Topic: Bitcoin vs Gold? Which one you would choose to invest for long term? Why ? - page 9. (Read 1614 times)

Where gold moves slower price wise it is the save pick but with Bitcoin following the same direction and still has allot to gain it may be a better option to go for long term as investment. The additional value Bitcoin adds over gold is that it can be used to easily send/receive by anyone anywhere what could make it a global currency.

The moment someone mines an asteroid, gold's scarcity will be a thing of the past. And on the time scales you need to become wealthy from just investing in gold then that's not a far fetched concern. Bitcoin on the other hand is a fixed supply in perpetuity. I'd go with bitcoin but as many others have said it's always good to diversify with uncorrelated assets, a little cash, a little gold, a little crypto, some stocks (I'd avoid bonds at this point), real estate, fine art, wherever you can park your wealth.

Bitcoin. Gold is ancient. If you have disposable income then you can spend some of it on gold. Basically buying gold just because you can. You should be seeing bitcoin as a currency and not so much as an investment.
Or at least both. Maybe it is like stocks you can trade with? An investment you can spend directly?

It is wise to diversify. I don't see gold as an investment for growing, its more like a refuge to not lose (because all fiats lose, albeit most do it slowly). Gold price has matured over time, it is generally considered that it won't have a sudden price fluctuation, but unlike bitcoin this is not a given. People say there is not much more gold, but there is, maybe not on earth but in space... In 50~100 years maybe someone finds a rock full of gold and bring it. Of course most people here are not worried for such long terms, but some entities should.

Suppose you are both believer and scared of bitcoin, what do you do? You put half in gold and half in bitcoin. If bitcoin crashes (unlikely) your other half is safe. If bitcoin goes moon, half your fortune multiplies. Yes, you would have gotten more if you committed all of it, but if you are wrong you would have lost all your fortune. Never put all your eggs in the same basket... This is easier for those with capital, ironically, those with more money can make more money without fear that those with few or little money to invest who end making more mistakes and losing more.

Of course, i already mentioned before the inconvenience and security issues of actually holding gold. With crypto you can be a closet millionaire, without anyone ever suspecting anything...

That seems rational. I, however, would choose Bitcoin and perhaps some other cryptocurrencies over gold. The reason for this is that gold has been around for too long and pretty much everyone believes it's a good investment. But Bitcoin, while seems to be a secure long-term investment to me, is way less known and is still very new. Gold is literally unable to bring even comparable profits. Over the last 5 years, the price went from $42k/kilo down to $34k/kilo and up to $45.6k/kilo. These fluctuations are tiny and even insignificant if compared to Bitcoin. After all, over the last 5 years, Bitcoin went from $500/coin down to $200/coin, up to $20k/coin and is currently worth $10k/coin. So if you bought Bitcoin 5 years ago and just cashed out now, you'd have 20x profit. Compare it to less than 1.1x with 5 years of gold.

OP, hodling gold might take you 100 years more to get the same profit against hodling Bitcoin for 5 years. More volatility is stressful, but it will pay off faster. Plus you're involved in the new paradigm shift. That's something to be proud, and tell your grandchildren.

i would invest in both for a simple reason: both are quantity limited.
Let me clarify a bit, besides the gold already in the market with different forms, the effort to find, mine and create ingots or jewels is quite high, hence the value.
BTC and gold are both a long term investment, with BTC you can play with the market for some short trades gains.

With what I have in the form of fiat I'll invest into bitcoin, because after years I don't think we'll get an opportunity to buy at such a low price as now. This could get good profit in the long term as well could go low which we need to understand and invest.

For gold investment I'll keep a very small fund separate from my earning for every month. This will make a stable investment as well there won't be much of growth experienced over the same in the long term. As it has high liquidity than bitcoin this will serve as a investment for immediate needs.

