Why Bitcoin Instead of Gold?

[Crypto Vira]

The answer to a debate that is constantly discussed on social media accounts and news outlets may open doors to different answers for everyone. So, Why Bitcoin Instead of Gold for you?

If this topic has been discussed before, I would appreciate it if you could enlighten me.

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[Artemis3]

Executive Order 6102

This can happen again. Much easier to hide 12 words than ingots, and you can easily cross borders to escape hostile countries without declaring anything, the State doesn't need to ever know.

[krishnaverma]

Bitcoin instead because of gold because

1) Rate of growth is faster in case of bitcoin

2) Easier to carry bitcoin

3) Bitcoin can be easily exchanged for online services being purchased all over the world. Impossible with gold.

[Agbe]

The answer to a debate that is constantly discussed on social media accounts and news outlets may open doors to different answers for everyone. So, Why Bitcoin Instead of Gold for you?

If this topic has been discussed before, I would appreciate it if you could enlighten me.

Since when I was born, I have not seen a raw Gold with my naked eyes. They made gold so precious that ordinarily people cannot feel the nature of gold but when bitcoin came, it made itself very simple and everyone can have access to it from small to big. And as it is now, the poor value bitcoin more than Gold because it is easy to access, and it increase in price more than Gold. As for me, I I choose bitcoin to Gold because I have not seen gold I'm my life except the already fabricated materials with gold and not the real gold but I have use bitcoin.

[Fiatless]

The answer to a debate that is constantly discussed on social media accounts and news outlets may open doors to different answers for everyone. So, Why Bitcoin Instead of Gold for you?

If this topic has been discussed before, I would appreciate it if you could enlighten me.

It's a matter of choice. If you are a lover of privacy and decentralization your choice will always be bitcoin. Gold can be tracked easily and highly regulated. If you are a risk taker that doesn't give a damn about volatility, Bitcoin will also be your first point of call. But if you like stability and less risk, you should go for gold. Bitcoin also has high liquidity than gold, you can always get buyers compared to gold. Bitcoin can be easily stored and hard to steal compared to gold. Unlike gold Bitcoin can be moved easily.

[Despairo]

Bitcoin and gold has a value, same thing.
Bitcoin and gold are scarce, same thing.

But...

Bitcoin is decentralized, while gold is centralized.
Bitcoin offer privacy, while gold isn't as you need to KYC your account or you leave a trace when you transact in a gold store.
It's possible to carry Bitcoin that worth $1,000,000 while gold you must use a transportation since it's really heavy.
You can send Bitcoin faster and easier to someone else, while gold isn't.
And many mores...

[bitbollo]

there are several benefits in Bitcoin instead of gold.
Just think about divisibility. Ok you have one full kilo of Gold, how you can divide into three pieces!? Well you have expenses and so on
... Plus how to cash out just a portion? How ti send something abroad? Btc Is a clear evolution of this concept.

[kryptqnick]

The topic was certainly discussed before, but perhaps the overall opinions change over time, so let's do this.
Gold is a physical thing, so you need to buy it somewhere and physically store it somewhere. If it's a bank, you might worry about a robbery or the centralization of storage. If it's in your flat, someone can notice/you can forget where you put it, there's also a robbery risk, etc. Also, if you need some cash, selling BTC for fiat can be done pretty fast and easily online, but selling gold is again a whole thing.
To me, these are the top concerns and why I choose Bitcoin over gold.

[Razmirraz]

You will find a variety of answers to this question depending on who you ask.
People who lived in ancient times would probably choose gold because their brains were fully indoctrinated by saving money in gold.

Now the Revolution has happened since the presence of Bitcoin, people prefer Bitcoin over Gold because of all the conveniences offered by Bitcoin. With Bitcoin you can withdraw money at any time without having to use other parties, Bitcoin can also be used as a very profitable investment asset even though at certain times the price can drop, in general Bitcoin can offer greater profits than gold.

[Artemis3]

Since when I was born, I have not seen a raw Gold with my naked eyes. They made gold so precious that ordinarily people can feel the nature of gold but when bitcoin came, it made itself very simple and everyone can have access to it from small to big. And as it is now, the poor value bitcoin more than Gold because it is easy to access, and it increase in price more than Gold. As for me, I I choose bitcoin to Gold because I have not seen gold I'm my life except the already fabricated materials with gold and not the real gold but I have use bitcoin.

Maybe you did without knowing?. Ever seen CDR with gold top and green bottom? That's the original Taiyo Yuden formula, it is gold and cyanide. Also CPUs often use gold for the feet, especially the older ones like Pentium etc.

Granted, the amount of gold in the CDRs is minuscule and modern CPUs reduced the gold use for cost reasons. You can also enter a jewelry and see some rings, so at least you have seen the thing. It is a bit more interesting to hear the sound of a gold coin IRL. but yeah, gold had become fantasy currency. Sadly, there are people extracting a few grams by deforesting acres of rain forest jungle in South America in countries where the state is a socialist joke and gangs with corrupt military rules the place.

I find it seriously ironic that some people dare point at Bitcoin with the environmental FUD when the elephant in the room is right there stomping their noses. Where are their protest against the destruction of jungle that took thousands of years for nature to make? Did you know the north of Africa used to be a jungle just like the Amazon? It is now a desert. Why are those fools not protesting against those govs that allow this with impunity?

