Bitcoin > Gold

[lienfaye]

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

Both should not be compared because they're different. Gold has a physical form while bitcoin has not, though no doubt these two are a good investment. Well, I like gold, its been years when I started accumulating because I believe its a good investment and can be useful in the future.

But I prefer bitcoin when it comes to storing my assets, as long as I have the keys even it takes long period its safe and there's no need for hassle works like if you store your money on banks. Its a good investment as well and I admit its way profitable than gold.

[Marvell1]

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.

Both are good don't compare them, Gold is a fairly safe investment because the price of gold is less volatile and has been recognized by the world for thousands of years. bitcoin is a digital asset, high volatility. Investing in bitcoin is clearly a better return than gold, but sometimes it also costs us money if invested in the wrong way. So, depending on the needs make the right choice for each person.

[pooya87]

~
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.

You are wrong. By definitions currencies are not considered assets (sometimes the term "monetary asset" is used but currencies are not categorized as asset class).
As I mentioned the way some people see bitcoin doesn't defined what it is. There are also people who see bitcoin as a "Ponzi scheme" but that doesn't make it so.

[Argoo]

The Bitcoin vs gold debate could be approached from different sides. You can look at it in different angles. All I'm saying is that Bitcoin is much better than gold in certain respects as gold is also much better than Bitcoin in others. If we are going to discuss about seizure, Bitcoin is indeed better than gold. But if we talk about certainty that the value won't crash in the next hundreds of years, gold might be better than Bitcoin. We cannot compare the two in its entirety as if they are completely the same.

We also cannot say the value of gold will be more valuable than bitcoin in 100 years. You can say like that because gold is already hundred years age or maybe thousands. But bitcoin age is just under 20 years and it's still developing within year.
In this digital era where people are less meet each other, i think digital assets is becoming a new gold in the future, people will no longer save their physical assets but everything is in digital but with better security ofcourse.

Of course, gold and bitcoin are not comparable. The only thing that unites them is the high cost. Otherwise, they are almost completely opposite.
To what has been said here, I can add that we should not rely entirely on new technologies, digital in particular. Now the climate is changing, scientists are warning of mass cataclysms, and any technology, including the Internet, may disappear. We do not know what will happen to cryptocurrency in 20-30 years, but descendants can find our gold in tens of thousands of years.
We are not the first civilization on this planet and the technologies of previous human civilizations sometimes surpassed ours. We find gold in all civilizations, but we have not heard anything about the use of cryptocurrency before.

[witcher_sense]

Of course, gold and bitcoin are not comparable. The only thing that unites them is the high cost. Otherwise, they are almost completely opposite.
To what has been said here, I can add that we should not rely entirely on new technologies, digital in particular. Now the climate is changing, scientists are warning of mass cataclysms, and any technology, including the Internet, may disappear. We do not know what will happen to cryptocurrency in 20-30 years, but descendants can find our gold in tens of thousands of years.
We are not the first civilization on this planet and the technologies of previous human civilizations sometimes surpassed ours. We find gold in all civilizations, but we have not heard anything about the use of cryptocurrency before.

If there weren't digital technologies such as the Internet, radio, etc., you likely wouldn't notice any climate changes or mass cataclysms because there wouldn't be any effective ways for scientists to spread their warnings. We wouldn't have the living standard we have today, humans would still be living in caves like animals. Or humanity would be already dead due to the lack of development of societies and technologies. We need new technologies, we need to develop new ways of dealing with old problems because that is how we survive and evolve. Even if we know for sure that the sun will burn out in five billion years, it doesn't mean we should stop building now. Today, the vast majority of people suffer from the disadvantages of the traditional monetary system, and people have to deal with it somehow by developing new digital money. Today, gold has failed as money but it doesn't mean it was useless previously or will be useless in the future.

[BuyingBitcoin]

Think of Gold as an Altcoin. We know Bitcoin has more value than Altcoins. Bitcoin and Altcoins work together to hedge against inflation.

