Topic: Who is Faster to dwindle at the price in the long run BITCOIN OR GOLD (Read 411 times)

One of the things those that support gold conveniently forget is that the very thing that makes gold a good store of value which is the fact that it is recognized all over the world and that has been around for thousands of years is what makes it inferior as an investment compared to bitcoin, they still remember the time gold did 20x many decades ago when bitcoin did a 12x just a few months ago, and this is going to be huge when it comes to which form of money is going to be supported in the future over the other.

But that is the short term, the OP wants to know which one of those assets goes down the fastest on the long term and right now this is difficult to know as we know that bitcoin over the long term has a tendency to grow while gold is incredibly stable and can also go up in price relatively quickly if the economic conditions allow it, so I think an investment in any of those two assets is a good investment and it is unlikely you are going to lose too much money with either of them if you can hold your coins for the long term.

There's no doubt Bitcoin is the one who will win when it comes to price movement since it is more volatile than gold. However, knowing the fact that it is volatile it is more like a double-edged sword as the price could possibly make a huge dip and that happens, unlike gold which is more stable. With that note, I don't think they can be still comparable as they have their own pros and cons. If you like to take a greater risk then go for Bitcoin and if not then go for gold it's still your choice anyway. Folks right now are into quick profit that is why they choose to invest in Bitcoin and the rest of cryptocurrencies.

I checked the price of bitcoin yesterday and it was trading at $56k and waking up today to check the price has dropped to $50k and with that you see the speed of change in bitcoin, although such change is both for increase and for decrease, it is then depends on you about the kind of risk you desire to take. Bitcoin is decentralised and not controlled, many investors like it as that but gold isn't that volatile and you could either have some information about it before a major slide.

We can actually tell the difference.
But it is really that just right to make out comparison? When it comes to price movement then Bitcoin do win in all angles.

People do even treat bitcoin as an online gold but it isnt the purpose on why its been created.People are really making some comparisons
on things that shouldnt be compared.

10 year movement of gold price or value.

Those kind of laws vary greatly depending where you live and if it was discovered there was a literal mountain of gold below the ocean then I am sure the laws will change relatively quickly to accommodate for this new reality, besides is it really that different from what we already do as humans with those gigantic oil rigs? I think this is a possibility even if it is not going to be allowed on every single country around the world.

Yes,,, something a lot of crypto do not seem to get. I like rice, for example and would invest in a rice business instead of a pokemon business but that is all oranges and apples (fruit yes but could not be different in taste and content etc).

Investment in real estate, you see the same people banging on and on about what a beauty real estate is and it gives you 10% return every year but is is not as liquid as crypto. But this does not make it better!

The supply of gold is rising nonstop. The supply of Bitcoin is fixed at 21,000,000 BTC. Mining gold has never been as efficient with what the latest technologies can offer to mining. Bitcoin mining on the other hand will only produce so much and the reward is even halved every 4 years. Furthermore there might be gold outside earth of unmeasurable quantities. Bitcoin in space, on Mars? There is none.

Having said all these, it is obvious whose price will dwindle more in the long run.  

A good relevant website to check for this and alot other prices would be pricedingold.   I'll post a screencap below but definitely one to bookmark for a good perspective on long term pricing and any mention of gold we are discussing decade long themes in markets and thats ok because Bitcoin is over a decade old now can be considered established as something of its own asset class.

Obviously we are talking different dynamics, gold might not gain 10% in the next 10 years but its not invalidated by that.   Not sure it can be immediately explained but its not a great idea to store all value in one sector or asset class, long term you need to lock gains and reduce risk certainly when moving out of your 20's and saving for pension etc.    The ultimate purpose of money is security not wealth or any other transient concern, if we do see extremes  in the world of any kind then money will come back to security for its values and every other asset class reduces based on its risk perception and yield.
   This kind of question is why Warren Buffet or similar have such disdain for crypto, they believe it is only risk based not valid in a recession is my guess however they need to explain themselves better and failed to do so.
  WB admits to have no take on technology development.   BTC is relevant to security so its not opposed to gold imo they have different purposes and performance variables likely now and forever.  Gold can gain 10% in a day so far as I know but would be a tectonic earthquake type move as it is larger then crypto, it is possible but generally crypto has higher velocity, volatility and trading returns likely growth returns also.


