Bitcoin Is Better Than Digital Gold

[tabas]

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

And that only shows that Bitcoin is still not yet on that peak whilst gold was already in there. I don't own gold so I don't have an idea on how huge the market of it and not for now that I'll get into it as I want to be focused first with Bitcoin. But with your title, most people are thinking that Bitcoin is actually the digital gold. So, you can remove that word 'digital' if the thread is all about comparison of Bitcoin and gold. We've got a lot of discussions about it already in the past and since you're in a Bitcoin forum, obviously everyone is going to say good things about Bitcoin and how optimistic we are. The potential of Bitcoin can be seen with that comparison of gold's market cap and itself.

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[Fara Chan]

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

When this becomes more clearly visible and can be felt by many people, new people who don't have Bitcoin and already have gold should be able to take this opportunity as their new choice for storing value and also for making profits. Because Bitcoin is not only suitable for storing the value of everyone's assets, but is also suitable for investment with better profit targets, so this is what differentiates physical gold from Bitcoin on the exchange.

Currently, I am still quite interested in these two assets because in my place physical gold is still seen as a precious metal with a very stable price on the market, which makes everyone still quite confident in storing value in physical gold. But on the other hand, I also like Bitcoin as a very good investment for the long term which is not only suitable for storing value, but also for increasing the value of everyone's assets.

[Lida93]

Government's of the the world have their national reserve in gold not in bitcoin and this delivers an explicit message that the trust gold have earned over the centuries bitcoin do not come close.

Both are valuable assets and have their advantageous features and if I can afford having gold and bitcoin as assets as part of diversified investments I will not hesitate in applying that. Better to take advantage offered from the assets rather than dwelling on their comparison.

I am a bitcoin maximalist but if am to be honest  I can't say with all certainty that bitcoin will still be here in the next 100 years (not until it gets to that time) but not for gold and that's what makes the comparison not worth it. 

[Wend]

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

And that only shows that Bitcoin is still not yet on that peak whilst gold was already in there. I don't own gold so I don't have an idea on how huge the market of it and not for now that I'll get into it as I want to be focused first with Bitcoin. But with your title, most people are thinking that Bitcoin is actually the digital gold. So, you can remove that word 'digital' if the thread is all about comparison of Bitcoin and gold. We've got a lot of discussions about it already in the past and since you're in a Bitcoin forum, obviously everyone is going to say good things about Bitcoin and how optimistic we are. The potential of Bitcoin can be seen with that comparison of gold's market cap and itself.

As far as I know, the total capitalization of the gold market is more than 10 trillion dollars, which is many times larger than the capitalization of bitcoin and even many times larger than the entire cryptocurrency industry. Gold has achieved huge success and those who invested in gold in the early stages also reaped huge profits. Gold has reached its peak and become safe, so when it comes to profitability, gold will appear weaker than new assets like bitcoin. Meanwhile, bitcoin is still very small compared to gold or other traditional assets, so we are willing to accept risks to invest in bitcoin in the hope of gaining huge profits from it.

[iv4n]

Government's of the the world have their national reserve in gold not in bitcoin and this delivers an explicit message that the trust gold have earned over the centuries bitcoin do not come close...

Well, we know how hard can be to store and hold gold. And if you let the "third party" do that for you, then you are at their mercy. One day they can just say "fuck-off" and not let you use your gold, I think we already have examples of that around the world. That can't happen with your Bitcoins, if you remember "12 words" you are the only one who has control over your funds.

I guess that "trust in gold" is dying slowly, it's like some "glory from the old days"... I am not into gold and I don't care about it at all, and I will say that new generations are more into digital things, and they know that "freedom" is not "freedom" if someone can control everything you do with your money, read banks and regulations.

[Lida93]

Government's of the the world have their national reserve in gold not in bitcoin and this delivers an explicit message that the trust gold have earned over the centuries bitcoin do not come close...

Well, we know how hard can be to store and hold gold. And if you let the "third party" do that for you, then you are at their mercy. One day they can just say "fuck-off" and not let you use your gold, I think we already have examples of that around the world. That can't happen with your Bitcoins, if you remember "12 words" you are the only one who has control over your funds.

