Has BTC really become more attractive than gold? - page 3.

kotajikikox

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Quote from: Franctoshi on April 08, 2024, 05:18:29 PM

I would say yes, it's becoming more attractive in this recent years if you check its performance over the couple of years and comparing its performance with Gold existential, and if you think of the market cap and what the price would be if it eventually reaches the market cap of Gold, and furthermore, if you look at the monetary problem that Bitcoin have come to solve, and its true decentralized nature and the fact that it is deflationary, no one would ever kick back at Bitcoin, So I believe this is what institutional investors have come to realize about Bitcoin and that's why we've beginning to see more interest on Bitcoin institutional side.

There is no doubt that in the shortest period of Bitcoin existence yet it shows how this grows high in those times comparing to Gold that has been here since our existence , if bitcoin can reach that high then how much this can be in the coming future?

I will keep trusting bitcoin for the next decades of my financial freedom and investing.

barto123

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IMO main thing Bitcoin can't offer offer over gold:

Value in doomsday situation - no power/internet.

My other main concern:

Bitcoin isn't fungible (interchangeable units) either - some is coinjoined (tainted), some is not.

Monero is fungible & will soon undergo massive privacy upgrade - with extremely large anon set.

Gold units aren't all the same either unless they're melted down & are the same purity. This is better than Bitcoin because it doesn't leave a trace of transaction history.

Personally I think it's wise to own bitcoin, monero, gold & silver. Which ever way the world goes, you're covered.

Vincom

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Quote from: CryptoBuds on April 09, 2024, 03:10:23 AM

Choosing gold or bitcoin depends on the amount of capital you have and your risk tolerance. If you are a person with a lot of money and wealth, choosing assets with high safety is obvious even though the profits will be lower. But if you only have a modest amount of capital and want to get rich quickly and to catch up with society's wealth, you will choose bitcoin. Bitcoin seems to be the only way to help you realize your dream of getting rich. That's why rich people will still choose gold, while young people who are starting a business are willing to accept risks to achieve their dreams faster. Gold or bitcoin, which asset will be more attractive, it only depends on you.

We can call it an investment appetite, which is related to the return and risk of each asset class. It is possible that the rich are more cautious because they have to manage large assets, while the poor are willing to take the opportunity with BTC because they do not have much to lose. In particular, investment funds can only allocate a portion of their assets to BTC because they prioritize safety over returns for their clients.

However, this may only be temporary. I think with the increasingly widespread acceptance of BTC in the financial market, the number of investors and the amount of money allocated to BTC will gradually increase, pushing the wave of investment in BTC and even the rich will not want to miss the opportunity to earn huge profits with BTC. Young people love BTC more than Gold, they will soon inherit their parents' assets, they will make BTC an important part of their investment portfolio, regardless of the size of that asset.

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Quote from: Vincom on April 08, 2024, 07:52:57 PM

Quote from: Makus on April 08, 2024, 04:01:18 PM

Bitcoin investment is indeed one of the best investment opportunities in this era. Though gold is also a good asset for investment but due to the liquidity of Bitcoin which gives everyone an opportunity to have smaller division and trade it digitally using P2P, that's an advantage of Bitcoin over gold. And the volatility of Bitcoin is the major reason for the dump and pump in price, so it's also an advantage because the over movement of Bitcoin says so. Of cause when dealing with an asset digitally it tends to pose more threat as there is a possibility of hack especially when you become careless in storing your seed phrase but it also helps to stay anonymous and even make very large amount of transaction that might even cause a public awareness if it where to be gold.

If you do a little research on BTC, it is not difficult to see its advantages over Gold in the investment field. Therefore, even though Gold has a longer history, larger market cap, and wider acceptance, BTC is still a more attractive investment option for young people.

Gold has the advantage of having low price volatility and is suitable for becoming a reserve asset, while BTC has higher price volatility and continuously increases in price after each season, making it suitable for investment. It is this high volatility that has created great profits for BTC investors, I think that is an advantage, not a disadvantage of BTC.

