at the right time and at the right moment.
thats the difference.
All have their own advantages and disadvantages. In terms of 1 year profit, bitcoin is definitely the right one to be used as an investment because it is indeed with the volatile condition of bitcoin that makes their value grow rapidly, but on the other hand indirectly this also makes the risk of bitcoin greater than gold considering gold is more stable in terms of value. its just really obvious what to choose to invest here when it comes to targeting to get massive money.
moreover, so many people refusing investing in gold for the simple fact that gold only good to go against inflation not so much for investment.
i personally never seen any person getting rich from just investing in gold but i've seen plenty become millionaire from investing in bitcoin at the right time and at the right moment.
thats the difference.
It depends on us in seeing the real risk because this is the most important thing. Being in bitcoin is the best thing. that's true, but the problem is whether we are ready for the worst possibilities because in recent years with a sizable bitcoin correction many people have actually given up on the investments they made because they said risk but the behavior they did did did not reflect risk because they only thought about profit without thinking about the worst possibilities.
The OP said digital gold not physical gold bars. Such an asset would have to be stored on a custodial platform - which can never be transacted with, only held - which of course will require you to complete KYC in order to access your gold holdings - which it may or may not have depending on the trustworthiness of the platform.
Bitcoin is the digital and volatile version of physical gold. Physical gold has several qualities that have made it exceptionally valuable throughout history. Since Bitcoin is volatile, it is one of the most profitable assets traders can acquire. Gold is stable and is good investment to counter crisis and inflation that is why central banks use it as reserve for backup.
Bitcoin has proven good with its digital version to date and has also been considered an asset that can withstand crises and inflation so far so that Bitcoin will continue to be seen as a good asset to save and own in the long term by people who have the courage to keep it because Some people still don't dare to keep Bitcoin as the best asset because they often think about Bitcoin's value or price easily changing in the market.
So they still tend to shift their money to gold, even though this is not a bad thing for them, but apart from them still liking and believing in the stability of the value of gold, they should also use Bitcoin as a form of investment that can provide benefits for them in the future. Because these two assets are actually both good to have to fight bad things in the current economy such as crisis and inflation.
Gold and Bitcoin are precious things so there is nothing to prove one is valuable and one is worthless because both are very valuable. Just as Bitcoin is a popular currency, gold is one of the most precious metals in the world. People who don't understand Bitcoin or who don't have enough courage to invest and who are afraid of losing their money in the bank usually convert their money into gold. Those who buy gold with money but do not invest that money in gold but think about the security of their money, they take such decision. Those who have an investment mind-set and those who are involved with Bitcoin will use Bitcoin for investment, but not everyone who has a tendency to invest with risk can definitely invest in Bitcoin. In terms of both, I would highly value both and I would definitely use Bitcoin and gold separately.
Bitcoin is the digital and volatile version of physical gold. Physical gold has several qualities that have made it exceptionally valuable throughout history. Since Bitcoin is volatile, it is one of the most profitable assets traders can acquire. Gold is stable and is good investment to counter crisis and inflation that is why central banks use it as reserve for backup.
Yes, I see your point. Valid gold is only the physical kind. There might be digital gold where some institutions claim to back it with physical gold in a 1:1 ratio, but I'm always skeptical about this, as any centralized institution tends to have its ways of concealing the unknown from the public. Even if it's a big company, there's always the possibility that they don't actually possess real or physical gold. I understand this doesn't apply to all companies, so it ultimately depends on our wise choices.
One of the reasons I'm not entirely sold on digital gold is its limited utility compared to physical gold. Physical gold can serve as an investment or be used to create jewelry, while digital gold is primarily for investment purposes and heavily reliant on technology.
One of the reasons I'm not entirely sold on digital gold is its limited utility compared to physical gold. Physical gold can serve as an investment or be used to create jewelry, while digital gold is primarily for investment purposes and heavily reliant on technology.
