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Topic: Bitcoin or Gold - page 5. (Read 777 times)

full member
Activity: 812
Merit: 210
June 26, 2024, 01:34:32 AM
#25
As it is a fact that a lot of users here will surely advise to get a hold of bitcoin, better weigh your options here. It depends on your financial capability as both assets have pros and cons. Now, if you are serious in considering which one would suit you best, better laid out your options here. If you have more than enough, it is best to explore your opportunities in both assets. Do remember about the popular saying on investments - "Don't put all your eggs in one basket."
When deciding to invest, of course we have to be able to consider our financial capabilities because if we can only afford to invest in one field, of course it would be better for us to only invest in one field so that we can carry out the investment we are carrying out well because if we force ourselves to carry out two types of investments and we are not able to carry them out well, of course this will cause us to suffer losses on the investments we make. Of course this is not someone's goal in running an investment.

You are right, it would be better for us to consider the type of investment we are carrying out because when we have a good understanding of the type of investment we are going to carry out, of course we will be able to get profitable results from that investment and this is the goal of everyone who invests. This saying is very true, but to be able to run several types of investment well, it would be better, we must first understand these two types of investment well so that we can run them well and generate profits.
legendary
Activity: 1750
Merit: 1094
Assalamu Alekum
June 26, 2024, 01:25:19 AM
#24
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
Your asking the right question in the wrong place my friend. I don’t see how you would be in a Bitcoinforum and be expecting that anyone advice you against taking Bitcoin investment for a Gold alternative. It’s what you wouldn’t get so, you might as well take that to social media to get diverse ideas from various persons whom might not be Bitcoin enthusiasts like the rest of us on here.
Personally, I’ve not had the thought of taking gold for an investment since i discovered Bitcoin and the potentials it’s got. Gold has got time on it but, the technology behind Bitcoin speaks of a futuristic currency, more than I can say for gold. Let’s not forget it’s history and how it’s been able to surpass all odds to make a point.

As it is a fact that a lot of users here will surely advise to get a hold of bitcoin, better weigh your options here. It depends on your financial capability as both assets have pros and cons. Now, if you are serious in considering which one would suit you best, better laid out your options here. If you have more than enough, it is best to explore your opportunities in both assets. Do remember about the popular saying on investments - "Don't put all your eggs in one basket."

It would be a lame and unfair comparison to ask questions between bitcoin and gold on a purely bitcoin forum. Indeed, choosing to invest in gold or bitcoin will depend on each person's financial ability. Most people here will choose bitcoin because almost no one is rich and everyone wants to get rich with little capital so it's no surprise that we will choose bitcoin instead of gold.
Personally I am also focusing more on bitcoin and I don't own too much gold at this stage but if my financial situation gets better in the future. Diversifying into gold is something I would definitely do because putting all my eggs in one basket is too risky even if it is bitcoin or gold.
hero member
Activity: 1722
Merit: 801
June 25, 2024, 09:00:28 PM
#23
As it is a fact that a lot of users here will surely advise to get a hold of bitcoin, better weigh your options here. It depends on your financial capability as both assets have pros and cons. Now, if you are serious in considering which one would suit you best, better laid out your options here. If you have more than enough, it is best to explore your opportunities in both assets. Do remember about the popular saying on investments - "Don't put all your eggs in one basket."
Both gold and Bitcoin can help investors to get good ROIs in long term but Bitcoin since 2009 has better ROI than gold.

It's hard to say what is better because better has to be decided from perspectives of the old and the young investors. They have different views about the society, economy and has different available time budget ahead for their investment and financial freedom.

With the elderly, they have to reduce risk and find things that has smallest risk because with them, they have no longer more time to live, to correct mistakes in investment.

Why Bitcoin, why not?
hero member
Activity: 839
Merit: 1004
June 25, 2024, 08:05:24 PM
#22
...should I invest in Gold or Bitcoin...

I'm personally very happy with my investment in both.

