Bitcoin Forum

As we can see from your final score that bitcoin had won over gold and fiat and had a 2 points advantage to win this, I surely think that bitcoin is more versatile but even though bitcoin had the most score there are surely have some downside to it, I really think that you should put the accessibility for transaction I really think that not all are capable of using bitcoin like fiat there is this gap when Fiat would take the lead when it comes to usability that bitcoin and gold, Even though there are ways for bitcoin to close this gap, not all can sure access it,

And regarding the Durability and Fungibility, this should not be included in my opinion, we all know that bitcoin doesn't have a physical body, But this can be sure taken care of if you put an amount of bitcoin into physical bitcoin and paper wallet then Bitcoin can sure have a physical body,

I do not see the point of this post. Yes, you outline some cons and pros, but is that what really matters?

For me, what matters is if it has legality and if it is readily accepted by everyone. But for now, those are not yet true in bitcoin.

I agree. Op is clearly trying to prove how Bitcoin is better than FIAT and gold in different aspects and I feel he is right in some ways and wrong in other ways.

Mainstream adoption is what primarily matters at the end of the day.

Bitcoin won't replace FIAT or gold, but is meant to serve as an alternate payment solution IMHO.

We have this kind of debate in the forum through the years I don't think we need another comparison specially with Gold though.

Bitcoin VS. GOLD (https://bitcointalk.org/index.php?topic=2272001.0)

Bitcoin vs. Gold Prices (https://bitcointalk.org/index.php?topic=2480123.0)

bitcoin vs fiat; why bitcoin will eventually succeed (https://bitcointalk.org/index.php?topic=5090799.0)

No need to go thru another discussions and debates.

what is your problem, of course, BTC and gold have different domains, but both are tools for investing and trading in search of large profits

Completely agree here. You can make any kind of test with the final result you want... This doesn't prove anything.

Secondly, why do you keep comparing them? Bitcoin will not replace any of the options. It can just simply be another option. Also tokenizied security (or security token) doesn't have to necessarily replace any security in place.

I am on OP sentiment, OP was trying to discuss and give a further idea regarding these both assets. We know that bitcoin was always won on this long time debate but we did not deny the fact that all of them have pros and cons on us which better reliable and profitable to invest. In the end, we don't need to compare them because they are both profitable on us, I think OP was trying to make it clear things the differences among them all.

I am very curious to see what you gonna do if you got a big amount of BTC in a country, that completely banned cryptocurrencies and no one can buy / sell it or exchange it into some goods. Your BTC would become useless due to this censorship if no one would be able to accept BTC or crypto related payments.

Bitcoin has a legitimate shot at challenging gold as a store of value, but it will have to become far more scalable and user-friendly, and a major nation will have to adopt it as a reserve currency. Once it has reserve currency status, its place as a rival to gold will be solidified, and may overtake it.

What prevents me from leaving the country?

Well, until we are not talking about any particular case we can consider that if the government is providing very strict anti-bitcoin policy then it probably supposed to be a far authoritarian country. In such places, government would probably control the immigration so you won't be able to leave the country.

Anyway, argument about leaving the country is not relevant. Simply because it could be used almost in every case and in every country. Got no job? Leave the country! Wanna get a better salary? Relocate to wealthier country. But for some reason, many people can't follow this advice.

It is possible to censor cryptocurrencies. If you have to relocate to another country to use your money then it is not that censorship resistant.

Great work OP ! But in my opinion this victory you have awarded bitcoin is a bias one, because based on the chosen attributes it's bound to point to something you likely favor which shouldn't be the case but should a weighted average be used say a poll done outside the forum...am confident the result could be different, maybe see fiat go top  ::)

Although bitcoin has a lot of good attribute compared to Gold and fiat, the problem is the adaptation. We are not yet ready for bitcoin to be used as the main currency because we are still on the stage of adaptation. Gold and Fiat still has it's advantage in terms of our current  era, not everyone can use bitcoin to transact due to it's limited accesibility and acceptance.