OP, I don't understand what you are trying to achieve here. How can you compare gold and bitcoin? It's not logical. Comparing bitcoin with altcoins can be reasonable. Gold and bitcoin both have different properties and attributes. The crypto market is much more volatile compared to gold prices. The price of crypto can fluctuate at any time, with the highest price difference where gold doesn't. Another thing is that if you want to profit a lot, you have to wait a long time for the right moment to come. For gold, it doesn't guarantee a high profit, but it won't consume time like bitcoin does.
digital gold still can be compared with bitcoin though the fact that it is digital gold, because it made for the sake of easiness for people to invest in "gold"therefore its both can be compared in term of being investment, to see the return rate and the risk rate.
I think its completely fine to see it from this point because gold itself also being favoured as best investment where it always grow but seeing the bigger picture here.
is it really true, that gold is really best investment there is? considering the fact that judging from decades of growth digital gold didn't do so much anyway.
The connection between gold and bitcoin (BTC) as stores of value is obvious, and the demand for BTC as a digital store of value was a big reason why the cryptocurrency grew in popularity, crypto services provider Matrixport said in a report Monday.
Bitcoin’s market capitalization is $540 billion, equivalent to 10.8% of the market cap of physical financial gold, Matrixport said, adding that gold exchange-traded-funds (ETFs) are valued at $200 billion. Read
Bitcoin’s market capitalization is $540 billion, equivalent to 10.8% of the market cap of physical financial gold, Matrixport said, adding that gold exchange-traded-funds (ETFs) are valued at $200 billion. Read
Crypto has its price and Gold has its price. Bitcoin changes concerning time, but I don't gold gold is as volatile as we think of Bitcoin. But this is also better in some cases if someone wants to keep Gold instead of bitcoin he must have low chances of loss and also there will be a low profit if he wants to earn something from it. But if he buys Bitcoins and keeps them for some time, then definitely he will be at more risk due to its increased volatility. So, he would be at a big loss even if the same think happens that he can have a big profit in that.
These things matter a lot if we compare something with crypto and regard the real view of Gold as it has some physical uses and more people are even buying it and keeping it for some better days. But this is just a time matter and sometimes when something is trending people choose it as always.
The connection between gold and bitcoin (BTC) as stores of value is obvious, and the demand for BTC as a digital store of value was a big reason why the cryptocurrency grew in popularity, crypto services provider Matrixport said in a report Monday.
Bitcoin’s market capitalization is $540 billion, equivalent to 10.8% of the market cap of physical financial gold, Matrixport said, adding that gold exchange-traded-funds (ETFs) are valued at $200 billion.
Bitcoin journey started since 2009 people most provably started to know about Bitcoin since 2014. But it has gained massive popularity since 2017. If you think about it from that angle, gold has been recognized as a resource since the beginning of the world and until now it is seen as a store of value. People around the world have long valued gold in the same way that they will never accept any other asset easily. Also not everyone will understand easily about Bitcoin but even an uneducated person can purchase and hold by money. So if we discuss the capital aspect with gold and bitcoin then definitely gold will be ahead but if we compare gold and bitcoin comparatively then definitely bitcoin will be ahead. Bitcoin’s market capitalization is $540 billion, equivalent to 10.8% of the market cap of physical financial gold, Matrixport said, adding that gold exchange-traded-funds (ETFs) are valued at $200 billion.
True, in my experience 2 years ago, I had 3.5 grams of gold and sold it, and I received about $220 on my local currency. After a day, I bought Bitcoin and received about 0.01 BTC. So after 2 years I hold BTC, I am profiting about $120 today. Just think, if I hold my gold until today I just received a profit of about $20-$30, right?, That's not even tax deducted, admin fee and, and weighing wages when I sell it on different gold shops. In my opinion, bitcoin is true as digital asset investment, that asset will grow your wealth and directly proportional as good as investment, while gold does not increase wealth, gold is just maintain value from inflation.
There is no doubt that Bitcoin is the best digital cryptocurrency to invest in. Bitcoin has a higher rate of return than gold. Bitcoin's unique properties make it preferred over gold, but that doesn't mean gold isn't a good investment. Gold is a good investment option, because before the existence of Bitcoin almost majority of people invested their money in gold for their future.
