Is gold better than Bitcoin?

[jayce]

Gold is older and more trusted than bitcoins

Yeah we all know that gold is a great investment thing, but imo bitcoin is better than gold, because bitcoin can be used as a currency beside as an investment thing. Also with blockchain technology, we can send our bitcoin to people from other country easily. But since not every people know bitcoin, gold still become favorite investment until now.

People who are not aware about the bitcoins and the traditional thinkers will always choose to invest in gold as gold exist since long time and that is the reason they have more faith in it.

Thats because bitcoin is a technology that using internet, so it sounds bit complicated for some people who doesnt know well about internet, even there are still people who doesnt have any idea about internet. Based on that, these people will choose gold since it's a physical thing and simple.

[ObscureBean]

Gold is older and more trusted than bitcoins

Yeah we all know that gold is a great investment thing, but imo bitcoin is better than gold, because bitcoin can be used as a currency beside as an investment thing. Also with blockchain technology, we can send our bitcoin to people from other country easily. But since not every people know bitcoin, gold still become favorite investment until now.

People who are not aware about the bitcoins and the traditional thinkers will always choose to invest in gold as gold exist since long time and that is the reason they have more faith in it.

Thats because bitcoin is a technology that using internet, so it sounds bit complicated for some people who doesnt know well about internet, even there are still people who doesnt have any idea about internet. Based on that, these people will choose gold since it's a physical thing and simple.

Not to mention that Bitcoin relies on the internet to even exist and guess who controls the internet and ISPs? the government of course. They can order your ISP to cut off your service any time, hell they could even cut off the internet to the entire country if they wanted to, then what? Gold is physical, you can always bury it in the desert or something 

[davis196]

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.... 

Yes,unfortunately gold is better than bitcoin and gold will always be better.

People use it as a currency for 5000 years.Bitcoin is used as a currency for about 5-6 years.

If the entire internet goes down,what happens with bitcoin?

[djank]

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.... 

if there is natural disaster [i.e tsunami, earth quake etc] on your area and internet goes down what do u pick?
gold already proven by the time and can stand with variety of conditions (not easy to destroyed), but bitcoin depends on internet, if internet down(because of natural disaster or any cause)...then poof you can't use your bitcoin even you have private key

[dreamer81]

Agree gold is better than bitcoin because of its price and it is really recognize by all people and also unlike bitcoin it is really unstable price so it is very risky so if you do have a money to invest go for gold i know you can earn a pretty decent amount of profit by it.

Gold is not better than bitcoin. Gold is so much more difficult to trade. Imagine buying goods over the internet and pay with gold? How would that happen? Would you send the person a gold nugget in the mail? Or beam it over like a star trek movie?

Bitcoins is the future payment system. trust me.

[dreamer81]

if there is natural disaster [i.e tsunami, earth quake etc] on your area and internet goes down what do u pick?
gold already proven by the time and can stand with variety of conditions (not easy to destroyed), but bitcoin depends on internet, if internet down(because of natural disaster or any cause)...then poof you can't use your bitcoin even you have private key

If the internet goes down in the entire world, you will have much bigger problems than trying to use your bitcoins. Your gold will not be worth anything either. Food/medicine/essential goods will be what drives the demand by then. Some call it the apocalypse - other the end of the world.

But intill that day, bitcoin will thrive.

[rektDude]

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.... 

the only thing make gold better than bitcoin is phisycal and gold can shaped in any jewelry,its easy and happy to have investement and also can wear that investement,so we can get two benefit,invest and jewelry.

Gold is not just better i know when you invest into the bitcoin you will make allot of money and when you invest into the gold you will always hold the same value because gold will stay the same.

[Betwrong]

if there is natural disaster [i.e tsunami, earth quake etc] on your area and internet goes down what do u pick?
gold already proven by the time and can stand with variety of conditions (not easy to destroyed), but bitcoin depends on internet, if internet down(because of natural disaster or any cause)...then poof you can't use your bitcoin even you have private key

If the internet goes down in the entire world, you will have much bigger problems than trying to use your bitcoins. Your gold will not be worth anything either. Food/medicine/essential goods will be what drives the demand by then. Some call it the apocalypse - other the end of the world.

