Bitcoin Is Better Than Digital Gold - page 6.

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Quote from: Yatsan on October 23, 2023, 05:11:00 PM

Quote from: goxcraft on October 23, 2023, 04:12:24 PM

OP, I don't understand what you are trying to achieve here. How can you compare gold and bitcoin? It's not logical. Comparing bitcoin with altcoins can be reasonable. Gold and bitcoin both have different properties and attributes. The crypto market is much more volatile compared to gold prices. The price of crypto can fluctuate at any time, with the highest price difference where gold doesn't. Another thing is that if you want to profit a lot, you have to wait a long time for the right moment to come. For gold, it doesn't guarantee a high profit, but it won't consume time like bitcoin does.

There’s this long association of Bitcoin and Gold as an asset and as a store of value, however, it is also correct that these two have different characteristics and properties. Gold and Bitcoin has differences with platform and physical form. Although both are profitable assets to be held for a long period of time, one is more volatile which makes it a more risky investment but no doubt it will generate bigger profit as well. As per Gold, it is accepted to many countries if not all, as a mode of payment, for fashion, and for collection. Actially Bitcoin is the one being pertained as digital gold due to the mentioned linkage or association between the two.So it boils down to the question; which is better? I’d say it depends on the circumstances the investor is into. Preference and accessibility would also be a factor to consider in order to know which is which.

Gold is not as volatile and is a lot safer while bitcoin is highly volatile and high risk so I don't think it is entirely accurate to call bitcoin digital gold. People like to call bitcoin digital gold because people think that one day bitcoin will become as valuable and precious as physical gold, but bitcoin is still bitcoin, nothing else. Digital gold is just the name people give bitcoin.

As for which one is better, I agree with your thoughts, it depends on each investor's situation and preferences...hard to say which one is better than the other. Since this is a bitcoin forum, people will choose bitcoin, but if this question were asked on a gold forum the answer would obviously be the opposite.

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Quote from: goxcraft on October 23, 2023, 04:12:24 PM

OP, I don't understand what you are trying to achieve here. How can you compare gold and bitcoin? It's not logical. Comparing bitcoin with altcoins can be reasonable. Gold and bitcoin both have different properties and attributes. The crypto market is much more volatile compared to gold prices. The price of crypto can fluctuate at any time, with the highest price difference where gold doesn't. Another thing is that if you want to profit a lot, you have to wait a long time for the right moment to come. For gold, it doesn't guarantee a high profit, but it won't consume time like bitcoin does.

There’s this long association of Bitcoin and Gold as an asset and as a store of value, however, it is also correct that these two have different characteristics and properties. Gold and Bitcoin has differences with platform and physical form. Although both are profitable assets to be held for a long period of time, one is more volatile which makes it a more risky investment but no doubt it will generate bigger profit as well. As per Gold, it is accepted to many countries if not all, as a mode of payment, for fashion, and for collection. Actially Bitcoin is the one being pertained as digital gold due to the mentioned linkage or association between the two.So it boils down to the question; which is better? I’d say it depends on the circumstances the investor is into. Preference and accessibility would also be a factor to consider in order to know which is which.

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OP, I don't understand what you are trying to achieve here. How can you compare gold and bitcoin? It's not logical. Comparing bitcoin with altcoins can be reasonable. Gold and bitcoin both have different properties and attributes. The crypto market is much more volatile compared to gold prices. The price of crypto can fluctuate at any time, with the highest price difference where gold doesn't. Another thing is that if you want to profit a lot, you have to wait a long time for the right moment to come. For gold, it doesn't guarantee a high profit, but it won't consume time like bitcoin does.

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Quote from: cryptoWODL on October 10, 2023, 12:32:13 AM

The connection between gold and bitcoin (BTC) as stores of value is obvious, and the demand for BTC as a digital store of value was a big reason why the cryptocurrency grew in popularity, crypto services provider Matrixport said in a report Monday.
Bitcoin’s market capitalization is $540 billion, equivalent to 10.8% of the market cap of physical financial gold, Matrixport said, adding that gold exchange-traded-funds (ETFs) are valued at $200 billion. Read

We are expecting more from Bitcoin then we are from Gold and this is a major reason why people will not back down on Bitcoin. The ROI on Bitcoin far outweights that of Gold, holders can attest to this, the volatility in the crypto space has created more than enough benefit for people to record massive profits in Bitcoin than it did Gold.

