Bitcoin Forum

Listen what this Austrian Economics / Mises Institute author of a book titled Better Money: Gold, Fiat, Or Bitcoin? says here:

https://youtu.be/g7vI957pg7U&t=2597

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Depends on… how you describe money.

Being better money doesn’t have much to do with the unit price. In fact what you really want is a stable price/purchasing power. If the money is deflationary, that would stop the economy because everyone would be hoarding money instead of purchasing stuff. If nobody purchases anything the businesses will go bankrupt and people will lose their jobs and then btc at $1m or gold at $10k won’t do any good.

The US abandoned the gold standard in 1971 because they didn’t have a choice.

It is not like the US was cheating and everybody else were honest with their books. Everyone was cooking it and printing money without having anything to back it up. Nixon was cornered, he had no other choice. He had to join the game of crooks.

If you define money as a commodity, then you are right both btc and gold are way better than the USD. They definitely will have better purchasing power than the USD in the future.

If you think money is a currency which is also partly true, then USD is a way better currency than both. USD is faster and can scale infinitely unlike gold and btc.

these three instruments have their respective advantages and disadvantages, so we cannot conclude which is the best or the worst because all three have their respective uses. bitcoin has better performance compared to the three, but its value fluctuates. as for gold, it is suitable for use as a stable investment but is inefficient for use as a daily transaction. lastly for fiat, it can easily be used for everyday transactions, but its supply can be manipulated and its value is closely tied to economic and political conditions. all three have their own characteristics and depending on the individual they can say that bitcoin is better than those three, or gold, or fiat.

judging from the context he made his analysis from, he isn't wrong with what he said and I guess this is just a one sided quote that hasn't covered the particular statement the dude said rightly. From his analysis, we can't be 💯 sure that Bitcoin will go high in the future except events have played out to suggesting so. Bitcoin can go higher or downward and what's mostly the factor that's been at the centre of making the right prediction has been event that plays out and you can easily ascertain that it will cause Bitcoin to go higher in couples of years to come.

When the sport Bitcoin ETF was finally approved and then it approached the halving, it was easy to predict that Bitcoin will increase and the truth is that it did increase in line with the speculation and I guess what he was just saying in essence is that there are always factors and event that guarantees that Bitcoin will iether increase in value or decrease in the future.

We need fiat and there's no doubt about that but the world is changing and innovating so, with the acceptance of many countries with Bitcoin. There's a possibility that digital apps provided by banks might have a portion on their wallets by depositing Bitcoin on it.

And then, you can spend directly it with everything just like with the common credit card payments and QR code payments through Venmo, Zelle, etc.

It's just about the application and adoption if it's about money. Gold? it's far from being money but it's one of the safest assets that one can have as an investment.

Gold?  Hell, no!  People barely use physical cash anymore, and the world's population isn't going to revert to carrying around precious metal to pay the pimple-faced slacker at the gas station anytime soon.

Bitcoin?  Yeah, it'd be great if it weren't for governments and banks being in bed together and smearing it to death.  But I've often thought that people just aren't looking for an alternative to fiat, and that's why bitcoin has basically remained an investment rather than a form of money that one would actually spend or accept as payment (well, that and the mind-jiggling volatility).

So fiat it is until the first world nations destroy their economies through reckless monetary policies, and then it's going to be every man for himself and if the situation should happen that no stable fiat currencies exist any longer (which isn't likely), then people will adopt bitcoin or some other altcoin to pay for things with.  But that's a disaster scenario, and not one I'm hoping comes to pass.

Edit:

By the way, I've seen topics comparing bitcoin to both gold and fiat ever since I registered here.  Is this thread even necessary?

I'm not sure why you need to trust words that come from Boomers?

We're in different generations, they see investment is tangible asset, that's why they own real estate and gold.

While the current generation is full of technology, we can chit-chat using cellphone instead of envelopes, we can read news in cellphone instead of newspaper etc. And now we have Bitcoin, something that decentralized and intangible, if there are still many young generation didn't trust in Bitcoin, how about Boomers?

For me this depends a lot on what kind of assets you already hold. There isn't one easy answer that tells us to only hold bitcoin or gold. For example, many people have gold in form of jewelry, cutlery or other form of arts. Even if the gold price is around his ATH it might not be a good idea to sell those things. It's not only the commodity price, but also the sentimental value we need to consider. Holding onto a gold necklace from our grand parents is fine, even if we would make more money switching it's value into bitcoin. For me the best is to have a mix of the three with a stronger focus on bitcoins for the future.

Gold (and silver) and Bitcoin are storing value better.

Having some physical precious metals and cash is nice if there is a widespread power outage.

Fiat money is convenient because it's widely accepted.

People can't generalize on what's better asset for whole individual to have since people have different preferences on what investment they like to take.

Since maybe have different expertise since there talent on investment on those asset has been shaped up by their environment that's why they are good to make their profit grow on some assets they choose to invest on that option you give. Some may good handling their fiat to put it up on good businesses and other investments. Some may also good on hoarding golds then have patience to wait for long and same goes with bitcoin where everything goes good at long years past so its just how people choose what path they want to take since there knowledge can determine on what they like and what target they want to be in future.

We have had a lot of threads comparing gold, bitcoin vs fiat, and one thing you need to know is that we are on a bitcoin forum, what do you expect from people when everyone is an investor bitcoin?

Each has a different use case and comparing them is unnecessary and without too much debate. Fiat is bad and terrible, but no matter how much we criticize or badmouth it, we still need it for our daily lives. You will still need to use fiat currency to pay your daily bills as it is still the world's main currency. Gold is a stable asset, it is not suitable for investment but is suitable as a top safe haven. Regarding bitcoin, I probably don't need to say much about it because I bet you are also investing in it to make money.

Fiat = Depreciated.
Gold = Heavy, anyone can see you carry gold especially you own a lot.
Bitcoin = Not depreciated and no one can see you own Bitcoin.

From above, you already know which one is the best/better money.

It's because they only accept fiat, if they accept everything, I'm sure people won't hold fiat and abandon it.

I have different point of view when it comes to money as it can be measured using the need like if I am in a country wherein I cannot get exchange of Fiat for the Bitcoin I am holding and let's say it's completely banned that my local Fiat will be the best for me for any needs, if I can easily find swap for Bitcoin to Fiat then I would prefer Bitcoin as atleast I can expect some good ROI provided I am willing for a lockin if it drops, if I don't want to take any risk and looking for lesser profit wherein I cannot afford to lose then gold as bond would be preferred because gold as physical thing is difficult to hold, secure and there are charges like buying/selling and wastage associated with gold. So it entirely depends on your situation.

Gold, fiat currencies and bitcoin, all three are at high levels, there is any not bad by any means. Gold is not very good for investment, gold is a stable investment, which does not give us much profit, there is no shortage of gold in the world, there will be no shortage of hearing when future gold mines come out, due to which the price of gold may decrease in the future. That is, there is no shortage of gold, but there is a limit for bitcoins, the total supply of bitcoins will be 21 million, that is, the total supply of bitcoins will not exceed 21 million bitcoins in the world, and Bitcoin has already reached over 19.5 million in supply, that is, the price of bitcoins will definitely increase in the future. This means that bitcoin investment is going to be a profitable investment, and besides, people of today prefer to invest more in crypto, for this we do not need any separate place, we can keep bitcoins through our smartphone or computer, which is very safe.


In addition, fiat currency is the easiest means of shopping for the essentials of daily life, currently most of the people of the world buy the essentials of daily life with fiat currency.

Here we can say that all three things are good, we cannot say less than any of them. But still I would say that bitcoin and fiat currencies are above gold.

