Topic: Do you still have thoughts of picking Gold over Bitcoin, read this. - page 5. (Read 966 times)
August 11, 2021, 11:27:32 PM
The thought of investing in gold before getting to know Bitcoin, I believe many people out there also invest in gold because they don't know Bitcoin or don't understand and know how the benefits will be if investing in Bitcoin. if there are still people who still choose to invest in gold, those are people who don't want to take risks in their investments of course as you said, the higher the risk, the greater the opportunity for profit, meaning if there are still people who don't want to take risks, it means they don't want to lose their assets even if no profit is made.
August 12, 2021, 12:11:40 AM
The thought of investing in gold before getting to know Bitcoin, I believe many people out there also invest in gold because they don't know Bitcoin or don't understand and know how the benefits will be if investing in Bitcoin. if there are still people who still choose to invest in gold, those are people who don't want to take risks in their investments of course as you said, the higher the risk, the greater the opportunity for profit, meaning if there are still people who don't want to take risks, it means they don't want to lose their assets even if no profit is made.
There are still many out there who don't want to take any risks...It's true that investing in bitcoin is full of risks, but the profit that can be obtained is very much in accordance with the amount of risk that may be obtained. those who only believe in gold and don't choose bitcoin are definitely not people who dare to take risks.
August 11, 2021, 10:36:44 PM
Gold has a long history in history. It is almost the same as the history of human civilization. It has gone through many historical tests, and people all over the world now recognize the value of circulating gold. Investing in gold has a clear profit. Although the profit is relatively slow, it faces less risk and is safer.
With the emergence and popularity of Bitcoin, more people are now aware of the benefits of Bitcoin and choose to invest in Bitcoin.
The number of bitcoins is constant, with a total of only 21 million, and will never be issued. From the perspective of scarcity, Bitcoin has a lot of room for appreciation in the future value.
Compared with gold, Bitcoin is more portable and easier to store. Save Bitcoin in the wallet and store the private key to make transactions and transfers on the Internet, and cross-border transactions are more convenient and faster.
With the emergence and popularity of Bitcoin, more people are now aware of the benefits of Bitcoin and choose to invest in Bitcoin.
The number of bitcoins is constant, with a total of only 21 million, and will never be issued. From the perspective of scarcity, Bitcoin has a lot of room for appreciation in the future value.
Compared with gold, Bitcoin is more portable and easier to store. Save Bitcoin in the wallet and store the private key to make transactions and transfers on the Internet, and cross-border transactions are more convenient and faster.
August 11, 2021, 08:21:38 PM
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.
Those guys who choose gold over bitcoins don't think about profit anymore they just wanted to keep the value of their assets as safe as possible. When people want to take the risks for their assets to grow, bitcoins are the right answer for that but of course with proper research and patience to hold it until the right price to sell it comes. Many people are still hard-headed that they won't take any risk to grow their money because they've worked hard for it but those who have some courage to do so, has already got some successful results.
August 11, 2021, 06:59:28 PM
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many people still have no knowledge about investing, on average it happens because they don't want to accept new things. Bitcoin is much more profitable than gold even though the price is volatile. gold is an investment for people who have a safe mind and old man, while Bitcoin is a promising investment that many people who have great minds buy.Common people always get into the risk free form of savings than risky investments. The market fluctuation has the potential to bring big profit as well as end into loss if we don't play good. This makes them choose gold over bitcoin even when they knew bitcoin has the potential to give big profit than gold.
August 11, 2021, 06:57:47 PM
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.
In the last few years, the growth rate of Bitcoin has been 100 times higher than that of Gold. So it doesn't work to compare Bitcoin with gold. Gold will never come close to the growth rate of Bitcoin.
Gold is for weak-hearted old people, New generation is always welcome to changes/revolution.
Just had to pick out certain things that you said. Here's the thing; you cannot really compare both assets. Bitcoin has been 1000 higher than gold. But understand that there's quite some risks too. Gold doesn't fluctuate like Bitcoin. In as much as Bitcoin can pump to as high as it can, it can also dump with such speed. So, don't make Bitcoin seem like the god here. They are both in the same category and have their pros and cons.
August 11, 2021, 06:52:01 PM
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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.
Everyone invests in gold because it is a safe heaven with less volatility but you cannot expect them to rally like we see in cryptocurrency. If you like taking risk and investing in Bitcoin, it is your choice but majority like to have a more stable asset they can trust during crisis situation especially during a war or during economic meltdown and you cannot predict what would be the state of cryptocurrency during those crisis phase. 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.
