Will you be in favor of Gold or Bitcoin !!

Myleschetty

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Quote from: Detritus on September 02, 2022, 04:28:41 PM

I know gold has more usability features than Bitcoin but without minding that, Bitcoin is not to be compare with gold.

Yes, Bitcoin and Gold shouldn't be compared because they serve different purposes but it is the curiosity of some investors that lead to this comparison.

Quote from: Detritus on September 02, 2022, 04:28:41 PM

I will definitely be on the wining side if Bitcoin price is pumping because I have 60% of my investment in Bitcoin, am still safe if the market for gold is booming because I still have 40% asset on gold investment. There is no rules like, if you want to be rich, invest in Bitcoin, if you want to be richer, only invest in Bitcoin, if you want to be a billionaire, invest more in Bitcoin. Split assets over other areas of investment like gold. For me, I have the both so am definitely going to be in favor of both.

Winning or not, with the potential and the opportunity Bitcoin always presented. I must be crazy if i don't go for Bitcoin always no matter the market trends.

Detritus

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I know gold has more usability features than Bitcoin but without minding that, Bitcoin is not to be compare with gold. I will definitely be on the wining side if Bitcoin price is pumping because I have 60% of my investment in Bitcoin, am still safe if the market for gold is booming because I still have 40% asset on gold investment.
There is no rules like, if you want to be rich, invest in Bitcoin, if you want to be richer, only invest in Bitcoin, if you want to be a billionaire, invest more in Bitcoin. Split assets over other areas of investment like gold. For me, I have the both so am definitely going to be in favor of both.

Raflesia

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_""""Duelbits""""_

Quote from: Ziskinberg on August 27, 2022, 06:38:12 PM

Quote from: Raflesia on August 27, 2022, 05:34:49 PM

There are advantages and disadvantages of each which makes this a fifty-fifty and it all depends on the perspective and courage of each person.
Both are indeed very good but gold is more profitable if it is talking about Risk. But in terms of value advantages, I think bitcoin is still better than anything but we must also be aware that the risk is also quite large in this case.

For some reason, people had chosen Bitcoin over Gold because of its high earning yield. However, the risk of investing in Bitcoin is too high which is not the most preferred for not risk-takers so decided to take Gold as an option. But above all, it doesn't matter if we choose Gold or Bitcoin but is the most important is that we invest something for the future and we choose the investment that really fits us and we certainly know what we are doing. Because many people choose Bitcoin and lose because of a lack of knowledge.

As I said before, this depends on each other's choices regardless of what they are still one that is indeed very good for investment and is very liked by its fans depending on what they want.
Apart from the actual risk, this is something that cannot be avoided because it is clear that when we want something big, we must be prepared to face a bigger risk.

wahyuagung26

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Quote from: darkangel11 on August 26, 2022, 04:28:26 PM

I'd choose bitcoin over gold if I had to unless it would be physical gold. This one is trending up and can achieve much higher price than the gold index would suggest. I'd think about it if someone offered me 100% legit, pure physical gold. If we are comparing bitcoin and gold in the form of gold stock there's nothing to talk about.

Of course the people here will have the same thoughts as you, and they will prefer Bitcoin over Gold, and myself included in this. Even if it is measured in terms of the advantages of Bitcoin, it wins more than Gold.

It's simple, if you compare Gold and Bitcoin, what you have to consider is from which point of view, if the investment is both very suitable for investing and both have very good features.
But still I am more in favor of Bitcoin myself, and probably many others have the same thoughts.

Xampeuu

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Quote from: 8rch7 on August 27, 2022, 09:54:00 PM

Quote from: AjithBtc on August 27, 2022, 06:47:15 PM

Gold
It is trusted by everyone and gives the easy access and considered as collateral.
The value of gold won't be that volatile, and it has evolved through different standards and usage.

Bitcoin
It is dependent on technology and the world is towards it. It is against the system of inflation and third party involvement.
The market is highly volatile and have reached big out of the demand to supply approach.

