Bitcoin is better than gold

[AurumService]

and probably our worldwide money soon.

Hmm, I think that it won`t happen in the nearest future. 

[illnino]

From an investment point of view, bitcoin is more about gold than it is about other currencies. That's because as an asset, bitcoin and gold have a lot in common. Both are limited to supply, both have functions to use, and many believe that, despite their large price fluctuations, they remain a good store of value. Compared to gold and currency investment returns in the past five years, the currency's performance is far better than the so-called precious metals, gold year loss than 6%, the currency of the annualized rate of return is 155%. These rich returns show that bitcoin has excited investors about the prospect of putting money into such a new asset class.

Compared with the gold standard, the value of the currency rising and proven performance, investors can be used to measure the investment of the world's leading digital currency future opportunity and risk indicators.

I think that most of the guys from this Forum are 100% sure that Bitcoin is much better than gold. Otherwise, they would not make investments in BTC, right?

[quocsi]

It is hard to compare real gold and bitcoin. Its value is quite high and it is difficult to exploit it. But I think the growth rate about its value will be different. Clearly, bitcoin will have a higher growth rate. But I do not recommend that you choose bitcoin because of the high risk, so you should choose to invest both to earn a lot of profits in the future.

[willnotwas]

From an investment point of view, bitcoin is more about gold than it is about other currencies. That's because as an asset, bitcoin and gold have a lot in common. Both are limited to supply, both have functions to use, and many believe that, despite their large price fluctuations, they remain a good store of value. Compared to gold and currency investment returns in the past five years, the currency's performance is far better than the so-called precious metals, gold year loss than 6%, the currency of the annualized rate of return is 155%. These rich returns show that bitcoin has excited investors about the prospect of putting money into such a new asset class.

Compared with the gold standard, the value of the currency rising and proven performance, investors can be used to measure the investment of the world's leading digital currency future opportunity and risk indicators.

You don't have to be the greatest trader to notice that bitcoin could bring you a great profin in the short term, especially if you'll invest a substantial sum. The same mone invested in gold will earn disproportionately low profit (if we talk about the short term)

[Sandeepmanwall]

I think that bitcoin is much better than gold.But it is hard to compare real gold and bitcoin. Its value is quite high and it is difficult to exploit it. But I think the growth rate about its value will be different. Clearly, bitcoin will have a higher growth rate.

[Sandeepmanwall]

Compared with the gold standard, the value of the currency rising and proven performance, investors can be used to measure the investment of the world's leading digital currency future opportunity and risk indicators.

[Suguha]

From an investment point of view, bitcoin is more about gold than it is about other currencies. That's because as an asset, bitcoin and gold have a lot in common. Both are limited to supply, both have functions to use, and many believe that, despite their large price fluctuations, they remain a good store of value. Compared to gold and currency investment returns in the past five years, the currency's performance is far better than the so-called precious metals, gold year loss than 6%, the currency of the annualized rate of return is 155%. These rich returns show that bitcoin has excited investors about the prospect of putting money into such a new asset class.

Compared with the gold standard, the value of the currency rising and proven performance, investors can be used to measure the investment of the world's leading digital currency future opportunity and risk indicators.

Bitcoin cannot replace gold, even bitcoin has a high value of money now , gold is better than bitcoin because in just a little part of bitcoin there is high amount of money in bitcoin you need to spend months to earn money but in gold you just need to sell it then you have a lot of money, because gold is one of the expensive things in the world.

[blacksnapper94]

better bitcoin because the amount of gold may be limited, but unpredictable in value. Unlike Bitcoin that has a mathematical grip that can be calculated, so more stable and difficult manipulated,

[renggileh]

Bitcoin and gold is somewhat unique on their own, you can use gold as a commodity you can use for making other goods, while bitcoin can be used in online transactions for conviniency.

[banhchauanh]

Bitcon is the best currency !

[BitcoinPaw]

At my opinion bitcoin is not better than gold, for example in situations when gold can be used for something useful, bitcoin is just a number in your wallet. Price is not means everything in this question and everyone need to understand it.

[Al Muhaimin]

Now I ask, who created gold? No, God is the Creator and we can not prove His existence or His true identity if any. So far, no individual or company can create gold. To get gold, we have to mine it first or buy it from the nearest gold store. These precious metals are scattered all over the world, applicable and tradable in any country, though not created by real people. Gold is available in limited quantities, and this is what causes prices to increase over time.

Bitcoin is exactly like that, but the difference is it's digital or invisible. So now imagine you've turned gold into something virtual and stored on your computer or smartphone. Bitcoin has all the important aspects of gold, but it looks like a pulse. Incredible, is not it?

We can summarize that Bitcoin has characteristics like gold as follows:

Limited supply, where there will be only 21 million Bitcoins scattered around the world;
Not made by the Central Bank / government, but by an unknown party;
Not manufactured or controlled by individuals, groups or companies;
Impossible to duplicate or falsify;
Durable and not easily destroyed;
Obtained by mined, but using mining programs and mathematical algorithms;
Can be transacted worldwide;
The transaction can not be changed, meaning that after Bitcoin is given to someone else's hand, the transaction can not be canceled unless the person is willing to send Bitcoin back;
Can be exchanged and traded with various currencies in the world.
The above characteristics prove that in addition to its digital form, Bitcoin is more or less similar to gold. But you need to know that there are some things that cause Bitcoin better than gold.

