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Bitcoin => Bitcoin Discussion => Topic started by: ConnerDalfino on September 18, 2021, 10:30:11 AM



Title: Bitcoin or Gold: Superiority
Post by: ConnerDalfino on September 18, 2021, 10:30:11 AM
Question

The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?

Here are my thoughts

A valuable store of value and medium of exchange, gold has been around for five thousand years.

Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.

How do you feel about this?


Title: Re: Bitcoin or Gold: Superiority
Post by: Tim-BTC on September 18, 2021, 11:21:45 AM
The correlation between Bitcoin and the two is almost zero. Bitcoin is an ideal tool for spreading risk. In addition to traditional investment products, bitcoin can account for more than 30 percent. I’m 70% bitcoin, 20% altcoin, and only 10% bank fund.


Title: Re: Bitcoin or Gold: Superiority
Post by: cotton ball on September 18, 2021, 11:26:52 AM
if I personally prefer bitcoin, because the price of bitcoin is so tempting and investing in bitcoin in the long term will certainly provide fantastic profits, if I invest in gold, the profits that are obtained are certainly thin, even though bitcoin has a high risk. great, I still choose bitcoin as my favorite ..


Title: Re: Bitcoin or Gold: Superiority
Post by: Dhoe on September 18, 2021, 11:38:44 AM
gold and bitcoin, managed to become one of the most profitable investment assets in the first half of this year. However, the simultaneous increase in the value of the two assets brings back the creation of which asset will be the better store of value. Gold or Bitcoin, which is more profitable? if I personally think I prefer to invest in bitcoin, the big risk is definitely the profit we get will be great too..


Title: Re: Bitcoin or Gold: Superiority
Post by: Nunoluck on September 18, 2021, 11:48:42 AM
I think the value of gold is not really rise or fall, it is fiat price that fluctuates and tend to fall. I don't consider gold as investment but just a safe saving. I think the price of bitcoin rise is not because of it competting with gold, but it is because bitcoin competting with weak currency that have high inflation rate. People start to doubt about fiat money and looking for an alternative currency such as bitcoin.


Title: Re: Bitcoin or Gold: Superiority
Post by: zanezane on September 18, 2021, 12:06:08 PM
When it comes to situational utility, I would say that gold is much more superior because it can still be traded and available in a economic collapse or hypothetical apocalypse setting, people likes shiny things so it's still has some worth. But no doubt that bitcoin is superior in terms of growth though.


Title: Re: Bitcoin or Gold: Superiority
Post by: cryptoaddictchie on September 18, 2021, 12:32:52 PM
For me its the same however, in terms of superiority, use cases and legality. We all knew gold is the winner here. On the other hand, bitcoin somehow gives us a very huge profits but its not all about profits since its value could also turn down anytime. So we cant say bitcoin is that sustainable compared to gold that every country accepts it for its very spread usage all over the world.


Title: Re: Bitcoin or Gold: Superiority
Post by: firesurfer on September 18, 2021, 12:58:15 PM
There are up to 180 billion dollars in gold trades on daily exchanges, while Bitcoin has only about 35 billion dollars.
Most of the major countries hold huge amounts of gold, up to tens of thousands of tons. In addition, institutional investors and individuals also own a large amount of gold.
In terms of capitalization, gold is many times larger than Bitcoin.
The world is gradually changing, people are paying more attention to Bitcoin. In the distant future, Bitcoin could have a market capitalization equal to gold and a larger trading volume.


GOLD
https://i.imgur.com/AnX2TOZ.png



BTC
https://i.imgur.com/URKu6FJ.png


Title: Re: Bitcoin or Gold: Superiority
Post by: Assface16678 on September 18, 2021, 02:26:51 PM
Both of them can gain profit however the biggest profit will be from Bitcoin. So the choice for me is btc, how ever due to its volatility, you need a perfect timing whether in what time you will buy in order for you to gain more profit. In the long run, the highest possible earner if you bought the two is still btc.


Title: Re: Bitcoin or Gold: Superiority
Post by: Kanjeung on September 18, 2021, 02:42:48 PM
Question

The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?

Here are my thoughts

A valuable store of value and medium of exchange, gold has been around for five thousand years.

Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.

How do you feel about this?
I agree with your opinion, that we should never be arrogant about your income or your success with cryptocurrencies, because it is a trap that can eliminate everything, if traders have strong knowledge in cryptocurrencies keep thinking positive and mentally strong. never cause stupidity. regardless of your question, that feeling I still choose bitcoin for future assets, but what I fear, will bitcoin last as long as gold that existed before 5 thousand years ago?


Title: Re: Bitcoin or Gold: Superiority
Post by: mindrust on September 18, 2021, 02:45:33 PM
Gold is finished. The new age belongs to Bitcoin. The writing is on the wall. People don't want to invest in gold anymore. It is a pain in the ass to store, it is not useful as a currency anymore, it is not interesting.

Bitcoin has a huge potential on the other hand. Remember there is only 21 million bitcoins and if every dollar millionaire wanted 1 bitcoin, they couldn't get it.

Bitcoin is clearly superior to gold in every possible metric there is.


Title: Re: Bitcoin or Gold: Superiority
Post by: ropyu1978 on September 18, 2021, 02:54:33 PM
Investment trends among young people are now increasing drastically. Those aged 18 to 25 years often choose investment instruments in the form of mutual funds, bonds, stocks, to cryptocurrencies or cryptocurrencies. So that Bitcoin investment is suitable for millennials because it suits their lifestyle. Meanwhile, gold investment is suitable for those who want to make long-term investments. Whether as an investment instrument for students or ordinary people, anyone can invest in gold because it is easy, flexible, and gets quite tempting profits. But personally I prefer to invest in bitcoin..


Title: Re: Bitcoin or Gold: Superiority
Post by: mrongoz_imut on September 18, 2021, 03:06:16 PM
bitcoin or gold, gold does have its own charm, especially for women, because most women almost all use gold, and invest in gold, but gold must be stored for a long time, then you can get a profit, but now it's millennial era , it is certain that many young people play in bitcoin, especially me personally, because bitcoin does not have a third party..


Title: Re: Bitcoin or Gold: Superiority
Post by: Ekeleboy on September 19, 2021, 07:28:42 AM
Gold might have been the surest investment years back but it's certainly bitcoin this days. There are no investments without risks. Investing in gold has it own risk just as investing in bitcoin does.
I think the only difference between these two is that one is a natural resource, looks like it'll be around for years while the other, a digital currency has the support of most youths.
All the same bitcoin has it when it comes to investment.


Title: Re: Bitcoin or Gold: Superiority
Post by: pooya87 on September 19, 2021, 07:29:25 AM
Is it really necessary for us to still debate which of the two is superior?
They shouldn't even be compared in first place because it is like comparing apples and oranges. Bitcoin and gold are not even in the same category to be compared.
Bitcoin is a currency while gold is a precious metal that hasn't been used as a currency for hundreds of years. Bitcoin is a new technology, an invention, that has been growing in adoption around the world while gold is there for investment only and has little more utility.


Title: Re: Bitcoin or Gold: Superiority
Post by: tabas on September 19, 2021, 07:58:38 AM
I have my bias for bitcoin as always. But if it's about superiority, let's all end the debate. Because it will be an unending debate about these two. These two are different on their own basic thing and character. You can buy things with bitcoin directly today while gold, you have to exchange it first which is the first nature of bitcoin. I would love to have many gold as much as I want. But I just can't and will focus on owning bitcoin instead.


Title: Re: Bitcoin or Gold: Superiority
Post by: Rokon5 on September 19, 2021, 09:49:48 AM
Bitcoin and Gold is very important for trading.I think Gold is better than Bitcoin because most of the country is the world are directly trading in gold trading and central bank are reserved gold for their economic survive.180 billion dollars in gold trades on daily exchanges, Otherwise  Bitcoin has only about 35 billion dollars but both are essential for traders.


Title: Re: Bitcoin or Gold: Superiority
Post by: junmisakiro on September 19, 2021, 09:50:49 AM
There is nothing to argue about, Bitcoin will not replace Gold and vice versa the two assets will always go hand in hand and both complement each other, because bitcoin and gold have proven to be an excellent investment choice when the world economy is not good, because that affects the prices of both These assets are supply and demand.


Title: Re: Bitcoin or Gold: Superiority
Post by: rhomelmabini on September 19, 2021, 10:05:14 AM
In the long run I think Bitcoin will be superior compare to gold if we're talking about market and value. It's a fact that more and more major institutions eyeing this market and they can't ignore it, I'm saying this is the new revolution.


Title: Re: Bitcoin or Gold: Superiority
Post by: KaliLinux on September 19, 2021, 10:25:12 AM
Question

The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?

Here are my thoughts

A valuable store of value and medium of exchange, gold has been around for five thousand years.

Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.

How do you feel about this?

You are right about Gold being around for thousands of years and have been at the forefront of investment for most investors until the emergence of Bitcoin and has taken over that sport.

Bitcoin V Gold back in 2010
https://i.imgur.com/wTVfiyg.jpg

Same 2021
https://i.imgur.com/BPYteoy.jpg
You will see the difference in profits between the two entities if you have invested in Both with the same amount over the same years

Source Bitcoin vs. Gold (https://www.longtermtrends.net/bitcoin-vs-gold/)

See the percentage difference increase between the two over the years and realize this might just be the case forever and think whether you are making the right choice investing in whatever you are investing on. I know I will keep 70% of my investment too in Bitcoin.






Title: Re: Bitcoin or Gold: Superiority
Post by: Marvell1 on September 19, 2021, 10:31:29 AM
I think the value of gold is not really rise or fall, it is fiat price that fluctuates and tend to fall. I don't consider gold as investment but just a safe saving. 
For me gold is a store of wealth, the value of bitcoin increases day by day but there is always a risk involved. So I don't put all my assets in bitcoins, I allocate them.
I think the price of bitcoin rise is not because of it competting with gold, but it is because bitcoin competting with weak currency that have high inflation rate. People start to doubt about fiat money and looking for an alternative currency such as bitcoin.
People are slowly realizing government manipulation through fiat and bitcoin is clearly the perfect alternative to fiat. Bitcoin is getting a lot of attention from the outside community. With limited supply and transparent, decentralized what people are looking for that fiat doesn't have. This causes the value of bitcoin to increase.


Title: Re: Bitcoin or Gold: Superiority
Post by: amishmanish on September 19, 2021, 10:38:45 AM
Here are my thoughts

A valuable store of value and medium of exchange, gold has been around for five thousand years.

Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.

How do you feel about this?
I cannot help but agree. The stupid arguments between Schiff and McCormack/ Udi on crypt-twitter have become cringe. Gold is just that, Gold. You can never have a great portion of your invested assets in Gold because of the simple fact that it is not very useful to keep and does not appreciate well against inflation. People still continue to keep it for the aesthetic value and that will always remain the "pull factor" of gold. People just cannot have enough of it.

A lot of us feel the same way about BTC and other things crypto. They seem valuable to us and we want to accumulate and be able to use them more. In terms of pure utility, Gold is clearly nowhere near Bitcoin or other cryptos. Yet, this approach of somehow pitting Gold against BTC is just Schiff's way of garnering attention. Gold and BTC are two very distinct things. In the next 10 years, if you have all the normal assets (stock, real estate, cash) but don't have Gold, you won't be in a losing spot. The most difference it'll make is that you would want to buy some of it just to balance.

On the other hand, ten years from now if you don't have multiple digital assets and a safe, sound holding of Bitcoin and associated usage experience, you will have clearly missed the opportunity of our generation.


Title: Re: Bitcoin or Gold: Superiority
Post by: Shasha80 on September 19, 2021, 10:43:31 AM
There is nothing to argue about, Bitcoin will not replace Gold and vice versa the two assets will always go hand in hand and both complement each other, because bitcoin and gold have proven to be an excellent investment choice when the world economy is not good, because that affects the prices of both These assets are supply and demand.

Since the beginning, it was created by Satoshi Nakamoto, indeed Bitcoin is not to replace Gold or fiat. So both Bitcoin and Gold will run separately
and will not compete, because I believe they both have their own market. In fact, quite a lot of investors invest in both, because Bitcoin and Gold
are currently safe assets for long-term investments. Especially in a pandemic situation like now it is highly recommended to invest in Bitcoin or Gold,
both of which can be a store of value.


Title: Re: Bitcoin or Gold: Superiority
Post by: so98nn on September 19, 2021, 01:07:13 PM
The debate will always be there because no two minds can ever meet or agree on the same page if they are from different streams. Honestly bitcoin and gold are two different entity and they should be kept or discussed as two different entity.

I have myself used example of Gold to compare the bitcoin's strength but now I see there is no point. Both of them literally different from manufacturing / minting point of view to their usage in the real life. If you ask an Indian whether they will choose the Gold or Bitcoin then they will averagely say yes to Gold only because Gold is symbol of devotion and emotion inhere.

So yeah bitcoin is king in it's crypto space and well Gold is gold.  :D


Title: Re: Bitcoin or Gold: Superiority
Post by: songchunlai on September 19, 2021, 01:19:01 PM
Comparing gold to Bitcoin is like comparing seashells to gold at 3000 years ago. Therefore, with the improvement of human productivity, the value target is also changing.


Title: Re: Bitcoin or Gold: Superiority
Post by: DaveF on September 19, 2021, 01:49:21 PM
Which one is superior is a really vague question.
Which vehicle is superior a Lamborghini Aventador, a Kia Sorento or a Ford F 150 pickup truck.

If I want to go fast and look cool it's the Lamborghini, if I need to move a large pile of bricks and some lumber its the Ford. If I want to go on a road trip with 3 or 4 other people then it's the Kia.

Which BTC vs gold? For day trading? For long term investment? For stability?

I hold BTC and metals and other investments. They all have their use.

-Dave


Title: Re: Bitcoin or Gold: Superiority
Post by: Chathusand on September 20, 2021, 02:21:01 PM
Bitcoin or gold, gold has its own allure, especially for women, because almost all women use and invest in gold, but gold must be stored for a long time to yield a profit, but now that we are in the millennial era, it is certain that many young people, including myself, play in bitcoin, because bitcoin has no third party.


