Topic: Bitcoin or Gold? - page 8. (Read 1272 times)

For now I prefer Bitcoin and Gold for investment, because both are very good for investing. Each has its advantages and disadvantages,
so dividing the investment in the two is a very right decision. But in the future it is very likely that Gold can be replaced by Bitcoin,
but of course it requires a very long process. Maybe because in the future digital will be more widely used, then slowly those who invest
in Gold will move and choose to invest in Bitcoin.

Wow one has a 100,000 year history, the other ten year history

From that the great unwashed BTC herds can make scientific conclusions, that BTC will find a greater fools forever; Eventually you do run out of people more stupid than yourself, and eventually the price is so high that fools can't buy what you have for sale.

The entire reason why IMF-BIS created bitcoin was to keep the price of gold low, so that during the fiat-2-infinity people not buy gold, but plow their money into crypto. The reason for stimmy-checks was to kick-start the economy.

Western people don't even buy gold, its an asian thing.

So, of course there is a negative correlation, for now; Once the crypto space as a fraud is common knowledge, then it will go to zero, and gold will skyrocket.

gold is indeed one of the investments used to overcome inflation, but gold cannot provide a big profit quickly, because the price of gold is increasing slowly, therefore I prefer to invest in Bitcoin, although investing in Bitcoin has a greater risk than investing in gold, but Bitcoin can give me a big profit quickly, because the price of Bitcoin can increase very fast.

Gold investment is very good but bitcoin investment is more better than gold investment base on what we saw during the pandemic that took over one year and some weeks. Bitcoin price pump through out the pandemic that caused so many investors to achieve good result from their Investment. Despite the gold is more older than bitcoin in the area of investment but many people prefer to invest with bitcoin than gold.

If you want profit assurance (100%), GOLD is the best choice. But if you want something more exciting and huge risk, then Bitcoin is suitable for you.

However, For I was investing both of them, I can tell that I can get a good profit form Bitcoin in a shorter time if possible unlike Gold that it only grow little by little. As we are now engaging into crypto world which we could see that the growth of Bitcoin users and investors are largely growing this means that the more it give a chance for a bigger ROI compared to Gold.

DIGITAL-GOLD is a scam, say GLD on the stock market, they do 100X, meaning they trade 100 times more than actual gold they hold, this allows the FED to sell more GOLD than actually exists, so they can lower the price.

Now the same scams exist for BTC, where ETF's can trade BTC, without actually having any BTC, or sell 100X more BTC than they actually have.

'REAL GOLD' vs intangible bitcoin should have been the subject title

Now  if you want to compares any intangible digital fools gold on the market worldwide, then yes they are comparable to BITCOIN, as its all worthless, as its all backed by nothing. Just like FIAT

Just like 'fractional reserve banking' where a bank can loan out 10x more money that it actually has.

So now that the world is inundated with BTC ETF's and futures we should see the same scams in pricing bitcoin, they can keep it low, or make it high anytime they wish, real price discovery? nada

Gold is much praised for its years and years of history and the stabilized growth through its rare availability. In that manner gold has got proven track record. Same is with bitcoin, maybe the year of origin and it's survival till date might be small. Bitcoin has got its own proven track record, and for long term it has got proven as a safe haven. So my pick at the moment is Bitcoin.

both. Gold is a long-standing and approved asset. Bitcoin is too young compared to gold. And now Bitcoin prices fluctuate very strongly. My priority should still be gold, then the Bitcoin.

GOLD is fungible, anywhere on earth it essentially has PAR value

BITCOIN is not fungible, just try to sell a 'tainted' coin on IRS-COINBASE find out how quick your BTC is worthless, not all btc is equal, some more equal than others

Almost all BTC has been 'mixed', pristine addresses and freshly mined coins are of higher value; clean BTC versus dirty, and the black-list is growing exponentially in CHINA & USA

Once you find out your BTC is on a black-list, then you must accept -50% or less face-value from the darkweb, or you can dump it on localbitcoins to a sucker

In the near future all BTC high-value addresses must have a KYC info in a database, other wise that address will be considered black-listed there will be a moratorium, after that it will be extremely hard to remove your coin from the no-fly-list

of course BITCOIN !!!, because the amount of BITCOIN is less than GOLD (limited) and of course it will make the price of Bitcoin can increase higher and faster than GOLD, therefore I prefer to invest in BITCOIN rather than GOLD, because I believe if I invest in BITCOIN then I can get a lot of profit than I invest in GOLD.

If we can do both, i will say both. Because 2 good investment can be back up each other if one of it make us loss. Since bitcoin and gold can be stored and can sell it easily, i think it is worth to try investment in gold too. And it wouldn't disrupt our investment in bitcoin and vice versa.

'Margin-Calls', when the margin-calls kicked in, people sell assets to raise cash to cover the calls. ( collapse of Archego biggest fund loss since LTCM )

GOLD is always the easiest thing to raise cash to cover 'calls', so GOLD went down first.

BITCOIN is extremely hard to sell, especially $350B USD, pump from fall 2020 to spring 2021, it took a few weeks, and the sale was delayed by miners in China going off line, its still hard to do transactions.

Now we have BTC etfs, and futures there can be a complete disconnect in 'price discovery' just like in GOLD, where everybody is doing paper-derivatives, and the real thing you must pay a premium.

BITCOIN prices are NOT based on 'feelings' of investors, the $350B that came in from 'Institutional' is not robinhood stimmy boyz, on average they own 0.05BTC, and they by a majority drink the koolaide labelled 'HODL'

NOW that most BTC trading is by the way of CANADIAN BTC ETF's, and stock like RIOT, MARA, COIN there can be a complete disconnect from reality, just like there is on GLD compared to street price of physical in a shop.