I prefer to choose bitcoin and gold together as the investment for the long term because both bitcoin and gold can work together to give a big profit for us. Besides that, for buying both bitcoin and gold, we don't have to buy a full 1 bitcoin or 1 gold, but we can buy with a small fraction and keep it for a long time. But some people prefer to buy bitcoin only because they feel too risky to save gold in their home and that could attract thief to steal the gold. And if they invest in bitcoin, they can keep their secret and not says to other people on where they keep the bitcoin.

In my situation, I will invest in Bitcoin. It is hard to get gold without using your own money not like in crypto currency where there are a lot of things to do to earn satoshis by just sitting in front of your computer.

 Considering the key differences between Bitcoin, one of the major cryptocurrencies, and gold, enables traders to make informed decisions and capitalize on price movements. The main differences include volatility levels, storage procedure, and sources of demand.

I would invest in bitcoin cos of its rapid price appreciation,even though it may experience some decline but in the long run,there is so much to gain

There are always comparison with bitcoin vs gold. For a long term investment, if you want a secure profits then go for gold since the longer it stayed, the higher it's price. While bitcoin is volatile even if you hold it for a long term. Though i must say, I always envy bitcoin especially when it really boomed but the market is unpredictable and the risks is really high compare with gold. But I can prove to you that bitcoin for a long term investment is really really profitable.

You know its far more easier to hide your bitcoin stash (a single piece of paper with a bunch of words written by hand) than a gold stash. You see, that piece of paper can literally hold billions of dollars (or a few cents).

I personally do not think that outrageous price you mention will be reached (unless USD collapses), so forget the get rich quick scheme, that only worked for the early investors, the later ones can make some money but are destined to never reach those gains. But, if you happen to have a bunch of gold lying around, you can actually trade it all for bitcoin and save a lot in the process. No more vault/bank renting, or hiring security guards, etc...

The mere existence of bitcoin might press against the gold price. I think at some point you will see some people selling their metals to go into Bitcoin, once they learn Bitcoin's benefits.

Think again. Your many stories high fortune can take the same space than 1¢: a piece of paper with a bunch of written words by hand... And if you are clever, you can even steno-graph those in some book or so...

There is probably going to be a new type of millionaire that remains hidden in plain view, someone who never works but doesn't appear to be in financial trouble either, ever. If the person is disciplined (no stupid "rich" life), he/she can spend the rest of their lives in complete anonymity.

I would choose both.Gold gives more security and protection against a big market crash.
Bitcoin,on the other hand,has a bright future in the long term(if no crypto ban happens)so it has to do up and at least double it's price in the next 2-3 years.I'm not one of the insane bitcoin fanatics,predicting a 100K USD price by the end of 2020.

I don't want to choose when I can choose both. Why should I gamble when there is a way for me to be secure. I am aiming for long-term investment and both are good for long-term investment.
Do not put your eggs on a single basket. I will put my money for both and I will surely win. Slowly but surely.

That is a strong thinking if you feel that bitcoin will replace gold. But the way bitcoin is gaining popularity then who can blame anyone in thinking so.

Yes , investing in both are the best choice

I just spend my money into bitcoin and I never choose another place such as in gold or real estate to intend for investing. Actually I still young to start investing in GOLD because I still have a lot of pretension to buy everything that I wanted instantly. So, I choose bitcoin to spend my money for investing, I'm sure bitcoin is a place to buy that I wanted instantly because its movement price. And I'm short term investor, so far I only buy and sell bitcoin if I got profit from it, $100 or even $1000 I have got them since I started to invest in bitcoin. These things has made me comfortable to choose bitcoin and never tried to choose another place beside it.

The value of Bitcoin is much higher than gold, I always think that BTC can replace gold. In general, gold and btc are the same, which is to keep speculating. Of course, the fluctuation of gold prices cannot be as strong as the price fluctuation of bitcoins. Here, it's more like investing in stocks.

It's a simple question for me. I've been thinking about it recently and I know the answer. I will invest in bitcoin and other cryptocurrencies. For me it is fundamentally