Topic: Bitcoin Is Better Than Digital Gold - page 2. (Read 1649 times)

Bitcoin is already spread across to every part of the world and the only reason why most people are yet to venture is because they have know idea and see it as being of no need or maybe a scam like.

While Bitcoin is better than Gold, one should be able to understand the volatile nature of Bitcoin than that of Gold, if only Gold operates in volatility. Knowing that your investment over the years will deflate in price and still increase when the bull begins is extremely necessary and an advantage over Gold.

Holding physical gold is kind of safer than that of holding Bitcoin in wallet as your wallet might get hacked but in case of a physical Gold it can be duged and hidden or given to the bank to hold with concrete evidence and witnesses.

I wouldn't say that bitcoin's less known because it's already 13 years already and I think that's enough time for bitcoin to be spread across the Internet so I don't buy it that bitcoin isn't popular among the people of the Internet, maybe it's not yet as popular as gold but I'm sure that the gap is getting closer and closer every year. As much as I agree that both are valuable assets, I think that I would just stick to bitcoin because of the profit that you can get out of hodling it compared to hodling gold that grows in measly amounts compared to bitcoin, you're better off investing bitcoin because you're likely to keep it safe compared to gold where people would be able to steal it physically.

Personally, I prefer to invest in bitcoin over digital gold. Well, while both are good and valuable investments, I think the general person would choose digital gold over bitcoin. that's because most people in my circle prefer digital gold to bitcoin. The reason is because the price of bitcoin is very unstable, they are afraid to invest in bitcoin.
However, for people who already know about bitcoin, and its potential, I'm pretty sure they will be more likely to choose bitcoin. Additionally, I would probably consider real gold over digital. Well, both are good investments, the only difference is how we use them so that the investment has big profits for us.

Now both can be used for long-term investments by everyone, but when someone wants more profits from their investment, of course the choice will lead to Bitcoin and not Gold. But if an investor just wants to invest without thinking about more profits but prioritizes storing the value of his assets, of course the direction of choice is more suitable for Gold. So it can be concluded that both are equally suitable to choose, although in the end it always depends on what the investor himself wants when choosing one.

Gold or bitcoin, both are excellent and high quality investment assets or stores of value. I will not deny it, because these two assets have been proven and many people have proven it. So if you compare gold and bitcoin, it will be difficult to choose which asset is superior. Because both are assets that already have a lot of trust, quality, and are also very well known to many people. However, if you look at the age of these two assets, gold existed before Bitcoin was created. However, what is surprising is that even though Bitcoin is still a new asset, its popularity has skyrocketed very quickly. So gold or bitcoin, I think both are valuable and very high quality assets. And there is not much comparison between the two assets.

Bitcoin and gold have different characteristics but both are very valuable assets to people. If the question is asked here, which one would you choose to invest in?  I will definitely choose bitcoin for investment. Because it is possible to get more profit from investing in bitcoins than gold. There is volatility in the Bitcoin market due to which the price of Bitcoin is fluctuating every moment. Because of Bitcoin's volatility, a large long-term investment in Bitcoin can yield multiple returns. As volatile as the price of Bitcoin is in the market, the price of gold is not as volatile. So now people prefer bitcoin more than gold for investment.

Definitely Bitcoin is better than gold. digital gold you are saying is still thesame thing as bitcoin. Reason why Bitcoin is better than gold is that:
1) bitcoin is more volatile than gold
2) Gold is a physical asset while bitcoin is a digital asset.
3) bitcoin can be traded online while Gold is traded offline.
4) Bitcoin can be used for payment across the nation but Gold is only a store of value which can not be used as online payment.
5) Bitcoin is limited in supply while Gold has not limited in supply. Because miners always mine gold everyday. So there is a possibility that it will one day be lesser in value when it has too much number in supply. Because the limited in supply of any given asset makes it to be more valuable and has a higher volatility. Creating more demand than supply.

Yes, volatility of the price is the challenging thing in Bitcoin. If people don't understand it, it won't be easy to hold Bitcoin. That's why people must have knowledge, they must understand the price cycle every 4 years at least. People also must be aware that there are many FUDs in Bitcoin investment, so people must have strong mentality when they want to hold Bitcoin. It is a bit different with holding Gold, I don't see too many FUDs on the Gold investment. The price of Gold also looks quite stable, there is no big changes in the Gold price from one year to another year.

Sure, the volatility makes the chance for gaining bigger profits in Bitcoin. It is because the price of Bitcoin can skyrocket, it can increase very significantly. Gold will never offer this because the price is quite stable. IMHO, holding Gold is not so different with holding stable coins. 

More or less we should agree that bitcoin as the digital gold for now.And even the gold can be traceable,but the bitcoin can’t be traced until you had mentioned your bitcoin address in any place.The bitcoin was the secured and untraceable gold in the digital form in the modern world.The return from the bitcoin investment will be likely 10-30 times of the gold investment result.Many gold merchants was get into the bitcoin for now by not sharing they was involved in the cryptocurrency investment.One gold merchant near my home also started their own trading in the crypto currency without the knowledge to their family.


The gold merchant also get into bitcoin now after knowing the importance of the bitcoin over the gold.The gold give more returns in the long run,but the gold merchant can get the hundred percentage of the deposited value equivalent dollars as return from the bitcoin trading.The bitcoin was the more demanded assets among the gold merchant and the bitcoin can be sold with profit all the time.

