Bitcoin > Gold - page 2. | Bitcointalksearch.org

witcher_sense

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Quote from: Argoo on October 20, 2021, 01:00:50 AM

Of course, gold and bitcoin are not comparable. The only thing that unites them is the high cost. Otherwise, they are almost completely opposite.
To what has been said here, I can add that we should not rely entirely on new technologies, digital in particular. Now the climate is changing, scientists are warning of mass cataclysms, and any technology, including the Internet, may disappear. We do not know what will happen to cryptocurrency in 20-30 years, but descendants can find our gold in tens of thousands of years.
We are not the first civilization on this planet and the technologies of previous human civilizations sometimes surpassed ours. We find gold in all civilizations, but we have not heard anything about the use of cryptocurrency before.

If there weren't digital technologies such as the Internet, radio, etc., you likely wouldn't notice any climate changes or mass cataclysms because there wouldn't be any effective ways for scientists to spread their warnings. We wouldn't have the living standard we have today, humans would still be living in caves like animals. Or humanity would be already dead due to the lack of development of societies and technologies. We need new technologies, we need to develop new ways of dealing with old problems because that is how we survive and evolve. Even if we know for sure that the sun will burn out in five billion years, it doesn't mean we should stop building now. Today, the vast majority of people suffer from the disadvantages of the traditional monetary system, and people have to deal with it somehow by developing new digital money. Today, gold has failed as money but it doesn't mean it was useless previously or will be useless in the future.

Argoo

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Quote from: wajik-tempe on October 18, 2021, 09:10:28 PM

Quote from: Fundamentals Of on October 18, 2021, 08:29:20 PM

The Bitcoin vs gold debate could be approached from different sides. You can look at it in different angles. All I'm saying is that Bitcoin is much better than gold in certain respects as gold is also much better than Bitcoin in others. If we are going to discuss about seizure, Bitcoin is indeed better than gold. But if we talk about certainty that the value won't crash in the next hundreds of years, gold might be better than Bitcoin. We cannot compare the two in its entirety as if they are completely the same.

We also cannot say the value of gold will be more valuable than bitcoin in 100 years. You can say like that because gold is already hundred years age or maybe thousands. But bitcoin age is just under 20 years and it's still developing within year.
In this digital era where people are less meet each other, i think digital assets is becoming a new gold in the future, people will no longer save their physical assets but everything is in digital but with better security ofcourse.

Of course, gold and bitcoin are not comparable. The only thing that unites them is the high cost. Otherwise, they are almost completely opposite.
To what has been said here, I can add that we should not rely entirely on new technologies, digital in particular. Now the climate is changing, scientists are warning of mass cataclysms, and any technology, including the Internet, may disappear. We do not know what will happen to cryptocurrency in 20-30 years, but descendants can find our gold in tens of thousands of years.
We are not the first civilization on this planet and the technologies of previous human civilizations sometimes surpassed ours. We find gold in all civilizations, but we have not heard anything about the use of cryptocurrency before.

pooya87

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Quote from: QuickAccount on October 19, 2021, 10:16:45 AM

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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).
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.

Marvell1

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Quote from: amihada on October 19, 2021, 07:16:32 AM

I think bitcoin and gold can both be used as assets for the future, for those of you who like bitcoin investment, please invest in bitcoin but there are still many people who still believe in investing in gold to be used as a future investment. so it all depends on our beliefs whether we want to choose gold or bitcoin obviously both have a high selling price.

Both are good don't compare them, Gold is a fairly safe investment because the price of gold is less volatile and has been recognized by the world for thousands of years. bitcoin is a digital asset, high volatility. Investing in bitcoin is clearly a better return than gold, but sometimes it also costs us money if invested in the wrong way. So, depending on the needs make the right choice for each person.

lienfaye

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Quote from: QuickAccount on October 18, 2021, 01:45:42 PM

Thanks for reading, what do you think about the Bitcoin vs Gold debate?

Both should not be compared because they're different. Gold has a physical form while bitcoin has not, though no doubt these two are a good investment. Well, I like gold, its been years when I started accumulating because I believe its a good investment and can be useful in the future.

