Bitcoin vs Gold? Which one you would choose to invest for long term? Why ?

BlackFor3st

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Quote from: crypmon259 on July 21, 2019, 01:55:16 AM

We all have different prospective regarding the investment , be it long term or short term.

Bitcoin has been the most amazing invention and has given massive return of investment for those who joined from 2013. From low point in 2013 to 20k in 2017, it has gone from one end to another end. Right now today its trading at $10461 per bitcoin. The prediction is with just 21 million maximum supply it will reach 1 million bucks per coin one day.

Gold has been one of the most popular investment for centuries. Every country or government be it in the past or present always prefer gold reserve over their own currency even to prepare themselves for financial meltdown. Right now GOLD is being traded at $1425/oz.

So my question is which one you would chose for your investment ? Which one you would chose to outperform the other ? GOLD or BITCOIN? Please tell us with a reason why ?

Thanks everyone for taking part in this discussion.

Right now I will prefer in bitcoin investment rather than gold even if gold has existed for how many centuries already because I am more familiar with crypto currencies investment and I have a little knowledge about gold investment.

In bitcoin, I prefer a long term one as I consider it as my little savings and I will love to sell it once I badly need it or the market tells me to sell it like what happened in 2017. I am confident with bitcoin investment compare to gold so my one and only choice right now is bitcoin investment.

nydiacaskey01

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If I will choose for only one of them, I will go for Gold since this can be liquidated easily anytime and anywhere when needed. Gold also shows that price has been consistently increasing, unlike Bitcoin, there are times that the price drops and when you need to convert to fiat, you need to look for a local exchanger and for an ordinary guy with no access to internet and electricity, this liquidating Bitcoin will be hard.

henrybek3

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Taking Bitcoin now makes more sense. There's only one difference. Here's the situation. I get bitcoin with the money I increased from my budget. So if the price falls too much it will not affect me. In this case, the instability of the bitcoin price does not affect us. or less effects.

rokon1234

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Quote from: hajirkhalid2 on December 18, 2019, 12:27:08 AM

Bitcoin is the virtual currency and gold is a ornament. I think Bitcoin is the best long term investment for amazing returns. Bitcoin is better than gold for long term investment.

yeah i'm also think that and that's why now i'm now buy some bitcoin for future.i hope in future bitcoin price will more up.

luppecuppe

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I think buying gold is a very logical investment. But getting the bitcoin opens the door on a different adventure. Bitcoin can be 100k dollars after 2 days. It's a risk. There is no such risk in gold investment. But there is no such gain.

rk8814719

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That is a strong thinking if you feel that bitcoin will replace gold.Gold return 2 year 5% to 10% But bitcoin is return is double

jameshugo17

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My opinion on this is fixed. If you are going to invest with a large capital, you can buy both gold and Bitcoin. In this case, you will be smarter. Portfolio management is very important. Reducing risk means reducing the likelihood of earnings. In this case, everything needs to be evaluated well.

bitbunnny

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No matter that gold has always been the good choice for investment and it will always keep the value with rather low risk I would choose Bitcoin.
Bitcoin is investment of the future, digital era and no matter the higher risk returns and profit on long term could be better than with gold. Also I like better digital assets so Bitcoin is definetely my choice.

Wintersoldier

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Investing in long term is a big thing to consider, there are many factors we need to understand in investing in gold. But the bet to understand first is how do both of this works in long term? Both bitcoin and gold has a long term promising investment returns, for bitcoin, because of regular halving, increasing market price is already expected and in gold, its scarcity is the best factor to consider. What matters the most for us to think about is which on this two investment platform will return more in the future, and which platform will have more adopters and for me, that platform will be more profitable than one another and that is bitcoin.

Cosmic ranger

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bitcoin because the price of the bitcoin is changing faster it may increase at any time and it may cost high price that's why bitcoin is the best choice in long term

Jiyens3

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Quote from: sayaya17 on December 19, 2019, 02:49:53 AM

Maybe I will choose bitcoin for investment because the movement is very fast, so I can take advantage of the moment to buy when the price of bitcoin is down and then sell it if the price has gone up. Looks like it's really easy right?
Maybe for gold, I can only use it not for investment. Yeah I will buy gold, but it is a necklace or a ring to wear.

faster movement in bitcoin than gold has high risk too. for this moment take advantage of bitcoin so difficult can not fast because bitcoin price falling down, honestly for this moment i prefer to choose gold for investment in long term because more safety while wait bitcoin price grow well. after bitcoin give alerts to the moon i will buy and saving for investment

Spider A4

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Bitcoin is huge valuable than Gold and those are belong in the different platform and different significant. Undoubtedly i choose Bitcoin to long term investment. Because gold price is not big changes and it's looks like stable but Bitcoin is increase and decrease in every moment.

perfect999

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Judging from now, I would prefer to invest my money in Bitcoin and not gold. Gold is good, but when it comes to which one is going to be more profitable then it's Bitcoin. You should compare their prices and the increase within ten years, Bitcoin emerges on top. Even for this year, anyone that bought at the rate of $3000 would have made a lot of profit as well.

