Bitcoin or Gold: Superiority - page 3.

lepbagong

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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.

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Whether Bitcoin can be compared with gold as a hedge, hedge against inflation and become an investment choice in the future is always a hot topic of debate. The adoption of Bitcoin by institutional investors is just beginning, while for gold, it is natural for institutional investors to accept it. If this mid- to long-term thesis proves to be true, gold prices will suffer a structural headwind in the coming years. Despite the preference for gold, BTC and gold can still co-exist in the future. In order to serve as a proper store of value, cryptocurrencies must demonstrate the "longevity and security," which precious metals have demonstrated over the years. Accordingly, gold has actually been a safe-haven asset of choice for centuries. It has certainly prevailed and served as a stable financial instrument throughout a large part of human history. However, BTC also has its benefits, as trading and storing cryptocurrencies is accessible and requires no intermediaries like banks.

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Quote from: Wawa2013 on October 06, 2021, 07:27:09 AM

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.

Therefore I focus more on investing in Bitcoin, because it has proven to be more profitable than Gold. It is true that there is no guarantee that Bitcoin
will last as long as Gold, but if we see the demand for Bitcoin is increasing, I am optimistic that for at least a few decades Bitcoin will survive.
Although Bitcoin is now under pressure from several countries to ban Bitcoin, it is not a problem to worry about. If we look at history, Bitcoin has
been under pressure several times from several countries, but until now Bitcoin can still grow, even the price of Bitcoin is getting higher. So I still
believe the future of Bitcoin will be bright.

this is one of the positive thoughts and indeed when on this path I think you should think the same thing like this.
it's true when talking about bitcoin no one knows for sure what will happen in the future, whether bitcoin will get bigger or vice versa.
no one knows about it, everything just reveals all speculation but the evidence can only be us in the future.
but of course before stepping into the future we need to do something for today and now bitcoin is proven both in terms of volatility and in terms of market cap.
although there is a risk that must be taken, but as long as it leads to the better why not do it.

Sir Legend

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I think these are 2 different types of investments, maybe like grapes and apples so both are good, I'm never too big a fan to put my money in one place, if both are profitable of course dividing the money equally is the wisest thing.

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

Many? How much? You probably can't name a dozen of them without looking at google. You saw Microstrategy and Tesla buying BTC and that's probably all you know about. So "many" companies turn out to be 3 or 4.

Did you know that there are more companies demanding gold than companies demanding BTC? Gold is not only for the jewelry industry.
In fact, Gold has more use cases than BTC. What can you do with BTC? Not much, only speculating or hold, and if you want to spend it you most of the time need to exchange it for vouchers or fiat or something else done with a 3rd party.
Gold can be used in the pharma industry, electronics, jewelry, dentistry, architecture, aerospace...

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.

LimLims

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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?

If you comparing between Bitcoins and Gold (not Digital Gold), then BITCOINS will surely win.
It’s lot more easy and compact to hold digital asset than physical asset.
Moreover the price of Bitcoins has great potential in shorter period of time.
So definitely like me many people will chose Bitcoins over Gold.
Hope this helps you OP.

Wawa2013

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

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.

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.

Therefore I focus more on investing in Bitcoin, because it has proven to be more profitable than Gold. It is true that there is no guarantee that Bitcoin
will last as long as Gold, but if we see the demand for Bitcoin is increasing, I am optimistic that for at least a few decades Bitcoin will survive.
Although Bitcoin is now under pressure from several countries to ban Bitcoin, it is not a problem to worry about. If we look at history, Bitcoin has
been under pressure several times from several countries, but until now Bitcoin can still grow, even the price of Bitcoin is getting higher. So I still
believe the future of Bitcoin will be bright.

peter0425

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

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.

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.

That is something we all afraid of , about Bitcoin wont last for another 10 years but yeah let's enjoy what we are having now.

Bitcoin may not that standing long like gold but at least all of us gains profit more than what gold holders has in their 10 years of Holding.

so yes it is Bitcoin if we will be talking of our time now.

Pejoh Asu

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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.

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.

Oilacris

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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.

But havent you realized on trying to compare natural mineral on the earth and something that been created via code? Honestly you wouldnt really able to ignore that they are totally different.

There might be some impressions about being great just because it had able to overtake on one others value? It wouldnt really be enough considering the supply of both then

you could say that comparison would be meaningless or doesnt really have any point at all.Superiority? Why would need to choose one if we can have both?

LeGaulois

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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.

Many? How much? You probably can't name a dozen of them without looking at google. You saw Microstrategy and Tesla buying BTC and that's probably all you know about. So "many" companies turn out to be 3 or 4.

Did you know that there are more companies demanding gold than companies demanding BTC? Gold is not only for the jewelry industry.
In fact, Gold has more use cases than BTC. What can you do with BTC? Not much, only speculating or hold, and if you want to spend it you most of the time need to exchange it for vouchers or fiat or something else done with a 3rd party.
Gold can be used in the pharma industry, electronics, jewelry, dentistry, architecture, aerospace...

