Has BTC really become more attractive than gold?

[Aanuoluwatofunmi]

People are really going  for bitcoin than gold because of many reasons whereby they see its more safe and affordable to invest on than gold, when we consider the aspect that gold is being centralized whereas bitcoin is not, you will also need a large amount of money before you invest on gold unlike bitcoin, whereby as little as possible amount of money can be use to start an investment in it.

[Wiseman]

Over the past 7 years, the cue ball has become an attractive tool for making money and naturally it has become much more attractive than gold because those who bought bitcoin 2-3-7 years ago are now seeing a multiple increase in their balance sheet, gold has not grown that much during this time and bitcoin continues to grow every 2-3 years increasing several times.

And the reason is simple, and it's because, bitcoin is much more accessible to every one than gold is, I learnt about gold while I was very young and growing up, I swore to invest in gold as soon as I start working and making my own money, that time eventually came when I start working and making little money every month, I remembered I vowed to invest in gold, when I tried asking around, searching the internet, and learning all the stress i will have to put myself through just to be able to invest in gold, not to talk of the minimum amount of money required to invest which I don't even have half of, I simply gave up, with the conclusion that investing in gold was something reserved for the rich and not the poor like me then.

Bitcoin came and as we can see, anybody anywhere in the world with internet connection can buy bitcoin worth any amount, even $1, this has contributed greatly to the reason why bitcoin has become a favorite than gold to most people today.

Well, by the way, this is a very important problem for those who want to invest and do not understand how the market works and what it means to buy a share or a piece of gold. Some people think that it all works the old fashioned way, that stocks are paper bonds and simple gold is a real piece of gold. But in reality In fact, everything is much more complicated and now everything works via the Internet, and yes, you are right that now you have to go through three circles of hell to buy a piece of gold and in the end you will not see good profits from this purchase. Bitcoin, of course, is much better, just went in and bought it.

[bitterguy28]

People are really going  for bitcoin than gold because of many reasons whereby they see its more safe and affordable to invest on than gold, when we consider the aspect that gold is being centralized whereas bitcoin is not, you will also need a large amount of money before you invest on gold unlike bitcoin, whereby as little as possible amount of money can be use to start an investment in it.

according to the Poll it is bitcoin that wins because this has been tackled here in crypto forum , but for those who are into physical investment for sure they will disagree in the result .

I am for bitcoin also but not of because being safer as this is also a riskier investment but because of the best return that i cannot find in gold or other investment form.

[0t3p0t]

People are really going  for bitcoin than gold because of many reasons whereby they see its more safe and affordable to invest on than gold, when we consider the aspect that gold is being centralized whereas bitcoin is not, you will also need a large amount of money before you invest on gold unlike bitcoin, whereby as little as possible amount of money can be use to start an investment in it.

according to the Poll it is bitcoin that wins because this has been tackled here in crypto forum , but for those who are into physical investment for sure they will disagree in the result .

I am for bitcoin also but not of because being safer as this is also a riskier investment but because of the best return that i cannot find in gold or other investment form.

Yeah it is all the matter of choice either we like to invest in centralized assets or decentralized ones like Bitcoin. But in my own perspective people are now trying to jump into Bitcoin because of some positive events. The only thing with Bitcoin is that it is a high risk high reward investment whereas gold it is more stable physical asset that does not gave opportunities like Bitcoin.

[pacar_tiri]

People are really going  for bitcoin than gold because of many reasons whereby they see its more safe and affordable to invest on than gold, when we consider the aspect that gold is being centralized whereas bitcoin is not, you will also need a large amount of money before you invest on gold unlike bitcoin, whereby as little as possible amount of money can be use to start an investment in it.

according to the Poll it is bitcoin that wins because this has been tackled here in crypto forum , but for those who are into physical investment for sure they will disagree in the result .

I am for bitcoin also but not of because being safer as this is also a riskier investment but because of the best return that i cannot find in gold or other investment form.

Yeah it is all the matter of choice either we like to invest in centralized assets or decentralized ones like Bitcoin. But in my own perspective people are now trying to jump into Bitcoin because of some positive events. The only thing with Bitcoin is that it is a high risk high reward investment whereas gold it is more stable physical asset that does not gave opportunities like Bitcoin.

If we talk about investment then the best thing to do is bitcoin, you can see how much the price of bitcoin was when it was in 2010 and how much the price of bitcoin is this year. We compare this because bitcoin was first created in 2009 and many people underestimated the price of bitcoin until now it has a very crazy price.

[bayu7adi]

Yeah it is all the matter of choice either we like to invest in centralized assets or decentralized ones like Bitcoin. But in my own perspective people are now trying to jump into Bitcoin because of some positive events. The only thing with Bitcoin is that it is a high risk high reward investment whereas gold it is more stable physical asset that does not gave opportunities like Bitcoin.

Bitcoin is a symbol of freedom, and many people seem to want that freedom. Gold and Bitcoin are always compared, but it is like apples and oranges, because they both have different mechanisms due to the large gap in their emergence, so comparing them actually cannot be detailed.

Viewed from an investment perspective, it is clear that Bitcoin is more accessible which makes it easier for many people to get it... starting from $10 we can all have BTC... in contrast to gold which only targets rich people, because the price is expensive and there is a lower limit to buy gold is not lower than the lower limit of buying BTC.

