Topic: BTC Silver and Gold - page 2. (Read 811 times)

Always hold both I would argue, never be tempted to hold all of what appears to be moving fastest or the largest gains though thats more possible when you have little to lose in the first place.
Gold fell from 2011 onwards near to the end of the decade, so almost the entire time it could be skipped as any profitable asset.   I would still argue it was fair to hold as a kind of insurance or absolute fallback, the balance for gold is maybe 1% to 10% of total asset value for a person.   The correct frame work would be as a pension related asset, since you cannot reliably save plain cash for retirement gold is best kept in most peoples portfolios for at least the long term.   I think gold works in 1 decade movements and also it can taken an entire decade for a new gold mine to be established.  If there is any sustained rise in demand it would require substantial investment to return new sources of any size which is where the profits are likely to come from an imbalance.
  BTC is completely fixed in supply but is subject to greater speculation where as gold is used as a central bank asset and has been in net purchase by central banks since the start of the century even while price was falling that was true

Bitcoin Silver and Gold had their own supporters in the market.But why did you choose the Bitcoin Gold or Bitcoin Silver,when the Bitcoin itself still available in the market.You can split the savings into three parts,that is 40,30,30.So inverse the 40 percentage into the bitcoin,the first 30 percentage into Bitcoin Gold and another 30 percentage into Bitcoin Silver.As like the bitcoin,this silver and gold survive in the market.But if you had huge investments for the longer time,you can choose the bitcoin.


The thread is based on the Bitcoin gold and Bitcoin silver and not based on the physical gold,Correct me if I was wrong.If the thread discussed with the gold and bitcoin,the trader should choose the gold for the longer period then the time expectation on bitcoin pump.The next halve of bitcoin was expected next year,So many old people keep their bitcoin for the next pump to get profit in the next year.Holding of bitcoin over a year will gives you ten times of profits as compared to now.

The problem for anyone which is thinking on investing on gold is that it can take decades before it presents an important movement, and not many people can hold their gold for that long without wanting to do something with that money, however if you are one of the lucky ones which is holding gold when it skyrockets the profits which it can give can be amazing as well, but now that bitcoin exists it seems possible this performance may not be as great as anticipated, as it possible that during that time bitcoin could also experiment an immense growth as well.

Holding gold is not an especially dynamic or performing investment, it counters inflation to some extent because dollars are measured in gold not vice versa.  There is demand for gold at present so I would expect at least price of gold to rise with inflation possibly more but its not a massively performing asset like the hopes that go with crypto also it could be said safer in some ways though not carried personally clearly.
  In the world today we have a great demand for Dollars because of how economies are arranged, gold if anything is yet to rise with demand though there are net buyers for decades now its still  a market with growth though less then crypto imo.

I also think that the price of gold in the coming years will continue to increase when the currency war between the superpowers, America, China, and Russia is intense, and countries are racing to hoard gold as much as possible. In the long term, this will stimulate gold prices to new ATH levels is not difficult. But to make a significant profit from investing in gold, we need to have a large amount of capital, and this is very difficult for individual investors like us. And that's also why I think people choose bitcoin over gold to invest.

It's Bitcoin! Other alternatives as well... I've reached the point in my life when I'm considering starting a side business, and cryptocurrency seems like the greatest choice. Simply said, I believe that cryptocurrencies, especially Bitcoin, are the wave of the future. I believe we are still in the early stages of crypto, but I also believe that fresh generations will further it. Younger generations, who all seem to be interested in technology and will ultimately begin learning about cryptocurrency... After over ten years of dealing with cryptocurrency, we will run into 18–20 year old "kids" who are more knowledgeable about it than we are.

Apart from investing in Bitcoin, I also bought a few grams of gold as a hedge, this I did nothing to do with inflation. I buy gold from the profits I get from investing in Bitcoin, the goal is that the profits I can freeze on assets that have a relatively stable value.
Selling gold is also very easy around where I live, in just 10 minutes it can be exchanged into money. While the Bitcoin that I have remains at authorized capital, if there is another opinion in real life, I will increase the investment amount if the Bitcoin price is suitable to buy.

Gold may have very limited use cases but it is way more rare than Silver and that is the reason why there is a huge price difference between the two. I don't say that Silver is bad, it's also good as it is a useful metal and it has a lot of use cases as you mentioned, but it's not as scarce as Gold and that is the reason why it's cheaper than it.

If I was to invest money into one of these, I would most definitely go with gold since I know and I can clearly see that the price of gold is increasing rapidly and that has been the case for the whole history of its existence.

Each to their own. BTC as an inflation shield is cool, but it's a wild ride. silver, gold? Ancient treasures that defy market fluctuations. BTC may provide short-term gains, but diversification into precious metals and other assets is best. BTC market globally? A mess. Risk tolerance matters. But I? Bitcoin resists inflation and the unknown, therefore I'll keep using it.