[jump4ever]

If today you come to a man on the street, who has not yet been affected by the excitement around the crypto currency, and mention the new digital gold Bitcoin, he will decide that you are crazy. Your statement will be regarded as the announcement of the victory of the incomprehensible Bitcoin over gold, and is taken as a personal insult.

[DrYe5]

If today you come to a man on the street, who has not yet been affected by the excitement around the crypto currency, and mention the new digital gold Bitcoin, he will decide that you are crazy. Your statement will be regarded as the announcement of the victory of the incomprehensible Bitcoin over gold, and is taken as a personal insult.

Unlike U.S. dollar, or any fiat currency for that matter, Bitcoin cannot be reprinted to the whims of influential bankers. On the other hand, no one knows just how much gold there is in the world, and it can be mined any time. Gold is “kinda phony” in this sense, and Bitcoin is more “genuine and real.”

[qwertyup23]

From an investment point of view, bitcoin is more about gold than it is about other currencies. That's because as an asset, bitcoin and gold have a lot in common. Both are limited to supply, both have functions to use, and many believe that, despite their large price fluctuations, they remain a good store of value. Compared to gold and currency investment returns in the past five years, the currency's performance is far better than the so-called precious metals, gold year loss than 6%, the currency of the annualized rate of return is 155%. These rich returns show that bitcoin has excited investors about the prospect of putting money into such a new asset class.

Compared with the gold standard, the value of the currency rising and proven performance, investors can be used to measure the investment of the world's leading digital currency future opportunity and risk indicators.

Though bitcoin may be better than gold in the perspective of yielding income or for investment purposes but there is ONE thing that bitcoin lacks, which is COLLATERAL and SECURITY. Remember that gold has been around ever since time immemorial and people considered it as the boon of investment. Another thing to consider is that gold has been backed and regulated by the government in order to prevent abuses.
In adherence to this, bitcoin's value is very volatile- meaning its price may vary without any given notice. Not to mention, the current status of bitcoin is sensitive wherein if a country prohibits its utilization then its price would be significantly affected.

Lastly, gold is an tangible asset compared to bitcoin, which is intangible.

[roccstar]

Both bitcoins and gold are great for long term investment but bitcoins might be more profitable but also has high risk of drop and uncertainty. Bitcoin will be more popular than gold in the future. Considering technology occupies everything, anytime and everywhere these days, we can consider that bitcoin is better investment over gold. Bitcoin, since it is digital, it can be easily kept unlike gold.

[markj113]

Though bitcoin may be better than gold in the perspective of yielding income or for investment purposes but there is ONE thing that bitcoin lacks, which is COLLATERAL and SECURITY. Remember that gold has been around ever since time immemorial and people considered it as the boon of investment. Another thing to consider is that gold has been backed and regulated by the government in order to prevent abuses.
In adherence to this, bitcoin's value is very volatile- meaning its price may vary without any given notice. Not to mention, the current status of bitcoin is sensitive wherein if a country prohibits its utilization then its price would be significantly affected.

Lastly, gold is an tangible asset compared to bitcoin, which is intangible.

Bitcoin does not yield an income, you are just gambling on price fluctuations the same as gold.

[markj113]

Both bitcoins and gold are great for long term investment but bitcoins might be more profitable but also has high risk of drop and uncertainty. Bitcoin will be more popular than gold in the future. Considering technology occupies everything, anytime and everywhere these days, we can consider that bitcoin is better investment over gold. Bitcoin, since it is digital, it can be easily kept unlike gold.

This is a common misconception.

Why is gold not easy to keep?  A £32k gold bar is the size of a smart phone.

Convert all your current BTC holdings into gold at £32/g and work out how much physical space it will occupy and how easy it would be to store safely out of sight.

[airdnasxela]

From an investment point of view, bitcoin is more about gold than it is about other currencies. That's because as an asset, bitcoin and gold have a lot in common. Both are limited to supply, both have functions to use, and many believe that, despite their large price fluctuations, they remain a good store of value. Compared to gold and currency investment returns in the past five years, the currency's performance is far better than the so-called precious metals, gold year loss than 6%, the currency of the annualized rate of return is 155%. These rich returns show that bitcoin has excited investors about the prospect of putting money into such a new asset class.

Compared with the gold standard, the value of the currency rising and proven performance, investors can be used to measure the investment of the world's leading digital currency future opportunity and risk indicators.

Obviously, no, bitcoin is not better than gold. Bitcoin is just a cryptocurrency and it will be forever.  It will be just used as it is and that is its downfall compare to gold. And when you talk about as a currency,  bitcoin is very volatile and its price is very unstable compare to gold. Also,  bitcoin is a cryptocurrency,  it needs internet for anyone to access. Gold can be used by everyone because of its accessibility. So no,  bitcoin isn't better than gold.

[Agathai]

Bitcoins and gold have similarities as decentralized and volatile or scarce supplies, depending on the mining process. In terms of influence:
- Gold is spreading and popularizing user needs and familiarity. Meanwhile, bitcoin is prevalent depending on online technology and the world community. With the technology is growing rapidly as today. I think that in the future bitcoin can break the value gap, as well as affect the community in a familiar way such as Gold.
- in terms of value: bitcoin has not been checked and ensured the future as safe as gold. However, with the characteristics brought "wealth" quickly. Bitcoins are dominant in terms of investor volume and impact on the community.