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Poll

Which assets will you choose to accumulate:

Bitcoin (BTC)
31 (93.9%)
Gold
2 (6.1%)

Total Members Voted: 33

Author Topic: Has BTC really become more attractive than gold?  (Read 21446 times)

Offline Wiseman

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Re: Has BTC really become more attractive than gold?
« Reply #120 on: May 12, 2024, 08:25:28 AM »
If anyone didn’t know, in the last month all over the world, all the largest investment funds and banks have planned to buy Bitcoin for different amounts; some of them are already starting to buy, well, in the future. More precisely, this year, banks and funds are planning to buy Bitcoin for unrealistically huge amounts of money.
It's very good if big banks buy bitcoin because this will have a good impact on the price of bitcoin. As long as after buying, you don't take any action that dumps the bitcoin price, for example by selling the bitcoin price.

Of course, this is very good news, because if large banks buy cryptocurrency, including Bitcoin, then all cryptocurrency will rise in price, plus there was recently a Bitcoin halving and miners who are engaged in large-scale mining of Bitcoin will buy it in order to raise the price in order for them it was profitable to mine it.
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Re: Has BTC really become more attractive than gold?
« Reply #120 on: May 12, 2024, 08:25:28 AM »

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Offline $crypto$

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Re: Has BTC really become more attractive than gold?
« Reply #121 on: May 12, 2024, 02:35:36 PM »
Of course, this is very good news, because if large banks buy cryptocurrency, including Bitcoin, then all cryptocurrency will rise in price, plus there was recently a Bitcoin halving and miners who are engaged in large-scale mining of Bitcoin will buy it in order to raise the price in order for them it was profitable to mine it.
When demand increases, it will affect the price of bitcoin which can rise and clearly this is good news for us, especially for people who have held bitcoin for a long time, because it is very likely that holders can make more profit than what we feel now .

For us, we will be happy when many people start paying attention to bitcoin, especially those who are investors who have large amounts of capital, because that will influence price movements.

Offline Mr. Magkaisa

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Re: Has BTC really become more attractive than gold?
« Reply #122 on: May 12, 2024, 07:01:49 PM »
If anyone didn’t know, in the last month all over the world, all the largest investment funds and banks have planned to buy Bitcoin for different amounts; some of them are already starting to buy, well, in the future. More precisely, this year, banks and funds are planning to buy Bitcoin for unrealistically huge amounts of money.
It's very good if big banks buy bitcoin because this will have a good impact on the price of bitcoin. As long as after buying, you don't take any action that dumps the bitcoin price, for example by selling the bitcoin price.

          -   It is really better to buy Bitcoin compared to gold, as far as I know other gold investors have moved their funds to Bitcoin first because they know there is a bull run coming this year to next year.

And for sure the other gold investors will hear that they are going back to the bear market, they will sell their bitcoin and they will go back to gold again because the price of Bitcoin is going back to the downtrend.

Offline Wiseman

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Re: Has BTC really become more attractive than gold?
« Reply #123 on: May 13, 2024, 08:13:21 AM »
Of course, this is very good news, because if large banks buy cryptocurrency, including Bitcoin, then all cryptocurrency will rise in price, plus there was recently a Bitcoin halving and miners who are engaged in large-scale mining of Bitcoin will buy it in order to raise the price in order for them it was profitable to mine it.
When demand increases, it will affect the price of bitcoin which can rise and clearly this is good news for us, especially for people who have held bitcoin for a long time, because it is very likely that holders can make more profit than what we feel now .

For us, we will be happy when many people start paying attention to bitcoin, especially those who are investors who have large amounts of capital, because that will influence price movements.

Of course, this news is very good and naturally it will have a very good effect on the price increase and this is very good. Not only for those who hold Bitcoin for a very long time. But also for those who just want to buy it. By simply doing analytics, people can now understand that now it is also very good. time to buy Bitcoin and hold it.
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Re: Has BTC really become more attractive than gold?
« Reply #124 on: May 13, 2024, 08:37:50 AM »
If anyone didn’t know, in the last month all over the world, all the largest investment funds and banks have planned to buy Bitcoin for different amounts; some of them are already starting to buy, well, in the future. More precisely, this year, banks and funds are planning to buy Bitcoin for unrealistically huge amounts of money.
It's very good if big banks buy bitcoin because this will have a good impact on the price of bitcoin. As long as after buying, you don't take any action that dumps the bitcoin price, for example by selling the bitcoin price.

