Topic: Bitcoin or Gold - page 2. (Read 2335 times)
Buy both because they are both different, this discussion is eternal mostly because the question is in error. If you think we're near to solar flares peaking and wiping out most technology across the world, Yellowstone exploding and the return of dinosaurs then its clearly gold. If the world is more complicated then absolute scenarios positive or negative then a combination of multiple asset types is going to be required, own both.
also i would love to choose bitcoin but if i have large amount of fund, i didn’t invest full amount in bitcoin, i will invest some gold because it’s 100% safe assets, and then i will invest in bitcoin it could be long term or short term, if in online security is a big issues, it’s not easy to protect online currencies, so without good security knowledge you can loss your money.
local media reported that there was fake gold that even amounted to 109 tonnes.
With this in mind, we must realise that ultimately nothing is 100 per cent safe.
In addition, bitcoin is also not very suitable for the short term because after all, when talking about investing in bitcoin, the long term is more worth it.
What they only think is about the price appreciation of gold but they didn't realize the risk factor especially if they are new to the scene that there are lots of factors that need to consider before they can get the best with that asset. Since just like what have stated that their are fake gold circulating in the market and to bad if they bought it since that would be a waste of money for new investor who think they can earn more better from this asset. Although I can agree that gold is really a good option but people should be mindful regarding on where they buy their asset to avoid losing money.
Unlike if they buy bitcoin where they can easily spot that this is the right asset to buy. The risk factor that we need to deal with is the volatility but if we know how to handle it well and could able to execute well the good methods that truly can help to ignore such negative things that can bother us then could help to increase our balance then for sure that success to gain profit with bitcoin will definitely happens. Also bitcoin supply is limited so provably that growth is more visible or faster to happen with this coin especially if lots of demands will came.
local media reported that there was fake gold that even amounted to 109 tonnes.
With this in mind, we must realise that ultimately nothing is 100 per cent safe.
In addition, bitcoin is also not very suitable for the short term because after all, when talking about investing in bitcoin, the long term is more worth it.
Without anyone telling me this, I already knew that there are fake Gold but Bitcoin is not fake actually, it is just that the price of Bitcoin is not stable but we can invest on it for long term and make profits more than investing on it for short terms. With this in mind, we must realise that ultimately nothing is 100 per cent safe.
In addition, bitcoin is also not very suitable for the short term because after all, when talking about investing in bitcoin, the long term is more worth it.
Gold has existed from many years but look at were it is now, I do not think that it have any more potentials like bitcoin, and Bitcoin is only 16 year now but there is more potentials that it is going to go further in the next 10 years. The reason why Bitcoin is superior to gold is because it is decentralize.
So in this case nothing is risk-free because everything has its own risks including when we are in gold or in bitcoin.
For other things I don't need to give any tips including comparing which one is the best because everyone has their own views on this but certainly for now for me personally bitcoin is bitcoin where they are there to make my finances change for the better (at least that is my belief for now).
local media reported that there was fake gold that even amounted to 109 tonnes.
With this in mind, we must realise that ultimately nothing is 100 per cent safe.
In addition, bitcoin is also not very suitable for the short term because after all, when talking about investing in bitcoin, the long term is more worth it.
Without anyone telling me this, I already knew that there are fake Gold but Bitcoin is not fake actually, it is just that the price of Bitcoin is not stable but we can invest on it for long term and make profits more than investing on it for short terms. With this in mind, we must realise that ultimately nothing is 100 per cent safe.
In addition, bitcoin is also not very suitable for the short term because after all, when talking about investing in bitcoin, the long term is more worth it.
Gold has existed from many years but look at were it is now, I do not think that it have any more potentials like bitcoin, and Bitcoin is only 16 year now but there is more potentials that it is going to go further in the next 10 years. The reason why Bitcoin is superior to gold is because it is decentralize.
Apart from that, investing in Bitcoin will of course be better to apply for the long term or for our old age. Because the limited supply will make bitcoin increasingly rare and legally the price will strengthen significantly if demand is greater. For that, buy regularly either with the DCA strategy or with other strategies, use your time to invest in bitcoin for your future.
In terms of development, of course Bitcoin has controlled the world because we can transact anywhere without a third party. Many large companies also continue to buy Bitcoin and hold it.
