Topic: Bitcoin Is Better Than Digital Gold - page 9. (Read 1639 times)
The main advantage of bitcoin over gold is that it is known exactly how many total coins exist and how many coins are in circulation. In addition, all transactions can be tracked. The advantage of gold is that it can be used even where there is no internet. In addition, gold transactions are less transparent
Even if we compare these two assets thousands of times, gold is still the asset that the whole world trusts and uses, while bitcoin is a fairly new asset and is considered riskier. I also don't understand why so many people like to compare these two assets when no one forces us to choose just one of them. Why don't we choose both and diversify our assets? Or choose according to each person's needs.
OP, if bitcoin is truly better than gold, why do thousands of billionaires, millionaires, rich people and all governments accumulate and hold instead of bitcoin? We can compare, but let's be realistic because both have their own advantages and disadvantages.
OP, if bitcoin is truly better than gold, why do thousands of billionaires, millionaires, rich people and all governments accumulate and hold instead of bitcoin? We can compare, but let's be realistic because both have their own advantages and disadvantages.
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.
This is also true that everyone can think for himself better so we should not compare one thing with other because some will have gain benefit from gold while other will find bitcoin as more beneficial asset therefore its your own choice to select one of these or both. Nothing is bad to select both these asset for investment and I will say that people share their views because the thing which they feel better and profitable then they prefer that thing.
Remember that gold has its own place and nothing can replace it but it depends on a person to choose it or not but the fact is that both are beneficial and we cannot think negatively about any one of them
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
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
The value of bitcoin is difficult to overestimate, because it is a breakthrough of its time. But the fact is that the recent ordinals protocol has shown how weak bitcoin is and how much it needs to evolve to modern alikoins with high speed. In a word, this blockchain is outdated, but nevertheless, I believe that bitcoin will always be relevant even after many years, as the first cryptocurrency.
Like a rarity.
I want to add that I always have a certain percentage of bitcoin in my portfolio, and I believe that everyone should have it.
For a long time, people have always debated which is better, gold or bitcoin, some say bitcoin is better, some say gold is better. But for me personally, be it gold or bitcoin, both are instruments that cannot be compared because they each have their own advantages and disadvantages. If someone has a preference for an instrument with a good ROI, they can choose Bitcoin, but it is not very stable. If they choose gold, they can get a stable instrument but the ROI offered is not as good as bitcoin. And there are many other reasons. And therefore there is no point in comparing these two instruments.
Gold is gold, Bitcoin is Bitcoin. There aren't any logical comparison between them. Both of them are good in their own way. Both are the best for store of value. But depending on your choice you can choose either of them. Take enthusiastic person could choose Bitcoin as the store of value. On the other hand, someone wants the classical, then they can go for gold all digital gold.
But I don't see any problem one owning both of them. Why not have the best of the both worlds? Bitcoin is relatively new to gold. So many people may have issue trusting Bitcoin over gold. And there are market moves in different ways. One is slow and steady and other is volatile.
But when it comes to digital gold, the security, the freedom, and decentralized option that comes with Bitcoin is not there. If you on physical gold then that's okay but I don't think choosing digital gold over Bitcoin is a good idea. I don't want to be biased about this. Both are useful if you know how to use them and how to keep them safe.
But I don't see any problem one owning both of them. Why not have the best of the both worlds? Bitcoin is relatively new to gold. So many people may have issue trusting Bitcoin over gold. And there are market moves in different ways. One is slow and steady and other is volatile.
But when it comes to digital gold, the security, the freedom, and decentralized option that comes with Bitcoin is not there. If you on physical gold then that's okay but I don't think choosing digital gold over Bitcoin is a good idea. I don't want to be biased about this. Both are useful if you know how to use them and how to keep them safe.
I'm not a fan of physical assets or things made digital just like digital gold when gold basically has a physical existence, I would like it more to simply buy and keep physical gold than buy digital gold. However, if we are to compare Bitcoin with Gold in general, I would say that both have their pros and cons but both are good to be bought and kept for the long-term. If I'm asked the question about which one I would choose, I'd say it depends on what I'm looking for.
If I'm looking for high profits in a relatively shorter period of time and I'm ready to take risks, I would go with Bitcoin obviously because it is more volatile than Gold and it can give you better returns for a shorter term. But if I'm looking for stable profits and time isn't a problem, Gold is the option since it doesn't lose value very quickly and it usually keeps going up but just at a much slower pace.
If I'm looking for high profits in a relatively shorter period of time and I'm ready to take risks, I would go with Bitcoin obviously because it is more volatile than Gold and it can give you better returns for a shorter term. But if I'm looking for stable profits and time isn't a problem, Gold is the option since it doesn't lose value very quickly and it usually keeps going up but just at a much slower pace.
