Bitcoin Forum

Hey guys!


I am making this post to start the discussion of Bitcoin vs gold, I know that this topic has been discussed in different threads, but I have a different approach of this topic. I want to get the opinion of the people that think gold is superior so I can see the other side of the argument.

I believe that Bitcoin is superior to gold, they're both assets, but not the same kind of asset. Gold is physical in the sense that a government or large entity can take it away from you, without your knowledge, and without needing your permission. Bitcoin combats this, a Bitcoin wallet doesn't need a SSN, ID, and other identification to own. Anyone in the world has the right to own Bitcoin, but the same can't be said about gold. People also argue that gold is a safer asset because it can be insured. I second this, insurance needs identification, which adds a second layer of binding your assets to your data, meaning that multiple people know exactly who owns that gold and how much its worth, that leaves room for corruption inside of banks allowing an evil third party to be notified who owns large investments that could be stolen/robbed. Bitcoin, as long as you have an anonymous wallet, doesn't have this issue. So long as you mix your coins before you sell them peer to peer or at an exchange, your identity for the most part is safe. Along with that, you can store Bitcoin in cold storage for decades with no apparent owner, so that they can be accessed later without legal trouble arising because of someone claiming that the investments are theirs.


Thanks for reading, what do you think about the Bitcoin vs Gold debate?

Government can literally take your private keys as easily as your hidden physical gold if they want, i mean good luck hidding that private key and if it's only in some physical device, it doesn't matter if officials can decrypt it or not if they confiscate it. Also btc wallet isn't an anonymous wallet, it's pseudonymous. You might feel that's nitpicking, but it makes all the difference since EVERYTHING can be tracked. That comes problematic when you try to cash out a bigger sum and your id will go to that mix.

The government can’t take my bitcoin, they won’t find my private keys, impossible. It really isn’t that hard to engrave them on something & hide or bury them. I could do 15 years in jail, get out & nobody would have found them.

Bitcoin is better than gold in every way.

Bitcoin is better than gold as a store of value asset, objectively.

• It can sent from one side of the planet to the other within seconds. (And it's extremely cheap with LN)
• It's easier to cut it into 100,000,000 pieces.
• It doesn't take space. (No storage costs)
• You know exactly how many there'll be.
• It's easier to verify.

And it introduces an extra feature: Trustless divided possession. (Multi-sig)


But, is this true? Lots of human rights are violated from authoritarian states. So, while everyone should have the right to own Bitcoin, they don't. While everyone should have the right to vote democratically, they don't. While everyone should have the right to be educated or health cared for free, they don't.
 
Some don't even have water.

Crypto does have that kind of characteristics but honestly i dont get the point on why people do really compared out Bitcoin into a natural mineral that can be founded on earth.When it comes to value
then we do know on whats the position of gold.Well it might not really be that volatile compared to bitcoin but when it comes to store of value and security then i would say that
gold would really have it but well they do serve out different markets and at least we do have some option to take.

Bitcointalk may not be the best forum to get the other side of the argument. Majority here believe Bitcoin is superior to gold and for good reason too.

Unnecessary for most of the part, Bitcoin is not competing with gold or fiat or any other currency or asset and it does not need to be proven to be better than gold, investors do their research and can come up with their own analysis of the venture.
Imo, it is discussed often cause it is an interesting topic, considering bitcoin was called digital gold for a period of time and both share some similarities.

Op, i can't oppose your opinion towards Gold and Bitcoin both are digital currency, but we have to know that gold has been in existence with fiat currency and people don't like to trade with gold any longer, and from my perception it seems that gold currency has lost validation and influence in the market, so might say that bitcoin has taken over adoption of gold, because trading bitcoin is like everyone choice instead of gold, it's not like they challenges in gold or a competition between Bitcoin currency and gold currency, what actually happened both currencies is a propagation.

Somewhat of a blanket statement that couldn't possibly hold true.  For example, when I make jewelry out of my Bitcoin, nobody ever gives me compliments.  Electricity also doesn't seem to travel along Bitcoin quite as easily and Bitcoin makes for poor teeth fillings.  In the event of a global internet outage or solar flare taking out the power grid, gold may find itself holding value a little better than Bitcoin.  Just a couple things off the top of my head.  Is Bitcoin a better investment vehicle for online trading, sure.  Is it going to be replacing gold in our circuitry anytime soon?  No.

