Bitcoin Is Better Than Digital Gold

[Bushdark]

The main advantage of bitcoin over gold is that it is known exactly how many total coins exist and how many coins are in circulation. In addition, all transactions can be tracked. The advantage of gold is that it can be used even where there is no internet. In addition, gold transactions are less transparent

Bitcoin is one of the strongest cryptocurrency and for that matter, it has helped so many people to get financial stability which digital golf might have not achieved so far. I will prefer to hold Bitcoin than anything like digital gold since it might not have the same value with Bitcoin which had been a very good utility project and life challenging opportunity so far. Bitcoin has so many benefits to us than the digital gold ranging from trading, staking, investing etc. Those who had been holding Bitcoin for a very long time cam attest to the huge profits they have made so far.

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[Crypto Library]

Bitcoin is one of the strongest cryptocurrency and for that matter, it has helped so many people to get financial stability which digital golf might have not achieved so far. I will prefer to hold Bitcoin than anything like digital gold since it might not have the same value with Bitcoin which had been a very good utility project and life challenging opportunity so far. Bitcoin has so many benefits to us than the digital gold ranging from trading, staking, investing etc. Those who had been holding Bitcoin for a very long time cam attest to the huge profits they have made so far.

Actually I don't understand the main point here how bitcoin is better than digital gold because I thought bitcoin was always digital gold. I wouldn't really compare the two because I think Bitcoin is digital gold and as usual what we see is physical gold.
If we see that there is one thing in common between these two sources and that is that both of them are limited. Currently Bitcoin or crypto currency is not legal everywhere and very few people in the world know about it. So in this aspect gold will be ahead of bitcoin at present. But if we think about the future, then as the world of this crypto currency is spreading, very soon in the future investment in Bitcoin will be more spread, in this case, due to the increase in demand, its price will also increase.  And you don't have to face the trouble of physically storing it or physically securing it. And since global conflicts are happening all the time, I think Bitcoin is the best digital gold to build wealth in the virtual world.

[coolcoinz]

Actually gold is a consider more precious than anything from past therefore nothing can take place of it. I agreed that bitcoin is also providing passive income to lots of people but popularity of gold is more than bitcoin.

I'd argue that if bitcoin was around as long as gold it would be much more popular.
We really can't compare these things if people used one of them as money and store of value for centuries an and the other one is known for less than 15 years.

I see bitcoin as something better than gold. I wouldn't call it a better digital gold because we don't have digital gold yet, so I guess that's going a bit too far, but if we agree that bitcoin works as a store of value, it's better because it's easily divisible, while gold isn't. You have a piece worth $1k, you can't divide it between 2 people, but you can do it with bitcoin and you can do it the way that everybody will trust, since bitcoin is verifiable. Try to verify gold on your own and you'll see that it's not that easy.

[Egii Nna]

Because they are not the same, you cannot compare them. Gold is a real object, whereas bitcoin is a digital cryptocurrency. Only the wealthy have access to gold; otherwise, there is no reason why you would buy gold to keep as an asset when you are scrambling to get food. On the other hand, bitcoin is easy to get and can be used and started at any price that many individuals, especially young people, can afford. Like gold, you can even own a bitcoin without anyone knowing about it. People will find out if you own gold, which could put you in risk or leave you feeling unsafe in some areas.Additionally, selling bitcoin is stress-free and simple.

Bitcoin is significantly better than gold because I trust it more than gold, but in goal, you must see the purchasers carry the gold and sell, which is quite stressful.

[AmoreJaz]

Because they are not the same, you cannot compare them. Gold is a real object, whereas bitcoin is a digital cryptocurrency. Only the wealthy have access to gold; otherwise, there is no reason why you would buy gold to keep as an asset when you are scrambling to get food. On the other hand, bitcoin is easy to get and can be used and started at any price that many individuals, especially young people, can afford. Like gold, you can even own a bitcoin without anyone knowing about it. People will find out if you own gold, which could put you in risk or leave you feeling unsafe in some areas.Additionally, selling bitcoin is stress-free and simple.

Bitcoin is significantly better than gold because I trust it more than gold, but in goal, you must see the purchasers carry the gold and sell, which is quite stressful.

i don't agree that only wealthy have access to gold though. just like bitcoin, you can buy gold in small amounts, like jewelries and store it. small pieces like gold bracelet, earrings or necklaces. even ordinary people can own such tangible asset. if you have the means, it is better to own both assets, btc and gold. with those gold jewelries, in case of financial need, you can easily pawn your asset with very small amount of interest.