Your situation is, of course, unique to you. 
legendary
Activity: 3122
Merit: 1102
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June 25, 2024, 07:54:32 PM
#21
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
Your asking the right question in the wrong place my friend. I don’t see how you would be in a Bitcoinforum and be expecting that anyone advice you against taking Bitcoin investment for a Gold alternative. It’s what you wouldn’t get so, you might as well take that to social media to get diverse ideas from various persons whom might not be Bitcoin enthusiasts like the rest of us on here.
Personally, I’ve not had the thought of taking gold for an investment since i discovered Bitcoin and the potentials it’s got. Gold has got time on it but, the technology behind Bitcoin speaks of a futuristic currency, more than I can say for gold. Let’s not forget it’s history and how it’s been able to surpass all odds to make a point.

As it is a fact that a lot of users here will surely advise to get a hold of bitcoin, better weigh your options here. It depends on your financial capability as both assets have pros and cons. Now, if you are serious in considering which one would suit you best, better laid out your options here. If you have more than enough, it is best to explore your opportunities in both assets. Do remember about the popular saying on investments - "Don't put all your eggs in one basket."
full member
Activity: 1428
Merit: 135
★Bitvest.io★ Play Plinko or Invest!
June 25, 2024, 07:41:32 PM
#20
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
I think both will be a good investment. As youve said, gold is much more stable, which means there is a little volatility or movement in the market, and that is the beauty of bitcoin. As it is volatile, you can see many different opportunities to enter the market. If you know how to navigate and take advantage of that volatility, then you are good. You could earn a lot in bitcoin, and of course bitcoin is subject to long-term holdings. So if you just want to chill and want your money to grow even if you are not doing anything, just letting it sit there, then holding is a good choice. Instead of letting your money in savings in the banks with a low interest rate, why not just put some in bitcoin? You will see how good it is. But of course, it's not that easy to do. I mean, you should, of course, know how to invest in bitcoin and know the fundamentals and basics so that you can see a good entry in the market for a long time.
copper member
Activity: 2002
Merit: 1693
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June 25, 2024, 06:57:46 PM
#19
The Bitcoin vs Gold debate is more like the Ronaldo vs Messi one. It has enthusiastic fanatics on both sides, so at the end of the day, you just follow your gut.
If you are purely into investment and look at the price growth of Bitcoin from its inception vs Gold in the same period. It's quite clear the Bitcoin beats Gold. You can look up the charts on TradingView

I would like you to also watch this 12-minute short video on Twitter. It gives you an insight on how money has evolved and on why Bitcoin might still have a brighter future lying ahead - https://x.com/goyimgrant/status/1703568465758441934
full member
Activity: 420
Merit: 52
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June 25, 2024, 06:31:33 PM
#18
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
Both are good investments but investing in gold is definitely less risky than Bitcoin. If both are considered 20 years from today then it can be said with guarantee that profit will come from gold but no one can guarantee that profit will come from Bitcoin. But if someone wants to invest in bitcoin with risk then he can but that investment should be long term.
hero member
Activity: 966
Merit: 668
June 25, 2024, 06:28:46 PM
#17
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
Your asking the right question in the wrong place my friend. I don’t see how you would be in a Bitcoinforum and be expecting that anyone advice you against taking Bitcoin investment for a Gold alternative. It’s what you wouldn’t get so, you might as well take that to social media to get diverse ideas from various persons whom might not be Bitcoin enthusiasts like the rest of us on here.
Personally, I’ve not had the thought of taking gold for an investment since i discovered Bitcoin and the potentials it’s got. Gold has got time on it but, the technology behind Bitcoin speaks of a futuristic currency, more than I can say for gold. Let’s not forget it’s history and how it’s been able to surpass all odds to make a point.
legendary
Activity: 1526
Merit: 1359
June 25, 2024, 06:10:12 PM
#16
yes, but some experts, also the Rich dad poor dad author meaning it will reach the million dollar mark. What do you think guys?
Imagine how much money would have to flow into the market for bitcoin to reach $1M - surely that's not a small amount, right?

Well, not necessarily. I mean, yeah it would probably take a ton of cash, but think about it like this - there is only a few slices of pizza left in the box.  If someones super hungry and wants a slice, they would totally pay more, right? Even if the first few pieces went for dirt cheap, the price skyrockets for those last few precious slices.  Bitcoins got a limited supply too, so same idea.  More peeps trying to buy in, particularly the high rollers could make the price explode.
full member
Activity: 1498
Merit: 132
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June 25, 2024, 05:43:05 PM
#15
..... imagine if you have bought it before 20 years... Grin
Honestly, I really can't imagine that, because Bitcoin is not yet 20 years old.

