Which one is better. Bitcoin or gold? - page 5.

armanda90

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Quote from: Catenaccio on August 27, 2024, 06:33:50 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, 05:01:16 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, 06:33:50 AM

Quote from: Septex on August 27, 2024, 04:03:15 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, 04:03:15 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.

mindrust

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Quote from: SamReomo on August 18, 2024, 10:25:47 AM

Quote from: mindrust on August 17, 2024, 02:07:43 AM

However when you compare xmr or ltc to btc, then they act much better than btc as a currency. They are cheaper and much faster.

I prefer Litecoin for transactions myself because it's good and stable as currency but when it comes to XMR then I personally don't use it because of restrictions against it.

Since most of the transactions I do aren't high in value or have any wrong elements in those and that's why I don't care much about the privacy part. However, the ones who give high importance to privacy could go for XMR.

You should keep some xmr anyway because you’ll never know when you’ll need it. People need privacy for various reasons and you might need it to when the time comes. When it does, xmr will handle the jobs perfectly.

For everything else litecoin is great. Litecoin provides some privacy with mimblewimble too but some people say it is not as good as xmr so I wouldn’t rely on it too much.

Zaguru12

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Quote from: GigaBit on August 18, 2024, 11:28:00 AM

Although both are valuable, I would give more priority to Bitcoin depending on the possibilities. Since ancient times, people have had a desire for gold but to the present generation, though gold is precious, it is very difficult to hold in own control. There are many people who cannot buy large amounts of gold even if they want to because there are various legal complications. Various organizations of the government may raise questions especially about the source of income. But no such complaint can be made in the case of Bitcoin. Being a decentralized currency, anyone can store bitcoins in their wallet as per their wish and it also facilitates transfers. Gold and Bitcoin are both valuable, but Gold is very slow while Bitcoin can yield much higher returns if held for a long time.

I think what you’re trying to describe is the decentralized nature of bitcoin which gives a very good edge against other assets. The decentralized nature of bitcoin and its availability and ease to get is what makes more investors turn towards it. Someone can have as Many bitcoin as they could possibly get to buy from the circulating supply without much notice if a single deposit address isn’t used but gold cannot be held in high quantities. But this doesn’t necessarily mean Gold doesn’t have its own advantages because investing to it simply means buying an asset that has stood the test of time and it volatility is perfectly ok too although Bitcoin volatility which is the worry of some is also reducing gradually than before

GigaBit

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Quote from: shawonngp on August 17, 2024, 09:42:26 AM

I can not choose specific one because both are very good, i have both in stock at the moment, gold is physically hold to me, but not too much because of security issue. Gold has been growing at very fast in the last 1 year, on the other hand Btc is increased highly. But i feel comfort to hold bitcoin because it can easily buy and transfer to other.

Although both are valuable, I would give more priority to Bitcoin depending on the possibilities. Since ancient times, people have had a desire for gold but to the present generation, though gold is precious, it is very difficult to hold in own control. There are many people who cannot buy large amounts of gold even if they want to because there are various legal complications. Various organizations of the government may raise questions especially about the source of income. But no such complaint can be made in the case of Bitcoin. Being a decentralized currency, anyone can store bitcoins in their wallet as per their wish and it also facilitates transfers. Gold and Bitcoin are both valuable, but Gold is very slow while Bitcoin can yield much higher returns if held for a long time.

Nrcewker

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Price falls are common in both gold and bitcoins. Hence, a person cannot decide on the basis of this. According to me, both Bitcoins and Gold have their own benefits and disadvantages. It depends on the person, like which benefits he or she wants to avail. Gold is regulated by the government, hence huge taxes are imposed on it; on the other hand, Bitcoins are famous for their decentralized nature. Bitcoins also grow at a more rapid rate than gold; hence, the risk to invest in bitcoins is also very high. So if you want less risk, then gold should be your ideal decision.

Awaklara

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Quote from: shawonngp on August 17, 2024, 09:42:26 AM

I can not choose specific one because both are very good, i have both in stock at the moment, gold is physically hold to me, but not too much because of security issue. Gold has been growing at very fast in the last 1 year, on the other hand Btc is increased highly. But i feel comfort to hold bitcoin because it can easily buy and transfer to other.

you hold both for the long term right? Gold will not be good enough for those who like the short term. but I don't know the gold trading situation on MT4. will its price movement remain the same as physical Gold in the market?
while for Bitcoin I think it tends to be more flexible. it can be traded or stored for the long term. both can still be profitable for traders and holders.

I also store physical gold. only for savings and to avoid storing fiat which is very easy to run out with higher desires than needs.

SamReomo

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Quote from: mindrust on August 17, 2024, 02:07:43 AM

However when you compare xmr or ltc to btc, then they act much better than btc as a currency. They are cheaper and much faster.

