Which one is better. Bitcoin or gold? - page 2.

Iranus

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Quote from: South Park on September 13, 2024, 05:43:56 PM

Quote from: Iranus on September 13, 2024, 11:53:52 AM

A 67% return on $1 million will make a bigger difference than a 100% return on $1k, which is why bitcoin is often the choice of small investors while gold is the choice of institutional, large investors.

Gold is not too volatile, stable and cannot bring high profits but is clearly much safer than any other investment. Meanwhile, bitcoin can be highly profitable because of its volatility but comes with greater risk.

Which one is the best investment will depend on how much capital we have and what our goals are. If someone had millions of dollars, I don't think they would be willing to invest all of it in bitcoin but they would be willing to invest all of it in gold. Because their priority at that time was safety, not big profits. On the contrary, if you have only $1k to $100k and want to become a millionaire like them, bitcoin will be the choice for you.

Different assets have different behaviors, gold has been the standard for what a store of value should be for millennia, so it is not odd at all that someone that is looking to preserve their wealth considers gold to be their best option, especially when there is a great deal of turmoil all around the world, however for those that have a greater interest on increasing their wealth, then an asset like bitcoin is a better choice, as instead of waiting for years or decades to see a big movement, you only need to wait months for this to happen.

As I said, it all depends on each person's needs and we will make the choice that suits us. Both have their own pros and cons and have different use cases, neither is perfect. But bitcoin investors always focus on volatility and returns and think bitcoin is the best and owning gold is pointless.

Just because it's not our choice and doesn't suit us doesn't mean it's useless or no longer appealing. Gold is still gold, still an asset that has existed for thousands of years, plays an important role in the economy and is still a good choice in today's unstable economic world.

I am a bitcoin investor and I am like you, want to make quick profits from my small capital but if I had millions of dollars, gold would be my choice for asset diversification.

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Quote from: Iranus on September 13, 2024, 11:53:52 AM

Quote from: bitgolden on September 12, 2024, 02:35:26 PM

I don't think 67% in the past 5 years is a good move, its actually a terrible one. I would expect something much much more than that if I invest for 5 years. Let me tell you something like this, if you invest right now to bitcoin and keep it for five years, I guarantee that you will make at least 100% somewhere along the line, probably within a year itself, but certainly somewhere in 5 years without a doubt.

There is no reason to see 67% in 5 years and think that's good, that's not good at all, its horrible. I believe that the best thing to do would be just considering better approach to bitcoin because it definitely brings in better profits. I do not understand the sudden love for gold that people have, there is no need to do something like that.

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.

A 67% return on $1 million will make a bigger difference than a 100% return on $1k, which is why bitcoin is often the choice of small investors while gold is the choice of institutional, large investors.

Gold is not too volatile, stable and cannot bring high profits but is clearly much safer than any other investment. Meanwhile, bitcoin can be highly profitable because of its volatility but comes with greater risk.

Which one is the best investment will depend on how much capital we have and what our goals are. If someone had millions of dollars, I don't think they would be willing to invest all of it in bitcoin but they would be willing to invest all of it in gold. Because their priority at that time was safety, not big profits. On the contrary, if you have only $1k to $100k and want to become a millionaire like them, bitcoin will be the choice for you.

Different assets have different behaviors, gold has been the standard for what a store of value should be for millennia, so it is not odd at all that someone that is looking to preserve their wealth considers gold to be their best option, especially when there is a great deal of turmoil all around the world, however for those that have a greater interest on increasing their wealth, then an asset like bitcoin is a better choice, as instead of waiting for years or decades to see a big movement, you only need to wait months for this to happen.

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Quote from: Taskford on September 13, 2024, 06:53:50 AM

This kind of question will matter depends on what people understand.

Since if they are long time Gold investor then for sure there would be no question that they select gold than bitcoin then think that asset is so risky since the market is volatile and this will bring bad luck on them especially if they lose their money from unwanted situations.

Also with bitcoin for sure people will say that this is better since the volatility could able to bring them huge profit especially that if they spot good position for their daily trades. Or if they could able to hold for more years then there's huge chance that people who hold bitcoin would able to earn a lot from it.

So with these selection we can really say that picking an asset to invest will vary depend on what has been introduce to them.

I agree that it's something that is not an easy to answer because it depends on the situation and these type of straight up answers do not consider any of that. I have seen people quite happy on something as simple as putting it in a bank for savings and just take interest there, it is not even as high as inflation and they were still fine with it. Because they think that the yare happy with what they have there and as long as that's the case, we are talking about stuff that will not change much in the end at all.

We know those people, they are just happy that they are getting a bit and they know that the risk is very low, so they are not really worried about making anything more. For those people gold is of course better looking than bitcoin for example, we can't say anything else. I believe that it is going to be a tough situation to handle for some people to be in bitcoin because it's such a volatile asset and not everyone is ready to handle such a volatile asset.