Before Fiat was barter! People did not immediately begin to perceive paper as money! But nevertheless it happened... That bitcoin, and cryptocurrency in general, have to go this difficult, long way! I'm the one who believes it, and I feel it in my gut.

I like the thread, nice job.

One thing that I'd change is the durability of fiat vs bitcoin. You gave them the same amount of points and I think that bitcoin is still more durable than fiat. Fiat in the form of paper money can be easily destroyed or lost. it can also be stolen and it doesn't survive harsh conditions. It can even be chewed by rats if you live it hidden in a basement.
Electronic money is prone to Internet shortages like bitcoin but also to bank server malfunctions, government shutdowns, bankruptcies, human errors.

Bitcoin scare and the digital currency for people. Gold is scare and the currency of the earth. Fiat is currency made by governments without limits.... What can go wrong ?!

This is a very interesting article and what's even interesting is that bitcoin got the highest score even though people have been using gold and fiat for such a long time now. We can see gold is very close to bitcoin so it will probably stay there for a very long time, while fiat should very soon disappear out of this ecuation since it's definitely not the best thing people can use to store their assets.

You didn't format this correctly, here I will fix it for you:

I want to add gold and fiat more dangerous ,we have seen the occurrence of thieves taking gold or fiat being brutally merciless to their owners so that they lose their lives ,bitcoin is easier to use without the risk of brutal theft because its not formed as an object to be more secure guaranteed your safety and your money

As you can see each of bitcoin,gold and fiat have a advantage and disadvantage. Imagine if this three element will combine and help each other going to top of success all of will be beneficiaries. But I think it will happen when bitcoin is going to a regularization stage that needs a lot of time to become possible.

That would be great. But are everyone ready to meet each other? I think, unfortunately, NO!

I think, it is too early to compare crypto currencies with gold. Crypto currency market is not matured enough and the adaptation of crypto currencies to the traditional markets is not completed. After a few years of this realization, it is more sensible to make such comparisons in a few years with people experiencing the advantages and possibilities of cryptocurrency.

Just to add something on the table, Gold and Fiat can easily be stolen by means of physical contact and bitcoin, on the other hand is prone to hacks and virtual theft, with physical thefts slowly rising in recent times. In this case, no one is better than the other, as each are prone to hacks and thefts. Well anyone who possess some valuables on their hands, especially a substantial amount have it coming their way anyway if they are unprepared against such attacks.

Are you serious? AFAIK, government can't print as many as they can as it will result to deflation of the value and it really needs to be backed by something neither gold to be specific.

From all of the three, nothing is perfect and still have its flaws thus nothing should be eliminate, our mode of payment is getting better with the help of bitcoin hence gold and fiat is still the norm in the economy. The more our options, the more it will be convenient.

It is unlikely Bitcoin replaces the gold market over the next decade.
Would the government build highways if only a few people had cars? NO. Bitcoin is an evolution in money and value transmission, but it will likely take time to build broad-based trust.

right, it is not a matter of choice actually. btc investors don't pay attention whether it is legal or not, they just want to try it.
while fiat and gold is another league

..whatever it is,,fiat money is the most important factor in the economy..Bitcoin and gold plays important role in human's life..but the most durable is the fiat money,,because without your fiat currency you cannot buy Bitcoin and gold..Bitcoin and gold are key factor in your investments which you can use in order to increase your fiat money..

To incorporate a perspective on Bitcoin among all world money, Howmuch has made insightful visualizations. Apart from money, gold has played an important role in the game of money because of its scarcity and selling power. Gold was still the basis of money in the 1960s, in an unbroken line that stretched to the beginning of history.

I don't think that the government can easily to print the fiat because soon, the sources of materials for the paper will reduce a lot and in that time, the government needs to think about solving that problem and that will not easy. I think in that time, they will change from paper into something like bitcoin and who knows, the government finally decide to use bitcoin for a new payment system for their country.

Bitcoin isn't different from the two, the thief could do the same on the owner until they give the necessary information to access their wallets.

It already happened to one person here's the thread (https://bitcointalk.org/index.php?topic=5117466.0) that was started last month, even if Bitcoin is secure it doesn't matter the result stays the same when your life is on the line.

