Bitcoin or Gold: Superiority

[marine4u]

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?

Gold does not carry the characteristic of expressing “superior”.  There's no reason for gold to be comparable to bitcoin in terms of the technology it embodies, let alone in terms of efficiency and net asset classification.  Gold is a classic demand while bitcoin is the future when you ignore value to compare them consistently.

Gold inherits an inherent age based on demand, bitcoin is newer and in the next few decades no one will compare bitcoin to gold but something else

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[Mr.sprin]

gold is an investment in the real world that physically can be handled directly and stored in a gold vault, the price tends to be stable, so gold is a lot of people who still want to invest, while bitcoin is a virtual currency and the price is unstable, so middle-class people rarely invest in bitcoin, only people who have a lot of assets or billionaires who invest in bitcoin and the risk of investing in bitcoin is also very large.

[geegaw]

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.

But many people don't use that willingness to open their hearts and embrace the many perspectives of others, they are only willing to accept those who accept their opinions and expose the evils and mistakes of other points of view, of course, the opposing side is not generous and also declares war again, expressing the superiority of the point of view and continuing to expose the opponent's dark spots. Our hearts and willingness have plenty of room for both gold and bitcoin, don't let jealousy leak between the two sides, but adjust both to the best according to our ability

[Betwrong]

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"

Those are prestige objects indeed, but not for everyone. And I believe we are moving in the direction where those objects will be less and less prestigious, because, especially in the developing countries(keep in mind that 85% of the world's population is living there), only corrupt officials and their relatives can afford all that stuff. Such people should be embarrassed by their wealth. ... At least that's what I believe.

[Woodie]

I want to factor in Obsolete but Obsolete wouldn't be the right world when trying to compare bitcoin and gold. But let's bringing it in anyway,  in a world engulfed by technology which keeps growing at a fast pace and population being composed by mostly the millennial generation, it's easy to see why bitcoin is growing fast and turning to be more superior because it's much easier to own than real Gold. Besides this gold has limited uses as compared to bitcoin which can be used as a store of value or be used as digital money which makes it more desirable to own. With these few reasons you can see why BTC is superior to XAU.

[Ngewex Yuk]

I think gold is superior to bitcoin, we must be aware and don't close the fact that gold is a type of investment that has been actively used since thousands of years ago, from humans knowing buying and selling, gold will continue to be used at any time, while bitcoin, many pessimistic experts can last 100 years again.

[iTradeChips]

There is no contest who is much better. You can't wear Bitcoin around your neck for one, right? Bitcoin and gold has their own advantages and disadvantages. All I can say is that we should not be comparing which is which. Gold has been here for thousands of years and man has deemed it a very valuable metal. Bitcoin was just invented a decade ago and it has its own advantages to gold but it has to be seen if it has the capability to last a thousand years.

[ninkdwi]

gold is an investment in the real world that physically can be handled directly and stored in a gold vault, the price tends to be stable, so gold is a lot of people who still want to invest, while bitcoin is a virtual currency and the price is unstable, so middle-class people rarely invest in bitcoin, only people who have a lot of assets or billionaires who invest in bitcoin and the risk of investing in bitcoin is also very large.

to say bitcoin is unstable then I agree with this, but to say that if the middle class rarely invests in bitcoin, only people who have a lot of assets or billionaires invest in bitcoin and the risk of investing in bitcoin is also very large I strongly disagree with this .
when you think like this I think you are quite naive to say that because for me personally everyone can invest here.
apart from the risk in investing it is a very reasonable thing because everything there must be a risk that must be accepted.
apart from all that, all can invest here. there is no specific classification in investing in crypto, especially bitcoin, all here are considered investors, both small and large.

[verita1]

Bitcoin is a new technology even though it was created in 2009. We also have the new networks to be used in masses.
Those who prefer bitcoin are the new generations while those who invest in gold do so under the belief since when gold was chosen as a legal reserve.
However, those who invest in gold are also investing in bitcoin.
I prefer to invest in bitcoin for all the benefits that we know of.
So much so that I live in a state where gold is exploited in my country and, as I said, my preference is bitcoin.

[redlink96]

If we are talking about getting more money, I think bitcoin is the best investment, why? Of course we all knew that bitcoin gave more benefit and income to almost all crypto users.
But if we are talking about keeping our asset value, gold is the best one. First the price is stable, the price will grow slowly and almost like the bank systems which counting rate, inflation, etc. So the price will always stable, that's why gold is good for longterm saving/investmen.

[bitgov]

I think gold is superior to bitcoin, we must be aware and don't close the fact that gold is a type of investment that has been actively used since thousands of years ago, from humans knowing buying and selling, gold will continue to be used at any time, while bitcoin, many pessimistic experts can last 100 years again.

That's very much correct. Gold has market cap of over 11 Trillion USD while BTC is under 1 Trillion USD. Gold as compared to BTC is more stable and matured market. BTC is new that doesn't mean it does not qualify to last for centuries. If I have to invest I will invest half of my money in gold while half in BTC. As its better not to put all your eggs in one basket.

[Dhaniii]

I think both are good for investment, because bitcoin and gold have their respective potentials and also have different levels of security. if you are an expert in the field of trading, of course bitcoin is superior for you and for those of you who like to keep assets for a long time and don't like trading, then gold is superior for you. so both have their own specifications.

[Finestream]

I think both are good for investment, because bitcoin and gold have their respective potentials and also have different levels of security. if you are an expert in the field of trading, of course bitcoin is superior for you and for those of you who like to keep assets for a long time and don't like trading, then gold is superior for you. so both have their own specifications.

