Topic: Hold Bitcoin VS Hold Gold - page 2. (Read 1048 times)

Well, I agree that Bitcoin is a risky investment but the rewards it gives are way better than gold. The volatility of the Bitcoin makes it a good investment for those investors who have mastered the volatility of the crypto-market, on the other hand the ones who hold Gold then they will have to wait for decades to get any good benefits from its low volatility. If someone who invests money into Bitcoin and hold that investment for 2-4 years he/she could profit a lot form the volatility of the market, while the one who holds gold for 2-4 years then there is very low chance of any substantial profits.

📊 Market Analysis - July 2, 2023

Bitcoin is spending the weekend in a sideways movement, gathering strength for a new push above $31,000. As I mentioned before, we are in an upward trend, so I anticipate the potential for new local highs in the medium term.

On the news front, the situation remains unchanged, with positive developments such as the launch of ETFs and crypto custodian services by major companies managing significant sums of money.

Today, our long-awaited meeting in Dubai will take place. We will discuss the current situation with colleagues and explore projects that have the potential for the highest returns.

👉 I will provide you with an update after the meeting. Stay tuned!

So far, maybe what you said is very true, that indeed both are still considered attractive investments and always have their own weaknesses and strengths. always that a very profitable investment can be ensured then a very risky investment and that is in bitcoin while gold has been relatively very stable until now. but the advantage of gold is that it is always used as a symbol of prosperity [in several countries] because it can be displayed in form and is very different from bitcoin which cannot be displayed by naked eye. so both of them clearly have their own share until now and it cannot be prevented from being used as an attractive investment, even though currently technological developments continue to develop.

BTC vs Gold, both have advantages and disadvantages, For example: If i am comparing risk then Bitcoin is risky investment if it's volatile, on the other hand Gold is 100% safe i think because there no chance to massive decrease it's price i did not see in the last a couple of years.
If BTC is risky so it's also big profitable investment but gold increases very slowly.

Bitcoin is the best to hold, because Bitcoin has limited number of supply in the cryptocurrency market which is not much to people in the world, African alone can make the price of Bitcoin more expensive as long economy principle applied as a result of demand and supply concerned, therefore Bitcoin holding is more better and safe to hold than Gold.

No, the ones who are super rich will prefer everything. You do not become rich by investing into a single thing, when you have billions, you invest into gold, bitcoin and more importantly business. When you have that much money, it doesn't make sense to just buy assets like gold and bitcoin, it makes more sense if you end up spending your money to buy a share of a company, not a small amount of share like we would do, I mean like a chunk of it.

Like if you are super rich, why not get 10% of google, sure it would be pretty hard because that's a lot of money, but that's how they do it, and they even take a loan to do that. In the end, we should be considering growth as our only concern, and growth can be done with both together.

Good for you for having both. I wanna have gold but I don't think that I'll have it this time so, I should be fine and content with holding bitcoin.

That's good to hear, everyone should do what is working for them, and if both is a good strategy to have then follow it. But if you think that owning bitcoin only is the best then also do that and vice versa just as where we are confident doing these investments.

Holding Bitcoin allows owners to get bigger returns.
To expect big returns on gold is rare or more likely to be a bit. To prove it, it can be seen from the gold price data on an annual basis.

From its history, we can indeed say that gold has existed since this earth existed while Bitcoin only existed in 2009 with its creator we know the name and we also know how much is available.
Gold has stable properties if used as an investment asset. Whereas Bitcoin apart from being used by many people for investment, Bitcoin is basically a type of digital currency that is decentralized as a global payment with peer-to-peer transactions as we know it so far.

Now.
Prepare your money and buy now before the bullish market.
Use the DCA method of buying Bitcoin if the effort you want to make is long term.

I personally just hold both. Bitcoin and Gold both have strengths and weaknesses. My Gold kept me sane during this bear market. 60/40 Gold/BTC, re-balanced once a year is a good strategy imo.

 They're both very valuable assets for one to have but the difference is that bitcoin is a physical asset while while Gold is physical and they both have their disadvantages in as much as they're both important commodities.

Disadvantages Of Gold
• it's goes down when their's an increase in stock.
• can be volatile over a short period of time.
• can easily get lost to theft.
• it has storage problems.
• it's price is dictated by international market.

Disadvantages Of Bitcoin
• bitcoin investment is not very easy to be understood by everyday people.
• there's no refund over loss in investment.
• easily used by scammers to defraud people due to a high lack of understanding by most users
• no stability in it's price.
• not widely accepted by people at large

It does not mean that if in gold you have benefit then you will sell all your comfort zone in which you live. territory should be kept constant while you can save you extra income in such a things which will give you profit.

Investment is just for the reason to save money and if time comes it will gives you more profit. House is a place where one can live his personal and private life so it does not mean that for money you will sell your comfort because money is not everything.

The debate between holding Bitcoin and holding gold as long-term assets is an intriguing one, with valid arguments on both sides. Let's delve into the topic and explore the potential benefits and considerations associated with each.

