Which investment is a safe haven Gold or Bitcoin? - page 5.

rodskee

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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.

Eugenar

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This topic has been debated for so many times, I have already seen so many post like this asking about bitcoin and gold well, in fact, both things are different because the bitcoin happens online while gold is in real life. Well as I have learned from my future professor bitcoin and gold should not be compared because they are totally different, thingsprevail uld be done on a different medium.

But for the sake of the OP's post, bitcoin is always better for me compared to Gold because in bitcoin I can earn more money because it has higher money in return

Quote from: carter34 on April 29, 2020, 05:36:20 PM

I will choose bitcoin ahead of gold. The reason is because bitcoin is new age technology and therefore has the advantage of higher growth because of usage. And recently, bitcoin has not dropped in price till now despite the global health problems.

Well said, we are now 21st century and technology keeps on evolving including the cryptocurrency so I think this will be the safest haven compared to others.

ReiMomo

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Quote from: soltantgris on April 30, 2020, 03:17:38 AM

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

Correct, any related to physical investment is safe but when it comes to digital currency investment is quite risky but if you have fully monitored into it you will potentially gain profit in the future. Some people consider Bitcoin as a safe haven because this is not correlative to the stock market price and you will see even we are still in economic crisis and maybe we are in a recession but the crypto market price was showing good results n the market.

KrisAlex18

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I've seen so many topics related to this one, they always tend to have debate about which one is the best for investment, bitcoin or the gold? How long this topic will be posted if there are already answers with it.

Gold is really good for investing for a long time because gold increases its price over time but its not that high compared to bitcoin, so if you want to invest where you can assure yourself that you will get profit in future you may choose the gold but do not expect so much in return, not like with the investment for the bitcoin, bitcoin has its feature of being volatile, it changes time by time, it is really good ofr investing both long and short term. You may have a big profit when you invest with compared to gold but always remember that you are taking a risk when doing so.

Debonaire217

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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.

AniviaBtc

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Quote from: NavI_027 on April 30, 2020, 12:31:48 AM

Whether Gold or Bitcoin, they both posses risks. Their prices are both volatile so there's no guarantee that you will not lose money when you choose either of the two. However, I admit that gold is much safer than crypto at least for now. I mean, it is safer in a sense that it was widely recognized across the globe. Unlike btc, it was banned on other countries because government treat them as enemy. People are still not aware of this new technology thus got less adoptions.

Nevertheless, if you asked me, I still prefer bitcoin because of its decentralization and easy accessibility Cheesy

. Plus, it was less hassle since you can buy/sell it even while you are home

.

@SatsLife ~ You should merge your two posts into one dude. That would be much better.

That's right the using bitcoin is much risky compared to Gold but it is guaranteed that bitcoin can give you more profit because of its volatility that can surpass the price of gold. You can't control risk in bitcoin but you can manage your money properly without any hindrance because you have 100% control on your assets. Don't you ever compare gold and btc because they have their own advantage and it is based on the timing when you will use them in transactions. When it comes to the market, if you know how to deal with the market then you should choose bitcoin. For me, bitcoin is for a short term store of value because its price goes up and down depending on the situation and state of the market.

SatsLife

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Quote from: Darker45 on April 29, 2020, 11:08:39 PM

For now, I would think gold preserves our money's worth a little safer. I mean, it is next to impossible to devalue gold. People cannot just suddenly consider gold as just another kind of rock out there. Gold's value dates back to the oldest of ages. Bitcoin's value, on the other hand, is too volatile that it might actually turn your money's worth into a quarter in just a few days. The catch, however, is that it could also possibly quadruple its value in a couple of days.

Still Pricing things in dollars. smh.

Darker45

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Quote from: SatsLife on April 29, 2020, 11:25:49 PM

Quote from: Darker45 on April 29, 2020, 11:08:39 PM

~snip~

Still Pricing things in dollars. smh.

Which is unfortunately inevitable at this point in time. Perhaps we could have a different one in the future. But at this point we cannot just price stuff in troy ounce or in Satoshis. Whether we like it or not, we cannot yet brush off either gold or Bitcoin's value in USD or other fiat. Realistically speaking, we cannot yet say 1BTC is 1BTC and 1 t oz in gold is 1 t oz without taking into consideration their respective dollar value.

Latviand

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Quote from: Rengga Jati on April 29, 2020, 07:33:43 PM

Gold is a safe investment both for short or long term investment. The characteristic is not volatile, it will keep increasing along the time. However, the increase will not jump as high.
Bitcoin is a very promising investment, you can gain high profits only in a short time. However on the other hand, you may also lose a high amount in a short time. For, Bitcoin is high volatility, it is always fluctuating. We can control the price of BTC because the price will depend on the market.

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

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

I will not think about it because BTC will not replace gold. The two will exist and develop together without another should be replaced or replacing. They are a great investment for all.

