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Topic: Hold Bitcoin VS Hold Gold - page 4. (Read 1048 times)

full member
Activity: 1050
Merit: 100
June 23, 2023, 10:36:04 PM
#89
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
hero member
Activity: 2618
Merit: 548
SecureShift.io | Crypto-Exchange
June 23, 2023, 05:58:37 PM
#88
Considering the risk with bitcoin people find it difficult to give importance to bitcoin against gold. This is not about the holding and the growth of gold that have taken place gradually. When we self analysis our life, the end will be death. We came to the World naked and move out naked. In between the attitude and other activities we do is the out of the money. Gold gives the convenience and comfort when required, whereas it is difficult to use bitcoin as collateral and on other needs. With time things could've changed and no matter what we do, and follow the ease of understanding and usage in real time is much connected with gold
sr. member
Activity: 1974
Merit: 450
June 23, 2023, 05:51:27 PM
#87
In the end, everything returns to their respective decisions, regardless of whether it is in gold or bitcoin, as long as we can do it right, then everything will work out well in the end.
Bitcoin and gold have their respective advantages and indeed both of them can still be done only if it's for the safest then gold is chosen because it's like certainty but which has risks obviously bitcoin but of course with returns which are of course much better there.
However, if it is possible to be in both of course it is a good choice, it's just possible that in this case bigger money must be prepared.
legendary
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June 23, 2023, 05:38:48 PM
#86
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.
Some people will say your opinion is misleading because gold can also provide wealth to the holder. I don't remember how much gold cost when I was 5 years old [I'm too lazy to look it up] but today anyone who has gold and keeps it safe, they are already quite rich with it. Bitcoin is different in that it is freely traded without control - so comparing the two should also make some sense. At least bitcoin has become a good investment asset in the last decade - but not everyone will choose it as a safe store of value.
legendary
Activity: 2436
Merit: 1561
June 23, 2023, 05:06:25 PM
#85
A better plan is to invest in multiple assets rather than depending on just one thing. Because in this case, if one is lost, the other will back it up. Meanwhile, although Bitcoin investment is risky, investing in gold is completely risk free. Because the price of gold has been constantly increasing in the last ten years. even if the price of Bitcoin increases a lot, there are occasional major crashes.  But this is not seen in gold. So it is better to invest in both Bitcoin and Gold

Nothing is risk-free and neither is gold. Even know I'm rather bullish on gold, I could imagine various scenarios where it falls from investors' favour.
And when you consider the profitability of investment, you cannot ignore inflation. After all, you invest to retain or increase the real value of your portfolio.

Looking at the inflation-adjusted gold price, you can see that it took almost 3 decades for it to return to the previous (real) value.

hero member
Activity: 1470
Merit: 790
ARTS & Crypto
June 23, 2023, 03:53:25 PM
#84
...

In my thoughts, I could not immediately answer the question: why investing in bitcoin is much better than in gold?
After all, people buy gold in difficult times, while bitcoin is sold at the first signs of an economic crisis. Unfortunately, bitcoin so far performs only the role of a speculative instrument, while gold remains the number one safe haven among assets. The only good thing about bitcoin is that it is a breakthrough technology of economic freedom.
But so far, no more than that.
sr. member
Activity: 546
Merit: 347
🎗️🍁🎭
June 23, 2023, 01:30:24 PM
#83
Bitcoin is currently more popular than gold due to the way its price has changed over the past few days. But if you hold this digital currency, you can expect something good in the future. Currently, Bitcoin is more popular, but investing in it still has some risks. Gold is an asset that people have been investing in since centuries. Gold is more popular than Bitcoin because it is a real asset. We have seen the gold market decline but then increased. Similarly, when the value of Bitcoin falls, it rises again later. So gold is a real asset and Bitcoin is a virtual asset that people invest in to meet their financial needs. I will invest in Bitcoin most of the time because I get more convenience using Bitcoin than gold.
hero member
Activity: 2366
Merit: 594
June 23, 2023, 11:41:55 AM
#82
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.
A better plan is to invest in multiple assets rather than depending on just one thing. Because in this case, if one is lost, the other will back it up. Meanwhile, although Bitcoin investment is risky, investing in gold is completely risk free. Because the price of gold has been constantly increasing in the last ten years. even if the price of Bitcoin increases a lot, there are occasional major crashes.  But this is not seen in gold. So it is better to invest in both Bitcoin and Gold
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.
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.

