Bitcoin Forum

The answer to a debate that is constantly discussed on social media accounts and news outlets may open doors to different answers for everyone. So, Why Bitcoin Instead of Gold for you?

If this topic has been discussed before, I would appreciate it if you could enlighten me.

Executive Order 6102 (https://en.wikipedia.org/wiki/Executive_Order_6102)

This can happen again. Much easier to hide 12 words than ingots, and you can easily cross borders to escape hostile countries without declaring anything, the State doesn't need to ever know.

Bitcoin instead because of gold because

1) Rate of growth is faster in case of bitcoin

2) Easier to carry bitcoin

3) Bitcoin can be easily exchanged for online services being purchased all over the world. Impossible with gold.

Since when I was born, I have not seen a raw Gold with my naked eyes. They made gold so precious that ordinarily people cannot feel the nature of gold but when bitcoin came, it made itself very simple and everyone can have access to it from small to big. And as it is now, the poor value bitcoin more than Gold because it is easy to access, and it increase in price more than Gold. As for me, I I choose bitcoin to Gold because I have not seen gold I'm my life except the already fabricated materials with gold and not the real gold but I have use bitcoin.

It's a matter of choice. If you are a lover of privacy and decentralization your choice will always be bitcoin. Gold can be tracked easily and highly regulated. If you are a risk taker that doesn't give a damn about volatility, Bitcoin will also be your first point of call. But if you like stability and less risk, you should go for gold. Bitcoin also has high liquidity than gold, you can always get buyers compared to gold. Bitcoin can be easily stored and hard to steal compared to gold. Unlike gold Bitcoin can be moved easily.

Bitcoin and gold has a value, same thing.
Bitcoin and gold are scarce, same thing.

But...

Bitcoin is decentralized, while gold is centralized.
Bitcoin offer privacy, while gold isn't as you need to KYC your account or you leave a trace when you transact in a gold store.
It's possible to carry Bitcoin that worth $1,000,000 while gold you must use a transportation since it's really heavy.
You can send Bitcoin faster and easier to someone else, while gold isn't.
And many mores...

there are several benefits in Bitcoin instead of gold.
Just think about divisibility. Ok you have one full kilo of Gold, how you can divide into three pieces!? Well you have expenses and so on
... Plus how to cash out just a portion? How ti send something abroad? Btc Is a clear evolution of this concept.

The topic was certainly discussed before, but perhaps the overall opinions change over time, so let's do this.
Gold is a physical thing, so you need to buy it somewhere and physically store it somewhere. If it's a bank, you might worry about a robbery or the centralization of storage. If it's in your flat, someone can notice/you can forget where you put it, there's also a robbery risk, etc. Also, if you need some cash, selling BTC for fiat can be done pretty fast and easily online, but selling gold is again a whole thing.
To me, these are the top concerns and why I choose Bitcoin over gold.

You will find a variety of answers to this question depending on who you ask.
People who lived in ancient times would probably choose gold because their brains were fully indoctrinated by saving money in gold.

Now the Revolution has happened since the presence of Bitcoin, people prefer Bitcoin over Gold because of all the conveniences offered by Bitcoin. With Bitcoin you can withdraw money at any time without having to use other parties, Bitcoin can also be used as a very profitable investment asset even though at certain times the price can drop, in general Bitcoin can offer greater profits than gold.

Maybe you did without knowing?. Ever seen CDR with gold top and green bottom? That's the original Taiyo Yuden formula, it is gold and cyanide. Also CPUs often use gold for the feet, especially the older ones like Pentium etc.

Granted, the amount of gold in the CDRs is minuscule and modern CPUs reduced the gold use for cost reasons. You can also enter a jewelry and see some rings, so at least you have seen the thing. It is a bit more interesting to hear the sound of a gold coin IRL. but yeah, gold had become fantasy currency. Sadly, there are people extracting a few grams by deforesting acres of rain forest jungle in South America in countries where the state is a socialist joke and gangs with corrupt military rules the place.

I find it seriously ironic that some people dare point at Bitcoin with the environmental FUD when the elephant in the room is right there stomping their noses. Where are their protest against the destruction of jungle that took thousands of years for nature to make? Did you know the north of Africa used to be a jungle just like the Amazon? It is now a desert. Why are those fools not protesting against those govs that allow this with impunity?

And yet Bitcoin has a limit, and its "extraction" rate is programmed to become rapidly more scarce without any chance of finding "new veins" and hurting new ecosystems. If you want to save the Earth, use Bitcoin and drop fiat or precious metals as a means of exchanging wealth.

Why "instead" and why not both?
In fact the best approach is to have your money split into different "assets" instead of just one, if that's the way you see bitcoin (as an asset). That is called diversification and since bitcoin is the most independent market and is not affected by other markets (it is affected by the economy as a whole though) it makes it an excellent "extra" option to have.

A lot of the jewelry that women wear is made of gold, so you may have seen them but haven't paid attention.

That is what I said, I have seen the material things use by gold but I have not seen the raw material of Gold. And in that case I can't just choose Gold like that. And gold is not easy to assess like bitcoin that one can use $1 to have it through p2p. The way the businessmen make gold to be over high that the poor man can not have access to it raw material is very bad. Though the process of acquiring it from the ground is hard. But bitcoin mining is also hard yet bitcoin is free for everyone to have and use.

There are many reasons why today's young generation chooses bitcoin over gold, but one of the things people care about the most is bitcoin's profitability outperforming gold, and I am one of them. I'm sure people will tell you that they choose bitcoin because bitcoin's proprietary decentralization gives them privacy, financial freedom, and avoidance of government control...lots of benefits that gold can never bring us. But all those features will never be attractive enough if bitcoin is not profitable. So to answer your question, why do I choose bitcoin over gold? It is for profit.

Bitcoin because with BTC all a person need is just the seed or the private key to carry his entire money and BTC is the safest and the most valuable crypto.
Although Gold is also valuable and trade Gold, we can only have digital gold which literally just has no value unless we get physical gold. However, the person holding bags of bars will have problems carrying them without getting attention. It's still easier to have BTC, it's all back together.

The majority of the users here will prefer BTC of course since they have been in crypto for years.

I can only transport 1 kg of gold and I have to pay taxes to transport it to every destination while I can carry a million dollars worth of Bitcoin without the custom knowing that I am carrying it, people are attracted to showing off their gold while on Bitcoin you have to keep the seed phrase to a place no one except you can discover.
Easy to move,  deflationary and you can use it everywhere, on gold you have to convert it and you have to always declare it.

Some people prepare both but I personally prefer Bitcoin instead of gold because of the following reasons.

1. Reality: People do sell fake gold while it can not be possible to sell a fake bitcoin because there is nothing like a fake Bitcoin.

2. Decentralization: Bitcoin is decentralized and cannot be controlled by single entity like government and others, and the price cannot also be controlled, unlike Gold that government is under its control.

3. Accessibility: Bitcoin can be easily accessible anywhere you are with just your private key, while it is not the same as Gold.

Furthermore, unlike gold, if you have Bitcoin and travel without concern, if you have it with you, you must be extremely cautious because it can be stolen if people see you with it.

in the way of storage. Which is easier to store, jewelry, rings, chains or gold bars or a laptop with a password?
Secondly, gold can save your money but not increase (maybe a little), unlike bitcoin, which can give huge profits

What some people agree on is that this is part of the revolution for a more modern year and bitcoin is more practical than gold.

Maybe some people think gold is a safe asset but there is a physical form that is difficult to carry anywhere, not easy to use unless it is only a long-term asset storage.

Bitcoin is more practical can send anywhere with P2P features you can be more private the increase can be faster in 5 years and above, many people realize bitcoin is better than gold even though bitcoin has volatility.

Bitcoin is primarily valuable because it has a limited supply. What can be said of such a comparison with gold? We do not know how limited the resources of gold are; it is mined annually, but it is difficult to say how much of it is still there.
Along with a limited supply, bitcoin is valuable for its ease of transfer. Again, is it possible to transfer gold from one end of the earth to another so quickly? Without even delving into other considerations, based on these two advantages, Bitcoin is superior to gold, and it is quite true that Bitcoin is called digital gold.

Because Bitcoin is more different from Gold and in terms of profit potential, Bitcoin can be profitable faster on a larger scale than Gold, which tends to have little profit. Bitcoin is chosen by many people who know it well enough for the reason that it is in very limited supply so there is an expectation of having a greater potential for a price increase when there are lots of people who own it and hold it for a long time.

While Gold is not like that because Gold is still very much in this world even though those who have it are also not small. But when the gold content is still in the ground and can still be mined by residents in every country, then the price of gold will not increase as sharply as ever happened to Bitcoin. So it's certainly very different and I think you've also picked up on that with some insight from other writers on the internet.

Gold is very hard to store safely and hard to move if you have bunch of holding since we are talking about physical weight here to determine hold value. Owning millions of dollars worth of Bitcoin here will require you a vault to safely stored it while Bitcoin only need below 100$ hardware wallet to store it safely.