Also, many of them, from young to old, have shown great interest in investing in bitcoin, every day new investors join bitcoin and of course you can understand that Bitcoin is the best for now or for the years to come.
I think if you want to really invest your money, Bitcoin is better than gold, because I believe that it will give better profit in long term.
Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin.
Choose which one do you want the most.
Gold is not even close to better than bitcoin in regards to trying to be "safe", unless you already have gold exchanges around you and in your community. If you are trying to learn about gold, you are probably going to be worse off in terms of trying to find where to buy and sell it. And, also if you go in to gold, you are going to just continue to lose value, especially compared to bitcoin... maybe you might be able to hold value relative to the dollar, but that is even questionable since bitcoin is going to continue to eat gold's lunch in terms of value continuing to gravitate into bitcoin from gold, just as it has been doing for the past 15 years in really exponential ways.Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin.
Choose which one do you want the most.
If you said so, does that mean that Bitcoin is better than gold in every aspect?
Well, you have to figure out your own calculations in terms of whether there is any value in having gold rather than bitcoin, so frequently I suggest that there is no need to have any gold, but if you either have gold and you are used to it or you have some kind of an attraction for gold, then perhaps limit your gold investment to no more than 5% the size of your bitcoin investment.
Of course, you can do what you want and come to whatever assessment that you like and there are potentially some areas in which gold is less bad as compared to bitcoin, but still in the whole scheme of things bitcoin is likely around 1,000x better than gold in terms of the various important and material monetary properties that include but are not limited to:
scarcity
transportability
costs of holding/transporting (needs for 3rd parties)
divisibility
durability
verifiability
store of value (ability to transport in time)
You can place your own values on each of these items or even suggest that stability (or lack of volatility) is an attribute, and that is up to you. Surely bitcoin is in fairly early stages of adoption, including controversy over its value, so bitcoin is inevitably going to be volatile while it is continuing to find its price and likely to become less volatile as it increases in market cap.. perhaps when bitcoin is going through the 10x to 1,000x phase of surpassing gold's market cap it will be less volatile than it is now, yet if we already know that bitcoin is currently volatile for much time into the future, we can choose our position size in accordance with such known situation.
So if bitcoin is currently priced about 1/15th of gold in terms of market cap and it is most likely 1,000x more valuable than gold then it could take 50-200 years to get to such price settling amounts, and you can choose to make other kinds of assessments, and even if someone knows bitcoin is around 1,000x more valuable than gold, that still does not even mean that such persons have to go crazy for bitcoin, just make reasonable investments into it and even potentially hedging that the price of things sometimes take a while to work themselves out in the market, so there is no need to go apeshit crazy in buying bitcoin merely due to recognizing its superior value status as compared to gold (and as compared to most other assets, too).
It is possible to keep feet in each world of value systems, and in various ways gold has been being largely demonetized for the last 100 years or more - just like silver has largely been demonetized, so if you are betting on gold (or silver) being remonetized, then those surely seem like much greater long shot bets as compared to whatever position that you might consider that bitcoin has compared to gold, even if you don't agree with or accept that bitcoin is 1,000x or more better than gold, you still might be able to appreciate some other variation in terms of that bitcoin is quite likely not 1/15th the value of gold (as it is currently priced), and yeah, you can conclude what ever you like in terms of the various numbers in regards to where we are at now, where we came from and/or where we are likely to go. There is nothing wrong with differing in opinions in regards to these kinds of assessments, and hopefully each of us are attempting to establish and/or maintain position sizes that reflect our own assessments, financial abilities and psychology rather than following the assessments, financial abilities and psychology of someone else.
I guess you are a better person to describe what I had in mind, thank you for giving me some insight. As you can see I'm still a newbie and I was asking for genuine question of of curiosity.
Although, I agree that this kind of topic is highly subjective and argumentative when it comes how we value these to insruments of investments, what you said is really does make sense and add more to my own definition of value that I have in mind about Bitcoin.
local media reported that there was fake gold that even amounted to 109 tonnes.
With this in mind, we must realise that ultimately nothing is 100 per cent safe.
In addition, bitcoin is also not very suitable for the short term because after all, when talking about investing in bitcoin, the long term is more worth it.
