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Topic: Bitcoin vs. Gold: which has been more of a safe-haven asset in 2020? - page 2. (Read 905 times)
June 08, 2020, 10:32:34 AM
It is too short of a time for Bitcoin to be a safe haven here while considering the ideology of volatilty. Of course, bitcoin would fell short, anyhow Gold is been here for more than a decade, and is used in a widerscale than Bitcoin has. I had take quick skim with eveyone's answer... and it just leads to Gold winning the debate here, obviously. The time, and the population it has is what made it worthy of being a safehaven. But talking about bigger profit in a short time span, BTC wins here .
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June 08, 2020, 06:44:56 AM
I would always go with gold if it's compared with any kind of investment, however I will choose bitcoin in a sense that I like bigger profit so I'm willing to take a higher risk. And with bitcoin, I believe this technology would attract massive adoption in the future and it will result to a significant increase of value due to its adoption.
For typical investors, it's a no-brainer that they'll always pick gold for stability and security, but since we are in crypto, I think we can say to ourselves that we are risk takers who wants bigger return.
For typical investors, it's a no-brainer that they'll always pick gold for stability and security, but since we are in crypto, I think we can say to ourselves that we are risk takers who wants bigger return.
June 08, 2020, 06:22:13 AM
For me gold is more safer than bitcoin , because gold are already trusted in over the world and you can hold a real gold as a saving and wait for the good profit but if we track a bitcoin history , bitcoin is a good one and safer too because if you see the price of this in a past years it is most profitable than gold.
June 08, 2020, 05:51:30 AM
I once heard about a special type of financial asset. In short it was a kind of certificate for gold, but this gold was loaned to another financial entity (to act as a guarantee or a sort of asset for swap) and the certificate would give its owner a certain percentage as interest. I thought it was interesting because the investor would have gold and would also have some returns over time.
Has anyone heard of this ?
Has anyone heard of this ?
June 07, 2020, 04:42:16 PM
I prefer gold over bitcoin if for investment in the long run, because gold is safer and the price is not volatile. So of course gold
as a safe-haven is better than bitcoin. What's more gold is more trusted by the people, therefore gold is very safe as a safe haven.
But for the performance of 2020 bitcoin is still far better than gold, and also bitcoin is more profitable compared to gold.
as a safe-haven is better than bitcoin. What's more gold is more trusted by the people, therefore gold is very safe as a safe haven.
But for the performance of 2020 bitcoin is still far better than gold, and also bitcoin is more profitable compared to gold.
June 07, 2020, 01:54:13 PM
Gold seems the safe heaven in this pandemic but bitcoin took the place of most profitable investment so for an investor the profits are more important than stability so I will say bitcoin performed well even when the whole economic market of the world is struggling.And again don't compare bitcoin with gold anymore because they are not safe and people who loves profits will choose bitcoin over gold.
June 07, 2020, 01:41:44 PM
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IMO gold will always be safer in the long run because people have more trust in it. Gold has much less volatility than bitcoi. If you are strictly talking about safety, because of that lower volatility gold is safer. The downside is that its value won't change much in the very long term. Bitcoin is still a young asset and has a lot of potential, it is less safe, but has much higher returns possibilities.
It is common knowledge that the timing is very important when you are investing in any asset. Take a look at the price of gold in the past few days, it went down more than we expected. If you are looking at gold as a long term investment then you can apply the same logic with BTCitcoin too, invest whenever you like and wait for the long term and the difference between the two is that you can have an higher profit in a short period than gold.IMO gold will always be safer in the long run because people have more trust in it. Gold has much less volatility than bitcoi. If you are strictly talking about safety, because of that lower volatility gold is safer. The downside is that its value won't change much in the very long term. Bitcoin is still a young asset and has a lot of potential, it is less safe, but has much higher returns possibilities.
Fundamentally gold is here for centuries and comparing it to BTCitcoin which is the new kid in the financial industry is a bit childish
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June 07, 2020, 01:41:01 PM
It all comes down to stability when you have to consider a real safe haven. Yes, over a cherry picked period ...Bitcoin might have looked like a better safe-haven, but on average the Gold price was more stable. The extreme volatility with Bitcoin scare investors off when they have to decide what investment option is the best for them.
Look at it in a simpler terms, if you in a platform with a single center support, which is safe the stable or the stable one? of course the gold is our safe-haven which is why nations are getting it to be the nation's reserve. Bitcoin is young for me, though it is a decade years old there are still a lot of rooms for bitcoin to be improved and be adopted. This has been the discussion of the decade, can we not get over with this? we already use gold for ages to store wealth, and not bitcoin. That's all you guys need to know about it.If you want to use Bitcoin as a safe-haven, then you might be in for the long haul... because you have to get in at a low price and then ignore the volatility, until you want to sell at a higher price in the future.
