Bitcoin is better than gold and USD?

[uneng]

All of them have advantages and fit our needs on different moments. I believe there isn't a better or worse, the 3 options are fine and I would have access to all if I could.

• Usd represents fiat, it's the best currency to use daily as it's stable and keeps our financial life organized;
• Then we have gold, that is also stable, but not inflationary, so we can use it to store our money, escaping from devaluation, however it's not so easy to have access to it, and a decent investment is needed;
• The last one is bitcoin, the most profitable so far for those who want to invest low sums of money. It helps us connecting to the virtual financial world, opens a lot of new opportunities, but it's still too volatile to be used daily.

I can see benefits on these 3 items. They share similarities, but they also have their unique characteristics.

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[Ray55]

We say that "Coal is a black diamond", it's just that. But, it does not have any meaning if the effectiveness is seen from its direction. Because Diamond is always Diamond. Coal can never be diamond. That's exactly what I think, why not increase the price of Bitcoin, Bitcoin is a Cryptocurrency And it will be the whole life. Never be Gold or USD. Because Gold is a mineral resource. USD is a USA currency. So regardless of how they are compared, these can never be the same.

[_Django05_]

So how is Bitcoin compared with gold or USD and is called Bitcoin gold and better than USD?

That said, if Bitcoin really is the second coming of gold, what does this mean for its future?. Once investors realize that gold doesn’t perform as well as BTC, asset prices could reach $100,000 per coin. However, the U.S. dollar is similar to a Ponzi scheme, meaning additional money could come to it as time goes on.

[Babyrica0226]

I do not think Bitcoin is better than Gold and USD. Yes, Bitcoin is the most expensive and influential cryptocurrency of this period. Bitcoin preference is more than all the other crypto currency. Bitcoin acceptability is very high and it is increasing day by day. But it is better not to compare gold or USD with bitcoin. I saw many posts where Bitcoin is better than gold and USD. My point is that Bitcoin is the crypto currency, on the other hand, gold is one of the natural resources and USD is the real currency. So how is Bitcoin compared with gold or USD and is called Bitcoin gold and better than USD? Where Bitcoin Gold and USD are used in various different things and in different fields. Give your opinion.

Well, literally to be honest it is indeed better than gold and USD$. Probably, because of volatility of Bitcoin, though the reference value of Bitcoin was based on USD, but Bitcoin for me is not competing it anyway any form of business in online too. Although, if you are going to look at it literally, it has a similarity of ponzi scheme but the truth was not really actually.

[Pumared]

I do not think Bitcoin is better than Gold and USD. Yes, Bitcoin is the most expensive and influential cryptocurrency of this period. Bitcoin preference is more than all the other crypto currency. Bitcoin acceptability is very high and it is increasing day by day. But it is better not to compare gold or USD with bitcoin. I saw many posts where Bitcoin is better than gold and USD. My point is that Bitcoin is the crypto currency, on the other hand, gold is one of the natural resources and USD is the real currency. So how is Bitcoin compared with gold or USD and is called Bitcoin gold and better than USD? Where Bitcoin Gold and USD are used in various different things and in different fields. Give your opinion.

Well, literally to be honest it is indeed better than gold and USD$. Probably, because of volatility of Bitcoin, though the reference value of Bitcoin was based on USD, but Bitcoin for me is not competing it anyway any form of business in online too. Although, if you are going to look at it literally, it has a similarity of ponzi scheme but the truth was not really actually.

As BTC was not well-publicized as a means of payment, or even currency itself in society eventually became a reserve of value. And from this reserve of value we have the great speculations.

[Ryan Dugan]

I do not think Bitcoin is better than Gold and USD. Yes, Bitcoin is the most expensive and influential cryptocurrency of this period. Bitcoin preference is more than all the other crypto currency. Bitcoin acceptability is very high and it is increasing day by day. But it is better not to compare gold or USD with bitcoin. I saw many posts where Bitcoin is better than gold and USD. My point is that Bitcoin is the crypto currency, on the other hand, gold is one of the natural resources and USD is the real currency. So how is Bitcoin compared with gold or USD and is called Bitcoin gold and better than USD? Where Bitcoin Gold and USD are used in various different things and in different fields. Give your opinion.

Well, literally to be honest it is indeed better than gold and USD$. Probably, because of volatility of Bitcoin, though the reference value of Bitcoin was based on USD, but Bitcoin for me is not competing it anyway any form of business in online too. Although, if you are going to look at it literally, it has a similarity of ponzi scheme but the truth was not really actually.

Well if I walk down the road with either cash or gold I might get best half to death for it. Of I use credit card and bitcoin no one needs to know how much I have. I don't even kike the government to know how much money and asserts I have. It has nothingv to do with them and the fact they have access to all this info annoys me and is why I like crypto. Even if you rich you can have your finds frozen because apparently other people deserve more power over your money then you do. With bitcoin you cannot take it from me.

[smartbitcoininvestor]

Bitcoin is more volatile than the other two assets, so it can be attractive as an asset for many people. Gold has been a dependable store of value for millennias and works similar to Bitcoin in rarity and popularity. I would carry some of both Bitcoin and Gold. 

[bloodyvio]

IMO bitcoin is better than USD or fiat currency but no better than gold
what makes bitcoin have value is how to get it
to get it we have to mine using equipment that is not cheap (this is an investment in the form of mining equipment)
while on the other hand USD or other fiat money actually has no value
we are forced to believe in the value of this fiat currency

[Bes19]

I have to say bitcoin is better than USD but not on GOLD. Gold is still one of the best investment because of it's price stability, it's value never goes down while bitcoin on the other hand is volatile you will never when it will goes up or down.

