Which one is better. Bitcoin or gold?

Oshosondy

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Quote from: shawonngp on September 22, 2024, 11:28:41 AM

Gold is more stable that means it's for risk free traders, i see gold is increasing in every year, i did not see big price decreasing in the recent years, so gold is not bad for trading i also agree with you, but i would much love to trade in BTC, i am risk taker so here profit is also higher than gold trading, if my amount will decrease definitely it will increase if keep holding long time.

Bitcoin requires more speculation and patience while gold can be used for holding when bitcoin bear market comes. Then buying bitcoin back when the bear market has ended.

Gold can be disappointing but the chance for it to happen is low. Gold was not increasing in price since 2011 to 2015. Also the price increase was not that much until 2020 when it surpassed the all-time which he got to in 2011.

Although I prefer both.

tetra098v

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For in long run bitcoin investment is better than gold but practically gold is safer investment than bitcoin becuase market is not too much volatile than gold market.

shawonngp

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Quote from: superman22 on September 18, 2024, 03:24:10 PM

I will prefer Gold trading compare to Bitcoin. The reason is that my experience talks. Gold is more stable for trading. However, bitcoin depends on different situation. If you decrease amount of bitcoins then there is no grantee that it will be higher or lower. So, Gold has long time value and it is traded almost all countries in the world.

This little bit of information will help you to invest in both but with your budget controlled. Do not invest everything in one bucket.

Gold is more stable that means it's for risk free traders, i see gold is increasing in every year, i did not see big price decreasing in the recent years, so gold is not bad for trading i also agree with you, but i would much love to trade in BTC, i am risk taker so here profit is also higher than gold trading, if my amount will decrease definitely it will increase if keep holding long time.

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Quote from: Dr.Bitcoin_Strange on September 21, 2024, 09:32:00 AM

Quote from: Iranus on September 19, 2024, 10:16:35 AM

If your top priority is still profit, then there is nothing wrong with choosing bitcoin as an investment for the next decade, but I think that relying on a 4-year cycle to invest in bitcoin is no longer a wise idea. What guarantees that after each halving, Bitcoin price will increase? No, we cannot guarantee that and investing to make a profit from bitcoin will not be easy over time. If you only rely on the 4 year cycle, I would consider you a speculator rather than a long term investor.

But investing in bitcoin for the long term (not based on a 4 year cycle) is a wise decision as the demand for it will increase over time and in terms of market capitalization, the growth potential is still huge.

The priority for investing in Bitcoin is for the sake of making profit and also protecting your asset against inflation. So, if I decide to invest into Bitcoin for a decade or four years interval, I will still make profit and I know my capital will not be inflated but would have more value added to it. It must not only be that an investor should invest hold their Bitcoin for interval of four years, depending on what the person wants, they can hold for a longer year, what actually matter the most is if the person have the knowledge of what they are doing or not.

I think the capital will not be inflated if an investor can regularly accumulate bitcoins for more than two cycles. The priority should be to reduce the profit taking trend because if you don't increase the holdings to take profits very soon, you may waste a lot of time in determining the profit taking strategy. If your main objective is to get profit then you should do holding initially so that any strategy will be easy for you. If you want to build wealth against inflation, you should focus on holding Bitcoin as it is going to be a valuable asset against inflation in the future.

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Quote from: arwin100 on September 22, 2024, 07:30:59 AM

People selecting gold are for security since they know that the value of this asset is hard to decline. But for those people who choose BTC over this asset want to test out its high volatility feature since many look forward to earn huge as bitcoin always show some amazing growth for past years.

I'm choosing Bitcoin as I want my money to grow and not to save the value of my money only. Gold are for individual that have made it already in life and they're just looking for a way to preserve thier wealth. But for individuals that haven't made it, you don't have to be seen near anywhere gold is. People that invested in Bitcoin are going to make money while you're left with holding gold that the return of investment has been among some of the worst lately. Investing $10k in Bitcoin can give you $30k or more depending on how well the market does in this bull market but in gold $10k is going to be worth between $12k or $15k in the same duration of Investment.

