I am not discriminating gold but Bitcoin is more of your property than gold

[BIT-BENDER]

I came across this video https://x.com/i/status/2031203402143732013 on https://x.com/BitcoinNews it is basically about the difficulty very rich people are experiencing trying to move their gold from the country they are in to another country.
Currently the whole of middle East are in turmoil and they are one region with very rich people especially expatriate, now that they feel like taking a break and leaving they are having difficulty with moving their gold, this will not happen with Bitcoin.

Say all you want about Bitcoin but when it come to moving your property from one country to another even your clothes Bitcoin is faster and less rigorous.

Why Bitcoin is more of your property and can be easily moved compared to gold.

Security: moving your gold is a security risk especially when people already know the wealthy are most likely to valuables like gold moving along with them, if you don't expose yourself your Bitcoin is private and you are secure than gold.

Procedures: there are always required procedures to moving gold, filling of documents, checking your insurance, waiting for approval and other stressful procedures, Bitcoin will not put you through all that.

Speed: it is faster moving Bitcoin than gold

[Felicity_Tide]

I am not discriminating gold but Bitcoin is more of your property than gold

All what you've said has nothing to do with discrimination... It's simply the truth.
When we talk about distinct properties of both assets, their form of existence is always a major discussion, and the pros and cons are always difficult to overlook. In times of war, most people are often forced to sell their physical assets _{(like gold)}, for a discount price because of the pressure. Well, I don't think this Iran-US/Israel war has gotten to that point where the extreme wealthy individuals are forced to do things like this., and I hope to doesn't. But overall, physical assets like gold can be very difficult to manage during massive crisis.

[Creeper0]

Gold is a hard asset that can be held, touched and transported to be transferred. But Bitcoin is an asset that cannot be held, touched and does not have to be transported directly. You can consider Bitcoin as an invisible asset during transportation. If you have memorized the seed phrase, then your Bitcoin will be able to travel around the world without any kind of constraint. But gold cannot do that, because gold is a hard asset.
Since Bitcoin is anonymous, the transactions are also not traceable, so it is possible to cross the borders of the country and transact in other countries without any kind of obstacle.

Speaking of the current situation, the Iran vs. Israel/America war has not yet reached a stage where rich people have to behave unstable with their wealth. Still, stay normal and stay calm.

[Joy_learns_crypto]

Speaking of the current situation, the Iran vs. Israel/America war has not yet reached a stage where rich people have to behave unstable with their wealth. Still, stay normal and stay calm.

The rich no go wait till the stage reach make them come they run helter skelter. The rich are rich because the make plans ahead of situations.
The situation in the Iran against isreal and US war hasn’t reached the level like you think but the rich are already preparing for that instability and doing things that are needed.

[Itz-prisigold]

I am not saying that gold is not valuable,  but when it comes to ownership and moving your wealth,  Bitcoin definitely has the advantage. All this rich people getting stuck because of moving gold out of the Middle East is complicated and stressful process, because of all this paperwork,  waiting for approval, insurance checks and security risks and just thinking about all these things makes the whole process exhausting.

Bitcoin is totally different from other assets, you are not waiting for it to arrive,  you are not clearing customs, or arranging armed security for escorts.  You can move your Bitcoin anywhere in the world in few minutes and it's all completely private and secure. It’s like having all your wealth in your pocket,  ready to go anytime, and no single person have a clue about it, that kind of freedom is really priceless.

The safety, speed, and simplicity that Bitcoin provides is so unique.  Gold and other assets make you stick to their rules,  while Bitcoin truly gives you the freedom for you to do what you want. To me,  that’s more than just money.

[Akaenyi]

Bitcoin is a safer asset to carry around anywhere you are in the world than gold, it has no restrictions even if it is banned in the country that you are, your Bitcoin cannot disappear. Gold is a physical asset and carrying lump of gold is risky, somebody can attach you and steal your gold and that is the end of it. Remember that Bitcoin is not totally risk free, if you lose the device that is your access to your coins and lose your seed phrase then you have lost your coins forever.

You can even be physically attacked if criminals know that you hold many Bitcoin, we have heard a lot of stories about attacks on crypto holders. Bitcoin and gold have their own different risks to move from one country or location to another but Bitcoin risks are far lesser than that of gold. A good reason is Bitcoin is a digital asset while gold is a physical asset.

