Bitcoin Is Better Than Digital Gold

[summonerrk]

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

The value of bitcoin is difficult to overestimate, because it is a breakthrough of its time. But the fact is that the recent ordinals protocol has shown how weak bitcoin is and how much it needs to evolve to modern alikoins with high speed. In a word, this blockchain is outdated, but nevertheless, I believe that bitcoin will always be relevant even after many years, as the first cryptocurrency.
Like a rarity.

I want to add that I always have a certain percentage of bitcoin in my portfolio, and I believe that everyone should have it.

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[MFahad]

Even if we compare these two assets thousands of times, gold is still the asset that the whole world trusts and uses, while bitcoin is a fairly new asset and is considered riskier. I also don't understand why so many people like to compare these two assets when no one forces us to choose just one of them. Why don't we choose both and diversify our assets? Or choose according to each person's needs.

OP, if bitcoin is truly better than gold, why do thousands of billionaires, millionaires, rich people and all governments accumulate and hold instead of bitcoin? We can compare, but let's be realistic because both have their own advantages and disadvantages.

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.

This is also true that everyone can think for himself better so we should not compare one thing with other because some will have gain benefit from gold while other will find bitcoin as more beneficial asset therefore its your own choice to select one of these or both. Nothing is bad to select both these asset for investment and I will say that people share their views because the thing which they feel better and profitable then they prefer that thing.

Remember that gold has its own place and nothing can replace it but it depends on a person to choose it or not but the fact is that both are beneficial and we cannot think negatively about any one of them

[Unbunplease]

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

[ndutndut]

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

It cannot be denied that the increase in the value of bitcoin and gold assets has given rise to a long debate regarding which is better as a storage and hedge. But for me Bitcoin is the best for now.

Gold is not liquid! It's a hassle to sell gold and waste time sending it back for money. If I wanted, I could sell or transfer Bitcoins in minutes across the country or around the world! Bitcoin is better than holding gold.

[batang_bitcoin]

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

Both has their pros and cons and whatever works for you perfectly choose it. But majority of us here would agree that having both is like having the best investment of all time and the best investment of the future.
So, having it combined will give you the advantage that you won't miss beacuse you're owning the best of the best. Still if I have to choose, no doubt that I'll choose bitcoin than gold.

[Captain Corporate]

This is exactly why I believe that bitcoin can be 500k per coin. It deserves to be around those levels to provide some sort of leverage against gold. Gold is something physical, even though a lot of people use it digitally to move money around, its still gold and something physical and you are just changing something physical digitally, yet the item itself doesn't change shape. Bitcoin has always been digital, its never physical, you can still print it on paper if you really want to, but to spend it you need to cash it out online, so its always digital. When you can spend bitcoin to buy something online, you can't do that with gold and that difference is GIGANTIC and people should respect how bitcoin could be bigger one day.

[gunhell16]

This is exactly why I believe that bitcoin can be 500k per coin. It deserves to be around those levels to provide some sort of leverage against gold. Gold is something physical, even though a lot of people use it digitally to move money around, its still gold and something physical and you are just changing something physical digitally, yet the item itself doesn't change shape. Bitcoin has always been digital, its never physical, you can still print it on paper if you really want to, but to spend it you need to cash it out online, so its always digital. When you can spend bitcoin to buy something online, you can't do that with gold and that difference is GIGANTIC and people should respect how bitcoin could be bigger one day.

We all want and hope that Bitcoin will be like that in the future, but the question is, when will that happen? Will we still be alive when that happens or not? Then, if that happens, will we have some bitcoin to save that we can bequeath to our loved ones?

Then another thing, even though I would choose Bitcoin over gold, is digital. It's really far from Bitcoin; digital gold is far behind in terms of benefits; and when it comes to opportunity, digital gold is also far from Bitcoin. It wouldn't matter if I could touch the gold myself, but it's not like that because it's digital.

[laurenB7742]

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 but that doesn't apply to everyone because not everyone believes in Bitcoin's future will make them profit.

Everyone has different preferences so that's why I don't force anyone to invest in bitcoin or criticize someone if they stay loyal to gold and ignore bitcoin. Everyone has different views on life and investing, we should not impose our thoughts on others. Investing is to make profits so we will only look at the results to evaluate that person, no matter where they invest but if they have better profits than us then we are not qualified to criticize or teach them what to do. I find it quite funny that many bitcoin investors always criticize people who invest in gold and real estate, but they don't think that people who invest in gold and real estate are dozens of times richer than us. 

[Ayers]

This is exactly why I believe that bitcoin can be 500k per coin. It deserves to be around those levels to provide some sort of leverage against gold. Gold is something physical, even though a lot of people use it digitally to move money around, its still gold and something physical and you are just changing something physical digitally, yet the item itself doesn't change shape. Bitcoin has always been digital, its never physical, you can still print it on paper if you really want to, but to spend it you need to cash it out online, so its always digital. When you can spend bitcoin to buy something online, you can't do that with gold and that difference is GIGANTIC and people should respect how bitcoin could be bigger one day.