Better money is whatever is the most easy and comfortable for you to pay and store. Fiat, Gold and Bitcoin, they all have their pros and cons, we can't simply say that one is a better money than the other.

Fiat benefits - In terms of payment, the easiest and the most available method. Fiat is accepted everywhere in the world but its cons is that the financial institutes of the government control it. It can inflate as the government wishes and is easily stolen.

Gold benefits - Everyone recognizes gold but if you want to sell it, you need to visit stores that have gold experts who will measure your gold and give you money. You can't pay with it in supermarkets, restaurants and etc but you can exchange it to fiat easily, everywhere. Gold is the most stable asset, the word Gold Standard doesn't exist without a reason.

Bitcoin benefits - It's the innovation, it's a currency and the payment method at the same time. When you hold it, you are your own bank, no one can steal it from you, you can protect your privacy while using it but it's not good for daily transactions because fees go up and down and prices are very volatile. Bitcoin is the best for investment purposes, not for buying things daily. Compared to fiat and gold, it's less adopted and also a little harder to exchange but it depends where you live. You can't live with it everywhere because you need an internet connection to use it. It needs high block size and massive adoption to become a money that we use daily.

OK.
There's always been like this even before and at any range that Bitcoin will reach, there will be the same comment as this from whoever think they're good at finances. Bitcoin has been disrupting the fintech for how many years already and it's going to continue but we don't know for how long. But as long as it's there, we are confident to say that it's here to stay.

Fiat is being hit hardly by the inflation and it's never going to stop. Whilst for gold, it's also an appreciating asset but compared to Bitcoin, it's like a flat line stable for how many years. And lastly for Bitcoin, it's a deflationary asset that you can store your wealth on a little cute device that's called a hardware wallet or for easier to understand, your access is your private keys or seed phrase which is not heavy to bring with you or keep it wherever it's safe.

I would like to eliminate fiat on this list since usually I use this to buy something that I need and don't like this since the value always hit heavily by inflation.

But I would like to choose gold and I'm frequently acquiring both since the value of this asset rise just like what currently happening to gold right now where it got much price rise for past months. Here's the price monthly analytic of gold https://ycharts.com/indicators/gold_price_london we see right here that this is good investment to have.

Also with bitcoin its good to have this for long term and we know how big the potential for this coin to grow in value that's why I don't want to ignore any of it but rather I choose both to get better result on each investments I made.

Each type of asset has its pros and cons and none of them are superior than another. Since bitcoin is new to this group compared to the rest, it might be getting the maximum support in this forum, but in the outside world, this might not be the case because the forum represents a small section of the entire population of this world.

Hence my opinion is to keep all these assets in in your portfolio, no matter the cost, all are important, because you never know which one will be useful than the other. Bitcoin is not accepted or easily spendable in every country while fiat is, again fiat is affected by inflation with bitcoin is deflationary, fiat is difficult to carry but gold bars are easy to carry and have a high value.

Hence a diligent investor knows their assets and does not become partial to one.

Bitcoin and gold are more likely purchased as assets then money, only fiat could be called money and is a good way to exchange goods. In ancient times Gold, Silvers and other precious metal were used for trading of goods but now people purchase them and hold them as assets rather than something that could be used to trade for goods.

Bitcoin was developed as a p2p electronic cash system that people can use to trade goods against it but it was engineered in a way that it slowly started getting scarce with just 21 million total supply with no printing/minting mechanism. Because of that nature of Bitcoin, investors got interested in it and hold it so it can grow in value. Now a days it's more likely used as an asset then as a p2p payment system.

Only fiat remains that could be used for trading of goods but as we all know that fiat isn't a full-proof system either because it's in control of governments and banks that could literally prints so many of it without any hesitation and that leads to drop of value overtime. However, fiat is still the easiest way to trade goods, however one day it might also get replaced by CBDCs or something similar.

I don't think that there should be a better money among fiat, gold and Bitcoin, because they're all functioning independently and giving value to their holders in different ways, although each of them can be used as an alternative or as an exchange to the other. Bitcoin can not function efficiently as fiat because it's core usage is as investment, while fiat can not be stored as an investment because it's affected by inflation, while we can't carry physical gold around to make payments with it, because it's also a store of value like Bitcoin. However among the three Bitcoin, has more advantage because we can use it to pay for commodities and also hodl it as an investment.

It depends on which country you live in. FIAT money is subject to inflation which causes its value to gradually decrease.  But inflation rates are not the same in all countries. If you live in the United States where the local currency is the dollar, you can hold FIAT money and the value of your money will not decrease much. But if you want to get profit along with this then you can invest your money in both gold and bitcoin assets but investing in gold has low risk while investing in bitcoin has high risk. So how much risk one is able to take depends on who is comfortable with which FIAT, GOLD or Bitcoin

They have more experience than the new generation, they experienced hard times and have proven their expertise.  If asked which one would I consider, I would consider  the suggestion of people who have enough experience in life than people who are just setting up to test the waters.



Not all boomers are close minded, there are also many of these generation who are open-minded and is able to accept the changes in their environment.


According to the internet baby boomers' age range from 57 to 75 as of this year 2024, I would be convinced to believe in you if we can't find people in this age range that are into Bitcoin.

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In the mind of a freedom-lover person, nothing beats Bitcoin being a better money because it conveys freedom of transaction and can't be hinder its transfer by any third party authority as long as the transaction is made via P2P.  While others who have different perspectives can choose the other option.  In short, the answer to the question about which one is the better money will always be subjective.

Obviously, today's price is the best predictor and that's a fact when we ponder on the price of BTC after 24hrs trading day. Even with fiat, it can only continue to be a better option for daily and international transactions, if government policies and the law is very efficient and judicious in carrying out there due diligence.

One thing also is that Bitcoin and gold right now wants to be controlled by the government and it is already being regulated. The investors or owners of BTC are taxed just as much as they can also use it to pay their taxes, and this is a requirement before it began to being accepted in many countries including Argentina and Malaysia of whom are just getting onboard like other countries like Lugano and El Salvador. It is taxed more than fiat which is being seen as an asset, while Bitcoin and gold are seen as commodities.

Depends on how will it be used. If it is for daily transactions then fiat would always be considered by more people given that not everyone are interested with blockchain technology. Also, transaction fees are still high at this point. Not to mention how volatile Bitcoin's market price as well, which could be a problem in particular with balance and stability of marketable goods' price. With gold, it is much better as an asset to be held for years. The long debate on which currency should be more used between Bitcoin and Fiat, should long be answered. I believe that these two would better just co-exist as modes of payment than to only pick one. Both has its own advantages and I guess this should settle it.
Depends indeed on what country you reside. Bitcoin has been introduced for more than a decade and yet people still are not convinced to patronize it or make use of it the way they uses fiat. Much better if we will just use based on our preferences than to push the idea to all people we have no control of, in the first place.

Quite an unfair comparison. One is a local currency issued by the government itself and the other two are assets in which you can invest in.

Both fiat and investment are important. In today’s age I don’t think you can pick just one. Having fiat only and no investment might put you into some economic trouble in the future and not having any fiat will surely not help you either. It depends on the context really

"It can be higher, it can be lower..."... I can't say that I heard anything new in the 10 or so minutes that I listened to. We have been hearing the same things for years, never enough stories from so many experts around... and as far as the action is concerned, Bitcoin proved to be unmatched, breaking records every few years. The conclusion is simple according to some of my thinking, people (experts) will continue to talk about anything and everything. Some will be too optimistic, some pessimistic, and Bitcoin will slowly continue to conquer the world and gain value over the time.