As for being your property if you own Bitcoin or gold that means that it is your property, I don't think that one is more your property than the other.

[AVE5]

In terms of using any of the valuable treasury such as bitcoin and gold to make payment conveniently or to store assets safely against physical threats, bitcoin will always be preferable but that's to those that're familiar with the blockchain.
Perhaps those in the Middle East with the motive to secure their gold assets may find it difficult in the certain critical times where is crisis. It's risky to transport the hold safely to another location and the alternative would require third parties by exchanging the precious metal for traditional currency and using the regulating platforms or banks to send the funds across for safety which in all will consume lot of processes with higher fees involved.
With bitcoin, you don't have to worry about physical threats because of its digital mechanisms and when you want to send funds, it's just few clicks with your wallet and you're done and eveb offers lower transaction fees.

[Fiatless]

The rich no go wait till the stage reach make them come they run helter skelter. The rich are rich because the make plans ahead of situations.
The situation in the Iran against isreal and US war hasn’t reached the level like you think but the rich are already preparing for that instability and doing things that are needed.

Who told you that the rich cannot face an emergency? Donald Trump did not inform most Middle East nations before they started the bombardment of Iran. I said this because Oman was already leading negotiations between the two parties, and a deal was in sight. Only few people believed that Iran could strike the US allies without many restrictions. Some of the rich people in Dubai and others were surprised at the rate of missile attacks they have faced. It could be flooding, an earthquake, or other natural disaster that doesn't give pre information.

In situations such as conflict, Bitcoin is better than many traditional assets in terms of mobility and portability. With a sheet of paper, one can move millions to another country easily without any attention.

[Joy_learns_crypto]

The rich no go wait till the stage reach make them come they run helter skelter. The rich are rich because the make plans ahead of situations.
The situation in the Iran against isreal and US war hasn’t reached the level like you think but the rich are already preparing for that instability and doing things that are needed.

Who told you that the rich cannot face an emergency? Donald Trump did not inform most Middle East nations before they started the bombardment of Iran. I said this because Oman was already leading negotiations between the two parties, and a deal was in sight. Only few people believed that Iran could strike the US allies without many restrictions. Some of the rich people in Dubai and others were surprised at the rate of missile attacks they have faced. It could be flooding, an earthquake, or other natural disaster that doesn't give pre information.

In situations such as conflict, Bitcoin is better than many traditional assets in terms of mobility and portability. With a sheet of paper, one can move millions to another country easily without any attention.

Why tag me. I concede with you that bitcoin is a better asset than most traditional assets and It is more mobile you are able to move it from one place to another better. why are you are replying to me with that.
The person I replied to was saying the situation in the Middle East hasn’t gotten to the point where the rich should panic and I replied that the rich aren’t going to wait till that situation come. Everyone can face emergency but in the case of the Middle East many people aren’t waiting for critical decision making to catch up with them before they start carrying out plans.

[Btcdeybodi]

Apparently, there is digital gold so while investing in physical gold also make sure you invest in digital gold. however, gold is a potential asset but it will also be a wise decision to own bitcoins. In fact, diversification is very necessary for an investor who doesn't want to be cut up in unfortunate circumstances. Unforeseen events can happen at anytime, you cannot blame people who own gold. Bitcoin is also not easy to protect too because if you lose the keys to your wallet, all your coins are gone.

Speaking of the current situation, the Iran vs. Israel/America war has not yet reached a stage where rich people have to behave unstable with their wealth. Still, stay normal and stay calm.

The rich no go wait till the stage reach make them come they run helter skelter. The rich are rich because the make plans ahead of situations.
The situation in the Iran against isreal and US war hasn’t reached the level like you think but the rich are already preparing for that instability and doing things that are needed.

What are you saying, do you think that during war that people care much about their properties? Especially a wealthy person. Some rich people also own assets outside their country so if a situation like war is happening, they first of all secure their lives before they start thinking of protecting their properties. Do you think that people are prepared for war. Let's take Ukraine versus Russia war for instance, do you know how many Nigerians that left their properties in Ukraine and returned back to Nigeria. Pray not to experience war because no matter how rich or wealthy you are, you will definitely feel the impact and also lose some of your valuables.