Other main advantage of Bitcoin to Gold is you can liquidate it quicker without going outside your house and the price of Bitcoin outperforms gold even with just more than a decade of existence.

Because BTC is profitable than gold, that is the reason why Many people prefer to invest in BTC instead of gold. I think you witnessed what happened during the pandemic that took over some months to reduced many countries economy and also made gold price to reduced through out the period but BTC price was pumping through out the pandemic that made many people to believed that BTC is more reliable than gold. If you have not try BTC investment, I will encourage you to take a good step in this period to buy BTC and hold for long so that you will see the reality of BTC by yourself, and you will make a good choice of BTC instead of gold.

Maybe you can find this threads helpful and you can get your answers there,

•  Bitcoin VS. GOLD (https://bitcointalk.org/index.php?topic=2272001.0)
•  Bitcoin vs Gold: The Age Old Debate (https://bitcointalk.org/index.php?topic=953939.0)
•  BTC or Gold Investment? (https://bitcointalk.org/index.php?topic=5407203.0)
•  [UPDATED] Bitcoin vs Gold vs The US Stock Market(US500) (https://bitcointalk.org/index.php?topic=5279522)
•  Bitcoin vs. Gold, Fiat and Altcoins (Updated: Traits of Money) (https://bitcointalk.org/index.php?topic=5084692)
•  So Bitcoin is better than Gold? (https://bitcointalk.org/index.php?topic=1923060.0)

https://www.talkimg.com/images/2023/08/19/MMVHd.png

Ah, you are concerned about the purity of what they sell as "gold".
In that case you may find some "official" options that should exist in every country. For example the Central Bank here issues gold coins of different weights and other stuff like that which are guaranteed to have the purity that it states and they are pretty standard in terms of price and exchangeability.

1. Bitcoin's value increases at a faster rate than any other asset.  Gold is a precious metal but the price of gold also does not rise as fast as Bitcoin.

1. On the other hand if you have lots of gold then you have to go through a lot of trouble to sell them.  But if you have a lot of bitcoins you can exchange them very quickly and instantly.

3. You will definitely need a license to hold lots of gold, but you won't need any license to hold billions of dollars with Bitcoin.

4. Bitcoin is a digital asset that is very useful for this digital world of ours and its future is very bright

5. Gold is a physical and hard asset which is very difficult to store safely but Bitcoin is very easy to store only through a secure wallet.

There are many important points for which it is very important to be interested in bitcoin instead of gold

Yeah it has been discussed, a lot of times.

There is nothing wrong in choosing one over the other, it is up to the person who's buying, both gold and BTC have their pros and cons and choosing one over the other depends on what you want. If you want an asset that is less volatile and is a store of value, gold is the better option, if you want a censorship resistant and permissionless currency that is also volatile and can generate more revenue for you, BTC should be your choice.

Buying the two assets is also great, they are not intrinsic to each other, so it is a good form of diversification for persons who want to diversify their funds, if you are unsure of which one to buy, diversifying into the both of them is the most reasonable choice in my honest opinion.

Let's turn the question around, why don't we use both at the same time? Don't gold and bitcoin both have the power to maintain value. Of course, many people have different views on this matter, but if people who have known bitcoin for a long time, the answer may be almost the same and why people prefer bitcoin because they are able to maintain the value of the investment they place. Speaking of accuracy, some people who like risk will definitely choose bitcoin, but when faced with people who don't want to be involved in risk they will choose gold.

Gold is slow in terms of returns and tends to be stable in price, whereas bitcoin with its volatility can make quick returns on investment. Another strength of bitcoin is that it has a four-year cycle, where almost many people know that every time it happens, bitcoin will make a new price jump or what is called ATH.

Too many reasons, gold can be counterfeited while bitcoin cannot, gold can be easily confiscated by the government while bitcoin can be hidden way more easily as you only need to hide a piece of paper, bitcoin can be moved all over the world with ease while gold cannot, there are many historical precedents of governments confiscating gold and this will happen again, bitcoin is decentralized while gold is not, bitcoin can be used online to purchase whatever you what around the world while gold cannot, and those are just the reasons that came to my mind and surely there are even more that I do not remember right now.

Bitcoin has a higher market price volatility thus it can generate bigger profit. But question is, would such asset suit you as an investor? Not because something is profitble, you'd engage into it already. There are consequences on every choice we would make. Choosing eitherway would be a good move as long as you know the risks involved. You may also choose both of it as an asset to be held for a long period of time. But if you have your own preference with an asset's characteristics, then for sure you'd be draggged to one. It is either high profit high risk  or low risk but consistent profit over years. This is something we all know for a long period of time.

This topic do discussed here so many times but still we should continie your query here instead of mentioned old links. The point is, some prefer Gold while some prefer BTC. Reasons of this difference are here:

. BTC has limited supply while Gold has not limited supply.
. If we have some funds in BTC we can take it anywhere in the world without giving clarification to some authorities but if we are traveling with Gold we have to answer the queries of authorities .
. Gold provide risk of fakeness while there is nothing like fakeness in the BTC. If you are buying BTC then it would be the real one but if you are buying gold then the chances are high that you might be scammed if you are newbie in buying gold and second they could sell you the gold with less karat rate while more karat rate has more value.

The point is, we have more features like security, best outcomes, reliability, and longevity on BTC instead in Gold. So, if I can buy Gold but I prefer not to because of aforementioned points.

Honestly, I never found myself in a position where I am attracted to the Gold and thought about accumulating it in a private safe so that one day I can sell it for profit. It is such a hard process to follow if I am going to imagine it. I mean first I will have to maintain proper documentation of the Gold that I am holding in my house OR locker.

It means I am already exposing my privacy about my monetary holdings. Secondly, I would be always concerned about the safety of my Gold since it's just one wall away from getting robbed when I am dead drunk and sleeping in my bed with no consciousness. Imagine what would be my mental health when I am traveling somewhere far and there is always a thought that is bugging me, I am having Gold bars at my house or in my bank and I have no idea if it is safe or not. Apart from this, I will always have to follow the rules whenever I am going to sell the gold and get my money back. The challenges are unreal here.

It's better to checkout Bitcoin, easy buy easy sell, paperless, timefree!

My Reasons are;

Bitcoin is the future.
Bitcoin has the same feature that makes gold valuable, which is that it is limited in supply, but it does not share some of the disadvantages of gold which is how difficult it is to keep completely safe on your own.
With Bitcoins, I can maintain and keep control of my investments.

Those are some of my reasons, Other people will have more, but those reasons are what makes me more focused on getting bitcoins.

Personally, what I like to know is that Bitcoin is scarce and it's definitely an asset that you can profit with just holding because of the prices. The things that I like with BTC are the following.

• Having knowledge about its limits (21M BTC)
• It can be traded easily

I think it's pretty basic what to pick if you understand the benefits of it and why it's one of the best things that you can have.

You know you can always buy both. It doesn’t have to be one or the other. Gold needs physical space unless you hold them in a bank which kills the purpose of owning gold. Bitcoin takes no space. You can even memorize your seed words suddenly your brain hold unlimited wealth. That’s the biggest advantage of bitcoin over gold.

However gold has an advantage too. It is the history. Gold has an history of multiple millenniums. It was a valuable thing even before the Christ and that’s a very important feature which bitcoin lacks.

So, I think we should definitely own both.

I mean, why not BOTH? Why do we always have to compare things when they both have their own perks? One is different from another but they do the same thing. You can store value in both things. You can use them as investment assets too. One is virtual and one is physical. Based on your preference, you can choose either one. But while you have the choice to choose both, why choose only one?

For me, Gold is less risky for investment if you compare it to Bitcoin's volatile market. But that doesn't make Bitcoin bad or anything. There's a question about Gold's security because it is a physical asset. This is not only with Gold. Security issues are also a thing with Bitcoin. The way you keep your assets will determine if it is in a safe situation on not.

Keeping those aside, maybe one is better than the other. But as long as both are giving you profits, why not use both?

The fact that bitcoin has a limited supply and that it is impossible to create more bitcoins makes it a better investment than gold. Looking at the data of Bitcoin price vs gold in the last decade, it shows that Bitcoin growth is so rapid and has done so much better than gold. The older folks may be more interested in gold because it has been around for thousands of years and is physical, the younger generation understand that digital assets are just as valuable as physical assets. Bitcoin and gold are similar in some ways, both are volatile assets and also good options to hedge against inflation.

Bitcoin or Gold ( or silver) argument comparison is STUPID. My apple is better than your oranges!

The correct answer is a balance of both among other things including cash in your portfolio.

All hell breaks loose and you need some gas. I can trade a few silver coins (or cash) for some gas. But I can't even buy gas now with bitcoin. Banking collapse what off ramp are you going to use to get to fiat?

