Topic: Gold vs Btc (Read 821 times)

IMO proper research and followup should come before trust trust in this way is  somehow  in correspondence  to patience .
For trust to be shown then you must be patient with what  you are holding.
Coming to Altcoins, they are quite attractive  but sometimes might be  a trap but how do you know    this why I don't trust altcoins

We do need trust or belief in what we invest in. The asset can be Bitcoin, altcoin or gold but we need to trust that asset before spending money. If our trust or belief comes from due diligent research and knowledge, we are intelligent investors. If trust or belief comes from words of mouth without research and knowledge, we are not intelligent investors.

Altcoins can help us to get profit but the risk with altcoins is we hardly to secure profit. They mostly have short lifespans, not like Bitcoin and they mostly fail to recover after one bear market.

You're actually talking about trust ? I guess you're referring to cryptocurrency not bitcoin cause people who invested on some random coin never had the chance to make profit but bitcoin investment works different. Well, this is your choice but it would have been more better if you made your choice without mentioning bitcoin when you have no idea about the price volatility. I guess comparing a stable price with fluctuating price, people will have to choose a stable price. The reason why people choose bitcoin as an investment choice is the volatility nature of bitcoin and besides you need to understand how the market works before investing so I will not blame anyone who keep talking about price fluctuation.

If we are just going to compare graphs we can clearly see how Bitcoin is going to overpower Gold when it comes to its value whatsoever, I mean to be fair Bitcoin is still a risky investment and has a volatile market price that we don't really see on Gold, there are some movement on Gold for sure but it wasn't as volatile compared to Cryptocurrency and Bitcoin. Most of us for sure is going to prefer Bitcoin since we already have knowledge about Bitcoin, we know its capability and what it can do, Most of the oldies probably are going to prefer Gold as an investment, I'm just saying that most of them don't have any idea on Bitcoin and that means that they will stick to the investments that they know already has a proof-like investing in Gold evidently increase its market price through out the year.

For me, the main problem with Gold is its supply we surely know Gold is in demand in a lot of industries but we just don't know its supply because we still do not know how much Gold is out there, even though it is very difficult to get it takes so much time and energy to harvest this Gold, maybe there are a lot of tons of Gold out there that maybe could overpower the demand.

Different story on Bitcoin because it has a fixed supply of 21 Million not to mention that the mining process is slowing down every year, we know exactly how many Bitcoins are going to exist. Bitcoin was surely designed with similarities to gold, It is being mined as well, has a low supply, etc. which is probably why a lot of people are calling it digital gold.

I would still invest in both assets but probably not going to be a lot when it comes to Gold, but its great to have multiple investments to be safe, because Bitcoin could drop its market price at any moment gold is on the safer side. You could just never go wrong with diversifying your funds.

Gold can work as a good store of value in countries with high inflation (almost all countries in the world in the last couple of years...) and lacks the volatility of Bitcoin.

If we go for the potential profit, then some connoisseurs say that silver might be a good investment, but not gold. What is a fact is that, in retrospective, Peter Schiff wasn't right. Let's hope the same for the future.

If you are not for the volatility, gold should be your choice. But if you are up with volatility and you like more the Bitcoin market and its instability in terms of value, you'd even like it more as the year passes by.

You'll see the gains difference are totally way far from each other. As the stability of gold is there and it has become the global reserve standard of most countries, you'll not have problem with its liquidity but tangible wise, Bitcoin is easier to keep. You don't need a safe for you to keep it and no one will know that you're holding Bitcoin.

Well, as for investing we always say about to each their own. We are in a Bitcoin forum and majority of the investors here are Bitcoin holders. But if you're holding gold and you want to invest to Bitcoin too, no one's going to stop you with that.

I don't want an argument about profit between Bitcoin and gold, but remember, gold is safe in some situations like war, calamity... Everything have cons and pros

From the chart you shown as I go through the links also have overview of the yearly high of Gold, the margins between Bitcoin can't be compared in any way, Bitcoin is far better.

Though Bitcoin stand to be the best but investing on gold is not bad as it may be a matter of choice.

But I see Bitcoin as investment that gives better profit that the gold if you invested during the Bear and hold long time and sell during the bull the profit can't be compare with gold

It depends on who you are and what you like. I prefer Bitcoin over Gold. I am not saying that Gold is a bad investment. In fact, I have Gold as well. But it's not for storing my money for the long term. I saw how people started saving money in the bank. But they were never able to beat inflation. Gold may help you fight inflation in the long term. But Bitcoin is a better investment.

Let's talk about me. I have some gold whose prices have increased by 3% or 5% in the last couple of years. Or maybe a little more. I don't think I am in profit with that. But, considering my average buying price is around 33K right now, I am making a good profit with Bitcoin at this moment, and I am not planning to sell it anytime soon.

Sometimes you also need to reason about the people who believed on bitcoin and Gold since there are less population of people who believed on Bitcoin, let say if bitcoin gain the attention that was given to gold believe till today bitcoin could have worth about $5m per bitcoin so, I still believe Gold is till popular. Bitcoin also has started gaining traction and are eager to venture into it but fear of uncertainty and what could happened to bitcoin since the originator is not showing himself and is no place to be fined. This makes people to give less attention to bitcoin and I know its the young generation that is giving and make bitcoin more popular but for the old who doesn't believe in bitcoin the focused their efforts on either real estate or stock market.