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Quote from: Rampagoe004 on September 21, 2024, 07:02:19 PM

Quote from: khiholangkang on September 21, 2024, 04:23:52 PM

It looks like we are talking about Derivatives or like Future trade, in this trading art I think it depends on where we understand the characteristics of the asset in fluctuating prices, because people who are accustomed to trading bitcoin which has higher price fluctuations in the price of gold, and people who are not familiar with bitcoin price fluctuations will find it difficult to adapt if they trade in gold with different leverage and price fluctuation characteristics.

For me who is used to bitcoin trading, of course I am more comfortable in bitcoin than gold, I have also tried gold but it is different even though it uses technical analysis from the same understanding.

It's true, as you said, talking about the future where we have to better understand the characteristics and safeguard future assets into a useful investment for us in the future. Now bitcoin has experienced price spikes several times after halving every 4 years with very fluctuating prices, much different from gold, so from here future investments must be able to adapt to the factors that arise.

Actually, Bitcoin and Gold are good as future investments, both have a bright future. I think in this era of technology, Bitcoin will choose as an investment place, while people who are not internet-savvy will choose gold, but remember that both are very comfortable investment places to avoid fiat inflation. from time to time.

People selecting gold are for security since they know that the value of this asset is hard to decline. But for those people who choose BTC over this asset want to test out its high volatility feature since many look forward to earn huge as bitcoin always show some amazing growth for past years.

Although yeah both if really good investment and there's no question with that, But if we gonna choose one over those two selections then provably that I choose bitcoin over gold since my long years of experience to deal with bitcoin is I think enough to know on how I can handle well the investment made with this coin. But since we all know gold is good asset I put some small amount and I just think about it that this is my emergency funds separated.

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Quote from: khiholangkang on September 21, 2024, 04:23:52 PM

It looks like we are talking about Derivatives or like Future trade, in this trading art I think it depends on where we understand the characteristics of the asset in fluctuating prices, because people who are accustomed to trading bitcoin which has higher price fluctuations in the price of gold, and people who are not familiar with bitcoin price fluctuations will find it difficult to adapt if they trade in gold with different leverage and price fluctuation characteristics.

For me who is used to bitcoin trading, of course I am more comfortable in bitcoin than gold, I have also tried gold but it is different even though it uses technical analysis from the same understanding.

It's true, as you said, talking about the future where we have to better understand the characteristics and safeguard future assets into a useful investment for us in the future. Now bitcoin has experienced price spikes several times after halving every 4 years with very fluctuating prices, much different from gold, so from here future investments must be able to adapt to the factors that arise.

Actually, Bitcoin and Gold are good as future investments, both have a bright future. I think in this era of technology, Bitcoin will choose as an investment place, while people who are not internet-savvy will choose gold, but remember that both are very comfortable investment places to avoid fiat inflation. from time to time.

khiholangkang

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It looks like we are talking about Derivatives or like Future trade, in this trading art I think it depends on where we understand the characteristics of the asset in fluctuating prices, because people who are accustomed to trading bitcoin which has higher price fluctuations in the price of gold, and people who are not familiar with bitcoin price fluctuations will find it difficult to adapt if they trade in gold with different leverage and price fluctuation characteristics.

For me who is used to bitcoin trading, of course I am more comfortable in bitcoin than gold, I have also tried gold but it is different even though it uses technical analysis from the same understanding.

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Quote from: Iranus on September 19, 2024, 10:16:35 AM

But investing in bitcoin for the long term (not based on a 4 year cycle) is a wise decision as the demand for it will increase over time and in terms of market capitalization, the growth potential is still huge.

Investing basically means long term and if you want something for short term, it is trading or speculating with the market, but surely not investing.

Quote from: Dr.Bitcoin_Strange on September 21, 2024, 09:32:00 AM

The priority for investing in Bitcoin is for the sake of making profit and also protecting your asset against inflation. So, if I decide to invest into Bitcoin for a decade or four years interval, I will still make profit and I know my capital will not be inflated but would have more value added to it.

