Topic: I BUY GOLD OR BITCOIN? - page 14. (Read 10991 times)
Bitcoin is rightfully ranked first and now it is considered to be the promising form of investment and investment, which will be in the future to keep the business. The development of new technologies gives rise to new and promising tools. And modern investors are increasingly paying attention to them. The financial world is gradually weakening and giving a chance to new technologies. Now the younger generation does not trust gold as in the past decades. Moreover, for young people now gold is already something outdated about losing its value. And future generations may not take precious metals seriously at all. Therefore, even in this category bitcoin still wins.
I prefer to buy bitcoin because the price is higher and fluctuate. It is suitable for long-term investment.
bitcoin also very suitable for at traded for the price is not stagnant. That's what makes a lot of people like bitcoin, besides fluctuating bitcoin to be the target of many people because of its very unique system. 
Hi guys, I've been in the world of bitcoin and cryptocurrencies for some time, some relatives and friends ask me to buy gold or bitcoin to save, and I answer:
1. If you want to be safe without worrying about buying gold, because its price is very stable, at 1200 dollars an ounce.
2. If you want to invest in bitcoin I invite you to investigate what technology is about, I tell you that it is a new technology that will revolutionize the world, it is decentralized, distributed, without control of any kind of government, its quantity is limited. that allows it to be deflamatory, with the passage of time it takes more value, but it is your RESPONSIBILITY if you make the investment in bitcoin, I only tell you the advantages but it is up to you to investigate the subject.
WHAT WOULD YOU RESPOND?
Indeed, buying gold is safer than buying bitcoin because we all know that gold will never devalue. However, investing on bitcoin is also worrying because it's value decrease whenever they experienced a problem with it. I know that bitcoin cannot be compared to the value of gold because of its shocking value every time it pump. Dealing with crypto currency is a game and you should be ready for the consequences, it's either you won or lose.1. If you want to be safe without worrying about buying gold, because its price is very stable, at 1200 dollars an ounce.
2. If you want to invest in bitcoin I invite you to investigate what technology is about, I tell you that it is a new technology that will revolutionize the world, it is decentralized, distributed, without control of any kind of government, its quantity is limited. that allows it to be deflamatory, with the passage of time it takes more value, but it is your RESPONSIBILITY if you make the investment in bitcoin, I only tell you the advantages but it is up to you to investigate the subject.
WHAT WOULD YOU RESPOND?
I will combine 70% to buy bitcoin and 30% to buy gold. because it certainly will be profitable where the income from bitcoin can be stored long-term and safe using gold and avoid the risk of loss so I think it's natural and should be addressed properly.
What's so good about gold?
Gold price 10 years ago, $950, Gold price today $1300, about a 37% increase, inflation over 10 years = 16.72%, result = about 20% gain in 10 years, average of 2% per year in terms of a store of wealth, a 5% savings account while compounding profits each year will get you, after inflation roughly 46% profit, over 2x more than gold
BTC in 1 month can get better returns than gold over 10 years.
Gold price 10 years ago, $950, Gold price today $1300, about a 37% increase, inflation over 10 years = 16.72%, result = about 20% gain in 10 years, average of 2% per year in terms of a store of wealth, a 5% savings account while compounding profits each year will get you, after inflation roughly 46% profit, over 2x more than gold
BTC in 1 month can get better returns than gold over 10 years.
You seem to forget Bitcoin can also turn your $20k savings into $10k in a few days too.
Banks can fail and steal your money.
Cyprus banks for example took up to 60% of peoples savings.
New laws have been introduced in many countries where you are classed as an investor in the bank when you deposit cash and its no longer your money.
People think that because there is a quoted guaranteed protected deposit figure e.g in the UK up to £85k they are safe. This is bollocks as if a major bank or a few smaller ones folded there just is not enough money in the protection scheme to cover the loses and refund people.
The strongest benefit of gold is there is zero 3rd party risk. You hold it, you own it. No computers, networks, internet, electricity, financial institutions required.