August 11, 2021, 06:35:11 PM
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many people still have no knowledge about investing, on average it happens because they don't want to accept new things. Bitcoin is much more profitable than gold even though the price is volatile. gold is an investment for people who have a safe mind and old man, while Bitcoin is a promising investment that many people who have great minds buy. 
August 11, 2021, 05:45:00 PM
Actually, both Gold and Bitcoin are my favorite investment.
When I have money and I can manage the two, why not?
I will not pick only one of them but both. For, Bitcoin is a very worthy investment with its high surprise every several years later.
And gold is also a worthy investment, this is also safer than Bitcoin.
Well, if we can take advantages of both gold and Bitcoin, it is no matter for me, not to compare each of them, but only by holding them in investment
When I have money and I can manage the two, why not?
I will not pick only one of them but both. For, Bitcoin is a very worthy investment with its high surprise every several years later.
And gold is also a worthy investment, this is also safer than Bitcoin.
Well, if we can take advantages of both gold and Bitcoin, it is no matter for me, not to compare each of them, but only by holding them in investment
August 11, 2021, 05:40:05 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
Bitcoin has repeatedly shown itself as an investment asset and a digital commodity that is far better than gold. but i believe there is many people are know this but also still closing themselves to crypto and bitcoin, and missed many opportunity . and the same thing will happen again in the future.
August 11, 2021, 05:33:08 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.
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.
No matter what source you look at the outcome is always the same - Bitcoin getting their investors more return than any other type of rare metal or commodity (see table below) source here.
Table 1: Price Comparison: Bitcoin, Ethereum, Gold, US Equities, Long-dated US Treasuries, US Dollar (% Change)
The fact that people who say that BTC is not a profitable long-term investment are those who clearly don't know much about investing to begin with as any
numerically inclined person would look at the data and see that crypto is providing opportunities beyond traditional markets. Yes, the risk is equally measured but
you can at least invest based on your risk level.
August 11, 2021, 03:34:10 PM
I can understand why people would invest in gold. Lets be honest here; Bitcoin is a young currency, and has a extremely volatile market, which is certainly not for the faint of heart. Gold has been used for decades upon decades as a store of value, and that reinforces the belief that its a safe investment, while Bitcoin starts the alarm bells ringing because its relatively young compared to any currency out there. Obviously, Bitcoin has some obvious benefits to investing into it, and that's not solely based on the fact that it has the potential to exponentially increase in price.
actually comparing crypto to physical assets is very useless. no matter how profitable a crypto coin is, there will always be a risk of dumping, missing, not being recognized, wallet hacking, etc. if you don't have the readiness to face that risk, it will be very risky, whatever crypto coins you hold.
while gold, has been legally recognized, exists in physical form, and is official. not wise to compare the two, each has advantages and disadvantages, I always remind that the risk in crypto is greater.
You largely have the same problems with any asset, including physical assets. Physical assets can be stolen, misplaced, and are subject to the potential of becoming less valuable. Gold is probably one of the best assets out there, but it isn't invulnerable from dropping in value. I think we'll see Gold drop more, and more once cryptocurrencies, in particular Bitcoin becomes more adopted by the general public. The world is moving to a digital world after all, in almost all aspects. while gold, has been legally recognized, exists in physical form, and is official. not wise to compare the two, each has advantages and disadvantages, I always remind that the risk in crypto is greater.
August 11, 2021, 03:16:57 PM
actually comparing crypto to physical assets is very useless. no matter how profitable a crypto coin is, there will always be a risk of dumping, missing, not being recognized, wallet hacking, etc. if you don't have the readiness to face that risk, it will be very risky, whatever crypto coins you hold.
while gold, has been legally recognized, exists in physical form, and is official. not wise to compare the two, each has advantages and disadvantages, I always remind that the risk in crypto is greater.
while gold, has been legally recognized, exists in physical form, and is official. not wise to compare the two, each has advantages and disadvantages, I always remind that the risk in crypto is greater.
August 11, 2021, 03:08:07 PM
Does it seem gold is working as a stable coin? cause when bull runs end normally we cryptocurrency holders convert our holdings into a stable coin, more likely USDT/BUSD/USDC.
If so then why do we need gold rather we can use any stable coin or fiat money cause that's are less fluctuated than Gold.
If so then why do we need gold rather we can use any stable coin or fiat money cause that's are less fluctuated than Gold.
Gold is better than the stable coins you've mentioned. Imho gold can be considered more stable than fiat and the stable coins, since fiat and the fiat-pegged stable coins are hit by inflation. So it's usually not the gold rising, it's the fiat falling, but the chart is no different.
August 11, 2021, 12:53:13 PM
It's quite surprising how people still consider gold a more profitable investment than Bitcoin.
Gold is not more profitable, but, at least in theory, it's safer since the daily price fluctuation is rather small.
