Bitcoin or Gold: Superiority - page 2.

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Quote from: ConnerDalfino on September 18, 2021, 05:30:11 AM

Question

The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?

Here are my thoughts

A valuable store of value and medium of exchange, gold has been around for five thousand years.

Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.

How do you feel about this?

There is a reason why some rich people prefer gold and oil to crypto: uncertainty.
Cryptocurrency has no backing entity, and no certainty. It isn’t even very easily predicted since it isn’t tied to real world assets. Money and investors like predictability. But even though it's not a traditional investment, it surely is a good type of investing, especially when you use your head.

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Quote from: agg2702 on October 13, 2021, 02:09:50 PM

Quote from: amihada on October 12, 2021, 10:07:42 AM

gold and bitcoin are the same as long-term investment benefits, but in my country many people are still new to bitcoin, they still believe in gold for investment.

this is an opportunity for you to try different from the others, then a few years later you compare the results.
This will be great for you to do because trying to be different from others doesn't mean we are being disowned.
although the stigma may be different, this is precisely the reason you stay here and invite the people closest to you as much as possible because I am sure the results will be better.

true my friend has done as you said even i have sold gold then i invest bitcoin i am very sure that bitcoin investment is much more profitable than my gold investment.

NicNacCoin

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Gold and Bitcoin are both very popular all over the world. Gold though has its use all over the world and there are no restrictions. Bitcoin is banned in some countries. But if you ask me to judge, I will Of course I will evaluate Bitcoin. Because now bitcoin is much more valuable than gold. If you can keep bitcoin you can get a lot of money at once.

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Quote from: amihada on October 12, 2021, 10:07:42 AM

gold and bitcoin are the same as long-term investment benefits, but in my country many people are still new to bitcoin, they still believe in gold for investment.

People don't need to leave Gold, they just need to have another investment in Bitcoin. Gold has been a trusted asset for many years, people must still have it for their future investment. With Bitcoin, they will have another investment, which is a great digital asset. It is not a must to choose one of them, the best way is to have both of them. We believe Gold and Bitcoin as the best assets for future life.

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Quote from: chanler on October 13, 2021, 04:46:06 PM

bitcoin or gold both have their respective values and advantages, and we can choose one of them to invest. it's true that gold has appeared first but that is not a benchmark that gold investment is better than other emerging investments such as bitcoin investment. investing in bitcoin or gold is an option depending on the beliefs and needs of each. but if you can invest in both then that's much better.

Correct! But have you weighed the advantages and disadvantages of both assets? Yes, Gold is an asset but can you store it at home without requiring extra security? If there was a thief, wouldn't your concern be to hide it? If you want more security, you have to take it to the bank which takes you to centralization. Unlike Gold, Bitcoin can be stored by you without requiring any extra (or physical) security. It is as small as data(obviously). There's no way it can be detected by anyone(You can own some Bitcoin and yet there'll be no way anyone will discover unless you let them). ETC!

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bitcoin or gold both have their respective values and advantages, and we can choose one of them to invest. it's true that gold has appeared first but that is not a benchmark that gold investment is better than other emerging investments such as bitcoin investment. investing in bitcoin or gold is an option depending on the beliefs and needs of each. but if you can invest in both then that's much better.

Baskeyairdrop

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Quote from: Tim-BTC on September 18, 2021, 06:21:45 AM

The correlation between Bitcoin and the two is almost zero. Bitcoin is an ideal tool for spreading risk. In addition to traditional investment products, bitcoin can account for more than 30 percent. I’m 70% bitcoin, 20% altcoin, and only 10% bank fund.

I read this and couldn't help but contribute to this. If you are a risk taker, then bitcoin is the way for you but not withstanding, bitcoin is the way in this century,.

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Quote from: rudolfaxl on October 13, 2021, 11:02:16 AM

On the matter of Bitcoin or gold, I do not consider gold an investment but just a safe savings for myself. I think the price of bitcoin increases not because it competes with gold but because bitcoin competes with a weak currency with high inflation rate. Therefore, investing in a project with a high rate of return like Bitcoin is one of them top picks of traders and i think we all see the potential and huge profits from bitcoin rather than gold.

it would be better to call it a savings because indirectly the value of gold is not eroded by inflation significantly and rarely changes drastically, making gold savings a good choice with a level of risk that tends to be easy to manage in contrast to crypto, especially bitcoin which is very difficult to regulate it even to predict it requires TA that is carried out on an ongoing basis.

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I believe in Bitcoin than gold because Bitcoin investment can change life just a month when Bitcoin rises but gold take years compare to the Bitcoin. and for my own observations gold are mainly use by many People as fashion or investment so it is not well secure as Bitcoin that you can get in wallet and nobody will know.

