Bitcoin, Gold or Money?

[Panchum]

So Bitcoin is designed so that the value of it will increase over time as opposite to traditional money in which the value of it will go down. But won't that make it more like gold instead of actual money?
By the prices of stuff going up in traditional money, it encourages keeping the goods and trading them, for example if someone owns a house that house's value won't just go down with time, it can go through time. But if goods were to keep getting lower in prices then it can as a result discourage buying them and trading. Which makes Bitcoin unusable as money. To keep your money safe of course you can store in a bank as they give you a small amount of interest.
Bitcoin has a limited supply and as time goes by and its popularity increases the prices can go higher and higher, making it less effective to be used as usual money. Imagine how would a shop keeper feel as their good will only decrease in price. And like traditional money which has banks Bitcoin doesn't offer much solution to this.
So even if bitcoin prices were to stabilize, wouldn't it be more like gold than a currency to use like traditional money? Gold is very similar in those terms to Bitcoin.

I should choose bitcoin because l will never stop looking forward that bitcoin will help me to attain all my goals in life to be rich.This is the only way to reach my goal in life.

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[bakkang]

Although, bitcoin is like somehow like gold as the OP said because they are both a good investment which is why we see some project in the crypto sphere which combine crypto with gold in terms of keeping their investors profit intact. However, we must understand that they both have there advantage and disadvantage but I will definitely go for bitcoin every day.

Yes you're right they have their advantage and their disadvantage. But I would prefer to choose gold because they goes up as time goes by not like bitcoin it is not stable it goes down and hard to goes up so I think investing with gold can be profitable.

[thinhthai]

Money is not a good choice, we already knew, Gold or Bitcoin? Why not both of them?
In the past, we saw Gold got through the Crisis with high value, but history might not be the same, hold Gold and also hold a BTC (At current price 5,5k)

[yndye]

It doesn't offer easier divisibility unlike bitcoin and fiat currency, so again, gold would still be a worse form of money than bitcoin.

Yes. that's one of the disadvantages of gold over bitcoin because it cannot be easily divided unlike bitcoin wherein you just need to input the value and then voila, you already send the exact payment for that good or service. However, the advantage of gold over bitcoin is that it has been existing since time immemorial and everyone knew it that's why it can be exchanged anywhere whereas when one is using bitcoin then he needs to find someone who would accept it because only a few people or merchants do accept it nowadays.

[mrcash02]

It could be true, but BTC price isn't rising for now. So people won't have any reason to keep holding, they will tend to use it as currency, however once BTC's price starts rising again they might tend to hold again... It depends the situation we are living on the currently moment. Sometimes Bitcoin looks more like gold (when it stores value and get more expensive within time), but sometimes it just looks like a virtual currency, as it is on its basic definition (with negative fluctuations and difficult to show strength to grow again).

[Janation]

Money is not a good choice, we already knew, Gold or Bitcoin? Why not both of them?
In the past, we saw Gold got through the Crisis with high value, but history might not be the same, hold Gold and also hold a BTC (At current price 5,5k)

If we will be talking about money as a payment method, it is my number 1.

If we will be talking about something as a great investment, that would be obviously Gold since it is one of the long running best investment including other metals and investments. It is still the suggested investment of some of the most popular investors in the market so I would obviously want Gold over Bitcoin. Bitcoin may have a declining year but I think it will have its price pump in the coming years.

[Dr.Osh]

if this is an investment problem, of course I will choose gold. gold has always been a benchmark of money, and money has always been a benchmark for bitcoin. so, I have gold for investment. besides, since a long time ago, gold was often used as a good investment, and the price never dropped.

[Pamadar]

It could be true, but BTC price isn't rising for now. So people won't have any reason to keep holding, they will tend to use it as currency, however once BTC's price starts rising again they might tend to hold again... It depends the situation we are living on the currently moment. Sometimes Bitcoin looks more like gold (when it stores value and get more expensive within time), but sometimes it just looks like a virtual currency, as it is on its basic definition (with negative fluctuations and difficult to show strength to grow again).

Yeah right, in some instances bitcoin got a much higher appraisal and people loves to play with it and hold hoping to have much better value, but in this past months where bitcoin keep declining its value, more people are wisely thinks about value and pause for a while, bitcoin if you entrust your future you need to be more practical taking the big risk with high  potentials of great outcome, all about knowing your capabilities and your presence of minds when in terms of investment.

[bayu7adi]

bitcoin is indeed limited, but not only bitcoin has a limited total supply, there are a number of altcoins that have limited total supply, but that does not guarantee that prices will be good in the future
in this context, I prefer money rather than bitcoin or gold,
with money I can more freely buy bitcoin or gold more easily, and is very suitable for needs in real time

[Initscri]

I'd hold all three (money being allocated to stocks).
As for which one in the safest - Gold;
Which one is most likely to return positively - Stocks;
Which one is most likely to return massive amounts of wealth if there is a increase - Bitcoin

[AlehandroTheGreat]

Cash paper money are loosing gold, bitcoin is loosing gold...so the right choice is very easy

[honeychilli]

"Bitcoin or Money"? What does this even mean? Bitcoin IS Money. It is money that is not issued by central banks and backed by government. It is energy based and secured by mathematics. As long as you keep thinking about bitcoin as opposed to "actual money" I think you're still missing the point. Money is a technology that has specific goals. Storing value and exchanging it for goods and services. Bitcoin is able to fulfill these goals incomparably more efficient than both fiat and gold.