Title: Re: Bitcoin or Gold: Superiority
Post by: NeuroticFish on September 20, 2021, 02:33:31 PM
Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.

If one has the funds for it, diversifying is clearly the key. Gold, bonds, stocks, real estate, and why not, entire companies. The thing is.. one has to have really big funds to actually get to diversify.
And, on the other hand, bitcoin had the biggest returns for the last 10 years...


How do you feel about this?

I feel like "meh, why this question again?". I mean, this topic was discussed so many times, I don't know what your point is. Are you trying to advertise gold to bitcoiners or what? Why aren't the other diversifying options in the topic?


Bitcoin or gold, gold has its own allure, especially for women, because almost all women use and invest in gold

Are you aware that investing into gold doesn't mean to buy jewelry? I mean, your comment looks a bit off...


Title: Re: Bitcoin or Gold: Superiority
Post by: Rajamuda on September 20, 2021, 03:13:55 PM
There is no need to debate which one is superior, let it be responded to naturally by many people because each has its own advantages and includes the way as a helper to encourage income in terms of investing in particular. What makes the difference is the judgment of each of us, how to respond between gold and Bitcoin, also the range of experiences associated with gold and Bitcoin.
Well, but in terms of the new era... I think it's like being more prominent on Bitcoin, but that doesn't mean gold will be forgotten.


Title: Re: Bitcoin or Gold: Superiority
Post by: oktana on September 20, 2021, 06:49:38 PM
Bitcoin still wins because if you weigh their advantages or maybe disadvantages, you'll see why you'll forever want Bitcoin over gold.

Comparing the mobility of both assests...

Gold
  • Imagine you have some gold, you cannot carry it around because you are endangering yourself
  • Imagine you want to sell or buy gold, tests will be conducted to ensure that it's original
  • How about the fact that gold requires papers to show proof of ownership
  • Or have you forgotten that it's only safe to store it at the bank(which requires your identity)?

Bitcoin
  • Your bitcoin is in a digital wallet which can be in your phone (no one can ever tell if you have any)
  • Bitcoin is Bitcoin, you don't take it to anyone to conduct any test.
  • You don't need any paper to proof that your Bitcoin belongs to you (as long as you have your private key, it's yours and yours only)
  • You do not store Bitcoin in a bank, you store it in a digital wallet that does not require any sort of private documents.

There are actually a lot more to mention... Feel free to add. ;)


Title: Re: Bitcoin or Gold: Superiority
Post by: haasanjui on September 21, 2021, 06:49:12 PM
It is modern world and and many new currencies are introduced and Bitcoin is most famous and precious coin of Crypto and it is valued more than gold. In gold you can only buy but in bitcoin  you can invest amd trade and get profit. I suggest you to invest Bitcoin not in gold.


Title: Re: Bitcoin or Gold: Superiority
Post by: Mamun74 on September 21, 2021, 08:06:46 PM
For me, I choose Bitcoin. These things are valuable and i think bitcoin is most valuable. Bitcoin is a digital currency and Gold is an old asset. Now we are modern world and now we choose undoubtedly Bitcoin. Bitcoin is developing more and more.This year bitcoin price increase and i hope bitcoin price more increase in future.


Title: Re: Bitcoin or Gold: Superiority
Post by: GeorgeJohn on September 21, 2021, 08:25:02 PM
The correlation between Bitcoin and the two is almost zero. Bitcoin is an ideal tool for spreading risk. In addition to traditional investment products, bitcoin can account for more than 30 percent. I’m 70% bitcoin, 20% altcoin, and only 10% bank fund.
I think we are differentiating bitcoin and gold, really what they really want to get the concept or fact is the correlation between gold and bitcoin, from my point of view bitcoin is new currency which is not up twenty years but have influence and values than gold, because of it's positivity in the society and it's profit, what we should be asking is that while is it that bitcoin is dominating over gold, and while gold is getting valueless since bitcoin started existing.


Title: Re: Bitcoin or Gold: Superiority
Post by: BlackHatCoiner on September 21, 2021, 08:37:21 PM
Superiority upon what?

Price stability? Well, obviously gold is superior upon Bitcoin in it. You can't really compare a thousands-of-years agreed asset with an innovative idea of digital money. Not to mention that Bitcoin is owned mostly from individuals in contrast with gold which is mostly from governments. It is doomed to be much easier to manipulate than gold.

Store of value? Well, that's also tough question. Maybe in terms of ability, Bitcoin is better than gold, because it can be transmitted within a second across the world. Due to the price instability, though, you can't guarantee that you'll retain your value; not even in the long term compared with gold. Only if it's as accepted from the societies as gold, it may replace it as the main store of value asset.

The title is just too seductive.


Title: Re: Bitcoin or Gold: Superiority
Post by: Anguwa on September 21, 2021, 08:59:23 PM
Gold is a long time asset and a very valuable asset to any investor that has it. What if the price of Bitcoin dump and never pump again, what did we all think will happen to everyone that have bitcoin as an asset, it will never be an easy task to survive that situation. But Gold is a physical asset that is reliable and its value is always increasing even if not in high percentage, while Bitcoin is a digital asset and it value also increase and it can yield a profit of more than 200% of one's investment. Bitcoin is the superior in digital world and gold also.


Title: Re: Bitcoin or Gold: Superiority
Post by: carrigan on September 22, 2021, 01:58:13 AM
Both are good Gold and Bitcoin have their respective advantages, even the existing shortcomings can actually complement each other. Gold exists in real form and its value does not fluctuate, while Bitcoin is in digital form so that it is more easily accessible and stored and even predicted to be used as an anti-inflation tool although this cannot be ascertained, but the value of Bitcoin is very volatile and cannot be controlled. Both can be offered tools for investing that can provide profit, so which one is superior depends on your choice and comfort when using gold and Bitcoin.


Title: Re: Bitcoin or Gold: Superiority
Post by: TheUltraElite on September 22, 2021, 05:06:33 AM
It is true that bitcoin is not accepted as a mode of payment in majority of the countries in the world while precious metals are still trade-worthy with a bit of paperwork.

One will face a lot of problems trying to exchange bitcoin into liquid currency in contries where it is prohibited or just not known to people.

Also price changes are not indicators of good or bad. A bad year can happen to any asset but that does not determine what its uses are. In fact, fundamental uses of gold are there and therefore the market price, indeed making it a good asset for long term. Bitcoin has its own uses and therefore it is also a good asset for long term.

Like I have said in similar threads before, both have their own pros and cons. I think a diligent investor looking to build a portfolio should take in both.


Title: Re: Bitcoin or Gold: Superiority
Post by: imstillthebest on September 22, 2021, 05:50:58 AM
Quote
The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year .  it really necessary for us to still debate which of the two is superior
in this post your telling us that bitcoin is more superior to gold due to its price gains but your thoughts written in this post ⤵
Here are my thoughts
A valuable store of value and medium of exchange, gold has been around for five thousand years.
tells us that gold is more superior to btc because of its long years of existence and functions . each of them has thier  good and bad sides , this makes the debate not stop  .

Quote
Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.
thats right . dont be so confidence and put all your cash to btc but it can be safe to diversify it to other assets since the value of btc can still go down sometimes .


Title: Re: Bitcoin or Gold: Superiority
Post by: jack wira on September 22, 2021, 05:53:42 AM
In my opinion, gold and bitcoin have different circulation values ​​in the market.
 if the price of gold tends to last more.
 but if bitcoin has a very sharp price, even from time to time the price will continue to increase.
 Therefore I prefer bitcoin to invest even in the long term.


Title: Re: Bitcoin or Gold: Superiority
Post by: worle1bm on September 22, 2021, 07:17:46 AM
Gold price are going down and it is now not an best investment option for people and they are getting attracted towards other financial assets like bitcoin which is giving return unlike gold.Now people prefer to have some income with risk associated and high profits and gold is not the best option now.Those who were optimistic about it also have turned down the stones and made up mind of choosing other options as their funds are also going down with prices.It is now becoming obsolete with time and new technology.


Title: Re: Bitcoin or Gold: Superiority
Post by: Dhaniii on September 22, 2021, 07:32:41 AM
The debate between the advantages of bitcoin and gold, of course, has a different era. Now entering the digital era, bitcoin is certainly superior to gold. everyone has switched to investing from gold to bitcoin, because the prospect of bitcoin profits is more effective and efficient. while gold has a slow element in the financial turnover mechanism.


Title: Re: Bitcoin or Gold: Superiority
Post by: romero121 on September 22, 2021, 07:51:42 AM
Few days back read an article stating the Google search engine having a rise in the search count for bitcoin. It was calculated that the number of times bitcoin being searched is three times higher than gold. The particular term that is being used is how to buy bitcoin. This itself shows the superiority transition from gold to bitcoin.


Title: Re: Bitcoin or Gold: Superiority
Post by: MaDeidre on September 22, 2021, 08:54:23 AM
I prefer to invest in Bitcoin. Although Bitcoin payment can protect our privacy, I don't want to use Bitcoin to pay. I think using Bitcoin to pay is a waste. I think gold is a stored value currency. Its price will not fluctuate as much as Bitcoin, and the fluctuation of gold is relatively stable. Choose to invest in gold because of its stability and insurance.


Title: Re: Bitcoin or Gold: Superiority
Post by: btc78 on September 22, 2021, 09:09:11 AM
The correlation between Bitcoin and the two is almost zero. Bitcoin is an ideal tool for spreading risk. In addition to traditional investment products, bitcoin can account for more than 30 percent. I’m 70% bitcoin, 20% altcoin, and only 10% bank fund.
you can easily say that because you are not a Gold supporter , but what if you are also a gold holder? surely you will find this statement not comfortable .

I also have some Bitcoin and gold at the same time but of course small portion of gold while Larger is into crypto and majority is Bitcoin.

Few days back read an article stating the Google search engine having a rise in the search count for bitcoin. It was calculated that the number of times bitcoin being searched is three times higher than gold. The particular term that is being used is how to buy bitcoin. This itself shows the superiority transition from gold to bitcoin.
this has even a thread in the past when the pandemic starts growing , that google search engine increased the search for bitcoin with really big percentage .


Title: Re: Bitcoin or Gold: Superiority
Post by: SoeNan89 on September 22, 2021, 10:39:33 AM
I think gold and bitcoin are opposite assets, but both assets can be used as assets that complement each other in an investment portfolio.
Gold has better investment properties in some cases than bitcoin, but bitcoin also has its own advantages when it comes to investing.


Title: Re: Bitcoin or Gold: Superiority
Post by: Betwrong on September 22, 2021, 11:10:30 AM
~
I agree with your opinion, that we should never be arrogant about your income or your success with cryptocurrencies, because it is a trap that can eliminate everything, if traders have strong knowledge in cryptocurrencies keep thinking positive and mentally strong. never cause stupidity. regardless of your question, that feeling I still choose bitcoin for future assets, but what I fear, will bitcoin last as long as gold that existed before 5 thousand years ago?

Actually, gold existed before the formation of the Earth, but I think you meant when gold started to be considered valuable. Well, yes it's true that gold has been valued for many centuries, thousands of years even, but it is not necessary that it will be considered so precious in the future. Synthetic gold can be created already, but the process is very expensive, so, producing it these days is not cost-effective. This may change in the future, and we'll start having more gold than there has ever been, but you can't make synthetic Bitcoin, and there will never be more than 21 million BTC.


Title: Re: Bitcoin or Gold: Superiority
Post by: Sanugarid on September 22, 2021, 11:37:40 AM
Question

The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?

Here are my thoughts

A valuable store of value and medium of exchange, gold has been around for five thousand years.

Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.

How do you feel about this?

Just like what you've said, Bitcoin yields a gain of 332% for a year or even a month, and the profitability of investing in BTC is really high but also considered a risky investment. In comparison, gold is really a good investment especially for long-term goals but the percentage of return is nothing compared to BTC. With that being said, I prefer BTC over gold simply because of high potential gains in the future.


Title: Re: Bitcoin or Gold: Superiority
Post by: AicecreaME on September 22, 2021, 12:18:10 PM
Question

The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?

Here are my thoughts

A valuable store of value and medium of exchange, gold has been around for five thousand years.

Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.

How do you feel about this?

Both gold and bitcoin are good investments. I believe that they have their own purposes and it's still much better to invest in both rather than in just one to diversify our funds. Gold has so many uses in different aspects and fields. Gold has been used in different things such as electronics, jewelry, machinery, chips, and the likes. It has proven to withhold its value too despite the inflation and time frame. Hence, a worthy investment if you'll hold and invest in it in the long term.

Meanwhile, bitcoin has exhibited growth for the past years. It has shown its potential and has withstood the test of time making it the king of all coins in the past and at the present. I must say that bitcoin is a nice speculative asset that offers a big opportunity to most of us. This is a great investment for the long term just like gold. It's just that bitcoin is completely digital unlike that of gold. It is also highly volatile which is why we should always be cautious whenever we want to buy and sell. In investing in bitcoin, you must know the risks first. High risk, high reward. However, you should invest responsibly to avoid losses.


Title: Re: Bitcoin or Gold: Superiority
Post by: suzanne5223 on September 22, 2021, 12:35:55 PM
Question

The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?

Here are my thoughts

A valuable store of value and medium of exchange, gold has been around for five thousand years.

Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.

How do you feel about this?

Both gold and bitcoin are good investments.
Yes, they are and this is why I am still surprised some people only concern about which is superiority above others instead of making good use of both assets at the same time to increase their income.

I believe that they have their own purposes
Is not about believing for it something that's logical. Every substance will always have its own purpose and there's no purpose involve there's no point in using, investing, or creating it.



Title: Re: Bitcoin or Gold: Superiority
Post by: YOSHIE on September 22, 2021, 01:09:29 PM
Is it really necessary for us to still debate which of the two is superior?
No need to argue, between Gold and Bitcoin, obviously it's like the sun and the moon, the shape is the same as the light is different, that's for example, Lol.