Guys I dont know what to do, should I invest in Gold or Bitcoin
Even if you ask in this forum, I will answer simply like this:
If you have more money, why not both?
buy gold and also buy Bitcoin.
So you can gain benefits from both and this can be one way of diversifying investment, right? Yes, it's like optimizing the benefits of both, and so you don't regret choosing only one. And of course, so you don't get confused anymore, guys.
sr. member
Activity: 448
Merit: 272
June 25, 2024, 05:31:13 PM
#14
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
Are you willing to go with people advice? If yes then make sure you also use your own justification together with people’s opinions to make the right choice because both of them are important.

I know that hold is an old investment item that many people believe in and it’s paying very well, most of the real gold investors are making it big. But getting into it newly, you need to be cautious because there are fake golds everywhere and if you are not into it, you will never know.
While Bitcoin investment is also risky since it is not physical investment, but if you follow the right measure and approach, you will find it easy because it is less stressful and you will not use any physical storage space that will attract theft and you also don’t need a third party to sell whenever you need money.

Invest wisely; there are fake golds, but nothing like fake Bitcoin.
mk4
legendary
Activity: 2786
Merit: 3845
Paldo.io 🤖
June 25, 2024, 04:20:41 PM
#13
You're asking "bitcoin or gold", on Bitcointalk — a Bitcoin-centric community forum. The question makes as much sense as asking "Donald Trump or Joe Biden?" on a pro-Trump/MAGA Facebook group. What answer are you really expecting to get?
legendary
Activity: 1064
Merit: 1228
June 25, 2024, 03:51:01 PM
#12
yes, but some experts, also the Rich dad poor dad author meaning it will reach the million dollar mark. What do you think guys?
Imagine how much money would have to flow into the market for bitcoin to reach $1M - surely that's not a small amount, right?

Of course, you can be that optimistic if you have already bought or have bitcoin in your wallet - so your job is just to secure your wallet and wait for the estimated price. It will take you a long time to get bitcoin worth $1M per coin - it's never as simple as you imagine. Personally I don't believe bitcoin will be worth $1M per coin yet - that's too high to be true in the next few years.
legendary
Activity: 1792
Merit: 1296
keep walking, Johnnie
June 25, 2024, 03:04:22 PM
#11
But the bitcoin development is crazyy, imagine if you have bought it before 20 years... Grin
What kind of crazy development of bitcoin can you talk about if you don’t even know when it arose / appeared? Smiley

Gold is more stable I know.
Stable in what? The fact is that the value of this almost does not change, and sometimes even depreciates.

It seems your awareness is insufficient here too. Smiley

Guys I dont know what to do, should I invest in Gold or Bitcoin.
First, start investing in knowledge. Smiley
hero member
Activity: 1498
Merit: 785
June 25, 2024, 02:53:31 PM
#10
If you don't want any risk then choose gold, if you want to have a high chance choose bitcoin quite simply.

Bitcoin did not exist 20 years earlier, bitcoin has only been here for 14 years.

You can do your own research which one you need, of course if you ask here everyone will say bitcoin including me, because some of the assets I have are in bitcoin, gold is just jewelry worn by my wife.
hero member
Activity: 812
Merit: 560
June 25, 2024, 02:48:02 PM
#9
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.

You first have to understand the difference in making an investment in gold and that of having it on bitcoin, then you could place priority on which one you want as you best see its relevance, but let me put you through in some little way i understand for their difference.

1. Gold dis a physical asset while bitcoin a digital asset of investment

2. Bitcoin is volatile and gold is fixed

3. Gold is centralized while bitcoin is decentralized

4. bitcoin is more profitable than gold if invested on both

5. Gold has no fixed supply while bitcoin have a fixed supply

Its now over to you in choosing which you want.
newbie
Activity: 4
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: 2170
Merit: 1631
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: 868
Merit: 1094
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.
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