Bitcoin can still work as a payment network if such scaling solutions like the lightning network will be successful. And for this, first, it needs to establish itself as a means of preserving value in order to reduce its volatility.

in general, I would certainly use fiat, compared to bitcoin and gold. however, now I am aiming to find as many bitcoins as possible I did this to produce gold as a real investment. besides that gold and bitcoin can be a back up of fiat.

and governments can also restrict gold in their countries, they may also have problems with Fiat, so do not get bitcoin problems when you know that gold and Fiat also have their problems


No


this is your opinion


I hope nobody will waste time arguing with you because it will be useless.


And what are you doing here?

Thanks for your information , it is one of the well written comparison thread . But whatever the theoretical fact I am brlieving on gold over bitcoin because money depreciation may happen at any time . Either fiat or crypto currency . But gold will be having its actual value either in this country or any other .

I would really like Bitcoin to be hung up on gold. But it seems to me that in the near future this will unfortunately not be. Gold is really something that will always be appreciated. I would also like to say so about cryptocurrency.

Fact: in 1825, aluminum was worth 1500(!) times more expensive than iron, and in 1852 its price rose above the price of gold and amounted to $ 1,200 per kilogram.
Once upon a time a foreigner came to the Roman Emperor Tiberius (42 B.C.-87 A. D.). He presented as a
gift to the Emperor a bowl that he had made from metal shining like silver but extremely light. The craftsman revealed that he knew how to obtain this metal, which was unknown to all, from clay. The sense of gratitude probably rarely burdened Tiberius, and as a ruler he was not very far-seeing. Being afraid that the new metal, having
wonderful properties, would lessen the value of the gold and silver stored in the treasury, the Emperor ordered that
the inventor's head be chopped off and his workshop destroyed so that no one could be taught to produce this
"dangerous" metal. This history, related by the ancient historian, Pliny the Elder, has brought us information on the
first and, unfortunately, not quite pleasant acquaintance of man with aluminum.
https://link.springer.com/article/10.1007%2FBF00741130

Since then, someone has found an easy way to mine aluminum
What do I mean by that? If they find an easy way to mine gold? What then?

It's a difficult question that is Bitcoin vs Gold vs Fiat. These things are totally different on their way of uses. Bitcoin is a cryptocurrency on the other side Gold is a natural assets it's produce naturally and last is fiat money or real money. These all things we need for our economics these all are important part of our financial activities. Moreover i think fiat is more important than gold & btc because still we more depends on fiat. If you have fiat then you can buy gold & also btc.

Nice post.
Fiat does not deserve a massive 24 Points though.  I think 2-7points should do. The only thing I like about fiat it is the physical aspect that makes censorship from government difficult . Digital Fiat without real censorship resistance and transparency would make things worse for fiat

good explanation, do you know the creator of the book "Dad poor Dad" he is Robert Kiyosaki from the USA? he said that the value of fiat will disappear significantly, and will be replaced by BTC and gold.

slowly, BTC will replace fiat. and gold will be an important asset to save value.

Robert said that fiat will get a big accident, that is the equity bubble and the debt bubble.
I added with the crisis bubble.

Robert is a person who supports BTC and gold.

Cryptocurrency can not be compared with gold and even paper money. Cryptocurrency is almost the exact opposite. Each of these financial assets has its strengths and weaknesses. For example, with some global cataclysms, the cryptocurrency may disappear, and its technology may be forgotten forever. Paper money can also lose its value, especially if, for various reasons, the sphere of state influence on society will be redistributed. In this regard, gold wins the most, which in fact is an eternal value for man.

Bitcoin is always better than gold and fiat currencies in many ways
but gold has proven itself inflationless since thousands of years ago, while bitcoin has not been able to prove it, it's just that in the future I'm sure bitcoin will become an inflationless currency

I think you don't need to compare the three because they can coexist, like what is happening in the reality. Maybe one of the reason why bitcoin has many haters is that some compare them which we the first place we don't need to do. Let people know the importance of bitcoin. We don't need to pull others just to push bitcoin up. Let bitcoin's characteristics speak for itself. Yes we can use bitcoin as a form of investment, we can use it in mining, we can even use bitcoin in trading using exchanges like what I am using specifically darb exchange (https://darbfinance.com/?=crowd) so that we can earn money by trading, we can even use it in online gambling. But, we don't need to tell these things. Let people see it for themselves.

