Topic: Has BTC really become more attractive than gold? - page 7. (Read 1932 times)

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.

Both gold and bitcoin are good enough for investment but if the nature of investment is considered in both cases especially in case of gold then it must be said that investing in gold is safer than bitcoin. If we come to the country wise discussion then the matter is very clear because Bitcoin is not accepted in all the countries of the world but gold is accepted in all the countries of the world. in goldThere will be no ban if you invest but if you invest in bitcoin there will definitely be legal ban and especially in my Bangladesh if you invest in bitcoin you have to get involved in legal trouble while if you invest in gold there is no risk. But another thing is not to say that the way the world is currently increasing the popularity of Bitcoin, people will be interested in investing in Bitcoin more than gold.

The reason why Bitcoin has achieved this mile stone is because Bitcoin is decentralized digital assets which anyone can buy, there is not anything like fake Bitcoin out there but when it comes to gold, you have to follow the normal procedures and protocols else you risk buying fake gold that might not be pure gold and you will lose  your money because nobody but fake gold.

Another advantage why Bitcoin has achieved a lot is because of the exchanges, if you want to trade Bitcoin, you don't have to leave the comfort of your home, there are plenty of exchanges which you can trade your coin instantly without any delay and some exchange can help you convert your Bitcoin to fiat directly to your bank account but but gold is a physical asset which you have to take to either a real Bitcoin buyer or some pawn shop to exchange your coin, your might not be able to sell at the real price unlike Bitcoin that is easy and safe within your house.

It's true that this is very evident today, in fact it is said to be accelerating very fast regarding global digitalization which is very high and there are many people interested in it from all walks of life, in fact both are equally valuable, the only difference is that they are physical, one is in digital form and the other is in the form of objects, but the advantages are the same. it is a long-term investment, it all depends on how the holders like to use it, it's just that gold tends to be cheaper at the moment and is very different from Bitcoin as the years go by, the price per 1BTC will become more expensive.

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.

In addition, we should also respect each other because each person will have different preferences, even if bitcoin is better than gold, if they don't like bitcoin and choose gold, there's nothing wrong. Don't be an ugly bitcoin investor, when we try to compare bitcoin with all other assets and say bitcoin is the best and hate those who don't like bitcoin. This is what I see in some bitcoin investors, they are willing to criticize someone if the other person doesn't like bitcoin.

We know that from ancient times gold has been used as a standard for money ok that's good for that time but for now Bitcoin is more progressive than gold. I would like to tell you a simple maths which is only for the understanding. Took gold similar to one coin of Bitcoin and then provided the value of both, as compared to gold Bitcoin has a much higher price and it's proven that a single coin of Bitcoin has a much higher price than a large quantity of gold. This is just for the understanding. Now from time to time, things evolve people used to exchange something to buy the things they wanted , gold coins came and after that Paper currency which is using everywhere similarly Bitcoin is the new form or mode of currency which shows that Bitcoin is much stronger than gold and attractive. So investing in Bitcoin is much better than gold.

1. Of cource I am more interested in Bitcoin than Gold. The precious metal is just my option of investment because my main investment would be Bitcoin.
2. Yes! Bitcoin has become more attractive than gold in the investment sector because more and more institutions and billionaires prefer to invest on it rather than gold though some of them has both but the stability of gold will give less profit for them compared to the volatile Bitcoin.
3. I am not familiar with Peter but that what he is doing might be a diversional tactics to create FUD so he can buy and fill in his bags. I might be wrong but that is possible. 

Yeah, 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.

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. Everyone has the right to choose their own investment assets, freedom is one of the values that BTC always encourages.

I am interested in the actions and words of BTC anti-fans because if they act contrary to their words, what they say will no longer be really valuable and we will not need to care about them anymore. We will no longer have FUD news on the market talking about the worthlessness of BTC or announcements of the 1000th death of BTC on the media. For BTC fans, this is not really important, but for less experienced investors, such news has a strong impact on their investment decisions, they may leave the crypto market just because they believe in the statements of a celebrity.

Regardless of which one people pick, I think both are a good choice, bitcoin suits more those that are willing to take higher risks and can accept the responsibility of holding their coins when there is a strong correction, gold on the other hand is more stable but it also requires more time to grow in value, what people cannot afford to do is to keep holding large amounts of fiat, since they are allowing themselves to be robbed by governments thanks to the inflation tax.

