Which one is better. Bitcoin or gold? - page 4.

Hamza2424

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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.

Yup, I do agree that Gold's market is a safe play and if you are a person who doesn't want to risk your investment in a volatile asset gold is the best choice, TBH Bitcoin is also progressing towards stability and less volatile nature which is good and bad both at the same time. As you know Gold market has a versatile and huge investment history, but Bitcoin is a newborn in comparison to Gold, and with Time Bitcoin will also adapt its stable nature, due to the high liquidity and much more decentralized holding compared to this timeline.

justdimin

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Quote from: tottong on September 03, 2024, 10:45:39 AM

I have never traded gold so far so there is not much to talk about.
But when it comes to bitcoin it is much more profitable because it is about taking advantage of price fluctuations that can be used to make a profit.
Gold is still a popular asset because of its stability and gold is also a good asset to store.
Gold is an investment for people in the past where they buy to store because it does not have such high speculative about its journey.

Gold will be very profitable if held for a long duration but the return will be much different from bitcoin.
Bitcoin is a fairly speculative asset but the return on investment is very maximum if invested in the long term according to the capital we put in.
I think both are still good choices but I prefer bitcoin as the main step

Gold trading could be done digitally as well, my bank has it and you buy if you want to and hold and then sell basically just as you imagine. But, it's incredibly boring and the profits are very thin in the short term as well, you would have to wait many years to see if you would. Historically, most of the years it has done worse than stock market too, to be fair there are crisis periods like covid or mortgage and what not which gold does a lot better, but aside from that in most cases gold does worse.

This is the reason, bitcoin is better because it's easy to trade and it's easy to make profit from, not only it makes more profit than gold, but it makes more profit than anything else if you get in at the right time and get it higher later on.

Finestream

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Quote from: The Cryptovator on August 31, 2024, 06:41:49 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.

Bitcoin is more risky than gold that is considered a safe-haven for traditional investors, but when it comes to trading, we all know bitcoin is more capable to yield bigger profits than gold itself. Because aside from its high volatility, bitcoin also has greater value compared to gold, so one who has much bigger value will be more profitable if you decide it to trade. Unlike gold which comes with a slow price hike, if ever it’ll increase, it could take few months or a year first before the rate levels up.

alastantiger

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I think gold and bitcoin have become good future assets, I am not part of trading gold, I only keep a small amount as a real asset for the future, while on bitcoin I trade in small amounts even though the profits are small in a short time. Now the price of Bitcoin has surpassed gold. It can be concluded that gold and Bitcoin are both needed in this modern era. The difference is that we can only trade gold in real or physical form, while Bitcoin is a digital asset that is being sought after by many investors in the digital world.

We can also trade gold in digital form but I don't trade gold as Bitcoin is better and more profiting. I don't know anything about gold and I'm not ready to start learning and following up movement of gold to be able to trade it. Gold has its benefits but Bitcoin has a wider range of pairs that it can be traded with Bitcoin. Bitcoin is easier for me to analyze before trading and the volatility of Bitcoin makes it quicker to make profits. Bitcoin is the more trending assets and it's going to do well this year and next year, hence it's more attractive to trade. I can hold Bitcoin and be certain that the price will go up. Bitcoin is the most profitable between gold and Bitcoin hence it has to be the better asset to trade.

For the traders, don't follow what others are saying and do your own research before choosing which one will be better for you to trade. If Bitcoin is more better than trade only Bitcoin but if you're finding it more easier to understand gold then trade gold and for those that can do both, do it.

tottong

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Quote from: Oshosondy on August 13, 2024, 09:46:39 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 have never traded gold so far so there is not much to talk about.
But when it comes to bitcoin it is much more profitable because it is about taking advantage of price fluctuations that can be used to make a profit.
Gold is still a popular asset because of its stability and gold is also a good asset to store.
Gold is an investment for people in the past where they buy to store because it does not have such high speculative about its journey.

Gold will be very profitable if held for a long duration but the return will be much different from bitcoin.
Bitcoin is a fairly speculative asset but the return on investment is very maximum if invested in the long term according to the capital we put in.
I think both are still good choices but I prefer bitcoin as the main step

NicNacCoin

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

I noticed gold price to fall while sleeping in the night (GMT +1), around 1 am to 8am. But most time the price will rise during the day. I was trading tokenized gold which is not actually gold but its perpetual contract was on some exchanges. But I also do check the price of gold on MT4 to know what is actually happening to gold which confirms what I said about it.

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.

If comparing the two, I would definitely consider crypto more valuable than gold because you can do anything anywhere anytime with bitcoin but with gold you can't do anything instantly there is risk in transportation. I have traded in bitcoins traded in bitcoins done business with bitcoins everything that makes bitcoins worth so much to me. I haven't traded in gold which is why gold is valuable to me but bitcoin is not.

cute nmp

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I prefer to trade Gold more than bitcoin ,in terms of volatility gold is more volatile and a little bit risky but when it comes to clear market structure and direction gold is much more better than Btc . One has to be very careful when trading Btc especially when shorting it crypto-lads never like shorts in it they are always going for the longs making it hard to predict the pair .