Completely different instruments for different things. F'n noobs

We want to invest with big and fast returns, right? Bitcoin! in over a decade can grow significantly because the limited supply makes them believe in Bitcoin rather than gold even though it has a stable value.

Gold prices tend to stabilize very small increases every year, gold mining will continue to produce gold bars, gold has been trusted for centuries people must have more confidence in gold to maintain value than other assets.

Those of us who tend to be in bitcoin will choose this coin, there is no physical but useful in any case including from sending to various countries with ease and privacy.

Bitcoin is 100% a better investment than gold for many reasons. Bitcoin offers greater potential for growth as its decentralised nature and limited supply create scarcity and increased demand. Bitcoin's portability and ease of transfer make it more accessible and convenient compared to physical gold. Bitcoin's transparency and traceability provide a higher level of security and trust for investors. The rapid evolution of digital technologies and increasing adoption of cryptocurrencies suggest a promising future for Bitcoin as a global digital asset. In my opinion Bitcoin is a far superior investment option.

If you want to compare maybe I don't think we need to compare because it's better of course to choose to have both than just one between Bitcoin and Gold, right? It seems to me that Gold and Bitcoin both have a hedge against economic issues like inflation.
But if we talk about Bitcoin better than Gold, I think it's because we know that Bitcoin is easier and more flexible because it's easy to move, easy to store, hard to counterfeit, transaction fees tend to be low and we don't need a third party or government intervention for our ownership status.
Even though the volatility of Gold tends to be stable than Bitcoin and Gold has an unquestionable reputation because it has been proven and tested for several centuries but in my opinion Bitcoin offers more ease of access than Gold.

Check this out

Over the years I have posted all kinds of thing for sale in the Bay Area for bitcoin. Not one sale. Change to dollars it's gone.

I challenge anyone to buy a used mower or anything off a neighbor, somebody you don't know already. I challenge you to buy groceries or a tank of gas directly with bitcoin... I can with gold or silver.

Comparing investments a to b is dumb. Your portfolio should be a symbiotic blend...

Go check out Ray Dalio and then his all weather fund.

Y'all gonna loose your ass's with a one legged investment scheme. There isn't one example of it in the wild

Like you rightly put it, this topic has been discussed numerous times here on the forum unfortunately :)
Bitcoin VS. GOLD >>https://bitcointalk.org/index.php?topic=2272001.0

BTC or Gold Investment? >>>https://bitcointalk.org/index.php?topic=5407203.0

So Bitcoin is better than Gold?  >>>https://bitcointalk.org/index.php?topic=1923060.0

Bitcoin or Gold? What would you pick? >>>https://bitcointalk.org/index.php?topic=585828.0

And the list goes on...

Exactly. With gold you have to hide it and hope that nobody finds out and confiscates or steals it from you. And even if everything goes to plan, there are still other risks, like losing your gold. A physical and thus centralized store of value spells nothing but trouble. And for those people who claim gold price is more stable than BTC: what happens when a country discovers gigantic gold deposits? What happens when gold dependant tech is replaced by another new material?

For me, I chose Bitcoin because of its portability.  It can be easily transferred and does not need a third-party institution for Bitcoin transactions.  Even though gold has been circulating for too long, the age of technology isn't stuck with ancient technology.  So as technology changes, there is a compatible technology that will make access, transaction, buying, and selling more convenient for traders and investors.

I think the reason why I chose Bitcoin is because it's easily accessible to me. The process in creating a Bitcoin wallet and funding it is very easy, there isn't much protocols involved in it. And another reason would be that I'm a tech enthusiast, I'm always into new stuffs that seem to be very interesting. I discovered Bitcoin myself, and since then I would say that it has been one of the best things I did for myself so far.

Very few prefer bitcoin for the mentioned reason. Majority of us were upon the profitability. Just think of the growth bitcoin have achieved through the years. In reality most of the users who were part of bitcoin doesn't know the technology or the goodness behind it, just focusing on the profit they have made their entry into bitcoin. Even now the people who had made good profit out of gold investment never switch to bitcoin or something else considering the risks.

Bitcoin's total supply is known, but you don't know the amount of Gold that would ever exist or be mined. It cost a lot of money to transport gold from one place to another (country to country), Bitcoin serves as a medium of exchange (buying and selling ). Bitcoin is divisible into fractions,  meaning you can own any amount of Bitcoin. Gold is controlled by the government (central authority ), Bitcoin is decentralized.

We know that gold is an ancient resource and has been very popular among the world for years and the price of gold is always at a high level. We have seen that some countries use their natural resources to meet their economic deficit and this gold is a natural resource. Gold is an asset that people invest in and get good profits from it Gold prices go up and down again Gold is used by everyone in the world. But nowadays people are developing virtual currencies more and they are interested in investing in this virtual currency Bitcoin rather than planning to invest in natural resources. If we look closely at the future and past history of this Bitcoin, we will see that at one time the value of Bitcoin exceeded the value of gold. And seeing this position Bitcoin is trusted by everyone and everyone chooses Bitcoin for investment, the future of Bitcoin is bright due to which people invest more in Bitcoin than gold. Although currently the price of gold is higher than the price of bitcoin, we can expect that in the future the price of bitcoin will surpass the price of gold and bitcoin will once again reach its all-time high.

As far as supply though, if I'm not mistaken, bitcoin has surpassed gold already in terms of supply and it becoming more scarce. And then bitcoin used by government as reserved could be one positive for gold.

However, we can also used bitcoin as store of value, it is just volatile, but in terms of price, you can make money out of it, more profits as compare to gold.

And then bitcoin is borderless, you can go and travel with just your bitcoin around the world and no body will know it.

You have a point there. When talking or in discussions between gold and bitcoin, people will always compare their features and say that they will choose bitcoin because of its superior features. But in the end, they choose bitcoin because of the profit it brings, very few people will select bitcoin because of its features. If bitcoin suddenly becomes as stable as gold, I bet they will turn around saying good things about gold and start looking for the downsides of bitcoin. That's what's happening, but very few people want to discuss it. I also chose bitcoin over gold and my reason is that bitcoin returns better than gold, no second reason.

Bitcoin is extremely more scarse than gold, it's also way easier to store since you just need to remember your seed, and it's also way more difficult to seize. Those are just some basic facts, I can also say that bitcoin can actually be used to pay for services and products while with gold it would be way more complicate. These are just the first things that came to mind, for sure there are more.

If you can hold both, the better. There is no need for debating, but one of the reasons why people choose Bitcoin instead of gold is that they know. I mean, you are truly anonymous, and you can bring it anywhere you go, unlike having gold bars that you can't bring because they are too heavy. Also, one of the reasons is that the volatility of Bitcoin is unlike gold, which had a stable upward price, whereas Bitcoin will jump high as fast as overnight and also go down abruptly, which is what risk-taking people really want.

Yes, holding both seems to be the fair thing. The anonymity is a great feature that gives the secure feeling. Not many prefer this, most of them choose bitcoin over gold for its accessibility. However the anonymity feature is much used by people who are into gambling and related stuffs. Apart from this, to overcome cross border transaction the anonymity feature helps and that are used by very small percentage of people. These days even the anonymity is shattered with the requirement of KYC from gambling and exchange platforms. The ultimate for which bitcoin preferred is the growth on the investment.

Bitcoin and gold are indeed both excellent investment assets or stores of value. But don't be left behind, these two assets also definitely have what is called a deficiency. As with gold, in terms of gold supply, it is very abundant. In contrast to bitcoin which only has a supply of 21 million. It is clear from the supply side, less bitcoin and more gold supply. But even so, gold has the most stable price than bitcoin. Because you can see and feel that the price of gold has always been stable and not much different, especially when viewed from the price point of view. But while bitcoin has an unstable price, for example from a price of 60 thousand dollars in 2021, it can drop to a price of less than 20 thousand dollars. That way it can be seen, that in terms of price, gold is indeed more stable than the price of bitcoin.

Continue the next comparison, in terms of potential. From a potential perspective, these two assets actually have very good potential for the future. Because we certainly already know, bitcoin users are currently increasing, and there are even countries that have legalized bitcoin as currency, which is legal for transactions, such as in El Salvador. Interestingly, all bitcoin investors probably all agree that the price will continue to rise.
But gold is no less competitive in terms of potential, because it cannot be denied that gold appeared earlier than bitcoin. Means it is certain and clear, that gold is more popular than bitcoin. Besides that, gold also has many uses, so you can say that this gold is an asset that has many uses. So if you look at all the arguments I'm making, gold and bitcoin are both very valuable assets.

And to answer your question, why bitcoin instead of gold. To be honest I really like both of these assets, but for now I'm only investing in bitcoins. Why? That's because the cost or capital used to invest in bitcoin tends to be cheaper than investing in gold, which as far as I know has a higher minimum purchase. Maybe that's the reason, why I chose to invest in bitcoin.

