[Bitcoin or Gold] choose correctly

[SmartGold01]

Well I made this post on how people could view from having Bitcoin or Gold. Please give your reasons for choosing any of this let us know how people could classify gold and bitcoin.
To me gold is more of fashion using it for beauty than bitcoin, when you talk about gold you remember your lovely clothes that is designed by Gold, your lovely necklace, ear ring name it all this is were we can classified gold mainly for beauty and design even though it is used as store of value or as a reserved fund.

Bitcoin: when you hear about bitcoin what comes into your minds, investment, savings, peer-to-peer and mining. Apart from that what else comes into your mind?
In general I choose bitcoin over Gold because it's more accessible, and one can acquire it at any given time and moment irrespective of how much you are holding it's not like gold you must have some thousand of dollars to acquire it. In all, Bitcoin there's no restrictions on the total amount of bitcoin you could own or have in your custody provided you use the right wallet and have your details stored you are good to go.

Feel free to discuss here let us have the general overview from people towards Bitcoin and Gold.

[Stalker22]

Id take Bitcoin over gold any day of the week.  Now, dont get me wrong here - I can appreciate the beauty of gold when its made into jewelry or other decorative stuff.  But if were talking investing money and keeping value safe, Bitcoin is my top choice. 

Gold has got limits because of its physical nature and  you gotta keep it somewhere secure, and it isnt exactly easy to carry around.  Bitcoin though - its digital.  It can be accessed and sent all over the globe pretty much whenever just with a few little clicks.   

Plus, Bitcoin has way higher potential for growth compared to gold.  Since its a brand new asset type with a capped supply, it creates scarcity and drives demand upwards.

[Wiwo]

The only time I will consider gold is when I just want to diversify from bitcoin and most times, I don't pay any close attention to any form of investment because bitcoin offers me the highest form of assets, in terms of security and privacy, no wonder bitcoin is considered to be the digital gold, that is the upgraded form of asset.

Bitcoin is much more higher than gold in terms of value and usage, because while bitcoin plays multiple roles, Gold on the other hands play just a single role.

Let me go further by saying bitcoin plays the role of asset and currency, Gold on the other hand plays the asset role alone, bitcoin have more scalability than gold.

[Raflesia]

All have their own views because after all both have their own uniqueness and when this question is asked in a forum that focuses on bitcoin then surely the answer will be the same but it will be different when this is asked in a forum or in a community that does prioritize gold as their investment vehicle.

That happened with my answer now because after all bitcoin is now like a part of my life so clearly bitcoin will be the first choice that will be chosen.   The problem that is always discussed is about the risk in this case but in the end we also have to realize the greater your risk, the better the results we will get and it will be different from those of us who choose gold because the risk of being in gold is actually safer and more comfortable but on the other hand the profits we make will not be greater than when we are in bitcoin with a much higher risk.

[Rruchi man]

Well I made this post on how people could view from having Bitcoin or Gold. Please give your reasons for choosing any of this let us know how people could classify gold and bitcoin.
To me gold is more of fashion using it for beauty than bitcoin, when you talk about gold you remember your lovely clothes that is designed by Gold, your lovely necklace, ear ring name it all this is were we can classified gold mainly for beauty and design even though it is used as store of value or as a reserved fund.

You see gold as something concerned with fashion because you are witnessing a more advanced stage of it where it has been refined into a form that can be worn around. The very old people know that prior to bitcoin, gold was the real investment that you can move around with, an advance of real estate.

Bitcoin is an advance of gold and that makes it an even better choice, we are informed and we know this.

Bitcoin: when you hear about bitcoin what comes into your minds, investment, savings, peer-to-peer and mining. Apart from that what else comes into your mind?

Currency comes to mind.

[Renampun]

...

Feel free to discuss here let us have the general overview from people towards Bitcoin and Gold.

I like gold as part of a beauty complement that cannot be separated from women forever, but for long-term investment, Bitcoin is much better because it promises bigger profits, so if asked to choose between gold or Bitcoin, which would I want to make as an investment choice, the answer would be are bitcoin.

Apart from that, Bitcoin can be liquidated quickly, less than an hour and can be done on a smartphone wherever we are, you can transfer it and take it anywhere you like easily, so in my opinion Bitcoin is far superior to gold.

[trendcoin]

First of all, I think both are solid money and both have advantages over each other. Bitcoin is an easier asset to carry and store. It also has better divisibility than gold.  Gold is a solid store of value that has been in human history for thousands of years. The world's gold stocks are known. Alchemists can't do hocus pocus. There is gold in space, but it costs more to transport it here. In short, I like both and I try to accumulate both as much as possible...

[Mr.sprin]

First of all, I think both are solid money and both have advantages over each other. Bitcoin is an easier asset to carry and store. It also has better divisibility than gold.  Gold is a solid store of value that has been in human history for thousands of years. The world's gold stocks are known. Alchemists can't do hocus pocus. There is gold in space, but it costs more to transport it here. In short, I like both and I try to accumulate both as much as possible...

