Why Bitcoin Instead of Gold?

[WillyAp]

The preverance of Gold vs Bitcoin is like depened what you would like and in what situation.
If you are like mad max Gold then without question its Gold.
If you are in to be rich someday well most likely BTC it'll be.

[Medusah]

Because it is easier to move across to globe.  It is easier to cut in a million pieces.  It is easier to sell.  Easier to buy.  Easier to own.

[red4slash]

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.

I agree in this case because indeed in this case regardless of what is said is verified or something like that everything depends on the interest and disverification is only a reason to want both but on the other hand it also returns to the wishes of each only if we are smart then indeed being in bitcoin compared to gold is a wise choice.
Talking about risk is just a classic reason because of course when we are in a choice then the risk will still exist and in bitcoin also clearly has risks that we have to go through.
It is not wrong to want to be disverification but in the end when our profits are not greater don't complain about it because the benefits also adjust to the level of investment we make.

[The Cryptovator]

I often wonder why people frequently draw comparisons between Bitcoin and Gold. While Gold is a tangible asset and Bitcoin is a cryptocurrency, they seem quite incomparable. Nonetheless, as a crypto enthusiast, I personally favor Bitcoin over gold. The potential for profit that Bitcoin offers grants me a sense of financial freedom. Holding Bitcoin allows me to have control over my assets without worrying about traceability, unlike physical assets that authorities can monitor and tax.

[arwin100]

I often wonder why people frequently draw comparisons between Bitcoin and Gold. While Gold is a tangible asset and Bitcoin is a cryptocurrency, they seem quite incomparable. Nonetheless, as a crypto enthusiast, I personally favor Bitcoin over gold. The potential for profit that Bitcoin offers grants me a sense of financial freedom. Holding Bitcoin allows me to have control over my assets without worrying about traceability, unlike physical assets that authorities can monitor and tax.

Because both is a good asset that's why there's a comparison especially for people seeking for better opportunity. That's how people think and its really normal that they compare it,  but at the end of the day if they have money for sure they invest on both since they would provably know that both asset is worth to grab since they are good asset that good to hold for long months or years. Maybe taxation is less concern since the main priority of investors is to earn more profit from their investments made.

[Kiedx]

Bitcoin, in contrast, is a highly liquid asset. Unlike gold, trading the crypto is not subject to government regulation, making it more flexible. Bitcoin also has the potential for high returns, as its value can rise rapidly. However, this volatility makes it a risky investment, as it can just as quickly lose value.

[CryptoBuds]

I often wonder why people frequently draw comparisons between Bitcoin and Gold. While Gold is a tangible asset and Bitcoin is a cryptocurrency, they seem quite incomparable. Nonetheless, as a crypto enthusiast, I personally favor Bitcoin over gold. The potential for profit that Bitcoin offers grants me a sense of financial freedom. Holding Bitcoin allows me to have control over my assets without worrying about traceability, unlike physical assets that authorities can monitor and tax.

Because both is a good asset that's why there's a comparison especially for people seeking for better opportunity. That's how people think and its really normal that they compare it,  but at the end of the day if they have money for sure they invest on both since they would provably know that both asset is worth to grab since they are good asset that good to hold for long months or years. Maybe taxation is less concern since the main priority of investors is to earn more profit from their investments made.

Each has its own pros and cons, nothing is perfect. But the comparison here is not fair because this is a bitcoin forum, and of course, people will favor bitcoin over gold no matter how good gold really is. Personally, I would also choose bitcoin, simply because my goal is profit and I am willing to take risks for bigger rewards. But if I were a rich person with a lot of money, I would choose gold as the bulk of my portfolio, would still have bitcoin but not as much as now. There is no denying that while bitcoin is more profitable than gold, it is also riskier than gold.

[dlightag]

Bitcoin is far better than Gold, when it comes for safety and thirds parties knowing the assets your having, while holding for a long term, Bitcoin can not be disclose to anyone, accept mentioned it out and is more secured in digital currency that can be exchange anywhere, I mean any country you are or travelling to, while Gold has to under process and is not easy to move out of country, because of security involved, I prefer Bitcoin than Gold.

[HONDACD125]

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.

