Topic: Hold Bitcoin VS Hold Gold (Read 1052 times)

Yes, I get you. Bitcoin and gold have global positions. Its like investing in real and virtual things, and sometimes individuals don't know what to do. Many people, including me, like bitcoin.

Bitcoin does demand effort, and every four years it rises! Its not simply waiting. Its also about knowing when, how, and other seemingly little things. This is Bitcoin's attraction. Complex but simple, dangerous yet safe. It costs a lot but not much. You follow? I think we're all in the same boat with bitcoin and must ride the waves.

The big difference is that bitcoin is a digital asset, while gold is tangible. Both have their pros and cons. Bitcoin can multiply several times and make you rich, while gold will keep your money, if it is not stolen of course. If the Internet and the entire digital space collapses, then bitcoin will end, and gold will continue to exist. These things are hard to compare, each has its own strengths and weaknesses. I would use both

I used to be a little familiar with gold because my parents taught us to save assets in gold not in savings, but after I grew up there was a condition where friends introduced bitcoin to me and finally tried bitcoin investment. What I see is that the two have something in common in terms of retaining value and are less affected during inflation or recession, so people call bitcoin digital gold in the current situation. I found the difference in terms of profiting from both differently and gold tends to be more stable and not as volatile as bitcoin.

And I've noticed that gold is slow to make big profits and the price tends to be stable and not as volatile as bitcoin, whereas bitcoin is quick to make profits if you take four or five years of holding the same example. Therefore, now I prioritize bitcoin as an investment asset even though I am still investing in gold because both are still potential enough to be invested now and in the future.

In the end, it is up to the individual to decide where to invest the funds they have. Because both bitcoin and gold are very good investments, all that remains is to analyze them first according to their own situation because they will be different from each other.There are those who are used to investing in gold from the start, but with the current developments, there are also those who have started investing in bitcoin.Always, when investing in either gold or bitcoin, there will be good and bad sides, and just adjusting to one's own situation will make it easier, and there will be trust.
I would obviously prefer bitcoin, but it really takes a lot of money and patience to have because this is a long-term investment. Don't panic quickly because situations change quickly, but every 4 years there will be an increase.

real estate has brought in more money during this time.

gold hasn't really gone up in value in the last 3 years just bumbling around. if you bought in 2014 at $1300 you might have a small profit if you could sell it for around $1900 right now. I say small because that's alot of trouble to go to just to make a couple hundred dollars. Subtract your expenses for storing it, transporting it, etc. It's a hobby unless you buy alot of it.

While seeing gold has traditionally been seen as a means of maintaining the value of fiat currency, it doesn't necessarily grow your wealth. However, On the other hand, Bitcoin has the potential to significantly increase your investment and grow your wealth over time. With increasing adoption, Bitcoin has shown great appreciation, outperforming many traditional assets.

Anyone holding BTC can benefit from its long-term growth and take advantage of the opportunities presented by the fast-growing digital economy which also offers the prospect of not only retaining value but actively increasing investment, making it an attractive option for wealth accumulation.

I mean, I can hold both Bitcoin and Gold. There's nothing wrong about it. I will win in any case haha

Holding Bitcoin and holding gold are completely different. If you hold bitcoins you will be more profitable than gold. Because Bitcoin has high profit potential. Bitcoin is high risk though. If you don't want to take risk, you can hold gold. Because holding gold will yield small amount of profit and risk in holding gold is low. But if you hold Bitcoin, then Bitcoin will give you a chance to be quite profitable. Now, whether you want less profit with less risk, or more profit with more risk, is entirely up to you.

Bitcoin's superiority to gold as bank money is convincing. Bitcoin's decentralization and big rewards have attracted many. This isnt a zero-sum game, though. Bitcoin and gold can coexist. Bitcoin's pros and cons include regulatory concerns and cybersecurity risks. For its stability, investors like gold's centralization, which has pros and cons. Consider carefully your claim that Bitcoin holders nearly never lose money. There have been great successes and terrible failures. Blockchain technology may lead to new financial structures and investments.

It is usually a personal preference. Both BTC and GOLD are considered inflation hedges. But, Bitcoin is more volatile than Gold. Gold is used around the world for this purpose, but BTC is new to this scenario. The decision whether you Bitcoin or Gold should be aligned with your purpose of investment. Do proper risk analysis before making a decision.

