Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Karl_BC on November 24, 2020, 12:00:01 PM
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In recent years, investing in Bitcoin has been seen as a possible way to diversify one’s investment portfolio. As a result of COVID-19 and what’s happened to the stock markets, an intriguing question has been brought up: is investing in Bitcoin as good as investing as gold?
Just a little while ago, Stanley Druckenmiller, an American billionaire, spoke on CNBC about his views on Bitcoin: that it “could be an asset class that has a lot of attraction as a store of value to both millennials and the new West Coast money.”
Why Druckenmiller’s views matter
His views were the inspiration for this article! Druckenmiller is a notable figure in the global financial industry due to his 30+ years of experience in financial management. For a self-declared “dinosaur” who owns a ton of gold, mentioning that he now owns some Bitcoin sure is something, especially for many who strongly believe in the cryptocurrency.
In addition, Druckenmiller publicly recognizing that “Bitcoin is an “asset class” with a potentially strong investment case for some investor groups” (as shared by Coindesk) makes it a “worthy validation”. What’s perhaps significant is how Druckenmiller’s views came right after Bitcoin’s correlation with gold hit an all-time high.
Bitcoin & gold’s all-time high correlation
Coin Telegraph found that Bitcoin and gold “reached a record high of 68% as Bitcoin hit US$12,000” in early August 2020, though this “correlation crashed by 20% the following week”.
Despite this, some say that Bitcoin could become digital gold due to the current pandemic’s uncertainty as investors veer towards assets that store value, i.e. Bitcoin and gold.
In fact, on the morning that this blog post was written (November 18, 2020), BBC reported that Bitcoin hit a three-year high of US$18,000/€15,000 as a result of this: investors “flocking to cryptocurrencies during the pandemic-driven volatility on global stock markets”.
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Bitcoin and gold
Is having Bitcoin as good as having gold in your investment portfolio? While the debate goes on out there, there are valid comparisons between Bitcoin and gold as investments.
Rarity
The total supply of Bitcoin is 21 million, all of which will come into circulation by 2140 due to Bitcoin halving. Similarly, with gold, no one knows when all of it will be mined from the earth. In fact, there may even be gold being mined from an asteroid in the near future as the US Money Reserve has reported!
Exchange for money
Bitcoin and gold can both be exchanged for fiat currency, and vice versa. What’s interesting is that while Bitcoin acts as a currency as you can use it as a form of payment, the same can’t be said for gold. Gold itself can’t be used as a form of payment.
Baseline value
Both gold and Bitcoin have tremendous baseline values due to the way that they are used. Gold has been used in many ways throughout history, while Bitcoin brought a new focus to blockchain technology and is enabling global financial inclusion.
Transparency and safety
With Gold’s established trading system, it’s difficult to steal it and to pass off any imitations. Hence, its transparency as it’s difficult to corrupt. Likewise, Bitcoin is difficult to corrupt because of its decentralized system that’s encrypted. While both are transparent, gold is deemed safer than Bitcoin as Bitcoin’s infrastructure to ensure safety is not yet fully in place.
Volatility
Fox Business states that “gold is considered a safe haven because it has acted as a store of value, maintaining its purchasing power for thousands of years”. Bitcoin, on the other hand, is known for its ‘wild’ volatility with its recent high of US$18,000 on November 18 and hovering around US$4,000 1.5 years ago.
Can Bitcoin be considered the “gold” of crypto investment?
While many do indeed see Bitcoin as a safe haven like gold, and Druckenmiller himself recognizing that Bitcoin can be an asset class, others such as Shane Oliver (head of investment strategy and chief economist, AMP Capital) and Marie Tatibouet (CMO, Gate IO) are cautioning against this perspective. The reasons? Volatility, liquidity and rate of adoption. Still, this hasn’t stopped crypto enthusiasts from believing it could be.
Bitcoin vs Gold, what is a better investment in your opinion?
Thanks,
Karl
Bitcasino.io
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Bitcoin more valuable than gold but gold is more popular than bitcoin. Gold is a popular and valuable metal which accepted all over the world and governments supports and reserves gold as central Bank liquidity assets. On the contrary bitcoin is a popular but only few countries accepted Bitcoin. And governments not permits bitcoin like than gold.