In the Digital space, irrespective of the challenges with SEC and global adoption, Bitcoin has provent to be more of a better investment than Digital Gold

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Quote from: Iranus on October 19, 2023, 12:30:42 AM

Quote from: poodle63 on October 18, 2023, 07:33:54 PM

i don't think gold can compete in that field, its always the upperhand that bitcoin got when it comes to the return rate of investment.

It's not that gold can't compete with bitcoin in terms of returns, it's simply that gold has increased significantly over the past thousand years and it has reached its peak and saturation. Therefore, when comparing profits these days, it is clear that gold cannot be compared with bitcoin, but in terms of safety, gold is much superior.

Nowadays, gold is considered a safe haven, a store of value, not a profit-making investment, so I think there is no need to compare. If you want to find high returns, bitcoin or stocks are the choice, if you want to find a safe haven for your assets, it will be more suitable.

Even if in principle both gold and bitcoin should serve the same function, there is a massive difference in the history of the two, with gold being recognized as a valuable asset for thousands of years while bitcoin is very young compared to gold.

So gold has pretty much reached as much as it is possible under the current economic climate, while bitcoin is still growing at an impressive speed and getting adopted by more people, which makes it more suitable for those that want a greater ROI.

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Quote from: poodle63 on October 18, 2023, 07:33:54 PM

i don't think gold can compete in that field, its always the upperhand that bitcoin got when it comes to the return rate of investment.

It's not that gold can't compete with bitcoin in terms of returns, it's simply that gold has increased significantly over the past thousand years and it has reached its peak and saturation. Therefore, when comparing profits these days, it is clear that gold cannot be compared with bitcoin, but in terms of safety, gold is much superior.

Nowadays, gold is considered a safe haven, a store of value, not a profit-making investment, so I think there is no need to compare. If you want to find high returns, bitcoin or stocks are the choice, if you want to find a safe haven for your assets, it will be more suitable.

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Quote from: Joshapat on October 16, 2023, 10:09:43 AM

In my opinion to say bitcoin is better than digital gold then all bitcoin owners must make a profit, and as we know that bitcoin fluctuations are very high so sometimes it makes people stressed, I have a friend who sold a car worth $ 12k then invested in bitcoin and when in 2017 the price skyrocketing, he was able to get a profit of almost 300% and now he is still active in daily trading.

its from the perspective of investment indeed bitcoin has always been growing really well when we invest in it, from over a decade its always reaching all time high and bitcoin doing it consistently.
i don't think gold can compete in that field, its always the upperhand that bitcoin got when it comes to the return rate of investment.
not to mention the fact that investing with bitcoin is really easy, you could differentiate authenticity of bitcoin by simply owning one in the main blockchain.
meanwhile with gold, even digital ones, its up to the company whether you gonna get real gold or not, after all who knows if the company doesn't even own gold at all.
thats why im skeptic when it comes to digital gold.

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Quote from: Gozie51 on October 17, 2023, 06:21:29 PM

Quote from: |MINER| on October 14, 2023, 01:29:07 PM

Gold and Bitcoin both are best for investment. But since I am involved in crypto world so if someone tells me which is best to hold then Bitcoin is best choice to hold for long term. But I don't mean to say that gold is a bad investment because gold is universally appreciated and is the best physical asset to hold. Here we have to remember one thing that Bitcoin is highly volatile than gold so before investing in bitcoin, if you invest in a long term strategy, I think it will be possible to earn more profit than gold.

But profit in bitcoin is always expected at every circle of four years, quite certain hodlers make huge profit then with bitcoin but I don't think that makes gold of less value to bitcoin in terms of hodlers profit. You also have to consider the aspect of risk when investing because bitcoin is far risky than gold to invest in. Gold has a long lasting retained value but the volatility of bitcoin exposes to high risk level at any point in time the price can drop without notice but gold has more strong resistance, influence and control by government.

I agree with you but I think the only difference between bitcoin and gold is that bitcoin is intangible but gold is tangible. on the other hand, one of the most profitable ways to trade in Bitcoin is that you will never be able to make as much profit from anywhere else as you can from Bitcoin. Gold will get less profit compared to Bitcoin. Here different people have different preferences so it is not possible to give proper advice, now the important thing is where you invest your money, because if you have so much time or gold investment it is long term but you can.

