Which one is better. Bitcoin or gold? - page 3.

Dr.Bitcoin_Strange

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Quote from: ethereumhunter on September 10, 2024, 08:21:34 AM

Quote from: Oshosondy on August 13, 2024, 08:46:39 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, 08:46:39 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, 05:50:51 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, 04:00:37 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, 07:37:06 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.

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Quote from: Dr.Bitcoin_Strange on September 09, 2024, 04:00:37 AM

Quote from: FinneysTrueVision on September 07, 2024, 01:12:49 AM

While gold hasn’t had the kinds of returns that Bitcoin has, it is still a good investment. Its price has outpaced the rate of inflation, which makes it a good store of value. Because of its lower volatility, gold might not be as attractive for everyday trading but it is still excellent as a long term investment. Because I’m only interested in something I can keep in self-custody, I prefer Bitcoin. Physical gold is just too cumbersome to hold and transfer and futures and ETFs don’t interest me enough.

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.

Yes; I agree with you. Both of good investment, so I can not be compare both of assets, I have an investment both of gold and Bitcoin. It's good opportunity to invest in Bitcoin because almost peoples have at least experience in Bitcoin trading, because here we can trade small or big amount of capital, everyone is are not familiar with gold.

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Quote from: FinneysTrueVision on September 07, 2024, 01:12:49 AM

While gold hasn’t had the kinds of returns that Bitcoin has, it is still a good investment. Its price has outpaced the rate of inflation, which makes it a good store of value. Because of its lower volatility, gold might not be as attractive for everyday trading but it is still excellent as a long term investment. Because I’m only interested in something I can keep in self-custody, I prefer Bitcoin. Physical gold is just too cumbersome to hold and transfer and futures and ETFs don’t interest me enough.

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.

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Quote from: FinneysTrueVision on September 07, 2024, 01:12:49 AM

While gold hasn’t had the kinds of returns that Bitcoin has, it is still a good investment. Its price has outpaced the rate of inflation, which makes it a good store of value. Because of its lower volatility, gold might not be as attractive for everyday trading but it is still excellent as a long term investment. Because I’m only interested in something I can keep in self-custody, I prefer Bitcoin. Physical gold is just too cumbersome to hold and transfer and futures and ETFs don’t interest me enough.

Bitcoin and gold both have advantages, but everyone has their own opinion because not everything works for someone. I have not engaged myself in the gold process. I like trading, and I am confident that gold is my safety net, but if you are lucky in trading, you will undoubtedly make a large profit. Some people prefer gold because that is what they engage in, and if you don't get enough knowledge about bitcoin, you won't see the benefits of trading, but I'm sure if someone engages in trading, he won't think about gold, but I don't know what some people feel about it because I haven't invested in anything as gold before that will give me profits. Since I no cryptocurrency have not think about anything I just focus on bitcoin investment and learning about trading and enjoying about trading because if you are learning and getting mentor that is guiding you through you will be enjoying it because you will be winning and be getting more confident about trading.

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Quote from: Oshosondy on August 13, 2024, 08:46:39 AM

I went short position several times and I am losing. But I think its price can easily be predictable. I am trading both bitcoin and gold and also I am trading some altcoins which are riskier but this is about bitcoin and gold. Which one do you like trading? I guess those trading gold will prefer to go long, especially around 8 am EST.

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.

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Quote from: shinratensei_ on September 06, 2024, 10:05:01 PM

but it seems some people have the idea that a great asset is an asset that gained so much within short term, well in my perspective a great asset is an asset that always outpace inflation and I agreed with your statement, gold is one of the most reliable asset there is.

Meme tokens can not be great assets because they don't last too long and except if you are internal team members or join these projects very early, you won't be able to get profit with meme tokens. At the ends of their short lives, these tokens will no longer have demands from community so they will have no price on the market.

They can give us super high ROIs in one day, several weeks or months but they're not good assets, I agree with you.

Bitcoin has been here since 2009, long enough to say it is a good asset by surviving in this market throughout 15 years with a lot of challenges but maintain to have very good ROI for investors and still alive. It's big different than all of meme tokens that have very short lifespans.