Dr.Bitcoin_Strange

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Quote from: betswift on September 13, 2024, 01:38:21 AM

Their volatility is different, though.. There was a whole thread discussing it, but I won't be able to find from the get-go, unfortunately.

The volatility is different, that, I know. Everyone knows that Bitcoin is highly volatile and not just Bitcoin, cryptocurrencies are volatile asset. Speaking of the thread that have discussed this same topic, it's not just one and not topic. There are different threads on this forum that this topic have been disused on. If you search for it using the search icon, you're going to see them.

Iranus

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Quote from: bitgolden on September 12, 2024, 02:35:26 PM

I don't think 67% in the past 5 years is a good move, its actually a terrible one. I would expect something much much more than that if I invest for 5 years. Let me tell you something like this, if you invest right now to bitcoin and keep it for five years, I guarantee that you will make at least 100% somewhere along the line, probably within a year itself, but certainly somewhere in 5 years without a doubt.

There is no reason to see 67% in 5 years and think that's good, that's not good at all, its horrible. I believe that the best thing to do would be just considering better approach to bitcoin because it definitely brings in better profits. I do not understand the sudden love for gold that people have, there is no need to do something like that.

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.

A 67% return on $1 million will make a bigger difference than a 100% return on $1k, which is why bitcoin is often the choice of small investors while gold is the choice of institutional, large investors.

Gold is not too volatile, stable and cannot bring high profits but is clearly much safer than any other investment. Meanwhile, bitcoin can be highly profitable because of its volatility but comes with greater risk.

Which one is the best investment will depend on how much capital we have and what our goals are. If someone had millions of dollars, I don't think they would be willing to invest all of it in bitcoin but they would be willing to invest all of it in gold. Because their priority at that time was safety, not big profits. On the contrary, if you have only $1k to $100k and want to become a millionaire like them, bitcoin will be the choice for you.

Taskford

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This kind of question will matter depends on what people understand.

Since if they are long time Gold investor then for sure there would be no question that they select gold than bitcoin then think that asset is so risky since the market is volatile and this will bring bad luck on them especially if they lose their money from unwanted situations.

Also with bitcoin for sure people will say that this is better since the volatility could able to bring them huge profit especially that if they spot good position for their daily trades. Or if they could able to hold for more years then there's huge chance that people who hold bitcoin would able to earn a lot from it.

So with these selection we can really say that picking an asset to invest will vary depend on what has been introduce to them.

betswift

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Quote from: Oshosondy on September 11, 2024, 04:52:56 AM

Quote from: Dr.Bitcoin_Strange on September 11, 2024, 04:11:35 AM

Speaking of gold trading, if you are trading gold on the digital market, it's still the same thing as cryptocurrency, meanwhile most investors in the society have an utmost desire to invest in a real physical gold rather than trading gold digitally and also trading Bitcoin In that manner. That's why those that have enough capital will only trade or invest in Bitcoin and in real gold. To diversify one's investment, it must be specifically on two different asset, going for a digital gold is the same thing as going for Bitcoin.

Buying bitcoin is like you are buying physical gold. Although gold is physical while bitcoin is digital. Trading gold through broker is like you are trading bitcoin on the derivative exchange. About digital gold which are not gold, they are like tokenized bitcoin. Which means the digital gold are only backed by gold and not gold.

Their volatility is different, though.. There was a whole thread discussing it, but I won't be able to find from the get-go, unfortunately.

EarnOnVictor

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Quote from: Oshosondy on August 13, 2024, 09:46:39 AM

Which one do you like trading? I guess those trading gold will prefer to go long, especially around 8 am EST.

I like to trade both and it has been good so far. Gold and Bitcoin have their good and bad days, I would also like you to perish the idea that Gold will be doing the same thing all the time, there are times it will follow a pattern for a while, but with time, it will switch to another, that's the market dynamics, which is why we should always analyse the chart for proper guidance and give no room for any chance.

For this, we should never predefine any signal as you did. We should go long when our speculation tells us to do so, the same goes for short positions too.

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I don't think 67% in the past 5 years is a good move, its actually a terrible one. I would expect something much much more than that if I invest for 5 years. Let me tell you something like this, if you invest right now to bitcoin and keep it for five years, I guarantee that you will make at least 100% somewhere along the line, probably within a year itself, but certainly somewhere in 5 years without a doubt.

There is no reason to see 67% in 5 years and think that's good, that's not good at all, its horrible. I believe that the best thing to do would be just considering better approach to bitcoin because it definitely brings in better profits. I do not understand the sudden love for gold that people have, there is no need to do something like that.

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.