I think the price of gold continues to increase, if we compare the price of gold in our country, compared to two years ago, the price of gold has doubled. There is no doubt that gold has a lower rate of return than Bitcoin but it has a physical form whose value can never be ignored. No matter what happens in the world, gold will always maintain its value and because of gold, your capital can be more secure. So both gold and Bitcoin have their place of importance.
even 1 year investment in bitcoin could already outweight a decade investment in gold even digital gold.
its just really obvious what to choose to invest here when it comes to targeting to get massive money.
moreover, so many people refusing investing in gold for the simple fact that gold only good to go against inflation not so much for investment.
i personally never seen any person getting rich from just investing in gold but i've seen plenty become millionaire from investing in bitcoin at the right time and at the right moment.
thats the difference.
True, in my experience 2 years ago, I had 3.5 grams of gold and sold it, and I received about $220 on my local currency. After a day, I bought Bitcoin and received about 0.01 BTC. So after 2 years I hold BTC, I am profiting about $120 today. Just think, if I hold my gold until today I just received a profit of about $20-$30, right?, That's not even tax deducted, admin fee and, and weighing wages when I sell it on different gold shops. In my opinion, bitcoin is true as digital asset investment, that asset will grow your wealth and directly proportional as good as investment, while gold does not increase wealth, gold is just maintain value from inflation.its just really obvious what to choose to invest here when it comes to targeting to get massive money.
moreover, so many people refusing investing in gold for the simple fact that gold only good to go against inflation not so much for investment.
i personally never seen any person getting rich from just investing in gold but i've seen plenty become millionaire from investing in bitcoin at the right time and at the right moment.
thats the difference.
But I see irregularities in the society of most parents who do not understand Bitcoin and they are more stubbornly holding gold as the most valuable and profitable asset to save in the long run, but they forget that what makes the price go up is because inflation is very high which makes gold go up look up in price, even though the value of gold is stable 1: 1 to this day.
even 1 year investment in bitcoin could already outweight a decade investment in gold even digital gold.
its just really obvious what to choose to invest here when it comes to targeting to get massive money.
moreover, so many people refusing investing in gold for the simple fact that gold only good to go against inflation not so much for investment.
i personally never seen any person getting rich from just investing in gold but i've seen plenty become millionaire from investing in bitcoin at the right time and at the right moment.
thats the difference.
True, in my experience 2 years ago, I had 3.5 grams of gold and sold it, and I received about $220 on my local currency. After a day, I bought Bitcoin and received about 0.01 BTC. So after 2 years I hold BTC, I am profiting about $120 today. Just think, if I hold my gold until today I just received a profit of about $20-$30, right?, That's not even tax deducted, admin fee and, and weighing wages when I sell it on different gold shops. In my opinion, bitcoin is true as digital asset investment, that asset will grow your wealth and directly proportional as good as investment, while gold does not increase wealth, gold is just maintain value from inflation.its just really obvious what to choose to invest here when it comes to targeting to get massive money.
moreover, so many people refusing investing in gold for the simple fact that gold only good to go against inflation not so much for investment.
i personally never seen any person getting rich from just investing in gold but i've seen plenty become millionaire from investing in bitcoin at the right time and at the right moment.
thats the difference.
i don't think gold can compete in that field, its always the upperhand that bitcoin got when it comes to the return rate of investment.
It's not that gold can't compete with bitcoin in terms of returns, it's simply that gold has increased significantly over the past thousand years and it has reached its peak and saturation. Therefore, when comparing profits these days, it is clear that gold cannot be compared with bitcoin, but in terms of safety, gold is much superior.
Nowadays, gold is considered a safe haven, a store of value, not a profit-making investment, so I think there is no need to compare. If you want to find high returns, bitcoin or stocks are the choice, if you want to find a safe haven for your assets, it will be more suitable.
So gold has pretty much reached as much as it is possible under the current economic climate, while bitcoin is still growing at an impressive speed and getting adopted by more people, which makes it more suitable for those that want a greater ROI.
thats why many people prefer it to counter the inflation.
meanwhile with bitcoin its massive growth mainly because it comes from innovation, bitcoin labeled the digital gold for reasons that is because its so precious yet the growth of the value also massive.
therefore I think comparing between the two even though not really right, but still make sense. from the standpoint of investors where we only consider the returns.
