BTC or Gold Investment? - page 16. | Bitcointalksearch.org

Reid

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Quote from: Freddie Boyer on July 21, 2022, 09:45:15 PM

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?

BTC is faster, charts have the data. You can also see how volatile it is in just a day of its market.
If I am to choose then I'd go with BTC and I think most members here will have the same choice. You are in Bitcointalk. Grin

Gold though may be something that you could invest with for your future kids. It's not moving much which tells it will still be valuable in the long run.
Keep it then make it as inheritance for your kids as we don't know where BTC would go. Maybe it will less valuable later or maybe more.
Your kids may hate you if it goes $1 when they are old enough to receive it. Cheesy

coinerer

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Quote from: Freddie Boyer on July 21, 2022, 09:45:15 PM

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?

Bitcoin is a digital currency and Gold is a strong assets. Bitcoin is able to provide more profit than gold but investing in Bitcoin also carries more risk. Bitcoin prices can go up as well as down in a short period of time. But gold is a strong asset. And its price increases gradually but its price does not decrease much. And gold is trusted by everyone in the world. I would say if you are interested in investing in something physical then gold is perfect for you. But if you interested in investing in something digitally then you can choice bitcoin

bitbollo

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Quote from: Xal0lex on July 24, 2022, 09:06:05 AM

Quote from: bitbollo on July 23, 2022, 06:22:23 AM

let's see from a practical point of view. holding gold is cumbersome! you can't go through customs, and you can't hide it.
yes ok there are companies that offer you contracts to be able to deposit it in their caveuax but at what cost? governments could size it Roll Eyes

Let's look at this situation in terms of all the possible ways to invest in gold, not just the one most hackneyed way. Investing in physical gold is too problematic a way to invest. In addition to the inconveniences you listed, in many countries you have to pay a large tax, sometimes as much as 20%. It is extremely unprofitable, so in addition to investing in gold bullion or coins, there are shares, ETF, stocks of mining companies, OMC, futures. Such ways also have some disadvantages, but they allow you to avoid all those customs problems and what you've listed in terms of disadvantages of investing in gold.

it is absolutely true. these tools are also valid for managing gold.
but in this way the liquidity that such an asset can give is lost. you have a surrogate.
You Need a third part for your operation even for storage big amounts.
Plus (worst part), it can be taxed or seized at the source ... in short, the main problem remains which is the unique advantage that bitcoin offers....

Xal0lex

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Quote from: bitbollo on July 23, 2022, 06:22:23 AM

let's see from a practical point of view. holding gold is cumbersome! you can't go through customs, and you can't hide it.
yes ok there are companies that offer you contracts to be able to deposit it in their caveuax but at what cost? governments could size it Roll Eyes

Let's look at this situation in terms of all the possible ways to invest in gold, not just the one most hackneyed way. Investing in physical gold is too problematic a way to invest. In addition to the inconveniences you listed, in many countries you have to pay a large tax, sometimes as much as 20%. It is extremely unprofitable, so in addition to investing in gold bullion or coins, there are shares, ETF, stocks of mining companies, OMC, futures. Such ways also have some disadvantages, but they allow you to avoid all those customs problems and what you've listed in terms of disadvantages of investing in gold.

wxa7115

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Quote from: Freddie Boyer on July 21, 2022, 09:45:15 PM

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?

When it comes to their volatility this is a no contest, bitcoin is way more volatile, this can be good or bad depending on what you want to achieve, gold does not move that fast and it can take a very long time before you see gold doing anything, it is because of this many people still prefer gold as a store of value.

Bitcoin on the other hand is more volatile and while it can go down in price dramatically it can also do the same in the opposite direction giving you way more profits in a shorter amount of time than gold, so which one you buy will depend entirely on your time preferences.

