Topic: Gold gaining less attention to bitcoin - page 2. (Read 679 times)

Isn't the price of gold accustomed to going up and down and isn't it a common thing to happen, so what's wrong if we buy it and that this is a good thing to do as an investor or a general person, because this is certainly very profitable for everyone who likes to invest in gold with the decline in gold prices in all global markets.

Yes, of course the US election will certainly have an impact on the price of BTC because of course if Kamala wins, it will have the potential to make it difficult for BTC to reach its current price ($97k) but fortunately Trump won, and in the end Trump's victory made BTC soar in price. and of course the increase in BTC is difficult to stop.

but yes, currently gold is not getting enough attention at the moment because yes, the reason is because of Trump, because he is the one who supports BTC so that in the end the public will of course have the potential to buy BTC and it could make the public have more confidence in BTC because yes, so far according to my research, gold is of course It's just a hedge against inflation, but BTC is of course very different from gold because of course by investing in BTC you can potentially gain profits which are certainly different from gold. Yes, basically, in my opinion, the reason is because of profits because of course the profits obtained from investing in BTC are of course different from the profits from investing in gold.

Of course there are many reasons why new investors are now buying, of course in my opinion because BTC is a high risk asset because of course many people don't believe in the potential of BTC in the future, but yes, currently there are certainly many people who don't hesitate to buy BTC. but because of Trump now people are starting to realize and think that BTC never disappoints long-term holders because the price continues to rise from time to time.

A portion - yeah.
Most of it - never.
I do agree with such a line of thought because things are done differently on an institutional scale - by reliable and tested methods.

Gold - for instability.
BTC - for the stability times.
It will stay that way for a while and won't change for investors and oldies especially. At least that's how I feel about it.

Gold is facing a 3% drop, and this dip in gold is all linked to the strengthening of US dollar and rising bond yields that are making it less attractive in the short run. While Bitcoin's rally reflects optimism about Trump's potential crypto friendly stance, it shows that Bitcoin is speculative in nature and highly volatile compared to gold, a more classic protection against long term inflation.

Despite the hype, claims of investors fully abandoning gold in favor of Bitcoin are exaggerated. I think most investors in this market are would likely diversifying their portfolios rather than abandoning gold completely. Regulatory uncertainty in the US makes the likelihood of Bitcoin becoming legal tender anytime soon fairly low. While Bitcoin may offer quicker returns, its risks are higher, this is not a simple matter of one asset outperforming another, but of different strategies for different risk appetites.

Overall I would say that Bitcoin is definitely appear as better investment after Trump winning the election, but gold is still an option for diversification.

Because this investors heard trump saying something about making US the biggest Bitcoin reserve in the future. For a country like US making Bitcoin a legal tender isn't going to be just easy especially for a currency they cannot really have full control over because it's decentralized meanwhile US will love to be in charge so they don't get any form of threat from that end as sometimes it's been alleged that cryptocurrencies has been used for terrorism financing so it will take a whole lot to get that in place but the value of both Bitcoin and Gold will stabilize at something point.

Gold has always been a profitable long-term investment, but it is too far compared to Bitcoin. That’s why many gold holders now feel it was a smart move to sell and seize the new opportunities bitcoin brings. We could even say that since Trump’s win, the entire market has changed. There’s uncertainty, but we can’t deny the fact that his influence boosts support for cryptocurrency, which has a huge impact on the market condition. This momentum strengthens bitcoin’s adoption and drives up its prices, creating even more potential for investors.

But when it comes to legal tender, we’re not quite there yet; it’s not just up to the president—it’s also in the voice of the people to decide.

It is never possible because the amount of gold that is in American reserves is not even in developed countries of the world. No matter how much the Bitcoin market grows, America will never sell gold from its reserves and replace that gold with Bitcoin reserves. No matter how much of a Bitcoin lover Donald Trump is, Donald Trump would never want the American Reserve to sell gold and hold Bitcoin holdings.

Gold is a really strong asset that the rich will always, I repeat always, be ready to buy from the poor. After all, a rich person has everything, and he will be happy with gold trinkets. But there is one thing. Gold is not practical - it is difficult to pay with it, because you cannot separate a part of it, it is easy to steal from an individual. But Bitcoin, although you cannot hold it in your hands, can be used to pay anywhere in the world, it is easy to store, and it can multiply itself! Therefore, it is possible that the meaning of gold will be reconsidered from a practical point of view.

I believe the thing with gold going down was very temporary. Gold is a strong and reliable asset, with a very long history. It's not going to outperform Bitcoin in the long run, but it will likely remain a safe bet for those looking to preserve and slightly increase their wealth. Bitcoin is just experiencing a particularly good time, but others are right to warn of a bear market, during which Bitcoin can easily lose over half of its value. Gold, on the other hand, is likely to remain strong, climbing gradually up, albeit very slowly.

You have a point here. Bitcoin is decentralised unlike gold that is centralised. Long time ago Gold used to be a regular precious metal that was relatively easy to acquire compared to now. The thing is as time passed gold gradually got centralised by the government and higher up by gradually controlling it's supply with demand increasing too. The idea is it wouldn't be very difficult for the government to adjust the price of gold besides gold too is quite volatile as those trading it in Forex metals will understand that fact.

