Is gold better than Bitcoin?

[relq]

At this point in my opinion, we cannot compare bitcoin to gold.  In terms of history and trust.  Gold had already  established its value in the market while bitcoin is just starting to establish, it hasnt even rooted it's foundation yet in terms of government trust and economic purpose.  While gold had been around for centuries and proven it's worth already.

I agree with you. Gold is known by all people since long time ago and every people in the world will know what is gold, in the other hand bitcoin is still "new", because many people still don't know what is bitcoin. I think gold is far better than bitcoins.

[entrepmind23]

I think for now gold is better than bitcoin because gold has already established a track record and people know what is gold and that it can protect them or its like an insurance for them if they have money problems, they can always sell the gold  in exchange for fiat and it has higher value than bitcoin. But when bitcoin will be of higher value than gold and it would be more popular then  it would be better than gold because you can carry it wherever you want and no one knows that you have a lot of money since its anonymous.

[legdunes]

Gold will remain better than Bitcoin until the time comes that purchasing Bitcoin can be done in normal ways such as with a credit card. I know there are a few options to do this but they are in no way ideal, I don't want to create an account at an exchange are be charged huge fees. I simply want to go to a site, choose the amount to buy, enter CC details and it's done.

The very thing holding Bitcoin back is the mind set and mentality of the vast majority of its users. I do like Bitcoin and see the potential but ease will always win out in the end. Having to do a bank transfer to buy Bitcoin is a huge hassle and not secure. I still believe in the old adage of 'buyer beware' so I will secure myself as a buyer. If I became a seller I would expect buyers to take on the same approach, as a buyer it's your risk not mine.

[iqlimasyadiqa]

honestly very difficult to choose between them. but if I want to invest in a short period of time then I would choose bitcoin.
but when I want to invest in the long term then I would choose gold. all of it in accordance with our conditions.

[ObscureBean]

At this point in my opinion, we cannot compare bitcoin to gold.  In terms of history and trust.  Gold had already  established its value in the market while bitcoin is just starting to establish, it hasnt even rooted it's foundation yet in terms of government trust and economic purpose.  While gold had been around for centuries and proven it's worth already.

In that case, I would choose gold if I have been given a chance between the two.
And I think gold is more of "limited" than bitcoins where it can be mined.
Gold can be mined as well, but not as vast as bitcoin.

No, you are wrong. Bitcoin is very much limited when you are comparing to gold. Bitcoin has definite supply whereas gold make continue to be mined with new mines so no one will come to know when gold mining will come to an end whereas bitcoin mining will come to an end after ~150 years.

Yes but you forget that the total number of Bitcoins that can be mined is not really immutable. The 21 million is an arbitrary, self-imposed limit, if one day the Bitcoin community decides that more Bitcoins is desirable, a simple change in the code could increase this limit.  Whereas gold rarity is not dependent on human whim.

[stepwilli]

honestly very difficult to choose between them. but if I want to invest in a short period of time then I would choose bitcoin.
but when I want to invest in the long term then I would choose gold. all of it in accordance with our conditions.

Gold may double your capital in long run like after 10 or 15 years whereas bitcoin will multiply your total capital amount in 10 times as per previous returns of bitcoin investments. So, choosing bitcoin must be must be a wise decision here regardless of your target of short or long term returns expectations.

[TastyChillySauce00]

honestly very difficult to choose between them. but if I want to invest in a short period of time then I would choose bitcoin.
but when I want to invest in the long term then I would choose gold. all of it in accordance with our conditions.

Gold may double your capital in long run like after 10 or 15 years whereas bitcoin will multiply your total capital amount in 10 times as per previous returns of bitcoin investments. So, choosing bitcoin must be must be a wise decision here regardless of your target of short or long term returns expectations.

you must've been forgotten about the volatility characteristic of bitcoin,even you sure that in 10 or 15 years bitcoin will rising about 10 times as you say but doesn't guarantee it will become real and keep in mind that there's also price falling that could make the price that's before rising and goes down at the beginning point

[MWesterweele]

For now, gold is still better than bitcoin. It is more easier to sell gold to anybody. Everybody knows about gold unlike bitcoin but there will come a time that people will run after bitcoin like gold.

How did you say so? that gold is better than bitcoin ? for me its hard to find bitcoin you need to mine it in mountain or what ever place you called it in bitcoin is much more easier to find in internet and you could just easy to sell it too in exchange website so for me bitcoin is much more better than gold.

[kateryana81]

honestly very difficult to choose between them. but if I want to invest in a short period of time then I would choose bitcoin.
but when I want to invest in the long term then I would choose gold. all of it in accordance with our conditions.

Gold may double your capital in long run like after 10 or 15 years whereas bitcoin will multiply your total capital amount in 10 times as per previous returns of bitcoin investments. So, choosing bitcoin must be must be a wise decision here regardless of your target of short or long term returns expectations.

you must've been forgotten about the volatility characteristic of bitcoin,even you sure that in 10 or 15 years bitcoin will rising about 10 times as you say but doesn't guarantee it will become real and keep in mind that there's also price falling that could make the price that's before rising and goes down at the beginning point

Yes, there is no guarantee for the growth of bitcoin after long waiting, but we should not ignore there is no such a guarantee even with gold. Same way, bitcoin never gone back to the beginning point of less than one dollar prices among many big events like many big exchange collapses. I never agree, gold is better than bitcoin. Digital gold must be better than physical gold in my opinion.