Gold is not really meant to moon, its is traditionally a stable way to maintain your wealth through multiple generations if required. The added benefits for gold currently are international uncertainty e.g. North Korea could kick off at any time, the amount of money printing going on, the global debt problem, all these triggers could push the price of gold significantly higher.
Russia is buying gold as fast as possible, now exceeding China's gold reserves :
Gold is an instrument in which people can hide their fortune for their retirement and protect against time out. The point reached by humanity in the digital conjuncture is virtual currencies. BitCoin and similar technologies show that digital money can take the place of physical money in the coming years.
Depends on what you want to get from this investment. Gold is much more safe for newbies because price isn't changing that freqently like bitcoin's.
What's so good about gold?
Gold price 10 years ago, $950, Gold price today $1300, about a 37% increase, inflation over 10 years = 16.72%, result = about 20% gain in 10 years, average of 2% per year in terms of a store of wealth, a 5% savings account while compounding profits each year will get you, after inflation roughly 46% profit, over 2x more than gold
BTC in 1 month can get better returns than gold over 10 years.
rate calculation that you say is true, Bitcoin is better than Gold. But bitcoin also can not be said to be the best investment from gold but bitcoin is a risky investment that is profitable. if we flashback on last year bitcoin reached 20k USD but now bitcoin is only 10K USD. imagine how many losses that bitcoin invested in the past yearGold price 10 years ago, $950, Gold price today $1300, about a 37% increase, inflation over 10 years = 16.72%, result = about 20% gain in 10 years, average of 2% per year in terms of a store of wealth, a 5% savings account while compounding profits each year will get you, after inflation roughly 46% profit, over 2x more than gold
BTC in 1 month can get better returns than gold over 10 years.
This is true, but you need to be smart enough to realise what comes up must come down, BTC had a 200% increase in 3 weeks last year, you just have to realise that people who bought before this price will start to sell once it hits stable or shows any signs of volatility, if you buy it at the bottom of these events you've made a wise call, if you buy based on FOMO then this isn't the place for you.
What's so good about gold?
Gold price 10 years ago, $950, Gold price today $1300, about a 37% increase, inflation over 10 years = 16.72%, result = about 20% gain in 10 years, average of 2% per year in terms of a store of wealth, a 5% savings account while compounding profits each year will get you, after inflation roughly 46% profit, over 2x more than gold
BTC in 1 month can get better returns than gold over 10 years.
rate calculation that you say is true, Bitcoin is better than Gold. But bitcoin also can not be said to be the best investment from gold but bitcoin is a risky investment that is profitable. if we flashback on last year bitcoin reached 20k USD but now bitcoin is only 10K USD. imagine how many losses that bitcoin invested in the past yearGold price 10 years ago, $950, Gold price today $1300, about a 37% increase, inflation over 10 years = 16.72%, result = about 20% gain in 10 years, average of 2% per year in terms of a store of wealth, a 5% savings account while compounding profits each year will get you, after inflation roughly 46% profit, over 2x more than gold
BTC in 1 month can get better returns than gold over 10 years.
This is true, but you need to be smart enough to realise what comes up must come down, BTC had a 200% increase in 3 weeks last year, you just have to realise that people who bought before this price will start to sell once it hits stable or shows any signs of volatility, if you buy it at the bottom of these events you've made a wise call, if you buy based on FOMO then this isn't the place for you.
If you bought gold in 2011-2012 due to FOMO you would still be at a loss today, BTC has never remained lower than it's ATH for such a period.
What's so good about gold?
Gold price 10 years ago, $950, Gold price today $1300, about a 37% increase, inflation over 10 years = 16.72%, result = about 20% gain in 10 years, average of 2% per year in terms of a store of wealth, a 5% savings account while compounding profits each year will get you, after inflation roughly 46% profit, over 2x more than gold
BTC in 1 month can get better returns than gold over 10 years.
rate calculation that you say is true, Bitcoin is better than Gold. But bitcoin also can not be said to be the best investment from gold but bitcoin is a risky investment that is profitable. if we flashback on last year bitcoin reached 20k USD but now bitcoin is only 10K USD. imagine how many losses that bitcoin invested in the past year Gold price 10 years ago, $950, Gold price today $1300, about a 37% increase, inflation over 10 years = 16.72%, result = about 20% gain in 10 years, average of 2% per year in terms of a store of wealth, a 5% savings account while compounding profits each year will get you, after inflation roughly 46% profit, over 2x more than gold
BTC in 1 month can get better returns than gold over 10 years.
