Topic: What are the pros and cons of gold compared to bitcoin? (Read 407 times)

It doesn't matter if some people are still quite worried about Bitcoin price fluctuations in the market, but those who are still worried about this must also be aware that Bitcoin is the only digital asset that has no doubt about its potential and future. So we can all still see great prices on Bitcoin through the markets and now I'm also seeing an increase in prices on gold so that makes gold holders quite happy at the moment. However, I also don't know what caused gold to experience such a good price increase from the end of last month until now.

The market will always disrupt our plans of earning gigantic profits. Everyone wants what's best for them and they're doing everything to make sure they're winning in the space. Gold is valuable due to the interests it serves to a country and also to man. Gold exists in both the real world and crypto. Its been utilized as jewelries and this have certainly become something to worry about because it's high in price. Bitcoin is digital and have become very volatile in the market. It have become something to worry about.

I agree with some of what you said here but you might have made mistakes in some of them. First, you are so right to say of Gold as a physical commodity, no one can take that for granted as a benefit of it than Bitcoin, which is also the main reason why some people do not value Bitcoin to date. Meanwhile, Gold is still functioning as a digital asset in addition, only that it is not being used as much as Bitcoin is used for payments and settlements. Of course, both are valuable since people's money is making those assets to be so. You can imagine Bitcoin is moving closely to $1.3T gradually, while Gold is moving closely to 15.5T, which makes them indeed valuable.

About the scarcity which will bring about the demand and supply you mentioned, I do not think it will affect Gold in any way, though it was planned to help Bitcoin. But for Gold, the demand for it has always been high and that can only explain the high market capitalization it has now. As for the volatility, have you studied Gold? What you just mentioned was what my brother argued with me a while ago too until I explained to him. Gold is a compressed commodity which causes confusion, but when you are trading it, it is more volatile than Bitcoin.

Both of these things have their own advantages and disadvantages and if someone can use these two things as investments of course this will be able to bring profits to them, but these two things have different ways to make profits and for some people who like Bitcoin of course they will be able to make profits from Bitcoin and for those who like gold of course there are those who like it as jewelry as you said and there are also those who keep it as an investment.

Because when someone loses their Bitcoin and it cannot be recovered, of course it would be better for someone who wants to invest their Bitcoin to carefully guard the keys to their wallet so as not to lose the assets they have.

Look, Bitcoin is a currency, it don't have to converted to fiat in order to use it, you can just spend it directly.

Bitcoin > Gold.

If people follow your advice, gold won't reach $2K/oz and have $15T market cap because most people can't even buy land due to it's surge ridiculously high. The most affordable to buy is Bitcoin because you can buy as low as 294 satoshis/$0.2 while gold you need to buy at least 1 gram/$70.

  When it comes to investing in precious metals, it's not about whether you should or shouldn't—it's about whether it's the right choice for your investment strategy, risk tolerance, and financial goals. Diverse investment portfolios often shine the brightest, balancing out risk and reward. If you're in Portland like me, it might be worth taking the same approach we take to our weather: If you don't like the current conditions, just wait a little while, things might change. The same patience and adaptability can be wise for managing your investments. The advantage of owning gold as a form of savings is that it cannot be devalued by a person or group, since it isn’t “issued” by anyone. Fiat currencies (the U.S. dollar, British pound, euro, etc.) are created out of thin air by central banks. As long as the economy grows as fast as the supply of these currencies, they will continue to hold their value. However, governments always try to keep these currencies falling in value by about 2% a year as measured by the government’s inflation index. This means that if you hold currency as savings, you essentially have a guarantee that your savings will fall in value by about 2% a year. This isn’t a very good deal, so many people buy gold to avoid this 2% per year depreciation.
  The disadvantage to buying gold is that it usually doesn’t pay a yield. If you hold cash in a bank account, the bank usually pays you an interest rate. If this interest-rate is higher than the rate of inflation, then it might make sense to hold cash instead of gold, since you still end up ahead even after accounting for the depreciation of the currency. If cash in a bank account doesn’t pay a high enough yield, another option is to invest in government bonds (especially long-term 0nes), corporate bonds, or even stocks. These instruments have higher yields. So if a savings account pays less than the rate of inflation (as it does today), you may be able to get around this problem by investing in bonds or stocks.