I disagree with you saying that bitcoin's anonymity feature is being used mainly by gambling enthusiasts.  there are many ordinary users who are fed up with government control and are also using bitcoin to get rid of that control.
But I agree with you that most people choose bitcoin because of its strong growth rate and not because it is decentralized or gives them privacy.  that's why we see that the number of investors using centralized exchanges remains high even though centralized exchanges are disrupting bitcoin's decentralization.

I think you have got the answers from friends above and that is the choice of investors to invest. Gold and Bitcoin 'Digital Gold'. Both have their own attractive charm, of course. But, everyone wants to be simple and easy, don't want to bother anymore, meaning that what they invest is widely accepted and has practical value.

I myself think that gold will always be used by people for investment, while Bitcoin is for trading and speculation as well as investment. 3:1 for me. Now, the question now is if OP has enough funds, which one did OP buy first?

indeed the debate about gold and bitcoin to this day seems unfinished, because indeed bitcoin certainly has advantages including the limited amount of supply of bitcoin supply because there are only 21000000 bitcoins while for gold of course the supply can be called unlimited because people keep mining every day gold, whereas for bitcoin, of course, the supply is limited, it will have the potential to increase in price in the future. but the weakness of btc is that it has a fluctuating nature and has the potential to decrease in price but if our invest in gold, of course the risk is not too high, but in terms of profit, in my opinion, investing in btc is greater than in gold. but of course gold also has the potential to rise in the future but in my opinion gold would be suitable as a store of value.

Bitcoin instead of gold because
- Bitcoin reaching too much
- Bitcoin value is huge
- it is secure
-it is easy to hold
-it very easy to buy and sell
-The risk of theft is low
- Billions of dollars can be stored without telling anyone
- Its transactions can be done completely anonymously
- Chances of return from this are several times higher than Gold
There are thousands of reasons why bitcoin is better than gold and investing in bitcoins instead of gold is smart idea and more profitable.

Gambling is among the most used industry. Just think of a scenario in which an ordinary person use bitcoin. He needs to buy from an exchange where he have fulfilled KYC and from there he could use some mixing service and make himself anonymous. Apart from that he should buy bitcoin in person paying fiat in cash and receiving bitcoin in a non custodial wallet. These days anonymity is not much effective as regulated usage is encouraged.

Both are good and both increase in value over time but unlike bitcoin is a highly liquid asset. Unlike gold crypto transactions are not subject to government regulation making it more flexible bitcoin also has high earning potential, as its value can increase rapidly. However this volatility makes it a risky investment as it can quickly rise in value if demand is high. Bitcoin's advantage is that bitcoin has provided significantly higher returns than other assets in recent years. While fiat currencies and very liquid assets can be difficult to measure digital assets like bitcoin are preferred by investors due to their modern market position.

Bitcoin is easily transferrable, more volatile, and simply safer than Gold. That's enough for me.

gold and bitcoin are valuable assets, and to be honest I invest in gold and bitcoin, what I know investing in gold is that the profit is not too big but the risk is small.

whereas if investing in btc the profits are big and the risks are also big, and investing in btc will be right if you use idle money, because the risks are big.

To be honest, I invest in BTC because I want to get big profits and I always speculate that BTC in the future will be even higher.

Well for me, there's literally a lot of factors to consider Bitcoin than gold but doesn't mean gold is not a good alternative investment. Because most people know that gold are valuable right? So once they saw gold they would think of stealing it or some might thought you stole it something like that. Plus it's hassle to think of the government might took it from you since they would just simply said it's mined from your country. Because there's a case here in my country that they took it to the owner by just simply giving them a money less than the value of the gold.

Bitcoin's is much convenient, not only that is decentralized but its easier to have any transactions plus you could do it anonymously without revealing your identity. You could have exchanges internationally without even thinking of the hassle. It's volatility gives the users more advantages as long as they have the knowledge to use it. Gold actually run for a long time and also helped a lot of people so it's still a good investment where I'd invest as an alternative not only Bitcoin. Cause physical and digital investment is better to invest on both.

Complete decentralization throughout the process of acquiring-transacting may not be possible. But itself, bitcoin is decentralized and censorship-resistant. Going to that length to anonymize yourself seem to some extent paranoia to me, but I do agree that in some countries and legal systems this might become necessary.

Gamblers are few of the major users of bitcoin and thus they will continue to buy bitcoin even in times of market ups and down you can count on them to keep the markets active all throughout the year.  8)

The topic has been discussed many times but it doesn't matter because it'll still come up again in the future when new users feel they want to understand better why they should choose Bitcoin over Gold. Gold is a good investment but since it's physical it can't be easier transported as it'll take up space and unlike bitcoin that it's digital and can be carried around without anybody knowing that you're moving billions in your flashdrive or personal wallet.

From history, in the last 10 years Gold hasn't been very profitable to hold but Bitcoin has been giving investors big profits and that's because bitcoin is what is trending and also has the potential to overtake Gold and other investment as the better investment to invest into.

Gold? This shiny metal people have sought for millennia? Happened previously. Your claim that gold causes many issues is correct. Theft and government seizure are issues with tangible items.

Bitcoin is the future. A transformation, not simply convenience! Governments and groups seeking too much authority should decentralise. People today would be stupid to keep a lump of gold without getting caught. Bitcoin frees people from government rules.

Your perception that gold will always be valuable is outdated. It's true that diversity is crucial, but relying on gold to secure your future is outdated. Update or you'll fall behind.

If there is such an opportunity, then why not take advantage of it. It is not necessary to choose just one thing for investment, you can buy both gold and bitcoin, as a result, each of these investments will bring profit, and we will be able to see what brought us more income. It is important to understand here that it is important to invest only in what you are well versed in, even on an altcoin you can make good money if you study it thoroughly and see the opportunities in it.

It is true that gold is safer than bitcoin because it has been around for thousands of years and is universally accepted. Meanwhile, bitcoin is still nascent and its adoption is not as global as gold, but it would be inaccurate to say that investing in it is a big risk. There's nothing wrong with saying this years ago, but given what's going on it's no longer true. Bitcoin has also become much safer and the only risk is extreme volatility in the short term.

You told the truth, since most people invest in bitcoin for profit, very few people care about other features. But many people don't want to admit that fact like you do.

Fun fact: Did you know that Satoshi, gave his birthday as April 5th which coincides with the day in 1933, that American President,  Franklin D. Roosevelt signed Executive Order 6102?  For people resident in the US and intending to move to the US, the Executive Order 6102, may be one of the reasons for Bitcoin over gold. For non US residents, Bitcoin over gold represents monetary, government, financial, economic, and personal Freedom. However, it should be noted that this freedom that Bitcoin offers over gold is only possible of you do not store your Bitcoin in exchanges. Because as you know right well, if it is not your keys, it is not your coins.

*https://www.coindesk.com/markets/2014/11/08/the-search-for-satoshi/

I think there is no need to debate between Bitcoin or gold because it is each person's choice. But for me, I prefer Bitcoin over Gold as the main investment because I can buy Bitcoin with a small amount of money, while to buy Gold, I have to prepare a certain amount of money before I can buy it.

Fluctuating Bitcoin prices allow me to collect more Bitcoins especially when the price is dropping like it is now. But people who don't know Bitcoin will still choose Gold because that's what their parents taught them. And only people who are willing to embrace change and see that it can give them greater opportunities will want to use Bitcoin.

It would be better if we chose both Bitcoin and Gold together so that we have an increase in the amount of monetary value we will receive in the future. But we also have to adjust our funds so that we don't have difficulty investing.

As always this depends on the kind of investor you want to be and what kind of risk you want to up your investment strategy to. Bitcoin is similar to gold, it has become an alternate investment for some investors. It has the potential for many uses and can be a worthwhile investment if used in the right way to me it depends on your investment strategy and risk tolerance.

That's not exactly the advantage of bitcoin when compared to gold, you can still buy gold with $50 or $100, and it's not a huge amount of money either.


Don't blame the parents of people who don't buy bitcoin, because when they grow up, every decision and action is made by them. They don't choose bitcoin for many reasons, maybe they don't know about it yet or they have doubts about it, or they are not ready to change as you say...


Yes, diversification is essential when it comes to investing because nothing is absolutely safe and we should diversify to reduce risk as well as increase our chances of profit maximization.

Why Bitcoin Instead of Gold?
Because, Bitcoin has experienced significant price volatility over the years, leading to the possibility of substantial gains in a relatively short period. On the other hand, Bitcoin is limited in supply. There will only ever be 21 million Bitcoins in existence, which can create a perception of scarcity and potentially drive up its value as demand increases. Some investors are attracted to the potential for high returns that Bitcoin offers.

In short, you mean people choose bitcoin over gold because its profit potential is higher than gold. But what about the other benefits of bitcoin? For example, it is a decentralized asset and if you own it, you will have full rights to that asset, no one can take it away from you. Or can also be used in cross-border payments. There are many benefits that bitcoin is superior to gold for people to choose it, not just profit. But there's no denying that profit is the biggest reason people choose bitcoin.

