Topic: [Bitcoin or Gold] choose correctly - page 3. (Read 958 times)

If I can turn I would love to have gold and bitcoin as part of my investments, as it's all part of multiple investment strategy. But if just one is given then it's bitcoin for me right now. It's obvious the gold has been in existence for over centuries and has a wide acceptance as store of value to many individuals and government, a feat that bitcoin hasn't come close if we're to be realistic and honest with our contrast. But I chose bitcoin for many reasons, it's simple to hold, store and secure privately, and the ecosystem is still somehow new with much opportunities to take hold of in creating wealth for the future as the currency keeps growing value.

I had to sort it out even though in the end my answer was that the correct choice for these two choices was both, Bitcoin and gold.

I chose Bitcoin for the main reason that it is a long-term investment. The explanation is that Bitcoin globally in the next few years will become the center of world attention in an economic system where more and more people are placing their hopes on Bitcoin, where data shows that its circulation has almost reached a total of 21 million created.

Gold is an investment asset that has a value above inflation, even though the stable level of gold is a source of support when needed due to not running out of fiat or as reserve funds.

If i do have that sufficient money then why would really be needing up to choose in between if you could have both? Bitcoin is much more better if we do speak about profitability in a short period of time or
something which its value could really be able to go into a certain level on which gold couldnt really be able to surpass or simply speaking about price volatility, but cant really be denied that gold investment
is also that looks interesting on which this is why on the time or moment that i have sufficient money or capital on which i could really be able to diversify my investment then i would be considering gold
to be included into my investment.Somehow this would be particularly be depending into someones choice because if you do found yourself having that sufficient amount of capital then you would
definitely be going into some investment on which it could potentially bring up that fast return or profits on which this could really be found on Bitcoin.

[Bitcoin or Gold] choose correctly to be honest why not choose both I mean both are investment tool the only difference is one is already lived on earth for a long time and proven as a safe haven asset and the other one has already proven can give you double-digit APY and act as safe haven against inflation.

Today Inflation is crazy frenn. War already started at some places. Geo Politics is uncertain and things can go wrong. By investing both of it I think is the best option right now gold for safe haven and bitcoin to grow your money.

Although Gold may have all that physical characteristics of being used for beauty/design, decoration and a store of value that makes it exceptional from bitcoin, because bitcoin doesn't have that physical features/nature or property. But I still prefer bitcoin over Gold because bitcoin can be traded online while Gold can not. bitcoin is more volitille than Gold and it can be bought at any given time from the comfort zone of a person. You can also buy huge amount of Bitcoin and store in a wallet for a very long time of over 50 to 100 years because it is compatable. But Gold is like "matter" it has weight and occupies space. Meaning a gold of $7b will occupy a large space while a $7b bitcoin will be in a wallet without notice of anyone. Bitcoin doesn't need to be stored in the bank or voult but gold can be stored in bank or voult. So in all ramifications bitcoin is more preferable than Gold.

You cannot use bitcoin without an internet-connected device, you cannot use bitcoin in places where bitcoin has not been accepted or many people do not know about bitcoin. Meanwhile, with gold you can do all of those things because gold has become so familiar around the world.

Although gold is bulky and we would have difficulty storing or moving it in large quantities, storing bitcoin also carries certain risks. For example, hackers, viruses or unfortunately you accidentally lose the seed phrase, you almost don't have a second chance to get your bitcoins back.
Obviously, both have advantages and disadvantages and depending on each investor's needs or preferences, I think both are worthy of being in everyone's investment portfolio.

That's the point why I think if I'll invest into precious metals, I'd go with the gold jewelries. Well, there truly are cons and pros to this and I know that for the fact investing in gold bars is really a good one. Thus, why most countries have their gold reserve in that form and nothing is going to beat that with that reference.

Not only with capital but also with what I have said that you need to carry it and as obvious, the heavier it is, the greater of its value.

Yep, you are right.

The members of this forum must prefer Bitcoin whatever the reason. We have no reason to join this forum because of choosing gold.  
Well, everyone must try to invest in some assets, whether safe assets and risky assets. We know the term of diversification, we probably won't rely on Bitcoin or Gold only. We should prefer to invest in both of them. Even, I believe we may invest in more assets such as lands, property, or etc. This is the way to deal with the risks and increase the opportunity of optimum profits. However, we must have specific allocation for each assets. I my self surely prioritize Bitcoin, I spend around 60% of my funds on Bitcoin and altcoins. The rest, I will buy Gold or other assets. DWYOR

There is always a debate between these two investments because they both have different characteristics and each has its own advantages. Indeed, if we talk about who is superior in the long term, the answer is of course investing in Bitcoin because it has the potential to provide many benefits compared to slow gold. But whatever it is, in my opinion both are long-term investments. However, it would be even better if we had both investments.

Another advantage of bitcoin is of course that it is easy to access anywhere using a smartphone and easy to carry anywhere. This is very different from gold. It is difficult for us to carry it everywhere in large quantities, especially if we travel abroad. Regarding security, bitcoin is also very superior to gold, bitcoin is 100 times more advanced than gold and bitcoin is freedom.

I think this topic had been discussed on several occasion in choosing between bitcoin or gold that which is the best, here on the forum, we are not in support for bitcoin because its a digital coin in which was launched by the creator of this platform, but because it is what we all know to be real and true about all that people were saying about it for adoption and profitability, including decentralization which were all part of the added advantages you can get from bitcoin over the use of gold as an asset for an investment.

There isn't really a correct answer to these type of questions, I understand that people want a yes or no type of answer but sometimes it is not anything that will get a result if you just pick one or the other. There will be times in history when holding gold is better than holding bitcoin and there will be times when holding bitcoin will be better than holding gold. This is why we can't really make any type of change at any given moment, it just won't work that way.

