Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: SiliconHat on December 13, 2024, 10:55:40 AM
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I was having an argument with my colleagues earlier about the possibility of Bitcoin surpassing Gold. I mean in utilization and acquisition.
Gold has been dominating the economy and markets for thousands of years as a means of exchange and holding wealth(even generational wealth). On the contrary, Bitcoin(which is now called digital gold) was launched in 2009 and has achieved widespread adoption and success. It has been growing rapidly ever since.
I am not against holding or buying bitcoin, infact i am an advocate for holding bitcoin for the next couple of years because it’s certain there will be a huge increase to about $200,000 or higher in the future. But Gold is widely utilized compared to Bitcoin. Gold is also stable even though its price may fluctuate due to geopolitical factors and economic events whereas Bitcoin can be highly volatile.
Even though gold can be more reliable, this has been proven over and over. But I will always stand on the fact that Bitcoin has accessibility, portability, divisibilty advantages over Gold.
Which team do you fall into Digital Gold or Traditional Gold?
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In my opinion, since gold is a commodity then there is no doubt it will dominate physically as a utility or an asset but these two were totally different and should not be compared. But regarding the question of utilization and acquisition gold is what majority of us were holding, Bitcoin on the other hand only few individuals have it. Majority of people are well informed about gold but not Bitcoin. So for the question, will it surpass? Well, I don't think so Bitcoin can only be used as currency and as an asset so in the long run gold will still has an edge.
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Although the link between cash and USD has been severed, we still use cash and gold has not been abolished, so Bitcoin can be used without the need to abolish gold, etc. If Bitcoin succeeds, we will have a system that includes cash, gold and Bitcoin.
The short answer is yes, but there is no connection between them.
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I was having an argument with my colleagues earlier about the possibility of Bitcoin surpassing Gold. I mean in utilization and acquisition.
Gold has been dominating the economy and markets for thousands of years as a means of exchange and holding wealth(even generational wealth). On the contrary, Bitcoin(which is now called digital gold) was launched in 2009 and has achieved widespread adoption and success. It has been growing rapidly ever since.
I am not against holding or buying bitcoin, infact i am an advocate for holding bitcoin for the next couple of years because it’s certain there will be a huge increase to about $200,000 or higher in the future. But Gold is widely utilized compared to Bitcoin. Gold is also stable even though its price may fluctuate due to geopolitical factors and economic events whereas Bitcoin can be highly volatile.
Even though gold can be more reliable, this has been proven over and over. But I will always stand on the fact that Bitcoin has accessibility, portability, divisibilty advantages over Gold.
Which team do you fall into Digital Gold or Traditional Gold?
Bitcoin is barely 15 years old but has achieved great milestone. As for utility, I think that Gold will have advantage over Bitcoin because it is a commodity, while Bitcoin remains a digital Good. As on acquisition, i think that Bitcoin has a consistent acquisition mode, though prices is currently bullish, at $100k renge, but it can be acquire in fractions. I think my preference goes for Bitcoin.
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I was having an argument with my colleagues earlier about the possibility of Bitcoin surpassing Gold. I mean in utilization and acquisition.
Gold has been dominating the economy and markets for thousands of years as a means of exchange and holding wealth(even generational wealth). On the contrary, Bitcoin(which is now called digital gold) was launched in 2009 and has achieved widespread adoption and success. It has been growing rapidly ever since.
I am not against holding or buying bitcoin, infact i am an advocate for holding bitcoin for the next couple of years because it’s certain there will be a huge increase to about $200,000 or higher in the future. But Gold is widely utilized compared to Bitcoin. Gold is also stable even though its price may fluctuate due to geopolitical factors and economic events whereas Bitcoin can be highly volatile.
Even though gold can be more reliable, this has been proven over and over. But I will always stand on the fact that Bitcoin has accessibility, portability, divisibilty advantages over Gold.
Which team do you fall into Digital Gold or Traditional Gold?
Bitcoin is barely 15 years old but has achieved great milestone. As for utility, I think that Gold will have advantage over Bitcoin because it is a commodity, while Bitcoin remains a digital Good. As on acquisition, i think that Bitcoin has a consistent acquisition mode, though prices is currently bullish, at $100k renge, but it can be acquire in fractions. I think my preference goes for Bitcoin.