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Quote from: Mauser on October 17, 2023, 09:57:05 AM

Quote from: cryptoWODL on October 10, 2023, 12:32:13 AM

The connection between gold and bitcoin (BTC) as stores of value is obvious, and the demand for BTC as a digital store of value was a big reason why the cryptocurrency grew in popularity, crypto services provider Matrixport said in a report Monday.
Bitcoin’s market capitalization is $540 billion, equivalent to 10.8% of the market cap of physical financial gold, Matrixport said, adding that gold exchange-traded-funds (ETFs) are valued at $200 billion. Read

For my parents and grandparent's Gold has been the number one asset to protect them from a crisis. Whenever there was a economic downturn my grandfather would buy quite a lot of gold, he even stored some of it at home in a drawer, which seems crazy today. Unfortunately the times of gold being the protection against everything are over. It just doesn't work anymore to buy gold. We could see it last year when inflation all around the world hit 10+% and the gold price didn't move. It doesn't matter if it's physical, synthetic or digital gold, the price is already way too high and it's not going to protect us anymore. Bitcoin outperformed gold a lot and is a much better asset to protect us from the next crisis, as long as we are willing to take the risk of short-term price drops. Gold is more stable than bitcoin, but is not offsetting the inflation losses in the value of our money.

Gold has been a haven in economic downturns for generations. Gold was the best economic hedge for a long time, as your parents and grandparents said. A gold drawer: who wouldn't want one? The times are shifting. As you said, last year proved that. As inflation rose, what did gold do? Not much. Very little

Now, Bitcoin? Different story. New kid on the neighborhood, making waves. Big waves. It's outperforming gold significantly. However, it's volatile. Not predictable. Not for the fainthearted. Bitcoin's rollercoaster can provide significant benefits. Remember that big gains come with huge dangers. Although stable, gold isn't performing as well as before. Not keeping up with inflation. Not preserving money worth. So, the answer? Diversify. Don't put all your gold, Bitcoin, or other eggs in one basket. Always, always do homework

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Quote from: |MINER| on October 14, 2023, 01:29:07 PM

Gold and Bitcoin both are best for investment. But since I am involved in crypto world so if someone tells me which is best to hold then Bitcoin is best choice to hold for long term. But I don't mean to say that gold is a bad investment because gold is universally appreciated and is the best physical asset to hold. Here we have to remember one thing that Bitcoin is highly volatile than gold so before investing in bitcoin, if you invest in a long term strategy, I think it will be possible to earn more profit than gold.

But profit in bitcoin is always expected at every circle of four years, quite certain hodlers make huge profit then with bitcoin but I don't think that makes gold of less value to bitcoin in terms of hodlers profit. You also have to consider the aspect of risk when investing because bitcoin is far risky than gold to invest in. Gold has a long lasting retained value but the volatility of bitcoin exposes to high risk level at any point in time the price can drop without notice but gold has more strong resistance, influence and control by government.

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Quote from: Joshapat on October 16, 2023, 10:09:43 AM

In my opinion to say bitcoin is better than digital gold then all bitcoin owners must make a profit, and as we know that bitcoin fluctuations are very high so sometimes it makes people stressed, I have a friend who sold a car worth $ 12k then invested in bitcoin and when in 2017 the price skyrocketing, he was able to get a profit of almost 300% and now he is still active in daily trading.

Even if the price of bitcoin goes up and down it is really a very good investment even though the market is currently down predicts that the cryptocurrency market will grow in the future. Cryptocurrency adoption by businesses and individuals has grown significantly in recent years and many governments have begun taking steps to regulate the market. The technology used by cryptocurrencies to further the applications of blockchain projects will see bitcoins adopted by various financial institutions and become more valuable than gold in the absence of inflation.

