Topic: Will you be in favor of Gold or Bitcoin !! - page 5. (Read 1701 times)

You're right, there are advantages and disadvantages to every investment. But if you've started investing in bitcoin then you're more familiar with risk and volatility for which any investment you do is easier than it. You're already accustomed to the high risk that you've taken for bitcoin and if you've got more money to spread in other assets, choosing gold is a good option don't limit yourself to just these assets because if you discover the other assets, you'll like to invest also into them to increase your portfolio.

Agreed, everything have got its pro and cons. Myself give importance to bitcoin more than gold as an investment. This is because of the growth it has attained in a short time period. When it comes to gold the preference is based on the usage access. As bitcoin isn't widely accepted I find gold to be settled as a collateral for loan requirements.

Nowadays there are services provided in exchange of bitcoin as collateral, but I find this to be risky even when it is done through trusted platforms.

They both have their pros and cons and the answer to the OP's question is clear - it is a personal choice, an apples and oranges comparison.

I would buy gold when its price goes down and I usually dont sell it because it is something I keep for the long term and will be passing on to my next of kin. Bitcoin is something I buy again when its price is low and sell it regularly when the price goes up so I can recycle the money and use it to buy again, this is apart from the portion of bitcoin I have kept for long term.

Gold is more of an aristocrat in my portfolio while bitcoin is a daily horse just like fiat is.

Well, first of all, I will like to clear the fact that if for any reason I chose to one asset over the other does not make the other any less better, it all boils down to individual choices. Now, both Bitcoin and gold are relatively easy to purchase and sell off, especially since there are ready markets for both. But gold has the more edge over Bitcoin because of more established ways of trading it. But why I would always chose Bitcoin is because of the volatility of the asset irrespective of the fact that gold holds more value over a longer period.

This is the volatility I am referring to in my own way, gold is actually an asset that can hold value over a longer time but practically, if you invest $100 into these assets each, you find out that Bitcoin is bent to perform way better and fetch more profits than gold would with the same amount of money invested.

Then again, for an asset with limited supply, there truly has to be something about that assets which distinguishes it from any other if it’s calibre.

Yeah I am with you. I have never been a fan of the whole bitcoin or gold or bitcoin vs gold argument or comparison since day 1. They are two entirely different things and really aren’t all that comparable. One is a precious metal used for machines, electronics, jewelry etc and the other is a digital currency.

I will support both. Because I have both. Maybe the world government has recognized gold and used it as foreign exchange reserves in big countries. Officially gold can be exchanged easily without being limited by place and time. For bitcoin, indeed some countries have recognized it as an asset, but not all and many still prohibit it. Directly the crypto movement is still limited. Although the value of bitcoin increased more greatly than Gold, and became the most profitable investment tool. But that instability puts crypto at greater risk of loss if it can't perform asset management.

I agree with you. I think we don't need to disqualify one to uprise another. Both are very useful and reputable assets, although they can't be compared, because they have very different natures, concepts, usages and characteristics which have been heavily discussed on this forum along the years. On the other hand, they are very similar in few aspects: both are rare, valuable and will remain like this for a long time yet, so smart are the investors and enthusiasts who go for gold and bitcoin enjoying all their benefits and features. In bitcoin's case it's more about the convenience ir proportionates, while gold offers aesthetics, prettiness and charm.

Bitcoin is just a superior form of gold.

And gold isn't even that great to begin with.

For example, Norway, a rich country, doesn't even have gold reserves. This is one of the reasons why, from the Norwegian Central Bank:


Gold is not really scarce at all.

Here's the world production of gold per year: https://ourworldindata.org/grapher/gold-production

With a small supply, Bitcoin will become a scarce item in the future, in contrast to gold which in the future will have no value because the supply of gold will be spewed from the earth and fill the pockets of every human being while the supply of Bitcoin in circulation is 19 million and the available supply is 21 million so there are still 2 million in miners and owned by people all over the world so Bitcoin rare rate is very high.

I like both. Gold has its physical uses and bitcoin is much more secure and easy to verify. You don't need a bag to carry bitcoin around and you don't need scales to be able to verify its real value.
On the other hand, you won't make pretty jewelry out of bitcoin and you won't get a good electrical connection with it. Gold lovers will have their points and bitcoin lovers will have theirs. To each their own.

