We all have different prospective regarding the investment , be it long term or short term.
Bitcoin has been the most amazing invention and has given massive return of investment for those who joined from 2013. From low point in 2013 to 20k in 2017, it has gone from one end to another end. Right now today its trading at $10461 per bitcoin. The prediction is with just 21 million maximum supply it will reach 1 million bucks per coin one day.
Gold has been one of the most popular investment for centuries. Every country or government be it in the past or present always prefer gold reserve over their own currency even to prepare themselves for financial meltdown. Right now GOLD is being traded at $1425/oz.
So my question is which one you would chose for your investment ? Which one you would chose to outperform the other ? GOLD or BITCOIN? Please tell us with a reason why ?
Not sure if I would call gold an "investment", it's more of a hedge.
Anyway, why not both? It's not one or the other. I'm bullish with bitcoin, but we should remember that it's not guaranteed to completely succeed. Putting literally everything on Bitcoin is taking a huge unnecessary risk. I'd personally put a significant amount on bitcoin, but majority would still be with gold as it's simply just a safer asset to park money in.
Without a doubt, it is a complicated query in which you ask about two commodities that currently move in the same price range, where it is clear it is important to forget about the short-term volatility of Bitcoin, as well as what concerns to liquidity.
Certainly it can be argued that Bitcoin is more recent and has not established itself as such in the market, but in turn it is necessary to recognize that it is more useful in the digital age than gold. Anyway, gold has a historical record that can not be disputed, which has even been responsible for being one of the most selected options to store value for thousands of years and for multiple human civilizations.
In my opinion, rather than asking which one is better between bitcoin and gold, it is more important to take advantage of both.
Another thought is this
Bitcoin is a risky investment.
It may have a much higher yield than other assets, but it is much higher risk. You can lose (a lot) money if you invest (a lot) money. Or you can earn (a lot, but a lot) money by investing relatively (a little) money. So the tip is to invest "some money you might lose".
Gold is a well-established commodity as a value keeper.
In general you do not earn or lose anything with gold, just do not fail to lose because of inflation. It is very secure (as long as your investment is made in a sound financial institution). So the tip is to invest "money that you do not want to lose”.
Another thought to think of is don't usually restrict yourself from opportunities and gold is not actually an investment to me. Every month I invest some amount in gold through "systematic Investment plan". That is mainly I do to create wealth over long time which doesn't have much risk for negative return.
Whereas my bitcoin investment is purely a speculative investment. I would just not invest in bitcoin only for creating long term wealth because the risk is very high! So I would go with both for different reasons, but gold is my choice for long term wealth creation!
In general This is my thoughts. I prefer gold as a form of investment. It's a no brainer. Gold is known as a valuable asset which overtime is gets higher and higher due to scarcity. It's advisable to invest on it since it's a long term investment and you know the profitability of it. Bitcoin is a short term investment. I said that because we don't know if how long can it be operating. There's so many factors and risks on investing on this kind of industry. What I mean the government regulations which threatening it's existence. They can just hang it whenever they want.
Bitcoin is a really good investment because of its ability to bring you huge gains, no doubt about that. But it is only for short term and not for long term. Good I think still a great contender among other investments.
In general yes i think Bitcoin is good choice as it has many benefits. Gold is controlled but very solid as it has been around for over a thousand years. Bitcoin is still need and people still need to learn more about it. I really think it is something good to buy into, even not just to use for investment but as something to use in long term as a currency. As people say bitcoin is the digital gold. There fore one needs to take time to learn more and see the benefits.
Now let’s hear your thoughts on all this. What would you think is better side? gold or bitcoin?