Well, if you are not confident enough when investing in bitcoin, you shouldn't invest too much in it, it will give you more heartache than pleasure.
Bitcoin makes up more than 50% of my portfolio, but unlike you, I get more excited and will buy more every time bitcoin drops in price. I have never doubted bitcoin and have always been confident in my choices. I bought some bitcoins for $40k last year, but if I could wish, I still want bitcoins to fall more than rise.

It seems that your heart is not strong enough to hold Bitcoin for a long time so you still feel worried when you are holding a larger amount of Bitcoin. And because you still feel that way when holding the best crypto assets like Bitcoin, you are not suitable to be an investor and also not suitable to be a part-time trader because you will always be busy checking market prices which is basically not necessary.

And if you are still afraid of falling prices in the market, you better not hold any crypto assets of any size right now. Because it will be much better for you where you will live more comfortably without the need to spend time continuously checking prices in the market. But what's still strange here is why do you dare to keep 10% of your assets in crypto without checking the price? Even though it's not much different when you keep 50% of your assets in crypto.

Of course this is according to our considerations, keeping 60% of assets in bitcoin and altcoins, I have kept bitcoin assets with an amount of around 50% and it always makes me worried so I have to check prices frequently, if there is a daily decline of more than 5% then I will sell so this makes me tormented so that I leave only 10% of assets.

The returns of the metals are not comparable to bitcoin, but they are also really a good investment in the long term. But for retail investors like us, investing in metals will not bring too much profit. I invest in gold because it's safe and it's just my backup plan, I don't put too much expectation on it because its volatility is not high.

You don't invest in any other assets and just focus on bitcoin? I think it's quite risky to focus on just one asset because we never know what will happen. Even if it's not bitcoin, we should diversify or have a plan B.

Almost 60% of my net wealth is in the form of Bitcoin and other cryptocurrencies (that is mostly because I made my investments back in 2014, when the Bitcoin prices were very low). However, at this point around 4% of my wealth is in gold (mostly gold ETF, a small fraction in the form of physical gold coins). I have a few bars of silver with me, but I have never invested in that metal seriously. At this point, my silver holdings are around 0.01% of my net wealth. I am thinking about increasing my gold stocks. But now the prices have gone up by quite a lot.

a lot of people who don't have a lot of money choose to invest in Bitcoin in the hope of getting bigger profits but I think it's quite worth it with all the risks that will be faced, it's not wrong indeed but the risk of losing a lot of the money we have is big enough so I think it would be better if the two options were used for long-term investment, Gold and silver for safe investment and Bitcoin for profit, all of which can still be done together with the same or different percentages.

Gold and silver is a safe type of investment because of low price fluctuations, almost all commodity prices always use gold and silver as a reference, in my opinion gold and silver is suitable for those who have millions of dollars, while I prefer bitcoin because I hope to make hundreds of profits percent in a year or less.

I have a gold bar of a few grams and may buy another one soon, although I think every day Bitcoin shows itself as an improved digital gold and that being the case, there is not much point in accumulating gold if you don't accumulate much more Bitcoin. But I believe that gold, unlike other objects that have been replaced and practically made to disappear by their digital versions (like paper maps) will continue to have a future because of its use in jewelry or industry that cannot be replaced by its digital version.

I do not store gold and silver.

Firstly, my finances do not allow me to own them.

Secondly, they have lower investment potential than BTC.

Thirdly, they have very high value.

Meanwhile, with BTC or cryptocurrency, you only need a very small amount of money to own them.

I don't, Why? the reason is simple they have less profit ratio than BTC and it's hard to secure them in person at places like mine where theft is common. but in the long run, I think BTC has more potential to give more profits rather than gold and silver, if a big pile of gold is discovered in the future it will increase the supply and will decrease the rates at the regional level (If I am not wrong). But BTC will keep its scarcity as it has a fixed supply and in the big run it will provide a main hedge against inflation plus the future is moving toward digitalization and transparency.

Old minds, controlling most of the money in this world are against moves that are in support of digitalization, so, AFAIK, total digitalization could occur around 2050 and once it will happen, Digital currency like BTC will have more potential than Gold and silver. Plus BTC has the international market to which you can access easily while you can sell your gold to a regional shop or anywhere in your country. This decreases the chance of best buying and selling while BTC is globally available and you can sell them from anywhere. The point is if the economic situation of one country like if mine, goes down then the prices will of gold and silver will be high but BTC will not be manipulated by my country's economy + there will be less buying if such a situation occurred as people with fiat will be left with less value as per there money. While in BTC, my country's economy doesn't matter and BTC will keep its prices stable even if things happen then it's an international market where demand and supply will never end instead in a single country it will be restricted.

Gold and silver are not the only existing alternatives to bitcoin. I prefer to invest part of my free money on business development, it can be small grocery stores, because people will always want to eat, and it can be premises for commercial purposes, since people will always try to do something and for this they need premises . Gold can also be a good alternative or addition, but I don't know who in my circle would seriously buy gold for investment.