Bitcoin will really have is way to the top of gold if it given much time and patience, cause bitcoin is not a stable assets it changes price over sometime while Gold is wisely to be said as a stable asset, with time and endurance bitcoin can really surpass Gold with the unstable market price. But is still under circumstances that Bitcoin can surpass Gold cause the bull run is likely to stop at anytime but if the price rises much higher than we have almost little percentage that Bitcoin will surely surpass Gold. Bitcoin is really proving more valuable and more promoting with all these features I really have full confidence about bitcoin surpassing Gold in some years coming.
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$200k in a couple of years, seem a good plan to hold then.
As for utilisation, I think Gold beats Bitcoin. Bitcoin seem solely for finance asset while gold has demands for electronics which makes it useful for manufacturing devices.
However because our situation in finance deserves assistance from digital asset such as Bitcoin which I guess the economies of countries maybe reset with BTC Reserves.
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Maybe when it comes to the price of bitcoin, yes, there is a really big chance that it will surpass Gold, in fact it has already surpassed it, right? But there is no need to fight between the two because Bitcoin is also considered gold, albeit in a digital way, while the Gold that we know is ancient is also physical gold.
Besides that, they are both good to hold and make an investment in the long-term, in fact. That's just why in these situations, Bitcoin is more of a priority for most people.
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Well the truth bitcoin has actually surpassed gold quite a long time ago if you are viewing it in the context of price per units. Bitcoin is one of the world's most successful man made asset and it's rate of profitability over the last decade is actually mind blowing. Bitcoin and gold have a lot of differences ranging from gold being a physical and real asset compared to bitcoin that is actually a digital asset.
Unlike bitcoin gold is actually regulated by both the Banks, big firms and the government and that calls for how it's price is affected and maintained compared to it's overall supply.
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Which team do you fall into Digital Gold or Traditional Gold?
The digital gold i can go for is bitcoin, because its a digital currency and the current gold rush of this present time, yes, i can say it that i believe in the power or ability of bitcoin surpassing the utility of physical gold in many ways, when we look about all the bitcoin data right from its market cap, transactions volume per day, increase in adoption and many other related search like the address that hold asset and the ones that often make transaction on a daily basis, we could deduce the massive increase in the overall bitcoin index compared to other assets and just little more time we may needed to surpass gold in everything.
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I was having an argument with my colleagues earlier about the possibility of Bitcoin surpassing Gold. I mean in utilization and acquisition.
Gold has been dominating the economy and markets for thousands of years as a means of exchange and holding wealth(even generational wealth). On the contrary, Bitcoin(which is now called digital gold) was launched in 2009 and has achieved widespread adoption and success. It has been growing rapidly ever since.
I am not against holding or buying bitcoin, infact i am an advocate for holding bitcoin for the next couple of years because it’s certain there will be a huge increase to about $200,000 or higher in the future. But Gold is widely utilized compared to Bitcoin. Gold is also stable even though its price may fluctuate due to geopolitical factors and economic events whereas Bitcoin can be highly volatile.
Even though gold can be more reliable, this has been proven over and over. But I will always stand on the fact that Bitcoin has accessibility, portability, divisibilty advantages over Gold.
Which team do you fall into Digital Gold or Traditional Gold?
Count me into the team of digital gold but for an investor they should have players in both team. Because if one is stable and other in unstable then invest in stable asset to get stable income and take risk in unstable asset to make big profit.
Buying Gold is always a risky task but buying BTC is not because just like a British lady who bought fake gold from fellow country anyone can be scammed into buying fake gold. BTC is the future and risky too but in the long run it have more profit and stability too.
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BTC is cool but gold bro that stuff has more utilization. Many countries fight over gold in the old days men kill men for gold cause of the importance of it's effectiveness to Economical growth but I don't think any of these can happen with Bitcoin but maybe with the future ahead it may happen but for now I haven't sensed anything like that to happen.
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I am not against holding or buying bitcoin, infact i am an advocate for holding bitcoin for the next couple of years because it’s certain there will be a huge increase to about $200,000 or higher in the future. But Gold is widely utilized compared to Bitcoin. Gold is also stable even though its price may fluctuate due to geopolitical factors and economic events whereas Bitcoin can be highly volatile.
Even though gold can be more reliable, this has been proven over and over. But I will always stand on the fact that Bitcoin has accessibility, portability, divisibilty advantages over Gold.