Gold can be used to make a jewelry which you can wear unlike bitcoin which can't be use to make jewelry. If it's mobility that we are talking about then it is pro for bitcoin since it's digital and weightless compared to gold. Also both are rare as others have said which makes it more valuable although lost bitcoin cannot be recovered which is it's con if you put it like that but for me lost bitcoin will only make it's supply less and the more it's price increase due to demand. For gold, if ever you lost the gold then there's a chance that you will find it or someone will find it. Another pro for bitcoin is being volatile.

      The digital scarcity of Bitcoin makes it worthy and always praised and because it is digital ,it is not influenced or affected to physical wear and tear.

   As we all know Bitcoin is young and not tested and shown to be good as an investment , but speculators in cryptocurrency are using it as store of value also as a limit against correction and recessions.


   Gold is scarce too,but it's total supply can change value frequently because of mining activities and it's very durable which does not gradually destroy or get weakened or degrade over time. For long, Gold has been an asset that keeps value over a long period of time and used as limit against market downturns .

   The reason why Bitcoin is better than gold is because of its operation on decentralized network, which makes sure that no single entity can control or manipulate the currency , which gives it an edge over gold and free from government and centralized authorities.

Indeed! Both have different role, they are both vital in the world of market. For me, the advantage of gold is that you can touch it, feel it, and see it. Unlike the Bitcoin, you can't hold it, see it, or touch it. Both value is rising so there's no loss investing in both .

Also, in case of emergency if you have gold and you need a cash you can pawn it anytime and that is it, sweet cash. Just like the old man says, "Cash is King"

Both assets are valuable In their various ways,Gold and bitcoin offers different benefits and advantages.We all know that Gold and bitcoin are very productive in terms of investment choices,so I wouldn't want to recommend the comparison that exist between them.Instead of the comparison,check,consider and utilize any of them depending on your financial goals.

Both Gold and bitcoin have a role to play in the financial markets,each of them comes with its advantage and disadvantages,preferably either of them that suits your decision to acquire and achieve.
Basically,I like both Gold and bitcoin;both are relatively scarce,and they prevent people against fait currency manipulations.

Gold is not only rare but it's a real-world thing. Gold has unique properties, it has limited supply, it's attractive in colour, it's shiny, non-oxidizable metal, and a master can make any kind of jewellery from Gold. It has been the standard for centuries (you will often hear the word Gold Standard), the standard of money, global financial reserve and etc.
Bitcoin is a virtual thing but we have to keep in mind that gold is used in smartphones, computers (CPU), chips... So, without Gold, there would be no Bitcoin. Btw bitcoin is the gold of the digital world, it's unique capabilities make it a very attractive choice of investment and payment method but has some disadvantages, it's not a good option for flexibility and massive usage because many people have no idea what Bitcoin is and too many people don't know how to properly buy, sell and store it.

I think I largely agree with what the op is suggesting. Gold is indeed highly recognizable, it's physical and shiny, so there isn't much need to explain why it's valuable. It also has a historical advantage of being a valuable part of human culture for thousands of years. Bitcoin is intangible, which makes it easier to store and is partially why it can't be faked, but that also means that to a lot of people it's non-existent because they can't hold it in their hands or understand why some people are willing to pay so much fiat ('real money') for it. But while gold isn't normally used as a currency anymore, Bitcoin is both an asset and a currency. You can exchange it for goods and services if you go to places that accept it. That gives it more usability, which is an advantage over gold.

This is more or less what I was going to say.

The volatility of BTC is still at turn off to many.

When in doubt, simply zoom out.

Both are valuable.But gold is more popular among general public. Because gold is more in circulation. Many people are not familiar with BTC. They think if they invest in BTC, they will lose their money.They don't think bitcoin is trustworthy. But it is wisest to invest in it.Because the price of gold decreases a bit when selling it.But there is no harm in investing in BTC. If the price increases, it can be sold at several times higher price.Investing in BTC during a bull run is likely to be more profitable.In terms of investing, BTC should be invested first, then land.Then comes the topic of investing in gold.

Oh it's about time to do this again for 100th time.......