There's no sense of having a debate which one is superior because we know in the long run, both of them are profitable. They might only differ in some ways. Bitcoin is being used as a store of value and a currency while gold alone serves only as an investment and its up to you if you will hold it for long term. For some, they have chosen bitcoin because its clear that its profits is 10x higher than gold but for some who prefer more stable and solid investment, gold is their choice. Maybe we might differ in our personal choices but we know at the end of the day, the amount of profits is still that matters most.

[Mr.sprin]

gold is an investment in the real world that physically can be handled directly and stored in a gold vault, the price tends to be stable, so gold is a lot of people who still want to invest, while bitcoin is a virtual currency and the price is unstable, so middle-class people rarely invest in bitcoin, only people who have a lot of assets or billionaires who invest in bitcoin and the risk of investing in bitcoin is also very large.

to say bitcoin is unstable then I agree with this, but to say that if the middle class rarely invests in bitcoin, only people who have a lot of assets or billionaires invest in bitcoin and the risk of investing in bitcoin is also very large I strongly disagree with this .
when you think like this I think you are quite naive to say that because for me personally everyone can invest here.
apart from the risk in investing it is a very reasonable thing because everything there must be a risk that must be accepted.
apart from all that, all can invest here. there is no specific classification in investing in crypto, especially bitcoin, all here are considered investors, both small and large.

I say that because I see that in the neighborhood where I live most of those who invest in bitcoin are only the rich and the lower middle class they invest in altcoins such as eth or bnb coins,

[Betwrong]

As for me, these are two fundamentally different options for investing, even in their essence. Because gold is more stable, you already know what to expect. Bitcoin, on the other hand, is a more complicated option.

I think no none would argue that gold is more stable in the short-to-medium term, but we don't know what to expect from gold in 20 years. Yes, it will never be of zero value, that's for sure, but it can lose 80% of its today's price for the reasons I was talking about earlier in this thread. As for Bitcoin, I'm not saying we can know what to expect in 20 years. We can't. I just want to emphasize that it's similar to gold in this regard.

[nurilham]

It is undeniable that investing in bitcoin and gold is a profitable investment. but personally I prefer to invest in bitcoin and other crypto. although gold investment is also good and quite stable but the profit that can be obtained is also not too big and takes a long time to be able to get a big profit. while investing in bitcoin or other crypto we can get much greater profits, besides that we can choose to invest long or short term. but we know that not everyone can keep up with technological developments like bitcoin or other cryptos so I think they both have their advantages.

[ninkdwi]

gold is an investment in the real world that physically can be handled directly and stored in a gold vault, the price tends to be stable, so gold is a lot of people who still want to invest, while bitcoin is a virtual currency and the price is unstable, so middle-class people rarely invest in bitcoin, only people who have a lot of assets or billionaires who invest in bitcoin and the risk of investing in bitcoin is also very large.

to say bitcoin is unstable then I agree with this, but to say that if the middle class rarely invests in bitcoin, only people who have a lot of assets or billionaires invest in bitcoin and the risk of investing in bitcoin is also very large I strongly disagree with this .
when you think like this I think you are quite naive to say that because for me personally everyone can invest here.
apart from the risk in investing it is a very reasonable thing because everything there must be a risk that must be accepted.
apart from all that, all can invest here. there is no specific classification in investing in crypto, especially bitcoin, all here are considered investors, both small and large.

I say that because I see that in the neighborhood where I live most of those who invest in bitcoin are only the rich and the lower middle class they invest in altcoins such as eth or bnb coins,

I don't know where you are from, but judging from your statement I think crypto especially bitcoin is still a taboo thing for your area now.
but that's pretty good because apart from you being able to take advantage of it to be a differentiator from the others, you can also be a pioneer in your area, especially in terms of crypto.
even though it's still a taboo for now but believe me it will soon change just by waiting for time

[Hasan986]

I would personally say Bitcoin. Bitcoin is currently in demand. Many different companies are constantly investing in Bitcoin. At present its price is 45 thousand, in future it will not take more than 1-2 lakh.

[LeGaulois]

I would personally say Bitcoin. Bitcoin is currently in demand. Many different companies are constantly investing in Bitcoin. At present its price is 45 thousand, in future it will not take more than 1-2 lakh.

Many? How much? You probably can't name a dozen of them without looking at google. You saw Microstrategy and Tesla buying BTC and that's probably all you know about. So "many" companies turn out to be 3 or 4.

Did you know that there are more companies demanding gold than companies demanding BTC? Gold is not only for the jewelry industry.
In fact, Gold has more use cases than BTC. What can you do with BTC? Not much, only speculating or hold, and if you want to spend it you most of the time need to exchange it for vouchers or fiat or something else done with a 3rd party.
Gold can be used in the pharma industry, electronics, jewelry, dentistry, architecture, aerospace...

[Oilacris]

I would personally say Bitcoin. Bitcoin is currently in demand. Many different companies are constantly investing in Bitcoin. At present its price is 45 thousand, in future it will not take more than 1-2 lakh.

But havent you realized on trying to compare natural mineral on the earth and something that been created via code? Honestly you wouldnt really able to ignore that they are totally different.

There might be some impressions about being great just because it had able to overtake on one others value? It wouldnt really be enough considering the supply of both then

you could say that comparison would be meaningless or doesnt really have any point at all.Superiority? Why would need to choose one if we can have both?