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Quote from: amihada on October 12, 2021, 10:07:42 AM

gold and bitcoin are the same as long-term investment benefits, but in my country many people are still new to bitcoin, they still believe in gold for investment.

this is an opportunity for you to try different from the others, then a few years later you compare the results.
This will be great for you to do because trying to be different from others doesn't mean we are being disowned.
although the stigma may be different, this is precisely the reason you stay here and invite the people closest to you as much as possible because I am sure the results will be better.

rudolfaxl

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Quote from: ConnerDalfino on September 18, 2021, 05:30:11 AM

Question

The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?

Here are my thoughts

A valuable store of value and medium of exchange, gold has been around for five thousand years.

Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.

How do you feel about this?

On the matter of Bitcoin or gold, I do not consider gold an investment but just a safe savings for myself. I think the price of bitcoin increases not because it competes with gold but because bitcoin competes with a weak currency with high inflation rate. Therefore, investing in a project with a high rate of return like Bitcoin is one of them top picks of traders and i think we all see the potential and huge profits from bitcoin rather than gold.

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gold and bitcoin are the same as long-term investment benefits, but in my country many people are still new to bitcoin, they still believe in gold for investment.

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Quote from: ConnerDalfino on September 18, 2021, 05:30:11 AM

Question

The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?

Here are my thoughts

A valuable store of value and medium of exchange, gold has been around for five thousand years.

Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.

How do you feel about this?

Gold has been in our world for a thousands of years now and it has been proven historically as an investment or an asset and it has been a luxury provided to make much more in return.
But bitcoin is far more superior than gold in this era, bitcoin is undoubtedly much more valuable as an asset/investment than the gold and provides much more return. Given that the bitcoin is highly volatile and extremely risky but it's still proven to make huge returns.

But the scarcity of gold will make some huge impact on the price of gold in the years to come. For now I'd say that the bitcoin is much more superior than the gold.

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Quote from: LeGaulois on October 11, 2021, 06:54:11 AM

Quote from: Betwrong on October 06, 2021, 08:29:11 AM

Quote from: LeGaulois on October 05, 2021, 02:54:31 PM

Still the main use of gold is for jewelry, and it's questionable whether gold will be in demand in this industry in the future.

And I disagree on "only speculating or hold".

Many of us here, including you, receive payments in BTC. Receiving payments in fiat currencies would be much more complicated.

I didn't deny it.
Yes, the main use is for the jewelry market (for about 60% actually) and it's not going to change contrarily to what you think. The demand will be the same, more or less. We're using gold for the jewelry before Ancient Egypt, 3000 years ago before Jesus Christ.
Why and how will it change in the future (near or not)

on "only speculating or hold"

Yes, some people (including me) receive payments in BTC, well what I call real uses cases. But face the reality, the percentage of people using BTC for something else than 'real use 'case' (and here I mean only speculating) is the vast majority.
70% of the transactions on the bitcoin network are related to trading activity. I could link the research if you don't want to believe me.
Not even a need for research to guess it, we perfectly know the crypto sphere, it's just a matter to accept the reality

I agree with you in general. Regarding receiving payments in BTC, I just wanted, once again, to bring to the attention of people monitoring this forum that there are those who are paid in BTC. How many of such people are there, is another question. I think - less than 0.01% of the world population currently, but I hope things will be changing fast in this department.

Why do I think that gold can lose its value in the future is because we already have some examples. In this article read about Dyes and Crystals. I think something similar can happen to Gold.

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Quote from: Betwrong on October 06, 2021, 08:29:11 AM

Quote from: LeGaulois on October 05, 2021, 02:54:31 PM

Still the main use of gold is for jewelry, and it's questionable whether gold will be in demand in this industry in the future.

And I disagree on "only speculating or hold".

Many of us here, including you, receive payments in BTC. Receiving payments in fiat currencies would be much more complicated.

I didn't deny it.
Yes, the main use is for the jewelry market (for about 60% actually) and it's not going to change contrarily to what you think. The demand will be the same, more or less. We're using gold for the jewelry before Ancient Egypt, 3000 years ago before Jesus Christ.
Why and how will it change in the future (near or not)

on "only speculating or hold"

Yes, some people (including me) receive payments in BTC, well what I call real uses cases. But face the reality, the percentage of people using BTC for something else than 'real use 'case' (and here I mean only speculating) is the vast majority.
70% of the transactions on the bitcoin network are related to trading activity. I could link the research if you don't want to believe me.
Not even a need for research to guess it, we perfectly know the crypto sphere, it's just a matter to accept the reality

Betwrong

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I stand with Ukraine.

