Do you still have thoughts of picking Gold over Bitcoin, read this.

[ene1980]

~
Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles. I would prefer my investment in an asset that could give me higher double digits gains than an asset that can barely gives strong double digits gains and yet been called the safe heaven when it also poses same risk of a lost in value during trying times.

Everyone invests in gold because it is a safe heaven with less volatility but you cannot expect them to rally like we see in cryptocurrency. If you like taking risk and investing in Bitcoin, it is your choice but majority like to have a more stable asset they can trust during crisis situation especially during a war or during economic meltdown and you cannot predict what would be the state of cryptocurrency during those crisis phase.

[oktana]

Bitcoin and Gold are both cool investment. You cannot fully blame those who pick Gold over Bitcoin because Bitcoin has a higher volatility than Gold. Some people prefer slow and steady than something that isn't fully stable. Imagine buying Bitcoin at $46k and then tomorrow morning it's at $43k. You may say it's not a problem because you believe it'll come back up but not everyone can handle it. Both investments have their advantages and disadvantages.

In the last few years, the growth rate of Bitcoin has been 100 times higher than that of Gold. So it doesn't work to compare Bitcoin with gold. Gold will never come close to the growth rate of Bitcoin.

Gold is for weak-hearted old people, New generation is always welcome to changes/revolution.

Just had to pick out certain things that you said. Here's the thing; you cannot really compare both assets. Bitcoin has been 1000 higher than gold. But understand that there's quite some risks too. Gold doesn't fluctuate like Bitcoin. In as much as Bitcoin can pump to as high as it can, it can also dump with such speed. So, don't make Bitcoin seem like the god here. They are both in the same category and have their pros and cons.

[KennyR]

snip

many people still have no knowledge about investing, on average it happens because they don't want to accept new things.  Bitcoin is much more profitable than gold even though the price is volatile.  gold is an investment for people who have a safe mind and old man, while Bitcoin is a promising investment that many people who have great minds buy.

Bitcoin is much more profitable than gold, but what the common man think is liquidity. I don't say bitcoin doesn't have liquidity, but we haven't got access to provide bitcoin as a collateral on a banking system and get loans. Maybe in the future this can happen as some banks have started to work with cryptocurrency.

Common people always get into the risk free form of savings than risky investments. The market fluctuation has the potential to bring big profit as well as end into loss if we don't play good. This makes them choose gold over bitcoin even when they knew bitcoin has the potential to give big profit than gold.

[yazher]

Bitcoin and Gold are both cool investment. You cannot fully blame those who pick Gold over Bitcoin because Bitcoin has a higher volatility than Gold. Some people prefer slow and steady than something that isn't fully stable. Imagine buying Bitcoin at $46k and then tomorrow morning it's at $43k. You may say it's not a problem because you believe it'll come back up but not everyone can handle it. Both investments have their advantages and disadvantages.

Those guys who choose gold over bitcoins don't think about profit anymore they just wanted to keep the value of their assets as safe as possible. When people want to take the risks for their assets to grow, bitcoins are the right answer for that but of course with proper research and patience to hold it until the right price to sell it comes. Many people are still hard-headed that they won't take any risk to grow their money because they've worked hard for it but those who have some courage to do so, has already got some successful results.

[Levero]

Gold has a long history in history. It is almost the same as the history of human civilization. It has gone through many historical tests, and people all over the world now recognize the value of circulating gold. Investing in gold has a clear profit. Although the profit is relatively slow, it faces less risk and is safer.
With the emergence and popularity of Bitcoin, more people are now aware of the benefits of Bitcoin and choose to invest in Bitcoin.
The number of bitcoins is constant, with a total of only 21 million, and will never be issued. From the perspective of scarcity, Bitcoin has a lot of room for appreciation in the future value.
Compared with gold, Bitcoin is more portable and easier to store. Save Bitcoin in the wallet and store the private key to make transactions and transfers on the Internet, and cross-border transactions are more convenient and faster.