There is nothing wrong where do you want to store your value, it does not matter if you are going to gold or bitcoin, what will matter is the future value of what you put in there. June 07, 2020, 01:31:15 PM
Gold and BTC are two types of assets. Gold is more stable than BTC. Even if both types of assets are used for trading, you can earn more income from BTC. Gold is considered to be the financial carrier of a country. Not just for 2020. Always gold is a more stable and safe-haven asset than BTC. The price of BTC is always volatile so it is a very popular business medium for traders. So it is easy to say that gold is a more safe-haven stable asset than the BTC.
June 07, 2020, 12:10:48 PM
First of all, it is not right to compare gold and Bitcoin. Because both of them are very different types of assets. Gold is a stable asset which can be used as a store of value. Gold is having a huge market cap and only a small part of it is being traded every day. However, Bitcoin is not suitable for this purpose due to its volatility. It may take a few years, before the prices stabilize.
June 07, 2020, 09:42:35 AM
with barely 6 months into the year, 2020 has been dramatic and very eventful with the stock market slump, march 12 Bitcoin sell-off, oil price trading in the negative, etc. From the investment perspective, taking YTD Bitcoin and Gold performance amidst this ongoing pandemic which asset has upheld the safe-haven narrative between gold and Bitcoin?
If you are a person who is much fanatic of gold you can always feel confident on bitcoin over gold. But even so, I suggest to choose gold when talking about total safety since gold will never lost its value.
June 07, 2020, 09:21:49 AM
I'd bring up a different opinion and say USDT is the best safe-haven asset, more than gold or bitcoin. When you think of it, USD is the world reserve currency, and USDT is a stablecoin whose price is always being changed to match USD, though in practice there is a tiny price difference between the two. So if someone's holding X amount of USDT, the value of that cannot decrease because every other currency is being traded against it, so those are the ones that go up and down. The same reasoning can be used to show that someone holding USDT never *gains* more money.
Of course this opinion is only valid in an international setting, in a single country or group of countries that shares the same currency, such as EUR, as long as you only trade other currencies, including bitcoin and gold, in euros, and everything there is priced in euros, then EUR can be considered a safe-haven asset, but only within the EU.
And nothing I mentioned above is valid if the prices of commodities are raised, since you now have less value to spend it on.
Of course this opinion is only valid in an international setting, in a single country or group of countries that shares the same currency, such as EUR, as long as you only trade other currencies, including bitcoin and gold, in euros, and everything there is priced in euros, then EUR can be considered a safe-haven asset, but only within the EU.
And nothing I mentioned above is valid if the prices of commodities are raised, since you now have less value to spend it on.
June 07, 2020, 08:00:15 AM
with barely 6 months into the year, 2020 has been dramatic and very eventful with the stock market slump, march 12 Bitcoin sell-off, oil price trading in the negative, etc. From the investment perspective, taking YTD Bitcoin and Gold performance amidst this ongoing pandemic which asset has upheld the safe-haven narrative between gold and Bitcoin?
In my opinion, gold is a great stable asset that can help you to protect your capital and money during this pandemic. Gold is most trusted by the people and there is no way gold can fluctuate 30-40% in a month.
Bitcoin, on the other hand, can give you a big profit if you have a good entry and good exit. For example, in early April, Bitcoin dropped to $2000. If you bought them, you would probably earn 400% right now
I guess there is no place that can be called a safe-haven asset. It's just about the people who are wiser than the others
June 07, 2020, 05:51:45 AM
I think the price charts of these two types of investment can explain your doubts about safe-haven assets. If you invest in bitcoin on January 1, 2020 and start hold it regardless of market volatility, then you make a profit today. Lets say you buy 1 bitcoin on January 1 in the range of $7200, and if you sell it today, you will make a profit of $2450 at the current price. I think so far you understand how this investment works. But for safe-haven assets, I would choose gold because it does not have a high risk of volatility.
June 07, 2020, 04:45:09 AM
It all comes down to stability when you have to consider a real safe haven. Yes, over a cherry picked period ...Bitcoin might have looked like a better safe-haven, but on average the Gold price was more stable. The extreme volatility with Bitcoin scare investors off when they have to decide what investment option is the best for them.
If you want to use Bitcoin as a safe-haven, then you might be in for the long haul... because you have to get in at a low price and then ignore the volatility, until you want to sell at a higher price in the future.
If you want to use Bitcoin as a safe-haven, then you might be in for the long haul... because you have to get in at a low price and then ignore the volatility, until you want to sell at a higher price in the future.
June 07, 2020, 04:06:54 AM
with barely 6 months into the year, 2020 has been dramatic and very eventful with the stock market slump, march 12 Bitcoin sell-off, oil price trading in the negative, etc. From the investment perspective, taking YTD Bitcoin and Gold performance amidst this ongoing pandemic which asset has upheld the safe-haven narrative between gold and Bitcoin?
In YTD terms, BTC has definitely performed better, up 35% to gold's 11% increase.