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Perhaps it is very appropriate to call Bitcoin gold in the world of Crypto. Because the value of Bitcoin is very valuable and also continues to increase. Even investing in Bitcoin can make anyone rich suddenly. However, it comes with a big risk, because people can also suddenly become poor with Bitcoin.
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Good article,
Gold is still an attraction for world investors, the scarcity of gold is also one of the drivers of its value to be higher because it is certain that gold will be scarce someday, Bitcoin has many advantages as a digital asset and can be used for payment systems, from here Bitcoin and gold have advantages. different, depending on how we use it.
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Bitcoin is a limited supply and gold is a unlimited production of nature. Bitcoin undoubtedly a virtual gold of investors and traders on the other side gold is the best valuable asset and it's price always be upwards. Bitcoin price sometimes crashing but gold price always upwards. I think gold is better than bitcoin.
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In my opinion, Bitcoin is as good as gold investment. But, bitcoin is a kind of good and trusted telegram or I would like to know whether it is still really influencing or not, watching this mess cognition about the new group I a following, But bitcoin is very volatile, different with 2019
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It deserves if we want to call investing in BItcoin is like investing in gold. Instead, the potential for getting big profits can be higher in Bitcoin investment. If you learn and look at the price improvement, you must realize that the gaps in the price improvement are very big. So, it is very promising to invest in Bitcoin. It is as good as investing in Bitcoin or the like.
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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.
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Everything depends on the person who calls it because assumptions can be personal. If I think maybe Bitcoin is considered the "gold" of crypto investing because it is an asset that most investors are looking for.
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If you analyse both btc and gold as investment you will see due to limited and low supply btc is a much more valuable asset it is already termed as digital gold by investors but i would rank it much higher than gold and you will see it will become super expensive in near future.
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IMO, It can be stated like gold but no digital gold. What is the similarity between Bitcoin and Gold? The similarity: they have a very potential future and people can invest in both of them safety. If you want to invest in a digital asset, so yes you need to choose Bitcoin because it is very potential to gain bigger profits.
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Bitcoin should not be overly idealized. It is mostly compared to gold because of its high current price and expectations of its further price growth. In all other respects, these are financial assets that are practically opposite in their characteristics. First of all, gold has real physical value, which bitcoin does not have, whose value is based on belief in its value. In a few hours, bitcoin can lose several tens of percent of its price. This cannot happen with gold. Tomorrow the price of bitcoin may well fall again to ten thousand dollars. Investors who bought bitcoin yesterday for $ 19,000 will be surprised to ask where their digital gold was shared. One could argue that despite all this, bitcoin is still generally growing in price. Yes indeed. While growing. While...
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Something needs to be preserved in value, US dollars are only depreciating every day, and gold is not only outdated but also too troublesome to use. Bitcoin can fall by half but rise tenfold. For me, the choice is simple - Bitcoin.
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Although investing in bitcoin has high risk. Bitcoin has spread all over the world due to the high risk of investing in Bitcoin. But it is not more popular than gold. They are much more valuable than worldwide gold. However, investing in gold is not very profitable. However, there is no risk. Investing in Bitcoin is as risky as it is much more profitable. So we should invest on bitcoin.
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Yes It can, I agree bitcoin can be considered the gold of Crypto Investment. Bitcoin is high demand and limited supply, I see many people have enthusiast to invest in bitcoin. Bitcoin is very profitable and good for Investment, because bitcoin is the King of Crypto
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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Now time I think bitcoin is more valuable than gold. But good is most popular than bitcoin. Every person in there would are know bitcoin . But anybody to Easley Know bitcoin. Bitcoin is very popular Coin now. Resently bitcoin price has over than 36k$. I think this is top record to bitcoin. So bitcoin and gold are two different assets. gold is real and bitcoin is digital coin.
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Bitcoin price go to high and high day by day and it touch this time 37,000$ and i hope soon the Bitcoin touch the 50,000$ and it like a gold its true becasue its price going high very fastly and it is good for investment.
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I think Bitcoin deserves to be called gold in crypto investing. Because it is the highest value, and the most enthusiasts are even the most famous and the best among other coins.
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I think Bitcoin deserves to be called gold in crypto investing. Because it is the highest value, and the most enthusiasts are even the most famous and the best among other coins.
