Which investment is a safe haven Gold or Bitcoin? - page 4.

camito

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Quote from: Amlloi on April 29, 2020, 05:21:29 PM

In my opinion, I think we should not expect investors to easily consider Bitcoin as an alternative investment to high-status assets such as gold and commodities. In fact, Bitcoin still has a long way to go in order to catch gold in terms of history, price stability, and accessibility. So, a word of caution is warranted here. The status of Bitcoin in the international financial market
is far from being solved, despite the launch of the Bitcoin futures contracts by the CME and CBOE in December 2017, which added some legitimacy to Bitcoin and may ultimately help manage its price volatility.

I can see investors and traders now have strong empirical evidence that Bitcoin has some of the virtues of gold and commodities against extreme down movements in the world stock market index. However, stock investors in developed markets have no choice other than gold as a safe haven asset ( as we have seen recently during the crash of March when investors turned into gold), given that Bitcoin fails to offer such a property. Interestingly, Chinese investors can consider Bitcoin as
a safe-haven asset despite the restrictions taken by the Chinese government against Bitcoin exchanges and trading activities.

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

The reason why investing on Gold is preferred over Bitcoin is infinitely proven. Investors and stockholders can easily track their investments and can take fast action towards their investment. Bitcoin has proven its contribution to generating a good amount of coins and money itself. It's its price stability that makes it an underdog. Literally, I think there must be no debate which one is better because they fall into different categories and has unique characteristics in making a businessman earn. They are both economical and good, it is just a matter of using these currencies wisely; being used to someone's advantage.

adzino

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For majority of people, investment on Gold is going to be a save haven for them. Gold is well known. Every people around every corner of the world knows what gold is and also knows that fact that its really valuable. On other hand, not everyone knows about bitcoin. You will find people out there who might have heard about bitcoin but doesn't even know what it is. Again, even if they did hear about bitcoin, the media along with the government kinda did bring up some negative views of the cryptocurrencies, thus people will hesitate to invest on bitcoin.

MCobian

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For now I must admit that gold is safer than bitcoin. Because the price is more stable and legally more stronger. We know that not
all countries legalize bitcoin, here is a bitcoin weakness. So in the near future I prefer gold as a safe haven. But a few more years or
in the future the possibility of bitcoin can beat gold, now bitcoin still in a period of development. So it takes more time, so that bitcoin
can be legalized in all countries and is more popular than gold.

Oceat

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Quote from: FlightyPouch on April 30, 2020, 06:35:03 PM

In terms of being safe, I would go 100% with Gold since there are a lot of times that it is proven how good it is as an investment. Bitcoin is good too but not that safe since we all know how volatile it is in the short run though we should also consider the profits bitcoin gave in the long run. Even though it is volatile, in the long run, people got a lot of profit from it.

I can't argue this to other people since it always depends on their own choices because both have their pros and cons. I actually like gold to be as a safe haven but just like I said they both have pros and cons that's why I am more into Bitcoin than gold. The usefulness of both are depending on the situation just like these days when we have pandemic cryptocurrency is quite useful for sending money to anyone anytime.

samcrypto

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Gold seems to be more a safe haven in history but since bitcoin already came to give us more option, I believe that gold and bitcoin will be here to help us and to serve as our safe haven investment. Holding some gold and bitcoin makes me more comfortable with my investment, there’s still a big risk but its all up to you on how you handle that risk.

Oasisman

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Quote from: bitbunnny on April 30, 2020, 04:54:50 PM

However, to my opinion Bitcoin is more profitable and more dynamic type of investment but you have to be more involved in the market.
So, basicly everything depends on your prefernces, available funds and risk you can handle.

If one is invested to cryptocurrency, he must be active and allocate more time in monitoring the market movement. Hodling Bitcoin ain't as easy as just selling high or buying low, one must set a good selling point and study the TA's to predict the possible price peak.
Anyway, investing in Bitcoin needs strong risk tolerance. The higher the capital is, the higher the ROI will be.

