Hold Bitcoin VS Hold Gold

[larry_vw_1955]

gold or silver they are similar. pretty to look at maybe but a pain in the ass to get rid of. no one really buys them hoping for a quick profit. they buy them as a store of wealth, an inflation hedge but converting them back into fiat and even buying them incurs fees. so the price has to go up quite a bit just to "break even". ever wonder why people that buy gold and silver never seem to sell? that's why. it's hard to. you don't just click a button. unless you don't really own it in the first place...

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[Darker45]

It seems this Bitcoin versus gold comparison won't easily die. But I think this isn't simply an either-or situation. If you have so much wealth, you'd better off having both. However, if you have limited savings which you intend to invest on either of them, I think Bitcoin is the better option.

While gold doesn't have to prove anything anymore as far as being a way to keep inter-generational wealth is concerned, the potential of growth is on the side of Bitcoin.

So perhaps it depends on what you are up to with your money. For me, at this point, I'd rather be heavily invested in Bitcoin. It matters whether you're still building or keeping your wealth.

[GreatArkansas]

Gold Versus Bitcoin, the decision of whether to hold Bitcoin or gold is a personal one. Because for me, what I can see on Bitcoin right now is an improved version of gold, or digital version of gold, or modern gold.
Bitcoin somehow is a store of value just like gold but they are not the same in all aspects.
So for me, if you are high-risk tolerance and want a high reward also, go for Bitcoin, we all know how volatile Bitcoin is and it's still early, I'll go with Bitcoin.

[Blitzboy]

From historical to ecological impact, and fiscal functionality, your analysis was thorough. Seen through a 21st-century prism, Bitcoin is an adaptable, fluid wealth form. Its lack of historical depth compared to gold is countered by its swift digital impact. Your stance on supply resonates. Bitcoin's capped limit of 21 million provides an edge over untapped gold reserves. Bitcoin's boundary is transparent and defined.

Ecologically, labeling Bitcoin as greener is debatable. Though Bitcoin mining utilizes renewable energy, it's significant and calls for refinement. Monetarily, Bitcoin's flexibility is unquestionable. Swift, global transactions are a necessity in our digital age, and Bitcoin excels here. On Bitcoin's immunity to hacking, it's attributed to its blockchain technology and the computational complexity to alter prior transactions. As for the prime moment to invest in Bitcoin—it's when you foresee its enduring potential!

[bussybuddy]

Both belong to the economic and financial system, and I don't want to make too many comparisons even though they do have many similarities and differences. From anyone's point of view that keeping what is appropriate is what they want it to be for the benefit of individuals or the community at large, I have in mind the issue of financial position for us to consider. should do what is reasonable, but indeed, holding anything has its benefits and risks. So the story will still revolve around investing, and of course we need questions to have the experience of making the right decisions and being responsible for those things.

[RewFrew]

In this topic I will tell you about two camps; people who like Bitcoin and people who like Gold. So, Hold Bitcoin or Hold Gold ?. We will see from several aspects; Historical, Creator, Supply, Environmental Issue, and Monetary Function.

Between Gold and Bitcoin BTC

 First, let's look at the historical side. Of course, Gold's history is much longer than Bitcoin's. Gold has existed since this world was created. Even thousands of years ago. Gold has been used as money and a medium of exchange since 550 BC in Lydia. While Bitcoin has only existed since January 2009. So Bitcoin historical data is not as far and long as gold.

 The second, we see from side of the creator. The creator of Gold is the universe, and the scientists believe gold came from meteorites that rained down on the earth 200 million years after the earth was formed. While Bitcoin was created by Satoshi Nakamoto , we still don't know who this Satoshi Nakamoto really is. He could be very smart person, It could be an institution, it could be a community group, or even it could be a creation of AI or Artificial Intelligence (My wild thought). We never know who Satoshi Nakamoto is. Bitcoins are man made, it's man-made. But Bitcoins cannot be re-created or increased in number (The Supply).

 The third we will compare the amount of supply. Exactly how much is the maximum amount of gold supply?. We don't know, It could be suddenly find so many new gold sources that can be mined, so when there is additional supply, the assets will no longer be rare and worthless, so in the end the price goes down. While Bitcoin, the maximum supply is only 21 million coins and cannot be added again forever, This is what makes Bitcoin become so rare.

 The fourth is environmental issue. Well, environmental issues are becoming an important issue in the 21st century. Many parties (included some companies or firms) are vying to reduce their carbon footprint. For example, China has a carbon-free target by 2060. Mining gold from deep within the earth has a tremendous impact on the environment. And this is irreversible damage, while Bitcoin when compared to gold is more environmentally friendly, Because Bitcoin can be mined using renewable energy or cheaper energy. Bitcoin mining does not permanently damage the environment. In fact, there is no damage at all to Bitcoin mining activities. Because it happens on a computer network.

