Why Bitcoin Instead of Gold?

[riantolie]

Bitcoin is easily transferrable, more volatile, and simply safer than Gold. That's enough for me.

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[Bazzu]

gold and bitcoin are valuable assets, and to be honest I invest in gold and bitcoin, what I know investing in gold is that the profit is not too big but the risk is small.

whereas if investing in btc the profits are big and the risks are also big, and investing in btc will be right if you use idle money, because the risks are big.

To be honest, I invest in BTC because I want to get big profits and I always speculate that BTC in the future will be even higher.

[Lorence.xD]

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.

Well for me, there's literally a lot of factors to consider Bitcoin than gold but doesn't mean gold is not a good alternative investment. Because most people know that gold are valuable right? So once they saw gold they would think of stealing it or some might thought you stole it something like that. Plus it's hassle to think of the government might took it from you since they would just simply said it's mined from your country. Because there's a case here in my country that they took it to the owner by just simply giving them a money less than the value of the gold.

Bitcoin's is much convenient, not only that is decentralized but its easier to have any transactions plus you could do it anonymously without revealing your identity. You could have exchanges internationally without even thinking of the hassle. It's volatility gives the users more advantages as long as they have the knowledge to use it. Gold actually run for a long time and also helped a lot of people so it's still a good investment where I'd invest as an alternative not only Bitcoin. Cause physical and digital investment is better to invest on both.

[TheUltraElite]

Gambling is among the most used industry. Just think of a scenario in which an ordinary person use bitcoin. He needs to buy from an exchange where he have fulfilled KYC and from there he could use some mixing service and make himself anonymous. Apart from that he should buy bitcoin in person paying fiat in cash and receiving bitcoin in a non custodial wallet. These days anonymity is not much effective as regulated usage is encouraged.

Complete decentralization throughout the process of acquiring-transacting may not be possible. But itself, bitcoin is decentralized and censorship-resistant. Going to that length to anonymize yourself seem to some extent paranoia to me, but I do agree that in some countries and legal systems this might become necessary.

Gamblers are few of the major users of bitcoin and thus they will continue to buy bitcoin even in times of market ups and down you can count on them to keep the markets active all throughout the year. 

[irhact]

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.

The topic has been discussed many times but it doesn't matter because it'll still come up again in the future when new users feel they want to understand better why they should choose Bitcoin over Gold. Gold is a good investment but since it's physical it can't be easier transported as it'll take up space and unlike bitcoin that it's digital and can be carried around without anybody knowing that you're moving billions in your flashdrive or personal wallet.

From history, in the last 10 years Gold hasn't been very profitable to hold but Bitcoin has been giving investors big profits and that's because bitcoin is what is trending and also has the potential to overtake Gold and other investment as the better investment to invest into.

[Blitzboy]

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.

Well for me, there's literally a lot of factors to consider Bitcoin than gold but doesn't mean gold is not a good alternative investment. Because most people know that gold are valuable right? So once they saw gold they would think of stealing it or some might thought you stole it something like that. Plus it's hassle to think of the government might took it from you since they would just simply said it's mined from your country. Because there's a case here in my country that they took it to the owner by just simply giving them a money less than the value of the gold.

Bitcoin's is much convenient, not only that is decentralized but its easier to have any transactions plus you could do it anonymously without revealing your identity. You could have exchanges internationally without even thinking of the hassle. It's volatility gives the users more advantages as long as they have the knowledge to use it. Gold actually run for a long time and also helped a lot of people so it's still a good investment where I'd invest as an alternative not only Bitcoin. Cause physical and digital investment is better to invest on both.

Gold? This shiny metal people have sought for millennia? Happened previously. Your claim that gold causes many issues is correct. Theft and government seizure are issues with tangible items.

Bitcoin is the future. A transformation, not simply convenience! Governments and groups seeking too much authority should decentralise. People today would be stupid to keep a lump of gold without getting caught. Bitcoin frees people from government rules.

Your perception that gold will always be valuable is outdated. It's true that diversity is crucial, but relying on gold to secure your future is outdated. Update or you'll fall behind.

[Cryptmuster]

gold and bitcoin are valuable assets, and to be honest I invest in gold and bitcoin, what I know investing in gold is that the profit is not too big but the risk is small.

whereas if investing in btc the profits are big and the risks are also big, and investing in btc will be right if you use idle money, because the risks are big.