But I prefer bitcoin when it comes to storing my assets, as long as I have the keys even it takes long period its safe and there's no need for hassle works like if you store your money on banks. Its a good investment as well and I admit its way profitable than gold.

BuNga_cute

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Quote from: NelfiNovita on October 19, 2021, 01:35:02 PM

I think Bitcoin is safer than Gold. As long as we store the private keys of our Bitcoin wallets properly, our Bitcoins will be more secure from hackers.
Gold can be insured but using a third party who can steal the gold that we have.
If we judge from the profit that we will get then we will benefit more from bitcoin than gold. The price of bitcoin at the beginning of 2013 at that time the price of bitcoin was around $ 120 and if we hold it until now then we will get very much profit.
I think bitcoin is such a perfect cryptocurrency that its price is very high and its popularity is unmatched.

Many people are afraid of investing in Bitcoin because they feel insecure, whereas people who lose Bitcoin are mostly their own fault. Because if
we store Bitcoin in the right way, Bitcoin should be one of the most secure assets. I always store Bitcoins in hardware wallets, because that's
the safest way, so that our Bitcoins are not easily stolen by hackers. As long as we take good care of our private keys, there's nothing to worry about.
Meanwhile, if we have Gold, it is more difficult to store it, because if we store it at home, we must provide a safe box which may be quite expensive.
Or we store it in a third party which does not guarantee it is safe, because there have been several incidents where Gold is stolen when it is stored
in a third party. Moreover, if we see the price of Bitcoin, which performs better than Gold, I am increasingly convinced to focus on investing in Bitcoin.

ChiBitCTy

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Quote from: o48o on October 18, 2021, 03:08:46 PM

Quote from: QuickAccount on October 18, 2021, 01:45:42 PM

Government can literally take your private keys as easily as your hidden physical gold if they want, i mean good luck hidding that private key and if it's only in some physical device, it doesn't matter if officials can decrypt it or not if they confiscate it. Also btc wallet isn't an anonymous wallet, it's pseudonymous. You might feel that's nitpicking, but it makes all the difference since EVERYTHING can be tracked. That comes problematic when you try to cash out a bigger sum and your id will go to that mix.

Please, good luck with that. There is no chance in hell that my government is going to take anything from me. Amazes me that in the United States at one point in time our government had a gold recall. If they tried to do anything like that today they’d not stand a chance.

worldofcoins

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I wouldn't compare both because Gold is physical and bitcoin is digital.

Gold will still have its value even if the civilization falls and so does the network on which bitcoin runs but that's a hypothetical situation but explains the point I'm trying to present.

Another thing that Bitcoin has over Gold is transaction speed and no physical involvement while making the transaction, everything is digital.

There's a lot of Transaction fees for gold if you Buy it from overseas but that's not the case with bitcoin.

Smartvirus

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One thing we must come to realise is that, the law of demand and supply applies in every field of business. This is where bitcoin is of advantage to gold becuase, its got a limited supply which adds to it the idea of a scarce commodity yet to actualize in time but gold is not like that. Yeah, a mine might run dry and leads miners to seeking a new mine and all that but, there is every chance that, the value attached to scarcity would take more time to actualize in gold than bitcoin. So, bitcoin have got an edge to value more than gold would ever have.

adzino

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Why do people have to compare bitcoin with gold? You can invest in whatever you want and feel comfortable. Gold is gold, bitcoin is bitcoin. Those are two different things. You can't do things with gold that you can do with bitcoin. Similarly, you can't do things with bitcoin that you can do with gold. Bitcoin is a currency and gold isn't. Bitcoin was made so we could do transaction without involving third party financial organization. It was made so that only we control our own finances. On other hand, gold is a rare natural resource that can be used as a store of value. A better comparison would be bitcoin vs fiat (and we have seen a lot and know who clearly is the winner).

dunfida

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Quote from: livingfree on October 19, 2021, 01:47:13 PM

Quote from: tokyohd on October 19, 2021, 12:35:55 AM

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.

Agree, your assets wont be known if you do just decide on not to expose it publicly or wont to tell somebody on what you do own which i could say a typical thing to be done rather than to be boastful about your assets.

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.

livingfree

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Quote from: tokyohd on October 19, 2021, 12:35:55 AM

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.