Certainly, you can't control bitcoin with fiat because they are different league.
You can compare with gold and yes, it's more advantage for using btc rather than using gold because crypto can be act like fiat + long term invesment like gold.

2 benefit in 1 thing !

Gold is something which is stable and will always have stable solid value. If you hold gold, you will never be in a loss because Gold demand can never be less. Fiat will end one day and bitcoin will replace it soon. Bit then one day bitcoin will be replaced by some other currency, so you can never hold bitcoin or fiat for indefinite time but gold can be held unlimited with no fear of loss.

No doubt, GOLD >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>Bitcoin>>>>Fiat

If you think people all over the world would prefer Bitcoin over GOLD, open your eyes and think again. Bitcoin is still nothing but a very technical crypto/internet money. Consider the viewpoint of many average non-techie persons.

Such a access is not possible with fiat, where the value is stable. Even with forex one cannot get a good margin depending on the difference between time. Gold on the other hand gives the trust on the investment, with its years of history and the rare availability and regulated usage. With bitcoin user gets access to use as fiat and the same serves as an investment even when it is on our own wallet.

Look at this, and you understand...

https://twitter.com/gneffa/status/1123902425495109637

Every investment has its advantages and disadvantages. For now, Bitcoin has an extraordinary appeal.
Many people benefit greatly when they invest in Bitcoin, so in my opinion Bitcoin investment is far more profitable today.
But it should be remembered that the risk is also much higher. We must do according to our abilities.

Bitcoin can still be considered to be very young therefore its adoption is not yet that massive...but hopefully as years go by people and organizations can see its real value and would want to be a part of the Bitcoin bandwagon. There are many obstacles and opportunities as well on the road towards Bitcoin success. I am sure that fiat and gold will still be here to stay but Bitcoin can be moving upwards too. Time is coming when big institutions and even governments would choose to ally with Bitcoin for different grounds and reasons and by that time we can see Bitcoin rise as the best star in the world of finance and international commerce.

all three are assets that many people are currently looking for, and I think gold has always been the third, because so far, I only know that gold is used as an investment tool. however, I might choose Fiat, and Bitcoin for now. when my goal is achieved, I might buy some gold to invest.

Do you know how to buy gold for bitcoin? There are no problems buying with fiat, that's right.
I think it would be better if diversify. Part of the funds stored in gold and bitcoin as an investment, and part - in fiat for current expenses.

well, your post looks very good and of course, you worked hard on it still this topic does not provide any value to the forum. this topic is already discussed millions of times already for a couple of years where people were just spamming whatever they know about it. I am surprised some people gave you merits though but I don't think this post should get merit ( at least from me). next time just select a good topic for research instead of an easy topic that way your work will be really appreciated.

Afaik This question is explained too many times but people still love to debate this  .


Bitcoin and fiat are both currency but gold is not . bitcoin and gold are both an investment asset but fiat is not  . by looking at my analysis you can clearly see that bitcoin can work for both currency and asset use  .so bitcoin is i think the winner between the three of them  .  

But but but  ....    The only disadvantage i think of bitcoin is bitcoin dont have a physical form  while gold and fiat do have their own offline version  . and fiat is still the king when it comes to offline transactions   . while gold is still the king when it comes to offline investments  

That's why we should stop thinking that Bitcoin will a day replace fiats. It must be considered as an alternative currency.
But the adoption of digital payment methods has exploded in recent years (and it can represent more than 80% for some countries). So what you call a disadvantage can also be an advantage.
Gold is far to be the best offline investment. A lot of people don't even consider it as an investment

The gold problem now it is represented in part even from the crypto market. Since 10 years gold is not raising anymore. It doesn't seem a good investment right now but it is definitely a safe investment. People bought gold 6-7 years ago when market value was very high, are loosing really much. But the history is teaching that Gold always raised value since 1800. It's a long run but it works.