I guess that "trust in gold" is dying slowly, it's like some "glory from the old days"... I am not into gold and I don't care about it at all, and I will say that new generations are more into digital things, and they know that "freedom" is not "freedom" if someone can control everything you do with your money, read banks and regulations.

I am more particular with diversification of investment about the two assets bitcoin and gold. Let's keep sentiment aside, a good businessman won't go all digital with his investment he/she will also diversify into real life tangible assets like gold or real estate no matter how conventional digital assets like bitcoin is taking a center stage at the moment. When we diversify investments we reduce our risks.

I don't know how you mean by the trust in gold is dieing as long as I know there are still innumerable investors that still holding on to gold as part of their investment portfolio's. For the fact that we're going digital wouldn't make gold worthless and except you planned on having a fleet of gold bars that's when you might have difficulty in storing, therefore handing it over to a third-party custody becomes your next line of action.

[Rupok]

Bitcoin will be more preferred than gold among investors.  For those who don't know about BTC, gold would be better.  Investing in bitcoins does not require a large amount of money. However, bitcoins can be lost easily and have risks, but gold is safer.  Although Bitcoin and gold are both investments and both have their uses.  Among those who do not like to take risk, many people think of investing in gold, because there is no risk involved in investing in gold.

[DVlog]

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

BTC became a store of value because of its ability to fight inflation. Gold can do the same thing but its price is not as volatile as bitcoin which makes it less profitable than bitcoin historically. If it was better than gold then why don't all the gold investors come to bitcoin right away? Bitcoin gives the world the impression that in every bull cycle it gives multiple X profits which gold doesn't. So those who believe it will do the same in the future and invest in bitcoin. Also bitcoin can work as a store of value so it's a double game for them. Bitcoin is performing better than gold so as long as it can continue doing that i have no problem keeping my savings in bitcoin. 

[bayu7adi]

I haven't gained confidence in the existence of digital gold. While some services claim that digital gold represents real gold, I find it hard to believe. In some cases, digital gold is merely a numerical representation and may not be physically connected because most companies managing such investments are centralized. It's not inconceivable that the money used to purchase digital gold could be used by brokers for other investments. It's like having an investment within an investment, and I can't trust that.

If you want to buy gold, buy real gold with official documentation. And if you prefer something less tangible, Bitcoin is indeed a wiser choice than digital gold. So far, Bitcoin's potential for a bull run during the halving cycle has been rumored, but nothing can guarantee it will actually happen. Such speculations can still go awry. Moreover, no one is obliged to buy Bitcoin.

[_BlackStar]

So far I might be able to compare gold and bitcoin - but only in the context of their performance. Bitcoin has proven itself to be the best performing asset since its introduction to the world - but gold is certainly still unbeatable in terms of adoption and use cases because gold has been around for a long time. I agree that gold is a good hedge to consider - but bitcoin can also be a hedge although its price volatility tends to be greater than gold.

I own gold and also own bitcoin as an investment - but I never considered digital gold as an investment. Physical gold is a better choice in my opinion - but I agree digital gold is not better than bitcoin.

[jeha2015]

Bitcoin has no basis and is empty, while gold has a basis, history and can be accepted as legal tender. It is possible that gold will last forever as a transaction tool, both digital and manual.

So Gold is real money.
Bitcoin is the fake money of the future that will become part of our lives in this century.
When Bitcoin ends. maybe we are no longer in this world (dead).

However, it cannot be denied that gold and Bitcoin are hedging or protecting value from inflation which continues to rise.

[Gaza13]

Bitcoin will be more preferred than gold among investors.  For those who don't know about BTC, gold would be better.  Investing in bitcoins does not require a large amount of money. However, bitcoins can be lost easily and have risks, but gold is safer.  Although Bitcoin and gold are both investments and both have their uses.  Among those who do not like to take risk, many people think of investing in gold, because there is no risk involved in investing in gold.

Yes, if I see that most people prefer gold over bitcoin, according to them gold is much more stable than bitcoin. Usually people don't understand what the concept of Bitcoin is, indeed the price of Bitcoin is very volatile. And it helps most of the people who are afraid to have it. Until now, bitcoin is still a fairly speculative asset compared to gold, in my personal opinion this is actually very normal, because gold has been around for a long time and has managed to survive the crisis, while bitcoin is relatively new and still needs time to be known thoroughly or better. adoption in various aspects of life.