That's true,they're all money,yes,and they serve as a means of exchange or payment irrespective of where and how people see it,and you can't change that fact.
Although bitcoin and gold have the same similarities,bitcoin portrays an undeniable element of security compared to gold.But I prefer bit coin serves as a better version of what money is called.
  Honestly,I don't think this comparison is necessary,there's no bad one amongst them,expect that they have their own lapses and malfunction occasionally.

All money is basically good.
You can fed yourself, pay your dentist and all that.
It does not matter as long as you own from each value more than enough.

We too often discuss and compare things like this where we only always focus on which one is better than some benchmarks that we think are good as if it is an important part that must be found the answer where when one of the ones we compare gets positive things it will be considered the best and the other is bad.

We've gotten to the point where we're just always comparing each other but don't realize that it doesn't really matter because every view is a matter of perspective and it's up to each person to say whats best because everyone has their own arguments. I actually see quite often and quite bored too where bitcoin is always a comparison with real estate gold or other valuable assets as if it is worth comparing and seeing which one is the best when if we look at the further side as long as they are useful when it is all very good it just depends on the perception we see because all have their own advantages .

Gold is a good investment compared to paper money or fiat, but when compared to Bitcoin, Bitcoin is much better than both.
And the great thing about having all three, fiat is an important need that we still use to be able to meet our needs as a transaction tool if Bitcoin is prohibited from being used as a transaction tool, and money can be saved for sudden needs or used as an emergency fund.
However, gold is a more stable investment and the price does not fluctuate like Bitcoin, and in terms of profits, Bitcoin is much better and bigger than gold. And indeed Bitcoin has a big risk because of its fluctuating nature, but if we treat it in the long term, in my opinion there is no risk whatsoever. Because we only buy and buy when prices are cheap and sell again when prices are high, and without caring about time because it is long term. And Bitcoin's long-term track record has always provided satisfactory results compared to gold because it is very stable.

Gold has not served as money for quite some time. Money lost its link to gold around the middle of the last century (1942). Bretton Woods system replaced Gold standard.

Bitcoin didn't have time to assume the role of “money” and turned into an “investment” asset. The share of bitcoin used as money is negligible and ridiculous. It is still very early to call bitcoin money (if such a thing ever happens).

Of these three “moneys” listed, only fiat is truly money.

I have reason to believe that the price of bitcoin will always differ unpredictably from the present one. :)

Risk is not alone but there must also be a catch with it like for example gold is you said low risk but the catch is that the profits that we can get on here is also much lower compared to a high-risk asset like BTC. There are people who watch out for the risks before they invest and ensures that they can only lose less, while some look directly on how much profit they can get.

Even though both are still taking a risk but the second/last one I said must be the real definition of a risk taker. Gold and BTC isn't the only way to earn money but we can also put our fiat money on something like a bank. We can also do the same in lending platforms. In the online world, specifically in crypto, there is also what we called as staking and obviously, we need to convert our physical fiat first into a digital one or stable coin before we get started.

The choice was to reduce spending and repay debt as required, that means a budget surplus which is hard for any country to do.  The choice made was sound money was no longer useful to a country with a dominant position.  The origins of the gold standard was when USA was still a new country, in recovery from 2 major wars including the civil war as well as actually settling a large continent with few people at the time so sound money was required not optional.

All three things are related to your investment because you can criticize here if you can invest and you have to learn these things to achieve success.  Nothing can be successful without running. In case you are studying, you have to do your learning.  We know you will miss out on everything because if you don't invest you will never make it but no matter what Riyad or Bitcoin says you have to invest.  But anyway, many people are not faithful in these matters, many people believe in cash or even if they invest their money or their money in many areas, they do not like their risk.  But I think actually everyone is everyone's activities or everyone is on everyone's platform, they are valid or they are right according to them.  But invest always brings success.

To me, the 3 are very important to humanity and they have played a good role to improve people investments, and people are still willing to use them at any time to achieve their goal.

If you ask me the one I prefer among the 3, is BTC because I started using it some years ago and I have seen reason why is better than fiat and gold, BTC is a decentralized currency that is not control by the government, and it add value to those that is using it for short or long term investments.

If you hodl your fiat in the bank or hodl gold like 5 years before you can withdraw them to use the money, you will not earn what BTC hodler that hodl like 5 years will earn which is the reason I prefer BTC than fiat and gold.

if we discuss the medium of exchange, then I think fiat is the most suitable medium of exchange used currently in real life. That's why almost all countries have their own fiat. However, if it is an investment then I choose gold and bitcoin. Even though Bitcoin can be used as an alternative payment, I think it would be a shame to use an asset that has the potential to be exchanged for something. well, it doesn't matter if you have a lot of bitcoins, but if I have fiat, I will use fiat as a means of payment.

Indeed, all 3 are important and have their own use cases, so I will choose all 3. Bitcoin is used for investment because of its huge growth potential, gold can be considered the best safe haven because of its stability, while fiat currency is used for necessities daily. Why do we always have to compare them when we can have all three?


BTC will be the priority of the majority of people, the biggest reason is that everyone needs money, everyone wants to have a lot of money and bitcoin is the asset that can meet that for us. Profit is what many of us aim for when choosing bitcoin, IMO.

The other perspective to this is not rely on your own opinion of each asset you might hold but check you know the desire of your trading partner.

If you want to buy something from people who make a required product  or own it then you must exchange something of worth to them.  If China and India both value gold for many decades and into the future then gold is money quite easily and they may not want the alternatives you value.

Of course fiat is useable in any part of the world. But so is gold even though paying in gold is not something people around you would like without raising an eyebrow or two first, it would also be inconvenient considering the conversion to fiat factor. Again bitcoin is something that ends up in a grey area in many countries and you might find it difficult to pay with it directly without having used some giftcards and other stuff first.

When it comes to carrying, bitcoin is the easiest followed by fiat and then gold. When it comes to long term value bitcoin is followed by gold and then fiat.

BTC,gold is definitely better than money. Because the value of cash is decreasing day by day. It is very risky. But if one invests money in bitcoin or gold, the value of money will increase day by day. We all know how profitable investing in bitcoin is.  And how much profit it guarantees. And those who don't know much about bitcoin will definitely want to invest in gold. It is also profitable, but there is some harassment when selling gold.

Here is my opinion-
Do we know what is Fiat? I think most of us don't know what is fiat currencies  as we are seeing the traditional fiat currencies those are nothing but only a piece of paper. Always fiat currency is always valued by some other asset - such as the amount of gold reserved by the United States of America based on their fiat currency USD.
And before understanding whether it is better or not, you need to know whether the asset you think is better is actually limited. Because the value of all assets that are limited will go and increase.
On the other hand, the unlimited assets that can be created in a new way, such as fiat currency, the value of these assets will go down and against those limited assets (gold, bitcoin), information inflation will continue. So now you consider which asset will be better for you.

What he meant was that bitcoin is unpredictable. It could go higher, or not. He doesn't say it won't, but we can't be certain of that.

 fail to see how that's different from any other asset. I guess the meaning is that fiat is inflationary, so finite resources with use cases like gold will slowly climb up in price, but bitcoin has not enough uses right now for these guys to qualify as an anti-inflationary asset.

What they fail to see is that bitcoin is one of a kind. It's money without an issuer, the first of its kind. That's the use case and that's what's going to make it anti-inflationary.

The bullish case for Bitcoin (https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1) is a book that is very insightful and can help OP.

The author of this book needs to revise it with a fourth column for CBDC (Central Bank Digital Currency), together with Bitcoin, Gold, Fiat for comparisons.