Which team do you fall into Digital Gold or Traditional Gold?
BTC has its own usecase while Gold has its own, for example in most of the marriages in the middle east, bride is gifted with Gold not with BTC so, I don't know the number but I am pretty sure that in the middle east alone if we combine the type of money people invest just to give each other gift will surpass the amount they invest in BTC.
Which means Gold is more adopted in the region then the BTC but with time if they start giving their loves ones BTC as such gifts then obviously I would say BTC has more utilization, we can't pay directly with Gold but with BTC, countries have gold as their national reserve not BTC so a down side to BTC but not a big one, as it's a highly volatile asset and Gold is stable so Gold is a good choice but diversification in both can give good results to a national reserve.
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In my opinion, since gold is a commodity then there is no doubt it will dominate physically as a utility or an asset but these two were totally different and should not be compared. But regarding the question of utilization and acquisition gold is what majority of us were holding, Bitcoin on the other hand only few individuals have it. Majority of people are well informed about gold but not Bitcoin. So for the question, will it surpass? Well, I don't think so Bitcoin can only be used as currency and as an asset so in the long run gold will still has an edge.
Yes, I think that bitcoin is one of the best profitable crypto in cryptocurrency world. I also think that bitcoin is also very popular in all over the world. I also believe that gradually it’s popularity will spread in all over the world. But we also know that gold is already popular in all over the world. But we believe that gradually bitcoin price is running in best position in cryptocurrency market. So i think that within a short time bitcoin is also achieve best popularity in cryptocurrency world.
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Which team do you fall into Digital Gold or Traditional Gold?
As for me, there is actually NO POINT on debating on between the digital gold and the physical gold...both have their own uses. history and value. We can invest on both if we want to and in fact many are both into them as gold can be a good and safety haven and Bitcoin is a good speculative asset whose price will definitely go up. Gold has many traditional uses that Bitcoin do not have but the latter has gain a lot of attention lately as it shoot in value dramatically while we know that gold is on a snail-type of rise. There is more excitement therefore with Bitcoin compared to gold. Now, if have millions to invest I would choose 70% for Bitcoin and 30% for gold. In addition, I am looking forward to the time when Bitcoin will eventually overtake gold in terms of marketcap but this goal can take years and maybe more than a decade to accomplish and that is fine with all of us since Bitcoin is still so young just a teenager for now.
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Bitcoin and Gold only have some shared utilization, so it feels like comparing apples with oranges. I say "some shared utilization" since you can find people who accept Bitcoin as payment, while it's very difficult to find people who accept gold as payment. But on other hands, you can use physical gold as electronic component, jewelry and other physical utilization.
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As far as I'm concerned, they are both Gold, the only difference is that Bitcoin is digital Gold, and the other one is ancient enough to be considered and they are both good for long-term investment, and many are already doing this in this era, in fact.
Many whale investors are accumulating it and others who have gold holdings are transferring or exchanging it for bitcoin because of the bull run that bitcoin
will face for the upcoming 2025 next year.
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We see globally, Bitcoin adoption is still not possible for everyone in the world to own, especially since MSTR now has a lot of bitcoins which would be quite worrying if Bitcoin is adopted as widely as Gold is adopted... Gold has enough supply for users around the world, and remember, gold is more common than Bitcoin to represent wealth....
Indeed, if we consider its portability, Bitcoin is more portable, but Gold has a stronger belief than a lot of money... a liquid asset that even babies have known since childhood because of the massive children's films that see gold more often than Bitcoin.
For the future, can Bitcoin be adopted as widely as gold? sorry, I don't think so... because even digital gold is starting to become something that can be considered if the main problem is portability.
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I was having an argument with my colleagues earlier about the possibility of Bitcoin surpassing Gold. I mean in utilization and acquisition.
utilization? i do not think so but in value? potentially
i only say this because even though they can be both storage of value and bitcoin is used as a currency gold can be sometimes used as a mean of transaction too but their difference is that gold is something used to make various products in which something that bitcoin won't ever be able to be used for imagine saying a medal is made from bitcoin that doesnt make any sense does it
but bitcoin can catch up to bitcoins value maybe not now but we can see soon
Which team do you fall into Digital Gold or Traditional Gold?
if you can play for both teams always play for both teams in order to capitalize on both assets
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Gold has enough supply for users around the world, and remember, gold is more common than Bitcoin to represent wealth....