What I want to say is, if, you continue to compare Bitcoin and Gold it is a big mistake, gold is real and is in common use by the public, no exception, After all, gold is unlimited, I mean supply, as long as there are miners and gold earth always appears, meaning: it doesn't run out so it's natural, the price of gold is not as expensive as Bitcoin, for that gold cannot be equated with Bitcoin in terms of price, shape, use, needs, savings etc.
While Bitcoin is a digital currency that is specifically traded in the crypto/internet world and limited supply is used by all countries, of course the percentage price is higher.
For example: Bitcoin is real and found in mining the earth, I'm sure it's 100% cheaper than the current price of gold/grams.

I'm talking in real life, real thoughts, not imagining, it's reality, so there is no debate between gold and Bitcoin, realize this world is real, you don't always live with the internet.


Title: Re: Bitcoin or Gold: Superiority
Post by: ChiBitCTy on September 22, 2021, 01:11:47 PM
No it is NOT necessary to discuss which one is better because neither one is better than the other.  We have this "debate" or discussion on here time after time, over and over again.. Bitcoin and Gold are not the same things.  They may share some common qualities, or characteristics, but that does not make the rivals or competitors. The truth is a well rounded portfolio should own both.  Gold is physical, bitcoin is not (besides physical bitcoin coins of course :) )


Title: Re: Bitcoin or Gold: Superiority
Post by: zahed on September 22, 2021, 01:56:46 PM
Bitcoin or Gold, Which is superior actually a difficult question in this era. Because the demand of both higher but since it's not acceptable to everyone, It has no legality in my country, So gold is the best but i judged it in terms of reality. From My perspective Bitcoin will 1st priority.


Title: Re: Bitcoin or Gold: Superiority
Post by: leea-1334 on September 22, 2021, 03:18:56 PM
Gold price are going down and it is now not an best investment option for people and they are getting attracted towards other financial assets like bitcoin which is giving return unlike gold.Now people prefer to have some income with risk associated and high profits and gold is not the best option now.Those who were optimistic about it also have turned down the stones and made up mind of choosing other options as their funds are also going down with prices.It is now becoming obsolete with time and new technology.

Not going down as much as Bitcoin though,,, which is why I think it is quite silly to compare gold and Bitcoin in small snapshots of time. Gold has been around for thousands of years and Bitcoin only less than 1% of the lifetime. So yes, BTC is volatile now but maybe in 1000 years it will be like gold?

As much as I love BTC, Gold is still,,, gold standard. Undisputable for anyone:)


Title: Re: Bitcoin or Gold: Superiority
Post by: noormcs5 on September 22, 2021, 03:31:31 PM
Gold price are going down and it is now not an best investment option for people and they are getting attracted towards other financial assets like bitcoin which is giving return unlike gold.Now people prefer to have some income with risk associated and high profits and gold is not the best option now.Those who were optimistic about it also have turned down the stones and made up mind of choosing other options as their funds are also going down with prices.It is now becoming obsolete with time and new technology.

People are using Gold for ages so we cannot say that Gold is more superior than bitcoin. Also the market cap of gold is way more than that of bitcoin.
I don't think we can compare the two at the moment. However, in future maybe 10 -20 years time, bitcoin will overcome the market cap of gold.


Title: Re: Bitcoin or Gold: Superiority
Post by: Fakhrulenclix on September 22, 2021, 03:39:08 PM
every possibility for large profits must be accompanied by a commensurate level of risk. I think gold and bitcoin are two different things with different users. if people want to keep their money safe for the future, of course they will choose gold and if people want to invest with the desire to make a profit, of course they choose to invest in bitcoin regardless of all the risks which I think are very worth the things that will be obtained.


Title: Re: Bitcoin or Gold: Superiority
Post by: dupee419 on September 22, 2021, 06:45:08 PM
Question

The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?

I don't think at this point is necessary to debate over Bitcoin and Gold, as much as people call Bitcoin the "Digital Gold", I think it's rude to be called it that way, Bitcoin is unique, so does Gold, and if we're talking about superiority in value, definitely Bitcoin wins, it took decades before gold actually grew to a higher value, but it definitely is much more stable than Bitcoin.


Title: Re: Bitcoin or Gold: Superiority
Post by: Shenzou on September 22, 2021, 07:12:59 PM
Question

The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?

Here are my thoughts

A valuable store of value and medium of exchange, gold has been around for five thousand years.

Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.

How do you feel about this?
You have to take into account that gold has existed for thousands of years as a store of value, and people having been buying and selling it and there has been a limited supply and there are literally no factors that could affect its price heavily, not like bitcoin that is fairly new and it is quite volatile and has a lot of factors related to its price, and has a lot of potential to grow, but the question is what will happen when the supply reachs its end and there are no more bitcoin being mined, will it have the same price, keep going up, or people will lose interest in it.


Title: Re: Bitcoin or Gold: Superiority
Post by: Kusman on September 22, 2021, 07:18:54 PM
I don't think that any of these two is completely superior to the other. Because Bitcoin and gold both have weaknesses and advantages. Bitcoin is better in terms of making someone a lot of profit in the long run. Gold is not as highly volatile as Bitcoin. Actually, Bitcoin also doesn't guarantee this kind of profit. But so far, we have always seen that Bitcoin made people even rich.


Title: Re: Bitcoin or Gold: Superiority
Post by: ninkdwi on September 22, 2021, 07:20:14 PM
Gold price are going down and it is now not an best investment option for people and they are getting attracted towards other financial assets like bitcoin which is giving return unlike gold.Now people prefer to have some income with risk associated and high profits and gold is not the best option now.Those who were optimistic about it also have turned down the stones and made up mind of choosing other options as their funds are also going down with prices.It is now becoming obsolete with time and new technology.
I think the root of the problem is that everything has its own era.
gold is a very good thing and a small risk investment in my opinion one of them is gold.
but now the era is different now the era of technology and blockchain has made a new breakthrough and this expansion is growing with time and technological sophistication.
and here (crypto) even though what you say is absolutely true that here is full of risks but the benefits are greater because it is in accordance with the existing risks.


Title: Re: Bitcoin or Gold: Superiority
Post by: v3liana on September 23, 2021, 08:43:05 AM
Bitcoin is the hardest form of money ever created and more superior to gold in many ways. However, it is a nascent technology with more risk, but the upside potential is tremendous. Gold is currently more trusted and has proven itself as money for the past 5,000 years. Its a good idea to have both in your portfolio.


Title: Re: Bitcoin or Gold: Superiority
Post by: Betwrong on September 23, 2021, 10:45:51 AM
Bitcoin is the hardest form of money ever created and more superior to gold in many ways. However, it is a nascent technology with more risk, but the upside potential is tremendous. Gold is currently more trusted and has proven itself as money for the past 5,000 years. Its a good idea to have both in your portfolio.

Yes, people value gold for thousands years, and from birth we keep hearing how precious it is. Bitcoin, on the other hand, is relatively little-known, and what most people keep hearing about it since its inception is that it's a scam. Now, nothing can be said about gold to make it even more valuable, while Bitcoin has a great potential in this regard.


Title: Re: Bitcoin or Gold: Superiority
Post by: rodskee on September 23, 2021, 10:52:53 AM
Question

The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?

Here are my thoughts

A valuable store of value and medium of exchange, gold has been around for five thousand years.

Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.

How do you feel about this?
no doubt that i am a Bitcoin supporter , i even invested more than half of our savings here in crypto but this doesn't necessary mean I am all in  cryptocurrency.
i tried to diversify my funds into Bitcoin, banks, Gold and real life business .
in this i am assured if no matter what happened to the world economy , i am ready and at least will have place to survive at some point.
practicality and security is my Motto in life.


Title: Re: Bitcoin or Gold: Superiority
Post by: sam00 on September 23, 2021, 10:53:28 AM
I feel like we should stop comparing gold and bitcoin.
Gold has kept it's value for the past thousands of years and will probably keep its value in the next houndred/thousand years.
Bitcoin becoming a legal tender in more countries would put it in a completely different situation than gold.
You can already pay for so many services and goods with bitcoin while gold is still only a store of value.


Title: Re: Bitcoin or Gold: Superiority
Post by: CoinFoxs on September 23, 2021, 12:07:03 PM
Most people choose gold because they want safe investment but they don’t know the potential of bitcoin. I always bitcoin over anything for investment. Best way to earn profit nowadays is investing in bitcoin, as bitcoin is adopting by many big countries and we will see bitcoin at its all time high price by the end of 2021.


Title: Re: Bitcoin or Gold: Superiority
Post by: Kong Hey Pakboy on September 23, 2021, 12:08:45 PM
Most people choose gold because they want safe investment but they don’t know the potential of bitcoin. I always bitcoin over anything for investment. Best way to earn profit nowadays is investing in bitcoin, as bitcoin is adopting by many big countries and we will see bitcoin at its all time high price by the end of 2021.
Gold isn't a safe investment, you can't easily buy one and call it a day, you can't sell it either that easy, now compare that to bitcoin which has more demand than gold, it's much more convenient and can make you more profit in such a short time.


Title: Re: Bitcoin or Gold: Superiority
Post by: LeGaulois on September 23, 2021, 12:27:58 PM
Most people choose gold because they want safe investment but they don’t know the potential of bitcoin. I always bitcoin over anything for investment. Best way to earn profit nowadays is investing in bitcoin, as bitcoin is adopting by many big countries and we will see bitcoin at its all time high price by the end of 2021.

A lot of them do know Bitcoin's potential, but it doesn't fit their needs. You say it: the majority choose gold as a safe investment. Explain to me how Bitcoin is safe? It is continually up and down, and occasionally severely so. These two types of assets have different purposes, no need of thésis about it.
Secondly, people investing in gold are not necessarily looking for profits. For example, I did, no big deal if I won't make a cent. I will even accept to lose a bit (unless it's higher than inflation)

Bitcoin adopted by many countries? Wich, I know only 2 or 3

...

I don't know if we can say nowadays that people use gold. There are some people of course, but not for real use, mainly for saving funds or investing for the long term.
I mean it's not in the same way as when gold was used as a means of payment. At least that's not the case anymore. I have never see a supermarket in which I can pay with a troy ounce.

...Gold has kept it's value for the past thousands of years and will probably keep its value in the next houndred/thousand years...

What are you telling? Where do you see that gold has always kept its value over the years?

https://i.imgur.com/XVQuq7H.png



Title: Re: Bitcoin or Gold: Superiority
Post by: Spack17 on September 23, 2021, 12:35:28 PM
I don't think that we need to discuss which one is superior to the other. They both have advantages and disadvantages for their investors. It is better to let people make their own choice about what to do. Some people are totally against new technologies like cryptocurrencies or they don't trust them. And as a result, they continue with traditional investment tools like gold and fiat currencies. However, some other people really like to use new technologies and they want to benefit from the volatility also to make a nice profit. And their choosing becomes Bitcoin or some other cryptocurrency.


Title: Re: Bitcoin or Gold: Superiority
Post by: ninkdwi on September 23, 2021, 07:47:13 PM
Most people choose gold because they want safe investment but they don’t know the potential of bitcoin. I always bitcoin over anything for investment. Best way to earn profit nowadays is investing in bitcoin, as bitcoin is adopting by many big countries and we will see bitcoin at its all time high price by the end of 2021.
Gold isn't a safe investment, you can't easily buy one and call it a day, you can't sell it either that easy, now compare that to bitcoin which has more demand than gold, it's much more convenient and can make you more profit in such a short time.
if you buy and sell in a very short time it is not an investment name :). you forget the important point that investment cannot be done in such a fast time.
and I just want to explain what @CoinFoxs means here is that gold is friendlier in price in contrast to bitcoin which is indeed volatile and very difficult to control and has a large capitalization, at least gold is more usable if you don't want to take risks when investing.
why can it happen? yes indeed bitcoin is a very big risk because according to what I said above that the nature of bitcoin is volatile which makes it more risky than gold.


Title: Re: Bitcoin or Gold: Superiority
Post by: Ryder Kudrow on September 24, 2021, 06:38:55 AM
Both gold and Bitcoin can be profitable.
Although gold is a relatively safe and reliable asset, its profitability is very slow.
With the development of time and technology, Bitcoin has become an increasingly popular asset. It can bring benefits to people and help improve the economy in a relatively short period of time, so more people like to invest in Bitcoin.


Title: Re: Bitcoin or Gold: Superiority
Post by: kanayaTabitha on September 24, 2021, 06:44:46 AM
Both gold and Bitcoin can be profitable.
Although gold is a relatively safe and reliable asset, its profitability is very slow.
With the development of time and technology, Bitcoin has become an increasingly popular asset. It can bring benefits to people and help improve the economy in a relatively short period of time, so more people like to invest in Bitcoin.

I'm sure in the future physical assets will be less valuable than digital assets, the era is changing since the covid pandemic where people are not meeting each other and everyone is happy working from home means people are no longer needs to show off gold or any luxury diamonds on their social life but they are showing of digital assets which is more hip nowdays.
So i think in the future, bitcoin or any digital assets will be worth more because this world is become digitalize.


Title: Re: Bitcoin or Gold: Superiority
Post by: PhucS on September 24, 2021, 09:25:30 AM
Bitcoin and gold are both high value investments, preferred by many people. I think, both have their own advantages. Bitcoin can be highly profitable, but it has high price volatility. Gold is a traditional investment, it is considered as a medium to trade since ancient times, it does not have too much volatility. Many people are always hoarding gold


Title: Re: Bitcoin or Gold: Superiority
Post by: Betwrong on September 24, 2021, 09:49:02 AM
...Gold has kept it's value for the past thousands of years and will probably keep its value in the next houndred/thousand years...

What are you telling? Where do you see that gold has always kept its value over the years?
https://i.imgur.com/XVQuq7H.png

Exactly. A significant decline in gold price was happening from September 2011 to the end of 2015. The price dropped from 60k USD/kg to 34k USD/kg during that period of time. It 's almost 50 percent decline! A constant decline that was going on for years, and yet people keep saying "the price of gold is always rising".

I personally predict even steeper decline in the future, when gold jewelry will be out of fashion.


