Bitcoin VS Gold - What is better for long term investors?

[crabby]

Hi Everyone!

I think it's time we had a serious discussion on whether or not Bitcoin is a better store of value than Gold. This topic has caused a lot of controversy over the last few years, so I would love to hear your thoughts.

Which asset do you think is a better store of value?

I wrote up some of my thoughts on whether Bitcoin or Gold is a better store of value.

However, I'm certainly open to changing my mind!

Looking forward to the conversation.

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[OcTradism]

Bitcoin and Gold are both assets for storage. They are both volatile but bitcoin has more volatility and it has more waves than gold. If you are traders or speculators, bitcoin is the way to go. But yeah, in this topic, you ask about investors, it will different a little bit.

- Bitcoin is on its way to go the the Moon. It is heating up after the halving in the last year and this year will be a witness year for another Moon ride of bitcoin. You can invest in bitcoin if you are brave enough to ignore all drama, FUDs on the road.
- Gold is another good asset for you to invest. With gold, you will have less pressure from FUDs and you might feel safer with its lower price than bitcoin.

[GreatArkansas]

There lot of similarities and the same time difference of these two store of value.
But for me, you can say analog version is the gold and the digital version is the Bitcoin. As we know, analog is kinda for old schools, and digital is new and most popular these days. That's why I can say, gold is for traditional way and Bitcoin is for modern way.

[LimLims]

Investment is a lengthy process and it yields little profits in longer time.
When we have options to invest, i will rather go for Bitcoins then Gold.
Bitcoins can be stored digitally but for storing the precious stone we need a place physically and that’s risky.
Moreover we can sell Bitcoins easily whenever we want, but for selling gold, we need perfect dealer and rates and there is also many commissions to sell.
I know this might be every people’s thought, but yes somehow i find this helpful over Gold.
Hope this is something interesting for you OP.

[Jawhead999]

There's tons various topic discuss BTC vs GOLD, when this debate will be ended?

• Bitcoin VS. GOLD
• BTC vs GOLD
• Bitcoin versus Gold, the conflict
• Bitcoin vs Gold Debate Settled
• Bitcoin vs Gold? Which one you would choose to invest for long term? Why ?

Any kinds investment always have a risk inside, but each investment has different/variety about the risk. Gold has been exist from long time ago, the price is much stable and will not bring crazy return.

Bitcoin exist 10 years ago, it's still fairly new and has very potential to reach crazy amount in the future... but the risk is very high.

If you have heart attack or any kind mentality ill better choose Gold and hold Bitcoin for little amount. Bitcoin holders must have good mentality and prepare the worst situation on the market.

[Betaj00]

Gold vs Bitcoin this topic has more popular on this time, i see that many people always doing Practicing about this topic. We know that Gold is a important part of our Life. People save gold for the future. 100% people know about Gold but i think 100% people don’t know about bitcoin. But as my personal  opinion bitcoin is Bettar than Gold.

[rodskee]

I think You may check this Link and find it out yourself , if whats the advantage and disadvantages of Gold and Bitcoin being Long term investing.

Source : https://www.coindesk.com/bitcoin-gold-better-long-term-bet

Im Always favor for Bitcoin or meaning Cryptocurrency , because first the Growth may take Huge and short time.

While in Gold mostly taking Years and the Profit is So Low.

But of course depend on your desire and beliefs .

[marcbitcoins]

Actually, It is very difficult to choose between these 2 commodities because they are both recognized as good investments but I choose gold because it is most popular than Bitcoin maybe because it has a physical appearance and a long trusted traditional investment in which it will surely last long for many more decades. Bitcoin is very risky because of its volatility and we all know this.

[Lorence.xD]

Actually, It is very difficult to choose between these 2 commodities because they are both recognized good investments but I choose gold because it is most popular than Bitcoin maybe because it has a physical appearance and a long trusted traditional investment in which it will surely last long for many more decades. Bitcoin is very risky because of its volatility and we all know this.

You also have to consider that you have to pay some miscellaneous fees when you want to get your hands on gold, and most of the time they will not give it to you and they will be asking you to pay a storage fee for your precious gold which is taxing for your time and your wallet, yes gold is a good investment but I wouldn't necessarily say that it is a long term one. Bitcoin on the other hand, you just need a wallet and buy some with your cash and put it on your wallet and then leave it somewhere that you will not forget to look for but at the same time safe, bitcoin is a better long term because when you look at the market prices since inception, the growth is evident that is far higher than any blue chip companies. You can play safe and invest in both, you know what they say, do not put your eggs in one basket.

[finaleshot2016]

This is a topic for about how many years and it's obvious what's the answer on this.

Gold is one of the practical investment, it will appreciate more than depreciate as time goes by so it'll guarantee you a profit soon. Unlike in bitcoin, we still don't know if it'll resist to it's current ATH right now but for me, I think it'll do when halving occur again. It already shows its potential for how many years and many of us are gaining profit from here.

Also, these 2 asset are very different, shouldn't be compared to one another. If you're a wise investor, you'll invest on both because both are worth it for long-term.

[Saltius]

When comparing BTC vs Gold, just keep in mind this:

If one point could also be used to promote shitcoin over BTC, then it is not valid for BTC's superiority over Gold.