That is why the purpose of investing in Bitcoin is to hold it long-term because if you just sell it off in a year, there are big possibilities that it will be a loss. You need to hold it for a few years because, unlike gold, the value will appreciate over time, even if it is jewelry or anything else valuable. But for me, investing both as long as you have that capital is really good as the return in bitcoin is higher compared to gold, as we know that Bitcoin is very volatile and can make your investment times 4 or more.
hero member
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June 23, 2023, 11:33:49 AM
#81

I also have a long answer of these questions :
 - Why Bitcoin can't be hacked?

- So when is the right time to buy Bitcoin?


Hacked, as in how? (you mean) If you have some Bitcoin in a CEX account or a self-costodial wallet and mistakenly some scammers have some sort of security information about your account or wallet, they can easily penetrate your CEX account or wallet and steal your assets. That's the only way your asset could be hacked, and you will end up losing it your Bitcoin. If you Fully take the security of your assets vital, you will not be hacked.



For me, I don't think there is any time that is not good to buy Bitcoin. What matters is how long you want to hold your Bitcoin. The period of time you choose to hold your coin is also what will determine the level of profit you will make from your holding. For example, if you buy Bitcoin now and intend to hold it for 6 years, there is a great possibility that you will make profit by then because the price might have skyrocketed. But if you want to buy now and hold till December of this year, then I doubt if you will have much profit on your investment before then, because the price of Bitcoin might just be a bit higher than what it is now. Bitcoin investment is not like other investments that will assure you of a certain profit in an interval of a month or two; bitcoin investment is about patience and determination to hold your asset until you make a profit.


The reason is that someone can tell you that the best time to buy Bitcoin is when the price is $30k, mean while, after you buy it at that price, it could still go down to $25k, and by that time you might start to regret why you did not wait to buy at $25k, and you might even have issues with your friend that asked you to invest when the price was $30k. So, just invest if you are determined to hold until you make a profit.



Cheers 🥂, Dr.Bitcoin_Strange 👺👺
hero member
Activity: 1456
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Vave.com - Crypto Casino
June 23, 2023, 11:03:10 AM
#80
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.
A better plan is to invest in multiple assets rather than depending on just one thing. Because in this case, if one is lost, the other will back it up. Meanwhile, although Bitcoin investment is risky, investing in gold is completely risk free. Because the price of gold has been constantly increasing in the last ten years. even if the price of Bitcoin increases a lot, there are occasional major crashes.  But this is not seen in gold. So it is better to invest in both Bitcoin and Gold
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.
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.
sr. member
Activity: 1414
Merit: 361
Vave.com - Crypto Casino
June 23, 2023, 10:25:47 AM
#79
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.
A better plan is to invest in multiple assets rather than depending on just one thing. Because in this case, if one is lost, the other will back it up. Meanwhile, although Bitcoin investment is risky, investing in gold is completely risk free. Because the price of gold has been constantly increasing in the last ten years. even if the price of Bitcoin increases a lot, there are occasional major crashes.  But this is not seen in gold. So it is better to invest in both Bitcoin and Gold
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.
hero member
Activity: 1456
Merit: 608
Vave.com - Crypto Casino
June 23, 2023, 10:00:48 AM
#78
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.
A better plan is to invest in multiple assets rather than depending on just one thing. Because in this case, if one is lost, the other will back it up. Meanwhile, although Bitcoin investment is risky, investing in gold is completely risk free. Because the price of gold has been constantly increasing in the last ten years. even if the price of Bitcoin increases a lot, there are occasional major crashes.  But this is not seen in gold. So it is better to invest in both Bitcoin and Gold
hero member
Activity: 1484
Merit: 726
June 23, 2023, 09:20:19 AM
#77
People have questioned whether Bitcoin can play a similar role to gold in an investment portfolio for years. Actually despite some similarities between the two entities, mainly their supply is limited and they have an alternative role to fiat currencies. Therefore, it is very important for investors to know the basic differences between gold and bitcoin and to invest accordingly. Almost all of the people on the forum will use their investment in favor of Bitcoin. Gold has been known as a store of wealth for thousands of years and is at times an alternative source of income to the traditional stock market. Gold has traditionally performed well in times of inflation and has a highly liquid, established market, low volatility and a key store of value for older people.

Bitcoin offers various investment opportunities for those who invest in it. One of them is bitcoin mining. If you met crypto markets in the 2010s, you are very lucky. Bitcoin must have opened the door to a completely different world for you. I would definitely use the long term investment in favor of Bitcoin. Despite the high volatility, i believe that i will realize my long term plans with Bitcoin. We continue to multiply our wealth during halving periods. Stay with Bitcoin.
legendary
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June 23, 2023, 09:09:46 AM
#76
As far as I know, there is no rule that prohibits us from owning both or is forced to choose only 1. So why do we always compare them to find the better one?
People compare them because they do not have the money to buy both of the assets, they can only buy one, so they want to know which asset has more potential, so they can choose it and invest in it.
Well, thanks for reminding me, I hadn't thought of this because I always thought that once people decide to invest, they already have some money to invest. Moreover, no matter how much capital you invest, diversification is still more necessary than investing in a single asset class, which is quite risky.

