Pages:
Author

Topic: BTC or Gold Investment? - page 14. (Read 9153 times)

legendary
Activity: 2268
Merit: 1655
To the Moon
July 27, 2022, 06:36:03 AM
#84
Making investment decision, I will always go with Bitcoin inasmuch we're still in the Cryptocurrency bear market. But at a time cryptocurrency market is experiencing a boom which has been relatively long, I will go for gold because after the long time boom for Bitcoin or crypto in general, the doom is the next and gold's price doesn't dip as much as Bitcoin does with volatility.

What is the point in a bear market to transfer your assets to gold if it also falls, albeit by a smaller percentage. In this case, it would be the right decision to simply sell your assets and withdraw funds to fiat. And later, after the price of bitcoin and gold decreases, it will be possible to make purchases at a lower price.
legendary
Activity: 2380
Merit: 1019
Be A Digital Miner
July 27, 2022, 05:41:06 AM
#83
Quote
If I didn't understand Bitcoin at all I might have chosen to Invest In Gold but because I have been in this space for a while and understand the market dynamics I will certainly choose to Invest in Bitcoin. Yes, Gold is more stable which means over time it will be less ROI when compared to Bitcoin so Investing in Bitcoin is the Choice, and Gold could be my stablecoin.

Investing on bitcoin in this season is more favourable than Gold, because Bitcoin price can increase higher at anytime for traders to have something good to achieve from their investment. I think, Bitcoin is a good choice for those that understood the way it favour traders that invested huge amount of money when the price is low and sell when the price is high in the market. I will prefer to invest a huge amount of capital on Bitcoin and invest little capital on gold, because gold used to take a long time before the price will increase higher compared to bitcoin price that can pump at anytime in the market.

In the current market conditions, bitcoin is a better investment option than gold. Bitcoin is currently undervalued much lower than recently reached ATHs, so it is a good idea to acquire bitcoin now. But you also need to clearly understand that the volatility of bitcoin is unpredictable, it is very likely that bitcoin will continue to decrease and you will suffer losses in a short time. In order to successfully invest in bitcoin, it is essential that you accept its volatility and hold until the price increases, rather than panic selling.
member
Activity: 789
Merit: 10
July 26, 2022, 10:31:23 PM
#82
If you can accept market conditions that have very high fluctuations, then you should use BTC because as we know in previous history, BTC movements have been very high since the last few years. But if you are looking for a safe investment and price movements are not too fluctuating, then you should start investing in gold instead.
full member
Activity: 2044
Merit: 109
July 26, 2022, 09:51:31 PM
#81
BTC and gold investment is the right choice as a very good asset diversification in my opinion. If you look at market developments so far, Crypto, especially BTC, is very fast to rise and recover from falling prices compared to gold, whose increase is not drastic but is very stable, not volatile like BTC.
GOld is not as good as bitcoin. GOld was stable investment. Someone has been mentioning the right statement about gold. that stable asset can't be used as investment. that's only store of value to make your money became stable caused by gold was following the inflation.
It's better to keep gold to follow the ration of inflation. People understand it in wrong way if they were using the gold as investment while the price is steadily growing up caused by the inflation.

I think the concept of investing that says don't keep money in the same box is correct, so it is necessary to diversify investment assets. Gold is a wise choice also for investment including BTC
member
Activity: 573
Merit: 30
July 26, 2022, 02:09:31 PM
#80
Making investment decision, I will always go with Bitcoin inasmuch we're still in the Cryptocurrency bear market. But at a time cryptocurrency market is experiencing a boom which has been relatively long, I will go for gold because after the long time boom for Bitcoin or crypto in general, the doom is the next and gold's price doesn't dip as much as Bitcoin does with volatility.
full member
Activity: 2100
Merit: 174
July 26, 2022, 03:40:38 AM
#79
Quote
If I didn't understand Bitcoin at all I might have chosen to Invest In Gold but because I have been in this space for a while and understand the market dynamics I will certainly choose to Invest in Bitcoin. Yes, Gold is more stable which means over time it will be less ROI when compared to Bitcoin so Investing in Bitcoin is the Choice, and Gold could be my stablecoin.