Choosing gold or bitcoin depends on the amount of capital you have and your risk tolerance. If you are a person with a lot of money and wealth, choosing assets with high safety is obvious even though the profits will be lower. But if you only have a modest amount of capital and want to get rich quickly and to catch up with society's wealth, you will choose bitcoin. Bitcoin seems to be the only way to help you realize your dream of getting rich. That's why rich people will still choose gold, while young people who are starting a business are willing to accept risks to achieve their dreams faster. Gold or bitcoin, which asset will be more attractive, it only depends on you.

YUriy1991

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Quote from: Vincom on April 05, 2024, 04:50:13 PM

The largest investors in the financial market still choose Gold, although they are diversifying a part of their portfolio into BTC, I believe that is the best way currently to balance both safety and profit.

It is recognized that until now Gold has been widely accepted but the fact is that now BTC has also gained an increased acceptance rate, where the growth of Bitcoin's value continues to rise especially before the halving and is quite interesting to follow.

Quote from: Vincom on April 08, 2024, 07:52:57 PM

Gold has the advantage of having low price volatility and is suitable for becoming a reserve asset, while BTC has higher price volatility and continuously increases in price after each season, making it suitable for investment. It is this high volatility that has created great profits for BTC investors, I think that is an advantage, not a disadvantage of BTC.

What I think and of course the general description of whether you like to invest in gold or invest in Bitcoin is always recommended for long-term goals. But it is also true that you said if you look at it in more detail, there is indeed a big difference when talking about speed in the process of obtaining profits between gold investment compared to BTC in terms of time.

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Quote from: Makus on April 08, 2024, 04:01:18 PM

Bitcoin investment is indeed one of the best investment opportunities in this era. Though gold is also a good asset for investment but due to the liquidity of Bitcoin which gives everyone an opportunity to have smaller division and trade it digitally using P2P, that's an advantage of Bitcoin over gold. And the volatility of Bitcoin is the major reason for the dump and pump in price, so it's also an advantage because the over movement of Bitcoin says so. Of cause when dealing with an asset digitally it tends to pose more threat as there is a possibility of hack especially when you become careless in storing your seed phrase but it also helps to stay anonymous and even make very large amount of transaction that might even cause a public awareness if it where to be gold.

If you do a little research on BTC, it is not difficult to see its advantages over Gold in the investment field. Therefore, even though Gold has a longer history, larger market cap, and wider acceptance, BTC is still a more attractive investment option for young people.

Gold has the advantage of having low price volatility and is suitable for becoming a reserve asset, while BTC has higher price volatility and continuously increases in price after each season, making it suitable for investment. It is this high volatility that has created great profits for BTC investors, I think that is an advantage, not a disadvantage of BTC.

Franctoshi

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I would say yes, it's becoming more attractive in this recent years if you check its performance over the couple of years and comparing its performance with Gold existential, and if you think of the market cap and what the price would be if it eventually reaches the market cap of Gold, and furthermore, if you look at the monetary problem that Bitcoin have come to solve, and its true decentralized nature and the fact that it is deflationary, no one would ever kick back at Bitcoin, So I believe this is what institutional investors have come to realize about Bitcoin and that's why we've beginning to see more interest on Bitcoin institutional side.

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Quote from: AYOBA on April 08, 2024, 01:19:49 PM

Furthermore for me, I would prefer to amass Bitcoin to hold it for extended periods of time than invest in gold, which I didn't have even a single concept about. Even in terms of security, Bitcoin is more assured than gold.

I don't also have gold but I want to have it soon. I might just allocate some of the profits that I'll be getting with Bitcoin and then will buy it but that's still tentative.

But for now, I also want to have more Bitcoin instead of gold. It's very easy to keep and no one will even know that you have already purchased one until words come out of your mouth.