Bitcoin and gold have different properties, and Bitcoin has weaknesses that won't allow it to fully replace gold.

 - Bitcoin relies on cryptography and code and hardware. Those things are not 100% secure.

 - Bitcoin needs internet connection, which might be taken down

 - Imagine if China will restrict all computers that are being sold on their market to only be compatible with their own OS that won't allow running Bitcoin. We take free Internet and software for granted, but what if it will change in the future? At least in some parts of the world?

 - Bitcoin is still considered an experiment. This is not my words, it's the words of Bitcoin devs. It is very succesful, but it's still not 100% set in stone. While gold has been a store of value for thousands of years.

Here you can check this thread as it has been discussed for many years in this community.

2015
Bitcoin vs Gold: The Age Old Debate (https://bitcointalk.org/index.php?topic=953939.0)

2017
Bitcoin VS. GOLD (https://bitcointalk.org/index.php?topic=2272001.0)
So Bitcoin is better than Gold? (https://bitcointalk.org/index.php?topic=1923060.0)

2018
Bitcoin vs. Gold, Fiat and Altcoins (Updated: Traits of Money) (https://bitcointalk.org/index.php?topic=5084692)

2019
Bitcoin versus Gold, the conflict (https://bitcointalk.org/index.php?topic=5129941.0)

2020
[UPDATED] Bitcoin vs Gold vs The US Stock Market(US500) (https://bitcointalk.org/index.php?topic=5279522)

A lot of people keep asking for no comparison between both as they are different and have different properties. However, IMO, Bitcoin is superior. Just compare the advantages that it brings to the advantages that Gold brings, then you'll understand that Gold is in the past. It does not reign anymore.

‘Bitcoin capitalization will surpass gold’
‘Bitcoin is gold 2.0’…
are some familiar sayings in the recent Bitcoin vs gold investment debates.
  ???

  :D

  :P

And to calm the already fraught debate, now for both Gold and BTC portfolios in 2021 are offering excellent returns.

The Bitcoin vs gold debate could be approached from different sides. You can look at it in different angles. All I'm saying is that Bitcoin is much better than gold in certain respects as gold is also much better than Bitcoin in others. If we are going to discuss about seizure, Bitcoin is indeed better than gold. But if we talk about certainty that the value won't crash in the next hundreds of years, gold might be better than Bitcoin. We cannot compare the two in its entirety as if they are completely the same.

We also cannot say the value of gold will be more valuable than bitcoin in 100 years. You can say like that because gold is already hundred years age or maybe thousands. But bitcoin age is just under 20 years and it's still developing within year.
In this digital era where people are less meet each other, i think digital assets is becoming a new gold in the future, people will no longer save their physical assets but everything is in digital but with better security ofcourse.

Overall both have their respective advantages, and there is nothing wrong if we take the initiative to invest in both, it's just that the level of legality, profit, and risk is different. This world has many choices, we know which one is better and right to choose in relation to our living conditions.
Bitcoin is clearly superior in terms of its popularity, and its role is increasingly becoming more and more desirable due to its presence in the internet world and its sophisticated technology. Here people who are left behind will miss something new that is indeed superior to gold which is fairly ancient.

They are both assets with great value. If you think about the internet shuts down, you may fear that BTC will also fail but this is going to fail everything since banking today also depend on the Internet.

The Solar Flare fud was spread months ago but had died shortly after it but it was about the Internet going to shut down when it happens to which Bitcoin may also not going to work while Gold will also survive. So it must be good to have both just in case things happen or a war.

We can never be sure that gold would still be valuable in the next hundred of years of course. But since it has been around as a valuable asset for thousands of years, would it not be logical to assume that it would remain so for the next hundred years? Bitcoin is still only more than a decade old. It has not proven that it would remain the best of currencies despite all the massive changes that would occur in the history of humanity. Bitcoin is highly dependent on technology. Technology develops really fast. Things get obsolete faster in technology.

