Will you be in favor of Gold or Bitcoin !!

[KaliLinux]

I guess comparison is how rare both bitcoin is, but as far as I understand it, bitcoin might be rare than gold. And we have seen this comparison in 2017, a bullish run that's why there are many articles about it even in this community.

Each one has it's own advantage, but for investment purposes, obviously, I will favor Bitcoin (BTC).

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I guess this topic will probably continue for a while because people or investors want to keep convincing themselves that Bitcoin is just as good/valuable as Gold. These two entities are different and quite frankly, Bitcoin has grown in just over a very short period compared to Gold but it is still the "Gold standard" in rating everything to the highest level and when it comes to an investment as you said, I too favor Bitcoin and I remember a couple of supporting post from this thread Bitcoin VS. GOLD

[Franctoshi]

Deutsche Bank, one of the largest private banks in Germany, predicts Bitcoin will return to $28k by the end of the year.
Interesting is that they rate Bitcoin as more valuable than Gold, they compare Bitcoin as rare as Diamond.
https://www.bloomberg.com/news/articles/2022-06-29/deutsche-bank-says-bitcoin-could-reach-28-000-by-year-end

Bitcoin of course , the difference is just very clear between both of them, Gold is good but Bitcoin is much better asset class over Gold.

1•Bitcoin has a limited supply of 21M, not taking into account those wallets that the owners lost their keys and the ones to be lost too, which means only 21M BTC will ever be in existence. .
While the mining of Gold is continuous no one really knows the exact amount of Gold to be in circulation or existence.

2•Bitcoin is more liquid that Gold in the sense that Buyers and sellers are readily available, just with one click you just sell your BTC
Whereas for Gold it take you sometime to find immediate buyers.

3•Time and Cost spent in the transportation of Bitcoin from one place to another Is cheaper than Gold .

For Example...
It will cost you more money and more time to transfer More Gold to China or any other countries than Monday it will cost you while sending huge amount of Bitcoin which is just in a matter of minutes to 1hr or more and BTC is sent to someone in another country.

4• Bitcoin is the only freedom form of money in the whole world, Meaning you are your own bank and you can purchase things with your BTC simply by just doing a transfer to the person. While for Gold , Government overseas the mining activities of Gold.

This is why I will prefer BTC to Gold

[GiftedMAN]

Even though there is a lot of Bitcoins on exchanges I would not agree that Bitcoin is as vulnerable as gold. If you take self custody of yours Bitcoins and do it right it is much harder to find your millions or billions worth of Bitcoin and/or keep you from spending them as needed. Yes at that moment Bitcoin is down as compare to earlier year but it is not the right thing to call it vulnerable as gold.

Despite the current state of the bitcoin price right now,  I will not compare gold to bitcoin because bitcoin is more valuable and vulnerable than gold. Before the bear market, A lot of people had their millions in bitcoin and up till date, people are still investing knowing that the bull season will soon be here.

The price of bitcoin may reduce but it doesn't loose value like gold, people who choose gold are those who believe in the power of fiat currency, the number of available BTC is well known but gold has no limit to it's supply.

[fiulpro]

Bitcoins being digital diamond would be really a realistic approach since the diamond does not have a really high price in reality and at the end of the day the demand plus marketing makes it stronger and  in Bitcoins I do think that every person knows how strong is the demand and supply Rule.

- I would personally favour bitcoins ofcourse, Gold is not something that is opt for the middle class, it's an excellent trade off investment for the rich but for the middle class I do think bitcoins is better, it's more volatile and thus can produce better results as well.

I do think that volatility can be scary for most people odc since loosing a lot of money that soon is no joke but at the end they make an enormous amount of money as well when they have enough patience.

[TheNineClub]

Both have diferent places and serve diferent funcfions and therefore there is not need to compare them to one another. It seems that both are here viewd as imvestment's and we are forgeting that gold is also a powerfull conductor and is used in electronics, and BTC provides a diferenty monetary option than the ones available.

[Pesona1]

Both have diferent places and serve diferent funcfions and therefore there is not need to compare them to one another. It seems that both are here viewd as imvestment's and we are forgeting that gold is also a powerfull conductor and is used in electronics, and BTC provides a diferenty monetary option than the ones available.

