What are the pros and cons of gold compared to bitcoin?

[kryptqnick]

I think I largely agree with what the op is suggesting. Gold is indeed highly recognizable, it's physical and shiny, so there isn't much need to explain why it's valuable. It also has a historical advantage of being a valuable part of human culture for thousands of years. Bitcoin is intangible, which makes it easier to store and is partially why it can't be faked, but that also means that to a lot of people it's non-existent because they can't hold it in their hands or understand why some people are willing to pay so much fiat ('real money') for it. But while gold isn't normally used as a currency anymore, Bitcoin is both an asset and a currency. You can exchange it for goods and services if you go to places that accept it. That gives it more usability, which is an advantage over gold.

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[shield132]

Why are gold and bitcoin both valuable?

Easy answer: rarity.

Gold is rare and not everyone can just extract it from the earth hence the explanation for its expensive price. Just like in bitcoin, it only has limited supply. Low supply and high demand results in high prices.

Another con I can think of gold is that even though it might never lose its value, you won’t really be able to receive profits from it unless you actually sell it. It’s not gonna earn you passive income which is pretty much the same for bitcoin. In order to gain profit, you need to sell your asset. The difference is that buying/selling gold would be much harder to do compared to buying/selling bitcoin.

Bitcoin is accessible and easily traded which adds to our convenience. You also don’t have to worry about physical storage unlike gold because it is stored digitally or in a hard wallet.

Gold is not only rare but it's a real-world thing. Gold has unique properties, it has limited supply, it's attractive in colour, it's shiny, non-oxidizable metal, and a master can make any kind of jewellery from Gold. It has been the standard for centuries (you will often hear the word Gold Standard), the standard of money, global financial reserve and etc.
Bitcoin is a virtual thing but we have to keep in mind that gold is used in smartphones, computers (CPU), chips... So, without Gold, there would be no Bitcoin. Btw bitcoin is the gold of the digital world, it's unique capabilities make it a very attractive choice of investment and payment method but has some disadvantages, it's not a good option for flexibility and massive usage because many people have no idea what Bitcoin is and too many people don't know how to properly buy, sell and store it.

[harapan]

I would rather speak about both Bitcoin and Gold as I believe both should be a part of your portfolio for better balance. Diversification is the key of a healthy portfolio. So I always consider keeping gold in my portfolio for capital protection. Bitcoin is a very volatile assets and it is highly risky. So adding gold in your portfolio gives it a nice balance of capital protection because gold is not volatile. I always prefer paper gold to avoid making charges.

So instead of comparing gold with Bitcoin, adopt both of them. Both assets are valued based on rarity. Bitcoin has a fixed number and gold supply is also slowly depleting. If you are really serious about your investment, you must not ignore gold and should also include Silver in your portfolio of investment.

Both assets are valuable In their various ways,Gold and bitcoin offers different benefits and advantages.We all know that Gold and bitcoin are very productive in terms of investment choices,so I wouldn't want to recommend the comparison that exist between them.Instead of the comparison,check,consider and utilize any of them depending on your financial goals.

Both Gold and bitcoin have a role to play in the financial markets,each of them comes with its advantage and disadvantages,preferably either of them that suits your decision to acquire and achieve.
Basically,I like both Gold and bitcoin;both are relatively scarce,and they prevent people against fait currency manipulations.

[chenczane]

I would rather speak about both Bitcoin and Gold as I believe both should be a part of your portfolio for better balance. Diversification is the key of a healthy portfolio. So I always consider keeping gold in my portfolio for capital protection. Bitcoin is a very volatile assets and it is highly risky. So adding gold in your portfolio gives it a nice balance of capital protection because gold is not volatile. I always prefer paper gold to avoid making charges.

So instead of comparing gold with Bitcoin, adopt both of them. Both assets are valued based on rarity. Bitcoin has a fixed number and gold supply is also slowly depleting. If you are really serious about your investment, you must not ignore gold and should also include Silver in your portfolio of investment.

Both assets are valuable In their various ways,Gold and bitcoin offers different benefits and advantages.We all know that Gold and bitcoin are very productive in terms of investment choices,so I wouldn't want to recommend the comparison that exist between them.Instead of the comparison,check,consider and utilize any of them depending on your financial goals.

