BTC vs GOLD

[skarais]

The fact is that when trading gold, a trader does not carry metal with buckets from seller to buyer, but also operates with numbers in the market. In addition, today Bitcoin is mostly used as a speculative asset, while gold for many is a real storage. Undoubtedly in the future, Bitcoin will also achieve the same capabilities, but today the differences between Bitcoin and gold are significant.

In general, gold has various uses in the real world as a medium of exchange as well as jewelry. Gold is also widely traded and accepted among the rest of the world as a valuable asset, the level of confidence in gold may be much higher than that of bitcoin but the two are different asset. The innovation of bitcoin offers something different from gold, and this has taken bitcoin one step further as a means of payment in the modern era. These two asset are different, but have the same currency properties.

[Smartvirus]

Bitcoin is limited in supply while gold can still be mined and there is no finite limit. Also gold can be tempered while no one can tamper bitcoins.

This is the point that makes all the difference between the two. Bitcoin has value today due to it's use, intangible nature and the fact that, we can use it in transacting around the globe with little or no complications. Again, it's limited supply has made people attach a worth to it as a save of value being a rare commodity. This is the same function for which gold assumes and now, it's got a better competition in bitcoin and bitcoin is doing great so yeah, the gold market would certainly be affected but, slightly.

[Ronyah]

Economically bitcoin would be higest price then gold.
After All golds are using by jwelery.
Golds are favourite to womans and bitcoin to us. The future helds on bitcoin. 

So If u are just wants to compare the prices it should btc is one step ahead. But think about gold also 🙃

[MCobian]

There have been many articles comparing BTC and GOLD, both of which have advantages and disadvantages. Both are very good for investment,
but if we look at the current performance of Bitcoin, I will without doubt prefer Bitcoin over Gold. For me Bitcoin is better than Gold, because I did
invest in both of them, and it turns out that the profit I made was bigger than I got from Bitcoin. Even though I think Bitcoin is more profitable
than Gold, that doesn't mean investing in Gold is bad. I just see Bitcoin can make people get rich quicker.

[LeGaulois]

..

You guys compare a lot with the value but the price of Bitcoin or gold doesn't matter. It's not something you should focus on to compare BTC vs XAU.

They both have pros and cons and that's what you should use if you really want to compare both. Comparing the performance of each is irrelevant too. Gold is a store of value while Bitcoin is just used to speculate. People buying gold aren't really looking to make a profit but rather to protect their capital. While people buy BTC purely to make a profit.

People arguments that with Bitcoin you can send money quickly while not with Gold. It can be true, but why that matter to you? You don't spend bitcoins, you make a transaction twice a year and nothing else.

If the financial system collapse in the future (and it will happen) do you think people will accept gold or BTC? Your BTC won't help you much

Golds are favourite to womans and bitcoin to us. The future helds on bitcoin.  

I bet you're from India. I can tell you that we don't have the same culture depending on where we live. So while it's true in India the women and gold it's not the same in other countries

[syedakhlaque]

The people who like to store Gold. Now they prefer BTC and cryptocurrency. They have found much potential in trading, stalking, or mining bitcoin. The gold business is not so fast as bitcoin. Second thing is that for the gold trade, there needs a lot of money but the bitcoin business can be started with low money.BTC business is for all kinds of classes including the rich, middle class, and poor.BTC business is popular in all ages of life but gold business has not such kind of quality.

[airdata]

Golds are favourite to womans and bitcoin to us. The future helds on bitcoin. 

No friend, Nowadays many Women like Bitcoin becouse now they know about bitcoin, actually every smart person now know about bitcoin's advantage, so it is not acceptable that Women like Gold and Bitcoin only for us.       

[LeGaulois]

The people who like to store Gold. Now they prefer BTC and cryptocurrency.

Give me one single source saying people who used to hold gold have now turned to cryptocurrencies?
Argument your claim with data and not a blog post from someone living in a bubble.

They have found much potential in trading, stalking, or mining bitcoin.

People investing in gold are not looking to trade, otherwise, they would have invested somewhere else like stocks. You don't really trade with gold and they knew it before jumping it. You don't make tons of transactions like you do with cryptos jumping from on shitcoin to another.

 

The gold business is not so fast as bitcoin

Fast in what manner? Rising price? It's 2 different assets, with each different purpose, so it's something normal. You don't compare apples and oranges. It's like comparing Tesla stocks with rice's price.
Fast in the mass adoption? OMG, you're born thousands of years late. FYI, gold was centuries ago, THE money.

Second thing is that for the gold trade, there needs a lot of money but the bitcoin business can be started with low money

That's not even true, you don't know anything about it. Stop talking nonsense. You can invest in gold with $10
Can you do it with BTC. Not really, and if you do, with the TX fee, you're already losing a percentage in the value.

BTC business is for all kinds of classes including the rich, middle class, and poor.

Gold too. Then what?

BTC business is popular in all ages of life

That's a lie. You watch to much Netflix

but gold business has not such kind of quality.

Statistically, gold is much more popular than Bitcoin. Mathematics never lies.

[Riodarvg]

Bitcoin brings more benefits to investors and can make profits in the short term. And compared to gold, Bitcoin is easier to store and convenient to trade. With the popularity and use of cryptocurrency, Bitcoin will become the choice of more investors.

