Topic: Has BTC really become more attractive than gold? - page 2. (Read 1918 times)

The extremely volatile nature of Bitcoin is the reason why many people are attracted to it and some are afraid of it because it has the possibility of both gaining and losing value significantly in a short period. Whether people accept it or not, the reason why Bitcoin has become so popular and why the whole world is interested in it is because it has become a profitable investment asset. Among the whole adoption, only a small percentage of people would be interested in Bitcoin or cryptocurrencies for the use cases they offer and a larger percentage are in it for the profits.

When we talk about Gold, it has been around for centuries and it has also been a profitable investment asset for centuries because its price has always been going up without any significant drops in it. However, Bitcoin is becoming the favorite of most investors because it offers quick profits and that is what everyone wants these days.

As at what we are having till today, Bitcoin has become more attractive than gold, you could discover more on this from how people all over the world have been interested in knowing and learning Bitcoin, take advantage in it and make investment, unlike the way they could barely have access to gold because of it centralization, scarcity and high price before one can make an investment in it, but Bitcoin has come and made more improvements in such regards that everyone has the right and access of using it.

Of course, these two things will really depend on someone's desire to maintain the value of the assets they collect, but if we can collect these two things, of course this will be profitable for the investment we make and we will be able to gain profits from these two things. , when we have a good understanding of this investment, of course now it will be very good to collect Bitcoin for us to invest in the long term and of course we will be able to get profits from the investments we make and take advantage of the profits from the investments we make in Bitcoin Buying gold is of course the right choice to be able to prepare for a good future for those of us who can carry out both investments.

A perfect investment strategy: When investing, choose BTC because it can generate higher returns during an uptrend. When the crypto market enters a downtrend, converting assets to cash or Gold is the right decision as Gold is better suited for asset protection purposes.

I believe that many investment funds are also moving towards this approach to maximize returns for their clients when they add BTC or spot BTC ETFs to their portfolios. They may also have recognized the allure of BTC's superior price performance compared to all other assets in the traditional financial market.

Yes, I am, both BTC and gold.

It will depend on where you re asking. If you are asking here, yes, it is, because most people right here concern more about Bitcoin than gold in this forum. Moreover, we also understand how valuable and worth it BTC is. But, when you ask ordinary people, gold is the main and first thing, as in the global asset market cap too.

Probably, BTC is more private as long as he doesn't declare about what and how he has.

Many people are like this because of several considerations.
As well as:
- the possibility of someone gaining more profits from Bitcoin in a certain time period
- More interest in digital assets, in this case Bitcoin
- Limited amount of money to invest
- And several other personal reasons that tend to want BTC more than gold.
But indeed, as you said, both BTC and gold are investments that are very worth it and valuable. Both have great reputations that are beyond doubt. So, if we can invest in both, why not?

I haven't excluded gold from my investment portfolio so far, but bitcoin is the asset I most hope to accumulate. Gold has risen a few percent over the past year and I have also benefited from it, but of course gold does not provide higher returns than bitcoin despite its price volatility which is very risky.

Gold and bitcoin are great investment assets, however so far I have only really focused on bitcoin and would prefer to stop buying more gold for now. I will go back to buying gold once I convert my profits from bitcoin.

The ETF spots are been approved in developed countries like US and China, it's now a attractive assets to even many institutional investors but there is no his character of Bitcoin I want it change badly, other traditional assets pump with high volatility but they ar  been careful on how they crash but bitcoin is both side ways, the way it pumo is the same the way it fall if there is any bad news, if that can be reduced or of its a manipulation, the exchanges should find a way to reduce them because they gave the platforms to them to play with the way the want.

The market of Gold you mentioned isn't a smaller one, it's probably around $15T market cap and when I see Comparism of Bitcoin to other assets that are large in market cap, the next question that comes to my mind is where will they see such kind of liquidity to make Bitcoin that big unless if  more institutional investors with billions sitting around the corner buy more Bitcoin, only retailers alone can't make Bitcoin to that level and even if they do, there will be sell off.