Also I'll throw this out there mostly so people can investigate for themselves at some point.  Nobody really escapes the influence of the largest asset prices and interplay across the economy

Is there any instance where gold is found in the ocean, do you really think that anyone could get any kind of permission to dig gold when everyone is caring about the nature and talking about climate change issues and do you think that anyone would get a permission to mess around the ocean surface. So forget about ocean findings, even if a gold mine is found the price of gold will not go down just like that.

It is not as easy to know as you think, gold has been performing the function of a store of value for a long time, that is true, but there are many sources of gold that have not been exploited and this is going to change during the next decades and centuries, for example most of the gold ever found has been found on dry land, but dry land is only a small amount of the surface of the planet, once we develop the technology mining gold below the oceans will be possible and the supply of gold will increase dramatically.

What do you mean dwindle?

Both of these asset classes are excellent hedges against inflation and an imminent fiat collapse in the long run. I probably wouldn't say that they would all of a sudden start crashing and stop being a store of value just because of some temporary change in the marketplace.

But I do think that BTC at the present holds a lot more upside still compared to gold - simply because it is much more convenient compared to gold, and has just the same store of value properties. As adoption and retail interest continues to grow, so will the rewards for those who put trust into it from the beginning.

Why would really be making yourself put in a hard situation on making choice if you can have both? Im not really fan on comparing Bitcoin and Gold yet we know on what are the similarities and
of course its differences and when it comes to market then its too different and when it comes to form then its totally different. So making out comparison and trying to clash out
both things is a bit off to me and so whenever i do see bitcoin and gold discussion then im not  really expecting that much and mostly in ignore.
For the sake of on topic reply then when it comes to dwindling prices then it all matters with the demand. Period.!

Why should any prevail. I am sure in the future both Bitcoin and Gold will be used more the they are today. That is all that matters. If Gold prevail, but is being used 10 times less is super bad. Dot you think so? Whatever you try to invest in ask yourself if it will be used 10 or 20 years from now.

Bitcoin and gold both are good investment but there are some key differences between the two. In case of financial crisis, bitcoin could dump harder than gold and also bitcoin is more volatile than gold. If you are sort of person who can't see his investment fluctuate too much, then gold is better for you but for the new generation, they will only invest in bitcoin as they know the solid future of bitcoin.

If the OP asks who is faster, surely Bitcoin is faster to make a profit because the market is very volatile. but on the other hand gold is almost irreplaceable as one of the best investments at a fairly stable price. gold has also long been a parameter to measure wealth or the amount of assets a person has

Demand for gold is ever increasing that is why it still increase in price overtime, not saying there is also a devaluation of currency while gold never losses its usage.


Why pick one when you can choose both.  Diversification is good especially if your portfolio includes both gold and Bitcoin.

Asking what to invest in if it is Bitcoin or Gold is like asking what kind of investor are you and what is your risk appetite because they are definitely not the same where Gold is stable and Bitcoin is volatile so it is really up to you. Gold is one of those precious metals that not only is seen in jewelries but also is used in our gadgets and equipments that is why it has high demand on a lot of industries while Bitcoin on the other hand has proven to be good in terms of price appreciation and how it can outperform other asset types in a matter of days. So if you are willing to take a risk with your money you can go ahead with Bitcoin but if not there is other options out there that can still grow big like some of the stocks in the stock market.