We all want and hope that Bitcoin will be like that in the future, but the question is, when will that happen? Will we still be alive when that happens or not? Then, if that happens, will we have some bitcoin to save that we can bequeath to our loved ones?

Then another thing, even though I would choose Bitcoin over gold, is digital. It's really far from Bitcoin; digital gold is far behind in terms of benefits; and when it comes to opportunity, digital gold is also far from Bitcoin. It wouldn't matter if I could touch the gold myself, but it's not like that because it's digital.

You guys confuse me, what is digital gold? As far as I know, we only have physical gold, not digital gold, what are they? Furthermore, people also call bitcoin digital gold, meaning bitcoin will be as scarce and valuable as gold but in digital form. I have never heard of any asset being digital gold. If you are talking about the forex market and the XAU trading pair represents gold in the forex market then I would not consider it digital gold. We only have one gold asset, which is physical gold.

[Don Pedro Dinero]

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

Well, I would say that the main advantage for retail investors is that you don't have to pay a premium to buy low amounts. Practical advantage, I mean. When you look at the price of gold, that price is based on buying a tonne. When you buy a kilo, an ounce or a few grams, you always pay more than the price you see online. Obviously, the lower the weight of the gold you buy, the higher the premium. This does not happen with bitcoin, although in times of high fees, making low value transactions, the fees can be an important part of the transaction but nothing to do with the premium for gold.

[Out of mind]

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.

We believe that both gold and bitcoin are well-liked investments in today's world. And people who are currently involved in cryptocurrency will always choose Bitcoin as their medium of choice for investment. People invest more in gold than bitcoin because it has no risk, but investing in bitcoin is risky because people are afraid to invest in BTC because market volatility can start anytime. But investing in Bitcoin can earn a lot of money which is not possible to earn so much by investing in gold. Because in today's world, this digital currency is a store of value due to which people are able to change their future and life with Bitcoin. Moreover, most people prefer the natural and tangible for which gold is invested, but those who are into cryptocurrencies trust Bitcoin more. Those of us who are with Bitcoin will definitely invest it in BTC if we get money to invest, because we prefer Bitcoin to gold.

[Lorence.xD]

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.

We believe that both gold and bitcoin are well-liked investments in today's world. And people who are currently involved in cryptocurrency will always choose Bitcoin as their medium of choice for investment. People invest more in gold than bitcoin because it has no risk, but investing in bitcoin is risky because people are afraid to invest in BTC because market volatility can start anytime. But investing in Bitcoin can earn a lot of money which is not possible to earn so much by investing in gold. Because in today's world, this digital currency is a store of value due to which people are able to change their future and life with Bitcoin. Moreover, most people prefer the natural and tangible for which gold is invested, but those who are into cryptocurrencies trust Bitcoin more. Those of us who are with Bitcoin will definitely invest it in BTC if we get money to invest, because we prefer Bitcoin to gold.

Plus people are much aware of and acknowledge gold since we were already investing in gold in the past, which we still do in the current era. Bitcoin and gold are good investments they literally depend on the person's preferability and suitability of their knowledge as well as their skills. Keep in mind that Bitcoin's convenience since it's digital and can do transactions globally and the fact that it is decentralized. Since OP mentioned that gold is digital, if we research it, seems it like related to crypto, in short, it's like you are doing an investment similar to Bitcoin. The things that differ between the two the volatility and stability, well both actually rely on supply and demand, but Bitcoin is much more volatile people can take advantage of it and get profit, while gold is like to avoid inflation and would take months or years to increase it's value depends on the market where we can observe in Bitcoin but volatility included.

[Jawhead999]

Holding a digital gold isn't giving you full ownership because you need to trust the centralized party, so I don't think digital gold can be used to compare with Bitcoin which give you full ownership.

I think the best gold is a physical version where you don't need to worry whether you're really have gold or not, although you need to make sure you're hold it in the safest place.

[RockBell]

Even if we compare these two assets thousands of times, gold is still the asset that the whole world trusts and uses, while bitcoin is a fairly new asset and is considered riskier. I also don't understand why so many people like to compare these two assets when no one forces us to choose just one of them. Why don't we choose both and diversify our assets? Or choose according to each person's needs.

OP, if bitcoin is truly better than gold, why do thousands of billionaires, millionaires, rich people and all governments accumulate and hold instead of bitcoin? We can compare, but let's be realistic because both have their own advantages and disadvantages.