It's not either or situation. They both are a part of an overall portfolio.

If you are all Bitcoin, you are an idiot.. If you are all gold, you are and idiot..

The key is balancing and securing profits inside a multifaceted portfolio preferably with tax advantages like an IRA.

Gold price is not that stable,  it fluctuates a lot just that the range is not as wide as that of Bitcoin. If you trade forex you will agree with me that gold is as volatile as indices such as Nasdaq and GER30. Another reason why people think gold is stable is because it has been in overall upward direction with just a few deep corrections. The fact is that it is volatile but not as Bitcoin

The volatility issue of Bitcoin is mainly for the short term traders, since they just want to get in and out within a short time. With a single spike most of them are neutralized already. But those with long term plans for Bitcoin do not really have any problem with the volatility. 

On the regulatory risk, we can call it risk but it also have some positive side even though I do not support it, reason being that it will destroy the privacy and anonymity that Bitcoin is supposed to eventually bring to the global financial system.

Pros for gold -> bank reserves are backed by currencies that have a reserve of gold too.
Cons for gold -> it is not moving a lot based on its charts, NVIDIA did better than it.

Pros of bitcoin -> Volatility and scarcity
Cons of bitcoin -> sometimes transaction fees are high when the network is clogged

It int be fair to compare Bitcoin and gold in any terms as they represent two different entities but if we have to draw a pros and cons then I would say Gold is accepted worldwide and it can be accepted at even the remotest areas of the world and it's not volatile wherein Bitcoin's adoption rate is not wider, Bitcoin is more secure as it stored digitally but for gold we need to safeguard it. This is a basic difference and I don't want to draw more reasons because the list will go on but doesn't make sense to compare these two.

Pros? Widescale usage or acceptance in comparison with Bitcoin wherein few countries are recognizing its usage as a digital currency. Another is with market price volatility; obviously, the market value of Bitcoin moves more in a more random manner than with Gold which is a bit stable on its current market price. Both are profitable in the long run but with market price direction, then Gold is more often in upward direction, but of course decline on its price could still take place. Cons? convenience. You cannot obviously pay anytime with Gold also its market value doesn't move that much which makes profit not as big with Bitcoin investment.
With oversupply, I doubt it would last for long. Minerals and other natural resources has limitation with natural generation. There will always a have tendency that Gold will be hard to mine given how limited resources are on this material. Bitcoin has higher risk as an asset but in exchange, it is more potent with higher returns as an asset.

Yes, stable gold does not give high returns but it is definitely the best option if someone wants to find a safe haven for his assets.

As I said above, there are many reasons for us to choose bitcoin instead of gold or any other form of investment, but profit is still what we care about most. And everything has its pros and cons, nothing is absolutely perfect, so if we choose bitcoin, there is no need to badmouth gold and flatter bitcoin.

Just like many people are still using fiat money on a daily basis and it would be almost impossible for them to survive if they stopped using fiat money, but they go on the internet to badmouth and call out fiat as bad just because of the appearance of bitcoin. I wonder, if in the future there is a currency that is better than bitcoin and brings more benefits than bitcoin, will these people turn around and start talking bad about bitcoin?

I considered this feature as a disadvantage considering how twisted the criminals here to something that has a tangible value. It's very hard to hold and secure these kinds of assets here unlike Bitcoin where you can be rich silently without having the danger of someone stealing your physical assets that have value. Now that we are digitally aged, we don't give important much whether our asset is tangible or not since there's already a lot of liquidity available on crypto that is locked via smart contract.

Bitcoin will always be better than gold for me due to its unique way of valuation.

Yeah right. And as you said that investing in both is not a bad choice which means it is a pretty good choice. It's just that I prefer if I buy gold not for investment but I do it to maintain the value of the assets I own. Because even though gold seems to have an increase in price from time to time, it actually takes quite a long time. But one of the advantages of gold is that they can maintain their value very well over time. Even gold can be said to be resistant to inflation. Gold also fluctuates but it's not that big. Maybe this could also be more valuable than gold compared to Bitcoin. In essence, I like both. Bitcoin excels in digital matters and practicality. Meanwhile, Gold excels in physical assets and in maintaining value.

right , it is depending on how we wanted our money goes on either to gold or to bitcoin
it is our choice  and our obligation to our own money.

same strategy in gold, a friend of mine is buying and selling Gold and yes this is her bread
and butter because he is buying all the auctioned gold in pawnshop(for cheaper price of course)
and yeah she i selling into much higher price.

but we can also use bitcoin for long term mate, we have seen that over the years so why
not try them both in long term preservation .

