Many have called Bitcoin “digital gold” in the past due to its weak relationship with all other assets–stocks especially. Like gold, there is a limited amount of Bitcoin. It must be mined. For hundreds of years, gold has dominated the safe-haven asset arena, and it is yet unknown if Bitcoin presents a real threat.
There are some small, but potentially significant differences between Bitcoin and Gold in 2017 like
(1) Gold can continue to be mined, but eventually there will be no more Bitcoin.
(2) While gold is physically useful for jewelry and industry, Bitcoin’s applications are not yet clear.
(3) It’s much easier to get cash for gold than cash for Bitcoin. In the limited number of exchanges that allow fiat withdrawal, all impose daily limits, meaning that Bitcoin is not as liquid as it could be. People world-wide gold and are willing to pay for it while Bitcoin’s market is limited.
(4) Bitcoin is more volatile compared to gold. As price increases, people’s opinions on the revolutionary currency become stronger than ever.
Topic: Bitcoin or gold? - page 66. (Read 984448 times)
If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.
in a years pass by before gold is really a higher bit but now i would rather choose bitcoin because bitcoin is higher than gold so i better choose bitcoin.
in my opinion, investing with bitcoin is very profitable because of its very fast price increase.
and will certainly earn a huge profit in a short time.
but everyone has their respective views.
bitcoin and gold are equally good.
and will certainly earn a huge profit in a short time.
but everyone has their respective views.
bitcoin and gold are equally good.
If i have a lot of money then I will have both of them but maybe bitcoin has a bigger percent since you can easily double your money here than gold but both is a good investment with different use.
Gold is secure therefore it does not give fast return, the higher the risk the bigger the reward and that can be found on bitcoin. Actually if we are satisfied with our investment in bitcoin then why would we look for another investment.
So, it is not a good idea to invest your money into gold as it will bring you nothing good. Bitcoin is the only investment which can change your lives.
Gold for me, because we don't have any assurance if the price of bitcoin will raise or not, but if now i will also invest in bitcoin, i know that is risky because its volatile but now is yhe best time for bitcoin.
That’s so wrong. You should revise your strategy for a better and secure future. Gold has become an old fashion for increasing your money by investing. Many gold investors have switched to bitcoin for long term investment because of the way it is increasing in value. There is no need to hold gold for long time because it is very much stable in prices and the profit it generates is very low as compared to bitcoin.
Gold price is not changing from last 1 month, bitcoin price changes with in lakhs. So you are good enough to make judgement. Bitcoin is good for now.
It is good but there are some good side and bad side about it's volatility. Yes the price is changing very quickly and it gives good profit from the people, but think of this, when people bought bitcoin at $14K and then it dumps all the way to $10K, is that good? No, but when it pumps, it is good since you have a good profit, but the thing is, it is risky unlike Gold.
Yeah correct, in bitcoin there are high risks to consider than in gold. But we can't deny the fact that bitcoin is more profitable than investing in gold.
We have to look for the future, gold cannot give the people benefits, but bitcoin does because of the decentralized system it can give us freedom to transact online with full security.
Gold price is not changing from last 1 month, bitcoin price changes with in lakhs. So you are good enough to make judgement. Bitcoin is good for now.
It is good but there are some good side and bad side about it's volatility. Yes the price is changing very quickly and it gives good profit from the people, but think of this, when people bought bitcoin at $14K and then it dumps all the way to $10K, is that good? No, but when it pumps, it is good since you have a good profit, but the thing is, it is risky unlike Gold.
Yeah correct, in bitcoin there are high risks to consider than in gold. But we can't deny the fact that bitcoin is more profitable than investing in gold.
Gold price is not changing from last 1 month, bitcoin price changes with in lakhs. So you are good enough to make judgement. Bitcoin is good for now.
It is good but there are some good side and bad side about it's volatility. Yes the price is changing very quickly and it gives good profit from the people, but think of this, when people bought bitcoin at $14K and then it dumps all the way to $10K, is that good? No, but when it pumps, it is good since you have a good profit, but the thing is, it is risky unlike Gold.