Title: Re: Bitcoin or Gold: Superiority
Post by: Ibrahim60 on September 24, 2021, 09:59:09 AM
In my opinion both are best in their own side. In cryptocurrency anything can happen anytime. Price can go to moon. Also price can get down huge. On the other hand gold is something like stable. Though its not fully. Its price also increase and decrease. But not like cryptocurrency. But in the long run Bitcoin will be the superior. Because day by day its popularity increase among all the people. People invest their money on it. People hold and trust Bitcoin as like gold. Also Bitcoin is more profitable than gold.


Title: Re: Bitcoin or Gold: Superiority
Post by: BuNga_cute on September 24, 2021, 10:17:56 AM
In my opinion both are best in their own side. In cryptocurrency anything can happen anytime. Price can go to moon. Also price can get down huge. On the other hand gold is something like stable. Though its not fully. Its price also increase and decrease. But not like cryptocurrency. But in the long run Bitcoin will be the superior. Because day by day its popularity increase among all the people. People invest their money on it. People hold and trust Bitcoin as like gold. Also Bitcoin is more profitable than gold.

Gold and Bitcoin are safe assets for long-term investment, besides the demand for both is very high. The price of Gold and Bitcoin continues to rise,
indeed the increase in the price of Bitcoin is more drastic than Gold. That's why I now prefer to focus on investing in Bitcoin, because the profit
generated is much greater. But the risk of investing in Bitcoin is much higher than Gold, that's because the price of Bitcoin is more volatile than Gold.
So if we want to invest in Bitcoin, we must first learn about Bitcoin. So we will not panic to see the movement of Bitcoin which is very volatile.


Title: Re: Bitcoin or Gold: Superiority
Post by: TheUltraElite on September 27, 2021, 06:37:01 AM
Gold isn't a safe investment, you can't easily buy one and call it a day, you can't sell it either that easy,
 I cant agree to gold not being a safe investment. It has its risks but so does bitcoin, both in long and short term. Gold has the advantage of being able to be sold whereever you end up. A lot of paperwork might be involved.

In this context I will draw your attention to something that happened during the partition of India and Bangladesh many years ago. Local people in West Bengal know that the majority of Bangladeshi people brought back gold from their homeland when they were fugitives coming to WB and that was the majority of their wealth at that time.

https://en.wikipedia.org/wiki/Partition_of_Bengal_(1947)

Quote
now compare that to bitcoin which has more demand than gold, it's much more convenient and can make you more profit in such a short time.
Bitcoin has not been accepted in majority of the countries out there. Precious metals have been known to almost every person above 20years of age today but Bitcoin is not that well known or well accepted.
How are you backing this claim?


Title: Re: Bitcoin or Gold: Superiority
Post by: The Cryptovator on September 27, 2021, 03:33:59 PM
You wouldn't get the honest opinion from here. Because it's Bitcointalk, not Goldtalk. So most users here are Bitcoin lovers and they will support Bitcoin for investment. Same like others I support Bitcoin investment as well. Investing in Gold looks like nonsense to me. I believe the future of Bitcoin holders is bright and we have seen it many times. So I am not encouraged to invest in gold which wouldn't give you much profit for a long time hold.


Title: Re: Bitcoin or Gold: Superiority
Post by: haasanjui on September 27, 2021, 03:38:28 PM
Gold is old time fashion. In this time it is also fashion but not like as a past. If you buy gold and then sell it gives you loss but if you buy Bitcoin and trade you can get bigg profit. Its reason people are investing in Cryptocurrency more then other businesses.


Title: Re: Bitcoin or Gold: Superiority
Post by: Rigon on September 27, 2021, 03:51:21 PM
Gold is a stable metal. It may tend to increase somewhat over time. It is used by people as an ornament of their form. The price of this precious metal often goes up a lot.Otherwise Bitcoin is a stable cryptocurrency currency. We can see from the beginning that the price of Bitcoin was much lower at one stage.Over time Bitcoin has been seen to increase overnight. Currently a bitcoin costs over 44000+ thousand dollars.The price of bitcoin is increasing day by day. The way the price of Bitcoin has started to rise will show that people will not be able to afford to buy a bitcoin at some point.So I think Bitcoin is much more popular than gold.


Title: Re: Bitcoin or Gold: Superiority
Post by: LeGaulois on September 27, 2021, 04:23:20 PM

I doubt it's going to happen anytime soon. I know half of the gold nowadays is used for jewelry but don't forget the relation between gold and humans.  There has always been a place for gold in all civilizations, even before Jesus Christ., during the pre-Columbian era, Egypt, Rome...
Some of them thought it was a God or something like that.

In the 21st century, it's still the same more or less. I mean, if you see in India for example. Tons of gold are owned by women. They're addict to it, I believe it's part of their culture.

I'm not worried to see the price decline up to the point where it collapses or people abandon it. You have more chances to see it happening with BTC than Gold

Otherwise Bitcoin is a stable cryptocurrency currency.

Full of shit. Sometimes I wonder if people are not on drugs or alcohol


Title: Re: Bitcoin or Gold: Superiority
Post by: nullama on September 28, 2021, 02:15:14 AM
Gold makes sense for larger amounts I reckon, as you can afford to make all the checks, security, etc.

Most countries have gold reserves still today, so it won't go away any time soon.

But for the average person gold is pretty risky and inconvenient. Much better to have bitcoin instead.


Title: Re: Bitcoin or Gold: Superiority
Post by: Kittygalore on September 28, 2021, 02:38:05 AM
Gold is old time fashion. In this time it is also fashion but not like as a past. If you buy gold and then sell it gives you loss but if you buy Bitcoin and trade you can get bigg profit. Its reason people are investing in Cryptocurrency more then other businesses.
How can you say so that it's old fashioned? If it's old fashioned then it shouldn't be existing as a luxury jewelry right now and it shouldn't be used for that matter even during the times of war? The reason that you give regarding why people invest in cryptocurrency is pretty shallow to be honest, not everyone can invest in gold you know?


Title: Re: Bitcoin or Gold: Superiority
Post by: Ekyfitri on September 28, 2021, 02:42:39 AM
Gold is old time fashion. In this time it is also fashion but not like as a past. If you buy gold and then sell it gives you loss but if you buy Bitcoin and trade you can get bigg profit. Its reason people are investing in Cryptocurrency more then other businesses.
How can you say so that it's old fashioned? If it's old fashioned then it shouldn't be existing as a luxury jewelry right now and it shouldn't be used for that matter even during the times of war? The reason that you give regarding why people invest in cryptocurrency is pretty shallow to be honest, not everyone can invest in gold you know?
everyone I believe can invest in gold if they want. Gold is not as expensive as you think. most people do not invest in gold because the price movement is not that big. even suitable only for the long term.
while bitcoin you can use for the short term and long term. the crypto market can give you a quick profit or a long-term plan.
I'm sure it all depends on the choice. safe assets for the long term. or assets with high returns with great risks.


Title: Re: Bitcoin or Gold: Superiority
Post by: noorman0 on September 28, 2021, 03:11:39 AM
-snip-
Same like others I support Bitcoin investment as well. Investing in Gold looks like nonsense to me. I believe the future of Bitcoin holders is bright and we have seen it many times. So I am not encouraged to invest in gold which wouldn't give you much profit for a long time hold.

Of course you are not too sure about this suggestion if it is to the Chinese/Indians are you? Bitcoin is not as flexible an investment as it seems. Anyone (an honest citizen) hopes to legally sell their bitcoins in their country of residence in the future. It's just that, the bitcoins they have must be enough to take them out of the country when local regulations don't allow it while they are not very good at maintaining their privacy in the past.


Gold is a stable metal. It may tend to increase somewhat over time. It is used by people as an ornament of their form. The price of this precious metal often goes up a lot.Otherwise Bitcoin is a stable cryptocurrency currency. We can see from the beginning that the price of Bitcoin was much lower at one stage.Over time Bitcoin has been seen to increase overnight.
Wondering how you define the word "stable", your explanation describes otherwise.


Title: Re: Bitcoin or Gold: Superiority
Post by: mr500 on September 28, 2021, 03:58:32 AM
Choose to invest in gold because of its stability and insurance rather prefer to invest in Bitcoin. Although Bitcoin payment can protect our privacy, I don't want to use Bitcoin to pay. using Bitcoin to pay is a waste rather gold is a stored value currency. Gold price will not fluctuate as much as Bitcoin, and the fluctuation of gold is relatively stable. It is not possible to make more profit from Bitcoin in a short period of time as it is not possible to sell gold . So from the point of view of the Superiority both are Supreme in their place in a different way . Gold is supreme by the stability and Bitcoin is supreme by the money making .





Title: Re: Bitcoin or Gold: Superiority
Post by: Dhoe on September 28, 2021, 05:39:18 AM
Choose to invest in gold because of its stability and insurance rather prefer to invest in Bitcoin. Although Bitcoin payment can protect our privacy, I don't want to use Bitcoin to pay. using Bitcoin to pay is a waste rather gold is a stored value currency. Gold price will not fluctuate as much as Bitcoin, and the fluctuation of gold is relatively stable. It is not possible to make more profit from Bitcoin in a short period of time as it is not possible to sell gold . So from the point of view of the Superiority both are Supreme in their place in a different way . Gold is supreme by the stability and Bitcoin is supreme by the money making .




gold and bitcoin have their own advantages, so we don't need to argue between gold and bitcoin, if we don't want to take risks about falling prices, so you just choose gold as your investment, but if you want to invest in the long term, and want to make a lot of profit , so you just focus on bitcoin, so all the choices are on ourselves, we don't need to argue, all that is there is just wasting our energy..


Title: Re: Bitcoin or Gold: Superiority
Post by: Kittygalore on September 28, 2021, 05:56:12 AM
~
everyone I believe can invest in gold if they want. Gold is not as expensive as you think. most people do not invest in gold because the price movement is not that big. even suitable only for the long term.
while bitcoin you can use for the short term and long term. the crypto market can give you a quick profit or a long-term plan.
I'm sure it all depends on the choice. safe assets for the long term. or assets with high returns with great risks.
Really? Everyone? Can the poor people also invest too? Maybe you're talking about jewelries but gold is expensive becausee you're not just paying the gold, you're also paying for the safekeeping of it and the necessary documents, at least that's what they do in my country.


Title: Re: Bitcoin or Gold: Superiority
Post by: Kasabus on September 28, 2021, 06:19:58 AM
Choose to invest in gold because of its stability and insurance rather prefer to invest in Bitcoin. Although Bitcoin payment can protect our privacy, I don't want to use Bitcoin to pay. using Bitcoin to pay is a waste rather gold is a stored value currency. Gold price will not fluctuate as much as Bitcoin, and the fluctuation of gold is relatively stable. It is not possible to make more profit from Bitcoin in a short period of time as it is not possible to sell gold . So from the point of view of the Superiority both are Supreme in their place in a different way . Gold is supreme by the stability and Bitcoin is supreme by the money making .




gold and bitcoin have their own advantages, so we don't need to argue between gold and bitcoin, if we don't want to take risks about falling prices, so you just choose gold as your investment, but if you want to invest in the long term, and want to make a lot of profit , so you just focus on bitcoin, so all the choices are on ourselves, we don't need to argue, all that is there is just wasting our energy..
There is really no need for us to chose which one is superior, either gold or bitcoin. It's very clear that when it comes to profits, bitcoin has an edge but when it comes to stability, gold has it either. So for me, having them both and diversify your investments so that if one drops down its value, the other one might be surging high. There's no need for a debate because at the end of the day, what we are after are the profits that we're able to make.


Title: Re: Bitcoin or Gold: Superiority
Post by: BlackHatCoiner on September 28, 2021, 06:27:20 AM
There's no need for a debate because at the end of the day, what we are after are the profits that we're able to make.
There's always need for debate if one says so.

I think the point of this thread is to distinguish which asset is more capable of being the main SoV. In my opinion, Bitcoin has the following advantages which makes it superior to gold;

  • It's easier to be divided.
  • It can be moved from one side of the planet to the other within several seconds.
  • We know the exact coins there are in circulation.
  • It's much much easier for its authentication to be verified.

And the following disadvantage which makes it inferior to gold;

  • It's owned by individuals => lots of speculation, highly fluctuating.

The society will sooner or later decide which one is more suitable.


Title: Re: Bitcoin or Gold: Superiority
Post by: Betwrong on September 28, 2021, 10:02:23 AM

I doubt it's going to happen anytime soon. I know half of the gold nowadays is used for jewelry but don't forget the relation between gold and humans.  There has always been a place for gold in all civilizations, even before Jesus Christ., during the pre-Columbian era, Egypt, Rome...
Some of them thought it was a God or something like that.

In the 21st century, it's still the same more or less. I mean, if you see in India for example. Tons of gold are owned by women. They're addict to it, I believe it's part of their culture.

I'm not worried to see the price decline up to the point where it collapses or people abandon it. You have more chances to see it happening with BTC than Gold
~

Well, if we weren't living in the very fast changing world, I would agree with you. But I think that the desire to wear golden jewelry has something to do with lack of knowledge. (Please forgive me if it sounds rude. I don't want to offend anybody, especially my grandma who adores wearing gold jewelry. :) )

Today we have these numbers

Around 90 percent of the world’s population had completed a primary education in 2020, whereas only 66 percent had attained a secondary education.

which are very good compared to what we had, say, 100 years ago.

And here's one informative chart too. It's on Global adult literacy rate aged 15 years and older from 1976 to 2019 (https://www.statista.com/statistics/997360/global-adult-and-youth-literacy/)

https://i.imgur.com/Ep0LeGH.png

And I believe that in the future, mainly thanks to the Internet, we'll have much more educated people around, and the gold price will drop consequently.