Also, while we are now in the middle of bull run, clearly gold cannot match investments in bitcoin.. but the history tells that bitcoin bull run doesn't last forever. When the fiesta ends (temporarily) and price will go down, then gold can become a good place for storing wealth until a new bull run will start.
Does it seem gold is working as a stable coin? cause when bull runs end normally we cryptocurrency holders convert our holdings into a stable coin, more likely USDT/BUSD/USDC.
If so then why do we need gold rather we can use any stable coin or fiat money cause that's are less fluctuated than Gold.
The popularity of gold is caused for 10T market cap, that's doesn't matter, Bitcoin can surpass those market caps in a blink of an eye. Just stop people to spread out FUD.
August 11, 2021, 12:30:11 PM
I don't see a problem in picking up gold though. You need to understand one things first. Gold is not an investment! It is being used since ages for capital protection. Gold has other uses as well but let's just talk about its main use and that is capital protection. Also gold is extremely liquid which you can sell it at any point of time if you are in need of money. So there no way traditional people will choose bitcoin over gold. Because they prefer peace of mind.
In the other hand, bitcoin is for the aggressive investors who are willing to take risk in the market and also have a good amount of time in hand. That's why mostly millenials use bitcoin for investment. They can take risk and have longer period for investment.
So you see, not all investments are made for profit only! There are different goals for different types of investment. Let's just stop comparing cryptos with gold. It doesn't make sense!
In the other hand, bitcoin is for the aggressive investors who are willing to take risk in the market and also have a good amount of time in hand. That's why mostly millenials use bitcoin for investment. They can take risk and have longer period for investment.
So you see, not all investments are made for profit only! There are different goals for different types of investment. Let's just stop comparing cryptos with gold. It doesn't make sense!
But in terms of liquidation speed, availability, divisibility and mobility gold has zero chance to compete with Bitcoin. If you hold physical gold in your basement, you are by far inferiorly situated in terms of the aforementioned characteristics compared to holding Bitcoin. Now you could argue that nobody holds physical gold, but that is where the analogy of not your keys not your Bitcoin comes into play, and that would be not your physical gold not your gold.
There is no comparison itself. That's what I am trying to say here!
Usage of Gold - capital protection, making ornaments etc.
Usage of bitcoin - Currency, Investment
Where are finding similarities?
Bitcoin has given us excellent returns over the last few years. I am one of those people who were benefitted from bitcoin. But bitcoin and gold are not same! They shouldn't be compared at the first place!
August 11, 2021, 12:03:04 PM
Both gold and bitcoin are valuable but there are different advantage and disadvantages. Even if you invest in bitcoin, I think you also keep some gold in your house or wore in your body such jewelries, wristwatch, ect... Mostly old aged people are give more significance in gold but the new generation would prefer bitcoin over gold. Also people who don't know yet about bitcoin will surely invest invest in gold as a tangible asset but like us who knows bitcoin and how it works would love bitcoin because it can give us huge return even in a short period of time although it was very risky and volatile.
August 11, 2021, 11:13:50 AM
Of course bitcoin is a better investment option than Gold due to it's high returns but at the same time it's good to have a diversified portfolio.
I have learnt from this forum that we should never put all our eggs in the same basket.
While investing in bitcoin for long term will give huge returns, I think we can invest a little portion into Gold as well to diversify the portfolio.
In bitcoin, we can also find things that can be diversified, I mean altcoins, they can be called different affiliates of bitcoin and each place will have a customer base with different needs, a precise location will help bring more profit because a new regional roadmap is easier to develop than an old one with quite a lot of saturation points like bitcoin. Diversification for gold is also possible but it is a different market and influenced by many different cultures from different countries and sectors, exploiting the route with them will take a lot of time I have learnt from this forum that we should never put all our eggs in the same basket.
While investing in bitcoin for long term will give huge returns, I think we can invest a little portion into Gold as well to diversify the portfolio.
August 11, 2021, 11:07:36 AM
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.
Both are good, but if I personally had to choose, then Bitcoin would be the choice. As most people say gold is only a store of fixed value to avoid a time if the fiat owned is hit by big inflation. Of course, the higher the risk, the higher the profit if the price continues to increase, and vice versa with the risk of loss.
But what people out there who think Bitcoin's risk is bad don't realize that Bitcoin won't fall into the bottom hole. While the issue that circulates and is dismissed by influencers who don't like Bitcoin is that it often says destruction.
August 11, 2021, 10:36:41 AM
I am not really into gold and I never felt like owing one because I don't really dabble into whatsoever investment I don't have a take on, so for now, I can't pick gold over bitcoin very glaring decision.
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