[Bitcoin or Gold] choose correctly

[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.

[SmartGold01]

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.

Bitcoin has been known for it's volatility and off course there are people who still love holding Gold over bitcoin due to that nature, but currently Bitcoin is much more better with the reason I have explained on above.
Gold can be somewhat restrictive where you can't quickly have access to purchase them except you move out those places is being sold while bitcoin only requires you to sign up on exchange or buy it through p2p platform.

[batang_bitcoin]

I have also chosen Bitcoin and not to say the obvious, we're in the forum. Although I like gold and getting some interest on it but not with gold bars but with jewelries. I think that they're also a good one when I need some quick cash but if that's gonna be my purpose, Bitcoin is liquid too and compared to these jewelries, I have to go to the pawnshop and have it pawned and the value might even be lower from my purchased amount depending on the rates of that pawnshop. So, in terms of this, thumbs up to Bitcoin everyone!

[Helena Yu]

I'd say "choose subjectively" instead of "choose correctly" because both of them are good investment, it just depend on each person which one they want to choose or they want to own both.

Although I like gold and getting some interest on it but not with gold bars but with jewelries.

If you choose jewelries as a form to invest in gold, I'd say it's a terrible idea since the value of jewelries and gold bars are not same, jewelry shops sell high and you will not earn as much as gold bars.

[Uruhara]

I think the majority of us here would probably choose Bitcoin over Gold. But that doesn't mean you don't want gold. It's just that this is really about choices if you have to choose one of them. of course bitcoin is also my choice. Because the reason is because I see the potential for quite large profits in the future if we hold it from now on. because I think greater adoption will continue to come. And the limited supply of bitcoin will make the price much higher than we imagine in the future. Gold is just my preference when it comes to storing value. but regarding investment and profits, Bitcoin is the choice that I choose with confidence. Because now we are moving in an era of digitalization where everything will move more in the digital sector or on the internet. So the level of transactions on the internet will increase and the use of crypto will one day become commonplace for everyone.

[sunsilk]

I'd say "choose subjectively" instead of "choose correctly" because both of them are good investment, it just depend on each person which one they want to choose or they want to own both.

That is on point because a bias of ours can be said that we're choosing it correctly because we like it and we know much about it. But that's the advantage of knowing what suits our investing style.

And telling that choosing subjectively, each investment really differs and one can be the better asset for you and not for the others and vice versa.

Like in us, we're all Bitcoin investors and if not, most of us here are but we don't know if many of us here are also gold enthusiasts and investors.

[Lucius]

I think the choice is very simple, you don't have to choose at all - Bitcoin and gold both have their advantages and disadvantages that everyone should consider.

Gold has been in human culture for thousands of years, it has its indisputable value and trust in every corner of the world. In addition to jewelry and as a store of value, gold is also used in the manufacture of electronics, and even has medical applications or in the manufacture of glass and in many other areas. In the event that some kind of global disaster occurs and the world is left without electricity and the internet, gold will always be a means that people will use for trade.

The bad side of gold is that its exploitation is a very dirty and destructive business for the environment, you only have to look at the example of Guatemala and the massive destruction of primeval forests to get to the gold - and it's like that all over the world.

In a way, Bitcoin is digital gold with one important difference, it has a limited supply, which is very important to emphasize when comparing it with gold. Also, regardless of the fact that some persistently try to impose their agenda about how BTC mining pollutes the environment and consumes too much electricity, these myths have long been dispelled and are believed only by those who are unable to check the facts themselves.

Bitcoin is an extraordinary innovation in the digital world that allows us to be our own bank, and therefore to make transactions with anyone at any time without having to ask for anyone's approval. In addition, those who invested in BTC only during the past 10 years can today be considered really rich people (depending on how much they invested), and those who bought gold can be happy if they at least partially preserved their value.

[Taskford]

I'd say "choose subjectively" instead of "choose correctly" because both of them are good investment, it just depend on each person which one they want to choose or they want to own both.

That is on point because a bias of ours can be said that we're choosing it correctly because we like it and we know much about it. But that's the advantage of knowing what suits our investing style.

And telling that choosing subjectively, each investment really differs and one can be the better asset for you and not for the others and vice versa.

Like in us, we're all Bitcoin investors and if not, most of us here are but we don't know if many of us here are also gold enthusiasts and investors.