Title: Re: Bitcoin or Gold: Superiority
Post by: sam00 on September 28, 2021, 02:10:09 PM
But I think that the desire to wear golden jewelry has something to do with lack of knowledge. (Please forgive me if it sounds rude. I don't want to offend anybody, especially my grandma who adores wearing gold jewelry. :) )

I am not really offended by your statement but it just makes no sense to say that wearing expensive jewelry has something to do with lack of knowledge. Watches, Jewelry, fast cars are prestige objects and if people enjoy wearing/using/showing them, that doesn't mean they are "dumb" :D


Title: Re: Bitcoin or Gold: Superiority
Post by: Mr.sprin on September 28, 2021, 03:28:33 PM
Bitcoin and gold are equally profitable when we invest, many people invest in gold because they think saving gold in the long term can be profitable and people who invest in bitcoin they conclude that currently bitcoin is one of the most valuable assets in the future so they store bitcoin in the long term long means that they will reap profits in the future and there are also those who save bitcoins for their children and grandchildren using bitcoins as inheritance for their families.


Title: Re: Bitcoin or Gold: Superiority
Post by: Natalim on September 28, 2021, 03:41:59 PM
Bitcoin and gold are equally profitable when we invest, many people invest in gold because they think saving gold in the long term can be profitable and people who invest in bitcoin they conclude that currently bitcoin is one of the most valuable assets in the future so they store bitcoin in the long term long means that they will reap profits in the future and there are also those who save bitcoins for their children and grandchildren using bitcoins as inheritance for their families.
Yes, they are both profitable but the amount of profits is different. Investors are now looking forward to invest more in bitcoin because the profits is incomparably huge than gold investment. I think people just can't get rid of gold because its a traditional investment that has even brought to this modern times. And since the value is more stable than bitcoin which is highly volatile, so it cannot be easily replaced by another investment. So if that is the case, then we can have them both for long term investments. Its not a matter of superiority, but it all matters on the profits and benefits that it can give.


Title: Re: Bitcoin or Gold: Superiority
Post by: lepbagong on September 28, 2021, 05:20:53 PM
In my opinion both are best in their own side. In cryptocurrency anything can happen anytime. Price can go to moon. Also price can get down huge. On the other hand gold is something like stable. Though its not fully. Its price also increase and decrease. But not like cryptocurrency. But in the long run Bitcoin will be the superior. Because day by day its popularity increase among all the people. People invest their money on it. People hold and trust Bitcoin as like gold. Also Bitcoin is more profitable than gold.
Right, two different side eyes even though they are investments. But the very distinguishing is that gold, it has been used enough and has been recognized and believed that it is very good for investment. Even though there is now a change where there is a pretty good Crypto, it might even be better than gold.

Gold is indeed an investment that is not too frightening for the holders, because it always costs quite stable and different from Crypto which cannot be estimated that the price is indeed unstable. What distinguishes certainly the value to be obtained clearly distinguishes, because with gold we will like saving, the increase is not too high but Crypto especially Bitcoin is a definite investment beneficial and in time it will always increase.


Title: Re: Bitcoin or Gold: Superiority
Post by: suryana on September 28, 2021, 05:27:41 PM
Everyone has their own opinion. And all are equalized with the ability to risk that is ready to be faced. I invest in bitcoin because I am ready to risk whether it is the risk of profit or loss. If someone prefers to invest in gold, maybe that's the risk ability that he wants to be limited to, he just wants to maintain his assets. So all back to the ability and readiness of each.


Title: Re: Bitcoin or Gold: Superiority
Post by: Cryptmuster on September 28, 2021, 05:40:05 PM
Yes, they are both profitable but the amount of profits is different. Investors are now looking forward to invest more in bitcoin because the profits is incomparably huge than gold investment. I think people just can't get rid of gold because its a traditional investment that has even brought to this modern times. And since the value is more stable than bitcoin which is highly volatile, so it cannot be easily replaced by another investment. So if that is the case, then we can have them both for long term investments. Its not a matter of superiority, but it all matters on the profits and benefits that it can give.

And as if it sounded incredible, but gold always has the possibility that large gold veins will be found on our planet, or possibly on other planets, when mankind has mastered the vastness of space. And bitcoins will always be only 21 million, and its value will grow higher and higher the more people want to own it. But today, both gold and bitcoin are well suited for long-term investments.


Title: Re: Bitcoin or Gold: Superiority
Post by: perfect999 on September 28, 2021, 08:19:15 PM
Bitcoin and gold are equally profitable when we invest, many people invest in gold because they think saving gold in the long term can be profitable and people who invest in bitcoin they conclude that currently bitcoin is one of the most valuable assets in the future so they store bitcoin in the long term long means that they will reap profits in the future and there are also those who save bitcoins for their children and grandchildren using bitcoins as inheritance for their families.
Your statement is good about this, but now things are changing very quickly recently we have fast and better profit options which are not available through holding gold it's just possible if we have bitcoin, and we are going with better knowledge and understanding of this because its market is highly volatile but still manageable if you are doing your all homework with this.

Gold is traditionally also very solid and profitable but have not profit like bitcoin because its price is staying stable mostly never move like Bitcoin which can go either way in few seconds last words both are good if you can afford then keep both because it's never been bad idea.


Title: Re: Bitcoin or Gold: Superiority
Post by: blckhawk on September 29, 2021, 01:53:43 AM
well bitcoin and gold are on 2 different levels of investment, bitcoin is an active element in the economy of crypto it can be used to buy stuff and services from other people directly without needing to transfer it into another of currency, unlike gold that is a passive investment, meaning you can't buy products or services with it directly so in terms of investment these are two different concepts.


Title: Re: Bitcoin or Gold: Superiority
Post by: mksundip on September 29, 2021, 01:59:13 AM
there is no need to argue that gold and bitcoin are very different. gold only has a safe deposit value but it is difficult to have high upside volatility like bitcoin. but bitcoin is very good for deposit system but also suitable for profit generator. this is clear and there is no need to argue


Title: Re: Bitcoin or Gold: Superiority
Post by: btc78 on September 29, 2021, 03:24:03 AM
there is no need to argue that gold and bitcoin are very different. gold only has a safe deposit value but it is difficult to have high upside volatility like bitcoin. but bitcoin is very good for deposit system but also suitable for profit generator. this is clear and there is no need to argue
It should be more appropriate to say that Bitcoin is Virtual Gold while the other is Physical so there is no need for superiority here.

Have a Physical Gold for your own safety in the future.

Have your Digital Gold(Bitcoin) also for suture safety.

We can have them both so why people keep on comparing them both?

it is Unethical behavior for me as i believe on these 2 for long now.


Title: Re: Bitcoin or Gold: Superiority
Post by: deathcode on September 29, 2021, 03:46:35 AM
there is no need to argue that gold and bitcoin are very different. gold only has a safe deposit value but it is difficult to have high upside volatility like bitcoin. but bitcoin is very good for deposit system but also suitable for profit generator. this is clear and there is no need to argue
It should be more appropriate to say that Bitcoin is Virtual Gold while the other is Physical so there is no need for superiority here.

Have a Physical Gold for your own safety in the future.

Have your Digital Gold(Bitcoin) also for suture safety.

We can have them both so why people keep on comparing them both?

it is Unethical behavior for me as i believe on these 2 for long now.
that is a very good opinion. having both wouldn't go wrong. as users and owners of bitcoin, we certainly know how the journey of bitcoin becomes very valuable. as well as physical gold, over 10 years also experienced a good increase. both are good, as long as we know how to manage investments properly.


Title: Re: Bitcoin or Gold: Superiority
Post by: marine4u on September 29, 2021, 05:18:44 AM
Question

The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?
Gold does not carry the characteristic of expressing “superior”.  There's no reason for gold to be comparable to bitcoin in terms of the technology it embodies, let alone in terms of efficiency and net asset classification.  Gold is a classic demand while bitcoin is the future when you ignore value to compare them consistently.

Gold inherits an inherent age based on demand, bitcoin is newer and in the next few decades no one will compare bitcoin to gold but something else


Title: Re: Bitcoin or Gold: Superiority
Post by: Mr.sprin on September 29, 2021, 02:41:13 PM
gold is an investment in the real world that physically can be handled directly and stored in a gold vault, the price tends to be stable, so gold is a lot of people who still want to invest, while bitcoin is a virtual currency and the price is unstable, so middle-class people rarely invest in bitcoin, only people who have a lot of assets or billionaires who invest in bitcoin and the risk of investing in bitcoin is also very large.


Title: Re: Bitcoin or Gold: Superiority
Post by: geegaw on September 29, 2021, 03:13:27 PM
Everyone has their own opinion. And all are equalized with the ability to risk that is ready to be faced. I invest in bitcoin because I am ready to risk whether it is the risk of profit or loss. If someone prefers to invest in gold, maybe that's the risk ability that he wants to be limited to, he just wants to maintain his assets. So all back to the ability and readiness of each.
But many people don't use that willingness to open their hearts and embrace the many perspectives of others, they are only willing to accept those who accept their opinions and expose the evils and mistakes of other points of view, of course, the opposing side is not generous and also declares war again, expressing the superiority of the point of view and continuing to expose the opponent's dark spots. Our hearts and willingness have plenty of room for both gold and bitcoin, don't let jealousy leak between the two sides, but adjust both to the best according to our ability


Title: Re: Bitcoin or Gold: Superiority
Post by: Betwrong on September 30, 2021, 09:57:11 AM
But I think that the desire to wear golden jewelry has something to do with lack of knowledge. (Please forgive me if it sounds rude. I don't want to offend anybody, especially my grandma who adores wearing gold jewelry. :) )

I am not really offended by your statement but it just makes no sense to say that wearing expensive jewelry has something to do with lack of knowledge. Watches, Jewelry, fast cars are prestige objects and if people enjoy wearing/using/showing them, that doesn't mean they are "dumb" :D

Those are prestige objects indeed, but not for everyone. And I believe we are moving in the direction where those objects will be less and less prestigious, because, especially in the developing countries(keep in mind that 85% of the world's population is living there), only corrupt officials and their relatives can afford all that stuff. Such people should be embarrassed by their wealth. ... At least that's what I believe.


Title: Re: Bitcoin or Gold: Superiority
Post by: Woodie on September 30, 2021, 10:10:36 AM
I want to factor in Obsolete but Obsolete wouldn't be the right world when trying to compare bitcoin and gold. But let's bringing it in anyway,  in a world engulfed by technology which keeps growing at a fast pace and population being composed by mostly the millennial generation, it's easy to see why bitcoin is growing fast and turning to be more superior because it's much easier to own than real Gold. Besides this gold has limited uses as compared to bitcoin which can be used as a store of value or be used as digital money which makes it more desirable to own. With these few reasons you can see why BTC is superior to XAU.


Title: Re: Bitcoin or Gold: Superiority
Post by: Ngewex Yuk on September 30, 2021, 10:17:01 AM
I think gold is superior to bitcoin, we must be aware and don't close the fact that gold is a type of investment that has been actively used since thousands of years ago, from humans knowing buying and selling, gold will continue to be used at any time, while bitcoin, many pessimistic experts can last 100 years again.


Title: Re: Bitcoin or Gold: Superiority
Post by: iTradeChips on October 01, 2021, 04:18:48 AM
There is no contest who is much better. You can't wear Bitcoin around your neck for one, right? Bitcoin and gold has their own advantages and disadvantages. All I can say is that we should not be comparing which is which. Gold has been here for thousands of years and man has deemed it a very valuable metal. Bitcoin was just invented a decade ago and it has its own advantages to gold but it has to be seen if it has the capability to last a thousand years.


Title: Re: Bitcoin or Gold: Superiority
Post by: ninkdwi on October 02, 2021, 07:33:50 PM
gold is an investment in the real world that physically can be handled directly and stored in a gold vault, the price tends to be stable, so gold is a lot of people who still want to invest, while bitcoin is a virtual currency and the price is unstable, so middle-class people rarely invest in bitcoin, only people who have a lot of assets or billionaires who invest in bitcoin and the risk of investing in bitcoin is also very large.
to say bitcoin is unstable then I agree with this, but to say that if the middle class rarely invests in bitcoin, only people who have a lot of assets or billionaires invest in bitcoin and the risk of investing in bitcoin is also very large I strongly disagree with this .
when you think like this I think you are quite naive to say that because for me personally everyone can invest here.
apart from the risk in investing it is a very reasonable thing because everything there must be a risk that must be accepted.
apart from all that, all can invest here. there is no specific classification in investing in crypto, especially bitcoin, all here are considered investors, both small and large.


Title: Re: Bitcoin or Gold: Superiority
Post by: verita1 on October 02, 2021, 08:14:44 PM
Bitcoin is a new technology even though it was created in 2009. We also have the new networks to be used in masses.
Those who prefer bitcoin are the new generations while those who invest in gold do so under the belief since when gold was chosen as a legal reserve.
However, those who invest in gold are also investing in bitcoin.
I prefer to invest in bitcoin for all the benefits that we know of.
So much so that I live in a state where gold is exploited in my country and, as I said, my preference is bitcoin.


Title: Re: Bitcoin or Gold: Superiority
Post by: redlink96 on October 03, 2021, 01:00:34 AM
If we are talking about getting more money, I think bitcoin is the best investment, why? Of course we all knew that bitcoin gave more benefit and income to almost all crypto users.
But if we are talking about keeping our asset value, gold is the best one. First the price is stable, the price will grow slowly and almost like the bank systems which counting rate, inflation, etc. So the price will always stable, that's why gold is good for longterm saving/investmen.


Title: Re: Bitcoin or Gold: Superiority
Post by: bitgov on October 03, 2021, 07:52:07 AM
I think gold is superior to bitcoin, we must be aware and don't close the fact that gold is a type of investment that has been actively used since thousands of years ago, from humans knowing buying and selling, gold will continue to be used at any time, while bitcoin, many pessimistic experts can last 100 years again.

That's very much correct. Gold has market cap of over 11 Trillion USD while BTC is under 1 Trillion USD. Gold as compared to BTC is more stable and matured market. BTC is new that doesn't mean it does not qualify to last for centuries. If I have to invest I will invest half of my money in gold while half in BTC. As its better not to put all your eggs in one basket.