Bitcoin, as a digital currency, offers unique advantages that have captivated many. Its decentralized nature and cryptographic security provide a level of transparency and immutability that is unparalleled. Bitcoin's limited supply and the concept of digital scarcity have contributed to its value proposition as a store of wealth. Furthermore, its global accessibility allows for seamless cross-border transactions and financial inclusion.

In terms of growth potential, Bitcoin has experienced significant appreciation over the years, making it an attractive option for those seeking substantial returns. The dynamic nature of the cryptocurrency market can offer exciting opportunities for capitalizing on price volatility through strategic trading or long-term investment.

On the other hand, gold has stood the test of time as a tried-and-true store of value. Its tangible nature and widespread recognition give it a sense of stability and trust. Gold's historical role as a hedge against inflation, economic downturns, and currency devaluation cannot be ignored. It has demonstrated resilience over centuries and has served as a safe haven during times of economic uncertainty.

Additionally, gold's scarcity and industrial applications provide inherent value and make it a sought-after commodity. While gold may not experience the rapid appreciation seen in the cryptocurrency space, its price tends to be relatively stable over the long term, offering a reliable store of wealth.

When deciding between holding Bitcoin or gold, it's crucial to consider individual circumstances, risk tolerance, and investment objectives. Both assets have their merits and can play complementary roles within a diversified portfolio.

Diversification is often recommended as a risk management strategy. By holding both Bitcoin and gold, investors can potentially benefit from the growth potential of Bitcoin while maintaining stability through gold's historically established value. This approach allows for exposure to different asset classes and helps mitigate the risks associated with relying solely on one investment.

Ultimately, the decision between holding Bitcoin or gold should align with your beliefs, financial goals, and risk appetite. Careful research, understanding market dynamics, and seeking professional advice when necessary are crucial to making informed investment decisions

Both are good, one with more time in the financial market than the other, but just as powerful. Gold has established itself so well that it has become a reserve in many countries, due to its reliable stability, while Bitcoin despite the fact that it has gained value in a short time, has not yet been able to position itself as an option of this type, but it is for For several reasons, it is a decentralized digital currency and not a physical one so it is difficult for them to trust, because they do not know how to handle it. When we focus on investment, we must be ingenious and know how to carry out this operation in both cases. It is essential that people educate themselves in these areas, so that mistakes are not made most of them not knowing about finance and everything related to it end up failing. But both are great options.

That's true, but I wouldn't be putting all kinds of stocks in one bag. Certain types of stocks can perform quite well even during uncertain periods, although yields don't tend to be too high on those.
What you're describing is more true for overhyped growth stocks, where a large percent of the value is based on high hopes of future developments, rather than on actual current value and results.
And publicly traded companies don't go bankrupt overnight. You will have many signals and warnings before that happens.

Well, stocks aren't at all prudent during critical periods like the one we're going through, because they're a roller coaster and they're not a safe haven for any reason, on the contrary.  A company can go bankrupt at any moment and the stock plummets or they find the CEO in his underwear running down the highway and the stock plummets...gold can't go through that unless a gold meteor the size of Kansas it hits us in full ... at that point the problems will be others.

It is true that Gold is traditionally considered a safe heaven investment during hard times, such as regional conflicts/wars and economic depression like situations. However, the returns on Gold investment during the past 10 years have not been as lucrative, when compared to alternative options like Bitcoin or stocks like Amazon, Google and Apple. Despite this, it is prudent choice to include Gold in our investment portfolio for diversification and risk mitigation.

Who says gold is getting outdated? Gold cannot get outdated as long as there is another metal that can replace it or can be used instead of gold in creating jewelry or other stuff in which gold is used, and the price of gold does increase, maybe not as quickly as Bitcoin's because it's a volatile asset and depends on the investments since it has a limited supply so when it's demand increases, it increases in value, but I wouldn't call gold outdated or not a good investment option.

If I have both gold and Bitcoin stored somewhere safe and you ask me if I will hold my gold longer or Bitcoin, I would definitely hold the gold longer than Bitcoin because I know that the price of gold won't just dip after reaching a certain point and it will keep increasing despite the small drops which aren't significant, while I know that the price of Bitcoin can fall any time as we have seen it happening.

If governments continue to print money, which they definitely continue to do, then gold will be the tool that will definitely save your funds from inflation, and it is not as much subject to falls as bitcoin, it is not as critically affected by all kinds of crises, that's what I like gold. Bitcoin also has a number of its advantages, and no one forbids us to get the advantage of these two assets.

LOL, it's not that easy. I've checked the price of gold and even rose to almost 100% in more than 10 years, that means it's a very long time, which means, if you have $ 1000 in gold, then in more than 10 years, the price will be $ 2000, and I think that is quite an advantage over time. However, gold is indeed very good as an investment that is stored for a very long time, you just need to think about how to look after it.
On the other hand, bitcoin offers faster profits, but with enormous risks. it's just that, many people prefer to use bitcoin then think about other investments when they are successful.

The crypto51.app website only makes estimation on cost of possible attacks from Nicehash hashrate cost. That estimation cost can be far from correct cost to run a 51% attack.

How many bitcoin confirmations is enough? explains the risk of 51% attacks very insightful.
If you want to test with calculator tool, Lopp developed this one https://jlopp.github.io/bitcoin-confirmation-risk-calculator/