Better Money: Gold, Fiat, Or Bitcoin?

[0t3p0t]

I personally go for Bitcoin or gold rather than fiat because if that fiat was all eaten by inflation I don't think people will still want it maybe they will find alternative like gold and Bitcoin which is proven to work as a form of money as well. Though there are differences but it all still depends on where our evolution really goes. If we go cashless then Bitcoin if there is an EMP attack  then gold that is how simple it is.

[Qiubell5]

The author speculates and that's fine because it's in the description of Bitcoin. Fiat is fine, we need it and still uses it up to this point and I think we'd be gone first before fiat's gone. Gold is fine as an asset but not as a money. Bitcoin obviously is in best shape and can be in both categories and that's why we understand the importance of it and why we're holding it. Compared to boomers, all they know is invest on this and there and don't invest to new assets.

In covering this statement, it can be understood that these three instruments have their respective advantages and disadvantages, but in choosing I think Bitcoin is the main choice, it shows this, Bitcoin can go up or down, indicating speculation that it will rise in the next few years, so it can be owned as an investment for the future. future and it all depends on the assets you have

[passwordnow]

Looking at the nature of how many in the society make their choice of investment  three asset has there value in various way if settling most user need as some may not have what it take to accumulate gold it Bitcoin, but Bitcoin is becoming more viral and gaining more popularity now as many choices to invest and use it though I may not be correct but the last time I checked I hardly see people transaction gold in my location compare how they are adopting BTC, but three money has there value and is subject to certain changes as one can rise above others but individual investment is centered on the choice they make .

The same goes in my area, the adoption rate of Bitcoin is increasing but it cannot be debated if it's about the gold discussions here. There is still a lot of people that invests in gold and thinks that it's best for them. No problem with that if they think that investing in gold is a good investment for them because they are also thinking the same to us about investing to Bitcoin as our main investment. It's because not everyone understands what we're up for and they cannot be stopped unless they become curious and start to learn more about Bitcoin as an investment.

Fiat is good for daily use but you have to invest that to another asset as well so that it won't be inflated just as the normal path of fiat money. So, if you have a bunch of it either buy bitcoin or gold or even real estate. I think that this thread shouldn't even choose fiat as part of these assets but real estate which is also a good one for many investment choices. So apart from investing to Bitcoin, there goes the gold and most countries have their own gold reserve that's also backing fiat money. With that, it's a slash for the fiat money because it has a different use and purpose compared or it's much more precious to say that if we're going to have Bitcoin as an asset, it's something else compared to typical assets that we have.

[batang_bitcoin]

The author speculates and that's fine because it's in the description of Bitcoin. Fiat is fine, we need it and still uses it up to this point and I think we'd be gone first before fiat's gone. Gold is fine as an asset but not as a money. Bitcoin obviously is in best shape and can be in both categories and that's why we understand the importance of it and why we're holding it. Compared to boomers, all they know is invest on this and there and don't invest to new assets.

In covering this statement, it can be understood that these three instruments have their respective advantages and disadvantages, but in choosing I think Bitcoin is the main choice, it shows this, Bitcoin can go up or down, indicating speculation that it will rise in the next few years, so it can be owned as an investment for the future. future and it all depends on the assets you have

We're in a Bitcoin forum and it's a sure thing that most of us here has got Bitcoin as our main choice. No further questions with that but just pure experience why the majority of us liked it more compared to gold. With comparisons, if you own Bitcoin, you own a digital gold and at the same time you also have the function of fiat that you can do for shopping.

[Marvell1]

BTC,gold is definitely better than money. Because the value of cash is decreasing day by day. It is very risky. But if one invests money in bitcoin or gold, the value of money will increase day by day. We all know how profitable investing in bitcoin is.  And how much profit it guarantees. And those who don't know much about bitcoin will definitely want to invest in gold. It is also profitable, but there is some harassment when selling gold.

For most people who don't understand what bitcoin is, I don't think they believe that it can make money, they only trust gold to store it. According to them, if there was an increase, they would definitely say it was a profit. In fact, the increase in gold was not very significant. If they understand or understand what bitcoin is, I think they will definitely switch their investment asset choice from gold to bitcoin, which is much more profitable in the very long term. Fiat is valued by society because it is our transaction tool for daily needs. However, the fact is that many people do not know that its value will continue to shrink or decrease from day to day due to the impact of inflation.

From the explanation you gave, I can conclude that Bitcoin is better than gold and fiat. Because bitcoin is able to overcome the shortcomings of both, bitcoin is here to perfect what gold and fiat do not have. Fiat loses value due to inflation, gold for investment but the increase is not as big as bitcoin.

