Bitcoin or gold?

[jaysabi]

One key factor where Bitcoin truly shines is its rarity. While gold is rare, Bitcoin is much rare because there is a limited amount of it that can come into existence. Whenever supply is restricted and demand is high, price goes up, so for me Bitcoin will continue to be a better store of value than Gold

Thinking of rarity in the way you do is meaningless

In other words, you can't possibly say that Bitcoin is rarer than gold (or the other way around). You can say that there are only 21M bitcoins (which somehow seems not a big deal) but I can easily challenge that point and claim that there are in fact 21¹⁴ satoshi which are intuitively not as rare as measly 21 million bitcoins. I hope you can see now that numbers alone taken only by themselves don't mean a lot in respect to scarcity

Denominating in satoshis instead of bitcoins hasn't done anything to make it less rare. If you count bitcoins or count satoshis, it doesn't change the amount of Bitcoin in the world or make it less rare or otherwise alter his premise. He's saying Bitcoin is valuable because it's rare and finite. Breaking a Bitcoin down into satoshis doesn't challenge either of those premises.

[crypto.classroom]

Both and other things but Bitcoin and gold I think wold work well together.  Back Bitcoin or other cryptos by gold and they will take over the current money system even faster and more completely.

[Prem.Soorajpaul]

Bitcoin rose from $200 per coin to $1,800 per coin (current exchange rates) in almost 12-months time. Gold will never give this much returns. But my opinion may change once a correction occurs with Bitcoin.

[aryana42]

Bitcoin rose from $200 per coin to $1,800 per coin (current exchange rates) in almost 12-months time. Gold will never give this much returns. But my opinion may change once a correction occurs with Bitcoin.

Gold still my top choice investing .. Although there is little price reduction, it doesn't matter for me. Because i'm looking for profit in the future.

[just_Alice]

I will prefer to diversify my investments and will choose both of them as both are good investments for the long term and if bitcoin fails in future then also I can expect some profits from gold as gold will always give good returns in long term.

I don't think it's guaranteed that gold will give good returns in the long term. You will not lose a big part of your investment with gold that's for sure, but imo the value of gold is a bit overestimated nowadays. Yes, it will never drop to zero, but it could drop 20% or even more in the future.

[maister77777]

I will prefer to diversify my investments and will choose both of them as both are good investments for the long term and if bitcoin fails in future then also I can expect some profits from gold as gold will always give good returns in long term.

I don't think it's guaranteed that gold will give good returns in the long term. You will not lose a big part of your investment with gold that's for sure, but imo the value of gold is a bit overestimated nowadays. Yes, it will never drop to zero, but it could drop 20% or even more in the future.

Yes, gold can drop a little in gold, but it will never depreciate. This is much more reliable, and you need to keep a small part of the money in gold.

[deisik]

One key factor where Bitcoin truly shines is its rarity. While gold is rare, Bitcoin is much rare because there is a limited amount of it that can come into existence. Whenever supply is restricted and demand is high, price goes up, so for me Bitcoin will continue to be a better store of value than Gold

Thinking of rarity in the way you do is meaningless

In other words, you can't possibly say that Bitcoin is rarer than gold (or the other way around). You can say that there are only 21M bitcoins (which somehow seems not a big deal) but I can easily challenge that point and claim that there are in fact 21¹⁴ satoshi which are intuitively not as rare as measly 21 million bitcoins. I hope you can see now that numbers alone taken only by themselves don't mean a lot in respect to scarcity

Denominating in satoshis instead of bitcoins hasn't done anything to make it less rare. If you count bitcoins or count satoshis, it doesn't change the amount of Bitcoin in the world or make it less rare or otherwise alter his premise. He's saying Bitcoin is valuable because it's rare and finite. Breaking a Bitcoin down into satoshis doesn't challenge either of those premises

Well, it hasn't done anything

But that should have been expected. Moreover, that was exactly my point if you didn't get it. I just wanted to show that numbers alone are meaningless. There is no abstract scarcity, i.e. you can't say if 1 is more scarce than 2, in general. So just saying (or implying) that there are over 5.5 billions of troy ounces of gold mined till now and therefore Bitcoin with its 21M of coins (and with some coins yet to be mined) is more rare (scarce) than gold is as meaningless

[lukmandog]

Bitcoin for now is more profitable than gold. We can earn more with bitcoin trading. Now I am more interested in investing in bitcoin than gold.

[deisik]

I will prefer to diversify my investments and will choose both of them as both are good investments for the long term and if bitcoin fails in future then also I can expect some profits from gold as gold will always give good returns in long term.