Hasan986

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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.

ninkdwi

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Quote from: Mr.sprin on October 03, 2021, 07:36:44 AM

Quote from: ninkdwi on October 02, 2021, 02:33:50 PM

Quote from: Mr.sprin on September 29, 2021, 09:41:13 AM

gold is an investment in the real world that physically can be handled directly and stored in a gold vault, the price tends to be stable, so gold is a lot of people who still want to invest, while bitcoin is a virtual currency and the price is unstable, so middle-class people rarely invest in bitcoin, only people who have a lot of assets or billionaires who invest in bitcoin and the risk of investing in bitcoin is also very large.

to say bitcoin is unstable then I agree with this, but to say that if the middle class rarely invests in bitcoin, only people who have a lot of assets or billionaires invest in bitcoin and the risk of investing in bitcoin is also very large I strongly disagree with this .
when you think like this I think you are quite naive to say that because for me personally everyone can invest here.
apart from the risk in investing it is a very reasonable thing because everything there must be a risk that must be accepted.
apart from all that, all can invest here. there is no specific classification in investing in crypto, especially bitcoin, all here are considered investors, both small and large.

I say that because I see that in the neighborhood where I live most of those who invest in bitcoin are only the rich and the lower middle class they invest in altcoins such as eth or bnb coins,

I don't know where you are from, but judging from your statement I think crypto especially bitcoin is still a taboo thing for your area now.
but that's pretty good because apart from you being able to take advantage of it to be a differentiator from the others, you can also be a pioneer in your area, especially in terms of crypto.
even though it's still a taboo for now but believe me it will soon change just by waiting for time

nurilham

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It is undeniable that investing in bitcoin and gold is a profitable investment. but personally I prefer to invest in bitcoin and other crypto. although gold investment is also good and quite stable but the profit that can be obtained is also not too big and takes a long time to be able to get a big profit. while investing in bitcoin or other crypto we can get much greater profits, besides that we can choose to invest long or short term. but we know that not everyone can keep up with technological developments like bitcoin or other cryptos so I think they both have their advantages.

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As for me, these are two fundamentally different options for investing, even in their essence. Because gold is more stable, you already know what to expect. Bitcoin, on the other hand, is a more complicated option.

I think no none would argue that gold is more stable in the short-to-medium term, but we don't know what to expect from gold in 20 years. Yes, it will never be of zero value, that's for sure, but it can lose 80% of its today's price for the reasons I was talking about earlier in this thread. As for Bitcoin, I'm not saying we can know what to expect in 20 years. We can't. I just want to emphasize that it's similar to gold in this regard.

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Quote from: ninkdwi on October 02, 2021, 02:33:50 PM

Quote from: Mr.sprin on September 29, 2021, 09:41:13 AM

gold is an investment in the real world that physically can be handled directly and stored in a gold vault, the price tends to be stable, so gold is a lot of people who still want to invest, while bitcoin is a virtual currency and the price is unstable, so middle-class people rarely invest in bitcoin, only people who have a lot of assets or billionaires who invest in bitcoin and the risk of investing in bitcoin is also very large.

to say bitcoin is unstable then I agree with this, but to say that if the middle class rarely invests in bitcoin, only people who have a lot of assets or billionaires invest in bitcoin and the risk of investing in bitcoin is also very large I strongly disagree with this .
when you think like this I think you are quite naive to say that because for me personally everyone can invest here.
apart from the risk in investing it is a very reasonable thing because everything there must be a risk that must be accepted.
apart from all that, all can invest here. there is no specific classification in investing in crypto, especially bitcoin, all here are considered investors, both small and large.

I say that because I see that in the neighborhood where I live most of those who invest in bitcoin are only the rich and the lower middle class they invest in altcoins such as eth or bnb coins,

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Quote from: Dhaniii on October 03, 2021, 03:06:29 AM

I think both are good for investment, because bitcoin and gold have their respective potentials and also have different levels of security. if you are an expert in the field of trading, of course bitcoin is superior for you and for those of you who like to keep assets for a long time and don't like trading, then gold is superior for you. so both have their own specifications.

There's no sense of having a debate which one is superior because we know in the long run, both of them are profitable. They might only differ in some ways. Bitcoin is being used as a store of value and a currency while gold alone serves only as an investment and its up to you if you will hold it for long term. For some, they have chosen bitcoin because its clear that its profits is 10x higher than gold but for some who prefer more stable and solid investment, gold is their choice. Maybe we might differ in our personal choices but we know at the end of the day, the amount of profits is still that matters most.

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I think both are good for investment, because bitcoin and gold have their respective potentials and also have different levels of security. if you are an expert in the field of trading, of course bitcoin is superior for you and for those of you who like to keep assets for a long time and don't like trading, then gold is superior for you. so both have their own specifications.

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Quote from: Ngewex Yuk on September 30, 2021, 05:17:01 AM

I think gold is superior to bitcoin, we must be aware and don't close the fact that gold is a type of investment that has been actively used since thousands of years ago, from humans knowing buying and selling, gold will continue to be used at any time, while bitcoin, many pessimistic experts can last 100 years again.

That's very much correct. Gold has market cap of over 11 Trillion USD while BTC is under 1 Trillion USD. Gold as compared to BTC is more stable and matured market. BTC is new that doesn't mean it does not qualify to last for centuries. If I have to invest I will invest half of my money in gold while half in BTC. As its better not to put all your eggs in one basket.

redlink96

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If we are talking about getting more money, I think bitcoin is the best investment, why? Of course we all knew that bitcoin gave more benefit and income to almost all crypto users.
But if we are talking about keeping our asset value, gold is the best one. First the price is stable, the price will grow slowly and almost like the bank systems which counting rate, inflation, etc. So the price will always stable, that's why gold is good for longterm saving/investmen.

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