Title: Re: Bitcoin or Gold: Superiority
Post by: Dhaniii on October 03, 2021, 08:06:29 AM
I think both are good for investment, because bitcoin and gold have their respective potentials and also have different levels of security. if you are an expert in the field of trading, of course bitcoin is superior for you and for those of you who like to keep assets for a long time and don't like trading, then gold is superior for you. so both have their own specifications.


Title: Re: Bitcoin or Gold: Superiority
Post by: Finestream on October 03, 2021, 09:02:58 AM
I think both are good for investment, because bitcoin and gold have their respective potentials and also have different levels of security. if you are an expert in the field of trading, of course bitcoin is superior for you and for those of you who like to keep assets for a long time and don't like trading, then gold is superior for you. so both have their own specifications.
There's no sense of having a debate which one is superior because we know in the long run, both of them are profitable. They might only differ in some ways. Bitcoin is being used as a store of value and a currency while gold alone serves only as an investment and its up to you if you will hold it for long term. For some, they have chosen bitcoin because its clear that its profits is 10x higher than gold but for some who prefer more stable and solid investment, gold is their choice. Maybe we might differ in our personal choices but we know at the end of the day, the amount of profits is still that matters most.


Title: Re: Bitcoin or Gold: Superiority
Post by: Mr.sprin on October 03, 2021, 12:36:44 PM
gold is an investment in the real world that physically can be handled directly and stored in a gold vault, the price tends to be stable, so gold is a lot of people who still want to invest, while bitcoin is a virtual currency and the price is unstable, so middle-class people rarely invest in bitcoin, only people who have a lot of assets or billionaires who invest in bitcoin and the risk of investing in bitcoin is also very large.
to say bitcoin is unstable then I agree with this, but to say that if the middle class rarely invests in bitcoin, only people who have a lot of assets or billionaires invest in bitcoin and the risk of investing in bitcoin is also very large I strongly disagree with this .
when you think like this I think you are quite naive to say that because for me personally everyone can invest here.
apart from the risk in investing it is a very reasonable thing because everything there must be a risk that must be accepted.
apart from all that, all can invest here. there is no specific classification in investing in crypto, especially bitcoin, all here are considered investors, both small and large.
I say that because I see that in the neighborhood where I live most of those who invest in bitcoin are only the rich and the lower middle class they invest in altcoins such as eth or bnb coins,


Title: Re: Bitcoin or Gold: Superiority
Post by: Betwrong on October 04, 2021, 12:03:43 PM
As for me, these are two fundamentally different options for investing, even in their essence. Because gold is more stable, you already know what to expect. Bitcoin, on the other hand, is a more complicated option.

I think no none would argue that gold is more stable in the short-to-medium term, but we don't know what to expect from gold in 20 years. Yes, it will never be of zero value, that's for sure, but it can lose 80% of its today's price for the reasons I was talking about earlier in this thread. As for Bitcoin, I'm not saying we can know what to expect in 20 years. We can't. I just want to emphasize that it's similar to gold in this regard.


Title: Re: Bitcoin or Gold: Superiority
Post by: nurilham on October 04, 2021, 12:19:30 PM
It is undeniable that investing in bitcoin and gold is a profitable investment. but personally I prefer to invest in bitcoin and other crypto. although gold investment is also good and quite stable but the profit that can be obtained is also not too big and takes a long time to be able to get a big profit. while investing in bitcoin or other crypto we can get much greater profits, besides that we can choose to invest long or short term. but we know that not everyone can keep up with technological developments like bitcoin or other cryptos so I think they both have their advantages.


Title: Re: Bitcoin or Gold: Superiority
Post by: ninkdwi on October 04, 2021, 07:49:11 PM
gold is an investment in the real world that physically can be handled directly and stored in a gold vault, the price tends to be stable, so gold is a lot of people who still want to invest, while bitcoin is a virtual currency and the price is unstable, so middle-class people rarely invest in bitcoin, only people who have a lot of assets or billionaires who invest in bitcoin and the risk of investing in bitcoin is also very large.
to say bitcoin is unstable then I agree with this, but to say that if the middle class rarely invests in bitcoin, only people who have a lot of assets or billionaires invest in bitcoin and the risk of investing in bitcoin is also very large I strongly disagree with this .
when you think like this I think you are quite naive to say that because for me personally everyone can invest here.
apart from the risk in investing it is a very reasonable thing because everything there must be a risk that must be accepted.
apart from all that, all can invest here. there is no specific classification in investing in crypto, especially bitcoin, all here are considered investors, both small and large.
I say that because I see that in the neighborhood where I live most of those who invest in bitcoin are only the rich and the lower middle class they invest in altcoins such as eth or bnb coins,
I don't know where you are from, but judging from your statement I think crypto especially bitcoin is still a taboo thing for your area now.
but that's pretty good because apart from you being able to take advantage of it to be a differentiator from the others, you can also be a pioneer in your area, especially in terms of crypto.
even though it's still a taboo for now but believe me it will soon change just by waiting for time


Title: Re: Bitcoin or Gold: Superiority
Post by: Hasan986 on October 04, 2021, 09:43:44 PM
I would personally say Bitcoin. Bitcoin is currently in demand. Many different companies are constantly investing in Bitcoin. At present its price is 45 thousand, in future it will not take more than 1-2 lakh.


Title: Re: Bitcoin or Gold: Superiority
Post by: LeGaulois on October 05, 2021, 07:54:31 PM
I would personally say Bitcoin. Bitcoin is currently in demand. Many different companies are constantly investing in Bitcoin. At present its price is 45 thousand, in future it will not take more than 1-2 lakh.


Many? How much? You probably can't name a dozen of them without looking at google. You saw Microstrategy and Tesla buying BTC and that's probably all you know about. So "many" companies turn out to be 3 or 4.

Did you know that there are more companies demanding gold than companies demanding BTC? Gold is not only for the jewelry industry.
In fact, Gold has more use cases than BTC. What can you do with BTC? Not much, only speculating or hold, and if you want to spend it you most of the time need to exchange it for vouchers or fiat or something else done with a 3rd party.
Gold can be used in the pharma industry, electronics, jewelry, dentistry, architecture, aerospace...


Title: Re: Bitcoin or Gold: Superiority
Post by: Oilacris on October 05, 2021, 07:57:07 PM
I would personally say Bitcoin. Bitcoin is currently in demand. Many different companies are constantly investing in Bitcoin. At present its price is 45 thousand, in future it will not take more than 1-2 lakh.
But havent you realized on trying to compare natural mineral on the earth and something that been created via code? Honestly you wouldnt really able to ignore that they are totally different.

There might be some impressions about being great just because it had able to overtake on one others value? It wouldnt really be enough considering the supply of both then

you could say that comparison would be meaningless or doesnt really have any point at all.Superiority? Why would need to choose one if we can have both?


Title: Re: Bitcoin or Gold: Superiority
Post by: Pejoh Asu on October 06, 2021, 10:42:25 AM
I would personally say Bitcoin. Bitcoin is currently in demand. Many different companies are constantly investing in Bitcoin. At present its price is 45 thousand, in future it will not take more than 1-2 lakh.

Bitcoin is certainly more profitable than gold, but we don't know if bitcoin can last for a long time like gold, the biggest test of bitcoin today is being able to overcome pressure from countries that banned bitcoin, so that bitcoin development can be free like gold.


Title: Re: Bitcoin or Gold: Superiority
Post by: peter0425 on October 06, 2021, 12:12:09 PM
I would personally say Bitcoin. Bitcoin is currently in demand. Many different companies are constantly investing in Bitcoin. At present its price is 45 thousand, in future it will not take more than 1-2 lakh.

Bitcoin is certainly more profitable than gold, but we don't know if bitcoin can last for a long time like gold, the biggest test of bitcoin today is being able to overcome pressure from countries that banned bitcoin, so that bitcoin development can be free like gold.
That is something we all afraid of , about Bitcoin wont last for another 10  years but yeah let's enjoy what we are having now.

Bitcoin may not that standing long like gold but at least all of us gains profit more than what gold holders has in their 10 years of Holding.

so yes it is Bitcoin if we will be talking of our time now.


Title: Re: Bitcoin or Gold: Superiority
Post by: Wawa2013 on October 06, 2021, 12:27:09 PM
I would personally say Bitcoin. Bitcoin is currently in demand. Many different companies are constantly investing in Bitcoin. At present its price is 45 thousand, in future it will not take more than 1-2 lakh.

Bitcoin is certainly more profitable than gold, but we don't know if bitcoin can last for a long time like gold, the biggest test of bitcoin today is being able to overcome pressure from countries that banned bitcoin, so that bitcoin development can be free like gold.

Therefore I focus more on investing in Bitcoin, because it has proven to be more profitable than Gold. It is true that there is no guarantee that Bitcoin
will last as long as Gold, but if we see the demand for Bitcoin is increasing, I am optimistic that for at least a few decades Bitcoin will survive.
Although Bitcoin is now under pressure from several countries to ban Bitcoin, it is not a problem to worry about. If we look at history, Bitcoin has
been under pressure several times from several countries, but until now Bitcoin can still grow, even the price of Bitcoin is getting higher. So I still
believe the future of Bitcoin will be bright.


Title: Re: Bitcoin or Gold: Superiority
Post by: LimLims on October 06, 2021, 12:37:05 PM
Question

The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?

Here are my thoughts

A valuable store of value and medium of exchange, gold has been around for five thousand years.

Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.

How do you feel about this?

If you comparing between Bitcoins and Gold (not Digital Gold), then BITCOINS will surely win.
It’s lot more easy and compact to hold digital asset than physical asset.
Moreover the price of Bitcoins has great potential in shorter period of time.
So definitely like me many people will chose Bitcoins over Gold.
Hope this helps you OP.


Title: Re: Bitcoin or Gold: Superiority
Post by: Betwrong on October 06, 2021, 01:29:11 PM
I would personally say Bitcoin. Bitcoin is currently in demand. Many different companies are constantly investing in Bitcoin. At present its price is 45 thousand, in future it will not take more than 1-2 lakh.


Many? How much? You probably can't name a dozen of them without looking at google. You saw Microstrategy and Tesla buying BTC and that's probably all you know about. So "many" companies turn out to be 3 or 4.

Did you know that there are more companies demanding gold than companies demanding BTC? Gold is not only for the jewelry industry.
In fact, Gold has more use cases than BTC. What can you do with BTC? Not much, only speculating or hold, and if you want to spend it you most of the time need to exchange it for vouchers or fiat or something else done with a 3rd party.
Gold can be used in the pharma industry, electronics, jewelry, dentistry, architecture, aerospace...

Still the main use of gold is for jewelry, and it's questionable whether gold will be in demand in this industry in the future.

And I disagree on "only speculating or hold". :)  Many of us here, including you, receive payments in BTC. Receiving payments in fiat currencies would be much more complicated.


Title: Re: Bitcoin or Gold: Superiority
Post by: Sir Legend on October 06, 2021, 02:03:32 PM
I think these are 2 different types of investments, maybe like grapes and apples so both are good, I'm never too big a fan to put my money in one place, if both are profitable of course dividing the money equally is the wisest thing.


Title: Re: Bitcoin or Gold: Superiority
Post by: ninkdwi on October 07, 2021, 03:38:53 PM


Bitcoin is certainly more profitable than gold, but we don't know if bitcoin can last for a long time like gold, the biggest test of bitcoin today is being able to overcome pressure from countries that banned bitcoin, so that bitcoin development can be free like gold.

Therefore I focus more on investing in Bitcoin, because it has proven to be more profitable than Gold. It is true that there is no guarantee that Bitcoin
will last as long as Gold, but if we see the demand for Bitcoin is increasing, I am optimistic that for at least a few decades Bitcoin will survive.
Although Bitcoin is now under pressure from several countries to ban Bitcoin, it is not a problem to worry about. If we look at history, Bitcoin has
been under pressure several times from several countries, but until now Bitcoin can still grow, even the price of Bitcoin is getting higher. So I still
believe the future of Bitcoin will be bright.

this is one of the positive thoughts and indeed when on this path I think you should think the same thing like this.
it's true when talking about bitcoin no one knows for sure what will happen in the future, whether bitcoin will get bigger or vice versa.
no one knows about it, everything just reveals all speculation but the evidence can only be us in the future.
but of course before stepping into the future we need to do something for today and now bitcoin is proven both in terms of volatility and in terms of market cap.
although there is a risk that must be taken, but as long as it leads to the better why not do it.


Title: Re: Bitcoin or Gold: Superiority
Post by: turneps on October 07, 2021, 04:04:56 PM
Whether Bitcoin can be compared with gold as a hedge, hedge against inflation and become an investment choice in the future is always a hot topic of debate. The adoption of Bitcoin by institutional investors is just beginning, while for gold, it is natural for institutional investors to accept it. If this mid- to long-term thesis proves to be true, gold prices will suffer a structural headwind in the coming years. Despite the preference for gold, BTC and gold can still co-exist in the future. In order to serve as a proper store of value, cryptocurrencies must demonstrate the "longevity and security," which precious metals have demonstrated over the years. Accordingly, gold has actually been a safe-haven asset of choice for centuries. It has certainly prevailed and served as a stable financial instrument throughout a large part of human history. However, BTC also has its benefits, as trading and storing cryptocurrencies is accessible and requires no intermediaries like banks.


Title: Re: Bitcoin or Gold: Superiority
Post by: lepbagong on October 07, 2021, 06:43:20 PM
I would personally say Bitcoin. Bitcoin is currently in demand. Many different companies are constantly investing in Bitcoin. At present its price is 45 thousand, in future it will not take more than 1-2 lakh.
if the company is clearly unlikely to buy gold for investment because it is impractical to store it, it is certain that the company will focus only on stocks, forex and now bitcoin is probably very popular too.

it all depends on the company, what they think is very supportive for the further development of the company's finances, besides of course the main work being carried out. because saving investments for large companies is very important than just saving in the bank.

you are right bitcoin, has great potential for the long term because it will always increase sharply compared to just stocks and forex. because every halving (4 years) will be achieved renewable ATH for bitcoin, which is not owned by other systems.

