Topic: Do you still have thoughts of picking Gold over Bitcoin, read this. - page 6. (Read 966 times)

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.

If we look at gold and Bitcoin price charts, it seems that gold is a good store of value. If you have wealth, and you simply want to keep it that way, gold is a good option because it normally doesn't crash (like the stock market can) and doesn't devaluate (like fiat does). After years, you end up with roughly the same amount of wealth, give or take. As for Bitcoin, you might end up with way more than you used to have (2x-5x more), but if the timing isn't right, your wealth can also decrease by 50%-80% easily. So Bitcoin's for investments, gold's for keeping what you already possess IMO.

do you still have thoughts of choosing gold over bitcoin,, in my opinion, i will choose both, because i know both have advantages and disadvantages of each, i still buy gold for my savings, because the risk of gold is low, and its profits even low, but I will buy bitcoin for my asset, even though the bitcoin price is falling now, but I will always be patient, to wait for the right time, to sell my bitcoin, to be able to profit in the future..

Maybe people are saying that because they're more familiar with gold rather than bitcoin, and moreover, gold is a tangible thing, meanwhile bitcoin is not. People might feel more safe if they have the thing in their hand, like investing in gold, they can see and have the real gold in them, but with bitcoin, they don't have the shape, only knowing that it exists. Gold also had become the choice of investment for years, and we can't deny it's quite profitable sometimes, although not as great as bitcoin. But yeah, people tend to play safer so they think gold is better than bitcoin, though it might necessarily be true.

The only comparison now between Gold and Bitcoin is how they are at different ends
of a spectrum. One is old school and has its decorative, technology and medical uses
and is antiquated in terms of investment, the other is a game changer in finance,
investment and technology.

In terms of individual personal aquisition they dont compare well, anyone can
own and hold Bitcoin, where do I buy $45,000 of Gold, How do I store it and where
can I spend it?

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.

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!

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.

They are right to worry that it's risky because it is risky, I accept that part, what I don't like is that they're branding it as a scam when in fact it's not a scam. I think most of these people are just old school so they have a hard time doing something like investing in cryptocurrency since they know that there's a bigger risk involve. Plus, bitcoin isn't for everyone, some just don't find it appealing to invest in.

The problem with such people is that many of are of the believe that what investment that doesn't have government backed up is seems to be a SCAM and too risky for them to invest their hard earned money. And they may prefer to leave their money in the bank in Gold form to avoid story that touch the heart. But they will realize that they are missing a great and life time opportunity it will be too late. I encourage whoever is reading this my submission and still in doubt about Bitcoin should have a rethink before is too late.

People are not ready with the high risk of the bitcoin investment so they still prefer to invest in gold. I think there is nothing wrong with that because people can select whatever they want to choose in the investment. Even if they already invest in bitcoin and still want to use gold as their investment, that will not be a problem. People out there still want to see what kind of their investment and they will feel good if they can touch and see the investment they use. It is like they invest in real estate. They can see and touch the house.

But personally, I will want to have bitcoin and gold at the same time. If the bitcoin price increases, I will sell some amount and buy some amount of gold and I will do the same thing as gold if the gold price increases.

Usability is recognized as one of the most important factors when investing, and gold and cryptocurrencies are considered choices in this category.
When I first came into contact with cryptocurrencies, I felt that the difficulty was more complicated than other investments, but compared with gold, cryptocurrencies are easier to obtain, with low thresholds and convenient transactions.
If you want to choose long-term investment, you have to worry about inflation. Both cryptocurrency and gold are tools against this risk. As a form of investment, cryptocurrency is not affected by inflation. On the other hand, it is not regulated by the government, and your investment will not be interfered by the government.
In terms of stability, the price of gold has been good for many years, usually after the price adjustment, the final price will be stable for a long time. Cryptocurrency is different from other investments. The market will be affected by some factors or news. The volatility of cryptocurrency is much higher than that of gold.
This means that if you want to invest in products with potential in the future, cryptocurrency may be the best choice. If you are just looking for an investment with stable price over time and low risk, then gold can be your choice.
However, cryptocurrencies are still very young now, and the future is unknown. Gold has existed for thousands of years and has some potential advantages.Whether to invest in gold or cryptocurrency is up to you.

