Has BTC really become more attractive than gold?

[taufik123]

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.

In fact, gold has always been the best "Safe Haven" Asset because of its stable value and cannot be compared with Bitcoin which is very volatile.

Both are different and cannot be equated, Bitcoin will certainly generate profits faster and more with fluctuations that occur, but the risk is also quite large.
I use bitcoin now just to take more profits for the long term and don't really use it as a currency like you do.
Because this is also related to existing regulations in my country which can only be as commodity assets.

[Peter90]

In fact, gold has always been the best "Safe Haven" Asset because of its stable value and cannot be compared with Bitcoin which is very volatile.

Both are different and cannot be equated, Bitcoin will certainly generate profits faster and more with fluctuations that occur, but the risk is also quite large.

+1 from me

BTC and Gold have different tasks.
Gold main task is to keep people purchasing power.
BTC main task is to multiply that purchasing power.

Comparing the performance of BTC vs. Gold makes little sense.


They say "BTC is better than gold because its performance is better", "Stocks are better than gold because they perform better".
Silly arguments.
They forget volatility.
Those who put their savings in BTC in 2021, those who put their savings in the stock markets in 1999 or 2007, a couple of months later either they have had a heart attack or they have shot themselves in the balls.



Unfortunately most people here are fixated with performance, so they compare gold and BTC performance and forget to compare their volatility.
For those who want to save - keep in mind the difference between saving and investing - volatility is more important than performance.

Compare BTC volatility with gold volatility and tell me who wins

[LUCKMCFLY]

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.

Everything that encourages people to buy bitcoin is good, because at this point things are very decisive when it comes to investment, it is very obvious that bitcoin is more attractive than gold, so we are waiting for bitcoin to reach a new great ATH, that makes anyone very happy , gold for its part is something else, it is an asset that is very good to own, but you have to Buy a lot and a lot of Gold to have as a safe haven, it has no volatility and it is guaranteed to be safe, but let's say if bitcoin reaches more than $100k it is very obvious that it will be more popular , so bitcoin later drops in price, it does not matter because it is invested and is there for when it Explodes again.

[taufik123]

-snip-

They say "BTC is better than gold because its performance is better", "Stocks are better than gold because they perform better".
Silly arguments.
They forget volatility.
Those who put their savings in BTC in 2021, those who put their savings in the stock markets in 1999 or 2007, a couple of months later either they have had a heart attack or they have shot themselves in the balls.



Unfortunately most people here are fixated with performance, so they compare gold and BTC performance and forget to compare their volatility.
For those who want to save - keep in mind the difference between saving and investing - volatility is more important than performance.

Compare BTC volatility with gold volatility and tell me who wins

Comparing 2 things that are actually different because they both have different characteristics.
But in fact those who only see from one point of view about how they perform, even though volatility is also an important indicator for investment.

The high volatility of bitcoin provides faster returns on investments made even though the risk is also large.
But that volatility will not happen to gold, these are two different things, but both have their own advantages and disadvantages.
I now have both and both are also profitable.

[Peter90]

Now bitcoin has become much more attractive than gold in terms of popularity and demand among people. With the way BTC is attracting people's attention, it looks like it will become the most popular ever.

Primo
clearly you live neither in Vietnam ...






nor in China ...


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



nor in Korea ...


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


nor in Japan ...






Anybody from an Arab or Muslim country?

[Jamal Aezaz]

In fact, gold has always been the best "Safe Haven" Asset because of its stable value and cannot be compared with Bitcoin which is very volatile.

Both are different and cannot be equated, Bitcoin will certainly generate profits faster and more with fluctuations that occur, but the risk is also quite large.
I use bitcoin now just to take more profits for the long term and don't really use it as a currency like you do.
Because this is also related to existing regulations in my country which can only be as commodity assets.

Many people just compare the importance of gold with Bitcoin but I think both assets are different from one another and anyone can invest in any of these or in both of them. The use of gold and Bitcoin cannot be ignored but we should also prefer one over the other therefore if someone wants to hold Bitcoin then he should hold it and if someone wants to hold gold then there is not an issue but people often prefer Bitcoin due to its quick increase while they ignore the high volatility with Bitcoin.

Any type of asset will have both advantages and disadvantages so we have to keep both of them in our mind, people want to ask about any one of these assets which is better to put money in but they don't want to take the benefit from both.

