Why Bitcoin Instead of Gold?

[dimonstration]

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?

Gold is very hard to store safely and hard to move if you have bunch of holding since we are talking about physical weight here to determine hold value. Owning millions of dollars worth of Bitcoin here will require you a vault to safely stored it while Bitcoin only need below 100$ hardware wallet to store it safely.

Other main advantage of Bitcoin to Gold is you can liquidate it quicker without going outside your house and the price of Bitcoin outperforms gold even with just more than a decade of existence.

[Zanab247]

Why Bitcoin Instead of Gold for you?

Because BTC is profitable than gold, that is the reason why Many people prefer to invest in BTC instead of gold. I think you witnessed what happened during the pandemic that took over some months to reduced many countries economy and also made gold price to reduced through out the period but BTC price was pumping through out the pandemic that made many people to believed that BTC is more reliable than gold. If you have not try BTC investment, I will encourage you to take a good step in this period to buy BTC and hold for long so that you will see the reality of BTC by yourself, and you will make a good choice of BTC instead of gold.

[Baofeng]

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.

Maybe you can find this threads helpful and you can get your answers there,

•  Bitcoin VS. GOLD
•  Bitcoin vs Gold: The Age Old Debate
•  BTC or Gold Investment?
•  [UPDATED] Bitcoin vs Gold vs The US Stock Market(US500)
•  Bitcoin vs. Gold, Fiat and Altcoins (Updated: Traits of Money)
•  So Bitcoin is better than Gold?

[pooya87]

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.

Ah, you are concerned about the purity of what they sell as "gold".
In that case you may find some "official" options that should exist in every country. For example the Central Bank here issues gold coins of different weights and other stuff like that which are guaranteed to have the purity that it states and they are pretty standard in terms of price and exchangeability.

[Crypto Library]

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.

1. Bitcoin's value increases at a faster rate than any other asset.  Gold is a precious metal but the price of gold also does not rise as fast as Bitcoin.

1. On the other hand if you have lots of gold then you have to go through a lot of trouble to sell them.  But if you have a lot of bitcoins you can exchange them very quickly and instantly.

3. You will definitely need a license to hold lots of gold, but you won't need any license to hold billions of dollars with Bitcoin.

4. Bitcoin is a digital asset that is very useful for this digital world of ours and its future is very bright

5. Gold is a physical and hard asset which is very difficult to store safely but Bitcoin is very easy to store only through a secure wallet.

There are many important points for which it is very important to be interested in bitcoin instead of gold

[Z-tight]

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

Yeah it has been discussed, a lot of times.

There is nothing wrong in choosing one over the other, it is up to the person who's buying, both gold and BTC have their pros and cons and choosing one over the other depends on what you want. If you want an asset that is less volatile and is a store of value, gold is the better option, if you want a censorship resistant and permissionless currency that is also volatile and can generate more revenue for you, BTC should be your choice.

Buying the two assets is also great, they are not intrinsic to each other, so it is a good form of diversification for persons who want to diversify their funds, if you are unsure of which one to buy, diversifying into the both of them is the most reasonable choice in my honest opinion.

[lizarder]

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.

Let's turn the question around, why don't we use both at the same time? Don't gold and bitcoin both have the power to maintain value. Of course, many people have different views on this matter, but if people who have known bitcoin for a long time, the answer may be almost the same and why people prefer bitcoin because they are able to maintain the value of the investment they place. Speaking of accuracy, some people who like risk will definitely choose bitcoin, but when faced with people who don't want to be involved in risk they will choose gold.

Gold is slow in terms of returns and tends to be stable in price, whereas bitcoin with its volatility can make quick returns on investment. Another strength of bitcoin is that it has a four-year cycle, where almost many people know that every time it happens, bitcoin will make a new price jump or what is called ATH.

[Silberman]

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.

Too many reasons, gold can be counterfeited while bitcoin cannot, gold can be easily confiscated by the government while bitcoin can be hidden way more easily as you only need to hide a piece of paper, bitcoin can be moved all over the world with ease while gold cannot, there are many historical precedents of governments confiscating gold and this will happen again, bitcoin is decentralized while gold is not, bitcoin can be used online to purchase whatever you what around the world while gold cannot, and those are just the reasons that came to my mind and surely there are even more that I do not remember right now.

[Yatsan]

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.

Bitcoin has a higher market price volatility thus it can generate bigger profit. But question is, would such asset suit you as an investor? Not because something is profitble, you'd engage into it already. There are consequences on every choice we would make. Choosing eitherway would be a good move as long as you know the risks involved. You may also choose both of it as an asset to be held for a long period of time. But if you have your own preference with an asset's characteristics, then for sure you'd be draggged to one. It is either high profit high risk  or low risk but consistent profit over years. This is something we all know for a long period of time.

[Faisal2202]

This topic do discussed here so many times but still we should continie your query here instead of mentioned old links. The point is, some prefer Gold while some prefer BTC. Reasons of this difference are here:

. BTC has limited supply while Gold has not limited supply.
. If we have some funds in BTC we can take it anywhere in the world without giving clarification to some authorities but if we are traveling with Gold we have to answer the queries of authorities .
. Gold provide risk of fakeness while there is nothing like fakeness in the BTC. If you are buying BTC then it would be the real one but if you are buying gold then the chances are high that you might be scammed if you are newbie in buying gold and second they could sell you the gold with less karat rate while more karat rate has more value.