But intill that day, bitcoin will thrive.

I agree. In case we have such a disaster that the Internet goes down and we can't use Bitcoin gold wouldn't be much of a help either, so let's just hope this won't happen and think more realistically. For the older generation, for those who is over 60 now, Bitcoin will never replace gold, but for the younger ones it will.

[Senor.Bla]

if there is natural disaster [i.e tsunami, earth quake etc] on your area and internet goes down what do u pick?
gold already proven by the time and can stand with variety of conditions (not easy to destroyed), but bitcoin depends on internet, if internet down(because of natural disaster or any cause)...then poof you can't use your bitcoin even you have private key

If the internet goes down in the entire world, you will have much bigger problems than trying to use your bitcoins. Your gold will not be worth anything either. Food/medicine/essential goods will be what drives the demand by then. Some call it the apocalypse - other the end of the world.

But intill that day, bitcoin will thrive.

i wonder if gold/silver is used if a natural disaster occurs. do people in syria now or people in christchurch (after the earthquake) use gold/silver or still use fiat? how about greece during the financial crisis? there was a shortage of fiat. you never hear about those things.

[martinacar]

Gold is not better than Bitcoin but gold just works differenly, gold has been here for very long so it has a very big foundation.
Gold is super stable so good for keeping money save and bitcoin gives chance to make money with a little risk.

[djank]

If the internet goes down in the entire world, you will have much bigger problems than trying to use your bitcoins. Your gold will not be worth anything either. Food/medicine/essential goods will be what drives the demand by then. Some call it the apocalypse - other the end of the world.

But intill that day, bitcoin will thrive.

why you think gold not worth anything when disaster came? example in conflict zone atm precious metals(not only gold) still used as medium of exchange. When internet goes down in the entire world (gold already pass through that era) yes it will be bigger problem, but who will stand as medium of exchange when that moment come? is it paper money, gold or bitcoin?

[HilbillyFred]

Gold has been traded for centuries and has withstood the test of time. Gold has also an aesthetic value for the rich people who love to flaunt around their new super expensive gold jewellery Now I think both Bitcoin and gold can be used as a store of value with the only difference being that Bitcoin wealth can be moved inconspicuously while physical gold despite looking good in person has a lot of weight to it and you would need a safe to protect that treasure from prying eyes. All in all both have their advantages and disadvantages and their utility depends on the situation at hand.

You can never say that gold is better than bitcoins becuase they are both good and allot of peopel want to use them both so you cant say
the one is better than the other one you know.

[eddyubachs]

Gold is not better than Bitcoin but gold just works differenly, gold has been here for very long so it has a very big foundation.
Gold is super stable so good for keeping money save and bitcoin gives chance to make money with a little risk.

I don't think bitcoin involves little risk in making money, in fact it is a huge risk to invest in bitcoin as its price can go down any time and can bring loss for us, but gold is safe as an investment in long run.

[ObscureBean]

Gold has been traded for centuries and has withstood the test of time. Gold has also an aesthetic value for the rich people who love to flaunt around their new super expensive gold jewellery Now I think both Bitcoin and gold can be used as a store of value with the only difference being that Bitcoin wealth can be moved inconspicuously while physical gold despite looking good in person has a lot of weight to it and you would need a safe to protect that treasure from prying eyes. All in all both have their advantages and disadvantages and their utility depends on the situation at hand.

You can never say that gold is better than bitcoins becuase they are both good and allot of peopel want to use them both so you cant say
the one is better than the other one you know.

What you say is true, one is not 'better' than the other however the more complicated/advanced something is, the more dependencies it relies on just to exist, any single one of those dependencies fail and the whole thing comes crumbling down. Gold exists in and of itself without the need for dependencies like electricity, internet or electronic devices.

[Corenin]

Gold has been traded for centuries and has withstood the test of time. Gold has also an aesthetic value for the rich people who love to flaunt around their new super expensive gold jewellery Now I think both Bitcoin and gold can be used as a store of value with the only difference being that Bitcoin wealth can be moved inconspicuously while physical gold despite looking good in person has a lot of weight to it and you would need a safe to protect that treasure from prying eyes. All in all both have their advantages and disadvantages and their utility depends on the situation at hand.

