Bitcoin or Gold - page 7. | Bitcointalksearch.org

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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.
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OP, if you invest in either of these two things, gold and bitcoin, you will definitely benefit from holding it. But I think in today's era if you keep up with modernity you can definitely invest in Bitcoin. Also, if you invest in gold it is also better to hold it you will definitely gain in the past people always invested in gold when there was no bitcoin. I think it never hurts to invest between these two things, gold and bitcoin, so you can invest whichever you like.

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But the bitcoin development is crazyy, imagine if you have bought it before 20 years... Grin

OP, it sounds really funny that you're imagining investments from 20 years ago here, lol. We know that Bitcoin came into the market in 2009 and since then people have invested in it. 20 years ago there was no sign of Bitcoin You may be very ignorant about this, but we can assume that in the future we will celebrate 20 years of Bitcoin.

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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.

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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? 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. 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.

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.

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Quote from: Blitzboy on June 30, 2024, 01:07:15 AM

Quote from: SickDayIn on June 29, 2024, 11:27:26 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

Bitcoin is finite, and Gold is finite.

However, the rate at which they are introduced into the world is very different, which affects scarcity.

As time goes on for Gold, technology advances and getting Gold out of the earth becomes a lot easier. It is not predictable and uncertain.

As time goes on for Bitcoin, there is a decreasing amount introduced due to block rewards being halved. It is predictable and certain.

I know my pick, go with Bitcoin.

It is no casual choice. This concerns value's and money's future. GOLD? It had a good run. Shiny, well-liked, and with history. But the world is changing.

We've got technology digging up more and more gold every year, so is it really that rare anymore? Bitcoin, thats a different story. It is safe, limited, and constructed on an immutable, transparent system. Folks, this is gold standard 2.0.

So, whats it gonna be? An antique relic thats losing its luster, or the future of finance? Where Im investing my money is known. Bitcoin is a gamble on a better, more predictable financial system as much as an investment. Thats an investment in the future.

If I had to choose only 1 of the 2, I would also choose bitcoin because it offers more essential use cases for me and offers much better returns than gold. Between gold and bitcoin, I think bitcoin is much better for my needs but I don't think it's a bad idea for someone to choose gold and it depends on their needs.

But what evidence do you have that gold mining is getting easier and what evidence does gold no longer have to be scarce? Because just looking at gold's chart, it's not growing as fast as bitcoin but it's clearly still growing steadily every year, which shows that demand is still higher than supply. Furthermore, gold is used in many different industries, not just as a storage asset, so I don't think there will be an oversupply of gold as you said.

According to some news I know, there is not even enough gold for the Chinese and Russian governments to buy, and the US is the country that holds the most gold in the world. Why don't they compete to buy bitcoin but instead compete to buy and store gold?
https://www.businesstimes.com.sg/international/chinas-central-bank-adds-more-gold-its-reserves-april

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Quote from: SickDayIn on June 29, 2024, 11:27:26 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

Bitcoin is finite, and Gold is finite.

However, the rate at which they are introduced into the world is very different, which affects scarcity.

As time goes on for Gold, technology advances and getting Gold out of the earth becomes a lot easier. It is not predictable and uncertain.

As time goes on for Bitcoin, there is a decreasing amount introduced due to block rewards being halved. It is predictable and certain.

I know my pick, go with Bitcoin.

It is no casual choice. This concerns value's and money's future. GOLD? It had a good run. Shiny, well-liked, and with history. But the world is changing.

We've got technology digging up more and more gold every year, so is it really that rare anymore? Bitcoin, thats a different story. It is safe, limited, and constructed on an immutable, transparent system. Folks, this is gold standard 2.0.

So, whats it gonna be? An antique relic thats losing its luster, or the future of finance? Where Im investing my money is known. Bitcoin is a gamble on a better, more predictable financial system as much as an investment. Thats an investment in the future.

SickDayIn

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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

Bitcoin is finite, and Gold is finite.

However, the rate at which they are introduced into the world is very different, which affects scarcity.

As time goes on for Gold, technology advances and getting Gold out of the earth becomes a lot easier. It is not predictable and uncertain.

As time goes on for Bitcoin, there is a decreasing amount introduced due to block rewards being halved. It is predictable and certain.

I know my pick, go with Bitcoin.

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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.

Gold has been spread among people since past and the market did not have much influence, but you see Bitcoin in a very short time in the market has managed to spread the influence of Bitcoin among the people of all countries. So if I compare between gold and bitcoin in terms of investment I will definitely prefer bitcoin investment. It is possible to earn several times more benefits than gold in Bitcoin alone.

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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.

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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 know quite well that both of them are digital currency but you really invest in something that is evoke not something that has already lose a value of investment because many persons currently especially the young youth does not hold a gold for now because since the existence of Bitcoin in 20 2009 it has taken place by bitcoin is a progressive or a propagated digital currency that is this decentralized and also frequently yield a profit for the investors, that is why many people deviated from Gold investment to bitcoin investment generally to cryptocurrency investment because it does not have a thought party for it investment and it is something that you can monitor in anywhere you are so I will encourage you to invest in Bitcoin instead of gold that's why that both of them have a disadvantage value so I preferred bitcoin instead of gold investment.

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If you are interested in traditional investment, gold is a good option for you. But if you are looking for a safe and decentralized investment method, Bitcoin is the best option for you. Long-term Bitcoin may be more profitable than gold. You can even diversify your portfolio and have both.

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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? 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. 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.