[Antotena]

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

Better is a subjective word, if you bring a representative from Gold to defend gold as an asset and Bitcoin representative to defend bitcoin as an asset, they both going to say a lot to defend what they stand for, they will do so in a way that pros and con of the opposite is what they will say.

From my own perspective, bitcoin is digital and gold is physical, the first one is new money that is fighting to be accepted while the second one is already accepted, I don't know if there is a particular place in the world where gold is rejected or ban, every country use it but bitcoin still fight for acceptance because they gear it's features.

[kingvirtus09]

In terms of digital, I prefer Bitcoin. At the same time, Bitcoin was a proven and tested digital investment that, for 14 years, did not show failure to all long-term investors who believed in it.

Because Bitcoin has proven that for many years that have passed, besides the popularity that has been happening around the world today, its price value has not dropped since it was created in this industry. If you look at just starting at 0.05 or 0.2 dollars each now, it's far from its present value now at 27400 dollars each.

[iv4n]

Government's of the the world have their national reserve in gold not in bitcoin and this delivers an explicit message that the trust gold have earned over the centuries bitcoin do not come close...

Well, we know how hard can be to store and hold gold. And if you let the "third party" do that for you, then you are at their mercy. One day they can just say "fuck-off" and not let you use your gold, I think we already have examples of that around the world. That can't happen with your Bitcoins, if you remember "12 words" you are the only one who has control over your funds.

I guess that "trust in gold" is dying slowly, it's like some "glory from the old days"... I am not into gold and I don't care about it at all, and I will say that new generations are more into digital things, and they know that "freedom" is not "freedom" if someone can control everything you do with your money, read banks and regulations.

I am more particular with diversification of investment about the two assets bitcoin and gold. Let's keep sentiment aside, a good businessman won't go all digital with his investment he/she will also diversify into real life tangible assets like gold or real estate no matter how conventional digital assets like bitcoin is taking a center stage at the moment. When we diversify investments we reduce our risks.

I don't know how you mean by the trust in gold is dieing as long as I know there are still innumerable investors that still holding on to gold as part of their investment portfolio's. For the fact that we're going digital wouldn't make gold worthless and except you planned on having a fleet of gold bars that's when you might have difficulty in storing, therefore handing it over to a third-party custody becomes your next line of action.

OK, I will follow you... did you diversify and do you have investments in crypto and gold? And if you diversified how much you have in crypto and how much you have in gold?

Let's keep sentiment aside and let's be open here... I don't have any gold, but I have some crypto! I chose the side, and I will not diversify in gold or some fiat, I can diversify by owning different coins, and I am doing that. I am not sure why you mention real estate, to get into some you need a big bankroll, many people can just dream about buying one. It's easy to talk, but it's hard to get into it.

So, you can try to sit on two chairs... and that can pay off one day, or not... we will see.

[Mate2237]

That is true. Gold is as old as the world itself. And bitcoin is just 14 years old and that is,it is a still a child who just enter it teenage years. But gold is for the upper class and not for everyone but bitcoin is for the poor and anyone who can use it, can invest in it. I think many people who are investing in bitcoin are also investing in Bitcoin as well. The price of gold cannot influence and convince the pro bitcoin users in the forum and outside the forum.

But authorities prefer gold to bitcoin because they Gold the activities of Gold and can't do the same with bitcoin so they shun bitcoin to gold.

[Lida93]

Government's of the the world have their national reserve in gold not in bitcoin and this delivers an explicit message that the trust gold have earned over the centuries bitcoin do not come close...

Well, we know how hard can be to store and hold gold. And if you let the "third party" do that for you, then you are at their mercy. One day they can just say "fuck-off" and not let you use your gold, I think we already have examples of that around the world. That can't happen with your Bitcoins, if you remember "12 words" you are the only one who has control over your funds.

I guess that "trust in gold" is dying slowly, it's like some "glory from the old days"... I am not into gold and I don't care about it at all, and I will say that new generations are more into digital things, and they know that "freedom" is not "freedom" if someone can control everything you do with your money, read banks and regulations.