Yes, it's no surprise that in Forums there are always people discussing Bitcoin and gold and their respective advantages and disadvantages, but of course everyone will have different opinions about this.

Personally, I consider gold to be a store of value asset because investing in gold does not have much profit but the risk is not too high because there is a lot of demand for it and it always increases from time to time and also if for example the internet goes down we will still be able to sell it because gold has a physical form and of course Gold is a valuable asset and I personally also invest in gold, even if only a little.

However, for me, Bitcoin is a valuable asset whose price will have the potential to rise in the future because the number of Bitcoins is limited and there are many interested people, but I personally also invest in Bitcoin because in my opinion, in the digital era like now, it would be a shame if we were not involved in Bitcoin, but of course for those who are ready to take the risk.

Bitcoin for me has many benefits because we can make a lot of profit from investing in Bitcoin, but the risk of investing in Bitcoin is very high because the price fluctuates and sometimes if there is negative news the price always goes down so in essence the risk is high but the benefits are also high because it can produce big profits. .

So the point is to buy Bitcoin you have to use money that is ready to be lost, but if you buy gold, of course you can use any money, as long as it's your own our money.

I doubt that an overflow in gold supply would make it less valuable than it already is, humans are shiny loving goblins so I don't think that gold being a shiny metal would ever be a thing that would be of less value to a human. Definitely the thousands of years of history is a helpful in establishing gold as better than bitcoin but given the value and potential that's on bitcoin in just a decade, it's not a bad idea to consider bitcoin as a better investment than gold. Bitcoin might not be a good store of value but if you're in it for the long-term, you're probably not that worried about the short-term price fluctuations.

The "tangibility", of gold, is a mixed blessing, as you put it. Yes, instant recognition boosts confidence.  However, most people cant securely store much gold. Bank vaults? This reliance reduces decentralization. Home storage? What a recipe for insomnia.  Bitcoin, though ethereal, may now be safeguarded by cryptography. A hardware wallet and a secure seed phrase provide unmatched financial sovereignty - the kind of "tangibility" that matters today.

For those without bitcoin, its transitory. The internet was originally considered a craze. Bitcoin is a revolution in value storage and exchange. Progress may challenge old-school investors with fixed ideas. Understanding will become as common as recognizing gold when the technology evolves and acceptance expands.  Will the naysayers adjust swiftly or be left behind clutching their bullion while the world marches on?

The biggest advantage of gold is that it has thousands of years of history behind it, and we know that unless its supply suddenly becomes overflooded, it won't drop in value much. But Bitcoin's value is not understood by anyone, it goes up and down, and so far the long-term trend has been positive, but it could just as easily reverse. To put it simply, Bitcoin is many times more risky than gold. That's why Bitcoin is not a reliable store of value right now, but rather a high risk investment.

Exactly the Gold doesn’t have the ROI that bitcoin possess in a very short period of time and that’s why some people go for it sometimes Instead of gold. Another reason why some people prefer the bitcoin is because with a substantial amount of Money (little amount) you can get it and also buying bitcoin and storing is a lot easier than gold. So many exchanges one can easily get it online and also many reputable wallets to help store it without third parties like banks for gold.

Aside this things I will say the best method is to diversify your portfolio and Gold is the best asset to diversify into as it provides more stability and also an hedge against inflation which is better then diversifying into fiat currency

This topic has been brought up on the forum at least a million different times at this point.  Gold and Bitcoin are two entirely different things and comparing the two I'm not sure does much good.  I mean there's nothing wrong with comparing the two, but it's important to know that one is not a replacement for the other.

Gold is a physical precious metal, it's used for jewelry, auto-parts, electronics parts etc etc.  It's also a fantastic hedge for a portfolio, a much better hedge than bitcoin. 

