Gold and Bitcoin

[dekafee79]

Because Bitcoin is more different from Gold and in terms of profit potential, Bitcoin can be profitable faster on a larger scale than Gold, which tends to have little profit. Bitcoin is chosen by many people who know it well enough for the reason that it is in very limited supply so there is an expectation of having a greater potential for a price increase when there are lots of people who own it and hold it for a long time.

While Gold is not like that because Gold is still very much in this world even though those who have it are also not small. But when the gold content is still in the ground and can still be mined by residents in every country, then the price of gold will not increase as sharply as ever happened to Bitcoin. So it's certainly very different and I think you've also picked up on that with some insight from other writers on the internet.

Investing in bitcoin is more profitable than gold, because the supply of bitcoin is limited and currently many people are interested in investing. Gold is preferred by the older generation, while the younger generation prefers to invest in bitcoin and altcoins. This is the reality that is happening right now.

[philipma1957]

Because Bitcoin is more different from Gold and in terms of profit potential, Bitcoin can be profitable faster on a larger scale than Gold, which tends to have little profit. Bitcoin is chosen by many people who know it well enough for the reason that it is in very limited supply so there is an expectation of having a greater potential for a price increase when there are lots of people who own it and hold it for a long time.

While Gold is not like that because Gold is still very much in this world even though those who have it are also not small. But when the gold content is still in the ground and can still be mined by residents in every country, then the price of gold will not increase as sharply as ever happened to Bitcoin. So it's certainly very different and I think you've also picked up on that with some insight from other writers on the internet.

Investing in bitcoin is more profitable than gold, because the supply of bitcoin is limited and currently many people are interested in investing. Gold is preferred by the older generation, while the younger generation prefers to invest in bitcoin and altcoins. This is the reality that is happening right now.

2021 btc over 67k 
2024 btc under 67k right now as I type  it is 66.1k

so If you purchased at 2021 BTC ATH you are a loser. As of today.

2021 gold 2005
2024 gold 2345 right now as I type it is 2345 and if you purchased gold at its 2021 high you are a winner as I type

So gold has had better action from its 2021 ath than btc.

btc did better from its 2022 ath than gold did.
btc did better from its 2023 ath than gold did.

the point is sometimes gold is the better play 1 of the last three years it was better.

[sampoerna]

If you mention gold in a public space, I believe that 100% of people in that place will actually know what gold is, and they know that gold is a valuable asset that can be traded for real money, but if you mention bitcoin in the same public space, only about 80% of people or less will know what bitcoin really is. Some of those people may have heard about Bitcoin but may not have the proper knowledge about Bitcoin.

Exactly. All people know Gold since it is already a part of human life, especially for women. Gold is a precious thing, it is not only for investment but Gold is women's jewelry and their life style. Since Gold is a very familiar stuff, no doubt everyone knows it around the world. It is not surprising because people already know Gold before the century.



https://onlygold.com/facts-statistics/history-of-gold/

Meanwhile Bitcoin was just discovered in 2009 by Satoshi Nakamoto. Bitcoin is also digital currency that is probably not accessible by everyone. Those people who live in the villages rarely explore the internet and don't follow the trend, they may not know Bitcoin at all. Even some people who ever heard Bitcoin, they may not explore it and don't understand it. According to this fact, we can understand if there are still many people who don't know Bitcoin.

https://en.wikipedia.org/wiki/History_of_bitcoin

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?

Since both of them are valuable things, why don't to invest in both? I personally invest in Gold and Bitcoin, each of them has its own advantage.

I invest in Gold because Gold value looks quite stable. Its price can increase quite consistently and its value isn't influenced much by the change of world's economic situation. It is important to ensure that we have our wealth in a stable thing for the future life.

I also invest in Bitcoin because it offers the potential of huge profits. As far as I know, Bitcoin enables us to get profits more than hundred percentages if we hold them for a long time. Just compare the ATH of Bitcoin every 4 years, there is a big gap between the ATH. So, it is very promising to invest in Bitcoin because we may get big profits. Although it is a high risk to invest in Bitcoin, but it looks quite consistent to create a new ATH every 4 years. So if we know how Bitcoin investment works, we don't need to be worried investing in Bitcoin.

Bitcoin ATH in each 4 years
- https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp

[bitterguy28]

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?

Many people consider BTC a safe heaven, like gold.
That's why they call BTC "digital gold".

A safe heaven is an asset that saves you when the economy and the financial markets collapse.





If BTC behaves like Nasdaq it's not a safe heaven.
BTC is not digital gold.

You can say all you want , you can define how you wanted but if you are not a Bitcoin supporter then now I believe that you are saying here.

for me Safe haven means something that can save me not only in economic and financial downturn but instead in the future .

Bitcoin is my safe haven not this year or the next but for the next 10-20 years , lets talk again when we get there but for now I believe have seen your stand already ..

Respecting your views but I will choose Bitcoin still against Gold.

[philipma1957]

myself I do silver, bonds, and btc. I am all inclusive.

[kulkhan]

If you mention gold in a public space, I believe that 100% of people in that place will actually know what gold is, and they know that gold is a valuable asset that can be traded for real money, but if you mention bitcoin in the same public space, only about 80% of people or less will know what bitcoin really is. Some of those people may have heard about Bitcoin but may not have the proper knowledge about Bitcoin.

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.

Many people many way. But here gold vs Bitcoin. I think Bitcoin is best Because Gold price movement is very slow on the other hand Bitcoin price movement is huge some times. If we saw previous 10 years history Gold price increase maximum 2x4x but in this previous 10 years Bitcoin price increased minimum 10x to 15x. So I think Bitcoin is best.

