Bitcoin outperforming Gold

[sallybein987]

Both Gold and Bitcoin are seen as stores of value, as protection from political and economic turmoil, and as safe havens from the unbridled expansion and subsequent devaluation of major fiat currencies like the US dollar. Both will continue to be used by investors to preserve least a portion of their wealth. But Bitcoin has some inherent advantages over gold, advantages unique to today’s fast-paced electronic world that will enable Bitcoin outperform Gold for a long time to come.

[tanglong]

This been a point of debate for long, Bitcoin vs Gold - the best safe haven asset. Can we all agree now that Bitcoin has clearly outperformed Gold?

What are your thoughts?

Even CNBC recently acknowledged this

https://twitter.com/CryptoShine/status/1347393470999105539

Mainstream media is finally catching up and they got no choice

Bitcoin is getting hotter and more valuable than gold at the moment, and Bitcoin's market cap of $761.5 billion has even surpassed Facebook's $722.11 billion. So Bitcoin has a huge attraction and is at the heart of globalization.

[vaultman]

I would not invest everything in bitcoin, gold is less volatile and has practical applications in life. If you turn off the Internet all over the world or if your country isolates the Internet from the general network, then in fact, all your assets will be lost. But nevertheless, bitcoin is the future, so it is obvious that you should have bitcoins for now.

[Mr.sprin]

bitcoin and gold can not be compared, both are equally good, but gold is stable, not easy to change in a certain period of time, but bitcoin can change in price unexpectedly, bitcoin investment is a big risk and the profit is also large. Gold investment is not risky you need to save in long term and you will make a profit.

[ilhamsugihamin]

In my opinion, it depends on those of you who want to feel high risk, but if you are very lucky, choose bitcoin and if you are looking for long-term savings without risk, choose gold because the price of bitcoin is said to be unstable, unlike stable gold.

[pecson134]

It is still not concrete that bitcoins outperforms gold at all aspects. Gold had a more stable price compared to bitcoins which is still up to now was very volatile. Bitcoin can't be a safe haven for storing our wealth or assets since it may have unexpected changes of price yielding to a high lost value if things gone haywire.

[iTradeChips]

Bitcoin is a better investment for short-term potential gain—but you also have the potential to lose a lot of money. Gold, however, is a stable investment that is almost guaranteed to return on your investment in the long term.

It is inevitable that bitcoin is much preferred investment right now instead of Gold. So in a sense, we can all be glad that a digital coin is getting to the top and that people can smartly invest on it so that they can earn a profit. Anyway , as for me I also invest in gold especially small coins and jewelry because it is tangible, and I think it is also because of tradition. Anyway we can simply try to multiply our digital and physical assets and we should be alright.

[Amon1231]

I think bitcoin outperforms gold in terms of digital investment and trading, and also bitcoin is a hassle-free asset.

[YOSHIE]

This been a point of debate for long, Bitcoin vs Gold - the best safe haven asset. Can we all agree now that Bitcoin has clearly outperformed Gold?

What does Gold have to do with Bitcoin, obviously the difference does not exist in everything, too naive to compare gold with Bitcoin.

I have never compared gold to Bitcoin, it certainly has no equal.
• Bitcoin is a traded asset in 2009, with the sophistication of technology and the internet today, if you compare Bitcoin vs WBTC it matches the same coin, not the gold level compared to Bitcoin.
In terms of price there is no valuation at all Bitcoin is traded on the crypto market and gold is traded in the real market, measurements also differ in grams and kilos, not one or 0.000 like Bitcoin.
• Gold has been circulating since this world existed to be used as jewelry for humans in this world, the price also cannot be associated with Bitcoin.

Gold has never surpassed Bitcoin and Bitcoin has never surpassed Gold, they are two different things in this world.

[bryant.coleman]

Actually this is interesting. I was expecting the gold prices to go up significantly, as the fiat currencies are getting devalued. But that is not happening. One theory is that in countries such as India, a lot of people are selling their gold holdings. Huge number of people have become unemployed as a result of COVID 19, and some of them are surviving by selling whatever bullion holdings they have.

[dunfida]

Why do really try to force on talking how bitcoin outperformed Gold? I agree on what Forbes had published on about Bitcoin is not like gold
https://www.forbes.com/sites/rogerhuang/2020/03/16/bitcoin-is-not-like-gold/?sh=31d174f22191 They have their own differences which is obvious.
Just let it be on  how they do differ in different aspects which its normal or not surprising after all.When you make out some investment decisions
then you can freely choose according to your likes.

[MCobian]

The fact is Bitcoin is outperforming Gold, because if you look at the increase in the price of the two assets it is clear Bitcoin is outperforming Gold.
But that doesn't mean Gold is bad, it's just that for now if we want to make more money we can invest in Bitcoin than Gold. Therefore, it is
the reason many institutions are starting to realize that Bitcoin can provide enormous profits in the future. So little by little some institutions started
buying Bitcoin, which made Bitcoin go up very drastically and managed to reach a price of $ 41,000 this year.

