Bitcoin vs. Gold

[ulhaq]

I wouldn't compare Bitcoin with Gold, but people insist on doing that (even calling Bitcoin the "Digital Gold" which in my personal opinion is not. However Bitcoin still has a lot of inherent value for diversification purposes.

Why wouldn't you compare bitcoin with gold? People use bitcoin as a store of value and people use gold as a store of value. So someone in that situation needs to make a decision. If you don't feel they are appropriate uses, then what should someone use as their store of value?

[ulhaq]

Gold, doesn't seem to do much for most of the time, but thats good, it brings safety and security to balance out the high risk of Bitcoin. But heres the thing... as Bitcoin rises is popularity, peoples trust in banks will fall, this will drive up the price of gold massively over the next few years.

It will drive up the price of gold, or drive up the price of bitcoin still further?

[ulhaq]

Why compare bitcoin and gold? Let's leave it as it is. Let there be also bitcoin and it will be valuable in the new world, so also let gold remain that is valuable in the new and old world)

Because people have to make decisions what % to invest in gold and what % to invest in bitcoin.

[BTCforJoe]

Why compare bitcoin and gold? Let's leave it as it is. Let there be also bitcoin and it will be valuable in the new world, so also let gold remain that is valuable in the new and old world)

Because people have to make decisions what % to invest in gold and what % to invest in bitcoin.

False. Actually, I guess this could be true... I used to trade gold and forex, but I do not any longer. So my decision between gold and bitcoin percentage? 0% investments in gold and 100% into Bitcoin.

But seriously, it doesn't state anywhere that you have to only use gold or bitcoin as a store of value. I think you're putting too much unnecessary focus on only choosing between bitcoin or gold. Why so serious? 

[ulhaq]

Why compare bitcoin and gold? Let's leave it as it is. Let there be also bitcoin and it will be valuable in the new world, so also let gold remain that is valuable in the new and old world)

Because people have to make decisions what % to invest in gold and what % to invest in bitcoin.

False. Actually, I guess this could be true... I used to trade gold and forex, but I do not any longer. So my decision between gold and bitcoin percentage? 0% investments in gold and 100% into Bitcoin.

But seriously, it doesn't state anywhere that you have to only use gold or bitcoin as a store of value. I think you're putting too much unnecessary focus on only choosing between bitcoin or gold. Why so serious? 

Ha, so you agree with me. A decision for 0% gold means that you favor bitcoin. It is still a decision you had to make.

I only mention store of value because that is why most people compare bitcoin and gold. I think real estate is a candidate as well for store of value. And bitcoin (and other crypto) for appreciation.

[danggoron]

Basically bitcoin and gold have their respective advantages and disadvantages. Rather than debating which one is better, I prefer to combine those two things, gold and bitcoin. Bitcoin or altcoin as a means to get profit, then the result to buy gold as a long-term investment, and more stable (safe) because it has real value.

[muratsink]

I would very much choose the bitcoin to invest from gold, because gold would only look luxurious to be worn by women, gold investment for women and bitcoin investments for men and women.

[4U]

I wouldn't compare Bitcoin with Gold, but people insist on doing that (even calling Bitcoin the "Digital Gold" which in my personal opinion is not. However Bitcoin still has a lot of inherent value for diversification purposes.

Why wouldn't you compare bitcoin with gold? People use bitcoin as a store of value and people use gold as a store of value. So someone in that situation needs to make a decision. If you don't feel they are appropriate uses, then what should someone use as their store of value?

I will prefer bitcoin on gold because in gold I always lose it never give me profit because I try gold so many time but it don’t work from me then I decide to join bitcoin and since I join bitcoin so it return my money which I lose in gold because when you will buy gold and then keep it in hold so even when its price go high and you want to sell so there will be a deduction from your gold and in bitcoin will take a profit when its price go high.

[redsun114]

I think,Bitcoin compared with gold, not long enough, not after the baptism of time, so not enough gold stability.

Not for a moment you were wrong in your words. Gold and digital gold both have their own importance and definitely everything has its own pros and cons. Bitcoin is the best investment tool that I have known so far.

Nothing is better than bitcoin when it comes down to earning profits. The holder can make huge profits in a short span of time. However, we cannot use bitcoin in jewelry and also, where is all the gold?