Topic: Hold Bitcoin VS Hold Gold - page 3. (Read 1052 times)
At the moment the price of gold is increasing and the price of bitcoin is increasing, if both bitcoin and gold can be bought and held then both can be profited. But Bitcoin and gold are very valuable things. It is very difficult to buy both Bitcoin and gold together and hold them for a long time unless you have a lot of money. But those who only have the ability to buy either Bitcoin or gold should buy Bitcoin and hold it for a long time. Because right now there is some good news in the market due to which the price of Bitcoin is increasing. The sale price hit up to $31,000. From $31,000, the price of Bitcoin is likely to increase further. If bitcoin can be bought right now then I expect to profit from here.
Gold is not grow up your wealth, gold is just maintain the fiat value, while bitcoin, will grow up your wealth, in fact bitcoin is increase your investment.
As far as I know, the list of the wealthiest people in the world and the world's millionaires mostly invest in gold, not bitcoin. What do you think about this? Are they called idiots for not investing in bitcoin? Have you become rich on bitcoin? Or are you just fantasizing about a rich future investing a small amount of money in bitcoin, and hoping it will bring you wealth?
Gold and bitcoin are two assets that both have the opportunity to bring wealth to us, as long as we always know how to take advantage of it to profit. Profits are made by the ingenuity and bravery of each person, not by what bitcoin or gold will bring us.
It also doesn't make you richer than anyone.
I think if one make investment in gold then his profit will be increased double after 2 or 3 years and chances of lowering price is very low in case of gold investment.
Investing in Bitcoins requires you to hold it for a long time which will not help you in an emergency because if the price of Bitcoins is lower than your purchase price at that time you will have a huge loss if you sell. However, the price of gold does not fall very often and in times of emergency, gold can be saved from danger by selling it. So if you invest in both Bitcoin and Gold Bitcoin will give you a big profit if you hold it long time, and Gold will give you the profit as well as emergency backup.
Agree with you gold can be beneficial during emergency conditions whereas bitcoin will put you in difficult condition sometimes to take a decision of selling or holding. It is right that gold selling price is lower than buying price but we should wait for some months and don't put that amount which you immediately need after few days as investment is not for days.
I think if one make investment in gold then his profit will be increased double after 2 or 3 years and chances of lowering price is very low in case of gold investment.
There are a few things to consider when holding gold or bitcoins. If you hold gold for a long time, its value will act as a hedge against economic uncertainty. Being a tangible asset, it is stable and will maintain its value over time. But Bitcoin is a digital currency that is a relatively new form of decentralized currency that works on blockchain technology. It fluctuates significantly over time and since it is not a real asset, it is considered a very risky investment. Investing in cryptocurrency depends on complete trust.
Bitcoin is volatile duh I know. During a dip and you need some cap for something else, maybe a killer piece of property comes up but you upside down in BTC? No cash? No gold? Guess you can finance it until things turn around and assets you can borrow for. Holding BTC upside down in your company and a piece of heavy equipment comes up deeply discounted maybe auction now what? Sell at a loss to buy at a bargain is a wash.
Read everything you can from Ray Dalio especially his all weather fund.
You do you but I get concerned for others when they are "all in gotta get rich".. Ya you can, keeping it is a whole other game.
Read everything you can from Ray Dalio especially his all weather fund.
You do you but I get concerned for others when they are "all in gotta get rich".. Ya you can, keeping it is a whole other game.
2. Gold is much valuable and precious and day by day it's price is also moving up but slowly. And there is no limited supply of Gold. It's not much volatile as like Bitcoin and can't be. Again here is lower risks and lower profits. And there is no risk linke dumping Gold's price extremely at a sudden period.
At least I agree with this, because right now we don't know how deep they will dig to get more gold, and we don't know how long they will do it. But we cannot buy them together as an investment as an individual.
They are also good for the long term, only Bitcoin when it comes to the profit it can give when you hold it for a few years compared to Gold which is not that high to be honest but they are really an okay investment.
Gold is used to protect your wealth because the price is slowly increase, it's not like you save your money in banks where the inflation rate is higher than the interest you earn. Bitcoin is used to protect your wealth and in the same time, earn higher profit than gold.
[1] https://www.crypto51.app/
[1] https://www.crypto51.app/
For several periods Bitcoin proved to be the best investment instrument. So some people who understand the technology and history of Bitcoin they will choose bitcoin a lot to look for profit because in calculations Bitcoin has far more profits in a faster time. Although bitcoin also has risks due to price instability. There seems to be a shift even though gold is still an investment favorite for people like my mom and dad, maybe people over 50. Perhaps legally, Gold is superior because the world has recognized it. I think having both is great.
Gold is used to protect your wealth because the price is slowly increase, it's not like you save your money in banks where the inflation rate is higher than the interest you earn. Bitcoin is used to protect your wealth and in the same time, earn higher profit than gold.
