Bitcoin or Gold - page 6. | Bitcointalksearch.org

Scarlett_23

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Quote from: petermaier2024 on June 25, 2024, 12:51:04 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

If BTC had appeared 20 years ago, its price might have increased several times. This incredible Bitcoin comes from the invention of Satoshi in 2009. Its highest ATH reaches $73,737.94. which at one time fell to $67.81. The incredible price increase in Bitcoin from the lowest to the highest would not have been bought with gold. Except virtually what is in the hands of the investor in this currency. He doesn't have to go to anyone else for that. But investing in gold requires security. which is concentrated. At work I consider bitcoin investing more valuable than gold.

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Quote from: topbitcoin on July 03, 2024, 11:13:39 AM

I think the advice for OP depends on where he is ready to take the risks and benefits that will be taken, if he is quite ready with the risk of holding gold, why not buy gold to store his wealth and if OP has the readiness to hold bitcoin with its risks, it is better to choose bitcoin than to hold gold, this depends on his personal readiness to manage the risk profile, where he will save his money.

This is a pretty important thing to think about from the start because after all, as you said, where bitcoin and gold have advantages and disadvantages, this is indeed a fairness because after all, when there is an innovation that is really good, it does not mean that it is without shortcomings, it's just that it is covered by the advantages it has.
In this case the choice is true where are we ready with all the risks or not because after all with the advantages and disadvantages that are owned, there will certainly be a risk that must be borne when in it.

If indeed in the end we are ready with a very big risk then bitcoin can be an option but if we are not willing to take the risks we have then choose other options such as gold because being in bitcoin but not ready for the risk is the same as you who do it halfway which in the end it will not make yourself get maximum results because panic is far greater than your confidence in bitcoin.

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Quote from: tread93 on July 02, 2024, 01:51:55 PM

Quote from: petermaier2024 on June 25, 2024, 12:51:04 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

It depends what you want and what your goals are. You can’t go wrong with either but each one will help you meet specific goals. If you want more security having full possession of your money then perhaps gold is best for you, but if you want something with tremendous upside that can’t easily be seized from you and is easier to hide/transport then I would recommend Bitcoin Cool

Yes Actually both are good for investing, depending on how you want to invest. If we look at history, we definitely prefer gold because gold has been around for decades, but if we look at the profits, we definitely choose bitcoin, even though bitcoin has only been around for a decade, but bitcoin has now become a hedging asset.

Bitcoin is also easier to use than gold which is very difficult to carry everywhere. In essence, both have their own characteristics and advantages, it all depends on what type of investment the individual wants to make. But what is clear is that bitcoin is growing very rapidly, having gold and bitcoin investments will make you achieve financial freedom in the future. Because what is certain is that if we look back in history we have been deceived by paper currency.

topbitcoin

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Quote from: tread93 on July 02, 2024, 01:51:55 PM

Quote from: petermaier2024 on June 25, 2024, 12:51:04 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

It depends what you want and what your goals are. You can’t go wrong with either but each one will help you meet specific goals. If you want more security having full possession of your money then perhaps gold is best for you, but if you want something with tremendous upside that can’t easily be seized from you and is easier to hide/transport then I would recommend Bitcoin Cool

Both have their own disadvantages and both also have their own advantages and it depends on where you will take the risk, because both also have their own risks.

I think the advice for OP depends on where he is ready to take the risks and benefits that will be taken, if he is quite ready with the risk of holding gold, why not buy gold to store his wealth and if OP has the readiness to hold bitcoin with its risks, it is better to choose bitcoin than to hold gold, this depends on his personal readiness to manage the risk profile, where he will save his money.

Because if not with self-sufficiency, it will be very difficult in the future, especially the purpose of investment, which basically requires quite a lot of time to get a decent profit, both in gold and in bitcoin.

tread93

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Quote from: petermaier2024 on June 25, 2024, 12:51:04 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

It depends what you want and what your goals are. You can’t go wrong with either but each one will help you meet specific goals. If you want more security having full possession of your money then perhaps gold is best for you, but if you want something with tremendous upside that can’t easily be seized from you and is easier to hide/transport then I would recommend Bitcoin Cool

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Quote from: boyptc on July 01, 2024, 03:52:47 AM

Quote from: tottong on July 01, 2024, 03:39:48 AM

The market capitalization for bitcoin is also getting bigger or increasing and it is possible that this will make bitcoin an investment that resembles gold.