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Quote from: cryptoWODL on October 10, 2023, 12:32:13 AM

The connection between gold and bitcoin (BTC) as stores of value is obvious, and the demand for BTC as a digital store of value was a big reason why the cryptocurrency grew in popularity, crypto services provider Matrixport said in a report Monday.
Bitcoin’s market capitalization is $540 billion, equivalent to 10.8% of the market cap of physical financial gold, Matrixport said, adding that gold exchange-traded-funds (ETFs) are valued at $200 billion. Read

For my parents and grandparent's Gold has been the number one asset to protect them from a crisis. Whenever there was a economic downturn my grandfather would buy quite a lot of gold, he even stored some of it at home in a drawer, which seems crazy today. Unfortunately the times of gold being the protection against everything are over. It just doesn't work anymore to buy gold. We could see it last year when inflation all around the world hit 10+% and the gold price didn't move. It doesn't matter if it's physical, synthetic or digital gold, the price is already way too high and it's not going to protect us anymore. Bitcoin outperformed gold a lot and is a much better asset to protect us from the next crisis, as long as we are willing to take the risk of short-term price drops. Gold is more stable than bitcoin, but is not offsetting the inflation losses in the value of our money.

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Quote from: cryptoWODL on October 10, 2023, 12:32:13 AM

The connection between gold and bitcoin (BTC) as stores of value is obvious, and the demand for BTC as a digital store of value was a big reason why the cryptocurrency grew in popularity, crypto services provider Matrixport said in a report Monday.
Bitcoin’s market capitalization is $540 billion, equivalent to 10.8% of the market cap of physical financial gold, Matrixport said, adding that gold exchange-traded-funds (ETFs) are valued at $200 billion. Read

Why do we compare gold with bitcoin gold is now standard but the future is only for the bitcoin. Yeah, there are very reasons for gold to adopt it. It's widely accepted, and every country and person trusts gold, has a very volatile rate, and will never lose its value but there is some risk to it. If you invest in a large fund by buying gold you will be careful from theft as they can easily take your gold and due to the low rate of volatility it does not give much profit to you. On the other hand, bitcoin is now spreading in the world, and people who understand it are adopting we know the future currency will be Bitcoin. Due to high volatility, its price fluctuates but due to this price it will give higher profits than gold, and I used to go to Bitcoin, everyone has their own choice and my one is Bitcoin

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Quote from: bestcoins1 on October 14, 2023, 11:43:59 AM

Quote from: Yeakubali66 on October 14, 2023, 05:05:55 AM

Gold and Bitcoin, two distinct stores of value, intertwined in the modern financial landscape. Bitcoin's meteoric rise as a digital asset speaks to its growing significance, with a market cap now rivaling physical gold. A fascinating convergence of traditional and digital wealth.

These two assets are likely to continue to compete indirectly through the number of users over time, because Bitcoin users will also continue to grow and Bitcoin will also continue to be well known to all people, just like gold which is also well known to many people. So competition in terms of value and market capitalization will continue to exist between these two assets so this will be very interesting to see, because Bitcoin is a little more modern than gold even though gold can still be relied on as a store of value for most people.

For me gold led me to bitcoin. Being in both is a good thing to avoid inflation, I realized that these two communities have very similar narratives. There is no reason this or any other narrative should exist in either community. Both must be owned and society must be united and must have both, as has been explained, Bitcoin is a modern asset that exists today.

Because the only reason Gold has remained a universal form of currency for this long is because for most of history it lacked the advanced industrial technology to replace it. With the presence of Blockchain technology, bitcoin is always better.

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In my opinion to say bitcoin is better than digital gold then all bitcoin owners must make a profit, and as we know that bitcoin fluctuations are very high so sometimes it makes people stressed, I have a friend who sold a car worth $ 12k then invested in bitcoin and when in 2017 the price skyrocketing, he was able to get a profit of almost 300% and now he is still active in daily trading.

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Quote from: cryptoWODL on October 10, 2023, 12:32:13 AM

The connection between gold and bitcoin (BTC) as stores of value is obvious, and the demand for BTC as a digital store of value was a big reason why the cryptocurrency grew in popularity, crypto services provider Matrixport said in a report Monday.
Bitcoin’s market capitalization is $540 billion, equivalent to 10.8% of the market cap of physical financial gold, Matrixport said, adding that gold exchange-traded-funds (ETFs) are valued at $200 billion. Read

Both have great value and are good to explore as an investment but I don't think the necessity for a comparison between them should be emphasised.Over the years gold has existed and begets assets but also Bitcoin since its existence it has been a versatile and dependable investment as it cut across the world.
So I presume both are necessary and better of for accumulating wealth.