Gold will always be valuable no matter what. It may decline in valuation equivalent to fiat in the long run, but it will always be useful for something, especially technology. It might fail as an asset but it will never fail as a raw material, which will surely retain its value even as times pass. Bitcoin will be the king in price appreciation over time, true, but gold will always find its place in the asset market that's for sure.

Well I guess the characteristics of the crypto market or the bitcoin market as being volatile has some advantages to think when compare to gold but really risky to consider.
for me both bitcoin and gold are valuable and worth to invest for but if I am going to analyze between which one for me is good for short term and long term investment then I'll go with gold for a long term and bitcoin for a short and long term investment. Yep, I am classifying bitcoin as long term and short term but it was all based on how you dealt with your investment.

To be honest, we don't know because we don't see the end of the the line for both commodities that are in question, gold has been a sought after since the dawn of humans while bitcoin is still relatively a youngling when compared to gold. I would say that both doesn't doesn't dwindle in value.

I will choose bitcoin over gold in the long run. I admit that gold has existed on this planet since dawn but now, it is the era of technology, cyber stuff, and digital currency as well as encrypted information. Therefore, investing in bitcoin will give you a higher return with the advantageous fundamental for the future.

Sooner or later, bitcoin will replace gold. Physical asset is losing its predilection. Gold price still increases, eventually but it is nothing compared with bitcoin. Moreover, gold has no practical usage except being luxury jewelry

When it comes to volatility speed, as we can see bitcoin obviously moves up faster but then it can also move at the opposite in an instant depends on the whale movement, too.
 Comparing it in gold is most likely not appropriate as bitcoin is thrice volatile than gold.
 
 As for your question who dwindle fast?
 
 If it is for a short term basis of course we can see how fast bitcoin dwindle than gold  but if we are referring to a long term basis, we can't actually say who it is as gold also dwindle as years goes  by.

Mining difficulty and other metrics aside, DOGE has already been up like 20,000%+ in just a single year. A dump is pretty much almost guaranteed. The question is just 'when'.

As for BTC, I don't see a crash being out of the realm of possibility. I think it's still really likely for us to get a 30-50% correction at some point.

If there is a super crash it will not be BTC it will be DOGE

I value it at 3-5 cents based on mining ease and difficulty.

So sooner or later it needs to dump.

Pretty much. Liquidity aside, we're still in the mostly-retail-investor stage when talking about bitcoin and cryptocurrencies; and as we all know, inexperienced retail investors are going to be far far more affected by emotions compared to institutional investors that pretty much have been investing for decades already.

Yes this is pretty much true. I got so many people around me talking about bitcoin, dogecoin, crypto this and crypto that. They basically got tons of money invested and are not selling until it hits some crazy number like $5/doge or $1Million/btc.

However it can quickly shift and change when all of a sudden a bear markets starts and people start to panic. Everybody will want to get out at once and the liquidity might not be there and we can quickly go to the $30K or $20K or even lower.

I don't see this happening with Gold. Its much more liquid and wouldn't have this issue. Gold would be more difficult to dump than BTC which is easy to sell with your exchange.

When it comes which is more faster of course it would be bitcoin especially if we will base on long run position, unlike gold that has possibility to stuck the price for a long time and indeed it didn't pump the price a lot even we say it has potential to grow more constantly, "still not the same with bitcoin" wherein the demand and supply is getting higher day by day. So definitely no chance for it to win for long run in my personal opinion .. Because bitcoin will always win on the race.

Well if asteroid mining works out gold will be as common as copper.

And far better metal for power wires and or car batteries.

It would drop in value to under 100 usd a pound.

But who is to say that asteroid mining will work out.

https://www.mining.com/nasa-finds-rare-metal-asteroid-worth-more-than-global-economy


I simply won't make a guess to your question due to this asteroid find.

I'm guessing it probably didn't affect prices that much because:

1. Gold being mined or "found" are to be expected already since pretty much forever
2. Gold's liquidity is just too high to be significantly affected

As for bitcoin surviving a crisis, I'm still having mixed feelings. While betting on bitcoin when it comes to crises makes total sense, let's not forget that a lot of people holding bitcoin are just here to "get rich quick". They might just sell off immediately when bigger economic problems come.