Very old period of time, people used Barter, even my grandfather has also not seen barter system, it was too much old period.
But you are right, fiat overcome on barter and before 10 years people believe only two things fiat vs Gold, but now Bitcoin is also include in it. The surprising thing is, bitcoin get success more than fiat and gold and also in future bitcoin will be overcome on them.

That is the worst part of fiat currency they keep blocking account and freeze transactions. Decentralization keeps bitcoin balance and it is favorable to its user or traders. They can do whatever they wanted anonymously it also has an advantage in gold because the government cannot manipulate it.

Here we can see that Bitcoin has won. Bitcoin is one of the most influential and acceptable cryptocurrencies in this period. Bitcoin's usage is increasing day by day, in many cases, Bitcoin's acceptability is increasing. In the future, the acceptability of this will increase, which we can see in this post. I think one time people will give more importance to Bitcoin than fiat money.

One day we could see bitcoin as a worldwide currency that is used most people but I think we are far away from seeing that happen. Even though bitcoin is growing by each day I think there is no way it could compete with fiat or even gold right now as some people don't even know what bitcoin or cryptocurrency means.

Bitcoin, gold, and fiat will exist and complement one another. Bitcoin is inherently deflationary like gold and is a store of value. Fiat currencies allow governments to manage and guide the economy, and tend to be inflationary. I thus see bitcoin and gold as stores of value and fiat currencies for spending on common goods and services.

Just an idea - What about the possibility of Crypto being used as the main form of transaction with Gold and/or other metals as day to day anonymous transactions?

Lets be brutally honest, Paper Fiat is and will probably be history one day, but we will still need a form of anonymous transaction off the chain. Maybe "metal X" will be backed by Crypto?


Just talking openly here :D

I think that the fact that bitcoin has a decentralized system and an anonymous transaction system does not make it a candidate to be used at governments reserves, the BTC is more feasible as a market currency than a reserve currency.

This is well put together and I like that you made a graph. You have put a great deal of effort into this. For me bitcoin is a clear winner and doesn't even need thinking about. YOu went into depth about things which is great. I just don't see how you can make gold second and so close to bitcoin yet so far from fiat. The thin is you can't use gold in day to day life. I can't pay for anything online and I cannot pay for anything offline unless it is expensive or I shave off a piece of gold? Fiat replaced gold coins a long time ago.

Bitcoin, Gold, Fiat for my own treating thats three most valuable important investment with different value depends on the holders how to treat as valuable investment. And its clear most of the people knows bitcoin as investment for sure bitcoin is number pick.

According to the analysis, we find that Bitcoin is better than gold with a small difference. Bitcoin has a much higher price than gold, and a high degree of volatility creates a lot of risks. Investing in Bitcoin investors suffers a lot of risks but is highly profitable. Gold has low risk but low profitability and is suitable for safe options.

Value of the Dollar Today

It is better to not comparing between bitcoin, gold, and fiat because each of them has different although right now, we can use bitcoin as the payment method. People still using fiat for making the transaction, and people use gold as their investment for their future, but many of them don't know about bitcoin so they might only know gold and fiat. If they can know and learn bitcoin, I think they will use bitcoin as the other investment type, and they will know that there is not the only bitcoin that will be their investment, but the altcoin can be the next option for the investment.

Steadily balance a portfolio of all three and you'll sleep better... and for some people, you'll be less irritable on internet forums. 

 :D

I agree with your opinion, don't compare bitcoin, fiat gold because everything is used as it should be. it's true that if everyone knows, about BTC as another investment, maybe there will be a lot of people investing, but unfortunately there are still many who don't know

There is no doubt that Bitcoin is better than any other alternative present in the current era. Bitcoin is not only used in place of money but also can be used in different exchanges and different investment plans. That's why it has the highest number of scams and hype around when it was started. It attracted a lot of attention when it was new and it still does. Big companies are still trying to get their hands on this new technology and of course, many individuals have already working on new projects involving blockchain.