It's been called near to gold but they're still different from each other.

That's true and I just want to reiterate even though the two are different and everyone knows that.

Quote from: boyptc on July 01, 2024, 03:52:47 AM

That's because of Bitcoin's volatility, if it's not with bitcoin's volatility then there's not that much risk to take that shall make it more profitable than gold.

Those early investors of gold can also be in the same situation as us when we've bought bitcoin years ago.

And it is also because of this volatility that makes bitcoin a valuable asset now because if the concept was the same as other coins then bitcoin would not have reached what it is now. Meanwhile, risk cannot be separated from a person's ability to carry out investments and if they hold for the long term the risk is not a big problem.

That's why the approach is almost the same even though they are different and of course all forms involving money have different risk levels.
Our job is to minimize it so that it doesn't become something detrimental.

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Quote from: petermaier2024 on June 25, 2024, 12:51:04 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

My advice for you is to avoid dwelling in the past but in the present and be hopeful of the future. Bitcoin has done the unexpected in the past and that has gone, it will never happen in that magnitude again, the rest will be some kind of a few multiple returns on your investment. Nothing like the past will repeat itself like many would say here.

Notwithstanding, if you are smart enough, you can be waiting for Bitcoin to fall very well during the bearish season and buy it. This approach alone can enrich you if you have a sizable amount of money invested in it. You can imagine those who bought Bitcoin in late 2022, despite not moving more than 20 times like before will still make at least 4 times their capital since they struck it low. That's the gist.

As for the one to choose between Bitcoin and Gold, if it is for trading, I choose Gold, but if it is an investment, I choose Bitcoin. And since investment is less risky, it is a good call for you to choose Gold. Just follow my earlier advice and you will be fine, however, you need a lot of patience.

Baki202

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Quote from: Nothingtodo on June 29, 2024, 06:07:53 PM

Investing in both Bitcoin and Gold can be advised as both are equally valuable. If someone wants to invest on a large scale then he will invest more of his investment in bitcoin and less in gold. But by no means should all parts of his employment be investments in either but both. As both gold and bitcoin continue to grow in demand and popularity over time, these two investments will become more popular in the future.

Bitcoin will always be bitcoin and gold will always be gold and they both have their relevance it just depends on interest, their are people that they don’t really have interest in bitcoin but they have gold so since we have our individual difference's. And if the person wants gold bar even if he as the money. Having too much gold bar is dangerous and will draw attention to you because transporting it alone is a lot of work and what if he gets rob when conveying the gold but since their is digital gold their won’t be need to buy bar anymore and you will just buy your digital gold with drawing any attention to your self, or even go for bitcoins, and that way you can even keep your investment a secret. Those that have good foundation in both of this investment are good and are doing greatly except they don’t want to show.

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Quote from: petermaier2024 on June 25, 2024, 12:51:04 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

You have made an easy answer to your post that imagine if you bought btc before 20 year you would be a rich people to the financial world. However it's true that gold is a stable way to get a good profit but bitcoin is something what can give you a good return within a short time of period than gold. On the hand it has few risk cause the crypto market is always has some uncertainty cause market is high volatile. You can earn many and also you can loose many. So its a always tough to decide to go with gold or btc.

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Quote from: josgandosbro on July 02, 2024, 04:57:51 AM

I sujecton Bitcoin is the best investment for the future. Bitcoin is an easy way to use anywhere and at any time. If you invest in gold it is not easy to use. So invest in Bitcoin but before investing check the bitcoin price. If the price goes down then invest the bitcoin. Gold is not an easy change. But Bitcoin is easy to change at any time. So plan to invest bitcoin.

It shouldn't be a subject of use cases if we are talking about investments because when you invest in an asset, you don't do that so that you can use the assets you are buying, so we shouldn't see how useful Bitcoin or gold can be in the future but we should see which of these can be a more successful investment if we invest our money in them.