 Fifth, let's look at the monetary function. Even though gold is real money, money from the universe. And it was once considered money. But in the 21st century, gold has no monetary function. In the 21st century, gold is impractical, not portable ( as I said before in my last topic in Bitcoin Discussion) , and instead of making transactions easier, if we use gold , it makes transactions in this digital era more difficult. Wealth in the form of gold is not easy to move, especially across countries, during disasters, or wars. While Bitcoin makes transactions easier, because it can be done quickly through the Lightning Network, it can even cross countries. Bitcoin is also easily broken down to 1 satoshi, 1 satoshi is 0.000000001 Bitcoin, Zero by zero eight times behind. Bitcoins are also portable, Very easy to carry everywhere, because it's digital, can be accessed anywhere, the important thing is that we know our phrase. The price (value) of Bitcoin everywhere must be the same around the world, and as I said, the number of Bitcoins is limited, while the maximum amount of Gold supply is still unknown. Then about the risk, If this risk context is financial value, Gold is definitely very safe, Because the price is more stable and less volatile, but that doesn't mean there's no risk in saving gold, The risk of storing Gold is that the first is a thief, Yup, gold is very easy to steal. Why in ancient times did many kingdoms attack each other? Of course they were looking for gold. For example, in 215 BC, Rome stole gold from Macedonia, or after the Nazi fell, the gold was divided equally between America, Britain and France. Hmm, isn't it kind of theft too?. Gold storage is also difficult, to store large amounts of gold, you need a special place, tight security, and other thing, it's hard to move Gold in large quantities. Bitcoin is here as a solution to all of that. Bitcoins cannot be stolen. The Bitcoin network also can't be hacked.

Well, I think that’s all information about Hold Bitcoin VS Hold Gold. I really want to give you more informations, But I think it will be boring if the thread become so long to read, So I stopped, but also I think it’s a good way too for opening a discussion. I hope this thread could be a good discussion to expand our information and knowledge (well, inspite of there are people also said that News isn’t a Knowledge, I dont agree with that).

I also have a long answer of these questions :
 - Why Bitcoin can't be hacked?
 - So when is the right time to buy Bitcoin?


Sources / References :  - https://www.gold.org/history-gold/gold-as-currency
                                       - https://www.bbc.com/news/science-environment-14827624
                                       - https://en.wikipedia.org/wiki/Bitcoin
                                       - https://chinadialogue.net/en/climate/chinas-2060-carbon-neutrality-target-opportunities-and-challenges/?amp&gclid=CjwKCAjwv8qkBhAnEiwAkY-ahjB_SI6Zsh-2s-FJyIT3gm2BuieqXhbF873STTearZIntxLYO63NDhoC734QAvD_BwE

Overall consideration i think Bitcoin is best for hold right now. Bitcoin and Gold both are more valuable and good for hold. But considering current situation Bitcoin is best i believe. Now bitcoin is in uptrend and i think it entire in bull market. So i thik if anyone hold bitcoin he will be huge profitable within short possible time.And i think bitcoin following blockchain technology so it is possible to huck. Blockchain operate through Internet there no need any others account for hold it. So it is more secure. And Since last two years market was down but recently we are seeing market gradually increasing and it seems bull so if we invest now it will be Very profitable. So i think it is right time to Buy Bitcoin.

[rojan]

A look at the price movements of Bitcoin and gold over the last 10 years shows how different they are.  But if we think about safe investment, there is a lot of difference between the two.  Holding Bitcoin has a much higher annual profit potential than gold.  However, the risk here is also very high, but if you hold gold, the annual price change rate is low, but there is no risk here.So whether to hold gold or bitcoin depends on how much risk or profit he is willing to take.

If I think about the price of bitcoin and gold, I will invest in both. Because investing in bitcoin is very risky. And if we invest in gold, we will have a small profit. And it will become an asset for us. And if we  If we invest in Bitcoin we will have the possibility of losing money.I think we can invest some money in bitcoin gold and if some time give us a chance to make a lot of money.

[flyingcarpet]

In this topic I will tell you about two camps; people who like Bitcoin and people who like Gold. So, Hold Bitcoin or Hold Gold ?. We will see from several aspects; Historical, Creator, Supply, Environmental Issue, and Monetary Function.

When I asked this question to those around me, I got different answers. Those over a certain age do not give up on gold. However, the preference of those who know bitcoin and are in the young age group is bitcoin. Because they say that the return will be higher despite certain risks. I prefer Bitcoin. Investing in gold is not for me. I think answering this question is about a traditional point of view and a modern point of view.

Those who prefer gold do not like too much price activity, they generally say that they like a small but regular increase. They're getting a bit of a guarantee. They don't like risks.

