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You already answered the question since you've mentioned that Gold is a physical thing that can be taken away from you while Bitcoin, in the neat future, it can also be taken away from you. How? You can't transfer money to local exchange if you'll not verify your account so in order to verify the account, you need identification so in that way you can withdraw your money. So I don't get your point since both assets can be manipulated or controlled at some point. Both are investments but why are we always comparing things if we can afford both? Everything has flaws and of course, even some things are risky, we are still going for it hoping to gain something.
Topic: Bitcoin > Gold (Read 374 times)
Gold had its history and longevity to vouch for its relevance and purchasing power. Not to mention the practical and commercial uses of gold in the production sector. Bitcoin may have only been in the market for 10+ years but its exponential growth each step of the way proved to rival that of gold's. It also offers the same if not better profitability as gold plus the fact that it promises future application in technology and economically as a direct substitute to fiat currency. I wouldn't say one is better than the other because at the end of the day they serve different purposes in serving the people.
Bitcoin and gold are exactly different and it varies depending how people see them.
Gold can be an asset, sort of investment, or it can be just an art but either way it can be bought because there's a value of this precious metal due for its scarcity, BUT gold doesn't give you long-term hedge against inflation and occasionally gold can be used as a social status or show of wealth.
Bitcoin can be an asset in the form of investment, and it is already historically proven that bitcoin is the best hedge against inflation. And the one of the best thing about this crypto is it's safe, reliable and it is decentralized and that means there's no single person or organization that oversees the transaction so that you can remain pseudo-anonymous.
inflation is what sets apart these two. If people sees them as assets and stores of value then it is obvious that bitcoin will win over gold, with it being separate from the currency system of the world and it not being affected by outside circumstances that would normally affect fiat. However, rarely are things ever one-sided, and there are people who will take the practicality sector to test on whether these two go on par with each other, which I for one agree with. I just don't see the need for comparison because as you and I have said, they serve different purposes. Gold can be an asset, sort of investment, or it can be just an art but either way it can be bought because there's a value of this precious metal due for its scarcity, BUT gold doesn't give you long-term hedge against inflation and occasionally gold can be used as a social status or show of wealth.
Bitcoin can be an asset in the form of investment, and it is already historically proven that bitcoin is the best hedge against inflation. And the one of the best thing about this crypto is it's safe, reliable and it is decentralized and that means there's no single person or organization that oversees the transaction so that you can remain pseudo-anonymous.
I want to get the opinion of the people that think gold is superior so I can see the other side of the argument.
Bitcointalk may not be the best forum to get the other side of the argument. Majority here believe Bitcoin is superior to gold and for good reason too.what do you think about the Bitcoin vs Gold debate?
Unnecessary for most of the part, Bitcoin is not competing with gold or fiat or any other currency or asset and it does not need to be proven to be better than gold, investors do their research and can come up with their own analysis of the venture.Imo, it is discussed often cause it is an interesting topic, considering bitcoin was called digital gold for a period of time and both share some similarities.
This is some balanced answer to the general question I think. It really is a question of preference, believe, hope, insider knowledge, maybe even desperation or ignorance. Extremely strong positions for either one or the other always come across a bit narrow-minded. I think it really comes down to the very specific aspect/characteristic or use case you want to discuss. Even those specific aspects can often be discussed endless, like the government being able to confiscate my buried assets. Gold won't moulder in the ground and when I get out of jail I can retrieve it, a hardware wallet might suffer from failure over the course of a couple of years, but might be easier to hide and so on and so forth.
But still listening to maximalists can still be helpful to draw even better conclusions for yourself. As with anyone else, not everything they've got to say is wrong, and neither is it right all the time. Ultimately time will tell, but from a value appreciation standpoint, I think we probably all agree that the world won't be less digitized in the future and decentralized money or assets make a whole lot of sense, which at the same time doesn't mean that gold doesn't make sense. It depends, right?
Hey guys!
I am making this post to start the discussion of Bitcoin vs gold, I know that this topic has been discussed in different threads, but I have a different approach of this topic. I want to get the opinion of the people that think gold is superior so I can see the other side of the argument.