I often hear Gold is not risky/Bitcoin is risky, actually the pros and cons of this are still an unsolved mystery for now, I actually think this is a shrimp behind a rock.

Fact: investing in Bitcoin yields huge returns. Price changes can change in an instant, gold takes a long time to make a profit, but gold is stable in the market.

There are several reasons Bitcoin investment is risky and gold is safer and Bitcoin investment is profitable, on the other hand, gold investment is slow to profit.
I've seen one source (in secret), who sells gold and buys nearly 800 Bitcoins in 2016, one year later they sell and buy 10 times more gold than base gold.

In that source I can conclude: some people lie that Bitcoin investment is risky, they themselves buy in large quantities to make big profits and buy gold from Bitcoin proceeds in large quantities and say gold investment is good, here it is clear that they are lying to other people, in fact the results that can be obtained to buy gold from Bitcoin proceeds and say otherwise, these kind of tricks and tactics, are common in today's crypto world, when people scare people into investing in crypto, people panic and sell, instead he himself took the opportunity to buy and while they were developing issues about investors, the biggest companies wanted to adopt/invest in Bitcoin, instead they take profit / sell, everyone thinks in the future the price of Bitcoin will skyrocket, so that ordinary people flock to buy in a certain amount, in fact: they are masters of tricks / tactics who profit and ordinary people bear the risk of loss.

gold is indeed a lot of investment because with gold investment the profits are clear and the risk faced is small, bitcoin investment profits are many, even many times, but people are afraid of investing in bitcoin because the risk that must be faced is large because the price of bitcoin is unstable.

Gold is the origin, the one that started it all and for a long time it was and still is a good investment because of how rare it is becoming, but the problem with gold is that it takes a long time for you to see any significant profit from it, especially if you don't have that much, but with bitcoin you get best of both worlds you are guaranteed to make profit and in a short period of time, and it is only going to get more profitable as the supply is getting smaller.

It will not feel strange that more people will choose gold, because human nature is like this, because opportunities will only be discovered by a few people.
But what surprises me is that Bitcoin has been 10 years old, and it has risen hundreds of thousands of times. These people look at it and wait and still don’t believe it. Is it because it has not been regulated by the government to the scope of mainstream finance? I don't think it is. I think education has not been done. For example, there is no place where I specialize in learning Bitcoin. Even this forum can only be found by interested people.

You are right that the bigger risks are the bigger your potential profit is. Of course, Bitcoin is much more profitable than gold. People who are not familiar with blockchain technologies think that it is a deception because they know a lot of stories about when people lose a lot in the crypto market. But if you do careful research before investing and don’t trade on emotions you will get profit.

Bitcoin wasn't on the map in 2011(it wasn't popular at all),so all the investors back then were putting their money into the one and only safe heaven-gold.I remember that many investors were buying other precious metals and various commodities like silver,platinum,aluminum,oil,copper,etc.,so their prices were pumped.
Nowadays,the investors have an alternative-Bitcoin.
I keep thinking that the gold price is manipulated by the Federal Reserve and gold is actually way more valuable than we think.Anyway,gold can't outperform Bitcoin in terms of risk/reward ratio.
This might sound like a stupid comparison but I think that gold is more like government bonds-low profits but a stable price and Bitcoin is more like stocks-big profits and not so stable price

The thing about gold is that it is another stand alone asset that people who are looking for investment can use it to diversify. And bitcoin is the most stand-alone "asset" that has ever existed since it doesn't follow anything at all. So having both (not just one and not the other) is a very good choice in my opinion.

In my opinion, there are two different groups of people who invest in gold and bitcoin. Gold is the reserve asset of the old age, while Bitcoin is the reserve asset of the new age. As a currency or asset, gold has a history of thousands of years and has a broad global consensus. Therefore, gold is often considered a safe-haven asset. When there is a black swan incident, many senior investors give priority to investing in gold to avoid losses in their assets. But when Bitcoin was born, Bitcoin slowly replaced gold in many areas. This is why many people call Bitcoin digital gold. Bitcoin has only a short history of 12 years, and it is still in a very early and rapid development period. Bitcoin's market value still has a lot of room for growth. In my opinion, in a few decades, when the market value of Bitcoin is large enough, the price fluctuation of Bitcoin will gradually become very small.