Without anyone telling me this, I already knew that there are fake Gold but Bitcoin is not fake actually, it is just that the price of Bitcoin is not stable but we can invest on it for long term and make profits more than investing on it for short terms. With this in mind, we must realise that ultimately nothing is 100 per cent safe.
In addition, bitcoin is also not very suitable for the short term because after all, when talking about investing in bitcoin, the long term is more worth it.
Gold has existed from many years but look at were it is now, I do not think that it have any more potentials like bitcoin, and Bitcoin is only 16 year now but there is more potentials that it is going to go further in the next 10 years. The reason why Bitcoin is superior to gold is because it is decentralize.
I think if you want to really invest your money, Bitcoin is better than gold, because I believe that it will give better profit in long term.
Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin.
Choose which one do you want the most.
Gold is not even close to better than bitcoin in regards to trying to be "safe", unless you already have gold exchanges around you and in your community. If you are trying to learn about gold, you are probably going to be worse off in terms of trying to find where to buy and sell it. And, also if you go in to gold, you are going to just continue to lose value, especially compared to bitcoin... maybe you might be able to hold value relative to the dollar, but that is even questionable since bitcoin is going to continue to eat gold's lunch in terms of value continuing to gravitate into bitcoin from gold, just as it has been doing for the past 15 years in really exponential ways.Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin.
Choose which one do you want the most.
If you said so, does that mean that Bitcoin is better than gold in every aspect?
Well, you have to figure out your own calculations in terms of whether there is any value in having gold rather than bitcoin, so frequently I suggest that there is no need to have any gold, but if you either have gold and you are used to it or you have some kind of an attraction for gold, then perhaps limit your gold investment to no more than 5% the size of your bitcoin investment.
Of course, you can do what you want and come to whatever assessment that you like and there are potentially some areas in which gold is less bad as compared to bitcoin, but still in the whole scheme of things bitcoin is likely around 1,000x better than gold in terms of the various important and material monetary properties that include but are not limited to:
scarcity
transportability
costs of holding/transporting (needs for 3rd parties)
divisibility
durability
verifiability
store of value (ability to transport in time)
You can place your own values on each of these items or even suggest that stability (or lack of volatility) is an attribute, and that is up to you. Surely bitcoin is in fairly early stages of adoption, including controversy over its value, so bitcoin is inevitably going to be volatile while it is continuing to find its price and likely to become less volatile as it increases in market cap.. perhaps when bitcoin is going through the 10x to 1,000x phase of surpassing gold's market cap it will be less volatile than it is now, yet if we already know that bitcoin is currently volatile for much time into the future, we can choose our position size in accordance with such known situation.
So if bitcoin is currently priced about 1/15th of gold in terms of market cap and it is most likely 1,000x more valuable than gold then it could take 50-200 years to get to such price settling amounts, and you can choose to make other kinds of assessments, and even if someone knows bitcoin is around 1,000x more valuable than gold, that still does not even mean that such persons have to go crazy for bitcoin, just make reasonable investments into it and even potentially hedging that the price of things sometimes take a while to work themselves out in the market, so there is no need to go apeshit crazy in buying bitcoin merely due to recognizing its superior value status as compared to gold (and as compared to most other assets, too).
It is possible to keep feet in each world of value systems, and in various ways gold has been being largely demonetized for the last 100 years or more - just like silver has largely been demonetized, so if you are betting on gold (or silver) being remonetized, then those surely seem like much greater long shot bets as compared to whatever position that you might consider that bitcoin has compared to gold, even if you don't agree with or accept that bitcoin is 1,000x or more better than gold, you still might be able to appreciate some other variation in terms of that bitcoin is quite likely not 1/15th the value of gold (as it is currently priced), and yeah, you can conclude what ever you like in terms of the various numbers in regards to where we are at now, where we came from and/or where we are likely to go. There is nothing wrong with differing in opinions in regards to these kinds of assessments, and hopefully each of us are attempting to establish and/or maintain position sizes that reflect our own assessments, financial abilities and psychology rather than following the assessments, financial abilities and psychology of someone else.
also i would love to choose bitcoin but if i have large amount of fund, i didn’t invest full amount in bitcoin, i will invest some gold because it’s 100% safe assets, and then i will invest in bitcoin it could be long term or short term, if in online security is a big issues, it’s not easy to protect online currencies, so without good security knowledge you can loss your money.
local media reported that there was fake gold that even amounted to 109 tonnes.
