Bitcoin or Gold: Superiority

[Dhaniii]

The debate between the advantages of bitcoin and gold, of course, has a different era. Now entering the digital era, bitcoin is certainly superior to gold. everyone has switched to investing from gold to bitcoin, because the prospect of bitcoin profits is more effective and efficient. while gold has a slow element in the financial turnover mechanism.

[romero121]

Few days back read an article stating the Google search engine having a rise in the search count for bitcoin. It was calculated that the number of times bitcoin being searched is three times higher than gold. The particular term that is being used is how to buy bitcoin. This itself shows the superiority transition from gold to bitcoin.

[MaDeidre]

I prefer to invest in Bitcoin. Although Bitcoin payment can protect our privacy, I don't want to use Bitcoin to pay. I think using Bitcoin to pay is a waste. I think gold is a stored value currency. Its price will not fluctuate as much as Bitcoin, and the fluctuation of gold is relatively stable. Choose to invest in gold because of its stability and insurance.

[btc78]

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.

you can easily say that because you are not a Gold supporter , but what if you are also a gold holder? surely you will find this statement not comfortable .

I also have some Bitcoin and gold at the same time but of course small portion of gold while Larger is into crypto and majority is Bitcoin.

Few days back read an article stating the Google search engine having a rise in the search count for bitcoin. It was calculated that the number of times bitcoin being searched is three times higher than gold. The particular term that is being used is how to buy bitcoin. This itself shows the superiority transition from gold to bitcoin.

this has even a thread in the past when the pandemic starts growing , that google search engine increased the search for bitcoin with really big percentage .

[SoeNan89]

I think gold and bitcoin are opposite assets, but both assets can be used as assets that complement each other in an investment portfolio.
Gold has better investment properties in some cases than bitcoin, but bitcoin also has its own advantages when it comes to investing.

[Betwrong]

~

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?

Actually, gold existed before the formation of the Earth, but I think you meant when gold started to be considered valuable. Well, yes it's true that gold has been valued for many centuries, thousands of years even, but it is not necessary that it will be considered so precious in the future. Synthetic gold can be created already, but the process is very expensive, so, producing it these days is not cost-effective. This may change in the future, and we'll start having more gold than there has ever been, but you can't make synthetic Bitcoin, and there will never be more than 21 million BTC.

[Sanugarid]

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?

Just like what you've said, Bitcoin yields a gain of 332% for a year or even a month, and the profitability of investing in BTC is really high but also considered a risky investment. In comparison, gold is really a good investment especially for long-term goals but the percentage of return is nothing compared to BTC. With that being said, I prefer BTC over gold simply because of high potential gains in the future.

[AicecreaME]

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?

Both gold and bitcoin are good investments. I believe that they have their own purposes and it's still much better to invest in both rather than in just one to diversify our funds. Gold has so many uses in different aspects and fields. Gold has been used in different things such as electronics, jewelry, machinery, chips, and the likes. It has proven to withhold its value too despite the inflation and time frame. Hence, a worthy investment if you'll hold and invest in it in the long term.

Meanwhile, bitcoin has exhibited growth for the past years. It has shown its potential and has withstood the test of time making it the king of all coins in the past and at the present. I must say that bitcoin is a nice speculative asset that offers a big opportunity to most of us. This is a great investment for the long term just like gold. It's just that bitcoin is completely digital unlike that of gold. It is also highly volatile which is why we should always be cautious whenever we want to buy and sell. In investing in bitcoin, you must know the risks first. High risk, high reward. However, you should invest responsibly to avoid losses.

[suzanne5223]

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?

Both gold and bitcoin are good investments.

Yes, they are and this is why I am still surprised some people only concern about which is superiority above others instead of making good use of both assets at the same time to increase their income.

I believe that they have their own purposes

Is not about believing for it something that's logical. Every substance will always have its own purpose and there's no purpose involve there's no point in using, investing, or creating it.

[YOSHIE]

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

No need to argue, between Gold and Bitcoin, obviously it's like the sun and the moon, the shape is the same as the light is different, that's for example, Lol.