Well, that's your choice and I understand your opinion. But why choose if we can buy both gold and bitcoin, right? Actually, there's no need for comparison as bitcoin and gold is two different things and have different purpose but they are both the same when it comes to investment.

Bitcoin is more handy but it's volatile while gold is hard to move especially if we decide to fly it across the globe but its price is not that volatile, so both of them has its own pros and cons. It's actually our decision which of these two suits us the most and make us confident enough.

According to me it’s their personal comment, and no point of discussing negativity about it.
I mean I also agree that for me Bitcoins are more valuable than Gold.
Not for me but also for many young and new generations, Bitcoins seems to be like more valuable and interesting then gold.
This is because of more features that we can get from Bitcoins, and not from Gold. Bitcoins are cannot be controlled by government whereas Golds are regulated by the government and they impose laws on it.
For this reason I choose Bitcoins and for me Bitcoins are more valuable.

Right because being addicted on to something else is bad or dangerous even if we say it was bitcoins but I don't think being addicted is a kind of emotion although it's also correct that one must not be emotional when dealing with his investments.

I know what gold is but I haven't tried investing on it and won't ever attempt to because I am already contented with what bitcoin and other cryptos has to offer. Sure thing that they are more volatile so they are riskier but that's okay because the reward that I will be getting here is also much higher. 28k usd is a nice value according to what is featured by the op but I expect more than that, the more we advance on this year.

I suppose people started regarding Bitcoin as a digital gold long back. After this statement by Deutsche Bank it is now more clear about the potential that bitcoin it holds.

WOw a Bank rating crypto as more valuable than Gold? Wondering what would be the reason behind this aside from Banks nowadays are supporting crypto more than physical assets .

I love seeing threads like this because it always brings positive effect to the whole market or at least in bitcoin supporters.
Please continue this posting for the support and progress of the crypto market.

Seeing which one is superior to one another, namely between bitcoin and gold, then I don't think I can see which one is superior when judged from the aspects and characteristics as well as the advantages and disadvantages of each. because in the physical world, gold is considered valuable. Besides being used as jewelry, it also has many uses, both in the medical field to architecture and technology. However it is in the physical world or objects that can be touched. and different again with the virtual world or the internet. then on the internet we will appreciate bitcoin much more. because transacting on the internet is much easier with bitcoin. with no distance limits even though different countries and it is valid 24 hours. But there is one interesting characteristic of both. i.e. gold is collected by way of mining in the depths of the earth or the ground by tracing gold veins or by means of a gold detector. And bitcoin is also mined though in a different way. but the terms are almost the same. that's what gets interesting. so bitcoin and gold are like being kings in their respective worlds. so in conclusion I consider both valuable in their respective places. However, everyone has their own perception because this is related to judgment. and the assessment of each person is different according to the capacity of knowledge and experience of each.

He is right we are addicted in a good way you know both gold and crypto especially bitcoin is volatile but bitcoin is highly volatile if you learn trade or at least you know what you doing we can still make a lot of profit in a day rather than traditional gold

Both, because they are both profitable and both have their own advantages and disadvantages.
Bitcoin Fluctuations in price are very extreme both high and low, and Bitcoin is said to be a Digital Asset Investment
And vice versa with Gold. Gold is stable in value and can be said to be a Save Haven asset, and I keep both of these assets.

If I have the capability of investing into all of them, I'll do it. But the reality for me is that, I'm only for bitcoin and a few alts that I'm good of disposing money.
I saw that news about Uganda that they've discovered huge amount of gold deposits ready to be explored. My worry for that country is that, it's possible that their citizens won't benefit from it if they allow a foreign explorer and company to dig it up.

It's not right to compare bitcoin to gold or even other things that is on the same page. They do have different uses and purpose that's why they aren't comparable. Bitcoin have such volatility more than others and gold isn't that much volatile. I'll most likely use gold for "stability" or for saving purposes and bitcoin for it's utility and profit making since it's more volatile. Much more, I only have bitcoin now and doesn't have gold. So you know my motive.