How Risky And Safe Is Bitcoin and Gold

[Cleaner 2549]

Bitcoin and gold are both expensive and the best.  The price of Bitcoin is only increasing day by day.  And the price of gold is stable.  So we will now analyze bitcoin and gold below

 

Bitcoin : Bitcoin is a crypto currency.  The popularity of crypto coins is increasing day by day.  The price of Bitcoin depends on supply and demand.  Now the demand for Bitcoin is increasing and the supply is decreasing which is causing its price to go up.  By investing in Bitcoin you will get a very good amount of interest.  But no matter how safe these coins are, these coins are always volatile.  This coin has no fundamentals, this coin has no controller.  These coins are creating bubbles in the market and could burst at any moment, resulting in many losing their capital.  Bitcoin is considered by many countries as a counterfeit currency.  However, there are both risks and profits in using Bitcoin.

 

Gold : Gold is an expensive thing.  The price of gold does not fluctuate much  Gold can be bought with the currencies of all countries.  It is safe to invest in gold but the interest rate is very low.  But there is no risk in investing with gold.Anyone with gold can safely invest for the long term.  This can lead to better returns at some point.  Gold is a good asset for the country

 

 

How safe and risky do you think Bitcoin and Gold are?  Which one are you willing to invest in?  Let me know which is best for you and in which direction

Edited January 7, 2021 by Cleaner
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[ibrahim halil anaç 138]

It makes sense to invest in bitcoin if you intend to make a profit and get rich in the short term, but there is no exact information about what bitcoin will happen in the future. So investing in bitcoin is risky.
If you are going to invest in the long term, the best investment is gold. Gold always retains its value and is a physical object, so it neither explodes nor disappears in the future. But in the short run, you cannot make more profit than gold.

[Dormilon 2183]

6 hours ago, Cleaner said:

How safe and risky do you think Bitcoin and Gold are?  Which one are you willing to invest in?  Let me know which is best for you and in which direction

@Cleaner That depends on what one wants to do and the type of investor where it is segmented, for a country gold is more stable for international reserves and of value in its local currency, because it is always in the long term the investment that is made, there are countries that can extract this mineral and it is always a good idea to be able to have it to protect oneself economically.
The bitcoin is something to invest not in the long term, I would say that in the short and medium term, looking for profits more quickly, of course, it is more risky to use this currency for investment, because of its volatility, investing in the long term would be for those who do not need capital quickly, but may be waiting years to take capital, it is easy to lose or gain money with the BTC in a matter of hours, while with gold it is reserved, very difficult to win quickly, both are different in terms of speed of return, but are very good for investment, each will seek what best suits your needs and goals.

[Cryptolover😍😍 990]

According to my opinion the safe and trusted is gold because it's price always increase and remain stable . No risk in the investment of gold as compared the Bitcoin. The big and intant source of profit Is bitcoin but the risk is also big to lost because it's price don't remain stable. If anyone wants big and instatan profit but he or she afford the lost then he or she invest in the Bitcoin Currency.

[Poppisnop 428]

If its a matter of risk, i think bitcoin comes to place but if its about safe investment then gold is the better choice to choose, but if someone wants to earn some profitable income everyday then bitcoin is better but gold always retain it value for at least 3days before shooting high.

[Harbeeboullah 428]

Thanks for these beautiful questions in term of risk I will say bitcoin is more risky than gold, all of them have value depreciation but the value depreciation in bitcon when it comes it depreciate woefully compare to that of gold 

[Obliv0n 333]

7 hours ago, Cleaner said:

How safe and risky do you think Bitcoin and Gold are?  Which one are you willing to invest in?  Let me know which is best for you and in which direction

It all depends on the profits that the investor is looking for and how fast they want to see them, I consider that if it is to protect or save money, the best option is to invest in the purchase of gold, since in the long term it will be a mineral desired by Many.

 

However, if what you are looking for is fast money but with relative risks, the best option is to opt for bitcoin, which in just hours may or may not generate many profits.

