Bitcoin or Gold: Superiority

[Betwrong]

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.

Yes, people value gold for thousands years, and from birth we keep hearing how precious it is. Bitcoin, on the other hand, is relatively little-known, and what most people keep hearing about it since its inception is that it's a scam. Now, nothing can be said about gold to make it even more valuable, while Bitcoin has a great potential in this regard.

[rodskee]

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?

no doubt that i am a Bitcoin supporter , i even invested more than half of our savings here in crypto but this doesn't necessary mean I am all in  cryptocurrency.
i tried to diversify my funds into Bitcoin, banks, Gold and real life business .
in this i am assured if no matter what happened to the world economy , i am ready and at least will have place to survive at some point.
practicality and security is my Motto in life.

[sam00]

I feel like we should stop comparing gold and bitcoin.
Gold has kept it's value for the past thousands of years and will probably keep its value in the next houndred/thousand years.
Bitcoin becoming a legal tender in more countries would put it in a completely different situation than gold.
You can already pay for so many services and goods with bitcoin while gold is still only a store of value.

[CoinFoxs]

Most people choose gold because they want safe investment but they don’t know the potential of bitcoin. I always bitcoin over anything for investment. Best way to earn profit nowadays is investing in bitcoin, as bitcoin is adopting by many big countries and we will see bitcoin at its all time high price by the end of 2021.

[Kong Hey Pakboy]

Most people choose gold because they want safe investment but they don’t know the potential of bitcoin. I always bitcoin over anything for investment. Best way to earn profit nowadays is investing in bitcoin, as bitcoin is adopting by many big countries and we will see bitcoin at its all time high price by the end of 2021.

Gold isn't a safe investment, you can't easily buy one and call it a day, you can't sell it either that easy, now compare that to bitcoin which has more demand than gold, it's much more convenient and can make you more profit in such a short time.

[LeGaulois]

Most people choose gold because they want safe investment but they don’t know the potential of bitcoin. I always bitcoin over anything for investment. Best way to earn profit nowadays is investing in bitcoin, as bitcoin is adopting by many big countries and we will see bitcoin at its all time high price by the end of 2021.

A lot of them do know Bitcoin's potential, but it doesn't fit their needs. You say it: the majority choose gold as a safe investment. Explain to me how Bitcoin is safe? It is continually up and down, and occasionally severely so. These two types of assets have different purposes, no need of thésis about it.
Secondly, people investing in gold are not necessarily looking for profits. For example, I did, no big deal if I won't make a cent. I will even accept to lose a bit (unless it's higher than inflation)

Bitcoin adopted by many countries? Wich, I know only 2 or 3

...

I don't know if we can say nowadays that people use gold. There are some people of course, but not for real use, mainly for saving funds or investing for the long term.
I mean it's not in the same way as when gold was used as a means of payment. At least that's not the case anymore. I have never see a supermarket in which I can pay with a troy ounce.

...Gold has kept it's value for the past thousands of years and will probably keep its value in the next houndred/thousand years...

What are you telling? Where do you see that gold has always kept its value over the years?

[Spack17]

I don't think that we need to discuss which one is superior to the other. They both have advantages and disadvantages for their investors. It is better to let people make their own choice about what to do. Some people are totally against new technologies like cryptocurrencies or they don't trust them. And as a result, they continue with traditional investment tools like gold and fiat currencies. However, some other people really like to use new technologies and they want to benefit from the volatility also to make a nice profit. And their choosing becomes Bitcoin or some other cryptocurrency.

[ninkdwi]

Most people choose gold because they want safe investment but they don’t know the potential of bitcoin. I always bitcoin over anything for investment. Best way to earn profit nowadays is investing in bitcoin, as bitcoin is adopting by many big countries and we will see bitcoin at its all time high price by the end of 2021.

Gold isn't a safe investment, you can't easily buy one and call it a day, you can't sell it either that easy, now compare that to bitcoin which has more demand than gold, it's much more convenient and can make you more profit in such a short time.

if you buy and sell in a very short time it is not an investment name . you forget the important point that investment cannot be done in such a fast time.
and I just want to explain what @CoinFoxs means here is that gold is friendlier in price in contrast to bitcoin which is indeed volatile and very difficult to control and has a large capitalization, at least gold is more usable if you don't want to take risks when investing.
why can it happen? yes indeed bitcoin is a very big risk because according to what I said above that the nature of bitcoin is volatile which makes it more risky than gold.

[Ryder Kudrow]

Both gold and Bitcoin can be profitable.
Although gold is a relatively safe and reliable asset, its profitability is very slow.
With the development of time and technology, Bitcoin has become an increasingly popular asset. It can bring benefits to people and help improve the economy in a relatively short period of time, so more people like to invest in Bitcoin.

[kanayaTabitha]

Both gold and Bitcoin can be profitable.
Although gold is a relatively safe and reliable asset, its profitability is very slow.
With the development of time and technology, Bitcoin has become an increasingly popular asset. It can bring benefits to people and help improve the economy in a relatively short period of time, so more people like to invest in Bitcoin.

I'm sure in the future physical assets will be less valuable than digital assets, the era is changing since the covid pandemic where people are not meeting each other and everyone is happy working from home means people are no longer needs to show off gold or any luxury diamonds on their social life but they are showing of digital assets which is more hip nowdays.
So i think in the future, bitcoin or any digital assets will be worth more because this world is become digitalize.