I prefer Litecoin for transactions myself because it's good and stable as currency but when it comes to XMR then I personally don't use it because of restrictions against it.

Since most of the transactions I do aren't high in value or have any wrong elements in those and that's why I don't care much about the privacy part. However, the ones who give high importance to privacy could go for XMR.

shawonngp

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I can not choose specific one because both are very good, i have both in stock at the moment, gold is physically hold to me, but not too much because of security issue. Gold has been growing at very fast in the last 1 year, on the other hand Btc is increased highly. But i feel comfort to hold bitcoin because it can easily buy and transfer to other.

YOSHIE

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

Which one is better. Bitcoin or gold?

Bitcoin and Gold have mixed views on the trading side, for me both are good, of course we have to separate them between online and offline, if we play with the internet and enter the crypto market, It is clear that carrying out trading activities is the best thing and if you are in the real world without the internet and at the same time entering the real market, of course gold is better in trading matters.

If you talk about gold and Bitcoin, I can assure you that we live in two different realms and act in different activities, you definitely know what I mean, This means that the object has good value in trade in the eyes of people all over the world, gold is being hunted by many and Bitcoin is also being hunted by many, both have the best value in any case.

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Quote from: Solosanz on August 17, 2024, 04:43:34 AM

When it comes to trading there's nothing like which one is better because both of them are same thing.

I think that when participating in trading, the results we achieve will depend on each person's skills, knowledge and experience. I don't see a difference between trading bitcoin and gold. I have traded with both asset classes and what I have found is that both are unpredictable and it will all depend on our knowledge.

What I like more about trading in bitcoin is that we can trade 24/7 because the cryptocurrency market is always active even on weekends. Meanwhile, gold traders will have less time because the stock and foreign exchange markets will both stop trading at the end of the week.

sulendra12

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For me personally, I save some of money to gold and keep it there and forget it just in case I need some sort of urgent money, I don't think it's suitable to even trade for short-term if you invest on gold because in here gold is some sort of long-term investment and people store it for that. Because the habit of slow increase every year I think you can just forget it once you save some of your money there and grab more if necessary.

Just do both if you have affordable money to lose and know what to do.

Solosanz

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When it comes to trading there's nothing like which one is better because both of them are same thing.

Bitcoin is 100% decentralized, while gold is not 100% decentralized but high unlikely the price can be manipulated. Trading in both assets are good because you can maximize your earning especially you can predict the bottom and the peak of both assets.

Even though digital gold is a fake gold, but as long as you didn't hold too long, it's fine.

mindrust

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Quote from: SamReomo on August 17, 2024, 12:09:27 AM

Quote from: mindrust on August 16, 2024, 11:27:13 PM

Both are good. Bitcoin doesn’t take physical space and it is easy to send and receive compared to gold.

If I'm not wrong then OP mentioned that he traded tokenized gold or perpetual contract of gold and that's also not physical. However, if someone wants to really invest in gold then he/she has to accumulate gold and wait for its price to move up and that's could be a tough job because receiving and sending of physical gold is always going to be tough as compared to sending/receiving of Bitcoin.

I don’t really like “paper gold”. To me it is not really gold, it is just another promise. I’d like to follow the old saying: “If you can’t lick it, you don’t own it.” If you follow this wise quote, you can’t get scammed so easily.

Sending and receiving gold is not that important since it is not a currency anymore anyway and bitcoin isn’t much really different because its transaction fees can get expensive pretty fast and it is still expensive when it is cheap.

Obviously btc with high tx fees is still better than gold as a currency it is like comparing 0 to 1. 1/0=inf. However when you compare xmr or ltc to btc, then they act much better than btc as a currency. They are cheaper and much faster.

SamReomo

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Quote from: mindrust on August 16, 2024, 11:27:13 PM

Both are good. Bitcoin doesn’t take physical space and it is easy to send and receive compared to gold.

If I'm not wrong then OP mentioned that he traded tokenized gold or perpetual contract of gold and that's also not physical. However, if someone wants to really invest in gold then he/she has to accumulate gold and wait for its price to move up and that's could be a tough job because receiving and sending of physical gold is always going to be tough as compared to sending/receiving of Bitcoin.

mindrust

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Both are good. Bitcoin doesn’t take physical space and it is easy to send and receive compared to gold. Gold on the other hand has a history of thousands of years and it is not easy to beat that. Bitcoin’s marketcap might get bigger than gold one day but I can’t tell if btc will exist 100 years later. Gold will. That’s the biggest difference.

In the end it is better to own both. It doesn’t have to be one or the other.

Topic: Which one is better. Bitcoin or gold? - page 5. (Read 1473 times)