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Quote from: FinneysTrueVision

While gold hasn’t had the kinds of returns that Bitcoin has, it is still a good investment. Its price has outpaced the rate of inflation, which makes it a good store of value. Because of its lower volatility, gold might not be as attractive for everyday trading but it is still excellent as a long term investment. Because I’m only interested in something I can keep in self-custody, I prefer Bitcoin. Physical gold is just too cumbersome to hold and transfer and futures and ETFs don’t interest me enough.

Yes, I have traded Bitcoin before and am still into Bitcoin trading which I know what am making from long term trading, because it will be difficult for me to make such huge amount of funds from gold even though i hold the gold for long term before I can trade. And if you look at the way Bitcoin price use to move whenever the bullish season is available, it will be difficult for you to see gold move like that through out the week or month but you can see such flow from Bitcoin price. Bitcoin is still the best, if you can few the two very well, because Bitcoin is not control by the government and it can increase high or decrease at anytime without a permission from anybody in the country which is the reason i prefer Bitcoin both short term and long term trading.

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Quote from: shinratensei_ on September 07, 2024, 08:37:25 PM

Quote from: Marvell1 on September 06, 2024, 10:39:27 PM

Bitcoin doesn't even have any of the above factors, how can it be said to be the best asset? These are just the views of bitcoin maximalists and they do not represent the rest of the world.

to be fair bitcoin is still among one of the best asset though, speaking about legality, so many country already approve bitcoin for investment, commodity or currency of spending.
from the perspective of safety and popularity, bitcoin is liquid enough for it to be considered safe investment because your money isn't gonna get trapped in a market that's illiquid and speaking about popularity, almost everyone know bitcoin nowaday, so bitcoin is definitely up there standing side to side with gold in my honest opinion, the volatility might be a problem for some people but for me it's nothing but an opportunity.

I personally still always prefer investing in bitcoin than gold, much more convenient for me speaking from experiences.

Yes, not many countries ban bitcoin anymore and it is becoming more and more popular. With a market capitalization of over $1 trillion and a trading volume of around $30-40 billion/day, there is arguably enough liquidity for everyone. But if we take those things and compare them to gold, bitcoin still cannot compare to gold. Gold has a market capitalization of up to 17 trillion dollars, gold is not only legalized but also a national reserve asset of every country globally...It can be seen that there is still a huge gap between gold and bitcoin.

For me, bitcoin is a big opportunity but also a big risk. So I just consider bitcoin as the best investment (return), not the best asset. Because as I said above, my standards for the best asset are different from everyone else, I wouldn't just look at the profit aspect and rush to judge it as the best asset.

By the way, I am investing most of my assets in bitcoin and only a small part in gold but I want to look at things in the most realistic and fair way, I am not living in illusions or fooling myself.

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Quote from: Marvell1 on September 06, 2024, 10:39:27 PM

Bitcoin doesn't even have any of the above factors, how can it be said to be the best asset? These are just the views of bitcoin maximalists and they do not represent the rest of the world.

to be fair bitcoin is still among one of the best asset though, speaking about legality, so many country already approve bitcoin for investment, commodity or currency of spending.
from the perspective of safety and popularity, bitcoin is liquid enough for it to be considered safe investment because your money isn't gonna get trapped in a market that's illiquid and speaking about popularity, almost everyone know bitcoin nowaday, so bitcoin is definitely up there standing side to side with gold in my honest opinion, the volatility might be a problem for some people but for me it's nothing but an opportunity.

I personally still always prefer investing in bitcoin than gold, much more convenient for me speaking from experiences.

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While gold hasn’t had the kinds of returns that Bitcoin has, it is still a good investment. Its price has outpaced the rate of inflation, which makes it a good store of value. Because of its lower volatility, gold might not be as attractive for everyday trading but it is still excellent as a long term investment. Because I’m only interested in something I can keep in self-custody, I prefer Bitcoin. Physical gold is just too cumbersome to hold and transfer and futures and ETFs don’t interest me enough.

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Quote from: Marvell1 on September 06, 2024, 10:39:27 PM

In my opinion, gold is suitable for people with large capital who like safety while bitcoin is suitable for people with small capital but want to get rich.

I somehow agree on this. The traditional investor folks will definitely prefer to get into gold as it has been proven for centuries or even more of its existence. While bitcoin, it sounds new to them and they can't go all in with it yet but definitely with those that don't have much, this is the game and place that they should go. However, it's not only for small players and investors but also for the bigger ones. I think in the long run that this narrative will change because of the large companies getting into Bitcoin, declaring their assets are into Bitcoin and they're holding a lot of it.