Of course, this is very good news, because if large banks buy cryptocurrency, including Bitcoin, then all cryptocurrency will rise in price, plus there was recently a Bitcoin halving and miners who are engaged in large-scale mining of Bitcoin will buy it in order to raise the price in order for them it was profitable to mine it.
Currently, without us realizing it, the number of wallets that store bitcoin continues to increase quite rapidly. And indeed many institutions are getting into bitcoin. Especially after the Bitcoin ETF was approved. Without us realizing it, the world's big companies also continue to accumulate more than we thought. And this is indeed good news in the growth of bitcoin adoption. And with this perhaps the price of bitcoin will not fall further except in the bear market that will come after the bullrun.

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Re: Has BTC really become more attractive than gold?
« Reply #125 on: May 13, 2024, 10:52:38 AM »
Similar to me and my friends: Our grandparents and parents all love to accumulate gold, but we no longer buy gold as a way to reserve wealth. We choose crypto, especially BTC to accumulate because it is simpler, more convenient to buy with smaller amounts, and has much higher profits than gold. We seem to have left gold behind as a part of the past.

In other words you live neither in Vietnam nor in China






..................





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Re: Has BTC really become more attractive than gold?
« Reply #126 on: May 13, 2024, 05:06:48 PM »
If anyone didn’t know, in the last month all over the world, all the largest investment funds and banks have planned to buy Bitcoin for different amounts; some of them are already starting to buy, well, in the future. More precisely, this year, banks and funds are planning to buy Bitcoin for unrealistically huge amounts of money.
It's very good if big banks buy bitcoin because this will have a good impact on the price of bitcoin. As long as after buying, you don't take any action that dumps the bitcoin price, for example by selling the bitcoin price.

Of course, this is very good news, because if large banks buy cryptocurrency, including Bitcoin, then all cryptocurrency will rise in price, plus there was recently a Bitcoin halving and miners who are engaged in large-scale mining of Bitcoin will buy it in order to raise the price in order for them it was profitable to mine it.
It will help bitcoin price to soar high but it is not the right way to the way bitcoin was designed, and that will be against decentralization. I feel that the main purpose why bitcoin is becoming popular and the value is increasing is because of its decentralized nature and scalability. Big banks buying bitcoin shows that they are using bitcoin as their reserve funds to save their fiat currency from inflation.

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Re: Has BTC really become more attractive than gold?
« Reply #126 on: May 13, 2024, 05:06:48 PM »


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Re: Has BTC really become more attractive than gold?
« Reply #127 on: May 13, 2024, 05:40:26 PM »
Similar to me and my friends: Our grandparents and parents all love to accumulate gold, but we no longer buy gold as a way to reserve wealth. We choose crypto, especially BTC to accumulate because it is simpler, more convenient to buy with smaller amounts, and has much higher profits than gold. We seem to have left gold behind as a part of the past.

In other words you live neither in Vietnam nor in China

nor in Korea


..............

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Re: Has BTC really become more attractive than gold?
« Reply #128 on: May 13, 2024, 08:47:48 PM »
Well, after seeing the vote,the vote results for a cryptocurrency forum favoring Bitcoin are unsurprising. For me, Bitcoin is also more attractive because it's appeal lies in its true digital ownership, unlike gold stocks.
Also, Bitcoin's usability extends beyond a mere store of value, and with that, I've been able to leverage Bitget's smart portfolio feature, using Bitcoin as a profit-taking asset against other cryptocurrencies, which has proven to be an effective strategy for me.

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Re: Has BTC really become more attractive than gold?
« Reply #129 on: May 14, 2024, 08:09:09 AM »
After holding for a long time gold price increase but that is not enough. It cannot even protect against inflation. Considering these factors, Bitcoin is the only best choice.


