Topic: Which will do better in this Economic Crisis ??? BITCOIN or GOLD ??? (Read 637 times)
April 17, 2020, 09:25:00 PM
I definitely think during economic crisis gold will perform better(op's question).But if we are looking in long term basis bitcoin is way ahead in many ways as a new coin due to its easy accessibility as well as portability. Gold is good because of its stability but if we are talking about long term returns bitcoin will easily surpass gold in terms of return as well as its scope of use. In short gold is good if one wants stable investment option , but if we are looking for good returns bitcoin is better.
April 17, 2020, 03:41:45 PM
This crisis has affected stock prices. The prices of oil, cocoa and many others are crashing. Even if crypto is crashing at this time, we are sure that the price will rise again. I would choose crypto over any other coin.
April 16, 2020, 10:59:35 AM
There are months to come when we will be able to say that the crisis is over. If hyperinflation occurs in many currencies then bitcoin would win for sure. It is not user friendly to carry gold bars and ensure authenticity ))) If not, then bitcoin still has greater chances. Because of its low market cap it can make 10x or more while it is almost impossible for gold to do the same as gold market cap has to go to 80 trillion.
April 16, 2020, 09:41:08 AM
We are in a cryptocurrency forum so we could be a little bit bias. But in a rational perspective i would say that Bitcoin will do much better in the future because gold. You can't really send it across the globe instantly like what Bitcoin could do with the cheapest fees.
And in the recent news the banks are planning to confiscate gold from investors.
I don't think so, in the most equitable way, both can be groundbreaking in value right now but i consider gold would be better because the user community of crypto and bitcoin is not an ideal number, this cramped space will limit bitcoin's value while gold is a product that the whole world can easily recognize and invest. Looking to a future where recovery begins, investments will gradually return to the stimulus from the government, businesses and investors, gold will undoubtedly stand out more in that moment, instead of an unfamiliar investment like bitcoin And in the recent news the banks are planning to confiscate gold from investors.
April 16, 2020, 07:53:33 AM
We are in a cryptocurrency forum so we could be a little bit bias. But in a rational perspective i would say that Bitcoin will do much better in the future because gold. You can't really send it across the globe instantly like what Bitcoin could do with the cheapest fees.
And in the recent news the banks are planning to confiscate gold from investors.
And in the recent news the banks are planning to confiscate gold from investors.
April 16, 2020, 07:53:07 AM
the percentage shows the most votes at the moment to bitcoin. that means, that crypto users prioritize bitcoin over gold right now. however, I guess it's because they can use bitcoin to get extra income, even more so under these circumstances. Well, gold might be good, but it will only continue to be stored.
April 16, 2020, 07:47:06 AM
OP, what are you shilling the people to buy? Gold, or gold certificates? Because Gold deliveries are unreliable because of the pandemic, but Bitcoin will available 24/7.
Not your vault, not your gold.
Not your vault, not your gold.
April 16, 2020, 02:12:57 AM
I do like Bitcoin, but I am not surprised about what happened recently. Right from time we have all known that Bitcoin is a volatile asset, and anyone that says that they are not aware of that is a big liar. Bitcoin is a volatile asset, so you're not meant to believe those that are saying it's a safe haven. When you invest in bitcoin you're doing so at your own risk, and might lose your money.
But despite what has happened, I'm still not going to stop buying Bitcoin, as long as I have the money I am going to buy and store them in my wallet. Bitcoin has proven to be good when you invest in a long term, the problem is that not everyone can hold for long. Most people here are just looking for quick profit.
But despite what has happened, I'm still not going to stop buying Bitcoin, as long as I have the money I am going to buy and store them in my wallet. Bitcoin has proven to be good when you invest in a long term, the problem is that not everyone can hold for long. Most people here are just looking for quick profit.
April 15, 2020, 09:49:41 AM
I never expected the price of bitcoin to crash this much due to the fact that amid this covid 19 crisis that is affecting all aspect of the economy, bitcoin should have been alternative currency at this period there leading to high demand for it but revise is the case. And in the case of gold we all know how hard it is to access the metal asset ordinary not to talk of the period of lock down in most part of the world so that can cause it demand to increase since access is restricted.
April 15, 2020, 09:39:39 AM
Firstly, Gold can be bought online and saved online in the form of stocks. There are stocks backed by gold and in our country they are called Sovereign Gold Bond.
What you describe is NOT, NOT, NOT gold... It is well known that there are about 500 ounces of PAPER GOLD for every ounce of real gold, so what you would be buying is paper backed by nothing
That works until confidence is lost, then it does not work and your paper is worth ZERO
Hard Facts
April 15, 2020, 05:31:09 AM
I think that both gold and bitcoin will cope well with the crisis. And the figures now point to this.
April 15, 2020, 04:39:28 AM
I agree.
But let's think of majority of ppl. Gold stays for them as kind of stability
But let's think of majority of ppl. Gold stays for them as kind of stability
April 15, 2020, 04:17:40 AM
I do think it is Bitcoins which is winning the argument here.
Gold have a stability ratio but at the same time during the Pandemic one can agree that the price is not well , after 2 years people are hoping that gold will hit all time high , but I do think if we think of the present moment Bitcoins despite the economic crisis and instability due to the Corona virus is still able to hit a Preety stable point in the past at the same time we are going much closer to halving and it can actually increase the prices of this asset .
Plus trading options are also better in Bitcoins .
Gold have a stability ratio but at the same time during the Pandemic one can agree that the price is not well , after 2 years people are hoping that gold will hit all time high , but I do think if we think of the present moment Bitcoins despite the economic crisis and instability due to the Corona virus is still able to hit a Preety stable point in the past at the same time we are going much closer to halving and it can actually increase the prices of this asset .