[JumperX]

honestly very difficult to choose between them. but if I want to invest in a short period of time then I would choose bitcoin.
but when I want to invest in the long term then I would choose gold. all of it in accordance with our conditions.

Gold may double your capital in long run like after 10 or 15 years whereas bitcoin will multiply your total capital amount in 10 times as per previous returns of bitcoin investments. So, choosing bitcoin must be must be a wise decision here regardless of your target of short or long term returns expectations.

you must've been forgotten about the volatility characteristic of bitcoin,even you sure that in 10 or 15 years bitcoin will rising about 10 times as you say but doesn't guarantee it will become real and keep in mind that there's also price falling that could make the price that's before rising and goes down at the beginning point

Yeah and bitcoin is an risky investment to make as no one is assured what will happen in future with it and what price it would be holding, and only time can show us what exactly gonna happen.

[randy8777]

honestly very difficult to choose between them. but if I want to invest in a short period of time then I would choose bitcoin.
but when I want to invest in the long term then I would choose gold. all of it in accordance with our conditions.

gold is still seen as some sort of safe haven, but that doesn't mean bitcoin is only interesting as a short term investment. you can have seperate purposes when you invest in bitcoin. you can choose to save a certain amount of coins for the long term, and a certain amount as a short term investment. it will bring you the best of both worlds without you needing to go for one of the two.

[Reid]

I have bracelet, ring and necklace which are all gold. It is helpful during times when there is nothing more to get from your wallet. Emergencies can happen anytime and gold is a fast way to get some cash. Just simply pawning it or selling it can make you some paper money. It is different than bitcoin.

[Red-Apple]

I have bracelet, ring and necklace which are all gold. It is helpful during times when there is nothing more to get from your wallet. Emergencies can happen anytime and gold is a fast way to get some cash. Just simply pawning it or selling it can make you some paper money. It is different than bitcoin.

the way you said it, there is zero difference between gold and bitcoin because you can sell bitcoin just as easy and maybe even easier than gold and get the paper money out of it.

imagine you want to sell your necklace, you have to get out of the house and go to a jewelry store and first prove that you have not stolen that necklace and then sell it to the store for a much lower than the current price.

but with bitcoin you can sell it with just one click and if you already had an account on an exchanger you can have your money in a short time in your bank account or credit card! and you will sell it to the current rate.

[subhiii]

Well if i have to choose weather i can get 1000USD worth or gold or bitcoin then may be i would choose gold to have with me because i love collecting precious things that i can also show to my friends or my family.Because bitcoin i can also earn slowly and reach that amount.

[Noctis Connor]

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.... 

Lots of people are going to choose bitcoin specially here in forum you know that theres a lot of people here are using bitcoin and thats there daily basis needs and if you configure it out it will grow more are economy depends if the bitcoin will going to be accept in merchant we we can use to pay online on in store.

[Mastsetad]

I have bracelet, ring and necklace which are all gold. It is helpful during times when there is nothing more to get from your wallet. Emergencies can happen anytime and gold is a fast way to get some cash. Just simply pawning it or selling it can make you some paper money. It is different than bitcoin.

Besides that fact you mentioned that you can get cash fast with gold because that thing is possible with bitcoin as well you can easily sell them in a exchange or somewhere, but gold is really different than bitcoin as bitcoin is just like money, you can use it for anything, and now you can even use it in physical world like fiat in some places, though it is not yet accepted everywhere.

[BitcoinsGreat]

At this point in my opinion, we cannot compare bitcoin to gold.  In terms of history and trust.  Gold had already  established its value in the market while bitcoin is just starting to establish, it hasnt even rooted it's foundation yet in terms of government trust and economic purpose.  While gold had been around for centuries and proven it's worth already.

In that case, I would choose gold if I have been given a chance between the two.
And I think gold is more of "limited" than bitcoins where it can be mined.
Gold can be mined as well, but not as vast as bitcoin.

I think the same. Also Gold is old and reliable.

[virasog]

Gold is good but I do not consider it better than the bitcoin because it will sometime take so long to make profit with the gold.
Withe the bitcoin you can simply just make money in a short term.

Gold is more stable than Bitcoin. But bitcoin enables greater gains in the short term.

[Sweetbtc]

Gold is good but I do not consider it better than the bitcoin because it will sometime take so long to make profit with the gold.
Withe the bitcoin you can simply just make money in a short term.

Gold is more stable than Bitcoin. But bitcoin enables greater gains in the short term.

Both of them have equal prons and cons. Which is the best depends on what you want. For me, i would like to have both of them.

[crairezx20]

Gold is good but I do not consider it better than the bitcoin because it will sometime take so long to make profit with the gold.
Withe the bitcoin you can simply just make money in a short term.

Gold is more stable than Bitcoin. But bitcoin enables greater gains in the short term.

Both of them have equal prons and cons. Which is the best depends on what you want. For me, i would like to have both of them.

Yeah your right they are almost good to invest but the problem i can not afford to buy more golds because i dont need it i have a large amount of gold like necklace and ring..