Topic: Will you be in favor of Gold or Bitcoin !! - page 2. (Read 1699 times)
Gold has dominated the safe-haven asset space for hundreds of years, while Bitcoin, which launched just over a decade ago, has only gained widespread acceptance in recent years.I personally think that gold is a physical hard currency, and Bitcoin may become a virtual hard currency in the future.Gold is something that can be seen and touched, and can be circulated in reality and exchanged for prices.
Why compare gold and bitcoin? Both are valuable. Bitcoin is volatile as compared to gold but has seamless potential. On the other hand, gold also makes a good amount of money. I have invested in both.
Well OP, the good thing about Bitcoin has two functions as a currency and as an asset. Not really the most preferred thing because it was a risky investment and not yet globally accepted but as we talk about the future, that is really a big factor to consider and this is why people had left Gold and choose Bitcoin. Though I have both Gold and Bitcoin, as I compared them Bitcoin seems to be more profitable and I'd see the price is growing fast, unlike Gold which is pretty far. If you are very focused on earning money, Bitcoin is gonna be the best choice.
Gold is useless rock which really can not be used as a mean of exchange. Gold is something that was useful centuries ago, I don’t see any great future for it.
The price has barely moved for decades too, pointless waste of time.
I do not agree with your statement because until now from the beginning it was found until now gold is a precious stone whose value has never occurred inflation and can be considered an economically stable value.The price has barely moved for decades too, pointless waste of time.
before the existence of paper money, in the history of the world gold and silver were the medium of exchange and until now everyone wants to exchange with gold
Bitcoin on the other hand is the best performing asset of the last decade. Make your decision wisely.
in fact bitcoin until now still can't work as a P2P transaction tool that can be used by all people of the world as satoshi's initial goal of creating bitcoin, most of them are interested in bitcoin until now because of its value which has high votalitas and hope to get rich quickly, but I hope this impression is no longer the goal of many people to join bitcoini have to agree with you here. up until now, gold is considered to be a vital one in the market, not only for investments but a vital component in industries like electronics, jewelry, medical, automative and many others. so just ask yourself, can bitcoin be used in those industries as a component? nope. also, just look at the electronics and your mining equipment, for sure, gold is one of the important parts of these gadgets. so saying that gold is a useless rock, i absolutely do not agree with this statement.
If am to chose between Bitcoin and gold, I will consider Bitcoin over gold. There are yet lots of gold to be discovered in this world but Bitcoin is rear and more easy to carry about securely stored in your mobile wallet. The crypto market has two side which is bear and bull season. Bitcoin will gain more hight in future.
Everlasting arguement: Bitcoin & Gold: Which one is better? Gold is one of the more rare metals. Bitcoin is rare compared to other cryptocurrencies, and gold is rare compared to other metals. They are both rare in their respective categories. But which one is better depends upon your risk tolerance, investing strategy, how much capital you have to use, and how much you can tolerate losing. Bitcoin is much more volatile than gold, making it a riskier investment than gold. And it depends on your invest goal, long-term or short-term.
https://xtrading.com/analysis/futures-analysis/gold-price-august-8-2022-non-farm-payrolls-doubled-as-expected-in-july-gold-prices-face-the-risk-of-falling/
https://xtrading.com/analysis/futures-analysis/gold-price-august-8-2022-non-farm-payrolls-doubled-as-expected-in-july-gold-prices-face-the-risk-of-falling/
Will Only have one stand and that is a full support for Bitcoin , I am here because I trust this currency and trust this for My family's future.
i am for Gold but just a small part , maybe for safe keeping at least I am ready to what will ever happen in the future as we dont know what this would be.
If we are too practical, the choice of Bitcoin for an investment is a smart choice over Gold. I don't discredit the credibility of Gold but it was to see that Bitcoin is more profitable whether in the short-term or long-term, unlike Gold where we need to wait several years in order to see its value will grow. Like if you are an impatient person, this makes you not wait that long and just sell them earning only a small percent. i am for Gold but just a small part , maybe for safe keeping at least I am ready to what will ever happen in the future as we dont know what this would be.