I believe that Bitcoin is superior to gold, they're both assets, but not the same kind of asset. Gold is physical in the sense that a government or large entity can take it away from you, without your knowledge, and without needing your permission. Bitcoin combats this, a Bitcoin wallet doesn't need a SSN, ID, and other identification to own. Anyone in the world has the right to own Bitcoin, but the same can't be said about gold. People also argue that gold is a safer asset because it can be insured. I second this, insurance needs identification, which adds a second layer of binding your assets to your data, meaning that multiple people know exactly who owns that gold and how much its worth, that leaves room for corruption inside of banks allowing an evil third party to be notified who owns large investments that could be stolen/robbed. Bitcoin, as long as you have an anonymous wallet, doesn't have this issue. So long as you mix your coins before you sell them peer to peer or at an exchange, your identity for the most part is safe. Along with that, you can store Bitcoin in cold storage for decades with no apparent owner, so that they can be accessed later without legal trouble arising because of someone claiming that the investments are theirs.
Thanks for reading, what do you think about the Bitcoin vs Gold debate?
I agree about everything you have said. Actually, it is much wiser to invest in Bitcoin than in Gold I think. It is easier to store Bitcoin as well as it is more liquid and has a less spread (between the price of buying and selling) than Gold (if we are talking about physical gold that requires special conditions to be stored and is more difficult to be sold fastly). I am making this post to start the discussion of Bitcoin vs gold, I know that this topic has been discussed in different threads, but I have a different approach of this topic. I want to get the opinion of the people that think gold is superior so I can see the other side of the argument.
I believe that Bitcoin is superior to gold, they're both assets, but not the same kind of asset. Gold is physical in the sense that a government or large entity can take it away from you, without your knowledge, and without needing your permission. Bitcoin combats this, a Bitcoin wallet doesn't need a SSN, ID, and other identification to own. Anyone in the world has the right to own Bitcoin, but the same can't be said about gold. People also argue that gold is a safer asset because it can be insured. I second this, insurance needs identification, which adds a second layer of binding your assets to your data, meaning that multiple people know exactly who owns that gold and how much its worth, that leaves room for corruption inside of banks allowing an evil third party to be notified who owns large investments that could be stolen/robbed. Bitcoin, as long as you have an anonymous wallet, doesn't have this issue. So long as you mix your coins before you sell them peer to peer or at an exchange, your identity for the most part is safe. Along with that, you can store Bitcoin in cold storage for decades with no apparent owner, so that they can be accessed later without legal trouble arising because of someone claiming that the investments are theirs.
Thanks for reading, what do you think about the Bitcoin vs Gold debate?
Bitcoin and gold cannot be debated continuously, both have their own advantages. nowadays many people invest in bitcoin but those who invest in gold are also not less. personally, i choose to invest in both but is more dominant invest in bitcoin and other cryptos. At least if I don't make a profit I still have investments elsewhere. but so far fortunately I have profited from crypto investments although some have also failed. That's okay, everyone has their own choice of where to invest.
It is quite funny how some people in the comment sectionthinks that government can find your private keys easily. First of all, I can decide to buy bitcoin and no single person on earth would know who I am, not to talk of them knowing that I really bought Bitcoin. I have been using peer to peer methods for years to buy bitcoin and maintaining my privacy without talking to anyone about it and no one knows, except I decide to tell them.
Not even the government or anyone would know that I am storing bitcoins, even if you see my address on the blockchain and the money that is being moved, you don’t know who is behind it, because when I will be selling I won’t make use of regulated exchanges, I would just sell it directly to someone through peer-to-peer, and you would only see my coins sent to a different address and still not know who I am. So sorry, it’s easy to maintain your privacy with bitcoin than gold.
Not even the government or anyone would know that I am storing bitcoins, even if you see my address on the blockchain and the money that is being moved, you don’t know who is behind it, because when I will be selling I won’t make use of regulated exchanges, I would just sell it directly to someone through peer-to-peer, and you would only see my coins sent to a different address and still not know who I am. So sorry, it’s easy to maintain your privacy with bitcoin than gold.
The use is more functional of course Bitcoin but the stability and the assurance? does Bitcoin can stand in all kind of world scenario than what Gold can be?
Am sure it is Gold will dominate once there is another worldwar comes our way.
but I am for Bitcoin of course as i am keeping 80% of all my life asset inside bitcoin or i may say cryptocurrency because i also hold altcoins in my folio .
but comparison of Gold and Bitcoin exist since 2010 and yet what do we get as an answer?
there is a Bias point because this is Bitcoin community in which we are asking.