All currencies, fiat, CBDC, gold and Bitcoin, are inflation but the rate of inflation is smallest with Bitcoin. We all won't live too long till 2140 year but after that year, Bitcoin will start to become deflationary, no more new bitcoins from Bitcoin blocks and there will be only reduction in available circulation supply after 2140 when more bitcoins will be lost by careless people.

https://blog.lopp.net/content/images/size/w1140/2022/01/bitcoin-inflation-chart-1.png (https://blog.lopp.net/how-is-the-21-million-bitcoin-cap-defined-and-enforced/)

Even BTC and gold their price also dump sometimes for their hodlers to experience some changes in the market, like the way some fiat hodlers use to experience some negative changes in their exchange of goods and services.  

BTC and gold are good assets you can put your money in a long period of years  before you can sell, and it will give you double of what you have put in those assets, which many people still prefer them in some countries that alone their citizens to use them to improve their businesses in their countries.

BTC is the best among all, if they ask me to choose one among the 3, which I will prefer BTC because it allow their hodlers to make a good profits during bull run, and you can buy from market today in the bear run, and bull season can occur the next day which is the reason those that know BTC, they will prefer to hodl BTC than any other assets.

Gold and Bitcoin are both assets that can be used for different purposes.However, based on the comparison between gold and bitcoin provides a way for you to decide which asset to invest in.
Bitcoin has been around for little more than a decade,meanwhile,bitcoin is more volatile investment  with far greater upside potential than Gold but with that comes huge downside risks.
Differently,Bitcoin,fait and gold characteristics maintains a high value and decisions to central access and usage.

All this depends on what habits we have. Personally, I would probably rank the best money as Fiat, Bitcoin, then Gold. The reason is, I am used to using Fiat, and it is very suitable for use in my environment, in fact I think all over the world. Bitcoin was created as a payment alternative, but personally, if I had a lot of bitcoin, then I would hold it and think of it as an investment. As for gold, I have always thought that it was a form of physical investment. Even though it used to be used as a medium of exchange, in the modern era, most people use gold as a long-term investment.

Most people here will choose bitcoin because they are all bitcoin investors and the reason they choose bitcoin is because everyone wants to get rich quickly, wants to make big profits from bitcoin. But I agree with you, the choice of gold or bitcoin will depend on each person and which asset is best will depend on each investor.

Currently I don't invest in gold because I don't have too much money, I focus entirely on bitcoin, I am willing to take risks to change my life. But if I were a person with a lot of money, I would definitely choose gold because it is obviously safer. Gold or bitcoin, both are very good and depending on economic conditions, each person will have the right choice.

Didn't click on the link. But I see Bitcoin as the overall best money among the three. That's not to say that Bitcoin is the perfect money, though. Bitcoin is far from perfect. Circumstances on the ground differ. Bitcoin can't even function as money in many places all over the world. Bitcoin, gold, and fiat have their advantages and disadvantages. They're better than each other in certain respects. Overall, however, I think it's Bitcoin that's better than the other two.

If I'd say according to what he said of the improbabilities that the price of bitcoin would be predictable to roar higher or depreciating.
I literally doesn't sense any sentiment on that comment because to me, it states obviously that bitcoin is a volatile currency and can't be predicted.
Although while considering the influence of bitcoin price in the future, I see every tendencies that it'd keep to rise but yet I can't predict if its specific value and can't tell if it'd surge to a specific maximum value. I can only assure that bitcoin price can never be dropped to valueless price even in the future.

Its expected to see that result since we are all dealing with bitcoin so for sure a lot of people would say that bitcoin is more better than the assets mentioned. But actually we don't really need to choose since its more better for us to select those three option since there are separate uses for those assets where we can take advantage on.

And instead of choosing only one asset then its better to have all of it since I believe that 3 is better than 1 and also we should not put all in single basket since there are more greater picture if we avail all of benefits of some valuable things that we can able to have.

At bitcointalk, getting mostly bitcoin answers is the way to go obviously, we are not going to hear just bitcoin of course there will be people who prefer other stuff but it would be mostly bitcoin answers. My reason is that it is something in between the other two, it is an asset like gold that gains value, but it is a currency like fiat where you can spend it and earn it as well.

You do not go to a shop and buy stuff with gold, and you do not hold fiat and gain value, so that means bitcoin is better than both of them. This is why I prefer it and I have been using it for a long time. A lot of people only invest into bitcoin, and I do that too of course but I also use it and I feel like that is the most important part.

For most people who don't understand what bitcoin is, I don't think they believe that it can make money, they only trust gold to store it. According to them, if there was an increase, they would definitely say it was a profit. In fact, the increase in gold was not very significant. If they understand or understand what bitcoin is, I think they will definitely switch their investment asset choice from gold to bitcoin, which is much more profitable in the very long term. Fiat is valued by society because it is our transaction tool for daily needs. However, the fact is that many people do not know that its value will continue to shrink or decrease from day to day due to the impact of inflation.

In fact, gold seems to only be a hedge, even though the price continues to rise, it is only to protect against inflation, whereas fiat, over time, becomes less and less valuable, this is what frustrates many people, considering that salaries are difficult to increase but the price of necessities rises significantly. but what else, of course the government has more power to determine it, even though we are all here giving the relevant value of bitcoin

If you think BTC is like that or can't function well as money, then you shouldn't say that it is the best among the rest/three but BTC is so popular now and there are now countries that made it a legal tender. By that, it is actually possible now to just rely on BTC as your main currency/money but for me, I think I won't still consider it as the best. If there is best, that would still be fiat due to its wider acceptance and it is possible because it is only easy to use.

Just like earlier, if you think each has their own pros and cons, then you shouldn't insist that BTC is better, though each of us has our own preferences and this is why many are here in BTC and they don't add anything anymore.

First of all, how do you qualify money? Because to my knowledge, the value of money is what money can buy, which one would you choose or call better money? the fiat currency that depreciate its 2% value each year because of inflation or in other terms called money printing, Basically its purchasing power decreases over time, or would choose Bitcoin that adds value or appropriate over time, thus its purchasing power increases over time which is deflationary, in fact Bitcoin beats fiat currency hands down if we should compare both, if not for the fact that fiat currency is the traditional money.

And that is one of the risks in investing in bitcoin. Us, investors, know that bitcoin is volatile yet we still all invest in it because the benefits far outweigh the risks. You just need to try and manage the risks as best as you can so that you lose minimally and earn the maximum profit.

People need to realize that while bitcoin can give you profit, it can give you losses too. It doesn’t mean that it’s already a bad investment though.

OP never stated exactly what he meant with Better money but Fiat, Gold and Bitcoin all have their advantages and disadvantages. Let's look at it in term of spending perspective.

Fiat: one can spend it anywhere at anytime anyday without any form of conversion, you don't need any intervention as long as the currency is recognized as a legal tender and settlement of debt.

Bitcoin/Gold: It might be easy to see Gold legalize in most countries but you wouldn't see for Bitcoin, so spending will Gold physically wouldn't be easier than for Bitcoin but the both need conversion because not everyone will accept gold because you want to buy food, there must be a conversation, same with Bitcoin.

Looking at it from asset perspective, we don't need a soothsayer that Bitcoin is the best, while Gold is good and Fiat is weak amongs all because it will likely lose value as time pass by.

From the explanation you gave, I can conclude that Bitcoin is better than gold and fiat. Because bitcoin is able to overcome the shortcomings of both, bitcoin is here to perfect what gold and fiat do not have. Fiat loses value due to inflation, gold for investment but the increase is not as big as bitcoin.

