Topic: Do you still have thoughts of picking Gold over Bitcoin, read this. (Read 966 times)
September 19, 2021, 03:14:41 AM
Compared with Bitcoin, the advantages of investing in gold are obviously higher than that of gold! The total number of bitcoins is 2,100w, and gold has been continuously mined globally. The greater the amount of mining, the greater the impact on the price of gold. Secondly, inflation and the central bank’s price of gold may be manipulable. So I think that investing in Bitcoin is not only a big profit space, but also long-term bullish, and the price is not controlled by the government!
September 18, 2021, 11:28:26 AM
There are still global investors who do not see bitcoin as a good investment. Only the youngest investors and some well-known investors dare to invest in bitcoin.
The investment of gold as a reserve asset according to the data we have when the Federal Reserve was created in the United States in 1913 has made gold a strong asset and guarantor for traditional investors ever since.
It is a matter of time before the balance tips and bitcoin is considered in more investment portfolios.
We are one step away from bitcoin overtaking facebook in the capital market. Bitcoin ranks number 9 ($ 911.32 B) on Top Assets by Market Cap.
https://companiesmarketcap.com/assets-by-market-cap/
The investment of gold as a reserve asset according to the data we have when the Federal Reserve was created in the United States in 1913 has made gold a strong asset and guarantor for traditional investors ever since.
It is a matter of time before the balance tips and bitcoin is considered in more investment portfolios.
We are one step away from bitcoin overtaking facebook in the capital market. Bitcoin ranks number 9 ($ 911.32 B) on Top Assets by Market Cap.
https://companiesmarketcap.com/assets-by-market-cap/
September 18, 2021, 10:07:01 AM
The debate between choosing gold and bitcoin will continue for the long term. for me gold and bitcoin can not be separated from my life. I use bitcoin to generate profit while gold is used to store assets. I think now bitcoin has the risk of changing price movements. so I think it's an option for someone to choose gold or bitcoin
Many people are conservative and always think their choice is the best in the world, protesting will touch their pride and like a touched wild animal, it will ruffle its fur to protect, gold lovers will give enough proof of the advantages and Bitcoin lovers will do the same, both sides are talented orators and use personal theory to polish their point of view but when all are speakers, listeners do not exist and become a flea market to raise their voices to each other. Without the police it would be impossible to suppress such riots while the theory is simply not to touch each other and free to go according to opinion, good or bad is the result of each person. September 18, 2021, 07:58:21 AM
Gold growth is slower than bitcoin and has a lower risk than bitcoin and a lot of negative news and scams about bitcoin out there. Until now many people still believe in gold more than bitcoin because of it.
In addition to investment, Gold is also a popular asset to maintain value. So gold and bitcoin are good assets till now.
In addition to investment, Gold is also a popular asset to maintain value. So gold and bitcoin are good assets till now.
September 18, 2021, 06:45:00 AM
It's quite surprising how people still consider gold a more profitable investment than Bitcoin. Guess they're not familiar with the saying, 'the higher the risk, the greater the reward'. Although this doesn't mean you should go taking uncalculated risk as that'll be a deadly move that could cost you all your funds. Bitcoin has shown time without number that it's the better investment vehicle than Gold and it just did it again
Maybe people are more afraid than risking that is what happening here , we already see how bitcoin prove being more valuable. profitable and worth to hold than gold over 10 years now yet ? still others choose Gold against bitcoin.they already see the proof still nothing comes to their mind but assurance.
but don't worry mate because in the end of the day those people are the one who cries loud everytime bitcoin break the current ATH.
when 2017 pump happens many of them tells them selves i will invest in bitcoin same as what they say when the price reaches 60k this year yet? until now telling the same story.
September 18, 2021, 05:46:49 AM
Well, I used to have that thought of buying myself some weigh of gold right before Bitcoin got introduced into the world. But not anymore as the future will certainly have something to deal with digital tech and bitcoin with no shadow of doubt would fit into that lifestyle.
September 18, 2021, 01:36:56 AM
Bitcoin and Gold are both cool investment. You cannot fully blame those who pick Gold over Bitcoin because Bitcoin has a higher volatility than Gold. Some people prefer slow and steady than something that isn't fully stable. Imagine buying Bitcoin at $46k and then tomorrow morning it's at $43k. You may say it's not a problem because you believe it'll come back up but not everyone can handle it. Both investments have their advantages and disadvantages.
You are right. Investors have their right to invest in whatever Investments they see safe and some will still not come to terms with the fact that Bitcoin regardless of all the positive signs it has shown over the years, is still a good place to put their investment. People are wired differently and of course, that will have this effect on their investment mind. And as the poster mentioned, The higher the Risk, the Higher the Reward and for those that have been able to take that risk in believing in Bitcoin and Investing in it, the results have been there. September 18, 2021, 01:15:25 AM
The debate between choosing gold and bitcoin will continue for the long term. for me gold and bitcoin can not be separated from my life. I use bitcoin to generate profit while gold is used to store assets. I think now bitcoin has the risk of changing price movements. so I think it's an option for someone to choose gold or bitcoin
We cannot stop this debate until the world show itself which one is more valuable in the future, most of people who choose gold is majority boomers or old people who don't open their eyes to see the world growth.
