Which will do better in this Economic Crisis ??? BITCOIN or GOLD ??? - page 4.

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

Quote from: HardFacts on April 11, 2020, 04:49:57 PM

~
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. ~

That's far from being a fact today, and it has never been a fact, actually. Of course you can buy gold anytime, the only question is the price you are willing to pay.

"Gold has gone up in value", you say, well, the price is still lower than it was at some points in 2011 and 2012, but I really doubt it will go much higher.

Also, your "fact" that this crisis "will last for MANY YEARS after the COVID-19 virus is cured" isn't a fact either.

I personally prefer Bitcoin over gold for several reasons, and the fact that the USD price of BTC is still much lower than its previous ATH is one of them.

Let's be realistic, there is a lot of gold in the world, and it's been around for a while, so people who want to have it, have it already. Thus it's price can rise 100% max before a massive sell out will lower it again.

Bitcoin, on the other hand, isn't owned by many. Most people are yet to discover that it's not a Ponzi scheme. So it has a potential, while gold's potential is almost depleted.

Vishnu.Reang

sr. member

Activity: 1988

Merit: 453

I am someone who has invested in both the assets. I invested in Bitcoin more than three years ago (January 2017) and BTC has given me returns of +700%. On the other hand, my investments in gold (December 2018) have given me returns of around +45%. I am happy with my investment outcome in both the cases, although in the recent times, Bitcoin has given a better return.

Becky666

full member

Activity: 756

Merit: 231

Sheuu, to what I remember about the Gold and Bitcoin; they are all pegs to fiats, in this case I would rather choose Bitcoin during economic crisis over gold. Not because am a Bitcoiner but because I know how powerful a technology can help nations during crisis. The recent pronunciation by the WHO as Coronavirus be seen as a pandemic has been seen as either gold or Bitcoin could suit the situation at hand. In my own opinion, am comfortable with the technology(Bitcoin) than to see myself with gold.

Ziskinberg

hero member

Activity: 3010

Merit: 666

What's the reason why I am here? of course I'll be investing with bitcoin that with gold.
With bitcoin based on my experience, it's volatile but I believe its future is great, and in fact I have already made profit in the past, so I trust bitcoin.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: raynerhf on April 12, 2020, 12:54:59 AM

I would say gold would do better simply because it is less affected by the economy as a whole as gold will always be valuable. Such as in computer parts or astronaut suits or what not.

Gold will be less affected because gold is a non-correlated asset that actually has the liquidity to be an effective one; in contrast to bitcoin whereas the liquidity dwarfs gold's. Hence why bitcoin isn't that good of a hedge(in the short term) as of now.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: HardFacts on April 11, 2020, 04:49:57 PM

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.

Comparing an asset that has existed for thousands of years (gold) with BTC that originated just over 10 years ago doesn't really make sense. Of course, gold is less volatile and people trust it more, so it will go much better in every crisis, including this present one and the one that is yet to come.

Also, BTC price dump is something that was only temporary, the recovery quickly followed, and gold is also go down at that time around 6%. In last 20 years gold is up by some 500%, today it is down almost 3% - in last 10 years BTC is up from 0 to $20 000, with today price of almost $7000.

Looking in the short term is always deceptive, the numbers don't lie.

kryptqnick

legendary

Activity: 3248

Merit: 1402

Join the world-leading crypto sportsbook NOW!

Quote from: HardFacts on April 11, 2020, 04:49:57 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 Huh

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

Okay, I know that for some reason you like to hang out on this forum and spread anti-Bitcoin stuff, but I'll try mature communication here anyway. So the truth is, we don't know what'll happen with Bitcoin. It's too new, it's too volatile, the situation is quite unique for it. So counting on Bitcoin as a safe haven in this crisis is probably a bad idea. Gold, on the other hand, has been around for a while, so luckily, we can analyze it better. The best time for gold was in 2011 with $57.5k per kilo. During the previous economic crisis, it went up and down but eventually cost around 20% more than when it began and never went significantly down. So gold seems to be a safe option if one wants to preserve what one already has. However, if one's looking for profit rather than stability, gold when up about 6x over the last 20 years with the last 10 years being more about recovery than growth. Bitcoin, on the other hand, went from $100 in 2013 to $7k which is its current price. The risks are huge but the profit is also incomparably bigger. Now, since Bitcoin did not go through a global economic crisis before, we cannot know how it'll behave, so all of that being said, gold definitely seems like a safer bet right now (but I won't go for it anyway).

noormcs5

hero member

Activity: 2814

Merit: 618

Leading Crypto Sports Betting & Casino Platform

Quote from: cheater detector on April 12, 2020, 03:02:35 AM

Why not both? It's better than choose only one.

My suggestion if you want more safe investment, pick gold. Since gold is from long time ago, well known from everyone, and stable price. But gold doesn't have high return.

If you want more risky, pick bitcoin. Bitcoin price is very volatile and have potential high return or loss.

As a famous saying, "Never put your all eggs in the same basket", it is a good idea to keep your funds in both gold and bitcoins. Seeing the current economic crisis, the paper money will lose its value very quick and stocks are not safe. I will urge everyone to take out their saved money from the banks and invest in these two assets, Gold and Bitcoins.

cafetools

full member

Activity: 266

Merit: 108

BTC, gold, and the stock market all crashed prettymuch equally due to the corona virus. Just look at all 3 graphs. Bitcoin is going to be the most profitable investment from here on out of course.

