Which one is better. Bitcoin or gold? - page 6.

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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 honestly like both but in terms of current usage bitcoin is much more profitable compared to gold. I also never trade gold because I prefer to keep it after buying it so there is not much to discuss regarding this. In the current situation after spending a few years in crypto I see bitcoin as one of the perfect concepts to achieve financial freedom. There is a force that drives us to choose bitcoin over others and the reason is much more acceptable to human common sense.

This drive is what makes some people feel it is important to choose bitcoin over gold. But if it can be used simultaneously it will be much better but I believe everyone has different views on this. All decisions must be taken based on mature considerations and involve knowledge in order to avoid unnecessary losses.

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Quote from: South Park on August 13, 2024, 07:04:07 PM

If you are a trader then the decision is easy, go for bitcoin, a trader only makes money when the market moves, and the more volatility there is, the more money it can be made, and since it is obvious that bitcoin is more volatile than gold then bitcoin should be your first choice as a trader

Both investors and traders need the market moving because if the market does not move, there is no price growth and no chance for investors and traders to take profit. Both investors and traders need volatility in the market to make their entries and exits.

To have good entry price, they will need market corrections to buy with cheaper price and chance to get more profit after market rallies and grows upwards.

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the issue are the alts you are trading, as if you are taking your chances with meme coins and the like, it is entirely possible you could lose a great deal of your capital if one of those coins collapsed.

Altcoins are very risky because their teams are unknown in quality for development and dedication to keep up their project developments. Gold, Bitcoin have already been tested globally for many years and they have less risk to die than all altcoins. Bitcoin has already become a decentralized project in development that makes it nearly impossible dies.

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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 you are a trader then the decision is easy, go for bitcoin, a trader only makes money when the market moves, and the more volatility there is, the more money it can be made, and since it is obvious that bitcoin is more volatile than gold then bitcoin should be your first choice as a trader, the issue are the alts you are trading, as if you are taking your chances with meme coins and the like, it is entirely possible you could lose a great deal of your capital if one of those coins collapsed.

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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.

However, if you want to be more thrilled and excited with your investment and get rich in the long run, trust bitcoin instead and invest on quite a big capital. The risk to lose is high but the chances to make you an instant millionaire is also high. Just buy and hold for couple of years without getting tempted to sell, I'm sure you will make impressive and excellent profits in the future that will terribly change your life status after that.

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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.

I actually bought some gold but I didn't buy gold to trade and till date I haven't traded any gold. But I have been successful most of the time in Bitcoin and Altcoin trading. But I have accepted risk and loss while investing and trading Meme Coin in Altcoins. Although you can easily estimate the gold transaction price and it seems easy to you, but it is very difficult for me because I have never traded gold so it is very difficult for me to get the exact price. But it's a bit risky for me because I'm still trading bitcoin and altcoin, although your gold trade is less risky for you but much more risky than when I traded in bitcoin and altcoin, but that's just for me. Simply put I would choose Bitcoin trading over gold trading.

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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.

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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 trade Bitcoin and some altcoins. I never traded Gold and there's chance that I might avoid trading it in future as well. Even only Bitcoin, Lite Coin, Ethereum, Ton, Solana, and a few such coins are more than enough for me to make my profits.

if someone wants to make good profits then altcoins can be good for that person but they are way more volatile and riskier than Bitcoin. However, if someone wants to make profits without much risk then of course there's no alternative of Bitcoin.

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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 don't trade gold, but I hold gold in physical form. I also trade Bitcoin, but I think Bitcoin and gold will be better for the long term. buy and hold.
gold has also had a good movement in the last 10 years. those who bought it when it was cheap and still hold it will be very happy.
but for gold trading on the exchange, I haven't done it. but if it's true as you said, a long position might be more profitable. although I also don't know how the price of gold can be profitable enough when the short-term price movement will be quite small.

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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.

Let me start with I am sticking with bitcoin strictly because I am crypto person not because of anything, i have seen many forex traders actually using some certain period of time of day to actually trade Gold, they sometimes short or long when some countries trade opens this things have actually made me think it is predictable but with some of the losses I see most times from some experience traders I don’t think it is predictable all the time.

The similarities between gold and bitcoin and why many traders prefers to trade it is simply because of their low volatility rate when compared to other currencies. As for bitcoin many prefers to trade it, because even if you don’t like that it is wise to analyze it first before taking other altcoin trades since they mostly follow its trend.

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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.

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.

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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.

Topic: Which one is better. Bitcoin or gold? - page 6. (Read 1338 times)