I don't think it's guaranteed that gold will give good returns in the long term. You will not lose a big part of your investment with gold that's for sure, but imo the value of gold is a bit overestimated nowadays. Yes, it will never drop to zero, but it could drop 20% or even more in the future.

Yes, gold can drop a little in gold, but it will never depreciate. This is much more reliable, and you need to keep a small part of the money in gold

This is not a given, by any means

Gold can in fact depreciate (and I don't mean just its price going down because of dollars appreciating). I refer specifically to gold value as such (so as to avoid any futile and baseless assumptions that might otherwise arise). History knows a few such events when gold value dropped dramatically, and we are in no case guaranteed that such or similar events might not happen in the future. We don't know what it might be (a Manhattan sized gold nugget discovered or whatever), but since that happened in the past, the same or to the same tune can certainly happen in the future

[cryp24x]

I will prefer to diversify my investments and will choose both of them as both are good investments for the long term and if bitcoin fails in future then also I can expect some profits from gold as gold will always give good returns in long term.

I don't think it's guaranteed that gold will give good returns in the long term. You will not lose a big part of your investment with gold that's for sure, but imo the value of gold is a bit overestimated nowadays. Yes, it will never drop to zero, but it could drop 20% or even more in the future.

Yes, gold can drop a little in gold, but it will never depreciate. This is much more reliable, and you need to keep a small part of the money in gold

This is not a given, by any means

Gold can in fact depreciate (and I don't mean just its price going down because of dollars appreciating). I refer specifically to gold value as such (so as to avoid any futile and baseless assumptions that might otherwise arise). History knows a few such events when gold value dropped dramatically, and we are in no case guaranteed that such or similar events might not happen in the future. We don't know what it might be (a Manhattan sized gold nugget discovered or whatever), but since that happened in the past, the same or to the same tune can certainly happen in the future

there is no denial that Gold in fact depreciate in value.  If we look at gold history we can see that gold really depreciates in value.  Anyway, between the two in terms of profitability, i would gladly choose bitcoin.  Even if they say it is not stable, well great profit comes from great risk.  And this time it is the bitcoin that gives greater profit and more risk.

[Vikingr]

It is understandable why gold is compared to Bitcoin and do it mainly because there is a limited gold reserve on the planet as well as a certain amount of Bitcoin. Of course Bitcoin Gold is a good investment, only in the case of Bitcoin it is a long-term investment unlike gold that can generate revenue all the time. But I would choose gold because of the fact that with him you feel more confident.

With gold you will feel more confident but you will not be able to earn faster money if you will choose gold instead of bitcoin or if you will choose gold for half of your money and bitcoin for half of other then you will even at that time lose the profit from that half as the price of gold do not increase that much faster like bitcoin.

[Osarman]

Bitcoin rose from $200 per coin to $1,800 per coin (current exchange rates) in almost 12-months time. Gold will never give this much returns. But my opinion may change once a correction occurs with Bitcoin.

i agree with you and i am also in the favor of bitcoin because bitcoin give me a good profit nowadays the price of bitcoin increasing too much fast and gold is too much stable value and gold increasing it value too much slow and we can not get a big profit from gold quickly.

[Cosbycoin]

Bitcoin rose from $200 per coin to $1,800 per coin (current exchange rates) in almost 12-months time. Gold will never give this much returns. But my opinion may change once a correction occurs with Bitcoin.

i agree with you and i am also in the favor of bitcoin because bitcoin give me a good profit nowadays the price of bitcoin increasing too much fast and gold is too much stable value and gold increasing it value too much slow and we can not get a big profit from gold quickly.

bitcoin is the modern and stronger currency and young generation is very interested to using bitcoin because and just bitcoin can increase our money and gold is a metal we can not compare gold with bitcoin because both are too much different from each other.

[8Habits]

It is understandable why gold is compared to Bitcoin and do it mainly because there is a limited gold reserve on the planet as well as a certain amount of Bitcoin. Of course Bitcoin Gold is a good investment, only in the case of Bitcoin it is a long-term investment unlike gold that can generate revenue all the time. But I would choose gold because of the fact that with him you feel more confident.

With gold you will feel more confident but you will not be able to earn faster money if you will choose gold instead of bitcoin or if you will choose gold for half of your money and bitcoin for half of other then you will even at that time lose the profit from that half as the price of gold do not increase that much faster like bitcoin.

