Why Bitcoin Instead of Gold?

[spectre71]

Don't forget if your looking portfolio diversity you can hold preciouses metals (or a blend of) in an ETF and that negates the physical security part. But now your on radar.

If you can't have bitcoin, you could possibly own Micro Strategies giving some exposure to BTC.

Think outside the box people
 I personally have a blend of this.

All in one one, you are stupid, period

[1714995744]

1714995744

[jeraldskie11]

Don't forget if your looking portfolio diversity you can hold preciouses metals (or a blend of) in an ETF and that negates the physical security part. But now your on radar.

If you can't have bitcoin, you could possibly own Micro Strategies giving some exposure to BTC.

Think outside the box people
 I personally have a blend of this.

All in one one, you are stupid, period

You are correct in certain ways. But look at where we are now. We live in the modern era, and the time has come for Bitcoin. In comparison to gold, Bitcoin has tremendous potential and a bright future. In my opinion, there is no significant difference between investing in gold and investing in banks. Gold is a well-established kind of investment, which means there are no more exciting upcoming innovations of it, as opposed to Bitcoin, which is just getting started, how much more if it is employed by the majority of the establishments globally.

[Best-mary]

I'll just simplify why I'll always choose bitcoin

- Because Bitcoin doesn't know the age difference.

- I have never owned gold since I was born. But when I was 19, I had my first BTC in my wallet. You can imagine the happiness

- I can easily transfer Bitcoin. Anywhere, anytime

- I can carry Bitcoin anywhere and at the same time earn from it by either trading or participating in different Events like Kcgi, which I can earn in usdt and swap to BTC with fewer charges

- Bitcoin is decentralised, safer and efficient

And many more reason

[usekevin]

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.

Bitcoin had a capacity to get more change in the price.But the gold value may depreciate with respect to the year.Check the price of bitcoin today,the value of bitcoin was again start to increase.So it’s essential important one to hold lot of money in the bitcoin.One day the bitcoin will reach the maximum market and demand of bitcoin will automatically increase.The price of bitcoin is based on the market demand,when the bear market,you should fill your bags with more bitcoin.

[serjent05]

One thing that encourages people to choose Bitcoin and that is the profitability of Bitcoin is insane that it leaves gold profitability to dust.  We must admit it, it is more on profitability that we choose Bitcoin, any other reason is just secondary.

Don't forget if your looking portfolio diversity you can hold preciouses metals (or a blend of) in an ETF and that negates the physical security part. But now your on radar.

If you can't have bitcoin, you could possibly own Micro Strategies giving some exposure to BTC.

Think outside the box people
 I personally have a blend of this.

All in one one, you are stupid, period

I highly agree, most investment gurus remind us not to put all our investments in one basket. It is always good to look for diversification so that if one investment is not performing well, another investment can kick in and can even save our other investment from being liquidated since we can have enough funds from the profit on the profit of another investment venture that is performing well.

[spectre71]

I challenge anyone here to got to a garage sale, flea market, coffee shop or gas station without selection and buy something with a bitcoin. Go for it see what happens. Nothing but blank stairs.

Sure as an investment sure it CAN and will excel at some point. What if you need some money for a oral surgery and you need cash. How does bitcoin look when your 33% down at the moment? It's going to take some work to make up that loss. Little bit of evil fiat on hand is handy, I can cash in the silver or gold at spot or slight loss now. No biggie.

What happens if a screaming opportunity comes by but your all lock up in BTC undrwater with no other assets on hand? You lose. (opportunity cost).

I suspect allot of you are really young like 33 or less and haven't seen enough and parrot other is threads.

Oh it's limited amount, oh it will go up over time, it's so portable and fast... Blah blah..

May be true but stop counting on the best possible scenario and hedge against middle of the road worst.

Read the books by the winners, not listen in an echo chamber of what you want to believe.

[DapanasFruit]

There are many good reasons why more and more people are preferring Bitcoin over gold though am not saying that investing in gold can be a bad decision as both assets can be working for anyone. Now, Bitcoin is digital while gold is physical so BTC has no problem in terms of transporting it and hiding it away from the prying eyes of the authorities in case you are looking for greater privacy. We must remember that both got big advantages and disadvantages so if given an opportunity I will be investing in both.