With this in mind, we must realise that ultimately nothing is 100 per cent safe.
In addition, bitcoin is also not very suitable for the short term because after all, when talking about investing in bitcoin, the long term is more worth it.
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... 
If bitcoin was able to make a lot of progress within 10 or 20 years, then how much more in the next possible years to come. Do not just do the computation, but make a final move. While bitcoin is a good and safe haven investment, bitcoin is more than that. You'll definitely become extremely rich if you know how to make advantage every opportunity that comes. However, if OP wants a safe investment, maybe gold is suitable for him. However, if he wants a slightly risky investment, then bitcoin is the choice.
Just because you have a lot of money, it does not become safer to invest into gold. That is dumb.
Of course, if a person is new to investing, he might need to choose only one asset to invest into inorder to not dilute his money.. so for example a person could start out by only investing into bitcoin and cash. and the cash is largely just to make sure he has enough for expenses (assuming that his cashflow is also in cash), and then if he gets up to a certain higher level of savings/investment such as more than 1 year of his expenses ONLY in bitcoin, then maybe he might choose (upon his discretion) to diversify into other assets, and gold does not need to be one of the assets in which he diversifies, so he could diversify into properties, equities (stocks), bonds, and commodities, as well as whatever level of cash/cash equivalents that he chooses to hold.
Gold does not need to be part of the package unless maybe there might be some desire to prepare for Armageddon, then maybe perhaps up to 5% of the bitcoin size might be optionally invested in gold in order to prepare for Armageddon-like scenarios.
and then i will invest in bitcoin it could be long term or short term,
Bitcoin should be long term and not short term. Bitcoin is amongst the best if not the best of assets currently available, so it would be stupid to be trading it.
if in online security is a big issues, it’s not easy to protect online currencies, so without good security knowledge you can loss your money.
Of course, with bitcoin everyone should be attempting to learn how to secure their bitcoin rather than holding it with a third-party, yet if he is just learning and getting started, then he might hold with a third party while he is learning, but if he has a lot of value, then he should be trying to learn quickly in regards to how to secure his coins, whether it is with a hardware wallet like Trezor or some similar kind of other hardware wallet, such as cold card, passport or jade or there might be some others that are acceptable and open source. https://thebitcoinhole.com/
I think if you want to really invest your money, Bitcoin is better than gold, because I believe that it will give better profit in long term.
Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin.
Choose which one do you want the most.
Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin.
Choose which one do you want the most.
Gold is not even close to better than bitcoin in regards to trying to be "safe", unless you already have gold exchanges around you and in your community. If you are trying to learn about gold, you are probably going to be worse off in terms of trying to find where to buy and sell it. And, also if you go in to gold, you are going to just continue to lose value, especially compared to bitcoin... maybe you might be able to hold value relative to the dollar, but that is even questionable since bitcoin is going to continue to eat gold's lunch in terms of value continuing to gravitate into bitcoin from gold, just as it has been doing for the past 15 years in really exponential ways.
If you said so, does that mean that Bitcoin is better than gold in every aspect?
also i would love to choose bitcoin but if i have large amount of fund, i didn’t invest full amount in bitcoin, i will invest some gold because it’s 100% safe assets, and then i will invest in bitcoin it could be long term or short term, if in online security is a big issues, it’s not easy to protect online currencies, so without good security knowledge you can loss your money.