Bitcoin can be transacted with globally without the trust of a third party or the approval of governments in a matter of minutes. Even though the max number of daily transactions is limited it's far better than gold. Also the Uganda gold deposit proves that the vast computing power needed to mine bitcoin and make a living doing it, and maximum the supply of bitcoin is an indicator bitcoin is more scarce and it can be more useful than gold as a store of value and a monetary medium of exchange.
Gold is useless rock which really can not be used as a mean of exchange. Gold is something that was useful centuries ago, I don’t see any great future for it.
The price has barely moved for decades too, pointless waste of time.
I do not agree with your statement because until now from the beginning it was found until now gold is a precious stone whose value has never occurred inflation and can be considered an economically stable value.The price has barely moved for decades too, pointless waste of time.
before the existence of paper money, in the history of the world gold and silver were the medium of exchange and until now everyone wants to exchange with gold
Bitcoin on the other hand is the best performing asset of the last decade. Make your decision wisely.
in fact bitcoin until now still can't work as a P2P transaction tool that can be used by all people of the world as satoshi's initial goal of creating bitcoin, most of them are interested in bitcoin until now because of its value which has high votalitas and hope to get rich quickly, but I hope this impression is no longer the goal of many people to join bitcoin 
Gold is useless rock which really can not be used as a mean of exchange. Gold is something that was useful centuries ago, I don’t see any great future for it.
The price has barely moved for decades too, pointless waste of time.
Bitcoin on the other hand is the best performing asset of the last decade. Make your decision wisely.
Just because innovative technology have made a big change in the market, you should not term hold to be a valueless rock. For centuries we've been used to the gold standard, and a next level of growth is the technology oriented bitcoin. Even now gold isn't scarcely available as most other metals, which makes it valuable. The price has barely moved for decades too, pointless waste of time.
Bitcoin on the other hand is the best performing asset of the last decade. Make your decision wisely.
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.
That is why the price of Bitcoin can be very low and also can be very high sooner.
What about myself? I love both Bitcoin and also gold, no offense but these are all my investments.
I save my money on Bitcoin and also some money in gold. If we can do both, why not? Investing in gold doesn't mean that we are not loyal to Bitcoin, right? As long as we have the awareness, capital and money management, this will be okay right?
Gold is useless rock which really can not be used as a mean of exchange. Gold is something that was useful centuries ago, I don’t see any great future for it.
The price has barely moved for decades too, pointless waste of time.
Bitcoin on the other hand is the best performing asset of the last decade. Make your decision wisely.
The price has barely moved for decades too, pointless waste of time.
Bitcoin on the other hand is the best performing asset of the last decade. Make your decision wisely.
It is understandable, parents are usually old, not when they have a little baby, but when they have an adult who are making their own investment decisions, by that age we are talking about something much better. However, we are talking about something that could go a lot better if we know what we are doing, which is the fact that we could end up with people who are 60+ years old.
Even we could be closed to discussion about some stuff in our lives, and when people are 60+ years old, they do not really want to open themselves up to crypto and what it means, they do not care about it, they already lived most of their life and they just want to retire in peace.
Even we could be closed to discussion about some stuff in our lives, and when people are 60+ years old, they do not really want to open themselves up to crypto and what it means, they do not care about it, they already lived most of their life and they just want to retire in peace.
By this age, already need to live from investments earned over a lifetime, and don't try to study something new, and rather risky, like a crypt. In old age, you want peace but not worries about your investments, although if you have capital, then in one way or another you will still need to deal with them so that it works and generates income. Just buying gold and storing it is also not the best option, what's the point of keeping it and never using it? )
I think both gold jewelry and bitcoin have value, but gold can continue to be mined and bitcoin is scarce, gold is much easier than bitcoin cash.
Bitcoin's market is limited, gold is easier to obtain, I don't think the two can be compared.
Bitcoin's market is limited, gold is easier to obtain, I don't think the two can be compared.
