Bitcoin or Gold: Superiority

[Kittygalore]

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.

How can you say so that it's old fashioned? If it's old fashioned then it shouldn't be existing as a luxury jewelry right now and it shouldn't be used for that matter even during the times of war? The reason that you give regarding why people invest in cryptocurrency is pretty shallow to be honest, not everyone can invest in gold you know?

[Ekyfitri]

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.

How can you say so that it's old fashioned? If it's old fashioned then it shouldn't be existing as a luxury jewelry right now and it shouldn't be used for that matter even during the times of war? The reason that you give regarding why people invest in cryptocurrency is pretty shallow to be honest, not everyone can invest in gold you know?

everyone I believe can invest in gold if they want. Gold is not as expensive as you think. most people do not invest in gold because the price movement is not that big. even suitable only for the long term.
while bitcoin you can use for the short term and long term. the crypto market can give you a quick profit or a long-term plan.
I'm sure it all depends on the choice. safe assets for the long term. or assets with high returns with great risks.

[noorman0]

-snip-
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.

Of course you are not too sure about this suggestion if it is to the Chinese/Indians are you? Bitcoin is not as flexible an investment as it seems. Anyone (an honest citizen) hopes to legally sell their bitcoins in their country of residence in the future. It's just that, the bitcoins they have must be enough to take them out of the country when local regulations don't allow it while they are not very good at maintaining their privacy in the past.

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.

Wondering how you define the word "stable", your explanation describes otherwise.

[mr500]

Choose to invest in gold because of its stability and insurance rather prefer to invest in Bitcoin. Although Bitcoin payment can protect our privacy, I don't want to use Bitcoin to pay. using Bitcoin to pay is a waste rather gold is a stored value currency. Gold price will not fluctuate as much as Bitcoin, and the fluctuation of gold is relatively stable. It is not possible to make more profit from Bitcoin in a short period of time as it is not possible to sell gold . So from the point of view of the Superiority both are Supreme in their place in a different way . Gold is supreme by the stability and Bitcoin is supreme by the money making .

[Dhoe]

Choose to invest in gold because of its stability and insurance rather prefer to invest in Bitcoin. Although Bitcoin payment can protect our privacy, I don't want to use Bitcoin to pay. using Bitcoin to pay is a waste rather gold is a stored value currency. Gold price will not fluctuate as much as Bitcoin, and the fluctuation of gold is relatively stable. It is not possible to make more profit from Bitcoin in a short period of time as it is not possible to sell gold . So from the point of view of the Superiority both are Supreme in their place in a different way . Gold is supreme by the stability and Bitcoin is supreme by the money making .

gold and bitcoin have their own advantages, so we don't need to argue between gold and bitcoin, if we don't want to take risks about falling prices, so you just choose gold as your investment, but if you want to invest in the long term, and want to make a lot of profit , so you just focus on bitcoin, so all the choices are on ourselves, we don't need to argue, all that is there is just wasting our energy..

[Kittygalore]

~

everyone I believe can invest in gold if they want. Gold is not as expensive as you think. most people do not invest in gold because the price movement is not that big. even suitable only for the long term.
while bitcoin you can use for the short term and long term. the crypto market can give you a quick profit or a long-term plan.
I'm sure it all depends on the choice. safe assets for the long term. or assets with high returns with great risks.

Really? Everyone? Can the poor people also invest too? Maybe you're talking about jewelries but gold is expensive becausee you're not just paying the gold, you're also paying for the safekeeping of it and the necessary documents, at least that's what they do in my country.

[Kasabus]

Choose to invest in gold because of its stability and insurance rather prefer to invest in Bitcoin. Although Bitcoin payment can protect our privacy, I don't want to use Bitcoin to pay. using Bitcoin to pay is a waste rather gold is a stored value currency. Gold price will not fluctuate as much as Bitcoin, and the fluctuation of gold is relatively stable. It is not possible to make more profit from Bitcoin in a short period of time as it is not possible to sell gold . So from the point of view of the Superiority both are Supreme in their place in a different way . Gold is supreme by the stability and Bitcoin is supreme by the money making .

gold and bitcoin have their own advantages, so we don't need to argue between gold and bitcoin, if we don't want to take risks about falling prices, so you just choose gold as your investment, but if you want to invest in the long term, and want to make a lot of profit , so you just focus on bitcoin, so all the choices are on ourselves, we don't need to argue, all that is there is just wasting our energy..