[AmoreJaz]

The fact is Bitcoin is outperforming Gold, because if you look at the increase in the price of the two assets it is clear Bitcoin is outperforming Gold.
But that doesn't mean Gold is bad, it's just that for now if we want to make more money we can invest in Bitcoin than Gold. Therefore, it is
the reason many institutions are starting to realize that Bitcoin can provide enormous profits in the future. So little by little some institutions started
buying Bitcoin, which made Bitcoin go up very drastically and managed to reach a price of $ 41,000 this year.

if you compare it in terms of price, yes, btc is outperforming gold. but remember, the stability of gold in terms of investment. as you can see, people are more at peace having gold in their possessions. it will not drop its price big time. but with btc, you are in a roller coaster ride. just like now, a lot of those holders or buyers who bought at 30k+ level are now in alarm mode. as you cant tell where the price is going, you just hope that it will go up soon again.
so if you want a relatively peaceful life, one will choose gold over btc. but if you want high risk investment, you can opt for some btc stash.

[Ridwan Fauzi]

I guess gold has beaten by bitcoin for a long time, not only now. The gold price only touched $2000 as its all time high and until now its never reach again. But as you can how bitcoin price movement, have you compare them?

First of all as you can see at 2017 ago when bitcoin price touched $20.000, the gold price did have a good price movement at that time. Now, after bitcoin price touched $3500 from $20.000 the price just increased a lot to $42.000.

There is nothing to compate, the people just attracted to choose bitcoin rather gold for a long time. They are now enjoying the decisions he made several years ago.

[sherryDEFI]

1. Both Bitcoin and gold are considered scarce. There is no upper limit on the supply of gold, but it is scarce and durable; the total supply of Bitcoin is 21 million. Unlike traditional financial markets, the value of the two will not evaporate due to unlimited money printing or currency devaluation.
2. Gold is a physical asset, while Bitcoin is a digital asset. The two are not related to other popular asset classes in the portfolio, which provides protection for diversified income.

[Sithara007]

We should be careful while making outlandish claims about Bitcoin. Although the returns from gold was not as high as that of Bitcoin (in percentage terms), the fact can't be ignored that gold commands such a huge market capitalization (~11 trillion USD), and it is having world wide acceptability. Bitcoin is noway near gold if we take these parameters into consideration. My personal opinion is that it is too early to compare Bitcoin with gold. We need to wait for a few more years, so that we can offer meaningful competition to gold.

[Natsuu]

I guess gold has beaten by bitcoin for a long time, not only now. The gold price only touched $2000 as its all time high and until now its never reach again. But as you can how bitcoin price movement, have you compare them?

First of all as you can see at 2017 ago when bitcoin price touched $20.000, the gold price did have a good price movement at that time. Now, after bitcoin price touched $3500 from $20.000 the price just increased a lot to $42.000.

There is nothing to compate, the people just attracted to choose bitcoin rather gold for a long time. They are now enjoying the decisions he made several years ago.

If we are talking about the price, yes, BTC surpasses gold long time ago. But, if you will look at the stability and volality, GOLD is in the upperhand.

I think I can relate this to games, as this is where I am good at and know of.

This is like crit rate(%) and crit damage. Crit rate represents Gold, and Crit damage represents BTC. With high crit rate and an average crit damage, you can sustain a moderately high amount of damage overtime, on the other hand, if you have a high crit damage with average crit rate, your damage may reach high amount but this chance is very low thus you can only do it about 5 times in average for every minute.

[kryptqnick]

Can we all agree now that Bitcoin has clearly outperformed Gold?

Well, obviously bitcoin outperformed gold because of the huge price rise we've had while gold remained quite stagnant as per usual. We don't even need to agree nor disagree, as bitcoin outperforming gold isn't even an opinion, but a mere fact.

Yeah, I agree. It's enough to just look at the price charts to see the striking differences.
Over the last 12 years, gold went from $726 (per oz) to $1900 in 2011, and then down to around $1200 in 2014, and it stayed more or less at this level without major changes until 2019. Then it went to $1500 at the end of 2019 and hit the record price of $2070 per oz in August of 2020.
Bitcoin, meanwhile, went from less than a dollar (top price chart websites unfortunately don't have data prior to 2013, so it's a rough estimate) to around $1000 in 2013, and then was worth hundreds of dollars for a few years until 2017 when it not only surpassed the $1k price, but went all the way to $20k. Then the price went down and remained largely within $6k-$8k limits till 2020 when it rose to the previous ATH and the new one which is nearly 2x higher than the 2017 one was established in January of 2021.
There's just way more movement going on, and the changes are way more significant in percentage when it comes to Bitcoin.

[tinopener]

Don't forget silver.

The gold/silver ratio suggests that there may be an inverse correlation between BTC/Gold, as silver seems to have held up better the last couple of months:

https://www.bullionbypost.co.uk/price-ratio/gold/silver/threemonth/

[Wipeout2097]

Bitcoin cost is unstable, and this is opportunity for buyer and seller. It is not sure that BTC price will be steady, But In my opinion that bitcoin outperforms gold in cost, but not in its stability. If you look for long term spare of your resource, without the hazard of it diminished in esteem, at that point go for gold. But in case you're a risk-taker, and looks for a long term venture, and get in the Bitcoin because the future of Bitcoin is bright.