Why Bitcoin will always remain the best choice

[landheer]

because people predict the price of bitcoin in the future will be high, so many of them choose bitcoin for long-term investment, and because bitcoin is in limited supply then people will definitely choose bitcoin for long-term investment, but I think gold is also no less important because the price of gold from year to year the price is increasing because gold has many uses other than for jewelry it is also always used for electronics and so on. so I thought bitcoin, gold and money. I think they are inseparable friends, and we should have them all.

[Smack That Ace]

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.

To be honest, bitcoin is good and the best choice when we talk about the investment aspect but it cannot be the best in all cases. Like you said, fiat will still be king in everyday spending and buying something, I still find the convenience of fiat in my life, it doesn't become useless even if bitcoin is here. Same for gold, bitcoin is a better investment than gold but given its volatility, it cannot be said that it is a more stable store of assets than gold. Bitcoin cannot replace gold as jewelry for people. Human needs are extremely abundant, bitcoin is not something that is too versatile to be able to provide us with every utility.

[Silberman]

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.

While it is true there are some cons to holding bitcoin, the pros are so numerous that most of the time we can disregard the cons as not important at all, now it is true that is important to diversify your funds and it is a good idea to invest in gold if you can, but when it comes to fiat you should only hold as much as you really need because the more fiat that you hold the more you lose thanks to the inflation that at the moment is very high all around the world.

[Gladitorcomeback]

Btc will be always on top because of high security and total decentralization. Many coins now in market but not Decentralized like BTC .
Btc volume is also so high and Diagram clearly show why people believe BTC.

[Wolfencloud]

I think its not fair to compare the three, they have their own pros and cons. Yes, it is true that bitcoin may have all the advantages a human need but keep in mind that there are a lot of people who doesn't use any electronics or gadgets. So I guess the diagram is still missing out something.

[Cryptmuster]

To be honest, bitcoin is good and the best choice when we talk about the investment aspect but it cannot be the best in all cases. Like you said, fiat will still be king in everyday spending and buying something, I still find the convenience of fiat in my life, it doesn't become useless even if bitcoin is here. Same for gold, bitcoin is a better investment than gold but given its volatility, it cannot be said that it is a more stable store of assets than gold. Bitcoin cannot replace gold as jewelry for people. Human needs are extremely abundant, bitcoin is not something that is too versatile to be able to provide us with every utility.

I don’t know if it’s right to call bitcoin the best investment compared to gold, many are ready to argue with you about this. But bitcoin has a lot of positive aspects. After all, before bitcoin became universally recognized, gold did not have any truly worthwhile competitors. And if you take the cryptocurrency market, then bitcoin is without a doubt the best investment option that you can do.

[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.

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.

Yes, there are pros and cons.

But as someone who had experienced the roller coaster ride of bitcoin, all I can say is that I don't look at the cons of it. Mostly, I'm only looking at the pros of it because it has benefited me.

That's real story that has happened in my life when I've chosen to take the path with bitcoin and holding and investing on it. It is important to understand and learn what you're up to so that there will be no regrets when the market didn't go from what you're expecting.

[spiker777]

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.

That's a well explained infographic to understand importance of bitcoin over Fiat and gold. it is clear that bitcoin has way more advantage than gold and fiat. not just these mentioned in the image but there are so many more benefits and advantages of bitcoin.
one I can think of is that we can literally keep millions dollars worth of bitcoin in a single wallet and keep that in our pocket and purse. but we can't do that with fiat and gold. obviously not possible.

[xSkylarx]

-snip

Many people will still prefer a tangible asset as a store of value because of bitcoin's disadvantage of being irrecoverable once lost. Since it's decentralized, if the owner forgets the recovery phrases of those assets then it is forever gone and just sitting on the blockchain. Imagine 5% of bitcoin's supply being lost and irrecoverable then this could result a lot of volatility if that percentage increases over the years. I hope in the future something will be developed to solve that issue.