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Quote from: Oshosondy on September 11, 2024, 05:20:34 AM

Trading is much more than what you people are thinking. If you are trading much volatile asset, you will use small amount of money if you are a good trader. I traded gold through a broker to realize that it is also very volatile but it depends on the leverage that you use. You will see people that is trading gold through broker argue with you that gold is more volatile. You are right that gold is less volatile but it also depend on the approach, the leverage or the lot size that you used. But if you are referring to physical gold, you are 100% correct.

Trading is not always about leverage, I can trade spot without leverage for a large amount and for me the crypto market will still be highly volatile, but I will not worry about leverage becoming my problem, because I can stay in the trade for as long as I need. Gold can also be treated differently, you can contact a broker and trade with leverage, but you can also buy gold in the form of small bars, or even better in a pawn shop, or from jewelers (if you can find one) so as not to overpay and then you also will not need to worry about leverage, for you it will become a long-term investment without the risk of losing.

Dr.Bitcoin_Strange

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Quote from: Oshosondy on September 11, 2024, 04:52:56 AM

About digital gold which are not gold, they are like tokenized bitcoin. Which means the digital gold are only backed by gold and not gold.

You seem to confuse 😵 me with this statement, how do you mean? Maybe you should throw more light.

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Quote from: Xcode7 on September 11, 2024, 05:12:01 AM

We can see the movement between the two and it is clear that trading gold does not have as much risk as trading Bitcoin but all of that will also be worth it with the potential profit that will be obtained.
I think if it is for trading, Bitcoin is clearly the choice because if we trade gold, there is not much profit that we can get.

Trading is much more than what you people are thinking. If you are trading much volatile asset, you will use small amount of money if you are a good trader. I traded gold through a broker to realize that it is also very volatile but it depends on the leverage that you use. You will see people that is trading gold through broker argue with you that gold is more volatile. You are right that gold is less volatile but it also depend on the approach, the leverage or the lot size that you used. But if you are referring to physical gold, you are 100% correct.

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Quote from: ethereumhunter on September 10, 2024, 09:21:34 AM

Quote from: Oshosondy on August 13, 2024, 09:46:39 AM

Which one do you like trading? I guess those trading gold will prefer to go long, especially around 8 am EST.

I like trading Bitcoin and I never try to trading gold. In Bitcoin trading, we can use stop loss position so that will execute our trade if the situation is change and helps us to prevent the big lose. I don't know with trading gold but I guess that will be the same especially if the exchange have that feature.

It is better to buy gold than to trade it as gold is a good investment besides Bitcoin. Maybe I will take a look of trading gold later but I am not sure if I wants to trade it as I don't have much skills to analyzes the moves.

We can see the movement between the two and it is clear that trading gold does not have as much risk as trading Bitcoin but all of that will also be worth it with the potential profit that will be obtained.
I think if it is for trading, Bitcoin is clearly the choice because if we trade gold, there is not much profit that we can get.

It is true as you said, gold is bought only for investment so that its value does not drop drastically, while Bitcoin has all the possibilities with a high level of risk, both for trading and for investment.
between gold and Bitcoin I think there are many significant differences, and all goals return to each person's plan.

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Quote from: Dr.Bitcoin_Strange on September 11, 2024, 04:11:35 AM

Speaking of gold trading, if you are trading gold on the digital market, it's still the same thing as cryptocurrency, meanwhile most investors in the society have an utmost desire to invest in a real physical gold rather than trading gold digitally and also trading Bitcoin In that manner. That's why those that have enough capital will only trade or invest in Bitcoin and in real gold. To diversify one's investment, it must be specifically on two different asset, going for a digital gold is the same thing as going for Bitcoin.

Buying bitcoin is like you are buying physical gold. Although gold is physical while bitcoin is digital. Trading gold through broker is like you are trading bitcoin on the derivative exchange. About digital gold which are not gold, they are like tokenized bitcoin. Which means the digital gold are only backed by gold and not gold.

Dr.Bitcoin_Strange

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Quote from: ethereumhunter on September 10, 2024, 09:21:34 AM

Quote from: Oshosondy on August 13, 2024, 09:46:39 AM

Which one do you like trading? I guess those trading gold will prefer to go long, especially around 8 am EST.

I like trading Bitcoin and I never try to trading gold. In Bitcoin trading, we can use stop loss position so that will execute our trade if the situation is change and helps us to prevent the big lose. I don't know with trading gold but I guess that will be the same especially if the exchange have that feature.

It is better to buy gold than to trade it as gold is a good investment besides Bitcoin. Maybe I will take a look of trading gold later but I am not sure if I wants to trade it as I don't have much skills to analyzes the moves.