Mostly because of the law. There is a law (at least in my country and I know others as well) that states that an individual can only have limited gold. There is a specific percentage or number wherein you have to follow if you don't want to get in trouble with the law. Also, I side with both. I invest in both because they make good profit and are good investments, only thing is I have to have limitations for gold and so the excess for that goes to Bitcoin.

Bitcoin's limited supply and ease of portability are what make it stand out in this regard. Especially with countries and major companies increasing their investments in this sector, it will once again become a commodity that everyone talks about every day.

Why do I have to disclose how much gold I own? This is really absurd.

Gold and Bitcoin are two types of things, gold is usually used in the body and it is very carefully kept in a locker or stored in one's cupboard. I mean if someone wants to buy gold from his cash then I would advise him first of all to invest it in Bitcoin instead of buying gold.  Because if there is something through investing in bitcoin then if he can do it well then this bitcoin investment will bring a lot of success in his life. And I think he can buy gold when he earns from investing bitcoins. So my personal opinion is that choosing bitcoin over gold is much wiser.

I think people of modern age prefer bitcoin but older people still believe in gold because they have lots of experience with the rate of gold and they have no concern with online business. Their mind has accepted gold and it cannot be replaced by investment in Bitcoin and may be this is due to the fact that bitcoin was not present at that time and they just accept the old strategies of enhancing money rather than accepting new one.

People of modern age just wants bitcoin because the profit of bitcoin is more than gold and there is no involvement of others in controlling of its cost. Decentralization is the main cause of desires for bitcoin more than gold and also one can transfer money online through bitcoin whereas it cannot be possible in the case of gold.

I don't choose one out of the two, and my reason for purchasing any of them would totally be dependent on my financial goals and targets. If I'm looking for quicker profits and ready to risk my money, I would go with Bitcoin, even after knowing that though I may not lose my money but it can get devalued for years if the cycle restarts since I will then have to wait for the bull run so that the market can actually recover back to the point where I've bought.

But, if my goal is to just get steady and long-term profits without the fear of losing any value for my investment, I will definitely go with Gold since I know its a more stable investment and will surely give me some returns after any period of time if I wish to sell them unlike Bitcoin which has cycles.

Some countries disallow the massive collection and gathering of gold over a single place/entity, and doing so may hold you accountable for crimes that would lead to jail time and repossession of your gold holdings. With bitcoin we can't expect that to happen unless said governments assume complete control of bitcoin which is nigh impossible. Another would be the convenience factor. As many have said here, it's much easier keeping a password on a sheet of paper or on a 65 gram trezor wallet than hoarding tons and tons of gold in equivalent value. Keeping it safe from thieves would really be a hard thing too.

Bitcoin is just superior in many ways over gold, but that doesn't mean that they are to be compared. Gold serves different purposes to bitcoin.

Don't forget if your looking portfolio diversity you can hold preciouses metals (or a blend of) in an ETF and that negates the physical security part. But now your on radar.

If you can't have bitcoin, you could possibly own Micro Strategies giving some exposure to BTC.

Think outside the box people
 I personally have a blend of this.

All in one one, you are stupid, period

You are correct in certain ways. But look at where we are now. We live in the modern era, and the time has come for Bitcoin. In comparison to gold, Bitcoin has tremendous potential and a bright future. In my opinion, there is no significant difference between investing in gold and investing in banks. Gold is a well-established kind of investment, which means there are no more exciting upcoming innovations of it, as opposed to Bitcoin, which is just getting started, how much more if it is employed by the majority of the establishments globally.

I'll just simplify why I'll always choose bitcoin

- Because Bitcoin doesn't know the age difference.

- I have never owned gold since I was born. But when I was 19, I had my first BTC in my wallet. You can imagine the happiness

- I can easily transfer Bitcoin. Anywhere, anytime

- I can carry Bitcoin anywhere and at the same time earn from it by either trading or participating in different Events like Kcgi, which I can earn in usdt and swap to BTC with fewer charges

- Bitcoin is decentralised, safer and efficient

And many more reason

Bitcoin had a capacity to get more change in the price.But the gold value may depreciate with respect to the year.Check the price of bitcoin today,the value of bitcoin was again start to increase.So it’s essential important one to hold lot of money in the bitcoin.One day the bitcoin will reach the maximum market and demand of bitcoin will automatically increase.The price of bitcoin is based on the market demand,when the bear market,you should fill your bags with more bitcoin.

One thing that encourages people to choose Bitcoin and that is the profitability of Bitcoin is insane that it leaves gold profitability to dust.  We must admit it, it is more on profitability that we choose Bitcoin, any other reason is just secondary.


I highly agree, most investment gurus remind us not to put all our investments in one basket. It is always good to look for diversification so that if one investment is not performing well, another investment can kick in and can even save our other investment from being liquidated since we can have enough funds from the profit on the profit of another investment venture that is performing well.

I challenge anyone here to got to a garage sale, flea market, coffee shop or gas station without selection and buy something with a bitcoin. Go for it see what happens. Nothing but blank stairs.

Sure as an investment sure it CAN and will excel at some point. What if you need some money for a oral surgery and you need cash. How does bitcoin look when your 33% down at the moment? It's going to take some work to make up that loss. Little bit of evil fiat on hand is handy, I can cash in the silver or gold at spot or slight loss now. No biggie.

What happens if a screaming opportunity comes by but your all lock up in BTC undrwater with no other assets on hand? You lose. (opportunity cost).

I suspect allot of you are really young like 33 or less and haven't seen enough and parrot other is threads.

Oh it's limited amount, oh it will go up over time, it's so portable and fast... Blah blah..

May be true but stop counting on the best possible scenario and hedge against middle of the road worst.

Read the books by the winners, not listen in an echo chamber of what you want to believe.

There are many good reasons why more and more people are preferring Bitcoin over gold though am not saying that investing in gold can be a bad decision as both assets can be working for anyone. Now, Bitcoin is digital while gold is physical so BTC has no problem in terms of transporting it and hiding it away from the prying eyes of the authorities in case you are looking for greater privacy. We must remember that both got big advantages and disadvantages so if given an opportunity I will be investing in both.

Basically if you read about the future and past of gold in detail then you will know that gold has been investing in it since ancient times. This gold has been circulating for hundreds of ages where everyone used it and still everyone uses it and people invest the most on its popularity and more gold. But the question here is why people are so popular in Bitcoin than gold. Currently, we have seen that Bitcoin has been around for only 14 years, in which its popularity has increased a lot. While people are currently more willing to invest in bitcoin than gold, we have seen a time when the value of bitcoin exceeded the value of gold. and when the value of bitcoin exceeded the value of gold, those people believed in bitcoin the most and this virtual currency became so popular in a short period of time that it captured people's minds. And those who hold bitcoins now will definitely benefit more than gold in the future because when the value of bitcoins increases, it will surpass the value of gold.

well, I think people prefer bitcoin because of bitcoin's ability to quickly increase the assets we have. although the risk is indeed greater than gold, however, I think many people are ready to take that risk. In addition, people who prefer gold are those who choose a smaller risk in investing, or those who already have a lot of money and save it in gold.

First, investing in Bitcoin is riskier than gold.  But since Bitcoin has been around for 14 years, people have believed in their hearts, investing in Bitcoin is unlikely to cause a huge loss. Compared to investing in gold, investing in Bitcoin has many advantages. You can sell Bitcoin whenever you want without going to any market or store. But in selling gold, you must go to a market or a gold shop. Investing in Bitcoin has many advantages over gold in many other ways.

Advantages are enough or not enough to convince people to choose Bitcoin than gold, it's personal choice and if a person sees advantages outperform disadvantages, he will pick Bitcoin. Oppositely, he will reject Bitcoin and pick gold or other assets.

The elderly will tend to reject Bitcoin as they belong to old school generation and less likely to accept new technology like blockchain and new modern asset like Bitcoin. With them, advantages are not enough as they need something they are familiar with so that they feel safe with it.

before knowing the advantages of bitcoin over gold, of course we have knowledge about bitcoin, considering that without knowledge, bitcoin investment can be bad for us, besides that there are also advantages and disadvantages of both, so we just have to decide which one to invest in. people will feel comfortable and calm when holding gold, but not necessarily everyone who holds bitcoin will be able to feel the same way, given the higher fluctuations in bitcoin

Many conservative investors reject bitcoin, for them gold and real estate are a priority. It works for them because they have a lot of capital, which is enough to make a good profit. But for those who do not have sufficient capital, mainly young investors, they will be looking for an asset that can give a significantly higher return in a shorter time, bitcoin may be suitable for this. The risks are greater, but the reward can be much greater.

That's because you have never bought gold, you cannot own what you don't want to buy; you own BTC because it was your choice of an investment, so this isn't a reason why someone should buy BTC over gold.
What do you mean by this?
BTC is used over the internet so there is no problem moving it, but even though gold is physical you don't have to always buy gold in its physical form, you can also invest in gold without owning it, through Gold receipts, Stocks, etc.