Am sure it is Gold will dominate once there is another worldwar comes our way.
but I am for Bitcoin of course as i am keeping 80% of all my life asset inside bitcoin or i may say cryptocurrency because i also hold altcoins in my folio .
but comparison of Gold and Bitcoin exist since 2010 and yet what do we get as an answer?
there is a Bias point because this is Bitcoin community in which we are asking.
Talking this kind of issue in a one sided community really looks like bias to Gold because it is being discuss in a Bitcoin community which expected that none or few will stand for gold. It is not the first time we've encountered such kind of discussion comparing which one is valuable a bitcoin or gold but looking the value of bitcoin today we can actually say that bitcoin is more high value than gold. However, gold and bitcoin are two different types of asset in a different way gold being physical asset and bitcoin as a digital asset, stability also different but today as technology becomes more advance I do expect that bitcoin will become more useful in the near future.
If compared in value, of course Bitcoin will be much larger than gold, its popularity is also increasing. In the future, it will probably grow even stronger. As for gold, it is not only considered as a legal asset but also used as a popular jewelry all over the world, most people love gold jewelry. Overall, both gold and Bitcoin offer their own merits and are well worth the investment.
The use is more functional of course Bitcoin but the stability and the assurance? does Bitcoin can stand in all kind of world scenario than what Gold can be?Am sure it is Gold will dominate once there is another worldwar comes our way.
but I am for Bitcoin of course as i am keeping 80% of all my life asset inside bitcoin or i may say cryptocurrency because i also hold altcoins in my folio .
but comparison of Gold and Bitcoin exist since 2010 and yet what do we get as an answer?
there is a Bias point because this is Bitcoin community in which we are asking.
If compared in value, of course Bitcoin will be much larger than gold, its popularity is also increasing. In the future, it will probably grow even stronger. As for gold, it is not only considered as a legal asset but also used as a popular jewelry all over the world, most people love gold jewelry. Overall, both gold and Bitcoin offer their own merits and are well worth the investment.
Even though we have seen a great potential of bitcoin over gold, bitcoin cannot still replace gold because of government regulation, bitcoin will never be accepted as it is a decentralized system and there is no way for a centralized system to accept cryptocurrency, but still even though they wouldn't accept bitcoin we are still free to explore the crypto world and invest in bitcoin which really makes me already fine, don't care whether our country accepts bitcoin or not as long as I can explore it.
bitcoin has its own advantages where all control is in the hands of each and if you can manage it well it will be very profitable. some people think gold has a more stable price and for ordinary people, gold is a safer investment, we just need to wait for the gold price to rise but if we learn more bitcoin investment is no less safe than other investments if we are more careful. besides that bitcoin investment also gets a big profit if we can manage it well.
we can not blame those who invest in gold, because it has a physical and has been recognized by the state, and the risk is smaller. but we also can't blame bitcoin investors, because they have a different view, by looking at the future so that bitcoin becomes more profitable
bitcoin has its own advantages where all control is in the hands of each and if you can manage it well it will be very profitable. some people think gold has a more stable price and for ordinary people, gold is a safer investment, we just need to wait for the gold price to rise but if we learn more bitcoin investment is no less safe than other investments if we are more careful. besides that bitcoin investment also gets a big profit if we can manage it well.
Think of Gold as an Altcoin. We know Bitcoin has more value than Altcoins. Bitcoin and Altcoins work together to hedge against inflation. 
Gold as altcoin?
Altcoins are digital computed currencies and Gold is physical in nature I don't know how you got to that terminology but it's wrong.
Bitcoin and Altcoin work together? again?
I don't understand your points, Do you mean Bitcoin and Altcoins should have shared MarketCap equally? if so then that's disastrous.
actually both have their respective advantages depending on who invests in it. for people who are not familiar with bitcoin or are afraid to invest in bitcoin, of course they will choose gold for investment. because gold has a more stable price and ordinary people believe more in gold because it has a physical form that can be made sense. different from crypto enthusiasts who prefer crypto for investment because they know the superior side of crypto investment that is not obtained by other investments.
And this is you should how able to recognize on where there are really pro's and con's between two things and also they do love to compare gold which is a natural mineral to bitcoin which is a bunch of codesand serve out as a digital currency.