Wexnident

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Both are fine as investments imo, Gold is more on stability though so you can't really expect big gains, but as I said it is stable. BTC on the other hand is volatile, so you're either up by a lot or down by a lot. Gold is the reliable option that has a history as its backing, crypto, on the other hand, is more like a toddler that you wouldn't really know whether would go up or down (though if you look at it's history, if played well, can bring a LOT in the plate). I'd suggest putting your investments into both if you can't really decide.

bitbollo

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no one has a crystal ball and can make an accurate prediction about the future

Gold offers some historical advantages, it has been traded and used as a valuable asset for millennia!
but as soon as a new deposit is discovered or there will be a new extraction method (for example see asteroids) what will happen to the value of this metal? Roll Eyes

let's see from a practical point of view. holding gold is cumbersome! you can't go through customs, and you can't hide it.
yes ok there are companies that offer you contracts to be able to deposit it in their caveuax but at what cost? governments could size it Roll Eyes

bitcoin is something different. I am an extremely confident person about his future because I see not only something that "has an economic value" but above all I see innovative technology.

antsam

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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.

Wong Gendheng

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It can't be denied anymore that Gold is the first choice in investment, if I have millions of dollars then I will invest in gold, many reasons that make gold are the first choice, and I think the most worthy thing is security and is always accepted anywhere, but for now I still make Cryptocurrencies as the main investment because with a capital of $ 100 or even lacking, we can have the opportunity to profit up to 100% within a year or even less.

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Quote from: Freddie Boyer on July 21, 2022, 09:45:15 PM

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 distinguish between them and look at the profits and risks you can accept with them, Because I see gold here, the volatility of gold is not much and it is a good haven to maintain as well as get safety with large holdings. And BTC is different as it can bring big profits as well as big losses if you are not willing to hold the process long term with it. So I just want to advise you to choose between them, buy BTC and hold them for as long as possible.

Flexystar

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Oh my God I am flattered with the graph shared by @GreatArkansas. The growth of bitcoin is enormous and can not be compared with any other asset available in the world. This makes me more jealous because I wish I would have been on that very first train to buy the bitcoin and keep it as it is until I sold them at current rate or ATH. That’s insane man, and its like today also I want to follow the same steps which I missed. I still believe bitcoin will show similar % hike in next decade cycle. Definitely its Bitcoin for me and after seeing this graph no one can change the mind.

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Quote from: rozak on July 22, 2022, 12:05:03 PM

Quote from: DanWalker on July 22, 2022, 11:41:58 AM

Quote from: cheezcarls on July 22, 2022, 09:44:48 AM

If my wallet isn't hacked back then, I could have still hold a decent amount of Ethereum where I've bought it below $200.

This is also considered part of the risk in crypto investing, what happens when all your assets are put into crypto and that unfortunate thing happens again.

Cryptocurrencies, specifically bitcoin, are an investment that can be said to be better than gold for the long term, but riskier than gold. It's not only about price fluctuations but also other risks like attacks against storage wallets. So, in my opinion, we should invest both, maximize return and minimize risk.

investing in both is indeed the best solution. but for those who have experienced crypto trading and investing, keeping their gold is also likely to be difficult. there is a tendency to choose to invest in crypto assets such as Bitcoin or other assets rather than gold.

the solution, if you want to find a better return, then bitcoin will be better than gold. but we must know the risk that exists in bitcoin is also greater than gold.
while Gold which has less risk than bitcoin, has a smaller return. even tend to be stable.

If you are not a fan of gold, then you shouldn't invest all your assets in crypto. I agree crypto is good, but there's no guarantee that it'll remain like that in the future, every investment comes with some risk. Having a diversified portfolio is one of the essential things you have to do. If you are experienced in trading and don't like gold then you can invest in stocks, forex or real estate which are all good investments.

Xal0lex

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Quote from: Freddie Boyer on July 21, 2022, 09:45:15 PM

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?

Different asset classes and they serve different purposes. Do you want to invest first in gold, then in bitcoin? And what is the point of that. Gold is famous for being a safe haven and a haven to preserve value, bitcoin is famous for being a risky asset, but good for investing for the long term to make a profit. If I were to reason like you in terms of investment priorities, I would first choose bitcoin investments, which will be more profitable over the long term than gold investments, and I would transfer the profits made to gold to preserve the value of my assets and for diversification, because gold is not as volatile as bitcoin.