There is really no need for us to chose which one is superior, either gold or bitcoin. It's very clear that when it comes to profits, bitcoin has an edge but when it comes to stability, gold has it either. So for me, having them both and diversify your investments so that if one drops down its value, the other one might be surging high. There's no need for a debate because at the end of the day, what we are after are the profits that we're able to make.

[BlackHatCoiner]

There's no need for a debate because at the end of the day, what we are after are the profits that we're able to make.

There's always need for debate if one says so.

I think the point of this thread is to distinguish which asset is more capable of being the main SoV. In my opinion, Bitcoin has the following advantages which makes it superior to gold;

• It's easier to be divided.
• It can be moved from one side of the planet to the other within several seconds.
• We know the exact coins there are in circulation.
• It's much much easier for its authentication to be verified.

And the following disadvantage which makes it inferior to gold;

• It's owned by individuals => lots of speculation, highly fluctuating.

The society will sooner or later decide which one is more suitable.

[Betwrong]

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
~

Well, if we weren't living in the very fast changing world, I would agree with you. But I think that the desire to wear golden jewelry has something to do with lack of knowledge. (Please forgive me if it sounds rude. I don't want to offend anybody, especially my grandma who adores wearing gold jewelry. )

Today we have these numbers

Around 90 percent of the world’s population had completed a primary education in 2020, whereas only 66 percent had attained a secondary education.

which are very good compared to what we had, say, 100 years ago.

And here's one informative chart too. It's on Global adult literacy rate aged 15 years and older from 1976 to 2019



And I believe that in the future, mainly thanks to the Internet, we'll have much more educated people around, and the gold price will drop consequently.

[sam00]

But I think that the desire to wear golden jewelry has something to do with lack of knowledge. (Please forgive me if it sounds rude. I don't want to offend anybody, especially my grandma who adores wearing gold jewelry. )

I am not really offended by your statement but it just makes no sense to say that wearing expensive jewelry has something to do with lack of knowledge. Watches, Jewelry, fast cars are prestige objects and if people enjoy wearing/using/showing them, that doesn't mean they are "dumb"

[Mr.sprin]

Bitcoin and gold are equally profitable when we invest, many people invest in gold because they think saving gold in the long term can be profitable and people who invest in bitcoin they conclude that currently bitcoin is one of the most valuable assets in the future so they store bitcoin in the long term long means that they will reap profits in the future and there are also those who save bitcoins for their children and grandchildren using bitcoins as inheritance for their families.

[Natalim]

Bitcoin and gold are equally profitable when we invest, many people invest in gold because they think saving gold in the long term can be profitable and people who invest in bitcoin they conclude that currently bitcoin is one of the most valuable assets in the future so they store bitcoin in the long term long means that they will reap profits in the future and there are also those who save bitcoins for their children and grandchildren using bitcoins as inheritance for their families.

Yes, they are both profitable but the amount of profits is different. Investors are now looking forward to invest more in bitcoin because the profits is incomparably huge than gold investment. I think people just can't get rid of gold because its a traditional investment that has even brought to this modern times. And since the value is more stable than bitcoin which is highly volatile, so it cannot be easily replaced by another investment. So if that is the case, then we can have them both for long term investments. Its not a matter of superiority, but it all matters on the profits and benefits that it can give.

[lepbagong]

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.

Right, two different side eyes even though they are investments. But the very distinguishing is that gold, it has been used enough and has been recognized and believed that it is very good for investment. Even though there is now a change where there is a pretty good Crypto, it might even be better than gold.

