Better Money: Gold, Fiat, Or Bitcoin?

[boyptc]

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

While the volatility that gold gets isn't that much and it's the preferred investment of many traditional investors. The risk that Bitcoin has is certainly worth it to take.

But we're not the same kind of investors and I agree that if an investor has to go with the safe route of investing then gold is the choice that they need to have.

you cannot get big profits like investing in Bitcoin.

Big gold investors can still get profit from it but it takes time compared to the span of how bitcoin moves.

[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.

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.

That is so true. The rich don't hold vast cash on their bank accounts but they're all in the stocks, real estate and other investments that they have.

And you have just said perfect example about what inflation is with fiat. The value of it decreases although the quantity isn't if you save it on your bank account.

While with Bitcoin and gold, they're appreciating and their value goes up.

[beerlover]

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

While the volatility that gold gets isn't that much and it's the preferred investment of many traditional investors. The risk that Bitcoin has is certainly worth it to take.

But we're not the same kind of investors and I agree that if an investor has to go with the safe route of investing then gold is the choice that they need to have.

That is because traditional investor doesn't know what they are doing, and that's an important part of the question as well. I think gold is not a bad investment by the way, I think it's a quite good one, I am just saying that we are not going to end up seeing anything marginal with it, it's quite normal and nothing shocking.

I believe that the best thing we could do right now would be just focusing on how bitcoin is far superior if the intention is to make money, and there are a lot of people who do not realize that. I think because of this, we should be considering how to make money in a better way, we should consider getting that done and probably will do a lot better in the end as well. Gold is great, but bitcoin is simply better.

[bestcoins1]

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.

This is something that some people still don't understand at the moment, so there are still people who like to save fiat money and they even still put it in banks. For me it is very funny when they don't use the money, but rather entrust it to the bank to keep it. Even though he can turn the money around in business and also invest in assets in several places to be able to get a bigger profit in the future than just saving it without turning it over at all. And I think people who still have thoughts like that should read more about proper education about how to manage money and also how to multiply money through investment so that they can be helped a little by inflation conditions.

[Huppercase]

This is something that some people still don't understand at the moment, so there are still people who like to save fiat money and they even still put it in banks. For me it is very funny when they don't use the money, but rather entrust it to the bank to keep it. Even though he can turn the money around in business and also invest in assets in several places to be able to get a bigger profit in the future than just saving it without turning it over at all. And I think people who still have thoughts like that should read more about proper education about how to manage money and also how to multiply money through investment so that they can be helped a little by inflation conditions.

You're speaking like you don't have no fiat at all in your account, I'm not sure unless you have a security vault at home to yourself where you keep money everyday. The thing is that saving some fiats isn't something that is bad provided that you do it in small quantity against emergency, you can also keep some to pay cable bills, keep some to pay delivery and also for emergency medical bills, this situation is can't be deny unless you leave in a village and not a remote area.

It's only bad when you save all your money because you don't want to use the money for that time and you entrust it into the hands of the banks, this is not helpful at all because your money is going to lose value and the banks will be the one using it for investment, and after some years of savings, you will found out that th money has reduce some value most especially if you are coming from a country that has high inflation, what you bought for $1 will be selling for $1.5 after sometimes.

[boyptc]

While the volatility that gold gets isn't that much and it's the preferred investment of many traditional investors. The risk that Bitcoin has is certainly worth it to take.

But we're not the same kind of investors and I agree that if an investor has to go with the safe route of investing then gold is the choice that they need to have.

That is because traditional investor doesn't know what they are doing, and that's an important part of the question as well. I think gold is not a bad investment by the way, I think it's a quite good one, I am just saying that we are not going to end up seeing anything marginal with it, it's quite normal and nothing shocking.

I don't think that they don't what they are doing, actually they know what they are doing.

Gold is a good one and it has been there for so long but even with that, I don't have it and chose to invest more in BTC because I know it more and I am more familiar with it.

I believe that the best thing we could do right now would be just focusing on how bitcoin is far superior if the intention is to make money, and there are a lot of people who do not realize that. I think because of this, we should be considering how to make money in a better way, we should consider getting that done and probably will do a lot better in the end as well. Gold is great, but bitcoin is simply better.

I agree, we're the same on this and 100%.

[oktana]

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.

This is something that some people still don't understand at the moment, so there are still people who like to save fiat money and they even still put it in banks. For me it is very funny when they don't use the money, but rather entrust it to the bank to keep it. Even though he can turn the money around in business and also invest in assets in several places to be able to get a bigger profit in the future than just saving it without turning it over at all. And I think people who still have thoughts like that should read more about proper education about how to manage money and also how to multiply money through investment so that they can be helped a little by inflation conditions.

Well, I do not see it that way. People who save their money in fiat shouldn’t be blamed because it only they knew better, they’ll make changes and do better. The only reason you can speak this way is because you have learnt the better way and before now, you were no different from them. And education doesn’t teach one to invest, rather teaches what we’re seeing today.