In terms of being a safe haven, gold clearly held much better in the March crash. From high to low it only declined 15%. BTC fell closer to 60%, depending where you measure from.
BTC obviously has more of a risk asset profile.
June 07, 2020, 03:53:16 AM
If you are afraid of the fluctuated of bitcoin price, then you can choose gold as your investment because gold will be more stable than bitcoin, and the price of gold will not too fluctuated than bitcoin price. But the increase in the gold price will not as high as bitcoin because right now, the gold price seems stable now.
If you can accept the risk of bitcoin price will change, you can pick bitcoin for the investment, and you can hold it for a long time, and perhaps, you can hold it until the next year. In that time, bitcoin can increase so high, and perhaps, you will see bitcoin price will be $20k again so if you sell your bitcoin, you will make a lot of money.
But if you have much money, then I suggest you invest in bitcoin and gold because both bitcoin and gold will be the best investment this year. So you can have a chance to make a profit from bitcoin and gold at the same time. You can sell bitcoin and gold if you need money, and I think that your initial money will also increase.
If you can accept the risk of bitcoin price will change, you can pick bitcoin for the investment, and you can hold it for a long time, and perhaps, you can hold it until the next year. In that time, bitcoin can increase so high, and perhaps, you will see bitcoin price will be $20k again so if you sell your bitcoin, you will make a lot of money.
But if you have much money, then I suggest you invest in bitcoin and gold because both bitcoin and gold will be the best investment this year. So you can have a chance to make a profit from bitcoin and gold at the same time. You can sell bitcoin and gold if you need money, and I think that your initial money will also increase.
June 07, 2020, 01:48:09 AM
I think when it comes to comparing between gold and bitcoin I would choose bitcoin because it is possible to get more return on long term investment in bitcoin That is not possible in the case of gold This is a much better year for bitcoin investing. The country's economy has been hampered by the virus the gold market has collapsed due to everything being shut down, and demand has fallen sharply But the price of Bitcoin is rising because business is closed and everyone is investing in Bitcoin and trying to overcome the financial crisis In that case, bitcoin is more effective than gold.
June 07, 2020, 01:25:55 AM
When we talk about performance wise , we can very easily see who is performing well in 2020 
, no wonder it's Bitcoins.
Gold have a bigger market and we already know how it's price does not bulge even in the bad times.
According to a report published in March *The Gold was on the path to show continuous growth and was already 17% up*
Now if we follow up the recent news one would be able to see how the price of Gold is getting down recently and at the same time due to no available jobs present , people cannot invest and we might have to wait a long time for the recovery of the same.
When we are talking about Bitcoins , 2020 has been a great year for Bitcoins as a whole and one can easily see the reports and future predictions , which are really hopeful . Therefore I do believe Bitcoins has been more of a safe heaven in 2020 and ofcourse the best performing asset.
I do think safety comes with assurance that your investments will grow over time ~ therefore I do believe even though Gold Might be performing good in the upcoming days , the growth of Bitcoins is unmatched.
, no wonder it's Bitcoins. Gold have a bigger market and we already know how it's price does not bulge even in the bad times.
According to a report published in March *The Gold was on the path to show continuous growth and was already 17% up*
Now if we follow up the recent news one would be able to see how the price of Gold is getting down recently and at the same time due to no available jobs present , people cannot invest and we might have to wait a long time for the recovery of the same.
When we are talking about Bitcoins , 2020 has been a great year for Bitcoins as a whole and one can easily see the reports and future predictions , which are really hopeful . Therefore I do believe Bitcoins has been more of a safe heaven in 2020 and ofcourse the best performing asset.
I do think safety comes with assurance that your investments will grow over time ~ therefore I do believe even though Gold Might be performing good in the upcoming days , the growth of Bitcoins is unmatched.
June 06, 2020, 12:09:27 PM
The Gold market is around (or more than) $10T. Bitcoin's is under $180B at the time of writing this reply, so we're looking at a >50x difference. 50x is a lot when it comes to how easy you can manipulate the market. Being used in so many industries around the world, Gold is much harder to destabilize than BTC which helps Bitcoin's volatility continue.
Bitcoin might be volatile right now and might've crashed once stocks fell too, but why do we always forget that BTC is still a little kid compared to Gold's centuries of history? Let's be honest, none of us knew what's going to happen when Bitcoin fell a few months ago. We do not have enough history data to know.
So whether it's a "safe haven" or not is still something that remains to be seen. Too early to ask imo.
Bitcoin might be volatile right now and might've crashed once stocks fell too, but why do we always forget that BTC is still a little kid compared to Gold's centuries of history? Let's be honest, none of us knew what's going to happen when Bitcoin fell a few months ago. We do not have enough history data to know.
So whether it's a "safe haven" or not is still something that remains to be seen. Too early to ask imo.
It will be interesting to see how this plays out in the coming years.
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