[JeffBrad12]

investment wise bitcoin is better i mean you can see bitcoin going quite literally from just a few dollars to current price its already awesome enough that I don't think something like digital gold could ever get that much increase because if we are talking honestly gold only good to counter the inflation and thats it, it can't make you rich, it might increase your capital a little bit but that if the inflation isn't higher than the capital gain you get from investing in gold meanwhile if its bitcoin, to be frankly speaking, the increase alone is already massive.
the inflation is just miniscule in front of bitcoin massive gain in this decade, therefore its better investment in my opinion, of course someone would argue that digital gold might be safer from the massive volatility but at the end of the day, its depends on someone's choice to invest.

[fuguebtc]

Bitcoin is one of the strongest cryptocurrency and for that matter, it has helped so many people to get financial stability which digital golf might have not achieved so far. I will prefer to hold Bitcoin than anything like digital gold since it might not have the same value with Bitcoin which had been a very good utility project and life challenging opportunity so far. Bitcoin has so many benefits to us than the digital gold ranging from trading, staking, investing etc. Those who had been holding Bitcoin for a very long time cam attest to the huge profits they have made so far.

Actually I don't understand the main point here how bitcoin is better than digital gold because I thought bitcoin was always digital gold. I wouldn't really compare the two because I think Bitcoin is digital gold and as usual what we see is physical gold.
If we see that there is one thing in common between these two sources and that is that both of them are limited. Currently Bitcoin or crypto currency is not legal everywhere and very few people in the world know about it. So in this aspect gold will be ahead of bitcoin at present. But if we think about the future, then as the world of this crypto currency is spreading, very soon in the future investment in Bitcoin will be more spread, in this case, due to the increase in demand, its price will also increase.  And you don't have to face the trouble of physically storing it or physically securing it. And since global conflicts are happening all the time, I think Bitcoin is the best digital gold to build wealth in the virtual world.

Everyone keeps talking about digital gold but I don't know what everyone is talking about, do we have digital gold? and bitcoin is not digital gold? Furthermore, people always say that bitcoin is better than gold, so how is it better? Frankly speaking, people who say bitcoin is better than gold just because they want bitcoin to bring them big profits, and have no second reason. If bitcoin becomes stable and no longer volatile to generate large returns, gold becomes volatile and generates large profits, will people still continue to hold the view that bitcoin is better than gold?

[DrBeer]

Bombshell effect: $4.5 trillion asset manager Fidelity recommends 43 million clients invest in bitcoin.
This news has sent shockwaves throughout the cryptocurrency community. Fidelity, which manages $4.5 trillion in assets, has recommended that its 43 million clients consider investing in bitcoin.

Fidelity's report presented accurate data demonstrating bitcoin's unprecedented safety compared to its peers. They noted that in terms of the computing power required to change the consensus of the network, bitcoin far outperforms any other competitors using proof-of-work.

Drawing a parallel to the world of technology, Fidelity compared bitcoin to the Internet's core TCP/IP protocol suite. They emphasized that owning bitcoin can be equated to a stake in the very basic layer of the Internet.

https://www.ixbt.com/live/crypto/effekt-razorvavsheysya-bomby-upravlyayuschaya-aktivami-na-45-trln-kompaniya-fidelity-rekomenduet-43-millionam-klientov-investirovat-v-bitkoin.html

[posi]

investment wise bitcoin is better i mean you can see bitcoin going quite literally from just a few dollars to current price its already awesome enough that I don't think something like digital gold could ever get that much increase because if we are talking honestly gold only good to counter the inflation and thats it, it can't make you rich, it might increase your capital a little bit but that if the inflation isn't higher than the capital gain you get from investing in gold meanwhile if its bitcoin, to be frankly speaking, the increase alone is already massive.
the inflation is just miniscule in front of bitcoin massive gain in this decade, therefore its better investment in my opinion, of course someone would argue that digital gold might be safer from the massive volatility but at the end of the day, its depends on someone's choice to invest.

The higher the profit, the higher the risk, have you thought about that? There is no asset that will give you significant returns without any risk. Gold does not give you huge returns, it does not make you rich but it is considered a safe haven for your assets. Meanwhile, no one dares to confirm what the future of bitcoin will be like, whether it will grow stronger or suddenly disappear. So it's impossible to say bitcoin is better or gold is better. Depending on your needs, if you care about profits then bitcoin will be good for you, but if you need safety for your assets and guaranteed value then gold is the choice.

[icalical]

The connection between gold and bitcoin (BTC) as stores of value is obvious, and the demand for BTC as a digital store of value was a big reason why the cryptocurrency grew in popularity, crypto services provider Matrixport said in a report Monday.
Bitcoin’s market capitalization is $540 billion, equivalent to 10.8% of the market cap of physical financial gold, Matrixport said, adding that gold exchange-traded-funds (ETFs) are valued at $200 billion. Read

I think bigger market cap doesn't necessarily means the asset is better. Bitcoin has bigger market cap than digital gold probably because it's easier to buy. And I don't get it when someone said some asset is better than the other, what was the factors? Does it gain more profit, or does it more stable, or more secure.

