Topic: Bitcoin or Gold (Read 2346 times)

I think people are more exposed to bitcoin than when it comes to gold for different opinion, but different school in the sense that this current century people are more familiar with bitcoin than with gold and people will literally do anything to get their money invested in bitcoin for a very long time now People have been hearing about bitcoin But just because they don't have the proper knowledge, the purpose of What bitcoin is, and That people I've gotten enough knowledge which makes them interested in bitcoin even if gold and bitcoin gives profit. People will still prefer to go for bitcoin and the question was asked would you prefer bitcoin or gold and as far as this forum is concerned? The number of people that will be interested in investing in bitcoin will be more than that of those that want to invest in gold.

We keep learning every day if not, for now, there was nothing like the digital gold And even with the digital gold 1001 times people who still prefer to invest their money into bitcoin since they are already familiar with the market, I don't really have anything to say about gold investment Since I have never invested in gold before, the only investment I can talk about fully is bitcoin I know that even if you invest in gold, you will also make profit from it.

Between gold and bitcoin, I will always choose bitcoin, because bitcoin is ahead of gold in every way. I think Bitcoin is the best investment. Moreover, Bitcoin is most profitable for long-term holdings. I think gold is a medium for a safe investment, from which there is no possibility of loss, but also does not give much return on a long time holding.

If we look at the development of bitcoin and gold in the previous few years, then the growth of bitcoin prices is a very fast growth than gold, and that makes bitcoin a better investment than gold. However, in essence, I do not recommend people who are easily panicked to invest in bitcoin. This is because they may continue to see the price of bitcoin going up and down quickly. However, if you are ready for the risk, then bitcoin will be better. It all depends on the conditions and readiness of the prospective investor. If he is able to take the risk of bitcoin, and is able to hold it for a long time, then he may be able to get faster profits than gold. However, if he wants an investment that has low fluctuations, and is stable, then gold is a suitable choice. although the profits will not be as fast as bitcoin.

As you said, gold is many times older than bitcoin, so is it correct to say that bitcoin is superior to gold in terms of long term holding? I mean, what guarantees is there that bitcoin can sustain growth forever in the future? What guarantees are there that it will not be dumped in the future and will be recovered?
We all know that the future is unpredictable so the risk is the same whether you hold bitcoin or gold, IMO. Or even in this case gold would still prevail because at least it has been proven to last for thousands of years.

In terms of security, since both have different characteristics, one asset is physical and one asset is digital, there will also be different risks. Storing physical gold would be difficult because it is bulky, but storing bitcoins is also not completely safe because in addition to facing attacks from hackers, the risk also comes from ourselves if we are careless in storing the seed phrase. The level of safety will depend largely on how a person manages his assets.

We all have our opinions on things especially when it comes to investments and what works for me might not work for you, Gold and Bitcoin are both profitable investment but I would go for Bitcoin and if you are doing the same I would also advice that you add Gold to your portfolio as well. Gold can be held physically and less volatile than Bitcoin but in terms of security Bitcoin is way more secured than Gold because it is a digital and decentralized asset. Bitcoin has its ups and downs in price and is capable of making your heart race but it could be your ticket to riches if you use the right strategy while Gold on the other hand is a slow but steady reliable investment that increases in price over time. The choice is entirely yours mate.

I am pretty sure that you were wanting to say "in vogue" rather than "invoke," yet I think that is a very superficial way of trying to view and understand what is going on.

Sure bitcoin is popular right now as compared to bitcoin, yet you still should be considering which is a superior asset (and/or form of money)

Just look at various aspects of money such as scarcity, verifiability, divisibility, fungibility, transportability, costs of storage/securing.  Bitcoin is better than gold in all of the categories... and surely some of the downsides of bitcoin might be risks in regards to its infrastructure holding up which is dependent on various kinds of communication channels.

Also we can look at bitcoin in terms of adoption, which surely becomes somewhat unfair to compare bitcoin to gold since bitcoin is in relatively early stages of adoption and building of various network effects that were outlined by Trace Mayer in 2015.  The point is that relative to gold there should hardly be any kind of expectation in regards to price performance that gold is going to be able to keep up with bitcoin's price appreciation including that bitcoin is ongoingly taking market share from gold since it is superior to gold, too.. and it is being adopted and market share for storage of value ends up moving (and probably has to move) from gold to bitcoin... another way of describing the principles of Gresham's law, too.

The choice of whether to invest in bitcoin or gold is a choice after deep research on what is profitable in your time, and market.

Do you have a sure market where you can trade your gold or bitcoin if you get one? In your current environment is gold or Bitcoin feasible and viable? Back in the days of emperors gold was commonly used for trade but in our digitalized world today bitcoin is more in voke.