If we are to differentiate between the two, there can be some very visible differences between the two. Gold is the standard traditional investment asset which is considered and believed to be a secure investment asset that also accrues good profits in the long term, so it provides both security for the investment and profits.

On the other hand, Bitcoin is a more volatile asset which makes it a bit riskier than gold because when the price of an asset is highly unstable, it tends to lose value as well. So for investment security, Bitcoin shouldn't be the first choice, but when it comes to profits, since it's more volatile, it can be the first choice of investors.

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Quote from: petermaier2024 on June 25, 2024, 12:51:04 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

Wait did you say 20 years ago? I wonder who created the Bitcoin you expect people to had bought 20 years ago cause the Bitcoin I know that was created by Satoshi Nakamoto was in 2009 which is not even up to 20 years, maybe you're just trying to be sacarstic or you didn't make a research before making such statement.

Well, both gold and Bitcoin are very good assets for investment and i don't think you'll regret investing in any especially if you're thinking of long term investment, just that Gold doesn't depreciate but appreciates over time and it might take long time before you think of making much profits from it, but it's still a good investment option.

However the price of Bitcoin is volatile thereby making it to dip and rise again at anypoint in time, Bitcoin has a good potential to get past double it's current value and that's why it's seen as one of the best asset to invest for the future, well I'll advise that you do proper findings before investing in any cause it's clear you have no knowledge about Bitcoin especially.

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I sujecton Bitcoin is the best investment for the future. Bitcoin is an easy way to use anywhere and at any time. If you invest in gold it is not easy to use. So invest in Bitcoin but before investing check the bitcoin price. If the price goes down then invest the bitcoin. Gold is not an easy change. But Bitcoin is easy to change at any time. So plan to invest bitcoin.

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Quote from: petermaier2024 on June 25, 2024, 12:51:04 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

Both investments are safe haven asset,but there's a big difference between gold and Bitcoin.Gold and Bitcoin are hedge against economic downturn,you mustn't prefer Bitcoin go for an investment you'll be able to bear the risk.Most investors prefer assets that are more stable while most investors prefer an asset that has both bearish and bullish season.When we talk about Bitcoin, it's the new gold that it's in a digitalized form and decentralized nature.Bitcoin price history from the day it was invented till date gives a clear picture that Bitcoin it's worth more than any stable asset.I prefer Bitcoin to gold.

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Quote from: petermaier2024 on June 25, 2024, 12:51:04 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

If the amount of money you have planned for this investment is on the high side, I do not see why you could not invest in both, since gold and bitcoin are without a doubt two of the best investments any person could make, so instead of trying to figure out in which of those two assets to invest, investing in both is a sensible choice, however if you are already faltering over such an easy decision, I wonder if you are ready to become an investor and if it is better for you to wait until you are.

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Quote from: petermaier2024 on June 25, 2024, 12:51:04 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

Invest in bitcoin first because it yield profits faster and bigger than what is gold is capable. When you earned massive amount of profits, slowly diversify your investment and invest into gold as well. In due time, both will give you decent amount of profits. Just buy and hold, because the longer you hold them, the bigger the potential profits you will reap in the end. In the end, you will not only own bitcoin and gold, but even some other potential assets as well.

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Quote from: GbitG on June 30, 2024, 06:25:40 PM

Quote from: eightdots on June 30, 2024, 04:46:44 AM

Bitcoin is very young compared to gold. Although it has proven itself as an investment tool, it has not been able to reach many people who like to invest traditionally. As time goes by and generations interested in technology grow up, interest in Bitcoin will increase further.

This is a process and there is no need to rush in this process. There are many investment instruments and people choose these investment instruments and make their investments. The advantage of Bitcoin is that it reaches more people every day.

There are two advantages of Bitcoin that I can think of which I think are the reasons why many people might prefer Bitcoin as an investment option over Gold. The first advantage is affordability, by affordability I mean that a person can start making investments in Bitcoin from as low as $10 which is extremely low and it means that any person having that much money can become a Bitcoin investor. The other advantage is that it is more volatile than Gold which means that the potential to generate profits is higher than Gold in the shorter term.