The point is, we have more features like security, best outcomes, reliability, and longevity on BTC instead in Gold. So, if I can buy Gold but I prefer not to because of aforementioned points.

[so98nn]

Honestly, I never found myself in a position where I am attracted to the Gold and thought about accumulating it in a private safe so that one day I can sell it for profit. It is such a hard process to follow if I am going to imagine it. I mean first I will have to maintain proper documentation of the Gold that I am holding in my house OR locker.

It means I am already exposing my privacy about my monetary holdings. Secondly, I would be always concerned about the safety of my Gold since it's just one wall away from getting robbed when I am dead drunk and sleeping in my bed with no consciousness. Imagine what would be my mental health when I am traveling somewhere far and there is always a thought that is bugging me, I am having Gold bars at my house or in my bank and I have no idea if it is safe or not. Apart from this, I will always have to follow the rules whenever I am going to sell the gold and get my money back. The challenges are unreal here.

It's better to checkout Bitcoin, easy buy easy sell, paperless, timefree!

[Bananington]

So, Why Bitcoin Instead of Gold for you?

My Reasons are;

Bitcoin is the future.
Bitcoin has the same feature that makes gold valuable, which is that it is limited in supply, but it does not share some of the disadvantages of gold which is how difficult it is to keep completely safe on your own.
With Bitcoins, I can maintain and keep control of my investments.

Those are some of my reasons, Other people will have more, but those reasons are what makes me more focused on getting bitcoins.

[crwth]

Personally, what I like to know is that Bitcoin is scarce and it's definitely an asset that you can profit with just holding because of the prices. The things that I like with BTC are the following.

• Having knowledge about its limits (21M BTC)
• It can be traded easily

I think it's pretty basic what to pick if you understand the benefits of it and why it's one of the best things that you can have.

[mindrust]

You know you can always buy both. It doesn’t have to be one or the other. Gold needs physical space unless you hold them in a bank which kills the purpose of owning gold. Bitcoin takes no space. You can even memorize your seed words suddenly your brain hold unlimited wealth. That’s the biggest advantage of bitcoin over gold.

However gold has an advantage too. It is the history. Gold has an history of multiple millenniums. It was a valuable thing even before the Christ and that’s a very important feature which bitcoin lacks.

So, I think we should definitely own both.

[tjtonmoy]

I mean, why not BOTH? Why do we always have to compare things when they both have their own perks? One is different from another but they do the same thing. You can store value in both things. You can use them as investment assets too. One is virtual and one is physical. Based on your preference, you can choose either one. But while you have the choice to choose both, why choose only one?

For me, Gold is less risky for investment if you compare it to Bitcoin's volatile market. But that doesn't make Bitcoin bad or anything. There's a question about Gold's security because it is a physical asset. This is not only with Gold. Security issues are also a thing with Bitcoin. The way you keep your assets will determine if it is in a safe situation on not.

Keeping those aside, maybe one is better than the other. But as long as both are giving you profits, why not use both?

[SatoPrincess]

The fact that bitcoin has a limited supply and that it is impossible to create more bitcoins makes it a better investment than gold. Looking at the data of Bitcoin price vs gold in the last decade, it shows that Bitcoin growth is so rapid and has done so much better than gold. The older folks may be more interested in gold because it has been around for thousands of years and is physical, the younger generation understand that digital assets are just as valuable as physical assets. Bitcoin and gold are similar in some ways, both are volatile assets and also good options to hedge against inflation.

[spectre71]

Bitcoin or Gold ( or silver) argument comparison is STUPID. My apple is better than your oranges!

The correct answer is a balance of both among other things including cash in your portfolio.

All hell breaks loose and you need some gas. I can trade a few silver coins (or cash) for some gas. But I can't even buy gas now with bitcoin. Banking collapse what off ramp are you going to use to get to fiat?

Completely different instruments for different things. F'n noobs

[ajiz138]

We want to invest with big and fast returns, right? Bitcoin! in over a decade can grow significantly because the limited supply makes them believe in Bitcoin rather than gold even though it has a stable value.

Gold prices tend to stabilize very small increases every year, gold mining will continue to produce gold bars, gold has been trusted for centuries people must have more confidence in gold to maintain value than other assets.

Those of us who tend to be in bitcoin will choose this coin, there is no physical but useful in any case including from sending to various countries with ease and privacy.

[DeathAngel]

Bitcoin is 100% a better investment than gold for many reasons. Bitcoin offers greater potential for growth as its decentralised nature and limited supply create scarcity and increased demand. Bitcoin's portability and ease of transfer make it more accessible and convenient compared to physical gold. Bitcoin's transparency and traceability provide a higher level of security and trust for investors. The rapid evolution of digital technologies and increasing adoption of cryptocurrencies suggest a promising future for Bitcoin as a global digital asset. In my opinion Bitcoin is a far superior investment option.

[lousie9]

So, Why Bitcoin Instead of Gold for you?

If you want to compare maybe I don't think we need to compare because it's better of course to choose to have both than just one between Bitcoin and Gold, right? It seems to me that Gold and Bitcoin both have a hedge against economic issues like inflation.
But if we talk about Bitcoin better than Gold, I think it's because we know that Bitcoin is easier and more flexible because it's easy to move, easy to store, hard to counterfeit, transaction fees tend to be low and we don't need a third party or government intervention for our ownership status.
Even though the volatility of Gold tends to be stable than Bitcoin and Gold has an unquestionable reputation because it has been proven and tested for several centuries but in my opinion Bitcoin offers more ease of access than Gold.