Bitcoin > Gold

[tokyohd]

I think Bitcoin is better and safer than gold. Because Bitcoin will be safe and secret as long as it is in your wallet. On the other hand, it is not possible to keep gold secret. Anyone can own Bitcoin. So I prefer Bitcoin.

[D-law]

It's quite obvious for all comparison of gold and bitcoin is useless, it's a big waist.
Quite alright gold has been around for sometime now but one wouldn't get gold at the rate he's getting Bitcoin, nobody would even want to sell them gold as they sell bitcoin.
A whole lot to say about this Pal, but in a thousand times, I'll tell you comparison between this two although they both add value when a person gets one but Bitcoin is superior to all.

[Reatim]

I think Bitcoin is better and safer than gold. Because Bitcoin will be safe and secret as long as it is in your wallet. On the other hand, it is not possible to keep gold secret. Anyone can own Bitcoin. So I prefer Bitcoin.

safer than gold ?  how can you say that? bitcoin is more riskier than gold because it is online while gold is physical and you can keep it holding.
bitcoin has no complete assurance while gold is can kept under our pillow.

but in terms of profiting ? then yes it is bitcoin that can bring us what we are seeking , bitcoin can even double our money in a matter of months .

[michellee]

I think bitcoin and gold are not debatable since both bitcoin and gold work in different ways but both bitcoin and gold is the asset in a different thing. You can sell bitcoin easily at the exchange or other but with gold, you need to have a certificate if you want to buy or sell a medium or big amount of gold and not all places can accept it.

Storing gold and bitcoin will be different too as if you have bitcoin, you do not need a specific place to store it. As long as you have a personal wallet that only you will know, you can save your bitcoin. While you need to have a safety box or other hidden place to save your gold and we can not tell other people about our gold.

For ordinary people, they will still choose gold over bitcoin because they feel convenient to use gold as their investment besides having land for their investment. But for bitcoin users, we choose bitcoin over gold, but some of us prefer to have bitcoin and gold at the same time.

[slaman29]

I think Bitcoin is better and safer than gold. Because Bitcoin will be safe and secret as long as it is in your wallet. On the other hand, it is not possible to keep gold secret. Anyone can own Bitcoin. So I prefer Bitcoin.

It always depends on the context.

For you and for me, sure, better, "safer" but I wouldn't be too sure about security, knowing how everyone around me doesn't store passwords well, and even for myself, I didn't even guard one of my faucet accounts with 2FA to my detriment.

Gold's tough to steal. And if you're good, easier to conceal than Bitcoin.

[amihada]

I think bitcoin and gold can both be used as assets for the future, for those of you who like bitcoin investment, please invest in bitcoin but there are still many people who still believe in investing in gold to be used as a future investment. so it all depends on our beliefs whether we want to choose gold or bitcoin obviously both have a high selling price.

[Luzin]

Bitcoin is better than gold in every way.

I agree with you, but the slight drawback is regarding its worldwide recognition. Gold has been recognized as a safe haven asset, because in times of global economic uncertainty and declining trust in the government and gold has been used for a long time.
But on the development side of the era, I still believe that bitcoin is currently growing. I think in the future more countries will recognize it. Because I believe in the ever-evolving technological civilization. So at some point in the future people will switch to bitcoin because of the change in civilization.

[QuickAccount]

Bitcoin is better than gold as a store of value asset, objectively.

• It can sent from one side of the planet to the other within seconds. (And it's extremely cheap with LN)
• It's easier to cut it into 100,000,000 pieces.
• It doesn't take space. (No storage costs)
• You know exactly how many there'll be.

And it introduces an extra feature: Trustless divided possession. (Multi-sig)

Anyone in the world has the right to own Bitcoin

But, is this true? Lots of human rights are violated from authoritarian states. So, while everyone should have the right to own Bitcoin, they don't. While everyone should have the right to vote democratically, they don't. While everyone should have the right to be educated or health cared for free, they don't.
 
Some don't even have water.

What I ment by "Anyone has the right to own Bitcoin", is that credentials are not needed. I mean that the idea of Bitcoin is that anyone can make a wallet, no matter who it is.

[QuickAccount]

They're both assets

Wrong.