Well the answer is purely based on the person's interest and capabilities. If the person wants to gain profit from a prodyct that has long been in the market abd haf already made a name and face, I suggest you invest on gold but uf you are willing to take risks for a bigger profit then bitcoin is the investment you wanted. It is that easy.
It depends on the person. If a person has a lot of money and needs stability. A safe Deposit, which will not entail a sharp drop in the exchange rate in an instant - let them choose gold. If a person likes risk and excitement - bitcoin is the best option.
What's so good about gold?
Gold price 10 years ago, $950, Gold price today $1300, about a 37% increase, inflation over 10 years = 16.72%, result = about 20% gain in 10 years, average of 2% per year in terms of a store of wealth, a 5% savings account while compounding profits each year will get you, after inflation roughly 46% profit, over 2x more than gold
BTC in 1 month can get better returns than gold over 10 years.
Gold price 10 years ago, $950, Gold price today $1300, about a 37% increase, inflation over 10 years = 16.72%, result = about 20% gain in 10 years, average of 2% per year in terms of a store of wealth, a 5% savings account while compounding profits each year will get you, after inflation roughly 46% profit, over 2x more than gold
BTC in 1 month can get better returns than gold over 10 years.
Obviously, i will go with Bitcoins together with the majority of people in this forum than gold. Befause clearly, bitcoins and other crypto currencies are things that makes having great orofits easier. That is, if you know what you are doing. Plus it does not require much from anyone looking to get into it. All it takes is a skill to communicate in english and common sense(of course having more skills would he better. But you get my ooint.).but hey, if you really are paranoid, then do both. Start with crypto, and then buy gold. That way you can make sure your money is safe. But that's yiur choice, i certainly wouldn't want to go through that kind of hassle in life when there is an easier way.
Bitcoin Is better with me. You got them Bitcoin.
Also with me. Because admit it or not, not all people can buy and invest gold. Only those who are rich amd have extra money to buy gold. Unlike bitcoin which we can always earn them and even buy just portion of it. And it can always grow and we can even use it to buy gold.
Sure, stability is a great thing. As a crypto investor I can say that sometimes It seems that I’m about to turn gray. But it's worth it. I even close to love the adrenalin which comes with bitcoin price changes. Of course gold is good investment too. But different one.
Of course bitcoin because the value of your investment will grow faster.
gold will only secure your money but its development is very long.
gold will only secure your money but its development is very long.
nvestors knows what to invest in at different times in their lives. For me if I have a huge capital and I am going to invest both. Because no one can guess that gold is gonna be a dominant economical things on the earth. This can repeat for bitcoin too. But if you have small money I would advise doing a small perecentrage in gold and the rest for bitcoin.
While gold is a strong safe haven asset because its role is very understood in investment portfolio and has established its trade in regulatory framework.I would rather invest in Bitcoin because it is a new technology that is increasingly growing and genuinely innovative, a new asset with some unique features that make it viable haven.
i think you gave them a pretty good answer. they could choose your first reply if they think bitcoin is too risky to invest in. or they may choose your second response if they aren't risk averse and will be very willing to invest in something new.
but you forgot to tell them not to put all their money in bitcoin, since, as was said so many times over, that it's a very volatile asset class and the price can drop really low. therefore, they need to put in only that amount that won't crush their spirit in the event that prices reach near zero.
the best choice that they can make is to choose to invest in both. one is stable and the other is groundbreaking tech. both will grow over time and will benefit them greatly in the future.
but you forgot to tell them not to put all their money in bitcoin, since, as was said so many times over, that it's a very volatile asset class and the price can drop really low. therefore, they need to put in only that amount that won't crush their spirit in the event that prices reach near zero.
the best choice that they can make is to choose to invest in both. one is stable and the other is groundbreaking tech. both will grow over time and will benefit them greatly in the future.
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