[bitterguy28]

If you mention gold in a public space, I believe that 100% of people in that place will actually know what gold is, and they know that gold is a valuable asset that can be traded for real money,

Gold is in existence even before our grand grand father was born so  there is no doubt that only mentally illed person that will show no knowledge of Gold.
but that is unfair to compare bitcoin since it existence is just over a decade.
[/quote]
but if you mention bitcoin in the same public space, only about 80% of people or less will know what bitcoin really is. Some of those people may have heard about Bitcoin but may not have the proper knowledge about Bitcoin.

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.
[/quote]
lol , 80%? not sure if that exist in my country, I believe there is only 30-50% of them knows bitcoin and majority of them knows bitcoin as a scam thing and not legitimate.

[DrBeer]

If you mention gold in a public space, I believe that 100% of people in that place will actually know what gold is, and they know that gold is a valuable asset that can be traded for real money, but if you mention bitcoin in the same public space, only about 80% of people or less will know what bitcoin really is. Some of those people may have heard about Bitcoin but may not have the proper knowledge about Bitcoin.

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.

Many people many way. But here gold vs Bitcoin. I think Bitcoin is best Because Gold price movement is very slow on the other hand Bitcoin price movement is huge some times. If we saw previous 10 years history Gold price increase maximum 2x4x but in this previous 10 years Bitcoin price increased minimum 10x to 15x. So I think Bitcoin is best.

What can you tell those investors who bought Bitcoin at 70.000 dollars, not so long ago, and now are seeing the dynamics at 60.000 and unclear prospects ?
Or those who at the last peak at the end of 2021 bought at 60.000 and then saw it fall to 18.000....
Gold, so far, has a fairly stable trend. And in today's world situation, that stability will increase.

That said - no, I'm not in favor of gold - I'm in favor of diversification always

[bisdak40]

In my opinion, a lot of people don't know about crypto because of its complexity so for me if I want to play it safe I would invest in gold. Still, after I understand the world of crypto and bitcoin and how the market works then I would invest in it because there is a high return. If we are stepping on investing we must study to gain knowledge about how it works so that we can make the most of our investment.

[debra]

I think Bitcoin is best Because Gold price movement is very slow on the other hand Bitcoin price movement is huge some times. If we saw previous 10 years history Gold price increase maximum 2x4x but in this previous 10 years Bitcoin price increased minimum 10x to 15x. So I think Bitcoin is best.

It is true that Bitcoin price can increase faster than Gold price. But Bitcoin price also can drop faster, the price will decrease drastically when the bullrun season ends. It is different with Gold, the price will be relatively quite stable, it never dropped so much. Even there is a decrease in Gold price, it is still quite reasonable. It means Bitcoin price fluctuates more drastically than Gold. If people who tend to choose a more stable asset, they must choose Gold. But if people want to have an asset that may increase high in 3-4 years, they surely choose Bitcoin. Bitcoin is good but it has a high risk, we must know this very well.

[0t3p0t]

myself I do silver, bonds, and btc. I am all inclusive.

Yeah silver is undervalued by some compared to gold especailly here in my place as they are more bullish on gold versus the silver and I think only few here knows Bitcoin so it would be a win/win for gold as I sold all my silver coin collections as well after we got hit by a super typhoon so I can by our needs and buy a new phone to continue my journey as a crypto enthusiast.

[DrBeer]

myself I do silver, bonds, and btc. I am all inclusive.

If not a secret - precious metals (silver/gold) - in the form of bank bullion, or in the form of other assets, such as investment coins or carriers in the form of numismatic assets. I have for example one of the directions, and hobby at the same time, is numismatics, and the main segment is ancient world/medieval, silver and gold coins.  And one of the pluses is that in 10+ years, I haven't noticed a drop in their price, but I do see a regular increase in price. I should add - these investments are not “fast”, i.e. good growth of their value occurs, on average, in 3-5 years.

[bisdak40]

It depends on the person what he/she prefers to invest. Gold is known to be a more stable and reliable asset while Bitcoin on the other hand Bitcoin has a potential for big return but it is risky because the market is not stable. so if you want to risk to earn big you go for bitcoin but if you want a safe and stable investment go for gold.

[0t3p0t]

It depends on the person what he/she prefers to invest. Gold is known to be a more stable and reliable asset while Bitcoin on the other hand Bitcoin has a potential for big return but it is risky because the market is not stable. so if you want to risk to earn big you go for bitcoin but if you want a safe and stable investment go for gold.

Well that is a simple yet precise choice whether we decide do invest on different assets or invest on both but yeah some prefer to diversify so they chose both while others prefer Bitcoin alone in the hope of making huge profits in short period of time and or they just wanted to have a decentralized asset though others prefer gold for stability less stress long term investment but for me personally I prefer to have both if I had the capability but if I had a tight budget I definitely choose Bitcoin for some reason.

[salad daging]

It depends on the person what he/she prefers to invest. Gold is known to be a more stable and reliable asset while Bitcoin on the other hand Bitcoin has a potential for big return but it is risky because the market is not stable. so if you want to risk to earn big you go for bitcoin but if you want a safe and stable investment go for gold.

Well that is a simple yet precise choice whether we decide do invest on different assets or invest on both but yeah some prefer to diversify so they chose both while others prefer Bitcoin alone in the hope of making huge profits in short period of time and or they just wanted to have a decentralized asset though others prefer gold for stability less stress long term investment but for me personally I prefer to have both if I had the capability but if I had a tight budget I definitely choose Bitcoin for some reason.

Yeah it would be better to take both investments rather than putting only one basket.

Diversification is better right? This is one example of a good investment when you experience losses in bitcoin due to volatile markets there is still stable gold to maintain your assets.

Bitcoin is indeed profitable in the long run but you have to know how the market works that there is always a sense of panic when the market crashes even though in the end believe bitcoin will recover again.