Both Gold and bitcoin have a role to play in the financial markets,each of them comes with its advantage and disadvantages,preferably either of them that suits your decision to acquire and achieve.
Basically,I like both Gold and bitcoin;both are relatively scarce,and they prevent people against fait currency manipulations.

Indeed! Both have different role, they are both vital in the world of market. For me, the advantage of gold is that you can touch it, feel it, and see it. Unlike the Bitcoin, you can't hold it, see it, or touch it. Both value is rising so there's no loss investing in both .

Also, in case of emergency if you have gold and you need a cash you can pawn it anytime and that is it, sweet cash. Just like the old man says, "Cash is King"

[Benedictare]

      The digital scarcity of Bitcoin makes it worthy and always praised and because it is digital ,it is not influenced or affected to physical wear and tear.

   As we all know Bitcoin is young and not tested and shown to be good as an investment , but speculators in cryptocurrency are using it as store of value also as a limit against correction and recessions.


   Gold is scarce too,but it's total supply can change value frequently because of mining activities and it's very durable which does not gradually destroy or get weakened or degrade over time. For long, Gold has been an asset that keeps value over a long period of time and used as limit against market downturns .

   The reason why Bitcoin is better than gold is because of its operation on decentralized network, which makes sure that no single entity can control or manipulate the currency , which gives it an edge over gold and free from government and centralized authorities.

[nakamura12]

Gold can be used to make a jewelry which you can wear unlike bitcoin which can't be use to make jewelry. If it's mobility that we are talking about then it is pro for bitcoin since it's digital and weightless compared to gold. Also both are rare as others have said which makes it more valuable although lost bitcoin cannot be recovered which is it's con if you put it like that but for me lost bitcoin will only make it's supply less and the more it's price increase due to demand. For gold, if ever you lost the gold then there's a chance that you will find it or someone will find it. Another pro for bitcoin is being volatile.

[Youngkhngdiddy]

  When it comes to investing in precious metals, it's not about whether you should or shouldn't—it's about whether it's the right choice for your investment strategy, risk tolerance, and financial goals. Diverse investment portfolios often shine the brightest, balancing out risk and reward. If you're in Portland like me, it might be worth taking the same approach we take to our weather: If you don't like the current conditions, just wait a little while, things might change. The same patience and adaptability can be wise for managing your investments. The advantage of owning gold as a form of savings is that it cannot be devalued by a person or group, since it isn’t “issued” by anyone. Fiat currencies (the U.S. dollar, British pound, euro, etc.) are created out of thin air by central banks. As long as the economy grows as fast as the supply of these currencies, they will continue to hold their value. However, governments always try to keep these currencies falling in value by about 2% a year as measured by the government’s inflation index. This means that if you hold currency as savings, you essentially have a guarantee that your savings will fall in value by about 2% a year. This isn’t a very good deal, so many people buy gold to avoid this 2% per year depreciation.
  The disadvantage to buying gold is that it usually doesn’t pay a yield. If you hold cash in a bank account, the bank usually pays you an interest rate. If this interest-rate is higher than the rate of inflation, then it might make sense to hold cash instead of gold, since you still end up ahead even after accounting for the depreciation of the currency. If cash in a bank account doesn’t pay a high enough yield, another option is to invest in government bonds (especially long-term 0nes), corporate bonds, or even stocks. These instruments have higher yields. So if a savings account pays less than the rate of inflation (as it does today), you may be able to get around this problem by investing in bonds or stocks.

[Jawhead999]

Also, in case of emergency if you have gold and you need a cash you can pawn it anytime and that is it, sweet cash. Just like the old man says, "Cash is King"

Look, Bitcoin is a currency, it don't have to converted to fiat in order to use it, you can just spend it directly.

Bitcoin > Gold.

In terms of investing, BTC should be invested first, then land.Then comes the topic of investing in gold.

If people follow your advice, gold won't reach $2K/oz and have $15T market cap because most people can't even buy land due to it's surge ridiculously high. The most affordable to buy is Bitcoin because you can buy as low as 294 satoshis/$0.2 while gold you need to buy at least 1 gram/$70.