[Cryptmuster]

Gold Versus Bitcoin, the decision of whether to hold Bitcoin or gold is a personal one. Because for me, what I can see on Bitcoin right now is an improved version of gold, or digital version of gold, or modern gold.
Bitcoin somehow is a store of value just like gold but they are not the same in all aspects.
So for me, if you are high-risk tolerance and want a high reward also, go for Bitcoin, we all know how volatile Bitcoin is and it's still early, I'll go with Bitcoin.

Bitcoin is now going through the stages that gold has done poorly in the past, so Bitcoin as an investment has a much better potential. But if the OP likes gold, then this is a very good option for diversification, some part of the investment may bring less income, but at the same time it will reduce the risk of losing just one asset. We see how WisdomTree, Invesco and Valkyrie, after Blackrock, applied to register a spot bitcoin ETF, when gold passed this stage and we all remember what happened to its price after that.

[Z390]

The old people will surely go for Gold because that's the most valuable thing they know and get used to in the past, but this is a new age where technology is advancing, why the hell will I go for Gold when we have Bitcoin? It's this obvious and Bitcoin have better advantages over having Gold, I will rather hold Bitcoin than holding Gold.

Although, I think involving in both asset is far more safer than investing only in Bitcoin, but I personally like Bitcoin more and I don't think I will be buying any Gold soon or maybe never I can't say for now, I believe Bitcoin is my major prerogative right now.

[Ayers]

A look at the price movements of Bitcoin and gold over the last 10 years shows how different they are.  But if we think about safe investment, there is a lot of difference between the two.  Holding Bitcoin has a much higher annual profit potential than gold.  However, the risk here is also very high, but if you hold gold, the annual price change rate is low, but there is no risk here.So whether to hold gold or bitcoin depends on how much risk or profit he is willing to take.

If I think about the price of bitcoin and gold, I will invest in both. Because investing in bitcoin is very risky. And if we invest in gold, we will have a small profit. And it will become an asset for us. And if we  If we invest in Bitcoin we will have the possibility of losing money.I think we can invest some money in bitcoin gold and if some time give us a chance to make a lot of money.

Most people want high profits and to get rich quickly, so they will choose bitcoin over gold. But on the contrary, those with a lot of money, billionaires, will choose gold because they need the safety of their huge wealth. But why don't we hold both? Asset diversification is always a good thing. By investing in both, we can both limit our risk in gold and make a substantial profit in bitcoin. As far as I know, there is no rule that prohibits us from owning both or is forced to choose only 1. So why do we always compare them to find the better one?

[Z-tight]

As far as I know, there is no rule that prohibits us from owning both or is forced to choose only 1. So why do we always compare them to find the better one?

People compare them because they do not have the money to buy both of the assets, they can only buy one, so they want to know which asset has more potential, so they can choose it and invest in it.

Bitcoin is the future for me, gold is not potential but rather a piece of jewelry for women.

Gold does not have any "potential" because everyone knows what gold can and can't do, it is a very old asset and a store of value that people have been using to hold the value of their money for a very long time. I believe when we talk of "potential", it is for newer assets. By the way Gold can be used for other things than just jewelries, though it is one of its use cases.

[fuguebtc]

Gold is indeed a very good asset and has been recognized through thousands of years of history, it will always be the choice of some people, especially the older generations, who prefer safety. And if you ask anyone on this forum, 100% will definitely choose bitcoin because all are willing to take risks to have a lot of money, and bitcoin is what they have been looking for all this time.

Both have pros and cons and are used in different situations, so we see no need to compare. Depending on each person's taste, we should choose assets to invest accordingly. Just because we don't invest in gold doesn't mean it's not good, and vice versa.

[petulino]

LOL I don't want to die holding gold. I want my money invested in the technology and you may already know how gold works and if you are around bitcoin community for long enough or if you just can see the potential of bitcoin you will also pass on gold.

Bitcoin is the future for me, gold is not potential but rather a piece of jewelry for women.

I think there is a lot of hype around Bitcoin these days. Bitcoin is a digital currency and is also known as digital gold. Bitcoin has a lot of importance today but you cannot deny the importance of gold, because people have been investing in gold since ancient times. Both Bitcoin and Gold have their place of importance, but it is also true that Bitcoin has a considerable advantage over gold due to its unique characteristics. If the profit rate is analyzed in gold and Bitcoin, the profit rate in Bitcoin is very high. So I think investing in Bitcoin can be a great and profitable investment for the future, but the use of gold is also very common in our society.

Totally agree with your point that Bitcoin has a lot of potential and gold doesn't have that much potential, and seeing this potential, many people today want to invest in Bitcoin.

[yazher]

Bitcoins and Gold are both good to hold, and if you can hold both of them, you should without completely choosing one over the other. It does not always have to be a choice, if you can afford to, having some gold and having some more bitcoins is a better choice.