[STT]

The only big real point in favor of FIAT is liquidity which can be important to an economy.  Obviously politics favors itself in this respect and the control given to the ruling regime.

Gold cannot be duplicated or invented except by exact known processes so it has been seen as the most genuine of currencies.

Bitcoin is obviously best suited online to the modern age and many think it will take over completely for that reason; imo some combination of all three continues but with a vastly different balance to the present seems likely as we see the flaws in FIAT unfold.

[taufik123]

The only big real point in favor of FIAT is liquidity which can be important to an economy.  Obviously politics favors itself in this respect and the control given to the ruling regime.

Gold cannot be duplicated or invented except by exact known processes so it has been seen as the most genuine of currencies.

Bitcoin is obviously best suited online to the modern age and many think it will take over completely for that reason; imo some combination of all three continues but with a vastly different balance to the present seems likely as we see the flaws in FIAT unfold.

The most original currency because it is indeed very difficult to get it.
But gold cannot be divided into small amounts and is difficult to use as a currency for a day.
Gold also has the disadvantage of modern payment systems now using Fiat as a means of payment that is easier to do.
Gold is also said to be a "SAFE HAVEN" asset that can be a good hedge and resistant to inflation.

And about what combination you mean, all three have their own weaknesses.
Bitcoin is indeed suitable as a decentralized online currency and cannot be regulated by anyone.
But the disadvantage is in high volume, which will result in fairly fast price fluctuations.

So in conclusion, each has advantages and disadvantages that complement each other and of course Bitcoin is a more revolutionary asset and is still being developed.

[tottong]

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

Whatever people can say is according to their individual interests and if you are able to study the best then gold and bitcoin are the choices.
Let's look at it simply, gold has resistance in terms of value even though the profits are stable and vice versa with bitcoin, this asset is quite speculative but can provide quick profits when people dare to hold it.

Then when it comes to money, it will continue to depreciate and its value will continue to decrease in the long term. Money in the commodity definition is certainly much better than the two because currently almost all people use money to make purchases.
But if we talk about long-term use as a measure to maintain value, gold and bitcoin are much better because they have strong resistance compared to money.

[Xcode7]

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

Whatever people can say is according to their individual interests and if you are able to study the best then gold and bitcoin are the choices.
Let's look at it simply, gold has resistance in terms of value even though the profits are stable and vice versa with bitcoin, this asset is quite speculative but can provide quick profits when people dare to hold it.

Then when it comes to money, it will continue to depreciate and its value will continue to decrease in the long term. Money in the commodity definition is certainly much better than the two because currently almost all people use money to make purchases.
But if we talk about long-term use as a measure to maintain value, gold and bitcoin are much better because they have strong resistance compared to money.

Gold and Bitcoin are the two best investments with the same goals and different paths, so these cannot be equated, Bitcoin with its large percentage of profits in the future and Gold with its price stability which makes this investment liked by many people, there are many advantages and strengths between the two, but what is certain is that each investment has a percentage that is worth it between possible profits and losses.

It is true, money is an interest and use in everyday life, I think this will be different from investment and if someone intends to collect as much money as possible without doing anything, it is a mistake because inflation can cause harm to the holder, even if it is only a little.

[Kriptogram14]

Whatever people can say is according to their individual interests and if you are able to study the best then gold and bitcoin are the choices.
Let's look at it simply, gold has resistance in terms of value even though the profits are stable and vice versa with bitcoin, this asset is quite speculative but can provide quick profits when people dare to hold it.

Then when it comes to money, it will continue to depreciate and its value will continue to decrease in the long term. Money in the commodity definition is certainly much better than the two because currently almost all people use money to make purchases.
But if we talk about long-term use as a measure to maintain value, gold and bitcoin are much better because they have strong resistance compared to money.

Everything has a certain value, and they are all equally good, it depends on what kind we want, if you want to invest for the long term it is better to choose Gold and Bitcoin, because they have high value in the future, if Fiat money is for our daily use and for our buying and selling needs, when we have a lot of Fiat savings it is better for us to use it to buy Gold and Bitcoin rather than saving it which will end up being affected by inflation, Gold and Bitcoin are safe from inflation so it will benefit us in the future, by investing in Gold and Bitcoin, that's the right way.

[tottong]

Gold and Bitcoin are the two best investments with the same goals and different paths, so these cannot be equated, Bitcoin with its large percentage of profits in the future and Gold with its price stability which makes this investment liked by many people, there are many advantages and strengths between the two, but what is certain is that each investment has a percentage that is worth it between possible profits and losses.

It is true, money is an interest and use in everyday life, I think this will be different from investment and if someone intends to collect as much money as possible without doing anything, it is a mistake because inflation can cause harm to the holder, even if it is only a little.

If you want to pursue a profit percentage then Bitcoin is the right choice, but if someone wants a safe investment then gold is the choice.
The profit percentage for the two is different because bitcoin is speculative so it can provide large profits in certain periods. Gold does not have advantages in this regard because gold tends to be stable.
Everything that involves money has a certain level of risk involved and the most important thing is how we can maximize that risk to make it smaller.