[PhucS]

Bitcoin and gold are both high value investments, preferred by many people. I think, both have their own advantages. Bitcoin can be highly profitable, but it has high price volatility. Gold is a traditional investment, it is considered as a medium to trade since ancient times, it does not have too much volatility. Many people are always hoarding gold

[Betwrong]

...Gold has kept it's value for the past thousands of years and will probably keep its value in the next houndred/thousand years...

What are you telling? Where do you see that gold has always kept its value over the years?

Exactly. A significant decline in gold price was happening from September 2011 to the end of 2015. The price dropped from 60k USD/kg to 34k USD/kg during that period of time. It 's almost 50 percent decline! A constant decline that was going on for years, and yet people keep saying "the price of gold is always rising".

I personally predict even steeper decline in the future, when gold jewelry will be out of fashion.

[Ibrahim60]

In my opinion both are best in their own side. In cryptocurrency anything can happen anytime. Price can go to moon. Also price can get down huge. On the other hand gold is something like stable. Though its not fully. Its price also increase and decrease. But not like cryptocurrency. But in the long run Bitcoin will be the superior. Because day by day its popularity increase among all the people. People invest their money on it. People hold and trust Bitcoin as like gold. Also Bitcoin is more profitable than gold.

[BuNga_cute]

In my opinion both are best in their own side. In cryptocurrency anything can happen anytime. Price can go to moon. Also price can get down huge. On the other hand gold is something like stable. Though its not fully. Its price also increase and decrease. But not like cryptocurrency. But in the long run Bitcoin will be the superior. Because day by day its popularity increase among all the people. People invest their money on it. People hold and trust Bitcoin as like gold. Also Bitcoin is more profitable than gold.

Gold and Bitcoin are safe assets for long-term investment, besides the demand for both is very high. The price of Gold and Bitcoin continues to rise,
indeed the increase in the price of Bitcoin is more drastic than Gold. That's why I now prefer to focus on investing in Bitcoin, because the profit
generated is much greater. But the risk of investing in Bitcoin is much higher than Gold, that's because the price of Bitcoin is more volatile than Gold.
So if we want to invest in Bitcoin, we must first learn about Bitcoin. So we will not panic to see the movement of Bitcoin which is very volatile.

[TheUltraElite]

Gold isn't a safe investment, you can't easily buy one and call it a day, you can't sell it either that easy,

 I cant agree to gold not being a safe investment. It has its risks but so does bitcoin, both in long and short term. Gold has the advantage of being able to be sold whereever you end up. A lot of paperwork might be involved.

In this context I will draw your attention to something that happened during the partition of India and Bangladesh many years ago. Local people in West Bengal know that the majority of Bangladeshi people brought back gold from their homeland when they were fugitives coming to WB and that was the majority of their wealth at that time.

https://en.wikipedia.org/wiki/Partition_of_Bengal_(1947)

now compare that to bitcoin which has more demand than gold, it's much more convenient and can make you more profit in such a short time.

Bitcoin has not been accepted in majority of the countries out there. Precious metals have been known to almost every person above 20years of age today but Bitcoin is not that well known or well accepted.
How are you backing this claim?

[The Cryptovator]

You wouldn't get the honest opinion from here. Because it's Bitcointalk, not Goldtalk. So most users here are Bitcoin lovers and they will support Bitcoin for investment. Same like others I support Bitcoin investment as well. Investing in Gold looks like nonsense to me. I believe the future of Bitcoin holders is bright and we have seen it many times. So I am not encouraged to invest in gold which wouldn't give you much profit for a long time hold.

[haasanjui]

Gold is old time fashion. In this time it is also fashion but not like as a past. If you buy gold and then sell it gives you loss but if you buy Bitcoin and trade you can get bigg profit. Its reason people are investing in Cryptocurrency more then other businesses.

[Rigon]

Gold is a stable metal. It may tend to increase somewhat over time. It is used by people as an ornament of their form. The price of this precious metal often goes up a lot.Otherwise Bitcoin is a stable cryptocurrency currency. We can see from the beginning that the price of Bitcoin was much lower at one stage.Over time Bitcoin has been seen to increase overnight. Currently a bitcoin costs over 44000+ thousand dollars.The price of bitcoin is increasing day by day. The way the price of Bitcoin has started to rise will show that people will not be able to afford to buy a bitcoin at some point.So I think Bitcoin is much more popular than gold.

[LeGaulois]

I doubt it's going to happen anytime soon. I know half of the gold nowadays is used for jewelry but don't forget the relation between gold and humans.  There has always been a place for gold in all civilizations, even before Jesus Christ., during the pre-Columbian era, Egypt, Rome...
Some of them thought it was a God or something like that.

In the 21st century, it's still the same more or less. I mean, if you see in India for example. Tons of gold are owned by women. They're addict to it, I believe it's part of their culture.

I'm not worried to see the price decline up to the point where it collapses or people abandon it. You have more chances to see it happening with BTC than Gold

Otherwise Bitcoin is a stable cryptocurrency currency.

Full of shit. Sometimes I wonder if people are not on drugs or alcohol

[nullama]

Gold makes sense for larger amounts I reckon, as you can afford to make all the checks, security, etc.

Most countries have gold reserves still today, so it won't go away any time soon.

But for the average person gold is pretty risky and inconvenient. Much better to have bitcoin instead.