The photo you have shared just making a fun. Gold is valuable for a long time and is considered safe by many people. Even though its price can change a lot some traders make money from it.
Bitcoin is different because its price changes a lot. But some people like it more than gold. One reason is that it can make you more money.Bitcoin has gone up in price a lot before and some people think it will keep going up.
Bitcoin also has some advantages as compare to gold. It is easy to send and you can store it online.
Both have good and bad things. Make your own choice which one you will prefer. But I will prefer only Bitcoin.
Topic: Gold vs Btc - page 4. (Read 824 times)
I was going through twitter post today and I came across a post. Then I wondered what about hypes from medias and the success behind Gold or is it only out of trading it falls before gaining it balance back.
Gold isn't much stable but can be volatile and I guess traders make some profit out of its volatility. However ,BTcC is more volatile compare to Gold , but why is Btc still preferred over Gold .
In my view, I believe most people store their assets as Gold because Gold is less volatile compared to BTC
But what about choice between Gold to BTC this image should determine
I don't think that people invest in gold or buy gold because of profit, they do it so that they can store their wealth and save it from inflation because gold doesn't lose value when there is inflation in a country it even becomes more expensive while local currencies tend to lose value when there is extreme inflation, that's why, I think gold shouldn't be compared to Bitcoin because Bitcoin is totally a volatile asset and it has been the case since the beginning.Gold isn't much stable but can be volatile and I guess traders make some profit out of its volatility. However ,BTcC is more volatile compare to Gold , but why is Btc still preferred over Gold .
In my view, I believe most people store their assets as Gold because Gold is less volatile compared to BTC
But what about choice between Gold to BTC this image should determine
Gold gains value over time, maybe not as much value as Bitcoin, but it also doesn't lose as much value as Bitcoin just because it's less volatile than Bitcoin. So, whether someone will choose Bitcoin or gold for investment will depend on their targets and goals that they want to achieve through that. If someone wants to earn a lot of money through their investment, they shouldn't go for gold, obviously.
I will go for Bitcoin because it's stable currency and doing right time investment give you good profit. You can see those person who proper analyse and invest in the bear market of Bitcoin. They get a good amount of profit. Other hand you can see gold the price of gold increasing sometime the price of gold is decreasing but gold can't keep you that much profit Bitcoin can give. That's main reason I always choose Bitcoin for profit.
Very easy to calculate that bitcoin is Bitcoin is preferable then gold, some old people can advise that investment plan is home,gold,land and more, but I know Bitcoin is profitable all over the service.
Keep in mind that the bitcoin price has a lot more volatility than what you have indicated. Also, it is much easier for older people to invest their savings in gold etc. because they are more knowledgeable about these assets. In order for them to start investing their money in bitcoin they need to learn what bitcoin is. Older people don't like novelty, at least most of them. Spreading awareness about bitcoin to the global population is still not enough.
Very easy to calculate that bitcoin is Bitcoin is preferable then gold, some old people can advise that investment plan is home,gold,land and more, but I know Bitcoin is profitable all over the service.
How much growth do you expect in gold over a year? The bitcoin on the other side is valuable asset for those who understand it while many don't like it due to the volatility issue and risks factor involved in keeping it safe from hackers.Gold is treated as an asset simply while for bitcoin it is treated as payment process also with lot of merchants accepting it so we can't basically make exact comparison for both of them and for me gold is not the way to make profits and if you consider future possibilities.
I don’t think the preference of Bitcoin or Gold is a matter of volatility, I believe the major deciding factor is what generation you are born. It’s not uncommon for the older generation to think that Bitcoin is garbage and has no real value. Their experience has taught them a great deal and has also conditioned their mind to trust only the old system. The younger generation are receptive to new ideas and do not dread the idea of a digital currency that isn’t backed by the dollar.