You can safely, closely and easily keep your bitcoins. If it must be a choice between the two and where you must choose, bitcoins should be the choice.

It depends on the state of the place where you live because if you are constantly moving from place to place, it's not recommended to hold Gold because you might have a hard time storing it, and it might going to be lost from you. And when you are not like that, and you are staying in a place for long, you can have gold as recommended to hold as an asset, and also you can have bitcoins as well to diversify your wealth, and by that, you will have double amount of income by the time the price of those two assets will increase in the future just like hitting two birds with one stone.

[Obari]

looking at historical data


gold potential
 400     2500
||||||||||||
           ^gold position

btc potential
 15k         70k
||||||||||||||
       ^btc position

anything more need to be said?

edit to reply to below
seems more needs to be said

yes in a known strategy of buy low sell high bitcoin is in the low whilst gold is at its high
so yes bitcoin has more upside potential

I really don't see any reasons  to compare both assets always because I've seen alot of people who do this comparisons especially  when introducing bitcoin to someone new users and hence they try to condemn every other digital asset simply to promote bitcoin.
I might not be a fan of digital asset(gold) but I'm a major fan of physical gold and most times I even advice people to buy physical  gold  especially  when considering  the high volatility of bitcoin especially when referring a long time investment  for someone without much investment capital.

Bitcoins and Gold are both good to hold, and if you can hold both of them, you should without completely choosing one over the other. It does not always have to be a choice, if you can afford to, having some gold and having some more bitcoins is a better choice.

You can safely, closely and easily keep your bitcoins. If it must be a choice between the two and where you must choose, bitcoins should be the choice.

It depends on the state of the place where you live because if you are constantly moving from place to place, it's not recommended to hold Gold because you might have a hard time storing it, and it might going to be lost from you.

I also want to remind you that there are both physical and also digital gold and just as @Rruchi man, there is actually no need to compare the both assets because they are both good and it wouldn't be a bad idea to diversify and if you must choose, I will prefer you keep  you bitcoin especially  for long term.

[minairia3]

OP, what is your reason for investing in bitcoin? Is it because you want high returns, get rich quickly, and because investing in other assets won't yield big and fast returns like bitcoin? I and everyone else are here for the same reason. So when you compare gold vs bitcoin on the bitcoin forum is not appropriate, and you will not get any fair answer. We are all bitcoin investors.

[Kakmakr]

A very important advantage of Bitcoin over Gold is government control. Now here is a piece of history that you might consider ...:

" Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve in exchange for $20.67 (equivalent to $467 in 2022) per troy ounce.

Source : https://en.wikipedia.org/wiki/Executive_Order_6102

This can happen again...... and it is next to impossible for governments to confiscate bitcoins, if it is stored correctly. 

[Yatsan]

Simple; if you're more into secured asset then choose gold but if you're okay with higher risk but with higher returns, then Bitcoin would be a good choice either. Depends on your vision as an investor. Not all people are capable of tolerating the market price behavior in crypto industry. Not to mention that cryptos are not widely accepted as a currency to many countries unlike with Gold which is recognized for years or decades. So is it either high risk and high reward or the other way around.

OP, what is your reason for investing in bitcoin? Is it because you want high returns, get rich quickly, and because investing in other assets won't yield big and fast returns like bitcoin? I and everyone else are here for the same reason. So when you compare gold vs bitcoin on the bitcoin forum is not appropriate, and you will not get any fair answer. We are all bitcoin investors.

There are investors of this industry who are also investors of stock market and gold, so I think it is just fine to ask. But that's a bit true that you'd find bias present in this forum and that's just simply making sense. But a definite categorical norm won't be advisable most of the time.

[Maidak]

Bitcoins and Gold are both good to hold, and if you can hold both of them, you should without completely choosing one over the other. It does not always have to be a choice, if you can afford to, having some gold and having some more bitcoins is a better choice.

You can safely, closely and easily keep your bitcoins. If it must be a choice between the two and where you must choose, bitcoins should be the choice.

It depends on the state of the place where you live because if you are constantly moving from place to place, it's not recommended to hold Gold because you might have a hard time storing it, and it might going to be lost from you. And when you are not like that, and you are staying in a place for long, you can have gold as recommended to hold as an asset, and also you can have bitcoins as well to diversify your wealth, and by that, you will have double amount of income by the time the price of those two assets will increase in the future just like hitting two birds with one stone.

Both are risky, gold is difficult to store as well as to move. As for bitcoin, although it offers high returns and convenient storage, the future is more uncertain and unsafe than gold. So we should diversify and should invest in both. But I like risk and can accept risk, so I will prefer to invest in bitcoin over gold, and I hope like others can make big profits from bitcoin.