Which investment is a safe haven Gold or Bitcoin?

carlisle1

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Quote from: mycryptocoin on May 13, 2020, 09:22:52 PM

Now I beleive Gold is still safe, Bitcoin is risker. The world crisis is coming, the government are constantly printing more money, leading to inflation. Therefore, hoarding of gold is necessary and will bring more benefits than keeping paper money or expanding on investment.

Which countries are you referring to?because not all countries are printing more Paper money and you are just relying on what you are reading in some threads here specially about US that has been said printing more Fiat now.

Quote from: mycryptocoin on May 13, 2020, 09:22:52 PM

Bitcoin or cryptocurrency is more risk now because the price is not stably. You can see the Bitcoin's price near time, maybe pump to 9k$/BTC and mabe lost many, just 5k$/BTC

Since when that you will be expecting Bitcoin price to be "Stable"?remember that Volatile market is the proof that this is healthy and never expect Bitcoin to just pump every time and never to full back because if does then this market is BS.

Debonaire217

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Quote from: mycryptocoin on May 13, 2020, 09:22:52 PM

Now I beleive Gold is still safe, Bitcoin is risker. The world crisis is coming, the government are constantly printing more money, leading to inflation. Therefore, hoarding of gold is necessary and will bring more benefits than keeping paper money or expanding on investment.

Bitcoin or cryptocurrency is more risk now because the price is not stably. You can see the Bitcoin's price near time, maybe pump to 9k$/BTC and mabe lost many, just 5k$/BTC

There isn't a clear news suggesting that countries with their respective government is now printing huge amount of money, I know everything is planned and there's no reason for them to make their economy worse by printing more fiats.

Going back, choosing between gold and bitcoin as a safe haven to consider is quite evident. Bitcoin provides us with services and Gold provides us with secured value of investment. It is not just because Gold is tangible but gold shows a stable market price over time. It might not increase that much compared to bitcoin but I think it fits Gold, the definition of safe haven. But it doesn't mean that Gold is better than bitcoin. Both assets, physical or digital have their own advantage and disadvantages. So comparing it holistically in all manner is not reasonable.

mycryptocoin

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Now I beleive Gold is still safe, Bitcoin is risker. The world crisis is coming, the government are constantly printing more money, leading to inflation. Therefore, hoarding of gold is necessary and will bring more benefits than keeping paper money or expanding on investment.

Bitcoin or cryptocurrency is more risk now because the price is not stably. You can see the Bitcoin's price near time, maybe pump to 9k$/BTC and mabe lost many, just 5k$/BTC

shoreno

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Quote from: DabsPoorVersion on May 13, 2020, 12:32:01 AM

Quote from: ?? on ??

I would like BTC. Gold is now much more expensive than before. It can drop at any time. BTC is currently 9000$+, it can increase or decrease. But hopefully it will grow. If epidemic Covid 19 hadn't arrived, maybe BTC would have been somewhere else today.

Isn't it the word it can drop any time applies more on btc than gold?

Gold is much stable than btc where it makes it more perfect to call as a safe haven. A safe haven is an investment that is expected to remain or increase its value for years. Which is unlikely to bitcoin because of its volatility, it is true that from the time btc started, its price is really different than before, but no one knows what will happen to its price because of its volatility.

yes . that maybe a miss write only on his side . i heard people call bitcoin as a safe haven before but i havent hear they call gold as a safe haven .

it could be that these people utilize thier money more on btc more than gold . i havent tried investing on gold but i feel that gold is less risky although if i were to pick one right now , obviously i can grab btc imediately because there are many sources to easily get a btc more than gold .

retnoanjani

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Quote from: Amlloi on April 29, 2020, 04:21:29 PM

snip

Please tell me when do you think Bitcoin will replace Gold as a safe haven and why?

Gold and bitcoin are investment products that are equally profitable and both have different characters. Gold has existed for decades and market confidence is very large, in contrast to bitcoin. On the other hand, bitcoin offers the speed of price growth, it's just a big risk because it is very volatile. A wise investor will surely benefit from both without eliminating one. cmiiww

peter0425

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To the Disclaimer i am just commenting what i think is right about the question.