Digital assets is much more valuable right now and if we don't keep chasing with the technology, we will be lost.
So i think in the future there will be no longer people saving their assets into a physical assets but with digital assets with safer security from now.
September 18, 2021, 01:10:21 AM
I agree with you on it. Bitcoin shows great potential and comes with higher rewards. It’s a great way to invest and get good rewards. However, many people also prefer gold because it isn’t volatile unlike bitcoin. Those who want to play safe when investing would still prefer gold because it comes with less risks or no risk at all. So, whether someone prefers gold or bitcoin depends on their mindsets and how much risk they are able to take based on their requirements.
September 17, 2021, 06:25:24 PM
The debate between choosing gold and bitcoin will continue for the long term. for me gold and bitcoin can not be separated from my life. I use bitcoin to generate profit while gold is used to store assets. I think now bitcoin has the risk of changing price movements. so I think it's an option for someone to choose gold or bitcoin
September 17, 2021, 04:44:07 PM
Why don't pick both Bitcoin and Gold for investments? I don't think we must choose one of them to invest, as we know that diversification should be a better idea. Honestly, I invest both in Gold and Bitcoin, I am not a typical person who wants to invest in a single thing only. Actually, I also invest in land and a culinary business. For me, it is needed to invest both in a digital asset and in the physical asset (real life). We don't know what to happen in the future, so we cannot rely on Bitcoin only.
September 17, 2021, 03:44:31 PM
snip..
no wonder why people prefer to invest in gold over Bitcoin, people still have conservative thoughts and also don't understand the potential of Bitcoin. I also have an uncle who doesn't believe in bitcoin even though I've made a lot of money from bitcoin, he believes more in gold because it can be brought to sleep and has a real physique he said..
September 17, 2021, 01:49:26 PM
I do get your point but I think the reason why some people still prefer gold over bitcoin is because of having a stable market and intrinsic value which is used in different aspects of our life specifically technology. It's a much safer investment than BTC since it has stable demand and actual usage even though BTC has high profitability but still a risky investment.
It should not be really a big problem when it comes in investing if we have too much money then investing in both is the nicest to do as we need to put our investment in different baskets to avoid too much risk and both have shown profit in the long run. Just look at their value 5years ago and how their price pump up to now when we sell them. The only problem will occur when we only have few money and wanted to invest it on both we need to determine what we wanted most, the less risky or the one we can manage to see the price goes up and down in tome of trading. 
September 17, 2021, 01:39:32 PM
snip..
no wonder why people prefer to invest in gold over Bitcoin, people still have conservative thoughts and also don't understand the potential of Bitcoin. I also have an uncle who doesn't believe in bitcoin even though I've made a lot of money from bitcoin, he believes more in gold because it can be brought to sleep and has a real physique he said.. 
September 17, 2021, 01:18:02 PM
You are right about bitcoin being relatively more profitable than gold considering the amount at which it can increase in price among many other factors. But the reason people pick gold over bitcoin is mainly due to the fact that it has existed longer in the market enough for it to cement itself as a standard in many stores-of-value assets which bitcoin is trying to go for. I wouldn't say investing in gold isn't a profitable venture because it still is, just that bitcoin overshadows its presence because of how bitcoin moves in the market right now.
"The higher the risk, the greater the reward" is not a good way of thinking all the time. As it is already known that the risk is increasing as for cryptocurrencies, this means that you can lose a great deal of money also. Taking a big risk doesn't guarantee that you will make a lot of profit. I have investments into gold and Bitcoin both. Because it is not advised to put all eggs in one basket.
This is a better approach if I do say so myself. Breakeven and get the best out of both options. It's not always appropriate to go balls-deep on one asset because of its high profitability because at the end of the day, there is still some risk involved in it no matter how big or small. Altogether a sound decision and extensive research will do you wonders than going ape and investing on a particular asset like bitcoin just because "it's the most profitable" coin out there. September 17, 2021, 01:00:37 PM
"The higher the risk, the greater the reward" is not a good way of thinking all the time. As it is already known that the risk is increasing as for cryptocurrencies, this means that you can lose a great deal of money also. Taking a big risk doesn't guarantee that you will make a lot of profit. I have investments into gold and Bitcoin both. Because it is not advised to put all eggs in one basket.
September 17, 2021, 12:57:02 PM
Bitcoin and Gold both are good investment platforms. It depends upon the investor whether he prefers Gold or Bitcoin for his earning.