And only the exchanges where you've bought it if you ever have passed on their kyc.

arjunmujay

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Quote from: Vincom on March 26, 2024, 07:21:50 PM

Within the crypto community, BTC has earned the nickname "Digital Gold" due to the expectation that it can rival gold in terms of market capitalization, value, economic influence, and widespread acceptance
~snip~

Actually, I myself still don't agree with Bitcoin being said to be "Digital Gold" because it is very different.
gold itself also has their digital gold by buying it virtually through their own market.
bitcoin will remain bitcoin and will never be or resemble anything else. because bitcoin is more about blockchain technology which can actually outperform other assets such as gold.
Likewise market capitalization. Even though currently BTC has been approved for ETF, this does not necessarily mean that Bitcoin is another asset and can even be controlled by a company or person because there is a difference between decentralization and centralization.

but if your question is about this:

Quote

I would like to know your views on BTC and gold:

Are you investing in BTC or gold?
Do you think BTC has become more attractive than gold in the investment sector?
Have people like Peter Schiff accumulated a lot of BTC while still badmouthing BTC in the media?

It depends on each person's view. I myself believe that bitcoin is superior to gold and definitely prefer investing in bitcoin compared to gold.

Let's see now that Bitcoin's market capitalization is in 9th position globally.^[1] When compared with gold, it is still very far considering that gold has been around since 1975, while Bitcoin started in 2010, but now it can occupy that position and even beat the market capitalization of other large companies.

[1] Top Assets by Market Cap

Makus

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Bitcoin investment is indeed one of the best investment opportunities in this era. Though gold is also a good asset for investment but due to the liquidity of Bitcoin which gives everyone an opportunity to have smaller division and trade it digitally using P2P, that's an advantage of Bitcoin over gold. And the volatility of Bitcoin is the major reason for the dump and pump in price, so it's also an advantage because the over movement of Bitcoin says so. Of cause when dealing with an asset digitally it tends to pose more threat as there is a possibility of hack especially when you become careless in storing your seed phrase but it also helps to stay anonymous and even make very large amount of transaction that might even cause a public awareness if it where to be gold.

Alone055

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Quote from: Gaza13 on April 08, 2024, 02:29:43 PM

For people who don't understand investment, of course they will choose gold over Bitcoin, they think that maybe gold is quite stable and safer and more tangible or physical compared to investment assets such as Bitcoin whose prices are full of fluctuations. For those who already understand investment, they will definitely prefer Bitcoin since it was first launched, since Bitcoin's inception until whenever Bitcoin will remain in limited supply, namely around 21 million.

Well, I don't completely agree with that. A good investor would never look at assets only based on how much money they can potentially generate for them, but they look at assets that will earn them profits and keep their investment secure as well. Considering this fact, a good investor isn't someone who would go for Bitcoin only because it has a higher possibility of giving bigger returns on investments, but they might consider other options as well such as gold which can provide stable returns but tends to stay less volatile and drops less in value over time.

I don't deny that Bitcoin is a great asset and it is probably one of the best innovations and technologies of our era, but we all know how the nature of cryptocurrencies is, they tend to be extremely volatile at times. We have seen Bitcoin dropping to $16k in this previous bear market after going to $69k in the bull run before it. Have you seen Gold taking that big of a dip ever? I don't think so.

That's why, it depends on a person's personal investment preferences and financial goals and which asset they would choose, but I wouldn't agree that investors of gold don't understand investment because they do.

tiCeR

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Quote from: m2017 on March 27, 2024, 01:22:54 AM

Quote from: Vincom on March 26, 2024, 07:21:50 PM

I would like to know your views on BTC and gold:

Are you investing in BTC or gold?
Do you think BTC has become more attractive than gold in the investment sector?
Have people like Peter Schiff accumulated a lot of BTC while still badmouthing BTC in the media?

1. Why do you use "investing in BTC or gold" in the question? There is nothing stopping from combining investing in traditional gold and digital gold, as the "gold mining company Nilam Resources" plans.

On a forum called bitcointalk, you are unlikely to hear many confessions about investing in gold.

2. I would say bitcoin is becoming more attractive in the investment sector with each new cycle.

3. This is not excluded. No intelligent investor would publicly voice their investment strategies, because this is the same as playing poker with their cards exposed.

That's true and that is because development on the protocol will progress, second layer options will further emerge and improve and utility is increasing with BTC's volume and price.