Bitcoin is still an asset, USD is an asset. Just because it is a currency does not mean its not an asset. Even then, Bitcoin is used as an investment by many, and seen as an asset, even people who are into crypto call in an asset alongside a currency.

[bitzizzix]

The most common dangerous risk difference between bitcoin and gold, even to the point of causing death.
I mean that having gold must be prepared to face the risk of losing gold which can happen at any time, for example due to robbery or mugging that often occurs and will cause injury and even death to those who have it because criminals will take it by force or violence.
and the risk of losing bitcoins is not as cruel as the risk of danger of owning gold, and usually only losses without causing injury or death and also intangible so it is very safe and comfortable.

The advantages and disadvantages of both are often discussed and the answer will be the same as the previous one, so I comment on the dangerous risks that will occur in reality.

[Ararbermas]

Hey guys!


I am making this post to start the discussion of Bitcoin vs gold, I know that this topic has been discussed in different threads, but I have a different approach of this topic. I want to get the opinion of the people that think gold is superior so I can see the other side of the argument.

I believe that Bitcoin is superior to gold, they're both assets, but not the same kind of asset. Gold is physical in the sense that a government or large entity can take it away from you, without your knowledge, and without needing your permission. Bitcoin combats this, a Bitcoin wallet doesn't need a SSN, ID, and other identification to own. Anyone in the world has the right to own Bitcoin, but the same can't be said about gold. People also argue that gold is a safer asset because it can be insured. I second this, insurance needs identification, which adds a second layer of binding your assets to your data, meaning that multiple people know exactly who owns that gold and how much its worth, that leaves room for corruption inside of banks allowing an evil third party to be notified who owns large investments that could be stolen/robbed. Bitcoin, as long as you have an anonymous wallet, doesn't have this issue. So long as you mix your coins before you sell them peer to peer or at an exchange, your identity for the most part is safe. Along with that, you can store Bitcoin in cold storage for decades with no apparent owner, so that they can be accessed later without legal trouble arising because of someone claiming that the investments are theirs.


Thanks for reading, what do you think about the Bitcoin vs Gold debate?

actually you point, people who choose gold are those investors who want a secured investment, and those people who believe and relies in bitcoin are those investors who want to hide their identity and of course to have freedom when it comes investment .. As simple as that! , indeed that's why governments are very against to crypto currency because of that reason wherein crypto is untraceable as well. For sure these arguments will not end even in the next generation,  so just let them choose which option they're comfortable.. Lol

[NelfiNovita]

I think Bitcoin is safer than Gold. As long as we store the private keys of our Bitcoin wallets properly, our Bitcoins will be more secure from hackers.
Gold can be insured but using a third party who can steal the gold that we have.
If we judge from the profit that we will get then we will benefit more from bitcoin than gold. The price of bitcoin at the beginning of 2013 at that time the price of bitcoin was around $ 120 and if we hold it until now then we will get very much profit.
I think bitcoin is such a perfect cryptocurrency that its price is very high and its popularity is unmatched.

[Rishabh riyz]

well on the basis of transparency and legality, gold is practically  unmatched when it comes to accessibility to people of all economic standing and technological knowledge, And most importantly being the ultimate currency of most of the  governments , all these might show gold to have upper hand on BTC

BUT if we see as an asset  bitcoins is considered to be more than 100 times of golds store of value , now if we consider the growth of gold it grew for the max of 83% starting from 2016 and if we see for BTC from 2006 its on an astonishing high growth of 8,440%, this clearly show the value difference in both the assets.
its also speculated that Maybe, Bitcoin's market cap could surpass gold's market cap by 2030.

[livingfree]

I think Bitcoin is better and safer than gold. Because Bitcoin will be safe and secret as long as it is in your wallet. On the other hand, it is not possible to keep gold secret. Anyone can own Bitcoin. So I prefer Bitcoin.

You can still keep gold as a secret.

You don't have to tell everybody about what you own and you can keep your assets secretly. But many will agree that bitcoin is better because we're focused into holding it.

There's more potential profit that we can get from owning it.

[dunfida]

I think Bitcoin is better and safer than gold. Because Bitcoin will be safe and secret as long as it is in your wallet. On the other hand, it is not possible to keep gold secret. Anyone can own Bitcoin. So I prefer Bitcoin.