[Mhizlove]

Honestly in this kind of situation it shows how people do see the value of bitcoin more than traditional assets like gold, imagine problem happen for one region and someone need's to move out fast from there carrying gold around like physical one will be a serious risk and stress carrying it around. But you see with bitcoin, as long you do hold your wallet access your money can go with you anywhere without you stressing yourself. That's why people do see it as an investment and but na portable wealth which is very easy to control than that of gold

[Joy_learns_crypto]

Apparently, there is digital gold so while investing in physical gold also make sure you invest in digital gold. however, gold is a potential asset but it will also be a wise decision to own bitcoins. In fact, diversification is very necessary for an investor who doesn't want to be cut up in unfortunate circumstances. Unforeseen events can happen at anytime, you cannot blame people who own gold. Bitcoin is also not easy to protect too because if you lose the keys to your wallet, all your coins are gone.

Speaking of the current situation, the Iran vs. Israel/America war has not yet reached a stage where rich people have to behave unstable with their wealth. Still, stay normal and stay calm.

The rich no go wait till the stage reach make them come they run helter skelter. The rich are rich because the make plans ahead of situations.
The situation in the Iran against isreal and US war hasn’t reached the level like you think but the rich are already preparing for that instability and doing things that are needed.

What are you saying, do you think that during war that people care much about their properties? Especially a wealthy person. Some rich people also own assets outside their country so if a situation like war is happening, they first of all secure their lives before they start thinking of protecting their properties. Do you think that people are prepared for war. Let's take Ukraine versus Russia war for instance, do you know how many Nigerians that left their properties in Ukraine and returned back to Nigeria. Pray not to experience war because no matter how rich or wealthy you are, you will definitely feel the impact and also lose some of your valuables.

You are contradicting the link from the OP post. I beg you click the link you will read that the wealthy are already trying to flee i was not the one that said they are trying to flee it, it is in the link and they are trying to move with their gold, which means that some rich people are already prepared for it, click the link and read for yourself. So what I am saying is that yes the rich are already planning early against a possible war which is not a secret because strikes has already been made by US, isreal and Iran, yes live is more important than money but if you are a rich person and you can move your property early you will do that.

[Cryptoprincess101]

Another day to remind us of the importance of acquiring bitcoins instead of investing in physical assets that can become problematic in times of serious crisis, no matter their value. Imagine how those wealthy expats will feel after they are unable to sell their gold nor ship them. Some of them will even consider selling at a cheaper price not minding the value of those golds. Someone who owns a lot of bitcoins will not pass through this stress; you will just run with your family and probably sell part of your bitcoins to acquire golds in your new location. This is the reason why i don't like acquiring too many properties because if you want to relocate to a new location as a result of crisis or natural disasters, it will cost you a lot to convey those properties.

[Gozie51]

Procedures: there are always required procedures to moving gold, filling of documents, checking your insurance, waiting for approval and other stressful procedures, Bitcoin will not put you through all that.

Speed: it is faster moving Bitcoin than gold

This is simply one of the reasons Bitcoin is called the digital gold. The internet is a platform that you can decide to deal on P2P if you choose to and that gives bitcoin hodlers that freedom of privacy that no body knows if you have any amount of bitcoin or not because it is transferable with ease with no filling of forms in the bank like in the case of fiat and gold that can be in physical form. In terms of btc, you only move it through wallets whether custodial wallet or non custodial and it delivers safely.

[Odogwu-Blockchain]

Honestly in this kind of situation it shows how people do see the value of bitcoin more than traditional assets like gold, imagine problem happen for one region and someone need's to move out fast from there carrying gold around like physical one will be a serious risk and stress carrying it around. But you see with bitcoin, as long you do hold your wallet access your money can go with you anywhere without you stressing yourself. That's why people do see it as an investment and but na portable wealth which is very easy to control than that of gold

How do those that purchase Gold on stock and commodity exchange does with it, I am always thinking if it works the same way with spot trading where you own some quantity of it stored in your wallet, doesn't it work that way? Or is it always trading on futures all the time?

It would be more better if some quantity of gold will be grasp and stored digitally so it can have the same quality with Bitcoin, if war happens as you said, it can be easily moved along too.