To be honest, I invest in BTC because I want to get big profits and I always speculate that BTC in the future will be even higher.

If there is such an opportunity, then why not take advantage of it. It is not necessary to choose just one thing for investment, you can buy both gold and bitcoin, as a result, each of these investments will bring profit, and we will be able to see what brought us more income. It is important to understand here that it is important to invest only in what you are well versed in, even on an altcoin you can make good money if you study it thoroughly and see the opportunities in it.

[legendbtc]

gold and bitcoin are valuable assets, and to be honest I invest in gold and bitcoin, what I know investing in gold is that the profit is not too big but the risk is small.

whereas if investing in btc the profits are big and the risks are also big, and investing in btc will be right if you use idle money, because the risks are big.

To be honest, I invest in BTC because I want to get big profits and I always speculate that BTC in the future will be even higher.

It is true that gold is safer than bitcoin because it has been around for thousands of years and is universally accepted. Meanwhile, bitcoin is still nascent and its adoption is not as global as gold, but it would be inaccurate to say that investing in it is a big risk. There's nothing wrong with saying this years ago, but given what's going on it's no longer true. Bitcoin has also become much safer and the only risk is extreme volatility in the short term.

You told the truth, since most people invest in bitcoin for profit, very few people care about other features. But many people don't want to admit that fact like you do.

[mvdheuvel1983]

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.

Fun fact: Did you know that Satoshi, gave his birthday as April 5th which coincides with the day in 1933, that American President,  Franklin D. Roosevelt signed Executive Order 6102?  For people resident in the US and intending to move to the US, the Executive Order 6102, may be one of the reasons for Bitcoin over gold. For non US residents, Bitcoin over gold represents monetary, government, financial, economic, and personal Freedom. However, it should be noted that this freedom that Bitcoin offers over gold is only possible of you do not store your Bitcoin in exchanges. Because as you know right well, if it is not your keys, it is not your coins.

*https://www.coindesk.com/markets/2014/11/08/the-search-for-satoshi/

[michellee]

I think there is no need to debate between Bitcoin or gold because it is each person's choice. But for me, I prefer Bitcoin over Gold as the main investment because I can buy Bitcoin with a small amount of money, while to buy Gold, I have to prepare a certain amount of money before I can buy it.

Fluctuating Bitcoin prices allow me to collect more Bitcoins especially when the price is dropping like it is now. But people who don't know Bitcoin will still choose Gold because that's what their parents taught them. And only people who are willing to embrace change and see that it can give them greater opportunities will want to use Bitcoin.

It would be better if we chose both Bitcoin and Gold together so that we have an increase in the amount of monetary value we will receive in the future. But we also have to adjust our funds so that we don't have difficulty investing.

[Prestongold]

As always this depends on the kind of investor you want to be and what kind of risk you want to up your investment strategy to. Bitcoin is similar to gold, it has become an alternate investment for some investors. It has the potential for many uses and can be a worthwhile investment if used in the right way to me it depends on your investment strategy and risk tolerance.

[fuguebtc]

I think there is no need to debate between Bitcoin or gold because it is each person's choice. But for me, I prefer Bitcoin over Gold as the main investment because I can buy Bitcoin with a small amount of money, while to buy Gold, I have to prepare a certain amount of money before I can buy it.

That's not exactly the advantage of bitcoin when compared to gold, you can still buy gold with $50 or $100, and it's not a huge amount of money either.

Fluctuating Bitcoin prices allow me to collect more Bitcoins especially when the price is dropping like it is now. But people who don't know Bitcoin will still choose Gold because that's what their parents taught them. And only people who are willing to embrace change and see that it can give them greater opportunities will want to use Bitcoin.

Don't blame the parents of people who don't buy bitcoin, because when they grow up, every decision and action is made by them. They don't choose bitcoin for many reasons, maybe they don't know about it yet or they have doubts about it, or they are not ready to change as you say...

It would be better if we chose both Bitcoin and Gold together so that we have an increase in the amount of monetary value we will receive in the future. But we also have to adjust our funds so that we don't have difficulty investing.

