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Topic: Bitcoin or Gold - page 8. (Read 2335 times)

legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
June 28, 2024, 08:10:39 AM
#68
But the bitcoin development is crazyy, imagine if you have bought it before 20 years... Grin
I am not sure if you are referring to bitcoin's age or the buyer's age. Considering the first one, because that is more fixed, it has been here for <20years but even then it would be a huge gain if someone bought chunks of bitcoin several years ago.

Gold will also have its pros and cons, it is not worth nothing. These are all different asset classes and the wise thing to do is to keep all types of assets classes in your folio and give them weightage as per your choice.

Traditional assets, precious metals, bonds, crypto can all be part of it. Dont go all in on one of them.
member
Activity: 742
Merit: 21
June 28, 2024, 07:52:31 AM
#67
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

At the present time, relatively everyone is competing, although gold has been with people for a long time.  But Bitcoin has hit its peak in the market for a short period of time and is widely used in every country. And I would like to say that Bitcoin is the best investment over gold, because Bitcoin is one of the most trusted coins of today. And the price increases several times more than what it sounds like so I'd say it's worth the investment.

full member
Activity: 868
Merit: 202
June 28, 2024, 07:41:41 AM
#66
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 development itself is not more than 20 years as far as i understand, so maybe you are wrong about that. and discussing which is better whether gold or bitcoin, it comes back to each investor, some prefer bitcoin but some prefer gold. as for me, i prefer investing in bitcoin compared to gold, although bitcoin tends to be volatile, but that can be overcome if you invest in the long term and get better profits compared to gold. and i can also invest more flexibly in bitcoin because with the dca or accumulation method. and lastly, even though you can invest online in gold or buy physical gold, full control over bitcoin investment is higher, all control is in your hands.
copper member
Activity: 2254
Merit: 608
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June 28, 2024, 04:11:19 AM
#65
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

The proof-of-work algorithm used for Bitcoin mining is very similar to the process of gold mining. In both cases, a lot of resources, money, time, and energy are needed to obtain gold or Bitcoin. If you look at the history of money evolution, the harder form of money always wins. Bitcoin is a harder form of money than gold. The maximum number of Bitcoins that will ever be mined is limited to just 21 million, which gives Bitcoin an advantage over gold because new gold mines can always be discovered, whereas the number of Bitcoins is finite at 21 million. Therefore, it is certain that over time Bitcoin will capture the monetary premium and demonetize gold. It’s like mathematics—2 and 2 are always 4—because everyone wants a hard form of money; no one wants to lose value. However, the process of Bitcoin demonetizing gold is a process, just like how gold has demonetized silver over the past 100 years.

But you overlooked one thing that gold is not only used as property, jewelry...but it is also used in many industries. It can be said that the demand for gold is much greater than bitcoin, so even if more gold is mined, it cannot meet the world's demand. Furthermore, I have heard thousands of theories about humanity finding a large amount of gold but so far it has not happened. And as far as I know those rumors are mostly spread by maximum bitcoin investors and the purpose of that is to make gold look bad and exaggerate about bitcoin, nothing more and nothing less. I consider it ugly competition.

As many have said, gold and bitcoin are both good assets and which asset people choose will depend on their needs and preferences.
jr. member
Activity: 32
Merit: 6
June 28, 2024, 03:38:16 AM
#64
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.


sr. member
Activity: 854
Merit: 364
I ❤️Bitcoin
June 28, 2024, 03:03:06 AM
#63
But one is still more preferred over the other as of now, which is bitcoin, the present gold we all have to rush on is on bitcoin adoption, not because we are joining the crowd to do this, but we have realized to the fact that bitcoin is the only answer to most of the economy financial challenges and we need it for our own self, this is part of the reasons why you cannot have it being supported by some countries because of its decentralization, if you have bitcoin and gold to choose, many will go for bitcoin because with bitcoin profit, you can still buy gold.
Right not everyone would think this way. Bitcoin indeed tends to grow in value much quicker than gold but there are other factors that one needs to consider before concluding and one's choice won't solely be dependent on asset growth, things such as security are also considered by a lot of investors and to be honest, gold is considered to be a more secure investment asset when compared to Bitcoin because of its stable growth potential and physical existence.

When you buy Bitcoin, you spend your money on something that doesn't have a digital existence but it is only available digitally which might be a concern for a lot of traditional investors, I know that we trust Bitcoin a lot because it has been around for a long time, but we can't say that this isn't a valid argument.
full member
Activity: 237
Merit: 166
June 28, 2024, 02:53:17 AM
#62
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
This sort of question requires personal research and managing expectations. Bitcoin is convenient because it's digital, and you don't need to rely on anyone to store it or perform transactions. Gold is physical, so you can't use it as an online payment, sending it anywhere is more complex, and you need to figure out where to physically store it. But Bitcoin is very volatile, and sometimes you may need to wait for a year if not more unless you want to sell at a big loss. Gold also has some volatility, but it seems more stable. The time of crazy profits with Bitcoin is likely over, so with both gold and Bitcoin mild profit is a more reasonable expectation.