I am more particular with diversification of investment about the two assets bitcoin and gold. Let's keep sentiment aside, a good businessman won't go all digital with his investment he/she will also diversify into real life tangible assets like gold or real estate no matter how conventional digital assets like bitcoin is taking a center stage at the moment. When we diversify investments we reduce our risks.

I don't know how you mean by the trust in gold is dieing as long as I know there are still innumerable investors that still holding on to gold as part of their investment portfolio's. For the fact that we're going digital wouldn't make gold worthless and except you planned on having a fleet of gold bars that's when you might have difficulty in storing, therefore handing it over to a third-party custody becomes your next line of action.

OK, I will follow you... did you diversify and do you have investments in crypto and gold? And if you diversified how much you have in crypto and how much you have in gold?

Let's keep sentiment aside and let's be open here... I don't have any gold, but I have some crypto! I chose the side, and I will not diversify in gold or some fiat, I can diversify by owning different coins, and I am doing that. I am not sure why you mention real estate, to get into some you need a big bankroll, many people can just dream about buying one. It's easy to talk, but it's hard to get into it.

So, you can try to sit on two chairs... and that can pay off one day, or not... we will see.

You and I should know better that it will be very wrong of me to bring my private life in public especially as it concerns money. And the rationale is simple "security", it's not safe providing such details and I'll advise you don't do same anywhere just in case.

It is okay you're diversifying in other cryptocurrency other than BTC in expectation that you know what you're doing.  It's better and less risky to sit on two than one.

[Furious 7]

They all have their own markets and targets. Actually, things like this have been discussed several times and indeed the pattern is still the same when we discuss comparisons then it will not be finished to determine which is the best whether gold or bitcoin or other comparisons which I always read in several different threads such as comparisons of Obligation, real estate or crypto.
Things like this if it continues to be compared then it will not get a meeting point because all views are separate and I think everyone has their own freedom to determine which is the best whether it is bitcoin or other investments.
When we are in one investment, for example in bitcoin, it does not mean that other investments such as gold, stocks, Obligation or real estate are bad so there is no need to make any comparisons because discussions like this will never end until whenever.

[GeorgeJohn]

If looked at it from recent comparison bitcoin is more better than gold, because right now bitcoin can be classified as a a store value and its refer as an asset, so therefore bitcoin is an asset and it has more popularity and influence more than gold as you say, I believe that bitcoin is something you may invest on without having that much fear of varnishing, so therefore I believe that bitcoin is still gaining more popularity than gold, and currently people are seeing gold as ancient kind of digital currency and it doesn't yield more value since introduction and adoption of bitcoin.

[tabas]

And that only shows that Bitcoin is still not yet on that peak whilst gold was already in there. I don't own gold so I don't have an idea on how huge the market of it and not for now that I'll get into it as I want to be focused first with Bitcoin. But with your title, most people are thinking that Bitcoin is actually the digital gold. So, you can remove that word 'digital' if the thread is all about comparison of Bitcoin and gold. We've got a lot of discussions about it already in the past and since you're in a Bitcoin forum, obviously everyone is going to say good things about Bitcoin and how optimistic we are. The potential of Bitcoin can be seen with that comparison of gold's market cap and itself.

As far as I know, the total capitalization of the gold market is more than 10 trillion dollars, which is many times larger than the capitalization of bitcoin and even many times larger than the entire cryptocurrency industry. Gold has achieved huge success and those who invested in gold in the early stages also reaped huge profits. Gold has reached its peak and become safe, so when it comes to profitability, gold will appear weaker than new assets like bitcoin.

It's because gold has been there since the ancient times. While Bitcoin has been there just since 2009. There's a huge discrepancy of their existence and that's why the potential of Bitcoin if we're going to compare it with gold is endless.

Meanwhile, bitcoin is still very small compared to gold or other traditional assets, so we are willing to accept risks to invest in bitcoin in the hope of gaining huge profits from it.

For the conservative type of investors, they can choose to have gold and invest at the same time on Bitcoin. But to the ones that are taking more risks and understands more Bitcoin, it's easy what to choose and it's about choosing Bitcoin because we've seen what's on its history and the past cycles are encouraging. And for the experienced investors, we all do know where Bitcoin is heading.