The short answer is that gold doesn't work anymore as inflation protection. For my grandparents gold was the number one asset to invest their money if they wanted protection against crisis and inflation. Unfortunately this relationship doesn't seem to hold anymore. The last 2 years we are faced with international crisis like the Ukraine Russia war and have inflation rates of 7-12% around the world. However, the gold price didn't change in value. Anybody that tried to save their money by moving it all in gold lost a lot of value due to inflation. On top of that is gold quoted in US Dollar which could lead to losses if there is big changes in the exchange rates. Bitcoin on the other hand recovered quite a lot from their 16-17k levels and outperformed gold, it's a much better investment.

1. Gold is visible and you can't hide it when transporting a large quantity but you can move 20 from one place to another easily by taking your PC as your cold storage from one place to another.
2. Bitcoin is highly volatile than gold and you can make more profit from bitcoin than gold,if you use the same amount of money to invest over a given period of time.
3.If you don't know original gold,you can be deceived and pay for a fake gold but bitcoin has no fake because it is a digital currency that is bought through p2p method.
4. Gold has being existing since ancient of days and we have seen its future but bitcoin is newly created and still has a brighter future to come.

Gold is legalised, whereas Bitcoins are still not legal in many countries. But that does not means Golds are the best. Gold are centralised and it’s controlled by the government. They impose many tax on it and hence making it similar to fiat. On the other hand, cryptos are best as they are decentralised in nature. You will have full control on your own finances here. Many youth like Bitcoins for this feature and hence will choose Bitcoins over gold.

Debating which is better between gold or bitcoin is not really important to me because both have their advantages and disadvantages. I personally choose both to be used as investment assets, because after all gold is a much more stable investment instrument compared to bitcoin and an investor certainly needs to have safe assets which are not too volatile and can be a backup for their funds.
And for Bitcoin, I chose it because it's a potential asset and it's great to hold. The potential for me to be able to get an investment value of 1x or more is also bigger in Bitcoin, that's why I still choose to hold this because the potential is better than gold.

I'm in the same shoe with Agbe and I believe a greater number of our people are too. It's not that easy beholding raw gold except one visits a gold mine. It's the same way we can't boast of sighting Bitcoin. Though I've heard of Bitcoin ATMs, I don't get how that work.

To respond to the OP, the depth of my attachment and love for Bitcoin stems from the fact that I treat it as cashless. Anything cashless doesn't drag physical burden with it and this is what I enjoy with Bitcoin. It's just an investment or cash in the air for me, to be tapped with ease anytime I want; provided I own it.

Actually I don't really care about the debate between these two investment assets. Because basically, people who choose to invest in gold, it means that it is their choice, and so with people who decide to invest in bitcoin, it is definitely a well-thought-out decision. After all, bitcoin and gold have very different elements and systems. Because just like gold which has a physical form, and while bitcoin does not have a physical form. Besides that, bitcoin was also born in the digital world, in contrast to gold, which is in the ground on this earth. Then these two assets are indeed produced by mining, but both of them have different ways of mining. Because bitcoin is mined by breaking the code, and while gold is mined by digging the ground first, then after that it is processed. There are even people panning for gold in the rivers.
So with that being said, bitcoin and gold have some very visible differences.

So basically, gold and bitcoin are assets that really have made lots of people profit/rich. So why compare these two assets, because basically both are equally valuable and profitable for humans. So I personally am not too fanatical about gold assets or bitcoin assets. Because right now, I'm investing in both assets. The first gold I knew and the first I made an investment. Then after that, get to know bitcoin. So in my personal opinion, there is no need to be confused about debates like this, because basically the debate between gold and bitcoin is definitely a matter of choice. And this is very reasonable.

I have bitcoin - I also have gold. Both of these investment assets are great for your investment options - but bitcoin performs better than gold. Bitcoin is different from gold - you need to look for more differences between the two based on your investment plan.

No need to argue about which is better and which is more profitable - but if you ask me, of course bitcoin has been my investment asset more than gold. Also, you don't need to put 100% of your investment budget into bitcoins - while you should still diversify your assets to other investment assets if you don't plan on keeping fiat.

The best part about Bitcoin and crypto is the are more safer to keep, no one will know that you have your money hidden in a words, you can leave your country and pass strict searches on the road, and nothing to implicate you, and you have the words you have your Bitcoin and it goes wherever you go.

Gold isn't bad but moving it around is not cool, they are visible and not easy to move around from one location to another, Always remember that where there is gold there is blood, The reason they say this is because once people set eye on your Gold they will lose their mind and want to make it theirs, this will most likely result into violence.

It's good to invest in both but what people can't see is more safer than what they can see, Golds can be found and picked up but not Bitcoin, most people don't even know what bunch of words are for.

Indeed, in my opinion, gold is suitable as a store of value, because the risk of investing in gold is not too high, while investing in BTC has a very high risk, not even a few people who invest in BTC experience losses.

but to be honest I personally prefer bitcoin because the profit I get from BTC is huge, and to be honest I have felt a lot of profit from investing in BTC.
I think in this matter of course everyone has a different opinion. because there are people who are ready to take big risks and there are also those who are not.

I know Bitcoin more than gold.

That's the simplest answer that I can say and I've got more experience with its volatility than gold. While gold isn't as volatile as Bitcoin, I like more bitcoin because it's more rewarding.

And if you've been here for the longest time, you'll prefer Bitcoin than gold. Even those gold investors are seeing the huge gap of owning and investing in Bitcoin.

GOLD. Ancient relic. Valuable? Yes, exactly. Stable? Most of the time. Still, its foreseeable. the ascent of Bitcoin and its wildly popular status? It demonstrates how far humanity has come. We have always been explorers and pioneers. With the digital future at hand, why hold onto the past? Without a question, gold has historical significance. Trade, art, and millennia of battles have all revolved around this metal. But my friend, this is the Information Age!

The meaning of bitcoin extends far beyond simple financial investment. It is a decentralized revolution, a movement. Bitcoin has demonstrated its potential in just 14 years, surpassing the centuries of gold's hegemony. For what reason? since digital assets are necessary in the digital age. You are right to notice that the trajectory of Bitcoin is not accidental. Its a reflection of the direction that our species is taking. Frankly, those who fail to recognize that are stuck in the past. Its time to acknowledge the changing tides and wake up. the era of gold? Its the past

So I can either have 1 bitcoin or 500 grammes of Gold in physical form or in the form of a
paper certificate for approximately and currently $30,000.

If I own physically 500g of Gold I cant leave it just anywhere it has to be in a safe.
If I want to transport it there are security issues. What about if a massive Gold deposit
is found somewhere, will it devalue what I have already? probably not because the price is
controlled!

So Bitcoin:
Borderless
Digital
Decentralised
Deflationary
Finite
Global
Proven
Secure
Self Custody
Transportable

I don't think people who are capable of investing in both will only choose bitcoins because they know the opportunity to invest in gold is also good and stable. As for those who only want bitcoins, they also have enough reasons why they doing that especially those who choose to hold it for the long term. While bitcoin investment is growing all over the world, gold doesn't really get affected by it since they are different from each other, and there's no wrong when you can only afford bitcoins in the meantime.

If you invest in bitcoin and the loss is your fault, don't blame bitcoin for being too risky. Because if you are serious about investing, you are fully prepared with knowledge and understanding of bitcoin, I bet you will never lose. But if you think making money from bitcoin is easy, without experience, knowledge and just need to invest to get rich quickly, then losses are natural. Bitcoin or gold are both risky, and whether you lose or gain is up to you.

Well once you compare the amount the NY stock exchange moves with the market cap of crypto or BTC, if you are a maxxi, you'll see how important Crypto is in the world outside of the crypto bubble.

We can see that the price of gold has increased tremendously over the past few days. As gold is a natural resource, and it is always preferred by people and invest more in gold than Bitcoin. There is a huge demand for gold in a country to change their economic situation, and if a country's economic situation worsens, it can be met with gold. However, Bitcoin is now preferred over gold in many countries, and this virtual currency has become more popular than gold in just a few years. Although gold has been around for hundreds of years, the virtual currency Bitcoin has gained more popularity than gold. Since Bitcoin is currently invested and preferred by most people, with Bitcoin being preferred over gold, the future of Bitcoin is clear and imminent.

Gold rises when a war is approaching, or the conception of an imminent war.
This very conception is also very likley responsable, or at least partly, for the turbulences on stock market and crypto.

your explanation does make sense too, because if we had both of course it would be even better, but what the op asked in my opinion is this, why do people prefer btc over gold? yes, personally, of course, I prefer BTC because investing in BTC can potentially get large profit, but if investing in both, namely BTC and gold, of course it's better because we can potentially get maximum benefits.