[Renampun]

The thought of investing in gold before getting to know Bitcoin, I believe many people out there also invest in gold because they don't know Bitcoin or don't understand and know how the benefits will be if investing in Bitcoin. if there are still people who still choose to invest in gold, those are people who don't want to take risks in their investments of course as you said, the higher the risk, the greater the opportunity for profit, meaning if there are still people who don't want to take risks, it means they don't want to lose their assets even if no profit is made.

There are still many out there who don't want to take any risks...

It's true that investing in bitcoin is full of risks, but the profit that can be obtained is very much in accordance with the amount of risk that may be obtained. those who only believe in gold and don't choose bitcoin are definitely not people who dare to take risks.

[kotajikikox]

It's quite surprising how people still consider gold a more profitable investment than Bitcoin. Guess they're not familiar with the saying, 'the higher the risk, the greater the reward'. Although this doesn't mean you should go taking uncalculated risk as that'll be a deadly move that could cost you all your funds. Bitcoin has shown time without number that it's the better investment vehicle than Gold and it just did it again

Just came across this article and think it'll be best I shared it here for the doubters still hoping for their previous metal to recover while they keep on missing out on the chance to partake in one of life greatest innovation.

As of Tuesday, fresh data shows that Gold/USD traded 3.7% lower than it did in the same day in 2011.
Source: https://cointelegraph.com/news/one-bitcoin-now-buys-0-6-kilograms-of-gold-as-10-year-returns-turn-negative

Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles. I would prefer my investment in an asset that could give me higher double digits gains than an asset that can barely gives strong double digits gains and yet been called the safe heaven when it also poses same risk of a lost in value during trying times.

only those kind of people that afraid of the risk are investing in Gold instead of Bitcoin because they tend to put their money with small chance of losing yet they are gaining only a little comparing to bitcoin.

imagine gold gaining 1-10% per annum when in bitcoin you can earn more than 10x of your investments in a matter of 1-5 years.

but lets respect their decision as they own the funds , and lets just do our things in crypto as we have already experience the profit and not afraid of losing.

[junmisakiro]

Gold is an investment or hedging asset that has been popular for a long time, although they realize that investing in gold will only provide a small return, they feel very safe investing in gold so far, so they don't want to try to switch to other investments. But if I personally prefer bitcoin over gold as an investment even though bitcoin has a higher risk than gold.

[skybot13x]

I don't see a problem in picking up gold though. You need to understand one things first. Gold is not an investment! It is being used since ages for capital protection. Gold has other uses as well but let's just talk about its main use and that is capital protection. Also gold is extremely liquid which you can sell it at any point of time if you are in need of money. So there no way traditional people will choose bitcoin over gold. Because they prefer peace of mind.

In the other hand, bitcoin is for the aggressive investors who are willing to take risk in the market and also have a good amount of time in hand. That's why mostly millenials use bitcoin for investment. They can take risk and have longer period for investment.

So you see, not all investments are made for profit only! There are different goals for different types of investment. Let's just stop comparing cryptos with gold. It doesn't make sense!

But in terms of liquidation speed, availability, divisibility and mobility gold has zero chance to compete with Bitcoin. If you hold physical gold in your basement, you are by far inferiorly situated in terms of the aforementioned characteristics compared to holding Bitcoin. Now you could argue that nobody holds physical gold, but that is where the analogy of not your keys not your Bitcoin comes into play, and that would be not your physical gold not your gold.

The only comparison now between Gold and Bitcoin is how they are at different ends
of a spectrum. One is old school and has its decorative, technology and medical uses
and is antiquated in terms of investment, the other is a game changer in finance,
investment and technology.

In terms of individual personal aquisition they dont compare well, anyone can
own and hold Bitcoin, where do I buy $45,000 of Gold, How do I store it and where
can I spend it?

Not sure you understood me or just rephrased what I said, but what you said is just what I said!

That's the problem, you can only purchase certificates or any other derivative, but holding physical gold, especially in larger amounts, is totally impractical. The only advantage gold has over Bitcoin is its use cases apart from being a store of value. But even there you could argue that Bitcoin has use cases that go way beyond what Gold could ever achieve. There are still hardcore Gold maximalists there days though who now feel afraid that an algorithmic currency is going to destroy their dream to become rich with precious metals.

