Bitcoin Is Better Than Digital Gold - page 7.

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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.

You are preferring bitcoin over gold because of its volatility. You trust in the pattern that bitcoin follows in every cycle and you think this will continue forever. We should be careful when thinking like this because if bitcoin doesn't follow the same historical pattern then there is no one to blame. We all want bitcoin to follow its previous pattern but we should be careful not to be greedy. Diversify your investment in different assets and gold is one of the best along with bitcoin for diversification.

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Quote from: Fuso.hp on October 14, 2023, 12:14:52 PM

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I never compare bitcoin to gold or gold to bitcoin. I always try to keep gold and bitcoin separate. Bitcoin is a very important digital currency but gold is also a very valuable metal. But if talking about investment between these two then I would definitely choose Bitcoin to invest.

That's right, we don't need to compare the two in any way, these two types of investment are highly recommended for investing in bitcoin and gold, gold for long-term investment without needing to worry about the impact of inflation and bitcoin for long-term portfolio investment to achieve high profits in the future future, so a combination investment strategy of both is very necessary.

Everyone will dominantly choose bitcoin investment, but don't be influenced by other people who force you to choose investment between gold and bitcoin, so focus on your investment strategy because having bitcoin and gold will balance investing.

|MINER|

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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.

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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.

Bitcoin is a digital currency which is the best among all digital currencies and gold is a very precious metal. If we list the four precious metals in the world, gold will be one of the best. Humans have had a fascination with gold since ancient times and it continues till now. People who use bitcoin use gold but not everyone who uses gold uses bitcoin. Most people in the world are not involved with Bitcoin but most of the people in the world are quite attracted to gold.

I never compare bitcoin to gold or gold to bitcoin. I always try to keep gold and bitcoin separate. Bitcoin is a very important digital currency but gold is also a very valuable metal. But if talking about investment between these two then I would definitely choose Bitcoin to invest.

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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.

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Quote from: DrBeer on October 14, 2023, 04:03:53 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

I think I am not the first to mention the word "diversification of investments". I would not invest in one asset, there are always alternatives, there are always risks. Therefore, the answer is simple - yes, both assets can be considered investment attractive, but to reduce risks it is better to invest partially in both assets

Yes, as we mature, we learned about diversification. We are not talking about investing in altcoin or any other crypto if we have Bitcoin already. What we mean is to diversify our portfolio with different assets, golds, or any other previous metals. And then we could have a piece of land, or a property that can be turn into like a house.

So in any case that your other investments didn't return as expected, you still have others in those other basket of yours.

At least you have multiple sources of your income and money is going to come no matter what.

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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.

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Quote from: mindrust on October 14, 2023, 12:46:26 AM

You can always own both bitcoin and gold (digital or physical). It doesn’t have to be one or another. Bitcoin is better than gold in many situations but that doesn’t mean gold is completely outdated. Gold is great too. First of all gold has multiple thousand years of history backing it. Btc’s history is only about a decade and a half long. This means a lot to many people. In a world where everything changes so fast, gold managed to stay same and it has been relevant to this day. I favor both and I own both. I don’t see gold becoming a useless asset in the future because it has an intrinsic value just like any other commodity. (Like rice, coffee, copper, wheat etc)

Well, that's the best. If you think that both are good investments, then having both is a very good thing. Apart from that, bitcoin and gold also have their respective advantages and disadvantages. However, still having both is the best thing compared to comparing and choosing one of them. If someone's goal is to invest, then he will definitely think that keeping everything in 1 basket will have risks, so choosing more than 1 type of investment is the way out for that. In addition, the bitcoin and gold communities are almost the same size and easy to liquidate, so having both will not make us confused. We just need good management for that.