I totally get what you're saying. Bitcoin's still a baby in the grand scheme of things. It's not easy to wrap your head around, especially with all the tech jargon. Even folks who've been around for a while can get tripped up by it. It's like this big shift in how we think about money moving from something physical to something digital and decentralized.

And you're spot on about hard money. People want something that holds value, and Bitcoin's got that potential with its fixed supply. It'll take time, but as people start to understand and trust it more, they'll jump on board. Everyone wants in on the action, and yeah, they'll get it at the price they deserve based on when they decide to dive in.

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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

Tough call, but I'd prob lean towards Bitcoin. It's digital, easy to trade, and not tied to any one country's economy. Gold's cool too—shiny and has been valuable forever, but it's heavy and a pain to store. Plus, Bitcoin's got that future vibe, you know.

Bitcoin's got a fixed supply, so there's no printing more of it, unlike fiat money. It's also super accessible—you can send it anywhere in the world in minutes. Plus, it's becoming more accepted for buying stuff. Gold, on the other hand, is great for holding value over the long term and is a solid hedge against inflation, but it's not as easy to use for everyday transactions. Also, Bitcoin's tech keeps evolving, making it more secure and useful, while gold just kinda sits there looking pretty.

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Quote from: Katherine_Alicia on June 28, 2024, 03:38:16 AM

This isn`t financial advice, just something to consider for the more Liquid parts of a portfolio, why not do both? like 60% BTC 30% cash (cash is also a position) and 10% Gold (I prefer Silver).

Just juggle the numbers around a bit to suit your own risk tollerance.

I think this is quite okay and could really make good sense putting 60% on Bitcoin and the rest will be for cash and buying gold. Gold is very volatile but do not appreciate like the way Bitcoin is doing. Bitcoin is one of the volatile coin we can make money from with ease and I am very interested holding for as long as possible. Bitcoin might not have to value we can use to compare with gold but it is quite profitable compared to holding gold. Gold is mostly controlled by the US government which makes the price to be easily manipulated and controlled so that things don't go too far or become worse that would make buyers to dump their gold assets.

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

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A debate between Bitcoin and Gold investors is often seen as to which one is more profitable for them to invest. The comparisons we see with gold in this case is that gold can provide a steady return to the average investor whereas an investor can get little return on long term investment. Gold has managed to deliver approximate 30 percent adjusted returns over the past decade, which is just 2 percent on an annualized basis. And it took centuries for gold to reach this position. On the other hand, there is no fixed supply of gold, but gold can be mined by founding new one.

What matters to us when it comes to Bitcoin is that although it is volatile in nature, it is definitely profitable in the long run. Who are long time investors everyone has profited while holding Bitcoin. Moreover, it is an attractive investment medium for current and future generations. As demand for Bitcoin is steadily increasing and its supply is limited, it can reach new highs very quickly. Moreover, since Bitcoin is easy to use in terms of transactions, it can be used for various purposes. etc. There are various reasons i think Bitcoin investment is better than Gold.

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You want something safe? Gold's been good for centuries. Still, you'd like something a little more stunning. Bitcoin's your guy. Digital gold is the future and has been bringing people fortunes. But folks don't put all their eggs in one basket. They combine some of that relatively new Bitcoin with some of that old-fashioned gold.

People, it goes beyond money. It has to do with having belief in something. It's about believing a tiny bit in technology and the future. And who, to be honest, doesn't want to be a part of the future? You want to win then? Become diverse. That winning combo is Bitcoin and 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

Bitcoin. I guess if you had enough money to buy gold as investment, you wouldn't be concerned about the profitability factor at all, because gold is an investment for those who already have their patrimony consolidated and just want to maintain it, to protect it, while Bitcoin is a more suitable investment for those who are trying to build their financial life yet, even from zero!

You are looking for investments with potential to grow your money, so it's Bitcoin you are looking for. We can't say if history is going to repeat itself regards Bitcoin, but there are serious chances this cryptocurrency still have a lot of potential to reach superior ATHs yet, and the sooner you start accumulating it, the better your chances are to achieve satisfactory results in the following months or years.

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Quote from: stadus on June 28, 2024, 08:26:49 AM

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 don’t have to chose between bitcoin and gold because both are profitable investments. You can invest in them both, but I suggest put a bigger allocation for bitcoin something that you can still afford to lose since it’s still considered a high-risk investment. However, bitcoin is considered more safe and secured as long as you keep it in your own protected wallet, and history has proven that it offers the highest potential returns, something that other investments may take a lot of years before it can guarantee you.

Well, Gold is not that profitable, but it doesn't lose its value either. Investing in both is a good option, but I chose Bitcoin and crypto in general.

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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.

If you know gold is more stable and you want big returns when the price reaches the latest ATH, of course your choice is Bitcoin.
Don't just think about the profits, but think about the risks and challenges.

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

But the bitcoin development is crazyy, imagine if you have bought it before 20 years... Grin

Behind the development of Bitcoin prices from the past until now, the price was $60,000 and once reached $73,777, people never knew it could be like this and almost no one has held it for decades.
When you start to become aware of the future of Bitcoin, start to take part in Bitcoin with the condition that you are physically and mentally ready.

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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 don’t have to chose between bitcoin and gold because both are profitable investments. You can invest in them both, but I suggest put a bigger allocation for bitcoin something that you can still afford to lose since it’s still considered a high-risk investment. However, bitcoin is considered more safe and secured as long as you keep it in your own protected wallet, and history has proven that it offers the highest potential returns, something that other investments may take a lot of years before it can guarantee you.

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