Will you be in favor of Gold or Bitcoin !! - page 7.

OgNasty

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Quote from: Smack That Ace on June 30, 2022, 10:31:39 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

I'm not sure if liking Bitcoin to diamonds is a good thing or not. Diamonds were for a long time controlled by cartels and while their mining might be a bit more decentralized these days, the diamond cartel still has strong influence over the industry. I've heard people say that diamonds would be nearly worthless if the market was flooded with them and while I don't know how true that is, the idea that diamonds are plentiful but held in the hands of few to make them more valuable when sold should be troubling to anyone trying to bring adoption to Bitcoin. I've been saying it for a while that Bitcoin has been hijacked by Wall Street and it's valuation pumped in order to bring them more management fees. That is starting to sound a lot like the diamond market...

ChrisPop

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Quote from: dansus021 on July 02, 2022, 04:28:19 AM

Both bitcoin and gold are good for investment and both are volatile too, I would consider buying both of them rather than only one Grin

but bitcoin is crazy stuff that really make addicted rather than traditional gold.

If it makes you addictive you should take a step back and reassess your investment strategy. Emotions do not have a place in the investing game. Be objective when analysing investment opportunities and when designing your strategy.

justdimin

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Quote from: Darker45 on July 01, 2022, 05:12:25 AM

It's hard to just favor one and completely disregard the other. If I were to choose, I'd choose both. But suffice it to say that I'm not investing in gold right now. It's just that while there is indeed abundant gold in this world and even outside, I don't think it will lose its value in the next hundred years.

Anyway, I agree that Bitcoin isn't really comparable to both gold and diamond. In the case of both, I believe the earth won't be running out of supply even in the next centuries. With Bitcoin, everything's fixed. And it will run out at some point.

I agree with you to a point but the fact that we both do not invest into gold, and do invest into bitcoin proves that even though in logic we feel like they are both nice, we still prefer bitcoin over gold. I cannot really say this with certain idea, I mean maybe we do not but it feels that way to be fair.

I do it, I invest into bitcoin and not into gold and feel like they are equals in my mind, but if they are so equals then why am I not in 50% gold and 50% crypto? This feels like a proof that our generation prefers to be more digital and the idea of a physical gold being valuable doesn't really come to us as a reasonable approach as much, and digital gold doesn't feel trustworthy.

dansus021

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Both bitcoin and gold are good for investment and both are volatile too, I would consider buying both of them rather than only one Grin

but bitcoin is crazy stuff that really make addicted rather than traditional gold.

Quote from: Ojengonggu on July 02, 2022, 12:40:30 AM

I will continue to support both even though the price movements are very much different.
So when the price of bitcoin is uncertain as it is now, I temporarily switched to buying gold whose risk of decline was not as far as the price of bitcoin but I never left bitcoin, it's just that I chose a more affordable and safe place.

and this I think is also good choice.

Ojengonggu

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I will continue to support both even though the price movements are very much different.
So when the price of bitcoin is uncertain as it is now, I temporarily switched to buying gold whose risk of decline was not as far as the price of bitcoin but I never left bitcoin, it's just that I chose a more affordable and safe place.

BlackBaron

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Quote from: Smack That Ace on June 30, 2022, 10:31:39 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

There are two choices I can make to choose between gold and Bitcoin.
1. In real world investing, everyday life, I believe more in gold as an element of investment choice.
2. Because we are here demanded by the state of technology and crypto, one of the digital money that is trusted by many people, of course I will choose Bitcoin in the affairs of the online world.

I chose the two elements, just different methods and ways to do it.

worle1bm

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Quote from: Franctoshi on July 01, 2022, 07:05:54 AM

1•Bitcoin has a limited supply of 21M, not taking into account those wallets that the owners lost their keys and the ones to be lost too, which means only 21M BTC will ever be in existence. .
While the mining of Gold is continuous no one really knows the exact amount of Gold to be in circulation or existence.

The supply is limited to 21 Million and it will take another century to fully mine last bitcoin as next halving the rewards are going to be halfed at 3.125BTC but as you said there are some lost coins as owners have lost their keys and seeds or wrongly sent to some address so there will be never 21 Million coins in circulation in the market which makes it more valuable.Supply of 21 Million can't be increased and there are lost coin as well so it's shrinking.

yhiaali3

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Of course, I am in favor of Bitcoin, gold is the oldest precious currency in the world since ancient times and people extract gold and until now and no one knows the amount of gold in the world already in the world, so more can be extracted so far as it is found in the graves of ancient civilizations so far, therefore We cannot exclude that a day comes when gold becomes cheap because it is no longer rare, while bitcoin increases its scarcity over time and it is not possible to create more so bitcoin has one bullish direction in the long run, also in the digital technological age cannot compare gold features with bitcoin in any case So I am with bitcoin, of course.

Spack17

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Frankly, I don't find it right to choose between the two. If you have to make a choice, it will be very difficult. Gold has always been seen as the safest resource in the world. Its value can not be close to zero. There is a certain amount of gold in the world and we can not change it. These also apply to bitcoin. The number of Bitcoins is limited to 21 million. The inability to produce more than this increases its value. However, its value may decrease as it is still seen as an unsafe resource. Therefore, the value of bitcoin will be more volatile than gold.

mindrust

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Both can have a place in the financial markets. It shouldn’t be this or that. You can always invest in both. Bitcoin is having an amazing run but gold has a track record of centuries. You simply cannot dismiss gold so easily. It is a rare and a precious metal and it will stay so forever. People who invest in bitcoin should have some gold lying around too imo.

