Why Bitcoin will always remain the best choice

[Bitstar_coin]

The diagram below gives a short and precise distinctive difference between BTC, Gold and Fiat.



with the above explanation it is clear why btc is better and the best choice over the rest. If you are still in doubt it is too bad because you are clearly missing out.

[Charles-Tim]

I like fiat for spending, it depreciates in value because of inflation, it makes way for bitcoin, gold and other assets like that to have more value, they have more value because they are paired with fiat to estimate their value and fiat is often depreciated. I like fiat because of that, I can spend it, but I can not hold it.

Bitcoin has limited supply, just 21 million coins. What is not scarce but available to everyone with ease would have little value, but the 21 million supply and the demand, makes bitcoin valuable. Bitcoin become a means of investing, people buy it and hold it because of its value that appreciates over certain time. Also helping peopole in long term as an hedge against inflation.

I will say bitcoin is more than portable, because it is digital, not something physical.

[hosseinimr93]

I don't think it's fair to post such an image without giving credit to its creator.
The image posted above has been already posted by DocumentingBTC twitter account.

Click here to see the tweet.

[Lucius]

Bitcoin, unlike gold, has a max supply that we all know is 21 million BTC, while there are only estimates for the total amount of gold that has been mined so far and that is still underground. Not to mention all that gold found on various asteroids or other planets in our solar system. Bitcoin has a far greater advantage here and has a far fairer and cleaner way of mining, regardless of all the theories that it is energy demanding and has a negative impact on the environment.

When it comes to resistance to censorship, Bitcoin has its advantages, but only if we remove centralized crypto exchanges and potentially bad Bitcoin miners from that equation, because both can censor our transactions or freeze funds at a certain BTC address.

As for authenticity and forgery, not everything is as clear as it seems - because we have some BTC forks that are still presented as real BTC, while on the other hand, anyone who does not have enough knowledge about Bitcoin can buy any coin called Bitcoinxxx, or can be scammed to buy testnet coins.

Is Bitcoin the best choice? Maybe, but only for those who understand it at least in some basics.

[naira]

I need all three to be much more balanced. But for a larger percentage of ownership, Bitcoin is the choice. 50% for Bitcoin and for the rest I would love fiat and gold. Do not all three have the same strong drive in how the market works. Investing in Bitcoin for gold lovers is of course often not considered a hedge because of what they think is the type that can be seen. But for us having large amounts of money in Bitcoin gives us freedom of sole rights and cannot be owned by any party. Having a large amount of gold will continue to be monitored, as well as fiat which only makes you focus more on ownership taxes. While Bitcoin is loose

[Solosanz]

You're need to add few criteria to compare too,

Stable price:
Bitcoin X
Gold X
Fiat Y

This mean Bitcoin is very hard to use for daily basis since the price can constantly change every second in 24 hours


Widely accepted and government regulation:
Bitcoin X
Gold Y
Fiat Y

This mean it's hard to achieve global adoption, it's need to be accepted globally in order to make Bitcoin price quite stable and didn't shock many people.


Easy and friendly to use:
Bitcoin X
Gold X
Fiat Y

It wouldn't need a hard way to understand fiat and how it's created etc, you can know it from an employee on central bank. While Bitcoin there's almost no people will teach you in real life, even you can learn yourself on internet, you can't understand for single day or a week.

[Bitstar_coin]

I don't think it's fair to post such an image without giving credit to its creator.
The image posted above has been already posted by DocumentingBTC twitter account.

Click here to see the tweet.

Absolutely, it slips my mind, I don't usually post anything here without adding the source link. Thanks for pointing that out.

[gunhell16]

Perhaps because bitcoin can be a:

1. An opportunity - because it can provide
    profit to anyone who will have an interest in it.

2. Can be Savings in the future - purchase of
    bitcoin to anyone and he will hold it for a few years no
    it will be sold in trading and if the price suddenly increases
    this amount, you will suddenly have savings in the future.

3. Can be used in business - Many people use
     bitcoin in different countries in different aspects of
     business through payment transactions online.

[palle11]

To add more in light of the choice of Bitcoin for those speaking for Bitcoin, the fees for Bitcoin is now very low and that doesn't really take anything away from you when sending coins. You can be charged as low as $0.0.. depending on the speed you want. This is really friendly to bitcoiners. However fiat is still standing in the minds of many especially non risk takers that prefer to hodl in fiat because they can easily monitor it because of stability.

[Rruchi man]

I get that the mass of people here will speak in favor of bitcoins, and it is good, not that I am trying to say the other options you compared with bitcoins are not relevant, but from your topic OP- "WHY BITCOIN WILL ALWAYS REMAIN THE BEST CHOICE", do you really think bitcoins will "always" remain the best choice? taking cognizance of the fact that there could be another ground breaking innovation. For the now bitcoin is the best choice, but we can't say it will always remain the best choice. At a time people also believed gold to remain the best choice, until the reality of bitcoins came, change and development is constant.

[dothebeats]

Bitcoin is your best choice on the criteria that you have outlined, but what about other things? I'm a supporter of bitcoin, and I use it for keeping my assets safe against inflation among other things, but there are some things that other asset classes can do that bitcoin can't. Fiat remains to be the king when it comes to purchasing something, and gold remains to be one of the most important metals as it has other uses aside from being used as a jewelry and for other shiny things. We can be bias on our criteria, but facts remain facts at the end of the day.

[_BlackStar]

I like fiat for spending, it depreciates in value because of inflation, it makes way for bitcoin, gold and other assets like that to have more value, they have more value because they are paired with fiat to estimate their value and fiat is often depreciated. I like fiat because of that, I can spend it, but I can not hold it.