[Peter90]

Gold are very expensive. This will lesson the number of those that invest in it if compared with bitcoin that you can buy with just $50. You need thousands of dollars to buy gold bars.

The advantage that Bitcoin give to us though is that anyone can invest on it, average joe like the majority of us and then we have like big institutions and maybe some millonaires and billionaires that we are not aware of this it is (psuedo)-anonymous.

If gold is too expensive people buy silver.
Silver is a precious metal just like gold.
Investing in Silver is much more widespread than investing in gold or BTC.


In China silver items are being sold 20-30% over Western paper silver price.





Gold just hit its All Time High
Silver hit its 10 years ATH
For traders
Gold & Silver Trading

[Dr.Bitcoin_Strange]

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.

Inasmuch as that would be a very tremendous turn around for bitcoin and its holders if banks would end up buying bitcoin, because that means more adoption and we know the more the adoption the higher the demand and the higher the price, but let's not forget to understand too that inasmuch as this is good for people who have been holding for a long time, it wouldn't be the same for small investors, because when the price demand for bitcoin increases drastically, that also means that transaction fees would also increase immensely, and this wouldn't be such a good news for petty or small investors.

[dekafee79]

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.

Inasmuch as that would be a very tremendous turn around for bitcoin and its holders if banks would end up buying bitcoin, because that means more adoption and we know the more the adoption the higher the demand and the higher the price, but let's not forget to understand too that inasmuch as this is good for people who have been holding for a long time, it wouldn't be the same for small investors, because when the price demand for bitcoin increases drastically, that also means that transaction fees would also increase immensely, and this wouldn't be such a good news for petty or small investors.

You are right, I agree with you that if demand is high traffic will be high, this means gas fees will also rise and the price factor will also influence it. It's also good if banks buy bitcoins, this is a sign that bitcoins can be used for banking transactions.

[0t3p0t]

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.

In fact, gold has always been the best "Safe Haven" Asset because of its stable value and cannot be compared with Bitcoin which is very volatile.

Both are different and cannot be equated, Bitcoin will certainly generate profits faster and more with fluctuations that occur, but the risk is also quite large.
I use bitcoin now just to take more profits for the long term and don't really use it as a currency like you do.
Because this is also related to existing regulations in my country which can only be as commodity assets.

Well yeah, this suits my taste and preference. As long as Bitcoin is good in my country it will be one of my income generating asset just like you did because gold is way too stable and I think it is only good as a back-up asset to diversify our investments which is also a future proof one.

[Peter90]

I have to make conservative approach on every financial decision and 30 to 40% of my savings are in the physical gold and it's giving the security as I said earlier and also I can't deny Bitcoin is what helped me to achieve that 30% of gold in my portfolio

Very right
Many gold people do the same: trade (derivatives, stocks, cryptos...) and what they earn out of trading they put into saving (gold).
First comes saving, then investing, then speculating, then if you are not married gambling 

Imo BTC is not good for saving.
If you look at BTC's correlation with the saving vehicle Nr 1 - Gold - you see an inverse correlation

I am just a commoner who is trying to climb the ladder in this society

Aren't we all 

[kulkhan]

Bitcoin and Gold both are good i think. But if anyone tell to choose one of them then i will choose Bitcoin. Because now we are leaving in the digital era. So cryptocurrency being popular day by day. In future people couldn’t take not taka they will use digital money like. So day by day bitcoins popularity will increase there has no doubt.

[R100K-Martin-Lunger]

I think it's up there among the top for what a person should invest in, however its honestly depends on each persons investment goals and risk tolerance. Gold is less risky with a proven track record and lower volatility whereas with Bitcoin there potential for high returns with higher risks as well. Diversification is honestly the most sensible approach where this is concerned.  There is no rule stating you have to invest in only one of them.

[Peter90]

Why comparing always BTC only with Gold?
Silver is a precious metal too!

[bayu7adi]

Why comparing always BTC only with Gold?
Silver is a precious metal too!

Attractiveness according to one person will be different according to another person, which means that if you compare the market cap between Bitcoin and Silver or Gold, then in terms of numbers Bitcoin's market cap is still inferior, but some people consider Bitcoin attractive because of its function and investment opportunities.

Bitcoin is closely related to Blockchain technology, so I am sure that some of the people who are interested in Bitcoin have never considered the size of the market cap, but rather its function. For me, the market cap list in the picture is only a general measure, whereas I don't really need it for my purposes of investing in Bitcoin.