Of course there would be differences in value because on accessibility itself then its clear as day that people who do involved online will able to attain bitcoin in the most simplest and comfortable
way which they cant be done with gold.
But talking about long term aspects in terms of profits then both could give that but somehow it do differs on how much you could potentially earn.
actually both have their respective advantages depending on who invests in it. for people who are not familiar with bitcoin or are afraid to invest in bitcoin, of course they will choose gold for investment. because gold has a more stable price and ordinary people believe more in gold because it has a physical form that can be made sense. different from crypto enthusiasts who prefer crypto for investment because they know the superior side of crypto investment that is not obtained by other investments.
I think Bitcoin is better and safer than gold. Because Bitcoin will be safe and secret as long as it is in your wallet. On the other hand, it is not possible to keep gold secret. Anyone can own Bitcoin. So I prefer Bitcoin.
You can still keep gold as a secret. You don't have to tell everybody about what you own and you can keep your assets secretly. But many will agree that bitcoin is better because we're focused into holding it.
There's more potential profit that we can get from owning it.
You arent really just making yourself to be on surveillanced but also you are putting yourself at risk when it comes to your life which is really a dumb decision for you to make.
I dont really see the point on trying to differentiate between Gold and Bitcoin.They do have different purpose but having ending up on the same goal which is to make
profits but somehow there are noticeable differences which people do really prefer.
There's no need for you to tell it to the world that you own it personally. It's better to be safe and private because if someone you told it personally, he or she might have a bad plan for you.
Just to be safe around.
I actually think that both Bitcoin and gold can complement each other. Both of these things have advantages and disadvantages of each, now this is the real important point. Even though Bitcoin is volatile, it is so sophisticated armed with today's super-sophisticated technology, besides that Bitcoin is predicted to be an anti-inflation tool. Today many also know about Bitcoin but they are still hesitant to join.
Here you can check this thread as it has been discussed for many years in this community.
2015
Bitcoin vs Gold: The Age Old Debate
2017
Bitcoin VS. GOLD
So Bitcoin is better than Gold?
2018
Bitcoin vs. Gold, Fiat and Altcoins (Updated: Traits of Money)
2019
Bitcoin versus Gold, the conflict
2020
[UPDATED] Bitcoin vs Gold vs The US Stock Market(US500)
Yes, there have been too many threads on here discussing the same topic. Ultimately, reaching the same conclusion, that while the two are not even close for a good comparison, BTC by far outweighs the benefits that gold once used to offer to investors and those looking to preserve their wealth. 2015
Bitcoin vs Gold: The Age Old Debate
2017
Bitcoin VS. GOLD
So Bitcoin is better than Gold?
2018
Bitcoin vs. Gold, Fiat and Altcoins (Updated: Traits of Money)
2019
Bitcoin versus Gold, the conflict
2020
[UPDATED] Bitcoin vs Gold vs The US Stock Market(US500)
It only requires a flexible mindset for an investor to be able to see that gold is falling short of the 'gold standard', and crypto is racing to take its place!!!
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Bitcoin is still an asset, USD is an asset. Just because it is a currency does not mean its not an asset. Even then, Bitcoin is used as an investment by many, and seen as an asset, even people who are into crypto call in an asset alongside a currency.
You are wrong. By definitions currencies are not considered assets (sometimes the term "monetary asset" is used but currencies are not categorized as asset class). Bitcoin is still an asset, USD is an asset. Just because it is a currency does not mean its not an asset. Even then, Bitcoin is used as an investment by many, and seen as an asset, even people who are into crypto call in an asset alongside a currency.
As I mentioned the way some people see bitcoin doesn't defined what it is. There are also people who see bitcoin as a "Ponzi scheme" but that doesn't make it so.
Wrong. Liquid assets are still assets, by definition, they have value. Source: https://www.cryptovantage.com/guides/what-does-liquidity-mean-for-cryptocurrency/#:~:text=against%20other%20exchanges.-,Is%20Bitcoin%20Considered%20a%20Liquid%20Asset%3F,large%20buy%20and%20sell%20orders.
Think of Gold as an Altcoin. We know Bitcoin has more value than Altcoins. Bitcoin and Altcoins work together to hedge against inflation.
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