Bitcoin is also the digital gold of today. In the olden days, most people used to invest in gold.Still both have their own importance.Gold investment is safer than Bitcoin but the rate of return is higher in Bitcoin. I think bitcoin investment is also safe, because no one but you knows how much bitcoin you have, and there is no outward appearance that anyone can take away from you. However, the importance of gold can't be denied, but I don't think there's as much risk in Bitcoin as people think it it.

Then risk is there only if you take the entry at the wrong time. So you should know the right time to buy. In every business there is always a guesstimate, people who buy without thinking are at high risk of loss. So the risk is not inherent in Bitcoin, but rather our own inexperience and ignorance that exposes us to the risk.

I think people who know about cryptocurrency most of the time prefer to invest in bitcoin than gold. But I think it is much safer to invest in gold than bitcoin. I like to invest in bitcoin even though there is some risk in bitcoin. That's why I invest in bitcoin most of the time.  When you see some amount of profit, you sell bitcoins. If you invest in gold, it is an asset.

I get why some folks throw money at Bitcoin, hoping to strike it rich.  No doubt, a lucky few have made out like bandits.  But for most people? The reality is you'll likely see modest returns at best. 

Now I ain't saying it can't pay off big time.  But, far as I can figure, most buyers are taking a massive gamble, crossing their fingers theyll turn a decent profit rather than get burned. 

Bitcoin and gold are actually good for hedging value rather than keeping money in the bank. However, if we talk about profits, of course bitcoin is better than gold. Bitcoin is still the best for long-term investment assets, indeed bitcoin is high risk, high return, the decline in assets can be tens of%, wait for the next halving, the asset will change to a return of hundreds or even thousands of%. Yes, what a crazy investment. The risk is to be mentally strong in bear market conditions, but at least only for 1-2 years.

In contrast to gold, in my opinion gold is not an investment instrument, but a hedging instrument, because the increase in gold prices is in line with inflation. so this doesn't make people rich but it keeps rich people rich, because it just protects their values.

Between bitcoin and gold i think bitcoin investment is a bit risky but there is a chance to gain huge amount of money by investing bitcoin. but gold is more popular than bitcoin for which everyone wants to invest in gold and keep the money as deposit. i thought to invest bitcoin along with gold.  You can never be successful if you don't take risks. To be successful, you have to invest with some risk, then you will see success.

Both are valuable resources.  As gold is popular among all, bitcoin is a little less known.  But both are valuable assets. We should invest more or less in both.  If you have enough money, I would say to buy gold. You don't have to be aware of any risk in buying gold. But in buying bitcoin, you have to have enough understanding about it and be aware of its risks.

When it comes to gold, it's a good idea to use physical gold directly so that we can control it ourselves and exchange it ourselves when we want directly at the nearest shops. Even though holding digital gold can also make it easier for us in certain things, for me physical gold is no less good in terms of price even though it requires a safe place to store it. As for Bitcoin itself, it is actually quite clear that there are already several wallets that have been recommended by previous people to store it properly so we only need to choose what wallet we like to put Bitcoin in.

The idea of profiting from gold is slightly off, its purely just a metal a commodity and does nothing at all just sitting there as a metal.  The correct growth allocation or expectation for gold is just plain flat zero.

However to do nothing or be inert under pressure is useful, the world has many risks and obviously as FIAT grows weaker the gold appears to be rising in price even if its value is flat.   That is a use, if there is a growth in people requiring that use thats where I guess the idea of profit from gold occurs.  Long term we have to say its still a flat growth product, it never alters.

Holding BTC again I think it should be used actively in order for an expectation of gains, BTC by itself if not used imo is far less valuable then put into its best use remotely securely and enabling trade mostly of digital products is how I see its best purpose and so highest value.
   Purely holding BTC I would then be a commodity speculator, especially those who borrow funds in any way to hold BTC then they are forced into being speculators or traders with the costs of trading that should be expected.  Its a hard game to win and people blame BTC for that, the prices flies all over the place but thats the dollar price as the BTC itself didnt alter.  So the two assets do have this kind of dynamic in common.

Anyway I wanted to post this chart, its stocks [Dow Jones Index] but its over a century of history.   Gold is super long term and somehow BTC appears to have long term dynamics in its movements.  I dont often look at monthly bars on a chart but I do with BTC so its pretty long term in its moves imo.   This is an interesting chart with epic change in prices over so long etc.  much of this price change is a reflection of Dollar altering so substantially.
  If we discuss Dollar it was by the gold standard for a long time and the chart history is relevant to projections forward for any long term asset or commodity we want to discuss a Dollar price for imo.
 Tone Vays had it in a video

I agree with your opinion with Bitcoin, we can claim our city's money, our own money, we control it without a third party, anytime, anywhere, we can send our assets, which is different from digital gold which is held by certain parties and cannot be transferred directly. disburse it whenever we want

Volatility and decline are an integral part of bitcoin but not everyone understands or can tolerate it. Therefore, everyone needs to have complete knowledge when investing in bitcoin because only if we have knowledge and understand it well. That way, we can stay calm about bitcoin's short-term fluctuations.

Although holding bitcoin is much more difficult than holding gold, in return, if we can overcome those challenges, the rewards we receive are huge that investments like gold cannot bring. 

Nice point.

There's a difference between holding gold and Bitcoin but you just do the same thing of holding it. So if there are other factors that need to be considered on how we're going to hold it varies.

That's the normal thing in bitcoin that we will face such market drops and pumps and that's part of holding it and someone who's into this for a long time is aware of it and treats it as nothing.