Topic: Which investment is a safe haven Gold or Bitcoin? - page 3. (Read 1033 times)

Gold mines are found and there is no limit for the amount of gold left to mine and you can correlate to the coins which are not limited in circulation, yearly around 3000 tonnes of gold are added to the total supply and it is not a small quantity considering the price.

The idea of safe heaven depends upon the amount of risk one is able to take, gold is a proved asset for centuries as a safe heaven but with bitcoin you cannot call it a safe heaven until proven, investors who are optimistic might considers bitcoin as a safe heaven, if all depends upon your entry point and how long you are planning to hold.

Indo not understand why people have started comparing Gold with Bitcoin. Bitcoin is only a decade old and the amount of expectation from it is very high.

I prefer to invest in both. In my opinion those who do not want risk and want to cash out on their investment at any time they should go for Gold.

Those who are okay with market risk and want to earn high return they should invest in Bitcoin. The risk is significantly high to Gold but the return are also very high.

in the future, I might choose both. however, for now, it looks like the conditions are good enough to have bitcoin. Well, the current movements are seen to exceed the price of $ 10,000. I am not sure that gold can add up to $ 2000 in a short amount of time. Well, this is still a prediction, so this is very risky. however, this is only my opinion, because I think that halving will bring bitcoin prices higher

Golds and Bitcoins are both good investments in terms of their value for gold historically is considered one of the most precious assets, and become as the measuring tool for the value of other assets. While bitcoin though is still new but has already shown us the stability of its value even during this time of crisis and there is economic recession globally.

For us to find out which is the better safe haven we must consider how the value of these two can be affected or can easily change base on the economy. During this global economic recession where foreign exchange keeps on going down, and if it continues then the value of gold will be affected as well like when you buy a bar of gold right now and because of this economic recession, there will be no guarantee that you may sell it on a higher price.

Bitcoin and other cryptocurrencies since these are decentralized then its values cannot be easily affected by the economic recession. Though, like other investments, there are always risks better to do researches before considering it as your safe haven. And to answer your question in my opinion it will be Bitcoin but that is only for me.

Both can be worthy of long-term investment but quite not good for Gold when we are looking at a good and big profit in a very short period of time. But if we are talking about the risk, Bitcoin makes more steps ahead of Gold. And that people may think if Bitcoin is a safe haven? and from that volatility itself, definitely, you can tell that Bitcoin is truly not.

Gold can't ever become a currency, it is purely an asset unlike Bitcoin can do (both digital asset and currency). That is why we can't compare them both when we are talking about currency to be used in the future.

It probably we are not talking about digital but physical gold.
The thing why (physical) gold is a safe haven it is because its price moves high every year. Though not that much but it is satisfying enough compared to what we got bitcoin which usually will come into ups and down all the time.

We can choose both gold and bitcoin if this allow your funds to invest. Remember this will give you benefit once you invest in gold and bitcoin. Just being be wise to earn profit from your money.

Every action there must be a risk about security, gold and bitcoin also have the same thing in storage and investment.

Confidence and trust are strongly recommended in investment, meaning that we know what gold is and what bitcoin is and how it is stored, Bitcoin and gold have their own way of storing gold in the form of real goods that can be held at home and bitcoin cannot be held and touched only stored on the internet technology network.

So here you can take a conclusion about your investment and security, logically you can consider it stored at home or on the internet.
You can take a safe conclusion which if you invest.

gold and bitcoin.

Well personally i'll take gold bitcoin can rise and go down in very short amount of time and gold is very much more stable than bitcoin so i would personally suggest to go for gold as it is safer.

Bitcoin and Gold are both great investment, however we are living in a new generation where technology is used everytime and with that, I think I will choose Bitcoin over Gold as a safe haven because of the fact that earning is more easy on Bitcoin than Gold, also the price of Bitcoin changes a lot which means there is a lot of opportunity for us to make a lot of profit.