On the whole I've got two reasons on each to support. My region is not much user friendly to cryptocurrency. So, gold will be my choice for local needs and for long term investment purpose I prefer bitcoin.

Totally agree with what you say, most likely almost everyone where I live they prefer gold for them to make their assets and jewelry, because there is no significant risk when we hold gold, where I live almost all women use gold if they already have money, only gold is the purpose of their purchase, but personally I am not too interested in buying gold, honestly I am interested in investing in bitcoin, even though I know the risk is too high but I still invest in bitcoin in the long term.

Bitcoin users are still minimal around us, and gold has become familiar to everyone as jewelry and a tool to save money, at least there is a physical that can be seen, and easy to sell anywhere. this will be different from bitcoin which is a new and popular product in recent years, so understand that few people know it, judging from its fluctuations, I think bitcoin is very profitable in the long term. whatever the choice, I think it depends on the needs of each person to choose both, because they have their own characteristics

autumnleaf

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Personally, I think that gold is superior. Since it may be used as a source of money and as priceless jewelry, it is extremely precious. Because of how uncommon it is, the price will continue to rise.

8rch7

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Quote from: AjithBtc on August 27, 2022, 06:47:15 PM

Gold
It is trusted by everyone and gives the easy access and considered as collateral.
The value of gold won't be that volatile, and it has evolved through different standards and usage.

Bitcoin
It is dependent on technology and the world is towards it. It is against the system of inflation and third party involvement.
The market is highly volatile and have reached big out of the demand to supply approach.

On the whole I've got two reasons on each to support. My region is not much user friendly to cryptocurrency. So, gold will be my choice for local needs and for long term investment purpose I prefer bitcoin.

Totally agree with what you say, most likely almost everyone where I live they prefer gold for them to make their assets and jewelry, because there is no significant risk when we hold gold, where I live almost all women use gold if they already have money, only gold is the purpose of their purchase, but personally I am not too interested in buying gold, honestly I am interested in investing in bitcoin, even though I know the risk is too high but I still invest in bitcoin in the long term.

AjithBtc

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Gold
It is trusted by everyone and gives the easy access and considered as collateral.
The value of gold won't be that volatile, and it has evolved through different standards and usage.

Bitcoin
It is dependent on technology and the world is towards it. It is against the system of inflation and third party involvement.
The market is highly volatile and have reached big out of the demand to supply approach.

On the whole I've got two reasons on each to support. My region is not much user friendly to cryptocurrency. So, gold will be my choice for local needs and for long term investment purpose I prefer bitcoin.

Ziskinberg

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Quote from: Raflesia on August 27, 2022, 05:34:49 PM

Quote from: Markinzo on August 27, 2022, 01:55:09 AM

Irrespective of certain similarities between these two functions I particularly think they both serve significant purposes that makes them special based on their different value and usage.

In all times I'll go for gold, in that, it has been an assset over generations untold before even Bitcoin was established and still it has never crashed or lost it value to man.

There are advantages and disadvantages of each which makes this a fifty-fifty and it all depends on the perspective and courage of each person.
Both are indeed very good but gold is more profitable if it is talking about Risk. But in terms of value advantages, I think bitcoin is still better than anything but we must also be aware that the risk is also quite large in this case.

For some reason, people had chosen Bitcoin over Gold because of its high earning yield. However, the risk of investing in Bitcoin is too high which is not the most preferred for not risk-takers so decided to take Gold as an option. But above all, it doesn't matter if we choose Gold or Bitcoin but is the most important is that we invest something for the future and we choose the investment that really fits us and we certainly know what we are doing. Because many people choose Bitcoin and lose because of a lack of knowledge.

Raflesia

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_""""Duelbits""""_

Quote from: Markinzo on August 27, 2022, 01:55:09 AM

Irrespective of certain similarities between these two functions I particularly think they both serve significant purposes that makes them special based on their different value and usage.