Bitcoin is a digital currency.  It's not a great hedge (not yet anyhow) and it's not used for real world physical purposes.

  If I want to buy an ounce of gold, I can easily self-custody that amount. However, if I wanted to buy 100 or 1,000 ounces, I would have to store that amount with a bank or third-party for feasibility and increased security. However, with Bitcoin, I can self-custody any amount of bitcoins with a wallet that only I have access to and that is secured by cryptography. Many stories throughout history exist where one’s own country or an invading country steals the citizens’ wealth that was stored in banks. Bitcoin doesn’t need banks. You can own and secure it independently.
  Ultimately, I like both Bitcoin and gold. Both are non-state monies that protect people against fiat currency debasement. Both are bearer assets. Both are hard to create and incredibly scarce. I believe Bitcoin improves upon several of gold’s properties (scarcity, transmission, fungibility, divisibility, etc.), and as an investor, I think Bitcoin’s improvements will result in its eventual dethroning of gold in terms of market cap. For what is worth, I am very much in favor of cryptocurrency. Mankind has been at the mercy of control structures on the exchange of goods and services for vast portion of our existence. Governments, Banks, and Insurance organizations control the flow and exchange of currency and almost all transactions. They charge for every transaction and build into that charge their profit and overhead.

For me if we continue to compare gold with Bitcoin, I think we are all wrong in our judgment, be it in terms of investment, trading and other things, we all know that gold and Bitcoin are two very different elements, the advantages and disadvantages are very clear for both.

You can buy gold on one side/physically and gold has been used from century to century, as well as the buying and selling value, gold has nothing to do with the internet.
One side of Bitcoin cannot be touched, This is a sign of greater risk than gold, Bitcoin can only be used based on internet activity to access buying and selling.

So, I think if we compare gold and bitcoin, they are two different things, of all things, both clearly have real advantages and disadvantages for their users, maybe we don't need to explain too long about both.
For more details you can see it here: Gold vs. Bitcoin: Which Is Better?
Fact:

There is no need to explain in circles or compare them and deliberately favor bitcoin over gold. Let's be honest with each other, we prefer bitcoin because of the benefits it brings us. Profit, privacy, being our own bank... these are the reasons we will choose bitcoin over gold. Profit is probably the top priority because it is also the most prominent point when someone wants to compare bitcoin with gold. I personally own both because I need to diversify to keep myself safe since everything has risk.

Gold as an asset is the highest investment any individual can make because it always retains its value no matter how old or how long it has been in possession. Unlike BTC and the volatile nature of cryptocurrencies, in the which the price is up now and down tomorrow or the trends and signals have to be studied to ascertain the right time to trade or acquire some as asset.

I doubt there's any country in the world that doesn't accept or have gold reserve just like the USA which has the highest gold reserve and won wars a time past due to the fact they had enough in possession to sustain it.

+ Gold can be bought or sold without internet connections and with less technicalities. You just need a scale to check its weight and the transaction can carried out with ease.
+ It is also very popular which makes it easy to be sold or used as collateral for loans.
+ Gold is also less volatile than Bitcoin
+ Many physical industries utilize gold which makes it highly demanded.

+ Bitcoin is decentralized and cannot be totally regulated so hodlers can maintain privacy.
+ It can easily transferred from one person to another.
+ Bitcoin is divisible and can be easily sold or bought.
+It can easily be used to legally avoid tax since many countries don't tax it.

If you are comfortable with volatility, then go with Bitcoin, and if you prefer stability, then go with gold. I think Bitcoin can be suitable for either short or long-term investments depending on your investment goals. You can take profits by buying and selling, but of course, we know that this comes with risks and requires careful attention. If you simply want long-term wealth preservation, then gold is the way to go. I only have Bitcoin because I prefer its advantages over what gold offers. And I am aware of its cons.

