Is Bitcoin the “gold” of crypto investment?

[Bitcasino.io 462]

 

Hi, crypto fans

 

Just a little over a week ago, Stanley Druckenmiller, an American billionaire, spoke on CNBC about his views on Bitcoin: that it “could be an asset class that has a lot of attraction as a store of value to both millennials and the new West Coast money.”

 

In recent years, investing in Bitcoin has been seen as a possible way to diversify one’s investment portfolio. As a result of COVID-19 and what’s happened to the stock markets, an intriguing question has been brought up:  is investing in Bitcoin as good as investing as gold?

 

Read our blog post here: Is Bitcoin the “gold” of crypto investment?

 

Bitcoin vs Gold, what is a better investment in your opinion?

 

Thanks,
Karl
Bitcasino.io
 

[Amrutha 4]

I'm dam sure that's cryptocurrencies will get very high popular it has a remarkable social phenomenon.help you to exchange money in a different way

[Nezar 7169]

As for the Bitcoin currency, it overcame gold and all world currencies, as it is now witnessing a very high price increase and it is considered the best and most profitable at all. Thanks to the high price of this currency, many began buying it during the few weeks because it rose by a very large rate that no one expected, so many people seemed to rely It is for storage instead of storing gold

[Whited35 15285]

On 11/19/2020 at 6:11 PM, Bitcasino.io said:

an intriguing question has been brought up:  is investing in Bitcoin as good as investing as gold?

@Bitcasino.io I want to make sure I have checked that nice blog post that has very nice explanation. For your quoted question, I say yes. It can be regarded as the excellent option to invest in Bitcoin like gold because Bitcoin is digital gold that is backed by advanced technology and growing cryptocommunity. Bitcoin is becoming more valuable in future as so many people all around the world have slowly started to recognize it. 

[Barbarellah 2225]

Bitcoin is the most precious and most coveted cryptocurrency for being the mother cryptocurrency based on the operation of the blockchain and due to its trajectory in the last ten years and the adoption process that it is having today, it is logical that it is considered as digital gold . Many are fearing at this time that Bitcoin will once again reach its historical maximum corresponding to December 2017 and that the bomb will explode again producing considerable losses, but they are not taking into account that today the conditions where the process is developing are not the same. The same as in 2017. Today there are more factors in favor than against so that the prices of this precious cryptocurrency continue to rise. My advice is that you appreciate and keep your work in Cryptotalk so that you get Bitcoin and keep it since in the future those decisions can save you.

[Mella 3680]

Gold is a very long term bet. I am trader and think that Bitcoin is very volatile to be gold right now but it can be considered a good asset for some nations that have big problems with their currencies. We are in a big need for strong money to make our effort worth. Gold is good but hard to transfer and change to fiat so Bitcoin has this better, but gold is more stable and less volatile.

[velasco19 1753]

I believe that BTC is a store of value similar to gold, lately it has been attracting the attention of many investors and increasing its market capitalization, although it must be borne in mind that the cryptocurrency market is new and BTC is more volatile compared to gold.

[Jromz 2158]

I think both assets are a good investment for the long term. However, Bitcoin offers quite few advantages over gold, such as portability. On top of that Bitcoin has been the best performing asset over the past decade, giving better profits than gold. Now, while Bitcoin is nearly touching its ATH, gold has dumped severely in the past few days. Would this indicate that in the future Bitcoin could outcompete gold as safe haven?

[Khan 1414]

On 11/22/2020 at 3:35 AM, saraanna396 said:

Bitcoin and gold each have their advantages and disadvantages, as Bitcoin has high profits, but it is less stable, and you can lose all your money through fraud or hacking, as for gold, its price is more stable, but its profits are lower.

Right as they both are the different assets and both can return good profit on investment and both are risky because of the price factor and price drop issue, but Gold is better than Bitcoin.

[cryptovlek 2597]

Probably it is the gold of the internet. It is hard to mine too, people try to use many internet sources to get some and the reaction when recieving some is amazing feeling like we struck gold. Of course we need to find too much and sources are scarce.

[bogdanoff 3173]

Bitcoin shares many features of gold. It is mined using industrial level equipment, it has high value and it is a long term investment that gives great results. It is becoming a store of value, maybe it is already and price is rising making it more significant than other assets. Also it has some features gold hasn't. It can be moved easily and can be stored safely without a lot of effort or cost.