In all times I'll go for gold, in that, it has been an assset over generations untold before even Bitcoin was established and still it has never crashed or lost it value to man.

There are advantages and disadvantages of each which makes this a fifty-fifty and it all depends on the perspective and courage of each person.
Both are indeed very good but gold is more profitable if it is talking about Risk. But in terms of value advantages, I think bitcoin is still better than anything but we must also be aware that the risk is also quite large in this case.

hZti

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Magic

It is possible that there is a whole lot of gold being discovered somewhere in there world like right now in Uganda. Still there is also in Bitcoin the 1 Million bitcoins that people think that satoshi owns for example. We can not know if those coins actually will be moved and sold at some point, which will also create a deflation.

krishnaverma

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Quote from: Smack That Ace on June 30, 2022, 11:31:39 PM

Deutsche Bank, one of the largest private banks in Germany, predicts Bitcoin will return to $28k by the end of the year.
Interesting is that they rate Bitcoin as more valuable than Gold, they compare Bitcoin as rare as Diamond. Grin

https://www.bloomberg.com/news/articles/2022-06-29/deutsche-bank-says-bitcoin-could-reach-28-000-by-year-end

Personally, I think both Gold and Diamonds will not be comparable to Bitcoin.
Gold is still abundant on earth that humans have not yet exploited,
You know, Diamonds are something that we can make if we want more, Bitcoin is not, there is a limited 21 million Bitcoins and then no one will be able to generate more than one new BTC.

The Republic of Uganda, is a country located on the African continent.
On June 8, 2022, Uganda said it had discovered 31 million tons of gold ore, which could generate 320,158 tons of gold, more than the current total gold in the world is 201,296. Tongue

This is only one-way information from Uganda and has not been recognized by the world gold council, but it shows that it is difficult to know exactly how much gold is in the world, there may be a lot more out there. Regarding Bitcoin, no one can deny that there is only 21 million BTC.

https://news.bitcoin.com/uganda-claims-exploration-surveys-discovered-31-million-metric-tons-of-gold

Good luck

Duke

Both gold and bitcoin have their own merits and demerits.

Merits of gold
1) It is traditionally trusted by lot of people.
2) Very easy to exchange, buy and sell.
3) Has proved its growth for longer time.

Demerits of Gold
1) Very risky to carry or store.
2) If you store as ornaments , lot of making and other charges.

Merits of Bitcoin
1) Can be stored and traded electronically.
2) Higher rate of returns.
3) Accepted by many reputed platforms in place of cash

Demerits of bitcoin
1)Lot of fluctuations in price.

Overall , I prefer crypto over gold.

Mauser

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Quote from: goldkingcoiner on August 10, 2022, 02:31:40 PM

Since the new explorations have uncovered so much gold, that gold will enter circulation and cause a gold inflation. So obviously the price of Gold will go down and its steady but slow rise will not justify investing into gold this year. Not for me, at least.

The USA has waged wars to stop other countries getting richer with their own dug-up gold because the Dollar used to be based on gold and now its based on nothing. So much for that.

Obviously I am not in favor of gold. Bitcoin is king!

1BTC=1BTC

I fully agree with you, there is no real guarantee that gold is going to keep its value long term. The value of gold has been so high for many years now because older generation view it as the only save solution to store value. Eventually these old investors are going to disappear and I am sure their children and grand children will not keep holding all that gold. Eventually all these gold investments are going to be sold and the price will drop. Bitcoin is a much better investment in my opinion. You don't have to worry about storing the gold at home or in a bank vault, or go for synthetic gold which is only guaranteed by the good name of a bank. For me it's all about diversifying my assets and not hold everything I own in one bank. Banks today are bigger than they were in 2008 and if there is another big financial crisis it will hit the average investor the most. Bitcoin is the perfect tool to avoid being dependent on the financial system. I will always choose bitcoins over gold.

