Has BTC really become more attractive than gold? - page 6.

thecodebear

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Quote from: krishnaverma on March 31, 2024, 12:59:35 AM

Bitcoin has proved to be a better investment than gold for sure because

1) If we just compare return wise, bitcoin beats every other investment option including gold. And we should not forget that gold took so much time to reach current stage. While bitcoin has exploded in just 10-15 years.

2) Safety wise also bitcoin is safe. To store large amount of gold, you have to spend lot of money on services like lockers. On the hand, you can store as much BTC you want safely with a simple hardware wallet.

Yeah.

Bitcoin: easier to store, easier to secure, easier to buy, presumably in the future will actually be able to spend, and wayyyy more profitable

Gold: less volatile

So Gold is sometimes better for short term holding, like specifically during bitcoin bear markets, but I'd rather just hold dollars if I want something short term, because there is no way to know if Gold will go up or down short term).

krishnaverma

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Bitcoin has proved to be a better investment than gold for sure because

1) If we just compare return wise, bitcoin beats every other investment option including gold. And we should not forget that gold took so much time to reach current stage. While bitcoin has exploded in just 10-15 years.

2) Safety wise also bitcoin is safe. To store large amount of gold, you have to spend lot of money on services like lockers. On the hand, you can store as much BTC you want safely with a simple hardware wallet.

ChiBitCTy

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Personally I don’t think one is necessarily better or more attractive than the other. They both serve their own purpose, different purposes, so I think they are both attractive in their own way. Personally if I’m someone with a large enough portfolio, I’m making sure that I own both gold and bitcoin.

Vincom

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₿itcoin maximalist

Quote from: Woodie on March 30, 2024, 10:01:36 AM

If we look back at a time when Bitcoin wasn't a thing, you get to realise that access to gold wasn't easy and still isn't because you need to have some paperwork done if it goes above certain quantities which meant this was a problem for most people, but with the coming of our beloved digital gold .. owning Bitcoin is a flew clicks away and anyone can get their hands on some if not using some adult(18+) only platform(exchanges, gambling platforms etc).

Yes it has, because it's readily available to everyone around the world and you don't need to have a gold mine for it to be available or in this case a Bitcoin mine.

And other reason it's an attractive asset, it's because pricing is uniform regardless of were one comes from...unless you using a third party that will charge extra for their middle man fees... otherwise BTC is by far better than gold in terms of ROI, security needed, and ease of access.

In my country, buying gold bars can be easily done at precious metal stores, but storing gold bars can come with many risks, such as storage conditions and safety for the holder. The young do not feel comfortable with this and BTC is a more suitable option for them, as all they need to do is buy BTC through internet with a small amount of money easily and then store the private key carefully.

Although gold is more stable than BTC for the purpose of asset storage, BTC is completely superior to gold in terms of long-term investment.

gmdisnuts

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Yes!! I'm loving it. I almost bought gold but bought more bitcoin instead. Grin

DanWalker

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Quote from: Marvelman on March 28, 2024, 07:44:28 AM

Quote from: DanWalker on March 28, 2024, 06:54:00 AM

Quote from: Samlucky O on March 27, 2024, 09:25:31 PM

2) I prefer investing in bitcoin than investing on Gold. You can buy bitcoin worth 10 billion dollars and keep it on your wallet without even anyone noticing you have that number of bitcoin in your holding. But if you buy such number of gold you will not be at peace with yourself because a place of storage will be a problem for you . I have many other options to prove how important btc is, over Gold.

You can travel anywhere around the world with your Bitcoin in your wallet but can not travel with Gold,k but still need to sell it before you.

But I bet you that if you had 10 billion USD or a large amount of money, you would never dare to fully invest in bitcoin even if you knew that you had full ownership of your assets. Besides the guarantee of privacy and self-control of assets, the fact that our assets are 100% bitcoin also has risks that if we make a mistake, we will regret it for the rest of our lives.

Gold will be essential in that case as you will definitely need to diversify your assets to ensure your safety. Gold also has very good use cases and bitcoin is not perfect.

Let me just say, 10 billion in anything would make me nervous, digital or not! There's no way I'd go all-in either. Imagine accidentally losing the private key of the wallet or sending all that Bitcoin to the wrong address. One wrong click and it's adios to your savings! But Bitcoin's portability is definitely a plus. Gold is much bulkier and more difficult to transport. You need a large secure storage, anti-theft security measures, etc.

Maybe you're right - and mix is the way to go? Best of both worlds.

To be fair, both gold and bitcoin have distinct useful use cases and are necessary for us to diversify our portfolios to minimize risk. Just because we are on the bitcoin forum and most try to deny the importance of gold but I agree with what @fuguebtc said, when they acquire a large fortune they will realize that gold is important how important it is to them. Also, I'm not surprised that most people here are looking for quick wealth and bitcoin is the perfect choice so gold is not their choice.

Woodie

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If we look back at a time when Bitcoin wasn't a thing, you get to realise that access to gold wasn't easy and still isn't because you need to have some paperwork done if it goes above certain quantities which meant this was a problem for most people, but with the coming of our beloved digital gold .. owning Bitcoin is a flew clicks away and anyone can get their hands on some if not using some adult(18+) only platform(exchanges, gambling platforms etc).