The problem is that they are both objects of value just that Bitcoin is physical and gold has a representation in the stock market you look at gold has a financial history even before the introduction of money gold was used as money then, so gold will continue to standout when it comes to finance, and some countries even use gold in their country reserve, and I don't think bitcoin has gotten to that extent yet. and true gold is used for pieces of jewelry and others so if you look at the financial market gold is dominating very well. if not now that Bitcoin is gaining more ground people do not take Bitcoin seriously, especially in countries. and people don't scam gold since it is not associated with the internet it has saved gold from scam issues compared to Bitcoin so the way gold has its advantage the same way that it also as its disadvantages because you can also get rubbed and it can not be tracked. and if anyone is considering what to invest their money in then bitcoin and gold are not a bad idea to consider.

Regardless of what the OP or maximalist bitcoin investors say, the end result is that gold is many times larger than bitcoin in terms of market cap as well as demand. We should look at the results to evaluate instead of just giving flowery words just to flatter others because that doesn't make us richer or better.

Gold investors never compare gold with bitcoin or any other asset, but why do bitcoin investors like to brag and find ways to prove that bitcoin is better than gold? This is like having only servants compare themselves to others, while kings never compare themselves to anyone because they know no one will be better than them.

The more we compare and put others down, it only shows that we are weaker than them. Comparing bitcoin and gold has never and will never make bitcoin surpass gold.

First lets understand that Bitcoin is a digital currency with a total produced of 21million and also a decentralized non-custodial volatile currency that is not being regulated by any governments or authorities and can not still be manipulated by the miners While gold also has the potentiality of volatilities but unlimited and finites because its total produces would always remain uncertainty as the miners keep researching and discovering more of it.

So here, due to the limited number of Bitcoin and the unlimited number of gold, the scarcity of Bitcoin would always give it that high rate of advantages in values comparing to the golds.

Talking about security aspect, Bitcoin as a digital currency is stored on the digital storage which by no means would anyone knows that you have one or even total number of Bitcoin you have there in your wallet and it is highily less risky to attract thefts unlike gold that you must have it physically stored and so much risk of it leaving it at home or going about with it as it can be seen by anyone which can attract thefts.

And of it all, you would always attain the value increments of gold only when you sells it but Bitcoin increments in value is usually attained at any given time the market fluctuates.

I've never been a fan of the comparison of Bitcoin with Gold, it's never worth it as I earn my decent money from the two. Nevertheless, thank you for admitting that you are biased towards Bitcoin in your write-up which also shows that you are not a good investor but an opportunist for what Bitcoin has to offer and for what the Bitcointalk members like to read. Good investors do not have any emotion leaning on any asset against another, that's just against the rule. As it is, I will not be able to reply to all your irregular points, but I will do my best to answer a few important ones that caught my attention.

Bitcoin is never a substitute for Gold, the two are just different assets with different sources, models, structures and operations. Also, it is good to know that Gold is a compressed asset, which will never make it behave like Bitcoin which is not a compressed asset. This is why you see Gold adding trillions of dollars and may not move more than $300. This is what it has to pay for being a centralised physical asset, and such was done to avoid inflation of the precious metal. The track record of Gold is enormous, is it the age, its use as the world reserve and many more? It has survived the test of time but Bitcoin is still very young and time will tell more about the two. For your information, your Gold can be bought and stored online as well, it is not necessary for you to buy and own only physical gold before you own and benefit from it.

The DCA approach did not also start from Bitcoin, it started many centuries before Bitcoin and enough people had used it in Gold and other assets and kept their assets just fine.

Wait a minute, where do you DCA your Gold if not online for safekeeping? Do you even know what you are saying?

Both of these things are actually superior in their respective areas. I mean Gold is very superior in the physical world. And Bitcoin is very superior in the digital world. We know that our daily lives are actually never separated from Gold. Even the components in our gadgets also contain gold, the same goes for cosmetics and so on. And gold has the advantage of still being able to be bought and sold even if one day the internet goes out. But the drawback is in terms of storage and shipping. Imagine if we were to send gold worth 1 million dollars to another country. So it requires quite expensive costs. And we will also feel anxious during the trip. And the risk of getting lost in transit or something like that. In contrast to Bitcoin, which is very superior in the digital world, such as being practical for payments and sending between countries. Transactions are transparent and free from the risk of counterfeiting. Good for long-term investment and also easy to buy and sell without having to go anywhere, you only need an internet connection and we can connect with every buyer anywhere. The only downside is that if the internet goes out then... well you know the answer. Although some say they can send it via other methods. But still without the internet it would be a real downfall. And actually that's the only thing I'm afraid of. So I don't invest entirely in bitcoin or digital assets, I divide it by also investing in physical assets.

