Gold and Bitcoin

[emmybd]

Gold has always been one of the best assets to have. Many countries have also been holding gold as a reserve. It has always been considered as a reliable asset. There is no match between gold and bitcoin. Because bitcoin is quite new, a lot of people have not heard about it yet. So Bitcoin has a long way to go to be considered a safe asset.

[Legion]

Gold has always been one of the best assets to have. Many countries have also been holding gold as a reserve. It has always been considered as a reliable asset. There is no match between gold and bitcoin. Because bitcoin is quite new, a lot of people have not heard about it yet. So Bitcoin has a long way to go to be considered a safe asset.

Gold is indeed very good for long-term storage, but do we realize that gold is a very ancient currency? Gold has been around since the time of the pharaohs, even long before the glory of the pharaohs, gold has been used until now gold is still widely used and is still an entity with a price. selling very expensively, the problem is, what is the total supply of gold in the world? Can gold be created again? Why does gold have such a high selling price if it can be regenerated?

[0t3p0t]

Gold has always been one of the best assets to have. Many countries have also been holding gold as a reserve. It has always been considered as a reliable asset. There is no match between gold and bitcoin. Because bitcoin is quite new, a lot of people have not heard about it yet. So Bitcoin has a long way to go to be considered a safe asset.

Gold is indeed very good for long-term storage, but do we realize that gold is a very ancient currency? Gold has been around since the time of the pharaohs, even long before the glory of the pharaohs, gold has been used until now gold is still widely used and is still an entity with a price. selling very expensively, the problem is, what is the total supply of gold in the world? Can gold be created again? Why does gold have such a high selling price if it can be regenerated?

Yeah that is why it has huge which is the highest market capitalization in the history as it has been used in jewelries, electronics, currency and more. It's usage and importance I mean demand to humans is what makes it expensive even if it has also huge supply.

[Peter90]

Gold is indeed very good for long-term storage, but do we realize that gold is a very ancient currency?

Yes gold is very ancient, history has shown that gold is high quality money,
and it will keep being used as money, as thanks to modern technology gold can be used as a digital currency: Gold-Backed Stablecoins

[DrBeer]

The most interesting thing about gold is its distribution of uses. By 2020 (I don't have the most current data but I don't think it has changed much in a couple of years) the distribution was as follows :
- Jewelry - 47%
- Industry - 8%
- ETF - 12%
- Monetary - 9%
- Bullion and coins - 24%

Total gold mined by mankind - 208874 tons
Produced after 1950 - 2/3 of the total was mined.

That is, the main "reserves" or almost half of all "marketable" gold - on the hands of private individuals in the form of jewelry, only 1/4 - in the form of gold reserves of countries.
Plus we see that technological progress allows to mine more gold. I assume that new technologies will allow to mine it more, at the expense of extraction from previously unavailable or unacceptably expensive resources

[JoyMarsha]

So, my question is, for those of you that actually have good knowledge about Bitcoin and gold, which will you love to invest in, and what is your reason for choosing the asset?

Let's share ideas.

Life and its investment go with what we know of more than the other.

Bitcoin and gold, someone can choose to invest in one, or both, or forget about investing in both, or choose another investment approach because of the knowledge they have of one better than the other.

As a bitcoin believer, I would prefer to have my investment done in bitcoin than in gold. Why I am doing that, is because of the future profits I stand to gain, hodling bitcoin for long. I can make thousands of dollars in gains by hodling bitcoin for at least 4 years.

For gold, can I make such gains? The gold investors will tell us that if they can make thousands of dollars in gains within a space of 4 years compared to bitcoin. That's why people ought to invest in what they know more than the other to avoid making wrong investment moves.

[philipma1957]

So, my question is, for those of you that actually have good knowledge about Bitcoin and gold, which will you love to invest in, and what is your reason for choosing the asset?

Let's share ideas.

Life and its investment go with what we know of more than the other.

Bitcoin and gold, someone can choose to invest in one, or both, or forget about investing in both, or choose another investment approach because of the knowledge they have of one better than the other.

As a bitcoin believer, I would prefer to have my investment done in bitcoin than in gold. Why I am doing that, is because of the future profits I stand to gain, hodling bitcoin for long. I can make thousands of dollars in gains by hodling bitcoin for at least 4 years.

For gold, can I make such gains? The gold investors will tell us that if they can make thousands of dollars in gains within a space of 4 years compared to bitcoin. That's why people ought to invest in what they know more than the other to avoid making wrong investment moves.

ahh this is misleading.

just cherry pick dates and gold looks decent with btc looking like shit or vice versa.


April 2021 btc 67.1k
May 2024 btc  66.8k

April 2021 gold 1759
May 2024  gold 2343



see  above gold smoked btc in that that time frame

but

may 2021  btc 37,1k
May  2024  btc 66.8k


may 2021 gold  1852
may 2024 gold  2343

btc Clearly wins.

 so saying one is better than the other based on past history is just about picking spots to compare

[DrBeer]

ahh this is misleading.

just cherry pick dates and gold looks decent with btc looking like shit or vice versa.


April 2021 btc 67.1k
May 2024 btc  66.8k

April 2021 gold 1759
May 2024  gold 2343



see  above gold smoked btc in that that time frame

but

may 2021  btc 37,1k
May  2024  btc 66.8k


may 2021 gold  1852
may 2024 gold  2343

btc Clearly wins.

 so saying one is better than the other based on past history is just about picking spots to compare

Dynamics should be looked at in the long term - short-term changes are not indicative. It is probably more correct to compare it in the long term or since the emergence of Bitcoin as a digital alternative to gold. In the "history" of gold, there were also periods of drawdowns and explosive growth. And let's not forget - bitcoin has gained its current capitalization for about 15 years, let's compare how long gold has gained such capitalization?

[Sim_card]

Gold has always been one of the best assets to have. Many countries have also been holding gold as a reserve. It has always been considered as a reliable asset. There is no match between gold and bitcoin. Because bitcoin is quite new, a lot of people have not heard about it yet. So Bitcoin has a long way to go to be considered a safe asset.

The world is getting to know bitcoin as a good asset and that is why ETF has been launched in some countries this year in order for people to buy bitcoin and keep it in their custody as this will make a lot of people to have easy access to bitcoin, which will increase the value of bitcoin. I will go for bitcoin because its bull run is every four years, while gold is every ten years. This shows that bitcoin gives higher profit over time than gold. You should be marveled how bitcoin that was created recently have now gain the attention of many government because of her value.

[dekafee79]

Gold has always been one of the best assets to have. Many countries have also been holding gold as a reserve. It has always been considered as a reliable asset. There is no match between gold and bitcoin. Because bitcoin is quite new, a lot of people have not heard about it yet. So Bitcoin has a long way to go to be considered a safe asset.

The world is getting to know bitcoin as a good asset and that is why ETF has been launched in some countries this year in order for people to buy bitcoin and keep it in their custody as this will make a lot of people to have easy access to bitcoin, which will increase the value of bitcoin. I will go for bitcoin because its bull run is every four years, while gold is every ten years. This shows that bitcoin gives higher profit over time than gold. You should be marveled how bitcoin that was created recently have now gain the attention of many government because of her value.

If we compare bitcoin and gold for investing, of course as crypto lovers we will choose bitcoin because it will bring greater profits than gold. but the older generation still believes in gold, because they don't understand crypto. Bitcoin ETFs are already making bitcoin expensive and reaching ATH before the halving, this is something extraordinary.