Is gold better than Bitcoin?

[ning_chang]

A lot of people seem to think gold is the answer to all our problems. Every time the economy takes a turn for the worst, people turn to gold. {They invest in gold to hedge against these problems} If you

do not buy physical gold items/ornaments/jewelry/gold bars ... you still have ZERO protection against anything. It is just a piece of paper and a ledger entry on a private database. People seem to think

that there are tons of gold stored in secret vaults under government buildings. Is this true? https://www.youtube.com/watch?v=gZcRk7UClO4 { There are no proof of this and audits in the USA are about

60 years old. } You have the only entry to your investment, when you invest in Bitcoin. { The private key } The proof that it exist, is on a public blockchain.... 

of course, more expensive than gold so those bitcoin. as my opinion only. 😂

[md1120]

gold's price/value increase always but slow
btc price/value can rise very past but it may goes down

you can sell btc any time w/o finding a buyer
you need to find a buyer to sell gold

[tampazeus]

i think there is no comparison between bitcoin and gold. gold has its own value and bitcoin has its own value. i think we should not compare it with each other.

But you need to compare when it comes to investing money, as you will invest only in that product that can give your best returns in future, so I will choose gold over bitcoin as gold will always survive.

[pandalion98]

Bitcoin and gold are completely different things in my opinion. I don't think comparing them would provide much benefit.

But in comparison, gold is a physical thing and will always be there even when the power goes out. I don't think bitcoin would be too useful if it's a post-apocalyptic scenario where the global power grid is down.

[abugseuf]

i think bitcoin has its own place and gold has its own place. we should not compare gold with dollar.

[Herbert2020]

Bitcoin and gold are completely different things in my opinion. I don't think comparing them would provide much benefit.

But in comparison, gold is a physical thing and will always be there even when the power goes out. I don't think bitcoin would be too useful if it's a post-apocalyptic scenario where the global power grid is down.

although i agree that gold and bitcoin are not the same thing but the reason for comparison is because they are both a method of investment and they are attracting a lot of speculation. and if you are just making an investment as in just buying and holding to sell on high price then they can be the same. but if you buy bitcoin to use it as a currency then they are not at all similar.

[bitdumper]

keeping gold is quite risky on all the generations :p . i mean in old age we are scared of pirates and theives and now we are scared of theives. but with a bitcoin wallet i am fully satisfy that it will not be stolen easly

[biggbox]

keeping gold is quite risky on all the generations :p . i mean in old age we are scared of pirates and theives and now we are scared of theives. but with a bitcoin wallet i am fully satisfy that it will not be stolen easly

Unless your gold coins are dated 500 years old and recovered from a ship wreck. Its a different story then :p

[Schuyler]

Gold will always hold value, wherever you go. With the stability of the gold's price, many are still putting their investments on gold. Right now, gold is still better than btc because of it being generally accepted as more valuable than any kind of digital currency available.

[Enotche]

When it comes to the amount of money, enough to buy a normal house or something more, there's not difficult to make an adequate comparison.
For the purchase value of the house at $ 200,000 you need about 12 pounds of gold. Then you need authentication, to know exactly Do not fake it with a metallic tungsten inside - such a nuisance was fairly common problem in recent times. Then you have to take care of health and insurance, in order to move it.

 If you move an even greater number, and across the state border, you will also have to declare it and pay all kinds of special charges and fees in addition to the even higher cost of security coordination. Then add to this the cost of currency conversion (after all, how many people who are willing to accept gold directly as payment in full?) - All of these additional transactions will cost you between 10 to 15% of the value of your gold. If we are talking about the house worth $ 200,000, and this house is in another country, you will need 2 more pounds of gold to cover overhead costs.

Bitcoin can be transported anywhere in the world where there is Internet access. He travels with the speed of light. In fact, he does not need to move, because it is placed in the public ledger. You can transport it across the border without any effort as simple as your memory. Paper purses may just be a set of numbers, small enough to fit on a piece of paper the size of a cookie. Hundreds of thousands of places will accept bitcoin to pay to convert it into cash without having to. This can be done using a smartphone.