Quote

Re: Has BTC really become more attractive than gold?

Yes it has, because it's readily available to everyone around the world and you don't need to have a gold mine for it to be available or in this case a Bitcoin mine.

And other reason it's an attractive asset, it's because pricing is uniform regardless of were one comes from...unless you using a third party that will charge extra for their middle man fees... otherwise BTC is by far better than gold in terms of ROI, security needed, and ease of access.

justdimin

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Quote from: GbitG on March 29, 2024, 06:27:32 AM

sure I am investing in Bitcoin, not in gold. Both have their own pros and cons, but anyway today the world has a new mindset, like they want everything in their hands, like one click away from their hand. So I think people should love and have taken more interest in those things who have a strong sense of privacy and have less cost of swapping, like transferring from one to another.

In addition, the answer to your second point is that all over the world, the young generation including Mee, is just more attractive towards Bitcoin than Gold in terms of investment. And the reason for this is that Bitcoin is one of the only assets that, due to its volatile nature, has returned high amounts in a short period of time on investment. While Gold has less volatility and its investment return is long, that too is not as high as Bitcoin gives. It is true that Bitcoin is a highly volatile asset, but a short time gives a big return to the investor. For example, in 10 years Bitcion has given a 227x return to its investor while gold has only given a 2x return in 10 years.

So Bitcoin is digital gold; it has far the best quality from all perspectives, including expected volatility. And the interesting thing is that bitcoin is better than gold because of their volital nature.

I do believe that you are right and in todays world Bitcoin is far better than gold. When we have so many improvements and developments at every part of our world, why would we have just the same thing with the money side of things? Of course we are going to get better results without a doubt, and that means that we are going to face people who will prefer bitcoin.

This usually depends on the age as well, because if you are young enough then you were born into bitcoin world, someone who is 20-25 year old today, grew up in a world where bitcoin was already quite famous. But if you are 80 years old, expecting you to understand let alone invest into bitcoin would be naive. This is why we are going to get more and more bitcoin investors in the future.

3kpk3

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I don't think BTC will ever surpass gold in terms of popularity. For example, some countries depend on gold more than their own FIAT currency thanks to it getting devalued due to inflation etc.

BTC will continue rising in popularity over time for sure, but it will never overtake gold in my opinion.

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Quote from: inashed on March 29, 2024, 08:23:30 PM

Quote from: WeThePe0ple on March 29, 2024, 04:13:36 PM

Can anyone here name 1 quality that gold has, while bitcoin does not have it?

Gold has value by itself as its used to do stuff and so its value is derived by the fact it has value by itself and its limited amount, bitcoin have value because people believe (because of its features, like half of the remaining coins being mined every 4 years) that it will have monetary value.

Bitcoin and gold are relatively easy to purchase,since there is a ready market for both,but gold has the edge because there is an established way of trading gold.

Ale88

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Quote from: Vincom on March 26, 2024, 08:21:50 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?

I am way more interested in bitcoin rather than gold: I understand gold is a reserve of value and it also goes up in value but right now bitcoin has way more space to grow compared to gold, so the choice is clear for me. And in general, yes, I do think bitcoin is more attractive than gold, at least among younger generations. Lastly, I think people like Peter Schiff are just too stubborn to change their mind.

danadc

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Bitcoin is the action that has the most fiduciary value above gold, and it is an asset that will continue to grow more, with respect to gold it is not whether it is more or less, gold has more history, bitcoin its history goes back to the 2009, so these types of things are what must be analyzed before being able to issue any opinion, it is valuable to have both, gold and bitcoin, gold can now be owned by any person digitally, in many ways, in the stock market or in other ways. crypto that are digital gold, but many times we have come across some stories or some articles that say that digital gold is Bitcoin.

But here the important thing is to know how to differentiate between the two, both are money and represent it, and each one has its corresponding value, gold represents security in the traditional economy and bitcoin represents current and future security.

inashed

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Quote from: WeThePe0ple on March 29, 2024, 04:13:36 PM

Can anyone here name 1 quality that gold has, while bitcoin does not have it?

Gold has value by itself as its used to do stuff and so its value is derived by the fact it has value by itself and its limited amount, bitcoin have value because people believe (because of its features, like half of the remaining coins being mined every 4 years) that it will have monetary value.

Vincom

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Quote from: bluebit25 on March 29, 2024, 11:59:39 AM

The fact that the comparison between Bitcoin and gold is irrelevant has been stated. Because each of these two asset classes has its own characteristics, which should be taken into account depending on investment goals and risk preferences.

This point concerns the prospect of diversification through holding both Bitcoin and gold as being reasonable. Mixing high-risk assets with low-risk investments into one's portfolio provides a balanced mix of growth potential and safety. However, this is only my personal opinion, after all, everyone has different ways of playing.

The differences between gold and BTC can be referenced from many sources. I just want to point out the potential that BTC has become more attractive than gold as an investment for institutions, companies, and even countries. I think this is an important step towards the acceptance of BTC in the financial market and in the investment sector.

