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Author Topic: Can Bitcoin be considered the “gold” of crypto investment?  (Read 5980 times)

Offline Lorix

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Re: Can Bitcoin be considered the “gold” of crypto investment?
« Reply #15 on: November 27, 2020, 12:18:09 PM »
Since investing in Bitcoin has a high level of risk. Because in the last few days, there was extreme excitement in the price of Bitcoin. Most investors were interested in investing more. In some cases it is going to be profitable, while some investors have already benefited. But those who have invested in the last few days have suffered. Since prices fluctuate a lot, there is a high risk. However, investing in gold does not have a high risk.

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Re: Can Bitcoin be considered the “gold” of crypto investment?
« Reply #15 on: November 27, 2020, 12:18:09 PM »

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Offline alltalk

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Re: Can Bitcoin be considered the “gold” of crypto investment?
« Reply #16 on: November 27, 2020, 11:13:38 PM »
Why consider as the gold of crypto investment? I think the concept of gold and crypto is quite different. They also are not in the same field, as one is a digital investment and another is a physical investment. In my opinion, we cannot consider Bitcoin as a Gold of crypto investment because they are different concepts. Bitcoin is much better at gaining profits even if it also has a higher risk of volatility and unstability in price.

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Re: Can Bitcoin be considered the “gold” of crypto investment?
« Reply #17 on: November 28, 2020, 05:11:48 AM »
No risk no gain we know the proverbs everyone but successful man are applying the rules in their life that's why they can reach the golden achievement. If I compare gold and btc and get more profit then I will catch btc with risk . Here I known the risk before to invest but there are lots of sectors we may invest that we don't know the risk .so at the end of my speech look before you lip with risk and more profit .

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Re: Can Bitcoin be considered the “gold” of crypto investment?
« Reply #18 on: November 28, 2020, 08:28:18 AM »
I think that cannot happen because so far gold and bitcoin have very different physicalities and don't buy the wrong one because if you want to make a profit then it is certain that bitcoin has the potential to get a lot of profit with a very large amount.
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Re: Can Bitcoin be considered the “gold” of crypto investment?
« Reply #19 on: January 05, 2021, 06:05:37 PM »
Bitcoin will continue to be gold for cryptocurrency because Bitcoin is recognized for its resilience by all altcoins.
Investors and traders alike still say that because Bitcoin is the mother of all.
Digital gold has been proven to exist and Bitcoin is a digital asset that exceeds the form of gold because its changes are always changing all the time.
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Re: Can Bitcoin be considered the “gold” of crypto investment?
« Reply #20 on: January 06, 2021, 08:06:00 AM »
It has to be acknowledged that bitcoin cryptocurrency is like gold.  Because the price of gold never goes down.  Although occasionally a little less.  But after a while it grows in more size.
Yes, gold never drops sharply in value. On the contrary, over time, it constantly rises in price against the background of inflationary processes of the common currency of states. Bitcoin is essentially the exact opposite of gold, except for the high price tag. It is especially distinguished by high price volatility, and in this regard, bitcoin is sharply inferior to gold. Gold has been a constant value for many millennia. In fact, as long as human civilization has existed. To compare Bitcoin and gold as a store of value, 12 years of Bitcoin's existence is clearly not enough. It takes at least 100-200 years.

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Offline marcsymons

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Re: Can Bitcoin be considered the “gold” of crypto investment?
« Reply #21 on: January 06, 2021, 08:30:37 AM »
I think as King of Crypto will be enough because gold and Bitcoin has different platform of investment. Gold is a physical investment in which all of the matured people knows about it while even Bitcoin gained some popularity in the whole world but still not all people know how to use it.

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Re: Can Bitcoin be considered the “gold” of crypto investment?
« Reply #21 on: January 06, 2021, 08:30:37 AM »


Offline Magepai

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Re: Can Bitcoin be considered the “gold” of crypto investment?
« Reply #22 on: January 06, 2021, 12:13:49 PM »
I think investing in bitcoin and gold is completely different.  You have to invest in Bitcoin and stay at risk. That's why the Bitcoin price can go down from time to time. But there is no risk in investing in gold. That's why I think investing in Bitcoin and Gold is different.
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Re: Can Bitcoin be considered the “gold” of crypto investment?
« Reply #23 on: January 06, 2021, 12:54:51 PM »
Of course Bitcoin can now be called gold from crypto. and gold in online investing. Because Bitcoin is king of coin. So it is very appropriate if now Bitcoin really shows a very high and amazing price.
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Re: Can Bitcoin be considered the “gold” of crypto investment?
« Reply #24 on: January 06, 2021, 06:49:16 PM »
Of course Bitcoin can now be called gold from crypto. and gold in online investing. Because Bitcoin is king of coin. So it is very appropriate if now Bitcoin really shows a very high and amazing price.
The high price of bitcoin is not yet a reason to compare it with gold. After some time, Bitcoin may again drop to its previous price of $ 10,000 or even lower. The hallmark of gold is its sustainable value. The fact that bitcoin is in great demand now and people are actively investing in it may be temporary. I do not consider it digital gold primarily because of its high price volatility.

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Re: Can Bitcoin be considered the “gold” of crypto investment?
« Reply #25 on: January 07, 2021, 01:39:39 AM »
Why consider as the gold of crypto investment? I think the concept of gold and crypto is quite different. They also are not in the same field, as one is a digital investment and another is a physical investment. In my opinion, we cannot consider Bitcoin as a Gold of crypto investment because they are different concepts. Bitcoin is much better at gaining profits even if it also has a higher risk of volatility and unstability in price.

Yes I agree brother. Bitcoin and gold is different concepts. So We don't consider bitcoi as gold at investment. Gold is real asset, It is the  legend of investment. Bitcoin is digital assets It is the future investment. I think Bitcoin is better than gold.

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Re: Can Bitcoin be considered the “gold” of crypto investment?
« Reply #26 on: January 07, 2021, 02:01:27 AM »
This has often been discussed in forums. According to government regulations, gold is clearly superior because all countries in the world accept it, while there are still many countries that do not recognize it. But for now, from an investment perspective, I think it's more profitable to play bitcoin than gold ....
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Re: Can Bitcoin be considered the “gold” of crypto investment?
« Reply #27 on: January 07, 2021, 02:05:54 AM »
The only cryptocurrency so it is possible to make more profit in a short time. Then again, there is a lot of risk if you invest in Bitcoin again, but now it is possible to get a good profit if you invest in it now.  But there is no such risk in gold.
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Re: Can Bitcoin be considered the “gold” of crypto investment?
« Reply #28 on: January 07, 2021, 02:09:52 AM »
I think investing in bitcoin and gold is completely different.  You have to invest in Bitcoin and stay at risk. That's why the Bitcoin price can go down from time to time. But there is no risk in investing in gold. That's why I think investing in Bitcoin and Gold is different.
Yes bro investing in bitcoin and gold is completely different. Those who have a good knowledge of what type they have always seen investing in bitcoin.They know that there is a lot of risk involved in investing in it, but they are investing here in the hope of making more profit. But there is no risk in investing in gold. Suddenly the price doesn't go down as much as bitcoin.
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Re: Can Bitcoin be considered the “gold” of crypto investment?
« Reply #29 on: January 07, 2021, 02:45:09 AM »
Bitcoin can be considered as the gold of crypto investment obviously because of it's value. What I like about Bitcoin is that you don't need to have it physically and of course as an investment it is good due to volatility. When it comes to gold what I like about it is the fact that it is a stable kind of asset. Having both asset is the best choice if you have the ability to acquire.

 

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