I see the issue of security as a minor and should not be seen as a reason for not investing in bitcoin or other online currencies since there's no maximum security guarantee nowhere. It is good to always diversify your investment but when comparing between these two (bitcoin and gold), the former seems to be advantageous over the latter. Bitcoin is open to all irrespective of where you are so long as you have access to network and wallet but gold is easily accessible for everyone to invest. Mind you, no asset is 100% safe for investment, there's risk no matter how small it is. Remember, the higher the risk, the bigger the profit but you need to play smart.Your statement about always diversifying is not correct. Diversification can serve as a way to preserve your wealth, yet anyone in their earliest stages of investing will likely start from one investment at a time, and so if someone is new to investing, it makes no sense for them to get into a bunch of things at once. Accordingly, there is no reason not to just start out with both bitcoin and cash, and figure out the proportions. The cash serves as back up funds of various sorts and perhaps as a means to offset some of bitcoin's inevitable volatility. We know getting into bitcoin it is inevitably going to be volatile and we are not 100% assured that the BTC price is going to go up, yet if we spend time accumulating it then once the bitcoin holdings get to a certain size, then we might consider diversifying, whether that is after it gets to 1-2 years of expenses or some other size, we can determine when we would like to spread out our investment beyond just bitcoin and cash.. including a consideration that it could take 5-10 years or longer just to build up an investment to be the size of something like 1-2 years of expenses, partly depending on how much is regularly invested (such as using DCA) and also if the investment might appreciate in value during the time of investing.. and no guarantees on that either... but there is no need to buy gold for the mere sake of it or for the mere sake of diversifying.. except if you cannot resist investing in gold, at least keep it to a somewhat small portion of the size of your bitcoin holdings..perhaps 5% or less... but yeah, people can decide what they like, but there is no requirement or even supposed smartness in diversifying, especially for folks in their first several years of investing.. and the point at which diversification becomes more important as a consideration comes moreso from the growth of the investments that will also help to inform whether and/or how much to diversify into other asset categories, which would traditionally be thought of as equities (stocks), bonds, properties, commodities, cash/cash equivalents.
also i would love to choose bitcoin but if i have large amount of fund, i didn’t invest full amount in bitcoin, i will invest some gold because it’s 100% safe assets, and then i will invest in bitcoin it could be long term or short term, if in online security is a big issues, it’s not easy to protect online currencies, so without good security knowledge you can loss your money.
I see the issue of security as a minor and should not be seen as a reason for not investing in bitcoin or other online currencies since there's no maximum security guarantee nowhere. It is good to always diversify your investment but when comparing between these two (bitcoin and gold), the former seems to be advantageous over the latter. Bitcoin is open to all irrespective of where you are so long as you have access to network and wallet but gold is easily accessible for everyone to invest. Mind you, no asset is 100% safe for investment, there's risk no matter how small it is. Remember, the higher the risk, the bigger the profit but you need to play smart.
As much as gold is in demand in the global market, the demand for Bitcoin is several times higher than gold. Because between gold and bitcoin you will only make the price difference, gold has been going through the same situation in the market for a long time and the price is the lowest. But Bitcoin is completely different it has been in the market for a short period of time although it has spread all over the world and has the highest number of investments worldwide. Bitcoin has grown tremendously in just a few days, and investing here will keep your money safe. Since the market has been faithfully maintained for a long time, if you are holding gold, there is a high chance of it getting lost or falling into the hands of robbers, robbers, etc. But investing in bitcoins is the most secure as no one will know you have bitcoins.
i also agree with you, Bitcoin is a thousand times better than gold, because currently the demand for bitcoin is much higher than gold in terms of investment. Gold is a safe medium of risk-free money storage. But Bitcoin is the best choice for long term investment. The demand for Bitcoin is constantly increasing and the number of investors is also increasing. It will provide huge returns due to long time holding. In this case gold can never give you that much return. Again physically bitcoins are safer than gold, because no one can ever take your bitcoins except you, and no one will know you have bitcoins unless you say you own them. But in this case gold is a tangible asset, anyone can take your gold from you by force. So you should definitely invest in Bitcoin, Bitcoin will give you more benefits than gold in many ways and more returns than gold. 
As much as gold is in demand in the global market, the demand for Bitcoin is several times higher than gold. Because between gold and bitcoin you will only make the price difference, gold has been going through the same situation in the market for a long time and the price is the lowest. But Bitcoin is completely different it has been in the market for a short period of time although it has spread all over the world and has the highest number of investments worldwide. Bitcoin has grown tremendously in just a few days, and investing here will keep your money safe. Since the market has been faithfully maintained for a long time, if you are holding gold, there is a high chance of it getting lost or falling into the hands of robbers, robbers, etc. But investing in bitcoins is the most secure as no one will know you have bitcoins.