So many people in the USA disagreeing with you...


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Re: Has BTC really become more attractive than gold?
« Reply #130 on: May 14, 2024, 08:22:03 AM »
If anyone didn’t know, in the last month all over the world, all the largest investment funds and banks have planned to buy Bitcoin for different amounts; some of them are already starting to buy, well, in the future. More precisely, this year, banks and funds are planning to buy Bitcoin for unrealistically huge amounts of money.
It's very good if big banks buy bitcoin because this will have a good impact on the price of bitcoin. As long as after buying, you don't take any action that dumps the bitcoin price, for example by selling the bitcoin price.

Of course, this is very good news, because if large banks buy cryptocurrency, including Bitcoin, then all cryptocurrency will rise in price, plus there was recently a Bitcoin halving and miners who are engaged in large-scale mining of Bitcoin will buy it in order to raise the price in order for them it was profitable to mine it.
Currently, without us realizing it, the number of wallets that store bitcoin continues to increase quite rapidly. And indeed many institutions are getting into bitcoin. Especially after the Bitcoin ETF was approved. Without us realizing it, the world's big companies also continue to accumulate more than we thought. And this is indeed good news in the growth of bitcoin adoption. And with this perhaps the price of bitcoin will not fall further except in the bear market that will come after the bullrun.

Yes, you are right. This can be seen even just by the growth of new wallets; they are increasing every day by a huge number. If compared with the number that was 3-4 years ago, now they have doubled or tripled, which means that Bitcoin is now held by a lot more people the sooner and this only leads to higher prices.
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Offline Wiseman

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Re: Has BTC really become more attractive than gold?
« Reply #131 on: May 15, 2024, 08:34:18 AM »
Of course, this is very good news, because if large banks buy cryptocurrency, including Bitcoin, then all cryptocurrency will rise in price, plus there was recently a Bitcoin halving and miners who are engaged in large-scale mining of Bitcoin will buy it in order to raise the price in order for them it was profitable to mine it.
When demand increases, it will affect the price of bitcoin which can rise and clearly this is good news for us, especially for people who have held bitcoin for a long time, because it is very likely that holders can make more profit than what we feel now .

For us, we will be happy when many people start paying attention to bitcoin, especially those who are investors who have large amounts of capital, because that will influence price movements.

This is, of course, very good. In particular, not only the fact that banks are buying a lot of Bitcoin, but the fact is that the banks themselves will begin to advertise this Bitcoin to the masses, and they have a lot of money and will spend a lot of money on advertising and their advertising will not be easy, but very much with the involvement very influential people, which means that many more people will buy Bitcoin than will buy from banks.
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Re: Has BTC really become more attractive than gold?
« Reply #132 on: May 16, 2024, 10:47:00 AM »


This is, of course, very good. In particular, not only the fact that banks are buying a lot of Bitcoin, but the fact is that the banks themselves will begin to advertise this Bitcoin to the masses, and they have a lot of money and will spend a lot of money on advertising and their advertising will not be easy, but very much with the involvement very influential people, which means that many more people will buy Bitcoin than will buy from banks.
If the impact of banks buying bitcoin is like banks advertising bitcoin so that people buy bitcoin to invest, that is very good for the crypto market. because if many people buy bitcoin, the increased demand will make the price of bitcoin rise high.

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Re: Has BTC really become more attractive than gold?
« Reply #133 on: May 16, 2024, 10:53:09 AM »


To say that gold is not an inflation hedge is just delusional, I should say. Gold has always been that way. Sure, it is harder to buy than Bitcoin, and doesn't have big gains or losses like it, but it's stable, and that's why lots of businesses and people still use it as a store of value.

Bitcoin is a bit too volatile for that but it suits most people's needs for generating wealth. Me personally though, I just use it as currency as it was intended to be.
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Re: Has BTC really become more attractive than gold?
« Reply #134 on: May 16, 2024, 02:58:48 PM »
Bitcoin is a bit too volatile for that but it suits most people's needs for generating wealth. Me personally though, I just use it as currency as it was intended to be.

I prefer to hold Bitcoin over fiat currencies.
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