You can not compeard gold and bitcoin. Gold is a physical asset with low volatility while bitcoin is an online digital Gold with high volatility. It has been recorded that since bitcoin has surface to the air it has been drastically increasing over time. And has a greater store of value than gold. Another advantage of bitcoin over gold is that gold is not traded like bitcoin. With crypto exchange you can comfortably buy digital Gold (Bitcoin) in the confort of you home and can make profit within few hours of buying due to the demand and supply.
If Michael J saylor micro strategy did not invest on bitcoin and depends on Gold and other asset, I don't think if the company would have gained what they did so far let me show you the diagram.
[img link address:
https://seekingalpha.com/article/4636590-microstrategy-mstr-buying-its-bitcoin-macro-strategy
If Michael J saylor micro strategy did not invest on bitcoin and depends on Gold and other asset, I don't think if the company would have gained what they did so far let me show you the diagram.
[img link address:
https://seekingalpha.com/article/4636590-microstrategy-mstr-buying-its-bitcoin-macro-strategy
Gold is a precious metal used by humans since ancient times.I would put Bitcoin ahead when comparing gold and Bitcoin because the price of Bitcoin does not fluctuate as much as the price of gold.But still people buy gold and hold it for a long time.They think good profits can be made from gold but if they knew and understood about bitcoin they would have hold bitcoins instead of gold.
Bitcoin is amazing to me because the price of Bitcoin doubles the price of gold in a matter of months.In the history of Bitcoin, it can be seen that nine years ago, the price of Bitcoin was only $108, and from there it has reached $37,000 today. It is truly incredible.
Bitcoin is amazing to me because the price of Bitcoin doubles the price of gold in a matter of months.In the history of Bitcoin, it can be seen that nine years ago, the price of Bitcoin was only $108, and from there it has reached $37,000 today. It is truly incredible.
I always hate this comparison between Gold and Bitcoin. You cannot compare them at all. Bitcoin is much more calculated, already defined, limited, based on technology investment and Gold is a material like any other found in the environment, I don't know when you will find another country with so much hidden gold.
People investing in stocks and crypto and not in Gold is a clear indicator of how it was overrated in our history because there was no other alternative available to store the value of an asset.
People investing in stocks and crypto and not in Gold is a clear indicator of how it was overrated in our history because there was no other alternative available to store the value of an asset.
Is he Peter Schiff who is a greatest Bear against Bitcoin?
He called Bitcoin is fraud, invested in bitcoin is stupid when Bitcoin is a few dollars to $10,000 till $69,000.
He told that people should sell their bitcoin because bitcoin will fall to $0 over years.
So far, since 2009, I can officially say Peter Schiff and all of his callings are wrong. In future, will his callings against Bitcoin be true? I am seriously doubtful about that.
~snip~
He called Bitcoin is fraud, invested in bitcoin is stupid when Bitcoin is a few dollars to $10,000 till $69,000.
He told that people should sell their bitcoin because bitcoin will fall to $0 over years.
So far, since 2009, I can officially say Peter Schiff and all of his callings are wrong. In future, will his callings against Bitcoin be true? I am seriously doubtful about that.
~snip~
I would not say that Peter is a stupid person who does not understand what he is talking about, but that he only uses Bitcoin as something that puts him in the focus of all those who persistently compare Bitcoin and gold. He is a classic gold bug suffering from some kind of modern gold rush and believes in gold like Warren Buffett believes in stocks.
As far as I remember, Peter's son did not follow in his father's footsteps and is supposedly an investor in Bitcoin, and when the two of them meet at a lunch or dinner, they certainly have a very interesting topic to talk about
I couldn't believe this is true until I checked it myself.
https://goldprice.org/
Form that chart, gold was around $1900 in 2011 forth quarter. Gold price as of today is $1961.
It is better to buy bitcoin instead of gold.
For the main part gold is a get away from inflation affecting the value of our money in fiat. The point is gold has gained a global trust than bitcoin as it has exist over a century now as a store of value and government, institutions and individuals trust to keep the value of their money with gold than BTC that has just been around not quite long.https://goldprice.org/
Form that chart, gold was around $1900 in 2011 forth quarter. Gold price as of today is $1961.
It is better to buy bitcoin instead of gold.