Moreover I don't find the necessity to compare any assets, since we can own all of them, depends on our needs. Like Bitcoin is good for speculation looking at the history of it's high volatility, while gold is good for storing the value, because it has been proven to be inflation-proof.

[panganib999]

This is just comparing apples to oranges at this point. I don't think there's an innate need for people to choose which one's better cause for one, they are both great stores of value, and two, there's no need for you to compare them cause they cater to different audiences. Bitcoin is for those who wants to protect their asset's value while at the same time earn profits at the same time, digital gold is for those who want to just protect their money, are not eager to be inconvenienced with holding gold bars under their floorboards, and are too scared to take the plunge in the bitcoin train. You can't really say for sure which one is better just cause one's more profitable than the other. Sometimes profit is not as essential as the peace of mind that stability would provide. let that sink in.

[wxa7115]

This is just comparing apples to oranges at this point. I don't think there's an innate need for people to choose which one's better cause for one, they are both great stores of value, and two, there's no need for you to compare them cause they cater to different audiences. Bitcoin is for those who wants to protect their asset's value while at the same time earn profits at the same time, digital gold is for those who want to just protect their money, are not eager to be inconvenienced with holding gold bars under their floorboards, and are too scared to take the plunge in the bitcoin train. You can't really say for sure which one is better just cause one's more profitable than the other. Sometimes profit is not as essential as the peace of mind that stability would provide. let that sink in.

I would agree with you if this was a gold vs bitcoin debate, but when it comes to bitcoin vs digital gold this is a no contest, bitcoin wins it easily, since there is not such a thing as digital gold and the only asset which is close is in fact bitcoin.

If you want gold then you need to have the physical asset, either coins, gold bars or jewelry, by relying on a digital or a paper form of gold you are trusting that whoever emitted that digital gold will keep as much of it on their vaults as promised, and we know how reliable those promises really are, so if someone has to pick between the two they need to pick bitcoin as it is the best out of the two by a mile.

[letteredhub]

Actually gold is a consider more precious than anything from past therefore nothing can take place of it. I agreed that bitcoin is also providing passive income to lots of people but popularity of gold is more than bitcoin.

I'd argue that if bitcoin was around as long as gold it would be much more popular.
We really can't compare these things if people used one of them as money and store of value for centuries an and the other one is known for less than 15 years.

The skeptism a whole lot of people have towards bitcoin when compared to gold is that the digital asset hasn't been here for a long time as gold has served in decades as a measure of wealth. If you seek my opinion I will say bitcoin is still in it's testing stage for many people unlike gold, and that's we have more people that can conveniently settle for gold without giving a fuck about uncertainty because of the trust it has built for itself over decades to centuries and bitcoin is just getting started so I don't blame when people preferably give gold the preference they do when comparing it with bitcoin and for BTC to earn it despite the value it has possessed within a decade it gonna take many decades more.

[mindrust]

You can always own both bitcoin and gold (digital or physical). It doesn’t have to be one or another. Bitcoin is better than gold in many situations but that doesn’t mean gold is completely outdated. Gold is great too. First of all gold has multiple thousand years of history backing it. Btc’s history is only about a decade and a half long. This means a lot to many people. In a world where everything changes so fast, gold managed to stay same and it has been relevant to this day. I favor both and I own both. I don’t see gold becoming a useless asset in the future because it has an intrinsic value just like any other commodity. (Like rice, coffee, copper, wheat etc)

[wajik-tempe]

You can always own both bitcoin and gold (digital or physical). It doesn’t have to be one or another. Bitcoin is better than gold in many situations but that doesn’t mean gold is completely outdated. Gold is great too. First of all gold has multiple thousand years of history backing it. Btc’s history is only about a decade and a half long. This means a lot to many people. In a world where everything changes so fast, gold managed to stay same and it has been relevant to this day. I favor both and I own both. I don’t see gold becoming a useless asset in the future because it has an intrinsic value just like any other commodity. (Like rice, coffee, copper, wheat etc)

yes, gold has a sense of security due to its physical character and historical significance. When compared to bitcoin, each has unique qualities that appeal to different sorts of investors. The limited quantity of 21 million coins generates a deflationary feature that appeals to individuals who crave scarcity. but at the end, diversification and understanding the strengths of each asset can be a prudent approach to managing one's portfolio.