For safety you investment better to invest with gold because never have chance and low risk by investing with gold, but other way you will lost chance to get much profit with how much you can earn with bitcoin but have big risk when bitcoin down to lower price.

Choosing between Gold and bitcoin as a safe haven for finances depends on each individual, to make things clear both bitcoin and gold have a fixed amount (gold has a fixed amount in the universe). Here are some things to consider, gold has been on the market for a long time and it has once been the symbol for how much a country is worth and for me gold is the safest bet as a safe haven for my finances, on the other hand bitcoin is still a young technology and still can be innovated to reach greater heights, the advantages that bitcoin possess is that anyone can have one unlike gold which is difficult for a layman like almost anyone to acquire, bitcoin have the storage capabilities that a gold cannot possess because of physical limitations, there are distinct disadvantages that the bitcoin have, one of them is popularity, if you make a popularity survey about different asset safe havens, bitcoin will not come to the minds of many people, there are varying reasons for this but in my opinion is like what I said earlier is that this is still a young technology and I believe the rise of popularity will soon come bigger than ever, and the last one I can think of that is significant for many people is its fluctuation in the market, the prices take a dump real quick and the next day it recovers, it is very hard to predict but I think this disadvantage could be used for better purposes if an individual knows how to analyze these fluctuations and use it to his advantage.

In conclusion, safe haven depends on each individual, if you want to play safe, you can invest half and half of your funds on both these safe haven, it minimizes the risk but the returns are a so and so.

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.

But are those people really using bitcoin? Are we all using crypto currency during this pandemic to avoid the contamination of this virus? I don't know about your countries but in ours, people aren't. As the government gives in aids(fiats) to their citizens because of the pandemic, the more they use fiat since it is also the fastest way for them to buy their needs in this pandemic.

Ever since i am young Gold is always what i use to invest like when i got my first job i bought a bracelet that cost more than 1 month of my compensation and until now all of my collections are still in my Vault same as those given by my parents and grandparents.

But since i start learning blockchain?I then realize that there is nothing more much better to invest here in crypto because this is the currency of the future and we must accumulate now before it goes so far soon.

Bitcoin does not cover or reach all people. Unlike gold which is already known by many people in various economic circles, ranging from the lower classes to upper classes.

Bitcoin and gold are different and have characteristics that cannot be compared. Bitcoin is fluctuative in price and cannot be controlled by anyone, while gold remains at a stable price that tends to be stable following inflation, the dollar exchange rate and the current global economic situation.

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Gold and bitcoin is a valuable investment! So why choose on those two when you can diversify your asset and invest on both? Bitcoin is a roller coaster ride while Gold is a steady and good for long term investment. Investing on those two are really good since you can maximize your earning while minimizing the risk of losing your money. Remember that always diversify your asset to get the greatest outcome of your investment. Don't go all in, in one market.

To be honest, I am confused about this now.

Gold is a great investment, to be honest most of the investors are recommending this as an investment, a must-have investment, as they say, it. Bitcoin on the other hand, despite the volatility of it, through the years, a lot of people told me they had a good profit while holding it. Gold and Bitcoin gave good profits for the people and I think despite Gold not being as volatile as Bitcoin, I think there is no such thing as a safe-haven.

When will this debate ever come to a conclusion. Obviously gold is been considered more of a safe heavy investment than bitcoin simply because it has proven over the years to be worthy of this trust and the price volatility is very minimum when compared to other assets most especially bitcoin.

All bitcoin needs is time to overthrow Gold from it's current position as the most trusted asset in the market. In the last 10years, Gold's appreciation in price can't be compared to that of bitcoin in anyway which goes to show how valuable this new assets is becoming. Do understand that the right thing aren't always the best thing to do. Your financial adviser will recommend Gold over bitcoin, but that doesn't mean you should adhere to their advice. Bitcoin's the future of both asset and money.

I think a lot of threads already make comparison about gold and bitcoin, if me i will support both of it to be investment because each of them has it's own advantage. Maybe today we see bitcoin still bright, but no one know about future. If me when i can hold both, i will hold both.