In essence, this comparison makes it clear that the concept of Bitcoin is much more perfect than Fiat and Gold as a store of value and a better future for transactions. Gold and Bitcoin are both valuable assets, gold because of its physical properties while Bitcoin because its supply and users are limited. Basically, gold can be considered a store of value rather than a practical means of exchange because gold has weaknesses such as being heavy and difficult to carry, of course this is an obstacle. In contrast to Bitcoin, Bitcoin has the potential to become a transaction tool that is widely used anywhere and at any time and is more practical. So in conclusion, Bitcoin is the best money, even though currently we still have to use fiat because there are no other options for transactions in everyday life.

Is this a fair comparison and assessment? When I just see you guys constantly bringing up the downsides of fiat money and gold, and giving all the flattery to bitcoin. Gold does not bring higher returns than bitcoin but it is safer and more stable than bitcoin, it does not get dumped 70%-80% in just a few months. Gold is bulky so storing and moving around can be difficult at times, but bitcoin also has associated risks such as being hacked, forgetting the seed phrase, and how can we use bitcoin without internet?...No asset is perfect, and each asset is used for different use cases. Even though we are bitcoin investors, we don't need to exaggerate bitcoin and badmouth other assets, because that doesn't make bitcoin any better.

I agree with you . I see many people who did the same thing as you said. They are describing more more benefits of Bitcoin,gold and fiat money. But I think,every form of currency is good but it matters a lot where it is being used. Gold is safe investment and you can liquefy it in a few minutes and that is safe because no one can hack or steal this in ordinary conditions. Fiat Money is good because you should store money for the emergency. If an accident happens with a person of your family,you can help your family on a time . In this way ,fiat money is also good.Bitcoin is good because you can get multiple returns on your investment in future.

Everything has pros and cons and they all have different use cases. But people always like to exaggerate bitcoin, badmouthing fiat and gold, but which doesn't make bitcoin any better.

What's more funny is that we are also using fiat currency every day in our lives, we also often give each other advice to diversify our investment portfolios and not put all our eggs in one basket. But we are talking bad about gold and fiat money, I really don't understand what people are thinking. Speaking ill of others has never made us better than anyone else, so why do we like to speak ill of others?

Is there anyone here who doesn't use fiat money or doesn't use a bank account? Is there anyone here who doesn't like gold? We use and depend on all three including bitcoin, all of which have their own use cases.

[wiss19]

Everything has pros and cons and they all have different use cases. But people always like to exaggerate bitcoin, badmouthing fiat and gold, but which doesn't make bitcoin any better.

What's more funny is that we are also using fiat currency every day in our lives, we also often give each other advice to diversify our investment portfolios and not put all our eggs in one basket. But we are talking bad about gold and fiat money, I really don't understand what people are thinking. Speaking ill of others has never made us better than anyone else, so why do we like to speak ill of others?

Is there anyone here who doesn't use fiat money or doesn't use a bank account? Is there anyone here who doesn't like gold? We use and depend on all three including bitcoin, all of which have their own use cases.

I agree. Necessity is the mother of invention, everything invented in this world is the result of some necessity so I cannot say that anything is useless. With time, human needs, concerns, and desires are increasing, so the intention is to invent new things, but it does not mean that the things invented earlier have become useless.

For those who call fiat money or gold worthless and prefer to store only Bitcoin, I have a question for them. Do you pay with Bitcoin to buy food in Asia? If not, then you need fiat Money all the time. Fiat Money has its own value and Bitcoin has its own value.

Similarly, when the market falls, if we sell bitcoins then we lose but if we have gold we need money we can sell it any time and fulfil our needs. Overall, each thing has its own importance and usefulness, I don't think that these things should be prioritized over each other or one called useless because of the other.

[EarnOnVictor]

Listen what this Austrian Economics / Mises Institute author of a book titled Better Money: Gold, Fiat, Or Bitcoin? says here:

https://youtu.be/g7vI957pg7U&t=2597

I don't see any reason to think that the price of Bitcoin is going to be predictably higher in the future.

🤦‍♂️

Let me start with the better money remark between Gold, Fiat and Bitcoin, all I know is that we should continue to use them in the best way they can serve us. There are ways/places where Bitcoin will be the key, it could be the turn of Gold in some situations, and the same thing goes for Fiat which is the most common, popular and useful of them all.