In essence, this comparison makes it clear that the concept of Bitcoin is much more perfect than Fiat and Gold as a store of value and a better future for transactions. Gold and Bitcoin are both valuable assets, gold because of its physical properties while Bitcoin because its supply and users are limited. Basically, gold can be considered a store of value rather than a practical means of exchange because gold has weaknesses such as being heavy and difficult to carry, of course this is an obstacle. In contrast to Bitcoin, Bitcoin has the potential to become a transaction tool that is widely used anywhere and at any time and is more practical. So in conclusion, Bitcoin is the best money, even though currently we still have to use fiat because there are no other options for transactions in everyday life.

     This is just my opinion; I will choose Bitcoin or Crypto. Because right now, if I have a profit in Bitcoin, I can do it as a day trade activity, where when I have a Bitcoin or crypto profit,
I can exchange it for our fiat currency here in the country I belong to.

     In these times of my life, this is my main source of income, and it is grown through trading activity to make a profit, so this Bitcoin or crypto is really money for me that can be exchanged
for our real money.

Is this a fair comparison and assessment? When I just see you guys constantly bringing up the downsides of fiat money and gold, and giving all the flattery to bitcoin. Gold does not bring higher returns than bitcoin but it is safer and more stable than bitcoin, it does not get dumped 70%-80% in just a few months. Gold is bulky so storing and moving around can be difficult at times, but bitcoin also has associated risks such as being hacked, forgetting the seed phrase, and how can we use bitcoin without internet?...No asset is perfect, and each asset is used for different use cases. Even though we are bitcoin investors, we don't need to exaggerate bitcoin and badmouth other assets, because that doesn't make bitcoin any better.

I agree with you . I see many people who did the same thing as you said. They are describing more more benefits of Bitcoin,gold and fiat money. But I think,every form of currency is good but it matters a lot where it is being used. Gold is safe investment and you can liquefy it in a few minutes and that is safe because no one can hack or steal this in ordinary conditions. Fiat Money is good because you should store money for the emergency. If an accident happens with a person of your family,you can help your family on a time . In this way ,fiat money is also good.Bitcoin is good because you can get multiple returns on your investment in future.

The author speculates and that's fine because it's in the description of Bitcoin. Fiat is fine, we need it and still uses it up to this point and I think we'd be gone first before fiat's gone. Gold is fine as an asset but not as a money. Bitcoin obviously is in best shape and can be in both categories and that's why we understand the importance of it and why we're holding it. Compared to boomers, all they know is invest on this and there and don't invest to new assets.

And to be honest with you, I also don't see any reason why this comment should be getting a thumbs down from you, it's important for us to understand that the crypto market is a free one, predicting the future price of bitcoin is completely free and each and every one are at liberty of stating their minds/what they think the future price of bitcoin would be.
While I realistically believe that the price of bitcoin will be incredibly more expensive in the future, I believe that there is nothing wrong if I come to say that the price of bitcoin will fall back to $1000 in five years to come, it's my opinion and I expect ya all to respect it, if in the future, it turned out that the price of bitcoin continued to grow, far from what I predicted, it's my shame and me alone will bear it.

So, let's learn to respect people's opinion when it comes to predicting the price of any cryptocurrency, their opinion doesn't drive the market and thats what we should be thankful of.

Gold is physical, centuries-old, and inflation-resistant. However, carrying a gold bar to buy coffee is inconvenient. Bitcoin is fresh but could disrupt. Borderless, decentralized, and offering financial independence that existing systems can't match. I don't recommend one over another. All about diversity. Mixing assets in your portfolio is good

Sure, there are risks with bitcoin. Lost wallets, hacking, etc. But look, with any new technology, there are always growing pains. We secured our bank accounts, now we'll secure bitcoin. How they fit into your financial strategy is more important than which one is best. Gold is like insurance; your crisis shelter. Bitcoin can lead to huge gains

Everyone has their own perspective on things, and it cannot be intimidated by anything because someone has the right to have an opinion however they want and however they want, including people who talk about bitcoin, some of us are optimistic and some of us are pessimistic and some of us are skeptical about bitcoin price movements, and they can speculate about bitcoin.
For me personally it will be very possible for bitcoin to experience a higher price increase than the current price, in view of the low adoption of bitcoin and only a small number of people who enter buying bitcoin, it is likely that when many people enter bitcoin it will allow bitcoin to be much better in price.

I also don't have confidence that bitcoin will fall deeper like the numbers you mentioned, but I don't throw it in my mind, because we don't know what the future of bitcoin will be like.

Bitcoin has high returns, ETH is stable, each has its own advantages and disadvantages

Yeah gold is evergreen commodity everybody prefer for investment even for long long time.And its value also goes up with time means almost no loss but can get more price if one want to sell in future. But it have one problem that one can never go shopping taking gold bars.

On the other hand bitcoins have established itself as digital gold one can own as investment. People can hold bitcoin in their convenient wallet and spend anytime, anywhere and as little as they want. Its value too increase with time giving high percentage of ROI.

Conclusion is, physical gold and digital gold both are good in their respective place.

Gold doesnt need to be carried to settle a coffee bill, you can just use it like a settlement payment method on a card as normal.  That is already done alongside similar systems for Bitcoin apparently.

The payments can be settled with a monthly account.  People are most used to that where its a credit card and the bill is settled in cash or left on credit to accrue interest.   It is also possible to settle such a bill in gold or a variety of other assets in exchange.

As long as we still promote positive thinking by considering things without negativity, the world will be very peaceful. There is no war between countries. It should be like that, but in reality we seem to be forced by circumstances to reject every different thought. If you come with such thoughts, I will raise my hand to you in respect.

For us, when we think that the price of Bitcoin will be expensive in the future, it is not necessarily true that people who recognize gold will agree with our thoughts regarding the future of Bitcoin.
Well, pay attention to how someone defends their idea of ​​gold or Bitcoin, but the thought behind it is that we drop it.
You are wise in judging this, but not everyone can position themselves as wisely as you think.

But the moment you allow such a proxy to be used instead of the real thing, then you allow for its manipulation and the fiat system to appear again, so if the are are a few people out there pushing for gold and silver to become the dominant way to transfer value around the world, we have no other option but to use physical coins for our purchases, otherwise governments will once again cheat the gold standard and bring forward the fiat system they like so much.

Of course - but no one expects anyone including you to talk about something like bullshit. Feel free to express your opinion - but make sure you always stay on track where what you are talking about remains constructive in any case. I know that not everyone really understand economic issues or something like that - some of them just make things up, some of them never even know what they are talking about.

Fiat, gold and bitcoin are means of payment - but each has its own market. In traditional economic life – fiat is king, gold is a commodity, while bitcoin is the alternative. You can use fiat anywhere - you can also sell gold or use it as a means of payment anywhere, but in some countries you are prohibited from using bitcoin as a legal tender.

The demand for bitcoin will continue to increase over time - it will become more popular among the public year by year. Adoption can be expected to be the best fundamental for hoping for a better future - but of course adaptation to its use cases still has to be patiently expected. Prices will always fluctuate - that is an inherent thing.

"...but each has its own market..."

That's by far the best answer I read in this thread. If someone is a Bitcoin whale and wants to pay a car or a house with Bitcoin where fees are insignificant, that someone might say that Bitcoin was the best money for that specific situation.

If someone wants to pay for a coffee and incurs $20 transaction fees on that day, surely Bitcoin is not the best money for that specific use case.

If someone wants to take cash with them on vacation, Gold is trash, cash can be trash if it is too much as the hassle at the airport is huge, and Bitcoin is simply invisible and essentially limitless in amounts. I often like to say that when it comes to mobility, Bitcoin is the best ever. You can take any amount with you without having to go through any hassle and chances are high you are able to convert it in many countries. I am not fully aware about the current distribution of Bitcoin ATMs globally, but for me it already worked out very well a couple of times.