Like you I am heavily biased towards Bitcoin even though I own both of them. My gold investments are rather small and only part of a general commodity fund that includes a larger range of precious metals. Over the years this investment has done pretty well and I am just going to keep it and only profit from the periodic payouts. My main motivation to buy into commodities like gold and silver came from my grandparents who always believed that gold was the ultimate investment and they kept a lot of gold jewellery at home. My parents eventually sold all that jewellery as nobody in the family wanted to keep gold directly at home as a investment. Both gold and Bitcoins are near their ATHs and it might seem they did really well in the last year. However, gold has been on those high levels for several years now and the recent performance isn't that great. The 1-year performance of gold was only 9.5% which isn't much compared to Bitcoin. If I had to choose between the two, I would always go for Bitcoin, but if I have enough money then a small side investment in gold is not going to hurt.

I would totally freak out, if I had to send gold through the mail. Sending gold via mail seems like a stupid decision, if you ask me.
I don't think that storing several grams(or even kilograms) of gold is so difficult. Storing several tons of gold would be a pain in the a$$.
Gold is stable, while Bitcoin is volatile in terms of pricing. Gold is a secure investment, while Bitcoin offers bigger potential for profits.
There's no point comparing gold and Bitcoin. You can invest in both gold and Bitcoin. There's no competition between those two financial assets.

That is great reading. Author is very engaging and does an outstanding job of explaining it very clearly and simply.
I just read the first few pages so far and learned more about history and economics than all the mind-numbingly
dull economics classes I ever took in high school and college.

Should be required reading in every school's academic curriculum IMO.

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I may start allocating some portion of my portfolio into gold. I will always be a huge bitcoin bull but diversification is a wise strategy.

Not all metal are corrode quickly and melt due to house fire, you can buy high grade stainless steel which you use to back up your seed phrase.

1. https://jlopp.github.io/metal-bitcoin-storage-reviews/
2. https://blog.lopp.net/tag/cold-storage/

If you didn't tell anyone about your gold/Bitcoin, no one will know where you hide your assets. Not all people can live to 100 years, that's why you need to tell someone if you plan to inherit your assets.

If you have created a time lock address which will send to new address that you easily access, you won't lose your coins.

I would rather speak about both Bitcoin and Gold as I believe both should be a part of your portfolio for better balance. Diversification is the key of a healthy portfolio. So I always consider keeping gold in my portfolio for capital protection. Bitcoin is a very volatile assets and it is highly risky. So adding gold in your portfolio gives it a nice balance of capital protection because gold is not volatile. I always prefer paper gold to avoid making charges.

So instead of comparing gold with Bitcoin, adopt both of them. Both assets are valued based on rarity. Bitcoin has a fixed number and gold supply is also slowly depleting. If you are really serious about your investment, you must not ignore gold and should also include Silver in your portfolio of investment.

Such an overly saturated subject this is.

Gold and Bitcoin are different things.  You can find similarities and differences between the two but they are very different overall.  You could find similarities in a car and a backpack too, but that does not make them similar.

You do not store Bitcoin physically but still have to take care of Seed storage.  And it is much more difficult to store a Seed properly than protecting a Gold bar from all sorts of unfortunate events.  While you need WORDS to recover your Bitcoin, Gold can be crushed, melted, bent, destroyed literally and you could still recover it and get its weight value back.  Even if no body finds your Gold for the next century!  You can even bury it under the ground and find it easily with a metal detector.

Bitcoin however?  Where do you store it?  HDD, SSD, USB?  It will likely fail at some point.  Paper?  Any thing can destroy it easily.  A sheet of metal?  If it corrodes badly enough, good luck decrypting the words.  Then where do you store it?  Inside the house?  A house fire will make your Seed vanish.  Inside a wall?  If you die and no body else knows about the place then it is gone forever.  Bury it under the ground?  Maybe some body will find it many centuries later and preserve it as historical value, not even having an idea what the hell your sheet of metal means.