Currently, investors are often advised to diversify a portion of their portfolio, around 5-15%, into BTC or spot BTC ETFs to achieve higher returns while still managing risk well. This is similar to what may have happened with spot gold ETFs in the past. BTC may be outperforming gold in terms of attractiveness and popularity.

BlackHatCoiner

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Quote from: Vincom on March 28, 2024, 08:25:41 PM

This is one of the answers I've been waiting for, at least someone believes in gold more than BTC and lets people know his clear point of view.

You're kidding me, right? It was just a joke of mine. I'm obviously not invested in gold given the fact that I'm writing in a Bitcoin forum, presenting arguments of bitcoin being superior in every property comparably to gold.

Quote from: WeThePe0ple on March 29, 2024, 04:13:36 PM

I can't. Some say it's less volatile but that's just because it is more known.

It's less volatile for two reasons.

Bitcoin supply cannot increase with increased demand. This means more intense price fluctuations.
Probably just speculation of mine, but central banks and governments holding most of the gold makes it difficult to create the same kind of market volume as with bitcoin.

Hypnosis00

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Quote from: bluebit25 on March 29, 2024, 11:59:39 AM

The fact that the comparison between Bitcoin and gold is irrelevant has been stated. Because each of these two asset classes has its own characteristics, which should be taken into account depending on investment goals and risk preferences.

Whether you like it or not these two different assets are not now the most attractive investment in the world today. Some people are selling their goals for Bitcoin and it means that people have more positive insights for Bitcoin than Gold.

Quote

This point concerns the prospect of diversification through holding both Bitcoin and gold as being reasonable. Mixing high-risk assets with low-risk investments into one's portfolio provides a balanced mix of growth potential and safety. However, this is only my personal opinion, after all, everyone has different ways of playing.

Yes, having the two, is the better idea. Gold has been known for its continuous price increase yet very slow while Bitcoin has to be known for its rapid growth but the risk is too high due to the stability of the price. That is to believe that high risk-takers will choose Bitcoin but low risk-takers will choose gold alone. But whatever we choose, both of them are worth investing in and profitable.

WeThePe0ple

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Can anyone here name 1 quality that gold has, while bitcoin does not have it?

I can't. Some say it's less volatile but that's just because it is more known.

The other way around, BTC is much more divisible making it much more suited as a means of payment.
It's also easier to carry and transport in safety.

$weetne$$

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Quote from: Tmoonz on March 29, 2024, 09:24:51 AM

The world has gone far globally digitalize such that Bitcoin has proven to be the best option when it comes to the world digital asset class and I don't think it will be necessary making any comparison of any kind, Bitcoin has gain more widespread adoption across many countries and it is still at it's newest age not to talk of when it will become more older. Thou there are still people who will value gold over Bitcoin with their reasons and perspective and every man will stand for what seem best for him.

People who value gold more than Bitcoin are those that still think that Bitcoin is a scam and it's going to die very soon therefore they don't want to risk investing into Bitcoin then lose all their investments when Bitcoin vanish as they think but they are not thinking well because Bitcoin isn't going to crash or vanish. Bitcoin is more attractive than gold because Bitcoin is decentralized and can also give more profits than gold. If you had invested same amount into Bitcoin and Gold since the start of the year, you would had made more profits if you invested in Bitcoin as Bitcoin always outperform other types of investments eveytime even in the bear market years as Bitcoin is a more attractive investment to investors that are just starting life and those are becoming a big part of the global markets.

AnonBitCoiner

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Quote from: bluebit25 on March 29, 2024, 11:59:39 AM

The fact that the comparison between Bitcoin and gold is irrelevant has been stated. Because each of these two asset classes has its own characteristics, which should be taken into account depending on investment goals and risk preferences.

This point concerns the prospect of diversification through holding both Bitcoin and gold as being reasonable. Mixing high-risk assets with low-risk investments into one's portfolio provides a balanced mix of growth potential and safety. However, this is only my personal opinion, after all, everyone has different ways of playing.

I think we should make our own thoughts based on experience and knowledge and instead of wasting time on making comparison between them we have to choose any one of them in which we trust most and hold it until it satisfies our needs. If someone wants to check out the most successful asset then he should divide his cash to put into both so he can find the result and then enhance his investment in most profitable assets.

I think for gold investments we don't need excessive knowledge and have to buy gold for lots of years until it multiply in cost to provide us payback whereas we have to keep check on price chart for bitcoin movement for buying more and more and prepare our bags for bull season.

bluebit25

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The fact that the comparison between Bitcoin and gold is irrelevant has been stated. Because each of these two asset classes has its own characteristics, which should be taken into account depending on investment goals and risk preferences.

This point concerns the prospect of diversification through holding both Bitcoin and gold as being reasonable. Mixing high-risk assets with low-risk investments into one's portfolio provides a balanced mix of growth potential and safety. However, this is only my personal opinion, after all, everyone has different ways of playing.

Topic: Has BTC really become more attractive than gold? - page 6. (Read 1804 times)