Bitcoin is certainly more profitable than gold, but we don't know if bitcoin can last for a long time like gold, the biggest test of bitcoin today is being able to overcome pressure from countries that banned bitcoin, so that bitcoin development can be free like gold.
Of course, all will clearly agree that bitcoin will be more profitable than any investment for now, no exception when compared to gold, bitcoin is still superior.

bitcoin will remain the same as gold, as long as all need and use and store bitcoin, it will not disappear. if only pressure from the government is a natural thing, because usually they don't have standard rules for the existence of bitcoin. because bitcoin is vulnerable to abuse, it is clear that the state must guard against this happening.

so there is no doubt that for now bitcoin will be able to attract many people to invest in it, because it is clearly very profitable even when compared to other investments. we don't know in the future if anyone is able to make a match like bitcoin, as long as there isn't, bitcoin will always be sought.


Title: Re: Bitcoin or Gold: Superiority
Post by: Botnake on October 07, 2021, 07:10:59 PM
I would personally say Bitcoin. Bitcoin is currently in demand. Many different companies are constantly investing in Bitcoin. At present its price is 45 thousand, in future it will not take more than 1-2 lakh.
if the company is clearly unlikely to buy gold for investment because it is impractical to store it, it is certain that the company will focus only on stocks, forex and now bitcoin is probably very popular too.

it all depends on the company, what they think is very supportive for the further development of the company's finances, besides of course the main work being carried out. because saving investments for large companies is very important than just saving in the bank.

you are right bitcoin, has great potential for the long term because it will always increase sharply compared to just stocks and forex. because every halving (4 years) will be achieved renewable ATH for bitcoin, which is not owned by other systems.

Bitcoin is certainly more profitable than gold, but we don't know if bitcoin can last for a long time like gold, the biggest test of bitcoin today is being able to overcome pressure from countries that banned bitcoin, so that bitcoin development can be free like gold.
Of course, all will clearly agree that bitcoin will be more profitable than any investment for now, no exception when compared to gold, bitcoin is still superior.

bitcoin will remain the same as gold, as long as all need and use and store bitcoin, it will not disappear. if only pressure from the government is a natural thing, because usually they don't have standard rules for the existence of bitcoin. because bitcoin is vulnerable to abuse, it is clear that the state must guard against this happening.

so there is no doubt that for now bitcoin will be able to attract many people to invest in it, because it is clearly very profitable even when compared to other investments. we don't know in the future if anyone is able to make a match like bitcoin, as long as there isn't, bitcoin will always be sought.
In terms of profits, its very clear that bitcoin takes the lead. Its value is definitely huge compared to gold. But the only thing that makes investors doubtful to invest in bitcoin is due to its high volatility, the value suddenly pumps or dumps depending on the market's condition. And this creates more confusion especially to those who did not know bitcoin well.

However, gold may have a lesser value compared to bitcoin but there's no high fluctuations happening in it. It's value is fixed and may only get to increase if the demand gets higher but that only happens very seldom. But since it's a traditional way of investment, people find it quite irresistible to resist.


Title: Re: Bitcoin or Gold: Superiority
Post by: utc00 on October 08, 2021, 11:09:43 AM
Bitcoin and other altcoin investment is the best any wise investor can do right now. Though, some investors are still scared of cryptocurrency. To me, Cryptocurrency is future.


Title: Re: Bitcoin or Gold: Superiority
Post by: Blawpaw on October 08, 2021, 11:20:00 AM
Right now, Gold is increasingly being searched for its characteristics as a raw material due to the space industry. However, Gold is only scarce on our planet as while in the cosmos it is an abundant material. In case space companies start Space mining, once they get to an asteroid that has more Gold than in the earth its price will surely plummet. Contrary to that, bitcoin will only ever have 21M assets and that number cannot change. This makes it one of the scarcest assets on earth and the logic is that its price, due to its real-life application, increases indefinitely.


Title: Re: Bitcoin or Gold: Superiority
Post by: stomachgrowls on October 08, 2021, 01:57:04 PM
Nowadays, many people really prefer Bitcoin. As for me, this type of investment can bring really good results.

Good results for long term but that one wont really be a guarantee. Superiority is something that is quite irrelevant on where trying to make out some comparison between gold and bitcoin?

None of them would took the throne because this is something that shouldnt really be compared at all.Just like what others been saying that a natural mineral of this world and a digital currency
is totally different.They do function on different thing and also they do have different value but what matter most here is that both is really capable on giving out potential profits in long term
but somehow security and assurance will really vary or depend.


Title: Re: Bitcoin or Gold: Superiority
Post by: Betwrong on October 11, 2021, 10:02:56 AM
Nowadays, many people really prefer Bitcoin. As for me, this type of investment can bring really good results.

Good results for long term but that one wont really be a guarantee. Superiority is something that is quite irrelevant on where trying to make out some comparison between gold and bitcoin?

None of them would took the throne because this is something that shouldnt really be compared at all.Just like what others been saying that a natural mineral of this world and a digital currency
is totally different.They do function on different thing and also they do have different value but what matter most here is that both is really capable on giving out potential profits in long term
but somehow security and assurance will really vary or depend.

I think many people here want to compare BTC vs Gold in relation to investments. You can compare anything with anything in this regard. If you google "best investments in 2021", you'll see many very different things in the top 20, and yet people compare them.

But I agree with you that in other respects it's hard to compare the two.

I'd say "Gold belongs to the past, and Bitcoin is the future", but I know that not many people would agree with me even on this forum, let alone outside of it.


Title: Re: Bitcoin or Gold: Superiority
Post by: LeGaulois on October 11, 2021, 11:54:11 AM

Still the main use of gold is for jewelry, and it's questionable whether gold will be in demand in this industry in the future.

And I disagree on "only speculating or hold". :)  Many of us here, including you, receive payments in BTC. Receiving payments in fiat currencies would be much more complicated.

I didn't deny it.
Yes, the main use is for the jewelry market (for about 60% actually) and it's not going to change contrarily to what you think. The demand will be the same, more or less. We're using gold for the jewelry before Ancient Egypt, 3000 years ago before Jesus Christ.
Why and how will it change in the future (near or not)

on "only speculating or hold"

Yes, some people (including me) receive payments in BTC, well what I call real uses cases. But face the reality, the percentage of people using BTC for something else than 'real use 'case' (and here I mean only speculating) is the vast majority.
70% of the transactions on the bitcoin network are related to trading activity. I could link the research if you don't want to believe me.
Not even a need for research to guess it, we perfectly know the crypto sphere, it's just a matter to accept the reality


Title: Re: Bitcoin or Gold: Superiority
Post by: Betwrong on October 12, 2021, 08:14:49 AM

Still the main use of gold is for jewelry, and it's questionable whether gold will be in demand in this industry in the future.

And I disagree on "only speculating or hold". :)  Many of us here, including you, receive payments in BTC. Receiving payments in fiat currencies would be much more complicated.

I didn't deny it.
Yes, the main use is for the jewelry market (for about 60% actually) and it's not going to change contrarily to what you think. The demand will be the same, more or less. We're using gold for the jewelry before Ancient Egypt, 3000 years ago before Jesus Christ.
Why and how will it change in the future (near or not)

on "only speculating or hold"

Yes, some people (including me) receive payments in BTC, well what I call real uses cases. But face the reality, the percentage of people using BTC for something else than 'real use 'case' (and here I mean only speculating) is the vast majority.
70% of the transactions on the bitcoin network are related to trading activity. I could link the research if you don't want to believe me.
Not even a need for research to guess it, we perfectly know the crypto sphere, it's just a matter to accept the reality

I agree with you in general. Regarding receiving payments in BTC, I just wanted, once again, to bring to the attention of people monitoring this forum that there are those who are paid in BTC. How many of such people are there, is another question. I think - less than 0.01% of the world population currently, but I hope things will be changing fast in this department.

Why do I think that gold can lose its value in the future is because we already have some examples. In  this article (https://www.wikye.com/expensive-things-that-are-worthless-today/) read about Dyes and Crystals. I think something similar can happen to Gold.


Title: Re: Bitcoin or Gold: Superiority
Post by: Rufsilf on October 12, 2021, 01:46:21 PM
Question

The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?

Here are my thoughts

A valuable store of value and medium of exchange, gold has been around for five thousand years.

Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.

How do you feel about this?

Gold has been in our world for a thousands of years now and it has been proven historically as an investment or an asset and it has been a luxury provided to make much more in return.
But bitcoin is far more superior than gold in this era, bitcoin is undoubtedly much more valuable as an asset/investment than the gold and provides much more return. Given that the bitcoin is highly volatile and extremely risky but it's still proven to make huge returns.

But the scarcity of gold will make some huge impact on the price of gold in the years to come. For now I'd say that the bitcoin is much more superior than the gold.


Title: Re: Bitcoin or Gold: Superiority
Post by: amihada on October 12, 2021, 03:07:42 PM
gold and bitcoin are the same as long-term investment benefits, but in my country many people are still new to bitcoin, they still believe in gold for investment.


Title: Re: Bitcoin or Gold: Superiority
Post by: rudolfaxl on October 13, 2021, 04:02:16 PM
Question

The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?

Here are my thoughts

A valuable store of value and medium of exchange, gold has been around for five thousand years.

Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.

How do you feel about this?
On the matter of Bitcoin or gold, I do not consider gold an investment but just a safe savings for myself. I think the price of bitcoin increases not because it competes with gold but because bitcoin competes with a weak currency with high inflation rate. Therefore, investing in a project with a high rate of return like Bitcoin is one of them top picks of traders and i think we all see the potential and huge profits from bitcoin rather than gold.


Title: Re: Bitcoin or Gold: Superiority
Post by: agg2702 on October 13, 2021, 07:09:50 PM
gold and bitcoin are the same as long-term investment benefits, but in my country many people are still new to bitcoin, they still believe in gold for investment.
this is an opportunity for you to try different from the others, then a few years later you compare the results.
This will be great for you to do because trying to be different from others doesn't mean we are being disowned.
although the stigma may be different, this is precisely the reason you stay here and invite the people closest to you as much as possible because I am sure the results will be better.


Title: Re: Bitcoin or Gold: Superiority
Post by: Patigi on October 13, 2021, 07:31:28 PM
I believe in Bitcoin than gold because Bitcoin investment can change life just a month when Bitcoin rises but gold take years compare to the  Bitcoin. and for my own observations gold are mainly use by many People as fashion or investment so it is not well secure as Bitcoin that you can get in wallet and nobody will know.


Title: Re: Bitcoin or Gold: Superiority
Post by: izsara on October 13, 2021, 07:44:45 PM

On the matter of Bitcoin or gold, I do not consider gold an investment but just a safe savings for myself. I think the price of bitcoin increases not because it competes with gold but because bitcoin competes with a weak currency with high inflation rate. Therefore, investing in a project with a high rate of return like Bitcoin is one of them top picks of traders and i think we all see the potential and huge profits from bitcoin rather than gold.
it would be better to call it a savings because indirectly the value of gold is not eroded by inflation significantly and rarely changes drastically, making gold savings a good choice with a level of risk that tends to be easy to manage in contrast to crypto, especially bitcoin which is very difficult to regulate it even to predict it requires TA that is carried out on an ongoing basis.


Title: Re: Bitcoin or Gold: Superiority
Post by: Baskeyairdrop on October 13, 2021, 08:55:13 PM
The correlation between Bitcoin and the two is almost zero. Bitcoin is an ideal tool for spreading risk. In addition to traditional investment products, bitcoin can account for more than 30 percent. I’m 70% bitcoin, 20% altcoin, and only 10% bank fund.

I read this and couldn't help but contribute to this. If you are a risk taker, then bitcoin is the way for you but not withstanding, bitcoin is the way in this century,.


Title: Re: Bitcoin or Gold: Superiority
Post by: chanler on October 13, 2021, 09:46:06 PM
bitcoin or gold both have their respective values and advantages, and we can choose one of them to invest. it's true that gold has appeared first but that is not a benchmark that gold investment is better than other emerging investments such as bitcoin investment. investing in bitcoin or gold is an option depending on the beliefs and needs of each. but if you can invest in both then that's much better.


Title: Re: Bitcoin or Gold: Superiority
Post by: oktana on October 13, 2021, 09:54:02 PM
bitcoin or gold both have their respective values and advantages, and we can choose one of them to invest. it's true that gold has appeared first but that is not a benchmark that gold investment is better than other emerging investments such as bitcoin investment. investing in bitcoin or gold is an option depending on the beliefs and needs of each. but if you can invest in both then that's much better.

Correct! But have you weighed the advantages and disadvantages of both assets? Yes, Gold is an asset but can you store it at home without requiring extra security? If there was a thief, wouldn't your concern be to hide it? If you want more security, you have to take it to the bank which takes you to centralization. Unlike Gold, Bitcoin can be stored by you without requiring any extra (or physical) security. It is as small as data(obviously). There's no way it can be detected by anyone(You can own some Bitcoin and yet there'll be no way anyone will discover unless you let them). ETC!


Title: Re: Bitcoin or Gold: Superiority
Post by: bct-user on October 13, 2021, 10:24:56 PM
gold and bitcoin are the same as long-term investment benefits, but in my country many people are still new to bitcoin, they still believe in gold for investment.
People don't need to leave Gold, they just need to have another investment in Bitcoin. Gold has been a trusted asset for many years, people must still have it for their future investment. With Bitcoin, they will have another investment, which is a great digital asset. It is not a must to choose one of them, the best way is to have both of them. We believe Gold and Bitcoin as the best assets for future life.



Title: Re: Bitcoin or Gold: Superiority
Post by: NicNacCoin on October 13, 2021, 10:46:23 PM
Gold and Bitcoin are both very popular all over the world. Gold though has its use all over the world and there are no restrictions. Bitcoin is banned in some countries. But if you ask me to judge, I will Of course I will evaluate Bitcoin. Because now bitcoin is much more valuable than gold. If you can keep bitcoin you can get a lot of money at once.