Bitcoin is better and more convenient than gold.

[blackmachinegun]

better support bitcoin than gold because not everybody own gold and limited , not like bitcoin any time you need it you could buy and have it and used to quick transactions, if the demand of bitcoin increase the  bitcoin price go higher.

yeah not everyone has the gold. I also do not have any gold. maybe buy gold too difficult thing. you have to go to a store of gold and requires a lot of money in your pocket
different if you want to buy bitcoin. you just need an internet connection and you can purchase or find bitcoin easily

[tabas]

keeping gold is quite risky on all the generations :p . i mean in old age we are scared of pirates and theives and now we are scared of theives. but with a bitcoin wallet i am fully satisfy that it will not be stolen easly

Unless your gold coins are dated 500 years old and recovered from a ship wreck. Its a different story then :p

Yeah that's a different story and you can be millionaire instantly or not even millionaire but billionaire depending on the volume of gold coins you are
going to get from that ship wreck. I just remembered the news that a guy got chess with gold coins inside and you know what where did he got
the chess that's full of gold coins? In his backyard. 

[skyway1]

i think bitcoin and gold is too difference  from each other ,  and gold price slowly increasing day to day and bitcoin price going to increase faster daily if you want to invest your money one of them, then Bitcoin is better than Gold .

[bryant.coleman]

keeping gold is quite risky on all the generations :p . i mean in old age we are scared of pirates and theives and now we are scared of theives. but with a bitcoin wallet i am fully satisfy that it will not be stolen easly

Lol... Bitcoin is more prone to robbery and stealing than any other asset in this world. Every year, at least 4% to 5% of the total BTCs in circulation get stolen by hackers and wallet thieves. Remember the Mt Gox robbery by Mark Karpeles? Some BTC650,000 vanished without a trace (at that point of time more than 5% of all the coins). And what about the Sheep Marketplace hack? Some BTC220,000 were stolen by Thomas Jiřikovský.

[grandpix]

i think bitcoin and gold is too difference  from each other ,  and gold price slowly increasing day to day and bitcoin price going to increase faster daily if you want to invest your money one of them, then Bitcoin is better than Gold .

But you can't lose gold as easily as having a arddrive/USB stick get corrupted, or accidentally mistyping a bitcoin address.

[fkvidar]

i think bitcoin and gold is too difference  from each other ,  and gold price slowly increasing day to day and bitcoin price going to increase faster daily if you want to invest your money one of them, then Bitcoin is better than Gold .

But you can't lose gold as easily as having a arddrive/USB stick get corrupted, or accidentally mistyping a bitcoin address.

You cannot loose gold easily for sure, but it can be stolen, and you cannot carry huge amount of gold with you but no one will be aware what amount of bitcoins you are carrying in your digital wallet.

[sobsitesearch]

For me yes, gold much better than bitcoin its because the value of gold not decreasing while it always increasing every timea goes by but the value of bitcoin is not stable you can not predict if itis profitable in the future.

[machinek20]

For me bitcoin is better than gold, it is true that gold is more stable than bitcoin and can be said more popular and accepted globally than bitcoin, however bitcoin can become quite profitable for a short term of investment

[bitsoldiers]

for me gold is stable...but as for bitcoin its not stable, the stableness of bitcoin cants be predicted...but gold is cool...but i believe in near future bitcoin will be stable for and will be trusted and used globally...

[mishra1994]

For me bitcoin is better than gold, it is true that gold is more stable than bitcoin and can be said more popular and accepted globally than bitcoin, however bitcoin can become quite profitable for a short term of investment

Yes if i had to select from both of them i would select bitcoin 100 out of 100 times and not gold.We can use bitcoin to pay a person in other country almost instantly paying a negligible fee also we can own pretty small amount of it even few satoshies but in gold big capital is required for owning it.