Gold has been around for centuries and has been used as a symbol of prosperity in the past. If you have gold, you obviously have money. Gold has won people's confidence. Bitcoin only started around 2009, and people are just starting to accept it. There are people in some areas who don't know about Bitcoin but know about gold. When it comes to risk, bitcoin is riskier than gold because anything that is connected to the internet is vulnerable to risk. It is not even about forcing somebody to pick, but having something concrete, such as gold, is beneficial for now, I think both are good but gold is safer you can have both Bitcoin and gold.

i have also seen how merchants who enjoy in gold business are doing well because of its recognition and value I actually learned a lot from this topic the importance of having something physical as an asset a very good insight.

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.

This is also true that everyone can think for himself better so we should not compare one thing with other because some will have gain benefit from gold while other will find bitcoin as more beneficial asset therefore its your own choice to select one of these or both. Nothing is bad to select both these asset for investment and I will say that people share their views because the thing which they feel better and profitable then they prefer that thing.

Remember that gold has its own place and nothing can replace it but it depends on a person to choose it or not but the fact is that both are beneficial and we cannot think negatively about any one of them

Gold is a wonderful asset, and its significance in finance is obvious. The nature of Bitcoin is that it has an unstable price and everyone will do what will benefit them if you want to go for Bitcoin it is good and if you want to go for gold it is better that is what I stated the option of what you invest in is in the person's hands, because people have benefitted from both. and I have experienced the benefits of Bitcoin, as well as the fact that having something solid as an asset is also gold as I said earlier I will still go for gold as having a physical asset and then still have my Bitcoin not to lose out of the game.

[cozytrade]

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

Although there are many differences between gold and bitcoin, they are very valuable. At present, if we can hold bitcoin alongside gold, it is very profitable for us and can bring us a lot of profit. Bitcoin price is going to be close to the price of gold. Both bitcoin and gold are valuable to me.  Wealth I think. So I am thinking of investing my money in them.

[davis196]

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

What connection? Both Bitcoin and Gold can be viewed as a store of value, but that doesn't make them connected.
Bitcoin value has grown over the years not because Bitcoin is a store of value, but because Bitcoin is a speculative asset. Gold isn't a speculative asset. The Gold investors don't buy gold because they expect that the Gold price is going to hit absurd levels. They buy gold in order to protect the value of their capital from various risks(inflation and market crashes). That's why gold was called a "safe heaven" asset.
 Bitcoin is being bought mostly because everyone is expecting a new bull wave and a new ATH price level.

[Minecache]

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

Although there are many differences between gold and bitcoin, they are very valuable. At present, if we can hold bitcoin alongside gold, it is very profitable for us and can bring us a lot of profit. Bitcoin price is going to be close to the price of gold. Both bitcoin and gold are valuable to me.  Wealth I think. So I am thinking of investing my money in them.

Gold is stable and the price is not too volatile so I would not consider investing in gold to bring in big profits. As Davis196 mentioned, people own gold to protect their capital value from various risks, no one expects to make huge profits by investing in gold. Meanwhile, bitcoin is an emerging asset with a lot of potential, although the risk will be higher than gold, the profits are also greater than gold. So it will depend on the needs of each investor which one we choose, gold for those who like safety and bitcoin for big profits.
I would choose bitcoin over diversifying with gold because I am willing to take risks for big profits.

[AicecreaME]

For me bitcoin is a lowkey investment that gives you a higher profit than gold in the long run.
Bitcoin is not that hard to keep rather than gold which could be stolen if you're not going to hide it somewhere in your house safe in a vault. Bitcoin is also easier to get than gold, less hassle for me as long as you know the process of buying, and of course as well as storing it.

[KiaKia]

There is nothing called digital gold and the only thing close to this is Bitcoin, I think it's better your fix your topic, because gold is physical in nature because we found them deep in the ground and seas, but we can't find Bitcoin the same way, because Bitcoin survives on the internet, this makes it suited to be called a digital gold.

I prefer to be in gold and Bitcoin because we can't deny that gold is one of the most valuable metals in the world and it existed even before Bitcoin, the market cap of gold is way bigger than Bitcoin but I doubt the result would be the same today if gold and Bitcoin existed from the beginning of time,  maybe Bitcoin would beat gold? But that's not possible anyway since Satoshi isn't an angel or a god.

I could remember some time ago when new projects coming up in the crypto space using real gold to receive investors, telling them that their company is backed by real gold and some claimed to have digital gold backed by real gold, I don't see any of these projects standing today, they all fade away.

[traderethereum]

However, if you discuss with most people out there, they will choose gold as a store of value rather than bitcoin because they have been using it for a long time and even their parents also recommend the same thing.
And to buy gold, there is a minimum weight limit so people have to save their money first before they can buy gold.
If they want to buy bitcoin, they don't need to save a lot of money first to buy it on an exchange or other place.
And we should not compare bitcoin and gold because they are two different things even though they have the same similarity, namely as a store of value.