Agree with your opinion, both of them have fantastic value, both of them also generate profits and we can use them for long-term investments, because gold cannot be affected by inflation and neither can bitcoin, so I think if we can choose both, what's the problem? , as much as we can, trying to invest in gold and bitcoin is fine, because both are very valuable in our eyes, it can guarantee the future when we can collect them as our assets to use in the future so that our economy continues to be stable, everyone's dream people can collect as much gold as possible, it can be used as jewelry and also our investment, bitcoin too, can guarantee our future for our savings and assets.

[lovesmayfamilis]

Well I made this post on how people could view from having Bitcoin or Gold. Please give your reasons for choosing any of this let us know how people could classify gold and bitcoin.
To me gold is more of fashion using it for beauty than bitcoin, when you talk about gold you remember your lovely clothes that is designed by Gold, your lovely necklace, ear ring name it all this is were we can classified gold mainly for beauty and design even though it is used as store of value or as a reserved fund.

Bitcoin: when you hear about bitcoin what comes into your minds, investment, savings, peer-to-peer and mining. Apart from that what else comes into your mind?
In general I choose bitcoin over Gold because it's more accessible, and one can acquire it at any given time and moment irrespective of how much you are holding it's not like gold you must have some thousand of dollars to acquire it. In all, Bitcoin there's no restrictions on the total amount of bitcoin you could own or have in your custody provided you use the right wallet and have your details stored you are good to go.

Feel free to discuss here let us have the general overview from people towards Bitcoin and Gold.

I will add existing topics.

Bitcoin Vs Gold, land which better?
What are the pros and cons of gold compared to bitcoin?
Bitcoin or Gold?
Bitcoin or Gold?
Bitcoin or Gold? What would you pick?
Bitcoin or gold?
.....................etc

[legendbtc]

We are participating in the bitcoin forum and we are all bitcoin investors, what do you expect from everyone? So I'm pretty sure, we're not going to find the answer that someone is going to choose gold over bitcoin. There will only be some people who are more cautious with their investments, they will choose to diversify and gold will be their additional choice. The remaining people will definitely choose bitcoin because only bitcoin can help them realize their dream of becoming rich with their little capital.

For now I would also choose bitcoin and only bitcoin because I have the same goals as many people here but when I have significant capital then gold will also be my additional choice. Whether we admit it or deny it, gold is still the most reliable and safe asset along with real estate.

[Davidvictorson]

Well I made this post on how people could view from having Bitcoin or Gold. Please give your reasons for choosing any of this let us know how people could classify gold and bitcoin.

I walk into a gold shop and after asking how much a small piece is sold, I walked and bought bitcoin for less than $100 one of many I'll be buying weekly. You know, all these shops that sells gold require you to buy around $5k. Where am I going to get that kind of money from. As a Millennial who works very hard, I don't have that much money in my bank accounts. And this is why I gladly chose bitcoin because with Bitcoin, I can buy at any amount. Keep it safe and go to bed peacefully at night. I don't think I can do the same with gold.

[kryptqnick]

Gold is tangible, has an upward long-term trend, isn't normally accepted as payment, and has been considered valuable by humanity for thousands of years. Bitcoin is intangible, has an upward long-term trend, is sometimes accepted as payment, and has been considered valuable for over a decade (although certainly not as universally as gold).
Bitcoin is easier to obtain, transfer, and sell, and you don't have to worry about it being fake. Gold is trickier, but is quite widespread and has a decent liquidity.
Bitcoin is more appealing and more convenient for me, but Bitcoin or Gold is a false dilemma because you can also do both or neither.

[peter0425]

Well I made this post on how people could view from having Bitcoin or Gold. Please give your reasons for choosing any of this let us know how people could classify gold and bitcoin.
To me gold is more of fashion using it for beauty than bitcoin, when you talk about gold you remember your lovely clothes that is designed by Gold, your lovely necklace, ear ring name it all this is were we can classified gold mainly for beauty and design even though it is used as store of value or as a reserved fund.

This is a result of how gold is perceived in the community. You have associated it with something used in our daily lives even more that you associate it to beauty which I am sure a lot of people do. Beauty=Gold so this drives up the perceived value of gold.

Bitcoin: when you hear about bitcoin what comes into your minds, investment, savings, peer-to-peer and mining. Apart from that what else comes into your mind?

I think of a decentralized digital currency.

In general I choose bitcoin over Gold because it's more accessible, and one can acquire it at any given time and moment irrespective of how much you are holding it's not like gold you must have some thousand of dollars to acquire it. In all, Bitcoin there's no restrictions on the total amount of bitcoin you could own or have in your custody provided you use the right wallet and have your details stored you are good to go.

You said it well and addition to this is holding bitcoin lessens the worry for holding. Of course you still want to hold it in a safe secure place but with gold, it requires you to have a much larger physical space which makes it difficult to sell urgently.

