Topic: Bitcoin vs Gold? Which one you would choose to invest for long term? Why ? - page 5. (Read 1610 times)
October 03, 2019, 02:55:11 PM
In my opinion, bitcoin and gold are only similar in that they have a limited number of their volumes. One could say that Bitcoin and gold are by far the most sought-after asset for investing, but I believe that gold is more stable than Bitcoin. Although Bitcoin can bring dozens of times more profit, at the same time a very big risk remains.
October 02, 2019, 10:38:54 AM
I will go for bitcoin 10 times overs. Bitcoin is more profitable campared to GOLD.
Bitcoin is medern GOLD 2.0 - Bitcoin is a digital store of value that is lightweight and accessible from everywhere online.
Both Bitcoin and god have there own uniqueness and features I believed we shouldn't ignore one for another because the diversify strategy are the best way of making passive and intact income using both we be good.Bitcoin is medern GOLD 2.0 - Bitcoin is a digital store of value that is lightweight and accessible from everywhere online.
Mind you, fiat currency are losing value everyday but Bitcoin and gold are the only liberation we have. Besides, Bitcoin is not the only digital store now for gold also a digital store either through Digital gold token project platform.
October 02, 2019, 09:41:48 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.
I would put my bet on Bitcoin, simply because bitcoin is just starting it only start in 2009 yet it has now become a trend, it has a high value and high volatility rate compared to gold. Bitcoin was likely made for investment, to become an asset like gold but more contemporary. Gold takes a lot of space while Bitcoin could only be stored in a secured drive which saves a lot of space. Gold is not attainable for small investors, unlike bitcoin. But despite their differences, they have their own strengths that can not found in other one. 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.
October 02, 2019, 09:26:21 AM
I'll definitely choose bitcoin when it comes to making an investment for the long term.
Bitcoin is a very new form of investment with huge potential, yet more volatile and profitable.
Gold is a very old form of investment compared to bitcoin, yet more stable and less volatile.
Gold is more like fiat currency because it's centralized and controlled by the government.
Bitcoin is a very new form of investment with huge potential, yet more volatile and profitable.
Gold is a very old form of investment compared to bitcoin, yet more stable and less volatile.
Gold is more like fiat currency because it's centralized and controlled by the government.
October 01, 2019, 03:37:55 PM
if I am told to choose to invest for the long term, between the choice of Bitcoin and Gold, I choose Bitcoin as an investment asset. I have never once invested with gold because in my opinion gold is rather difficult to exchange with fiat money. because of this I prefer Bitcoin because of the ease of investing in Bitcoin and also because of the unstable price of Bitcoin which can make bitcoin holders get a daily profit
October 01, 2019, 12:57:17 PM
If for a long term investment I also prefer gold. Because the price of gold is always stable and gold is the real thing that every day we can wear.
But I am also aware that Bitcoin can provide greater profit. And what you are saying is that the peak of Bitcoin's success took place in 2017, where I also had many advantages.
But with the passage of time Bitcoin began to decline. But until now can still give a profit, but depending on the way you invest and trade.
But I am also aware that Bitcoin can provide greater profit. And what you are saying is that the peak of Bitcoin's success took place in 2017, where I also had many advantages.
But with the passage of time Bitcoin began to decline. But until now can still give a profit, but depending on the way you invest and trade.
October 01, 2019, 12:54:10 PM
Gold is very difficult to buy and store comparing it to that of Bitcoin . This makes Gold a bad option to invest in since buying and storing of Gold might an average person a long time to actually get all the paperworks done. But with Bitcoin, anybody can easily obtain it without needing to go through any paperworks in order to own it. With Bitcoin, you can easily store it without needing a third party to keep them safe comparing to that of Gold. I will also perfer to invest in bitcoin for a long-term rather than Gold.
October 01, 2019, 11:52:54 AM
The problem with the choices given is we don't know the Bitcoin dominance in the cryptocurrency market in the long run(that is, in the next decades), while gold will be what it is during our whole life. But gold is expensive and you won't see big returns from it, even if the geopolitical situation goes from bad to worse. Gold is not feasible for small investor because of too many fees to invest on it.
So the answer would be Gold if one has already a big capital or plans to grow his capital outside the crypto world, but Bitcoin for those of us that have little and the only hope to get a better financial situation is some kind of hyper deflation miracle.