Markinzo

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Irrespective of certain similarities between these two functions I particularly think they both serve significant purposes that makes them special based on their different value and usage.

In all times I'll go for gold, in that, it has been an assset over generations untold before even Bitcoin was established and still it has never crashed or lost it value to man.

darkangel11

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I'd choose bitcoin over gold if I had to unless it would be physical gold. This one is trending up and can achieve much higher price than the gold index would suggest. I'd think about it if someone offered me 100% legit, pure physical gold. If we are comparing bitcoin and gold in the form of gold stock there's nothing to talk about.

Quote from: Artem Sereda on August 26, 2022, 05:27:50 AM

Well, gold is a more crisis-resistant asset, the price of gold is holding up, but what about the price of bitcoin? I think it’s not worth reminding about this pain) In any case, bitcoin is more interesting in development and opportunities. It seems to me that this is precisely why he is so highly valued - precisely because of the promising ways of rewarding!

Are you sure about that? I don't think you've checked the price of gold in the last couple months. It's in a downtrend like everything else, but fiat currencies that are being artificially pumped by central banks.

XZERO1

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If only you could send physical Gold to another part of the world with a press of a button, right?

I'd say they're close enough in terms of being future proof even though it doesn't look like that at first glance as Gold is this old traditional asset that can't even be transferred easily without making it partly a digital asset and tying it into this centralized/decentralized other company that you should put your trust in.

My reason for thinking they're both very close in being a good long-term investment is this>> because if we're thinking far in the future there could also be a day that world is in such a condition there's barely any internet accessible in the world and that's when Physical Gold that previously was not very practical to use in a technology centered world becomes handy again and could very well turn into money and an asset that people trade using it just as it was used in the old days.

Artem Sereda

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Well, gold is a more crisis-resistant asset, the price of gold is holding up, but what about the price of bitcoin? I think it’s not worth reminding about this pain) In any case, bitcoin is more interesting in development and opportunities. It seems to me that this is precisely why he is so highly valued - precisely because of the promising ways of rewarding!

stomachgrowls

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Quote from: goldkingcoiner on August 10, 2022, 02:31:40 PM

Since the new explorations have uncovered so much gold, that gold will enter circulation and cause a gold inflation. So obviously the price of Gold will go down and its steady but slow rise will not justify investing into gold this year. Not for me, at least.

The USA has waged wars to stop other countries getting richer with their own dug-up gold because the Dollar used to be based on gold and now its based on nothing. So much for that.

Obviously I am not in favor of gold. Bitcoin is king!

1BTC=1BTC

Well, we do have our own views and opinions but considering gold is one of the most precious metal and resource that we do have in earth and its value all over the years then there's no doubt that still

able to sit in one of the most valuable asset which you could really store on although even or despite out of those discoveries and explorations but it would really be still scarce and i dont know
on why they are really that a fan on comparing a natural mineral to a digital asset.

Why wont really just simply make out investment on both if you do have the money?

goldkingcoiner

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Since the new explorations have uncovered so much gold, that gold will enter circulation and cause a gold inflation. So obviously the price of Gold will go down and its steady but slow rise will not justify investing into gold this year. Not for me, at least.

The USA has waged wars to stop other countries getting richer with their own dug-up gold because the Dollar used to be based on gold and now its based on nothing. So much for that.

Obviously I am not in favor of gold. Bitcoin is king!

1BTC=1BTC

harapan

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Personally, I would try not to choose between having gold bricks and having bitcoin. Both are no doubt very valuable and will probably still be valuable in the next 20 years. But I think it’s noteworthy that gold is a natural resource that is deposited in lots of places and can be mined and found. Whereas, bitcoin isn’t a natural resource and has a definite number out there. I think that alone makes bitcoin more valuable. The fact that there’s a definite number of bitcoin out there should make it more valuable than gold in the long run.

Topic: Will you be in favor of Gold or Bitcoin !! (Read 1705 times)