Why Bitcoin Instead of Gold?

[Kelvinid]

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.

Honestly, I'm taking them both but I'm investing more on Bitcoin for one reason?
I choose Bitcoin because of it profitablity rate compared to gold. Despite the risk, I was still on the positive side thinking that I can handle the risk and can manage stress that I was going to faced.

Nevertheless, I couldn't say that I'll taking this kind of investment forever. I was still continue buying some gold and grow it slowly as I consider this as my lifetime investment. But as long as Bitcoin is still profitable these days, it takes more chunks from my investment capital than gold.

[Compromise me]

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 is good investment than gold  because in Bitcoin your investment increases multiple times and you can become a millionaire in a short time but in case of gold this is not possible. Gold prices goes up and downs and there is not such as profit in Bitcoin. If you invest in Bitcoin, you have opportunity to become a millionaire in future and you can do it but gold investment is not safe as Bitcoin and if you invest in gold for long term, it is not such as profitable as Bitcoin. Bitcoin is best investment idea for investment.

[nicolas222]

Why bitcoins? because it is a personal asset that cannot be foreclosed, seized and can give large earnings, gold is less unstable and gives moderate earnings constant over time but can be seized, stolen or requisitioned

[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.

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.

Every generation has a favorite method of storing riches, as history has demonstrated. People have loved gold for millennia because of its rarity and unchanging character. On the other hand, a technological revolution is about to occur.

This transformation is embodied by Bitcoin! It is a product of the decentralized digital age. Regarding Bitcoin's volatility, you dispute. It is, of course, volatile! Its fresh, vibrant, and questioning the current quo. unlike gold, which in today's digital economy is, lets face it, a relic from a bygone era.

Additionally, Bitcoin transactions are smooth, whereas selling gold is a laborious process that involves middlemen, taxes, and other issues. The younger generation is aware of this. People are drawn to Bitcoin because of its ease of use. So why do we still use antiquated investing methods? Its time for evolution, and the next step in that evolution is Bitcoin

[Honyek]

Bitcoin is more valued than gold to me. The investment in bitcoin is more reliable than gold, if the investment is properly checked and done. There is also a tendency of the price of bitcoin increasing highly than gold which will enable investors make more gain on their investment, thus making bitcoin have more increase in value and appreciation.

[posi]

Bitcoin is more valued than gold to me. The investment in bitcoin is more reliable than gold, if the investment is properly checked and done. There is also a tendency of the price of bitcoin increasing highly than gold which will enable investors make more gain on their investment, thus making bitcoin have more increase in value and appreciation.

The biggest reason people choose bitcoin over gold is because of the profit it brings, you and me included. We like bitcoin for profit, we all have the mindset that investing in gold is a waste because it's not volatile so it can't be profitable for us. But with bitcoin, we have the opportunity to make a lot of money, get rich faster. Of course, there will be other benefits when our assets are bitcoin but like I said, profit is still the most priority and concern.

[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.

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.

I also supported the idea of diversification to reduce risk, but then I discovered that allocating capital to too many assets only dilutes our investment and will not provide maximum return. And if we do enough research and only invest in a single asset like bitcoin, although there will be high risk but the reward will definitely make us more satisfied.

But in the end, it is still a choice, a decision of each person, we cannot impose our thoughts on others. But I would only diversify if I had more money.

[spectre71]

Why bitcoins? because it is a personal asset that cannot be foreclosed, seized and can give large earnings, gold is less unstable and gives moderate earnings constant over time but can be seized, stolen or requisitioned

ALLOT of Bitcoin has been seized by the US govt.

Realizing large profits without paying taxes will get you bracelets and the cool things you purchased, gone.

[puloweh555]

We all know that since time immemorial, gold has been known by the public at that time as a transaction tool or it could also be said as an investment asset. This gold is also an asset whose price does not go down easily even though the world economy is not doing well, instead the price continues to increase from time to time. In the end, over time, Btc was created as an asset that is very high value and of course it is starting to be liked by many people as a good investment choice for the future. Because btc and gold are both assets of high value and continue to increase, BTC can also be said to have an asset value that does not go down easily even though the world's economic conditions are not good.

Because the two have the same characteristics, it's no wonder BTC is now in great demand and is even considered Digital Gold. If at first glance they are the same, gold and Bitcoin do have the same function, it's just that the way to store them is slightly different, this can be said about security. However, to determine a more profitable investment, I think BTC is my top choice right now. Because BTC cannot be controlled by the government, this is very different from Gold which is controlled by the government. Not to mention that there are also cases of fraud by selling fake gold, even though there is no such thing as fake bitcoins. Actually, there are still many advantages of Bitcoin compared to gold.

[kelechi]

You can bring BTC everywhere you go. Gold will be tough to carry

[spectre71]

You can bring BTC everywhere you go. Gold will be tough to carry

Here is a prime example of the "me too" firm grasp of the well known and obvious! Thanks for adding to our knowledge.

[darkangel11]

You can bring BTC everywhere you go. Gold will be tough to carry

Here is a prime example of the "me too" firm grasp of the well known and obvious! Thanks for adding to our knowledge.

You're free to add something if you want

To be honest, for me as a techie gold is just too hard to sell. I don't want gold contracts, I want the real deal, but I can't just sell it anywhere I go and most peopel don't realize that. Let's imagine you're forced to leave your country because of war or a coup. You have to move your gold to another country and at that place you don't know good dealers. You may face a language barrier. You're forced to walk around town looking for a place to sell your gold and then hope you'll get a fair price. With bitcoin it's fast and easy. Your exchange account will probably work overseas and moving coins there will take you less than an hour.