What does enough supply mean though? Are you suggesting that each person can own 1 kilogram of gold with no problem at all? Or is it 1 gram? Why not 10kg? Do people need to own 1 Bitcoin for Bitcoin supply to be considered good? Anyway, I don't think Bitcoin supply can move from concentrated ownership if enough people buy it. It's not like you need to pass some highly regulated, secret society or something to buy Bitcoin. The problem is usually the price and people's risk profile. CMIIW.
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As far as I'm concerned, they are both Gold, the only difference is that Bitcoin is digital Gold, and the other one is ancient enough to be considered and they are both good for long-term investment, and many are already doing this in this era, in fact.
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Yes, they only have different characteristics so they have their own disadvantages and advantages.
Gold may be a long-term investment in real form and if you look at the price now, those who bought 10 years ago will benefit if they sell now and the price does tend to be stable and continue to rise and gold can also be a "Safe Haven" asset because of its low volume.
Bitcoin is also a very profitable digital asset, but with high volume and rapid price fluctuations.
It is not a "Safe Haven" asset because the risk is greater than gold.
But Bitcoin has the transaction technology that is the future of decentralized transactions and is the most sought-after and widely used digital currency today, its price is also increasing and reaching an ATH of $100k in just 15 years.
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Which team do you fall into Digital Gold or Traditional Gold?
There was a discussion about this digital and traditional gold on another forum, a topic started by another user, and I like to sneak it in here since there is always the opportunity to share with everyone and get knowledge from everyone in this forum. Digital gold is not bitcoin, even though we like to refer to it as such. Tokenization of assets will create digital gold that will have the same value pegged to the traditional value of gold and not the value of bitcoin.
To the topic of this discussion, Bitcoin can surpass Gold in utilization.
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As far as I'm concerned, they are both Gold, the only difference is that Bitcoin is digital Gold, and the other one is ancient enough to be considered and they are both good for long-term investment, and many are already doing this in this era, in fact.
Many whale investors are accumulating it and others who have gold holdings are transferring or exchanging it for bitcoin because of the bull run that bitcoin
will face for the upcoming 2025 next year.
Digital Gold is just a concept to help traditional investors easily approach BTC as a new asset class. BTC has more value than that, especially in terms of the ideology of a global financial revolution.
Gold is valuable in electronics and jewelry but these demands are very small compared to the demand for accumulation and hedging. BTC is similar: it can be used for payments but is currently often seen as a new asset class with the potential for very rapid price increases. If BTC is accepted as a reserve asset by governments, we may see BTC become extremely valuable and no longer suitable for its original payment function.
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Doesnt Michael Saylor say that Bitcoin will overtake Gold in the near future and indeed when governments start opting for it over Gold and further start swapping Gold for it we will see Bitcoin surpass Gold.
It could end up being like an avalanche where Gold collapses
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Which team do you fall into Digital Gold or Traditional Gold?
There was a discussion about this digital and traditional gold on another forum, a topic started by another user, and I like to sneak it in here since there is always the opportunity to share with everyone and get knowledge from everyone in this forum. Digital gold is not bitcoin, even though we like to refer to it as such. Tokenization of assets will create digital gold that will have the same value pegged to the traditional value of gold and not the value of bitcoin.
To the topic of this discussion, Bitcoin can surpass Gold in utilization.
You are right bitcoin is not digital gold, people just like to call it that because the price of bitcoin is high and it is getting more expensive and more popular.
many big companies and rich people are starting to invest in bitcpoin, this is what makes bitcoin worthy to compete with gold in the future.
I also predict everything will be digital in time and people will leave traditional gold.
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I will start by saying that if you can hold the two assets, then you should. Gold and BTC have their differences, gold is stable and is a store of value, though it does not give returns as high as BTC does. BTC is volatile but can be a store of value if you store it for the long term, i like the two assets, though if i was to pick between them, i will go for BTC.
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We see globally, Bitcoin adoption is still not possible for everyone in the world to own, especially since MSTR now has a lot of bitcoins which would be quite worrying if Bitcoin is adopted as widely as Gold is adopted... Gold has enough supply for users around the world, and remember, gold is more common than Bitcoin to represent wealth....
