Has BTC really become more attractive than gold?

[adultcrypto]

In terms of investment, BTC has outshined gold and have proven to be a better investment option in all ramifications. BTC is accessible, more profitable as data have shown, requires little capital to start and can be purchased by all income classes. The security is easier and better. On the other hand, buying physical gold is difficult and requires a lot of processes with the risk of falling into scams. Digital gold such as gold bullion also have a lot of risks and processes that not many would want to go into. SO BTC to me have become more attractive than gold.

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[freedomgo]

Well, digitally speaking, my answer is yes, Bitcoin is more attractive than gold. Then, with bitcoin worth 10 dollars, at least you can buy it, but with gold, not in reality. You can't buy gold for $10.

Then the chances are higher that you will get a profit in bitcoin compared to gold, although gold is also a good investment, so most of the community in this field will actually choose bitcoin,
but if they earn a lot in bitcoin, they will be able to buy it. They are now gold as an investment.

Since you are asking us, obviously majority will answer bitcoin. But if we will take this survey into the outside community, I guess majority will chose to invest in gold rather than in bitcoin. Bitcoin is more risky than gold, so for those who have not clear knowledge about bitcoin and would only want to settle to a less risky investment, they would surely prioritize gold. But for those who are risk takers and would want to get out from their comfort zones, they will enjoy and become more challenge to invest in bitcoin rather than sticking with the traditional, quite boring gold.

[Natalim]

Gold remains too popular and is still considered by many people who are not risk-takers. Of course, those who have knowledge about crypto will certainly choose Bitcoin.

In fact, I ask some people in my place, and they never know about Bitcoin at all. It means that many are still innocent and do not know about the existence of Bitcoin. Maybe some people hear about it in the news and read on the internet about scam issues, and turn them off. At this time, Bitcoin has not yet won over gold when it talks about popularity and attractiveness due to scam issues and the strict implementation of the SEC.

[Oasisman]

Well, digitally speaking, my answer is yes, Bitcoin is more attractive than gold. Then, with bitcoin worth 10 dollars, at least you can buy it, but with gold, not in reality. You can't buy gold for $10.

Then the chances are higher that you will get a profit in bitcoin compared to gold, although gold is also a good investment, so most of the community in this field will actually choose bitcoin,
but if they earn a lot in bitcoin, they will be able to buy it. They are now gold as an investment.

Since you are asking us, obviously majority will answer bitcoin. But if we will take this survey into the outside community, I guess majority will chose to invest in gold rather than in bitcoin. Bitcoin is more risky than gold, so for those who have not clear knowledge about bitcoin and would only want to settle to a less risky investment, they would surely prioritize gold. But for those who are risk takers and would want to get out from their comfort zones, they will enjoy and become more challenge to invest in bitcoin rather than sticking with the traditional, quite boring gold.

Can't agree more. If a survey is to be taken outside, more people would actually choose gold,.especially to those who countries who are less familiar with cryptocurrencies. Plus, gold is one of the safest and way lesser volatility than any of the other investments, that you can guarantee to have a much higher value in the future and that could save your fiat's purchasing power from being affected by inflation.
Bitcoin on the other hand bears an ultimate risks, which can also give you way higher returns than gold.
These 2 are actually different type of investments, but I understand why they call bitcoin a digital gold, despite of its risk and high volatility.

[SATWAT]

Gold remains too popular and is still considered by many people who are not risk-takers. Of course, those who have knowledge about crypto will certainly choose Bitcoin.

In fact, I ask some people in my place, and they never know about Bitcoin at all. It means that many are still innocent and do not know about the existence of Bitcoin. Maybe some people hear about it in the news and read on the internet about scam issues, and turn them off. At this time, Bitcoin has not yet won over gold when it talks about popularity and attractiveness due to scam issues and the strict implementation of the SEC.