As you said: each has its own market and it is very use case dependent.

Yes, almost everyone realizes that these 3 things have their respective advantages. However, when asking about money, we most often use Fiat. However, gold and bitcoin also have their respective advantages depending on their function. It's just that, nowadays, I very rarely see people making transactions using gold, because it is physical, and has a high price. As for bitcoin, I think it can be used as an alternative payment, or even an investment tool.

Go with fiat since this is useful currency to use on every transaction we made in real life since we need this currency to buy important stuff to live without having any problems. But if we talk about investment stuffs and other more than that then for proper security and somehow can also be consider as safe haven then go with gold since this will give us better profit, the price of this asset is rising and provably we could see it more. But for some risky valuable stuff and also a great choice then bitcoin is good with that but we need proper knowledge with this since we can only earn if we know how to deal with certain situations happen on bitcoin.

Overall with need all of this since if we can able to maximize those 3 assets usage then provably it will give us more better result compare if we became addicted to particular and erase the thoughts to try the other asset since we threat this as risky to go with.

Gold, Fiat and Bitcoin have their respective advantages and disadvantages, everyone has different reasons for choosing an instrument for storing money. If someone has no knowledge in the field of Cryptocurrency, perhaps they will consider gold as an asset worth buying.
The usefulness of these three instruments depends on the person who chooses them. You cannot force someone to follow what you choose because they also have their own reasons for making their choice. So far Bitcoin is my choice, that doesn't mean I won't buy Gold, both are very profitable storage places for me in maintaining value from inflation.

Looking at the nature of how many in the society make their choice of investment  three asset has there value in various way if settling most user need as some may not have what it take to accumulate gold it Bitcoin, but Bitcoin is becoming more viral and gaining more popularity now as many choices to invest and use it though I may not be correct but the last time I checked I hardly see people transaction gold in my location compare how they are adopting BTC, but three money has there value and is subject to certain changes as one can rise above others but individual investment is centered on the choice they make .

That is correct, so investing on them depends on our risk appetite and risk aversion. But obviously, if I have to  choose only one, I will stick with Bitcoin. Been here since 2017 and it's all very good results for me. And I learn how to be mentally patience in terms of investments.


Yeah, that's what I say, and I think majority here would really choose Bitcoin. Although I believed that there are individuals who's into Stocks before they join crypto space. But still though, there's nothing than be a Bitcoin holder and then seeing your portfolio grows in the bull run and making huge profits as compare to somewhat boring Stocks (no offense to those stock traders or investors).

Regarding utility, the most appropriate answer for the time being is “everything has its own market and everything has its own users” that's what I can conclude at the moment from the many comments I read in this thread.

In conclusion, everything has the right place and time in its use if it is pegged as a medium of exchange or on the same object, but speaking of effective mobility and the easiest efficiency is bitcoin, I really believe in it because I also have bitcoin pieces and I am free with the value of the money I have in bitcoin, there is no intervention there is no wealth control from anyone and only I can control it, because indeed in some countries we can exchange our bitcoin easily, but almost in all countries there must be bitcoin exchange service recipients, so what is there to fear, especially if we are on vacation in El Salvador.

Nono, _BlackStar got it correct already. You have introduced a redundancy now.

_BlackStar said "...but each has its own market...". If something has its own market, this already implies that there are users/consumers. I know this is nit-picking, but I thought I drop this post so if you think about it, you might get the idea. A market describes an environment where at least two actors transact with each other in some way.

Frankly, choosing which asset to invest in depends on each person's preferences and circumstances. Since not everyone likes decentralization, not everyone is willing to take risks, or not everyone has enough technological knowledge to choose bitcoin… there are many factors for us to consider and choose which property is right for us.

I would choose the same as you and it's bitcoin, but to be honest. The reason I invest in bitcoin is because I want to get rich and I'm not someone with a lot of money, so if I choose gold I won't be able to realize my dream. But if I'm rich, I will choose gold because then my goal is to protect my assets, not risk getting rich.



Like I said, the big profits are the reason many people will choose bitcoin. So which asset is best, which asset we choose will depend on each person's preferences and circumstances.

I personally go for Bitcoin or gold rather than fiat because if that fiat was all eaten by inflation I don't think people will still want it maybe they will find alternative like gold and Bitcoin which is proven to work as a form of money as well. Though there are differences but it all still depends on where our evolution really goes. If we go cashless then Bitcoin if there is an EMP attack  then gold that is how simple it is.

In covering this statement, it can be understood that these three instruments have their respective advantages and disadvantages, but in choosing I think Bitcoin is the main choice, it shows this, Bitcoin can go up or down, indicating speculation that it will rise in the next few years, so it can be owned as an investment for the future. future and it all depends on the assets you have

The same goes in my area, the adoption rate of Bitcoin is increasing but it cannot be debated if it's about the gold discussions here. There is still a lot of people that invests in gold and thinks that it's best for them. No problem with that if they think that investing in gold is a good investment for them because they are also thinking the same to us about investing to Bitcoin as our main investment. It's because not everyone understands what we're up for and they cannot be stopped unless they become curious and start to learn more about Bitcoin as an investment.

Fiat is good for daily use but you have to invest that to another asset as well so that it won't be inflated just as the normal path of fiat money. So, if you have a bunch of it either buy bitcoin or gold or even real estate. I think that this thread shouldn't even choose fiat as part of these assets but real estate which is also a good one for many investment choices. So apart from investing to Bitcoin, there goes the gold and most countries have their own gold reserve that's also backing fiat money. With that, it's a slash for the fiat money because it has a different use and purpose compared or it's much more precious to say that if we're going to have Bitcoin as an asset, it's something else compared to typical assets that we have.

We're in a Bitcoin forum and it's a sure thing that most of us here has got Bitcoin as our main choice. No further questions with that but just pure experience why the majority of us liked it more compared to gold. With comparisons, if you own Bitcoin, you own a digital gold and at the same time you also have the function of fiat that you can do for shopping.

Everything has pros and cons and they all have different use cases. But people always like to exaggerate bitcoin, badmouthing fiat and gold, but which doesn't make bitcoin any better.

What's more funny is that we are also using fiat currency every day in our lives, we also often give each other advice to diversify our investment portfolios and not put all our eggs in one basket. But we are talking bad about gold and fiat money, I really don't understand what people are thinking. Speaking ill of others has never made us better than anyone else, so why do we like to speak ill of others?

Is there anyone here who doesn't use fiat money or doesn't use a bank account? Is there anyone here who doesn't like gold? We use and depend on all three including bitcoin, all of which have their own use cases.

I agree. Necessity is the mother of invention, everything invented in this world is the result of some necessity so I cannot say that anything is useless. With time, human needs, concerns, and desires are increasing, so the intention is to invent new things, but it does not mean that the things invented earlier have become useless.

For those who call fiat money or gold worthless and prefer to store only Bitcoin, I have a question for them. Do you pay with Bitcoin to buy food in Asia? If not, then you need fiat Money all the time. Fiat Money has its own value and Bitcoin has its own value.

Similarly, when the market falls, if we sell bitcoins then we lose but if we have gold we need money we can sell it any time and fulfil our needs. Overall, each thing has its own importance and usefulness, I don't think that these things should be prioritized over each other or one called useless because of the other.

Let me start with the better money remark between Gold, Fiat and Bitcoin, all I know is that we should continue to use them in the best way they can serve us. There are ways/places where Bitcoin will be the key, it could be the turn of Gold in some situations, and the same thing goes for Fiat which is the most common, popular and useful of them all.

