Topic: Bitcoin vs Gold? Which one you would choose to invest for long term? Why ? - page 8. (Read 1614 times)
August 10, 2019, 08:48:39 PM
Investing in Gold is not as profitable as it was in some decades back and looking at the bitcoin ecosystem, you can not really calculate your profit margin within a specific period of time. With these, I don't really think i will invest in either Gold or Bitcoin for a long term investment plan. I will prefer either a short term investment plan or daily trading with Bitcoin than a long term investment.
August 10, 2019, 03:12:03 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).
August 10, 2019, 03:00:49 PM
Comparing asset that has a hundred years of trading history and on the other hand asset that has 10 years history.
I believe gold is safe for the store but gold already had its golden years. Hard to imagine gold can pump 100% or more which is not the case in BTC.
BTC and whole crypto are still in an early stage. With every trading/investing you need to be careful but in the long run, I see BTC more profitable than gold.
In the end, you can split investment 50% 50% to play it safe.
I believe gold is safe for the store but gold already had its golden years. Hard to imagine gold can pump 100% or more which is not the case in BTC.
BTC and whole crypto are still in an early stage. With every trading/investing you need to be careful but in the long run, I see BTC more profitable than gold.
In the end, you can split investment 50% 50% to play it safe.
August 10, 2019, 01:58:02 PM
I have a bit of gold in the form of old jewelry and some old silver coins and cups. Some were made in the late 18th century so I just don't feel the need to get rid of them. I'm not buying more gold or silver, unless these are gifts for women, but I cherish the things that were given to me by friends and family.
If I were to buy something investment-wise, I'd choose bitcoin for many reasons. It's easier to sell, easier to carry around, get on a plane when you're moving, easier to hide from thieves. Also, it has a bigger potential.
If I were to buy something investment-wise, I'd choose bitcoin for many reasons. It's easier to sell, easier to carry around, get on a plane when you're moving, easier to hide from thieves. Also, it has a bigger potential.
August 10, 2019, 12:48:30 PM
for long-term investments I prefer gold because gold is tangible, that's the safest way I think for long-term investment but for trading of course I will choose bitcoin because of the very fast price movements.
many say investing in bitcoin for the long term is very good but I don't want to take risks for the foreseeable future, no one can guarantee it will succeed, all the possibilities can still happen.
many say investing in bitcoin for the long term is very good but I don't want to take risks for the foreseeable future, no one can guarantee it will succeed, all the possibilities can still happen.
August 10, 2019, 10:55:23 AM
Gold will give you much stable and much more predictable income. Btc may give your 1000% of income or near 100% loose. Thats all about risks
August 10, 2019, 10:47:25 AM
This is a very difficult question to answer. This is a personal opinion. If it is my own, I will still choose BTC. Now BTC is still in the bear market. Now investing in BTC, the income in the next few years will be great!
August 10, 2019, 09:16:09 AM
How long is your long term?
I would choose Bitcoin if its 5 years more or less. The longer the higher the risk with Bitcoin. If its 10 or 20 years, I would rather go for gold. It has been here for thousands of years, no way its value will perish in the next decade or two.
But then again, we humans have the penchant of putting ourselves in an unnecessary quandary we ourselves make. Indeed, why not go for both?
Agree, we need to determine how long for our long term is, if it is only relative, bitcoin is probably still good for that time but longer, Gold is always a fixed choice when so many people understand how valuable gold is to be sustainable over the years, but life is like you say, it never has so much difficulty, we can all go in both directions as long as we like. We should automatically set our long-term time, we will be profitable according to our calculations, do not need to follow long-term time that others set out I would choose Bitcoin if its 5 years more or less. The longer the higher the risk with Bitcoin. If its 10 or 20 years, I would rather go for gold. It has been here for thousands of years, no way its value will perish in the next decade or two.
But then again, we humans have the penchant of putting ourselves in an unnecessary quandary we ourselves make. Indeed, why not go for both?
August 10, 2019, 08:49:15 AM
I'm not investing in Gold because I don't know how but I think choosing both of them to invest for the long term is better idea compare to just choosing one of them.
I'm not aware of the legislation in your country regarding the sales of physical Gold, but in my case Gold up to an amount of €10,000 is just as easily purchased as new headphones for example. Above €10,000 sellers by law ar obliged to ask you for your ID.
The only bit of research you have to do is what online seller offers the closest to spot price because when you buy Gold in smaller quantities, there is quite a large premium to pay in relation to the actual spot price. Alternative option to purchase small amounts without the premiums are CFD's, but just like I always recommend people to own their private keys, I recommend people to own physical Gold themselves.
August 10, 2019, 08:40:25 AM
Both of them can be chosen. If anyone want to have safe and secure investment with low profit, then gold is for them. If anyone want to have risk investment with high/low profit, then bitcoin is for them.
Personally i would choose to invest bitcoin for long term because of getting high profit although its dangerous & worth can be hacked. Reason behind choosing bitcoin is, i think bitcoin will have dominance in the world and probably fiat will be replaced by bitcoin
Personally i would choose to invest bitcoin for long term because of getting high profit although its dangerous & worth can be hacked. Reason behind choosing bitcoin is, i think bitcoin will have dominance in the world and probably fiat will be replaced by bitcoin
Yes, You are right. Your worth can be hacked. But that's impossible if you hold your bitcoins is a safe wallet. Note that your golds can be also stolen. Bitcoin is more safe as you can be the only person who knwo you have bitcoin.