[DrBeer]

The connection between gold and bitcoin (BTC) as stores of value is obvious, and the demand for BTC as a digital store of value was a big reason why the cryptocurrency grew in popularity, crypto services provider Matrixport said in a report Monday.
Bitcoin’s market capitalization is $540 billion, equivalent to 10.8% of the market cap of physical financial gold, Matrixport said, adding that gold exchange-traded-funds (ETFs) are valued at $200 billion. Read

I think I am not the first to mention the word "diversification of investments". I would not invest in one asset, there are always alternatives, there are always risks. Therefore, the answer is simple - yes, both assets can be considered investment attractive, but to reduce risks it is better to invest partially in both assets

[naira]

Bitcoin is one of the strongest cryptocurrency and for that matter, it has helped so many people to get financial stability which digital golf might have not achieved so far. I will prefer to hold Bitcoin than anything like digital gold since it might not have the same value with Bitcoin which had been a very good utility project and life challenging opportunity so far. Bitcoin has so many benefits to us than the digital gold ranging from trading, staking, investing etc. Those who had been holding Bitcoin for a very long time cam attest to the huge profits they have made so far.

Actually I don't understand the main point here how bitcoin is better than digital gold because I thought bitcoin was always digital gold. I wouldn't really compare the two because I think Bitcoin is digital gold and as usual what we see is physical gold.
If we see that there is one thing in common between these two sources and that is that both of them are limited. Currently Bitcoin or crypto currency is not legal everywhere and very few people in the world know about it. So in this aspect gold will be ahead of bitcoin at present. But if we think about the future, then as the world of this crypto currency is spreading, very soon in the future investment in Bitcoin will be more spread, in this case, due to the increase in demand, its price will also increase.  And you don't have to face the trouble of physically storing it or physically securing it. And since global conflicts are happening all the time, I think Bitcoin is the best digital gold to build wealth in the virtual world.

The presence of Bitcoin is a balancing option to gold but that does not mean that the position is equalized. Regardless of its value and function, gold is still gold that has been around for a long time. Bitcoin has become a new breakthrough in the digital industry and has even become the main one and I don't think gold can do that even though the government has made a similarity to make gold digital, the value of which is questionable.

So as far as I understand gold must remain physical and a balance for the digital sector, of course only Bitcoin has a truly final supply at 21 million. Although currently Bitcoin is mostly considered a community asset whose existence is recognized by some communities. When an institution enters or indeed there are some countries that welcome Bitcoin, it is still a community asset because it is not a benchmark for agreement between all parties, especially in this case the world as a whole. However, even though Bitcoin is a community asset, it is now more promising as a store of value in which the holder has sole rights, and cannot be contaminated by third parties.

[Dr.Osh]

You can always own both bitcoin and gold (digital or physical). It doesn’t have to be one or another. Bitcoin is better than gold in many situations but that doesn’t mean gold is completely outdated. Gold is great too. First of all gold has multiple thousand years of history backing it. Btc’s history is only about a decade and a half long. This means a lot to many people. In a world where everything changes so fast, gold managed to stay same and it has been relevant to this day. I favor both and I own both. I don’t see gold becoming a useless asset in the future because it has an intrinsic value just like any other commodity. (Like rice, coffee, copper, wheat etc)

Well, that's the best. If you think that both are good investments, then having both is a very good thing. Apart from that, bitcoin and gold also have their respective advantages and disadvantages. However, still having both is the best thing compared to comparing and choosing one of them. If someone's goal is to invest, then he will definitely think that keeping everything in 1 basket will have risks, so choosing more than 1 type of investment is the way out for that. In addition, the bitcoin and gold communities are almost the same size and easy to liquidate, so having both will not make us confused. We just need good management for that.

[Yeakubali66]

Gold and Bitcoin, two distinct stores of value, intertwined in the modern financial landscape. Bitcoin's meteoric rise as a digital asset speaks to its growing significance, with a market cap now rivaling physical gold. A fascinating convergence of traditional and digital wealth.

[Baofeng]

The connection between gold and bitcoin (BTC) as stores of value is obvious, and the demand for BTC as a digital store of value was a big reason why the cryptocurrency grew in popularity, crypto services provider Matrixport said in a report Monday.
Bitcoin’s market capitalization is $540 billion, equivalent to 10.8% of the market cap of physical financial gold, Matrixport said, adding that gold exchange-traded-funds (ETFs) are valued at $200 billion. Read

I think I am not the first to mention the word "diversification of investments". I would not invest in one asset, there are always alternatives, there are always risks. Therefore, the answer is simple - yes, both assets can be considered investment attractive, but to reduce risks it is better to invest partially in both assets

Yes, as we mature, we learned about diversification. We are not talking about investing in altcoin or any other crypto if we have Bitcoin already. What we mean is to diversify our portfolio with different assets, golds, or any other previous metals. And then we could have a piece of land, or a property that can be turn into like a house.

So in any case that your other investments didn't return as expected, you still have others in those other basket of yours.

At least you have multiple sources of your income and money is going to come no matter what.