For me, gold and bitcoin are two investments that are indeed worth investing in under any circumstances, in terms of saving value for money, of course gold can be an option because its price movement is stable, while bitcoin is of course one of the assets that has quite a fluctuating price and can provide The profit is very large, although it also has a big risk, but of course both investments are profitable investments.

[darkv0rt3x]

I'm in favour of Bitcoin. Bitcoin has a few properties that gold can't have. Divisibility, potability to name just 2 of them. Recent news also says that new deposits of gold were found in Uganda, iirc, so that will also helps to increase the supply. However, it's well known that is really hard to raise the ratio of new supply versus current supply, so, supposedly gold price won't suffer too much from this aspect. It can suffer from other aspects, but I think not this one! This said, I'm for Bitcoin. Also LN is still growing, developing and still needing adoption to be able to catch up and show it's real value!

[Dunamisx]

Deutsche Bank, one of the largest private banks in Germany, predicts Bitcoin will return to $28k by the end of the year.
Interesting is that they rate Bitcoin as more valuable than Gold, they compare Bitcoin as rare as Diamond.

Why should the prediction be limited to $28k, this can not be accurate as the price in bitcoin is unpredictable, it can go above or below the amount, bitcoin is more valuable and profitable than gold of no doubts and the rate at which many are investing on bitcoin is far better than that on gold, why is because bitcoin is both a currency, an asset and a decentralized currency that can be acquired, possess by anybody unlike gold that has just a single application.

[GigaBit]

Deutsche Bank, one of the largest private banks in Germany, predicts Bitcoin will return to $28k by the end of the year.

Not only Deutsche Bank of Germany but many other financial institutions in the world have predicted this. So it is not just ordinary investors but all types of financial institutions are also monitoring it. Gold and Bitcoin are two different things. Someone who has no resemblance to someone is different in terms of usage. Gold has a stability in terms of price which is not the same as Bitcoin. The price of gold will go up. On the other hand, the price of Bitcoin is very less today, but there is no doubt that it may touch moon tomorrow. Because Gold is Unlimited but Bitcoin Limited only 21 million. Overall, Bitcoin is the best in terms of assets and as a medium of exchange.

[ChrisPop]

For one to come to a conclusion regarding the viability of the two assets as a store-of-value and analyse their potential as investments he needs to know the history of money. Here just a few points to take into account:

Gold

• It benefits from the ingrained concept in our mind that it is a valuable thing to own. The world has been saving in Gold for thousands of years. A lot of time needs to pass to change mentalities.
• As the OP stated the total supply, while limited, is still unknown to us.
• The cost of extraction - while the supply is not known the cost of extracting the gold from discovered sites might block the actual injection into circulation of the precious metal.

Bitcoin

• As the supply is limited by hard, pure, state of the art code, we can really trust that Bitcoin is extremely rare.
• Digital and portable - it does not take up space and is not that susceptible to physical theft as Gold is. (i.e. Try walking on a dark alley in a dangerous neighbourhood with a gold bullion in your pocket. See how you feel.
• Security and self-custody - with a little bit of research and cybersecurity knowledge you can safely store your wallet.

If you are an open-minded person Bitcoin is a much better store-of-value from all points of view. Who says that value has to have a physical form? --> this is a question I could write a long essay on, but I'll save it for another time.

[qwertyup23]

In any case I believe that comparing bitcoin with other stuff that don't even fall in the same category as bitcoin (the currency) is wrong. Both gold and bitcoin serve different purposes than one another. For example you can't really use gold to pay for stuff easily but bitcoin is designed to do exactly that.

As you say, the comparison probably won't be quite right in every respect, fiat, gold, bitcoin, each with its own characteristics and used for different purposes. But people compare because they want to prove that bitcoin is good, it includes the features of gold and fiat. So if bitcoin is widely used then it is considered as all-in-one solution, it can be both a storage asset and a payment method.

I actually agree with you- it does not mean that one incurs value overtime that means that they are on an equal footing with each other.

People tend to compared and conclude that BTC is the digital gold of this era. While that may be true in terms of inflation, their innate nature is different. While both may be non-renewable resources, gold has a natural intrinsic value; while the price of BTC is primarily derived from what people are willing to pay for it.

Again, fiat, gold, and cryptocurrencies may have different purposes but all of them have value.