Investing on bitcoin in this season is more favourable than Gold, because Bitcoin price can increase higher at anytime for traders to have something good to achieve from their investment. I think, Bitcoin is a good choice for those that understood the way it favour traders that invested huge amount of money when the price is low and sell when the price is high in the market. I will prefer to invest a huge amount of capital on Bitcoin and invest little capital on gold, because gold used to take a long time before the price will increase higher compared to bitcoin price that can pump at anytime in the market.
legendary
Activity: 2100
Merit: 1042
HODL
July 26, 2022, 03:10:38 AM
#78
If I didn't understand Bitcoin at all I might have chosen to Invest In Gold but because I have been in this space for a while and understand the market dynamics I will certainly choose to Invest in Bitcoin. Yes, Gold is more stable which means over time it will be less ROI when compared to Bitcoin so Investing in Bitcoin is the Choice, and Gold could be my stablecoin Grin
It is more likely that you would choose bitcoin over gold if you are understand bitcoin. It doesn't just stop at the price increase but in the future but when it comes to bitcoin we will talk about the technology of the future and extremely useful utilities that even gold and fiat cannot possess.
Besides, holding bitcoin is said to be safer than gold with its anonymity, no one can take your money or freeze your assets if you hold bitcoins with a non-custodial wallet.
jr. member
Activity: 336
Merit: 3
July 26, 2022, 02:39:10 AM
#77
Both Bitcoin and gold are good for investment, especially since there are ready markets for both. But gold has the boundary because of more established ways of trading it.
hero member
Activity: 1344
Merit: 738
July 25, 2022, 11:32:41 PM
#76
To me both look good, investing in gold first or BTC later, but I'm confused by the current market conditions especially in terms of ROI, who is the fastest to move on?
This will give birth to different understandings, if you ask this to people who are happy and like to invest in crypto, it is certain that people will choose to invest in bitcoin first, especially if you pay attention to the graph of bitcoin instead experiencing a positive trend, although there are still ups and downs for now and I think bitcoin is still the choice of many people in the future
hero member
Activity: 854
Merit: 743
July 25, 2022, 10:16:44 PM
#75
I myself invest in both of these things, namely gold and Bitcoin. because I can't really choose one. In physical investment I choose gold and buy space. and for digital asset investment then bitcoin is my choice. both excel in their respective places. so it's natural if you OP feel confused.
full member
Activity: 1176
Merit: 100
Next Generation Web3 Casino
July 25, 2022, 09:59:31 PM
#74
Bitcoin and gold are good choices for investment, I choose bitcoin investments because bitcoin investments can be stored in the long term and can get a lot of profit if gold investment moves slowly.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
July 25, 2022, 08:30:06 PM
#73
To me both look good, investing in gold first or BTC later, but I'm confused by the current market conditions especially in terms of ROI, who is the fastest to move on?

The fastest to move on is Bitcoin. It constantly fluctuates in price, making it extremely useful for day trading. If you know how to "play with the market", you'll be able to make a lot more money with Bitcoin than Gold alone. The latter is much more stable and trusted by many people worldwide. It's the oldest store of value in the world that can be used in times of need. I'd "hodl" both Bitcoin and Gold for complete peace of mind.

When there's no Internet access or electricity, Gold comes to the rescue. But when you want portability or privacy (sort of), then Bitcoin becomes a true winner. What to do with your money is entirely up to you. As long as you invest wisely, there should be nothing to worry about. Just my thoughts Grin
sr. member
Activity: 1666
Merit: 267
July 25, 2022, 07:19:15 PM
#72
gold is only great if you want to fight against the inflation otherwise it's definitely have a little chance of making you rich, instead with bitcoin it has shown tremendous potential throughout the years of giving ROI more than thousand percent.
I think it's all depends in your preference if you want to fight against inflation and also keeping your wealth even in the middle of crisis gold could be great solution otherwise if you want tremendous ROI and become rich then I guess other investment instrument like bitcoin is better than gold.