I have no problem with gold and if we let it alone it would continue to be an important precious metal that will always be useful in many ways. However, when we take a look at it as an investment in comparison to holding Bitcoin, we can see that it got some disadvantages and the most glaring is that not all can easily buy or get into it just like Bitcoin...because with Bitcoin you can buy one even with just $1. Now, of course, you can't wear Bitcoin unlike with gold that you can mold into jewelries as a show of wealth.

In summary, am comparing gold to real letters (or postcards for that matter) which we used to send to post office in the past while Bitcoin is like the email that we are receiving right now...it is fast, cheap to send and though we can't touch it we can read it all day.

you are asking in Bitcoin community/forum so how can you expect the reaction might be? of course majority will favor Bitcoin against Gold.

but practicality Gold is the best way to keep safe our asset but the problem is the lower increase in value and that is even bring lowering price .

Yes Bitcoin is Best for me as i have tried holding gold and bitcoin .

Both arguments are wrong if you ask me because you are comparing apples and oranges. Bitcoin and gold are not in the same category to be compared like this.

Gold is a precious metal that is only used as an investment (even jewelries are kind of an investment) and other use cases such as usage in electronics, etc. are too small to matter. Also gold is an ancient "asset".
Bitcoin on the other hand is a currency and it is brand new. In comparison to gold it is an infant (1000+ years versus 12 years).

Wrong.
Bitcoin is a currency, whether some people choose to invest in bitcoin doesn't change its nature. I always use the example of countries with hyper inflation, if in Venezuela you invested USD to fight the inflation that doesn't turn USD into an asset, it still is a currency that you are investing in.

There is a contradiction in this statement of yours. If gold is "physical" then nobody can take it away from you without your knowledge. They have to take it by force.
In this sense they can also take your bitcoin by force, although it is harder.

Not quite right. You need a private key and nothing else. I don't know what you mean by "SSN" and "ID" or "other..." here but none of them are needed.

Insurance is done by using a third party, that doesn't matter what you are insuring as long as there is some company that does this. So it could work for both bitcoin and gold. It is a dumb thing but it is possible. They aren't doing it for bitcoin yet only because bitcoin isn't that big and its price is too volatile for the insurance companies to handle.

I think Bitcoin is better and safer than gold. Because Bitcoin will be safe and secret as long as it is in your wallet. On the other hand, it is not possible to keep gold secret. Anyone can own Bitcoin. So I prefer Bitcoin.

It's quite obvious for all comparison of gold and bitcoin is useless, it's a big waist.
Quite alright gold has been around for sometime now but one wouldn't get gold at the rate he's getting Bitcoin, nobody would even want to sell them gold as they sell bitcoin.
A whole lot to say about this Pal, but in a thousand times, I'll tell you comparison between this two although they both add value when a person gets one but Bitcoin is superior to all.

safer than gold ?  how can you say that? bitcoin is more riskier than gold because it is online while gold is physical and you can keep it holding.
bitcoin has no complete assurance while gold is can kept under our pillow.

but in terms of profiting ? then yes it is bitcoin that can bring us what we are seeking , bitcoin can even double our money in a matter of months .

I think bitcoin and gold are not debatable since both bitcoin and gold work in different ways but both bitcoin and gold is the asset in a different thing. You can sell bitcoin easily at the exchange or other but with gold, you need to have a certificate if you want to buy or sell a medium or big amount of gold and not all places can accept it.

Storing gold and bitcoin will be different too as if you have bitcoin, you do not need a specific place to store it. As long as you have a personal wallet that only you will know, you can save your bitcoin. While you need to have a safety box or other hidden place to save your gold and we can not tell other people about our gold.

For ordinary people, they will still choose gold over bitcoin because they feel convenient to use gold as their investment besides having land for their investment. But for bitcoin users, we choose bitcoin over gold, but some of us prefer to have bitcoin and gold at the same time.

It always depends on the context.

For you and for me, sure, better, "safer" but I wouldn't be too sure about security, knowing how everyone around me doesn't store passwords well, and even for myself, I didn't even guard one of my faucet accounts with 2FA to my detriment.

Gold's tough to steal. And if you're good, easier to conceal than Bitcoin.

I think bitcoin and gold can both be used as assets for the future, for those of you who like bitcoin investment, please invest in bitcoin but there are still many people who still believe in investing in gold to be used as a future investment. so it all depends on our beliefs whether we want to choose gold or bitcoin obviously both have a high selling price.