This is truth as I also have too many discussions about few things related to investment as I can't do direct about bitcoin due to have no information about this all in my area but still peoples love to invest in Gold instead of going for any other option which is risky for them.
In last few months I have talked about this bitcoin with from 50 only 3 or 4 peoples have name of bitcoin with no one know how to use this and is this investment or how to manage things in this all It's far away from adopting just because of this all I have feeling still peoples love to invest in Gold and also its much attractive thing for them.

[nurilham]

In terms of investment, BTC has outshined gold and have proven to be a better investment option in all ramifications. BTC is accessible, more profitable as data have shown, requires little capital to start and can be purchased by all income classes. The security is easier and better. On the other hand, buying physical gold is difficult and requires a lot of processes with the risk of falling into scams. Digital gold such as gold bullion also have a lot of risks and processes that not many would want to go into. SO BTC to me have become more attractive than gold.

If we are talking about the chance to get higher profits, I can agree that Bitcoin is better than Gold. But if we prefer to have stable value of investment, I think Gold is still a better choice. Bitcoin can offer higher profits but it also has a higher risk. However, no investment has no risk, even Gold also has a drop in price. Luckily, there is small chance to have bad news in Gold. It is different with Bitcoin, there are always too many FUDs. It is not very surprising if we suddenly find out FUDs about Bitcoin in any social media or news channels.

Well, I also hope Bitcoin can be more attractive for any one. I see more people have tried to join Bitcoin investment. As long as there is a positive news such as ETF market for Bitcoin, I guess Bitcoin will be a more convincing asset in the future.

[tyz]

• Do you think BTC has become more attractive than gold in the investment sector?

Both assets have their own advantages and disadvantages. BTC is indeed decentralized and easier to transport (for example if you move you can easily store your Bitcoins on a stick), while gold is a more stable and tangible asset. BTCs volatility can make it challenging for some investors, but it also offers the potential for high returns. The choice between the two depends on an individual's investment goals and risk tolerance.

Btw, I miss a third option in the survey, voting for both.

[Stalker22]

There are decent arguments on both sides.  Gold has been around forever.  But Bitcoin, this new kid on the block, keeps defying expectations and making holders excited for the future.  
This article: https://www.fool.com/investing/2024/03/01/bitcoin-vs-gold-which-one-is-a-better-investment/ offers a good breakdown of the pros and cons of each.

It is difficult to say whether Bitcoin really becomes more attractive than gold. I think we will need at least another ten years to make a fair comparison.

[AmoreJaz]

There are decent arguments on both sides.  Gold has been around forever.  But Bitcoin, this new kid on the block, keeps defying expectations and making holders excited for the future.  
This article: https://www.fool.com/investing/2024/03/01/bitcoin-vs-gold-which-one-is-a-better-investment/ offers a good breakdown of the pros and cons of each.

It is difficult to say whether Bitcoin really becomes more attractive than gold. I think we will need at least another ten years to make a fair comparison.

Just consider also the fact that a large part of the population are still hesitant to go into crypto. So we can't expect them to invest on this market. They will more than likely prefer gold over bitcoin, which for them is more familiar to venture into.
But for people who are into crypto, definitely, they can see the advantage of holding this currency. As the volatility is still the main reason why this market is attractive to investors, crypto investors will surely take advantage of this feature.

[batang_bitcoin]

I want gold but it seems that the qualities of gold that I've been looking forward before can be seen with BTC this time. And that's why if I am going to buy with some money, I'd do it with BTC instead of buying gold. Although gold has a significant long history of its valuation and it's still here up to this time, we're on the modern times where finances are changing together with assets and it seems that they're all combined with Bitcoin so for me, it's better to go with Bitcoin than gold at these times.

[Vincom]

1. Why do you use "investing in BTC or gold" in the question? There is nothing stopping from combining investing in traditional gold and digital gold, as the "gold mining company Nilam Resources" plans.

On a forum called bitcointalk, you are unlikely to hear many confessions about investing in gold.

