Topic: [Bitcoin or Gold] choose correctly (Read 929 times)

It's always a fact that investment and trades are having their own risks factors, so things are never been easy to stay on same level with bitcoin is more risky but having more profit as well with Gold is having risk but not as we have in other things so just because of this most of the peoples are trying to stay with this because they feel comfortable and having things well under control but due to physical presence we are not well satisfied with Gold because in many places it's presence is always risky.

In Bitcoin's case, we are having risk of volatility but still it's much safer and better as we need to keep wallet secure even this need some better understanding because without this we are not able to handle this risk factors are always high so need to go through with better understanding and skills because situation has never been easy for all to handle this.

Everything has risk, including gold or real estate because the future is unpredictable, anything can happen. If humanity suddenly discovers a large amount of gold on earth, causing the supply to become surplus, it is not surprising that the price of gold drops. Or if the country has a war or worse, a natural disaster occurs, our real estate investments will also become worthless...But if compared, it is clear that bitcoin has a much greater risk because it is a virtual asset, still too new, and has not yet received legality and recognition worldwide.

And everything is proportional to each other, low risk will bring low profit, high risk will bring high profit. Therefore, we need to analyze and understand each type of asset before making a choice.

There is no person in the world who is not fascinated by beauty.  It is a natural thing that everyone will be attracted to a beautiful person or a beautiful object.  When a person wears ornaments made of gold, his beauty will undoubtedly increase several times.  But whenever the investment comes up, we will look more at Bitcoin than gold.  Because gold cannot be read by anyone at any time.  It must be safe.  When you go out with your gold jewelry, there is a risk of it being stolen. But Bitcoin is a completely decentralizad institution if you have the seed phrase.  No one knows what you are but you.  But it's also worth noting that Bitcoin grows at a much higher rate than gold.  It goes without saying that Bitcoin plays a multi-faceted role.  And gold only enhances wealth and in some cases beauty.  Gold is a profitable concept very old.  But Bitcoin is a modern and much more profitable concept than gold.

Everyone here should be around at least 7 years or longer, at least in my case and I do see a lot of members here also in similar time frames as during that time, Bitcoin is at the end of it's bull run. So with that said, for sure we have been here for the longest time and we have seen what Bitcoin can bring to us, the benefits along with it as we have profited big already.

No doubt about Gold, but perhaps it's not for everyone. Nothing against those gold bugs, we respect them, but we do hope that they will also respect Bitcoin market, or for  win-win situation, why not just have the best of Gold and Bitcoin in our portfolio, the very definition of diversification.

I think every investment certainly has a level of risk in it and it is very unlikely that there is an investment that does not have a risk that can be easily done, therefore it is very important for everyone who wants to start investing to first understand the risk of the investment they are running and if you say gold is not risky, of course that is very wrong because we also have to take good care of the asset so that it remains safe as well as the Bitcoin that we have invested, we must also be able to keep the wallet key well so that we can access it again when we want to take it and in terms of profit, of course this will be very different and it really depends on the skills and also the amount we invest so that we can make a profit in investing.

I have been with Bitcoin for a long time so I believe in Bitcoin, and it has the most benefits and if you invest in Bitcoin you have the most success in profiting and growing.  That's why I prefer Bitcoin to the exclusion of Gold because Bitcoin has the greatest desire to be profitable. But the price of gold is the most dumping from the market and takes a long time to rise. Holding gold is the riskiest as it has the highest probability of being robbed. Because in the area where I live, the banks are not safe and the surrounding clans are the most dangerous, so holding bitcoins is safer for me than holding gold.  I say this considering my side, because if I hold bitcoins no one will know about it and it will be secret I will be successful in holding it for a long time.

If I had to choose between Bitcoin and gold I would definitely prefer Bitcoin. However, for many people, gold will be preferred and in this case, investing in gold certainly does not have any risk, but in terms of profit, it will not be as much as Bitcoin. And when losses occur, bitcoins lose hundreds of times more than gold.  Therefore, before choosing Bitcoin, you must understand the risks.

It’s very easy today for those of us in the forum to make that decision on either Bitcoin is a more profitable investment when paired with good. These two are commodities of value but, one has its value pegged by a central authority.
The perception people would have about gold always sterns from the government. These regulations creates a precedent for the commodity which makes it a secured investment for the lots of people that invests with it but, not as much as we can find in Bitcoin.
Bitcoin is rewarding even to the smallest units of it.
With most of the world’s populace still being skeptical on investing, it means, there is a lot for Bitcoin in the coming years to invest now.

Can we let the comparison between Bitcoin and Gold rest? I've concluded that the two are useful, it depends on how we use them. We should however use them the way we know is best useful for us to make money and secure our investment. No one would trade/invest in Gold reasonably and lose, the same goes for Bitcoin, enough of this comparison, it's noise.

And the price of Gold is not valuable despite having such a value you mentioned which Bitcoin can't do? After all, from what you said, it could be reasonably deduced that Gold has enormous use both online and offline, but what is the offline use of Bitcoin?

When I hear about Gold also, it is investment, trading and values like saving etc that come to my mind, so what are you trying to prove? Come off it bro, both are valuable and can do almost the same thing, except for Bitcoin which can't function offline.

It should be easy to understand Bitcoin and Gold and it is a common thing that many people think about in determining economic factors that want to improve, these two objects clearly have unequal differences and one is physical which can be touched and the other cannot be touched. touch.