Yes I agree mate, I think bitcoin can be called gold at crypto currency. Because bitcoin is always be the king of crypto currency and reall worthy to invest in. Bitcoin is not gold as nature. But It is gold as crypto.
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I think Bitcoin deserves to be called gold in crypto investing. Because it is the highest value, and the most enthusiasts are even the most famous and the best among other coins.
Yes I agree mate, I think bitcoin can be called gold at crypto currency. Because bitcoin is always be the king of crypto currency and reall worthy to invest in. Bitcoin is not gold as nature. But It is gold as crypto.
Most of them are referring to the fact that bitcoin has a very high price and therefore can be considered digital gold. However, the main feature of gold is that it always has a high stable value. Bitcoin with its high price volatility does not have this. Now the price of bitcoin is above $ 40,000 and many continue to buy it. Tomorrow it may drop in price to $ 20,000 or even lower. Gold is never so devalued.
Bitcoin was only able to appear due to the emergence of high technologies that became available to ordinary people all over the world. However, the cryptocurrency can also suddenly disappear during global cataclysms and no longer be reborn. Gold is almost impossible to destroy.
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I think Bitcoin deserves to be called gold in crypto investing. Because it is the highest value, and the most enthusiasts are even the most famous and the best among other coins.
Yes I agree mate, I think bitcoin can be called gold at crypto currency. Because bitcoin is always be the king of crypto currency and reall worthy to invest in. Bitcoin is not gold as nature. But It is gold as crypto.
I think bitcoin and gold is different thing . But I agree if you said bitcoin can be called gold of crypto currency. Because bitcoin is really worthy and high demand now. We all see bitcoin is going strong and has high price.
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Bitcoin is now more expensive than gold for cryptocurrency Investors and traders say Bitcoin is the mother of all wells. The existence of digital gold has been proven and Bitcoin is a digital asset that has surpassed the gold form because changes are always changing.
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Bitcoin is now more expensive than gold for cryptocurrency Investors and traders say Bitcoin is the mother of all wells. The existence of digital gold has been proven and Bitcoin is a digital asset that has surpassed the gold form because changes are always changing.
Yes, You are right bitcoin is more expensive than hold. I think We should say bitcoin is gold of crypto currency. Because bitcoin is really going stronger and worthy to invest. I think Bitcoin will increase again and break new ATH this year.
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I also believe that it is logical to think that bitcoin is a gold like in digital space. If we are going to analyze about the market of bitcoin and when it arrived at the market we will certainly amazed that bitcoin is really the first digital digital currency and yet too young to gain much a remarkable record in the market.
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Currently Bitcoin has the highest number of investors. However, since gold is very old and popular, they invest more. It ranks first in the world. However, the position of gold in the global market is good. There will be more improvements in the future.
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First we can consider investing in Bitcoin and Gold is completely different. The reason why one does not have to take any risk by investing in gold is because it is a very old investor's site. Although there is not much profit in it, it can be seen that the amount of investors is more. But investing in Bitcoin is very different from gold.
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First we can consider investing in Bitcoin and Gold is completely different. The reason why one does not have to take any risk by investing in gold is because it is a very old investor's site. Although there is not much profit in it, it can be seen that the amount of investors is more. But investing in Bitcoin is very different from gold.
Yes I agree bitcoin and gold are different thing. We all know gold is real asset and bitcoin is virtual asset. I have agree your question, I think We should consider bitcoin will be the gold of crypto investment. Let's see.
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Bitcoin is very popular all over the world. However, in some countries it has no popularity or legitimacy. But the legitimacy of gold is all over the world. However, people will be more profitable if they buy and invest in Bitcoin than gold because gold is stable but Bitcoin is not stable. We see that Bitcoin is but always on price update. Currently, the price of Bitcoin is in a much better position. So those who invested in low bitcoin prices today have benefited a lot.
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Everyone has the right to consider it in his own way. As long as bitcoin continues to rise in value and generate profits for its holders, it can be called gold for investment. However, this will not last too long. In addition, altcoins are now rapidly developing and are in many ways ahead of bitcoin. Nothing is eternal.
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Bitcoin is the favorite, you can call it gold. From year to year, he takes first place, no matter what. No matter how other coins try to overtake Bitcoin, it is always ahead!
