Why Bitcoin Instead of Gold?

[_BlackStar]

I have bitcoin - I also have gold. Both of these investment assets are great for your investment options - but bitcoin performs better than gold. Bitcoin is different from gold - you need to look for more differences between the two based on your investment plan.

No need to argue about which is better and which is more profitable - but if you ask me, of course bitcoin has been my investment asset more than gold. Also, you don't need to put 100% of your investment budget into bitcoins - while you should still diversify your assets to other investment assets if you don't plan on keeping fiat.

[KiaKia]

The best part about Bitcoin and crypto is the are more safer to keep, no one will know that you have your money hidden in a words, you can leave your country and pass strict searches on the road, and nothing to implicate you, and you have the words you have your Bitcoin and it goes wherever you go.

Gold isn't bad but moving it around is not cool, they are visible and not easy to move around from one location to another, Always remember that where there is gold there is blood, The reason they say this is because once people set eye on your Gold they will lose their mind and want to make it theirs, this will most likely result into violence.

It's good to invest in both but what people can't see is more safer than what they can see, Golds can be found and picked up but not Bitcoin, most people don't even know what bunch of words are for.

[Solokan]

indeed the debate about gold and bitcoin to this day seems unfinished, because indeed bitcoin certainly has advantages including the limited amount of supply of bitcoin supply because there are only 21000000 bitcoins while for gold of course the supply can be called unlimited because people keep mining every day gold, whereas for bitcoin, of course, the supply is limited, it will have the potential to increase in price in the future. but the weakness of btc is that it has a fluctuating nature and has the potential to decrease in price but if our invest in gold, of course the risk is not too high, but in terms of profit, in my opinion, investing in btc is greater than in gold. but of course gold also has the potential to rise in the future but in my opinion gold would be suitable as a store of value.

Indeed, in my opinion, gold is suitable as a store of value, because the risk of investing in gold is not too high, while investing in BTC has a very high risk, not even a few people who invest in BTC experience losses.

but to be honest I personally prefer bitcoin because the profit I get from BTC is huge, and to be honest I have felt a lot of profit from investing in BTC.
I think in this matter of course everyone has a different opinion. because there are people who are ready to take big risks and there are also those who are not.

[livingfree]

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 know Bitcoin more than gold.

That's the simplest answer that I can say and I've got more experience with its volatility than gold. While gold isn't as volatile as Bitcoin, I like more bitcoin because it's more rewarding.

And if you've been here for the longest time, you'll prefer Bitcoin than gold. Even those gold investors are seeing the huge gap of owning and investing in Bitcoin.

[Blitzboy]

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.

GOLD. Ancient relic. Valuable? Yes, exactly. Stable? Most of the time. Still, its foreseeable. the ascent of Bitcoin and its wildly popular status? It demonstrates how far humanity has come. We have always been explorers and pioneers. With the digital future at hand, why hold onto the past? Without a question, gold has historical significance. Trade, art, and millennia of battles have all revolved around this metal. But my friend, this is the Information Age!

The meaning of bitcoin extends far beyond simple financial investment. It is a decentralized revolution, a movement. Bitcoin has demonstrated its potential in just 14 years, surpassing the centuries of gold's hegemony. For what reason? since digital assets are necessary in the digital age. You are right to notice that the trajectory of Bitcoin is not accidental. Its a reflection of the direction that our species is taking. Frankly, those who fail to recognize that are stuck in the past. Its time to acknowledge the changing tides and wake up. the era of gold? Its the past

[aoluain]

So I can either have 1 bitcoin or 500 grammes of Gold in physical form or in the form of a
paper certificate for approximately and currently $30,000.

If I own physically 500g of Gold I cant leave it just anywhere it has to be in a safe.
If I want to transport it there are security issues. What about if a massive Gold deposit
is found somewhere, will it devalue what I have already? probably not because the price is
controlled!

So Bitcoin:
Borderless
Digital
Decentralised
Deflationary
Finite
Global
Proven
Secure
Self Custody
Transportable

[yazher]

I don't think people who are capable of investing in both will only choose bitcoins because they know the opportunity to invest in gold is also good and stable. As for those who only want bitcoins, they also have enough reasons why they doing that especially those who choose to hold it for the long term. While bitcoin investment is growing all over the world, gold doesn't really get affected by it since they are different from each other, and there's no wrong when you can only afford bitcoins in the meantime.

