Bitcoin vs Gold? Which one you would choose to invest for long term? Why ? - page 7.

bkbirge

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Quote from: Patentico on August 15, 2019, 06:02:42 AM

Bitcoin has more utility value in a technologically oriented world & its value will continue to grow as economies become more digitised. Gold on the other hand has been used for thousands of years as a proven asset & is not dependent on the internet, thus harder to regulate by the government, if they decide to do so.

I would argue that gold is very easy for gov't to regulate. There is ample history showing this.

Patentico

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Bitcoin has more utility value in a technologically oriented world & its value will continue to grow as economies become more digitised. Gold on the other hand has been used for thousands of years as a proven asset & is not dependent on the internet, thus harder to regulate by the government, if they decide to do so.

Vishnu.Reang

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Quote from: todiboa on August 14, 2019, 08:34:38 AM

For me, Gold and Bitcoin are absolutely two different assets. Gold is a more stable and proven asset, Bitcoin is incredibly dynamic and volatile. You have to decide for yourself how you want to make a profit. One thing is for sure, both assets are profitable

I don't understand the logic in claiming that gold is a stable asset. Check the historical gold prices. They have been anything but stable and for me gold is as volatile as any other asset. Gold price was $36 per oz in 1970 and by 1980 it had increased to $615 per oz. The again it went up from $270 in 2001 to $1,800 in 2012. Then a dip took the prices from $1,800 to $1,200. Can you call such an asset as stable?

Finestream

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Quote from: todiboa on August 14, 2019, 08:34:38 AM

For me, Gold and Bitcoin are absolutely two different assets. Gold is a more stable and proven asset, Bitcoin is incredibly dynamic and volatile. You have to decide for yourself how you want to make a profit. One thing is for sure, both assets are profitable

Since they are both profitable,we should learn to invest in both as much as possible.We all know that bitcoin will give us bigger profits than gold but the fact that it's more volatile and always have unstable value,then we can't assure that it will lasts for longer years.We should not forget that gold has been here already for centuries so it's more proven already as a safe investment.

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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.

Well, in my view, we should invest on this field which we have information and skill, May be gold is more profitable or not, but i have no experience in gold that's why i will choose Bitcoin. I know about bitcoin from 2015 and bitcoin is great investment for me, so definitely i will choose bitcoin.
I have only one reason that i have skill and knowledge of bitcoin investment and this investment will give you profit which you know about it very well.

todiboa

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For me, Gold and Bitcoin are absolutely two different assets. Gold is a more stable and proven asset, Bitcoin is incredibly dynamic and volatile. You have to decide for yourself how you want to make a profit. One thing is for sure, both assets are profitable

dreamax25

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Despite the fact that Bitcoin is headed lower than $10K, it still got strong support which could lead to a rebound!
Read more in this TA:

https://coincodex.com/article/4637/bitcoin-price-analysis-bitcoin-heading-lower-but-rebound-expected-at-10k/

maydna

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Bitcoin is better than gold with could up to higher price with short moment, but for gold is better never become lower price for long term holding except bitcoin.

Don't forget that the raw material for gold will not exist forever and if the raw material is almost gone, the price of gold will become expensive and that means, you can make a lot of money from gold. I think choosing both gold and bitcoin will be a good decision for you because you can have two types of investment which will give you a big profit in the future. But that will be your decision on what you will choose later, and if you still choose bitcoin only, then that will be good for you.

bryant.coleman

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During the past three months, gold prices have gone up like crazy (from $1,300 per oz to $1,500 per oz). And as long as the trade war between the United States and China lingers on, don't expect these prices to go down. On the other hand, if there is no improvement in the trade relation between both the countries, then we can expect gold prices to hit a new ATH by 2019 end, and may probably end up at $2,000 per oz or more. There are reports from India that gold consumption is going up there, after a brief lull.

Now coming to Bitcoin, it is similar to gold in many cases. Neither the prices, nor the supply can be controlled by the government. If the user base expands, then Bitcoin can become a reliable store of wealth, just like gold. Right now we have close to 200 million users (although the number of users may be lower). And there can be only 21 million coins in existence after the mining is completed. That accounts for roughly 0.1 BTC per user, and the proportion is going down with every passing year.

dungp3132

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Good is traditional mean of value, and Bitcoin will become a second biggest one, soon. Bitcoin and block chain technology have changed the world, and Bitcoin will take over the leading position of Gold as main mean of value storage soon. By now, people still hesitated because highly changing in Bitcoin price, but over next few years, 4 or 6, I believe they will change their perspective on Bitcoin.

bitgolden

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Quote from: jake zyrus on August 11, 2019, 09:55:14 PM

You can have both. It's a good thing to invest in bitcoin since the possibility of price increase. Especially in this modern era where technology is a already a part of human life. But having a gold is also good. It's limited and from nature. As the time goes by, gold are becoming more limited, and I think its value will also increase by that time.