In ancient times, people often invested in gold for the future as it was a great investment option. Now people prefer to invest in Bitcoin, which is also known as digital gold. Bitcoin has several features that make people prefer investing in Bitcoin over gold. Bitcoin has a fixed supply while gold has no limited supply. Bitcoin is mined with a certain amount while gold mining has no limit. As you can imagine, Bitcoin has been on the market for a very short time, but its value has increased many times that of gold. You can store as many bitcoins as you want, because it has no physical form. You won't have any problem, but if you store too much gold, you may have a problem. Bitcoin can be sold anywhere in the world at any time when needed. Bitcoin can be easily transferred from one place to another in any corner of the world, you just need to remember your password. Moving gold from one place to another is very difficult, and there are many risks involved. Gold investment cannot be ignored but I think bitcoin investment is more profitable and safe than gold.

[hd49728]

In ancient times, people often invested in gold for the future as it was a great investment option.

We are all modern people so no need to compare to ancient people and why did they invest in gold. Your comparison is too much and too exaggerating but I like it as it funny and makes me laugh.

Now people prefer to invest in Bitcoin, which is also known as digital gold. Bitcoin has several features that make people prefer investing in Bitcoin over gold. Bitcoin has a fixed supply while gold has no limited supply. Bitcoin is mined with a certain amount while gold mining has no limit.

Gold has limited supply but we just don't know the exact number and there is potential for finding more gold in deeper layers on Earth, from other planets, asteroids and somewhere in the space. It is not correct to say gold does not have a limited supply but of course, Bitcoin is clearly with its supply at 21 million bitcoins and it gives investors feeling of scarcity than gold. They will feel more FOMO with Bitcoin than with gold.

[Twentyonepaylots]

Bitcoin is far better than Gold, when it comes for safety and thirds parties knowing the assets your having, while holding for a long term, Bitcoin can not be disclose to anyone, accept mentioned it out and is more secured in digital currency that can be exchange anywhere, I mean any country you are or travelling to, while Gold has to under process and is not easy to move out of country, because of security involved, I prefer Bitcoin than Gold.

From my personal experience, investing in gold can be a smart decision for the long term. If you face a financial crisis, selling your gold at a pawn shop can quickly cover your daily expenses. However, it's important to remember that investing in Bitcoin is a different strategy than investing in precious materials like gold. Each investment approach has its own set of advantages and risks. Depending on your trading style, investing in Bitcoin may be a better option than gold because it is highly volatile and liquid, and you can sell it quickly for a high amount. While gold tends to have a more stable price than bitcoin, it can take longer to appreciate its value. Nonetheless, having gold as a part of your investment portfolio can provide a safety net during times of economic downturn.

[Volgastallion]

Because gold had his time and that time ahs passed, we evolved so much and we change our system years ago, and we still in the system who replaced gold, in the mid 1900, so now Bitcoin its the new system and the future to addopt.

Gold was gold,then """trust""" in FIAT system not backed by gold, and now computer and math based who is Bitcoin.

[lizarder]

Because gold had his time and that time ahs passed, we evolved so much and we change our system years ago, and we still in the system who replaced gold, in the mid 1900, so now Bitcoin its the new system and the future to addopt.

Gold was gold,then """trust""" in FIAT system not backed by gold, and now computer and math based who is Bitcoin.

If we can use both simultaneously why not? Gold has a much smaller return and takes a long time to invest, but the strength of gold in maintaining its value is also very good and gold has entered its heyday and even gold has been a medium of exchange in the past. The times have brought something new to be adopted and now we see bitcoin as one of the best investment media available, so using it is also a good step in maintaining the value aspect of money that we have. The need for adjustments every time a certain moment arrives, is what is called taking advantage of existing opportunities, so that dependence on certain aspects to obtain profits can be utilized according to the advantages and skills.

Maybe some people try to compare gold investments in the past with current bitcoins and certainly find none in comparing a product in the past with the present because both have different levels of advantages according to the era. To me both are indeed the best of ever and we have seen bitcoin reach a stage of wide enough adoption to make it one of the best investments in terms of preserving value today. So take advantage of both if you ever have the chance?

[Fatunad]

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.

Why would needing to choose if you could have both?  

