Quote from: JayJuanGee on Today at 05:27:47 PM

Quote from: Hutler85 on Today at 03:17:56 PM

Quote from: JayJuanGee on August 25, 2024, 08:32:43 PM

Quote from: Hutler85 on August 25, 2024, 06:59:10 PM

I think if you want to really invest your money, Bitcoin is better than gold, because I believe that it will give better profit in long term.
Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin.

Choose which one do you want the most.

Gold is not even close to better than bitcoin in regards to trying to be "safe", unless you already have gold exchanges around you and in your community. If you are trying to learn about gold, you are probably going to be worse off in terms of trying to find where to buy and sell it. And, also if you go in to gold, you are going to just continue to lose value, especially compared to bitcoin... maybe you might be able to hold value relative to the dollar, but that is even questionable since bitcoin is going to continue to eat gold's lunch in terms of value continuing to gravitate into bitcoin from gold, just as it has been doing for the past 15 years in really exponential ways.

Yes, what I meant was gold is relatively safer than Bitcoin in term of its value because the price is much more stable.

If you said so, does that mean that Bitcoin is better than gold in every aspect?

Well, you have to figure out your own calculations in terms of whether there is any value in having gold rather than bitcoin, so frequently I suggest that there is no need to have any gold, but if you either have gold and you are used to it or you have some kind of an attraction for gold, then perhaps limit your gold investment to no more than 5% the size of your bitcoin investment.

Of course, you can do what you want and come to whatever assessment that you like and there are potentially some areas in which gold is less bad as compared to bitcoin, but still in the whole scheme of things bitcoin is likely around 1,000x better than gold in terms of the various important and material monetary properties that include but are not limited to:
scarcity
transportability
costs of holding/transporting (needs for 3rd parties)
divisibility
durability
verifiability
store of value (ability to transport in time)

You can place your own values on each of these items or even suggest that stability (or lack of volatility) is an attribute, and that is up to you. Surely bitcoin is in fairly early stages of adoption, including controversy over its value, so bitcoin is inevitably going to be volatile while it is continuing to find its price and likely to become less volatile as it increases in market cap.. perhaps when bitcoin is going through the 10x to 1,000x phase of surpassing gold's market cap it will be less volatile than it is now, yet if we already know that bitcoin is currently volatile for much time into the future, we can choose our position size in accordance with such known situation.

So if bitcoin is currently priced about 1/15th of gold in terms of market cap and it is most likely 1,000x more valuable than gold then it could take 50-200 years to get to such price settling amounts, and you can choose to make other kinds of assessments, and even if someone knows bitcoin is around 1,000x more valuable than gold, that still does not even mean that such persons have to go crazy for bitcoin, just make reasonable investments into it and even potentially hedging that the price of things sometimes take a while to work themselves out in the market, so there is no need to go apeshit crazy in buying bitcoin merely due to recognizing its superior value status as compared to gold (and as compared to most other assets, too).

It is possible to keep feet in each world of value systems, and in various ways gold has been being largely demonetized for the last 100 years or more - just like silver has largely been demonetized, so if you are betting on gold (or silver) being remonetized, then those surely seem like much greater long shot bets as compared to whatever position that you might consider that bitcoin has compared to gold, even if you don't agree with or accept that bitcoin is 1,000x or more better than gold, you still might be able to appreciate some other variation in terms of that bitcoin is quite likely not 1/15th the value of gold (as it is currently priced), and yeah, you can conclude what ever you like in terms of the various numbers in regards to where we are at now, where we came from and/or where we are likely to go. There is nothing wrong with differing in opinions in regards to these kinds of assessments, and hopefully each of us are attempting to establish and/or maintain position sizes that reflect our own assessments, financial abilities and psychology rather than following the assessments, financial abilities and psychology of someone else.

I guess you are a better person to describe what I had in mind, thank you for giving me some insight. As you can see I'm still a newbie and I was asking for genuine question of of curiosity.

Although, I agree that this kind of topic is highly subjective and argumentative when it comes how we value these to insruments of investments, what you said is really does make sense and add more to my own definition of value that I have in mind about Bitcoin.