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I have since had the privilege of conversing with countless successful individuals who have shared anecdotes regarding their Bitcoin investments. They made profitable purchases and sales at the optimal times, and voila! Millionaires appear out of thin air. Gold? Simply put, not at all. A separate ball game has begun. However, keep in mind that substantial returns are accompanied by substantial hazards. Therefore, although Bitcoin may appear to be the apparent option, do your research at all times. Alway
With high volatility which results in fluctuations in the price of Bitcoin, it is a fairly risky asset for some people who do not understand how to manage it. I have since had the privilege of conversing with countless successful individuals who have shared anecdotes regarding their Bitcoin investments. They made profitable purchases and sales at the optimal times, and voila! Millionaires appear out of thin air. Gold? Simply put, not at all. A separate ball game has begun. However, keep in mind that substantial returns are accompanied by substantial hazards. Therefore, although Bitcoin may appear to be the apparent option, do your research at all times. Alway
Indeed, there are many millionaires who were born from Bitcoin but we must also realize that there are also many people who go bankrupt because of Bitcoin and because of their lack of understanding of Bitcoin and how to manage it.
Those who buy for the long term certainly still have a good chance of reaching the highest price,
but Bitcoin cannot be a hedging asset because of strong price fluctuations.
As you said about Bitcoin, large profits will also be offset by large risks.
When gold does not have high volatility and tends to be stable, gold is not too risky but it takes a long time to see how much profit.
Maybe people who hold gold for decades can enjoy the benefits, but for those who only hold gold for a few years, it will still have no effect,
only perhaps as a fairly stable hedge.
Looking at this latest Gold Vs Bitcoin Chart, we will be able to see how the Bitcoin Price Fluctuates and how the price of gold is stable.
https://www.tradingview.com/chart/XAUBTC/Hocc4vPX-Gold-or-Bitcoin-which-is-the-better-hedge-for-2023/
There’s this long association of Bitcoin and Gold as an asset and as a store of value, however, it is also correct that these two have different characteristics and properties. Gold and Bitcoin has differences with platform and physical form. Although both are profitable assets to be held for a long period of time, one is more volatile which makes it a more risky investment but no doubt it will generate bigger profit as well. As per Gold, it is accepted to many countries if not all, as a mode of payment, for fashion, and for collection. Actially Bitcoin is the one being pertained as digital gold due to the mentioned linkage or association between the two.So it boils down to the question; which is better? I’d say it depends on the circumstances the investor is into. Preference and accessibility would also be a factor to consider in order to know which is which.
I know that bitcoin is powerful. But when it comes to survival, I would choose gold in this case. Not just gold, but any rare earth substance like gold, silver, titanium, etc. I'm not talking about profits.Let me give you an example: a 20-dollar bill versus a 20-dollar worth of gold bars. What would you choose? They are the same in terms of value. But a 20-dollar bill is paper money. Today it may be valuable, but tomorrow it might not. Unlike this, bitcoin is also digital money. On the other hand, gold won't lose its value, no matter what. Every technology has gold, even the tiniest bit of gold. And the demand for gold is massive. It's never going to end. Profit would be less, I understand. But it's not bad either compared to BTC.
The connection between gold and bitcoin (BTC) as stores of value is obvious, and the demand for BTC as a digital store of value was a big reason why the cryptocurrency grew in popularity, crypto services provider Matrixport said in a report Monday.
Bitcoin’s market capitalization is $540 billion, equivalent to 10.8% of the market cap of physical financial gold, Matrixport said, adding that gold exchange-traded-funds (ETFs) are valued at $200 billion. Read
Bitcoin’s market capitalization is $540 billion, equivalent to 10.8% of the market cap of physical financial gold, Matrixport said, adding that gold exchange-traded-funds (ETFs) are valued at $200 billion. Read
We are expecting more from Bitcoin then we are from Gold and this is a major reason why people will not back down on Bitcoin. The ROI on Bitcoin far outweights that of Gold, holders can attest to this, the volatility in the crypto space has created more than enough benefit for people to record massive profits in Bitcoin than it did Gold.