You can revert the situation when Bitcoin is uptrending.  We cannot just choose one side when another side also happpens.  If a person buy BTC @$900  and intend to sell BTC now, do you think the person suffer losses?


No?  You can sell your BTC if you think the opportunity of profit on the target venture can outweigh you losses when you sell your BTC.  Remember, BTC has high liquidity, although highly volatile, you can sell your BTC any time you wanted.


Most probably younger than 25 years old. Others maybe are still in college level.


This is logical, with continuous adoption and finite supply what else can you think of?


True that, in every investment expect the worst and make adjustments accordingly.  Between Bitcoin and Gold, both are precious if we have the opportunity to hold both, then why not buy both?  After all diversification is another good thing in an investment venture

No it hasn't, its been flat or down.

https://talkimg.com/images/2023/08/22/MNDcf.png



Nevermind the fact that you contradicted yourself and nothing you said makes very much sense -- I'm just wondering how you come up with these posts... All the information you presented is factually wrong. Do you just make stuff up or do you translate it from old articles in your native language? You're not providing anything remotely of value to any conversation you engage in.

Great rewards only come to those who take significant risks, and Bitcoin carries greater risks than gold. However, it's important to note that one can easily stumble into high-risk investments. The primary purpose of diversifying assets into Bitcoin and gold is to mitigate risk, essentially preventing sudden financial downfall.

Bitcoin and gold come with distinct strengths and weaknesses, making a direct comparison between the two quite peculiar. It's like comparing the purchase of meat and fish. Both are valuable, and I find merit in both for certain allocations.

Diversification does not help us get the maximum profit, but only helps us to reduce risk, so depending on the risk tolerance of each person, there is the most suitable option. When we have $100k and invest $50k in bitcoin and $50k in gold, gold doesn't fluctuate too much, how can we get the maximum return if compared to the investment 100k dollars into bitcoin?

Because I don't have a lot of money, investing in gold for me is a barrier to increasing profits. So I will accept the risk when investing in bitcoin. Although the risk will be higher, but if successful, my profit will be maximum than investing in gold.

Both have a limited supply, both need to be mined although the mining process is very different, and both can be used as currency and are also great for promising investments.
I have both, and all I did was take some of the profits from Bitcoin to buy gold when the bitcoin price hit a high. And I prioritize Bitcoin because of its security, even though it has risks due to fluctuations. But for the long term Bitcoin in my opinion there is no risk as long as I have strong faith and patience, in the long term Bitcoin always promises to provide good returns.

I would definitely prefer Bitcoin because of the reasons that,

1. As time goes by, its value will surely increase, not equal to Gold, it's not like that, it's just limited.
2. Bitcoin is not easy to steal unless someone is a hacker.
3. Definitely secure and safe as long as you hold the seed and private key.
4. can be inherited from the person you love.

The comparing analysis will let you know while people preferred bitcoin over Gold, its obvious that bitcoin technology was introduced in the year 2009 and when looking at in another perspective bitcoin have not reached up to thirty year in existence, but bitcoin have more firms and its use for transaction of currency from one country to another without much processes, and secondly, its a valuable asset that you can invest and it became propagate, so therefore, you cannot compare Gold with bitcoin,  gold is an ancient currency and many people like young adults does not value Gold like bitcoin. Myself I have not taught of investing in Gold but immediately I noticed bitcoin I developed the interest to invest with bitcoin, people have their special reasons while they do invest in bitcoin instead of Gold.

Well, actually bitcoin does not necessarily have to be centralized and controlled by the government in order for it to be penalized for it, the simple reason that it is not yet legalized may be the main obstacle that this currency may have, of course this is focused on those that perform mining of this asset, which can be victims of the law if they are discovered doing this in a territory where they do not admit it, as well as for those establishments that decide to receive bitcoin as a form of payment, for them this decision can be a problem, however, is the other scenario, where users obtain bitcoin without the need to mine or expose it in a store, this other way has allowed this asset to cross borders without any inconvenience, and without the anguish of being discovered, since that being so encrypted and preventing the identification of those who possess it, gives you that freedom to move anywhere in the world, I suppose that if this were not the case, governments would not sit still and invent some way to snatch them away (something that i consider impossible).

Now I agree with this ... gold and bitcoin are two very different assets, one with more history than the other, but I believe that even though i consider bitcoin to be better in several ways, both can be used without the need to substitute one for the other, The best way to progress in this world is by having several methods of income.

The preverance of Gold vs Bitcoin is like depened what you would like and in what situation.
If you are like mad max Gold then without question its Gold.
If you are in to be rich someday well most likely BTC it'll be.

Because it is easier to move across to globe.  It is easier to cut in a million pieces.  It is easier to sell.  Easier to buy.  Easier to own.

I agree in this case because indeed in this case regardless of what is said is verified or something like that everything depends on the interest and disverification is only a reason to want both but on the other hand it also returns to the wishes of each only if we are smart then indeed being in bitcoin compared to gold is a wise choice.
Talking about risk is just a classic reason because of course when we are in a choice then the risk will still exist and in bitcoin also clearly has risks that we have to go through.
It is not wrong to want to be disverification but in the end when our profits are not greater don't complain about it because the benefits also adjust to the level of investment we make.

I often wonder why people frequently draw comparisons between Bitcoin and Gold. While Gold is a tangible asset and Bitcoin is a cryptocurrency, they seem quite incomparable. Nonetheless, as a crypto enthusiast, I personally favor Bitcoin over gold. The potential for profit that Bitcoin offers grants me a sense of financial freedom. Holding Bitcoin allows me to have control over my assets without worrying about traceability, unlike physical assets that authorities can monitor and tax.

Because both is a good asset that's why there's a comparison especially for people seeking for better opportunity. That's how people think and its really normal that they compare it,  but at the end of the day if they have money for sure they invest on both since they would provably know that both asset is worth to grab since they are good asset that good to hold for long months or years. Maybe taxation is less concern since the main priority of investors is to earn more profit from their investments made.

Bitcoin, in contrast, is a highly liquid asset. Unlike gold, trading the crypto is not subject to government regulation, making it more flexible. Bitcoin also has the potential for high returns, as its value can rise rapidly. However, this volatility makes it a risky investment, as it can just as quickly lose value.

Each has its own pros and cons, nothing is perfect. But the comparison here is not fair because this is a bitcoin forum, and of course, people will favor bitcoin over gold no matter how good gold really is. Personally, I would also choose bitcoin, simply because my goal is profit and I am willing to take risks for bigger rewards. But if I were a rich person with a lot of money, I would choose gold as the bulk of my portfolio, would still have bitcoin but not as much as now. There is no denying that while bitcoin is more profitable than gold, it is also riskier than gold.

Bitcoin is far better than Gold, when it comes for safety and thirds parties knowing the assets your having, while holding for a long term, Bitcoin can not be disclose to anyone, accept mentioned it out and is more secured in digital currency that can be exchange anywhere, I mean any country you are or travelling to, while Gold has to under process and is not easy to move out of country, because of security involved, I prefer Bitcoin than Gold.

In ancient times, people often invested in gold for the future as it was a great investment option. Now people prefer to invest in Bitcoin, which is also known as digital gold. Bitcoin has several features that make people prefer investing in Bitcoin over gold. Bitcoin has a fixed supply while gold has no limited supply. Bitcoin is mined with a certain amount while gold mining has no limit. As you can imagine, Bitcoin has been on the market for a very short time, but its value has increased many times that of gold. You can store as many bitcoins as you want, because it has no physical form. You won't have any problem, but if you store too much gold, you may have a problem. Bitcoin can be sold anywhere in the world at any time when needed. Bitcoin can be easily transferred from one place to another in any corner of the world, you just need to remember your password. Moving gold from one place to another is very difficult, and there are many risks involved. Gold investment cannot be ignored but I think bitcoin investment is more profitable and safe than gold.

We are all modern people so no need to compare to ancient people and why did they invest in gold. Your comparison is too much and too exaggerating but I like it as it funny and makes me laugh.

Gold has limited supply but we just don't know the exact number and there is potential for finding more gold in deeper layers on Earth, from other planets, asteroids and somewhere in the space. It is not correct to say gold does not have a limited supply but of course, Bitcoin is clearly with its supply at 21 million bitcoins and it gives investors feeling of scarcity than gold. They will feel more FOMO with Bitcoin than with gold.

From my personal experience, investing in gold can be a smart decision for the long term. If you face a financial crisis, selling your gold at a pawn shop can quickly cover your daily expenses. However, it's important to remember that investing in Bitcoin is a different strategy than investing in precious materials like gold. Each investment approach has its own set of advantages and risks. Depending on your trading style, investing in Bitcoin may be a better option than gold because it is highly volatile and liquid, and you can sell it quickly for a high amount. While gold tends to have a more stable price than bitcoin, it can take longer to appreciate its value. Nonetheless, having gold as a part of your investment portfolio can provide a safety net during times of economic downturn.

