Bitcoin or Gold: Superiority

[ConnerDalfino]

Question

The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?

Here are my thoughts

A valuable store of value and medium of exchange, gold has been around for five thousand years.

Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.

How do you feel about this?

[Tim-BTC]

The correlation between Bitcoin and the two is almost zero. Bitcoin is an ideal tool for spreading risk. In addition to traditional investment products, bitcoin can account for more than 30 percent. I’m 70% bitcoin, 20% altcoin, and only 10% bank fund.

[cotton ball]

if I personally prefer bitcoin, because the price of bitcoin is so tempting and investing in bitcoin in the long term will certainly provide fantastic profits, if I invest in gold, the profits that are obtained are certainly thin, even though bitcoin has a high risk. great, I still choose bitcoin as my favorite ..

[Dhoe]

gold and bitcoin, managed to become one of the most profitable investment assets in the first half of this year. However, the simultaneous increase in the value of the two assets brings back the creation of which asset will be the better store of value. Gold or Bitcoin, which is more profitable? if I personally think I prefer to invest in bitcoin, the big risk is definitely the profit we get will be great too..

[Nunoluck]

I think the value of gold is not really rise or fall, it is fiat price that fluctuates and tend to fall. I don't consider gold as investment but just a safe saving. I think the price of bitcoin rise is not because of it competting with gold, but it is because bitcoin competting with weak currency that have high inflation rate. People start to doubt about fiat money and looking for an alternative currency such as bitcoin.

[zanezane]

When it comes to situational utility, I would say that gold is much more superior because it can still be traded and available in a economic collapse or hypothetical apocalypse setting, people likes shiny things so it's still has some worth. But no doubt that bitcoin is superior in terms of growth though.

[cryptoaddictchie]

For me its the same however, in terms of superiority, use cases and legality. We all knew gold is the winner here. On the other hand, bitcoin somehow gives us a very huge profits but its not all about profits since its value could also turn down anytime. So we cant say bitcoin is that sustainable compared to gold that every country accepts it for its very spread usage all over the world.

[firesurfer]

There are up to 180 billion dollars in gold trades on daily exchanges, while Bitcoin has only about 35 billion dollars.
Most of the major countries hold huge amounts of gold, up to tens of thousands of tons. In addition, institutional investors and individuals also own a large amount of gold.
In terms of capitalization, gold is many times larger than Bitcoin.
The world is gradually changing, people are paying more attention to Bitcoin. In the distant future, Bitcoin could have a market capitalization equal to gold and a larger trading volume.


GOLD




BTC

[Assface16678]

Both of them can gain profit however the biggest profit will be from Bitcoin. So the choice for me is btc, how ever due to its volatility, you need a perfect timing whether in what time you will buy in order for you to gain more profit. In the long run, the highest possible earner if you bought the two is still btc.

[Kanjeung]

Question

The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?

Here are my thoughts

A valuable store of value and medium of exchange, gold has been around for five thousand years.

Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.

How do you feel about this?

I agree with your opinion, that we should never be arrogant about your income or your success with cryptocurrencies, because it is a trap that can eliminate everything, if traders have strong knowledge in cryptocurrencies keep thinking positive and mentally strong. never cause stupidity. regardless of your question, that feeling I still choose bitcoin for future assets, but what I fear, will bitcoin last as long as gold that existed before 5 thousand years ago?

[mindrust]

Gold is finished. The new age belongs to Bitcoin. The writing is on the wall. People don't want to invest in gold anymore. It is a pain in the ass to store, it is not useful as a currency anymore, it is not interesting.

Bitcoin has a huge potential on the other hand. Remember there is only 21 million bitcoins and if every dollar millionaire wanted 1 bitcoin, they couldn't get it.

Bitcoin is clearly superior to gold in every possible metric there is.

[ropyu1978]

Investment trends among young people are now increasing drastically. Those aged 18 to 25 years often choose investment instruments in the form of mutual funds, bonds, stocks, to cryptocurrencies or cryptocurrencies. So that Bitcoin investment is suitable for millennials because it suits their lifestyle. Meanwhile, gold investment is suitable for those who want to make long-term investments. Whether as an investment instrument for students or ordinary people, anyone can invest in gold because it is easy, flexible, and gets quite tempting profits. But personally I prefer to invest in bitcoin..

[mrongoz_imut]

bitcoin or gold, gold does have its own charm, especially for women, because most women almost all use gold, and invest in gold, but gold must be stored for a long time, then you can get a profit, but now it's millennial era , it is certain that many young people play in bitcoin, especially me personally, because bitcoin does not have a third party..

[Ekeleboy]

Gold might have been the surest investment years back but it's certainly bitcoin this days. There are no investments without risks. Investing in gold has it own risk just as investing in bitcoin does.
I think the only difference between these two is that one is a natural resource, looks like it'll be around for years while the other, a digital currency has the support of most youths.
All the same bitcoin has it when it comes to investment.

[pooya87]

Is it really necessary for us to still debate which of the two is superior?

They shouldn't even be compared in first place because it is like comparing apples and oranges. Bitcoin and gold are not even in the same category to be compared.
Bitcoin is a currency while gold is a precious metal that hasn't been used as a currency for hundreds of years. Bitcoin is a new technology, an invention, that has been growing in adoption around the world while gold is there for investment only and has little more utility.

[tabas]

I have my bias for bitcoin as always. But if it's about superiority, let's all end the debate. Because it will be an unending debate about these two. These two are different on their own basic thing and character. You can buy things with bitcoin directly today while gold, you have to exchange it first which is the first nature of bitcoin. I would love to have many gold as much as I want. But I just can't and will focus on owning bitcoin instead.

[Rokon5]

Bitcoin and Gold is very important for trading.I think Gold is better than Bitcoin because most of the country is the world are directly trading in gold trading and central bank are reserved gold for their economic survive.180 billion dollars in gold trades on daily exchanges, Otherwise  Bitcoin has only about 35 billion dollars but both are essential for traders.

[junmisakiro]

There is nothing to argue about, Bitcoin will not replace Gold and vice versa the two assets will always go hand in hand and both complement each other, because bitcoin and gold have proven to be an excellent investment choice when the world economy is not good, because that affects the prices of both These assets are supply and demand.

[rhomelmabini]

In the long run I think Bitcoin will be superior compare to gold if we're talking about market and value. It's a fact that more and more major institutions eyeing this market and they can't ignore it, I'm saying this is the new revolution.

[KaliLinux]

Question

The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?

Here are my thoughts

A valuable store of value and medium of exchange, gold has been around for five thousand years.

Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.

How do you feel about this?

You are right about Gold being around for thousands of years and have been at the forefront of investment for most investors until the emergence of Bitcoin and has taken over that sport.

Bitcoin V Gold back in 2010


Same 2021

You will see the difference in profits between the two entities if you have invested in Both with the same amount over the same years

Source Bitcoin vs. Gold

See the percentage difference increase between the two over the years and realize this might just be the case forever and think whether you are making the right choice investing in whatever you are investing on. I know I will keep 70% of my investment too in Bitcoin.