[1] https://www.crypto51.app/
[1] https://www.crypto51.app/
For several periods Bitcoin proved to be the best investment instrument. So some people who understand the technology and history of Bitcoin they will choose bitcoin a lot to look for profit because in calculations Bitcoin has far more profits in a faster time. Although bitcoin also has risks due to price instability. There seems to be a shift even though gold is still an investment favorite for people like my mom and dad, maybe people over 50. Perhaps legally, Gold is superior because the world has recognized it. I think having both is great.
to make investment assets, I think bitcoin will be more profitable than gold, and instead of gold, maybe I prefer to invest in property, which is safer than physical gold. but before investing in bitcoin we must have knowledge of it, considering that it will be risky if we do not have sufficient knowledge. if we compare it with the inflation that occurred, then the comparison can indeed be seen and it is as if gold only offsets the inflation rate that occurs, but gold is better than us saving in the bank
Gold is an old fashion way of investing, you can make use of Gold for securing your wealth but not to make more money because Gold doesn't increase much but it's a well known asset that can be exchange anytime for money. Don't put Gold over Bitcoin if you want to make profit. Bitcoin is a new asset and has lots of room for price growth but gold is getting outdated.
Bitcoin has more advantage than gold, gold has some limitations because it's a physical assets that'll needs physical storing locations which makes it centralized but Bitcoin is decentralized and digital which make it very easy to store in our devices and carry to different locations.
Investing in gold has never been outdated, and to be more precise, investing in gold is not suitable for people with meager investment capital like us. we always want to look for things with high returns to get rich quickly, and that is why today's young people prefer to invest in bitcoin over gold. because we are not wealthy yet, we are always looking for highly volatile assets to make quick profits, and that is why today's young people prefer to invest in bitcoin over gold. those with larger assets will choose gold because it is safer, although the returns will be lower. But if you invest in gold with a large capital of up to billions of dollars, the profit is not small.
A look at the price movements of Bitcoin and gold over the last 10 years shows how different they are. But if we think about safe investment, there is a lot of difference between the two. Holding Bitcoin has a much higher annual profit potential than gold. However, the risk here is also very high, but if you hold gold, the annual price change rate is low, but there is no risk here.So whether to hold gold or bitcoin depends on how much risk or profit he is willing to take.
If I think about the price of bitcoin and gold, I will invest in both. Because investing in bitcoin is very risky. And if we invest in gold, we will have a small profit. And it will become an asset for us. And if we If we invest in Bitcoin we will have the possibility of losing money.I think we can invest some money in bitcoin gold and if some time give us a chance to make a lot of money.Every investment is risky, gold is very stable and safe, but that does not mean there is no risk because the future is unpredictable. What will happen to the value of gold when people find a greater amount of gold out there, or will we mine a metal that is rarer than gold...Besides the risk due to price fluctuations, we will also face threats due to physical impacts such as theft, natural disasters, and floods…many risks that we can anticipate.
Investing in gold is undeniably safer than bitcoin, but it's a high risk, high return, so investing in gold or bitcoin is up to each investor's preference.
to make investment assets, I think bitcoin will be more profitable than gold, and instead of gold, maybe I prefer to invest in property, which is safer than physical gold. but before investing in bitcoin we must have knowledge of it, considering that it will be risky if we do not have sufficient knowledge. if we compare it with the inflation that occurred, then the comparison can indeed be seen and it is as if gold only offsets the inflation rate that occurs, but gold is better than us saving in the bank
Gold is an old fashion way of investing, you can make use of Gold for securing your wealth but not to make more money because Gold doesn't increase much but it's a well known asset that can be exchange anytime for money. Don't put Gold over Bitcoin if you want to make profit. Bitcoin is a new asset and has lots of room for price growth but gold is getting outdated.
Bitcoin has more advantage than gold, gold has some limitations because it's a physical assets that'll needs physical storing locations which makes it centralized but Bitcoin is decentralized and digital which make it very easy to store in our devices and carry to different locations.
I also have a long answer of these questions :
- Why Bitcoin can't be hacked?
- So when is the right time to buy Bitcoin?
Bitcoin can't be hacked because it can't in the first place, based on theoretical cost of perform 51% attack to Bitcoin is zero [1].- Why Bitcoin can't be hacked?
- So when is the right time to buy Bitcoin?
The right time to buy Bitcoin is when you ask it, that's mean the right time is now!
Gold is used to protect your wealth because the price is slowly increase, it's not like you save your money in banks where the inflation rate is higher than the interest you earn. Bitcoin is used to protect your wealth and in the same time, earn higher profit than gold.