Bitcoin is The Actual Money.

Fiat is government issued numbers that can be used like actual money... until the country goes into hyperinflation because of the decisions of politicans and bankers... or until your bank, card company or payment service decides to block your account for any reason at all... and not before half of the fiat you earn is taken away from you through taxes.

Totally agree. Money and Currency have two different definition. Bitcoin is a currency. And has been used as a form of money in exchange for goods and services. This will grow and eventually more people will come to accept the idea of using digital currency in transactions..

[St4yInTh3D4rk]

So Bitcoin is designed so that the value of it will increase over time as opposite to traditional money in which the value of it will go down. But won't that make it more like gold instead of actual money?

Wrong,it is not made in a way like the prices will increase over time,the prices will increase only when the demand gets increase so we can't say that the prices will keep increasing forever on time periods.And don't compare bitcoin with gold as well because it is more traditional,more stable and acts as storage of value but bitcoin was found to be used as currency.

[ringgo96]

All three are instruments that many people talk about as an investment. but the fact is that gold tends to be better than both. because the value continues to increase. gold is an item that is able to maintain our wealth. not give us wealth. but actually it's also very good as an investment

[wahyu wida]

All three are instruments that many people talk about as an investment. but the fact is that gold tends to be better than both. because the value continues to increase. gold is an item that is able to maintain our wealth. not give us wealth. but actually it's also very good as an investment

and the worst is money. bank interest and inflation on money are not comparable, so if we save at the bank, of course we will lose later. but for bitcoin there is a big risk

[mary0919]

So Bitcoin is designed so that the value of it will increase over time as opposite to traditional money in which the value of it will go down. But won't that make it more like gold instead of actual money?
By the prices of stuff going up in traditional money, it encourages keeping the goods and trading them, for example if someone owns a house that house's value won't just go down with time, it can go through time. But if goods were to keep getting lower in prices then it can as a result discourage buying them and trading. Which makes Bitcoin unusable as money. To keep your money safe of course you can store in a bank as they give you a small amount of interest.
Bitcoin has a limited supply and as time goes by and its popularity increases the prices can go higher and higher, making it less effective to be used as usual money. Imagine how would a shop keeper feel as their good will only decrease in price. And like traditional money which has banks Bitcoin doesn't offer much solution to this.
So even if bitcoin prices were to stabilize, wouldn't it be more like gold than a currency to use like traditional money? Gold is very similar in those terms to Bitcoin.

Of course we need money here maybe I will choose all of the above since all of them can give good profit. As for today the price of bitcoin is very low compare to the price last quarter of last year when the price boomed to the top. This is the right time to buy for more bitcoins and hold until the price hit back to the top.

[bajingluncat]

what I know is gold, bitcoin and money are different things, like this:
- gold is unlimited precious metals, is an investment tool, has fairly stable price fluctuations, and the price depends on the exchange rate against the dollar in the sense that if the dollar rises the price of gold also rises
- Bitcoin is a limited number of coins, its price fluctuations are unpredictable because depending on demand, can be used as a means of transaction and investment, prices do not depend on the exchange rate of fiat currencies
- money is a legitimate transaction tool, owned by each country, the price refers to the current exchange rate against the dollar, fluctuating quite stable, but many factors will cause inflation.
if you have to choose for investment it depends on the extent to which you are ready to accept the risk, if you want to play it safe gold investment is recommended but if you want to quickly profit bitcoin is definitely a choice

[Xising]

You're right, bitcoin's deflationary nature means that present spending is more expensive than future spending. Therefore from an economic point of view it is not useful when it comes to stimulating an economy. Also similarly to gold there may come a time where bitcoin is steadily increasing but only at a slow rate, therefore there won't be such a trade off between present and future consumption.

There is also one thing that people always assume when stating that bitcoin value will always rise, and that's that demand will continue to increase. If demand remains static or falls then the price won't increase over time.

That may be true, but only at the moment. Once Bitcoin gains more and more attention and more so value in the years to come, it would surely be more valuable to hold than it is now. Although, currently, gold and money are more stable to hold as their values do not really change much, it is surely a nice that another market player is emerging that can give newer investors to have their niche in the investment market.

[babysweetTiger0401]

Bitcoin, Gold, and Money, those are all give us profit. Consequently, if you are going to look at their features all are really helpful in my opinion.
However, Gold for me is only for can afford people not for an ordinary people, then money/fiat is the major necessity anywhere we go we can able to use either in public, or all kind of traditional business, while Bitcoin can only use in terms of online payment also a kind investment too which is much safer than anything else.

[GunsLair]

If I choose an item for investment, I personally choose bitcoin. This is a long-term investment in which I'm sure. As for gold, I can say that my grandparents, that is, the older generation, invested in it. For them, it was a sign of opulence and confidence in the future. And money is just money which at the moment gives me the opportunity to support myself and my family.