Topic: Has BTC really become more attractive than gold? - page 8. (Read 1918 times)

I have been saying it for years. BTC is way more attractive than gold in terms of investments. Gold is overpriced because people have been using gold as jewellery for millennia, but in the last years it goes more and more out of fashion. And it's only a matter of time when gold will be replaced in all its electronic applications.

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.

• Are you investing in BTC or gold?
  ( Well of course I invested in BTC. Although maybe I am a little late but I am increasingly excited to invest more in BTC. )
• Do you think BTC has become more attractive than gold in the investment sector?
  (I belong to the younger generation who is actually less interested in gold than BTC. So for me Bitcoin is clearly more attractive in the investment sector too.)
• Have people like Peter Schiff accumulated a lot of BTC while still badmouthing BTC in the media?
  (I think he collected them a long time ago. Unless he is too late to understand the potential of bitcoin itself.)

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.

I invest in Gold and Bitcoin since both are useful for traders and investors, you just need to know how to work your way through them. As we know, Gold can't give HODLers enough money just as the high price of Bitcoin now, this is why I primarily trade Gold aside from the physical asset that I have and shun holding it. Nonetheless, I've started buying Bitcoin at around $19,000 if I average all my striking points. But now, I only trade it in futures once in a while since the price is discouraging to invest and hold. As for Gold, I trade it daily with online brokers and I can say it is the asset I trade and earn most from in the financial market.

You can see none of them is useless, it just depends on your plan.

Yes, you can invest in Bitcoin at a low price and keep it. By this, you can easily gain x5 of your money in a year plus. But you can't do that with Gold. You are better trading it to earn from it.

I like to respect people's thoughts and opinions. The experts in the financial market field will think differently about Bitcoin and you can't blame them for it. But these days, a lot of them are now shifting grounds because Bitcoin is now behaving better like an asset, and with the gradual relevance it gains, it is a good reason for them to begin to change their stance.

Specifically, about Peter Schiff's regular remarks, I so much agree with him and I must say that he thinks like me. Notwithstanding, every sensible economist who is also futuristic should now be positive about Bitcoin for the obvious reasons around us.

I am the only one in my family who chose bitcoin, my parents, my wife, aunts and uncles they all chose gold and real estate, even though they knew very well I made a lot of money investing in it.

Yes, you are right, we should not deny that bitcoin will not be more popular than gold and still cannot surpass gold in some aspect. Gold is still considered the safest option to date and is sometimes preferred over real estate. We cannot yet confirm whether bitcoin will beat gold in popularity in the future, but for now, bitcoin is still far behind gold in popularity.

just plain Bitcoin though  i still have my late grandmothers Gold set that being inherit to me but my own funds? is for bitcoin.

depending on which are we talking because if this is about asian people then I gues many are attracted in bitcoin.


this is just a Fake news , or popularization because they are trying to boost their name using bitcoin .[/list]

OP, in contrast, it is not a bad idea for one to invest in gold. As a matter of fact, gold has been in existence  long before Bitcoin inception but however, Bitcoin has taken over the market because of its accessibility and have shown itself to be the next phase of gold in a digital form or version of itself. Bitcoin is limited in number which is a very good point for price appreciation compared to gold which has millions of it in circulation which I believe might likely cause a decline in price value in years to come when Bitcoin is fully adopted globally.

In terms of safety and security, holding or investing in Bitcoin is more secured and safe to do compared to gold. As an individual, you can not go and buy gold on your own and store it personally without people knowing that you have such in your possession that is where the security risk comes in which is not so In Bitcoin. You can buy Bitcoin from any part of the world and store in your private wallet under your custody without any notice from any where. You can move about with it and no one to notice you. This is how Bitcoin is very much safe and secured to hold compared to gold.
I believe in a matter of time, Bitcoin would globally gain it's traction as it is expected to. Already there are.pro bitcoin group in various countries doing what the could do best to create awareness of Bitcoin within their capacity and I believe it would definitely yield fruitful results in less than no time.

Bitcoin is better than gold in terms of ROI, gold doesn't bring insane profits back to investors like Bitcoin, the ROI wise is so marginal that it makes gold look less attractive, many people today will prefer to sell their gold for Bitcoin, or have less gold and more bitcoin.

The only advantage of Gold is less volatility, unlike Bitcoin which can retrace marginally, the right store of value is still gold in this case but Bitcoin can also be used as a store of value, it's just that when you need money fast you can end up selling your bitcoin for loss, but with gold, the price will still be better.

Mind you, if you rush to sell Bitcoin it depends on its present value at the time, it can favor you even more since the price goes up and down, but it is best to only invest money that you won't need for much months to come on bitcoin because as time goes by bitcoin do add more value.