For the government to alter the price of gold they'll just have to limit it's supply and currently with it's high demand today, price will definitely increased based on the concept of simple economics.

Gold might have less attention than bitcoin but if you look at it when it comes to the one respected the more will not be more than gold and gold have been used as money for a very long time because if you look at it the in past centuries gold have been their so gold will be given more acknowledgment than bitcoin and bitcoin is just 16 years hold compare to gold thay have been their for ages, their are more factors that made bitcoin to have more recognition than gold its digital and comes with more features compared to gold even if they have digital gold.

And the way thing are going if they should keep bitcoin and gold which do you think people will go for it will definitely be bitcoin because even the rise in value of this two can not be compared when bull run starts which we are currently experiencing you should understand what am talking about, their is always a rapid increase in price so their is more to bitcoin than gold its bitcoins time.

Can you provide data to prove this? Because according to the news I just read, the price of gold suddenly increased again due to concerns that the conflict between Ukraine and Russia increase. This shows that the demand for gold has never decreased and will always increase if the world is unstable.

Yes, bitcoin is so new and small cap that it will definitely outperform gold in terms of returns. But small caps often come with high volatility and not everyone likes high volatility as much as we do. Many big investors prefer safety over volatility, only most small investors prefer volatility because it makes it easy for them to make big profits from small capital.


Honestly, I'm not optimistic about this and I can't think of any reason why the government would do so.

Gold is included in the assets that are bought when everything is bad in the world. Now everything is not so bad, and we see that Bitcoin is updating its new highs in price. This means that people are not trading with their last money, but are ready to invest in high-risk assets, such as altcoins. And I think that cryptocurrencies in general do not believe in gold, because we will all earn faster in cryptocurrencies, there are dozens of ways to do this. And gold, for example, in my country is sold with an incredible spread, which makes its short-term purchase an unprofitable investment.

That's just the exaggeration and bias of a bitcoin investor, LOL. How can a highly volatile and speculative asset be safer than one that has been around for thousands of years and is recognized worldwide? The higher the return, the greater the risk and Bitcoin is no exception. We should be realistic and fair instead of exaggerating because that doesn't change the fact that bitcoin can give better returns but is not safer than gold.


As far as I know, the US has never sold its gold reserves in the last 100 years and they are even planning to buy more. So the scenario where they sell gold to buy bitcoin and replace it into national reserves is not going to happen, you are right.

Bitcoin is quite speculative so there are many people who may still be very hesitant to buy it. But over time bitcoin has gained a much bigger place in terms of adoption so that now bitcoin is much more developed.

For most countries I still doubt that bitcoin will become legal tender because every country has an official currency that is regulated in the law so to make bitcoin a legal tender will require a revision of the law that needs to be approved by parliament.

But gold is much more stable and most people still believe in gold as a much safer investment. I am not so sure after he is inaugurated gold will not be profitable because this has been going on for a long time and gold is still the best choice for most people.

They do not propose removing gold from reserves and using bitcoin to replace gold. Senator Lummis has proposed selling 10% of gold reserves to buy 1 million bitcoins equivalent to 5% of the bitcoin supply to diversify the national reserves. And we should be realistic that this is just a senator's proposal and we need to wait and see how it plays out, it's still too early to say that it will become a reality because it needs to be passed by Congress before it can be approved by Trump.

To be fair, gold will hold the top spot when it comes to safe havens and no other asset can replace it, not even bitcoin. Bitcoin is still a highly volatile investment and as long as it remains highly volatile don't expect it to replace gold. Gold may yield higher returns than gold but it cannot replace gold as a safe haven and governments need a safe haven rather than a speculative asset.

i strongly disagree. imo, it's the opposite, gold is a less risky investment with a long track record, established markets and use cases, etc...
bitcoin, on the other hand, is relatively new and more speculative, it does offer higher profitability but it also comes with higher risk.


we all know that's never going to happen. at best, they might create a bitcoin reserve funded by selling some of the gold, but getting rid of the gold reserve would be pure stupidity.

Bitcoin is definitely give quick return then gold but Bitcoin is highly volatile digital coin so there are also high risk when you invest on Bitcoin. Gold price increase slowly but price do not decrease too much it can be maximum of 10% but Bitcoin price decrease very quickly as price increase. we seen past history of bitcoin. after make a ATH Bitcoin price decrease up to 60-70% so i didn't thik it is good idea to sell gold and then that money invest on Bitcoin. anyone can invest on Bitcoin as much as they are afford to invest for long term and also loss

Investing in bitcoin is several times more profitable and less risky than investing in gold, which is why selling gold and holding bitcoins is the current trend. At present the price of Bitcoin has received the most attention due to which other investors are more inclined to invest in Bitcoin. But I think that the most success is achieved by holding Bitcoin alone, those who invested in Bitcoin at the beginning of October have made several times more than the current investment.