What I want to say is, if, you continue to compare Bitcoin and Gold it is a big mistake, gold is real and is in common use by the public, no exception, After all, gold is unlimited, I mean supply, as long as there are miners and gold earth always appears, meaning: it doesn't run out so it's natural, the price of gold is not as expensive as Bitcoin, for that gold cannot be equated with Bitcoin in terms of price, shape, use, needs, savings etc.
While Bitcoin is a digital currency that is specifically traded in the crypto/internet world and limited supply is used by all countries, of course the percentage price is higher.
For example: Bitcoin is real and found in mining the earth, I'm sure it's 100% cheaper than the current price of gold/grams.

I'm talking in real life, real thoughts, not imagining, it's reality, so there is no debate between gold and Bitcoin, realize this world is real, you don't always live with the internet.

[ChiBitCTy]

No it is NOT necessary to discuss which one is better because neither one is better than the other.  We have this "debate" or discussion on here time after time, over and over again.. Bitcoin and Gold are not the same things.  They may share some common qualities, or characteristics, but that does not make the rivals or competitors. The truth is a well rounded portfolio should own both.  Gold is physical, bitcoin is not (besides physical bitcoin coins of course )

[zahed]

Bitcoin or Gold, Which is superior actually a difficult question in this era. Because the demand of both higher but since it's not acceptable to everyone, It has no legality in my country, So gold is the best but i judged it in terms of reality. From My perspective Bitcoin will 1st priority.

[leea-1334]

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.

Not going down as much as Bitcoin though,,, which is why I think it is quite silly to compare gold and Bitcoin in small snapshots of time. Gold has been around for thousands of years and Bitcoin only less than 1% of the lifetime. So yes, BTC is volatile now but maybe in 1000 years it will be like gold?

As much as I love BTC, Gold is still,,, gold standard. Undisputable for anyone:)

[noormcs5]

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.

People are using Gold for ages so we cannot say that Gold is more superior than bitcoin. Also the market cap of gold is way more than that of bitcoin.
I don't think we can compare the two at the moment. However, in future maybe 10 -20 years time, bitcoin will overcome the market cap of gold.

[Fakhrulenclix]

every possibility for large profits must be accompanied by a commensurate level of risk. I think gold and bitcoin are two different things with different users. if people want to keep their money safe for the future, of course they will choose gold and if people want to invest with the desire to make a profit, of course they choose to invest in bitcoin regardless of all the risks which I think are very worth the things that will be obtained.

[dupee419]

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?

I don't think at this point is necessary to debate over Bitcoin and Gold, as much as people call Bitcoin the "Digital Gold", I think it's rude to be called it that way, Bitcoin is unique, so does Gold, and if we're talking about superiority in value, definitely Bitcoin wins, it took decades before gold actually grew to a higher value, but it definitely is much more stable than Bitcoin.

[Shenzou]

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 have to take into account that gold has existed for thousands of years as a store of value, and people having been buying and selling it and there has been a limited supply and there are literally no factors that could affect its price heavily, not like bitcoin that is fairly new and it is quite volatile and has a lot of factors related to its price, and has a lot of potential to grow, but the question is what will happen when the supply reachs its end and there are no more bitcoin being mined, will it have the same price, keep going up, or people will lose interest in it.

[Kusman]

I don't think that any of these two is completely superior to the other. Because Bitcoin and gold both have weaknesses and advantages. Bitcoin is better in terms of making someone a lot of profit in the long run. Gold is not as highly volatile as Bitcoin. Actually, Bitcoin also doesn't guarantee this kind of profit. But so far, we have always seen that Bitcoin made people even rich.

[ninkdwi]

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.

I think the root of the problem is that everything has its own era.
gold is a very good thing and a small risk investment in my opinion one of them is gold.
but now the era is different now the era of technology and blockchain has made a new breakthrough and this expansion is growing with time and technological sophistication.
and here (crypto) even though what you say is absolutely true that here is full of risks but the benefits are greater because it is in accordance with the existing risks.

[v3liana]

Bitcoin is the hardest form of money ever created and more superior to gold in many ways. However, it is a nascent technology with more risk, but the upside potential is tremendous. Gold is currently more trusted and has proven itself as money for the past 5,000 years. Its a good idea to have both in your portfolio.