As for the quote above, I agree with the man 100%. You see, many of you guys whom this could be surprising to may have started trading and investing in the cryptocurrency era. But seasoned traders/investors will always have a similar view to this man's opinion. And if you've been reading my take on Bitcoin on this forum, you will realise that it is similar to his. This is despite having my investment in Bitcoin, I just do not want to be blinded by it.

Bitcoin is a very good asset, no doubt, but we need to take it easy as well and let time be the judge and not be too confident about it. However, for now, as of today, it is BULLISH!!!

To me, gold and Bitcoin fall into the same category as they are both solid forms of currency. Bitcoin has a limited supply, and gold's supply is also limited. Both serve as a store of value. Fiat currency is vulnerable to inflationary pressures, and it's rare to find anyone who prefers fiat currencies. Instead of carrying fiat currency, I use my credit card for all my purchases. When I have cash flow, I pay off my credit card and invest the remaining money in limited-supply assets like gold or Bitcoin...

The thing is, these three currencies or assets have different purposes and different dominances in the world. For example, fiat is used for everyday use, to buy something or to trade with something, while gold is an investment asset wherein it could have a higher value in the long run, and bitcoin, of course, is a new digital currency that is trending now and becoming more powerful and known in the world. So to measure which is the better currency, there's none because these three you have mentioned have different purposes in society and are important in the economy, so to consider which is better, it depends on the people. For crypto currency investors, bitcoin will be better than gold, but for some, gold is better because it's like a luxury to have gold, while for some, fiat is better because more fiat money means you are rich and feel wealthy, so for me, which is better depends on the people themselves.

Not only in Asia, anywhere in the world, using bitcoin as a payment method is still not popular and not recognized. There are only a few stores and companies that use bitcoin as a payment method, but that is not enough to say anything. Also, I wonder how many bitcoin payments have been made in places that already accept bitcoin payments? Are there any companies or stores that use bitcoin as their sole payment method or is it just a backup method?

As for gold, it has been around for thousands of years and has a market capitalization of over 15 trillion. It remains one of the most sought-after assets by countries and the super-rich, but it's funny how some people consider it useless.

I'm also a bitcoin investor but I really can't agree with some people spending their time talking bad about other assets and exaggerating about bitcoin.

But at the end, the three are being used to measure value and as a way to exchange it, so we can compare them and decide according to our specific needs which one we prefer, the massive advantage fiat has over gold and bitcoin is the fact that governments impose by mandate that any person on their territory accept them no matter what, but in most other aspects fiat is quite inferior to gold and bitcoin, which is why they are often mentioned as alternatives to the current fiat system.

As mentioned in all around the world bitcoin is not popular method, and recently we are having too many troubles as well even few are feeling these all are ok but with these delays and problems things are going on wrong side so just because of these peoples are feeling comfortable with the other solid methods which are working for centuries and having solid value as well like Gold, but I am not going with Fiat as this is not good option and having bitcoin instead of this better.

With usually I am now using electronic methods which are popular and also having quick way of reaching all around without any problem and want to have things for the bitcoin as well because in our country we are much behind in use case of this and having no bitcoin ATM is also problem but if in near future we will have things like these surely we will be felt comfortable with this.

When you say better money, I’ll say Bitcoin and Gold. My reason is simple and common; Fiat already has its downside of being printed every time and every year. This is why there is and will always be inflation. But Gold isn’t like that and Bitcoin too has its fixed total supply. That to me is better money. Money that can be worth more in the future and maybe you can do more with it instead of doing less (like fiat).

money is used as a transaction tool, while gold and bitcoin are used as investment tools. For transaction tools I prefer fiat money, while for investment I will choose gold and bitcoin. I won't talk about who is the best between the two because investing in gold and bitcoin both have advantages and disadvantages. investing in bitcoin is very volatile, although you can make big profits in a short time, you can also lose big in a short time. While investing in gold is safer because the price of gold is more stable, you cannot get big profits like investing in Bitcoin.

Yes, all 3 have pros and cons and have different use cases and above all, all 3 are necessary for us. So what is the use of comparing and speaking ill of them if we are still dependent on them?

No matter how bad fiat is, can we stop depending on it and stop using it ? No , we would not exist without fiat as it remains the main currency in our economy.
Gold is a stable asset that does not offer high returns like bitcoin, but when we want to hedge our assets, we want to diversify our asset portfolio to minimize risk . If we don't use gold, what options do we have to diversify our asset portfolio?
Ultimately , bitcoin is a volatile asset and we can take advantage of that to grow our wealth quickly .

I own all 3 and feel satisfied so I don't like to compare and badmouth any type of property.

That printing scenario of every country just to sustain their status during those crises like in pandemic really have pushed into higher inflation.

And in that case, fiat money is not that good in preserving wealth. It's purpose is mainly is a tool to be used for buying and selling but not for retaining and keeping your wealth.

If it's with the latter purpose, there is no doubt that Bitcoin and gold play better for that matter but for us, it is Bitcoin.

They can all be spent, and to me, one of the main purposes of fiat is to spend it compared to others that have an appreciating value if they are kept as an asset, and the government issues fiat for buying bitcoin and gold, not all countries recognize it as a legal tender. Still, personally, it can be used, anyone can decide that they accept bitcoin or gold for their commodity, and because of that opportunity of the value going up, people prefer to for assets than even keeping fiat. Bitcoin is one of the most patronized assets is not more than Bitcoin people have tested the wealth that Bitcoin comes with people are diverting from even gold to Bitcoin and if you look at the total market cap you will understand exactly what am talking about. Bitcoin has a lot of investors and the bitcoin market cap keeps increasing every blessed day. if not for tax, that is the only way i can say that the economy is benefiting because not all governments invest or want to invest in Bitcoin. and all the purposes of these three will depend on what it has been used for.

Gold, Fiat and Bitcoin for me are three important sources of creating value. Even though the principles are always contradictory, gold and Bitcoin are measured by the value of fiat itself. This has become a common benchmark and ultimately the profits from gold and bitcoin create double the value compared to fiat. So I selected them all in the order gold -> bitcoin -> then fiat.

I may have missed many quotes from this book, but the fiat group will always prioritize fiat, the gold group will always feel superior in maintaining its value, and Bitcoin is a financial revolution that for us Bitcoin is the only one that can perfect the value system for gold and fiat.

If you talk of wealth, you really don’t hold fiat as say you’re wealthy. The best thing to do is to invest in as many places as possible. Because then you have assets that aren’t negatively affected by inflation. As things cost more, so will your assets cost more, leaving you with nothing to lose. But fiat, you’d have $5M and in years (based on the intensity of inflation), it would seem to be worth $3M.

      All of that is what each of us hopes to have, so we will always prioritize what will be easy for us to get. Like for example I know for myself that I get earnings in bitcoin or cryptocurrency, I will obviously prioritize the field of crypto here.
 
     When you earn a large amount and can afford to buy Gold, why not, right? And if there is more than the profit obtained from performing crypto trading we can also keep savings for the future as well. All of those can be considered an investment for me.

While the volatility that gold gets isn't that much and it's the preferred investment of many traditional investors. The risk that Bitcoin has is certainly worth it to take.

But we're not the same kind of investors and I agree that if an investor has to go with the safe route of investing then gold is the choice that they need to have.

Big gold investors can still get profit from it but it takes time compared to the span of how bitcoin moves.

That is so true. The rich don't hold vast cash on their bank accounts but they're all in the stocks, real estate and other investments that they have.

And you have just said perfect example about what inflation is with fiat. The value of it decreases although the quantity isn't if you save it on your bank account.