Comparing both bitcoin and gold is not necessary, I have seen similar argument concerning gold and bitcoin. Both investment choice has pros and cons likewise other investment. Going for bitcoin seems difficult for most people due to the volatile nature and even with this features bitcoin still stands strong so I believe bitcoin is a top choice, gold also has an amazing feature but an investor can choose both as an investment choice if only an investor has the resources to keep up with investing. Investing in bitcoin now is everyone's target, buy and hold but I don't think I can keep up with both investment so I invest only in bitcoin.

Pretty obvious on whose really that performing well and come to think that we are just a decade+ of existence then we have seen that growth when it comes to value but actually there's no point on having such comparison. Why? We know that Gold and Bitcoin arent something similar. It is really just that people around do really love on tying things up as if it was really something that good to compare into.
Why would really be making yourself that getting stressed into this matter if you could really be simply be able to invest on both things then you wont really be having that kind of doubts in mind
on whose better. 

Honestly, ive been also keeping up my gold possessions too at the same time i do have made out some investment on Bitcoin or crypto and other things as well like stocks which are really that good
on holding up for long term. It would really be just that actually be depending into your capacity on investing on which not all would really be that bale to do so. It would really be
something situational i should say.

Both are advantageous as both possess higher demand, higher cost as well as huge success so we should choose it according to our needs and knowledge. People are choosing bitcoin more often because it's price is elevating rapidly and current demands for bitcoin is higher because of coming halving.

Bitcoin is successful but we can also not ignore the value of gold as it is a successful assets that persists for years. People are still buying gold at larger number because its Fluctuations are less than that of bitcoin so buy both and take the advantage from both.

and there have been countless threads on the forum here comparing the two and their merits.

TBH I cant see the merit of owning Gold other than that its price moves in a very kind of controlled
way compared to Bitcoin. Its said that the Gold market is controlled? The market has had a range
of €400 from low to high in the last year, from $2000/oz down to $1800/oz and today at $2200/oz.

At todays price I can trade my Bitcoin and get 1KG of Gold, but I would like that actual thing, not a
certificate to say I own 1KG but wait I'm flying to another country and would like to take it with
me but that wont be allowed and how do I keep it safe?

How would you feel if you held 30% of your wealth in Gold while another 30% is appreciating so
much in Bitcoin? a non-performer v's a super performer.

Yup Bitcoin is definitely more attractive than Gold.

So far, I have invested a larger portion in Bitcoin than gold because I have seen how much profit I can get from Bitcoin. Investing in Bitcoin is more attractive than gold because of the difference in Bitcoin prices which can provide big profits. However, investing in Bitcoin carries risks that unprepared investors may not be able to face.

Maybe gold is the second choice for investors already familiar with Bitcoin. They focus their investment on Bitcoin because they have seen Bitcoin's journey over time. That is why they are still collecting more Bitcoins because they still want big profits from investing in Bitcoin.

But we don't know how many Bitcoins are owned by people who invest in Bitcoin. That is a secret for each investor because they will keep their Bitcoin without other people knowing.

I'd assert BTC and gold are merely two forms of the same ideal, and both are worth having exposure to.

• I'm all into gold. 
• Yes. Gold is just bitcoin you can't send over the Internet. Jokes asides, bitcoin inherits every characteristic of gold that makes it a store of value, and it adds on itself flexibility of transfer, provable money supply, much lower costs of transfer, and censorship-resistant, borderless transactions.
• How should I know such a thing, and why is it important?

Everything has pros and cons, and having full control of our money through bitcoin also has worrying disadvantages as you mentioned. Meanwhile, gold is too bulky and we have difficulty hiding it from others. Diversification is something we should do, and the more diverse we are, the better it is for us. Not only gold, real estate, stocks... are all good solutions to diversify assets.

Most say they wouldn't need gold, but I believe if they had a large amount of money, they would know how important diversification is.

Not surprising to see that since even me I am the only one in family who choose bitcoin all of them select those traditional assets since they think its more safer rather than selecting those unknown to them. I can say that they are quiet doing well with their investment since they know what they are doing and same with me they see that I am fine also earning that's why there's no negative thoughts or dialogue happen. Its just investment situation depends on people like or expertise that's why we can't question people why they like gold or bitcoin since its their choice to choose what can give them good security. We cannot confirm if bitcoin defeat gold but one thing is for sure bitcoin dominance is growing and it became more famous to a lot of people especially that price of bitcoin still growing.