Yes, even when looking at the comparison of gold and Bitcoin in the global market cap, the difference between Gold and Bitcoin is still very far. Even if you want to approach or surpass, it may still take a very long time, with mass adoption throughout the world, and also accepted in all levels of society and countries, as happened with gold. That's why Bitcoin still needs a lot of time to be at that stage.
However, it is undeniable that the development of Bitcoin is very fast, even so far the increase is very significant. Currently, Bitcoin's position is in the 7th rank. Yes, even though the market cap is still very different from Gold, but at least we see that Bitcoin's development is also very significant so far.
https://companiesmarketcap.com/assets-by-market-cap/
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I will start by saying that if you can hold the two assets, then you should. Gold and BTC have their differences, gold is stable and is a store of value, though it does not give returns as high as BTC does. BTC is volatile but can be a store of value if you store it for the long term, i like the two assets, though if i was to pick between them, i will go for BTC.
I prefer to store my assets in bitcoin with some considerations as you mentioned, gold is indeed more stable but cannot provide large profits while bitcoin is more volatile but can provide high profits. Isn't the purpose of investing not only to store safely but also to get profit, that's why I prefer to store in bitcoin rather than gold.
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Digital gold no doubt. 8)
The market cap of gold is high but I am believing that BTC's market cap will soon reach as high as gold and then will be higher than that. As for utilization and use case, we can already see the usage of it being more used as an asset and not a currency but that is still a utility that we all love and have been doing for so long.
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I was having an argument with my colleagues earlier about the possibility of Bitcoin surpassing Gold. I mean in utilization and acquisition.
Gold has been dominating the economy and markets for thousands of years as a means of exchange and holding wealth(even generational wealth). On the contrary, Bitcoin(which is now called digital gold) was launched in 2009 and has achieved widespread adoption and success. It has been growing rapidly ever since.
I am not against holding or buying bitcoin, infact i am an advocate for holding bitcoin for the next couple of years because it’s certain there will be a huge increase to about $200,000 or higher in the future. But Gold is widely utilized compared to Bitcoin. Gold is also stable even though its price may fluctuate due to geopolitical factors and economic events whereas Bitcoin can be highly volatile.
Even though gold can be more reliable, this has been proven over and over. But I will always stand on the fact that Bitcoin has accessibility, portability, divisibilty advantages over Gold.
Which team do you fall into Digital Gold or Traditional Gold?
I also agree with you because Bitcoin has already reached its peak, on the other hand, people are not comfortable buying gold. When comparing gold and Bitcoin, I think it is better to buy Bitcoin because if you do not buy gold bars, you will not be able to profit from gold. If you make jewelry, your jewelry often deteriorates. On the other hand, there is no deterioration in the BAD coin, it is slowly rising. And Bitcoin will reach its peak at some point. You have to look at Bitcoin from the beginning to the end and analyze it to see how Bitcoin is improving. So I think it is better to buy Bitcoin than gold.
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I will start by saying that if you can hold the two assets, then you should. Gold and BTC have their differences, gold is stable and is a store of value, though it does not give returns as high as BTC does. BTC is volatile but can be a store of value if you store it for the long term, i like the two assets, though if i was to pick between them, i will go for BTC.
I prefer to store my assets in bitcoin with some considerations as you mentioned, gold is indeed more stable but cannot provide large profits while bitcoin is more volatile but can provide high profits. Isn't the purpose of investing not only to store safely but also to get profit, that's why I prefer to store in bitcoin rather than gold.
It is right to choose bitcoin as the main asset as many of you focus more on the long term result and the effect it can have on your earnings. With high volatility on Bitcoin, there are great opportunities but also great risks involved. On the other hand gold continues to be recommended for those who want to be safe from value fluctuations on their investments. Naturally, our decision will be coloured by our objectives and appetite for risk.
But, only if we are able to control the risk, we stay consistent with the made plan, bitcoin can become a good investment source. The most critical strategy is to continue to stay investment ready and perform timely market scans to ensure that our portfolio remains balanced and the decisions we are making are made based on mature information.
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Isn't the purpose of investing not only to store safely but also to get profit, that's why I prefer to store in bitcoin rather than gold.
Gold can also give you return, just not as much as BTC, but it is a safer investment, what we call 'safe haven', BTC is also safe and i also think that in the long run it is a store of value, but it is very volatile. It is common to see older people storing their wealth in gold than in BTC, because of its stability and longevity.