Bitcoin is the future for me, gold is not potential but rather a piece of jewelry for women.
Gold does not have any "potential" because everyone knows what gold can and can't do, it is a very old asset and a store of value that people have been using to hold the value of their money for a very long time. I believe when we talk of "potential", it is for newer assets. By the way Gold can be used for other things than just jewelries, though it is one of its use cases.
Gold is still volatile and not completely stationary, so it will still bring profits, but small investors with not too large capital will receive a negligible profit when investing in gold. As I also said, gold is still the preferred investment of many billionaires and tycoons, so saying it has no potential is not necessarily true.
member
Activity: 177
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Stay Humble and Stack Sats
June 23, 2023, 07:26:32 AM
#75
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.
legendary
Activity: 2184
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Vave.com - Crypto Casino
June 23, 2023, 04:42:42 AM
#74
I personally both gold and bitcoin , because for me both are equally profitable, with the characteristics they have it challenges me to own and accompany them to their highest point, there is no long debate between gold and btc because both are investments that need to be considered for the future
it
But gold is not really profitable, it just covers inflation. It will never go +30% or so in one month. I mean, I'm not judging at all, I think holding gold has it's pros, but it can't be as profitable as Bitcoin.

Investing in gold is still profitable because its price is also volatile and not completely stable, but the return will not be as significant and large as bitcoin. Gold is only suitable for investors who like safety and investors with a huge amount of capital, investing in gold can be profitable. Gold is not as volatile as bitcoin but many times safer than bitcoin, and the two assets are entirely different, so comparing them is rather lame. Each property has pros and cons, and it's up to the individual to make the right choice. I also think like some people here, we can invest in both, it's much better to diversify assets than focus on just one.
sr. member
Activity: 364
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June 23, 2023, 04:24:14 AM
#73
Both bitcoin and gold are at the top in terms of popularity but gold is more in demand than bitcoin due to increasing demand. Investing in Bitcoin is much more profitable than gold but investing in Bitcoin is risky as Bitcoin has different risk factors. Because the government of a country can make the investment unprofitable by imposing restrictions and taxes on Bitcoin investment. But in case of gold there is no risk on investment rather if you keep the investment then it becomes your risk free asset.
full member
Activity: 1540
Merit: 219
June 23, 2023, 04:14:42 AM
#72
I personally both gold and bitcoin , because for me both are equally profitable, with the characteristics they have it challenges me to own and accompany them to their highest point, there is no long debate between gold and btc because both are investments that need to be considered for the future
I don't know if this is a problem in your country but there are some countries that will let you buy gold but never let you hold the one that you've just bought for "security" reasons which is definitely a no-go for me, maybe if I do some research about it though, I can be wrong and might consider hodling a small amount of gold in my possession but for now, I think it's best to hodl bitcoin more than gold because it makes you responsible for your own safety and wealth so no one can steal it from you unless you are dumb enough to be scammed. As long as there are preference, there will always be a debate remember that, and it's a beautiful thing that there are debates about this, it means that people care about their finances and that they want to make a stable financial future.
copper member
Activity: 2268
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June 23, 2023, 04:03:01 AM
#71
Aspects don’t matter at all. People invest in what they see as profitable. If you ask the younger generation, then they probably choose Bitcoins over gold. Whereas if you ask the older generation, they will choose gold over coins. Yes, I also agree that both have advantages and disadvantages. But if one has to choose, he will choose based on necessity. If you're comparing, then we need to compare bitcoin versus digital gold, as physical gold has many more restrictions and hidden charges. If you ask me, then I want to choose bitcoins, as I am from the new generation and I have seen what bitcoins are capable of.
jr. member
Activity: 139
Merit: 5
June 23, 2023, 03:48:31 AM
#70
I personally both gold and bitcoin , because for me both are equally profitable, with the characteristics they have it challenges me to own and accompany them to their highest point, there is no long debate between gold and btc because both are investments that need to be considered for the future
it
But gold is not really profitable, it just covers inflation. It will never go +30% or so in one month. I mean, I'm not judging at all, I think holding gold has it's pros, but it can't be as profitable as Bitcoin.
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