Hold Bitcoin VS Hold Gold

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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.

I hope you know that if tables were turned around and they allowed everyone to start over again for BTC to be priced at $10 and Gold to be back to its starting price,  I hope you know for real that people who got Gold in their early life wouldn't pick gold but will go for Bitcoin. The reason why you see these men shout and discredit Bitcoin is that they didn't have it cheap when the price was low, and they fear new billionaires will take over the streets, but never will Bitcoin holders pick gold over Bitcoin.

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.

Glad you weren't brainwashed about the Bitcoin being environmentally harmful to society. I hope you know very well that Elon decide to sell some part of his Bitcoin because of the environmental concern, he used that excuse to dump Bitcoin on investors but they will never say the bad side of Gold because it will damage their wealth and fooling ordinary people will become something difficult to do.

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[khiholangkang]

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.

Yes I agree on how to depend on each taste in judging and taking.
Gold is the safest thing to invest, but the benefits are relatively long, it takes years to count to find a high exchange rate in gold itself, although every year consistently finds an increase but it is not much.
Unlike the case with Bitcoin that can give you a fairly high profit especially if you hold it ten years ago, you have become a billionaire at this time, and I think that is an interesting fact that we can see.

The comparison must be there, I also used to compare all assets before I entered as an investor, the pros and cons is common, so I think it is not a problem, the problem of alignments is the problem of that person, because the decision exists in each of them as well.
But if you think both are positive and you can use both of them to make a profit, why not invest in both, to cover the shortcomings that exist in these two special assets.

[Wend]

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.

Glad you weren't brainwashed about the Bitcoin being environmentally harmful to society. I hope you know very well that Elon decide to sell some part of his Bitcoin because of the environmental concern, he used that excuse to dump Bitcoin on investors but they will never say the bad side of Gold because it will damage their wealth and fooling ordinary people will become something difficult to do.

We are investing in us for our benefit, there is no reason to listen to someone and miss our chance. You have a point, if we compare bitcoin mining with gold mining and production, I believe gold mining will be more expensive, consume more energy, and cause more problems and environmental instability. Mining, digging deep underground in search of minerals and resources is also considered to cause great harm to our living environment, but they have never talked about it.

[Bananington]

It is hardly anyone hears in the news how gold needs to be this or that for the market to stay relevant. It is always going to remain one of the top most advised asset to hold. The market seems to always be steady and potential for gains always arise.

For Bitcoin, although it is also almost steady to hold, the gain margin is slim, compared to gold.
Regulators want a share of what Bitcoin worth, the price keep surging and almost only those who were first customers has remained to enjoy value for their coins.
I would hold both if I have them. They promise good returns as the future has need of them.

[Rupok]

Bitcoin is much better than gold.The benefits of Bitcoin are high.  But the benefit of gold is less.  You can't expect double profit from gold but you can expect double profit from bitcoin.But one should not invest in Bitcoin by selling gold or jewelry.  You spend your extra money on Bitcoin investments, which you are unlikely to be poor if lost. There are risks involved in investing in bitcoins, so be careful when investing in bitcoins.  Gold does not bring double profit but it has no risk. Your point about risk is very reasonable, if the context of this risk is monetary value, then gold must be very safe, because the price is more stable and less volatile.

[imamusma]

Bitcoin is much better than gold.The benefits of Bitcoin are high.  But the benefit of gold is less.

I'm not sure you can explain why bitcoin is better than gold than just comparing the two in terms of value and the potential profit you get. Bitcoin is a non-physical investment asset and also a means of payment, but bitcoin users must comply with the laws that apply in certain jurisdictions because the legality of bitcoin still varies from country to country.

Gold is useful anywhere even without the need for internet and electricity, but you may have trouble using bitcoins when you are not connected to the internet, especially if you don't have the skills to use them in other ways. In some places bitcoin is still useless especially if there is no internet, meanwhile gold has a real function as a means of payment that has been used for centuries.

But one should not invest in Bitcoin by selling gold or jewelry.

That's the opposite of what you said before. Should if bitcoin really is better than gold, then holding gold long term doesn't make sense. You said one shouldn't sell their gold to invest in bitcoin because of the risk, so gold is much better than bitcoin in terms of the risk involved.