If that is the case, then bitcoin is more scarce that gold as it has limited supply in the market. So chances are the price of bitcoin will go up in the future, while the price of gold might tank or also increases that much.

The thing with gold though, because its with us for centuries, it is battle tested, specially in wars. So far bitcoin hasn't seen the worst, but it did survived the covid-19 crisis so far.

Contrast, the gold found has to be compared to the amount of people in the world and the usage trend for gold.   Also no price is a singular thing, its a fraction in which the denominator is the currency so we must always consider the strength of dollar vs the price of the asset.   Gold is always going to be more slowly discovered and mined then dollars are produced, clearly its incredibly easy to produce more dollars and there is barely any restraint in doing so.   Gold is not produced on earth by any means but the real thing to consider is technology and energy usage has increased production so thats fair, supply is expanding and will continue to do so but that does not equate to a bearish price.  This applies to almost every commodity but not BTC, supply will increase to satiate demand even after all this gold is bullish on a decade view.

All of this relates to cryto in that its not enough for BTC to be limited and so we are bullish, its far more complicated and varying and so to gold.  Long term both BTC and gold are going to be far more limited then dollar availability but the real base measure for me is usage trend.    Also finally I would say the population growth on earth creates demand for any useful product and is giving a greater division to any supply so no figure can be considered in isolation.

Bitcoin increased upto 10 times in a year during the bull run period while Gold mostly had the stable price growth no matter of what is going on in the world so its not a comparable assets but still Bitcoin has the fastest growth rate compared to any other thing in the world.

No need to hesitate about both assets if you are thinking which will remain and become better in the long run. Both of them are the greatest assets that we have in our era.
There is no doubt about gold, it's going to continue and there is already a huge market and belief on it that it is one of the best precious metals. While for bitcoin, it is the best cryptocurrency. If you can have both of it much better but to me, I'll focus with bitcoin. Tech stocks/assets these days are the thing.

Really depends, if bitcoin continues its increase in prices then bitcoin will continue to become more important, by dwindling it will be bitcoin since it has a limited amount compared to gold which is virtually infinite if we add all the gold in the universe.

You can't compare bitcoin with gold because not only they are very different things but also they are in different eras. Gold has been around for centuries and the gold adoption (if we can call it that) happened about 2 centuries ago with Gold Rush.
Bitcoin on the other hand was invented about 12 years ago (practically an infant in comparison) and it still hasn't been adopted even a little bit let alone reach mass adoption.

So what the future holds for bitcoin is only rise in long run until its mass adoption but same thing can not be said about gold.

I'd say it depends on how long is your long run. If you are thinking of 10 years or 20 years or 30 years from now, Bitcoin has got the advantage, or so I think. Gold's value is not appreciating as fast as Bitcoin's. But if you are thinking of a couple hundred years, it is probably gold that will outlast Bitcoin.

Gold's value remains at a level where it is still considered precious. That's all throughout humanity's recorded history. I could therefore say that in terms of dwindling value, gold is almost unaffected. Bitcoin, on the other hand, is also precious. No doubt about it. But we have to accept that it is technology-based, and we all know how fast developing technologies are.

As I have search through the web I came across on this information that gold are being discovered up to date for over 244,000  metric tons and still counting look at this site..
https://www.usgs.gov/faqs/how-much-gold-has-been-found-world?qt-news_science_products=0#qt-news_science_products

So I am quite hesitant which will prevail in the distant future. Bitcoin on the other hand might survive any crisis since it harbours many investors around the globe and the demand on Bitcoin still punches through the roof.

If that kind gold is discovered why does the market still increase it's price over time.
Correct me or add some information I'll gladly accept any suggestions where would I prioritize investing in the long run.