Topic: Bitcoin Is Better Than Digital Gold - page 3. (Read 1561 times)

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.

I think holding bitcoin and gold will not be the same, holding bitcoin will be much more difficult than gold. In addition to risks from the internet such as hackers, the high volatility of bitcoin will also make us easily panic. And that is the main reason why many people cannot keep their bitcoins for long. Many people also have great faith in bitcoin, but when faced with black swans hitting the market, they will dump their bitcoin in panic. So I think, to be able to hold bitcoin until it makes a profit is not easy, it is much more difficult than holding gold. People think holding bitcoin is easy but in reality it is much harder than we think.

That's right about Bitcoin, gains are way higher than of gold.

But about strategies, there's no need to talk about it. You buy Bitcoin and just as what people does with gold, they do nothing and hold it as well. The same goes with Bitcoin.

You hold and let bitcoin work on its own and you wait for the right time to sell and you take the profits.

I think it depends. I mean, diversifying our portfolio with gold and bitcoin is not wise. While that would make us a little safer, it would also reduce our profits. Because as you also said, bitcoin gives the best returns while gold is quite stable and no longer gives returns. So I think if our main goal is profit, and we don't have too much capital then we should invest completely in bitcoin instead of diversifying. That way we will get maximum profit. To be successful there need to be trade-offs, so I think it depends on each person.
Gold is just a store of value, not a potential investment.

They seem entirely irrelevant to me when most gold is physically held or used in Jewelry, reserves in mines etc.      We cannot compare such disparate resource types, one largely held physical and the other the oppisite.

While it's a wise decision to invest in gold, but it will be a lot wiser if you both have bitcoin and gold in your portfolio. There's no distinction as they are both profitable and valuable in their own ways. However, it's undeniable that bitcoin offers the highest net proceeds compared to other investments, but the risk is certainly the highest and the scariest if you enter Bitcoin investment without prior knowledge and experience in the market.

The only advantage about bitcoin is when you have a good working strategy that will help you to sustain your investment, then you're good to go. You will gain exceptional profits compared to gold and other investments.

Considering the price of Bitcoin after all those disasters has been steadily gaining value, once we get into the clearing, Bitcoin will see an amazing growth once nothing is holding it back.

But for that to happen we really need to consider getting away from using decentralized money on centralized exchanges/platforms.

The ETF approval news will be huge, though. I suspect a very nice pump.

I think there is no significant difference between gold and bitcoin in terms of investment. The rich can invest and the poor can also invest in gold and Bitcoin. I don't think gold is reserved for rich people and poor people can't invest in it but in most countries of the world people who are poor also buy gold.Bitcoin is not controlled or monopolized by anyone, this is the unique feature of Bitcoin. It is also not easy for poor people to invest in it.

 If you look at the current price, it is not affordable for a poor person. Bitcoin is also monopolized by rich people because those with more capital can invest more in Bitcoin and hold more Bitcoin. How will those who have little or no capital cope with them? So in terms of investment, both gold and bitcoin are difficult for poor people, and rich people are easily occupying both places.

For me, i personally love bitcoin far more than gold, whether we are talking about gold in its digital forum or physical form, Gold is gold and bitcoin is bitcoin.
Gold is an investment I personally assume is reserved for the already rich people, as it is pretty difficult for the poor to invest in gold.

But bitcoin has no such monopoly because satoshi so designed bitcoin in such a manner that no body can Control it, or gain control over it in what ever form, this alone I believe gives bitcoin a good edge over gold, as both the rich and the poor can easily and conviniently invest in bitcoin when ever and how ever they want, based on this factor, I am personally looking forward to a day when bitcoin will become way bigger than gold in terms of popularity and financial market capitalization.

At the time I will go for Bitcoin because we can see the market of Bitcoin halving is near and we all know that what going to happened. If you want to hold and earn then Bitcoin and it's the best time to hold. We can see the predictor and the price prediction. Watching all this go with Bitcoin. That's is the right time you are late but that's maybe a chance don't miss the bus.

I agree,

investing in gold can be a way to diversify your portfolio

investing in gold seemed too old now and proposed many cons like inconvenience and the risk of theft but through digital gold these have been acknowledged


investing in gold is for investors who are in it for the long-term however digital gold has a time limit for their holders but its price is mostly stable at the end of the day it all depends on your investment plans and goals you expect to meet

for now that's true. but gold has stronger fundamentals than bitcoin considering that gold is a genuine natural product while bitcoin is just numbers made from code. I don't know whether it can be sabotaged or not because after all it is made of humans. while gold is made from nature.