I agree with you, but the slight drawback is regarding its worldwide recognition. Gold has been recognized as a safe haven asset, because in times of global economic uncertainty and declining trust in the government and gold has been used for a long time.
But on the development side of the era, I still believe that bitcoin is currently growing. I think in the future more countries will recognize it. Because I believe in the ever-evolving technological civilization. So at some point in the future people will switch to bitcoin because of the change in civilization.

What I ment by "Anyone has the right to own Bitcoin", is that credentials are not needed. I mean that the idea of Bitcoin is that anyone can make a wallet, no matter who it is.

Bitcoin is still an asset, USD is an asset. Just because it is a currency does not mean its not an asset. Even then, Bitcoin is used as an investment by many, and seen as an asset, even people who are into crypto call in an asset alongside a currency.

The most common dangerous risk difference between bitcoin and gold, even to the point of causing death.
I mean that having gold must be prepared to face the risk of losing gold which can happen at any time, for example due to robbery or mugging that often occurs and will cause injury and even death to those who have it because criminals will take it by force or violence.
and the risk of losing bitcoins is not as cruel as the risk of danger of owning gold, and usually only losses without causing injury or death and also intangible so it is very safe and comfortable.

The advantages and disadvantages of both are often discussed and the answer will be the same as the previous one, so I comment on the dangerous risks that will occur in reality.

actually you point, people who choose gold are those investors who want a secured investment, and those people who believe and relies in bitcoin are those investors who want to hide their identity and of course to have freedom when it comes investment .. As simple as that! , indeed that's why governments are very against to crypto currency because of that reason wherein crypto is untraceable as well. For sure these arguments will not end even in the next generation,  so just let them choose which option they're comfortable.. Lol

I think Bitcoin is safer than Gold. As long as we store the private keys of our Bitcoin wallets properly, our Bitcoins will be more secure from hackers.
Gold can be insured but using a third party who can steal the gold that we have.
If we judge from the profit that we will get then we will benefit more from bitcoin than gold. The price of bitcoin at the beginning of 2013 at that time the price of bitcoin was around $ 120 and if we hold it until now then we will get very much profit.
I think bitcoin is such a perfect cryptocurrency that its price is very high and its popularity is unmatched.

well on the basis of transparency and legality, gold is practically  unmatched when it comes to accessibility to people of all economic standing and technological knowledge, And most importantly being the ultimate currency of most of the  governments , all these might show gold to have upper hand on BTC

BUT if we see as an asset  bitcoins is considered to be more than 100 times of golds store of value , now if we consider the growth of gold it grew for the max of 83% starting from 2016 and if we see for BTC from 2006 its on an astonishing high growth of 8,440%, this clearly show the value difference in both the assets.
its also speculated that Maybe, Bitcoin's market cap could surpass gold's market cap by 2030.

You can still keep gold as a secret.

You don't have to tell everybody about what you own and you can keep your assets secretly. But many will agree that bitcoin is better because we're focused into holding it.

There's more potential profit that we can get from owning it.

Agree, your assets wont be known if you do just decide on not to expose it publicly or wont to tell somebody on what you do own which i could say a typical thing to be done rather than to be boastful about your assets.

You arent really just making yourself to be on surveillanced but also you are putting yourself at risk when it comes to your life which is really a dumb decision for you to make.
I dont really see the point on trying to differentiate between Gold and Bitcoin.They do have different purpose but having ending up on the same goal which is to make
profits but somehow there are noticeable differences which people do really prefer.

Why do people have to compare bitcoin with gold? You can invest in whatever you want and feel comfortable. Gold is gold, bitcoin is bitcoin. Those are two different things. You can't do things with gold that you can do with bitcoin. Similarly, you can't do things with bitcoin that you can do with gold. Bitcoin is a currency and gold isn't. Bitcoin was made so we could do transaction without involving third party financial organization. It was made so that only we control our own finances. On other hand, gold is a rare natural resource that can be used as a store of value. A better comparison would be bitcoin vs fiat (and we have seen a lot and know who clearly is the winner).