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Bitcoin will eventually top all other currency and assets of investments with time, because right from what we are seeing already, its performance now is showing more for this in the future, if we can achieve to this far within the few years, also indicates that the coming years will be more productive than we already have, people are getting to know understand why bitcoin should be their most preferred currency and asset.
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Bitcoin will eventually top all other currency and assets of investments with time, because right from what we are seeing already, its performance now is showing more for this in the future, if we can achieve to this far within the few years, also indicates that the coming years will be more productive than we already have, people are getting to know understand why bitcoin should be their most preferred currency and asset.
Nowadays people already know how valuable bitcoin is as an investment tool because this crypto currency can give us financial freedom and bitcpoin hedges so that our assets are not affected by inflation.
what needs to be understood is just buy at the right time bearish season and hold long term if you want to get maximum results.
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For me personally, the utility of Bitcoin is simpler and easier to use than gold, this is just according to my experience. And I will share my friend's real experience using Bitcoin as a gift from her boyfriend abroad.
My friend is female, she has a Spanish boyfriend (different country). When her boyfriend visits our place, he always uses his Binance account for transactions with my female friend, sometimes using USDT and sometimes using Bitcoin.
Her boyfriend said it was simple and easy to use Bitcoin, even wherever I can use Bitcoin for payments by selling it and exchanging it for Fiat such as USDT etc., and then withdrawing it to local Bank .
* I censor the name, place and location because this is the privacy of my female friend and her boyfriend from Spain.
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Maybe when it comes to the price of bitcoin, yes, there is a really big chance that it will surpass Gold, in fact it has already surpassed it, right? But there is no need to fight between the two because Bitcoin is also considered gold, albeit in a digital way, while the Gold that we know is ancient is also physical gold.
Besides that, they are both good to hold and make an investment in the long-term, in fact. That's just why in these situations, Bitcoin is more of a priority for most people.
I think you are right, Bitcoin seems to be of more priority for many investors than gold, though gold is a commodity from ancient time and grow gradually. Bitcoin is considered as a digital gold and has the capacity to grow faster. in fact, It is just about sixteen years old, and has become the fastest growing investments options in recent time.
In my opinion, Bitcoin will most likely exceed gold in terms of utility in near future.
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I think you are right, Bitcoin seems to be of more priority for many investors than gold, though gold is a commodity from ancient time and grow gradually. Bitcoin is considered as a digital gold and has the capacity to grow faster. in fact, It is just about sixteen years old, and has become the fastest growing investments options in recent time.
In my opinion, Bitcoin will most likely exceed gold in terms of utility in near future.
Gold is the traditional way.
BTC is the new way, an alternative. The one that has much more utility to it. And grows in value exponentially.
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Although the link between cash and USD has been severed, we still use cash and gold has not been abolished, so Bitcoin can be used without the need to abolish gold, etc. If Bitcoin succeeds, we will have a system that includes cash, gold and Bitcoin.
The short answer is yes, but there is no connection between them.
I wonder when this comparison will end, just as we have always been debunking the attempt to put Bitcoin and gold against each other for some time now in most discussion forums, bitcoin has a clear road map, which is to provide a decentralized alternative to the traditional assets and currency.
Gold could be dominant, yes, but that doesn't stop bitcoin from being the digital alternative to the physical gold, so let's leave both at what they are right now.
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I think that this argument between Gold vs. Bitcoin will definitely continue for longer time in the future simply because Bitcoin has been able to prove many doubting Thomas wrong on their claimed few years ago.
There are people who, through several social networks and news channels condemned Bitcoin, unfortunately, their claims failed, and it has become the most investments options and opportunity for many investors.
Now, Bitcoin has become the most talked about technology more than gold. Hopefully, this discussion shall continue for very long time.
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I wonder when this comparison will end, just as we have always been debunking the attempt to put Bitcoin and gold against each other for some time now in most discussion forums, bitcoin has a clear road map, which is to provide a decentralized alternative to the traditional assets and currency.
Gold could be dominant, yes, but that doesn't stop bitcoin from being the digital alternative to the physical gold, so let's leave both at what they are right now.
Both have different characteristics and have their own advantages and disadvantages, so to compare Apple to Apple will not be possible.
Indeed, there are quite a lot of debates like this, but the answer is still the same, the two cannot be compared in parallel because they have some differences that cannot be compared.