[KingsDen]

I have some observations;

The picture in Op said that fiat is not durable. I don't know the concept of durability in Op, but one of the major characteristics of money is durability and fiat is quite durable. Whether in paper form or in coin form and recently in CBDC form, all are durable.

Also in established history. Fiat has history lane which is attached to the country's culture and history. Many part of country's history can be told by looking at their fiat currency. I can also say that fist has established history also.

Apart from my two observations, I will say that the compilation is cool and explicit

[_BlackStar]

I don’t know if it’s right to call bitcoin the best investment compared to gold, many are ready to argue with you about this.

You can assume that bitcoin is not the best when compared to gold, but please consider these 4 points:
Unlike gold, bitcoins are:

• Easy to transfer
• Easy to secure
• Easy to verify
• Easy to granulate

Limited supply is one of the advantages of bitcoin over gold, but I agree that these two assets are not competing to be the best but they are assets that can be considered as an investment instrument and a store of value. People use bitcoin as a means of payment, investment, or trading asset, but don't expect everyone to agree with bitcoin while they agree with gold.

[Mauser]

I agree with your chart, bitcoin offers a lot of advantages over gold and fiat money. Without a trust worthy government standing behind the fiat currencies they become worthless, and even than can it happen that a crisis will ruin the currency of a country. Politicians have too much power on the monetary policy of a country. For example, years of saving money can disappear in a few month if the government decides to print more money. The best solution for us is to diversify and invest in other assets outside of the governments reach, like crypto currencies. And Gold doesn't fit into today's world anymore, everything is about digital movement and removing of borders. Having tangible assets like gold that are hard to store don't fit into that anymore.

[boris singer]

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.

People who do have a broader view will obviously be in bitcoin in terms of investment and gold is the second thing that can be an option.
But as long as we live by clear rules we won't be able to forget Fiat in this regard.
I personally am in bitcoin when making long term investments, but when in everyday life fiat is a solution so there is no need to attack each other to bring each other down actually because it really comes back to their respective choices but when people with greed clearly don't want to see something higher than what they think is right.

[monineklutak]

I don’t know if it’s right to call bitcoin the best investment compared to gold, many are ready to argue with you about this.

You can assume that bitcoin is not the best when compared to gold, but please consider these 4 points:
Unlike gold, bitcoins are:

• Easy to transfer
• Easy to secure
• Easy to verify
• Easy to granulate

Limited supply is one of the advantages of bitcoin over gold, but I agree that these two assets are not competing to be the best but they are assets that can be considered as an investment instrument and a store of value. People use bitcoin as a means of payment, investment, or trading asset, but don't expect everyone to agree with bitcoin while they agree with gold.

The convenience that Bitcoin could provide by any means is comparable. The anonymity, as well as the profitability of it, is also an edge though it has the biggest risk due to its volatility. Limited supply could make its price strike better during every market cycle. However, gold is still a good investment though they really have differences and edges.

Talking about fluctuating I think almost everyone knows that the crypto market is like that,
other than that regarding Bitcoin and gold investments, of course, there are many differences,
What is certain is that all investments will always have risks

[fullhdpixel]

because people predict the price of bitcoin in the future will be high, so many of them choose bitcoin for long-term investment, and because bitcoin is in limited supply then people will definitely choose bitcoin for long-term investment, but I think gold is also no less important because the price of gold from year to year the price is increasing because gold has many uses other than for jewelry it is also always used for electronics and so on. so I thought bitcoin, gold and money. I think they are inseparable friends, and we should have them all.

But, that was only a prediction and there is no assurance yet that it can happen. Don't forget that there are so many factors which can affect the growth of btc. Maybe it's not only about the potential price the btc can achieve on why it is titled to be the best choice but it may be because it is decentralized and partially anonymous. We won't worry that our fund will be frozen because we have a total control of it.

Gold on the other hand has its own use unique use case so it is fine if we will also have it other than btc. Once we already have both of them, there is no real need to have a fiat money anymore tho fiat money can still be the best choice for a normal individual.