[Bitcoin_people]

There are many good reasons why more and more people are preferring Bitcoin over gold though am not saying that investing in gold can be a bad decision as both assets can be working for anyone. Now, Bitcoin is digital while gold is physical so BTC has no problem in terms of transporting it and hiding it away from the prying eyes of the authorities in case you are looking for greater privacy. We must remember that both got big advantages and disadvantages so if given an opportunity I will be investing in both.

Basically if you read about the future and past of gold in detail then you will know that gold has been investing in it since ancient times. This gold has been circulating for hundreds of ages where everyone used it and still everyone uses it and people invest the most on its popularity and more gold. But the question here is why people are so popular in Bitcoin than gold. Currently, we have seen that Bitcoin has been around for only 14 years, in which its popularity has increased a lot. While people are currently more willing to invest in bitcoin than gold, we have seen a time when the value of bitcoin exceeded the value of gold. and when the value of bitcoin exceeded the value of gold, those people believed in bitcoin the most and this virtual currency became so popular in a short period of time that it captured people's minds. And those who hold bitcoins now will definitely benefit more than gold in the future because when the value of bitcoins increases, it will surpass the value of gold.

[Farma]

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, I think people prefer bitcoin because of bitcoin's ability to quickly increase the assets we have. although the risk is indeed greater than gold, however, I think many people are ready to take that risk. In addition, people who prefer gold are those who choose a smaller risk in investing, or those who already have a lot of money and save it in gold.

[Bd officer]

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.

First, investing in Bitcoin is riskier than gold.  But since Bitcoin has been around for 14 years, people have believed in their hearts, investing in Bitcoin is unlikely to cause a huge loss. Compared to investing in gold, investing in Bitcoin has many advantages. You can sell Bitcoin whenever you want without going to any market or store. But in selling gold, you must go to a market or a gold shop. Investing in Bitcoin has many advantages over gold in many other ways.

[hd49728]

First, investing in Bitcoin is riskier than gold.  But since Bitcoin has been around for 14 years, people have believed in their hearts, investing in Bitcoin is unlikely to cause a huge loss. Compared to investing in gold, investing in Bitcoin has many advantages. You can sell Bitcoin whenever you want without going to any market or store. But in selling gold, you must go to a market or a gold shop. Investing in Bitcoin has many advantages over gold in many other ways.

Advantages are enough or not enough to convince people to choose Bitcoin than gold, it's personal choice and if a person sees advantages outperform disadvantages, he will pick Bitcoin. Oppositely, he will reject Bitcoin and pick gold or other assets.

The elderly will tend to reject Bitcoin as they belong to old school generation and less likely to accept new technology like blockchain and new modern asset like Bitcoin. With them, advantages are not enough as they need something they are familiar with so that they feel safe with it.

[awik p]

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.

First, investing in Bitcoin is riskier than gold.  But since Bitcoin has been around for 14 years, people have believed in their hearts, investing in Bitcoin is unlikely to cause a huge loss. Compared to investing in gold, investing in Bitcoin has many advantages. You can sell Bitcoin whenever you want without going to any market or store. But in selling gold, you must go to a market or a gold shop. Investing in Bitcoin has many advantages over gold in many other ways.

before knowing the advantages of bitcoin over gold, of course we have knowledge about bitcoin, considering that without knowledge, bitcoin investment can be bad for us, besides that there are also advantages and disadvantages of both, so we just have to decide which one to invest in. people will feel comfortable and calm when holding gold, but not necessarily everyone who holds bitcoin will be able to feel the same way, given the higher fluctuations in bitcoin

[Cryptmuster]

Advantages are enough or not enough to convince people to choose Bitcoin than gold, it's personal choice and if a person sees advantages outperform disadvantages, he will pick Bitcoin. Oppositely, he will reject Bitcoin and pick gold or other assets.

The elderly will tend to reject Bitcoin as they belong to old school generation and less likely to accept new technology like blockchain and new modern asset like Bitcoin. With them, advantages are not enough as they need something they are familiar with so that they feel safe with it.

Many conservative investors reject bitcoin, for them gold and real estate are a priority. It works for them because they have a lot of capital, which is enough to make a good profit. But for those who do not have sufficient capital, mainly young investors, they will be looking for an asset that can give a significantly higher return in a shorter time, bitcoin may be suitable for this. The risks are greater, but the reward can be much greater.