[naira]

It's not that I don't want to have gold, but as we know storing gold is equivalent to 1 Bitcoin, it will only make you sleep and not sleep well when storing gold in the room or in the safe. While Bitcoin you can store large amounts without the need to spend a meter of space. Moreover, having to store gold in a bank and give all access to the bank to manage it, of course I refused. From this point we can see the effectiveness of the use and ownership of bitcoin and gold compared to one side to the other.

[WeedGoW]

Hey, I get it. All of us here either crypto enthusiastor or want to get rich quickly by crypto so, of course, we love Bitcoin and all. But come on, gold is nice too. If we want to take over the fiat or push Bitcoin to become a legitimate position in our society, to be stable and widely accept anywhere. We find a common front for both Bitcoin and Gold to exist. You know what I'm thinking, right? Yes, instead of going full favor to either Bitcoin or Gold, you put your stake in both. Let's say I'm a crypto enthusiast and my Bitcoin is also backup by my Gold. That would push Bitcoin 's status to become more legit, just as how fiat is commonly accepted, US petrodollar,...

[Vaskiy]

Today the gold price in my country have risen, because the ruling government have announced import tax rise over gold. My choice is towards bitcoin, gold is necessary for emergency requirement whereas bitcoin is a life changing investment. Diversified investment is always good, and this helps in keeping the portfolio Stable without much difference being experienced. Right now it is time to move the investments over gold towards bitcoin, because we don't know whether we'll get such opportunity to invest at a lower price.

[Fivestar4everMVP]

First, I personally think this two shouldn't be compared as Bitcoin is doing Bitcoin and Gold on the other hand is doing Gold, both are unique in their various ways even though both are similarly very scarce.
for me, I will always choose Bitcoin over Gold for several reason.
1. Investing in Gold takes a great amount of time and resources because of all the paperwork involved, this is something absolutely non existence in Bitcoin since no paperwork involved and under 5 minutes, you have purchased any amount of Bitcoin one wants.
2. Bitcoin is much more volatile in price which is actually where the good profit lies. Gold on the other hand has a more stable price with not very much volatility, and as this, Gold is only good for long term investment, while Bitcoin is good for both long term and short term investments.

[CryptoHeadlineNews]

It will be unrealistical for any one to compare these two, as they are not the same and can never be the same in all category, but thou both are used as a store of value and can be divided into finite fractions, Gold is an unlimited natural resources which has been in existence since the beginning of time while Bitcoin on the other hand is a limited currency of over 21 million whose value fluotuate due to demand and supply, so asking which will I be in favour, I will definitely go for Bitcoin because I could remember vividly one Economics theory back then in college, ""that when the demand for a limited product is high, it causes an increase in price for that product, and when the demand for an unlimited product is low, it causes a decrease in price"". So Bitcoin is a limited product whose demand is increasing by the year. So I will go for Bitcoin

[FatFork]

Bitcoin, because the ease of buying it is the best factor of an asset. But the currency itself is so speculative that it’s kind of scary. I'd say we are going to need to wait a few more years before we have enough of a "crowd" that has enough faith in it and is confident in it, and then we can have a Bitcoin revolution. But the beauty of Bitcoin is that it's something people can get on board with right now and feel the excitement of something that ’s just going to be around, forever.

But both assets have their advantages. Gold has been around for thousands of years and it's the best security and store of value in the world. But, Bitcoin has more technology involved, and has a lot of development possibilities for the future.

[lalabotax]

Why should we compare the two? Both Gold and Bitcoin are worthy. I personally love both Bitcoin and also GOLD. ANd there is nothing wrong if we are able to invest in the two. Gold is a very common investment earlier before Bitcoin is created and this has been growing so rapidly these days. Bitcoin is also very popular and always grows very big from years to years.
There is weaknes and also strengths that each of gold and Bitcoin has. We con consider them.

[sklopan]

I am definitely for gold. To me, this investment option seems much more important, and much more reliable in terms of work.

[Smartvirus]

I am a bitcoin enthusiast and have been using bitcoin for a while even though I get to exchange it for fiat before I can spend its value. On one occasion, I had transferred some coin to a foreign national to have some work done for me and he cashed out the value and transacted as expected. In essence whata I say; Bitcoin has its value and usefulness which cannot be over emphasised but so also do gold.

Gold has been around for several centuries and have served in divers capacities and continues to serve until this day. It assumes several uses to it, from exchange go store of wealth and also jewelries. Perhaps it doesn't match bitcoin but, its some good asset to behold too.