Gold is one of the best investment assets in the world, there is no doubt about that, and it has been around for centuries which is the reason why many people trust it more than Bitcoin because it has a physical existence unlike Bitcoin which is only available digitally.

I agree with you about the first advantage you point out and that would make bitcoin more accessible to people than any other investment. But I think bitcoin's volatility can also be an advantage and it can also be a disadvantage, and it depends on each person's preferences. Because there are many people who do not invest in bitcoin because they are scared and feel insecure about bitcoin's volatility, not everyone enjoys the roller coaster ride like we do.

There have been many comparisons between gold and bitcoin to find out which investment asset is the best but in my opinion, both are good and have different pros and cons. Which asset is better depends on each person's preferences and we cannot impose our thoughts on others.

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Quote from: tottong on July 01, 2024, 03:39:48 AM

The market capitalization for bitcoin is also getting bigger or increasing and it is possible that this will make bitcoin an investment that resembles gold.

It's been called near to gold but they're still different from each other.

Quote from: tottong on July 01, 2024, 03:39:48 AM

However, in terms of maintaining the value of gold it is still very stable and when it comes to profits, it can still be said to be superior Bitcoin.

That's because of Bitcoin's volatility, if it's not with bitcoin's volatility then there's not that much risk to take that shall make it more profitable than gold.

Those early investors of gold can also be in the same situation as us when we've bought bitcoin years ago.

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Quote from: petermaier2024 on June 25, 2024, 12:51:04 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

I think you should invest in bitcoin than gold. One can justify it throughYour statement. Bitcoin is a more volatile assets than Gold so as such bitcoin should be taken more seriously than gold because it's volatility is very high. that means withing the interval of 4-10-20 years, you may have made yourself a lot of profit, even if the percentage of the profit is not assured but it is certain that It will yeald a better result than investing on gold. Investing in bitcoin is a nice idea which i will advice anybody to invest.

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Quote from: petermaier2024 on June 25, 2024, 12:51:04 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

You have to know your investment vision and if your desire is for stability or not having a lot of risk then choosing gold is a good choice.
But if you want to get maximum profits in a certain time then bitcoin is a much more appropriate choice.
Talking about risk, it cannot be separated from your ability to invest and what you need to know is that investing in Bitcoin can also minimize the risk as long as you hold and do not release Bitcoin when it falls below the purchase price.

The market capitalization for bitcoin is also getting bigger or increasing and it is possible that this will make bitcoin an investment that resembles gold.
However, in terms of maintaining the value of gold it is still very stable and when it comes to profits, it can still be said to be superior Bitcoin.

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Quote from: BitGoba on June 28, 2024, 05:36:20 PM

Bitcoin is still very young. How many people truly understand what Bitcoin is?

Bitcoin is still very young because it is now in a perfect position compared to gold. Whether you know it or not, this Bitcoin investment is increasing day by day. Primarily, the youth are investing more here. The mindset of the youth has become such that they will continue to invest even if they have something. With day-by-day interest in technology, youngsters are getting more and more addicted to Bitcoin and will be more in future.

Quote from: BitGoba on June 28, 2024, 05:36:20 PM

Probably even 80% of the people on this forum can't understand Bitcoin, and some have been in the space for years. Bitcoin is a complete paradigm shift, and it will take time for people to grasp what it is.

On the other hand, you said that 80% of people in this forum don't understand anything about Bitcoin. I couldn't agree with this because people who come to this forum are new, but after coming here, they get a good idea about Bitcoin. If they need help understanding, they ask questions in the Bitcoin discussion from here. Others explain them by giving good answers, and here you say 80% of people in the forum need help understanding Bitcoin. Most people in this forum know about Bitcoin.

Quote from: BitGoba on June 28, 2024, 05:36:20 PM

As I mentioned earlier, harder forms of money always win everyone wants hard money. no one wants to lose. Eventually, everyone will own Bitcoin and will acquire it at the price they deserve.

Yes, but it is true that it will take a lot of time to learn about Bitcoin. It is not possible to learn about Bitcoin in such a short time. It needs a lot of analysis and research. Still, I don't know if he will know fully, but he will understand if he can do it with time.

Topic: Bitcoin or Gold - page 6. (Read 2346 times)