Has BTC really become more attractive than gold?

[EarnOnVictor]

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

• Are you investing in BTC or gold?

I invest in Gold and Bitcoin since both are useful for traders and investors, you just need to know how to work your way through them. As we know, Gold can't give HODLers enough money just as the high price of Bitcoin now, this is why I primarily trade Gold aside from the physical asset that I have and shun holding it. Nonetheless, I've started buying Bitcoin at around $19,000 if I average all my striking points. But now, I only trade it in futures once in a while since the price is discouraging to invest and hold. As for Gold, I trade it daily with online brokers and I can say it is the asset I trade and earn most from in the financial market.

You can see none of them is useless, it just depends on your plan.

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

Yes, you can invest in Bitcoin at a low price and keep it. By this, you can easily gain x5 of your money in a year plus. But you can't do that with Gold. You are better trading it to earn from it.

• Have people like Peter Schiff accumulated a lot of BTC while still badmouthing BTC in the media?

I like to respect people's thoughts and opinions. The experts in the financial market field will think differently about Bitcoin and you can't blame them for it. But these days, a lot of them are now shifting grounds because Bitcoin is now behaving better like an asset, and with the gradual relevance it gains, it is a good reason for them to begin to change their stance.

Specifically, about Peter Schiff's regular remarks, I so much agree with him and I must say that he thinks like me. Notwithstanding, every sensible economist who is also futuristic should now be positive about Bitcoin for the obvious reasons around us.

[DanWalker]

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.

But I bet you that if you had 10 billion USD or a large amount of money, you would never dare to fully invest in bitcoin even if you knew that you had full ownership of your assets. Besides the guarantee of privacy and self-control of assets, the fact that our assets are 100% bitcoin also has risks that if we make a mistake, we will regret it for the rest of our lives.

Gold will be essential in that case as you will definitely need to diversify your assets to ensure your safety. Gold also has very good use cases and bitcoin is not perfect.

[Arenga pinnata]

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

• Are you investing in BTC or gold?
  ( Well of course I invested in BTC. Although maybe I am a little late but I am increasingly excited to invest more in BTC. )
• Do you think BTC has become more attractive than gold in the investment sector?
  (I belong to the younger generation who is actually less interested in gold than BTC. So for me Bitcoin is clearly more attractive in the investment sector too.)
• Have people like Peter Schiff accumulated a lot of BTC while still badmouthing BTC in the media?
  (I think he collected them a long time ago. Unless he is too late to understand the potential of bitcoin itself.)

[Marvelman]

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.

But I bet you that if you had 10 billion USD or a large amount of money, you would never dare to fully invest in bitcoin even if you knew that you had full ownership of your assets. Besides the guarantee of privacy and self-control of assets, the fact that our assets are 100% bitcoin also has risks that if we make a mistake, we will regret it for the rest of our lives.

Gold will be essential in that case as you will definitely need to diversify your assets to ensure your safety. Gold also has very good use cases and bitcoin is not perfect.

Let me just say, 10 billion in anything would make me nervous, digital or not! There's no way I'd go all-in either. Imagine accidentally losing the private key of the wallet or sending all that Bitcoin to the wrong address. One wrong click and it's adios to your savings! But Bitcoin's portability is definitely a plus. Gold is much bulkier and more difficult to transport. You need a large secure storage, anti-theft security measures, etc.

Maybe you're right - and mix is the way to go? Best of both worlds.

[Betwrong]

I have been saying it for years. BTC is way more attractive than gold in terms of investments. Gold is overpriced because people have been using gold as jewellery for millennia, but in the last years it goes more and more out of fashion. And it's only a matter of time when gold will be replaced in all its electronic applications.

[Taskford]

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.