[QuickAccount]

~
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.

You are wrong. By definitions currencies are not considered assets (sometimes the term "monetary asset" is used but currencies are not categorized as asset class).
As I mentioned the way some people see bitcoin doesn't defined what it is. There are also people who see bitcoin as a "Ponzi scheme" but that doesn't make it so.

Wrong. Liquid assets are still assets, by definition, they have value. Source: https://www.cryptovantage.com/guides/what-does-liquidity-mean-for-cryptocurrency/#:~:text=against%20other%20exchanges.-,Is%20Bitcoin%20Considered%20a%20Liquid%20Asset%3F,large%20buy%20and%20sell%20orders.

[DarkDays]

Here you can check this thread as it has been discussed for many years in this community.

2015
Bitcoin vs Gold: The Age Old Debate

2017
Bitcoin VS. GOLD
So Bitcoin is better than Gold?

2018
Bitcoin vs. Gold, Fiat and Altcoins (Updated: Traits of Money)

2019
Bitcoin versus Gold, the conflict

2020
[UPDATED] Bitcoin vs Gold vs The US Stock Market(US500)

Yes, there have been too many threads on here discussing the same topic. Ultimately, reaching the same conclusion, that while the two are not even close for a good comparison, BTC by far outweighs the benefits that gold once used to offer to investors and those looking to preserve their wealth.

It only requires a flexible mindset for an investor to be able to see that gold is falling short of the 'gold standard', and crypto is racing to take its place!!!

[carrigan]

I actually think that both Bitcoin and gold can complement each other. Both of these things have advantages and disadvantages of each, now this is the real important point. Even though Bitcoin is volatile, it is so sophisticated armed with today's super-sophisticated technology, besides that Bitcoin is predicted to be an anti-inflation tool. Today many also know about Bitcoin but they are still hesitant to join.

[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.

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.

And if you decide to own bitcoin secretly as it rises.

There's no need for you to tell it to the world that you own it personally. It's better to be safe and private because if someone you told it personally, he or she might have a bad plan for you.

Just to be safe around.

[sherenikaw]

actually both have their respective advantages depending on who invests in it. for people who are not familiar with bitcoin or are afraid to invest in bitcoin, of course they will choose gold for investment. because gold has a more stable price and ordinary people believe more in gold because it has a physical form that can be made sense. different from crypto enthusiasts who prefer crypto for investment because they know the superior side of crypto investment that is not obtained by other investments.

[Hamphser]

actually both have their respective advantages depending on who invests in it. for people who are not familiar with bitcoin or are afraid to invest in bitcoin, of course they will choose gold for investment. because gold has a more stable price and ordinary people believe more in gold because it has a physical form that can be made sense. different from crypto enthusiasts who prefer crypto for investment because they know the superior side of crypto investment that is not obtained by other investments.

And this is you should how able to recognize on where there are really pro's and con's between two things and also they do love to compare gold which is a natural mineral to bitcoin which is a bunch of codes
and serve out as a digital currency.

Of course there would be differences in value because on accessibility itself then its clear as day that people who do involved online will able to attain bitcoin in the most simplest and comfortable
way which they cant be done with gold.

But talking about long term aspects in terms of profits then both could give that but somehow it do differs on how much you could potentially earn.

[worldofcoins]

Think of Gold as an Altcoin. We know Bitcoin has more value than Altcoins. Bitcoin and Altcoins work together to hedge against inflation.

Gold as altcoin?

Altcoins are digital computed currencies and Gold is physical in nature I don't know how you got to that terminology but it's wrong.
Bitcoin and Altcoin work together? again?

I don't understand your points, Do you mean Bitcoin and Altcoins should have shared MarketCap equally? if so then that's disastrous.

[bhooscream]

bitcoin has its own advantages where all control is in the hands of each and if you can manage it well it will be very profitable. some people think gold has a more stable price and for ordinary people, gold is a safer investment, we just need to wait for the gold price to rise but if we learn more bitcoin investment is no less safe than other investments if we are more careful. besides that bitcoin investment also gets a big profit if we can manage it well.