Inflation of fiat currencies is their own problems that come from governments and central banks. Bitcoin, fair to say, is inflationary too but it is less inflationary than fiat currencies. Bitcoin has only 21 million bitcoins in total supply, but it's inflationary, however the cap at 21 millions of bitcoin is very good to attract people. It's big difference with fiat currencies that have no caps, very high inflation and no cap.

Quote

It must not only be that an investor should invest hold their Bitcoin for interval of four years, depending on what the person wants, they can hold for a longer year,

5 years is recommended by hodl map.
https://hodl.camp/

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Quote from: Iranus on September 19, 2024, 10:16:35 AM

If your top priority is still profit, then there is nothing wrong with choosing bitcoin as an investment for the next decade, but I think that relying on a 4-year cycle to invest in bitcoin is no longer a wise idea. What guarantees that after each halving, Bitcoin price will increase? No, we cannot guarantee that and investing to make a profit from bitcoin will not be easy over time. If you only rely on the 4 year cycle, I would consider you a speculator rather than a long term investor.

But investing in bitcoin for the long term (not based on a 4 year cycle) is a wise decision as the demand for it will increase over time and in terms of market capitalization, the growth potential is still huge.

The priority for investing in Bitcoin is for the sake of making profit and also protecting your asset against inflation. So, if I decide to invest into Bitcoin for a decade or four years interval, I will still make profit and I know my capital will not be inflated but would have more value added to it. It must not only be that an investor should invest hold their Bitcoin for interval of four years, depending on what the person wants, they can hold for a longer year, what actually matter the most is if the person have the knowledge of what they are doing or not.

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Quote from: Charles-Tim on September 18, 2024, 06:58:29 AM

Quote from: justdimin on September 18, 2024, 06:41:43 AM

It could be considered undervalued considering there is a potential for it to double with ease, when something could double with ease then it shouldn't really be that much of a problem and that would be the most important part. I am not saying that it would be easy to double but it can happen and that is why I believe that we are going to see this growing a lot more. This could be very important if we want to consider which one will make us the most money.

I do not think that gold could double in the next 5 years, whereas I think bitcoin could double within the next year, and that is why it is so important and we can do a lot better with time. We are going to see this growing and bitcoin is undervalued because of that, we can do even more than just doubling, we need to focus on what we can do and we could consider this to grow a lot more and it could be quadruped profit and that would be a lot better and that could be something that is getting greater.

Bitcoin got to over $60000 since 2021 but now which is over 3 years it is still at $60000. So what makes us think bitcoin will double in the next five years if we start counting from 2021? I hope bitcoin will get to $120000 by 2025 but if not, another bear market will come. People as of not will not see bitcoin as undervalued. Let bear market comes and let the price of bitcoin fall before posting about bitcoin as undervalued.

Bitcoin was 60k in 2021 when the bull run has being triggered and the price was almost at its peak but currently, we have not reached that time in this circle because it takes some months after the halving for bitcoin pruce to hit the bull run properly. Like you said, it might be in the first quarter of 2025 that we will see bitcoin price skyrocketing. I expected to see a price above 100k when the bullvrun is at its peak. There is a symmetric bet that bitcoin price will keep moving upward than downward because bitcoin is still early but it os not a guarantee.

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Quote from: Dr.Bitcoin_Strange on September 18, 2024, 02:00:43 PM

Quote from: Gladitorcomeback on September 18, 2024, 12:43:39 PM

If I'm someone who is not looking to get a lot of profit but just want a secure way to keep my money for at least 5 years or maybe a decade, I will surely look for assets that I can trust that they will be around for that long and that they will at least give me something more for my money within a decade. So, would I think of Bitcoin with that mindset? No, I wouldn't, and the reasons are obvious. Bitcoin is a digital currency, it doesn't have a physical existence which doesn't make it the most secure investment asset available despite the fact that it can be very profitable.

A decade is 10 years and within that period of time, Bitcoin is going to halve every four years and the fifth year would be the bull season for the price peak to be reached. If I am given the option to choose between the two assets the one I would like to invest into for a decade, I would rather choose Bitcoin because I will have more profit from it than gold, but if I have enough capital to acquire the two asset at once, I will still do so.