Not surprising to see that since even me I am the only one in family who choose bitcoin all of them select those traditional assets since they think its more safer rather than selecting those unknown to them. I can say that they are quiet doing well with their investment since they know what they are doing and same with me they see that I am fine also earning that's why there's no negative thoughts or dialogue happen. Its just investment situation depends on people like or expertise that's why we can't question people why they like gold or bitcoin since its their choice to choose what can give them good security. We cannot confirm if bitcoin defeat gold but one thing is for sure bitcoin dominance is growing and it became more famous to a lot of people especially that price of bitcoin still growing.

[fuguebtc]

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.

But I bet you that if you had 10 billion USD or a large amount of money, you would never dare to fully invest in bitcoin even if you knew that you had full ownership of your assets. Besides the guarantee of privacy and self-control of assets, the fact that our assets are 100% bitcoin also has risks that if we make a mistake, we will regret it for the rest of our lives.

Gold will be essential in that case as you will definitely need to diversify your assets to ensure your safety. Gold also has very good use cases and bitcoin is not perfect.

Let me just say, 10 billion in anything would make me nervous, digital or not! There's no way I'd go all-in either. Imagine accidentally losing the private key of the wallet or sending all that Bitcoin to the wrong address. One wrong click and it's adios to your savings! But Bitcoin's portability is definitely a plus. Gold is much bulkier and more difficult to transport. You need a large secure storage, anti-theft security measures, etc.

Maybe you're right - and mix is the way to go? Best of both worlds.

Everything has pros and cons, and having full control of our money through bitcoin also has worrying disadvantages as you mentioned. Meanwhile, gold is too bulky and we have difficulty hiding it from others. Diversification is something we should do, and the more diverse we are, the better it is for us. Not only gold, real estate, stocks... are all good solutions to diversify assets.

Most say they wouldn't need gold, but I believe if they had a large amount of money, they would know how important diversification is.

[BlackHatCoiner]

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?

• I'm all into gold. 
• Yes. Gold is just bitcoin you can't send over the Internet. Jokes asides, bitcoin inherits every characteristic of gold that makes it a store of value, and it adds on itself flexibility of transfer, provable money supply, much lower costs of transfer, and censorship-resistant, borderless transactions.
• How should I know such a thing, and why is it important?

[BTC_Dragon]

I'd assert BTC and gold are merely two forms of the same ideal, and both are worth having exposure to.

[michellee]

So far, I have invested a larger portion in Bitcoin than gold because I have seen how much profit I can get from Bitcoin. Investing in Bitcoin is more attractive than gold because of the difference in Bitcoin prices which can provide big profits. However, investing in Bitcoin carries risks that unprepared investors may not be able to face.

Maybe gold is the second choice for investors already familiar with Bitcoin. They focus their investment on Bitcoin because they have seen Bitcoin's journey over time. That is why they are still collecting more Bitcoins because they still want big profits from investing in Bitcoin.

But we don't know how many Bitcoins are owned by people who invest in Bitcoin. That is a secret for each investor because they will keep their Bitcoin without other people knowing.

[aoluain]

I have been saying it for years. BTC is way more attractive than gold in terms of investments. Gold is overpriced because people have been using gold as jewellery for millennia, but in the last years it goes more and more out of fashion. And it's only a matter of time when gold will be replaced in all its electronic applications.

and there have been countless threads on the forum here comparing the two and their merits.

TBH I cant see the merit of owning Gold other than that its price moves in a very kind of controlled
way compared to Bitcoin. Its said that the Gold market is controlled? The market has had a range
of €400 from low to high in the last year, from $2000/oz down to $1800/oz and today at $2200/oz.

At todays price I can trade my Bitcoin and get 1KG of Gold, but I would like that actual thing, not a
certificate to say I own 1KG but wait I'm flying to another country and would like to take it with
me but that wont be allowed and how do I keep it safe?

How would you feel if you held 30% of your wealth in Gold while another 30% is appreciating so
much in Bitcoin? a non-performer v's a super performer.

Yup Bitcoin is definitely more attractive than Gold.