[qwertyup23]

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.

I agree with your statement.

It is not always about being the best but it is almost always about the payment method that is most efficient. Is BTC the best choice in terms of day-to-day payment? Is BTC the best choice in using as the main medium of currency around the globe? I doubt about that, but there are some aspects that you can consider BTC to be the best.

At the end of the day, it is always about recognizing which medium to use in the best and most efficient way possible. BTC is not always the best and that is fine. There are some aspects where fiat will overwhelm and shine, but that does not mean that fiat is indeed the best in investing.

[m2017]

It seems to me that your diagram doesn't take into account all the parameters and categories. For example, it would be necessary to add for comparison Electronic Money (like Paypal, Bank's Digital Currency and so on) and the Ability to Pay Everywhere. Also, I believe that bitcoin, gold and fiat are different financial instruments that are not entirely correct to compare. Gold has not been used as a currency for a very long time and it is almost impossible to pay with it anywhere. Although bitcoin was originally conceived as a digital currency, it has now moved away from this concept towards an investment instrument. It turns out that you need to compare either bitcoin and fiat as currencies, or bitcoin and gold as investment instruments. Comparing everything at once would be an erroneous decision, because these are different categories with different applications.

[Anonylz]

I have some observations;

The picture in Op said that fiat is not durable. I don't know the concept of durability in Op, but one of the major characteristics of money is durability and fiat is quite durable. Whether in paper form or in coin form and recently in CBDC form, all are durable.

I think that is one concept that should be reviewed, have you seen the size of $ 1 million dollars, or in any other fiat currency, do you think it will fit in your physical wallet without drawing attention? in the case of BTC, you can have more than $ 1 million worth of btc in your digital wallet on your device without a single soul noticing anything. Gold is another story entirely.  And that is what the durability in the @op infographic means.

[Smack That Ace]

To be honest, bitcoin is good and the best choice when we talk about the investment aspect but it cannot be the best in all cases. Like you said, fiat will still be king in everyday spending and buying something, I still find the convenience of fiat in my life, it doesn't become useless even if bitcoin is here. Same for gold, bitcoin is a better investment than gold but given its volatility, it cannot be said that it is a more stable store of assets than gold. Bitcoin cannot replace gold as jewelry for people. Human needs are extremely abundant, bitcoin is not something that is too versatile to be able to provide us with every utility.

I don’t know if it’s right to call bitcoin the best investment compared to gold, many are ready to argue with you about this. But bitcoin has a lot of positive aspects. After all, before bitcoin became universally recognized, gold did not have any truly worthwhile competitors. And if you take the cryptocurrency market, then bitcoin is without a doubt the best investment option that you can do.

I think it depends on one's point of view. Personally, from an investment perspective, I think bitcoin is worth investing in rather than gold. Many people are afraid to invest in bitcoin because of its volatility but for me the more volatile the better the chance of making big profits from it. As for gold, it is really a safe asset because it has been recognized for thousands of years, but because it is less volatile, the volatility is quite small to be profitable. When it comes to safe havens, bitcoin cannot be safer than gold, although it can still be a haven.

[bitzizzix]

And why I chose bitcoin in the end and I will explain it here.

The first thing that makes bitcoin special apart from being limited is its privacy, because people on the bitcoin network can trade or transact without knowing who they really are in real life.
and want to manage our finances without bank intervention or paying unnecessary fees.
and bitcoin is open to all, so anyone with internet access can engage with the bitcoin network and all i need to do is connect with a third party service that does bitcoin exchange.
and another important aspect of bitcoin is decentralization, whenever person A wants to send bitcoins to person B, there is no need for a central authority like a bank, therefore no other party can control the supply of bitcoins through the bitcoin network. Faster, cheaper, safer, and immutable.
and in terms of investment it is clear that bitcoin is much better and more profitable than gold, especially for the long term.