Bitcoin or Gold - page 6. | Bitcointalksearch.org

lalabotax

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Quote from: petermaier2024 on June 25, 2024, 01:51:04 PM

..... 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.

Quote from: petermaier2024 on June 25, 2024, 01:51:04 PM

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.

Abu-Naim

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Quote from: petermaier2024 on June 25, 2024, 01:51:04 PM

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

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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?

_BlackStar

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Quote from: petermaier2024 on June 25, 2024, 02:40:59 PM

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.

m2017

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Quote from: petermaier2024 on June 25, 2024, 01:51:04 PM

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?

Quote from: petermaier2024 on June 25, 2024, 01:51:04 PM

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.

Quote from: petermaier2024 on June 25, 2024, 01:51:04 PM

Guys I dont know what to do, should I invest in Gold or Bitcoin.

First, start investing in knowledge.

ajiz138

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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.

Doan9269

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Quote from: petermaier2024 on June 25, 2024, 01:51:04 PM

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.

petermaier2024

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yes, but some experts, also the Rich dad poor dad author meaning it will reach the million dollar mark. What do you think guys?

MinoRaiola

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Quote from: Knight Hider on June 25, 2024, 02:14:06 PM

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.

_act_

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Quote from: Lakai01 on June 25, 2024, 02:15:50 PM

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.

Quote from: Lakai01 on June 25, 2024, 02:15:50 PM

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.

Lakai01

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Quote from: _act_ on June 25, 2024, 02:12:10 PM

Quote from: petermaier2024 on June 25, 2024, 01:51:04 PM

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.

Knight Hider

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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.

_act_

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Quote from: petermaier2024 on June 25, 2024, 01:51:04 PM

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.

Hamza2424

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Quote from: petermaier2024 on June 25, 2024, 01:51:04 PM

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.

petermaier2024

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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

Topic: Bitcoin or Gold - page 6. (Read 894 times)