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Quote from: Crypto Library on October 12, 2023, 02:45:41 PM

Quote from: Bushdark on October 12, 2023, 02:27:14 PM

Bitcoin is one of the strongest cryptocurrency and for that matter, it has helped so many people to get financial stability which digital golf might have not achieved so far. I will prefer to hold Bitcoin than anything like digital gold since it might not have the same value with Bitcoin which had been a very good utility project and life challenging opportunity so far. Bitcoin has so many benefits to us than the digital gold ranging from trading, staking, investing etc. Those who had been holding Bitcoin for a very long time cam attest to the huge profits they have made so far.

Actually I don't understand the main point here how bitcoin is better than digital gold because I thought bitcoin was always digital gold. I wouldn't really compare the two because I think Bitcoin is digital gold and as usual what we see is physical gold.
If we see that there is one thing in common between these two sources and that is that both of them are limited. Currently Bitcoin or crypto currency is not legal everywhere and very few people in the world know about it. So in this aspect gold will be ahead of bitcoin at present. But if we think about the future, then as the world of this crypto currency is spreading, very soon in the future investment in Bitcoin will be more spread, in this case, due to the increase in demand, its price will also increase. And you don't have to face the trouble of physically storing it or physically securing it. And since global conflicts are happening all the time, I think Bitcoin is the best digital gold to build wealth in the virtual world.

The presence of Bitcoin is a balancing option to gold but that does not mean that the position is equalized. Regardless of its value and function, gold is still gold that has been around for a long time. Bitcoin has become a new breakthrough in the digital industry and has even become the main one and I don't think gold can do that even though the government has made a similarity to make gold digital, the value of which is questionable.

So as far as I understand gold must remain physical and a balance for the digital sector, of course only Bitcoin has a truly final supply at 21 million. Although currently Bitcoin is mostly considered a community asset whose existence is recognized by some communities. When an institution enters or indeed there are some countries that welcome Bitcoin, it is still a community asset because it is not a benchmark for agreement between all parties, especially in this case the world as a whole. However, even though Bitcoin is a community asset, it is now more promising as a store of value in which the holder has sole rights, and cannot be contaminated by third parties.

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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

I think I am not the first to mention the word "diversification of investments". I would not invest in one asset, there are always alternatives, there are always risks. Therefore, the answer is simple - yes, both assets can be considered investment attractive, but to reduce risks it is better to invest partially in both assets

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Quote from: mindrust on October 14, 2023, 12:46:26 AM

You can always own both bitcoin and gold (digital or physical). It doesn’t have to be one or another. Bitcoin is better than gold in many situations but that doesn’t mean gold is completely outdated. Gold is great too. First of all gold has multiple thousand years of history backing it. Btc’s history is only about a decade and a half long. This means a lot to many people. In a world where everything changes so fast, gold managed to stay same and it has been relevant to this day. I favor both and I own both. I don’t see gold becoming a useless asset in the future because it has an intrinsic value just like any other commodity. (Like rice, coffee, copper, wheat etc)

yes, gold has a sense of security due to its physical character and historical significance. When compared to bitcoin, each has unique qualities that appeal to different sorts of investors. The limited quantity of 21 million coins generates a deflationary feature that appeals to individuals who crave scarcity. but at the end, diversification and understanding the strengths of each asset can be a prudent approach to managing one's portfolio.

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You can always own both bitcoin and gold (digital or physical). It doesn’t have to be one or another. Bitcoin is better than gold in many situations but that doesn’t mean gold is completely outdated. Gold is great too. First of all gold has multiple thousand years of history backing it. Btc’s history is only about a decade and a half long. This means a lot to many people. In a world where everything changes so fast, gold managed to stay same and it has been relevant to this day. I favor both and I own both. I don’t see gold becoming a useless asset in the future because it has an intrinsic value just like any other commodity. (Like rice, coffee, copper, wheat etc)

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Quote from: coolcoinz on October 12, 2023, 02:52:19 PM

Quote from: MFahad on October 11, 2023, 01:43:07 PM

Actually gold is a consider more precious than anything from past therefore nothing can take place of it. I agreed that bitcoin is also providing passive income to lots of people but popularity of gold is more than bitcoin.