Gold is really a good store of value compared to bitcoin that is very volatile in the market, and its price varies in time either up or down. That's why you should also manipulate your asset and not rely on the environment because market is not that stable. BTC is good in a market when you manipulate it based on the right time where its price is in its peak, Gold is just a store of value where you can really touch them and wait for the right time for it to sell. If you really want a high profit in a short period of time then choose bitcoin, but if you want a profit for a life long value then you should invest in Gold. The only thing you need is to watch for the movement in the market to prevent losses in your investment.

NavI_027

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Whether Gold or Bitcoin, they both posses risks. Their prices are both volatile so there's no guarantee that you will not lose money when you choose either of the two. However, I admit that gold is much safer than crypto at least for now. I mean, it is safer in a sense that it was widely recognized across the globe. Unlike btc, it was banned on other countries because government treat them as enemy. People are still not aware of this new technology thus got less adoptions.

Nevertheless, if you asked me, I still prefer bitcoin because of its decentralization and easy accessibility Cheesy

. Plus, it was less hassle since you can buy/sell it even while you are home

.

@SatsLife ~ You should merge your two posts into one dude. That would be much better.

xenxen

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my choice is bitcoin because it has the potential to rise in price. because some day bitcoin will be used more so i would say that it is better to invest and buy bitcoin than gold. Although gold is safe to invest but when it comes to fast-paced prices, bitcoin is better.

sunsilk

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Depends to your outlook between the two investments but obviously, the majority will say that it's gold as a safe haven but for us that would be bitcoin. I think there's no need for everybody to think that bitcoin will replace gold as a safe haven.

They can be at par and be preferred by most. To those investors that wants to see a tangible safe haven then that would be gold and for us who prefer digital and can keep it on a hardware wallet or any other safe storage, we prefer bitcoin.

SatsLife

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Quote from: Gafman on April 29, 2020, 05:45:59 PM

For a longer investment, i will go with Gold, Bitcoin have recorded more than 100% rise and drop in price in a short period of time which can be really frustrating depending on the period of time the investment is meant for.
Basically, For Price Stability: Gold
For more income/Risk: Bitcoin

The more you learn about bitcoin, the less riskier it is. Your speculative investment is my savings account.

Darker45

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For now, I would think gold preserves our money's worth a little safer. I mean, it is next to impossible to devalue gold. People cannot just suddenly consider gold as just another kind of rock out there. Gold's value dates back to the oldest of ages. Bitcoin's value, on the other hand, is too volatile that it might actually turn your money's worth into a quarter in just a few days. The catch, however, is that it could also possibly quadruple its value in a couple of days.

Sadlife

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Gold has a stable price and the safest asset to invest which you could hold long term it is also cannot be manipulated in its total supply which is what fiat is doing that will eventually lead to inflation.
Bitcoin on the other hand has still a lot of roam to grow and investor is still skeptical in buying into it. But BTC will show its technology and fast transactions that's decentralize, if the current monetary system leads to a financial crisis.

CSTOKEN

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i would choose both . gold is getting hard to buy right now .

MicroGuy

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Quote from: Baofeng on April 29, 2020, 08:59:50 PM

Bitcoin replacing Gold? Can governments have bitcoin reserved?

. What makes gold more attractive as a safe haven its because it has been tested already, you just have to check how Gold was used during WWII and you will understand why government or even individuals prefer it more than bitcoin today. Of course there are still narrative that bitcoin can be safe haven, but that narrative was put into question when the whole corona virus crisis and it seems that we have a long way to go before we can say that bitcoin can be an hedge against pandemic and the looming recession.

Bitcoin doesn't care about the Corona Virus. This entire engineered pandemic is irrelevant as it relates to BTC.

Baofeng

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Bitcoin replacing Gold? Can governments have bitcoin reserved?

. What makes gold more attractive as a safe haven its because it has been tested already, you just have to check how Gold was used during WWII and you will understand why government or even individuals prefer it more than bitcoin today. Of course there are still narrative that bitcoin can be safe haven, but that narrative was put into question when the whole corona virus crisis and it seems that we have a long way to go before we can say that bitcoin can be an hedge against pandemic and the looming recession.

Rengga Jati

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Gold is a safe investment both for short or long term investment. The characteristic is not volatile, it will keep increasing along the time. However, the increase will not jump as high.
Bitcoin is a very promising investment, you can gain high profits only in a short time. However on the other hand, you may also lose a high amount in a short time. For, Bitcoin is high volatility, it is always fluctuating. We can control the price of BTC because the price will depend on the market.

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

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

I will not think about it because BTC will not replace gold. The two will exist and develop together without another should be replaced or replacing. They are a great investment for all.

MicroGuy

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Gold is obviously the safer haven. Bitcoin might rise to $20K or it might fall to $500.

Topic: Which investment is a safe haven Gold or Bitcoin? - page 5. (Read 1001 times)