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Quote from: cryptoWODL on October 10, 2023, 12:32:13 AM

The connection between gold and bitcoin (BTC) as stores of value is obvious, and the demand for BTC as a digital store of value was a big reason why the cryptocurrency grew in popularity, crypto services provider Matrixport said in a report Monday.
Bitcoin’s market capitalization is $540 billion, equivalent to 10.8% of the market cap of physical financial gold, Matrixport said, adding that gold exchange-traded-funds (ETFs) are valued at $200 billion. Read

Both the bitcoin and digital gold are the digital asset and you can cash out on demand.But the price variation of the digital gold and bitcoin will be huge difference.The bitcoin holding can give you the double the invested money in one year.But the digital gold need minimum 5-10 years to increase to the fifty percentage of invested money.The digital gold value will increase in very margin.But the bitcoin will be good option for the current market situation.Because the bitcoin will going to reach their next halves in few months.

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Quote from: |MINER| on October 14, 2023, 01:29:07 PM

Gold and Bitcoin both are best for investment. But since I am involved in crypto world so if someone tells me which is best to hold then Bitcoin is best choice to hold for long term. But I don't mean to say that gold is a bad investment because gold is universally appreciated and is the best physical asset to hold. Here we have to remember one thing that Bitcoin is highly volatile than gold so before investing in bitcoin, if you invest in a long term strategy, I think it will be possible to earn more profit than gold.

Actually, if you look at the question asked, it depends on where you ask and what forum is used to ask.
When it is in a bitcoin forum like bitcointalk now then surely the answer is clear that bitcoin is the best because we gather here because of bitcoin and indeed questions about comparisons like this I think will only waste time because the answer will clearly be the same.
Not that gold is a bad investment but our choice but on the conditions in which we stand so that in the end if this is asked for those who do invest in gold or special forums about gold investment (if any) then their answer will choose gold not bitcoin.

I think regardless of whether it is better or not actually depends on the perspective of the point of view and where you stand which makes things like this should not need to be asked because everyone's view will definitely be different.

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Quote from: Fara Chan on October 10, 2023, 07:03:20 AM

When this becomes more clearly visible and can be felt by many people, new people who don't have Bitcoin and already have gold should be able to take this opportunity as their new choice for storing value and also for making profits. Because Bitcoin is not only suitable for storing the value of everyone's assets, but is also suitable for investment with better profit targets, so this is what differentiates physical gold from Bitcoin on the exchange.

Currently, I am still quite interested in these two assets because in my place physical gold is still seen as a precious metal with a very stable price on the market, which makes everyone still quite confident in storing value in physical gold. But on the other hand, I also like Bitcoin as a very good investment for the long term which is not only suitable for storing value, but also for increasing the value of everyone's assets.

Yes true, bitcoin is definitely by far the best asset there is without a doubt and should be considered as a great return for sure. I believe that we are not going to end up with something that would be all that weird or anything, it is definitely be something that could end up with a greater return.

I hope that we are going to end up with a real return whenever you can, the reality is that we are going to end up with something that should not be all that crazy. So all in all, there is no doubt about it that bitcoin should be what we put all our savings in. However, there is one thing that we need to take care of during this, do not put so much money into it that you have nothing left, always put money that can stay there for a long time.

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Quote from: bestcoins1 on October 14, 2023, 11:43:59 AM

These two assets are likely to continue to compete indirectly through the number of users over time, because Bitcoin users will also continue to grow and Bitcoin will also continue to be well known to all people, just like gold which is also well known to many people. So competition in terms of value and market capitalization will continue to exist between these two assets so this will be very interesting to see, because Bitcoin is a little more modern than gold even though gold can still be relied on as a store of value for most people.

Over the centuries, gold continues to be an asset that can retain value and be an asset that every investor wants in their portfolio. Despite the fact that gold continues to be mined and its quantity can grow to an indefinite quantity.

Bitcoin has a limited supply, there cannot be more than 21 million, and this is what can give it a special value, because those who want to own Bitcoin will increase in the future, and this will always increase its value.

Topic: Bitcoin Is Better Than Digital Gold - page 6. (Read 1561 times)