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

mindrust

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Quote from: SamReomo on August 18, 2024, 11:25:47 AM

Quote from: mindrust on August 17, 2024, 03:07:43 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, 12:28:00 PM

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, 10:42:26 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, 10:42:26 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, 03:07:43 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, 09:46:39 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.

Iranus

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Quote from: Solosanz on August 17, 2024, 05:43:34 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, 01:09:27 AM

Quote from: mindrust on August 17, 2024, 12:27:13 AM

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 17, 2024, 12:27:13 AM

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.

dzungmobile

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Quote from: Adbitco on August 16, 2024, 06:56:38 PM

I am more comfortable with the price of bitcoin and how I do gradually trade bitcoin than any other assets out there, though I don't know gold is being manipulated but for bitcoin is somehow possible to trade on it after making your research to see if there's good news that could push the price above expected, though it could be traded different ways either again the market or toward the market. Like when Green and or when Red. But most option traders do like trading when it's on red.

Gold, stocks, real estate markets are all manipulated. In any free market, we always have big investors and retail investors, professional traders and amateur traders, there are manipulations from professional institutional entities to direct the market toward their plans and get profit.

When you spend your money to invest, focus on long term, you will be less affected by manipulations in the market. Gold, stocks, real estate, Bitcoin, if you use own pocket money to invest for long term, you will get profit and are likely immuned against manipulations in short term.

Quote from: mirakal on August 16, 2024, 07:39:15 PM

It certainly depends on individual's preference. If you are a low risk taker, prioritize gold investment over bitcoin, since it's less volatile and is most likely to give fixed profits in the future. However, if you are a high risk taker, bitcoin is the best option.

If you are a high risk taker, and want to use high leverage for your trading position, Bitcoin is still a safest choice for you. Because Bitcoin is a leader in this cryptocurrency market and if Bitcoin falls 10%, altcoins will fall -20% or -30% or deeper. If you take a same high leverage with Bitcoin and altcoins, you will have bigger risk of liquidations on your positions in altcoin than in Bitcoin.

mirakal

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It certainly depends on individual's preference. If you are a low risk taker, prioritize gold investment over bitcoin, since it's less volatile and is most likely to give fixed profits in the future. However, if you are a high risk taker, bitcoin is the best option. Where there is higher risk, bigger profits await, and bitcoin can attest to that. But of course, one should invest learning all the basics first, and certainly invest at your own risk knowing all types of investments cannot guarantee secured profits 100%.

Adbitco

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I am more comfortable with the price of bitcoin and how I do gradually trade bitcoin than any other assets out there, though I don't know gold is being manipulated but for bitcoin is somehow possible to trade on it after making your research to see if there's good news that could push the price above expected, though it could be traded different ways either again the market or toward the market. Like when Green and or when Red. But most option traders do like trading when it's on red.

WatChe

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Gold market is more mature and old as compared to Bitcoin. Moreover market cap of Gold is also high when compared with Bitcoin. Regarding OP question that which one is better, to me it's more related to your skills that which market you can handle. If I have to invest then I will go for Bitcoin since I have expertise in Bitcoin. I won't go for gold because I don't have any experience of that market no matter how much lucrative it looks like.

Dr.Osh

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actually, gold and bitcoin are both good. Both have their own advantages and disadvantages. Personally, I currently use bitcoin more than gold. That's because I feel that bitcoin is more flexible and easier to utilize than gold. However, my ultimate target is to have a lot of gold and bitcoin.
Gold has a very good rate of increase. Even if you look at it from the past few decades, prices tend to rise. It's safe to say that this is a very good long-term investment, and there's no need to think too much about it. Even though bitcoin has the same potential, we need special attention when investing in bitcoin. However, both have their advantages and disadvantages.

Faisal2202

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Quote from: Fivestar4everMVP on August 13, 2024, 10:33:47 AM

Well, I've never really traded gold, so basically, I am just going to for with what I am familiar with, which is bitcoin.
But all the same, I will take this as an invitation to learn more about gold, possibly apply a few trades to it and see how it goes, though I am not a frequent trader, like I only trade when ever I just feel like I should, more like a hobby or something I simply do just to catch some Cruz.

But again, that's just me, I am very familiar with gold on MT4, but have never thought of opening a trade on it, my focus has always been on bitcoin and ethereum, and sometimes when the crypto market is too unpredictable, I switch to fiat, like usd/euro, usd/jpy and so on and on.

You should do what you think is right you don't have to try Gold just because OP or someone else is trading in Gold, as from the words of OP I can say he is also new to Gold Trading CMIIW. We all should first settle our minds about whether we need to do this type of trading or not.

However, just like BTC, everyone wants to go long even on Gold because people and I call BTC the digital Gold but with better benefits. I prefer to buy BTC, not Gold but still Gold is a good option. I don't do future trading so that's why I need more volatility and gold can't give me that.

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