I do not see any winner here. Curious, how can people compare metal (precious) that can be used anytime, anywhere and at any conditions, fiat, that has its minuses but simple to be used and virtual currencies?

I completely agree with your opinion, because in any sphere of human activity a very successful Bitcoin, Fiat and gold are used.  In any case, gold is an indispensable tool for investment at all times of human existence.  Fiat is still in demand for most people, because there is no knowledge of cryptocurrency, there is no demand for cryptocurrency and the lack of specific infrastructure for using cryptocurrency.  As for Bitcoin, since 2009 Bitcoin has already shown very good results and the blockchain technology is used in a wide range of human life.  This situation will expand as cryptocurrency is popularized and the introduction of everyday life.

You have compared btc with physical gold.
How about comparing btc with a gold-backed stablecoin?

Why?  Who cares?

For example, if you compare the transaction speed of Bitcoin vs. Gold, it doesn't make any sense to compare Bitcoin with a piece of rock.

Gold ownership can be traded physically (as a piece of rock) or digital (as a stablecoin)

It only make sense to compare digital (Bitcoin) with digital (gold-backed Stablecoin)

Yes, we need to explain to them that bitcoin can be used as a new investment type as gold and the best is people can buy any amount of bitcoin even for the small amount. I think people will like to invest in bitcoin because they don't have to buy in large part of bitcoin. That will help them to invest in every month, and they will see that their investment will give a big profit for a long time.

I disagree. Both hold value which is why it makes sense comparing their values regardless of whether they are physical or digital in nature. Bitcoin will always be compared against its primary competitor which is FIAT basically.

This could be a problem. You sound like you are guaranteeing profit which is not possible in this extremely volatile market. We need to help people view BTC as a currency primarily in order to improve adoption rates.

That was a good comparison but I already knew bitcoin will win on the way. But if I was to choose on what will I keep? It's going to be bitcoin and gold. I believe fiat has already accomplished its purpose and it's time for digital currencies to replace it just like how cable tv dethroned by the internet. In the future, the demand of bitcoin will shoot up drastically so I'm going to save more btc than gold.

Even though Bitcoin has won on your comparison, people will always choose what is more reliable, stable, effective, and legal. Fiat and Gold are proven and tested, also are known to every people, while Bitcoin is not yet in their level.

You're right! Bitcoin is a much higher level.

Possibly if this happen, one is expected to leave the country that is not accepting Bitcoin  to the country that does simple. Sometime, issues that are not trivial shouldn't be. Leave the country will be the best solution mate. In my own country, Bitcoin is not legal and not illegal, so am happy holding it till when it become legal, and when it turns out to be illegal, then i wil travel to another location.

I think that they will be in such a situation that Bitcoin will be banned in some countries.  Although this can only be in totalitarian countries, And all civilized countries that introduce High technologies into the daily life of their people will use Bitcoin and other cryptocurrencies.  In any case, there were already statements that the issue of cryptocurrency will be considered at the next G-20 summit.

Bitcoin is the digital currencies of electric cash for every country,it is the real money for the network.

Gold is an element for the chemical of the earth .it's a transition metal.

Fiar is a currency of the government, it's money that the government declares as legal tender.

A country can't just ban something. There is no way to prove who holds crypto and there never will be. They will waste the courts and judges time. The judge will be annoyed for having time wasted and this little cherade will just end up costing the taxpayer and give no benefit. What will you do to people who hold bitcoin if somehow you can find out they have some? This will never happen.

https://bitcointalk.org/index.php?topic=5151153.0

Check out Bitcoin vs Gold vs Fiat vs TIME!

Yes, bitcoin now has fans and users who are increasing. for me bitcoin will continue to grow because when more and more people are interested in bitcoin it will grow the digital currency market well. indeed, each media has its advantages and disadvantages, it should be remembered that currently technology is becoming a thing that continues to grow and digital currency can be said to be the first choice in the future.