Semen222

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I assume that there are piles of gold on a bunch of asteroids. But, I have not seen huge mining farms on asteroids. So, for me personally, the answer is obvious.

m2017

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

Could you share some trading statistics? What have you made more profit on, trading bitcoin or gold?

As I assume, bitcoin looks better from a trading perspective than gold because it is a very volatile financial asset, unlike gold, which is considered a "safe haven" due to its price stability. Of course, the price of gold also has some volatility, but it is completely insignificant compared to bitcoin.

SquirrelJulietGarden

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Quote from: The Cryptovator on August 31, 2024, 06:41:49 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.

With Bitcoin, there are two ways to make money with it and Bitcoin market. Invest or trade, it's up to you to choose one of two options. I would like to pick Investing that is safer for me and my capital. In long term, investing can help me to get very good profit and by investing, I don't have to spend too much time for analysis, read news and interact with chart, computer like with trading.

ROIs of gold and Bitcoin show us reasons why Bitcoin is better.
https://casebitcoin.com/charts#roi_chart

The Cryptovator

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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.

Segmadis

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Both have their good and bad sides.
I for myself preffer BTC, because with it what's mine it is mine and the best part is that I don't need a very big phisical space to store it. BTC can nowadays be sold much faster than if you have its equivalent in gold.

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Quote from: fuguebtc on August 28, 2024, 04:07:13 AM

Bitcoin and non-custodial wallets will provide us with the highest level of security but that doesn't mean there are no risks.

There is no risk-free thing in life and we have to pick less risky things among many things that are more dangerous in life. With Bitcoin, we have good options with open source wallets but to be safe, we need verify, don't automatically trust anything including downloaded wallets.

Security checklist

Quote

In bitcoin, if we accidentally lose our seed phrase or accidentally become the target of hackers, we will have no way to recover our assets.

Use good wallets, distribute our bitcoin to different wallets that are protected by strong passwords too. Always make sure to back up wallets properly and make sure backups are usable for recovery.

Quote

In addition, the volatility of bitcoin is also a risk, if the price of bitcoin continues to fall for some reason, the value of our assets will also be seriously affected.

It's a volatile asset, so afford to lose your money when investing in Bitcoin. The great point is, fortunately, risk in 2024 is smaller than in 2009 or some years after 2009.

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Quote from: rhodelmabanal on August 28, 2024, 10:18:09 AM

I will choose bitcoin because in bitcoin we can be surprise by the return of our investment and even if we have a small capital we can still earn big when the price soar so high, while in gold it needs a capital and it takes decade before we can earn on it. Bitcoin is full of surprise than gold the most exciting is the bitcoin price that can go up high anytime

Gold is a good investment, but for someone that has a goal to multiply their money there is no doubt that bitcoin is a better choice, and this can be easily corroborated by looking at the charts of both assets and making a comparison, still gold is not the worst choice a person could make right now, as with the economy and the world being so unstable now, it would not surprise me if the price of gold made a big movement during the next years.

armanda90

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Quote from: Catenaccio on August 27, 2024, 07:33:50 AM

Are you sure?

You can do it online too through banks and your bank account as well but a biggest difference between Bitcoin and Gold is: with gold, you don't own private keys and if you store it in secure vaults at bank for example, you take risk and if that bank collapses like some banks in the USA. bankrupted in 2023, you lose your gold.

With Bitcoin, if you use a good wallet, you will have your own bank with private keys. It's your keys, it's your bitcoin and your control is not depended on any bank.

A good wallet to have your own bank has something like: open source, non-custodial (or self-custodial).

If you're unsure about a wallet, you can check wallet scrutiny review. Type the wallet brand name and read available reviews on it. If it is not reproducible, it's not a good wallet to use.
https://walletscrutiny.com/

A tool to choose wallets.
https://bitcoin.org/en/choose-your-wallet

Some comparisons between Bitcoin and Gold in the bullish case for Bitcoin.

Bitcoin make us easily controlling by our self when holding in wallet but we can't make privacy when investing in gold exactly hold it in the bank without guarantee will bank bankrupt or not such as happening with US Bank last year. Both bitcoin and gold have each self unique as investment assets from slowly increasing of profitable until how most security when holding bitcoin or gold.
Bitcoin give us privacy when saving in the own wallet not exchange wallet and its more secure than investing with gold but we need third party as Bank for saving our gold investment.

Gold assets depend on bank condition are bankrupt or not but with bitcoin during hold in wallet we have our self controlling because the key for accessing wallet in our hand. I think for investor want to get more privacy will hold or invest their assets in bitcoin than gold lack privacy and get risk by using third party for saving gold assets.