I respect your opinion because every investor actually have the level of risk they can handle.

If your top priority is still profit, then there is nothing wrong with choosing bitcoin as an investment for the next decade, but I think that relying on a 4-year cycle to invest in bitcoin is no longer a wise idea. What guarantees that after each halving, Bitcoin price will increase? No, we cannot guarantee that and investing to make a profit from bitcoin will not be easy over time. If you only rely on the 4 year cycle, I would consider you a speculator rather than a long term investor.

But investing in bitcoin for the long term (not based on a 4 year cycle) is a wise decision as the demand for it will increase over time and in terms of market capitalization, the growth potential is still huge.

But yes, if someone has a large enough amount of money and their top priority is safety, gold would be a better choice.

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Quote from: Dr.Bitcoin_Strange on September 18, 2024, 02:00:43 PM

A decade is 10 years and within that period of time, Bitcoin is going to halve every four years and the fifth year would be the bull season for the price peak to be reached. If I am given the option to choose between the two assets the one I would like to invest into for a decade, I would rather choose Bitcoin because I will have more profit from it than gold, but if I have enough capital to acquire the two asset at once, I will still do so.

I respect your opinion because every investor actually have the level of risk they can handle.

It all depends on the capital, the less funds we own, the more we are willing to risk to increase this capital, but as it grows, most often you will look for less risky assets to invest in, such as gold or real estate for diversification. I think that Bitcoin is moving towards becoming a much less volatile asset, perhaps this will happen in the coming years. So the choice of gold or Bitcoin at the initial stage will be obvious, and then everything will depend on how quickly you manage to increase your capital and how much you are willing to risk your money, but in the end it will be right to distribute funds across different assets.

superman22

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I will prefer Gold trading compare to Bitcoin. The reason is that my experience talks. Gold is more stable for trading. However, bitcoin depends on different situation. If you decrease amount of bitcoins then there is no grantee that it will be higher or lower. So, Gold has long time value and it is traded almost all countries in the world.

This little bit of information will help you to invest in both but with your budget controlled. Do not invest everything in one bucket.

Dr.Bitcoin_Strange

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Quote from: Gladitorcomeback on September 18, 2024, 12:43:39 PM

If I'm someone who is not looking to get a lot of profit but just want a secure way to keep my money for at least 5 years or maybe a decade, I will surely look for assets that I can trust that they will be around for that long and that they will at least give me something more for my money within a decade. So, would I think of Bitcoin with that mindset? No, I wouldn't, and the reasons are obvious. Bitcoin is a digital currency, it doesn't have a physical existence which doesn't make it the most secure investment asset available despite the fact that it can be very profitable.

A decade is 10 years and within that period of time, Bitcoin is going to halve every four years and the fifth year would be the bull season for the price peak to be reached. If I am given the option to choose between the two assets the one I would like to invest into for a decade, I would rather choose Bitcoin because I will have more profit from it than gold, but if I have enough capital to acquire the two asset at once, I will still do so.

I respect your opinion because every investor actually have the level of risk they can handle.

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Quote from: bitgolden on September 12, 2024, 01:35:26 PM

I personally understand that people want to invest into something that they know and gold is something they already know so they want to invest into that but the reality is that we are not going to get anything good out of that.

Many people don't invest having only the profitability factor in mind, but they do it after evaluating multiple things including the security of their funds, profitability, and long-term overall valuation of the asset they are investing their money in. Considering all these things, gold isn't a bad choice.

If I'm someone who is not looking to get a lot of profit but just want a secure way to keep my money for at least 5 years or maybe a decade, I will surely look for assets that I can trust that they will be around for that long and that they will at least give me something more for my money within a decade. So, would I think of Bitcoin with that mindset? No, I wouldn't, and the reasons are obvious. Bitcoin is a digital currency, it doesn't have a physical existence which doesn't make it the most secure investment asset available despite the fact that it can be very profitable.

So it all depends on the mindset of an investor and what they expect from their investment.