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
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
Bitcoin has only been around for 14 years since it was first created, while people have trusted gold for thousands of years, so comparing the market capitalization of these two assets is unfair to Bitcoin. However, if you look at its price movements, bitcoin provides much higher profits than gold. Even though the risks of holding bitcoin are greater than gold, bitcoin is sexier in the eyes of investors because it promises extraordinary profits
So I think bitcoin is more interesting than gold because bitcoin is still very young compared to gold but its value is very high. I believe bitcoin will become more valuable in the future if the trend is always positive
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
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 don't know why I despise ETFs, but I think it's because they are anti-decentralization because why trade ETF funds when you can get a hold of the original asset? Returning to the topic at hand, Bitcoin and digital gold have nothing in common in terms of price, total circulation, blockchain and security, privacy, pseudonymity, and decentralisation; does gold have something similar? Is there something similar to Bitcoin in the digital goal? I don't think there is any comparison that makes gold any way better than bitcoin and that market cap is nothing.
If Bitcoin was to be accepted as a digital assets, signed pass by all the top countries, do you think gold total market cap is going to be more than Bitcoin. It took gold years and years to reach this value but I bet you that it will only take 5 years max for bitcoin to pass that price in a matter of time, that's how valuable bitcoin is to gold, hope you understand now.
Both Bitcoin and gold are better than fiat in my opinion. You should use the Fiat as a comparison option. Instead of using the expression "digital gold" which is no longer real gold. Don't be easily fooled by silly things, gold is a physical form and it is better to remain in a physical form. Bitcoin was designed from the start as a digital asset with a clear algorithm that cannot be changed, its supply cannot be increased or decreased from the initial yield and the final yield of 21 million BTC is simply reduced by the number of holders who have lost their keys or died.
But if I had to choose, I would probably choose bitcoin instead of gold because gold only has the effect of storing value and cannot bring us significant profits because it has become stable. Meanwhile, bitcoin can both be a long-term store of value and can bring us significant profits because of its potential. But fortunately we don't have to choose and can use both to ensure the safety of our assets. If someone has a lot of money and wants to diversify for safety, gold and bitcoin should be the top choices.
Personally, for me who has known Bitcoin for a long time and believes in it, of course I will choose the same as you, but that doesn't apply to everyone because not everyone believes in Bitcoin's future will make them profit.
Apparently I see no reason for comparison as they’re both good store of value and most times if they are possibilities of you owning them both, then I would advice that you go for it rather than wanting to compare them.
Bitcoin is still very new as compared to gos who has been in the market for a very long time and despite bitcoin infancy, it still has good future but very volatile while gold be it digital or physical gold isn’t that volatile and if I’m asked to choose between them both, then I might get to choose gold if maybe I have huge funds and scared of volatility but since I already know the risk associated with bitcoin, and if I could afford one bitcoin, I would simply dump the money in bitcoin
What I’m trying to say in essence is that, bitcoin is the future especially if you understand the risk.
Bitcoin is still very new as compared to gos who has been in the market for a very long time and despite bitcoin infancy, it still has good future but very volatile while gold be it digital or physical gold isn’t that volatile and if I’m asked to choose between them both, then I might get to choose gold if maybe I have huge funds and scared of volatility but since I already know the risk associated with bitcoin, and if I could afford one bitcoin, I would simply dump the money in bitcoin
What I’m trying to say in essence is that, bitcoin is the future especially if you understand the risk.
Unfortunately, I don't agree with the idea that it is necessary to have both financial assets in order to make a comparison because if an investment is to be made by choosing only one of them, both of them should be compared before making this investment. Although Bitcoin is a newer financial instrument compared to gold, it has a much more manipulative structure which is actually an advantage for investors who want to achieve high returns in the risk/reward ratio. Gold, on the other hand, is a financial instrument that has been present in our lives and financial markets for a very long time and has a much lower probability of being manipulated.
So, in short, Bitcoin is preferred by investors who don't have very high amount of capital and have a high risk/reward threshold while gold is an ideal financial instrument for investors with high capital but low risk/reward threshold who want to obtain a more guaranteed profit. Gold is known as the "safe haven" in financial markets, and Bitcoin is the most reliable and directional of cryptocurrencies. For this reason, many people compare Bitcoin to "Digital Gold".
Both Bitcoin and gold are better than fiat in my opinion. You should use the Fiat as a comparison option. Instead of using the expression "digital gold" which is no longer real gold. Don't be easily fooled by silly things, gold is a physical form and it is better to remain in a physical form. Bitcoin was designed from the start as a digital asset with a clear algorithm that cannot be changed, its supply cannot be increased or decreased from the initial yield and the final yield of 21 million BTC is simply reduced by the number of holders who have lost their keys or died.
But if I had to choose, I would probably choose bitcoin instead of gold because gold only has the effect of storing value and cannot bring us significant profits because it has become stable. Meanwhile, bitcoin can both be a long-term store of value and can bring us significant profits because of its potential. But fortunately we don't have to choose and can use both to ensure the safety of our assets. If someone has a lot of money and wants to diversify for safety, gold and bitcoin should be the top choices.
Here Matrixport has its own interest, they have financial services and possible Bitcoin ETFs mean more traffic for them. Hence they would always propagate the idea. Its a good thing that ETFs can come in the US market, I do expect such moves in many other countries too even if some have put up unnatural taxation on crypto capital gains. With ETFs a market can be made secondary to the actual crypto market and it will generate more interest in crypto and possibility of buying crypto for long term value.