The only thing with Bitcoin is that it is volatile and carries a lot of risk, whereas gold is stable. When I'm investing my money in any asset I always consider the one that will get me more profit, and that's not gold, but that doesn't mean I don't like gold, it's still a good choice as well.

Bitcoinislife09

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Quote from: crypmon259 on July 21, 2019, 01:55:16 AM

We all have different prospective regarding the investment , be it long term or short term.

Bitcoin has been the most amazing invention and has given massive return of investment for those who joined from 2013. From low point in 2013 to 20k in 2017, it has gone from one end to another end. Right now today its trading at $10461 per bitcoin. The prediction is with just 21 million maximum supply it will reach 1 million bucks per coin one day.

Gold has been one of the most popular investment for centuries. Every country or government be it in the past or present always prefer gold reserve over their own currency even to prepare themselves for financial meltdown. Right now GOLD is being traded at $1425/oz.

So my question is which one you would chose for your investment ? Which one you would chose to outperform the other ? GOLD or BITCOIN? Please tell us with a reason why ?

Thanks everyone for taking part in this discussion.

For me both of this investment is great especially for a long term investment as the technology rises surely bitcoin will get a lot of users as it is implemented in all over the world surely the market price will increase in the coming years. Also, gold is a rare metal and has a very high demand and the supply is a few surely as the supply goes down in the coming years the market price will also increase i think these two are both great in long term investments.

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Quote from: aomakun on December 20, 2019, 11:46:41 AM

Quote from: znation on December 20, 2019, 04:44:24 AM

I would choose both, investing in Bitcoin is risky but with high profits, and gold is a relatively stable asset value and less risk when it is available. Nobody that chooses one thing but skips the other ca3to61t should choose both.

both do have the potential and of course vary, the most important thing is we can use gold or bitcoin to look for profit. maybe the difference is only the level of profit and also the risk, but for me both can provide benefits if we are able to understand the investment

Being practical, you'll choose gold then if you're good in technical analysis and wanted a deeper investment, go for bitcoin. I'm always seeing a comparison between these two and I agree that these things are just the same, both have risk and profit.

But the requirements needed in bitcoin were high and should invest more time to learn it 'cause impossible to have a profit if you don't have learnings on it unless you have a mentor.

aomakun

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Quote from: znation on December 20, 2019, 04:44:24 AM

I would choose both, investing in Bitcoin is risky but with high profits, and gold is a relatively stable asset value and less risk when it is available. Nobody that chooses one thing but skips the other ca3to61t should choose both.

both do have the potential and of course vary, the most important thing is we can use gold or bitcoin to look for profit. maybe the difference is only the level of profit and also the risk, but for me both can provide benefits if we are able to understand the investment

rokon1234

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Quote from: bering on July 21, 2019, 05:44:09 AM

Why compare them because i think having both of them as future assets would be good rather than choose between bitcoin or gold and in my view both are good to be considered as long term investment but i would be honest if for long term purpose to hold for more than 10 years i would like to choose gold than bitcoin and my concern to pick gold because gold less of volatility than bitcoin

i think bitcoin is more profitable and more valueable coin in market.so,i think bitcoin is better than gold.what's why i'm now hold my BTC for future profits.

znation

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I would choose both, investing in Bitcoin is risky but with high profits, and gold is a relatively stable asset value and less risk when it is available. Nobody that chooses one thing but skips the other ca3to61t should choose both.

tianglistrik

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Quote from: diahsw on December 19, 2019, 09:03:27 PM

in my opinion, I prefer bitcoin. can be used as a long-term investment. but if I am given gold, I will not refuse .. !!

actually both can be used in investment but their uses are quite different, gold can be used more for long-term investment while bitcoin can also be used for long-term investment but with stronger research than gold investment

Eugenar

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Quote from: sayaya17 on December 19, 2019, 02:49:53 AM

Maybe I will choose bitcoin for investment because the movement is very fast, so I can take advantage of the moment to buy when the price of bitcoin is down and then sell it if the price has gone up. Looks like it's really easy right?
Maybe for gold, I can only use it not for investment. Yeah I will buy gold, but it is a necklace or a ring to wear.

I could as well accumulate bitcoin, the problem with gold is that, it is not easily accessible, you need to take into consideration that you need to meet someone and buy gold but you cannot stay anonymous. In fact, investing in bitcoin is quite easier, no matter how old you are, how rich or poor you are, bitcoin is open for everyone so basically in terms of investment, bitcoin is one of the best, gold as well but for me, engaging to investment in gold needs you to become rich first especially if you want to use gold for jewelries.

Topic: Bitcoin vs Gold? Which one you would choose to invest for long term? Why ? (Read 1610 times)