There is nothing you'll come compared a gold with a Bitcoin because a bitcoin is a new version of a digital currency why a gold is an old version of a digital currency so therefore gold is not longer tradeable as Bitcoin is today, but it can be trade as usual, so therefore I want us to understand that gold is out of the market why Bitcoin has taken over a gold since the existence of Bitcoin or introduction of Bitcoin, nobody is ready to invest in gold why bitcoin investment is given a multiplication of profit in which good will give per annual that is why many people queue up in bitcoin

Looking at the current price of Bitcoin, I don't think a anyone would want to go for gold since currently, gold is less than Bitcoin. Bitcoin has bigger rewards when it comes to competitive comparison with gold. We all know that the price of gold is easily manipulated by the government which means there is no need for us to depend on gold. When the government comes in, things are easily manipulated and we don't have to put all our investment in it. Bitcoin is more preferable to any asset currently since Bitcoin has been moving very well and we hold to make money from the price of Bitcoin which also influences altcoins too.

What we now have as the present time digital gold is Bitcoin and not any other forms of physical resources since that's the gold rush for the present financial economy the world is considering at the moment, we have a very high ability of making profits in bitcoin with lesser risk unlike the way other real gold investment is, there are many other opportunities that Bitcoin provides that are quite different and better to that which the mining of gold present to the people at large, an average person cannot afford gold investment while both the poor and rich can invest on bitcoin.

Why need to compare this two? While we have an option to grab both assets. We just need to prepare a lot of money since for sure everything will be fine on our side especially that this two have great potential to bring some good profit and fortune to those people who believe in it.

Some maybe choose gold over bitcoin or reverse to that since they think its more easier for them to spend their money to it. But they fail to realize that nothing else would ever happen if they are to relax. Much better if people could find a opportunity on how they can earn by help of both asset for sure that their life will  change and they will lead into more better future.

Gold, once revered as the pinnacle of wealth, now finds itself amidst a shifting landscape shaped by human innovation. In this age of digitization and the ascendancy of nomadic entrepreneurship, its allure as a store of value wanes in the eyes of the modern generation.

If you think about profit then surely Bitcoin is ahead but if you think about safety then gold.  Because the inflection of Bitcoin is very high, it carries a lot of risk if one wants to invest in Bitcoin for a short period of time.  But this is not the case with Gold. Because the price of gold increases slowly but its price is rarely seen to decrease.  So which one you choose depends on your risk management.  Better to invest in Bitcoin if you can accept high risk.  But if you don't have the ability to take risk, then gold will better for you

 I think they're both good commodities for investment but let's consider the risk factor in both, comparing that I think Gold would be considered the best cause it doesn't depreciate but appreciates over time however due to the volatility of Bitcoin is could drop in price an the money you invested could be liquidated, so it shows that Bitcoin is a more riskier investment and most people who understand this would rather invest their Fiat in Gold.
 However there's no harm in investing in Bitcoin currently due to the current bull run, those that invest when it as at the bear market are making a lot of profits from it and would even benefit more in the upcoming halving when BTC attains an ATH  (All Time High) but it would also be wise to take the profits gotten from BTC and invest in Gold due to Bitcoin's volatility.
 There's a possibility that after the halving the price could drop massively and those who still left their assets would lose all they've acquired and would have to wait for the next halving to gain again, which could take another four years. But like I mentioned earlier it would be wise to take profits gotten from this current Bull run to invest in Gold since the price is stable and prepare to purchase more BTC when the price goes low again.

When you take Bitcoin as an alternative in your investment, you will definitely feel the real side of decentralized currency when the actual time begin to manifest in the market which is the reason why many investors prefer to keep their money on Bitcoin than gold. Gold is older than Bitcoin, but there are still some gold investors that still believe that gold is the best asset to store your money for long period of time but if such investors can take a good step to use little capital to start Bitcoin, he or she will know the reason why many investors are rushing to invest their capital in Bitcoin whenever there is a bearish market. Bitcoin will increase your wealth when you market your Bitcoin in the right time and it will give you the confidence to increase your capital base on what you have achieve.

I was in the same spot, wondering where to put my money. After looking into it, I decided on gold. It's been around forever and feels more stable. Gold is something you can actually hold, which feels safer than the digital world of BTC. Plus, gold's price doesn't jump around as much as cryptocurrency does, so it feels like a steadier choice for my money.

While searching for info, I found a super helpful site, https://smartmoneyverified.com/. They have great tips on how to invest in gold for 2024 and reviews on the top companies for gold investments. I chose American Hartford Gold Group because they're known for being really honest and having top-notch service. Their high ratings and recommendations from famous people made me confident in my choice.

In fact, the main reason why people don't like digital currency as much as it is invisible compared to gold, which is visible, people quickly become familiar with it. The only advantage of gold is that it gives you a profit because of stable, but people consider bitcoin as a digital currency because they think that is not stable.

They fear we're being cheated because if you look at the previous chart of bitcoin how it's fall down from more than 62k to approximately 16k.