Good point about the feeling of security when it comes to holding gold because as we all know it, gold is proven and tested as a good investment. Unlike bitcoins where it is like a one day millionaire and easy go lucky investment because you can't really predict where it goes and if it goes up, it goes fast. I mean, the profit is really very high with bitcoins and at the same time you feel the internal concern that it might crash at anytime.

[BeGoods]

Bitcoin rose from $200 per coin to $1,800 per coin (current exchange rates) in almost 12-months time. Gold will never give this much returns. But my opinion may change once a correction occurs with Bitcoin.

i agree with you and i am also in the favor of bitcoin because bitcoin give me a good profit nowadays the price of bitcoin increasing too much fast and gold is too much stable value and gold increasing it value too much slow and we can not get a big profit from gold quickly.

bitcoin is the modern and stronger currency and young generation is very interested to using bitcoin because and just bitcoin can increase our money and gold is a metal we can not compare gold with bitcoin because both are too much different from each other.

True, I think both are different things. And it is not fitting if gold and bitcoin are compared. Although bitcoin is popular and well known, it will not have any effect on gold

[Sithara007]

Bitcoin rose from $200 per coin to $1,800 per coin (current exchange rates) in almost 12-months time. Gold will never give this much returns. But my opinion may change once a correction occurs with Bitcoin.

i agree with you and i am also in the favor of bitcoin because bitcoin give me a good profit nowadays the price of bitcoin increasing too much fast and gold is too much stable value and gold increasing it value too much slow and we can not get a big profit from gold quickly.

But you will change your opinion if the Bitcoin exchange rates crash, right? Although some of the analysts have claimed that Bitcoin may touch the $5,000 mark in a few months time, I am a bit more skeptical. The current spike CAN BE a bubble.

[frowsiter]

Of course I am here to earn bitcoins so my preferred method would be bitcoins. This is because gold is old now and I already enjoyed it a lot. It is not that fun and new generation is loving bitcoins so I'm up for that too.

[Maslate]

Of course I am here to earn bitcoins so my preferred method would be bitcoins. This is because gold is old now and I already enjoyed it a lot. It is not that fun and new generation is loving bitcoins so I'm up for that too.

Old means it's stable but bitcoin is not yet stable so there is more room to grow to make profit.
However, bitcoin is riskier than gold considered as investment so you have to take the risk to start your journey.

[Sled]

i need BTC and gold

Before you get any of that two, you need money and if you have money you can have that two but it is not enough because to be able to have a good habits in holding or growing your money from those two then you need knowledge so you will be open minded to the possibilities of earning money with those two gold (Gold version 1 and Bitcoin for being gold version 2).

[deisik]

I will prefer to diversify my investments and will choose both of them as both are good investments for the long term and if bitcoin fails in future then also I can expect some profits from gold as gold will always give good returns in long term.

I don't think it's guaranteed that gold will give good returns in the long term. You will not lose a big part of your investment with gold that's for sure, but imo the value of gold is a bit overestimated nowadays. Yes, it will never drop to zero, but it could drop 20% or even more in the future.

Yes, gold can drop a little in gold, but it will never depreciate. This is much more reliable, and you need to keep a small part of the money in gold

This is not a given, by any means

Gold can in fact depreciate (and I don't mean just its price going down because of dollars appreciating). I refer specifically to gold value as such (so as to avoid any futile and baseless assumptions that might otherwise arise). History knows a few such events when gold value dropped dramatically, and we are in no case guaranteed that such or similar events might not happen in the future. We don't know what it might be (a Manhattan sized gold nugget discovered or whatever), but since that happened in the past, the same or to the same tune can certainly happen in the future

there is no denial that Gold in fact depreciate in value.  If we look at gold history we can see that gold really depreciates in value.  Anyway, between the two in terms of profitability, i would gladly choose bitcoin.  Even if they say it is not stable, well great profit comes from great risk.  And this time it is the bitcoin that gives greater profit and more risk

Gold is there to store value, not to make profits

And storing value comes at a cost (as anything in this world). Basically, gold allows you to get rid of systemic risk that any fiat currency out there is susceptible to (e.g. government going nuts and starting printing insane amounts of fiat). But it still loses its value over time (not to be confused with price) with societies evolving. In other words, less and less people remain or get interested in gold as such, which causes gold to slowly lose value, at least, until dramatic events are going to happen (the Mad Max scenario)

But you will change your opinion if the Bitcoin exchange rates crash, right? Although some of the analysts have claimed that Bitcoin may touch the $5,000 mark in a few months time, I am a bit more skeptical. The current spike CAN BE a bubble.

I'd rather say that Bitcoin itself is one big bubble, so we should always be on alert and wary in this regard