[nlovric]

Bitcoin is much better than gold.The benefits of Bitcoin are high.  But the benefit of gold is less.  You can't expect double profit from gold but you can expect double profit from bitcoin.But one should not invest in Bitcoin by selling gold or jewelry.  You spend your extra money on Bitcoin investments, which you are unlikely to be poor if lost. There are risks involved in investing in bitcoins, so be careful when investing in bitcoins.  Gold does not bring double profit but it has no risk. Your point about risk is very reasonable, if the context of this risk is monetary value, then gold must be very safe, because the price is more stable and less volatile.

When comparing Bitcoin and gold as investment possibilities it is crucial to keep in mind that they both have unique qualities and advantages. Bitcoin carries significant dangers in addition to the potential for better returns and the capacity to double gains. Instead of selling off gold or pricey jewellery it is advised to invest in Bitcoin with additional cash that one can afford to lose. Investments in bitcoin require careful thought and understanding of the hazards involved. The stability and lesser volatility of gold on the other hand have historically been thought to make it a safer investment. Gold is frequently regarded as a more secure investment despite the fact that it may not have the same potential for doubling gains. Individual investors must ultimately balance the benefits and hazards of both Bitcoin and gold in order to make decisions that are in line with their financial objectives and risk tolerance.

[southerngentuk]

If I had a large amount of money, I would choose both. Because gold is a stable and safe investment channel. Although the profit is small, gold never stops being active in the market. Bitcoin is a speculative asset with great returns. It is because of its volatility that many people come to it, myself included. So I will allocate 40–60 percents of gold and bitcoin. Since I prefer bitcoin anyway, gold is just a backup. That is my opinion, and everyone will have different views around the issue between these two assets.

[Silberman]

Bitcoin is much better than gold.The benefits of Bitcoin are high.  But the benefit of gold is less.  You can't expect double profit from gold but you can expect double profit from bitcoin.But one should not invest in Bitcoin by selling gold or jewelry.  You spend your extra money on Bitcoin investments, which you are unlikely to be poor if lost. There are risks involved in investing in bitcoins, so be careful when investing in bitcoins.  Gold does not bring double profit but it has no risk. Your point about risk is very reasonable, if the context of this risk is monetary value, then gold must be very safe, because the price is more stable and less volatile.

The market of gold is also full of risks, it is just that you do not hear about them as often compared to the risks of this market, one of them is that there is a lot of fake gold being sold as the genuine thing, and unless you have the experience and the necessary equipment to tell apart the real gold from the fake gold then it is very likely that you are going to get scammed, also if you try to buy gold on a physical store you should not be surprised if the owner immediately tries to move you away from buying gold coins to collector coins, and unless you are an expert on that field then you will lose a massive amount of money as well.

[panganib999]

I don't really like to pick favorites between the two since I've placed investments in both and they are coming up nicely (Don't wanna jinx it lmao). But they certainly cater to differing customer bases. Gold on one hand is for people who wanted a secure and consistent upstream of income that they can also use at the same time in the form of jewelry. On the other hand people who invest in bitcoin, to me are those who are more piqued by the higher chances of profit at the expense of taking huge risks in the process, which is not so bad either since most of them are able to gauge their capacity for taking risks eventually in their investment journey. People who invest in both are those who are willing to diversify and increase chances of earning profit in multiple ventures, and those who are calculated as well in their risk-taking.

Ultimately, I won't be the guy to tell you that one is better than the other, or that you should not invest in this one cause reasons, the decision lies upon the money holder.

[Stalker22]

Iam expert in crypto and investing i can help you a lot

Be wary of any "help" this troll may offer. He is just a cheap beggar, possibly even a scammer.
 
Reference topics: https://bitcointalk.org/index.php?topic=5457140.0

[tjtonmoy]

Gold and Bitcoin, they both have a very good reputation. One was created over many centuries, and one over decades. Can we not expect for bitcoin to keep this reputation over centuries? Yes, it is possible, and somehow I think it will happen. Now when it comes to holding preference, different people have different opinion. Security, trust, reputation, storing capability, usefulness, profits from investment. Based on which one they prefer the most, they will choose that. It is already explained in the OP, so I will not drag this topic any further. You got the idea.
Those who like non-volatile risk-free investment, gold will be the best choice. On the other hand, if you like to take risk and want to explore the technology, go for Bitcoin.
My advice is, why not do both? One is going to give you profit for sure, but the amount will be less, and it has to be a long term plan. And the other will give you profit, also in long term, but if the market is in your favor, the amount could be life changing.
So try both and see what suites best for you. None of them are bad investment plans if executed perfectly.

