Topic: Bitcoin or Gold: Superiority - page 9. (Read 1029 times)
Both of them can gain profit however the biggest profit will be from Bitcoin. So the choice for me is btc, how ever due to its volatility, you need a perfect timing whether in what time you will buy in order for you to gain more profit. In the long run, the highest possible earner if you bought the two is still btc.
There are up to 180 billion dollars in gold trades on daily exchanges, while Bitcoin has only about 35 billion dollars.
Most of the major countries hold huge amounts of gold, up to tens of thousands of tons. In addition, institutional investors and individuals also own a large amount of gold.
In terms of capitalization, gold is many times larger than Bitcoin.
The world is gradually changing, people are paying more attention to Bitcoin. In the distant future, Bitcoin could have a market capitalization equal to gold and a larger trading volume.
GOLD
BTC
Most of the major countries hold huge amounts of gold, up to tens of thousands of tons. In addition, institutional investors and individuals also own a large amount of gold.
In terms of capitalization, gold is many times larger than Bitcoin.
The world is gradually changing, people are paying more attention to Bitcoin. In the distant future, Bitcoin could have a market capitalization equal to gold and a larger trading volume.
GOLD
BTC
For me its the same however, in terms of superiority, use cases and legality. We all knew gold is the winner here. On the other hand, bitcoin somehow gives us a very huge profits but its not all about profits since its value could also turn down anytime. So we cant say bitcoin is that sustainable compared to gold that every country accepts it for its very spread usage all over the world.
When it comes to situational utility, I would say that gold is much more superior because it can still be traded and available in a economic collapse or hypothetical apocalypse setting, people likes shiny things so it's still has some worth. But no doubt that bitcoin is superior in terms of growth though.
I think the value of gold is not really rise or fall, it is fiat price that fluctuates and tend to fall. I don't consider gold as investment but just a safe saving. I think the price of bitcoin rise is not because of it competting with gold, but it is because bitcoin competting with weak currency that have high inflation rate. People start to doubt about fiat money and looking for an alternative currency such as bitcoin.
gold and bitcoin, managed to become one of the most profitable investment assets in the first half of this year. However, the simultaneous increase in the value of the two assets brings back the creation of which asset will be the better store of value. Gold or Bitcoin, which is more profitable? if I personally think I prefer to invest in bitcoin, the big risk is definitely the profit we get will be great too..
if I personally prefer bitcoin, because the price of bitcoin is so tempting and investing in bitcoin in the long term will certainly provide fantastic profits, if I invest in gold, the profits that are obtained are certainly thin, even though bitcoin has a high risk. great, I still choose bitcoin as my favorite ..
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.
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?
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?
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