[Z-tight]

- I have never owned gold since I was born. But when I was 19, I had my first BTC in my wallet. You can imagine the happiness

That's because you have never bought gold, you cannot own what you don't want to buy; you own BTC because it was your choice of an investment, so this isn't a reason why someone should buy BTC over gold.

- Because Bitcoin doesn't know the age difference.

What do you mean by this?

- I can carry Bitcoin anywhere

BTC is used over the internet so there is no problem moving it, but even though gold is physical you don't have to always buy gold in its physical form, you can also invest in gold without owning it, through Gold receipts, Stocks, etc.

[Mauser]

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 short answer is that gold doesn't work anymore as inflation protection. For my grandparents gold was the number one asset to invest their money if they wanted protection against crisis and inflation. Unfortunately this relationship doesn't seem to hold anymore. The last 2 years we are faced with international crisis like the Ukraine Russia war and have inflation rates of 7-12% around the world. However, the gold price didn't change in value. Anybody that tried to save their money by moving it all in gold lost a lot of value due to inflation. On top of that is gold quoted in US Dollar which could lead to losses if there is big changes in the exchange rates. Bitcoin on the other hand recovered quite a lot from their 16-17k levels and outperformed gold, it's a much better investment.

[Sim_card]

1. Gold is visible and you can't hide it when transporting a large quantity but you can move 20 from one place to another easily by taking your PC as your cold storage from one place to another.
2. Bitcoin is highly volatile than gold and you can make more profit from bitcoin than gold,if you use the same amount of money to invest over a given period of time.
3.If you don't know original gold,you can be deceived and pay for a fake gold but bitcoin has no fake because it is a digital currency that is bought through p2p method.
4. Gold has being existing since ancient of days and we have seen its future but bitcoin is newly created and still has a brighter future to come.

[Nrcewker]

Gold is legalised, whereas Bitcoins are still not legal in many countries. But that does not means Golds are the best. Gold are centralised and it’s controlled by the government. They impose many tax on it and hence making it similar to fiat. On the other hand, cryptos are best as they are decentralised in nature. You will have full control on your own finances here. Many youth like Bitcoins for this feature and hence will choose Bitcoins over gold.

[retreat]

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.

Debating which is better between gold or bitcoin is not really important to me because both have their advantages and disadvantages. I personally choose both to be used as investment assets, because after all gold is a much more stable investment instrument compared to bitcoin and an investor certainly needs to have safe assets which are not too volatile and can be a backup for their funds.
And for Bitcoin, I chose it because it's a potential asset and it's great to hold. The potential for me to be able to get an investment value of 1x or more is also bigger in Bitcoin, that's why I still choose to hold this because the potential is better than gold.

[Mpamaegbu]

~snipped~

Ah, you are concerned about the purity of what they sell as "gold".

I'm in the same shoe with Agbe and I believe a greater number of our people are too. It's not that easy beholding raw gold except one visits a gold mine. It's the same way we can't boast of sighting Bitcoin. Though I've heard of Bitcoin ATMs, I don't get how that work.

To respond to the OP, the depth of my attachment and love for Bitcoin stems from the fact that I treat it as cashless. Anything cashless doesn't drag physical burden with it and this is what I enjoy with Bitcoin. It's just an investment or cash in the air for me, to be tapped with ease anytime I want; provided I own it.

[Gallar]

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?
~Snip

Actually I don't really care about the debate between these two investment assets. Because basically, people who choose to invest in gold, it means that it is their choice, and so with people who decide to invest in bitcoin, it is definitely a well-thought-out decision. After all, bitcoin and gold have very different elements and systems. Because just like gold which has a physical form, and while bitcoin does not have a physical form. Besides that, bitcoin was also born in the digital world, in contrast to gold, which is in the ground on this earth. Then these two assets are indeed produced by mining, but both of them have different ways of mining. Because bitcoin is mined by breaking the code, and while gold is mined by digging the ground first, then after that it is processed. There are even people panning for gold in the rivers.
So with that being said, bitcoin and gold have some very visible differences.

So basically, gold and bitcoin are assets that really have made lots of people profit/rich. So why compare these two assets, because basically both are equally valuable and profitable for humans. So I personally am not too fanatical about gold assets or bitcoin assets. Because right now, I'm investing in both assets. The first gold I knew and the first I made an investment. Then after that, get to know bitcoin. So in my personal opinion, there is no need to be confused about debates like this, because basically the debate between gold and bitcoin is definitely a matter of choice. And this is very reasonable.