Plus trading options are also better in Bitcoins .
April 15, 2020, 01:23:37 AM
Bitcoin is doing just fine.There's no need to compare a very volatile new asset like BTC to a very stable asset that has been used as money for thousands of years.
Gold is reserved for the central banks and institutional investors.Good luck trying to buy REAL gold coins.
Gold is reserved for the central banks and institutional investors.Good luck trying to buy REAL gold coins.
That's right, bitcoin is volatile and it can go lower or higher depending on the situation or the season. They have different advantages and different functions in the economy and comparing them will not help and influence it price. BTC is also used as a store of value for so many years since 2009, and gold is older than btc that's why some people prefer to store gold rather than bitcoin. Like what' I've said, they have different importance in the economy, like bitcoin is for a digital purposes.
If you are a smart investor,then you could probably buy both Bitcoin and gold(if you can find where to buy gold) and see what happens.There's no need to choose only one option and dump the other.
Yes, if you can handle two assets like gold and bitcoin then you just need to manage and manipulate it properly so that none of these two will be loss or become useless. Stop arguing on what is the most essential and will do better in a crisis, both are profitable and will help you when you need money for your necessities. They are good to invest and you should prioritize your investment and never let it go down so that you prevent losses in your money.
April 14, 2020, 11:32:37 PM
FACT: BitCoin grew up in an Economic Bubble, we are now in an ECONOMIC CRISIS that is just getting started and will last for MANY YEARS after the COVID-19 virus is cured. BitCoins 50 % CRASH at the start of the economic crisis should worry everyone as we now know how BitCoin reacted to its first real crisis.
FACT: Gold has gone up in value in response to the crisis, and it is virtually IMPOSSIBLE to buy gold actual gold coins now, everyone wants gold, but no one is selling. This should clue in even the dumbest people as to where the real price is going.
NO ONE here would have predicted these facts just a few months ago. If I had posted this in January, most people here would have been ridiculing and denying the above facts, and telling everyone to just ignore it as FUD.
THE QUESTION IS: Is anyone here starting to figure things out yet ? Or has reality not hit you had enough yet
Which will go up more from today: GOLD or BITCOIN
Vote, and post your answer below. Months pass quickly, we will look back and prove who is a wise investor, and who is a fool.
https://i.imgur.com/u6MUK2l.jpg
FACT: Gold has gone up in value in response to the crisis, and it is virtually IMPOSSIBLE to buy gold actual gold coins now, everyone wants gold, but no one is selling. This should clue in even the dumbest people as to where the real price is going.
NO ONE here would have predicted these facts just a few months ago. If I had posted this in January, most people here would have been ridiculing and denying the above facts, and telling everyone to just ignore it as FUD.
THE QUESTION IS: Is anyone here starting to figure things out yet ? Or has reality not hit you had enough yet
Which will go up more from today: GOLD or BITCOINVote, and post your answer below. Months pass quickly, we will look back and prove who is a wise investor, and who is a fool.
https://i.imgur.com/u6MUK2l.jpg
If we will look at reality and on the practical side, Gold is really needed these days. Especially those families which are included in the lower class and middle class. Why? Because firstly, they aren't educated about Bitcoin. And of course, they can't afford more on investing on an internet connection to be in the crypto world. But if we are to check the safety and health of individuals, it is really safer to use digital currency or crypto currency because fiat leads the list in having the likeliness of catching the virus.
But if we are to weigh between the two, they have their own uniqueness and characteristics which are different in their application. We don't have to choose one from the two but instead, make use of each one for the betterment of our investments and assets.
April 14, 2020, 07:49:31 PM
With Bitcoin, you can grow your investment but Gold can't do this.
Are sure that gold can't grow our investment? I don't think so. As long as the price of gold can increase, it means our investment can grow as well. But it is true that Bitcoin can make it grow better as Bitcoin value is very volatile. So, it has a chance to increase more than what gold can do.In my opinion, Bitcoin is more useful than gold to considering this period because we can use Bitcoin for many things.
I am not sure which one is more useful but surely both are useful. You can use Bitcoin both for investment and for payment purposes, but unfortunately not in all countries in the world it is legal. While gold is legal in all countries and you can be easier to convert it to fiats. Well, for me each has advantages and weaknesses. legendary
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April 14, 2020, 07:11:18 PM
I thing bitcoin and gold are completely different things. we cannot compare these two to each other cause both have different values. With Bitcoin, you can grow your investment but Gold can't do this. In my opinion, Bitcoin is more useful than gold to considering this period because we can use Bitcoin for many things. You know that many countries already have legalized it and many online shops take payments via bitcoin. so, if we invest on BTC, we will get a smart profit in future.
April 14, 2020, 06:57:47 PM
I believe that it is necessary to have physical gold, and not some bonds and so on, which, in theory, you can exchange for gold. If you rely on gold, you need to store it so that you always have access to it at any time, that is, at home. Neither in the bank, nor anywhere else, exclusively at home.
April 14, 2020, 10:14:19 AM
Firstly, Gold can be bought online and saved online in the form of stocks. There are stocks backed by gold and in our country they are called Sovereign Gold Bond.
What you describe is NOT, NOT, NOT gold... It is well known that there are about 500 ounces of PAPER GOLD for every ounce of real gold, so what you would be buying is paper backed by nothing
That works until confidence is lost, then it does not work and your paper is worth ZERO
Hard Facts
April 14, 2020, 09:40:07 AM
Firstly, Gold can be bought online and saved online in the form of stocks. There are stocks backed by gold and in our country they are called Sovereign Gold Bond. And about the comparison with bitcoin, if we talk about the long term then Bitcoin will be much valuable than gold because of it's finite supply whereas gold can be mined anytime and hence won't be that valuable in comparison to bitcoin.
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