Most of the posted BTC prices are from exchanges, who don't even actually have BTC, they just float it on their books and time-2-time they go bankrupt when their is a run, but these days there are so many limits on cash withdrawls that its almost impossible to call their bluff. Again the entire BITCOIN eco-system is a criminal endeavor.

Now that IRS-COINBASE has gone public, and ownership by US-GOV secured, its in the interest of GOV that BTC ETF's be too-big-too-fail TBTF

From this point its either going down to $10k or higher, or to the moon ... $100k, if it goes to the moon, then it means that the US-GOV is funding BITCOIN, or in reality 'mixing' worthless USD into digital-gold, this also brings in the entire world, which keeps the USA from going bankrupt.

The irony is that Satoshi mythology is 180 degree opposite of this intended outcome.

Probably the reason that NO politician came out to 'endorse' BTC is-was they were waiting to see if it sticks, or if they could get it under their control, I think now those questions have been answered.

So for the people on this board, your wildest dreams have come true, BTC is now the official currency of the USA-MAFIA.

Of course the wild-card is +67% mining in China, and 99% of HW miners 'made  in china', if they pull the plug, given the chip shortage, there is no way the west can replace the bitcoin miners. Lot's of wild-cards, even if the USA GOV MOB does protect BITCOIN. We know they're prepared to dump trillions of USD into anything that keeps them on life support.

BTC is a lot like Hotel-California, you can come in, but you can never leave.

Bitcoin prices are based on the feelings of investors on the other hand the price of gold has started declining since the end of this year. While this comma is good news for a single buyer bitcoin is more volatile than gold as an investment medium not for investors because bitcoin has no basic basis as a result no one will be able to control bitcoin very easily if it creates a bubble in the market. The risk remains low and long-term investments will be worth more than gold.

Ah, the classic tulip and pet rock argument. How long did the mania last though? 2? 3 years? And here we are with bitcoin standing real strong in 11 years with no signs of slowing down. Will look forward to seeing you crying about Bitcoin as it continues to grow. Have fun coping! ♥

The same argument could be "Feces will replace food", some would probably eat it.

Same argument is that women would wear Bitcoin, which is irrational, because BTC is an intangible.

The problem of course is its impossible to debate a physical with an ethereal, this is an old debate "How many angels can dance on the tip of a needle", people died, and were murdered over this question, in the dark ages.

Then & now, humans beings are insane.

Digital here means an accounting mechanism, long ago the USD note was backed by gold, now its backed  by murder-inc, post saudi petro dollar

The digital accounting of BTC has no meaning, because your counting an intangible, long ago there was a book 'the little prince' in that book there was a rich man, who had a book, that proved ownership of all the stars.

All can see that humans are becoming stupider as time evolves.

"Virtual FIAT" of which is what BTC is-is, has already been defined in CHINA as losing value in time, the entire justification is to maintain money-velocity, to keep an economy humming, a normal community planned gov control.

Fiat of course is 'money by decree', as we in USA call "money by murder", if you don't trade you cocaine/opium/oil in USD we destroy your country, Fiat-'Money by order, by order of death'

VF makes fiat by murder even easier, because its all tracked, and if your not a good puppy then your VF balance goes to zero, this is the kind of future that BTC people are bringing to themselves.

Given that BTC came from IMF-BIS, via NSA, what really difference does it make Virtual-Fiat, or Physical-Fiat, or Fed-Fiat? Its all of the same cloth. BIS (Swiss money-printers/bankers ) has ruled the earth some 100 years now, the real question is will you let them 'reset' the world and ensure their rule another 100 years? Who say you?

The entire 2009 narrative of BTC-NSA NakamotoSAtoshi was "BITCOIN sets you free from the bankers", BTC lets you be your own bank, we now know that was all bullshit. The reality is BTC just gives them more power over your lives.

Bitcoin is a very valuable digital currency, investing in the long term can benefit a lot by learning from the experience of 2018 and until now gold is one of the most valuable assets in the real world and the benefits of gold can also be stored in the long term. I think both are equally important and I will probably save both of them for my savings in the long run.

In what particular ways will Bitcoin replace gold?

I could accept if certain people are claiming Bitcoin to be the digital gold. That could be true. However, if you say that Bitcoin will replace gold, I cannot imagine how. What would become of gold then? Or are you only referring to gold as a hedge?

If I am wealthy enough, I don't mind heavily investing in both. I am more than sure that after several millennia of staying relevant, my wealth in gold would still be of significant value after centuries. As to Bitcoin, I am a hard fan but I'm not sure if it is around after 200 years.


It is not a question of will; Gold is already highly digital.

In case my link answering the titular question was too subtle...

Re: Bitcoin or Gold?

...I see gold and Bitcoin as complementary.  Each has properties that the other physically cannot have.  I frankly don’t understand why some (not all) Bitcoiners feel a need to deprecate gold.


^^^ This.

---

P.S., I suggest ignoring the sockpuppeting troll and his stupid games.  He has no talent for predictions; he just makes a lot of noise.  Back to the topic...

I don't know if it is the same in other country but in my country, you can't really handle gold for yourself and most of the time, the bank holds it for you and you have to pay for the storage of it so I would say that bitcoin is a bit better than gold in terms of possession.

Both.

Gold is old and has a massive market that is also accepted globally. It also has far less volatile price which makes it an actual store of value while bitcoin is more of a currency first and a store of value second.
But I never liked comparing the two because they have absolutely nothing in common! But that's a good thing because it means you can diversify. For example things that cause gold to dump are not going to cause bitcoin to dump and vice versa.