I will Choose Gold for safety investing(without volatility and manipulation wise) and this is Physical that we can be assured will be in our hands.

Bitcoin on the other hand is best if you can risk your money and may take it as investment that no assuring of when to make a profit and when to lose.

rodskee

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Quote from: Debonaire217 on April 30, 2020, 12:53:46 AM

With the recent market price downfall of bitcoin due to the crisis of COVID19, it has imparted me that bitcoin couldn't be classified as a safe haven for our investment. One indication O consider is if it can maintain its price so that it is still profitable to sell it even in times during crisis, but it turns out that Gold possess this characteristic compared to bitcoin. What about stable coins? No, stable coins are priced at dollars, and even dollar's value is fluctuating. Going back, Gold over time is increasing its market price because it's supply isn't too much. Meaning to say that owning a Gold is like having a BTC and it doesn't mean that BTC is a safe haven like Gold.

And looking to the market price now?This is the best way how to consider investing in bitcoin as last month the price went fall to 4000$ value and check today
https://coinmarketcap.com/
If we come to buy that moment and selling today means you are profiting more than 💯 of your capital?this cannot be afford if you put your money in Gold alone thats why i think better consider buying gold but put more than half in bitcoin so the more advantage of gaining.

What if people doesn't know to much on bitcoin do you think its good idea for them to split up their investment?

So theya re not the one i am pointing ,simple as that and how can
you expect a person to make investment
in things he don't really know?thats a suicide mate and only Fool will
do such thing,i am talking to the general
public who knows about bitcoin and gold so they can try it harder to
invest on both since this is the safest way
now as market seems nothing to make stable or continues to grow.

DabsPoorVersion

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Quote from: ?? on ??

I would like BTC. Gold is now much more expensive than before. It can drop at any time. BTC is currently 9000$+, it can increase or decrease. But hopefully it will grow. If epidemic Covid 19 hadn't arrived, maybe BTC would have been somewhere else today.

Isn't it the word it can drop any time applies more on btc than gold?

Gold is much stable than btc where it makes it more perfect to call as a safe haven. A safe haven is an investment that is expected to remain or increase its value for years. Which is unlikely to bitcoin because of its volatility, it is true that from the time btc started, its price is really different than before, but no one knows what will happen to its price because of its volatility.

FanatMonet

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Quote from: ?? on ??

Both gold and bitcoin are safe investments in this case. For various reasons, but nevertheless.

Gold is suitable for ordinary investment to people who do not want to monitor the news of the crypt 24/7, because of which, it can fall very much.
Bitcoin is very volatile, and this is a big problem for most investors who want to invest in the long term.

MFahad

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Quote from: hatshepsut93 on May 03, 2020, 05:37:28 PM

Quote from: coolcoinz on May 01, 2020, 11:20:05 AM

They both are. We just have to decide what are we trying to save ourselves from. If you want to hedge against traditional markets gold is a bit better because it tends to hold its value better but if you're looking for something that will allow you to transact during a crisis, Bitcoin should be your first choice. Gold is very hard to spend and while it's still hard to find stores that sell stuff for BTC, finding ones that will sell for gold is almost impossible.

People often forget that Bitcoin's properties were designed to allow users to hide and secure their money against malicious third parties, so Bitcoin is indeed a hedge against third scenario's like wars or dictatorships. But the thing is, they are relatively rare and not everyone is going to flee their country just because it's at war. So, for most people on the planet those feature aren't as useful as something like being a hedge against economy, since economic disasters are more common.

If bitcoin is truly used as a currency, its value will be far more high beyond imaginations. Consider the whole world using bitcoin as a one world payment solution and we have only 21 million of those bitcoins. The demand will make bitcoin price to reach 100,000$ or more.

evasmith594

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In my opinion, Gold is a safe investment than bitcoin as gold has been used since a very long time. Also I feel bitcoin is more volatile than gold in the market. But if we see today's scenario, BTC is going to much higher prices and it is beneficial for seller more likely and its predicated that it will go more higher.