[Smack That Ace]

indeed the debate about gold and bitcoin to this day seems unfinished, because indeed bitcoin certainly has advantages including the limited amount of supply of bitcoin supply because there are only 21000000 bitcoins while for gold of course the supply can be called unlimited because people keep mining every day gold, whereas for bitcoin, of course, the supply is limited, it will have the potential to increase in price in the future. but the weakness of btc is that it has a fluctuating nature and has the potential to decrease in price but if our invest in gold, of course the risk is not too high, but in terms of profit, in my opinion, investing in btc is greater than in gold. but of course gold also has the potential to rise in the future but in my opinion gold would be suitable as a store of value.

Indeed, in my opinion, gold is suitable as a store of value, because the risk of investing in gold is not too high, while investing in BTC has a very high risk, not even a few people who invest in BTC experience losses.

but to be honest I personally prefer bitcoin because the profit I get from BTC is huge, and to be honest I have felt a lot of profit from investing in BTC.
I think in this matter of course everyone has a different opinion. because there are people who are ready to take big risks and there are also those who are not.

If you invest in bitcoin and the loss is your fault, don't blame bitcoin for being too risky. Because if you are serious about investing, you are fully prepared with knowledge and understanding of bitcoin, I bet you will never lose. But if you think making money from bitcoin is easy, without experience, knowledge and just need to invest to get rich quickly, then losses are natural. Bitcoin or gold are both risky, and whether you lose or gain is up to you.

[WillyAp]

GOLD. Ancient relic. Valuable? Yes, exactly. Stable? Most of the time. Still, its foreseeable. the ascent of Bitcoin and its wildly popular status? It demonstrates how far humanity has come. We have always been explorers and pioneers. With the digital future at hand, why hold onto the past? Without a question, gold has historical significance. Trade, art, and millennia of battles have all revolved around this metal. But my friend, this is the Information Age!

Well once you compare the amount the NY stock exchange moves with the market cap of crypto or BTC, if you are a maxxi, you'll see how important Crypto is in the world outside of the crypto bubble.

[Out of mind]

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.

We can see that the price of gold has increased tremendously over the past few days. As gold is a natural resource, and it is always preferred by people and invest more in gold than Bitcoin. There is a huge demand for gold in a country to change their economic situation, and if a country's economic situation worsens, it can be met with gold. However, Bitcoin is now preferred over gold in many countries, and this virtual currency has become more popular than gold in just a few years. Although gold has been around for hundreds of years, the virtual currency Bitcoin has gained more popularity than gold. Since Bitcoin is currently invested and preferred by most people, with Bitcoin being preferred over gold, the future of Bitcoin is clear and imminent.

[WillyAp]

We can see that the price of gold has increased tremendously over the past few days.

Gold rises when a war is approaching, or the conception of an imminent war.
This very conception is also very likley responsable, or at least partly, for the turbulences on stock market and crypto.

[Kaliandra]

Best is to have both.

your explanation does make sense too, because if we had both of course it would be even better, but what the op asked in my opinion is this, why do people prefer btc over gold? yes, personally, of course, I prefer BTC because investing in BTC can potentially get large profit, but if investing in both, namely BTC and gold, of course it's better because we can potentially get maximum benefits.

[serjent05]

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.

You can revert the situation when Bitcoin is uptrending.  We cannot just choose one side when another side also happpens.  If a person buy BTC @$900  and intend to sell BTC now, do you think the person suffer losses?

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).

No?  You can sell your BTC if you think the opportunity of profit on the target venture can outweigh you losses when you sell your BTC.  Remember, BTC has high liquidity, although highly volatile, you can sell your BTC any time you wanted.

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

Most probably younger than 25 years old. Others maybe are still in college level.

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

This is logical, with continuous adoption and finite supply what else can you think of?

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.

True that, in every investment expect the worst and make adjustments accordingly.  Between Bitcoin and Gold, both are precious if we have the opportunity to hold both, then why not buy both?  After all diversification is another good thing in an investment venture

[nutildah]

We can see that the price of gold has increased tremendously over the past few days.

No it hasn't, its been flat or down.

As gold is a natural resource, and it is always preferred by people and invest more in gold than Bitcoin.

Since Bitcoin is currently invested and preferred by most people, with Bitcoin being preferred over gold, the future of Bitcoin is clear and imminent.

Nevermind the fact that you contradicted yourself and nothing you said makes very much sense -- I'm just wondering how you come up with these posts... All the information you presented is factually wrong. Do you just make stuff up or do you translate it from old articles in your native language? You're not providing anything remotely of value to any conversation you engage in.