[bitzizzix]

If we compare about investing between gold and bitcoin understand the risk, I mean if you want low risk and low return, use gold.
and if you want high risk and high reward, use Bitcoin.
for example, if you invest $3,000 in Gold, you can earn $5,000-$6,000 if all goes well or $1,000 if not.
and if you invest $3,000 into Bitcoin you can get $100,000-$150,000 from it and that is if all goes well or $0 if not.
if we discuss the advantages and disadvantages of both the answer will remain the same, because this topic is often there.

[BaeSuzy]

Bitcoin is the hardest form of money ever created and more superior to gold in many ways. However, it is a nascent technology with more risk, but the upside potential is tremendous. Gold is currently more trusted and has proven itself as money for the past 5,000 years. Its a good idea to have both in your portfolio.

[Zanab247]

Bitcoin investment is not too easy to make money like Gold investment where you can invest with a little capital or request a loan from the bank to invest and start making progress instantly in the community. Bitcoin is unpredictable which you can never know when it will pump for you to start earning from your investment or dumping for you to avoid loss in the market. Many gold investors swatch to bitcoin investment during pandemic that was causing many challenges to the world economy and to other centralized currency which was giving bitcoin a massive pumping to prove to the world,The purpose it was created.

[_BlackStar]

Bitcoin is the hardest form of money ever created and more superior to gold in many ways. However, it is a nascent technology with more risk, but the upside potential is tremendous. Gold is currently more trusted and has proven itself as money for the past 5,000 years. Its a good idea to have both in your portfolio.

Before I got to know bitcoin then I had invested in gold and to this day I have some that I still keep and use every day. Bitcoin and gold are two different things but both can be used for profitable investment asset for years.

Bitcoin is increasingly being used as a mean of payment where nowadays bitcoin has real uses as a currency. It is a decentralized currency that sets it apart from gold. bitcoin offers a different kind of financial innovation while gold has established itself as one of the most sought after assets thousands of years ago until now. I have gold and I also have bitcoins, so I have no problem having both at the same time. Honestly I've never used gold like currency, but I've used bitcoin to buy things since I got to know it.

[geegaw]

Bitcoin is the hardest form of money ever created and more superior to gold in many ways. However, it is a nascent technology with more risk, but the upside potential is tremendous. Gold is currently more trusted and has proven itself as money for the past 5,000 years. Its a good idea to have both in your portfolio.

Before I got to know bitcoin then I had invested in gold and to this day I have some that I still keep and use every day. Bitcoin and gold are two different things but both can be used for profitable investment asset for years.

Bitcoin is increasingly being used as a mean of payment where nowadays bitcoin has real uses as a currency. It is a decentralized currency that sets it apart from gold. bitcoin offers a different kind of financial innovation while gold has established itself as one of the most sought after assets thousands of years ago until now. I have gold and I also have bitcoins, so I have no problem having both at the same time. Honestly I've never used gold like currency, but I've used bitcoin to buy things since I got to know it.

There is no denying that the intention to use bitcoin for payment is increasing massively but the intention is probably more than fact, more precise, too many assumptions and chances of use but there are no official numbers or reports of this use, although there are few countries exception for usage but users don't have the payment experience as you mentioned, perhaps the currency is just a fictional assumption as well as an illusion of the value of bitcoin. Gold has no such fiction, its very sincere nature makes it less volatile and difficult compared to bitcoin but nonfiction allows it to remain unchanged over time

[ReiMomo]

According to JP Morgan BTC has affected Gold market and increase in popularity of Cryptocurrencies will impact Gold market.
What you guys think about that?


Courtesy- Financial Express

The recent ATH of Bitcoin has really changed a lot. Media is another reason taking this news to every Investors from different market. Mainly those who were into trading on stock markets, have turned to Bitcoin and crypto currencies with unusual size of amount. Bitcoin proved everyone that long term investment would yield a huge profit when comparing to gold return. Hence almost the large investors / whales are looking upon Bitcoin.

[barabarian1]

people find how dangerous bitcoin affect the other thing, like investment. people attract with big 'boom' than the small one.
what i believe is, im sure that crypto affect the other part of this world, and in the middle of our life, it will be great thing to have, but gold will be there until the end of time. the point is, they will shock the other but gold will last forever

[deadmousehat]

Bitcoin doesn't really affect gold because of different markets and of course different investment strategies. the price of gold looks more stable suitable for storing wealth while bitcoin in my opinion is the most popular investment now because the price can rise significantly in just a few months

[redwine49]

i think yes, it will impact gold market.

In general, gold has various uses in the real world as a medium of exchange as well as jewelry. Gold is also widely traded and accepted among the rest of the world as a valuable asset, the level of confidence in gold may be much higher than that of bitcoin but the two are different asset. The innovation of bitcoin offers something different from gold, and this has taken bitcoin one step further as a means of payment in the modern era. These two asset are different, but have the same currency properties.

just like as he said. gold has some different usecase than bitcoin.
jewelry market already exist for more than thousand years

[Dump3er]

Bitcoin doesn't really affect gold because of different markets and of course different investment strategies. the price of gold looks more stable suitable for storing wealth while bitcoin in my opinion is the most popular investment now because the price can rise significantly in just a few months

It does affect gold in that Bitcoin draws away attention from gold as one major investment alternative. I have no statistics at hand right now, but I can imagine that people who decided to buy some gold 12 years ago now rather look into cryptocurrencies and invest their money there. Crypto definitely drew attention away from long established investment markets.

[pushups44]

Gold is a good way to hedge against inflation but it does not have the growth potential of bitcoin, its digital counterpart. I am glad I sold most of my gold and bought crypto years ago - it paid off. So I take Peter Schiff and gold bugs like him less seriously now - though he may have a good point now and then.