Hold Bitcoin is more favourable than hold gold, because Bitcoin is a decentralized currency which is not control by government or state before it will pump higher or decrease compare to gold that is a centralized currency which is control by government in the country. If you can hold Bitcoin like 5 or 6 year, you will not invest your money on Gold because the huge amount of money you will make in that 5 or 6 year, it will be difficult for you to make such amount of money from gold. It hard for Bitcoin holders to experience failure in their holding, because there are short term holders and there are long term holders, and they are enjoying income from their holding from the beginning of this year till now compared to gold holders who are still struggling to make little income from their holding this season.

if you really have sufficient funds, I think it is realistic what you say to hold both, there is always one of them that might be better than the other, if both can be good, this is clearly a gift to be grateful for.
actually it is true that investment is not only for gold and bitcoin because there are many investments that are also very attractive as you said, namely property, because usually the increase that occurs is very tempting, although it may not be high due to wrong buying in a bad environment.

The two are often debated which one is better to hold. if you can do both why not? Just be realistic, when doing business, we don't just rely on 1 income, right? Even more so in investment. I personally prefer money management with diversification. So it's not all in one on one investment like only Bitcoin or Gold. So there is some money for Bitcoin, some for Hold, some even for others such as property and others. Because after all, each has its plus and minus sides that we can take and consider.

I don't think the compare is correct Because Bitcoin and gold are two different things, one is a physical asset and the other is a virtual asset and also regarding Bitcoin investment is high risky because of it's volatilities from the gold. But in case of gold it's kind of different gold is one of the best asset. It is much more stable than Bitcoin, but due to the volatility of Bitcoin, it will not be possible to earn the same profits as with Gold. volatilities are one of the strong power of bitcoin.

Indeed! Many in the financial community want to make analogies between Bitcoin and gold, but this is a bit of a "horse and cart" problem. Bitcoin's extreme volatility may make a savvy investor richer than King Midas. Isn't the element of surprise a big part of the allure? The promise of exponential growth in a short period of time is enough to get anybody excited (with appropriate caution, of course).

However, gold is more like the turtle in this situation. Small but continuous improvements over time characterize this approach. To paraphrase an ancient adage, it is "as sure as gold" in that it is predictable, making it a good way to protect oneself against economic instability. However, the "tortoise" should not be written off just yet. The value of gold has been preserved throughout many decades. Bitcoin? You might say its in its "teenage" years now. It has great promise, but it hasnt been put to the test over the long haul, so it might fail.

If we look at history, we definitely prefer gold, but if we look at profit, we definitely choose Bitcoin, looking back at history, we have been fooled with paper currency. Besides, bitcoin and gold actually have different instruments, so it's difficult to compare between the two because they have different goals, the analogy is like an F1 car compared to a limousine.

Keeping gold in physical form is the safest and best instrument, the only drawback is that it can be lost, stolen and requires a safe storage place.

There is only one shortage of bitcoins and it is fatal. if one day it happens that the sun emits an electromagnetic storm to the earth and electronic devices cannot be used anymore.

I agree with you that gold is quite low in volatility and is a safer investment for those who doesn't take risks in their lives. But, only the ones who have a lot of money can earn good revenue from gold, and if someone who doesn't have a lot of money to invest in gold then that person won't be able to earn enough good returns from gold investment. For example in place where I live you will have to invest at least $50 or more to acquire some gold, while anyone who knows about Bitcoin could literally invest even $10 without any issue. Let's say that people who invested money in gold in the early days of 2023 when its price was around $1813 per ounce, and the current rate of gold is $1930 per ounce. The return on their investment is around 7% only, and that's nothing compare to the returns of the investors who invested in Bitcoin.

The investor who invested a little amount of money into Bitcoin has higher chance of gaining good returns from the investment then the ones who invested in gold. I know there is risk in Bitcoin investment, but if someone knows the crypto-market very well then the risk is highly reduced. If someone who is well aware of crypto-market will accumulate Bitcoin when it's price is low, and he/she will sell the coins when the price is high. Let's remember those people who invested in Bitcoin in early days of this year when its price was below $16.7k, and the current price of Bitcoin is $30.56k per Bitcoin. The return on their investment is around 80%, and that's way higher than the ones who invested in gold.

Throughout its history, Bitcoin has seen tremendous price fluctuation. While it has provided significant returns for investors at times, it has also witnessed dramatic drops. The price of bitcoin is affected by a variety of factors, including market sentiment, legislative developments, technological improvements, and macroeconomic situations.Its great profit potential is due to the likelihood of significant price appreciation in a short period of time. However, because of the market's volatility and uncertainty about its long-term prospects, this profit potential comes with higher risk than gold.

both differ in the risk management that must be carried out by the holder. Gold has a smaller risk of market volatility. I don't see which is more profitable. but if you talk to those who hold gold and don't really know Bitcoin, then they will prefer Gold because of the small risk. but if this question is for those who hold Bitcoin and Gold, maybe there will be an answer which is more profitable.
if we speculate on the time frame in investing, we also cannot see which future will be more profitable. it could also be that the price of Bitcoin in the planned time is also not as expected. we can only see what has happened in the past. however Gold has also seen a nice increase for the holder.