However, if you want to make an astronaut profit investment bitcoin is the big shot to go for, like imagine from 2011 to 2023 the profit in value is enormous for bitcoin while gold is just probably making sure it doesn't fickle down just moving very slow and steady.
I was going through twitter post today and I came across a post. Then I wondered what about hypes from medias and the success behind Gold or is it only out of trading it falls before gaining it balance back.
Gold isn't much stable but can be volatile and I guess traders make some profit out of its volatility. However ,BTcC is more volatile compare to Gold , but why is Btc still preferred over Gold .
In my view, I believe most people store their assets as Gold because Gold is less volatile compared to BTC
But what about choice between Gold to BTC this image should determine
Well, the meme you have shared is a little bit wrong in the context of prices, because the rates of gold did not remain the same over the 12 years, If you calculate the price there would be a difference of $300 between the price of gold per ounce at 2011 if compared with the price of Gold in 2023.Gold isn't much stable but can be volatile and I guess traders make some profit out of its volatility. However ,BTcC is more volatile compare to Gold , but why is Btc still preferred over Gold .
In my view, I believe most people store their assets as Gold because Gold is less volatile compared to BTC
But what about choice between Gold to BTC this image should determine
Well, besides the price of the gold, people prefer BTC over Gold because Gold is difficult to carry, and there are restrictions by governments to carry a huge amount of gold from one place to another, you can easily carry $1 billion of BTC but you can't carry $1 billion of gold without investing in transportation and without making arrangements.
In short, Gold comes with lesser profits, and more costs, while BTC (digital gold) is quite the opposite of it.
Let's say this comes with difference or not, gold cannot still stands beside bitcoin, you can make the analysis well and checked the twelve years of gold compared to that of bitcoin, you could see that if someone is given an opportunity to make an investment by choice, it will definitely be bitcoin and not gold in this case, their annual performance is what will determine what we can use as the main reason to make our decision on anyone of them for our own profitable investment and you can see how much diversion has been made over gold to bitcoin ever since it's invention since 2009.
I was going through twitter post today and I came across a post. Then I wondered what about hypes from medias and the success behind Gold or is it only out of trading it falls before gaining it balance back.
Gold isn't much stable but can be volatile and I guess traders make some profit out of its volatility. However ,BTcC is more volatile compare to Gold , but why is Btc still preferred over Gold .
In my view, I believe most people store their assets as Gold because Gold is less volatile compared to BTC
But what about choice between Gold to BTC this image should determine
This is somehow funny though if you've invested in Gold then compared to now
Let me say you are misrepresenting things about Gold and Bitcoin. Gold is never stable, it's very volatile, only that it is old, and the older and more liquid an asset is, the more likely you would be able to manipulate it and cause artificial volatility. This is why you think that Gold is stable but it moves so much on a daily, weekly, monthly and yearly basis and I trade it most if I must add. It is such that doesn't care much about breaching the ATH but well-informed strategies will make one earn both in trading and investment of Gold.Gold isn't much stable but can be volatile and I guess traders make some profit out of its volatility. However ,BTcC is more volatile compare to Gold , but why is Btc still preferred over Gold .
In my view, I believe most people store their assets as Gold because Gold is less volatile compared to BTC
But what about choice between Gold to BTC this image should determine
This is somehow funny though if you've invested in Gold then compared to now
But Bitcoin, is still new and less liquid, unlike Gold which is what causes the lousiness and volatility. When it becomes more liquid, it becomes less volatile and the ATH would rather take time to be breached by then. Also, any asset with ATH now might record a lower value in over a decade, Bitcoin is still young, so let's wait for what it will do in the future.
Between digital gold and bitcoin, investors will prefer investing in bitcoin than gold because of the higher returns but for the physical gold people will still prefer it because its been existing from old and so higher trust on physical gold than bitcoin don't forget Bitcoin is still in the adoption age, maybe bitcoin will later in the long run exceeds it because the world is turning to a global village.