[bayu7adi]

your explanation does make sense too, because if we had both of course it would be even better, but what the op asked in my opinion is this, why do people prefer btc over gold? yes, personally, of course, I prefer BTC because investing in BTC can potentially get large profit, but if investing in both, namely BTC and gold, of course it's better because we can potentially get maximum benefits.

Great rewards only come to those who take significant risks, and Bitcoin carries greater risks than gold. However, it's important to note that one can easily stumble into high-risk investments. The primary purpose of diversifying assets into Bitcoin and gold is to mitigate risk, essentially preventing sudden financial downfall.

Bitcoin and gold come with distinct strengths and weaknesses, making a direct comparison between the two quite peculiar. It's like comparing the purchase of meat and fish. Both are valuable, and I find merit in both for certain allocations.

[LittleBitFunny]

your explanation does make sense too, because if we had both of course it would be even better, but what the op asked in my opinion is this, why do people prefer btc over gold? yes, personally, of course, I prefer BTC because investing in BTC can potentially get large profit, but if investing in both, namely BTC and gold, of course it's better because we can potentially get maximum benefits.

Great rewards only come to those who take significant risks, and Bitcoin carries greater risks than gold. However, it's important to note that one can easily stumble into high-risk investments. The primary purpose of diversifying assets into Bitcoin and gold is to mitigate risk, essentially preventing sudden financial downfall.

Bitcoin and gold come with distinct strengths and weaknesses, making a direct comparison between the two quite peculiar. It's like comparing the purchase of meat and fish. Both are valuable, and I find merit in both for certain allocations.

Diversification does not help us get the maximum profit, but only helps us to reduce risk, so depending on the risk tolerance of each person, there is the most suitable option. When we have $100k and invest $50k in bitcoin and $50k in gold, gold doesn't fluctuate too much, how can we get the maximum return if compared to the investment 100k dollars into bitcoin?

Because I don't have a lot of money, investing in gold for me is a barrier to increasing profits. So I will accept the risk when investing in bitcoin. Although the risk will be higher, but if successful, my profit will be maximum than investing in gold.

[bitzizzix]

Both have a limited supply, both need to be mined although the mining process is very different, and both can be used as currency and are also great for promising investments.
I have both, and all I did was take some of the profits from Bitcoin to buy gold when the bitcoin price hit a high. And I prioritize Bitcoin because of its security, even though it has risks due to fluctuations. But for the long term Bitcoin in my opinion there is no risk as long as I have strong faith and patience, in the long term Bitcoin always promises to provide good returns.

[kingvirtus09]

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 would definitely prefer Bitcoin because of the reasons that,

1. As time goes by, its value will surely increase, not equal to Gold, it's not like that, it's just limited.
2. Bitcoin is not easy to steal unless someone is a hacker.
3. Definitely secure and safe as long as you hold the seed and private key.
4. can be inherited from the person you love.

[GeorgeJohn]

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 comparing analysis will let you know while people preferred bitcoin over Gold, its obvious that bitcoin technology was introduced in the year 2009 and when looking at in another perspective bitcoin have not reached up to thirty year in existence, but bitcoin have more firms and its use for transaction of currency from one country to another without much processes, and secondly, its a valuable asset that you can invest and it became propagate, so therefore, you cannot compare Gold with bitcoin,  gold is an ancient currency and many people like young adults does not value Gold like bitcoin. Myself I have not taught of investing in Gold but immediately I noticed bitcoin I developed the interest to invest with bitcoin, people have their special reasons while they do invest in bitcoin instead of Gold.

[Wimex]

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.

Well, actually bitcoin does not necessarily have to be centralized and controlled by the government in order for it to be penalized for it, the simple reason that it is not yet legalized may be the main obstacle that this currency may have, of course this is focused on those that perform mining of this asset, which can be victims of the law if they are discovered doing this in a territory where they do not admit it, as well as for those establishments that decide to receive bitcoin as a form of payment, for them this decision can be a problem, however, is the other scenario, where users obtain bitcoin without the need to mine or expose it in a store, this other way has allowed this asset to cross borders without any inconvenience, and without the anguish of being discovered, since that being so encrypted and preventing the identification of those who possess it, gives you that freedom to move anywhere in the world, I suppose that if this were not the case, governments would not sit still and invent some way to snatch them away (something that i consider impossible).

Now I agree with this

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.

... gold and bitcoin are two very different assets, one with more history than the other, but I believe that even though i consider bitcoin to be better in several ways, both can be used without the need to substitute one for the other, The best way to progress in this world is by having several methods of income.