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I wonder when this comparison will end, just as we have always been debunking the attempt to put Bitcoin and gold against each other for some time now in most discussion forums, bitcoin has a clear road map, which is to provide a decentralized alternative to the traditional assets and currency.
Gold could be dominant, yes, but that doesn't stop bitcoin from being the digital alternative to the physical gold, so let's leave both at what they are right now.
Both have different characteristics and have their own advantages and disadvantages, so to compare Apple to Apple will not be possible.
Indeed, there are quite a lot of debates like this, but the answer is still the same, the two cannot be compared in parallel because they have some differences that cannot be compared.
Actually, bitcoin and gold have their own advantages for investment. This depends on the thoughts and desires of the owner of the funds to be invested. Investing in bitcoin is more profitable while investing in gold tends to be more stable, not as volatile as bitcoin.
The older generation still believes in gold, while the younger generation is starting to switch to bitcoin.
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Isn't the purpose of investing not only to store safely but also to get profit, that's why I prefer to store in bitcoin rather than gold.
Gold can also give you return, just not as much as BTC, but it is a safer investment, what we call 'safe haven', BTC is also safe and i also think that in the long run it is a store of value, but it is very volatile. It is common to see older people storing their wealth in gold than in BTC, because of its stability and longevity.
Indeed, Gold also gives us returns, but not as big as Bitcoin. But on the other hand, the risk of investing in gold is also much lower than Bitcoin. The increase and decrease in the price of Gold are not far enough, especially the decrease. Usually from year to year, gold will regularly experience an increase. Not only that, gold has several real use cases and this has become something that has always been one of the symbols of glory when having a lot of gold. yes that's what applies in the general public.
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I was having an argument with my colleagues earlier about the possibility of Bitcoin surpassing Gold. I mean in utilization and acquisition.
Gold has been dominating the economy and markets for thousands of years as a means of exchange and holding wealth(even generational wealth). On the contrary, Bitcoin(which is now called digital gold) was launched in 2009 and has achieved widespread adoption and success. It has been growing rapidly ever since.
I am not against holding or buying bitcoin, infact i am an advocate for holding bitcoin for the next couple of years because it’s certain there will be a huge increase to about $200,000 or higher in the future. But Gold is widely utilized compared to Bitcoin. Gold is also stable even though its price may fluctuate due to geopolitical factors and economic events whereas Bitcoin can be highly volatile.
Even though gold can be more reliable, this has been proven over and over. But I will always stand on the fact that Bitcoin has accessibility, portability, divisibilty advantages over Gold.
Which team do you fall into Digital Gold or Traditional Gold?
Gold is generally accepted everywhere and that is its greater advantage over bitcoin but you see, bitcoin in the form of a digital make it really easy for everyone to make use of rather than holding a solid piece of metal which with monetary value. And if you don't have a good storage system you could end up losing your gold to the hands of burglar. Bitcoin is a currency for everyone just as gold is, and I believe it will rise above $200k in the future the only reason its where it is today is because most governments are still fighting it whereas there are many persons who would love to be enthusiastic about it but are restricted because of their government policies. Fuck the governments.
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Actually, bitcoin and gold have their own advantages for investment. This depends on the thoughts and desires of the owner of the funds to be invested. Investing in bitcoin is more profitable while investing in gold tends to be more stable, not as volatile as bitcoin.
The older generation still believes in gold, while the younger generation is starting to switch to bitcoin.
I invested in both, Bitcoin and gold gave me quite good returns.
In the last 7 years I bought gold for my wife and then in the 7th year I started selling the gold and got a profit of about 170%,
quite good and a steady increase.
Bitcoin also provided a tremendous profit when I started buying at $50k
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I invested in both, Bitcoin and gold gave me quite good returns.
In the last 7 years I bought gold for my wife and then in the 7th year I started selling the gold and got a profit of about 170%,
quite good and a steady increase.
Bitcoin also provided a tremendous profit when I started buying at $50k
Everybody got their share from investing even a year ago in BTC.
That's why we need to do the same now and see the price of 150k or 200k and more in no time, some years or so.
We can't know for sure when said price would be achieved, but it will happen, the question is when, not if.