Speaking of gold trading, if you are trading gold on the digital market, it's still the same thing as cryptocurrency, meanwhile most investors in the society have an utmost desire to invest in a real physical gold rather than trading gold digitally and also trading Bitcoin In that manner. That's why those that have enough capital will only trade or invest in Bitcoin and in real gold. To diversify one's investment, it must be specifically on two different asset, going for a digital gold is the same thing as going for Bitcoin.

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Quote from: Oshosondy on August 13, 2024, 09:46:39 AM

Which one do you like trading? I guess those trading gold will prefer to go long, especially around 8 am EST.

I like trading Bitcoin and I never try to trading gold. In Bitcoin trading, we can use stop loss position so that will execute our trade if the situation is change and helps us to prevent the big lose. I don't know with trading gold but I guess that will be the same especially if the exchange have that feature.

It is better to buy gold than to trade it as gold is a good investment besides Bitcoin. Maybe I will take a look of trading gold later but I am not sure if I wants to trade it as I don't have much skills to analyzes the moves.

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Quote from: Maslate on August 13, 2024, 06:50:51 PM

If you want an asset that is less volatile and is more safe haven in the days to come, then invest in gold. Its value may consistently move upward without having such threats to suddenly move at the bottom.

Both gold and bitcoin are good, but we can all choose what we know and are familiar with. I believe many people won’t choose gold over bitcoin because we don’t know anything about gold. However, Bitcoin is known for its volatility; furthermore, each investment has risk; the one you have knowledge of will be less risk for you. If you ask me which investment has more risk between gold and bitcoin, I will confidently say gold because I know nothing about it, so if I’m going to invest in it, there will be a high chance of me losing my money.

Another thing about gold investment is that it is only made for people who are already rich. Gold is very expensive before you purchase it; you need a lot of capital, unlike bitcoin, which you can use a small amount of money to buy till it reaches the amount you can afford. So I don't think bitcoin investment and gold are comparable.

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Quote from: Dr.Bitcoin_Strange on September 09, 2024, 05:00:37 AM

As a matter of fact, bitcoin and gold is even a good asset to have, so it's never a bad investment decision if anyone decide to own the both asset. What can actually make one be able to have the two asset is the amount of finance they have. But when an investor doesn't have enough capital to start with, Bitcoin becomes the first option because it allows you to invest with a small amount.

I agree, that gold is a good asset to own and many of the elderly treat it as their best investment aside from real estate. And in our generation, there is no doubt that we're into Bitcoin and this gives us the idea of how they're feeling about gold investments. There's no debate about which is good because we have understood which is better and which will work best for us. If you can taste how good Bitcoin investing is, you'd definitely stand up and won't have any argument with anyone who keeps on making hateful comments about Bitcoin as an asset. You'd just leave that argument to them while you, you're waiting patiently until some good returns come during the bull run.

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Quote from: Just Say on September 08, 2024, 08:37:06 AM

I trade bitcoin and some potential alt coins but haven't invested any money in gold yet so I have no investment experience here. Also, I think of gold primarily as a physical use. When considering between Bitcoin and Gold I would favor Bitcoin as I have done some trading here which has given me some experience from this trading.
I prefer to hold bitcoin over gold because if we hold bitcoin for a long time it might give us better returns at some point. As per our ability over time we will increase the bitcoin investment over a period of time and hold it patiently. Moreover, DCA can be used to buy small amount of Bitcoin on weekly monthly basis to keep Bitcoin investment active.

You are right about Bitcoin being more convenient when it comes to making investments in it. The best thing about it is the affordability factor. Someone with just $10 can start buying Bitcoin whereas someone might not be able to get any gold with that amount. The profitability factor is also correct based on what we have seen so far, Bitcoin has shown huge growth since the time it was invested and started spreading and the growth percentage isn't comparable with gold because it's way higher than it.

However, if we talk about the security of the investment, gold will be ahead of Bitcoin in that area because gold has been around for centuries and it has been growing in value all this time which is why it is one of the most trusted investment assets of the world by now. Those who buy and store gold know that their money is safe because as long as the world exists, gold is not going anywhere and it will always be valuable.

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My personal advice is as much as I can tell. There are many differences between bitcoin and gold but if you check its value you will find that bitcoin is much more expensive than gold. Many people I see in the past have compared bitcoin to gold and said bitcoin and gold are the same as they have no metal. If you think five to six years ago, the price of gold has gone up a bit compared to what it is now, but it hasn't gone down a bit, on the other hand if you look at Bitcoin, it's going up a lot faster, which I think is more valuable than gold.

If you have done business with bitcoins in the past then you already own a lot of money. But I also love gold because my family members love reading gold ornaments. But I prefer Bitcoin when it comes to crypto. I now hold about $2k worth of bitcoins.

Topic: Which one is better. Bitcoin or gold? - page 2. (Read 1338 times)