While with Bitcoin and gold, they're appreciating and their value goes up.

That is because traditional investor doesn't know what they are doing, and that's an important part of the question as well. I think gold is not a bad investment by the way, I think it's a quite good one, I am just saying that we are not going to end up seeing anything marginal with it, it's quite normal and nothing shocking.

I believe that the best thing we could do right now would be just focusing on how bitcoin is far superior if the intention is to make money, and there are a lot of people who do not realize that. I think because of this, we should be considering how to make money in a better way, we should consider getting that done and probably will do a lot better in the end as well. Gold is great, but bitcoin is simply better.

This is something that some people still don't understand at the moment, so there are still people who like to save fiat money and they even still put it in banks. For me it is very funny when they don't use the money, but rather entrust it to the bank to keep it. Even though he can turn the money around in business and also invest in assets in several places to be able to get a bigger profit in the future than just saving it without turning it over at all. And I think people who still have thoughts like that should read more about proper education about how to manage money and also how to multiply money through investment so that they can be helped a little by inflation conditions.

You're speaking like you don't have no fiat at all in your account, I'm not sure unless you have a security vault at home to yourself where you keep money everyday. The thing is that saving some fiats isn't something that is bad provided that you do it in small quantity against emergency, you can also keep some to pay cable bills, keep some to pay delivery and also for emergency medical bills, this situation is can't be deny unless you leave in a village and not a remote area.

It's only bad when you save all your money because you don't want to use the money for that time and you entrust it into the hands of the banks, this is not helpful at all because your money is going to lose value and the banks will be the one using it for investment, and after some years of savings, you will found out that th money has reduce some value most especially if you are coming from a country that has high inflation, what you bought for $1 will be selling for $1.5 after sometimes.

I don't think that they don't what they are doing, actually they know what they are doing.

Gold is a good one and it has been there for so long but even with that, I don't have it and chose to invest more in BTC because I know it more and I am more familiar with it.

I agree, we're the same on this and 100%.

Well, I do not see it that way. People who save their money in fiat shouldn’t be blamed because it only they knew better, they’ll make changes and do better. The only reason you can speak this way is because you have learnt the better way and before now, you were no different from them. And education doesn’t teach one to invest, rather teaches what we’re seeing today.

The only big real point in favor of FIAT is liquidity which can be important to an economy.  Obviously politics favors itself in this respect and the control given to the ruling regime.

Gold cannot be duplicated or invented except by exact known processes so it has been seen as the most genuine of currencies.

Bitcoin is obviously best suited online to the modern age and many think it will take over completely for that reason; imo some combination of all three continues but with a vastly different balance to the present seems likely as we see the flaws in FIAT unfold.

The most original currency because it is indeed very difficult to get it.
But gold cannot be divided into small amounts and is difficult to use as a currency for a day.
Gold also has the disadvantage of modern payment systems now using Fiat as a means of payment that is easier to do.
Gold is also said to be a "SAFE HAVEN" asset that can be a good hedge and resistant to inflation.

And about what combination you mean, all three have their own weaknesses.
Bitcoin is indeed suitable as a decentralized online currency and cannot be regulated by anyone.
But the disadvantage is in high volume, which will result in fairly fast price fluctuations.

So in conclusion, each has advantages and disadvantages that complement each other and of course Bitcoin is a more revolutionary asset and is still being developed.

Whatever people can say is according to their individual interests and if you are able to study the best then gold and bitcoin are the choices.
Let's look at it simply, gold has resistance in terms of value even though the profits are stable and vice versa with bitcoin, this asset is quite speculative but can provide quick profits when people dare to hold it.

Then when it comes to money, it will continue to depreciate and its value will continue to decrease in the long term. Money in the commodity definition is certainly much better than the two because currently almost all people use money to make purchases.
But if we talk about long-term use as a measure to maintain value, gold and bitcoin are much better because they have strong resistance compared to money.

Gold and Bitcoin are the two best investments with the same goals and different paths, so these cannot be equated, Bitcoin with its large percentage of profits in the future and Gold with its price stability which makes this investment liked by many people, there are many advantages and strengths between the two, but what is certain is that each investment has a percentage that is worth it between possible profits and losses.

It is true, money is an interest and use in everyday life, I think this will be different from investment and if someone intends to collect as much money as possible without doing anything, it is a mistake because inflation can cause harm to the holder, even if it is only a little.

Everything has a certain value, and they are all equally good, it depends on what kind we want, if you want to invest for the long term it is better to choose Gold and Bitcoin, because they have high value in the future, if Fiat money is for our daily use and for our buying and selling needs, when we have a lot of Fiat savings it is better for us to use it to buy Gold and Bitcoin rather than saving it which will end up being affected by inflation, Gold and Bitcoin are safe from inflation so it will benefit us in the future, by investing in Gold and Bitcoin, that's the right way.

If you want to pursue a profit percentage then Bitcoin is the right choice, but if someone wants a safe investment then gold is the choice.
The profit percentage for the two is different because bitcoin is speculative so it can provide large profits in certain periods. Gold does not have advantages in this regard because gold tends to be stable.
Everything that involves money has a certain level of risk involved and the most important thing is how we can maximize that risk to make it smaller.

Saving money for the long term will never be productive because money cannot provide benefits without being used in more productive places such as investment or business.


For long-term users, we must understand the impact produced and when we save whether the money can provide maximum benefits, while in the long term the money will continue to lose value.
If bitcoin and gold are an option then do it responsibly and most importantly don't pushed outside beyond your ability to be responsible.
Bitcoin and gold have the ability to maintain value so investing in both can protect the value of the currencies we own.

For daily use, of course, I'll choose fiat. Even though cryptocurrencies like Bitcoin can be transacted in small amounts using satoshi, what if only a small percentage of people accept it as payment? Forget Bitcoin, even digital wallets are still limited in my country; most people still prefer cash. As for investment, I won't use fiat; I choose to save it only for an emergency fund, no more.

For saving my wealth from inflation, I'll prefer gold because my goal is just to preserve my purchasing power, not to gain additional profit. And for getting a potentially high profit, I'll choose Bitcoin because you already know that cryptocurrency can give very high profits, especially memecoins, but the risk is quite high too. So, in my opinion, I'll choose all three, and I can't choose an all-in-one solution.

Yes, in fact, every day the largest user of money is Fiat, and I think the percentage of Fiat usage is higher than gold and bitcoin. However, if people were asked for the same amount as $100 fiat, $100 gold, or $100 bitcoin, then the largest percentage would likely be fiat. So, if we discuss the most popular and widely used money or medium of exchange, then fiat is the winner. However, if we return everything to its function, then they all have their own advantages and popularity.

Both gold, fiat and bitcoin as a medium of exchange or as a currency depending on the use of each individual.
For me, gold is no longer used as a currency after Fiat is an agreed payment tool. Gold has become an asset that is stored because of its different values ​​from Fiat which continues to decrease due to inflation.

The presence of Bitcoin is the best alternative. Yes. Bitcoin as a currency that can be used as a means of payment very easily can also be used as a long -term investment asset. Slowly, intelligent thinkers have begun to recognize that Bitcoin is better as an alternative currency because the system is transparent and even becomes an asset that can be expected in the future.

However, the interested parties continue to argue that Bitcoin is far worse because it can be used for bad actions.

You think that the percentage of fiat usage is higher than gold and bitcoin? Of course it is higher. You are basically talking about all of the nations' currencies together, versus gold and bitcoin. What other option was it going to be?


Keep in mind that as Bitcoin gets more adoption the speculation will become less and less. But we are a long way from that.