You can never say that gold is better than bitcoins becuase they are both good and allot of peopel want to use them both so you cant say
the one is better than the other one you know.

What you say is true, one is not 'better' than the other however the more complicated/advanced something is, the more dependencies it relies on just to exist, any single one of those dependencies fail and the whole thing comes crumbling down. Gold exists in and of itself without the need for dependencies like electricity, internet or electronic devices.

And I think gold holds more number of trusted users as it its allowing them to make good profits over a period of time and the trend will continue even in future.

[Piltover]

I would not say that gold is better is better then Bitcoin or Bitcoin is better then gold because I do not know that much about gold. I know allot about Bitcoin but that is also the only crypto currency that I make use of.
So I would say that it is a good thing to invest in Bitcoin but I am not sure about gold.

[mirakal]

Gold has been traded for centuries and has withstood the test of time. Gold has also an aesthetic value for the rich people who love to flaunt around their new super expensive gold jewellery Now I think both Bitcoin and gold can be used as a store of value with the only difference being that Bitcoin wealth can be moved inconspicuously while physical gold despite looking good in person has a lot of weight to it and you would need a safe to protect that treasure from prying eyes. All in all both have their advantages and disadvantages and their utility depends on the situation at hand.

You can never say that gold is better than bitcoins becuase they are both good and allot of peopel want to use them both so you cant say
the one is better than the other one you know.

What you say is true, one is not 'better' than the other however the more complicated/advanced something is, the more dependencies it relies on just to exist, any single one of those dependencies fail and the whole thing comes crumbling down. Gold exists in and of itself without the need for dependencies like electricity, internet or electronic devices.

And I think gold holds more number of trusted users as it its allowing them to make good profits over a period of time and the trend will continue even in future.

No doubt because gold has been in existence before fiat was created I guess, and if you will compare with bitcoin they will certainly choose gold over bitcoin, however if you cannot invest gold you can always invest with bitcoin as it does not require a lot of capital to do it.

[manyute]

Depends what you mean by better, gold is a physical, tangible, rare metal, bitcoin is a unique cryptographic record and a unit of account, with value because people think it has value due to it being a store of wealth and a unit of exchange. Bitcoin is akin to cash in that way, only bitcoin isnt controlled by banks but by the people as a unit of account. Gold is a physical, tangible metal, gold is a 'safer' one but both are good as a wealth store. Gold is the 'safer' one and it is something physical that will remain. Bitcoin was intended to be a unit of account

[1Referee]

Gold is not better than Bitcoin but gold just works differenly, gold has been here for very long so it has a very big foundation.
Gold is super stable so good for keeping money save and bitcoin gives chance to make money with a little risk.

Nothing in the world is "super stable". Gold has been down like 5% in the last 30 days, which shows that there is volatility even there.

[gerXhonza]

Gold has been traded for centuries and has withstood the test of time. Gold has also an aesthetic value for the rich people who love to flaunt around their new super expensive gold jewellery Now I think both Bitcoin and gold can be used as a store of value with the only difference being that Bitcoin wealth can be moved inconspicuously while physical gold despite looking good in person has a lot of weight to it and you would need a safe to protect that treasure from prying eyes. All in all both have their advantages and disadvantages and their utility depends on the situation at hand.

You can never say that gold is better than bitcoins becuase they are both good and allot of peopel want to use them both so you cant say
the one is better than the other one you know.

What you say is true, one is not 'better' than the other however the more complicated/advanced something is, the more dependencies it relies on just to exist, any single one of those dependencies fail and the whole thing comes crumbling down. Gold exists in and of itself without the need for dependencies like electricity, internet or electronic devices.

And I think gold holds more number of trusted users as it its allowing them to make good profits over a period of time and the trend will continue even in future.

No doubt because gold has been in existence before fiat was created I guess, and if you will compare with bitcoin they will certainly choose gold over bitcoin, however if you cannot invest gold you can always invest with bitcoin as it does not require a lot of capital to do it.

Yeah that's a great benefit of investing in bitcoin that you can start even with a small capital and added advantage is that you can even earn them so ultimately it will help you in growing your investment.