[AnonBitCoiner]

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

Both are advantageous as both possess higher demand, higher cost as well as huge success so we should choose it according to our needs and knowledge. People are choosing bitcoin more often because it's price is elevating rapidly and current demands for bitcoin is higher because of coming halving.

Bitcoin is successful but we can also not ignore the value of gold as it is a successful assets that persists for years. People are still buying gold at larger number because its Fluctuations are less than that of bitcoin so buy both and take the advantage from both.

[dunfida]

I have been saying it for years. BTC is way more attractive than gold in terms of investments. Gold is overpriced because people have been using gold as jewellery for millennia, but in the last years it goes more and more out of fashion. And it's only a matter of time when gold will be replaced in all its electronic applications.

and there have been countless threads on the forum here comparing the two and their merits.

TBH I cant see the merit of owning Gold other than that its price moves in a very kind of controlled
way compared to Bitcoin. Its said that the Gold market is controlled? The market has had a range
of €400 from low to high in the last year, from $2000/oz down to $1800/oz and today at $2200/oz.

At todays price I can trade my Bitcoin and get 1KG of Gold, but I would like that actual thing, not a
certificate to say I own 1KG but wait I'm flying to another country and would like to take it with
me but that wont be allowed and how do I keep it safe?

How would you feel if you held 30% of your wealth in Gold while another 30% is appreciating so
much in Bitcoin? a non-performer v's a super performer.

Yup Bitcoin is definitely more attractive than Gold.

Pretty obvious on whose really that performing well and come to think that we are just a decade+ of existence then we have seen that growth when it comes to value but actually there's no point on having such comparison. Why? We know that Gold and Bitcoin arent something similar. It is really just that people around do really love on tying things up as if it was really something that good to compare into.
Why would really be making yourself that getting stressed into this matter if you could really be simply be able to invest on both things then you wont really be having that kind of doubts in mind
on whose better. 

Honestly, ive been also keeping up my gold possessions too at the same time i do have made out some investment on Bitcoin or crypto and other things as well like stocks which are really that good
on holding up for long term. It would really be just that actually be depending into your capacity on investing on which not all would really be that bale to do so. It would really be
something situational i should say.

[Miles2006]

Comparing both bitcoin and gold is not necessary, I have seen similar argument concerning gold and bitcoin. Both investment choice has pros and cons likewise other investment. Going for bitcoin seems difficult for most people due to the volatile nature and even with this features bitcoin still stands strong so I believe bitcoin is a top choice, gold also has an amazing feature but an investor can choose both as an investment choice if only an investor has the resources to keep up with investing. Investing in bitcoin now is everyone's target, buy and hold but I don't think I can keep up with both investment so I invest only in bitcoin.

[South Park]

Comparing both bitcoin and gold is not necessary, I have seen similar argument concerning gold and bitcoin. Both investment choice has pros and cons likewise other investment. Going for bitcoin seems difficult for most people due to the volatile nature and even with this features bitcoin still stands strong so I believe bitcoin is a top choice, gold also has an amazing feature but an investor can choose both as an investment choice if only an investor has the resources to keep up with investing. Investing in bitcoin now is everyone's target, buy and hold but I don't think I can keep up with both investment so I invest only in bitcoin.

Regardless of which one people pick, I think both are a good choice, bitcoin suits more those that are willing to take higher risks and can accept the responsibility of holding their coins when there is a strong correction, gold on the other hand is more stable but it also requires more time to grow in value, what people cannot afford to do is to keep holding large amounts of fiat, since they are allowing themselves to be robbed by governments thanks to the inflation tax.

[Vincom]

• I'm all into gold. 
• Yes. Gold is just bitcoin you can't send over the Internet. Jokes asides, bitcoin inherits every characteristic of gold that makes it a store of value, and it adds on itself flexibility of transfer, provable money supply, much lower costs of transfer, and censorship-resistant, borderless transactions.
• How should I know such a thing, and why is it important?

This is one of the answers I've been waiting for, at least someone believes in gold more than BTC and lets people know his clear point of view. Everyone has the right to choose their own investment assets, freedom is one of the values that BTC always encourages.