As for the quote above, I agree with the man 100%. You see, many of you guys whom this could be surprising to may have started trading and investing in the cryptocurrency era. But seasoned traders/investors will always have a similar view to this man's opinion. And if you've been reading my take on Bitcoin on this forum, you will realise that it is similar to his. This is despite having my investment in Bitcoin, I just do not want to be blinded by it.

Bitcoin is a very good asset, no doubt, but we need to take it easy as well and let time be the judge and not be too confident about it. However, for now, as of today, it is BULLISH!!!

[trendcoin]

Listen what this Austrian Economics / Mises Institute author of a book titled Better Money: Gold, Fiat, Or Bitcoin? says here:

https://youtu.be/g7vI957pg7U&t=2597

I don't see any reason to think that the price of Bitcoin is going to be predictably higher in the future.

🤦‍♂️

To me, gold and Bitcoin fall into the same category as they are both solid forms of currency. Bitcoin has a limited supply, and gold's supply is also limited. Both serve as a store of value. Fiat currency is vulnerable to inflationary pressures, and it's rare to find anyone who prefers fiat currencies. Instead of carrying fiat currency, I use my credit card for all my purchases. When I have cash flow, I pay off my credit card and invest the remaining money in limited-supply assets like gold or Bitcoin...

[Assface16678]

The thing is, these three currencies or assets have different purposes and different dominances in the world. For example, fiat is used for everyday use, to buy something or to trade with something, while gold is an investment asset wherein it could have a higher value in the long run, and bitcoin, of course, is a new digital currency that is trending now and becoming more powerful and known in the world. So to measure which is the better currency, there's none because these three you have mentioned have different purposes in society and are important in the economy, so to consider which is better, it depends on the people. For crypto currency investors, bitcoin will be better than gold, but for some, gold is better because it's like a luxury to have gold, while for some, fiat is better because more fiat money means you are rich and feel wealthy, so for me, which is better depends on the people themselves.

[Marvell1]

Everything has pros and cons and they all have different use cases. But people always like to exaggerate bitcoin, badmouthing fiat and gold, but which doesn't make bitcoin any better.

What's more funny is that we are also using fiat currency every day in our lives, we also often give each other advice to diversify our investment portfolios and not put all our eggs in one basket. But we are talking bad about gold and fiat money, I really don't understand what people are thinking. Speaking ill of others has never made us better than anyone else, so why do we like to speak ill of others?

Is there anyone here who doesn't use fiat money or doesn't use a bank account? Is there anyone here who doesn't like gold? We use and depend on all three including bitcoin, all of which have their own use cases.

I agree. Necessity is the mother of invention, everything invented in this world is the result of some necessity so I cannot say that anything is useless. With time, human needs, concerns, and desires are increasing, so the intention is to invent new things, but it does not mean that the things invented earlier have become useless.

For those who call fiat money or gold worthless and prefer to store only Bitcoin, I have a question for them. Do you pay with Bitcoin to buy food in Asia? If not, then you need fiat Money all the time. Fiat Money has its own value and Bitcoin has its own value.

Similarly, when the market falls, if we sell bitcoins then we lose but if we have gold we need money we can sell it any time and fulfil our needs. Overall, each thing has its own importance and usefulness, I don't think that these things should be prioritized over each other or one called useless because of the other.

Not only in Asia, anywhere in the world, using bitcoin as a payment method is still not popular and not recognized. There are only a few stores and companies that use bitcoin as a payment method, but that is not enough to say anything. Also, I wonder how many bitcoin payments have been made in places that already accept bitcoin payments? Are there any companies or stores that use bitcoin as their sole payment method or is it just a backup method?

As for gold, it has been around for thousands of years and has a market capitalization of over 15 trillion. It remains one of the most sought-after assets by countries and the super-rich, but it's funny how some people consider it useless.

I'm also a bitcoin investor but I really can't agree with some people spending their time talking bad about other assets and exaggerating about bitcoin.

[South Park]

The thing is, these three currencies or assets have different purposes and different dominances in the world. For example, fiat is used for everyday use, to buy something or to trade with something, while gold is an investment asset wherein it could have a higher value in the long run, and bitcoin, of course, is a new digital currency that is trending now and becoming more powerful and known in the world. So to measure which is the better currency, there's none because these three you have mentioned have different purposes in society and are important in the economy, so to consider which is better, it depends on the people. For crypto currency investors, bitcoin will be better than gold, but for some, gold is better because it's like a luxury to have gold, while for some, fiat is better because more fiat money means you are rich and feel wealthy, so for me, which is better depends on the people themselves.