I'd argue that if bitcoin was around as long as gold it would be much more popular.
We really can't compare these things if people used one of them as money and store of value for centuries an and the other one is known for less than 15 years.

The skeptism a whole lot of people have towards bitcoin when compared to gold is that the digital asset hasn't been here for a long time as gold has served in decades as a measure of wealth. If you seek my opinion I will say bitcoin is still in it's testing stage for many people unlike gold, and that's we have more people that can conveniently settle for gold without giving a fuck about uncertainty because of the trust it has built for itself over decades to centuries and bitcoin is just getting started so I don't blame when people preferably give gold the preference they do when comparing it with bitcoin and for BTC to earn it despite the value it has possessed within a decade it gonna take many decades more.

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Quote from: panganib999 on October 13, 2023, 06:49:21 PM

This is just comparing apples to oranges at this point. I don't think there's an innate need for people to choose which one's better cause for one, they are both great stores of value, and two, there's no need for you to compare them cause they cater to different audiences. Bitcoin is for those who wants to protect their asset's value while at the same time earn profits at the same time, digital gold is for those who want to just protect their money, are not eager to be inconvenienced with holding gold bars under their floorboards, and are too scared to take the plunge in the bitcoin train. You can't really say for sure which one is better just cause one's more profitable than the other. Sometimes profit is not as essential as the peace of mind that stability would provide. let that sink in.

I would agree with you if this was a gold vs bitcoin debate, but when it comes to bitcoin vs digital gold this is a no contest, bitcoin wins it easily, since there is not such a thing as digital gold and the only asset which is close is in fact bitcoin.

If you want gold then you need to have the physical asset, either coins, gold bars or jewelry, by relying on a digital or a paper form of gold you are trusting that whoever emitted that digital gold will keep as much of it on their vaults as promised, and we know how reliable those promises really are, so if someone has to pick between the two they need to pick bitcoin as it is the best out of the two by a mile.

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This is just comparing apples to oranges at this point. I don't think there's an innate need for people to choose which one's better cause for one, they are both great stores of value, and two, there's no need for you to compare them cause they cater to different audiences. Bitcoin is for those who wants to protect their asset's value while at the same time earn profits at the same time, digital gold is for those who want to just protect their money, are not eager to be inconvenienced with holding gold bars under their floorboards, and are too scared to take the plunge in the bitcoin train. You can't really say for sure which one is better just cause one's more profitable than the other. Sometimes profit is not as essential as the peace of mind that stability would provide. let that sink in.

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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

I think bigger market cap doesn't necessarily means the asset is better. Bitcoin has bigger market cap than digital gold probably because it's easier to buy. And I don't get it when someone said some asset is better than the other, what was the factors? Does it gain more profit, or does it more stable, or more secure.

Moreover I don't find the necessity to compare any assets, since we can own all of them, depends on our needs. Like Bitcoin is good for speculation looking at the history of it's high volatility, while gold is good for storing the value, because it has been proven to be inflation-proof.

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Quote from: JeffBrad12 on October 12, 2023, 06:40:53 PM

investment wise bitcoin is better i mean you can see bitcoin going quite literally from just a few dollars to current price its already awesome enough that I don't think something like digital gold could ever get that much increase because if we are talking honestly gold only good to counter the inflation and thats it, it can't make you rich, it might increase your capital a little bit but that if the inflation isn't higher than the capital gain you get from investing in gold meanwhile if its bitcoin, to be frankly speaking, the increase alone is already massive.
the inflation is just miniscule in front of bitcoin massive gain in this decade, therefore its better investment in my opinion, of course someone would argue that digital gold might be safer from the massive volatility but at the end of the day, its depends on someone's choice to invest.