We also need the government to stay away with all their shenanigans, they scare investors anytime they become tough with Bitcoin regulation most especially the US SEC, other countries are always scared of US when they are involved in anything related to Bitcoin.

Due to its increasing price, Bitcoin has become increasingly attractive to investors. Investors are interested in profiting from the difference in bitcoin prices by holding them for some time. Bitcoin is different from gold because gold tends to be stable and doesn't move quickly like Bitcoin. People who don't want to speculate may prefer gold to Bitcoin because they fear its rapid movements.

However, to last a long time, gold and bitcoin can last a long time. Many people want to hold physical form, so many choose gold over bitcoin. However, with the popularity of Bitcoin now, some of them also want to invest in Bitcoin. The type of investment will depend on each investor. If investors are willing to open themselves up to accepting new things like Bitcoin, they will accept Bitcoin as another investment besides gold. Moreover, this is about how they can gain profits in the future.

That's what I think, too. A few years ago he said Bitcoin was a bubble, today he says that it should've bought and we all think: oh! we were right and he was wrong! little pat on the back. And in a few months/years he will say something completely different (or not) depending on his interests.

I don't follow his career with a great interest, so maybe I'm wrong, he is honest and he doesn't give a f*** on what people think. But I agree somehow with SeriourlyGiveaway's opinion about the hidden agenda of many of these renowned people.

Admittedly, bitcoin has been making incredible achievements, but comparing it to gold is really like comparing a teenager and a seasoned old man, there is still a very long way to go for bitcoin can stand next to gold.

Many bitcoin investors are just too eager and think that bitcoin is superior to gold because they only look at the profit aspect and ignore many other factors. But they also need to remember that high returns come with high risks, no asset that offers high returns is safe. Many bitcoin investors are too aggressive and biased to always compare these two assets and always put bitcoin first without any convincing evidence.

Remember gold was discovered a very long time ago. We must know why gold is recognized as a valuable item? this looks the same as Bitcoin. This happened because of the consensus that has taken place to this day. So that trust is getting better, the slight difference is the physical that can be seen. Nowadays Gold is seen as a symbol that has uniqueness. But in modern times like today, of course there will be a shift.

Digital currency, crypto seems to be a technology that adapts to these times. It has proven its value and trust is getting better. But with the condition of age that is still a teenager, it may take more consistency for BTC to match Gold. BTC still needs major institutional recognition if it wants to become like Gold. In value, BTC is more attractive than gold, but in terms of recognition, trust and volatility, it seems that Gold is still better. IMO

I don't consider gold an investment portfolio, even though its price has recently increased significantly. But in terms of investment, it is not attractive enough for me to invest a large amount of money over a long period of time, the profit rate is not enough for me to consider it as an investment portfolio. I just view gold as an insurance portfolio for my assets.

In contrast, Bitcoin has shown incredible returns if you invest in it early. Clearly Bitcoin is more attractive than gold in terms of investment. If you invest the same amount of money in Bitcoin, the profit can be several dozen times higher than gold. However, I think that Bitcoin and gold can be two complementary assets. You can protect your assets in gold when the market goes downtrend, and sell gold to reinvest in Bitcoin when the market prospers. You can rest assured that your assets will not be eroded by inflation when you do not have to hold USD.

As for Peter Schiff and the media in general, I don't consider what they say to be a truth. They only want us to hear what they want us to hear, every news or opinion of an individual has a purpose behind it. The harsh truth is that the ruling class do not want ordinary people like us to hold valuable assets like Bitcoin, so it is understandable that they try to defame and criticize Bitcoin in the media.

Looking back, we have seen Gold prices decrease in 1980-2000 and 2011-2015. This is completely normal because Gold prices had increased very strongly before that. The same thing happens with BTC: after each strong uptrend of +1000-2000%, BTC price often has a downtrend of -70-80%, and I think this is a part of the market. We cannot have high profits without accepting sharp declines. It is the large volatility that can create large profits for investors who understand the cyclical nature of the market.