HODL for a year or 2 and we are going to see a 100k BTC. Wheras gold has only risen $600 over the last 5 years. current gold price $1600.

samcrypto

sr. member

Activity: 2044

Merit: 314

Vave.com - Crypto Casino

Gold always move because of the seller and buyer, its not that volatile but I don’t believe that no one trades their Gold. We don’t know yet but since Gold is here ever since, and bitcoin is just a decade old we can see the history was in favor to gold. The market crisis will give a best opportunity to gold and bitcoin, and I believe its better to have these two asset, we don’t need to choose where we can buy both of these and I’m sure, they will go up during the recession.

cheater detector

member

Activity: 213

Merit: 53

Why not both? It's better than choose only one.

My suggestion if you want more safe investment, pick gold. Since gold is from long time ago, well known from everyone, and stable price. But gold doesn't have high return.

If you want more risky, pick bitcoin. Bitcoin price is very volatile and have potential high return or loss.

virasog

legendary

Activity: 3136

Merit: 1172

Leading Crypto Sports Betting & Casino Platform

Quote from: pakhitheboss on April 12, 2020, 02:41:48 AM

I still believe in Bitcoin and I still think it is far better than Gold.

If we compare Bitcoin with Gold for the last ten years the price growth of Bitcoin is way much higher than Gold. It is still too early to compare Bitcoin it with Gold as it has been only 10 years.

Since this is a bitcoin forum, so many people will vote for the bitcoin. I am not saying this is wrong but gold is more stable of the two. Bitcoin still have some risk in the economic crisis but gold is the risk free investment in every situation. You may not get much profit if you invest in gold, but at the same the chances of losing your money in gold is also very less.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

I am for Bitcoin still(though i have golds as a jewelries and not for anything more) why bitcoin?because i know even there are tons of Ups and falls from this currency still in future there will always be a profit for the one who can afford to wait.

Quote from: pakhitheboss on April 12, 2020, 02:41:48 AM

I still believe in Bitcoin and I still think it is far better than Gold.

If we compare Bitcoin with Gold for the last ten years the price growth of Bitcoin is way much higher than Gold. It is still too early to compare Bitcoin it with Gold as it has been only 10 years.

That depends on our perspective because even that Bitcoin have grown higher yet it falls this year.

pakhitheboss

hero member

Activity: 2156

Merit: 803

Top Crypto Casino

I still believe in Bitcoin and I still think it is far better than Gold.

If we compare Bitcoin with Gold for the last ten years the price growth of Bitcoin is way much higher than Gold. It is still too early to compare Bitcoin it with Gold as it has been only 10 years.

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

I think the question should be which will serve me better in times of serious crisis.
In my opinion, the temporal decrease or increase in price shouldn't matter too much... besides, Bitcoin is deflationary.

Gold is ok as long as people have them physically to prevent those who have custody of the physical gold (while issuing "paper or digital gold") from abusing it. Wish there are fool-proof ways of verifying the physical gold.

Well, I honestly believe that a well decentralized tech (whether physical or online) will serve people better. It's by far more secure and safe.

cryptoaddictchie

legendary

Activity: 2268

Merit: 1379

Fully Regulated Crypto Casino

One thing is both have. They both have limited supply. In terms of usage, I am not sure there is a competition here. Well as you can see gold has been used on so many important sector and can be used as currency backed up too. But still, you cant ignore potentials of bitcoin that it can also weight the same value of gold in the future. In the modern era that we have living now, use case is important and few years from now, I am seeing a bright future for digital currency as almost important such as gold.

If you think some will be driven out due to a crisis happening, well they are not out of their mind but seeing an advantage to own now and not regret later that they dont invest at a time that it is now cheap.

The Cryptovator

legendary

Activity: 2408

Merit: 2226

Signature space for rent

I don't like to compare bitcoin with gold, but I have voted for bitcoin since I have strong belief for it. It's true bitcoin dumped huge during this global crisis, but nothing new for bitcoin. We have seen previously similar behavior of bitcoin even there wasn't global crisis. If you buy gold perhaps it wouldn't give you return like bitcoin. What I believe, who are familiar with bitcoin nicely then they will never invest on gold right now. Rather they will wait for to buy bitcoin with reasonable price. Same thoughts for me, I wouldn't invest on gold on that situation but I would invest on bitcoin if in case dump more. Because I believe we might see a bull run after this global crisis. So don't wanna miss that opportunity since I am well familiar with it.

davis196

hero member

Activity: 3164

Merit: 937

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.
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.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

Depending on how the world is doing according to all the constraints, the most logical thing is that those who buy Bitcoin will have a short-term return on investment, because the advantage that Bitcoin has over Gold is that it can reach high prices in the market, the Gold by nature will always be a safe haven, but Bitcoin is much more volatile and that makes it more attractive for investment. I´m sure that when everything related to COVID-19 is finished, all markets will begin to recover and Bitcoin will be no exception.

CaVO32

full member

Activity: 1848

Merit: 158

Quote from: maydna on April 12, 2020, 12:44:07 AM

I don't try to figure out, but as far as I know, both bitcoin and gold need to be sold first and convert into fiat money before we can buy something in real life. We do that because, in many countries, people still use cash so I think we cannot compare between bitcoin or gold because both are different. But perhaps, we can use bitcoin to buy something online, but not all of the merchant wants to accept bitcoin as the payment. They still prefer to use Paypal or credit/debit card.

Bitcoin and gold will go up by itself, no need to worry, and if you want to invest, you should choose what suit for you.

Yes, there's no need to think which one is better in this time of crisis. As you need cash for the most part, you both need them to convert into your fiat so you will have something to use for your basic necessities. And whatever you choose for short term or long term investment, it is all on you. If you want to have a good sleep at night, you will put money on gold investments as their price is relatively stable. However, if you want to take bigger risk, you can opt some for crypto. And wait for that investment to gain profit. So it depends on your priorities here. Every person has their own goals when it comes to their investments.

Topic: Which will do better in this Economic Crisis ??? BITCOIN or GOLD ??? - page 4. (Read 677 times)