Rishabh riyz

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well on the basis of transparency and legality, gold is practically unmatched when it comes to accessibility to people of all economic standing and technological knowledge, And most importantly being the ultimate currency of most of the governments , all these might show gold to have upper hand on BTC

BUT if we see as an asset bitcoins is considered to be more than 100 times of golds store of value , now if we consider the growth of gold it grew for the max of 83% starting from 2016 and if we see for BTC from 2006 its on an astonishing high growth of 8,440%, this clearly show the value difference in both the assets.
its also speculated that Maybe, Bitcoin's market cap could surpass gold's market cap by 2030.

NelfiNovita

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I think Bitcoin is safer than Gold. As long as we store the private keys of our Bitcoin wallets properly, our Bitcoins will be more secure from hackers.
Gold can be insured but using a third party who can steal the gold that we have.
If we judge from the profit that we will get then we will benefit more from bitcoin than gold. The price of bitcoin at the beginning of 2013 at that time the price of bitcoin was around $ 120 and if we hold it until now then we will get very much profit.
I think bitcoin is such a perfect cryptocurrency that its price is very high and its popularity is unmatched.

Ararbermas

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Quote from: QuickAccount on October 18, 2021, 01:45:42 PM

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?

actually you point, people who choose gold are those investors who want a secured investment, and those people who believe and relies in bitcoin are those investors who want to hide their identity and of course to have freedom when it comes investment .. As simple as that! , indeed that's why governments are very against to crypto currency because of that reason wherein crypto is untraceable as well. For sure these arguments will not end even in the next generation, so just let them choose which option they're comfortable.. Lol

bitzizzix

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The most common dangerous risk difference between bitcoin and gold, even to the point of causing death.
I mean that having gold must be prepared to face the risk of losing gold which can happen at any time, for example due to robbery or mugging that often occurs and will cause injury and even death to those who have it because criminals will take it by force or violence.
and the risk of losing bitcoins is not as cruel as the risk of danger of owning gold, and usually only losses without causing injury or death and also intangible so it is very safe and comfortable.

The advantages and disadvantages of both are often discussed and the answer will be the same as the previous one, so I comment on the dangerous risks that will occur in reality.

QuickAccount

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Quote

They're both assets

Wrong.

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.

QuickAccount

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Quote from: BlackHatCoiner on October 18, 2021, 04:12:37 PM

Bitcoin is better than gold as a store of value asset, objectively.

It can sent from one side of the planet to the other within seconds. (And it's extremely cheap with LN)
It's easier to cut it into 100,000,000 pieces.
It doesn't take space. (No storage costs)
You know exactly how many there'll be.

And it introduces an extra feature: Trustless divided possession. (Multi-sig)

Quote from: QuickAccount on October 18, 2021, 01:45:42 PM

Anyone in the world has the right to own Bitcoin

But, is this true? Lots of human rights are violated from authoritarian states. So, while everyone should have the right to own Bitcoin, they don't. While everyone should have the right to vote democratically, they don't. While everyone should have the right to be educated or health cared for free, they don't.

Some don't even have water.

What I ment by "Anyone has the right to own Bitcoin", is that credentials are not needed. I mean that the idea of Bitcoin is that anyone can make a wallet, no matter who it is.

Luzin

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Quote from: DeathAngel on October 18, 2021, 04:00:47 PM

Bitcoin is better than gold in every way.

I agree with you, but the slight drawback is regarding its worldwide recognition. Gold has been recognized as a safe haven asset, because in times of global economic uncertainty and declining trust in the government and gold has been used for a long time.
But on the development side of the era, I still believe that bitcoin is currently growing. I think in the future more countries will recognize it. Because I believe in the ever-evolving technological civilization. So at some point in the future people will switch to bitcoin because of the change in civilization.

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I think bitcoin and gold can both be used as assets for the future, for those of you who like bitcoin investment, please invest in bitcoin but there are still many people who still believe in investing in gold to be used as a future investment. so it all depends on our beliefs whether we want to choose gold or bitcoin obviously both have a high selling price.

Topic: Bitcoin > Gold - page 2. (Read 370 times)