If 21 million Bitcoins are produced every year, that means Bitcoin will always increase every year, mate . It seems that you have misunderstood the number of Bitcoins which is 21 million, because if it continues to be produced every year, the number will definitely increase every year from 2009 until now. What I know is that Bitcoin has never increased in number every year, after the number was patented at 21 million, while Gold is a very different asset from Bitcoin. Gold is not only different in terms of supply every year, but also different from the physical side which Bitcoin basically doesn't have, so understand carefully what you are saying, mate

Crypto does not only include Bitcoin, but also includes other things too, but Bitcoin is very unique from other things because Bitcoin has a better appeal for everyone so that people who already know Bitcoin will continue to have had a fondness for Bitcoin for a long time for quite obvious reasons. So the potential of Bitcoin and the value of Bitcoin itself will be very difficult to lose in the long term.

digital gold what is it? I think what is called digital gold is the same as bitcoin. it makes no difference unless you say bitcoin is better than gold. that makes a lot more sense. I think compared to gold, bitcoin does have several advantages. It's just that in terms of durability, gold still wins. but the value of bitcoin exceeds gold for now.

Exactly right. Gold supply is unlimited and for limited BTC produced annually only the amount of 21 million and There will never be more than 21 million Bitcoins and more and more billionaires, federal fractions, and gold traders are sailing against crypto,

Crypto in this case BTC has potential and its value will gradually be widely recognized of course, the better I feel about owning BTC.

Virtual Gold and digital gold are all the same only that one can be redeemed by yourself without going after any to give you access to the physical gold but virtual gold on the other hand is manage by individuals that trade stock or ETF or even crypto that are backed by real gold in one to one ratio, this means that for every traded gold, it's back by a company that offer that redeem and you can redeem that easily to a physical gold and they all have the same characteristic, a change in real gold will affect the physical gold.

Bitcoin and Gold are two different asset, one is centralized and the other is decentralized but they have common characteristics such as preserving wealth over time but bitcoin is preferred because it's gives great return than gold. Bitcoin is having limited supply and gold is having many in circulation and more are mine everyday. Sometimes, when Gold are been ship to the market, they hardly know and that's why I don't like the metric of gold, unlike bitcoin that is in real time.

Really? Wasn't it natural phenomena that created gold? More precisely, geological processes in volcanic and magmatic formations.

Sometimes, doubts arise that we are not on a technical forum, where everything is explained from the point of view of science and common sense.


Gold is unique due to its chemical properties (what is used in science and technology). And the value is unique due to its rarity (limited issue, so to speak), but for the most part, the value of gold exists due to the belief in its value (sounds paradoxically, I know). In North America, before the arrival of Europeans, gold was literally lying under the feet of the indigenous population, useless to anyone. It was only with the arrival of people with an abstract belief in the value of gold that the situation changed dramatically.

Why not God? If follow your logic. We don’t know who is behind Satoshi. It could be anyone and anything.

I apologize for the slightly provocative rhetorical questions. I couldn't resist the temptation to discuss this.


Even though gold and bitcoin are compared to each other, essentially completely different things, from different worlds (physical and digital), with completely different properties and characteristics, applications and uses. The only thing have in common is the presence of a price tag, and even those differ greatly.

You say Bitcoin is new, yet it has been around for some decades same thing goes to digital gold. The only difference is that Bitcoin has achieved widespread of adoption generally more than digital gold. The number of investors and holders of digital gold cannot be compared to that of Bitcoin since their origin. Perhaps you are comparing physical gold to Bitcoin, both are two different asset, what you should be comparing it with should be the digital form of gold.

Physical gold was a treasure and asset created by God so its existence and its value is super unique while Bitcoin was created by man. Also, since the existence of man Gold has been there so it is more precious than Bitcoin curently but i believe with time that Bitcoin will be of high important to humanity and if that happened it may displace the value of Gold.

If we have economic conditions, we do not need to compare and can invest in both to optimize profits as well as ensure our safety. But if we only have a certain amount of capital and want to increase that amount of capital, we should do a small comparison to find the plan we need. I think for people with small capital and willing to take risks, bitcoin should be the choice because its volatility will help us make significant profits. If we choose gold, we will encounter many difficulties in finding profits and increasing capital.

I see reason in your comment that gold and bitcoin don't have much bases to be compared, bitcoin is a digital asset that is still quite new in the investment market, while gold in it's original form is a physical asset. Bitcoin is still gaining ground in it's adoption, while gold has always been a precious asset from ancient times and it's still highly valued till this day. Individuals and governments hold gold as valued asset, while bitcoin is still facing the challenges of acceptance by various governments and individuals.

Although one thing that I can agree is that they are both good stores of value as you have said, they're assets that someone can invest in and be sure that their investments are profitable and the values will keep increasing. So it depends on individual preferences to determine which one or both to invest in.