Topic: Hold Bitcoin VS Hold Gold - page 7. (Read 1052 times)

Bitcoin is now going through the stages that gold has done poorly in the past, so Bitcoin as an investment has a much better potential. But if the OP likes gold, then this is a very good option for diversification, some part of the investment may bring less income, but at the same time it will reduce the risk of losing just one asset. We see how WisdomTree, Invesco and Valkyrie, after Blackrock, applied to register a spot bitcoin ETF, when gold passed this stage and we all remember what happened to its price after that.

When I asked this question to those around me, I got different answers. Those over a certain age do not give up on gold. However, the preference of those who know bitcoin and are in the young age group is bitcoin. Because they say that the return will be higher despite certain risks. I prefer Bitcoin. Investing in gold is not for me. I think answering this question is about a traditional point of view and a modern point of view.

Those who prefer gold do not like too much price activity, they generally say that they like a small but regular increase. They're getting a bit of a guarantee. They don't like risks.

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.

Both belong to the economic and financial system, and I don't want to make too many comparisons even though they do have many similarities and differences. From anyone's point of view that keeping what is appropriate is what they want it to be for the benefit of individuals or the community at large, I have in mind the issue of financial position for us to consider. should do what is reasonable, but indeed, holding anything has its benefits and risks. So the story will still revolve around investing, and of course we need questions to have the experience of making the right decisions and being responsible for those things.

From historical to ecological impact, and fiscal functionality, your analysis was thorough. Seen through a 21st-century prism, Bitcoin is an adaptable, fluid wealth form. Its lack of historical depth compared to gold is countered by its swift digital impact. Your stance on supply resonates. Bitcoin's capped limit of 21 million provides an edge over untapped gold reserves. Bitcoin's boundary is transparent and defined.

Ecologically, labeling Bitcoin as greener is debatable. Though Bitcoin mining utilizes renewable energy, it's significant and calls for refinement. Monetarily, Bitcoin's flexibility is unquestionable. Swift, global transactions are a necessity in our digital age, and Bitcoin excels here. On Bitcoin's immunity to hacking, it's attributed to its blockchain technology and the computational complexity to alter prior transactions. As for the prime moment to invest in Bitcoin—it's when you foresee its enduring potential!

Gold Versus Bitcoin, the decision of whether to hold Bitcoin or gold is a personal one. Because for me, what I can see on Bitcoin right now is an improved version of gold, or digital version of gold, or modern gold.
Bitcoin somehow is a store of value just like gold but they are not the same in all aspects.
So for me, if you are high-risk tolerance and want a high reward also, go for Bitcoin, we all know how volatile Bitcoin is and it's still early, I'll go with Bitcoin.

It seems this Bitcoin versus gold comparison won't easily die. But I think this isn't simply an either-or situation. If you have so much wealth, you'd better off having both. However, if you have limited savings which you intend to invest on either of them, I think Bitcoin is the better option.

While gold doesn't have to prove anything anymore as far as being a way to keep inter-generational wealth is concerned, the potential of growth is on the side of Bitcoin.

So perhaps it depends on what you are up to with your money. For me, at this point, I'd rather be heavily invested in Bitcoin. It matters whether you're still building or keeping your wealth.

gold or silver they are similar. pretty to look at maybe but a pain in the ass to get rid of. no one really buys them hoping for a quick profit. they buy them as a store of wealth, an inflation hedge but converting them back into fiat and even buying them incurs fees. so the price has to go up quite a bit just to "break even". ever wonder why people that buy gold and silver never seem to sell? that's why. it's hard to. you don't just click a button. unless you don't really own it in the first place...

if you have the means and funds, why not invest in both. it is your advantage if you will take the opportunity of getting a hold of these two. there are pros and cons in both investments. but when you secure some gold assets, you are sure that it won't disappear overnight as it is a tangible asset. the market may go down but you will still be holding your physical gold.
so with this type of discussion, i won't favour one investment over the other. also, do remember the old saying here, don't put all your eggs in one basket.

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.

LOL I don't want to die holding gold. I want my money invested in the technology and you may already know how gold works and if you are around bitcoin community for long enough or if you just can see the potential of bitcoin you will also pass on gold.