Bitcoin is indeed one of the most profitable investment IMO in the modern world today. May it be a long term or short term investment. But, Gold is still the safest heaven. It might not be as profitable as Bitcoin, but sure it's far more valuable than any other form of currency in the world.

crustycrab666

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Quote from: Amlloi on April 29, 2020, 05:21:29 PM

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

IMO, nothing replaces each other. Gold remains a safe haven as it should be, and bitcoin will also have a better advantage on the other side. However, compared to other investment product markets, the highest risk cryptocurrency, maximum effort is needed. But when a good opportunity comes, the benefits double, outweigh the risks. So, it's better to combine the two, invest in gold and crypto, so you can take advantage of the benefits of both.

Quote from: FlightyPouch on April 30, 2020, 06:35:03 PM

In terms of being safe, I would go 100% with Gold since there are a lot of times that it is proven how good it is as an investment. Bitcoin is good too but not that safe since we all know how volatile it is in the short run though we should also consider the profits bitcoin gave in the long run. Even though it is volatile, in the long run, people got a lot of profit from it.

See? gold and bitcoin both have advantages and disadvantages. If we combine the two, we will have a better chance, besides putting all the eggs in one basket is too risky.

FlightyPouch

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In terms of being safe, I would go 100% with Gold since there are a lot of times that it is proven how good it is as an investment. Bitcoin is good too but not that safe since we all know how volatile it is in the short run though we should also consider the profits bitcoin gave in the long run. Even though it is volatile, in the long run, people got a lot of profit from it.

Ridwan Fauzi

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Gold is still being considered as safe haven place rather bitcoin. Most people know gold and they also believe that gold is safe to store their money. In any crisis gold is still remain become as main place to store their money. As you can see now, the gold price has been increasing in this situation compared to another investment place.

I haven't saw it in bitcoin right now, at this situation they people still doubt again bitcoin although we have seen an increase for its price a few times ago but I didn't think that is real the people believe bitcoin. I've thought that this increase price is caused by halving event and it won't take a long time.

bitbunnny

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Every investment takes a certain risk, you can't escape that but everything depends on your risk apetite.
If you are more conservative investor, more inclined to traditional investment types then gold might be better choice for you.
However, to my opinion Bitcoin is more profitable and more dynamic type of investment but you have to be more involved in the market.
So, basicly everything depends on your prefernces, available funds and risk you can handle.

canaris1985

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It all depends on the chosen timeframe. A year ahead? Gold is definitely the option. Would I choose gold? No, cause I think long-term

Twentyonepaylots

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Quote from: samcrypto on April 30, 2020, 10:28:15 AM

Gold seems to be more a safe haven in history but since bitcoin already came to give us more option, I believe that gold and bitcoin will be here to help us and to serve as our safe haven investment. Holding some gold and bitcoin makes me more comfortable with my investment, there’s still a big risk but its all up to you on how you handle that risk.

Nothing is safer investment than gold, and that should be enough to answer the OP's question about it. It has been talked for a very period, I guess it's time not to compare bitcoin with gold anymore, Gold has been here for the ages, the government already made it as reserve for the country so that basically means gold is the safest investment. We tend to compare bitcoin with gold just for a single reason, the price, when in fact gold has more advantage than bitcoin in many aspect.

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Bitcoin is anything but stable, Gold is the most effective on crypto market. the asset sharing important attributes with these precious metals has caused a safe haven narrative to surround the asset since the start of 2019, when the cryptocurrency began rising alongside gold. Bitcoin having already traced down from $9,200 to $7,700 and then to $7,200 in the prior few days, plunged from $7,200 to $3,800 before spiking up and settling in the $4,800 to $5,200. Bitcoin market move tested the resolve of bitcoin bulls who had expected the upcoming halving to continue to drive the price higher.

pragna

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Actually if i have access i will invest both of them because When i compare BTC with gold, BTC is best at present time as BTC price goes rapidly up when market goes high even in one day it cross $1000 that i don't see in gold. But when it goes down it also goes rapidly and this is big problem here.