[Iranus]

Well I made this post on how people could view from having Bitcoin or Gold. Please give your reasons for choosing any of this let us know how people could classify gold and bitcoin.

I walk into a gold shop and after asking how much a small piece is sold, I walked and bought bitcoin for less than $100 one of many I'll be buying weekly. You know, all these shops that sells gold require you to buy around $5k. Where am I going to get that kind of money from. As a Millennial who works very hard, I don't have that much money in my bank accounts. And this is why I gladly chose bitcoin because with Bitcoin, I can buy at any amount. Keep it safe and go to bed peacefully at night. I don't think I can do the same with gold.

I admit to you that buying gold sometimes requires a certain amount of money, but this is the first time I've heard that to be able to own gold, you need a minimum amount of 5k$. In my country, for only 100 USD, you can buy gold in ring form but it is very thin and comes in many different designs at many different prices. And with less money I'm not sure because I haven't tried it but I'm sure buying gold is not as difficult as you describe.

But it cannot be denied that buying bitcoin will be easier because even if we have 20 USD or 50 USD we can still buy bitcoin whenever we want. But I don't think this is the reason you choose bitcoin over gold  .

[Despairo]

People always say gold is the safest asset and it can hedge against inflation, but they forget:

1. If you purchase gold now when the price is $2,411/oz and you choose to sell it in the next 5 years when the gold price is $3,000/oz, it doesn't mean they will value your gold for $3,000/oz, they will say your gold is old, so the value has dropped slightly, they accept your gold for $2,900/oz.

2. It's harder to protect it, you could be robbed if your store in your house, or you will pay some fees to store it in banks' safe deposit box.

3. There's a chance you would get scammed by purchasing fake gold.

While in Bitcoin, there's nothing like that.

[Alpha Marine]

People also buy gold for investment purposes aside just for beauty. Gold is a pretty good investment and a great store of value. The debate will go on and on but at the end of the day, most people will choose based on preference and they'll both give you their reasons why they prepare.
As for me, the reason I'll pick Bitcoin over gold is because I know Bitcoin more than I know gold. I don't even know how to buy gold if I want to get it now,  and if I want to buy it in I form of jewellery or from the black market I might not be able to tell if it's real gold or how many carats golds it is.
If I want to buy in the form of an investment, I don't know what platform or site to buy from.
With bitcoin, I know more than enough. I can do everything about Bitcoin myself and with probably less money.

I can go on and list the features of both coins and state why I'll pick which over which, but the truth is, it's bitcoin I know how to deal with, I don't know how to deal with gold. Perhaps in the future, I will, but I won't abandon Bitcoin for gold, ever. Maybe I'd invest in both of them.

[bitbollo]

I have sold a lot of gold coins. I will have no doubts in what it should preferred between bitcoin and gold.
If you need fast cash, or maybe you're oversea, try to move or exchange your gold and see how much you will loss and how difficult it is this action... other things are literally 0 to me... it should be not just a speculation use but a real world use case!

[ChiBitCTy]

Damn, I don’t think this question has ever been proposed on BitcoinTalk. 

I have a topic discussing the importance of understanding bitcoin is not a replacement for the stock market ( people love to argue with me on this. Greg Maxwell had a nice write up in that thread in agreement, if that tells btc only types anything).

Gold isn’t either.  Those who already have a traditional portfolio established and on track to meet their retirement goals..should own a bit of both for different reasons IMO.  Stocks, btc, gold ..why compare entirely different things is what I always wonder.

[chmod755]

Why not diversify your Bitcoin value gains into precious metals? Bitcoin is more volatile, but gold also has some advantages.

1. If you purchase gold now when the price is $2,411/oz and you choose to sell it in the next 5 years when the gold price is $3,000/oz, it doesn't mean they will value your gold for $3,000/oz, they will say your gold is old, so the value has dropped slightly, they accept your gold for $2,900/oz.

Bitcoin exchanges also charge a fee and have a market depth. You can just make a private sale of gold at spot price (limit sell)

2. It's harder to protect it, you could be robbed if your store in your house, or you will pay some fees to store it in banks' safe deposit box.

Bitcoin allows you to transfer your funds quickly around the world, but your physical gold cannot be hacked or stolen from another place in the world.

3. There's a chance you would get scammed by purchasing fake gold.

People also lose money on fake cryptocurrency exchanges and fake Bitcoins.

I do believe that there are more scammers in crypto than gold.

[DeathAngel]

Bitcoin is superior to Gold in every way you can think of.
This image explains a lot.
$1,000,000,000 in Gold vs $1,000,000,000 in Bitcoin.



Gold is impossible to transport in any meaningful quantities, it can be confiscated easily, it’s hard to use it for anything other than looking pretty. It’s hard to make divisible, t was a great investment a long time ago but now Bitcoin is King.