Also we are in bitcoin forum so for sure if there would be a question like this for sure all will prefer to choose bitcoin since there would be a bias upon selecting an asset to have.

But in reality of that investment choices for sure the investor would select both, since its really  more better to adapt those two good asset since we can take advantage on its potential. BTC and gold price rise up that's why its good for us to acquire this especially if we are fine waiting for price to appreciate for more longer years. I invest on bitcoin and also I frequently acquiring gold then yet so far I'm bullish with these two assets.

[Wexnident]

~

You can choose both though? I don't really see any conflict between the two but if you were asking which asset to choose first to invest to, I'd generally advice Bitcoin. As you've said, it's a lot more accessible and has basically no minimum limit on how much you can buy, unlike gold. If you have some sizeable amount and can afford both, then why not just buy both in the first place? People advise all the time to spread out your portfolio after all.

Though I guess with the same mindset like you OP, most people would also choose Bitcoin. I mean who would choose something they see as for "fashion" only as their first asset to buy no?

[sunsilk]

That is on point because a bias of ours can be said that we're choosing it correctly because we like it and we know much about it. But that's the advantage of knowing what suits our investing style.

And telling that choosing subjectively, each investment really differs and one can be the better asset for you and not for the others and vice versa.

Like in us, we're all Bitcoin investors and if not, most of us here are but we don't know if many of us here are also gold enthusiasts and investors.

Also we are in bitcoin forum so for sure if there would be a question like this for sure all will prefer to choose bitcoin since there would be a bias upon selecting an asset to have.

Yes, being biased is out of the question because the question and the thread are on a Bitcoin forum so, the obvious choice is there.

But in reality of that investment choices for sure the investor would select both, since its really  more better to adapt those two good asset since we can take advantage on its potential. BTC and gold price rise up that's why its good for us to acquire this especially if we are fine waiting for price to appreciate for more longer years. I invest on bitcoin and also I frequently acquiring gold then yet so far I'm bullish with these two assets.

While that might be true.

There are investors that focus on one thing and put an all out of their asset on it and don't want to go anywhere. And when that investor matures, that's the time when diversification happens.

Gold is a good option but I can't speak for myself because I have never owned gold and never bought it. I'm already good holding the digital gold of this era, Bitcoin. 

[batang_bitcoin]

Although I like gold and getting some interest on it but not with gold bars but with jewelries.

If you choose jewelries as a form to invest in gold, I'd say it's a terrible idea since the value of jewelries and gold bars are not same

I know that they're not the same but with jewelries, they're more usable and easy to liquidate since people know its value and they're still desirable up to this day.

jewelry shops sell high and you will not earn as much as gold bars.

But you don't have to carry all the weight. I know that bars are more valuable than the jewelries but you're not convenient bringing that to the store or pawnshop or wherever you want to sell it when you've got that much. But with this, Bitcoin wins this kind of problem.

[fuguebtc]

I'd say "choose subjectively" instead of "choose correctly" because both of them are good investment, it just depend on each person which one they want to choose or they want to own both.

It will all depend on each person's preferences and needs, both assets are good and have different advantages and disadvantages as well as use cases. In addition, those who are smart investors will choose to diversify both instead of putting all their eggs in one basket.

Although I like gold and getting some interest on it but not with gold bars but with jewelries.

If you choose jewelries as a form to invest in gold, I'd say it's a terrible idea since the value of jewelries and gold bars are not same, jewelry shops sell high and you will not earn as much as gold bars.

I agree, if you have the ability to invest in gold, you should choose gold bars instead of gold jewelry because gold jewelry has a large price difference when buying and selling. But investing in gold jewelry will be easier because it doesn't require too much capital, but with gold bars we will need a large amount of capital. That is probably also the reason why many people hesitate to invest in gold bars.

[LeGaulois]

I'm ok with what you say but not about the bad side of Gold and its exploitation. We have the tendency to forget there are many things that can be done to limit the environmental impact. It was a point that concerned the Minamata Convention (a decade ago). But as you know, as long there is a lot of money to make, they don't really care about environment.
As you can mine bitcoins with green energy, you can mine gold more correctly, a kind of "green gold". There are labels such as Fairmined and Fairtrade.

some persistently try to impose their agenda about how BTC mining pollutes the environment and consumes too much electricity

Funny because yesterday Vladimir Putin has warned of the “uncontrolled growth” in electricity consumption required for cryptocurrency mining in Russia.