Well, if you do really need to choose one then it would really be entirely be depending with your own insight since not all would really be that having on the same choice and preference when it comes to investment hings.
Come to think that comparing Bitcoin to Gold is something that been in talks through several years on which one would be worth, both does have that increasing value but the difference in numbers or value is really quite that significant specially on comparing to Bitcoin on which its price is really that moving that way too volatile and could really be able to surpass if ever the adoption and recognition would already be that high.
A mineral compared to digital gold? There might be some similarities but in overall it isnt really just that a huge problem as long you do have the money to invest into. There are really just people who are really that loving on making up some comparison and trying to have that kind of choice.

[Renampun]

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 like both and I have investments in both, but what I think makes bitcoin much better than gold is its price fluctuations which tend to be faster than gold while gold seems stagnant and doesn't have a drastic increase in price, besides that trading with bitcoin is far easier and more efficient than gold only through a smartphone, you can already sell or buy bitcoin while gold is quite difficult, and the last is cross-border shipping for bitcoin transactions which is very easy, compared to gold which requires complicated physical delivery, maybe this is all I can explain about why bitcoin is much better imo.

[Smartgoat]

1  Bitcoin is decentralized
2 Bitcoin is not visible but gold is
3 I have also seen some materials made by gold, but for Bitcoin non
4 Bitcoin is easier to exchange online, but gold is not

decentralization of Bitcoin is what make it more valuable then gold. about the early exchange, you can exchange your Bitcoin without going to anybody. Bitcoin is much more better than gold. but we should also know that, investing in gold is different from Bitcoin. gold has to do with longtime investment.

[spectre71]

I love how a bunch (esp nubes) come in and explain the obvious anyone who has been around a minute already knows. It doesn't make you smart to repeat what's been said a bazzion times.

Oh it's finite!
Oh it is more volatile to make more money!
It's a better investment!
Gold is heavy!
I can send this around the world in seconds!

Yeah yeah yeah, we all knew that already ad nauseum.

What would make you smart is to show how you can wrap BTC and Gold together in a symbiotic portfolio (with other) to gain a position of wealth.

You can put all your eggs in one basket and roll the dice and make some money/returns. The hard part is retaining wealth and still have above water money when the ark is floating. When that volatile sure thing goes under your avg cost and you must sell, it's a painful yet expensive learning experience.

Bitcoin is an awesome tool in a quiver of many

[Medusah]

What would make you smart is to show how you can wrap BTC and Gold together in a symbiotic portfolio (with other) to gain a position of wealth.

The topic is why you should use bitcoin over gold.  Not if putting everything into one basket is wise.  The reasonable response is a list of properties that either bitcoin or gold does better than the other.

[spectre71]

What would make you smart is to show how you can wrap BTC and Gold together in a symbiotic portfolio (with other) to gain a position of wealth.

The topic is why you should use bitcoin over gold.  Not if putting everything into one basket is wise.  The reasonable response is a list of properties that either bitcoin or gold does better than the other.

Yeah I hear ya, just soooooo over this Bitcoin vs Gold imaginary grudge match. It's a simpletons argument

[Bitcoin_people]

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 like both and I have investments in both, but what I think makes bitcoin much better than gold is its price fluctuations which tend to be faster than gold while gold seems stagnant and doesn't have a drastic increase in price, besides that trading with bitcoin is far easier and more efficient than gold only through a smartphone, you can already sell or buy bitcoin while gold is quite difficult, and the last is cross-border shipping for bitcoin transactions which is very easy, compared to gold which requires complicated physical delivery, maybe this is all I can explain about why bitcoin is much better imo.

Between bitcoin and gold if you invest in both it is good but you have to accept that investing in bitcoin is risky as there is volatility in the market. But by investing in gold you have no risk and you stand to gain a lot when the price of gold rises in the future. But the value of bitcoins increases relative to gold. But in this case it is difficult to sell gold but it is very easy and convenient to sell bitcoin that is why people are now interested in investing more in bitcoin rather than investing in gold to enjoy the benefits. Although gold is a natural resource and popular but nowadays we can see that most of the young people are more interested in investing in this virtual currency than gold, in that case I also prefer Bitcoin as the top investment.