Gold gaining less attention to bitcoin - page 2.

fikrett

jr. member

Activity: 70

Merit: 1

Quote from: CryptoBuds on November 18, 2024, 11:25:15 PM

Quote from: Perfectbaby on November 18, 2024, 05:49:51 PM

It is no longer new thing that Trump victory has caused major stir up within the market, such as gold losing over to bitcoin.
Lot of investors are in one way selling their gold to secure some portion of bitcoin.

They sell gold to invest in bitcoin not because they are bored with gold, not because gold is no longer attractive, but because this is the investment strategy that brings the best profits. During a recession, the demand for gold will increase sharply because it is the safest asset and the best hedge against inflation today, so investors will turn to gold whenever there is a crisis or recession. During times of economic stability, risk assets like bitcoin and stocks will be the choice of investors as they have better growth rates. But I bet when inflation or recession happens they will sell bitcoin and high risk assets and go back to gold.

This is just an investment strategy, don't think bitcoin can overshadow gold because each has its own advantages and best use cases in each stage of the economy.

I totally upvote this - the institutions have reliable methods of how and when to use both gold and BTC - so why bother to do things differently?
It won't change any time soon, because this is really how it is. Each one of them (BTC and gold) is used at different times.

FortuneFollower

copper member

Activity: 168

Merit: 4

Quote from: SamReomo on November 18, 2024, 11:24:39 PM

Quote from: Perfectbaby on November 18, 2024, 05:49:51 PM

Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?

Well, without any doubt. Wink

Bitcoin has proven itself as more profitable for investors throughout those years than gold and there's no doubt if someone invests in Bitcoin then that person will get quicker and higher profits then the ones who invest in gold. The ones who haven't invested in it earlier were skeptical and now they're investing due to FOMO.

Now they know and they will be wiser next time.
Or it will be their loss indeed if they don't learn what happened during this cycle.

betswift

copper member

Activity: 56

Merit: 1

Quote from: Poker Player on November 18, 2024, 11:27:43 PM

I believe that gold still has a future, albeit a less bright one than bitcoin. In fact, just look at the difference in returns of the one and the other. I have a little bit of gold investment and much more bitcoin, simply as a small diversification. Even if bitcoin ends up taking over, physical gold will continue to have uses in jewelry and industry, so it's not like digital maps that have made paper maps disappear. But in a century in which everything has gone digital and the most profitable businesses are digital, it is clear to me that between bitcoin and gold the champion will continue to be bitcoin.

BTC will have just more use cases to it and more value in it as time goes on.
Of course, when there is instability in the world - the gold will be seen for most of the big entities as the thing to grab - not BTC.
So it's to debate how it will be split between the real gold and the digital gold of sorts, which is our favorite first coin on any cap list, the one and only.

?

Activity: -

Merit: -

Quote from: EarnOnVictor on November 19, 2024, 02:51:56 AM

No controversy here, if it is about investing your money, Bitcoin has always outperformed Gold, but if it is trading, then Gold will always outperform Bitcoin, the way Gold is structured will always be an issue for it despite having multiples of Bictoin's market cap. I'm done comparing the two quality assets and anyone can believe whatever they want even as I invest and trade the two to diversity and maximise my earnings in the financial market.

Yeah, nobody forbids you to do both, but BTC is just built differently - and that's totally okay, the volatility is a crazy thing Roll Eyes

BTC will become the new digital gold (and already is, albeit some still question that), and gold will accompany it in the place where it is now.

EarnOnVictor

hero member

Activity: 826

Merit: 641

Leading Crypto Sports Betting & Casino Platform

No controversy here, if it is about investing your money, Bitcoin has always outperformed Gold, but if it is trading, then Gold will always outperform Bitcoin, the way Gold is structured will always be an issue for it despite having multiples of Bictoin's market cap. I'm done comparing the two quality assets and anyone can believe whatever they want even as I invest and trade the two to diversity and maximise my earnings in the financial market.

Poker Player

legendary

Activity: 1372

Merit: 2017

I believe that gold still has a future, albeit a less bright one than bitcoin. In fact, just look at the difference in returns of the one and the other. I have a little bit of gold investment and much more bitcoin, simply as a small diversification. Even if bitcoin ends up taking over, physical gold will continue to have uses in jewelry and industry, so it's not like digital maps that have made paper maps disappear. But in a century in which everything has gone digital and the most profitable businesses are digital, it is clear to me that between bitcoin and gold the champion will continue to be bitcoin.