Because we live in the real world and the internet is a facility used by humans, there are definitely different understandings.
• Bitcoin buying and selling value is good for boosting people's economy, but that's the internet route to get all that, Of course there are risks, in that case, the internet will not always run smoothly and be affordable for everyone. Before prioritizing Bitcoin as a long-term investment method, we must think about the effects of its access first and in the future, because Bitcoin is also money, but as a short term method it doesn't matter for Bitcoin.

• Gold, the general public knows its uses and also how to buy or sell it, even though the value of gold does not move the same as Bitcoin, gold is a thing that has been needed and has value from the past until now, and besides, gold does not need the internet to be able to get it, you can go to the market and buy or sell, the risk of loss or access is not the same as Bitcoin, so both have good value for society's economy, it's just different ways to get or sell it.

Exactly. People invest to find sustainable and impressive profits, and I think with bitcoin, it’s highly possible. However, with gold, it’s a profitable investment if you purchase a huge amount, but if it’s just small scale,  I don’t think it will be as profitable like bitcoin. So it’s not surprising that a lot of us prefer to invest in bitcoin wishing that one day, we will eventually become rich from long term hodling through DCA. With gold, the risk is lower than bitcoin, that’s why its returns are also quite lesser than bitcoin.

That's right, we choose bitcoin instead of gold simply because it brings better profits than gold, this is the top reason but not many people dare to admit and mention it  .

And as I said before, those of us who have criticized or despised gold, but eventually when we make a lot of money on bitcoin, we no longer want to take the risk, we will go back to gold. The role of gold and its potential are not inferior to bitcoin, it's not that we don't need it or don't want it, it's just that the time has not come for us to need it.

We compare the two to make the right choice for our current situation, not criticize one and praise the other.

Even you invest $100 in Bitcoin, it doesn't give you much benefit.

If you think it's need $500K to invest in gold, I'd say it's need $10K if you want to invest in Bitcoin.

Gold is like an end game investment for me, when you already have a lot money and you can't take anymore risk, so you buy gold just to hedge against inflation, not looking to earn anymore.

While Bitcoin right now still has a good potential to earn decent return with high security.

gold is investment for the already rich guy, the average joe won't benefit much from investing in gold with $100 worth of gold .

this is why i pick bitcoin over gold, just overall better opportunity to make money and also faster to grow too for the little guy like us, you should only thinking about investing in gold if your worth is $500k++ because only then we can talk about inflation crushing your asset. but lesser than that, I don't think investing in gold will be that much beneficial unless you really fancy the small return that gold offer which isn't really for me.

so I will choose bitcoin.

When I first invested in Bitcoin, the first model for its final price was based on Gold Capitalisation.
Despite Bitcoin's current lag in one key aspect, I believe Bitcoin has the potential to be a superior store of value compared to Gold.
Gold has been a valuable store of Value for more than 4,000 Years in the history of human civilisation.
After 14 years of work, the story accumulated hints that Bitcoin might be a better reserve than gold, yet many challenges must be faced to fully demonstrate that.  For sure things happen so much quicker than 4,000 years ago, so hopefully a short time is required

I think both investments have their own positives  and negatives. Mostly millionaires and billionaires are from bitcoin. The reason is bitcoin is the only fast way to become a rich person, if a person think that he will be billionaire in future by investment in bitcoin, he is right. That is possible, in last few years we saw many people who buy bitcoin at low price and then bitcoin price pump and market condition change and then they deposit their money and they became millionaires and billionaires. I think if someone want more safety and he want to take small risk and he want to become a millionaire slowly slow, he should go to gold but I am not taking about stocks of gold , I am taking about physical gold which you can touch.

It can be answered by for sure there are supporters on both Gold and Bitcoin. Like in this community, it's obviously that we are going to be pro Bitcoin as we have seen how it help up to have that financial freedom and it has a lot of advantages as compare to the physical Gold and I do not think that majority of us are investing, maybe a few jewelries but that's it.

And it's true, even in pandemic, Bitcoin become a hedge, and we never thought it's possible but we have seen people hedging their wealth on Bitcoin and even some of got their money from their government might have invested on Bitcoin that time and could have make a lot of money due to the timing of the bull run.

This is an eternal debate that can never be answered unequivocally, and maybe it is not necessary, there is an investor for every asset, there is too much money in the world, and I doubt that it will ever happen that one of these assets will have a very large advantage. You are talking about counterfeit gold, but now I often come across mentions of "dirty bytcoins", the reasons for this are well known to everyone, and although I consider this a great stupidity, this also exists. Ideally, I think it would be good if an investor wanted to see both of these assets in his portfolio.

Lot of people with which they had chosen and of course you are correct that not everyone would choose Gold or Bitcoin but it depends on individual likeness and passion, as I know if you have interest for bitcoin then you would go for it while those who loves and values bitcoin would definitely go for it instead of not knowing the one to choose.
There are some people who lose their gold due to the pandemic because of fear of death since death case where increasingly every day and they Will out their some of their possession.

Well both Bitcoin and Gold are fungible and durable. Bitcoin is a lot faster than gold and extremely portable. Gold often needs to be melted or cut just to verify that there's no element added, it's tungsten I believe, while Bitcoin as part of blockchain technology it is easy to verify if the fund is there or it's nonexistent. During the pandemic Covid, gold did skyrocket but price dropped as our economies slowly recovered, while Bitcoin's value wasn't falling alongside stock values during the pandemic, proves that the value of Bitcoin remains even pandemic until the new normal. On the other hand, it's very unlikely that all investors will choose between Bitcoin and Gold but what most likely to happen is that both item will have a place in a portfolio depending on preferences and risk tolerance.