Just like you, fiat should not be kept long term as it always loses its value. Fiat is only to be owned as a means of everyday payment whereas bitcoin and gold should be considered as long term investment assets. I don't plan on having fiat as a bank deposit, it won't do much in the long term.

Bitcoin has limited supply, just 21 million coins. What is not scarce but available to everyone with ease would have little value, but the 21 million supply and the demand, makes bitcoin valuable. Bitcoin become a means of investing, people buy it and hold it because of its value that appreciates over certain time. Also helping peopole in long term as an hedge against inflation.

Limited supply should be the reason why its price increases in the long term, so we should not hesitate to include it in our portfolio as an investment asset. But I think no one should ignore the risk, they should understand the investment risk.

[CryptoHeadlineNews]

When it comes to portability, I believe that Bitcoin is more portable than the rest two, "Fiat & Gold", because I still disagree with the fact that fiat is portable, because looking at this picture below which I just edited, I was able to diagrammatical illustrate the level of portability of each of these assets (Bitcoin, Fiat & Gold), because an individual with over $1million worth of Bitcoin could be sitting next to you and you will never noticed, unlike Fiat and Gold that is easily noticeable.

[fiulpro]

Bitcoins is definately something that is preferred over other cryptocurrencies but at the same time there is always the problem of it being the source of much pollution since bitcoin is essentially mined and most of the environmental activists will try and blame it directly on bitcoins. Therefore overtime people might try and switch to much greener options, might happen, might not happen, might be forced to happen, who knows ? But I do think it does have unlimited potential and thus should be ofcourse respected perse, we have to also remember that it generally works synergistically with other Altcoins as well.

[Asiska02]

With the figure as an example, it is clear that bitcoin is the best asset to hold onto. Despite its short history and volatile character, it may be studied and understood in contrast to other systems that are controlled by those in positions of authority. It won't be an issue to hodl it, and it will be the greatest option for one. Every other choice in the table has provided a clearer explanation of why holding bitcoin will be the greatest option for storing money. Even if gold and fiat both have their own advantages over bitcoin, they also each have their own disadvantages.

[lalabotax]

Bitcoin, unlike gold, has a max supply that we all know is 21 million BTC, while there are only estimates for the total amount of gold that has been mined so far and that is still underground. Not to mention all that gold found on various asteroids or other planets in our solar system.

You are right. Even, Bitcoin circulating supply is always decreasing over time. Since it is very possible that some people forget the key private to access their Bitcoin on the wallet, the circulating supply of Bitcoin won't be stable. Unlike Gold, the number of Bitcoin in the market is going to decrease, while Gold is increasing although it is not too massive because it is a rare thing. In this matter, Bitcoin has a better advantage that the price will tend to increase gradually day after day since its circulating supply is decreasing.

[Mahanton]

Bitcoin, unlike gold, has a max supply that we all know is 21 million BTC, while there are only estimates for the total amount of gold that has been mined so far and that is still underground. Not to mention all that gold found on various asteroids or other planets in our solar system.

You are right. Even, Bitcoin circulating supply is always decreasing over time. Since it is very possible that some people forget the key private to access their Bitcoin on the wallet, the circulating supply of Bitcoin won't be stable. Unlike Gold, the number of Bitcoin in the market is going to decrease, while Gold is increasing although it is not too massive because it is a rare thing. In this matter, Bitcoin has a better advantage that the price will tend to increase gradually day after day since its circulating supply is decreasing.

Dont know on whats up into those peoples mind on why they do really believe  that bitcoins price would become stable considering that this had been volatile since the beginning of time.
Bitcoin wont really be continuing on sitting up on the top ranks if it wasnt really be the best choice.For those who do keep on saying negative things then they are the ones who dont know on whats
Bitcoin is all about or just really just hating it out.It would be always the best choice but dont forget about risk management since nothing is assured if we do talk about
future things or somethings gonna happen ahead.

[Captain Corporate]

Dont know on whats up into those peoples mind on why they do really believe  that bitcoins price would become stable considering that this had been volatile since the beginning of time.
Bitcoin wont really be continuing on sitting up on the top ranks if it wasnt really be the best choice.For those who do keep on saying negative things then they are the ones who dont know on whats
Bitcoin is all about or just really just hating it out.

That is %100 true, we are not going to end up with anything that is shocking right now, it would be quite the tough challenge if we were just stable, then how could we make all this kind of money? This is why its clear that bitcoin is something that will take a bit of time before it could calm down and it will always be volatile. There isn't any problems with the situation we are in right now, its quite alright and we shouldn't be shocked with the fact that nobody really cares about stabtility and they all want volatile because traders are main interest group and they love it when it goes up and down.

[boyptc]

While the gold and fiat defenders, they'll reason out that bitcoin is intangible. 

Scarcity for bitcoin is a great thing and that's why the majority of us understands that in the near future, this asset is going to be of a great value that the others haven't seen yet.

It's easy to carry and to store and you can just simply walk on the side walk being an investor and holder of it without being showy.

[AmoreJaz]

While the gold and fiat defenders, they'll reason out that bitcoin is intangible.  

Scarcity for bitcoin is a great thing and that's why the majority of us understands that in the near future, this asset is going to be of a great value that the others haven't seen yet.

It's easy to carry and to store and you can just simply walk on the side walk being an investor and holder of it without being showy.

let us be open to the fact that there are pros and cons also holding btc, and so with gold and fiat. but much better if we can have all of them. at least diversify your funds. and no matter what, gold and fiat will still remain in this market. they are tangible assets that we can physically hold. and remember, not all people in this world are familiar with bitcoin or crypto, so many are still preferring the traditional means of payment method. and it may not change for them anytime soon.