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Quote from: 2stout on July 01, 2022, 05:53:20 PM

It's good to be diversified so I would say to at least have both, however with more bitcoin than gold and having a significant amount of each in the portfolio. I like to think of it as past (precious metals), present (stocks), and future (bitcoin).

Well said. Diversification is the best strategy when it comes to risk management because it protects investors from wide wings in various sectors of economy. I think better is better than Gold though both are considered store of value because it has limited supply, method of quick payment as well as it doesn't have any logistic issue like Gold to transport it

bitterguy28

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Quote from: Smack That Ace on June 30, 2022, 10:31:39 PM

Deutsche Bank, one of the largest private banks in Germany, predicts Bitcoin will return to $28k by the end of the year.

But we have 2 quarters left and this is really very low to expect before the year ends, I believe that at least 40K? well I am hopeful in this matter.

Bitcoin is comfortable now at at least 20k level, so lets expect something more from this.

Quote

Interesting is that they rate Bitcoin as more valuable than Gold, they compare Bitcoin as rare as Diamond. Grin

Good luck

Duke

Am not sure what is their reason for bringing this here but at least this will favor all of us bitcoin supporters, and we still believe that there are more to come and the comparison of Diamonds against bitcoin is just a beginning .

Fatunad

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Quote from: 2stout on July 01, 2022, 05:53:20 PM

It's good to be diversified so I would say to at least have both, however with more bitcoin than gold and having a significant amount of each in the portfolio. I like to think of it as past (precious metals), present (stocks), and future (bitcoin).

Having both would be good as long your finances would permit you then diversification is always been best but we know that not all would really be having the capital even if they do like to diversify but there's nothing they can do anything about it as long their finances wont be sufficient then its just normal that you would really be going into much simpler side which is on dealing with Bitcoin yet we could really purchase in fractions
and not necessarily to get the whole thing.Same goes in other investment but of course it will really be depending on you.Any investment does have risk and when we do talk about security and reputation or
popularity then nothing beats out Gold into that but we are on a new era and we know the potential of BItcoin does have.

2stout

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It's good to be diversified so I would say to at least have both, however with more bitcoin than gold and having a significant amount of each in the portfolio. I like to think of it as past (precious metals), present (stocks), and future (bitcoin).

Smartvirus

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I am a bitcoin enthusiast and have been using bitcoin for a while even though I get to exchange it for fiat before I can spend its value. On one occasion, I had transferred some coin to a foreign national to have some work done for me and he cashed out the value and transacted as expected. In essence whata I say; Bitcoin has its value and usefulness which cannot be over emphasised but so also do gold.

Gold has been around for several centuries and have served in divers capacities and continues to serve until this day. It assumes several uses to it, from exchange go store of wealth and also jewelries. Perhaps it doesn't match bitcoin but, its some good asset to behold too.

sklopan

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I am definitely for gold. To me, this investment option seems much more important, and much more reliable in terms of work.

lalabotax

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Why should we compare the two? Both Gold and Bitcoin are worthy. I personally love both Bitcoin and also GOLD. ANd there is nothing wrong if we are able to invest in the two. Gold is a very common investment earlier before Bitcoin is created and this has been growing so rapidly these days. Bitcoin is also very popular and always grows very big from years to years.
There is weaknes and also strengths that each of gold and Bitcoin has. We con consider them.

FatFork

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Bitcoin, because the ease of buying it is the best factor of an asset. But the currency itself is so speculative that it’s kind of scary. I'd say we are going to need to wait a few more years before we have enough of a "crowd" that has enough faith in it and is confident in it, and then we can have a Bitcoin revolution. But the beauty of Bitcoin is that it's something people can get on board with right now and feel the excitement of something that ’s just going to be around, forever.

But both assets have their advantages. Gold has been around for thousands of years and it's the best security and store of value in the world. But, Bitcoin has more technology involved, and has a lot of development possibilities for the future.

CryptoHeadlineNews

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It will be unrealistical for any one to compare these two, as they are not the same and can never be the same in all category, but thou both are used as a store of value and can be divided into finite fractions, Gold is an unlimited natural resources which has been in existence since the beginning of time while Bitcoin on the other hand is a limited currency of over 21 million whose value fluotuate due to demand and supply, so asking which will I be in favour, I will definitely go for Bitcoin because I could remember vividly one Economics theory back then in college, ""that when the demand for a limited product is high, it causes an increase in price for that product, and when the demand for an unlimited product is low, it causes a decrease in price"". So Bitcoin is a limited product whose demand is increasing by the year. So I will go for Bitcoin

Fivestar4everMVP

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First, I personally think this two shouldn't be compared as Bitcoin is doing Bitcoin and Gold on the other hand is doing Gold, both are unique in their various ways even though both are similarly very scarce.
for me, I will always choose Bitcoin over Gold for several reason.
1. Investing in Gold takes a great amount of time and resources because of all the paperwork involved, this is something absolutely non existence in Bitcoin since no paperwork involved and under 5 minutes, you have purchased any amount of Bitcoin one wants.
2. Bitcoin is much more volatile in price which is actually where the good profit lies. Gold on the other hand has a more stable price with not very much volatility, and as this, Gold is only good for long term investment, while Bitcoin is good for both long term and short term investments.

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