The answer depends on what you're currently prioritizing. My investment right now tends a lot more towards gold rather than Bitcoin and it's for a fairly good reason.
Gold is far less volatile and is less affected by major policy changes or the economy in general. I'm not as comfortable with putting the majority of my assets into Bitcoin precisely because it is comparatively riskier than traditional assets. I do believe that Bitcoin has a future, but as far as the general market goes, Gold is a safer choice and far more stable for the average joe. I'm neither encouraging or discouraging you to invest in either, do your own research and understand how each currency works before making your investment decisions.
Topic: Bitcoin or Gold which is worth investing in? - page 4. (Read 713 times)
First of all, I would like to show you similarities between Bitcoin and gold.
The value of both are driven by both scarcity and demand.
The both are decentralized, and the both have limited supplies, the list goes on...
The value of both are driven by both scarcity and demand.
The both are decentralized, and the both have limited supplies, the list goes on...
The supply of gold in the global market might be controlled but I still doubt if the supply is limited. There are still many untapped gold mines, and some illegal gold markets still exist. But Bitcoin supply supply is limited.
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Bitcoin or Gold which is worth investing in?
Both of them are good investments, but gold has lasted for a longer period. Bitcoin is technologically driven and has the advantage of promoting privacy. A good investor would diversify his portfolio, and both of them are good areas to invest in. But my first choice will be Bitcoin since I can easily control my investment and don't need to go through any central authority to own it.
Bitcoin and gold share similarities as store of value,and hedges against inflation.
However the differ in transfer speed, portability, security and transfer speed.
If investing, investor should consider their individual financial goals, risk tolerance and market understanding.
Why not both with a portion that you can determine yourself, because regardless of the similarities, differences in advantages and disadvantages of Bitcoin and Gold as long as there is an opportunity to make a profit then I will take it without having to consider here and there but in the end it is just nonsense. Realistic in investing and being able to manage it, people tend to take it as an opportunity to enter early. The way of thinking of the whales is when we are busy and hesitant to weigh this and that, so in my opinion if you have adequate finances, gold and bitcoin are worth investing in, but if you can only choose one, then choose according to your suitability in controlling it efficiently, safely and without the need to involve other parties. However the differ in transfer speed, portability, security and transfer speed.
If investing, investor should consider their individual financial goals, risk tolerance and market understanding.
Talking about the rate of bitcoin and golds liquidity, I'd say the gold is more highily liquefied but the fact that bitcoin has limited supply which gold doesn't, then there's every tendencies that bitcoin will overtake gold in just matter of time.
Preferably, bitcoin is better to be invested in considering that it's digital which means you can execute transactions at your comfort with physical limited risks. And While holding for profitablities, it can also be useful to alternative means to make payments or exchange of fiats on a digital notation.
Preferably, bitcoin is better to be invested in considering that it's digital which means you can execute transactions at your comfort with physical limited risks. And While holding for profitablities, it can also be useful to alternative means to make payments or exchange of fiats on a digital notation.
Not that they are biased. Bitcoin is giving higher ROI.
It's a gamble, that what it is and your answer is biased.
Bitcoin is worth over $1.1 trillion dollars. That is not gambling.
It is likely that you have not been reading experienced member post on this forum. Take it or you leave it, bitcoin is considered as a speculative asset in short term while a store of value in long term. If the bear market has began, when the price of bitcoin has decreased very well, it will give another opportunity to start DCA or buy at once. Many of us on this forum understand. That is the reason most of us will go for bitcoin.
Gold is a boring investment for me. It is good for rich people. I mean very rich people. You can buy just $50 worth of bitcoin or even less but which you can not do with gold. I can buy bitcoin and no one will know I bought it. Gold is physical and needs more money for saving it, unlike bitcoin that will take me just a cold wallet and maybe with multisig option to hold the coins in a way no one on earth can have access to my coins.
Just as it is in my earlier post above, you can diversify. But if I should go for one first, I can not think of gold but bitcoin.
Not that they are biased. Bitcoin is giving higher ROI.
It's a gamble, that what it is and your answer is biased.
The fact Bitcoin is volatile and gold is more stable , and the fact that gold has high liquidity and Bitcoin is still growing, makes investments consideration quite tough.
None is stable between them both. Gold is less volatile. Bitcoin is also having high liquidity. Just that gold has higher marketcap and also can be more liquid but if you want to buy or sell millions dollars worth of bitcoin, you will be able to buy and sell it right away. I prefer bitcoin investment after a significant bear market but it is good to diversify.This question has been asked here too many times and it doesn't make sense to ask on Bitcoin forum which is a better investment because people here will naturally be biased towards Bitcoin.
To ask this question you would need to find neutral forum for investments.
Not that they are biased. Bitcoin is giving higher ROI and it is the best asset since a decade ago if you compare both and the money someone will gain. To ask this question you would need to find neutral forum for investments.
The biggest difference is time, gold is thousands of years old while bitcoin is only a few years old...
With the path it is taking, bitcoin has everything to be a kind of digital gold, so it is up to the person to study the fundamentals and then make the decision that they think is most convenient. For example, I don't buy gold, only bitcoin, because I believe that the ease and convenience are infinitely superior, after all, I'm not going to walk around with gold or keep gold at home, bitcoin is much superior in my opinion.
With the path it is taking, bitcoin has everything to be a kind of digital gold, so it is up to the person to study the fundamentals and then make the decision that they think is most convenient. For example, I don't buy gold, only bitcoin, because I believe that the ease and convenience are infinitely superior, after all, I'm not going to walk around with gold or keep gold at home, bitcoin is much superior in my opinion.
This question has been asked here too many times and it doesn't make sense to ask on Bitcoin forum which is a better investment because people here will naturally be biased towards Bitcoin.
To ask this question and get proper answers you would need to find neutral forum for investments.
Otherwise you may as well ask the same question on some gold forum and get similarly biased answers
To ask this question and get proper answers you would need to find neutral forum for investments.
Otherwise you may as well ask the same question on some gold forum and get similarly biased answers
First of all, I would like to show you similarities between Bitcoin and gold.
The value of both are driven by both scarcity and demand.
The both are decentralized, and the both have limited supplies, the list goes on...
But despite this similarities they still have their differences, Bitcoin is easily transferable while Gold isn't .
In Bitcoin transaction is transparent, but with Gold authenticity can be disputed etc.
The fact Bitcoin is volatile and gold is more stable , and the fact that gold has high liquidity and Bitcoin is still growing, makes investments consideration quite tough.
Bitcoin and gold share similarities as store of value,and hedges against inflation.
However the differ in transfer speed, portability, security and transfer speed.
If investing, investor should consider their individual financial goals, risk tolerance and market understanding.
The value of both are driven by both scarcity and demand.
The both are decentralized, and the both have limited supplies, the list goes on...
But despite this similarities they still have their differences, Bitcoin is easily transferable while Gold isn't .
In Bitcoin transaction is transparent, but with Gold authenticity can be disputed etc.
The fact Bitcoin is volatile and gold is more stable , and the fact that gold has high liquidity and Bitcoin is still growing, makes investments consideration quite tough.
Bitcoin and gold share similarities as store of value,and hedges against inflation.
However the differ in transfer speed, portability, security and transfer speed.
If investing, investor should consider their individual financial goals, risk tolerance and market understanding.
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