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Topic: Bitcoin or Gold - page 11. (Read 2316 times)

newbie
Activity: 5
Merit: 0
June 25, 2024, 02:40:59 PM
#8
yes, but some experts, also the Rich dad poor dad author meaning it will reach the million dollar mark. What do you think guys?
legendary
Activity: 2198
Merit: 1663
June 25, 2024, 02:36:33 PM
#7
Ask this question on a bitcoin forum, people tell you to buy Bitcoin.
Ask this question on a gold forum, people tell you to buy gold.
Thats a good and you will be right.
But of course I would also say bitcoin, but a little gold you can also have, so I would also buy a little gold. But the majority in bitcoin, of course. And digital gold will continue to develop from year to year and more and more people will get to know bitcoin and buy it. If you look at the last 10 years, that is exactly whats happened and it is that what happen in the next few years. So in the long term you should own bitcoin if you ask me, but Im also on a bitcoin forum and I like bitcoin. But you can also buy cars and sell them in 10 years and speculate with them, but bitcoin is cheaper over the years, so bitcoin will be the easiest way and the best way.
legendary
Activity: 994
Merit: 1267
Lightning network is good with small amount of BTC
June 25, 2024, 02:21:55 PM
#6
To be honest, I don't see it that way. I put the same effort into protecting my private key/mnemonic code as I do for my physical gold. I think you have to, because both mean immense financial damage in the event of unauthorized access.
Gold will give me stress. Or I can save it in places that will charge me money as service fee. Bitcoin is the opposite. I can easily create 2 of 3 multisig wallet, or go for a hardware wallet that is airgapped or airgapped wallet like Electrum cold storage and use passphrase with it. This is far more easier than protecting gold. I can have bitcoin without going out of my home and no one will know I have it.

The mnemonic code/private key is probably even more difficult to protect,
No

If I have huge amount of bitcoin, I will get a airgapped hardware wallet, get a software wallet and create 2 of 2 multisig. This is far easier than protecting gold. Or get 2 airgapped hardware wallets and 1 software wallet to create 2 of 3 multisig.
legendary
Activity: 2296
Merit: 2721
Top Crypto Casino
June 25, 2024, 02:15:50 PM
#5
Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... Grin
Bitcoin is having high market cap now. Do not expect the price to continue to rise at it increased in the past. But it can still be an asset that its value can be increasing just like gold. I prefer bitcoin because I am more secure with it because I can protect my coins than something physical like gold.
To be honest, I don't see it that way. I put the same effort into protecting my private key/mnemonic code as I do for my physical gold. I think you have to, because both mean immense financial damage in the event of unauthorized access.

The mnemonic code/private key is probably even more difficult to protect, as a software or hardware vulnerability (e.g. in Ledger's code) would also enable an attack via the Internet. This is of course not the case with gold, where an attacker would actually need physical access to the safe deposit box, the vault or the mattress under which the gold is stored.
member
Activity: 239
Merit: 59
a young loner on a crusade
June 25, 2024, 02:14:06 PM
#4
Ask this question on a bitcoin forum, people tell you to buy Bitcoin.
Ask this question on a gold forum, people tell you to buy gold.
legendary
Activity: 994
Merit: 1267
Lightning network is good with small amount of BTC
June 25, 2024, 02:12:10 PM
#3
Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... Grin
Bitcoin is having high market cap now. Do not expect the price to continue to rise at it increased in the past. But it can still be an asset that its value can be increasing just like gold. I prefer bitcoin because I am more secure with it because I can protect my coins than something physical like gold.
legendary
Activity: 966
Merit: 1042
#SWGT CERTIK Audited
June 25, 2024, 02:01:50 PM
#2
Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... Grin

What ?

Buying BTC 20 years ago like really, I wasn't aware of the 20th anniversary of Bitcoin, as far as I know in my newbie knowledge base Bitcoin first traded in Jan 2009.

Correct me if I'm wrong anyway buddy be sure before taking any decision as Gold is stable you've said it yourself, Bitcoin is a risky investment market asset, and it is highly volatile, as you cant be sure as you are buying on right time or not so if you want to make some investment never go for all in once, adopt DCA in order to manage risk while accumulating, ahh I won't bore you with DCA and hybrid strategies description people discussed it tons of times you can find those topics I will add in the edit of this post if possible.

Note: Do not take any action, on someone's advice or in greed take your time and study both first in basics then start making up your mind. I'm a Bitcoin fan but it's your valuable asset don't just waste/risk it on someone's recommendation. Because profit and loss are all yours.


Edit:
Some of my topics might help you, I won't say read my posts just have the overview of the discussion of the thread you'll get the different views of people.

Things to keep in mind before accumulation of Bitcoin
Can BTC be a revolution for underdeveloped countries'/ as Inflation Solution?
Things you should know in basics of Bitcoin network - Beginner's Guide V1
CEXs vs DEXs & Spot vs Future - Tips and Suggestions (V2)

Other Author I know:

"Lump sum Vs DCA" for Bitcoin Accumulation
DCA method Recommended to read other user's views as OP hasn't described enough.
newbie
Activity: 5
Merit: 0
June 25, 2024, 01:51:04 PM
#1
Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... Grin
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