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Quote from: Charles-Tim on September 18, 2024, 06:58:29 AM

Bitcoin got to over $60000 since 2021 but now which is over 3 years it is still at $60000. So what makes us think bitcoin will double in the next five years if we start counting from 2021? I hope bitcoin will get to $120000 by 2025 but if not, another bear market will come. People as of not will not see bitcoin as undervalued. Let bear market comes and let the price of bitcoin fall before posting about bitcoin as undervalued.

It's very hard to say when Bitcoin will reach to $100,000 or higher prices but we will see $60,000 as a Never look back price, like other past ATHs now are Never Look Back Prices.
https://charts.bitbo.io/never-look-back-price/

Bitcoin is ready for another big green yearly candle https://charts.bitbo.io/yearly-candles/

Things change slowly with big tests of many boring months, bear market and psychological tests but Satoshis per dollar drop with time. People ignore what's going on, don't notice about what's happening in present but soon in future, they will realize that with same amount of dollar, they will be able to purchase less satoshis.

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Quote from: justdimin on September 18, 2024, 06:41:43 AM

It could be considered undervalued considering there is a potential for it to double with ease, when something could double with ease then it shouldn't really be that much of a problem and that would be the most important part. I am not saying that it would be easy to double but it can happen and that is why I believe that we are going to see this growing a lot more. This could be very important if we want to consider which one will make us the most money.

I do not think that gold could double in the next 5 years, whereas I think bitcoin could double within the next year, and that is why it is so important and we can do a lot better with time. We are going to see this growing and bitcoin is undervalued because of that, we can do even more than just doubling, we need to focus on what we can do and we could consider this to grow a lot more and it could be quadruped profit and that would be a lot better and that could be something that is getting greater.

Bitcoin got to over $60000 since 2021 but now which is over 3 years it is still at $60000. So what makes us think bitcoin will double in the next five years if we start counting from 2021? I hope bitcoin will get to $120000 by 2025 but if not, another bear market will come. People as of not will not see bitcoin as undervalued. Let bear market comes and let the price of bitcoin fall before posting about bitcoin as undervalued.

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Quote from: Charles-Tim on September 17, 2024, 05:56:11 AM

Quote from: tvplus006 on September 14, 2024, 04:59:36 AM

This can be explained by the fact that gold has already reached its market value, while Bitcoin is still considered an undervalued asset.

Bitcoin marketcap is still over $1 trillion. Bitcoin is not undervalued. Gold marketcap is the highest in the world, there are many assets that their value is not up to bitcoin and they are not undervalued. As some people will say it is undervalued, so are some people will argue that it is overvalued, depending on the market price. But in overall, bitcoin is not undervalued.

It could be considered undervalued considering there is a potential for it to double with ease, when something could double with ease then it shouldn't really be that much of a problem and that would be the most important part. I am not saying that it would be easy to double but it can happen and that is why I believe that we are going to see this growing a lot more. This could be very important if we want to consider which one will make us the most money.

I do not think that gold could double in the next 5 years, whereas I think bitcoin could double within the next year, and that is why it is so important and we can do a lot better with time. We are going to see this growing and bitcoin is undervalued because of that, we can do even more than just doubling, we need to focus on what we can do and we could consider this to grow a lot more and it could be quadruped profit and that would be a lot better and that could be something that is getting greater.

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Quote from: Charles-Tim on September 17, 2024, 05:56:11 AM

Quote from: tvplus006 on September 14, 2024, 04:59:36 AM

This can be explained by the fact that gold has already reached its market value, while Bitcoin is still considered an undervalued asset.

Bitcoin marketcap is still over $1 trillion. Bitcoin is not undervalued. Gold marketcap is the highest in the world, there are many assets that their value is not up to bitcoin and they are not undervalued. As some people will say it is undervalued, so are some people will argue that it is overvalued, depending on the market price. But in overall, bitcoin is not undervalued.

Obviously, these opposing opinions are based on what price the trader assumes in the future for Bitcoin. And it will be possible to verify the correctness of the judgment only years later, when it will be obvious to everyone that in far away 2024 it was necessary to buy/sell Bitcoin.

Topic: Which one is better. Bitcoin or gold? (Read 1469 times)