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Actually, bitcoin and gold have their own advantages for investment. This depends on the thoughts and desires of the owner of the funds to be invested. Investing in bitcoin is more profitable while investing in gold tends to be more stable, not as volatile as bitcoin.
The older generation still believes in gold, while the younger generation is starting to switch to bitcoin.
I invested in both, Bitcoin and gold gave me quite good returns.
In the last 7 years I bought gold for my wife and then in the 7th year I started selling the gold and got a profit of about 170%,
quite good and a steady increase.
Bitcoin also provided a tremendous profit when I started buying at $50k
Your wife is very lucky to have a husband who is very intelligent and understands very well how to properly sell assets like this. Not many people understand the science of trading like this. As long as we have a very high curiosity and want to try something new, we will get good results like you have been doing for years until now. Keep these two assets well because the price still has the potential to be more expensive than it is now.
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Your wife is very lucky to have a husband who is very intelligent and understands very well how to properly sell assets like this. Not many people understand the science of trading like this. As long as we have a very high curiosity and want to try something new, we will get good results like you have been doing for years until now. Keep these two assets well because the price still has the potential to be more expensive than it is now.
I've been thinking about it for a long time, when Bitcoin touched the price of $20k which became a revival for me also with my Bitcoin investment and some of the altcoins I held
Start holding physical assets like gold for comparison and two different types of investments but both can make good profits.
The $100k Bitcoin target has also been achieved and I took some profits in the ATH because it is already the main target.
for gold alone I still hold some and some are sold for a profit and also the same as Bitcoin,
but now start buying back when the price of Bitcoin drops quite drastically.
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Gold is generally accepted everywhere and that is its greater advantage over bitcoin but you see, bitcoin in the form of a digital make it really easy for everyone to make use of rather than holding a solid piece of metal which with monetary value. And if you don't have a good storage system you could end up losing your gold to the hands of burglar. Bitcoin is a currency for everyone just as gold is, and I believe it will rise above $200k in the future the only reason its where it is today is because most governments are still fighting it whereas there are many persons who would love to be enthusiastic about it but are restricted because of their government policies. Fuck the governments.
If you look at the number of people that are having Gold and people that are having Bitcoin, the math correlation is very small with Bitcoin. If indeed people that are holding Gold today decide to buy same amount of Bitcoin, believe me Bitcoin price will break the internet, there is going to be scarcity we have not seen before in crypto space.
There are people that pretend to have nothing but possess gold on there hands, if such people decide to go under the ground to buy same amount of Gold, and then decide not to let people knows about their Gold, it will make demand increase and less supply.
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Gold is generally accepted everywhere and that is its greater advantage over bitcoin but you see, bitcoin in the form of a digital make it really easy for everyone to make use of rather than holding a solid piece of metal which with monetary value. And if you don't have a good storage system you could end up losing your gold to the hands of burglar. Bitcoin is a currency for everyone just as gold is, and I believe it will rise above $200k in the future the only reason its where it is today is because most governments are still fighting it whereas there are many persons who would love to be enthusiastic about it but are restricted because of their government policies. Fuck the governments.
If you look at the number of people that are having Gold and people that are having Bitcoin, the math correlation is very small with Bitcoin. If indeed people that are holding Gold today decide to buy same amount of Bitcoin, believe me Bitcoin price will break the internet, there is going to be scarcity we have not seen before in crypto space.
There are people that pretend to have nothing but possess gold on there hands, if such people decide to go under the ground to buy same amount of Gold, and then decide not to let people knows about their Gold, it will make demand increase and less supply.
If many gold holders shifted their wealth into bitcoin, the price could skyrocket due to limited supply. However bitcoin and gold attract different types of investors so this shift isn't guaranteed. Gold has been a trusted store of value for centuries while bitcoin is still gaining mainstream adoption. Watching how big investors move their money will be key to bitcoin's future growth.
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If many gold holders shifted their wealth into bitcoin, the price could skyrocket due to limited supply. However bitcoin and gold attract different types of investors so this shift isn't guaranteed. Gold has been a trusted store of value for centuries while bitcoin is still gaining mainstream adoption. Watching how big investors move their money will be key to bitcoin's future growth.
Gold fans switching to bitcoin could send its price through the roof since there's only so much bitcoin out there. But gold's old-school reliability pulls different folks that bitcoin's fresh vibe so its is not a done deal. Big money moves will spill the beans on bitcoin's next big leap.