I would not agree with you regarding the crazy profits. Bitcoin is still young, and most people do not understand what Bitcoin is. But it is almost certain that in the next decade, it will surpass gold in market cap, and by a significant margin—perhaps 5 times the market cap of gold. A Bitcoin price of 5 million or 10 million dollars is entirely possible because it is a much harder form of money than gold.
full member
Activity: 237
Merit: 166
June 28, 2024, 02:44:20 AM
#61
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

The proof-of-work algorithm used for Bitcoin mining is very similar to the process of gold mining. In both cases, a lot of resources, money, time, and energy are needed to obtain gold or Bitcoin. If you look at the history of money evolution, the harder form of money always wins. Bitcoin is a harder form of money than gold. The maximum number of Bitcoins that will ever be mined is limited to just 21 million, which gives Bitcoin an advantage over gold because new gold mines can always be discovered, whereas the number of Bitcoins is finite at 21 million. Therefore, it is certain that over time Bitcoin will capture the monetary premium and demonetize gold. It’s like mathematics—2 and 2 are always 4—because everyone wants a hard form of money; no one wants to lose value. However, the process of Bitcoin demonetizing gold is a process, just like how gold has demonetized silver over the past 100 years.
legendary
Activity: 3248
Merit: 1402
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June 27, 2024, 11:39:36 PM
#60
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
This sort of question requires personal research and managing expectations. Bitcoin is convenient because it's digital, and you don't need to rely on anyone to store it or perform transactions. Gold is physical, so you can't use it as an online payment, sending it anywhere is more complex, and you need to figure out where to physically store it. But Bitcoin is very volatile, and sometimes you may need to wait for a year if not more unless you want to sell at a big loss. Gold also has some volatility, but it seems more stable. The time of crazy profits with Bitcoin is likely over, so with both gold and Bitcoin mild profit is a more reasonable expectation.
hero member
Activity: 3136
Merit: 591
Leading Crypto Sports Betting & Casino Platform
June 27, 2024, 05:44:50 PM
#59
Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know.
You posted this on a bitcoin forum and obviously you'll expect what you should buy. We're all going to tell you to buy Bitcoin. 100%. That's all you need to know and even if gold has been stable for years or centuries. What if you buy the digital gold? also known as Bitcoin? If you are for the stability, you can't just ignore that fact for Bitcoin because it's also has been stable since it has been made and introduced to the world.

But the bitcoin development is crazyy, imagine if you have bought it before 20 years... Grin
And that's why don't let each month or year passes by that you don't hold it. What will happen in the upcoming years is unknown but as long as you're prepared with all of a sudden move of Bitcoin, you have got it. And you'll not miss that opportunity when it comes and that's why you need not to think about it, just buy BTC.
sr. member
Activity: 448
Merit: 264
June 27, 2024, 05:26:19 PM
#58
If you know where not invest in gold then you can split your investment in two places. One for gold and you like to do that and the second is for bitcoin as you also like it. And I think investing in bitcoin is much more easier than Gold because you just login to an exchange or someone you know and buy bitcoin and start the investment journey but Gold I do not know where to get and I have not seen it.
It is better to invest on an asset you have seen and know that is is easy to have.
hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
June 27, 2024, 05:10:33 PM
#57
Invest in the asset that you have concrete knowledge about; if I were to make a choice for you, I would pick bitcoin over gold. Bitcoin makes it possible for you to hold your asset peacefully in your self-custodial wallet without anybody knowing unless they are being told by you. You can also sell your bitcoin any time you want without anyone knowing. I don't think it's very easy to sell gold in some countries, according to what I read online. In my country, you can easily buy and sell gold, but it's not that easy in some countries. Bitcoin is a great asset to invest in if you can actually hold it for a long time. 
hero member
Activity: 966
Merit: 701
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June 27, 2024, 02:39:26 PM
#56
Storing both assets can be difficult so an investor just have to determine which one is more easier according to their ability.
Storing bitcoin is not difficult and you get to have self custody. All you need is a good bitcoin wallet and a secure storage method for your private keys. You need more complex security to protect your precious metals, most times you may have to rely on a third party service to protect your gold.