Everyone who has been traveling to countries in the recent past where BTC ATMs are located, probably has had a positive experience using BTC. I mean it depends on the fees of those ATMs of course and some of them are just too expensive and not really feasible. But still BTC is the most liquid and mobile asset you can have at the moment (next to fiat of course). But BTC doesn't have a limit in terms of capital mobility. If you want to take a billion dollars in BTC with you, you can go wherever you want and nobody will and can stop you from carrying it with you and using it abroad. Try getting a billion dollars in gold bars out of the country, or in cash. Or try it with some pieces of art, or a watch collection. Try it with a bank transfer.

There is simply no way that any of the physical or digital assets running on legacy systems infrastructure could give you the advantages that BTC gives you. As more people realize that, adoption will further increase, then in turn increase utility, which then further drives adoption.

Gaza13

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Quote from: Volimack on April 06, 2024, 12:08:34 AM

Bitcoin is a good currency that gives a lot of profit while gold is increasing day by day and both can be good investments. Many people still don't know about bitcoin so once bitcoin becomes legalized everywhere and starts circulating around the world, it will grow in popularity and become more attractive than gold. It is possible to hold bitcoin at a very low price but not gold. Based on the volatility in the market bitcoin can become a good investment.

For people who don't understand investment, of course they will choose gold over Bitcoin, they think that maybe gold is quite stable and safer and more tangible or physical compared to investment assets such as Bitcoin whose prices are full of fluctuations. For those who already understand investment, they will definitely prefer Bitcoin since it was first launched, since Bitcoin's inception until whenever Bitcoin will remain in limited supply, namely around 21 million.

The current popularity and remaining supply of bitcoin has made many people look at this asset and many people want to own it, including global elites around the world. They know that this asset is very rare and that this asset is different from other assets. For me, Bitcoin is the leading technology of this century that is very difficult to penetrate. Don't look at the current price of Bitcoin, collect as much as possible and look at Bitcoin past track record, Bitcoin track record is much better than gold, of course genius people will want to own this rare asset, and of course Bitcoin in the future will be much higher than now and the future of bitcoin is much brighter and superior to gold. Not only that, many well-known brands have looked at this asset for payment.

AYOBA

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Regarding investment, I would say that both of them are worthwhile, the only caveat is that it will rely on which one everyone is interested in and has knowledge and experience with. Everybody invests differently, so while it's true that choosing Bitcoin is a better option when it comes to investing because it can yield much higher returns than gold, some people may know a lot about Bitcoin investments but not so much about gold.

Furthermore for me, I would prefer to amass Bitcoin to hold it for extended periods of time than invest in gold, which I didn't have even a single concept about. Even in terms of security, Bitcoin is more assured than gold.

GigaBit

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When it comes to investing, there is no better investment than Bitcoin. Because Bitcoin was designed by its founders in such a way that an investor may not be profitable in the short term, but it is a profitable investment in the long term. Everything is and will be changing in this world and along with it there has been a big change in the investment platform. Bitcoin has no qualms in offering maximum benefits to an investor in the new generation and advanced era. It is the most volatile currency and a guarantee of long-term fixed assets no alternative has yet emerged. Moreover, there is also a spread difference between gold and bitcoin. Gold has been in demand since ancient times, but it has never been able to deliver the same returns as Bitcoin over a relatively short period of time. since gold has a physical existence, no one can save it according to its benefits. Bitcoin is a perfect solution for all those issues. I am not a big holder of bitcoins but I am trying my best to hold bitcoins and try to accumulate bitcoins by managing DCA for long term.

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Quote from: Smartvirus

Questions such as these will always be subjective. Should we look at it in terms of what forum users think, you would barely find anyone who would put gold ahead of Bitcoin. But, should you look at the world’s investing population and ask what is it they think between these two commodities; people would pick gold. That’s where you would find the majority and why? It’s because it’s government backed, gold have served for centuries and could be sued for decorative purposes as artifacts and jewelry.

Here right now, I’ll tell you both are doing okay for there spheres, no need bringing so much context to it. Even so, you wouldn’t find me buying gold for an investment, am in with Bitcoin.

I know forum users will prefer BTC investment than Gold investment becaus, they have be with BTC investment over some years and they have experienced mighty things from their BTC investment that will make them to stand for the favour of BTC, but if you search round the world today, you will discover that BTC is everywhere and many people and companies have the ideal of BTC investment.