Gold isn't much stable but can be volatile and I guess traders make some profit out of its volatility. However ,BTcC is more volatile compare to Gold , but why is Btc still preferred over Gold .
In my view, I believe most people store their assets as Gold because Gold is less volatile compared to BTC
In my view, I believe most people store their assets as Gold because Gold is less volatile compared to BTC
I think Gold is just to store and maintain the value of assets freed from inflation and not what you're thinking. Moreover, the value of BTC is based on its usefulness as a medium of exchange and its scarcity. The present generation actually preferred BTC over Gold despite its higher volatility because BTC is much more liquid than gold meaning that it's easier to buy and sell. Again, BTC is much easier to store and transport than gold since it's a digital asset. Majority of us believe that BTC is a better store of value than gold because it has a fixed supply and is less influenced by politics or central banks. Gold seems to be outdated.
Exactly, in the case put by the first few posters over the last 12 years Gold has
risen in value by .... $61 thats not volatility, it moves 1% or a fraction of it at a time
thats exactly why Gold has been so popular by the super wealthy, its perfect for
storing wealth particularly in times of high inflation and dilution of FIAT currencies
without the big risk.
The image in the OP is a perfect visual for us who want to convince our friends that
actually there is a better vehicle to use than Gold, its Bitcoin.
Two people I know whom I have talked to in the past have all spent their money on Gold,
cant wait to show them this visual image.
Just as Mk4 said it's a generational stuff, the older generation attach so much value to Gold and it was as good as bitcoin now to them. I think that's the reason why bitcoin exist (something new has to replace gold) because every generation has what they attach they value to. At because of this i believe something stronger than Bitcoin will surely exist in more generation to come. [ If you like criticism this statement it is still the truth] people will keep moving forward and new inventions will exist.
I personally see gold right now as (SOV) A store of value. If I don't want to save my money in fiat I can just buy some gold and keep them save. it will still retain my money with almost the same value it was when i bought it. More like in my country where leadership system is corrupt you can be prisoned for having too much money saved in your bank account. So to avoid this kind of situation i can diversify to gold as a store of value because it will keep my money and even profit me a little bit. For Bitcoin i see it as investment that i can trust and hodl for a long time and huge profit is sure.
I personally see gold right now as (SOV) A store of value. If I don't want to save my money in fiat I can just buy some gold and keep them save. it will still retain my money with almost the same value it was when i bought it. More like in my country where leadership system is corrupt you can be prisoned for having too much money saved in your bank account. So to avoid this kind of situation i can diversify to gold as a store of value because it will keep my money and even profit me a little bit. For Bitcoin i see it as investment that i can trust and hodl for a long time and huge profit is sure.
~Snipped
Gold is still a good investment and with recent actions from central banks globally, it seems gold will have a surge but I would like to choose Bitcoin as it has better ROI (use this casebitcoin.com website and look at the ROI chart.
Gold is still a good investment and with recent actions from central banks globally, it seems gold will have a surge but I would like to choose Bitcoin as it has better ROI (use this casebitcoin.com website and look at the ROI chart.
I have no doubt that gold is a good investment from time to time –however, without a really good event or fundamentals, I'm not sure it would be doing much. IIRC, Gold was priced around $1815 between late September to early October 2023. The value went up to almost $2K when the Israel vs Hamas war started as people bought more gold as a safe haven asset which was why the price went up so much in such a short time.
I'd take a bitcoin investment vs gold any other day of the week.
Some people do make this comparison every time over a cryptocurrency but what you guys don't understand over bitcoin and gold is that, a gold is a digital currency and bitcoin is also a digital currency and also a valuable currency like bitcoin, so the thing is that Bitcoin is a new technology in which nobody can predict its value and when it will be out of market, whereas gold currency has been into existence before 2009 when bitcoin was been introduced and started escalating, so people currently values bitcoin more than any other digital currency because of the technology behind bitcoin development and also the embrace people embraced bitcoin technology within short time of bitcoin existence.
This is somehow funny though if you've invested in Gold then compared to now
Not as funny as investing in bitcoin at 60k
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