If the question was Cryptocurrencies vs Gold, I would go all in in cryptocurrencies now, however, if I'm allowed to change the portfolio if the situation changes
So the answer would be Gold if one has already a big capital or plans to grow his capital outside the crypto world, but Bitcoin for those of us that have little and the only hope to get a better financial situation is some kind of hyper deflation miracle.
If the question was Cryptocurrencies vs Gold, I would go all in in cryptocurrencies now, however, if I'm allowed to change the portfolio if the situation changes
October 01, 2019, 11:43:14 AM
You should not invest either only in gold, or only in bitcoin or other cryptocurrency. These are various financial assets with different risks, profitability, liquidity and other functionalities. It is also impossible to tell in advance the percentage ratio of these investments, since it depends on the state of these different types of markets and specific life circumstances. So it is better to keep your funds in various currencies, it will be more reliable.
October 01, 2019, 11:01:55 AM
It is simple in my case.I don"t buying gold and i don"t like gold like a investment
There is too much suffering behind gold.Wars, slavery,blood.Countries with gold resources have to be reachest on that planet.But look Sudan what a poverty look Mali.Black people are working so hard in RSA gold mines but all profit is going to white lords
Even cost of gold input is higher than input of bitcoin
There is too much suffering behind gold.Wars, slavery,blood.Countries with gold resources have to be reachest on that planet.But look Sudan what a poverty look Mali.Black people are working so hard in RSA gold mines but all profit is going to white lords
Even cost of gold input is higher than input of bitcoin
October 01, 2019, 10:52:34 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.
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.
Bitcoin vs Gold? this question is classic but always interesting to discuss.
because I hope and believe that one day bitcoin will beat gold, then I prefer investing in bitcoin over gold.
Not without reason I prefer bitcoin over gold. One of them is bitcoin increasingly calculated by most of the big companies in the world.
This is a good sign for bitcoin.I'm very sure too bitcoin can penetrate above 20,000 $.
So it's a choice for me for a long term investment in bitcoin. If I'm lucky there will be a big profit for me from Bitcoin.
October 01, 2019, 10:10:54 AM
It's hard to choose between the two because they both have a big chance of making a profit. But I still prefer to invest in BITCOIN. I was one of those who reached the price of 200 $ to 300 $ in those days when I did not believe bitcoin would be worth it.
So today I continue to believe the 20,000 $ price will come back.
So today I continue to believe the 20,000 $ price will come back.
October 01, 2019, 09:23:14 AM
I believe both Gold and Bitcoin are very good investments, that is if you can afford both.
Gold is the quintessential standard of investments and wealth. It's growth and value is
untarnished for years. Bitcoin on the other hand is also remarkable and is the standard
in crypto investments. I think if one possess the capabilities and financial resources to
invest on both, then that is indeed a very profitable and remunerative choice and position.
Gold is the quintessential standard of investments and wealth. It's growth and value is
untarnished for years. Bitcoin on the other hand is also remarkable and is the standard
in crypto investments. I think if one possess the capabilities and financial resources to
invest on both, then that is indeed a very profitable and remunerative choice and position.
October 01, 2019, 09:17:23 AM
I will go for bitcoin 10 times overs. Bitcoin is more profitable campared to GOLD.
Bitcoin is medern GOLD 2.0 - Bitcoin is a digital store of value that is lightweight and accessible from everywhere online.
Bitcoin is medern GOLD 2.0 - Bitcoin is a digital store of value that is lightweight and accessible from everywhere online.
Bitcoin was definitely more profitable than gold in the past. But there is no guarantee that things will remain so in the future. Ever since 2017, we have seen the Bitcoin prices tumbling from $20,000 per coin to $3,000 per coin. We have seen altcoins such as Cardano losing 98% of the value during the same duration. Even Ethereum lost 95% of its value during 2018. Now I am not sure whether any of these cryptocurrencies will attain the levels they achieved in 2017 ever again.
Now let's take a look at gold. Ever since 2012, gold has given more than 30% returns. So far this year, gold has given more than 15% returns to those who had invested in it. And central banks continue to amass gold bars (especially those in Russia and China). Demand from individual users in India and other countries remain low, but there are some encouraging signs.