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

You don’t ask such question in a Bitcoin forum. It would not be irrational to assume that 90% of forum members are bitcoin hodlers and very of them own gold in large quantities. So the replies you’re going to get here will be one-sided for sure.
sr. member
Activity: 532
Merit: 345
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June 27, 2024, 08:56:51 AM
#55
Guys I dont know what to do, should I invest in Gold or Bitcoin.
Both bitcoin and gold are good for investing. But if viewed as risky, investing in Bitcoin is riskier than gold. If you want to take some risk then you can invest in Bitcoin. But if you can invest in Bitcoin and keep it for a long time then you can definitely profit. There is not so much risk in the case of gold. Investing in Bitcoin can earn you more profit than gold. However, there are many who invest in both Bitcoin and Gold, some invest only in Bitcoin, some invest only in Gold. If you have enough funds you can invest in both gold and bitcoin.
hero member
Activity: 2170
Merit: 503
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June 27, 2024, 12:29:17 AM
#54
Storing both assets can be difficult so an investor just have to determine which one is more easier according to their ability.
What's difficult about owning gold, as well as BTC. There are surely a lot of people who own the both assets, it is usually lack of funds that make investors choose one or the other. Whenever the BTC or gold argument comes up, the first question a lot of people ask is why one has to choose between them, when you can accumulate the two and diversify your wealth.
LOL, there is nothing difficult about it when we have money. If you are confused about choosing one of them, then choosing both could be the right choice. However, if you want to choose one of them, I think it depends on the conditions and situation. Personally, until now I tend to choose bitcoin because I feel that it is easier to use it to improve my finances quickly. However, if I had enough money, then I would choose gold as a long-term investment.
hero member
Activity: 1288
Merit: 508
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June 26, 2024, 10:05:58 PM
#53
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! They Both hold great store of value.

But one is still more preferred over the other as of now, which is bitcoin, the present gold we all have to rush on is on bitcoin adoption, not because we are joining the crowd to do this, but we have realized to the fact that bitcoin is the only answer to most of the economy financial challenges and we need it for our own self, this is part of the reasons why you cannot have it being supported by some countries because of its decentralization, if you have bitcoin and gold to choose, many will go for bitcoin because with bitcoin profit, you can still buy gold.

It is true that bitcoin is trending and becoming a trending topic everywhere on the internet but I still believe that gold is still more popular if we evaluate the overall demand of the world.

For the rich and the older generation, gold is still their preferred choice because it ensures their asset value as well as their safety. Meanwhile, bitcoin will be the choice of young people, those with little capital and want to get rich quickly thanks to the volatility of bitcoin. It can be seen that each asset has its own user group.
In addition, in terms of popularity, legality and recognition, bitcoin is still not comparable to gold, so it is difficult to say bitcoin is more preferred than gold at the present time.
hero member
Activity: 994
Merit: 1089
June 26, 2024, 04:42:22 PM
#52
Storing both assets can be difficult so an investor just have to determine which one is more easier according to their ability.
What's difficult about owning gold, as well as BTC. There are surely a lot of people who own the both assets, it is usually lack of funds that make investors choose one or the other. Whenever the BTC or gold argument comes up, the first question a lot of people ask is why one has to choose between them, when you can accumulate the two and diversify your wealth.
hero member
Activity: 1470
Merit: 502
June 26, 2024, 04:41:52 PM
#51
Before discussing this topic I just want to suggest that you spend more time reading some threads in the forum because indeed the discussion about bitcoin or eth, bitcoin or real estate, bitcoin or gold etc. has been very much discussed here and the answer is still not much different from before because it is the same discussion, the answer will definitely remain the same where when investing you have to determine what you think is right and in accordance with the vision you have.

We cannot say that asking for advice is bad, it's just that in this case when investing, it is certain that this must start from your own interest and cannot be interrupted by others because even if it is recommended to be in bitcoin or gold but when we are not interested, this also cannot be used as a good basis for continuing to invest.

You have to convince yourself first whether you really want to join bitcoin or gold because both are still one of the very good options for future investment and the only difference is the progress and risks involved.
sr. member
Activity: 182
Merit: 120
June 26, 2024, 03:56:46 PM
#50
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
Make your research and decision willingly, if I should mention bitcoin investment how can you invest without knowing what to do likewise gold. Questions like this is just too common here, if I should choose between gold and bitcoin I will definitely go for bitcoin investment, although gold is more stable compared with bitcoin but still doesn’t change the fact that bitcoin is a growing asset. Storing both assets can be difficult so an investor just have to determine which one is more easier according to their ability.
legendary
Activity: 966
Merit: 1042
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June 26, 2024, 02:39:29 PM
#49
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.

Buddy comparative study is not prohibited or polls or questions or guidance. The forum allows all types of discussions so if you are interested in any of such topics just bring it on, as OP did we are here to guide and discuss. TBH Bitcoin vs Gold is not a new topic here we've discussed it 100's of times and in every discussion, there are some old views and some new views according to the current development timeline.
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