Bitcoin or Gold: Superiority

[Marvell1]

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. 

For me gold is a store of wealth, the value of bitcoin increases day by day but there is always a risk involved. So I don't put all my assets in bitcoins, I allocate them.

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.

People are slowly realizing government manipulation through fiat and bitcoin is clearly the perfect alternative to fiat. Bitcoin is getting a lot of attention from the outside community. With limited supply and transparent, decentralized what people are looking for that fiat doesn't have. This causes the value of bitcoin to increase.

[amishmanish]

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 cannot help but agree. The stupid arguments between Schiff and McCormack/ Udi on crypt-twitter have become cringe. Gold is just that, Gold. You can never have a great portion of your invested assets in Gold because of the simple fact that it is not very useful to keep and does not appreciate well against inflation. People still continue to keep it for the aesthetic value and that will always remain the "pull factor" of gold. People just cannot have enough of it.

A lot of us feel the same way about BTC and other things crypto. They seem valuable to us and we want to accumulate and be able to use them more. In terms of pure utility, Gold is clearly nowhere near Bitcoin or other cryptos. Yet, this approach of somehow pitting Gold against BTC is just Schiff's way of garnering attention. Gold and BTC are two very distinct things. In the next 10 years, if you have all the normal assets (stock, real estate, cash) but don't have Gold, you won't be in a losing spot. The most difference it'll make is that you would want to buy some of it just to balance.

On the other hand, ten years from now if you don't have multiple digital assets and a safe, sound holding of Bitcoin and associated usage experience, you will have clearly missed the opportunity of our generation.

[Shasha80]

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.

Since the beginning, it was created by Satoshi Nakamoto, indeed Bitcoin is not to replace Gold or fiat. So both Bitcoin and Gold will run separately
and will not compete, because I believe they both have their own market. In fact, quite a lot of investors invest in both, because Bitcoin and Gold
are currently safe assets for long-term investments. Especially in a pandemic situation like now it is highly recommended to invest in Bitcoin or Gold,
both of which can be a store of value.

[so98nn]

The debate will always be there because no two minds can ever meet or agree on the same page if they are from different streams. Honestly bitcoin and gold are two different entity and they should be kept or discussed as two different entity.

I have myself used example of Gold to compare the bitcoin's strength but now I see there is no point. Both of them literally different from manufacturing / minting point of view to their usage in the real life. If you ask an Indian whether they will choose the Gold or Bitcoin then they will averagely say yes to Gold only because Gold is symbol of devotion and emotion inhere.

So yeah bitcoin is king in it's crypto space and well Gold is gold. 

[songchunlai]

Comparing gold to Bitcoin is like comparing seashells to gold at 3000 years ago. Therefore, with the improvement of human productivity, the value target is also changing.

[DaveF]

Which one is superior is a really vague question.
Which vehicle is superior a Lamborghini Aventador, a Kia Sorento or a Ford F 150 pickup truck.

If I want to go fast and look cool it's the Lamborghini, if I need to move a large pile of bricks and some lumber its the Ford. If I want to go on a road trip with 3 or 4 other people then it's the Kia.

Which BTC vs gold? For day trading? For long term investment? For stability?

I hold BTC and metals and other investments. They all have their use.

-Dave

[Chathusand]

Bitcoin or gold, gold has its own allure, especially for women, because almost all women use and invest in gold, but gold must be stored for a long time to yield a profit, but now that we are in the millennial era, it is certain that many young people, including myself, play in bitcoin, because bitcoin has no third party.

[NeuroticFish]

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.

If one has the funds for it, diversifying is clearly the key. Gold, bonds, stocks, real estate, and why not, entire companies. The thing is.. one has to have really big funds to actually get to diversify.
And, on the other hand, bitcoin had the biggest returns for the last 10 years...

How do you feel about this?

I feel like "meh, why this question again?". I mean, this topic was discussed so many times, I don't know what your point is. Are you trying to advertise gold to bitcoiners or what? Why aren't the other diversifying options in the topic?

Bitcoin or gold, gold has its own allure, especially for women, because almost all women use and invest in gold

Are you aware that investing into gold doesn't mean to buy jewelry? I mean, your comment looks a bit off...

[Rajamuda]

There is no need to debate which one is superior, let it be responded to naturally by many people because each has its own advantages and includes the way as a helper to encourage income in terms of investing in particular. What makes the difference is the judgment of each of us, how to respond between gold and Bitcoin, also the range of experiences associated with gold and Bitcoin.
Well, but in terms of the new era... I think it's like being more prominent on Bitcoin, but that doesn't mean gold will be forgotten.

[oktana]

Bitcoin still wins because if you weigh their advantages or maybe disadvantages, you'll see why you'll forever want Bitcoin over gold.

Comparing the mobility of both assests...