Gold price is not changing from last 1 month, bitcoin price changes with in lakhs. So you are good enough to make judgement. Bitcoin is good for now.
Gold is always stagent from the beginning and bitcoin price is increasing a lot and decreasing a lot. I think both are food investment for long-term holders who are looking for investment.
If you want a stable investment and afraid of high risk. Then better put your money in gold. The problem with gold is that investing in it wont give you a lot of profit rather than investing in bitcoin.
I will prefer to invest in Bitcoin because it appreciates in value than Gold. The investment into Bitcoin stand to gain more than that of Gold. But if I have enough after I invest in Gold I can then invest in Gold as well that is if the resources is there, but if not I will invest in Bitcoin.
Investing most of your money to bitcoin is a good idea and it is also a good idea to diversify by investing in gold and other forms of investment vehicles. The more you are diversified, the less you are taking risk in your overall portfolio.
I will prefer to invest in Bitcoin because it appreciates in value than Gold. The investment into Bitcoin stand to gain more than that of Gold. But if I have enough after I invest in Bitcoin I can then invest in Gold as well that is if the resources is there, but if not I will invest in Bitcoin.
Personally; I'd look towards Silver.
Right now silver is in a bit of a strange spot strike price wise. It has strayed from gold and the USD in terms of it's long; as in very long, established trading history, and is now in my opinion highly undervalued.
That said; I think it's a long term play, buy and hold.
But Silver is at it's low. Currently it costs more than the spot price on an OZ of Silver to Mine the OZ than what it sells for. So mining new silver is not a money maker; a big problem for mining companies.
On the flip side Silver is a commodity that will continue to be in demand; it's used in massive quantities in the electronic industry; health industry; and countless others. It's not just coins and jewelry.
But to be clear: Bitcoin of course would be the best investment.
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But if I did add more precious metals to my investment portfolio; whether by buying physical bullion or trading commodities; I'd buy Silver right now over Gold.
Right now silver is in a bit of a strange spot strike price wise. It has strayed from gold and the USD in terms of it's long; as in very long, established trading history, and is now in my opinion highly undervalued.
That said; I think it's a long term play, buy and hold.
But Silver is at it's low. Currently it costs more than the spot price on an OZ of Silver to Mine the OZ than what it sells for. So mining new silver is not a money maker; a big problem for mining companies.
On the flip side Silver is a commodity that will continue to be in demand; it's used in massive quantities in the electronic industry; health industry; and countless others. It's not just coins and jewelry.
But to be clear: Bitcoin of course would be the best investment.
BTCBTCBTCBut if I did add more precious metals to my investment portfolio; whether by buying physical bullion or trading commodities; I'd buy Silver right now over Gold.
There is nothing wrong when you invest on both. Besides it is ok to diversify your money. Both are good investment especially they are both with a limited supply. Bitcoin is good because in the future it will have a great place in the market. Gold is good because it is a wasting asset. Meaning it can be depleted.
both, but if it is not possible then btc - it is limited, and there unlimited sources in the universe, so gold ones will became whith same cost as copper
Although many people here choose bitcoin over gold, but I prefer gold over bitcoin, my reason is a bigger investment is safer if we choose gold that is not too volatile like bitcoin.
Gold is a tangible property that existed already during ancient times and has increasing value. However, bitcoin has been mined like five years ago only but the value is undeniable and has made tremendous heights in pricing due to high demand by investors. So i guess keep your gold and invest also good amount in btc because it will definitely bring you wealth.
At present, Bitcoin has made a big name . There is a section in the world already ling before the gold . But now Bitcoin tops .So Bitcoin is the best .
Gold and bitcoin are very good investments, but for now I prefer bitcoin because bitcoin investing is more profitable than gold, with bitcoin I can profit up to $ 15000 per btc, while gold I did not get anything even though it's been a year.
But you should also understand that investing in cryptocurrency is high risk. for those who are weak hearts are not advised to invest in cunia cryptocurrency
Gold and bitcoin are very good investments, but for now I prefer bitcoin because bitcoin investing is more profitable than gold, with bitcoin I can profit up to $ 15000 per btc, while gold I did not get anything even though it's been a year.
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