Quote from: wxa7115 on October 20, 2023, 05:22:27 AM

Quote from: Iranus on October 19, 2023, 04:30:42 AM

Quote from: poodle63 on October 18, 2023, 11:33:54 PM

i don't think gold can compete in that field, its always the upperhand that bitcoin got when it comes to the return rate of investment.

It's not that gold can't compete with bitcoin in terms of returns, it's simply that gold has increased significantly over the past thousand years and it has reached its peak and saturation. Therefore, when comparing profits these days, it is clear that gold cannot be compared with bitcoin, but in terms of safety, gold is much superior.

Nowadays, gold is considered a safe haven, a store of value, not a profit-making investment, so I think there is no need to compare. If you want to find high returns, bitcoin or stocks are the choice, if you want to find a safe haven for your assets, it will be more suitable.

Even if in principle both gold and bitcoin should serve the same function, there is a massive difference in the history of the two, with gold being recognized as a valuable asset for thousands of years while bitcoin is very young compared to gold.

So gold has pretty much reached as much as it is possible under the current economic climate, while bitcoin is still growing at an impressive speed and getting adopted by more people, which makes it more suitable for those that want a greater ROI.

gold actually just stable throughout the ages, its just how gold works, the purchasing power had you keep your wealth in form of gold would stabilize across decades even century.
thats why many people prefer it to counter the inflation.
meanwhile with bitcoin its massive growth mainly because it comes from innovation, bitcoin labeled the digital gold for reasons that is because its so precious yet the growth of the value also massive.
therefore I think comparing between the two even though not really right, but still make sense. from the standpoint of investors where we only consider the returns.