But personally, I would prefer bitcoin

It is really a good way to diversify, I think we have to just make investment into both, because there will be some points in time where gold will function where bitcoin cannot function, and also bitcoin function where gold cannot function. It would not be bad to just put in money into both for future.

Gold has been on for years, and for the next 500 years, gold will still exist and it has grown too high for people to forget it easily while bitcoin is good because it is a new system and as people fall in love with it, it creates demand which then create and increased value. So there is still large space for bitcoin to really grow in value while it would be best for people to make their investment right now to grow along with the system of bitcoin that is gradually taking over the world.

dungp3132

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Bitcoin and Gold, they both will rise in values next years. They might rise considerably if Mr.Trump win his second tenure. However, if you ask me which asset I would prefer for my portfolio between Gold and Bitcoin. My answer is : "Definitely, I choose bitcoin for my port folio, only bitcoin. I will all in invest in bitcoin"

nicecrypto

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Well if you are looking to earn good profit within the shortest possible time then btc is the right option no doubt about it although the risk involve is very huge as well, btc we all is very unstable in terms of price so only those who are willing to take risk will want to invest, gold on the other hand is a very stable commodity compare to btc, it is an investment for everyone, i mean some women literally buy gold chains, ear rings, etc as a store of value, they can't do that with btc, but for someone like me, i will probably go for btc.

copoyes

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prefer gold because the status is real and good for the long term going forward even though there is also a supply of bitcoin but in terms of price rises and falls can be very far, compared to gold ,so if told to choose, choose gold over bitcoin everything is better in investing bitcoin and gold
so if the price of bitcoin falls, there is a backup of gold as well if the price of gold falls there is a backup of bitcoin

killat

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Bitcoin is the least scamy of all money. No one can print bitcoin because he wants too. We need to solve a hard mathematical equation to produce 1 Bitcoin. It's actual labour that produces it, and those who put on the labour take the fraction they helped create. This doesn't happen with any other money, asset, good or service.

Bitcoin trading now, yes, that can be made a scam by some. But that's not inherrent in bitcoin. Bitcoin was not made to be traded like a market asset though. So no, Bitcoin is not a scam.

Tonteus

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of course in this issue, I might prioritize bitcoin, that's because I feel that the profit turnover is faster if we use it appropriately.

I would like to choose bitcoin, but don't you feel that this can all end? Maybe in 10 years there will no longer be such a thing as bitcoin. Yes, maybe crypto will develop into something else, but for now, I prefer gold.

jake zyrus

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You can have both. It's a good thing to invest in bitcoin since the possibility of price increase. Especially in this modern era where technology is a already a part of human life. But having a gold is also good. It's limited and from nature. As the time goes by, gold are becoming more limited, and I think its value will also increase by that time.

But personally, I would prefer bitcoin

bitgolden

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The only thing that I still see with gold is that it is legally accepted and can also be used as payment and exchange for things, can also be accepted as collateral for banks if the need arises and some other few advantages of it that I can’t remember right now, but for investment, I am not still sure that gold is very perfect for investment because if you look at the growth of gold price, it is much low.

The one reason why people just buy gold sometimes is to use it to tie their money down and at least it can still be resold, but when it comes to real investment, I think bitcoin outperform gold, if you really want to know which one is actually the best, government would have just pronounced bitcoin legal for one day and you will see how much bitcoin will change the life of so many people that invested in it overnight.

BlackFor3st

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Gold has been used for centuries and it was the foundation of all the money out there, it was being used in trading goods and etc. while Bitcoin emerges only for several years.

But if you are going to compare the two in the current time then I will definitely choose bitcoin because I can gain a lot from it due to it's increasing price and demand. I can definitely gain a good amount of profit from it compare to gold.

Darker45

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Quote from: Bitcoin Seller on August 10, 2019, 03:12:03 PM

Quote from: jaocoincrypto18 on August 09, 2019, 08:49:58 PM

Both are good for investments but if you will only choose one then i will go for gold as the price is stable and steadily increasing as the time goes by. In fact my gold wedding ring which is i bought 10 years ago for the price of $200 is now became $400 per appraisal value.

I would not compare Bitcoin and gold. They have a different history, purpose, applicability. Gold will be in demand for a long time at least for the needs of production. Gold for savings purposes is used in less quantity than for the manufacture of real goods. It is not correct to compare cryptocurrency and gold. The precious metal will always be in demand, growing in price (although slowly).

For the past several months or even few years though, Bitcoin has been compared to gold. Hot debates have been conducted along this comparison. Basically the comparison is on the basis of which is better as an investment or an asset or a store of value, with Bitcoin even proclaimed as the digital gold. Their uses as well as their intrinsic value have also been touched.

However, I don't think it is really necessary to compare the two. You do not have to put an "or" in between when you can put an "and". But if we talk of very long term investment as in 20 years or more, I guess you have to be safer and put more on the one who has already survived through eras and millennia.

Topic: Bitcoin vs Gold? Which one you would choose to invest for long term? Why ? - page 7. (Read 1614 times)