2. I would say bitcoin is becoming more attractive in the investment sector with each new cycle.

3. This is not excluded. No intelligent investor would publicly voice their investment strategies, because this is the same as playing poker with their cards exposed.

These are just my simple questions, I welcome everyone's opinions. Please don't be limited by the question, I believe that everyone's perspective is actually more interesting than what I can imagine.

Someone has chosen gold, and I have also read their interesting opinions on choosing gold for investment. I am a fan of BTC so I want to hear the views of gold investors even though they are participating in the Bitcointalk forum.

[n0ne]

For the people who had known about bitcoin, this has been an attractive investment. Even now, not many people are aware of bitcoin. This means people are very used to gold investment, and in some parts of the world, rather than considering gold as an investment, there are people who keep buying gold to show their wealth by wearing gold ornaments. So, we can't be conclusive on this. However, with the digital generation and the need for transition, the world is moving towards cryptocurrency. I hope someday everyone gets attracted to it.

[Samlucky O]

I would like to know your views on BTC and gold:

• Are you investing in BTC or gold?
• Do you think BTC has become more attractive than gold in the investment sector?
• Have people like Peter Schiff accumulated a lot of BTC while still badmouthing BTC in the media?

1) Btc and gold is never a comparison in the first place. Although gold is also a volatile assets but as time goes on it depreciates In Value just like women will be beautiful at a tender age and becomes outdated when they get into marriage age they became choose of ok only few. While bitcoin is like a man who is not updated no matter the age. They even become more attractive when they have money in their hand. In conclusion btc is more profitable than Gold. Gold price can be predicted and has a limit but Bitcoin price is unlimited. And also Bitcoin can be traded through online P2P without stress but gold requires physical p2p and that would delay your purchases.

2) I prefer investing in bitcoin than investing on Gold. You can buy bitcoin worth 10 billion dollars and keep it on your wallet without even anyone noticing you have that number of bitcoin in your holding. But if you buy such number of gold you will not be at peace with yourself because a place of storage will be a problem for you . I have many other options to prove how important btc is, over Gold.

You can travel anywhere around the world with your Bitcoin in your wallet but can not travel with Gold,k but still need to sell it before you.

[GreatArkansas]

I want gold but it seems that the qualities of gold that I've been looking forward before can be seen with BTC this time. And that's why if I am going to buy with some money, I'd do it with BTC instead of buying gold. Although gold has a significant long history of its valuation and it's still here up to this time, we're on the modern times where finances are changing together with assets and it seems that they're all combined with Bitcoin so for me, it's better to go with Bitcoin than gold at these times.

Whether Bitcoin has become more attractive than gold depends on individual investment goals, risk tolerance, and perspectives on future economic trends.

Some investors may prefer the relative stability of gold, while others may be drawn to the potential for high returns from Bitcoin.

[Smack That Ace]

In terms of investment, BTC has outshined gold and have proven to be a better investment option in all ramifications. BTC is accessible, more profitable as data have shown, requires little capital to start and can be purchased by all income classes. The security is easier and better. On the other hand, buying physical gold is difficult and requires a lot of processes with the risk of falling into scams. Digital gold such as gold bullion also have a lot of risks and processes that not many would want to go into. SO BTC to me have become more attractive than gold.

What difficulties do you encounter in the process of buying physical gold and what are those difficulties? In addition, based on what do you think that buying gold can easily lead to scams? And buying bitcoin will never get scammed? are you sure?

Bitcoin becomes more attractive to you or me, simply because we don't have a lot of money, we only have a very small amount of capital but want to get rich quickly. That's why we choose bitcoin because no investment will make us rich faster than bitcoin.

