[Bitcoin or Gold] choose correctly

[Darker45]

Before, jewelry and ornamentals are the first things that come to mind when talking about gold. Now, not anymore. When talking about gold, I think of investment, store of value, currency standard. It's perhaps because of my exposure to Bitcoin, particularly of its constant comparison with gold and the old standard of doing money, that gold has become more than just a material mostly used for jewelry and electronics.

When talking about Bitcoin, I think of freedom money, a decentralized currency independent from political and economic maladies that greatly affect the monetary system.

I think it's not bad to have Bitcoin and gold in your basket.

[Marvell1]

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.

This is absolutely not true. In addition to its role as jewelry, a global reserve asset and a hedge against inflation, gold is also used in many industries such as dentistry, cuisine, medicine and pharmaceuticals...It can be said that the practical application and demand for gold is huge and will never be enough even if we mine more gold. Don't just because we are bitcoin investors deny the importance and benefits that gold brings to honor bitcoin.

The image you provided can only say that storing bitcoin is much more convenient than gold, and that is one of the advantages of bitcoin over gold. But that doesn't mean gold is as bad as you say, gold also has advantages that bitcoin doesn't have. It can be said that both are good assets and are used in different situations, we should take advantage of both instead of speaking ill of each other.

[Kemarit]

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.

Definitely, it terms of investment, I would go with Bitcoin anytime, although I was also a avid fans of Gold in terms of it as being used as jewelries, good investment as well specially bracelet and necklace as you can easily pawn it if you need quick money. But you also have to be very smart as well not to pawn it to a price that you can't pay.

But in terms of Bitcoin in the last 8 years or so, turns out to be a really good investment in terms of returns. So no doubt, that's why most of us here chooses to be in this market because of that very reason, ROI is greater that if you simply buy Gold in 206-2017 and just hold on it. And so there are a lot of pros and cons, but simply put, Bitcoin is the best assets that we have right now, more than Gold, no argument about it.

[slapper]

Gold's cool. It's bright and ancient. Bitcoin, man, is different. Not only money, but freedom. Regain control, dude. The future of finance is here. No stuffy bank should tell you what to do. No authorization required. Need only Bitcoin. Take charge of your money. It's about joining a movement bigger than government or corporation. It's about being woke, man

Although getting rich is possible, it's not everything. Changing our wealth mindset. Building a decentralised, democratic economy is the goal. Take authority from elites and give it to people. Being part of something revolutionary

[Despairo]

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)

But the fee in exchanges is transparent, anyone can check the taker/maker fee and withdrawal fee, while pawnshop that claim the gold is already old has no rule.

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.

Why need to afraid Bitcoin would be hacked or stolen as long as you have a good security and privacy. The total number of possible Bitcoin private keys is really huge and there are no technology yet can break Bitcoin's security.

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

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

True, there are more scammers in cryptocurrency.

But, they lost their coins because of their own mistakes e.g. clicking random link, connecting their wallet to random exchange, bad OPSEC etc.

[jaberwock]

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.

Maybe on that specific shop only? Because shops in my area are selling gold for less than $100. It is also possible that they don't have a smaller stock of gold for now. Anyway, having a BTC for investment is still nice. You ask if where you can get a $5k to invest on that gold you saw in the shop but maybe BTC can help you with that. Money invested in gold is not wasted because you can still pawn or sell the item and what's good is that it also appreciates just like BTC.

BTC is digital but our keys can still be exported physically and it is possible to lose them if we are not careful enough but no doubt that BTC or its private key might still be less attractive in the eyes of the many.

[Bitstar_coin]

Gold can also be easily accessed depending on the location you are. Gold is more than just an accessories to beautify one's self . It is a strong store of value that you can rely on for price stability. Gold has little price fluctuation unlike btc.
I don't see gold as you see it, even though btc seem to be the most sort out asset for investment in recent times mostly because of its ability to rise very high in price and durable in nature being a digital currency, gold still holds a lot of value in the hearts of old timers.
You can always put your investment on both and you won't regret doing so although btc has a upper hand when it comes to price movement.

[aylabadia05]

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.

Bitcoin or gold? yes bitcoin with the explanation that the return price is greater due to fluctuations in market prices and long -term investment that is more profitable than the hedge that comes to my mind when hearing the name Bitcoin because it I need to say again.
I also chose gold as a backup option when one day faced the urgent situation when Bitcoin was not appropriate to be sold because the price was below the purchase price.

[Findingnemo]

Why does it always have to be Bitcoin or Gold, I'd appreciate it if we had things like Bitcoins and Gold.

Gold is good for starters, well I don't really classify it as investment because the growth rate is just about as the inflation rate but it's been constantly growing and the chances of going down is pretty much zero so if you are in your 20's then I advise you to have certain amount of gold under your portfolio as well.

Talking about bitcoin it has it's pros like the ROI is too high that can't be met by Gold while the con is it's volatility so people need to know what they are getting into will help them to tackle the market trends.