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...
If bitcoin was able to make a lot of progress within 10 or 20 years, then how much more in the next possible years to come. Do not just do the computation, but make a final move. While bitcoin is a good and safe haven investment, bitcoin is more than that. You'll definitely become extremely rich if you know how to make advantage every opportunity that comes. I guess you wanted to say that "gold" is a good & safe investment, but Bitcoin is more than that. A little mistake... I agree with you completely here, bitcoin is a lot more than just investment, and I still believe that bitcoin can be a game changer that this world needs.
If someone is hesitating between bitcoin and gold then they should invest in both... as you wrote, gold is a safer option and there is no mistake with gold. The price of gold will never stop rising, slowly but surely the money invested in gold will retain and probably gain in value. But Bitcoin has much more potential for growth, and I think it is certain that Bitcoin will continue to break records in the future.
There are quite a number of reason why I would pick Bitcoin
One is it's not easy to convert Gold to cash in my country and even if you can it would be way lower than the market price.
It's been existing for a very long time so has gotten quite far in its growth and acceptability
While Bitcoin is relatively young and still growing
I'd prefer a started Rocket than a car already in transit.
Mind you not disputing the advantage of holding Gold, but Bitcoin is almost always better at everything Gold can do especially in the long run.
Luna wasn't volatile, it was even a Stable coin but we all know what happened.
The safety Gold provide is the trust people has for it against inflation and this ain't fully constant.
There has always been situations where Gold has fallen due to various reason.
If it was so safe and trusted investors wouldn't even consider many investment an option.
Gold rises because inflation increases the price of everything except Fiat.
In a nutshell Fiat falls in relation to other assets due to inflation.
Sorry to ask for this. Isn't there no coin that can be compared to bitcoin?One is it's not easy to convert Gold to cash in my country and even if you can it would be way lower than the market price.
It's been existing for a very long time so has gotten quite far in its growth and acceptability
While Bitcoin is relatively young and still growing
I'd prefer a started Rocket than a car already in transit.
Mind you not disputing the advantage of holding Gold, but Bitcoin is almost always better at everything Gold can do especially in the long run.
I think if you want to really invest your money, Bitcoin is better than gold, because I believe that it will give better profit in long term.
Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin.
Choose which one do you want the most.
Volatility doesn't equal safety. Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin.
Choose which one do you want the most.
Luna wasn't volatile, it was even a Stable coin but we all know what happened.
The safety Gold provide is the trust people has for it against inflation and this ain't fully constant.
There has always been situations where Gold has fallen due to various reason.
If it was so safe and trusted investors wouldn't even consider many investment an option.
Gold rises because inflation increases the price of everything except Fiat.
In a nutshell Fiat falls in relation to other assets due to inflation.
Therefore projects like Luna have different cases and fundamentals than Bitcoin, and usually mot people only compare Bitcoin to gold because of the digital gold narrative that is always attached to Bitcoin. I think that's the reason why OP created this topic.
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...
For me bitcoin is good than gold base on the development, gold price is also rising but not as much as the bitcoin price development from the 2009 until 2024 the bitcoin wins compare to gold, if you wanted a big profit bitcoin is really good for you but you need to hold it with patience because it needs time. 
There are quite a number of reason why I would pick Bitcoin
One is it's not easy to convert Gold to cash in my country and even if you can it would be way lower than the market price.
It's been existing for a very long time so has gotten quite far in its growth and acceptability
While Bitcoin is relatively young and still growing
I'd prefer a started Rocket than a car already in transit.
Mind you not disputing the advantage of holding Gold, but Bitcoin is almost always better at everything Gold can do especially in the long run.
Luna wasn't volatile, it was even a Stable coin but we all know what happened.
The safety Gold provide is the trust people has for it against inflation and this ain't fully constant.
There has always been situations where Gold has fallen due to various reason.
If it was so safe and trusted investors wouldn't even consider many investment an option.
Gold rises because inflation increases the price of everything except Fiat.
In a nutshell Fiat falls in relation to other assets due to inflation.
One is it's not easy to convert Gold to cash in my country and even if you can it would be way lower than the market price.