[naufals4]

I do not think Bitcoin is better than Gold and USD. Yes, Bitcoin is the most expensive and influential cryptocurrency of this period. Bitcoin preference is more than all the other crypto currency. Bitcoin acceptability is very high and it is increasing day by day. But it is better not to compare gold or USD with bitcoin. I saw many posts where Bitcoin is better than gold and USD. My point is that Bitcoin is the crypto currency, on the other hand, gold is one of the natural resources and USD is the real currency. So how is Bitcoin compared with gold or USD and is called Bitcoin gold and better than USD? Where Bitcoin Gold and USD are used in various different things and in different fields. Give your opinion.

maybe what you say is true bitcoin is no better than USD or Gold. but that might be your perspective in comparing these three things in terms of risk because USD and Gold have a low risk because the movement of the price is very slow. While bitcoin is more at a higher risk but if the risk is higher then the profits that can be obtained will also be higher because the bitcoin price is still not stable

[Anonylz]

I really don't think bitcoin is better than gold or usd, reasons because they are totally different from each other with features and functions, bitcoin is a cryptocurrency, usd is fiat currency and gold is a valuable element and each have a distinctive function it performs,
You can't use btc or usd to make earnings, rings watches and so on.. but you can use usd to buy this items and maybe can also use btc(under probability)
usd is use for anything transaction and same as btc but only that usd is universally accepted,
Also the 3 can be considered as a store of value, so to me each of them has their own importance and differences.

[Moiyah]

Bitcoin and gold can be both an assets. It is not justifiable to compare the physical gold to the digital bitcoin. They have strong differences. For the one's who are open in new investments and technology, bitcoin is better to choose from. But the disadvantage of this is the flactuating price while gold on the other hand is increasing it's value as the time goes by. Anyhow, we can still prefer both and we don't have to choose any of them.

[AlexGryb1998]

I think Bitcoin is the most crucial coin, because it changed the area of economy. Of course, it hasn't stability but I know also this aspect will change. There so many negative comments about this, but are you perfect? Every day everything changes, all is stream. But how can we compare these things, they are related to different economic sectors. But what I can say with confidence is that this question is relative to money. And if we tie it with this resource, then everything is based on the fact that Bitcoin wins. Do you have another opinion? Please share with everyone!

[Yukyzu]

Bitcoin and gold can be both an assets. It is not justifiable to compare the physical gold to the digital bitcoin. They have strong differences. For the one's who are open in new investments and technology, bitcoin is better to choose from. But the disadvantage of this is the flactuating price while gold on the other hand is increasing it's value as the time goes by. Anyhow, we can still prefer both and we don't have to choose any of them.

I don't know, in this case bitcoin also still depends on the price of USD, and also gold. however bitcoin is not so perfect, because there are still many countries that have not accepted bitcoin as a substitute for USD, so most people exchange bitcoin with USD when they want to use it in a country that prohibits it. but we can be sure that this technology can compete with those two things.

[Naginiya]

Yes.Bitcoin is better than gold and USD. Because day by day its prize go up and up.After the world's first bitcoin transaction on 12 January 2009,bitcoin prize was 0.003 in 2010.Today the prize 7500$.Just compare the prize.More than 10000x growth.Have you ever seen like that?And it will go up and up some says it will go up to 100000$

[Apaxy]

Yes.Bitcoin is better than gold and USD. Because day by day its prize go up and up.After the world's first bitcoin transaction on 12 January 2009,bitcoin prize was 0.003 in 2010.Today the prize 7500$.Just compare the prize.More than 10000x growth.Have you ever seen like that?And it will go up and up some says it will go up to 100000$

I think that you should conduct an experiment and send from point A to point B for example 30,000 dollars.  But only in one case, send 30,000 dollars in dollar equivalent, and send another transfer to Bitcoin.  You should compare the time after which you can get your money, as well as the difficulties that must be accompanied by a bank transfer and due to the receipt of Bitcoin, Or maybe even its cashing.  And then you will have a real answer to the question posed. Which is better.

[ck343]

Bitcoin acceptability is very high and it is increasing day by day.

I don't know of any restaurants, grocery stores, clothes shops etc... in my city, accepting btc.
Institutions don't accept btc either as payment method.
Probably I misunderstand what you mean by acceptability.

[chichidori]

Bitcoin acceptability is very high and it is increasing day by day.

I don't know of any restaurants, grocery stores, clothes shops etc... in my city, accepting btc.
Institutions don't accept btc either as payment method.
Probably I misunderstand what you mean by acceptability.

There are some online shop and physical shop in various country that accept bitcoin but it is not known world wide locals knows about it, if you search there is a list of it.
bitcoin can never be as good as gold and fiat and that is a fact, the price can blow off the roof in the end it will be converted to fiat.

[ck343]

Bitcoin acceptability is very high and it is increasing day by day.

I don't know of any restaurants, grocery stores, clothes shops etc... in my city, accepting btc.
Institutions don't accept btc either as payment method.
Probably I misunderstand what you mean by acceptability.

There are some online shop and physical shop in various country that accept bitcoin but it is not known world wide locals knows about it, if you search there is a list of it.

I know about such lists.
My point is, these listed shops: 0,000... how much % of the total existing shops do they represent?

Bitcoin has maybe a higher acceptability compared to 10 years ago, but overall speaking its acceptability is near to zero.

[ck343]

@cryptocaster,
You are talking about physical gold.
How about gold certificates?
How about a gold-backes stablecoin?

Easy to handle just like Bitcoin
More accepted than Btc in stores because of tradition