[Agusmada 223]

I thing this time money saving good idea is gold because fest time bitcoin pump this level I don't think so any one bear this risk to buy bitcoin and save over money.

[Cleaner 2549]

1 hour ago, princessranlei said:

Since bitcoin's overtaking in terms of market assets, bitcoin has been proven to be more profitable but arguably gold being more stable. Bitcoin has a set amount in supply, gold does not but it has more practical uses than bitcoin

The price of Bitcoin is increasing day by day.  This proves that it is more expensive than gold.  However, it is risky to use Bitcoin as it does not have a controller.  And gold prices are stable but safe.

33 minutes ago, Obliv0n said:

It all depends on the profits that the investor is looking for and how fast they want to see them, I consider that if it is to protect or save money, the best option is to invest in the purchase of gold, since in the long term it will be a mineral desired by Many.

 

However, if what you are looking for is fast money but with relative risks, the best option is to opt for bitcoin, which in just hours may or may not generate many profits.

It is best to choose Bitcoin to make a quick profit by investing.  Because the price of Bitcoin is always volatile.  But it would be best to choose gold for risk-free investing.

[Cleaner 2549]

1 hour ago, Dormilon said:

@Cleaner That depends on what one wants to do and the type of investor where it is segmented, for a country gold is more stable for international reserves and of value in its local currency, because it is always in the long term the investment that is made, there are countries that can extract this mineral and it is always a good idea to be able to have it to protect oneself economically.
The bitcoin is something to invest not in the long term, I would say that in the short and medium term, looking for profits more quickly, of course, it is more risky to use this currency for investment, because of its volatility, investing in the long term would be for those who do not need capital quickly, but may be waiting years to take capital, it is easy to lose or gain money with the BTC in a matter of hours, while with gold it is reserved, very difficult to win quickly, both are different in terms of speed of return, but are very good for investment, each will seek what best suits your needs and goals.

@Dormilon...Crypto coins are risky because their prices are volatile and there is no regulator.  These coins can explode at any time and then many will lose money.  However, by investing with Bitcoin, you can get a lot of benefits.  And gold is the economic resource of all countries.  And gold is the safest thing to invest in, but there is no risk, but the profit is very low.

2 hours ago, aboammar2 said:

I think that gold is actually less dangerous than Bitcoin because gold is an existing material that can exist at any time, but Bitcoin is a virtual currency controlled by the Internet

Gold is much less risky than Bitcoin.  Bitcoin has no regulator but gold regulator.  The price of Bitcoin is volatile but the price of gold is not volatile

[Ridam 7455]

Well Gold has very big market cap in compare to Bitcoin thats why the Bitcoin is more volatile than Gold. And as the Bitcoin is emerging technology and better store of value in time like this where everything is becoming digital and so Investment.

For me , I would defenietoy choose Bitcoin over the Gold because of many factors like limited supply, Decentralised, Easily portable and many more.

[Cleaner 2549]

20 minutes ago, Ridam said:

 

For me , I would defenietoy choose Bitcoin over the Gold because of many factors like limited supply, Decentralised, Easily portable and many more.

If asked to choose between gold and bitcoin, I would choose bitcoin.  Because Bitcoin is a decentralized currency.  This allows me to transact securely and confidentially, so that no one will know about my transaction.  And no one has to pay tax for bitcoin.  And if you trade more with gold, you will have to pay taxes to the government and everyone will know your transaction.  So Bitcoin is the best in these respects.

[Quickbee 26]

As far as price safety and stability is concerned Gold is the best investment. Gold price will increase over a period of time. But as far as profit is concerned, Bitcoin is good because of the fluctuations in its price.

[bogdanoff 3173]

Gold has little risk but also small reward. With Bitcoin there is risk, but this risk can be reduced with some methods like buying some more lower if price drops from your investment entry. Bitcoin has always been performing in ways that as an investment it is one of the top. It has been 12 years and doesn't fail or produce weak returns. It can have high volatility but also has high liquidity.