Saving money for the long term will never be productive because money cannot provide benefits without being used in more productive places such as investment or business.

Everything has a certain value, and they are all equally good, it depends on what kind we want, if you want to invest for the long term it is better to choose Gold and Bitcoin, because they have high value in the future, if Fiat money is for our daily use and for our buying and selling needs, when we have a lot of Fiat savings it is better for us to use it to buy Gold and Bitcoin rather than saving it which will end up being affected by inflation, Gold and Bitcoin are safe from inflation so it will benefit us in the future, by investing in Gold and Bitcoin, that's the right way.

For long-term users, we must understand the impact produced and when we save whether the money can provide maximum benefits, while in the long term the money will continue to lose value.
If bitcoin and gold are an option then do it responsibly and most importantly don't pushed outside beyond your ability to be responsible.
Bitcoin and gold have the ability to maintain value so investing in both can protect the value of the currencies we own.

[sekalitas]

For daily use, of course, I'll choose fiat. Even though cryptocurrencies like Bitcoin can be transacted in small amounts using satoshi, what if only a small percentage of people accept it as payment? Forget Bitcoin, even digital wallets are still limited in my country; most people still prefer cash. As for investment, I won't use fiat; I choose to save it only for an emergency fund, no more.

For saving my wealth from inflation, I'll prefer gold because my goal is just to preserve my purchasing power, not to gain additional profit. And for getting a potentially high profit, I'll choose Bitcoin because you already know that cryptocurrency can give very high profits, especially memecoins, but the risk is quite high too. So, in my opinion, I'll choose all three, and I can't choose an all-in-one solution.

[Dr.Osh]

For daily use, of course, I'll choose fiat. Even though cryptocurrencies like Bitcoin can be transacted in small amounts using satoshi, what if only a small percentage of people accept it as payment? Forget Bitcoin, even digital wallets are still limited in my country; most people still prefer cash. As for investment, I won't use fiat; I choose to save it only for an emergency fund, no more.

For saving my wealth from inflation, I'll prefer gold because my goal is just to preserve my purchasing power, not to gain additional profit. And for getting a potentially high profit, I'll choose Bitcoin because you already know that cryptocurrency can give very high profits, especially memecoins, but the risk is quite high too. So, in my opinion, I'll choose all three, and I can't choose an all-in-one solution.

Yes, in fact, every day the largest user of money is Fiat, and I think the percentage of Fiat usage is higher than gold and bitcoin. However, if people were asked for the same amount as $100 fiat, $100 gold, or $100 bitcoin, then the largest percentage would likely be fiat. So, if we discuss the most popular and widely used money or medium of exchange, then fiat is the winner. However, if we return everything to its function, then they all have their own advantages and popularity.

[AprilioMP]

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.

🤦‍♂️

Both gold, fiat and bitcoin as a medium of exchange or as a currency depending on the use of each individual.
For me, gold is no longer used as a currency after Fiat is an agreed payment tool. Gold has become an asset that is stored because of its different values ​​from Fiat which continues to decrease due to inflation.

The presence of Bitcoin is the best alternative. Yes. Bitcoin as a currency that can be used as a means of payment very easily can also be used as a long -term investment asset. Slowly, intelligent thinkers have begun to recognize that Bitcoin is better as an alternative currency because the system is transparent and even becomes an asset that can be expected in the future.

However, the interested parties continue to argue that Bitcoin is far worse because it can be used for bad actions.

[NotATether]

Yes, in fact, every day the largest user of money is Fiat, and I think the percentage of Fiat usage is higher than gold and bitcoin.

You think that the percentage of fiat usage is higher than gold and bitcoin? Of course it is higher. You are basically talking about all of the nations' currencies together, versus gold and bitcoin. What other option was it going to be?

If you want to pursue a profit percentage then Bitcoin is the right choice, but if someone wants a safe investment then gold is the choice.
The profit percentage for the two is different because bitcoin is speculative so it can provide large profits in certain periods. Gold does not have advantages in this regard because gold tends to be stable.

Keep in mind that as Bitcoin gets more adoption the speculation will become less and less. But we are a long way from that.

[tottong]

Yes, in fact, every day the largest user of money is Fiat, and I think the percentage of Fiat usage is higher than gold and bitcoin.

You think that the percentage of fiat usage is higher than gold and bitcoin? Of course it is higher. You are basically talking about all of the nations' currencies together, versus gold and bitcoin. What other option was it going to be?

That's because fiat is a legal transaction tool for most countries, so it is natural that fiat has become more widely used compared to gold or bitcoin.
If you compare the use of gold, bitcoin and fiat are not relevant because bitcoin and gold are not legal transaction tools.
I don't think there is an option for that when fiat currency is still a legal transaction tool and bitcoin in particular is only used as an investment asset for most countries.

Keep in mind that as Bitcoin gets more adoption the speculation will become less and less. But we are a long way from that.

This means that when speculation decreases, achieving big profits will also become increasingly limited.
Hopefully in the next few periods this will not happen because we still need what is called speculation to achieve maximum profits.