Will Only have one stand and that is a full support for Bitcoin , I am here because I trust this currency and trust this for My family's future.
i am for Gold but just a small part , maybe for safe keeping at least I am ready to what will ever happen in the future as we dont know what this would be.
i am for Gold but just a small part , maybe for safe keeping at least I am ready to what will ever happen in the future as we dont know what this would be.
will always be for Bitcoin , but will not deny the chance ? of buying Gold also for keep safe and in case there is a big or some issues that will happen in the future.
I can’t compare these two. I have my money in both of them and it seems that they are good for long term trading rather than short term gains. I have a bigger picture in mind and I am not really much influenced by whatever is happening in the market at the moment.
practicality mate , and that is how we can take our funds being safer lol.Some people are valued gold currency because gold is a digital currency before the existence of Bitcoin as a cryptocurrency so right now many people have queue up to invest into cryptocurrency such as bitcoin and other related coins knowing that it is an asset because the investment of cryptocurrency values to the society because it is not an asset that is why people like to invest into digital than manual businesses
Sorry but I never heard something about Gold as a Digital currency , as far as I know that this is a Physical form of currency in the early ages ? Bitcoins are more valuable to me than gold, whereas my parents would pick Gold over bitcoins. I think it's mostly a generation thing, for us today is bitcoins what was gold for our parents and grandparents back in the day. The volatility is what put some people off crypto currencies, but that is just part of the price finding process. Crypto currencies are still fairly new and need to find their place in the world. Eventually bitcoins and other coins will be more stable. And as long as you don't sell you didn't lose anything. In a few years the prices will be much higher again and gold will look poorly compared to bitcoins. Also how could I store large amounts of gold securely? At home no way, at bank also no way. Banks already have to much influence into our life.
It is understandable, parents are usually old, not when they have a little baby, but when they have an adult who are making their own investment decisions, by that age we are talking about something much better. However, we are talking about something that could go a lot better if we know what we are doing, which is the fact that we could end up with people who are 60+ years old.Even we could be closed to discussion about some stuff in our lives, and when people are 60+ years old, they do not really want to open themselves up to crypto and what it means, they do not care about it, they already lived most of their life and they just want to retire in peace.
Some people are valued gold currency because gold is a digital currency before the existence of Bitcoin
What are you talking about? since when that gold as DIGITAL CURRENCY? where did you get this information ? how can you use Gold in digital way?Quote
as a cryptocurrency so right now many people have queue up to invest into cryptocurrency such as bitcoin and other related coins knowing that it is an asset because the investment of cryptocurrency values to the society because it is not an asset that is why people like to invest into digital than manual businesses
Sorry , but does anyone here really understand what this post means? I am trying to dig deeper but yet? there is nothing I can find but nonsense .
We can't deny the fact that the gold don't depreciate and as time goes by only limited resources of golds are in the hands of government and people. But investing in bitcoin is also aiming for appreciate even though it has downfall sometimes but time will always come for an profited effort. Investing gold requires only a general knowledge and minimal studies while investing crypto requires a lot of comprehension and studying the market for you to gain extra money from that.
Some people are valued gold currency because gold is a digital currency before the existence of Bitcoin
What are you talking about? since when that gold as DIGITAL CURRENCY? where did you get this information ? how can you use Gold in digital way?Quote
as a cryptocurrency so right now many people have queue up to invest into cryptocurrency such as bitcoin and other related coins knowing that it is an asset because the investment of cryptocurrency values to the society because it is not an asset that is why people like to invest into digital than manual businesses
Sorry , but does anyone here really understand what this post means? I am trying to dig deeper but yet? there is nothing I can find but nonsense .
I can’t compare these two. I have my money in both of them and it seems that they are good for long term trading rather than short term gains. I have a bigger picture in mind and I am not really much influenced by whatever is happening in the market at the moment.
Why you can't compare them? Tell me, are you afraid to know their con's? and maybe after knowing it, that will discourage you to put your money on one of them. Fine if that is what you want. Owning the two still have a benefit since both of their value are known to grow over time.It's okay to not care of the news or what is happening around because the coin that you hold are not those new coins which needs a lot of supervision, not only because their value can drop or they can turn into a scam later on but also because they can do some updates or migration which requires hodlers do some action to obtain the new version of the coin.
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