[Haley 832]

Both are good investments. If we see from risk point of view then I prefer to invest in gold because it is less risky investment. But when we see from profit point of view then I prefer to invest in bitcoin because its price increase rapidly and we can earn more than gold. 

[Ali Rao 161]

Well my dear friend. Both have different quality and have different price in the market. Gold has its stable market in the price but we can see the price of gold now a days very high. And the bitcoin prices are getting up and down day per day. Thank you 

[annayks 2314]

There are many that think gold is also overpriced, that it has no intrinsic value and that it is also in a very long term bubble, which when zooming out it could be true. Gold has massive mining but also still considered as a safe asset by governments and central banks still hold large possessions of gold.

The similarities with Bitcoin are many but the differences too. They are very different assets and shouldn't be compared so often, I think they are not in the same category and should be judged differently. 

Gold is a valuable metal and Bitcoin is software. This are how we should see them.

[zhoutong 2188]

Gold is less risk from anything else. Bitcoin has a risk that you may be buying the top as usually it is when most are buying. But it always comes back and rising again with vengeance to the next astronomic level with parabolic rising.

[kyoukage01 3181]

Bitcoin: Compared to other kinds of store of value commodities, Bitcoin has the advantage of being a digital currency. You can basically sell Bitcoin faster to just about every person on the planet who has an internet connection. It's advantage as a digital currency however can also be its Achilles' Heel, it inherits the digital technology's shortcomings as well. For one thing, if your hardware (wallets, etc.) with your Bitcoin on it gets lost or destroyed, there is almost no way you can recover it.

 

Gold: We've been using this precious metal ever since civilization began, and there is no way gold is going to lose its value soon. It is not just a store of value commodity, gold has many practical uses. For just one example, it has its application in electronics. The smartphone you're using contains bits of gold in it. Probably the only way gold becomes dirt cheap and loses its value is when we discover a planet/moon that is rich in gold and be able to strip mine it, which with our current technology is impossible right now.

 

My personal choice: Gold. Its price may not be as volatile as Bitcoin, but you can think of it as an equivalent to a stablecoin. But that doesn't mean I won't be using Bitcoin, what am I doing in this forum anyway if that was the case? Of course I'll still be using Bitcoin. 😉

 

[Shahin3864 101]

Investing in gold is safe because its price cannot fall below key prices. As the demand for Bitcoin increases, so does the price. I think investing in Bitcoin is riskier after gold because the price of Bitcoin fluctuates every day, but now the demand for Bitcoin is increasing.

[Jack764 1841]

The danger of this field is that it is possible that major mistakes may occur during the buying and selling process or sending money, and also if you lose the wallet, you will lose your money and there is no one to make you your money

[abohasnn9 2401]

My friend, as the beginning of gold and Bitcoin are two central currencies that are mined by mining workers. The difference is that mining is manual and in the ground, but mining for Bitcoin is electronic through the computer and the network. Both of them have no risk at all because they are of high value and guide all currencies, but fear only you  This is a little frightening, thanks

[Khan 1414]

On 1/7/2021 at 9:02 PM, Alok1 said:

No risk in the investment of gold as compared the Bitcoin. The big and intant source of profit Is bitcoin but the risk is also big to lost because it's price don't remain stable. If anyone wants big and instatan profit but he or she afford the lost then he or she invest in the Bitcoin Currency.

Both are risky and both have their own advantage and disadvantage like Gold is less risky and also return less profit on investment as compared to Crypto currency.

[Fixfin 2569]

In that part about Bitcoin, you suddenly switch and discuss all cryptocurrencies making probably everyone very confused. You should know that Bitcoin reached and is now double from the previous all time high, and I haven't seen any of the altcoins that were alive in 2018 doing that. Maybe BNB, I haven't read if they did an ATH or not. Not even Ethereum is in ATH again. Altcoins are altcoins, you can't discuss about Bitcoin and have it together with pump and dumps.

[Kingkhan12 334]

Yes dear you are right .

The price of bitcoin increasing quickly day by day.

So it is clear if any thing value increasing then loss of things also increase.

So bitcoin is another form of gold in my opinion.