Gold

• Imagine you have some gold, you cannot carry it around because you are endangering yourself
• Imagine you want to sell or buy gold, tests will be conducted to ensure that it's original
• How about the fact that gold requires papers to show proof of ownership
• Or have you forgotten that it's only safe to store it at the bank(which requires your identity)?

Bitcoin

• Your bitcoin is in a digital wallet which can be in your phone (no one can ever tell if you have any)
• Bitcoin is Bitcoin, you don't take it to anyone to conduct any test.
• You don't need any paper to proof that your Bitcoin belongs to you (as long as you have your private key, it's yours and yours only)
• You do not store Bitcoin in a bank, you store it in a digital wallet that does not require any sort of private documents.

There are actually a lot more to mention... Feel free to add.

[haasanjui]

It is modern world and and many new currencies are introduced and Bitcoin is most famous and precious coin of Crypto and it is valued more than gold. In gold you can only buy but in bitcoin  you can invest amd trade and get profit. I suggest you to invest Bitcoin not in gold.

[Mamun74]

For me, I choose Bitcoin. These things are valuable and i think bitcoin is most valuable. Bitcoin is a digital currency and Gold is an old asset. Now we are modern world and now we choose undoubtedly Bitcoin. Bitcoin is developing more and more.This year bitcoin price increase and i hope bitcoin price more increase in future.

[GeorgeJohn]

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.

I think we are differentiating bitcoin and gold, really what they really want to get the concept or fact is the correlation between gold and bitcoin, from my point of view bitcoin is new currency which is not up twenty years but have influence and values than gold, because of it's positivity in the society and it's profit, what we should be asking is that while is it that bitcoin is dominating over gold, and while gold is getting valueless since bitcoin started existing.

[BlackHatCoiner]

Superiority upon what?

Price stability? Well, obviously gold is superior upon Bitcoin in it. You can't really compare a thousands-of-years agreed asset with an innovative idea of digital money. Not to mention that Bitcoin is owned mostly from individuals in contrast with gold which is mostly from governments. It is doomed to be much easier to manipulate than gold.

Store of value? Well, that's also tough question. Maybe in terms of ability, Bitcoin is better than gold, because it can be transmitted within a second across the world. Due to the price instability, though, you can't guarantee that you'll retain your value; not even in the long term compared with gold. Only if it's as accepted from the societies as gold, it may replace it as the main store of value asset.

The title is just too seductive.

[Anguwa]

Gold is a long time asset and a very valuable asset to any investor that has it. What if the price of Bitcoin dump and never pump again, what did we all think will happen to everyone that have bitcoin as an asset, it will never be an easy task to survive that situation. But Gold is a physical asset that is reliable and its value is always increasing even if not in high percentage, while Bitcoin is a digital asset and it value also increase and it can yield a profit of more than 200% of one's investment. Bitcoin is the superior in digital world and gold also.

[carrigan]

Both are good Gold and Bitcoin have their respective advantages, even the existing shortcomings can actually complement each other. Gold exists in real form and its value does not fluctuate, while Bitcoin is in digital form so that it is more easily accessible and stored and even predicted to be used as an anti-inflation tool although this cannot be ascertained, but the value of Bitcoin is very volatile and cannot be controlled. Both can be offered tools for investing that can provide profit, so which one is superior depends on your choice and comfort when using gold and Bitcoin.

[TheUltraElite]

It is true that bitcoin is not accepted as a mode of payment in majority of the countries in the world while precious metals are still trade-worthy with a bit of paperwork.

One will face a lot of problems trying to exchange bitcoin into liquid currency in contries where it is prohibited or just not known to people.

Also price changes are not indicators of good or bad. A bad year can happen to any asset but that does not determine what its uses are. In fact, fundamental uses of gold are there and therefore the market price, indeed making it a good asset for long term. Bitcoin has its own uses and therefore it is also a good asset for long term.

Like I have said in similar threads before, both have their own pros and cons. I think a diligent investor looking to build a portfolio should take in both.

[imstillthebest]

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

in this post your telling us that bitcoin is more superior to gold due to its price gains but your thoughts written in this post ⤵

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

tells us that gold is more superior to btc because of its long years of existence and functions . each of them has thier  good and bad sides , this makes the debate not stop  .

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.

thats right . dont be so confidence and put all your cash to btc but it can be safe to diversify it to other assets since the value of btc can still go down sometimes .

[jack wira]

In my opinion, gold and bitcoin have different circulation values ​​in the market.
 if the price of gold tends to last more.
 but if bitcoin has a very sharp price, even from time to time the price will continue to increase.
 Therefore I prefer bitcoin to invest even in the long term.

[worle1bm]

Gold price are going down and it is now not an best investment option for people and they are getting attracted towards other financial assets like bitcoin which is giving return unlike gold.Now people prefer to have some income with risk associated and high profits and gold is not the best option now.Those who were optimistic about it also have turned down the stones and made up mind of choosing other options as their funds are also going down with prices.It is now becoming obsolete with time and new technology.