Quote from: stomachgrowls on October 08, 2021, 08:57:04 AM

Quote from: ?? on ??

Nowadays, many people really prefer Bitcoin. As for me, this type of investment can bring really good results.

Good results for long term but that one wont really be a guarantee. Superiority is something that is quite irrelevant on where trying to make out some comparison between gold and bitcoin?

None of them would took the throne because this is something that shouldnt really be compared at all.Just like what others been saying that a natural mineral of this world and a digital currency
is totally different.They do function on different thing and also they do have different value but what matter most here is that both is really capable on giving out potential profits in long term
but somehow security and assurance will really vary or depend.

I think many people here want to compare BTC vs Gold in relation to investments. You can compare anything with anything in this regard. If you google "best investments in 2021", you'll see many very different things in the top 20, and yet people compare them.

But I agree with you that in other respects it's hard to compare the two.

I'd say "Gold belongs to the past, and Bitcoin is the future", but I know that not many people would agree with me even on this forum, let alone outside of it.

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Quote from: ?? on ??

Nowadays, many people really prefer Bitcoin. As for me, this type of investment can bring really good results.

Good results for long term but that one wont really be a guarantee. Superiority is something that is quite irrelevant on where trying to make out some comparison between gold and bitcoin?

None of them would took the throne because this is something that shouldnt really be compared at all.Just like what others been saying that a natural mineral of this world and a digital currency
is totally different.They do function on different thing and also they do have different value but what matter most here is that both is really capable on giving out potential profits in long term
but somehow security and assurance will really vary or depend.

Blawpaw

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Right now, Gold is increasingly being searched for its characteristics as a raw material due to the space industry. However, Gold is only scarce on our planet as while in the cosmos it is an abundant material. In case space companies start Space mining, once they get to an asteroid that has more Gold than in the earth its price will surely plummet. Contrary to that, bitcoin will only ever have 21M assets and that number cannot change. This makes it one of the scarcest assets on earth and the logic is that its price, due to its real-life application, increases indefinitely.

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Bitcoin and other altcoin investment is the best any wise investor can do right now. Though, some investors are still scared of cryptocurrency. To me, Cryptocurrency is future.

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Quote from: lepbagong on October 07, 2021, 01:43:20 PM

Quote from: Hasan986 on October 04, 2021, 04:43:44 PM

I would personally say Bitcoin. Bitcoin is currently in demand. Many different companies are constantly investing in Bitcoin. At present its price is 45 thousand, in future it will not take more than 1-2 lakh.

if the company is clearly unlikely to buy gold for investment because it is impractical to store it, it is certain that the company will focus only on stocks, forex and now bitcoin is probably very popular too.

it all depends on the company, what they think is very supportive for the further development of the company's finances, besides of course the main work being carried out. because saving investments for large companies is very important than just saving in the bank.

you are right bitcoin, has great potential for the long term because it will always increase sharply compared to just stocks and forex. because every halving (4 years) will be achieved renewable ATH for bitcoin, which is not owned by other systems.

Quote from: Pejoh Asu on October 06, 2021, 05:42:25 AM

Bitcoin is certainly more profitable than gold, but we don't know if bitcoin can last for a long time like gold, the biggest test of bitcoin today is being able to overcome pressure from countries that banned bitcoin, so that bitcoin development can be free like gold.

Of course, all will clearly agree that bitcoin will be more profitable than any investment for now, no exception when compared to gold, bitcoin is still superior.

bitcoin will remain the same as gold, as long as all need and use and store bitcoin, it will not disappear. if only pressure from the government is a natural thing, because usually they don't have standard rules for the existence of bitcoin. because bitcoin is vulnerable to abuse, it is clear that the state must guard against this happening.

so there is no doubt that for now bitcoin will be able to attract many people to invest in it, because it is clearly very profitable even when compared to other investments. we don't know in the future if anyone is able to make a match like bitcoin, as long as there isn't, bitcoin will always be sought.

In terms of profits, its very clear that bitcoin takes the lead. Its value is definitely huge compared to gold. But the only thing that makes investors doubtful to invest in bitcoin is due to its high volatility, the value suddenly pumps or dumps depending on the market's condition. And this creates more confusion especially to those who did not know bitcoin well.

However, gold may have a lesser value compared to bitcoin but there's no high fluctuations happening in it. It's value is fixed and may only get to increase if the demand gets higher but that only happens very seldom. But since it's a traditional way of investment, people find it quite irresistible to resist.

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