AlgoSwan

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ancap

When there is state, there is no safe haven! (even land is not safe haven)

The essence of the state throughout history is a minority of the population, constituting a power elite or a “ruling class,” governing and living off the majority, or the “ruled.” Since a majority cannot live parasitically off a minority without the economy and the social system breaking down very quickly, and since the majority can never act permanently by itself but must always be led by an oligarchy, every state will subsist by plundering the majority in behalf of a ruling minority.

The State is the organization of robbery systematized and writ large. The State is the only legal institution in society that acquires its revenue by the use of coercion, by using enough violence and threat of violence on its victims to ensure their paying the desired tribute. The State benefits itself at the expense of its robbed victims. The State is, therefore, a centralized, regularized organization of theft . Its payments extracted by coercion are called “taxation”.

Both gold and BTC can't be taxed. They are better than land in this sense. But still miners of both instruments living in a country run by a government. No safe haven!

jubalix

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Gold can be confiscated

Gold price can be held down by gold cert printing ad Infinitum

Gold is hard to transport

Gold is hard to prove the purity

Gold is heavy

Gold requires a vault/safe

Gold is not native to the internet

Gold is subject to captial restrictions

Gold cannot be taken through the AirPort with you

what do you think?

fiulpro

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! !BUY Property! !
Buy a piece of Land when the price is down and trust me property sector is going to keep on increasing forever because of the people who are never Willing to decrease the population curve .
Humans have the innate requirement to leave their offsprings and therefore I do think nothing is going to back it off . Even if people have 1 kid , there are countries which are far beyond Saving. See when we study biology we study the exponential growth curve of bacteria where after Lag phase and log phase the bacterias and other microorganisms starts making the environment more toxic for each other and which in turns kills them eventually .
Population boost is something that we should be scared of , but at the same time everything aside , it's an excellent earning source of you are able to make a stable investment .

kayvie

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It's gold, we all know that gold has been used as safe haven for years. It can hold its value even before and continue to rise slowly over time. While Bitcoin can drop its price at any time or vice versa. It includes a big risk that was really different when using gold as a safe haven.

Reatim

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Quote from: freedomgo on May 12, 2020, 12:39:23 AM

Obviously gold, though I am here in crypto but I wouldn't lie because we all know how stable gold is an investment and we know how risky it is to invest with bitcoin. But then, though I invested in gold, I am a bitcoin investor as well because I trust its future to be a success.

I think Gold is not that stable as well though in some ways you are correct but i would rather Buy them both than choosing one.

we have already experienced and taste how good Volatility of bitcoin can give us,in 2017 we are all in good mood trusting and gaining from this currency while Gold still almost the same price up to now.
so Better consider them two for investing than choosing 1.

freedomgo

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Obviously gold, though I am here in crypto but I wouldn't lie because we all know how stable gold is an investment and we know how risky it is to invest with bitcoin. But then, though I invested in gold, I am a bitcoin investor as well because I trust its future to be a success.

Mehedi72

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for safe investment, you should go for gold. because of its stability, price and safety. But if you want to take high risk, then you can go for bitcoin investment. Let you know, anybody can't predict actually about bitcoin. SO Can't say that bitcoin can be a safe investment

rosepetals

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I agree to some point that gold still safer than Bitcoin.Since Bitcoin is very volatile it can rise any time and fall also.Gold will always be a good investment for a longer period of time but Bitcoin also have great possibilities to grow it's value more,let's see after the halvings will be done.

xiboothrezi

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Quote from: Amlloi on April 29, 2020, 04:21:29 PM

Please tell me when do you think Bitcoin will replace Gold as a safe haven and why?

Even though the price of BTC can reach tens of thousands of dollars, it is not a guarantee that BTC can be safe heaven. The bitcoin market volume is still too small to fulfil the concept of safe heaven assets where traders divert money from risk assets to safer assets to maintain investment value when risk and losses increase. IMO, regulatory issues also increase manipulation and the level of fraud risk.
BTC continues to grow according to its characteristics, it doesn't have to replace gold to become popular because it has a strong character. A good investor will certainly take advantage of both, depending on the right conditions and timing.

Topic: Which investment is a safe haven Gold or Bitcoin? (Read 1033 times)