And yet Bitcoin has a limit, and its "extraction" rate is programmed to become rapidly more scarce without any chance of finding "new veins" and hurting new ecosystems. If you want to save the Earth, use Bitcoin and drop fiat or precious metals as a means of exchanging wealth.

[pooya87]

Why Bitcoin Instead of Gold for you?

Why "instead" and why not both?
In fact the best approach is to have your money split into different "assets" instead of just one, if that's the way you see bitcoin (as an asset). That is called diversification and since bitcoin is the most independent market and is not affected by other markets (it is affected by the economy as a whole though) it makes it an excellent "extra" option to have.

Since when I was born, I have not seen a raw Gold with my naked eyes.

A lot of the jewelry that women wear is made of gold, so you may have seen them but haven't paid attention.

[Agbe]

A lot of the jewelry that women wear is made of gold, so you may have seen them but haven't paid attention.

That is what I said, I have seen the material things use by gold but I have not seen the raw material of Gold. And in that case I can't just choose Gold like that. And gold is not easy to assess like bitcoin that one can use $1 to have it through p2p. The way the businessmen make gold to be over high that the poor man can not have access to it raw material is very bad. Though the process of acquiring it from the ground is hard. But bitcoin mining is also hard yet bitcoin is free for everyone to have and use.

[Tony116]

There are many reasons why today's young generation chooses bitcoin over gold, but one of the things people care about the most is bitcoin's profitability outperforming gold, and I am one of them. I'm sure people will tell you that they choose bitcoin because bitcoin's proprietary decentralization gives them privacy, financial freedom, and avoidance of government control...lots of benefits that gold can never bring us. But all those features will never be attractive enough if bitcoin is not profitable. So to answer your question, why do I choose bitcoin over gold? It is for profit.

[bittraffic]

Bitcoin because with BTC all a person need is just the seed or the private key to carry his entire money and BTC is the safest and the most valuable crypto.
Although Gold is also valuable and trade Gold, we can only have digital gold which literally just has no value unless we get physical gold. However, the person holding bags of bars will have problems carrying them without getting attention. It's still easier to have BTC, it's all back together.

The majority of the users here will prefer BTC of course since they have been in crypto for years.

[coin-investor]

The answer to a debate that is constantly discussed on social media accounts and news outlets may open doors to different answers for everyone. So, Why Bitcoin Instead of Gold for you?

I can only transport 1 kg of gold and I have to pay taxes to transport it to every destination while I can carry a million dollars worth of Bitcoin without the custom knowing that I am carrying it, people are attracted to showing off their gold while on Bitcoin you have to keep the seed phrase to a place no one except you can discover.
Easy to move,  deflationary and you can use it everywhere, on gold you have to convert it and you have to always declare it.

[Hyphen(-)]

The answer to a debate that is constantly discussed on social media accounts and news outlets may open doors to different answers for everyone. So, Why Bitcoin Instead of Gold for you?

Some people prepare both but I personally prefer Bitcoin instead of gold because of the following reasons.

1. Reality: People do sell fake gold while it can not be possible to sell a fake bitcoin because there is nothing like a fake Bitcoin.

2. Decentralization: Bitcoin is decentralized and cannot be controlled by single entity like government and others, and the price cannot also be controlled, unlike Gold that government is under its control.

3. Accessibility: Bitcoin can be easily accessible anywhere you are with just your private key, while it is not the same as Gold.

Furthermore, unlike gold, if you have Bitcoin and travel without concern, if you have it with you, you must be extremely cautious because it can be stolen if people see you with it.

[shivansps]

in the way of storage. Which is easier to store, jewelry, rings, chains or gold bars or a laptop with a password?
Secondly, gold can save your money but not increase (maybe a little), unlike bitcoin, which can give huge profits

[$crypto$]

What some people agree on is that this is part of the revolution for a more modern year and bitcoin is more practical than gold.

Maybe some people think gold is a safe asset but there is a physical form that is difficult to carry anywhere, not easy to use unless it is only a long-term asset storage.

Bitcoin is more practical can send anywhere with P2P features you can be more private the increase can be faster in 5 years and above, many people realize bitcoin is better than gold even though bitcoin has volatility.

[lovesmayfamilis]

Bitcoin is primarily valuable because it has a limited supply. What can be said of such a comparison with gold? We do not know how limited the resources of gold are; it is mined annually, but it is difficult to say how much of it is still there.
Along with a limited supply, bitcoin is valuable for its ease of transfer. Again, is it possible to transfer gold from one end of the earth to another so quickly? Without even delving into other considerations, based on these two advantages, Bitcoin is superior to gold, and it is quite true that Bitcoin is called digital gold.

[CageMabok]

The answer to a debate that is constantly discussed on social media accounts and news outlets may open doors to different answers for everyone. So, Why Bitcoin Instead of Gold for you?

Because Bitcoin is more different from Gold and in terms of profit potential, Bitcoin can be profitable faster on a larger scale than Gold, which tends to have little profit. Bitcoin is chosen by many people who know it well enough for the reason that it is in very limited supply so there is an expectation of having a greater potential for a price increase when there are lots of people who own it and hold it for a long time.

While Gold is not like that because Gold is still very much in this world even though those who have it are also not small. But when the gold content is still in the ground and can still be mined by residents in every country, then the price of gold will not increase as sharply as ever happened to Bitcoin. So it's certainly very different and I think you've also picked up on that with some insight from other writers on the internet.