I am interested in the actions and words of BTC anti-fans because if they act contrary to their words, what they say will no longer be really valuable and we will not need to care about them anymore. We will no longer have FUD news on the market talking about the worthlessness of BTC or announcements of the 1000th death of BTC on the media. For BTC fans, this is not really important, but for less experienced investors, such news has a strong impact on their investment decisions, they may leave the crypto market just because they believe in the statements of a celebrity.

[GbitG]

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

Yeah, sure I am investing in Bitcoin, not in gold. Both have their own pros and cons, but anyway today the world has a new mindset, like they want everything in their hands, like one click away from their hand. So I think people should love and have taken more interest in those things who have a strong sense of privacy and have less cost of swapping, like transferring from one to another.
 
In addition, the answer to your second point is that all over the world, the young generation including Mee, is just more attractive towards Bitcoin than Gold in terms of investment. And the reason for this is that Bitcoin is one of the only assets that, due to its volatile nature, has returned high amounts in a short period of time on investment. While Gold has less volatility and its investment return is long, that too is not as high as Bitcoin gives. It is true that Bitcoin is a highly volatile asset, but a short time gives a big return to the investor. For example, in 10 years Bitcion has given a 227x return to its investor while gold has only given a 2x return in 10 years. 
 
So Bitcoin is digital gold; it has far the best quality from all perspectives, including expected volatility. And the interesting thing is that bitcoin is better than gold because of their volital nature.

[0t3p0t]

I would like to know your views on BTC and gold:
1. Are you investing in BTC or gold?
2. Do you think BTC has become more attractive than gold in the investment sector?
3. Have people like Peter Schiff accumulated a lot of BTC while still badmouthing BTC in the media?

1. Of cource I am more interested in Bitcoin than Gold. The precious metal is just my option of investment because my main investment would be Bitcoin.
2. Yes! Bitcoin has become more attractive than gold in the investment sector because more and more institutions and billionaires prefer to invest on it rather than gold though some of them has both but the stability of gold will give less profit for them compared to the volatile Bitcoin.
3. I am not familiar with Peter but that what he is doing might be a diversional tactics to create FUD so he can buy and fill in his bags. I might be wrong but that is possible. 

[JunaidAzizi]

We know that from ancient times gold has been used as a standard for money ok that's good for that time but for now Bitcoin is more progressive than gold. I would like to tell you a simple maths which is only for the understanding. Took gold similar to one coin of Bitcoin and then provided the value of both, as compared to gold Bitcoin has a much higher price and it's proven that a single coin of Bitcoin has a much higher price than a large quantity of gold. This is just for the understanding. Now from time to time, things evolve people used to exchange something to buy the things they wanted , gold coins came and after that Paper currency which is using everywhere similarly Bitcoin is the new form or mode of currency which shows that Bitcoin is much stronger than gold and attractive. So investing in Bitcoin is much better than gold.

[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.

Not surprising to see that since even me I am the only one in family who choose bitcoin all of them select those traditional assets since they think its more safer rather than selecting those unknown to them. I can say that they are quiet doing well with their investment since they know what they are doing and same with me they see that I am fine also earning that's why there's no negative thoughts or dialogue happen. Its just investment situation depends on people like or expertise that's why we can't question people why they like gold or bitcoin since its their choice to choose what can give them good security. We cannot confirm if bitcoin defeat gold but one thing is for sure bitcoin dominance is growing and it became more famous to a lot of people especially that price of bitcoin still growing.

In addition, we should also respect each other because each person will have different preferences, even if bitcoin is better than gold, if they don't like bitcoin and choose gold, there's nothing wrong. Don't be an ugly bitcoin investor, when we try to compare bitcoin with all other assets and say bitcoin is the best and hate those who don't like bitcoin. This is what I see in some bitcoin investors, they are willing to criticize someone if the other person doesn't like bitcoin.