[Maus0728]

I don't think it is close to being more popular than gold, think about this, even though bitcoin's got a lot of press and online presence, the thousand year history of gold is still the biggest factor as to why bitcoin can't defeat gold in terms of popularity or attractiveness as an investment, my reasoning for this is because if you ever ask someone that has no idea about bitcoin or probably got some idea what bitcoin is but they didn't care about investing in it, they'd choose to invest or take the gold instead of bitcoin 10 times out of 10. Some might say that I'm wrong but you can probably test it out and people would choose gold over bitcoin even if you tell them that bitcoin's got more potential in growth.

[Z390]

Bitcoin is better than gold in terms of ROI, gold doesn't bring insane profits back to investors like Bitcoin, the ROI wise is so marginal that it makes gold look less attractive, many people today will prefer to sell their gold for Bitcoin, or have less gold and more bitcoin.

The only advantage of Gold is less volatility, unlike Bitcoin which can retrace marginally, the right store of value is still gold in this case but Bitcoin can also be used as a store of value, it's just that when you need money fast you can end up selling your bitcoin for loss, but with gold, the price will still be better.

Mind you, if you rush to sell Bitcoin it depends on its present value at the time, it can favor you even more since the price goes up and down, but it is best to only invest money that you won't need for much months to come on bitcoin because as time goes by bitcoin do add more value.

[CryptSafe]

OP, in contrast, it is not a bad idea for one to invest in gold. As a matter of fact, gold has been in existence  long before Bitcoin inception but however, Bitcoin has taken over the market because of its accessibility and have shown itself to be the next phase of gold in a digital form or version of itself. Bitcoin is limited in number which is a very good point for price appreciation compared to gold which has millions of it in circulation which I believe might likely cause a decline in price value in years to come when Bitcoin is fully adopted globally.

In terms of safety and security, holding or investing in Bitcoin is more secured and safe to do compared to gold. As an individual, you can not go and buy gold on your own and store it personally without people knowing that you have such in your possession that is where the security risk comes in which is not so In Bitcoin. You can buy Bitcoin from any part of the world and store in your private wallet under your custody without any notice from any where. You can move about with it and no one to notice you. This is how Bitcoin is very much safe and secured to hold compared to gold.
I believe in a matter of time, Bitcoin would globally gain it's traction as it is expected to. Already there are.pro bitcoin group in various countries doing what the could do best to create awareness of Bitcoin within their capacity and I believe it would definitely yield fruitful results in less than no time.

[peter0425]

I would like to know your views on BTC and gold:

• Are you investing in BTC or gold?

just plain Bitcoin though  i still have my late grandmothers Gold set that being inherit to me but my own funds? is for bitcoin.

• Do you think BTC has become more attractive than gold in the investment sector?

depending on which are we talking because if this is about asian people then I gues many are attracted in bitcoin.

Update 2024.03.27: The announcement raises doubts about its legitimacy because Nilam, a company with a market value of only $4 million, plans to purchase a massive $1.7 billion worth of Bitcoin

this is just a Fake news , or popularization because they are trying to boost their name using bitcoin .[/list]

[Ayers]

I don't think it is close to being more popular than gold, think about this, even though bitcoin's got a lot of press and online presence, the thousand year history of gold is still the biggest factor as to why bitcoin can't defeat gold in terms of popularity or attractiveness as an investment, my reasoning for this is because if you ever ask someone that has no idea about bitcoin or probably got some idea what bitcoin is but they didn't care about investing in it, they'd choose to invest or take the gold instead of bitcoin 10 times out of 10. Some might say that I'm wrong but you can probably test it out and people would choose gold over bitcoin even if you tell them that bitcoin's got more potential in growth.

I am the only one in my family who chose bitcoin, my parents, my wife, aunts and uncles they all chose gold and real estate, even though they knew very well I made a lot of money investing in it.

Yes, you are right, we should not deny that bitcoin will not be more popular than gold and still cannot surpass gold in some aspect. Gold is still considered the safest option to date and is sometimes preferred over real estate. We cannot yet confirm whether bitcoin will beat gold in popularity in the future, but for now, bitcoin is still far behind gold in popularity.