But at the end, the three are being used to measure value and as a way to exchange it, so we can compare them and decide according to our specific needs which one we prefer, the massive advantage fiat has over gold and bitcoin is the fact that governments impose by mandate that any person on their territory accept them no matter what, but in most other aspects fiat is quite inferior to gold and bitcoin, which is why they are often mentioned as alternatives to the current fiat system.

[SATWAT]

Everything has pros and cons and they all have different use cases. But people always like to exaggerate bitcoin, badmouthing fiat and gold, but which doesn't make bitcoin any better.

What's more funny is that we are also using fiat currency every day in our lives, we also often give each other advice to diversify our investment portfolios and not put all our eggs in one basket. But we are talking bad about gold and fiat money, I really don't understand what people are thinking. Speaking ill of others has never made us better than anyone else, so why do we like to speak ill of others?

Is there anyone here who doesn't use fiat money or doesn't use a bank account? Is there anyone here who doesn't like gold? We use and depend on all three including bitcoin, all of which have their own use cases.

Not only in Asia, anywhere in the world, using bitcoin as a payment method is still not popular and not recognized. There are only a few stores and companies that use bitcoin as a payment method, but that is not enough to say anything. Also, I wonder how many bitcoin payments have been made in places that already accept bitcoin payments? Are there any companies or stores that use bitcoin as their sole payment method or is it just a backup method?

As for gold, it has been around for thousands of years and has a market capitalization of over 15 trillion. It remains one of the most sought-after assets by countries and the super-rich, but it's funny how some people consider it useless.

I'm also a bitcoin investor but I really can't agree with some people spending their time talking bad about other assets and exaggerating about bitcoin.

As mentioned in all around the world bitcoin is not popular method, and recently we are having too many troubles as well even few are feeling these all are ok but with these delays and problems things are going on wrong side so just because of these peoples are feeling comfortable with the other solid methods which are working for centuries and having solid value as well like Gold, but I am not going with Fiat as this is not good option and having bitcoin instead of this better.

With usually I am now using electronic methods which are popular and also having quick way of reaching all around without any problem and want to have things for the bitcoin as well because in our country we are much behind in use case of this and having no bitcoin ATM is also problem but if in near future we will have things like these surely we will be felt comfortable with this.

[oktana]

When you say better money, I’ll say Bitcoin and Gold. My reason is simple and common; Fiat already has its downside of being printed every time and every year. This is why there is and will always be inflation. But Gold isn’t like that and Bitcoin too has its fixed total supply. That to me is better money. Money that can be worth more in the future and maybe you can do more with it instead of doing less (like fiat).

[Rasa nanas]

money is used as a transaction tool, while gold and bitcoin are used as investment tools. For transaction tools I prefer fiat money, while for investment I will choose gold and bitcoin. I won't talk about who is the best between the two because investing in gold and bitcoin both have advantages and disadvantages. investing in bitcoin is very volatile, although you can make big profits in a short time, you can also lose big in a short time. While investing in gold is safer because the price of gold is more stable, you cannot get big profits like investing in Bitcoin.

[fuguebtc]

money is used as a transaction tool, while gold and bitcoin are used as investment tools. For transaction tools I prefer fiat money, while for investment I will choose gold and bitcoin. I won't talk about who is the best between the two because investing in gold and bitcoin both have advantages and disadvantages. investing in bitcoin is very volatile, although you can make big profits in a short time, you can also lose big in a short time. While investing in gold is safer because the price of gold is more stable, you cannot get big profits like investing in Bitcoin.

Yes, all 3 have pros and cons and have different use cases and above all, all 3 are necessary for us. So what is the use of comparing and speaking ill of them if we are still dependent on them?

No matter how bad fiat is, can we stop depending on it and stop using it ? No , we would not exist without fiat as it remains the main currency in our economy.
Gold is a stable asset that does not offer high returns like bitcoin, but when we want to hedge our assets, we want to diversify our asset portfolio to minimize risk . If we don't use gold, what options do we have to diversify our asset portfolio?
Ultimately , bitcoin is a volatile asset and we can take advantage of that to grow our wealth quickly .

I own all 3 and feel satisfied so I don't like to compare and badmouth any type of property.

[livingfree]

When you say better money, I’ll say Bitcoin and Gold. My reason is simple and common; Fiat already has its downside of being printed every time and every year. This is why there is and will always be inflation. But Gold isn’t like that and Bitcoin too has its fixed total supply. That to me is better money. Money that can be worth more in the future and maybe you can do more with it instead of doing less (like fiat).