Because gold had his time and that time ahs passed, we evolved so much and we change our system years ago, and we still in the system who replaced gold, in the mid 1900, so now Bitcoin its the new system and the future to addopt.

Gold was gold,then """trust""" in FIAT system not backed by gold, and now computer and math based who is Bitcoin.

If we can use both simultaneously why not? Gold has a much smaller return and takes a long time to invest, but the strength of gold in maintaining its value is also very good and gold has entered its heyday and even gold has been a medium of exchange in the past. The times have brought something new to be adopted and now we see bitcoin as one of the best investment media available, so using it is also a good step in maintaining the value aspect of money that we have. The need for adjustments every time a certain moment arrives, is what is called taking advantage of existing opportunities, so that dependence on certain aspects to obtain profits can be utilized according to the advantages and skills.

Maybe some people try to compare gold investments in the past with current bitcoins and certainly find none in comparing a product in the past with the present because both have different levels of advantages according to the era. To me both are indeed the best of ever and we have seen bitcoin reach a stage of wide enough adoption to make it one of the best investments in terms of preserving value today. So take advantage of both if you ever have the chance?

Why would needing to choose if you could have both?  ;D

Well, if you do really need to choose one then it would really be entirely be depending with your own insight since not all would really be that having on the same choice and preference when it comes to investment hings.
Come to think that comparing Bitcoin to Gold is something that been in talks through several years on which one would be worth, both does have that increasing value but the difference in numbers or value is really quite that significant specially on comparing to Bitcoin on which its price is really that moving that way too volatile and could really be able to surpass if ever the adoption and recognition would already be that high.
A mineral compared to digital gold? There might be some similarities but in overall it isnt really just that a huge problem as long you do have the money to invest into. There are really just people who are really that loving on making up some comparison and trying to have that kind of choice.

I like both and I have investments in both, but what I think makes bitcoin much better than gold is its price fluctuations which tend to be faster than gold while gold seems stagnant and doesn't have a drastic increase in price, besides that trading with bitcoin is far easier and more efficient than gold only through a smartphone, you can already sell or buy bitcoin while gold is quite difficult, and the last is cross-border shipping for bitcoin transactions which is very easy, compared to gold which requires complicated physical delivery, maybe this is all I can explain about why bitcoin is much better imo.

1  Bitcoin is decentralized
2 Bitcoin is not visible but gold is
3 I have also seen some materials made by gold, but for Bitcoin non
4 Bitcoin is easier to exchange online, but gold is not

decentralization of Bitcoin is what make it more valuable then gold. about the early exchange, you can exchange your Bitcoin without going to anybody. Bitcoin is much more better than gold. but we should also know that, investing in gold is different from Bitcoin. gold has to do with longtime investment.

I love how a bunch (esp nubes) come in and explain the obvious anyone who has been around a minute already knows. It doesn't make you smart to repeat what's been said a bazzion times.

Oh it's finite!
Oh it is more volatile to make more money!
It's a better investment!
Gold is heavy!
I can send this around the world in seconds!

Yeah yeah yeah, we all knew that already ad nauseum.

What would make you smart is to show how you can wrap BTC and Gold together in a symbiotic portfolio (with other) to gain a position of wealth.

You can put all your eggs in one basket and roll the dice and make some money/returns. The hard part is retaining wealth and still have above water money when the ark is floating. When that volatile sure thing goes under your avg cost and you must sell, it's a painful yet expensive learning experience.

Bitcoin is an awesome tool in a quiver of many

The topic is why you should use bitcoin over gold.  Not if putting everything into one basket is wise.  The reasonable response is a list of properties that either bitcoin or gold does better than the other.

Yeah I hear ya, just soooooo over this Bitcoin vs Gold imaginary grudge match. It's a simpletons argument

Between bitcoin and gold if you invest in both it is good but you have to accept that investing in bitcoin is risky as there is volatility in the market. But by investing in gold you have no risk and you stand to gain a lot when the price of gold rises in the future. But the value of bitcoins increases relative to gold. But in this case it is difficult to sell gold but it is very easy and convenient to sell bitcoin that is why people are now interested in investing more in bitcoin rather than investing in gold to enjoy the benefits. Although gold is a natural resource and popular but nowadays we can see that most of the young people are more interested in investing in this virtual currency than gold, in that case I also prefer Bitcoin as the top investment.

Honestly, I'm taking them both but I'm investing more on Bitcoin for one reason?
I choose Bitcoin because of it profitablity rate compared to gold. Despite the risk, I was still on the positive side thinking that I can handle the risk and can manage stress that I was going to faced.

Nevertheless, I couldn't say that I'll taking this kind of investment forever. I was still continue buying some gold and grow it slowly as I consider this as my lifetime investment. But as long as Bitcoin is still profitable these days, it takes more chunks from my investment capital than gold.

Bitcoin is good investment than gold  because in Bitcoin your investment increases multiple times and you can become a millionaire in a short time but in case of gold this is not possible. Gold prices goes up and downs and there is not such as profit in Bitcoin. If you invest in Bitcoin, you have opportunity to become a millionaire in future and you can do it but gold investment is not safe as Bitcoin and if you invest in gold for long term, it is not such as profitable as Bitcoin. Bitcoin is best investment idea for investment.

Why bitcoins? because it is a personal asset that cannot be foreclosed, seized and can give large earnings, gold is less unstable and gives moderate earnings constant over time but can be seized, stolen or requisitioned

Every generation has a favorite method of storing riches, as history has demonstrated. People have loved gold for millennia because of its rarity and unchanging character. On the other hand, a technological revolution is about to occur.

This transformation is embodied by Bitcoin! It is a product of the decentralized digital age. Regarding Bitcoin's volatility, you dispute. It is, of course, volatile! Its fresh, vibrant, and questioning the current quo. unlike gold, which in today's digital economy is, lets face it, a relic from a bygone era.

Additionally, Bitcoin transactions are smooth, whereas selling gold is a laborious process that involves middlemen, taxes, and other issues. The younger generation is aware of this. People are drawn to Bitcoin because of its ease of use. So why do we still use antiquated investing methods? Its time for evolution, and the next step in that evolution is Bitcoin

Bitcoin is more valued than gold to me. The investment in bitcoin is more reliable than gold, if the investment is properly checked and done. There is also a tendency of the price of bitcoin increasing highly than gold which will enable investors make more gain on their investment, thus making bitcoin have more increase in value and appreciation.

The biggest reason people choose bitcoin over gold is because of the profit it brings, you and me included. We like bitcoin for profit, we all have the mindset that investing in gold is a waste because it's not volatile so it can't be profitable for us. But with bitcoin, we have the opportunity to make a lot of money, get rich faster. Of course, there will be other benefits when our assets are bitcoin but like I said, profit is still the most priority and concern.

I also supported the idea of diversification to reduce risk, but then I discovered that allocating capital to too many assets only dilutes our investment and will not provide maximum return. And if we do enough research and only invest in a single asset like bitcoin, although there will be high risk but the reward will definitely make us more satisfied.

But in the end, it is still a choice, a decision of each person, we cannot impose our thoughts on others. But I would only diversify if I had more money.

ALLOT of Bitcoin has been seized by the US govt.

Realizing large profits without paying taxes will get you bracelets and the cool things you purchased, gone.

We all know that since time immemorial, gold has been known by the public at that time as a transaction tool or it could also be said as an investment asset. This gold is also an asset whose price does not go down easily even though the world economy is not doing well, instead the price continues to increase from time to time. In the end, over time, Btc was created as an asset that is very high value and of course it is starting to be liked by many people as a good investment choice for the future. Because btc and gold are both assets of high value and continue to increase, BTC can also be said to have an asset value that does not go down easily even though the world's economic conditions are not good.

Because the two have the same characteristics, it's no wonder BTC is now in great demand and is even considered Digital Gold. If at first glance they are the same, gold and Bitcoin do have the same function, it's just that the way to store them is slightly different, this can be said about security. However, to determine a more profitable investment, I think BTC is my top choice right now. Because BTC cannot be controlled by the government, this is very different from Gold which is controlled by the government. Not to mention that there are also cases of fraud by selling fake gold, even though there is no such thing as fake bitcoins. Actually, there are still many advantages of Bitcoin compared to gold.

You can bring BTC everywhere you go. Gold will be tough to carry

Here is a prime example of the "me too" firm grasp of the well known and obvious! Thanks for adding to our knowledge.

You're free to add something if you want ;)

To be honest, for me as a techie gold is just too hard to sell. I don't want gold contracts, I want the real deal, but I can't just sell it anywhere I go and most peopel don't realize that. Let's imagine you're forced to leave your country because of war or a coup. You have to move your gold to another country and at that place you don't know good dealers. You may face a language barrier. You're forced to walk around town looking for a place to sell your gold and then hope you'll get a fair price. With bitcoin it's fast and easy. Your exchange account will probably work overseas and moving coins there will take you less than an hour.