Gold can indeed avoid inflation, but Bitcoin can also help avoid inflation. Perhaps another advantage is that Gold will not be in trouble with the law,
because all countries legalize the circulation of gold, different from Bitcoin where there is still resistance from some countries. So not all countries
legalize Bitcoin, so selling Bitcoin is not as easy as selling Gold. But because now we are very easy to access the internet, even if we live in a country
that considers Bitcoin illegal, we can still own and sell Bitcoin. When it comes to the profit that will be generated, Bitcoin is indeed much better than
Gold, because the price is volatile we can use it to generate large profits. In the end, as you said, the decision is up to us, according to each of us.
But because actually both are very good as an investment option, I prefer investing in both, because for me it will be more profitable if
we diversify investments.
legendary
Activity: 3164
Merit: 1025
Leading Crypto Sports Betting & Casino Platform
July 25, 2022, 06:39:43 PM
#71
gold is only great if you want to fight against the inflation otherwise it's definitely have a little chance of making you rich, instead with bitcoin it has shown tremendous potential throughout the years of giving ROI more than thousand percent.
I think it's all depends in your preference if you want to fight against inflation and also keeping your wealth even in the middle of crisis gold could be great solution otherwise if you want tremendous ROI and become rich then I guess other investment instrument like bitcoin is better than gold.
legendary
Activity: 2660
Merit: 1074
July 25, 2022, 05:39:33 PM
#70
To me both look good, investing in gold first or BTC later, but I'm confused by the current market conditions especially in terms of ROI, who is the fastest to move on?
I believe that most of us already invested in gold before we get our hands on btc, that is because gold exists first than btc but I think many people have totally converted to bitcoin after knowing that it is much better than gold in terms of being profitable and then utility because you can also use your bitcoin on so many things whether offline or offline but gold can't possibly do that.

Most people won't accept gold directly in exchange for their service for some reasons like they didn't know if how much is the exact value of it while in bitcoin there are so many converters online to easily identify its value. In conclusion, it's still best to diversify and pick both of them to mitigate the risk.
jr. member
Activity: 224
Merit: 1
July 25, 2022, 12:03:05 PM
#69
I think there are certain time periods where it makes sense to invest in DeFi platforms like MAXX Finance or Alchemix, high cap cryptos like BTC, stocks, real estate or gold. We are seeing crypto recover now and alts have been pumping. Gold and stocks have been dumping. When crypto is done pumping this next cycle I will rebalance into real estate and some gold probably. As to stocks, I probably will only buy military stocks if the war in Europe heats up.
hero member
Activity: 2282
Merit: 560
_""""Duelbits""""_
July 25, 2022, 11:40:35 AM
#68
Both will be the best choice. I will also prefer buying gold while investing with Bitcoin because both of them are good for long-term investment. I just find lesser risk with gold since it isn't volatile and we could have it physically. However, Bitcoin could provide a higher profit when the market strikes high but if you're a wise investor, you will grab both because of the opportunity that these two could offer.
It's true that taking both of them is a good step, while every year it will go up even though it's not high but tends to be stable for the long term for gold, but that must also be done because we must be able to stabilize our assets in a safer place.

Bitcoin I think we already know how high risk is faced while the increase can be as short as possible, apart from all that bitcoin is a good investment too I think staying safe is long term too.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
July 25, 2022, 11:19:27 AM
#67
To me both look good, investing in gold first or BTC later, but I'm confused by the current market conditions especially in terms of ROI, who is the fastest to move on?
If you think about fast you will get washed away like many other traders who were looking for similar methods to make money. There are methods which tempt you to take them because they promise big returns in small efforts but these are mostly scams. Because you have the idea of "fast money" in your head, I am asking you to be cautious about your investments.

In all good sense, bitcoin has shown a bigger possible return than gold. But this comes with its consequences as well. Bitcoin is not easily trade-able everywhere in the world and depending upon your local government things might vary. Both are good investments but choosing one over the other is not a feasible question, because both are for the long run and bitcoin is not something that gives returns in short term.

So if you were looking for a confirmation bias echo that bitcoin is the choice for a "quick profit" - that I will say no. It takes time to get skilled about trading.
hero member
Activity: 2744
Merit: 588
July 25, 2022, 11:13:55 AM
#66
Both will be the best choice. I will also prefer buying gold while investing with Bitcoin because both of them are good for long-term investment. I just find lesser risk with gold since it isn't volatile and we could have it physically. However, Bitcoin could provide a higher profit when the market strikes high but if you're a wise investor, you will grab both because of the opportunity that these two could offer.

If you do have the funds, it is better to invest in both. Diversification is good when it comes to investments.
With gold, you have no worries that the price will go down overnight as its market has been established for so long already.
Whereas, if you are a risk taker, you can also invest some in bitcoin. But you should know the risks involved because of its very volatile market.
At the end of the day, it is on you how you will invest your funds. As long as you know what you're getting into, you can do both.
hero member
Activity: 1820
Merit: 537
July 25, 2022, 10:21:37 AM
#65
Both will be the best choice. I will also prefer buying gold while investing with Bitcoin because both of them are good for long-term investment. I just find lesser risk with gold since it isn't volatile and we could have it physically. However, Bitcoin could provide a higher profit when the market strikes high but if you're a wise investor, you will grab both because of the opportunity that these two could offer.
Pages:
Jump to: