Topic: Bitcoin > Gold - page 3. (Read 370 times)

It always depends on the context.

For you and for me, sure, better, "safer" but I wouldn't be too sure about security, knowing how everyone around me doesn't store passwords well, and even for myself, I didn't even guard one of my faucet accounts with 2FA to my detriment.

Gold's tough to steal. And if you're good, easier to conceal than Bitcoin.

I think bitcoin and gold are not debatable since both bitcoin and gold work in different ways but both bitcoin and gold is the asset in a different thing. You can sell bitcoin easily at the exchange or other but with gold, you need to have a certificate if you want to buy or sell a medium or big amount of gold and not all places can accept it.

Storing gold and bitcoin will be different too as if you have bitcoin, you do not need a specific place to store it. As long as you have a personal wallet that only you will know, you can save your bitcoin. While you need to have a safety box or other hidden place to save your gold and we can not tell other people about our gold.

For ordinary people, they will still choose gold over bitcoin because they feel convenient to use gold as their investment besides having land for their investment. But for bitcoin users, we choose bitcoin over gold, but some of us prefer to have bitcoin and gold at the same time.

safer than gold ?  how can you say that? bitcoin is more riskier than gold because it is online while gold is physical and you can keep it holding.
bitcoin has no complete assurance while gold is can kept under our pillow.

but in terms of profiting ? then yes it is bitcoin that can bring us what we are seeking , bitcoin can even double our money in a matter of months .

It's quite obvious for all comparison of gold and bitcoin is useless, it's a big waist.
Quite alright gold has been around for sometime now but one wouldn't get gold at the rate he's getting Bitcoin, nobody would even want to sell them gold as they sell bitcoin.
A whole lot to say about this Pal, but in a thousand times, I'll tell you comparison between this two although they both add value when a person gets one but Bitcoin is superior to all.

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.

Both arguments are wrong if you ask me because you are comparing apples and oranges. Bitcoin and gold are not in the same category to be compared like this.

Gold is a precious metal that is only used as an investment (even jewelries are kind of an investment) and other use cases such as usage in electronics, etc. are too small to matter. Also gold is an ancient "asset".
Bitcoin on the other hand is a currency and it is brand new. In comparison to gold it is an infant (1000+ years versus 12 years).

Wrong.
Bitcoin is a currency, whether some people choose to invest in bitcoin doesn't change its nature. I always use the example of countries with hyper inflation, if in Venezuela you invested USD to fight the inflation that doesn't turn USD into an asset, it still is a currency that you are investing in.

There is a contradiction in this statement of yours. If gold is "physical" then nobody can take it away from you without your knowledge. They have to take it by force.
In this sense they can also take your bitcoin by force, although it is harder.

Not quite right. You need a private key and nothing else. I don't know what you mean by "SSN" and "ID" or "other..." here but none of them are needed.

Insurance is done by using a third party, that doesn't matter what you are insuring as long as there is some company that does this. So it could work for both bitcoin and gold. It is a dumb thing but it is possible. They aren't doing it for bitcoin yet only because bitcoin isn't that big and its price is too volatile for the insurance companies to handle.

you are asking in Bitcoin community/forum so how can you expect the reaction might be? of course majority will favor Bitcoin against Gold.

but practicality Gold is the best way to keep safe our asset but the problem is the lower increase in value and that is even bring lowering price .

Yes Bitcoin is Best for me as i have tried holding gold and bitcoin .

I have no problem with gold and if we let it alone it would continue to be an important precious metal that will always be useful in many ways. However, when we take a look at it as an investment in comparison to holding Bitcoin, we can see that it got some disadvantages and the most glaring is that not all can easily buy or get into it just like Bitcoin...because with Bitcoin you can buy one even with just $1. Now, of course, you can't wear Bitcoin unlike with gold that you can mold into jewelries as a show of wealth.

In summary, am comparing gold to real letters (or postcards for that matter) which we used to send to post office in the past while Bitcoin is like the email that we are receiving right now...it is fast, cheap to send and though we can't touch it we can read it all day.

We can never be sure that gold would still be valuable in the next hundred of years of course. But since it has been around as a valuable asset for thousands of years, would it not be logical to assume that it would remain so for the next hundred years? Bitcoin is still only more than a decade old. It has not proven that it would remain the best of currencies despite all the massive changes that would occur in the history of humanity. Bitcoin is highly dependent on technology. Technology develops really fast. Things get obsolete faster in technology.

They are both assets with great value. If you think about the internet shuts down, you may fear that BTC will also fail but this is going to fail everything since banking today also depend on the Internet.

The Solar Flare fud was spread months ago but had died shortly after it but it was about the Internet going to shut down when it happens to which Bitcoin may also not going to work while Gold will also survive. So it must be good to have both just in case things happen or a war.

Overall both have their respective advantages, and there is nothing wrong if we take the initiative to invest in both, it's just that the level of legality, profit, and risk is different. This world has many choices, we know which one is better and right to choose in relation to our living conditions.
Bitcoin is clearly superior in terms of its popularity, and its role is increasingly becoming more and more desirable due to its presence in the internet world and its sophisticated technology. Here people who are left behind will miss something new that is indeed superior to gold which is fairly ancient.

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.

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.

‘Bitcoin capitalization will surpass gold’
‘Bitcoin is gold 2.0’…
are some familiar sayings in the recent Bitcoin vs gold investment debates.
 

 

 

And to calm the already fraught debate, now for both Gold and BTC portfolios in 2021 are offering excellent returns.

A lot of people keep asking for no comparison between both as they are different and have different properties. However, IMO, Bitcoin is superior. Just compare the advantages that it brings to the advantages that Gold brings, then you'll understand that Gold is in the past. It does not reign anymore.

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)

Bitcoin and gold have different properties, and Bitcoin has weaknesses that won't allow it to fully replace gold.

 - Bitcoin relies on cryptography and code and hardware. Those things are not 100% secure.

 - Bitcoin needs internet connection, which might be taken down

 - Imagine if China will restrict all computers that are being sold on their market to only be compatible with their own OS that won't allow running Bitcoin. We take free Internet and software for granted, but what if it will change in the future? At least in some parts of the world?

 - Bitcoin is still considered an experiment. This is not my words, it's the words of Bitcoin devs. It is very succesful, but it's still not 100% set in stone. While gold has been a store of value for thousands of years.

Somewhat of a blanket statement that couldn't possibly hold true.  For example, when I make jewelry out of my Bitcoin, nobody ever gives me compliments.  Electricity also doesn't seem to travel along Bitcoin quite as easily and Bitcoin makes for poor teeth fillings.  In the event of a global internet outage or solar flare taking out the power grid, gold may find itself holding value a little better than Bitcoin.  Just a couple things off the top of my head.  Is Bitcoin a better investment vehicle for online trading, sure.  Is it going to be replacing gold in our circuitry anytime soon?  No.

Op, i can't oppose your opinion towards Gold and Bitcoin both are digital currency, but we have to know that gold has been in existence with fiat currency and people don't like to trade with gold any longer, and from my perception it seems that gold currency has lost validation and influence in the market, so might say that bitcoin has taken over adoption of gold, because trading bitcoin is like everyone choice instead of gold, it's not like they challenges in gold or a competition between Bitcoin currency and gold currency, what actually happened both currencies is a propagation.

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.

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.