I don't think it is close to being more popular than gold, think about this, even though bitcoin's got a lot of press and online presence, the thousand year history of gold is still the biggest factor as to why bitcoin can't defeat gold in terms of popularity or attractiveness as an investment, my reasoning for this is because if you ever ask someone that has no idea about bitcoin or probably got some idea what bitcoin is but they didn't care about investing in it, they'd choose to invest or take the gold instead of bitcoin 10 times out of 10. Some might say that I'm wrong but you can probably test it out and people would choose gold over bitcoin even if you tell them that bitcoin's got more potential in growth.

What difficulties do you encounter in the process of buying physical gold and what are those difficulties? In addition, based on what do you think that buying gold can easily lead to scams? And buying bitcoin will never get scammed? are you sure?

Bitcoin becomes more attractive to you or me, simply because we don't have a lot of money, we only have a very small amount of capital but want to get rich quickly. That's why we choose bitcoin because no investment will make us rich faster than bitcoin.

Whether Bitcoin has become more attractive than gold depends on individual investment goals, risk tolerance, and perspectives on future economic trends.

Some investors may prefer the relative stability of gold, while others may be drawn to the potential for high returns from Bitcoin.

1) Btc and gold is never a comparison in the first place. Although gold is also a volatile assets but as time goes on it depreciates In Value just like women will be beautiful at a tender age and becomes outdated when they get into marriage age they became choose of ok only few. While bitcoin is like a man who is not updated no matter the age. They even become more attractive when they have money in their hand. In conclusion btc is more profitable than Gold. Gold price can be predicted and has a limit but Bitcoin price is unlimited. And also Bitcoin can be traded through online P2P without stress but gold requires physical p2p and that would delay your purchases.

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.

For the people who had known about bitcoin, this has been an attractive investment. Even now, not many people are aware of bitcoin. This means people are very used to gold investment, and in some parts of the world, rather than considering gold as an investment, there are people who keep buying gold to show their wealth by wearing gold ornaments. So, we can't be conclusive on this. However, with the digital generation and the need for transition, the world is moving towards cryptocurrency. I hope someday everyone gets attracted to it.

These are just my simple questions, I welcome everyone's opinions. Please don't be limited by the question, I believe that everyone's perspective is actually more interesting than what I can imagine.

Someone has chosen gold, and I have also read their interesting opinions on choosing gold for investment. I am a fan of BTC so I want to hear the views of gold investors even though they are participating in the Bitcointalk forum.

I want gold but it seems that the qualities of gold that I've been looking forward before can be seen with BTC this time. And that's why if I am going to buy with some money, I'd do it with BTC instead of buying gold. Although gold has a significant long history of its valuation and it's still here up to this time, we're on the modern times where finances are changing together with assets and it seems that they're all combined with Bitcoin so for me, it's better to go with Bitcoin than gold at these times.

Just consider also the fact that a large part of the population are still hesitant to go into crypto. So we can't expect them to invest on this market. They will more than likely prefer gold over bitcoin, which for them is more familiar to venture into.
But for people who are into crypto, definitely, they can see the advantage of holding this currency. As the volatility is still the main reason why this market is attractive to investors, crypto investors will surely take advantage of this feature.

There are decent arguments on both sides.  Gold has been around forever.  But Bitcoin, this new kid on the block, keeps defying expectations and making holders excited for the future.  
This article: https://www.fool.com/investing/2024/03/01/bitcoin-vs-gold-which-one-is-a-better-investment/ offers a good breakdown of the pros and cons of each.

It is difficult to say whether Bitcoin really becomes more attractive than gold. I think we will need at least another ten years to make a fair comparison.

Both assets have their own advantages and disadvantages. BTC is indeed decentralized and easier to transport (for example if you move you can easily store your Bitcoins on a stick), while gold is a more stable and tangible asset. BTCs volatility can make it challenging for some investors, but it also offers the potential for high returns. The choice between the two depends on an individual's investment goals and risk tolerance.

Btw, I miss a third option in the survey, voting for both.

If we are talking about the chance to get higher profits, I can agree that Bitcoin is better than Gold. But if we prefer to have stable value of investment, I think Gold is still a better choice. Bitcoin can offer higher profits but it also has a higher risk. However, no investment has no risk, even Gold also has a drop in price. Luckily, there is small chance to have bad news in Gold. It is different with Bitcoin, there are always too many FUDs. It is not very surprising if we suddenly find out FUDs about Bitcoin in any social media or news channels.

Well, I also hope Bitcoin can be more attractive for any one. I see more people have tried to join Bitcoin investment. As long as there is a positive news such as ETF market for Bitcoin, I guess Bitcoin will be a more convincing asset in the future.