Gold gaining less attention to bitcoin - page 3.

2Pizza410000BTC

sr. member

Activity: 602

Merit: 317

WOLFBET.COM - Exclusive VIP Rewards

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.

I will not deny that gold investment is not a profitable investment but gold investment is not profitable to bitcoin. We can see how Bitcoin has been rising for the past few months but the price of gold has never risen like this so every Bitcoin investor is now in a very profitable position. I have gold investments and bitcoin investments but if I had invested in bitcoins instead of gold I could have bought twice as much gold today with that bitcoin profit. I would definitely vote for bitcoin investment if there was a voting system.

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

Well, I don't speak for anyone who owns gold, just jewelry, but the return in BTC compared to Gold is definitely faster. The volatility of gains is somewhat attracting people, and that's why there are people who are shifting their assets to BTC.

Maybe it could be a different perspective for the person as well. Seeing BTC as mainstream might have changed it to the value that it has and not just some "digital money."

For me the best thing about BTC is that its a hedge against inflation. Having a fixed supply really is a game changer, in my opinion. It's not that we will reach it, but knowing is essential.

Cookdata

hero member

Activity: 1106

Merit: 912

Not Your Keys, Not Your Bitcoin

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.

How old is Bitcoin and how Old is Gold? That's the question. Bitcoin is less than a 2 decade old and Gold is many times decades years back as I can remember. The thing is every market has its time, Bitcoin isn't Gold and Gold isn't Bitcoin, they are two separate entities both looking for expansion, while Gold is regulated Bitcoin isn't and it's decentralize. If Gold is to be what Bitcoin is today, it will be bigger than where it's right now but it has been all about centralization.

I am happy that Bitcoin is flying in colour's, the price is making everyone happy and looking what lies ahead of this new coming government but I'm already seeing skme red flags. Russia is trying to make regulations around taxes to be 15% and I'm sure more people will roll out more of this. Government are very smart, it's when Bitcoin is doing well you will see them making some moves just to eat from where they never sow.

Tyr808

sr. member

Activity: 607

Merit: 278

06/19/11 17:51 Bought BTC 259684.77 for 0.0101

With an US senator proposing getting rid of gold reserves to replace them with bitcoin, will be interestkng to see what Trump does

HelliumZ

sr. member

Activity: 546

Merit: 268

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.

Yes it is true that bitcoin is gaining more popularity than gold especially few days ago bitcoin was below 60 thousand dollar but after Donald Trump win bitcoin is jumping above 93 thousand dollar where nothing in the world can give so much profit so fast. However, investors who invested in gold may be selling gold and investing in bitcoin because of the high profits in bitcoin. Many gold investors have already shifted to Bitcoin. Be that as it may, because it is not possible to get the same amount of profit from investing in Bitcoin as from investing in gold.

m2017

legendary

Activity: 1792

Merit: 1296

Playbet.io - Crypto Casino and Sportsbook

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.

You are misinterpreting what is happening. It is not gold that has underperformed bitcoin, but bitcoin that has outperformed gold.

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

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

Where did you get this information?

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

Bitcoin would give quick returns than Golden?

Gold has never been about making a quick profit. Gold is not something that makes a profit at all, but a way to store value, in a way, to freeze value.

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

Then why didn't they invested earlier?

Why? Because they are ~~idiots~~ non-believers (in BTC)!

They waited for the hype to start so they could buy at exorbitant prices.

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

Bitcoin could soon become a legal tender?

Come on, seriously? Do you expect this?

I'll tell you that no government will allow this. Not even the one that feigned loyalty to the bitcoin during the elections.

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 has never been more profitable than the bitcoin and no sworn will change that.

Jawhead999

legendary

Activity: 1862

Merit: 1209

It's normal, gold is accepted everywhere and we know it has a value, unlike Bitcoin which was invented 16 years ago and not all countries are accept Bitcoin. Bitcoin also outperform gold and other assets, which make people are interested with Bitcoin.

Bitcoin is the hottest investment in the current generation regardless it's on bear or bull season.

xvacator

jr. member

Activity: 347

Merit: 4

That is because the chance of Bitcoin gives them more profit attract them to buy more Bitcoin. Gold still stable with the price while Bitcoin price increases so that is their reason to invest in Bitcoin. They are late to invest in Bitcoin in the early because they don't believe that Bitcoin can be like today. They underestimate the power of Bitcoin so they don't choose Bitcoin as their investment. But the situation is change now and makes them to raise their money to invest in Bitcoin

hugeblack

legendary

Activity: 2744

Merit: 4065

I don't know, but one of the strongest reasons will be the return on investment. There are expectations that the price of gold will be around $3,000 in 2025, based on the current price of around $2,600, with Trump's promises to reduce geopolitical tensions, high-risk investments will witness a revival against gold.

GreatArkansas

legendary

Activity: 2548

Merit: 1397

I do not really think it's because of Donald Trump at first for sure. There are a lot of things to consider about Bitcoin and not that some political thoughts.

The best example is how volatile and ROI Bitcoin has, in the safest explanation = high risk, high reward.

avikz

legendary

Activity: 3080

Merit: 1500

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.

Right now whoever is buying Bitcoin is a victim of FOMO. When the bear season hits, these are the people who are going to cry out loud and spread misinformation about Bitcoin. We have seen this trend during every bear season. So Bitcoin is a super volatile asset.

Gold is very different. The volatility of gold is much less compared to many other assets. So people who likes to avoid risks, usually invests in Gold.

I don't think it's correct to compare these two assets at all! These assets cater to different types of investors.

Yaunfitda

hero member

Activity: 2870

Merit: 594

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.

I don't know if gold price is going down, because the last time I check very expensive. I have a friend of mine who bought a gold bracelet and it's less that 10 grams but still very very expensive. For me we shouldn't compare the two, I mean there are old and traditional investors who what we term "gold bug", and so they just invest on gold and nothing more, same with Bitcoin as well. I do not think that Bitcoin will soon become a legal tender even though that Trump won the US election. Again, it depends on how you look at it, Bitcoin is more of a digital gold and so it might be very hard for gold investors to understand that.

Zlantann

legendary

Activity: 1064

Merit: 1101

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

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

A report or statistics about people ditching gold for Bitcoin would have helped to give this claim a good foundation. I am only aware of Trump's ally Republican Senator Cynthia Lummis who suggested that the US sell some if it's Federal Reserve’s gold and create a Bitcoin reserve.

Quote

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.

It is common for people to be attracted to Bitcoin when the price is appreciating. The bull season usually gets lot of attention from investors. Some people will only invest in an asset that has government backing, so Trump's endorsement has made some of these doubters to begin to change thier perception.

I don't see Bitcoin becoming a legal tender anytime soon in the US. Trump will always promote the dollar and ensure it maintains is dominance.

Bitcoin will definitely be more profitable than gold of Trump make it a reserve asset.

fikrett

copper member

Activity: 126

Merit: 6

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: 196

Merit: 6

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: 280

Merit: 5

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: 896

Merit: 654

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.

Topic: Gold gaining less attention to bitcoin - page 3. (Read 679 times)