So, in the perspective fo trading, it's true that Bitcoin is better because it has futures options too. At some point, not all will attend to be a day trader and will turn into a conservative trader or simply an investor. Much better whatever works, there we will be. And in my opinion, Bitcoin is better in terms of everything, yes, I'm bias with Bitcoin and the volatility that it has got is much better. Someday, Bitcoin might be on the same shoes as gold when it will no longer as highly volatile as it is.

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Quote from: shinratensei_ on September 06, 2024, 10:05:01 PM

Quote from: Marvell1 on September 06, 2024, 11:26:09 AM

...

Gold actually performing really great these past few years,

but it seems some people have the idea that a great asset is an asset that gained so much within short term, well in my perspective a great asset is an asset that always outpace inflation and I agreed with your statement, gold is one of the most reliable asset there is.
It's just that gold price growth is suited for long term holder which some people find to be a bit boring, but speaking for the price growth disregarding the time it required, it's still impressive one, even 30% return within a year is much more impressive than those weak bank deposits.

You are right, most people are just speculators and what they are looking for is an asset that can give the highest return. Whatever asset can give them the highest return is the best asset, but that is just their own definition or concept. But if evaluated fairly and according to world standards, the best assets include many factors from popularity, legality, stability, safety...not just profit.

Bitcoin doesn't even have any of the above factors, how can it be said to be the best asset? These are just the views of bitcoin maximalists and they do not represent the rest of the world.

In my opinion, gold is suitable for people with large capital who like safety while bitcoin is suitable for people with small capital but want to get rich.

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Quote from: Marvell1 on September 06, 2024, 11:26:09 AM

If gold isn't a good asset, then what is it? Although it cannot provide as high returns as bitcoin, it is still recognized as the best inflation hedge. Not to mention, it remains one of the most reliable assets in today's volatile economy and that's why despite having a market capitalization of over $17 trillion, it is still up over 25% since the start of the year.

Gold actually performing really great these past few years,

but it seems some people have the idea that a great asset is an asset that gained so much within short term, well in my perspective a great asset is an asset that always outpace inflation and I agreed with your statement, gold is one of the most reliable asset there is.
It's just that gold price growth is suited for long term holder which some people find to be a bit boring, but speaking for the price growth disregarding the time it required, it's still impressive one, even 30% return within a year is much more impressive than those weak bank deposits.

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Quote from: Oshosondy on August 13, 2024, 08:46:39 AM

I went short position several times and I am losing. But I think its price can easily be predictable. I am trading both bitcoin and gold and also I am trading some altcoins which are riskier but this is about bitcoin and gold. Which one do you like trading? I guess those trading gold will prefer to go long, especially around 8 am EST.

This could depends on how active you trade, if you have tons of time watching the market price you can make a short term trading which is just flipping of coins and ride with the market volatility every minute which good to have profit, but if you don't have time and lose too much focus with the number of coins having a long term trading is ideal so you don't need to stress out yourself too much what is the current market price of that particular coin. Well you can do both which is great because you can increase your capital more and more and even make a DCA strategy.

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Quote from: The Cryptovator on August 31, 2024, 05:41:49 AM

For me, trade Bitcoin. Because I don't see reason to trade gold. I am well familiar with Bitcoin and crypto currency, which are more volatile compared to gold. Because gold is stable and you can make only small money. But from Bitcoin, you can earn a big amount of money if you are well experienced. Altcoin is quite risky to me, though I have been trading as well. However, I only trade in spots, so I don't need to gamble with luck. If the price drops more than my buy price, just simply hold on with patience till I recover it. However, less risk, less earn; high risk also earn high. But you must study a bit before taking the risk and make reasonable decisions in real time. Otherwise, it's hard to gain from Bitcoin.

It is possible to profit much more from gold in Bitcoin. And one thing I always believe is that cryptocurrency is able to provide as much profit as anything else in the world in the same amount of time. However, there are many risks in cryptocurrency. Bitcoin is very volatile. Although you already know about Bitcoin, if you follow the recent dumping of Bitcoin, you will understand its risks. Recently the price of Bitcoin has dumped a lot and is still going down. Its price can go up as fast as it can go down. But the price of gold is very strong and its price is not very volatile so it is very safe to invest here

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