Topic: Bitcoin or Gold which is worth investing in? - page 3. (Read 713 times)

This is true about the scarcity of bitcoin and gold but about the supply of gold, it's not yet wholly determined although there are some numbers projected or have been called it's not yet the final.

Compared to Bitcoin, we all knew that there's only 21 million of its units/supply.

As for gold's authenticity, there are a lot of fakes in the market and if the buyer isn't good at spotting the real and fakes, they might be a victim of those fake golds.

Unlike Bitcoin, it's very easy to spot the fake ones.

We as investors have the types of investments that we prefer. We're in the Bitcoin forum and everyone's preference is in Bitcoin.

And the gold standard is with the countries and the reserves that they have.

Asking which investment is better on a Bitcoin forum.
8 out of 10 people will say Bitcoin, rest will say you should decide for yourself or hold both.

What do you mean? What is the comedy here?

Amen.

This topic has been brought up at least 10k times since the time I joined the forum back in 2016. 

Let me break it down for those truly wondering about this topic...gold and bitcoin are DIFFERENT, and are NOT one in the same.  In a truly "proper" portfolio both gold and bitcoin can be a nice asset to have, but one does NOT replace the other, as they are NOT like items.  Gold is a legit physical item, used for jewelry, electronics etc..bitcoin is a digital currency, and not one in the same.

Own both, if you can.

This is pure comedy 

In terms of investment, the most profitable investment out of these two would be to invest in Bitcoin. Because the value of Bitcoin changes so quickly, it is not as stable as gold. It will provide higher returns than gold if held for a longer period of time. Gold has always been known as a stable investment. If we only differentiate between Bitcoin and Gold, then Bitcoin is more risky than Gold. Because the price of gold usually does not change as quickly as Bitcoin. If you are ready to take a little more risk and can adapt to market fluctuations, investing in Bitcoin can offer high profit potential. And if you are looking for a safe, completely risk-free and long-term investment, then gold can be a good option.

This question has been asked for a million times in this forum. Gold and Bitcoin, both assets have some positives and negatives. So my question is - why not invest in both?

Personally I invest in both assets. Nothing in this world can be flawless. So we will have to live with that. While Bitcoin can give you a higher ROI, gold will give you capital protection.

So instead of comparing, enjoy both assets to give a balance to your portfolio.

Make research and find out your preference because everyone has what they want or prefer at the moment and by this you would either get more people biased towards gold or bitcoin but that is only what they want for themselves not what's best for you.

I believe both gold and bitcoin has good qualities that is what invesing so looking for what's best I think you should prioritise investing in both equally or based on what you see as more profitable but of course bitcoin is far profitable than gold in the same quantity of time because of bitcoins volatility you can get more profit than in gold but gold seems to be more safer because of it's less volatile nature but it has other qualities both advantageous and disadvantageous qualities that you would first considered before going into conclusion.

Potential to get broke  

Last coin (if it will be mined) will be mined long time after we are all dead, so for us, today, it doesn't really matter.
Long time after our death new developers can decide fees are not enough to sustain mining operation and will switch to PoS like Ethereum did.

Again... This question, here on this forum... has no point. EVERYONE is biased towards Bitcoin.  

First of all, gold is not decentralized and it is not the same as Bitcoin - gold is controlled by central banks and governments. And if you see that gold is not really limited, it can still be mined, whereas Bitcoin's supply is limited to 21 million and you can't mine it anymore when the supply is exhausted. And when discussing which one is more worth it to invest in? I prefer Bitcoin, you can say various advantages of investing in gold, but I prefer Bitcoin to invest in right now, it has more potential and you can invest easily without needing a certificate like gold.

For an individual who does not earn so much, bitcoin offers an opportunity to invest. With any little amount that you have, there is an opportunity for you invest strategically from it through methods like the DCA, which if you do very well, you will still benefit. Investing in gold can be a bit difficult, because you may require a lot of money to invest and will need to store the physical gold when acquired.  Investing in both of them can be good too if you can actually accommodate the risk involved.

You can buy Gold anonymously with Monero  

No one in the right mind will buy Bitcoin outside centralized exchange because you can get worthless tainted coins that can get you in trouble.
Many people had their accounts banned due to tainted coins and Bitcoins seized, if you're lucky you will not be charged with crime that was attached to this coins.

Innocent until proven guilty is a myth, you will get a lot of trouble before they release you as a free man.

No, bitcoin is not scarce, its been driven by it demands and supply, while gold by the scarcity nature of how its been mined and refined.


Gold is centralized because you cant get it without going through a centralized institution or known person that sells for it, while bitcoin is decentralized because of the use of the p2p network.


Because bitcoin makes use of the blockchain technology which is an open distributed ledger, while gold work entirely on a platform different from this and you have to go through some process which requires kyc or physical appearance before you can acquire it.

Bitcoin and Gold are both very investable but individuals can invest on one's individual assets but both are age appropriate investments. However, investing in gold is less risky than Bitcoin, but the lower the risk, the lower the profit.  Just as risk is high in Bitcoin investing, so is the potential for profit. But if I were asked to invest, I would give more weight to bitcoin than gold.

And you're not biased ?  
You see OP ? there's no point of asking such question on a Bitcoin forum and I was not expecting different answers here.

You can buy smaller amounts of Gold easier than bitcoin because bitcoin fees are high and only get higher.
I can go to my local pawn shop and buy cheap gold necklace.

Bitcoin and gold are investment assets that are certainly the most popular at the moment. However, it cannot be denied that both assets have their respective advantages and disadvantages. For example, gold is an investment asset that is familiar to everyone. Maybe everyone in this world already knows what gold is. Gold has many uses, such as for making jewelry, electronic devices, health, and even food. So, with the many uses that gold has, it has its own advantages that make gold very good as an investment asset. However, the drawback is that gold has quite a lot of price supply, so the price of gold does not rise too quickly. Even within 10 years, the price of gold has not changed much. Maybe if we invest in gold, there is a possibility that the money we have could decrease in value due to inflation.

In contrast to bitcoin, although it doesn't have many uses, in my opinion bitcoin is more suitable as an investment asset and store of value. Because bitcoin has a clear cycle every 4 years. Apart from that, the price increases that always occur in bitcoin can also be said to be quite significant, so our money will definitely increase in value and of course we can definitely avoid what is called inflation. Apart from that, if we look at the era that has advanced to the era of digitalization, bitcoin is certainly superior to gold. So for me personally, Bitcoin is a better investment asset for now.

Gold can only hedge against inflation, it doesn't make your money grow. So let's say you invest $1,000 in gold and the inflation in your country is 10% per year, if you can sell your gold at $1,100, the purchasing power of your money are same.

While Bitcoin, it can raise more than 10% or lower than 10% per year, but if you hold for at least 4 years, it can double your money, which mean the return would be 25% per year.

I assure you that most investors aren't frustrated over gold prices, not as much as crypto plunging by 15% in 12 hours. Low volatility is preferred by practically every rational investor. The graph that you're showing is overly simplified, which is basically a cherrypicked time period.
Better performing economy. The economy was generally better after the financial crisis and the demand for gold dropped as people are more willing to invest in other investment vehicles. Similar to how most people argue with Bitcoin, 5 years is too small of a sample size to compare performance.

You need to understand how the general market works relative to each asset before you make your assumptions.

Gold is less volatile. But can the less volatile time be very frustrating as it frustrated people in 2010 to 2015 in a way its price behaved like Fiat price? I think it may be possible at anytime. What makes gold price to be devaluing at the time? You can see it from the image that I posted. It fall from above $1900 to below $1100 with the years.