One thing we must come to realise is that, the law of demand and supply applies in every field of business. This is where bitcoin is of advantage to gold becuase, its got a limited supply which adds to it the idea of a scarce commodity yet to actualize in time but gold is not like that. Yeah, a mine might run dry and leads miners to seeking a new mine and all that but, there is every chance that, the value attached to scarcity would take more time to  actualize in gold than bitcoin. So, bitcoin have got an edge to value more than gold would ever have.

I wouldn't compare both because Gold is physical and bitcoin is digital.

Gold will still have its value even if the civilization falls and so does the network on which bitcoin runs but that's a hypothetical situation but explains the point I'm trying to present.

Another thing that Bitcoin has over Gold is transaction speed and no physical involvement while making the transaction, everything is digital.

There's a lot of Transaction fees for gold if you Buy it from overseas but that's not the case with bitcoin.

Please, good luck with that. There is no chance in hell that my government is going to take anything from me. Amazes me that in the United States at one point in time our government had a gold recall. If they tried to do anything like that today they’d not stand a chance.

Many people are afraid of investing in Bitcoin because they feel insecure, whereas people who lose Bitcoin are mostly their own fault. Because if
we store Bitcoin in the right way, Bitcoin should be one of the most secure assets. I always store Bitcoins in hardware wallets, because that's
the safest way, so that our Bitcoins are not easily stolen by hackers. As long as we take good care of our private keys, there's nothing to worry about.
Meanwhile, if we have Gold, it is more difficult to store it, because if we store it at home, we must provide a safe box which may be quite expensive.
Or we store it in a third party which does not guarantee it is safe,  because there have been several incidents where Gold is stolen when it is stored
in a third party. Moreover, if we see the price of Bitcoin, which performs better than Gold, I am increasingly convinced to focus on investing in Bitcoin.

Both should not be compared because they're different. Gold has a physical form while bitcoin has not, though no doubt these two are a good investment. Well, I like gold, its been years when I started accumulating because I believe its a good investment and can be useful in the future.

But I prefer bitcoin when it comes to storing my assets, as long as I have the keys even it takes long period its safe and there's no need for hassle works like if you store your money on banks. Its a good investment as well and I admit its way profitable than gold.

Both are good don't compare them, Gold is a fairly safe investment because the price of gold is less volatile and has been recognized by the world for thousands of years. bitcoin is a digital asset, high volatility. Investing in bitcoin is clearly a better return than gold, but sometimes it also costs us money if invested in the wrong way. So, depending on the needs make the right choice for each person.

You are wrong. By definitions currencies are not considered assets (sometimes the term "monetary asset" is used but currencies are not categorized as asset class).
As I mentioned the way some people see bitcoin doesn't defined what it is. There are also people who see bitcoin as a "Ponzi scheme" but that doesn't make it so.

Of course, gold and bitcoin are not comparable. The only thing that unites them is the high cost. Otherwise, they are almost completely opposite.
To what has been said here, I can add that we should not rely entirely on new technologies, digital in particular. Now the climate is changing, scientists are warning of mass cataclysms, and any technology, including the Internet, may disappear. We do not know what will happen to cryptocurrency in 20-30 years, but descendants can find our gold in tens of thousands of years.
We are not the first civilization on this planet and the technologies of previous human civilizations sometimes surpassed ours. We find gold in all civilizations, but we have not heard anything about the use of cryptocurrency before.

If there weren't digital technologies such as the Internet, radio, etc., you likely wouldn't notice any climate changes or mass cataclysms because there wouldn't be any effective ways for scientists to spread their warnings. We wouldn't have the living standard we have today, humans would still be living in caves like animals. Or humanity would be already dead due to the lack of development of societies and technologies. We need new technologies, we need to develop new ways of dealing with old problems because that is how we survive and evolve. Even if we know for sure that the sun will burn out in five billion years, it doesn't mean we should stop building now. Today, the vast majority of people suffer from the disadvantages of the traditional monetary system, and people have to deal with it somehow by developing new digital money. Today, gold has failed as money but it doesn't mean it was useless previously or will be useless in the future.