We need to make sure that we can handle with something that will get some time, and because of that we should consider the fact that we could probably make it all the way to everything in the end.

We need to consider that if all goes well, then bitcoin should be better because we are near the bull period now and after halving, so the price will end up going up, or at least it's hoped to be going up. Gold could be better once again in the future, but for the next one year or so, I am hoping that holding bitcoin should be better deal, if I am wrong and it is not, then it means a lot of people on the market is already wrong, and that will not be something that people will be happy about neither, we are going to end up being quite upset.

I'm ok with what you say but not about the bad side of Gold and its exploitation. We have the tendency to forget there are many things that can be done to limit the environmental impact. It was a point that concerned the Minamata Convention (a decade ago). But as you know, as long there is a lot of money to make, they don't really care about environment.
As you can mine bitcoins with green energy, you can mine gold more correctly, a kind of "green gold". There are labels such as Fairmined and Fairtrade.



Funny because yesterday Vladimir Putin has warned of the “uncontrolled growth” in electricity consumption required for cryptocurrency mining in Russia.

It will all depend on each person's preferences and needs, both assets are good and have different advantages and disadvantages as well as use cases. In addition, those who are smart investors will choose to diversify both instead of putting all their eggs in one basket.

I agree, if you have the ability to invest in gold, you should choose gold bars instead of gold jewelry because gold jewelry has a large price difference when buying and selling. But investing in gold jewelry will be easier because it doesn't require too much capital, but with gold bars we will need a large amount of capital. That is probably also the reason why many people hesitate to invest in gold bars.

I know that they're not the same but with jewelries, they're more usable and easy to liquidate since people know its value and they're still desirable up to this day.

But you don't have to carry all the weight. I know that bars are more valuable than the jewelries but you're not convenient bringing that to the store or pawnshop or wherever you want to sell it when you've got that much. But with this, Bitcoin wins this kind of problem.

Yes, being biased is out of the question because the question and the thread are on a Bitcoin forum so, the obvious choice is there.

While that might be true.

There are investors that focus on one thing and put an all out of their asset on it and don't want to go anywhere. And when that investor matures, that's the time when diversification happens.

Gold is a good option but I can't speak for myself because I have never owned gold and never bought it. I'm already good holding the digital gold of this era, Bitcoin. 

You can choose both though? I don't really see any conflict between the two but if you were asking which asset to choose first to invest to, I'd generally advice Bitcoin. As you've said, it's a lot more accessible and has basically no minimum limit on how much you can buy, unlike gold. If you have some sizeable amount and can afford both, then why not just buy both in the first place? People advise all the time to spread out your portfolio after all.

Though I guess with the same mindset like you OP, most people would also choose Bitcoin. I mean who would choose something they see as for "fashion" only as their first asset to buy no?

Also we are in bitcoin forum so for sure if there would be a question like this for sure all will prefer to choose bitcoin since there would be a bias upon selecting an asset to have.

But in reality of that investment choices for sure the investor would select both, since its really  more better to adapt those two good asset since we can take advantage on its potential. BTC and gold price rise up that's why its good for us to acquire this especially if we are fine waiting for price to appreciate for more longer years. I invest on bitcoin and also I frequently acquiring gold then yet so far I'm bullish with these two assets.

I think the choice is very simple, you don't have to choose at all - Bitcoin and gold both have their advantages and disadvantages that everyone should consider.

Gold has been in human culture for thousands of years, it has its indisputable value and trust in every corner of the world. In addition to jewelry and as a store of value, gold is also used in the manufacture of electronics, and even has medical applications or in the manufacture of glass and in many other areas. In the event that some kind of global disaster occurs and the world is left without electricity and the internet, gold will always be a means that people will use for trade.

The bad side of gold is that its exploitation is a very dirty and destructive business for the environment, you only have to look at the example of Guatemala and the massive destruction of primeval forests to get to the gold - and it's like that all over the world.

In a way, Bitcoin is digital gold with one important difference, it has a limited supply, which is very important to emphasize when comparing it with gold. Also, regardless of the fact that some persistently try to impose their agenda about how BTC mining pollutes the environment and consumes too much electricity, these myths have long been dispelled and are believed only by those who are unable to check the facts themselves.

Bitcoin is an extraordinary innovation in the digital world that allows us to be our own bank, and therefore to make transactions with anyone at any time without having to ask for anyone's approval. In addition, those who invested in BTC only during the past 10 years can today be considered really rich people (depending on how much they invested), and those who bought gold can be happy if they at least partially preserved their value.

That is on point because a bias of ours can be said that we're choosing it correctly because we like it and we know much about it. But that's the advantage of knowing what suits our investing style.

And telling that choosing subjectively, each investment really differs and one can be the better asset for you and not for the others and vice versa.

Like in us, we're all Bitcoin investors and if not, most of us here are but we don't know if many of us here are also gold enthusiasts and investors.

I think the majority of us here would probably choose Bitcoin over Gold. But that doesn't mean you don't want gold. It's just that this is really about choices if you have to choose one of them. of course bitcoin is also my choice. Because the reason is because I see the potential for quite large profits in the future if we hold it from now on. because I think greater adoption will continue to come. And the limited supply of bitcoin will make the price much higher than we imagine in the future. Gold is just my preference when it comes to storing value. but regarding investment and profits, Bitcoin is the choice that I choose with confidence. Because now we are moving in an era of digitalization where everything will move more in the digital sector or on the internet. So the level of transactions on the internet will increase and the use of crypto will one day become commonplace for everyone.