[begau]

We buy gold and we buy bitcoin 10 years ago, our balance is very different now. Bitcoin is a better store of value when comparing value, it is clear.

[BlackHatCoiner]

Well they're not similar to compare. Bitcoin is a wildly fluctuating asset, that is most likely to have a bright future, and gold is a metal that is known for keeping your savings' value. If we compare them as a long term investment, I don't need to point what's a better choice. Although, if the person wants just to store his value, then he would go with gold. But this is what the majority would do.

I would personally go with bitcoin, whether I want a long term investment or to store value.

[maydna]

It will be a different perception of what is better for the long term investors, and I think we don't have to compare Bitcoin and gold. People who believe in bitcoin will say that bitcoin will be better than gold. But if you ask about that to people out there, you will get the answer that they like gold for long term investment. But for me, I like to have both bitcoin and gold because both can give me a profit in the long term, and bitcoin will also give me a short-term profit.

The investor will find another thing that can profit in the short, medium, and long term. They will not stop to search that way to grow their money in the long term.

[scottsanderman12]

3 reasons why Bitcoin is better than gold:
Portability

Portability is obviously the first aspect that comes to one’s mind when comparing these two assets. Portability is the main feature of a currency as it allows individuals to seamlessly transfer value without any difficulty.

It may be easier to transfer $1 million worth of gold compared to $1 million worth of oil but can we do better? Bitcoin is naturally superior compared to precious and rare metals when it comes to portability as it only takes a few clicks to transfer value.

One million worth of gold weighs around 220 pounds. Besides the weight, we also need to account for the means of transportation, carry load, and security.

Depending on where you want to ship gold, it might take days if not weeks to do so. Administrative problems such as documenting the transfer and dealing with customs is yet another problem.

Fungibility

Fungibility is an aspect that determines the ‘sameness’ of an asset. For example, two pounds of gold will have the same exact value as another set of two pounds of gold. This feature can be found in many other financial instruments, such as stocks, bonds, and even currencies.

The same can be said for Bitcoin. One BTC will always be equal to one BTC. The digital asset may be incredibly volatile in terms of value, but the coins themselves will always equal the same amount at a specific point in time.

For some in the industry, the fungibility of Bitcoin is debatable. The entire argument pours down to the traceability of transactions on the Bitcoin network. This creates situations in which certain coins are deemed to be illegal and are therefore banned for selling by exchanges.

But given that decentralized exchanges and other operators do not flag certain coins, the problem remains theoretical. In fact, Bitcoin is even more fungible compared to other traditional assets given that the sameness of coins is digitally coded and enforced.

Divisibility

The last aspect of ‘good money’ is divisibility. As the name implies, divisibility is a feature that enables an asset or currency to be split into smaller units.  For example, gold can be cut down into smaller units and sizes and the asset will still retain its value in a specific denomination.

But Bitcoin is far better in this case given that every single coin is made up of one hundred million units called satoshis. With up to eight decimal places, it is easier to divide Bitcoin into smaller units than gold or other assets. The process is also seamless as well and does not require any physical actions or changes.

[Charles-Tim]

There lot of similarities and the same time difference of these two store of value.
But for me, you can say analog version is the gold and the digital version is the Bitcoin. As we know, analog is kinda for old schools, and digital is new and most popular these days. That's why I can say, gold is for traditional way and Bitcoin is for modern way.

There are still some more differences, but I will like to mention the most important ones, and it is the reason some institutions are turning aways from gold into investing in bitcoin, just like Microstrategy. The limited the supply of an asset, the more the value which will reflect in the price, Bitcoin has a limited supply of only 21 million btc, this will be the total bitcoin that will be in circualtion, this could make Bitcoin more valuable than gold in the future. Gold does not have a milited supply, even if it has, the total supply is very huge in a way gold miners will continue to mine it for ages, that is why the price of gold has not gone up than what it actually is now. Bitcoin is artificially made but digital while gold is natural is another difference.

[virtualdn]

Gold is so outdated, good for jewelry if you ask me.

[tinopener]

It's only a good store of value if it is good value when you buy it.

No harm in keeping an eye on gold and dipping your toes when the bitcoin / gold ratio is high.

I'm also intrigued about that the gold / silver ratio is affected by bitcoin so I will be keeping an eye on that too.

[SasukeFire]

Gold and Bitcoin are allies and not enemies. Invest in both.
The stimulus money is making the Dollar inflated then making Gold and Bitcoin deflated.
To get new people into Bitcoin, I would start calling Bitcoin as Digital Gold, it's the Digital Gold Standard to help them understand it better.

[Shasha80]

Before knowing Bitcoin I believed that GOLD was the best investment for the long term. But since getting to know Bitcoin little by little I have come
to believe that Bitcoin is much more profitable for long-term investments. Because since I started investing in Bitcoin in 2016 until now, I can get
a much bigger profit than my investment in GOLD. Because the Bitcoin price is very volatile, so it can provide a much greater profit than GOLD.
Even though investing in Bitcoin has a much bigger risk than GOLD. I still choose Bitcoin over GOLD.