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In fact, currently Gold is certainly superior to bitcoin. Gold is more flexible and accepted in all countries, while bitcoin is still in the process of getting there. However, for short-term investments, bitcoin is potentially more profitable
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Perhaps it is very appropriate to call Bitcoin gold in the world of Crypto. Because the value of Bitcoin is very valuable and also continues to increase. Even investing in Bitcoin can make anyone rich suddenly. However, it comes with a big risk, because people can also suddenly become poor with Bitcoin.
That's why we love the btc as it is high volatile and easily give us a quick profit .However we all know risk is on beside but we can avoid the risk management if we study the market welly .Btc is become more popular than gold at the recent time .It makes us the surety that it has a bright future .
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In fact, currently Gold is certainly superior to bitcoin. Gold is more flexible and accepted in all countries, while bitcoin is still in the process of getting there. However, for short-term investments, bitcoin is potentially more profitable
Bitcoin is getting more and more popular from time to time, although currently there are no businesses in my place that accept Bitcoin but I am optimistic that in two to five years Bitcoin will be accepted by all elements of society.
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This is absolutely true, because once the price of bitcoin was only a couple of cents, and more recently the price of bitcoin was about 40k$ and at the moment the price of bitcoin is about 32500$ and this already suggests that bitcoin is really digital gold, because people who invested from the very beginning in bitcoin, at the moment they have increased their profits by about 24000%.
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Maybe because we know that BTC can be a good investment, worthy investment for now and also for the future. This is something worthy like Gold. But it is different. I don't want to make it lively as gold precise, but it is exactly really promising for investing
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I thought it would outweigh gold because of the fast changing price of Bitcoin.
If we compare it to gold it will feel different, it is too early for Bitcoin to equate with gold that has been recognized by many people.
But it is true what Stanley Druckenmiller said, Bitcoin now feels that many people know and Bitcoin is used as a tool for investment.
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It is possible to make a lot of profit in the future by investing in Bitcoin. If you invest, it will be much better. But there will not be as much future development as bitcoin. But there is no risk in investing in gold as there is a lot of risk in Bitcoin.
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I've already seen a lot of topics about Bitcoin and Gold already open and many topics have been discussed in detail about Bitcoin and Gold.I think bitcoin and gold are two different objects. Digital currency and gold are real objects. That is, there is no similarity with any of them.If you hold Bitcoin and Gold together, you will find that Bitcoin seems to be more risky than Gold.
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The number of investors in the world will increase with age. Investment and trade will always go a long way. Popularity is definitely needed to increase the level of investment. For example, Bitcoin is more popular than gold. One of the popular mediums is Bitcoin. So nowadays people are emphasizing on investing on bitcoin instead of investing on gold.
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I believe it's much better than gold if you see Bitcoin ROI you will be amazed how faster is it than Gold. Bitcoin growth is quite higher than Gold. Yes, we can say it's a digital gold of the cryptocurrency but the major concern is still the adoption rate of bitcoin and to keep it secure from hackers.
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In my opinion, gold and bitcoin are the same tools for investing, the difference is that they are real and bitcoin is digital, if the gold you increase can still be controlled because it is real, but if bitcoin increases it can't be controlled so here if I think investing in bitcoin it is very profitable over gold.
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for long-term investment until the apocalypse may be very useful gold, but when technology develops, gold will not have a good future, the development of technology will make the price of cryptocurrency expensive.
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Bitcoin is certainly more valuable than gold. Because nowadays most people value Bitcoin more than gold. Nowadays, people's interest in bitcoin is increasing. People think that if bitcoin can be held more than gold, then the most profit can be obtained. We should all look at bitcoin instead of gold.
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Bitcoin has been felt to be easy, simple, fast for its price increase by everyone throughout the cryptocurrency market, including me.
Just look now at the best exchanges like Binance, this Bitcoini is really very much appreciated.
On every button on Binance there is always the word Bitcoin, which means Bitcoin has become a digital asset like gold that you have always wanted to own.
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Bitcoin is now being compared to allready gold. Many are comfortable investing in Bitcoin as opposed to gold. We all know that Bitcoin has no stable currency so investing in Bitcoin is risky. But investing in Bitcoin is hugely profitable. So investors are inclined to invest in Bitcoin instead of gold.
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