Bitcoin is the future for me, gold is not potential but rather a piece of jewelry for women.

Bitcoins and Gold are both good to hold, and if you can hold both of them, you should without completely choosing one over the other. It does not always have to be a choice, if you can afford to, having some gold and having some more bitcoins is a better choice.

You can safely, closely and easily keep your bitcoins. If it must be a choice between the two and where you must choose, bitcoins should be the choice.

It doesn't matter if the network is still up (which very well may not be btw unlike what you said) if you have no way to access the network. Short story: "EMP, No electricity, No internet, No satellite access, no working electronic device" etc etc

If you have some gold in your possession however, none of these will affect you. Owning physical gold has its own risks but that's not the topic of this discussion.

I feel that both options are really promising, as they have the potential to increase in value over time. If you invest in them now you are likely to see a huge profits in the future.

It's difficult to determine which one is the absolute best since we cannot predict the future. However, I believe that Bitcoin would be the preferable choice or at the very least, it has the potential to make greater profits. Bitcoin is known for its high volatility in terms of price and taking advantage of the current opportunity could lead to a decent gain. I didn't mean to say that gold isn't really to invest on it but I see bitcoin is really better IMO.

Bitcoin beats Gold in every single category. The only thing Gold has over Bitcoin is longevity but what’s so special about that?

Bitcoin is easily transportable, have you ever tried taking $1,000,000 in Good across a border on your person on a flight? You can store unlimited amounts of Bitcoin on a small hardware wallet.

Bitcoin has increased in price by meteoric magnitudes since the first block was mined. Gold has gone up in price but holding Gold vs holding Bitcoin, even over the last 5 or 6 years is no comparison.

Bitcoin is the future, it will play a huge roll as a store of value, savings feature & means of payment in our lifetime.  Good looks nice but it’s a heavy, dumb rock, it has had its time.

There is always the option for diversification, that is, instead of holding one of the two, you can hold the two, just incase one does not pay, the other can pay, or maybe the both can pay, and that means for profit for you as the investor.

Personally, if it's mandatory that I must choose one between the two, it will always be bitcoin, gold have existed for ages yeah, but I've never been able to invest in it, bitcoin began journey in 2009, and by 2016, I owned my first bitcoin, and this is even because I arrived late to the party..
So I will choose bitcoin, if not for any thing, for its simplicity, bitcoin is much more closer to the common man, the average man can easily access bitcoin more than they Can access gold, so I guess it's OK to say that bitcoin is for the people, while gold is for the elite, and by elite, I mean the government and it's body. So I will rather go with the people than go with the elite..

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OP, please respect the rules of the forum, posting back to back can be considered as spamming, please read the rule blow and refrain from such style of posting..

If you have multiple comment to reply to, quote and reply to each in one comment, allow atleast, one post after yours, before you post again..

Then, let's look again at the fifth section (Monetary Function) which is the gold storage section. Won't it be very inconvenient to store gold? Especially nowadays, technology is very much prioritized, so if we want to send or exchange assets, we only use computers and networks. So how we could send or exchange the gold as fast as sending or Exchange Bitcoin?

Ok then, so, let's look again at the fifth section (Monetary Function) which is the gold storage section. Won't it be very inconvenient to store gold?so regarding to bitcoin, if we want to send or exchange assets, we only use computers and networks. So how we could send or exchange the gold as fast as sending or Exchange Bitcoin or any other crypto?

I think this topic is very essential to discuss because I saw some users here are taking about investing in Bitcoin by selling gold or Jewelry.
Here I am adding some points which should be noted before making any decision.

1. Obviously in Long term Bitcoin is much profitable and it has a limited supply. So day by day it's demand and price will increase if no extreme situation happens.  Bitcoin can't assure you a safe and profitable investment because if you invest when it's price is at ATH then you may see a very bad dump at the bear market. But if you buy in deep market then you may have a unbelievable gain than Gold. Again if any major exchange or online wallet have been hacked or any major bad news arrive then market can be cashed extremely.

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.

So what I will choose? I will obviously choose Bitcoin investment as it's much profitable and secured but not all the funds or selling all the jewelries. I will invest in Bitcoin a specific amount of total assets. And obviously I will try to choose the right time to invest in. Though it's can't be predicted accurately.