In the Digital space, irrespective of the challenges with SEC and global adoption, Bitcoin has provent to be more of a better investment than Digital Gold
its just really obvious what to choose to invest here when it comes to targeting to get massive money.
moreover, so many people refusing investing in gold for the simple fact that gold only good to go against inflation not so much for investment.
i personally never seen any person getting rich from just investing in gold but i've seen plenty become millionaire from investing in bitcoin at the right time and at the right moment.
thats the difference.
I have since had the privilege of conversing with countless successful individuals who have shared anecdotes regarding their Bitcoin investments. They made profitable purchases and sales at the optimal times, and voila! Millionaires appear out of thin air. Gold? Simply put, not at all. A separate ball game has begun. However, keep in mind that substantial returns are accompanied by substantial hazards. Therefore, although Bitcoin may appear to be the apparent option, do your research at all times. Alway
The connection between gold and bitcoin (BTC) as stores of value is obvious, and the demand for BTC as a digital store of value was a big reason why the cryptocurrency grew in popularity, crypto services provider Matrixport said in a report Monday.
Bitcoin’s market capitalization is $540 billion, equivalent to 10.8% of the market cap of physical financial gold, Matrixport said, adding that gold exchange-traded-funds (ETFs) are valued at $200 billion. Read
Bitcoin’s market capitalization is $540 billion, equivalent to 10.8% of the market cap of physical financial gold, Matrixport said, adding that gold exchange-traded-funds (ETFs) are valued at $200 billion. Read
We are expecting more from Bitcoin then we are from Gold and this is a major reason why people will not back down on Bitcoin. The ROI on Bitcoin far outweights that of Gold, holders can attest to this, the volatility in the crypto space has created more than enough benefit for people to record massive profits in Bitcoin than it did Gold.
In the Digital space, irrespective of the challenges with SEC and global adoption, Bitcoin has provent to be more of a better investment than Digital Gold
its just really obvious what to choose to invest here when it comes to targeting to get massive money.
moreover, so many people refusing investing in gold for the simple fact that gold only good to go against inflation not so much for investment.
i personally never seen any person getting rich from just investing in gold but i've seen plenty become millionaire from investing in bitcoin at the right time and at the right moment.
thats the difference.
OP, I don't understand what you are trying to achieve here. How can you compare gold and bitcoin? It's not logical. Comparing bitcoin with altcoins can be reasonable. Gold and bitcoin both have different properties and attributes. The crypto market is much more volatile compared to gold prices. The price of crypto can fluctuate at any time, with the highest price difference where gold doesn't. Another thing is that if you want to profit a lot, you have to wait a long time for the right moment to come. For gold, it doesn't guarantee a high profit, but it won't consume time like bitcoin does.
There’s this long association of Bitcoin and Gold as an asset and as a store of value, however, it is also correct that these two have different characteristics and properties. Gold and Bitcoin has differences with platform and physical form. Although both are profitable assets to be held for a long period of time, one is more volatile which makes it a more risky investment but no doubt it will generate bigger profit as well. As per Gold, it is accepted to many countries if not all, as a mode of payment, for fashion, and for collection. Actially Bitcoin is the one being pertained as digital gold due to the mentioned linkage or association between the two.So it boils down to the question; which is better? I’d say it depends on the circumstances the investor is into. Preference and accessibility would also be a factor to consider in order to know which is which.Gold is not as volatile and is a lot safer while bitcoin is highly volatile and high risk so I don't think it is entirely accurate to call bitcoin digital gold. People like to call bitcoin digital gold because people think that one day bitcoin will become as valuable and precious as physical gold, but bitcoin is still bitcoin, nothing else. Digital gold is just the name people give bitcoin.
As for which one is better, I agree with your thoughts, it depends on each investor's situation and preferences...hard to say which one is better than the other. Since this is a bitcoin forum, people will choose bitcoin, but if this question were asked on a gold forum the answer would obviously be the opposite.
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