Think of Gold as an Altcoin. We know Bitcoin has more value than Altcoins. Bitcoin and Altcoins work together to hedge against inflation. :)

Wrong. Liquid assets are still assets, by definition, they have value. Source: https://www.cryptovantage.com/guides/what-does-liquidity-mean-for-cryptocurrency/#:~:text=against%20other%20exchanges.-,Is%20Bitcoin%20Considered%20a%20Liquid%20Asset%3F,large%20buy%20and%20sell%20orders. (https://www.cryptovantage.com/guides/what-does-liquidity-mean-for-cryptocurrency/#:~:text=against%20other%20exchanges.-,Is%20Bitcoin%20Considered%20a%20Liquid%20Asset%3F,large%20buy%20and%20sell%20orders.)

Yes, there have been too many threads on here discussing the same topic. Ultimately, reaching the same conclusion, that while the two are not even close for a good comparison, BTC by far outweighs the benefits that gold once used to offer to investors and those looking to preserve their wealth.

It only requires a flexible mindset for an investor to be able to see that gold is falling short of the 'gold standard', and crypto is racing to take its place!!!

I actually think that both Bitcoin and gold can complement each other. Both of these things have advantages and disadvantages of each, now this is the real important point. Even though Bitcoin is volatile, it is so sophisticated armed with today's super-sophisticated technology, besides that Bitcoin is predicted to be an anti-inflation tool. Today many also know about Bitcoin but they are still hesitant to join.

And if you decide to own bitcoin secretly as it rises.

There's no need for you to tell it to the world that you own it personally. It's better to be safe and private because if someone you told it personally, he or she might have a bad plan for you.

Just to be safe around.

actually both have their respective advantages depending on who invests in it. for people who are not familiar with bitcoin or are afraid to invest in bitcoin, of course they will choose gold for investment. because gold has a more stable price and ordinary people believe more in gold because it has a physical form that can be made sense. different from crypto enthusiasts who prefer crypto for investment because they know the superior side of crypto investment that is not obtained by other investments.

And this is you should how able to recognize on where there are really pro's and con's between two things and also they do love to compare gold which is a natural mineral to bitcoin which is a bunch of codes
and serve out as a digital currency.

Of course there would be differences in value because on accessibility itself then its clear as day that people who do involved online will able to attain bitcoin in the most simplest and comfortable
way which they cant be done with gold.

But talking about long term aspects in terms of profits then both could give that but somehow it do differs on how much you could potentially earn.

Gold as altcoin?

Altcoins are digital computed currencies and Gold is physical in nature I don't know how you got to that terminology but it's wrong.
Bitcoin and Altcoin work together? again?

I don't understand your points, Do you mean Bitcoin and Altcoins should have shared MarketCap equally? if so then that's disastrous.

bitcoin has its own advantages where all control is in the hands of each and if you can manage it well it will be very profitable. some people think gold has a more stable price and for ordinary people, gold is a safer investment, we just need to wait for the gold price to rise but if we learn more bitcoin investment is no less safe than other investments if we are more careful. besides that bitcoin investment also gets a big profit if we can manage it well.

we can not blame those who invest in gold, because it has a physical and has been recognized by the state, and the risk is smaller. but we also can't blame bitcoin investors, because they have a different view, by looking at the future so that bitcoin becomes more profitable

Even though we have seen a great potential of bitcoin over gold, bitcoin cannot still replace gold because of government regulation, bitcoin will never be accepted as it is a decentralized system and there is no way for a centralized system to accept cryptocurrency, but still even though they wouldn't accept bitcoin we are still free to explore the crypto world and invest in bitcoin which really makes me already fine, don't care whether our country accepts bitcoin or not as long as I can explore it.

If compared in value, of course Bitcoin will be much larger than gold, its popularity is also increasing. In the future, it will probably grow even stronger. As for gold, it is not only considered as a legal asset but also used as a popular jewelry all over the world, most people love gold jewelry. Overall, both gold and Bitcoin offer their own merits and are well worth the investment.

The use is more functional of course Bitcoin but the stability and the assurance? does Bitcoin can stand in all kind of world scenario than what Gold can be?
Am sure it is Gold will dominate once there is another worldwar comes our way.
but I am for Bitcoin of course as i am keeping 80% of all my life asset inside bitcoin or i may say cryptocurrency because i also hold altcoins in my folio .
but comparison of Gold and Bitcoin exist since 2010 and yet what do we get as an answer?
there is a Bias point because this is Bitcoin community in which we are asking.