That printing scenario of every country just to sustain their status during those crises like in pandemic really have pushed into higher inflation.

And in that case, fiat money is not that good in preserving wealth. It's purpose is mainly is a tool to be used for buying and selling but not for retaining and keeping your wealth.

If it's with the latter purpose, there is no doubt that Bitcoin and gold play better for that matter but for us, it is Bitcoin.

[RockBell]

The thing is, these three currencies or assets have different purposes and different dominances in the world. For example, fiat is used for everyday use, to buy something or to trade with something, while gold is an investment asset wherein it could have a higher value in the long run, and bitcoin, of course, is a new digital currency that is trending now and becoming more powerful and known in the world. So to measure which is the better currency, there's none because these three you have mentioned have different purposes in society and are important in the economy, so to consider which is better, it depends on the people. For crypto currency investors, bitcoin will be better than gold, but for some, gold is better because it's like a luxury to have gold, while for some, fiat is better because more fiat money means you are rich and feel wealthy, so for me, which is better depends on the people themselves.

They can all be spent, and to me, one of the main purposes of fiat is to spend it compared to others that have an appreciating value if they are kept as an asset, and the government issues fiat for buying bitcoin and gold, not all countries recognize it as a legal tender. Still, personally, it can be used, anyone can decide that they accept bitcoin or gold for their commodity, and because of that opportunity of the value going up, people prefer to for assets than even keeping fiat. Bitcoin is one of the most patronized assets is not more than Bitcoin people have tested the wealth that Bitcoin comes with people are diverting from even gold to Bitcoin and if you look at the total market cap you will understand exactly what am talking about. Bitcoin has a lot of investors and the bitcoin market cap keeps increasing every blessed day. if not for tax, that is the only way i can say that the economy is benefiting because not all governments invest or want to invest in Bitcoin. and all the purposes of these three will depend on what it has been used for.

[bitLeap]

Listen what this Austrian Economics / Mises Institute author of a book titled Better Money: Gold, Fiat, Or Bitcoin? says here:

https://youtu.be/g7vI957pg7U&t=2597

I don't see any reason to think that the price of Bitcoin is going to be predictably higher in the future.

🤦‍♂️

Gold, Fiat and Bitcoin for me are three important sources of creating value. Even though the principles are always contradictory, gold and Bitcoin are measured by the value of fiat itself. This has become a common benchmark and ultimately the profits from gold and bitcoin create double the value compared to fiat. So I selected them all in the order gold -> bitcoin -> then fiat.

I may have missed many quotes from this book, but the fiat group will always prioritize fiat, the gold group will always feel superior in maintaining its value, and Bitcoin is a financial revolution that for us Bitcoin is the only one that can perfect the value system for gold and fiat.

[oktana]

When you say better money, I’ll say Bitcoin and Gold. My reason is simple and common; Fiat already has its downside of being printed every time and every year. This is why there is and will always be inflation. But Gold isn’t like that and Bitcoin too has its fixed total supply. That to me is better money. Money that can be worth more in the future and maybe you can do more with it instead of doing less (like fiat).

That printing scenario of every country just to sustain their status during those crises like in pandemic really have pushed into higher inflation.

And in that case, fiat money is not that good in preserving wealth. It's purpose is mainly is a tool to be used for buying and selling but not for retaining and keeping your wealth.

If it's with the latter purpose, there is no doubt that Bitcoin and gold play better for that matter but for us, it is Bitcoin.

If you talk of wealth, you really don’t hold fiat as say you’re wealthy. The best thing to do is to invest in as many places as possible. Because then you have assets that aren’t negatively affected by inflation. As things cost more, so will your assets cost more, leaving you with nothing to lose. But fiat, you’d have $5M and in years (based on the intensity of inflation), it would seem to be worth $3M.

[Ben Barubal]

Listen what this Austrian Economics / Mises Institute author of a book titled Better Money: Gold, Fiat, Or Bitcoin? says here:

https://youtu.be/g7vI957pg7U&t=2597

I don't see any reason to think that the price of Bitcoin is going to be predictably higher in the future.

🤦‍♂️

      All of that is what each of us hopes to have, so we will always prioritize what will be easy for us to get. Like for example I know for myself that I get earnings in bitcoin or cryptocurrency, I will obviously prioritize the field of crypto here.
 
     When you earn a large amount and can afford to buy Gold, why not, right? And if there is more than the profit obtained from performing crypto trading we can also keep savings for the future as well. All of those can be considered an investment for me.