[1] https://www.crypto51.app/
~Snip
As you wrote at length in your post, that bitcoin is superior to gold when viewed from all existing aspects. I agree with this opinion, because bitcoin is very relevant when used as an investment asset today. Because if you look at it from a potential perspective, bitcoin can indeed go far in terms of market prices, and gold's price increase is very slow every year. But in my personal opinion, at this time gold is still very relevant if used as an investment asset, because it has many benefits in our lives today. Such as making jewelry, used for materials for making cellphones, computers, and other electronic devices. So in my personal opinion, gold is still an asset that is still relevant to own.And when it comes to the potential price increase, it is certain that bitcoin is the one that can be said to have the highest price increase. It's different from gold, whose price increase is not too fast. So when it comes to potential uses and potential price increases, bitcoin and gold excel in only one respect. Bitcoin excels in terms of price increase potential, and gold excels in terms of potential use. So basically these two assets are equally good and both have their own features.
It's still depends on the people prefer ability in these two since it's actually a different investment. Gold is already a good investment even back in the days, meaning it's a good idea to invest here for a long period of time or long term investment. While in Bitcoin where there's a volatility involved where people could take advantage from it in long term or short. So I still prefer Bitcoin if I would like invest in just flip peofit.
Gold is not grow up your wealth, gold is just maintain the fiat value, while bitcoin, will grow up your wealth, in fact bitcoin is increase your investment.
As far as I know, the list of the wealthiest people in the world and the world's millionaires mostly invest in gold, not bitcoin. What do you think about this? Are they called idiots for not investing in bitcoin? Have you become rich on bitcoin? Or are you just fantasizing about a rich future investing a small amount of money in bitcoin, and hoping it will bring you wealth?
Gold and bitcoin are two assets that both have the opportunity to bring wealth to us, as long as we always know how to take advantage of it to profit. Profits are made by the ingenuity and bravery of each person, not by what bitcoin or gold will bring us.
Yes, I think so too. I will invest a little more in gold because there will be no risk in investing in gold. But investing in Bitcoin will be a little risky. But I think even if it is risky, I will get good amount of money from Bitcoin.But after investing in Bitcoin you have to wait for a long time. After investing in Gold it can be sold at any time at the right price. But if the price of Bitcoin is in a dump then there will be a lot of loss if you sell Bitcoin.
gold is not very volatile and people don't get rich investing in gold. they just hedge against inflation that's about it.
Gold is not grow up your wealth, gold is just maintain the fiat value, while bitcoin, will grow up your wealth, in fact bitcoin is increase your investment.
As far as I know, the list of the wealthiest people in the world and the world's millionaires mostly invest in gold, not bitcoin. What do you think about this? Are they called idiots for not investing in bitcoin? Have you become rich on bitcoin? Or are you just fantasizing about a rich future investing a small amount of money in bitcoin, and hoping it will bring you wealth?
Gold and bitcoin are two assets that both have the opportunity to bring wealth to us, as long as we always know how to take advantage of it to profit. Profits are made by the ingenuity and bravery of each person, not by what bitcoin or gold will bring us.
A look at the price movements of Bitcoin and gold over the last 10 years shows how different they are. But if we think about safe investment, there is a lot of difference between the two. Holding Bitcoin has a much higher annual profit potential than gold. However, the risk here is also very high, but if you hold gold, the annual price change rate is low, but there is no risk here.So whether to hold gold or bitcoin depends on how much risk or profit he is willing to take.
If I think about the price of bitcoin and gold, I will invest in both. Because investing in bitcoin is very risky. And if we invest in gold, we will have a small profit. And it will become an asset for us. And if we If we invest in Bitcoin we will have the possibility of losing money.I think we can invest some money in bitcoin gold and if some time give us a chance to make a lot of money.Every investment is risky, gold is very stable and safe, but that does not mean there is no risk because the future is unpredictable. What will happen to the value of gold when people find a greater amount of gold out there, or will we mine a metal that is rarer than gold...Besides the risk due to price fluctuations, we will also face threats due to physical impacts such as theft, natural disasters, and floods…many risks that we can anticipate.
Investing in gold is undeniably safer than bitcoin, but it's a high risk, high return, so investing in gold or bitcoin is up to each investor's preference.
Both are risky, gold is difficult to store as well as to move. As for bitcoin, although it offers high returns and convenient storage, the future is more uncertain and unsafe than gold. So we should diversify and should invest in both. But I like risk and can accept risk, so I will prefer to invest in bitcoin over gold, and I hope like others can make big profits from bitcoin.
The future of Bitcoin is massive once the global adoption achieved. Gold is already adapted globally which is why the price is already stabled for long term. I doubt it's future is more beneficial than Bitcoin that promise more return and safe storage.
But do you have any proof that the future of bitcoin is huge, or is it just your imagination without any evidence? People say that bitcoin has an uncertain future because no one can predict the future. Furthermore, it is an asset that has only been around for over a decade and is not widely recognized, so it is impossible to say anything about the future of bitcoin. Another thing is bitcoin's market cap is only 500 billion while gold is 11 trillion, which one do you think is safer? It is indisputable proof that gold's liquidity is great and safer. I do not doubt the future of bitcoin, but clearly, bitcoin needs more time to gain a foothold in people's minds.
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