Gold is indeed an investment that is not too frightening for the holders, because it always costs quite stable and different from Crypto which cannot be estimated that the price is indeed unstable. What distinguishes certainly the value to be obtained clearly distinguishes, because with gold we will like saving, the increase is not too high but Crypto especially Bitcoin is a definite investment beneficial and in time it will always increase.

[suryana]

Everyone has their own opinion. And all are equalized with the ability to risk that is ready to be faced. I invest in bitcoin because I am ready to risk whether it is the risk of profit or loss. If someone prefers to invest in gold, maybe that's the risk ability that he wants to be limited to, he just wants to maintain his assets. So all back to the ability and readiness of each.

[Cryptmuster]

Yes, they are both profitable but the amount of profits is different. Investors are now looking forward to invest more in bitcoin because the profits is incomparably huge than gold investment. I think people just can't get rid of gold because its a traditional investment that has even brought to this modern times. And since the value is more stable than bitcoin which is highly volatile, so it cannot be easily replaced by another investment. So if that is the case, then we can have them both for long term investments. Its not a matter of superiority, but it all matters on the profits and benefits that it can give.

And as if it sounded incredible, but gold always has the possibility that large gold veins will be found on our planet, or possibly on other planets, when mankind has mastered the vastness of space. And bitcoins will always be only 21 million, and its value will grow higher and higher the more people want to own it. But today, both gold and bitcoin are well suited for long-term investments.

[perfect999]

Bitcoin and gold are equally profitable when we invest, many people invest in gold because they think saving gold in the long term can be profitable and people who invest in bitcoin they conclude that currently bitcoin is one of the most valuable assets in the future so they store bitcoin in the long term long means that they will reap profits in the future and there are also those who save bitcoins for their children and grandchildren using bitcoins as inheritance for their families.

Your statement is good about this, but now things are changing very quickly recently we have fast and better profit options which are not available through holding gold it's just possible if we have bitcoin, and we are going with better knowledge and understanding of this because its market is highly volatile but still manageable if you are doing your all homework with this.

Gold is traditionally also very solid and profitable but have not profit like bitcoin because its price is staying stable mostly never move like Bitcoin which can go either way in few seconds last words both are good if you can afford then keep both because it's never been bad idea.

[blckhawk]

well bitcoin and gold are on 2 different levels of investment, bitcoin is an active element in the economy of crypto it can be used to buy stuff and services from other people directly without needing to transfer it into another of currency, unlike gold that is a passive investment, meaning you can't buy products or services with it directly so in terms of investment these are two different concepts.

[mksundip]

there is no need to argue that gold and bitcoin are very different. gold only has a safe deposit value but it is difficult to have high upside volatility like bitcoin. but bitcoin is very good for deposit system but also suitable for profit generator. this is clear and there is no need to argue

[btc78]

there is no need to argue that gold and bitcoin are very different. gold only has a safe deposit value but it is difficult to have high upside volatility like bitcoin. but bitcoin is very good for deposit system but also suitable for profit generator. this is clear and there is no need to argue

It should be more appropriate to say that Bitcoin is Virtual Gold while the other is Physical so there is no need for superiority here.

Have a Physical Gold for your own safety in the future.

Have your Digital Gold(Bitcoin) also for suture safety.

We can have them both so why people keep on comparing them both?

it is Unethical behavior for me as i believe on these 2 for long now.

[deathcode]

there is no need to argue that gold and bitcoin are very different. gold only has a safe deposit value but it is difficult to have high upside volatility like bitcoin. but bitcoin is very good for deposit system but also suitable for profit generator. this is clear and there is no need to argue

It should be more appropriate to say that Bitcoin is Virtual Gold while the other is Physical so there is no need for superiority here.

Have a Physical Gold for your own safety in the future.

Have your Digital Gold(Bitcoin) also for suture safety.

We can have them both so why people keep on comparing them both?

it is Unethical behavior for me as i believe on these 2 for long now.

that is a very good opinion. having both wouldn't go wrong. as users and owners of bitcoin, we certainly know how the journey of bitcoin becomes very valuable. as well as physical gold, over 10 years also experienced a good increase. both are good, as long as we know how to manage investments properly.