Is gold better than Bitcoin?

[fenican]

Just a note that you should prefer Silver over Gold right now. A few reasons:

1. Look at the ratio of Gold to Silver. When that gets high by historical standards, like now, Silver is usually the better value.
2. Silver has industrial as well as monetary/jewelry value so there will be demand even if people stop investing in it
3. Gold is likely in a "bubble" right now. If we extrapolate long term trend it should be $400-$500 an ounce not $1200
4. Silver, by contrast, is trading at historically normal and arguably low rates. It has come way down from its recent highs.

Bitcoin v/ Gold is kind of Apples to Oranges. I would argue both are in a bit of a bubble but Bitcoin is much less predictable since it could either die a horrible death or take off and become a big player in global finance. Generally, I think Gold would be the safer store of value but Bitcoin certainly has far more appreciation potential. Bitcoins could go to $100,000 a coin but Gold won't go to $100,000 an ounce.

[markj113]

Just a note that you should prefer Silver over Gold right now. A few reasons:

1. Look at the ratio of Gold to Silver. When that gets high by historical standards, like now, Silver is usually the better value.
2. Silver has industrial as well as monetary/jewelry value so there will be demand even if people stop investing in it
3. Gold is likely in a "bubble" right now. If we extrapolate long term trend it should be $400-$500 an ounce not $1200
4. Silver, by contrast, is trading at historically normal and arguably low rates. It has come way down from its recent highs.

Bitcoin v/ Gold is kind of Apples to Oranges. I would argue both are in a bit of a bubble but Bitcoin is much less predictable since it could either die a horrible death or take off and become a big player in global finance. Generally, I think Gold would be the safer store of value but Bitcoin certainly has far more appreciation potential. Bitcoins could go to $100,000 a coin but Gold won't go to $100,000 an ounce.

1 - Silver is a bargain at the moment but not in the EU where you get hit with VAT on silver but not gold
2 - It is an industrial metal, but is that a good thing if we are about to enter global recession?
3 - But you have forgotten to factor in quantitative easing, NIRP & ZIRP - traditional monetary policies are dead and gone.

Gold is up 20% year to date and thats just the beginning, we will hit $3000/oz within 2-3 years.

China and russia as well as the wealthy are currently throwing cash at gold driving up the price, came cant be said for bitcoin.

Where do you think all that additional cash is going to come from to drive bitcoin to $100,000?

The biggest problem is people here expect to buy a couple of bitcoin or a few oz gold and sit back and watch them go to the moon and become millionaires overnight with no work.

Not going to happen unfortunately.

[Shibashi Dogemoto]

Bitcoin is getting better and better now,  the best thing is that price is rising and it will much higher in future and it bitcoin also have an potential to overtake gold in future.

[markj113]

The best thing going for bitcoin at the moment is just the halving.

Not exponential growth, not mass adoption, not some new killer application just a reduction in supply which is a big shame.

[streazight]

Gold is better than bitcoin

[Winoc]

I think bitcoin is better than gold after reading few articles on it. I am very much impressed with bitcoins.

[lakuf]

It depends on the person where talking about. Bitcoin is way more easy to spend than gold while gold has been here for way much longer and can probably see tons more years.

[Drakrmaster]

I would love to sell gold for bitcoins because the numbers on in my wallet makes me feel better

[randy8777]

The best thing going for bitcoin at the moment is just the halving.

Not exponential growth, not mass adoption, not some new killer application just a reduction in supply which is a big shame.

yep, right now it's the block halving that people eat and dream about here in this forum. as always it's the greed that takes over. people only care about the block halving price increase and that's it. there is nothing else to talk about for them.

[shinratensei_]

The best thing going for bitcoin at the moment is just the halving.

Not exponential growth, not mass adoption, not some new killer application just a reduction in supply which is a big shame.

yep, right now it's the block halving that people eat and dream about here in this forum. as always it's the greed that takes over. people only care about the block halving price increase and that's it. there is nothing else to talk about for them.

too much people expecting the big price rising caused by halving when they don't even realize that if people keep holding their bitcoin,it'll affect the market and when halving comes,they will sell it so the price falling a lot

[BlackPanda]

Gold is a long term investment. and bitcoin is a short-term investment. it depends on you. I think both are very profitable investment.

[newcoins1978]

Gold is a long term investment. and bitcoin is a short-term investment. it depends on you. I think both are very profitable investment.

Both are long term investments when you consider them as an investment. But remember that bitcoin is mainly money, meant for spending and so on. Gold also have a nice feature since it is also a fashion item.

[socks435]

I think its differet bitcoin is not so long term only gold it needs more years to see the value is high.. bitcoin has a fast movement unlike gold..
They are the same good investment so for me i will choose this two..

[GreenBits]

Gold is a long term investment. and bitcoin is a short-term investment. it depends on you. I think both are very profitable investment.

Both are long term investments when you consider them as an investment. But remember that bitcoin is mainly money, meant for spending and so on. Gold also have a nice feature since it is also a fashion item.

Gold has been used as money (still is) since the dawn of civilization. Bitcoin has been around for less than a decade. I will say that all "purchased" bitcoin is an investment, due to the inherent risks associated with the asset. If you earn it, even though you have purchased it with time, slightly different scenario.

Also, gold isn't that attractive at its current price.

[BTCLovingDude]

i don't think it is entirely right to compare gold and bitcoin together. both of them have similarities as an investment so you can compare them in that aspect but bitcoin is much more than just an investment so that makes it different from gold, different better that is.

[HarryKPeters]

i don't think it is entirely right to compare gold and bitcoin together. both of them have similarities as an investment so you can compare them in that aspect but bitcoin is much more than just an investment so that makes it different from gold, different better that is.

Correct their are similarities; mining, investment etc. but they are also very different. Bitcoin is mainly meant for creating transactions, alas being a payment method (a currency). While gold is used to back up currencies, since it is very stable.

[bitcoin-hunter]

i don't think it is entirely right to compare gold and bitcoin together. both of them have similarities as an investment so you can compare them in that aspect but bitcoin is much more than just an investment so that makes it different from gold, different better that is.

Correct their are similarities; mining, investinet etc. but they are also very different. Bitcoin is mainly meant for creating transactions, alas being a payment method (a currency). While gold is used to back up currencies, since it is very stable.

Perhaps you are right, but people will always compare things with each other. And since they carry similarities it's not more then logic to compare them. It's too bad that bitcoin will lose since gold is the 'master'. But don't feel sad: the EURO, Dollar etc. will also lose.

[torrentheaven]

i don't think it is entirely right to compare gold and bitcoin together. both of them have similarities as an investment so you can compare them in that aspect but bitcoin is much more than just an investment so that makes it different from gold, different better that is.

Correct their are similarities; mining, investinet etc. but they are also very different. Bitcoin is mainly meant for creating transactions, alas being a payment method (a currency). While gold is used to back up currencies, since it is very stable.

Perhaps you are right, but people will always compare things with each other. And since they carry similarities it's not more then logic to compare them. It's too bad that bitcoin will lose since gold is the 'master'. But don't feel sad: the EURO, Dollar etc. will also lose.

If gold will rise in future then bitcoin also has an potential to go higher in future, its just a matter of time and we will see much better bitcoin in future.

[rababo]

For now, I think bitcoin is better than gold. I can make quick profit with bitcoin because the price is quite volatile.

[exadex.org]

Both is cool. But as currency, bitcoin is better than gold.