You'll also consider how easily accessible your gold or bitcoin can be converted to cash if you need it urgently unless you've q made up your mind that your investment is going to be a real long term one. I would prefer to invest in a product that is invoke, that is familiar in the market so if there's an issue I can get support because there are other people investing in it too than go far off.

This is clear examples, you can see differences between them, Gold is a physical asset while bitcoin is digital asset aspect of involvement the choice is urs, but for me I choose bitcoin to avoid stress, I don't say Gold can give stress but I prefer bitcoin.

That's what I mean when I say that in the end, no investment is without risk because everything has risk, even if not all of it is explicit because in the end, risk can be found in various aspects. For bitcoin we know what the risks are and for gold too of course we understand that when we are not really serious then the risks will also exist, one example is with fakes like this. So that indirectly the claim about risk-free gold is a mistake.

I agree in this case because the point that must be realized from the beginning is that when we want to invest anywhere, we must understand the knowledge first and that can only be done when we study it.
At least before we start investing we understand the basics of what we want to invest in after we start we can deepen it so that we can better manage the way as well as convince ourselves that what we choose is the right thing.

GOLD: Gold has always been known as a fixed asset, gold has been around for thousands of years. The value of gold rises slowly, and gold is also known as a safe investment during financial crises in various countries. Gold can maintain its value well. Gold prices went from below $1,300 in early 2019 to around $2,100 in mid-2020. That means it was much safer during the pandemic of the The COVID-19 pandemic, that time some investors moved away from cryptos and invested in gold as well. and currently Gold Price per Ounce: $2,506.72

BITCOIN: Bitcoin was launched in 2009. That is, it has been launched for almost 15 years from today. Bitcoin's popularity is increasing greatly. Bitcoin is more volatile than gold, it is not always stable like gold. It's value goes up at any time and falls sharply at any time, but it is very well known from the history of Bitcoin that no matter how much the price of Bitcoin goes down, it will definitely go up after some time. This is why Bitcoin is currently the safest and most popular currency as a long-term investment. and currently bitcoin price $57,148.37.

overview:
photo and news link: https://www.investopedia.com/news/should-you-buy-gold-or-bitcoin/

SECURITY GOLD: Gold is a touching substance, when you invest in gold you need to physically provide security for the gold, maybe in a box with you, in one of your lockers, or in your closet or the safest is to keep the gold in a bank locker. Basically you have to physically ensure the safety of your gold.

SECURITY BITCOIN: Bitcoin is the most secure between gold and bitcoin, Bitcoin is untouchable, when you invest bitcoin, it will be in a wallet on any of your devices (software wallet or hardware wallet), and no one in the world will know until you say it yourself.And no hacker can hack your bitcoin, its full control will be in your hand. (But you must choose a secure wallet)



In short, Bitcoin is far ahead of gold in terms of both long-term holding and security.

Both gold and Bitcoin are forms of money. It would be useful here to explain what money is, as most people do not understand it. Money is a social system and a consensus we use to facilitate the exchange of goods and services. It's also important to explain the functions of money to make this clearer. Throughout history, money has taken many forms, from glass beads, shells, copper, lead, aluminum, silver, and cattle, to gold, but money consistently serves only three functions: a store of value (SOV), a unit of account (UOA), and a medium of exchange (MOE). Gold was money for 5,000 years. However, gold did not fulfill all the characteristics that good money should have, which is why it lost the MOE and UOA functions. Gold was difficult to transport, and it wasn't divisible, which is why other metals like silver were used for smaller payments. Easy verification was not possible, as counterfeit gold coins began to appear in large numbers, leading to the emergence of banks and paper money and the current fiat system of central banks. Gold was deposited in bank vaults, and banks issued paper certificates to depositors indicating that they owned gold in the vaults. These paper certificates, known as banknotes or bank records, became a medium of exchange and currency. Later, bankers began printing many more paper certificates than there was gold in the vaults, which led to today's fiat system.

In contrast to gold, Bitcoin has all the characteristics that good money should have: divisibility, portability, durability, scarcity, and easy verification. Bitcoin, like the internet, is neutral. Another misconception that arises is around altcoins. Other cryptocurrencies are a scam and are highly centralized. Altcoins bear superficial similarities to Bitcoin, but they are more like fiat currencies, centralized, where a small group of people determines monetary policy.

We are into bitcoin and for sure majority of our funds is here. We are already familiar on how market moves that's why majority of our investment funds provably in this coin. But I can't say anything bad to gold to. Because this is also a good asset but its just I am more into bitcoin since this one open up good opportunity to us. Although I started to grab some gold together with bitcoin since what I think if we maximize our investment provably we can earn more bigger profit in future.

I think no it depends on how gold market moves since if the price would continuously goes up just like what we are see from gold nowadays. I think the same with bitcoin we can also became rich from gold if we accumulated lots of grams from it or even kilos in future.

Many of us come up with thousands of reasons to explain why they choose bitcoin over gold. But as I said above, the main reason we choose bitcoin is because we need an asset that can take us to wealth and only bitcoin can help us do that.