On the other hand i can store gold for long term investment because its price fluctuation is low but its price goes up slowly. So here i tried to mention that two different things are two different strategy and choose is yours.

thanks.

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Quote from: Amlloi on April 29, 2020, 05:21:29 PM

In my opinion, I think we should not expect investors to easily consider Bitcoin as an alternative investment to high-status assets such as gold and commodities. In fact, Bitcoin still has a long way to go in order to catch gold in terms of history, price stability, and accessibility. So, a word of caution is warranted here. The status of Bitcoin in the international financial market
is far from being solved, despite the launch of the Bitcoin futures contracts by the CME and CBOE in December 2017, which added some legitimacy to Bitcoin and may ultimately help manage its price volatility.

I can see investors and traders now have strong empirical evidence that Bitcoin has some of the virtues of gold and commodities against extreme down movements in the world stock market index. However, stock investors in developed markets have no choice other than gold as a safe haven asset ( as we have seen recently during the crash of March when investors turned into gold), given that Bitcoin fails to offer such a property. Interestingly, Chinese investors can consider Bitcoin as
a safe-haven asset despite the restrictions taken by the Chinese government against Bitcoin exchanges and trading activities.

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

Gold has quite a long history of being valued and at least relatively stable. It doesn't often rise but it doesn't seem to crash hard either (if compared to Bitcoin, of course). So if we're talking about the global economic crisis and the main aim is to ensure minimum losses, then gold might be a good choice. If one's willing to risk and get a chance of actually profiting, then Bitcoin is probably more promising. Bitcoin is not a safe haven, not yet. Maybe it will become one after a while, or maybe there'll never come the day when there will be a need for that. IMO for Bitcoin to truly succeed like that, top fiat currencies must crash, and perhaps it's not happening anytime soon (although I thought it might happen this time).

soltantgris

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Both investments are safe havens, but bitcoin has slightly other goals.

maydna

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I guess gold is a safe haven until now because the value of gold is not too volatile than bitcoin. Besides that, people out there still choose gold as the other investment without mention bitcoin as the new technology that can be a new investment for them. But if people can accept the risk of bitcoin volatility, perhaps, they will choose bitcoin as a safe haven because bitcoin price can change from time to time.

Bitcoin can be a safe haven if the price does not change every day because that can make people too afraid to invest their money. But if they want to use bitcoin as a long term investment, they don't have to afraid of the price because, in the long term, bitcoin price can increase so high. So that will depend on yourself, which one you will choose whether bitcoin or gold.

CDC AP

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If you are talking about safe investement.....then there is no question that gold is much much safer....neither it can grow multiple times neither it will go down drastically...gold is not as volatile as the bitcoins

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Quote from: CDC AP on April 30, 2020, 02:14:54 AM

If you are talking about safe investement.....then there is no question that gold is much much safer....neither it can grow multiple times neither it will go down drastically...gold is not as volatile as the bitcoins

In terms of volatility then yes gold is much better and can be as safe haven due to its nature where the movements is not volatile as Bitcoin was. While in the other side in terms of profitability Bitcoin is much better since the value still according with speculation and the more investment the more chances that the value will continue to grow and bring bigger benefits.

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Quote from: rodskee on April 30, 2020, 07:07:28 AM

Quote from: Debonaire217 on April 30, 2020, 01:53:46 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? then no since we all know how hard the volatility of bitcoins is and it's so unpredictable, even if we see a huge pumping right now we can't say that it will continue to rise up since for sure there are series of dumps will occur which could upset the investor and lead to lose their capital.

Compare to gold where we know where our money heading and we can assure that this is safe commodity so for this comparison I go for gold.

Topic: Which investment is a safe haven Gold or Bitcoin? - page 4. (Read 1001 times)