For professional investors, or at least those who think they are truly professional, investing in BTC at this time around the Halving is a quite wise decision because we will soon have a strong uptrend and high profits, something that Gold is unlikely to achieve because Gold marketcap is too large.

I am a little contrary to you, indeed gold has long dominated or been used in the world as a fairly stable asset, it is not only business people who can get this gold, people can also have it to save or protect their wealth from being eroded by inflation.

For me personally, bitcoin is a technology created by its creator and how the creator of bitcoin fights against the financial system in the world. which has been held for hundreds of years by his royal family. This is what opens everyone's eyes. We have heard how a family sold all its possessions and took more risk to buy this technological asset than gold. It is clear that Bitcoin supply will remain that way forever and for those who lose the keys to their Bitcoin wallet, this will affect the impact of Bitcoin and make it much more scarce in the circulating market.

Both of them are useful in a certain situation but the good thing about Gold, the price never drops like Bitcoin. This makes people become certain that investing in Gold is a better option than Bitcoin. But those who love to take risks will choose Bitcoin as well as they believe that despite the high risk, it gives them more profit.

If we think which of the two will seemingly stay long and for several decades, we can assure that Gold remains while Bitcoin is uncertain.
But of course, it depends on our preference and risk appetite. But for me, I'd choose them both because they are both profitable.

They can ignore the profits of BTC, if they didn't then we would've seen more people investing in bitcoin a long time ago and yes it's true that there's a shift in terms of investment, I can guarantee you that even young people that don't know about bitcoin would still probably choose a more typical investment tool and not bitcoin, bitcoin's popularity isn't that widespread as we'd like to think it is because we're surrounded with media and people that are into cryptocurrency that we're so in tuned to think that bitcoin's that famous, stepping outside of the box will definitely make you see that there's still a lot that bitcoin needs to do in terms of popularity.

I agree with you because gold have always dominated among precious metals over the years and we cannot underestimate the beauty and productivity of gold, bitcoin is just an asset that was introduced and it's still new despite the massive recognition and adoption it has recorded since it's invention. Both gold and Bitcoin are good investment, going for the both may look too expensive but if one have a heavy pocket then you can simultaneously go for the both.

Every asset has its own advantages and disadvantages, BTC is the same, and it is not the best investment or accumulation asset in the world, we can only say that it is very attractive because of the strong price increase and the best decentralization.

Gold can be very good, but in war, we see that people also tend to buy BTC for easy accumulation and movement inside a hard wallet or piece of paper instead of having to take a bigger risk when carrying gold. At the same time, if the apocalypse comes, we will worry more about our fate than care about BTC or other assets. I myself think that I don't need to think about this yet, I'm just focusing on investing in BTC.

We all also hope that in the future bitcoin will be the choice of more people and it will become bigger and safer. But given the current reality, we should not deny that bitcoin is just a speculative asset, get rich quickly and is riskier than other assets.

My investment is 100% bitcoin, not because I don't like other investments but because I don't have too much money to diversify and I'm also willing to take risks to achieve my goals. But that doesn't mean I will lie that bitcoin is the best investment and other investments are useless.

We cant really be able to blame out those investors who had made out that kind of positive insight towards Bitcoin in compared to Gold. If we do tend to make see the charts then no doubt that Bitcoin would really be having that kind of good value and really could be making those investors would really be that interesting on making some switch up but eventually when it comes to security then i would be still preferring Gold but well, why would really be needing up to choose if you could really be simply be able to invest on two things if you do have that funds. You are the ones who would really be making such decisions as long you do have the money
then you could really make out some investments and this is something that you would really be having in mind and it would be a matter of choice.

We cant really be able to deny that Bitcoin investment is really that moving fast in compared to Gold then it would really be just that best on choosing on what investment is really that
something depending on you.