It's been existing for a very long time so has gotten quite far in its growth and acceptability
While Bitcoin is relatively young and still growing
I'd prefer a started Rocket than a car already in transit.
Mind you not disputing the advantage of holding Gold, but Bitcoin is almost always better at everything Gold can do especially in the long run.
I think if you want to really invest your money, Bitcoin is better than gold, because I believe that it will give better profit in long term.
Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin.
Choose which one do you want the most.
Volatility doesn't equal safety. Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin.
Choose which one do you want the most.
Luna wasn't volatile, it was even a Stable coin but we all know what happened.
The safety Gold provide is the trust people has for it against inflation and this ain't fully constant.
There has always been situations where Gold has fallen due to various reason.
If it was so safe and trusted investors wouldn't even consider many investment an option.
Gold rises because inflation increases the price of everything except Fiat.
In a nutshell Fiat falls in relation to other assets due to inflation.
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...
If bitcoin was able to make a lot of progress within 10 or 20 years, then how much more in the next possible years to come. Do not just do the computation, but make a final move. While bitcoin is a good and safe haven investment, bitcoin is more than that. You'll definitely become extremely rich if you know how to make advantage every opportunity that comes. However, if OP wants a safe investment, maybe gold is suitable for him. However, if he wants a slightly risky investment, then bitcoin is the choice.
Just because you have a lot of money, it does not become safer to invest into gold. That is dumb.
Of course, if a person is new to investing, he might need to choose only one asset to invest into inorder to not dilute his money.. so for example a person could start out by only investing into bitcoin and cash. and the cash is largely just to make sure he has enough for expenses (assuming that his cashflow is also in cash), and then if he gets up to a certain higher level of savings/investment such as more than 1 year of his expenses ONLY in bitcoin, then maybe he might choose (upon his discretion) to diversify into other assets, and gold does not need to be one of the assets in which he diversifies, so he could diversify into properties, equities (stocks), bonds, and commodities, as well as whatever level of cash/cash equivalents that he chooses to hold.
Gold does not need to be part of the package unless maybe there might be some desire to prepare for Armageddon, then maybe perhaps up to 5% of the bitcoin size might be optionally invested in gold in order to prepare for Armageddon-like scenarios.
and then i will invest in bitcoin it could be long term or short term,
Bitcoin should be long term and not short term. Bitcoin is amongst the best if not the best of assets currently available, so it would be stupid to be trading it.
if in online security is a big issues, it’s not easy to protect online currencies, so without good security knowledge you can loss your money.
Of course, with bitcoin everyone should be attempting to learn how to secure their bitcoin rather than holding it with a third-party, yet if he is just learning and getting started, then he might hold with a third party while he is learning, but if he has a lot of value, then he should be trying to learn quickly in regards to how to secure his coins, whether it is with a hardware wallet like Trezor or some similar kind of other hardware wallet, such as cold card, passport or jade or there might be some others that are acceptable and open source. https://thebitcoinhole.com/
I think if you want to really invest your money, Bitcoin is better than gold, because I believe that it will give better profit in long term.
Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin.
Choose which one do you want the most.
Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin.
Choose which one do you want the most.
Gold is not even close to better than bitcoin in regards to trying to be "safe", unless you already have gold exchanges around you and in your community. If you are trying to learn about gold, you are probably going to be worse off in terms of trying to find where to buy and sell it. And, also if you go in to gold, you are going to just continue to lose value, especially compared to bitcoin... maybe you might be able to hold value relative to the dollar, but that is even questionable since bitcoin is going to continue to eat gold's lunch in terms of value continuing to gravitate into bitcoin from gold, just as it has been doing for the past 15 years in really exponential ways.
I think if you want to really invest your money, Bitcoin is better than gold, because I believe that it will give better profit in long term.
Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin.
Choose which one do you want the most.
Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin.
Choose which one do you want the most.
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...
If bitcoin was able to make a lot of progress within 10 or 20 years, then how much more in the next possible years to come. Do not just do the computation, but make a final move. While bitcoin is a good and safe haven investment, bitcoin is more than that. You'll definitely become extremely rich if you know how to make advantage every opportunity that comes. However, if OP wants a safe investment, maybe gold is suitable for him. However, if he wants a slightly risky investment, then bitcoin is the choice.
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