Try doing DCA on Gold.  You would be surprised to know how much a million Dollars worth of Gold is physically.  It is much less than you think.  And if you have so much Gold there is no more space to hold it, then you already have enough money to take care of its storage.

The only pro with gold is it's not going anywhere, there's a certainty in it's value despite being just a metal, with bitcoin though, it's always uncertain, as much as people believe that it won't go anywhere, we still don't know that and at the back of our minds, that thought of bitcoin losing it's value is lingering, that's not present with gold. But one thing that I can tell you about bitcoin, even if there's that uncertainty, it's still worth investing into compared to gold because you're more likely to make more profit than with gold and in terms of value, bitcoin's already beaten gold by a long mile.

How can uneducated people is the reason of disadvantage in Bitcoin? that's their own fault, not Bitcoin. I don't see any cons of Bitcoin, it just too good to be true.

If educated people is the reason of disadvantage, I could say the disadvantage in everything are caused by uneducated people because they don't want to learn, all their do is believe in their own and don't care with the other thing i.e. close minded.

Most people already know what's Bitcoin, they just don't know how safe is, don't want to buy etc. But if you hand them Bitcoin, I'm sure they will sell your coins immediately.

The bullish case for Bitcoin is a good resource to read, understand about Bitcoin, its potential & pros compares to Gold and fiat currencies.

You will see detailed comparisons of Durability, Portability, Fungibility, Verifiability, Divisibility, Scarcity and more.

Pros of Gold: Stability and Tangible Asset
Cons of Gold: Physical Storage and Lower Potential Returns

Pros of Bitcoin: High Growth Potential and Ease of Transfer
Cons of Bitcoin: Votality and regulatory risks

Above are simplest the pros and cons of both gold and Bitcoin.

Why are gold and bitcoin both valuable?

Easy answer: rarity.

Gold is rare and not everyone can just extract it from the earth hence the explanation for its expensive price. Just like in bitcoin, it only has limited supply. Low supply and high demand results in high prices.

Another con I can think of gold is that even though it might never lose its value, you won’t really be able to receive profits from it unless you actually sell it. It’s not gonna earn you passive income which is pretty much the same for bitcoin. In order to gain profit, you need to sell your asset. The difference is that buying/selling gold would be much harder to do compared to buying/selling bitcoin.

Bitcoin is accessible and easily traded which adds to our convenience. You also don’t have to worry about physical storage unlike gold because it is stored digitally or in a hard wallet.

What makes bitcoin a better (or worse) substitute for gold? This is an important question since bitcoin is constantly being compared to gold.

I will admit my bias is for bitcoin but for purposes of this thread let's be as objective and fair as possible to the gold and silver bugs.
No matter what our bias, if any we should never allow ourselves to become close-minded to other ideas and viewpoints.
Always take into consideration opposing viewpoints with an open mind because that is how bitcoin can become better and stronger.

I will start.

An advantage of gold:

Gold is a tangible physical thing and instantly recognized by anyone in the world as something that has value.
There is no need to explain it because even the most poor and uneducated among us instantly recognize that gold is something that has value.
You might say gold has an intrinsic value and universally recognized with no need for explanation.

On the other hand many people do not even understand  what bitcoin is or why it has value. It is something that has to be explained constantly to people.
Even after explaining there will always be those who will never get it even if they are otherwise very intelligent people. For example:  Charlie Munger and Warren Buffet.


An advantage of bitcoin:

The physical aspect of gold can also be a disadvantage. One of the reasons why I never personally invested in gold is practical. Where would I store it?
If you are accumulating or DCAing into gold over a long period of time then eventually you may end up owning a large amount which then presents you
with the question of how and where to store it. And most importantly, how to secure it against theft.

The other question is how do you know that the gold you have is even real? Is it solid gold or just gold plated or even faked?
I never bought gold myself so I don't know how much of an issue that is in reality but of course anything can be faked, or even just diluted.

A big advantage of bitcoin is its portability. Sending coins or bars of gold through the mail seems inherently slow and risky, though again I don't have any personal experience
doing that since I have never owned any gold other than some small items of gold jewelry.

Those are just some of my thoughts to start the thread. For those who own both gold and bitcoin what are your thoughts?