CryptoBuds

legendary

Activity: 2100

Merit: 1042

HODL

Quote from: Perfectbaby on November 18, 2024, 05:49:51 PM

It is no longer new thing that Trump victory has caused major stir up within the market, such as gold losing over to bitcoin.
Lot of investors are in one way selling their gold to secure some portion of bitcoin.

They sell gold to invest in bitcoin not because they are bored with gold, not because gold is no longer attractive, but because this is the investment strategy that brings the best profits. During a recession, the demand for gold will increase sharply because it is the safest asset and the best hedge against inflation today, so investors will turn to gold whenever there is a crisis or recession. During times of economic stability, risk assets like bitcoin and stocks will be the choice of investors as they have better growth rates. But I bet when inflation or recession happens they will sell bitcoin and high risk assets and go back to gold.

This is just an investment strategy, don't think bitcoin can overshadow gold because each has its own advantages and best use cases in each stage of the economy.

SamReomo

hero member

Activity: 784

Merit: 672

Top Crypto Casino

Quote from: Perfectbaby on November 18, 2024, 05:49:51 PM

Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?

Well, without any doubt. Wink

Bitcoin has proven itself as more profitable for investors throughout those years than gold and there's no doubt if someone invests in Bitcoin then that person will get quicker and higher profits then the ones who invest in gold. The ones who haven't invested in it earlier were skeptical and now they're investing due to FOMO.

_act_

legendary

Activity: 1064

Merit: 1298

Lightning network is good with small amount of BTC

Quote from: teddybear on November 18, 2024, 10:00:01 PM

Quote from: Perfectbaby on November 18, 2024, 05:49:51 PM

~snip~
Gold won't be as profitable as Bitcoin immediately he is sworn in as president?

Let's discuss to share opinions.

Might be short term but if there's one asset that one would secure their future, that's gold and then comes cryptocurrencies as an alternate, specifically Bitcoin. I see that you are taking it in terms of investment opportunity but it doesn't change the fact that Gold is the most stably growing in that regard.

Bitcoin is the alternative, but do not go for just other cryptocurrencies (altcoins) except you know what you are doing which is short term investment. You can see how they are getting dumped and not getting to ATH. I mean other cryptocurrencies. The best coin you can go for is bitcoin.

Also I do not see bitcoin as alternative to gold. Gold is not easy to buy. You can easily buy bitcoin at your comfort from your home.

Text

hero member

Activity: 2464

Merit: 594

Bitcoin’s volatility and rapid price movements make it attractive for investors looking for quick, high returns. While gold tends to be a stable, long-term store of value, Bitcoin has shown the ability to skyrocket in value in relatively short periods. Many investors see this potential for higher returns, especially with Bitcoin’s increased institutional adoption.

Timing the market is notoriously difficult. Many people only jump in when they see momentum building, and now that Bitcoin is more mainstream, it feels like a safer bet to some. But there's always the risk that it could be too late for some to benefit from the kind of growth others saw earlier.

teddybear

full member

Activity: 310

Merit: 100

Quote from: Perfectbaby on November 18, 2024, 05:49:51 PM

~snip~
Gold won't be as profitable as Bitcoin immediately he is sworn in as president?

Let's discuss to share opinions.

Might be short term but if there's one asset that one would secure their future, that's gold and then comes cryptocurrencies as an alternate, specifically Bitcoin. I see that you are taking it in terms of investment opportunity but it doesn't change the fact that Gold is the most stably growing in that regard.

Darker45

legendary

Activity: 2576

Merit: 1860

Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?

You mentioned Trump, right? It's just during the recent campaign that the once anti-Bitcoin Trump started making Bitcoin-friendly pronouncements. And he just won.

Earlier, there wasn't a Trump saying "Never sell your Bitcoin", "On day one, I will fire Gary Gensler", "We want all the remaining Bitcoin to be made in the USA", and so on.

And, earlier, Trump was just a candidate.

Bitcoin could soon become a legal tender?

In the US, no. And I don't think Bitcoin investors are buying Bitcoin because it will soon become a legal tender in the US under the Trump administration. That's far from happening. Trump didn't even mention that. That's not part of the plan.

It's enough for investors to have heard what Trump has said as regards Bitcoin, and that he turned out victorious, for them to invest heavily in Bitcoin. The future is bright. That Bitcoin will thrive and its adoption grows exponentially are becoming more certain now when the president of the most powerful country in the world is pro-Bitcoin.

Gold won't be as profitable as Bitcoin immediately he is sworn in as president?

Gold has never been more profitable than Bitcoin. But the point is that investors are never more assured of Bitcoin than now when the president of the USA is Bitcoin's ally.

hd49728

legendary

Activity: 2044

Merit: 1018

Not your keys, not your coins!