I also choose bitcoin but I don't think just because we choose bitcoin we can make a negative statement about gold. After all, this is an asset that has been around for thousands of years and is actually useful. Why is it still considered the safest asset in the world? Why do people still want to own it, especially countries that are still buying gold in large quantities?...Gold is not useless and investing in gold is not bad either. But as I said: it doesn't suit our conditions. Investing in gold can only help us avoid inflation, but it cannot make us rich. As middle or even low income earners like us, we need an asset, an investment that can bring high returns, not just price stability and safety. So bitcoin is the best choice for us.

Having both is indeed better, but we must also be able to see our own condition whether we are capable or not yet capable, having the desire for financial freedom is a dream for everyone, therefore we will do anything to achieve financial freedom whether following developments or not. and it is true what you said both have different characteristics, but what is clear is that both of these things are good for our future if we master them well.
if we do have enough money, it is not wrong to have both, but don't forget to consider it carefully so as not to take the wrong step. but besides that it really depends on ourselves by saying which is better depends on our own views and preferences, such as on the previous web I searched for and found a comparison that of course can be a consideration for ourselves.

source : https://www.investopedia.com/news/should-you-buy-gold-or-bitcoin/#:~:text=Regarding%20market%20price%2C%20Bitcoin%20has,gold%20is%20a%20subjective%20argument.

Bitcoin or Gold,

Both are commodities worth owning. They both have distinct qualities, exists in different spaces and are worked in our everyday society.
Gold is backed and have transcends several generations, have variations of uses and the value is determined greatly by scarcity and how rare it’s portrayed.

Bitcoin also have got its qualities, haven’t been around for a decade and overly 3years, it serves both currency and asset purposes whose use case transcends borders and time. It’s highly volatile and have been profitable to hodlers.

So, what’s really stopping you from owning both. Remember, you can diversify and it’s okay.

It is very difficult to discuss with people who are fanatical about one of them, it will be useless, they always force themselves to have one of these two assets, even though they also realize that the middle way is to buy both, no matter which asset is more purchased, the important thing is to buy both, that's where a moderate person will take his steps in determining the middle way with wisely considered risks.

Whatever considerations occur in these two assets, of course, both have their own advantages and for me personally, I still want to change my view and also my family's if for the time being investing in Bitcoin is better than gold. For approximately 8 years that I have known Bitcoin, of course Bitcoin has been able to change many things in my life, especially in the investments that I have made where Bitcoin brings benefits that I did not expect before.

I also agree with your opinion if we have been involved in Bitcoin, then our choice remains Bitcoin. In the investment journey, of course, many things need to be learned and indeed gold is not able to provide a multiple ROI, but Bitcoin has proven that Bitcoin has led many people to become billionaires because Bitcoin has provided an extraordinary ROI such as data on cmc where Bitcoin increased by a percentage of +122048056.62% from its lowest point.

Agree with this. We should have both of these assets because both are good for the future, of course both have different characteristics. Bitcoin for growth and Gold for hedging. So indeed we should have both and stop complicating everything with the debates that often occur.

Gold and crypto are symmetrical. They are not competing, they complement each other in the fight against your savings to achieve financial freedom in the future. Having both is good because when one goes up, the other goes down or vice versa. I invest 50/50 between the two and I think this is a wise choice because both have their advantages and smart people definitely have both.

Bitcoin does not have a form like gold so it is difficult for people to cheat while gold has a physical form and there is often fraud against the authenticity of gold purchased in unofficial places and I have seen people being cheated after buying not real gold. When it comes to any investment, there will always be a risk and I have never seen a form of investment that is completely risk-free when involved in it. Furthermore, when someone builds a business, for example, there is also a risk of failure because we are unable to accurately predict the future about success in that business.

To maintain a more successful form of investment, a person must understand the knowledge so that they can minimize the level of risk generated. If someone does not dare to take risks, then people will never know the level of success that will occur in the investment. Bitcoin can be minimized in risk if invested correctly and it depends on how someone understands the investment journey process that is being undertaken and the risk occurs because people do not understand the journey of bitcoin.

Meanwhile, gold has proven that it can last and perform well for thousands of years, even longer.
Bitcoin has a more limited supply than gold, but gold is not only used for investment and jewelry but is also used in almost every industry in the world.


We need to admit that the reason we choose bitcoin over gold is because bitcoin suits our economic conditions and circumstances better than gold. We all want to be rich, we all want to enjoy life in retirement.

If we invest in gold, an asset that can hedge against inflation but cannot give us 5 or 10 times returns, how can we make our dreams come true? Meanwhile, bitcoin is highly volatile and is a relatively new asset so the growth potential will be greater and that will help us realize our dream of getting rich.

I think that's the main reason why most of us choose bitcoin over gold, myself included.