Bitcoin Risk Adjusted Returns vs Other Assets

At the moment, Bitcoin is ahead of the rest
https://i.imgur.com/8ANwLQ1.png
http://charts.woobull.com/bitcoin-risk-adjusted-return/

Best bet is to be balanced between all three.   "All in" on anything is gambling. 

I think bitcoin, gold and fiat currencies have a positive side and a negative side. Each of them have advantages and disadvantages. Bitcoin can provide a huge advantage if we play actively. The more the number of bitcoins we have and if we play actively the profits we get are also getting bigger. But we must have a strategy in playing bitcoin because the price is very volatile and it is very possible that the price will drop suddenly. If the price of gold will definitely rise steadily and is very potential as an investment. The price will not fall so it is suitable for long-term investment. If the fiat currency is run centrally so the price is quite stable.

It is smart to balance, even between all three as you suggest, but surely, such balancing would be a rare to justify equal parts. 

For example, bitcoin does the vast majority of what gold is purported to do, which is a hedge against the dollar, so having any more than 5% to 10% in gold  as compared to bitcoin would be an over investment in gold.

For someone starting to invest into bitcoin, they would likely be better situated if they establish themselves in various ways first, at least covering their fiat expenses before allocating to bitcoin, and 10% in bitcoin, as compared to fiat investments seems like a good start.. but with the passage of time, bitcoin is likely to appreciate more than fiat, and therefore it would be justifiable to allow the allow the bitcoin allocated balance to become more and more weighted towards bitcoin.... maybe cashing out a bit of fiat along the way for likely inevitable BTC volatility insurance purposes.

Yes. You don't need to have a currency backed by anything. It's backed by the value it's given and by its technology. I do think investors will make a good profit if they invest now. Bitcoin can only go up.
Yes is is true that we should teach people that bitcoin is a currency not a way to make money. But the currency is strong and new and the market has opportunity ofr profit. Only invest if you believe in bitcoin tehcknology

It all depends on the individual.   I wasn't suggesting equal parts for everyone.   Age, lifestyle, children, debt exposure, etc. are all issues.   For me, I still believe in a heavier fiat/gold/real estate foundation of 80% (roughly) and only a 10-20% in crypto (and that varies greatly, because that's the one asset that I readily flip depending on the market).   If we're being realistic, it's the only asset in the discussion that has the greatest possiblity of going up greatly OR to zero.   

There are also speed issues involved... crypto moves faster, so again, it could mean greater rewards, but it also means faster crashes.... you're much more likely to be able to adjust accordingly to market issues involving fiat, gold or real estate.   

Let's make an example.

If you compare which one gets moves faster, it doesn't make any sense to compare a digital entity with a physical entity.
Digital moves clearly faster than a piece of rock.
So, does it mean that Bitcoin can get exchanged faster than gold?
No

How about putting gold on the blockchain?
Let's compare Bitcoin with a gold-backed stablecoin.
Which one moves faster?
That's a question which makes sense


Divisibility
Bitcoin
Bitcoin is divisible out to 8 decimal places, which opens up the possibility for micropayments where txs can be completed for fractions of a cent.   
Gold
While gold can be divided into smaller amounts, it becomes impractical to use small specks of gold in commerce.

So, Bitcoin wins?
Of course it wins, because you consider gold only in physical form.
How about putting gold on the blockchain?


Who is faster, Peter in his car or Paul with his bicycle?
The question doesn't make any sense.
Put Paul in a car, then it makes sense.

It is unfair to compare the portability of a piece of rock with the portability of a digital currency.
If you can digitalise the ownership title to that gold, it is unfair (to gold).
As soon as you put that title on the blockchain, that gold can get bought and sold digitally, then comparing the portability of gold with the portability of Bitcoin makes sense

"It can be moved and transacted in small amounts but becomes impractical when dealing with larger values because of its weight."
So, Bitcoins is more portable than gold?
No
Bitcoin is only more portable than physical gold.
As soon as we consider gold-backed stablecoins, gold is as much portable as Bitcoin.
If I own 3 tons of gold as gold-backed stablecoins, who cares about the weight

When you compare two things, you have to consider them under the same circumstances