[boty]

Gold can be used to make a jewelry which you can wear unlike bitcoin which can't be use to make jewelry. If it's mobility that we are talking about then it is pro for bitcoin since it's digital and weightless compared to gold. Also both are rare as others have said which makes it more valuable although lost bitcoin cannot be recovered which is it's con if you put it like that but for me lost bitcoin will only make it's supply less and the more it's price increase due to demand. For gold, if ever you lost the gold then there's a chance that you will find it or someone will find it. Another pro for bitcoin is being volatile.

Both of these things have their own advantages and disadvantages and if someone can use these two things as investments of course this will be able to bring profits to them, but these two things have different ways to make profits and for some people who like Bitcoin of course they will be able to make profits from Bitcoin and for those who like gold of course there are those who like it as jewelry as you said and there are also those who keep it as an investment.

Because when someone loses their Bitcoin and it cannot be recovered, of course it would be better for someone who wants to invest their Bitcoin to carefully guard the keys to their wallet so as not to lose the assets they have.

[EarnOnVictor]

Gold can be used to make a jewelry which you can wear unlike bitcoin which can't be use to make jewelry. If it's mobility that we are talking about then it is pro for bitcoin since it's digital and weightless compared to gold. Also both are rare as others have said which makes it more valuable although lost bitcoin cannot be recovered which is it's con if you put it like that but for me lost bitcoin will only make it's supply less and the more it's price increase due to demand. For gold, if ever you lost the gold then there's a chance that you will find it or someone will find it. Another pro for bitcoin is being volatile.

I agree with some of what you said here but you might have made mistakes in some of them. First, you are so right to say of Gold as a physical commodity, no one can take that for granted as a benefit of it than Bitcoin, which is also the main reason why some people do not value Bitcoin to date. Meanwhile, Gold is still functioning as a digital asset in addition, only that it is not being used as much as Bitcoin is used for payments and settlements. Of course, both are valuable since people's money is making those assets to be so. You can imagine Bitcoin is moving closely to $1.3T gradually, while Gold is moving closely to 15.5T, which makes them indeed valuable.

About the scarcity which will bring about the demand and supply you mentioned, I do not think it will affect Gold in any way, though it was planned to help Bitcoin. But for Gold, the demand for it has always been high and that can only explain the high market capitalization it has now. As for the volatility, have you studied Gold? What you just mentioned was what my brother argued with me a while ago too until I explained to him. Gold is a compressed commodity which causes confusion, but when you are trading it, it is more volatile than Bitcoin.

[Belarge]

Gold can be used to make a jewelry which you can wear unlike bitcoin which can't be use to make jewelry. If it's mobility that we are talking about then it is pro for bitcoin since it's digital and weightless compared to gold. Also both are rare as others have said which makes it more valuable although lost bitcoin cannot be recovered which is it's con if you put it like that but for me lost bitcoin will only make it's supply less and the more it's price increase due to demand. For gold, if ever you lost the gold then there's a chance that you will find it or someone will find it. Another pro for bitcoin is being volatile.

The market will always disrupt our plans of earning gigantic profits. Everyone wants what's best for them and they're doing everything to make sure they're winning in the space. Gold is valuable due to the interests it serves to a country and also to man. Gold exists in both the real world and crypto. Its been utilized as jewelries and this have certainly become something to worry about because it's high in price. Bitcoin is digital and have become very volatile in the market. It have become something to worry about.

[Republikcoin.com]

The market will always disrupt our plans of earning gigantic profits. Everyone wants what's best for them and they're doing everything to make sure they're winning in the space. Gold is valuable due to the interests it serves to a country and also to man. Gold exists in both the real world and crypto. Its been utilized as jewelries and this have certainly become something to worry about because it's high in price. Bitcoin is digital and have become very volatile in the market. It have become something to worry about.

It doesn't matter if some people are still quite worried about Bitcoin price fluctuations in the market, but those who are still worried about this must also be aware that Bitcoin is the only digital asset that has no doubt about its potential and future. So we can all still see great prices on Bitcoin through the markets and now I'm also seeing an increase in prices on gold so that makes gold holders quite happy at the moment. However, I also don't know what caused gold to experience such a good price increase from the end of last month until now.