[teosanru]

First of all basic assumption i am taking is that holding is for a better gain in future. Now if you compare an overall return of let's say even last 10 years of both bitcoin and gold you'll have your answer. But I would edit you on one thing. It's absolutely wrong to say that gold has no monetary functions many governments make use of gold as an instrument to borrow large sums of money so told definitely is a good monetary asset even used by bit government but for a personal holding option, obviously bitcoin is better.

[Eternad]

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.

Why Bitcoin future is uncertain and unsafe than gold while you already mention that Bitcoin is very convenient to store and with high returns? Bitcoin is already more than a decade with consistent impressive price performance, If you think this kind of perforance can be categorized as uncertain then you are wrong since any unsafe investment will never last like Bitcoin that keeps gaining trend until now. Bitcoin is just starting the real adaption from the majority of the population.

The future of Bitcoin is massive once the global adoption achieved. Gold is already adapted globally which is why the price is already stabled for long term. I doubt it's future is more beneficial than Bitcoin that promise more return and safe storage.

[batang_bitcoin]

If you're the type of investor that's diversifying and able to have both gold and bitcoin, there's certainly no need to think of which you should hold. These are both good investments but with limited budget and funds for investments, I'll choose to have what I've known being better and that's bitcoin. While we see the institutional drive that's happening in bitcoin, this is like still a fresh market for them. And they do understand that being one of the earliest and first on this market will give them dominance and advantage and that's what they're taking from investing in Bitcoin. In gold, those who are also early on that game are surely making their profits easily.

@pmemorex, you're saying that you're expert in investing in crypto and you can help people with such? Then why you even made a thread that you've been scammed?

[The Cryptovator]

The post is quite lengthy, don't need an extensive explanation about gold and Bitcoin. Bitcoin, being a decentralized cryptocurrency, does not have a direct connection or function with gold. However, both can be seen as investment opportunities. Gold is known for its stable price and low volatility, while Bitcoin is highly volatile. Investing in gold may yield limited profits, while investing in Bitcoin can result in significant gains or losses. That's the essence of it.

[Bushdark]

It is well written but I think op should have expatiate more on Bitcoin for those that would like to know and invest in Bitcoin.
We know that Bitcoin is more expensive than gold even though gold had been in existence before now. Bitcoin is still young in the market compared to gold but there are plenty gains we can make from Bitcoin that gold can not give.

 The comparison op had listed between and Bitcoin is not as clear as I expected but we all know that there are people that would sell there gold to Bitcoin because of how volatile it is with possible of making a good profits if we are patient as investors. We can also make money from Bitcoin through Staking, mining, trading, lending etc but gold can not provide that kind of multiple income for us.

[usekevin]

Both ad his own value as an asset.Because people with more knowledge will split their investment into two and inverse one half in bitcoin and second half in the gold.This two will be the most valuable asset.Gold will give you profit in long run,it’s essential one to hold your investment in gold coins as compared to gold jewellery.Because the gold coins value are always stable one.

[heslylamba]

Thanks for all the info you gave us! I personally hold both gold and bitcoin. I mean, why not if you have the opportunity?

[_BlackStar]

The post is quite lengthy, don't need an extensive explanation about gold and Bitcoin.

Oh shit - you have no idea what the motive is? LOL

Bitcoin, being a decentralized cryptocurrency, does not have a direct connection or function with gold. However, both can be seen as investment opportunities. Gold is known for its stable price and low volatility, while Bitcoin is highly volatile. Investing in gold may yield limited profits, while investing in Bitcoin can result in significant gains or losses. That's the essence of it.

Besides the probability of return on investment bitcoin is much higher than gold - but anyone who does not like the high volatility of bitcoin prices can choose gold as a wise option in their investment plan. Both are profitable - but also risky.