[Kimonoe]

bitcoin has its own advantages where all control is in the hands of each and if you can manage it well it will be very profitable. some people think gold has a more stable price and for ordinary people, gold is a safer investment, we just need to wait for the gold price to rise but if we learn more bitcoin investment is no less safe than other investments if we are more careful. besides that bitcoin investment also gets a big profit if we can manage it well.

we can not blame those who invest in gold, because it has a physical and has been recognized by the state, and the risk is smaller. but we also can't blame bitcoin investors, because they have a different view, by looking at the future so that bitcoin becomes more profitable

[Alucard1]

Even though we have seen a great potential of bitcoin over gold, bitcoin cannot still replace gold because of government regulation, bitcoin will never be accepted as it is a decentralized system and there is no way for a centralized system to accept cryptocurrency, but still even though they wouldn't accept bitcoin we are still free to explore the crypto world and invest in bitcoin which really makes me already fine, don't care whether our country accepts bitcoin or not as long as I can explore it.

[PhucS]

If compared in value, of course Bitcoin will be much larger than gold, its popularity is also increasing. In the future, it will probably grow even stronger. As for gold, it is not only considered as a legal asset but also used as a popular jewelry all over the world, most people love gold jewelry. Overall, both gold and Bitcoin offer their own merits and are well worth the investment.

[btc78]

If compared in value, of course Bitcoin will be much larger than gold, its popularity is also increasing. In the future, it will probably grow even stronger. As for gold, it is not only considered as a legal asset but also used as a popular jewelry all over the world, most people love gold jewelry. Overall, both gold and Bitcoin offer their own merits and are well worth the investment.

The use is more functional of course Bitcoin but the stability and the assurance? does Bitcoin can stand in all kind of world scenario than what Gold can be?
Am sure it is Gold will dominate once there is another worldwar comes our way.
but I am for Bitcoin of course as i am keeping 80% of all my life asset inside bitcoin or i may say cryptocurrency because i also hold altcoins in my folio .
but comparison of Gold and Bitcoin exist since 2010 and yet what do we get as an answer?
there is a Bias point because this is Bitcoin community in which we are asking.

[molsewid]

The use is more functional of course Bitcoin but the stability and the assurance? does Bitcoin can stand in all kind of world scenario than what Gold can be?
Am sure it is Gold will dominate once there is another worldwar comes our way.
but I am for Bitcoin of course as i am keeping 80% of all my life asset inside bitcoin or i may say cryptocurrency because i also hold altcoins in my folio .
but comparison of Gold and Bitcoin exist since 2010 and yet what do we get as an answer?
there is a Bias point because this is Bitcoin community in which we are asking.

Talking this kind of issue in a one sided community really looks like bias to Gold because it is being discuss in a Bitcoin community which expected that none or few will stand for gold. It is not the first time we've encountered such kind of discussion comparing which one is valuable a bitcoin or gold but looking the value of bitcoin today we can actually say that bitcoin is more high value than gold. However, gold and bitcoin are two different types of asset in a different way gold being physical asset and bitcoin as a digital asset, stability also different but today as technology becomes more advance I do expect that bitcoin will become more useful in the near future.

[dezoel]

It is quite funny how some people in the comment sectionthinks that government can find your private keys easily. First of all, I can decide to buy bitcoin and no single person on earth would know who I am, not to talk of them knowing that I really bought Bitcoin. I have been using peer to peer methods for years to buy bitcoin and maintaining my privacy without talking to anyone about it and no one knows, except I decide to tell them.

Not even the government or anyone would know that I am storing bitcoins, even if you see my address on the blockchain and the money that is being moved, you don’t know who is behind it, because when I will be selling I won’t make use of regulated exchanges, I would just sell it directly to someone through peer-to-peer, and you would only see my coins sent to a different address and still not know who I am. So sorry, it’s easy to maintain your privacy with bitcoin than gold.