If you have invested your money on BTC and gold before, you will have that believe that BTC is the best investment to invest your money and, it has dominated to make people to be attractive with the positive results they saw on BTC investors to show more interest on BTC investment.

Nothing will make me to invest my money on gold when I have the idea of how long term BTC investment work for those that can exercise patience till the right season come to earn from BTC investment.

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Quote from: Churchillvv on April 05, 2024, 05:27:11 PM

1. It's very much good to know that both bitcoin and gold are nice investments and choosing one over the other is really hard because if I have the opportunity I will proudly invest in both. Let's borrow some ideas from some people who already answered this question, bitcoin is more like a digital gold and traditional gold is the physical one we can see and hold. The two are good investment but if we are to chose as coiners then it will bitcoin for sure.

2. Yes, of course bitcoin is becoming more attractive in the investment sector but this answers is biased because I haven't done any scientific research on that to go into conclusion but as from the informations gather from this forum I think bitcoin is becoming more attractive over and over again.

3. That's solely in the position of the person himself to answer that because I don't know if surely Peter Schiff have accumulated bitcoin or not but we can say yes he must have having find out that it has proven itself over the years and it's still not lost like other scam projects.

The success and attractiveness of BTC does not negate or compete with Gold in the economy or in professional investment portfolios. Each investor and investment fund will have their own criteria for profit and risk, from which they will decide whether to allocate a few % to BTC as a new and extremely potential asset. Although BTC is still very small compared to Gold in terms of capitalization and acceptance, the increasing interest of investors in BTC is a good sign for us!

All investors want to make a profit, and I believe that even the famous Gold supporters would have chosen BTC if they had known 10 years ago that BTC would become the extremely successful asset that it is today. However, we all know that they also have a very high ego, so they will deny BTC until the end of their lives, even though BTC could reach 1M USD in the future.

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Quote from: Volimack on March 26, 2024, 10:50:39 PM

As far as I am concerned it is up to the individual to consider gold and bitcoin as an asset to invest in but the high price of bitcoin is making bitcoin more attractive in the market than gold. If you want to hold gold as an asset its value has increased significantly but investors consider Bitcoin to be safer. It is not possible to change quickly to store gold. But with the increase in the value of bitcoin one can do whatever one wants.

but bitcoin has become more attractive than gold and I believe that bitcoin has it own way of value but since its existence I seems that bitcoin has taken over gold investment and nobody is investing on gold on like before, before 2009 gold investment was every where and mostly the big men the rich where investing in gold but bitcoin came to hijacked the interest of people in towards gold investment and take over, right now people are interested in bitcoin investment not as be interested in gold business or investment any longer, investment of Bitcoin what people are interested of.

Volimack

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Bitcoin is a good currency that gives a lot of profit while gold is increasing day by day and both can be good investments. Many people still don't know about bitcoin so once bitcoin becomes legalized everywhere and starts circulating around the world, it will grow in popularity and become more attractive than gold. It is possible to hold bitcoin at a very low price but not gold. Based on the volatility in the market bitcoin can become a good investment.

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Quote from: boyptc on April 05, 2024, 11:19:13 AM

Quote from: heslylamba on April 05, 2024, 11:01:14 AM

I invest in both Bitcoin and gold. I believe it's not wise to put all the eggs in one basket.

You're right and that's good that you've diversified both in good assets. I've seen just today that gold is pumping as well but if we're going to compare its gain to Bitcoin, we know that it's incomparable.

And with the existence that gold has, Bitcoin is still far from it. So both of them have their goodness to each other.

If you're the type of investor that can do both, you're privileged to do it.

Good can not be compared to Bitcoin even though that Bitcoin is a digital currency while gold is a physical assets which some persons belief it should benmore useful than Bitcoin. Bitcoin has made a lots of people wealthy and people could hold it while you can not hold the gold just like Bitcoin asset that is digital. Gold are owned by wealthy people but a poor man can not hold it.
If everyone has the funds to buy Bitcoin, I think Bitcoin might even have higher liquidity that what we are seeing in the market.

Topic: Has BTC really become more attractive than gold? - page 3. (Read 1918 times)