Yes, diversification is essential when it comes to investing because nothing is absolutely safe and we should diversify to reduce risk as well as increase our chances of profit maximization.

[tokyohd]

Why Bitcoin Instead of Gold?
Because, Bitcoin has experienced significant price volatility over the years, leading to the possibility of substantial gains in a relatively short period. On the other hand, Bitcoin is limited in supply. There will only ever be 21 million Bitcoins in existence, which can create a perception of scarcity and potentially drive up its value as demand increases. Some investors are attracted to the potential for high returns that Bitcoin offers.

[Wend]

Why Bitcoin Instead of Gold?
Because, Bitcoin has experienced significant price volatility over the years, leading to the possibility of substantial gains in a relatively short period. On the other hand, Bitcoin is limited in supply. There will only ever be 21 million Bitcoins in existence, which can create a perception of scarcity and potentially drive up its value as demand increases. Some investors are attracted to the potential for high returns that Bitcoin offers.

In short, you mean people choose bitcoin over gold because its profit potential is higher than gold. But what about the other benefits of bitcoin? For example, it is a decentralized asset and if you own it, you will have full rights to that asset, no one can take it away from you. Or can also be used in cross-border payments. There are many benefits that bitcoin is superior to gold for people to choose it, not just profit. But there's no denying that profit is the biggest reason people choose bitcoin.

[dothebeats]

Mostly because of the law. There is a law (at least in my country and I know others as well) that states that an individual can only have limited gold. There is a specific percentage or number wherein you have to follow if you don't want to get in trouble with the law. Also, I side with both. I invest in both because they make good profit and are good investments, only thing is I have to have limitations for gold and so the excess for that goes to Bitcoin.

[coinotag]

Bitcoin's limited supply and ease of portability are what make it stand out in this regard. Especially with countries and major companies increasing their investments in this sector, it will once again become a commodity that everyone talks about every day.

Why do I have to disclose how much gold I own? This is really absurd.

[synchronym]

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.

Gold and Bitcoin are two types of things, gold is usually used in the body and it is very carefully kept in a locker or stored in one's cupboard. I mean if someone wants to buy gold from his cash then I would advise him first of all to invest it in Bitcoin instead of buying gold.  Because if there is something through investing in bitcoin then if he can do it well then this bitcoin investment will bring a lot of success in his life. And I think he can buy gold when he earns from investing bitcoins. So my personal opinion is that choosing bitcoin over gold is much wiser.

[MFahad]

I think people of modern age prefer bitcoin but older people still believe in gold because they have lots of experience with the rate of gold and they have no concern with online business. Their mind has accepted gold and it cannot be replaced by investment in Bitcoin and may be this is due to the fact that bitcoin was not present at that time and they just accept the old strategies of enhancing money rather than accepting new one.

People of modern age just wants bitcoin because the profit of bitcoin is more than gold and there is no involvement of others in controlling of its cost. Decentralization is the main cause of desires for bitcoin more than gold and also one can transfer money online through bitcoin whereas it cannot be possible in the case of gold.

[doomloop]

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.

I don't choose one out of the two, and my reason for purchasing any of them would totally be dependent on my financial goals and targets. If I'm looking for quicker profits and ready to risk my money, I would go with Bitcoin, even after knowing that though I may not lose my money but it can get devalued for years if the cycle restarts since I will then have to wait for the bull run so that the market can actually recover back to the point where I've bought.

But, if my goal is to just get steady and long-term profits without the fear of losing any value for my investment, I will definitely go with Gold since I know its a more stable investment and will surely give me some returns after any period of time if I wish to sell them unlike Bitcoin which has cycles.

[panganib999]

Some countries disallow the massive collection and gathering of gold over a single place/entity, and doing so may hold you accountable for crimes that would lead to jail time and repossession of your gold holdings. With bitcoin we can't expect that to happen unless said governments assume complete control of bitcoin which is nigh impossible. Another would be the convenience factor. As many have said here, it's much easier keeping a password on a sheet of paper or on a 65 gram trezor wallet than hoarding tons and tons of gold in equivalent value. Keeping it safe from thieves would really be a hard thing too.

Bitcoin is just superior in many ways over gold, but that doesn't mean that they are to be compared. Gold serves different purposes to bitcoin.