[Maslate]

The thought of investing in gold before getting to know Bitcoin, I believe many people out there also invest in gold because they don't know Bitcoin or don't understand and know how the benefits will be if investing in Bitcoin. if there are still people who still choose to invest in gold, those are people who don't want to take risks in their investments of course as you said, the higher the risk, the greater the opportunity for profit, meaning if there are still people who don't want to take risks, it means they don't want to lose their assets even if no profit is made.

There are still many out there who don't want to take any risks...

It's true that investing in bitcoin is full of risks, but the profit that can be obtained is very much in accordance with the amount of risk that may be obtained. those who only believe in gold and don't choose bitcoin are definitely not people who dare to take risks.

I understand the capabilities and market understanding will serve as the hindrance of having an interest in Bitcoin investment. I don't blame them if not investing in Bitcoin as they have the choice of what they will prioritize and sad to say that poor people are less fortunate. If we all just have the capacity to invest, I think that the 21mil Bitcoin market supply has already been reached or the value of Bitcoin is higher than its current price.

[Igebotz]

Still, considering gold as a store of value? Someone should reach out to Peterschiff dude is in a terrible mess

It's quite surprising how people still consider gold a more profitable investment than Bitcoin. Guess they're not familiar with the saying, 'the higher the risk, the greater the reward'. Although this doesn't mean you should go taking uncalculated risk as that'll be a deadly move that could cost you all your funds. Bitcoin has shown time without number that it's the better investment vehicle than Gold and it just did it again

[TelolettOm]

So confusing haha
Because Gold is very valuable. But, Bitcoin is also very valuable. Can we take both than only picking one?
In my belief, Gold is something that is also important to have because of its value.
However, I also know Bitcoin and although this is riskier, this is also very valuable and can give me more money than gold.
so, it may be better for me to have both if I can do more.

[B-Bit]

Both are scarcity limits. It is okay to invest in gold or bitcoin. You have enough money, and you can invest both together.
Gold is a relatively stable investment, and gold also has value preservation. Compared to Bitcoin, gold is an entity.
The volatility of Bitcoin provides investment opportunities for everyone. Bitcoin is a technology. Technology is higher than product.
I will choose to invest in Bitcoin.

[ethereumhunter]

Bitcoin is a good long-term and liquid investment at any given time. Gold is also a good investment but has little increase in value compared to Bitcoin.I would choose Bitcoin and gold because they are both good. Of course most of my money will be in Bitcoin.

People choose gold because the gold value is more stable compare to bitcoin. If they know that using bitcoin as their investment can give them a big profit in the future, they will also use bitcoin for their investment, even they will use bitcoin for the main investment instead of using gold. But they can still use gold for the investment. Yes, I also choose bitcoin and gold for my investment and bitcoin will become my main investment.

[Saltius]

Do you still have thoughts of picking Bitcoin over Ethereum(Or any shitcoins being pumped higher).

Haven't you guys realised that any arguements you made against gold for bitcoin that can be simply changed and used against bitcoin for shitcoins, are invalid.

[isaac_clarke22]

Well just because it is volatile does not make it not manageable. There are just those people going crazy over the "volatile" price of Bitcoin making them think that they'll easily lose their money.
Sure, they'll lose their money if they had invested everything in their stash but if they just invest something that they don't mind losing, it's manageable.
Oh and gold is regulated as well. I don't want anyone involved when I hold my investment. My money, my responsibility. I don't want any other authorities involved.

[Wakate]

It's quite surprising how people still consider gold a more profitable investment than Bitcoin. Guess they're not familiar with the saying, 'the higher the risk, the greater the reward'. Although this doesn't mean you should go taking uncalculated risk as that'll be a deadly move that could cost you all your funds. Bitcoin has shown time without number that it's the better investment vehicle than Gold and it just did it again

Just came across this article and think it'll be best I shared it here for the doubters still hoping for their previous metal to recover while they keep on missing out on the chance to partake in one of life greatest innovation.