[percare 3192]

Bitcoin is more speculative investment. People think it can be similar to gold and invest in it but we don't know if it can succeed in this. It is very volatile and big money don't want too much volatility. Some invested a small portion of their funds in Bitcoin but it doesn't mean it is gold yet.

[Fixfin 2569]

As a trader I wouldn't trade gold but Bitcoin. It is better for this reason. As for the rest it is good to buy some and hold but it is also need cost to store it somewhere. Can it be a bank vault secure with gold? We have learned that even bank vaults can be emptied and since there is privacy involved you can't prove something was missing.

[cryptovlek 2597]

21 hours ago, adnanthathal6210 said:

You must have to observe the conditions then invest in bitcoin because we have seen recently a heavy change in the price of bitcoins it falls suddenly and many people who were holding this coin are in loss. 

It is a small correction. In fact Bitcoin can do worse but if people hold for some time it is going to be the best investment. If they get scared and sell it will be at a loss. People need patience and they will achieve good profits.

[Ryken8 545]

Bitcoin is definitely the Gold standard of cryptocurrency. What gold used to represent for fiat currency is what bitcoin is to the current cryptocurrency market, all altcoins price action will move in conjunction with bitcoin’s market price movement.

[Projectcrypto 4382]

Both bitcoin and gold are very good for investment because they both give investors good profit as long as they remain patient with time but from my own point of view bitcoin is much better since it value changes due to the Volatility and that is how many investors get the chance to invest and later sell for profit when it rise again in value and traders also take the advantage of the fluctuation to do arbitrage trading which give them chance to gain lot.

[Sykkuno 2887]

We expect bitcoin to reach gold trading volumes and market cap as interest is on the rise and Bitcoin has many attributes only found in assets like gold. There will always be differences and a big one is that Bitcoin is in more speculation with trading.

[yonkii 3205]

Bitcoin is exactly this in my opinion. The similarities with gold are crystal clear and Bitcoin has even more advantages as we can easily transfer and take with us our possessions even without anyone else know about this. Any other feature gold has is increased in Bitcoin, except perhaps from being a shiny object.

[annayks 2314]

Billionaires and institutions are those that are buying Bitcoin right now and getting scared from a minor correction is not something anyone in crypto should be doing. Price can rise so much that the chart of the 20k bull run will just look like a flat line when zoomed out. It is time to hold and wait for the best that is to come.

[Khan 1414]

On 11/25/2020 at 7:55 PM, Shilii3 said:

Bitcoin investment is very good, but if it can be done in a good place, then it is better. You, Whitman, I think it can be bought at a better price than gold.

Bitcoin is beneficial but only if you mined it in a place where there is no issue of electricity and also the cost of electricity is very minimum because if you don't have the proper source then it will make you only lose.

[GanBin 705]

I will not compared bitcoin to gold because it is better than hold with many reason experts have talked about. But, to make your topic still clear in my comment, among the whole money existing right now, bitcoin is the new era gold but it is digital. It is a currencies, an asset, a stock, a money and everything. 

[Faizan12 1708]

Yes brother you are totally right because forum will give us so many facilities and so many  helpful things that you will be thankfully for that abd we have to do some work for crypto like promote it with friends and family.

[ScamerB0y 54]

Никогда бы не подумал что играя в игру можно хоть что-то заработать, зарегистрировался по твоей ссылке надеюсь выйдет какая-нибудь круглая сумма 😉

[Hatred 1388]

On 11/19/2020 at 8:26 PM, Bitcasino.io said:

Bitcoin vs Gold, what is a better investment in your opinion?

Hmm. I think I'll choose bitcoin. Well, gold is also a good investment because you can guarantee that you can earn high profit there. But it's value is just stable. Unlike in bitcoin, if you invest to it, even you experience loss because it suddenly goes down, you can still earn high profit, much higher compare to gold, because it can also pump high suddenly.

[susan8929 811]

For me the best investment currently is Bitcoin, since gold has always been a safe haven asset, but this year it has not risen too much and has been overshadowed by Bitcoin.
In addition, buying Bitcoin and keeping it in my care is very simple, while gold can sometimes be difficult to acquire or store safely.