In other words, Bitcoin is actually friendlier than gold, which is why we see a more rapid growth in Bitcoin interest from time to time.

[Faisal2202]

Thanks for sharing this news with us as I did not know about Nilam before and how they are going to buy a MindWave company which has around 24,800 BTC. I am wondering why they are buying this company as they can directly buy 24,800 BTC which could add more demand in the market and price could go up. Well, I wonder at what rates they might have bought it. Besides this amount is not small, as at the current market price it is almost nearly $1.5+ billion. A gold mining company buying that much BTC is not a small thing.

I would like to know your views on BTC and gold:

• Are you investing in BTC or gold?
• Do you think BTC has become more attractive than gold in the investment sector?
• Have people like Peter Schiff accumulated a lot of BTC while still badmouthing BTC in the media?

1. I am investing in BTC as it have more potential in compared to Gold.
2. Yes, I think BTC has way more potential in compared to Gold, but it would be idiotic if we kept all of our funds in BTC only as diversification is necessary to minimize the risk of losing all of our funds at once.
3. I think yeah.

[enwi]

Yeah it is all the matter of choice either we like to invest in centralized assets or decentralized ones like Bitcoin. But in my own perspective people are now trying to jump into Bitcoin because of some positive events. The only thing with Bitcoin is that it is a high risk high reward investment whereas gold it is more stable physical asset that does not gave opportunities like Bitcoin.

Bitcoin is a symbol of freedom, and many people seem to want that freedom. Gold and Bitcoin are always compared, but it is like apples and oranges, because they both have different mechanisms due to the large gap in their emergence, so comparing them actually cannot be detailed.

Viewed from an investment perspective, it is clear that Bitcoin is more accessible which makes it easier for many people to get it... starting from $10 we can all have BTC... in contrast to gold which only targets rich people, because the price is expensive and there is a lower limit to buy gold is not lower than the lower limit of buying BTC.

In other words, Bitcoin is actually friendlier than gold, which is why we see a more rapid growth in Bitcoin interest from time to time.

How can Bitcoin be friendlier than gold? Do we remember when mining Bitcoin what we should pay most attention to? room temperature, next is the electricity used with all of that. I consider bitcoin not environmentally friendly, so how can you say that bitcoin is friendlier than gold?

[Jamal Aezaz]

1. I am investing in BTC as it have more potential in compared to Gold.
2. Yes, I think BTC has way more potential in compared to Gold, but it would be idiotic if we kept all of our funds in BTC only as diversification is necessary to minimize the risk of losing all of our funds at once.
3. I think yeah.

Both have potential to increase in price but Bitcoin is thought to be more friendly because its success is rapid while gold will take time to increase. People often choose one of them but if they choose both of these assets then they will be in more profit so I think they will hold Bitcoin up to four years and also hold some gold when it grows more then sell it.

I will say that as compared to Bitcoin gold is a more trusted asset as fluctuations in gold are not as high as that of in Bitcoin. We cannot ignore the profitability of any of these so buy both and hold to get revenue  from both.

[Faisal2202]

Both have potential to increase in price but Bitcoin is thought to be more friendly because its success is rapid while gold will take time to increase. People often choose one of them but if they choose both of these assets then they will be in more profit so I think they will hold Bitcoin up to four years and also hold some gold when it grows more then sell it.

I will say that as compared to Bitcoin gold is a more trusted asset as fluctuations in gold are not as high as that of in Bitcoin. We cannot ignore the profitability of any of these so buy both and hold to get revenue  from both.

No doubt fluctuations are not as high as in BTC. But that's what makes it more attractive for investment. I mean we can gain more on BTC and it is not even gambling, like we are not going to lose it all. If we are not able to make a profit in one cycle then we will wait for another. And this cyclic behavior of BTC can make us a hell lot of money in the long run.

Gold no doubt is more attractive as it's traditional, but think for another second that what if people leave the ritual of giving and taking gold in marriages ( I know in foreign countries it won't happen) and replace Gold with BTC? Demand will increase greatly.  BTW a lot of people consider this POV of us wrong, they say BTC should not be used as long-term investment to store the value of our money while it should be used as currency like p2p. Well, in short we should fill our bags from all the pools, and if BTC is giving us more profit with some risk then we should invest in it what we don't afraid to lose and will invest in Gold what I afraid to lose.

[Primo1760]

• Are you investing in BTC or gold?
• Do you think BTC has become more attractive than gold in the investment sector?
• Have people like Peter Schiff accumulated a lot of BTC while still badmouthing BTC in the media?

Of course I invested in Bitcoin as well as I bought some gold jewelry for my wife which is equivalent to an investment. I am making a lot of profit from the price I bought the gold jewelery for my wife at the current price. Moreover, the bitcoins I have invested in have multiplied many times over bitcoin gold. Of course I think BTC has become more attractive than gold. Now bitcoin has become much more attractive than gold in terms of popularity and demand among people. With the way BTC is attracting people's attention, it looks like it will become the most popular ever. Maybe people like Peter Schiff can hoard a lot of bitcoins when the bitcoin market goes down. Especially from our side if we exchange when we see bitcoin going down then why wouldn't those kind of influencers buy bitcoin of course they buy bitcoin and invest.