August 10, 2019, 08:36:08 AM
If you look at it from a stable investment point of view, i think i would go for gold, the profit may not be huge but at least with gold their is very minimal price volatility that could bring heartache, but if you are looking to earn huge profit, then btc is the right choice but you have to endure the constant fluctuation in price.
August 10, 2019, 03:39:54 AM
How long is your long term?
I would choose Bitcoin if its 5 years more or less. The longer the higher the risk with Bitcoin. If its 10 or 20 years, I would rather go for gold. It has been here for thousands of years, no way its value will perish in the next decade or two.
But then again, we humans have the penchant of putting ourselves in an unnecessary quandary we ourselves make. Indeed, why not go for both?
Yaps, at the very least, with both, we know which set will greatly benefit us. it's just that, I agree, when holding bitcoin for about 4 - 5 years, it might make good profits, and even faster than gold. I'm also more likely to choose bitcoin over gold in this case. apart from that, I will certainly still adopt gold, because it's very good for a longer period of time than bitcoin. I would choose Bitcoin if its 5 years more or less. The longer the higher the risk with Bitcoin. If its 10 or 20 years, I would rather go for gold. It has been here for thousands of years, no way its value will perish in the next decade or two.
But then again, we humans have the penchant of putting ourselves in an unnecessary quandary we ourselves make. Indeed, why not go for both?
August 10, 2019, 03:05:49 AM
Both of them can be chosen. If anyone want to have safe and secure investment with low profit, then gold is for them. If anyone want to have risk investment with high/low profit, then bitcoin is for them.
Personally i would choose to invest bitcoin for long term because of getting high profit although its dangerous & worth can be hacked. Reason behind choosing bitcoin is, i think bitcoin will have dominance in the world and probably fiat will be replaced by bitcoin
Personally i would choose to invest bitcoin for long term because of getting high profit although its dangerous & worth can be hacked. Reason behind choosing bitcoin is, i think bitcoin will have dominance in the world and probably fiat will be replaced by bitcoin
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August 09, 2019, 09:12:17 PM
I'm not investing in Gold because I don't know how but I think choosing both of them to invest for the long term is better idea compare to just choosing one of them.
Diversifying your portfolio is better as an investor compare to just putting your money into one investment only. What is important is you know the risks when you are investing in both of them and be ready in times you face the worst.
Diversifying your portfolio is better as an investor compare to just putting your money into one investment only. What is important is you know the risks when you are investing in both of them and be ready in times you face the worst.
August 09, 2019, 09:05:53 PM
How long is your long term?
I would choose Bitcoin if its 5 years more or less. The longer the higher the risk with Bitcoin. If its 10 or 20 years, I would rather go for gold. It has been here for thousands of years, no way its value will perish in the next decade or two.
But then again, we humans have the penchant of putting ourselves in an unnecessary quandary we ourselves make. Indeed, why not go for both?
I would choose Bitcoin if its 5 years more or less. The longer the higher the risk with Bitcoin. If its 10 or 20 years, I would rather go for gold. It has been here for thousands of years, no way its value will perish in the next decade or two.
But then again, we humans have the penchant of putting ourselves in an unnecessary quandary we ourselves make. Indeed, why not go for both?
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.
August 09, 2019, 08:37:23 PM
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August 09, 2019, 08:35:36 PM
Hey
I think for the safe side if the country allows and everything goes well I would definitely buy bitcoins in this time , we already know it is going to be the golden years for bitcoins soon therefore I think right now the best investment would be Bitcoins.
Gold is slow and steady and the growth rate is good when you think about the long term investments but at the same time freedom that you have regarding the dealing with gold is kind of less , you know therefore I think if you are going for the slow and steady gold is the best but if you want to make real profit and are ready to risk it then there is nothing better than bitcoins.
I think for the safe side if the country allows and everything goes well I would definitely buy bitcoins in this time , we already know it is going to be the golden years for bitcoins soon therefore I think right now the best investment would be Bitcoins.
Gold is slow and steady and the growth rate is good when you think about the long term investments but at the same time freedom that you have regarding the dealing with gold is kind of less , you know therefore I think if you are going for the slow and steady gold is the best but if you want to make real profit and are ready to risk it then there is nothing better than bitcoins.
August 09, 2019, 08:14:45 PM
there are so many threads like this before ( gold vs btc , btc vs gold ) but this one of yours is different and i think i never seen this before because you asking if which one is the best for long terms . so my answer will be gold not because im a suporter of gold and i hate btc but infact i love btc and i hodl btc , its just gold is already proven for many years and there will always be a market for gold in the future even no golds can be mined on earth but for btc , its still no assurance that it will last forever .once people stop using btc , there will be no markets for it
August 09, 2019, 06:58:23 PM
I am a person who is not complicated. I choose Bitcoin. Because I can access from wherever and whenever my assets. This is the advantage of Bitcoin. And the benefits that can be received if investing in Bitcoin can be more than gold that tends to have stable prices.
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