Talking this kind of issue in a one sided community really looks like bias to Gold because it is being discuss in a Bitcoin community which expected that none or few will stand for gold. It is not the first time we've encountered such kind of discussion comparing which one is valuable a bitcoin or gold but looking the value of bitcoin today we can actually say that bitcoin is more high value than gold. However, gold and bitcoin are two different types of asset in a different way gold being physical asset and bitcoin as a digital asset, stability also different but today as technology becomes more advance I do expect that bitcoin will become more useful in the near future.

It is quite funny how some people in the comment sectionthinks that government can find your private keys easily. First of all, I can decide to buy bitcoin and no single person on earth would know who I am, not to talk of them knowing that I really bought Bitcoin. I have been using peer to peer methods for years to buy bitcoin and maintaining my privacy without talking to anyone about it and no one knows, except I decide to tell them.

Not even the government or anyone would know that I am storing bitcoins, even if you see my address on the blockchain and the money that is being moved, you don’t know who is behind it, because when I will be selling I won’t make use of regulated exchanges, I would just sell it directly to someone through peer-to-peer, and you would only see my coins sent to a different address and still not know who I am. So sorry, it’s easy to maintain your privacy with bitcoin than gold.

Bitcoin and gold cannot be debated continuously, both have their own advantages. nowadays many people invest in bitcoin but those who invest in gold are also not less. personally, i choose to invest in both but is more dominant invest in bitcoin and other cryptos. At least if I don't make a profit I still have investments elsewhere. but so far fortunately I have profited from crypto investments although some have also failed. That's okay, everyone has their own choice of where to invest.

I agree about everything you have said. Actually, it is much wiser to invest in Bitcoin than in Gold I think. It is easier to store Bitcoin as well as it is more liquid and has a less spread (between the price of buying and selling) than Gold (if we are talking about physical gold that requires special conditions to be stored and is more difficult to be sold fastly).

This is some balanced answer to the general question I think. It really is a question of preference, believe, hope, insider knowledge, maybe even desperation or ignorance. Extremely strong positions for either one or the other always come across a bit narrow-minded. I think it really comes down to the very specific aspect/characteristic or use case you want to discuss. Even those specific aspects can often be discussed endless, like the government being able to confiscate my buried assets. Gold won't moulder in the ground and when I get out of jail I can retrieve it, a hardware wallet might suffer from failure over the course of a couple of years, but might be easier to hide and so on and so forth.

But still listening to maximalists can still be helpful to draw even better conclusions for yourself. As with anyone else, not everything they've got to say is wrong, and neither is it right all the time. Ultimately time will tell, but from a value appreciation standpoint, I think we probably all agree that the world won't be less digitized in the future and decentralized money or assets make a whole lot of sense, which at the same time doesn't mean that gold doesn't make sense. It depends, right? ;)

Gold had its history and longevity to vouch for its relevance and purchasing power. Not to mention the practical and commercial uses of gold in the production sector. Bitcoin may have only been in the market for 10+ years but its exponential growth each step of the way proved to rival that of gold's. It also offers the same if not better profitability as gold plus the fact that it promises future application in technology and economically as a direct substitute to fiat currency. I wouldn't say one is better than the other because at the end of the day they serve different purposes in serving the people. inflation is what sets apart these two. If people sees them as assets and stores of value then it is obvious that bitcoin will win over gold, with it being separate from the currency system of the world and it not being affected by outside circumstances that would normally affect fiat. However, rarely are things ever one-sided, and there are people who will take the practicality sector to test on whether these two go on par with each other, which I for one agree with. I just don't see the need for comparison because as you and I have said, they serve different purposes.

You already answered the question since you've mentioned that Gold is a physical thing that can be taken away from you while Bitcoin, in the neat future, it can also be taken away from you. How? You can't transfer money to local exchange if you'll not verify your account so in order to verify the account, you need identification so in that way you can withdraw your money. So I don't get your point since both assets can be manipulated or controlled at some point. Both are investments but why are we always comparing things if we can afford both? Everything has flaws and of course, even some things are risky, we are still going for it hoping to gain something.