The person who is working on Gold for a long time and has well experienced in the gold business. He will do this business The rise & down of the gold price is not very fast. But The ups and downs are part of crypto and Bitcoin. So the person who feels comfortable in the Bitcoin business. He should do this. This crypto business will start with a small amount also but this is not in the gold business.
If you can afford to take a higher risk and are smart enough, you definitely have to choose Bitcoin. We can't see Gold move so fast unlike what we've experienced in Bitcoin's trend. The person who is working on Gold for a long time and has well experienced in the gold business. He will do this business The rise & down of the gold price is not very fast. But The ups and downs are part of crypto and Bitcoin. So the person who feels comfortable in the Bitcoin business. He should do this. This crypto business will start with a small amount also but this is not in the gold business.
It is not about that if you were in the Gold business you will die keeping on it. No, I don't think so. If you have the reason why you are in this investment world, you'll probably be choosing those investments that can give you such satisfying returns in a shorter time.
Lime if you bought Bitcoin today at $45k, this might become $100k a year after (as an example) but this was impossible to happen in Gold. Yes, you can expect some increase of the price but not that much as Bitcoin can do.
Its not that easy to earn in BTC market. You need to well equip with knowledge and skills to handle the BTC volatility, otherwise you will be just another loser in this market.
Gold market on other hand has more capital, its stable and run by fundamentals. IMHO, if you have capital then invest in both Gold and Crypto.
September 17, 2021, 12:48:06 PM
It's quite surprising how people still consider gold a more profitable investment than Bitcoin. Guess they're not familiar with the saying, 'the higher the risk, the greater the reward'. Although this doesn't mean you should go taking uncalculated risk as that'll be a deadly move that could cost you all your funds. Bitcoin has shown time without number that it's the better investment vehicle than Gold and it just did it again
Just came across this article and think it'll be best I shared it here for the doubters still hoping for their previous metal to recover while they keep on missing out on the chance to partake in one of life greatest innovation.
Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles. I would prefer my investment in an asset that could give me higher double digits gains than an asset that can barely gives strong double digits gains and yet been called the safe heaven when it also poses same risk of a lost in value during trying times.
Just came across this article and think it'll be best I shared it here for the doubters still hoping for their previous metal to recover while they keep on missing out on the chance to partake in one of life greatest innovation.
Quote from: One Bitcoin now buys 0.6 kilograms of gold as 10-year returns turn negative
As of Tuesday, fresh data shows that Gold/USD traded 3.7% lower than it did in the same day in 2011.
Source: https://cointelegraph.com/news/one-bitcoin-now-buys-0-6-kilograms-of-gold-as-10-year-returns-turn-negative
Source: https://cointelegraph.com/news/one-bitcoin-now-buys-0-6-kilograms-of-gold-as-10-year-returns-turn-negative
Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles. I would prefer my investment in an asset that could give me higher double digits gains than an asset that can barely gives strong double digits gains and yet been called the safe heaven when it also poses same risk of a lost in value during trying times.
You seem to conveniently skip over the fact that high risk also means there is a greater chance of losing all or a large chunk of your initial investment. Everyone investing in crypto is essentially taking an uncalculated risk because nobody really knows why it has increased in value so much - is it because the mega rich find it way easier to move money across borders? is it because criminals have a level of anonymity outside the banking system? is it because the world is awash with money and people don't want it sat in bank accounts earning 0.5% per year? You can look at pretty much any asset and find a window that makes it look like a bad investment, if you bought bitcoin at $65k you're currently looking at a loss, if you bought gold at the right time in 2016 and sold at peak Covid you could have doubled your money.
September 17, 2021, 11:27:38 AM
Its good that you have them both so you can maximize your profits in the near future. But if i have to choose between the two, i would rather invest in this new innovation that has made a huge price increase in the previous years compared to gold that its value is almost not increasing. There might be a price change but definitely not that high with bitcoin. And with the faster adoption of bitcoin that will make its price more valuable, then there's no reason that we should pick gold over bitcoin.
the plan I made with gold investment is the result of profit from day trading.such as examples of profits in daily trading that I collect in a matter of weeks or months. I made a profit withdrawal and left my fixed capital. the profit I get from trading I will save to gold.
and now I have accumulated a profit value that is almost the same as the capital I use in daily trading in the form of gold.
September 17, 2021, 10:58:34 AM
Its good that you have them both so you can maximize your profits in the near future. But if i have to choose between the two, i would rather invest in this new innovation that has made a huge price increase in the previous years compared to gold that its value is almost not increasing. There might be a price change but definitely not that high with bitcoin. And with the faster adoption of bitcoin that will make its price more valuable, then there's no reason that we should pick gold over bitcoin.
the plan I made with gold investment is the result of profit from day trading.such as examples of profits in daily trading that I collect in a matter of weeks or months. I made a profit withdrawal and left my fixed capital. the profit I get from trading I will save to gold.
and now I have accumulated a profit value that is almost the same as the capital I use in daily trading in the form of gold.
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