Quote from: Perfectbaby on November 18, 2024, 05:49:51 PM

Then why didn't they invested earlier?

Because they didn't know about Bitcoin earlier or they knew about Bitcoin but ignored it. In bull run, with more news about Bitcoin, and impressive growth of Bitcoin in price, they turn to be interested in and join the party.

Retail investors are joining.

Quote

Bitcoin could soon become a legal tender?

Bitcoin is already legal tender in two countries. Practically in El Salvador and theoretically in Central African Republic.
https://coinmarketcap.com/legal-tender-countries/

kotajikikox

full member

Activity: 2548

Merit: 217

Quote from: Perfectbaby on November 18, 2024, 05:49:51 PM

Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?

They’re both profitable but if we look at how the two are performing currently it makes sense why bitcoin is the preferred one. I am guessing that many people didn’t believe in bitcoin back then but suddenly they want in on it now that it’s being valued greatly and consequently they need to have funds to buy bitcoin so they sell their other assets.

Quote

Bitcoin could soon become a legal tender?

It already is in El Salvador. But in the US? Hard to assume for sure because as far as I know, that’s not part of Trump’s plan from his campaign speeches. All he wants is to make bitcoin their national reserve.

avp2306

sr. member

Activity: 1022

Merit: 363

Quote from: Perfectbaby on November 18, 2024, 05:49:51 PM

It is no longer new thing that Trump victory has caused major stir up within the market, such as gold losing over to bitcoin.
Lot of investors are in one way selling their gold to secure some portion of bitcoin.

What do you think could be their reasons;

Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?
Bitcoin could soon become a legal tender?
Gold won't be as profitable as Bitcoin immediately he is sworn in as president?

Let's discuss to share opinions.

You maybe just got delighted by news about the bull run happen with bitcoin and you didn't get much information about latest happening on gold.

We can really see some amazing movements happen with BTC but it doesn't mean it has been left out by bitcoin. Gold still relevant into discussion since this remain the top asset choice by majority of investor.

You can monitor the movement of gold here https://goldprice.org/ and see that this asset still doing good.

Quote from: Perfectbaby on November 18, 2024, 05:49:51 PM

Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?

Don't look for quick return on Bitcoin since it will burn you. Every investment decision need proper study that's why some people not taking any rush decision.

Quote from: Perfectbaby on November 18, 2024, 05:49:51 PM

Bitcoin could soon become a legal tender?

There's always possibilities that bitcoin would became a legal tender in any country if there's more good innovation happen to it, also the government will truly adapt on new financial system.

Quote from: Perfectbaby on November 18, 2024, 05:49:51 PM

Gold won't be as profitable as Bitcoin immediately he is sworn in as president?

Gold will still a relevant asset and continue to provide profit for investors. I don't compare it to bitcoin since they are different and I have both of this asset.

_act_

legendary

Activity: 1064

Merit: 1298

Lightning network is good with small amount of BTC

Quote from: Perfectbaby on November 18, 2024, 05:49:51 PM

It is no longer new thing that Trump victory has caused major stir up within the market, such as gold losing over to bitcoin.

Lot of investors are in one way selling their gold to secure some portion of bitcoin.

Gold price has start to increase back.

Quote from: Perfectbaby on November 18, 2024, 05:49:51 PM

Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?

I do not know if what you said is true but gold actually fall when Trump won while bitcoin increased but Trump as the winner does not mean it caused it. Gold is still high in price if compared to previous months, its price really increased this year and got to ATH also several times.

Quote from: Perfectbaby on November 18, 2024, 05:49:51 PM

Bitcoin could soon become a legal tender?

Bitcoin is a legal tender in El Salvador. You mean in US? I do not think so. They will prefer only their dollar to be the legal tender.

Quote from: Perfectbaby on November 18, 2024, 05:49:51 PM

Gold won't be as profitable as Bitcoin immediately he is sworn in as president?

Gold was never profitable than bitcoin ever since bitcoin was created.

Perfectbaby

full member

Activity: 162

Merit: 104

It is no longer new thing that Trump victory has caused major stir up within the market, such as gold losing over to bitcoin.
Lot of investors are in one way selling their gold to secure some portion of bitcoin.

What do you think could be their reasons;

Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?
Bitcoin could soon become a legal tender?
Gold won't be as profitable as Bitcoin immediately he is sworn in as president?

Let's discuss to share opinions.

Topic: Gold gaining less attention to bitcoin - page 2. (Read 274 times)