Questat

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Quote from: GeorgeJohn on August 13, 2024, 06:01:16 PM

You can not choose anyone of them without experiencing or practicalizing any of them as a method of investment, I know very well that both bitcoin and gold is in class of a digital currency and what pumped the price of bitcoin can equally pump the of gold, so the common thing in them is that gold has no much firm as bitcoin has right now, so at market in trading the demands of gold can enhance for skyrocketing the price likewise bitcoin, so the one the demands is needed most or higher than each other is the one the price accelerate higher, that's my own suggestion.

Both can bring out the best potentials but in different ways. However, there is more risk trading in bitcoin because the market would be so much unpredictable, and you can't be sure if the outcome is in accordance with your desired goal. But we all know the more risky it is, the higher the amount of rewards is waiting. Unlike with gold, it's more considered as safe -haven, most particularly that its price is never that volatile and unpredictable.

rhodelmabanal

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I will choose bitcoin because in bitcoin we can be surprise by the return of our investment and even if we have a small capital we can still earn big when the price soar so high, while in gold it needs a capital and it takes decade before we can earn on it. Bitcoin is full of surprise than gold the most exciting is the bitcoin price that can go up high anytime

fuguebtc

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Quote from: Catenaccio on August 27, 2024, 07:33:50 AM

Quote from: Septex on August 27, 2024, 05:03:15 AM

In the case of gold, it is seen that all types of business are done
offline, whereas Bitcoin is a complete cryptocurrency. I personally would be more interested in trading Bitcoin than trading gold.

Are you sure?

You can do it online too through banks and your bank account as well but a biggest difference between Bitcoin and Gold is: with gold, you don't own private keys and if you store it in secure vaults at bank for example, you take risk and if that bank collapses like some banks in the USA. bankrupted in 2023, you lose your gold.

With Bitcoin, if you use a good wallet, you will have your own bank with private keys. It's your keys, it's your bitcoin and your control is not depended on any bank.

A good wallet to have your own bank has something like: open source, non-custodial (or self-custodial).

If you're unsure about a wallet, you can check wallet scrutiny review. Type the wallet brand name and read available reviews on it. If it is not reproducible, it's not a good wallet to use.
https://walletscrutiny.com/

A tool to choose wallets.
https://bitcoin.org/en/choose-your-wallet

Some comparisons between Bitcoin and Gold in the bullish case for Bitcoin.

Bitcoin and non-custodial wallets will provide us with the highest level of security but that doesn't mean there are no risks. The bank can go bankrupt and we will lose our money, that is the risk of storing assets dependent on a third party. In bitcoin, if we accidentally lose our seed phrase or accidentally become the target of hackers, we will have no way to recover our assets. In addition, the volatility of bitcoin is also a risk, if the price of bitcoin continues to fall for some reason, the value of our assets will also be seriously affected.

In my opinion, both are good investments but both have pros and cons, so diversification is the solution.

Catenaccio

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Quote from: Septex on August 27, 2024, 05:03:15 AM

In the case of gold, it is seen that all types of business are done
offline, whereas Bitcoin is a complete cryptocurrency. I personally would be more interested in trading Bitcoin than trading gold.

Are you sure?

You can do it online too through banks and your bank account as well but a biggest difference between Bitcoin and Gold is: with gold, you don't own private keys and if you store it in secure vaults at bank for example, you take risk and if that bank collapses like some banks in the USA. bankrupted in 2023, you lose your gold.

With Bitcoin, if you use a good wallet, you will have your own bank with private keys. It's your keys, it's your bitcoin and your control is not depended on any bank.

A good wallet to have your own bank has something like: open source, non-custodial (or self-custodial).

If you're unsure about a wallet, you can check wallet scrutiny review. Type the wallet brand name and read available reviews on it. If it is not reproducible, it's not a good wallet to use.
https://walletscrutiny.com/

A tool to choose wallets.
https://bitcoin.org/en/choose-your-wallet

Some comparisons between Bitcoin and Gold in the bullish case for Bitcoin.

Septex

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Gold and Bitcoin are both suitable for trading. But gold and bitcoin are two completely different fields. In the case of gold, it is seen that all types of business are done offline, whereas Bitcoin is a complete cryptocurrency. I personally would be more interested in trading Bitcoin than trading gold. Because I see the future of Bitcoin is very good and it is more stable than all other coins. There are many more benefits of investing in Bitcoin. The advantage that I like best is that if I invest in Bitcoin for a long period of time and do it at the right time, I can earn a good profit in the future without any effort, so that my manual labor is not there at all. In contrast, there are only merit-based strategies. On the other hand, if I want to trade in gold, I have to do it in a specific place and for that I have to be there regularly and manage everything. All in all I think investing in Bitcoin is the most acceptable for me.

Topic: Which one is better. Bitcoin or gold? - page 4. (Read 1338 times)