As of Tuesday, fresh data shows that Gold/USD traded 3.7% lower than it did in the same day in 2011.
Source: https://cointelegraph.com/news/one-bitcoin-now-buys-0-6-kilograms-of-gold-as-10-year-returns-turn-negative

Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles. I would prefer my investment in an asset that could give me higher double digits gains than an asset that can barely gives strong double digits gains and yet been called the safe heaven when it also poses same risk of a lost in value during trying times.

To reason with you, then I think we have to ask ourselves these question. Since the existence of Gold as an asset, how many persons had it enriched? Probably the rich and those who could mine it, having an excess to it. Only the rich could buy gold, so what happened to the poor masses. Gold is limited since it existence with few number of persons having it in custody.

✓Now let's looks at Bitcoin, with the few supplies of Bitcoin so many investors had been enriched by just buying and holding.

 ✓Bitcoin had really create a chance for other development of coins expanding the cryptocurrency market.

✓A lots of job opportunities had being created increasing the numbers of wealthy persons on this planet Earth. There are many reasons why I would choose Bitcoin over Gold.

[rossjamie]

I picking both.

1. Bitcoin is for speculative long-term investment. It's better than gold for the price, but it is vulnerable to technical failure. Let's assume the worst-case like the entire world got blackout and traditional electricity is gone, the blockchain is still alright because we have blockchain satellite but the hash rate is gone because of no internet connection neither the pool nor the miner. So, who will buy it? everyone will dump their crypto coin for the gold (In this case fiat in the same situation as crypto because ATM is not working and the Bank is offline)

2. Gold is invulnerable to technical failure and political situations but not good for high return investment, but it's a good saving for the worst situation in this world. It has been proven for centuries as a medium of exchange and never dies.

[Distinctin]

It's quite surprising how people still consider gold a more profitable investment than Bitcoin. Guess they're not familiar with the saying, 'the higher the risk, the greater the reward'. Although this doesn't mean you should go taking uncalculated risk as that'll be a deadly move that could cost you all your funds. Bitcoin has shown time without number that it's the better investment vehicle than Gold and it just did it again

Just came across this article and think it'll be best I shared it here for the doubters still hoping for their previous metal to recover while they keep on missing out on the chance to partake in one of life greatest innovation.

As of Tuesday, fresh data shows that Gold/USD traded 3.7% lower than it did in the same day in 2011.
Source: https://cointelegraph.com/news/one-bitcoin-now-buys-0-6-kilograms-of-gold-as-10-year-returns-turn-negative

Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles. I would prefer my investment in an asset that could give me higher double digits gains than an asset that can barely gives strong double digits gains and yet been called the safe heaven when it also poses same risk of a lost in value during trying times.

To reason with you, then I think we have to ask ourselves these question. Since the existence of Gold as an asset, how many persons had it enriched? Probably the rich and those who could mine it, having an excess to it. Only the rich could buy gold, so what happened to the poor masses. Gold is limited since it existence with few number of persons having it in custody.

✓Now let's looks at Bitcoin, with the few supplies of Bitcoin so many investors had been enriched by just buying and holding.

 ✓Bitcoin had really create a chance for other development of coins expaanding the cryptocurrency market.

✓A lots of job opportunities had being created increasing the numbers of wealthy persons on this planet Earth. There are many reasons why I would choose Bitcoin over Gold.

Since bitcoin is not as popular as gold, in the eyes of the people particularly those who believe in traditional assets, gold overcome the value of bitcoin. But in our own eyes, bitcoin is definitely the topmost investment. So i don't have any doubts investing my capital into bitcoin because the returns is such incomparable. If only we can be more educated with the latest innovation technology, then we can simply conclude that bitcoin and gold are totally different.

[Republikcoin.com]

You must know that the number of people who know gold is greater than the number of people who know Bitcoin. Here the role of media marketing is very important, especially for retirees who spend the rest of their lives gardening with abundant money.
If I get a chance to vote, my inclination is 25% I put in Gold, and 75% I put in Bitcoin. I want to survive and want to make big profits from Bitcoin with its volatile nature.
Gold is useful as the last backup asset when something tragic happens to my Bitcoin like a wallet hack or something worse.