You can still keep gold as a secret.

You don't have to tell everybody about what you own and you can keep your assets secretly. But many will agree that bitcoin is better because we're focused into holding it.

There's more potential profit that we can get from owning it.

Agree, your assets wont be known if you do just decide on not to expose it publicly or wont to tell somebody on what you do own which i could say a typical thing to be done rather than to be boastful about your assets.

You arent really just making yourself to be on surveillanced but also you are putting yourself at risk when it comes to your life which is really a dumb decision for you to make.
I dont really see the point on trying to differentiate between Gold and Bitcoin.They do have different purpose but having ending up on the same goal which is to make
profits but somehow there are noticeable differences which people do really prefer.

[adzino]

Why do people have to compare bitcoin with gold? You can invest in whatever you want and feel comfortable. Gold is gold, bitcoin is bitcoin. Those are two different things. You can't do things with gold that you can do with bitcoin. Similarly, you can't do things with bitcoin that you can do with gold. Bitcoin is a currency and gold isn't. Bitcoin was made so we could do transaction without involving third party financial organization. It was made so that only we control our own finances. On other hand, gold is a rare natural resource that can be used as a store of value. A better comparison would be bitcoin vs fiat (and we have seen a lot and know who clearly is the winner).

[Smartvirus]

One thing we must come to realise is that, the law of demand and supply applies in every field of business. This is where bitcoin is of advantage to gold becuase, its got a limited supply which adds to it the idea of a scarce commodity yet to actualize in time but gold is not like that. Yeah, a mine might run dry and leads miners to seeking a new mine and all that but, there is every chance that, the value attached to scarcity would take more time to  actualize in gold than bitcoin. So, bitcoin have got an edge to value more than gold would ever have.

[worldofcoins]

I wouldn't compare both because Gold is physical and bitcoin is digital.

Gold will still have its value even if the civilization falls and so does the network on which bitcoin runs but that's a hypothetical situation but explains the point I'm trying to present.

Another thing that Bitcoin has over Gold is transaction speed and no physical involvement while making the transaction, everything is digital.

There's a lot of Transaction fees for gold if you Buy it from overseas but that's not the case with bitcoin.

[ChiBitCTy]

Government can literally take your private keys as easily as your hidden physical gold if they want, i mean good luck hidding that private key and if it's only in some physical device, it doesn't matter if officials can decrypt it or not if they confiscate it. Also btc wallet isn't an anonymous wallet, it's pseudonymous. You might feel that's nitpicking, but it makes all the difference since EVERYTHING can be tracked. That comes problematic when you try to cash out a bigger sum and your id will go to that mix.

Please, good luck with that. There is no chance in hell that my government is going to take anything from me. Amazes me that in the United States at one point in time our government had a gold recall. If they tried to do anything like that today they’d not stand a chance.

[BuNga_cute]

I think Bitcoin is safer than Gold. As long as we store the private keys of our Bitcoin wallets properly, our Bitcoins will be more secure from hackers.
Gold can be insured but using a third party who can steal the gold that we have.
If we judge from the profit that we will get then we will benefit more from bitcoin than gold. The price of bitcoin at the beginning of 2013 at that time the price of bitcoin was around $ 120 and if we hold it until now then we will get very much profit.
I think bitcoin is such a perfect cryptocurrency that its price is very high and its popularity is unmatched.

Many people are afraid of investing in Bitcoin because they feel insecure, whereas people who lose Bitcoin are mostly their own fault. Because if
we store Bitcoin in the right way, Bitcoin should be one of the most secure assets. I always store Bitcoins in hardware wallets, because that's
the safest way, so that our Bitcoins are not easily stolen by hackers. As long as we take good care of our private keys, there's nothing to worry about.
Meanwhile, if we have Gold, it is more difficult to store it, because if we store it at home, we must provide a safe box which may be quite expensive.
Or we store it in a third party which does not guarantee it is safe,  because there have been several incidents where Gold is stolen when it is stored
in a third party. Moreover, if we see the price of Bitcoin, which performs better than Gold, I am increasingly convinced to focus on investing in Bitcoin.