October 01, 2019, 09:04:20 AM
I will go for bitcoin 10 times overs. Bitcoin is more profitable campared to GOLD.
Bitcoin is medern GOLD 2.0 - Bitcoin is a digital store of value that is lightweight and accessible from everywhere online.
Bitcoin is medern GOLD 2.0 - Bitcoin is a digital store of value that is lightweight and accessible from everywhere online.
October 01, 2019, 08:38:19 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.
Let me tell you a method to decide which option to choose in every situation.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.
List the pros of every option and then assign 1 point of every pros.
Also you can decide the proportion of your investment by this method.
For example, when it comes to bitcoin vs gold (just an example)
Bitcoin
Good returns
Good potential
Good liquidity
Low fees
Gold
Good liquidity
Low risk
In this case, 4 points for bitcoin and 2 points for Gold. So investing in bitcoin would be a better choice.
If you want to distribute it among the two then the proportion would be 2:1 meaning about 60% in bitcoin and 40% in gold
October 01, 2019, 08:04:27 AM
Long-term: GOLD
Short and Long-term: BITCOIN
What makes gold valuable is its inherent nature being a precious material and a limited-supply asset. The continuous demand for gold is determined by the quantity of people who are willing to purchase it at a designated price. In addition, being a tangible investment, there are various uses for gold which would increase its demand overtime.
In bitcoin, although people have disagreements about it being a store-of-value or not, its volatility is what makes it a valuable short or/and long-term asset. Depending on its price, you can purchase/sell depending on the market price or value. Unfortunately, the current state of cryptocurrencies are still shaky which is why a full-wide adoption is yet to be expected.
Short and Long-term: BITCOIN
What makes gold valuable is its inherent nature being a precious material and a limited-supply asset. The continuous demand for gold is determined by the quantity of people who are willing to purchase it at a designated price. In addition, being a tangible investment, there are various uses for gold which would increase its demand overtime.
In bitcoin, although people have disagreements about it being a store-of-value or not, its volatility is what makes it a valuable short or/and long-term asset. Depending on its price, you can purchase/sell depending on the market price or value. Unfortunately, the current state of cryptocurrencies are still shaky which is why a full-wide adoption is yet to be expected.
October 01, 2019, 04:12:32 AM
Moreover, investing in gold is definitely safer to me. There are a lot of scams in the cryptocurrency market.
in case of investments, we can highlight two options
1. safe. no guaranties to earn high profit and high ROI
2. speculative and unsafe. potentially could be lucrative and high ROI, but very risky to loose all
obviously gold is 1st option. it is legal in many countries, banks has special products for gold. and even after WW3 you could exchange your gold for something useful, an AK47 for example
bitcoin is a second option, any time, any government can say any operation in bitcoin is illegal and by doing so (being an investor ) you may become a criminal, which is not the right way to do business for a investor
October 01, 2019, 03:32:58 AM
Gold for sure.I trust gold more than bitcoin because gold is the oldest store of value plus that god is trusted by most of the billionares out there so why not chose the most trusted type of investment rather than risking money to bitcoin if you really wanna profit
Well we have really lost count as this topic has been discussed thousands of times in this forum and as you have mentioned most of us will go for gold because we have physical entity when it comes to gold against volatile and digital crypto market but early adopters of bitcoin will vouch for bitcoin itself as we need to look into bigger picture like where bitcoin was 10 years ago and where it is now and where it will be after a decade.
October 01, 2019, 03:06:31 AM
Both could be profitable.
It all depends on your personal preferences. I consider investing in gold as a more stable and less risky than investing in the cryptocurrencies. But let's face it: investing in the cryptocurrencies is our future, gold is something more "classic". To me, cryptocurrencies are more interesting than gold... But as I've said - this is all about your preferences.
Moreover, investing in gold is definitely safer to me. There are a lot of scams in the cryptocurrency market.
It all depends on your personal preferences. I consider investing in gold as a more stable and less risky than investing in the cryptocurrencies. But let's face it: investing in the cryptocurrencies is our future, gold is something more "classic". To me, cryptocurrencies are more interesting than gold... But as I've said - this is all about your preferences.
Moreover, investing in gold is definitely safer to me. There are a lot of scams in the cryptocurrency market.
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