Title: Re: Bitcoin or Gold: Superiority
Post by: amihada on October 14, 2021, 02:51:09 AM
gold and bitcoin are the same as long-term investment benefits, but in my country many people are still new to bitcoin, they still believe in gold for investment.
this is an opportunity for you to try different from the others, then a few years later you compare the results.
This will be great for you to do because trying to be different from others doesn't mean we are being disowned.
although the stigma may be different, this is precisely the reason you stay here and invite the people closest to you as much as possible because I am sure the results will be better.
true my friend has done as you said even i have sold gold then i invest bitcoin i am very sure that bitcoin investment is much more profitable than my gold investment.


Title: Re: Bitcoin or Gold: Superiority
Post by: Swapzone_pr on October 15, 2021, 08:39:39 AM
Question

The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?

Here are my thoughts

A valuable store of value and medium of exchange, gold has been around for five thousand years.

Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.

How do you feel about this?
There is a reason why some rich people prefer gold and oil to crypto: uncertainty.
Cryptocurrency has no backing entity, and no certainty. It isn’t even very easily predicted since it isn’t tied to real world assets. Money and investors like predictability. But even though it's not a traditional investment, it surely is a good type of investing, especially when you use your head.


Title: Re: Bitcoin or Gold: Superiority
Post by: Rishabh riyz on October 21, 2021, 08:10:26 AM
gold and bitcoins both have been a great asset with best profits for many people,
if we talk about superiority in terms of legality and accessibility gold is the clear winner it is accessible to people of all economic standing and technological knowledge , its legality cannot be questions as  country's currency or paper money has a value directly linked to gold.  
but if we just consider them both as an asset Bitcoins would make its stand .


Title: Re: Bitcoin or Gold: Superiority
Post by: yohananaomi on January 16, 2022, 08:47:08 PM
Back then and people knew that gold as a number one but now it has a counterpart a gold vs bitcoin and in the new generation I see how much you value bitcoin means superiority because bitcoin earns higher than gold and especially now gold is declining steadily.
if it's a matter of falling prices like you said to gold, bitcoin is also currently experiencing a decline, of course it's natural that gold and bitcoin don't always continue to increase, it can be ascertained that they will also be affected by various kinds of problems and will experience a decline.

the principle is that both are very good to be used as investments, depending on what the person who wants to do the investment wants to do. gold can be used for accessories and there are still many people who want to have gold to show their identity. Instead, bitcoin is invisible and cannot be exhibited in real form.

If asked to choose, obviously bitcoin is more attractive to my principles but maybe for others it could be gold. for me bitcoin is always going to increase at least during the halving and this is what makes it a very interesting thing that gold does not have.


Title: Re: Bitcoin or Gold: Superiority
Post by: Ryu_Ar1 on January 16, 2022, 09:01:30 PM
when saying gold and bitcoin maybe in some ways gold will be superior because gold can be converted into money at a price that is relatively the same as the purchase price and it is still quite powerful to this day.
but maybe for bitcoin itself they have very good volatility to date and let's not forget that Bitcoin can also help hedge against inflation but in terms of inflation even gold is a natural hedge to avoid inflation.
but on the other hand why do many people choose bitcoin because indeed they will benefit much more from bitcoin even though there is a risk there.
but I think with this risk for me personally I am more motivated by this.


Title: Re: Bitcoin or Gold: Superiority
Post by: 24Kt on January 16, 2022, 10:19:17 PM
when saying gold and bitcoin maybe in some ways gold will be superior because gold can be converted into money at a price that is relatively the same as the purchase price and it is still quite powerful to this day.
but maybe for bitcoin itself they have very good volatility to date and let's not forget that Bitcoin can also help hedge against inflation but in terms of inflation even gold is a natural hedge to avoid inflation.
but on the other hand why do many people choose bitcoin because indeed they will benefit much more from bitcoin even though there is a risk there.
but I think with this risk for me personally I am more motivated by this.

In my opinion, I won't compare bitcoin and gold here. Maybe, if in terms of price. But with other factors, they are not comparable. Gold has tangible uses like being used extensively in electronics industry. And don't forget, those miners mining btc, they have gold as one of the important components of those equipment. For most people here, it is easy to invest on bitcoin rather on gold. Gold has other documentary needs as well as safe-keeping aspects. But with bitcoin, it is easy peasy once you get acquainted with it. But don't forget that gold has valuable usage in this market aside from being investment purposes.


Title: Re: Bitcoin or Gold: Superiority
Post by: Desmong on January 16, 2022, 10:33:58 PM
I will always prefer Bitcoin to Gold cause it has great opportunity in it and it's as much as volatile compared to Gold. Bitcoin is having more adoption and with time it is going to surpass gold because of it's maws adoption. Although the market might be read now but I am very sure that Bitcoin is going to reach $100k where Gold would have become less valuable compared to price.


Title: Re: Bitcoin or Gold: Superiority
Post by: nullama on January 16, 2022, 10:41:47 PM
Bitcoin is superior to gold in almost every aspect.

I find that gold is usually easy to buy, but difficult to sell. Some mints are happy to sell you gold but they won't buy back their own gold. Selling gold is not ideal, specially in large quantities.

Personally I prefer Bitcoin by far. It's much easier to deal with, it can be bought or sold internationally, and instantly, from your own home. You can keep large or small quantities of it easily, etc. It's just much better in every way.


Title: Re: Bitcoin or Gold: Superiority
Post by: lucates on January 17, 2022, 04:23:26 PM
gold and bitcoin, managed to become one of the most profitable investment assets in the first half of this year. However, the simultaneous increase in the value of the two assets brings back the creation of which asset will be the better store of value. Gold or Bitcoin, which is more profitable? if I personally think I prefer to invest in bitcoin, the big risk is definitely the profit we get will be great too..


Whatever you choose is all up to you and make sure you thoroughly researched on it and fully trusted that method of investing don't invest because anyone pushing you or to satisfy greedy. And the most responsible for ours is not pull anyone who are not interested or lacking trust on any mode of investment.


Title: Re: Bitcoin or Gold: Superiority
Post by: jhonjhon on January 18, 2022, 02:32:06 AM
Well, I think  bitcoin will always have over gold. The fact is exist, completely secure and untraceable,as nothing more but a string of characters means that no one including any government can take it away from you. Aside from the that, bitcoin can be used as a payment. Bitcoin is easily the best commodity for store of value/currency when applying the traits of money.

At difficult times like Covid-19 pandemic, you need to think out of the box and crypto is the way forward to make wealth at these desperate time. Thats why bitcoin is superior than gold.


Title: Re: Bitcoin or Gold: Superiority
Post by: bitterguy28 on January 18, 2022, 03:14:04 AM
Back then and people knew that gold as a number one but now it has a counterpart a gold vs bitcoin and in the new generation I see how much you value bitcoin means superiority because bitcoin earns higher than gold and especially now gold is declining steadily.
This will be depending in which are talking because if we will rely in Older humans in which those who knows not more about technology then their firm answer is GOLD because this is their Onhand  funds and can keep safe with their own eyes.

but if we will be for New generation in which technologically adopted , then surely they will be for Bitcoin or any funds that can be accumulate using their gadgets and technology .


Title: Re: Bitcoin or Gold: Superiority
Post by: pushups44 on January 18, 2022, 03:27:02 AM
One of the best decisions I ever made was to sell most of my gold and convert it to cryptocurrency. Had I listened to Peter Schiff and other gold bugs talking crap about bitcoin, I would never be where I'm at today. I still like gold as a hedge and form of jewelry but it lacks the growth prospects of bitcoin and crypto!


Title: Re: Bitcoin or Gold: Superiority
Post by: rozak on January 18, 2022, 03:33:52 AM
Back then and people knew that gold as a number one but now it has a counterpart a gold vs bitcoin and in the new generation I see how much you value bitcoin means superiority because bitcoin earns higher than gold and especially now gold is declining steadily.
This will be depending in which are talking because if we will rely in Older humans in which those who knows not more about technology then their firm answer is GOLD because this is their Onhand  funds and can keep safe with their own eyes.

but if we will be for New generation in which technologically adopted , then surely they will be for Bitcoin or any funds that can be accumulate using their gadgets and technology .
Most people today I believe are very technology conscious. not just young people. those who are old are now starting to open up to digital technology.
the problem is the fear of people who are new to crypto and other digital asset investments. because indeed they know that investment is a real asset that they can hold and see.
convince people new to the digital world that I am having a hard time with digital asset ownership.


Title: Re: Bitcoin or Gold: Superiority
Post by: kotajikikox on January 18, 2022, 05:03:08 AM
One of the best decisions I ever made was to sell most of my gold and convert it to cryptocurrency. Had I listened to Peter Schiff and other gold bugs talking crap about bitcoin, I would never be where I'm at today. I still like gold as a hedge and form of jewelry but it lacks the growth prospects of bitcoin and crypto!
This is also the best answer i read here now , selling all your gold to convert for crypto? at least not only for bitcoin and that is also perfect diversifying your coins .

though i am still have my gold in my safe yet i consider this act in the future but not for now.
but you really did a great job and best example for all.


Title: Re: Bitcoin or Gold: Superiority
Post by: Mr.sprin on January 18, 2022, 07:39:39 AM
I read that many people like to invest in bitcoin compared to gold, I really believe people like bitcoin because the price of bitcoin is not normal, it can go up and it can go down at any time. experienced a drastic increase if it returned to 2018 for sure people would choose to buy gold and sell bitcoin.


Title: Re: Bitcoin or Gold: Superiority
Post by: nullama on January 18, 2022, 07:55:29 AM
Let's see what's happening in Norway, which is a very rich country.

They almost don't have any gold reserves. They have sold almost all of it because it's not a great investment in their eyes:

Norges Bank has sold 16 tonnes of gold bars in January and is planning to sell the remainder of the Central Bank's holdings of gold bars at a later time. Excluded from the sale are seven gold bars that have been used for exhibition purposes and a large number of gold coins that were transported to England when Norway was attacked in 1940. Norges Bank and the University of Oslo are discussing whether the gold coins can be put on public exhibition.

The background to the sale is that gold only accounted for just over one per cent of the Bank's international reserves, and thus contributed little towards diversifying the risk associated with the reserves. The return on gold has historically been low.

On the other hand, Aker, a company founded in 1841, with now more than 28 thousand employees has recently decided to invest in Bitcoin. They created Seetee, which will only deal with Bitcoin investments, with an initial investment of 500 million NOK. Here's the letter to the shareholders (https://www.seetee.io/static/shareholder_letter-6ae7e85717c28831bf1c0eca1d632722.pdf). Recommended reading as it describes the journey of understanding Bitcoin from the point of view of a successful businessman:

Quote
Aker’s decision to enter Bitcoin through Seetee is the result of a long and fundamental discussion about value. I have been drinking from the fire hose since last summer. While this letter is my way of expressing my thoughts on the matter, my insights are largely derived from reading articles and books, listening to podcasts and watching videos, as well as conversations with people around me.

Norway has made good financial decisions in the past, and I think they're going in the right direction now as well. Bitcoin is the future.


Title: Re: Bitcoin or Gold: Superiority
Post by: btc78 on January 18, 2022, 08:24:40 AM
I read that many people like to invest in bitcoin compared to gold, I really believe people like bitcoin because the price of bitcoin is not normal,
WHATT??  not normal ? meaning Abnormal ? lol Sounds funny  ;D

Bitcoin can clearly move up and down and that is the normal process of cryptocurrency and that is why there are many support coming from believers because this is how we make profit.

Quote
it can go up and it can go down at any time. experienced a drastic increase if it returned to 2018 for sure people would choose to buy gold and sell bitcoin.
That is what we called Volatility , and that is why trading market is mostly the best place to make money than putting in gambling that so much risky and only small chances to win.


Title: Re: Bitcoin or Gold: Superiority
Post by: Lordshiva on January 19, 2022, 05:19:01 PM
Both are good Gold and Bitcoin have their respective advantages, even the existing shortcomings can actually complement each other. Gold exists in real form and its value does not fluctuate, while Bitcoin is in digital form so that it is more easily accessible and stored and even predicted to be used as an anti-inflation tool although this cannot be ascertained, but the value of Bitcoin is very volatile and cannot be controlled. Both can be offered tools for investing that can provide profit, so which one is superior depends on your choice and comfort when using gold and Bitcoin.


Title: Re: Bitcoin or Gold: Superiority
Post by: peterpanda on January 19, 2022, 05:27:31 PM
We can take advantages from both of bitcoin and gold. Bitcoin can give you high return within short possible of time but there is a high risk also. O the other hand the price of gold is rising also but there is a low risk if you invest on gold. Both are good choice for investment to take profit.


Title: Re: Bitcoin or Gold: Superiority
Post by: Gasty4 on January 22, 2022, 05:09:44 PM
Both are very vital, one with a good vision can make good use of them both.
Gold still good,gives profit when traded with the right dealers, although they can still be regulated and regulated by the government.
This is we're Bitcoin has an upper hand than Gold, profits are made from Bitcoin, although from much better traders and those who knows the do's and don't.


Title: Re: Bitcoin or Gold: Superiority
Post by: syedakhlaque on January 23, 2022, 07:04:47 AM
I think bitcoin has more potential to earn than Gold. Although it is a high-risk business regarding loss or gain in the views of some people. But for the long time investment, it is better than Gold. The Bitcoin business has affected the gold business monopoly..And today, many Gold traders are joining the bitcoin business.
Second, The Gold business can join only rich people but the bitcoin business can be joined by the middle class and poor also.
 Bitcoin business is liked by all classes of life and all ages of life. It is the very good grace of this business but Gold business has no such quality.


Title: Re: Bitcoin or Gold: Superiority
Post by: Mauser on January 23, 2022, 08:15:10 AM
It depends on what we mean with superiority. For example, just looking at the performance over the last few years than bitcoins obviously outperformed gold. But if we look at which of the two did better in being a save haven asset that protects it's value than gold outperformed bitcoins. The volality of gold is much lower than that of Bitcoins. The higher volality creates a lot of uncertainty than can hurt investors in the short term. With gold we can mainly protect our current money without having much upside potential. If investors don't only want to make protect their wealth but also make more money they should go for bitcoins.