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Quote from: Freddie Boyer on July 21, 2022, 09:45:15 PM

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?

Gold is a good investment and is volatile just like Bitcoin so choosing between bitcoin and gold all depends on what we are really interested in and if we can trade the gold market like a pro. Gold is not easy to trade and it requires good experience in the market to be able to trade gold. Bitcoin has no problem even though you don't know how to trade it. You can as well buy some amount of Bitcoin and keep or hold and wait for it to appreciate.

crzy

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Quote from: Freddie Boyer on July 21, 2022, 09:45:15 PM

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?

You can have both, its easy to own them nowadays and fastest ROI will depend on your strategy and with the market situation. Honestly, I don’t have to choose because I’m investing with them already and so far BTC made a good return for me maybe because I was able to buy at the bottom price and now with a good pump, it brings good profit to me as well so perfect timing is a key.

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Quote from: Freddie Boyer on July 21, 2022, 09:45:15 PM

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?

High risks, high turns.'This may be the answer. If you are ready with the high risk, you can invest in Bitcoin. But you must be patient on the market condition, never panic everytime the price is dropped
Bitcoin is worthy of long-term investment, but if you panic every time the price drops and you sell off the coin, it will make you loose
if you want to have less risks, you are better to go to gold.

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Quote from: Freddie Boyer on July 21, 2022, 09:45:15 PM

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?

Cryptocurrency or especially BTC is always interesting in their ROI but many people still choose gold rather than BTC cause of its volatility and other things. I believe that Bitcoin can be digital gold for those people who prefer high risk high return and right now is the best time for us to buy as much as we can for this digital gold since the price is on discount.

rozak

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Quote from: DanWalker on July 22, 2022, 11:41:58 AM

Quote from: cheezcarls on July 22, 2022, 09:44:48 AM

If my wallet isn't hacked back then, I could have still hold a decent amount of Ethereum where I've bought it below $200.

This is also considered part of the risk in crypto investing, what happens when all your assets are put into crypto and that unfortunate thing happens again.

Cryptocurrencies, specifically bitcoin, are an investment that can be said to be better than gold for the long term, but riskier than gold. It's not only about price fluctuations but also other risks like attacks against storage wallets. So, in my opinion, we should invest both, maximize return and minimize risk.

investing in both is indeed the best solution. but for those who have experienced crypto trading and investing, keeping their gold is also likely to be difficult. there is a tendency to choose to invest in crypto assets such as Bitcoin or other assets rather than gold.

the solution, if you want to find a better return, then bitcoin will be better than gold. but we must know the risk that exists in bitcoin is also greater than gold.
while Gold which has less risk than bitcoin, has a smaller return. even tend to be stable.

DanWalker

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Quote from: cheezcarls on July 22, 2022, 09:44:48 AM

If my wallet isn't hacked back then, I could have still hold a decent amount of Ethereum where I've bought it below $200.

This is also considered part of the risk in crypto investing, what happens when all your assets are put into crypto and that unfortunate thing happens again.

Cryptocurrencies, specifically bitcoin, are an investment that can be said to be better than gold for the long term, but riskier than gold. It's not only about price fluctuations but also other risks like attacks against storage wallets. So, in my opinion, we should invest both, maximize return and minimize risk.

ethereumhunter

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Quote from: Freddie Boyer on July 21, 2022, 09:45:15 PM

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?

Yes, both investment bitcoin and gold investments are good choices. But if you asked what the fastest to make a profit is, I guess the answer is bitcoin because I buy and sell bitcoin besides holding and waiting for the highest price to sell. I do not sell gold for some time and prefer to hold it and only sell it if I have an urgent situation while I use bitcoin to make money and also use it for investment. I think you do not have to confuse about the ROI because you will see which one will give you the profit and you should decide later.

Topic: BTC or Gold Investment? - page 16. (Read 9153 times)