The higher the profit, the higher the risk, have you thought about that? There is no asset that will give you significant returns without any risk. Gold does not give you huge returns, it does not make you rich but it is considered a safe haven for your assets. Meanwhile, no one dares to confirm what the future of bitcoin will be like, whether it will grow stronger or suddenly disappear. So it's impossible to say bitcoin is better or gold is better. Depending on your needs, if you care about profits then bitcoin will be good for you, but if you need safety for your assets and guaranteed value then gold is the choice.

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Bombshell effect: $4.5 trillion asset manager Fidelity recommends 43 million clients invest in bitcoin.
This news has sent shockwaves throughout the cryptocurrency community. Fidelity, which manages $4.5 trillion in assets, has recommended that its 43 million clients consider investing in bitcoin.

Fidelity's report presented accurate data demonstrating bitcoin's unprecedented safety compared to its peers. They noted that in terms of the computing power required to change the consensus of the network, bitcoin far outperforms any other competitors using proof-of-work.

Drawing a parallel to the world of technology, Fidelity compared bitcoin to the Internet's core TCP/IP protocol suite. They emphasized that owning bitcoin can be equated to a stake in the very basic layer of the Internet.

https://www.ixbt.com/live/crypto/effekt-razorvavsheysya-bomby-upravlyayuschaya-aktivami-na-45-trln-kompaniya-fidelity-rekomenduet-43-millionam-klientov-investirovat-v-bitkoin.html

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Quote from: Crypto Library on October 12, 2023, 02:45:41 PM

Quote from: Bushdark on October 12, 2023, 02:27:14 PM

Bitcoin is one of the strongest cryptocurrency and for that matter, it has helped so many people to get financial stability which digital golf might have not achieved so far. I will prefer to hold Bitcoin than anything like digital gold since it might not have the same value with Bitcoin which had been a very good utility project and life challenging opportunity so far. Bitcoin has so many benefits to us than the digital gold ranging from trading, staking, investing etc. Those who had been holding Bitcoin for a very long time cam attest to the huge profits they have made so far.

Actually I don't understand the main point here how bitcoin is better than digital gold because I thought bitcoin was always digital gold. I wouldn't really compare the two because I think Bitcoin is digital gold and as usual what we see is physical gold.
If we see that there is one thing in common between these two sources and that is that both of them are limited. Currently Bitcoin or crypto currency is not legal everywhere and very few people in the world know about it. So in this aspect gold will be ahead of bitcoin at present. But if we think about the future, then as the world of this crypto currency is spreading, very soon in the future investment in Bitcoin will be more spread, in this case, due to the increase in demand, its price will also increase. And you don't have to face the trouble of physically storing it or physically securing it. And since global conflicts are happening all the time, I think Bitcoin is the best digital gold to build wealth in the virtual world.

Everyone keeps talking about digital gold but I don't know what everyone is talking about, do we have digital gold? and bitcoin is not digital gold? Furthermore, people always say that bitcoin is better than gold, so how is it better? Frankly speaking, people who say bitcoin is better than gold just because they want bitcoin to bring them big profits, and have no second reason. If bitcoin becomes stable and no longer volatile to generate large returns, gold becomes volatile and generates large profits, will people still continue to hold the view that bitcoin is better than gold?

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investment wise bitcoin is better i mean you can see bitcoin going quite literally from just a few dollars to current price its already awesome enough that I don't think something like digital gold could ever get that much increase because if we are talking honestly gold only good to counter the inflation and thats it, it can't make you rich, it might increase your capital a little bit but that if the inflation isn't higher than the capital gain you get from investing in gold meanwhile if its bitcoin, to be frankly speaking, the increase alone is already massive.
the inflation is just miniscule in front of bitcoin massive gain in this decade, therefore its better investment in my opinion, of course someone would argue that digital gold might be safer from the massive volatility but at the end of the day, its depends on someone's choice to invest.

Topic: Bitcoin Is Better Than Digital Gold - page 7. (Read 1561 times)