Here gold and crypto are not comparable, I have said this in many previous threads. Both have pros and cons and to be a diligent investor you need both along with many other classes of assets.
Here gold and crypto are not comparable, I have said this in many previous threads. Both have pros and cons and to be a diligent investor you need both along with many other classes of assets.
Bitcoin is one asset that can be easy to invest for everyone. this is different from gold where we must go to offline stores to buy it and quite complicated if gold have to buy is still indent and waiting for supplies from the supplier. before knowing bitcoin, I used gold as my investment, I set aside my salary to buy 1 gram of gold every month at past. But, because the profit is not much when I compare it with bitcoin, then I stopped it and moved to bitcoin. in fact, apart from being easy to buy and sell, bitcoin also easy to carry to every where when we move to another place, it's different when we have gold, it would be troublesome if you had 1 kilo gold and have move it to another place.
You are right, if you want to buy gold, you have to go to the market and buy it from the store, and you have to face various problems. But you don't need to go to any market to buy Bitcoin, you can buy it from home. Storing gold can be a hassle, but bitcoins are easy to store in a good wallet. People who are aware of Bitcoin in present time will definitely prefer Bitcoin over gold. Besides, if you invest in gold, you cannot expect much profit. Investing in gold is good, but not good for people investing with small capital. Those with little capital find it best to invest in their Bitcoins. Investing in Bitcoin is risky but can expect high profits.I totally disagree with your words because if a person wants to invest in Bitcoin then he can do it even if he doesn't have complete knowledge about Bitcoin. Bitcoin is a good way to invest for long term which can give good profit. But if he has a complete knowledge of crypto, he will become an expert in anything. For example: investment, trade, altcoin investment etc. But one thing must always be remembered, there is always risk in the crypto market. No matter where you invest, be it Bitcoin or altcoin, there will always be risks. But now the price of Bitcoin is low according to the rate of gold and Bitcoin. Although gold may not give much profit to people but it is a precious metal. So it is better to invest in Bitcoin.
I am more particular with diversification of investment about the two assets bitcoin and gold. Let's keep sentiment aside, a good businessman won't go all digital with his investment he/she will also diversify into real life tangible assets like gold or real estate no matter how conventional digital assets like bitcoin is taking a center stage at the moment. When we diversify investments we reduce our risks.
I don't know how you mean by the trust in gold is dieing as long as I know there are still innumerable investors that still holding on to gold as part of their investment portfolio's. For the fact that we're going digital wouldn't make gold worthless and except you planned on having a fleet of gold bars that's when you might have difficulty in storing, therefore handing it over to a third-party custody becomes your next line of action.
I don't know how you mean by the trust in gold is dieing as long as I know there are still innumerable investors that still holding on to gold as part of their investment portfolio's. For the fact that we're going digital wouldn't make gold worthless and except you planned on having a fleet of gold bars that's when you might have difficulty in storing, therefore handing it over to a third-party custody becomes your next line of action.
Let's keep sentiment aside and let's be realistic... how much money do we need to invest in real estate? Do you have some real estate investments? It's easy to talk about these things, but in reality, you need to be really rich to afford some real estate, especially if we are aming a property on some good location.
Well, I don't have gold bars... and never will have them. One of the reasons is because I don't wish to hand them over to a third-party. Not your keys, not your gold! Slowly, but steady, people are starting to realize that, and as time goes by, crypto will gain more and more importance, while precious metals will remain just that, precious metals.
Both Bitcoin and gold are better than fiat in my opinion. You should use the Fiat as a comparison option. Instead of using the expression "digital gold" which is no longer real gold. Don't be easily fooled by silly things, gold is a physical form and it is better to remain in a physical form. Bitcoin was designed from the start as a digital asset with a clear algorithm that cannot be changed, its supply cannot be increased or decreased from the initial yield and the final yield of 21 million BTC is simply reduced by the number of holders who have lost their keys or died.
Bitcoin is one asset that can be easy to invest for everyone. this is different from gold where we must go to offline stores to buy it and quite complicated if gold have to buy is still indent and waiting for supplies from the supplier. before knowing bitcoin, I used gold as my investment, I set aside my salary to buy 1 gram of gold every month at past. But, because the profit is not much when I compare it with bitcoin, then I stopped it and moved to bitcoin. in fact, apart from being easy to buy and sell, bitcoin also easy to carry to every where when we move to another place, it's different when we have gold, it would be troublesome if you had 1 kilo gold and have move it to another place.
You are right, if you want to buy gold, you have to go to the market and buy it from the store, and you have to face various problems. But you don't need to go to any market to buy Bitcoin, you can buy it from home. Storing gold can be a hassle, but bitcoins are easy to store in a good wallet. People who are aware of Bitcoin in present time will definitely prefer Bitcoin over gold. Besides, if you invest in gold, you cannot expect much profit. Investing in gold is good, but not good for people investing with small capital. Those with little capital find it best to invest in their Bitcoins. Investing in Bitcoin is risky but can expect high profits.
If you ask someone who knows about bitcoins which investment is more profitable between gold and bitcoin, I think the person will answer without a second thought investment in bitcoin. On the other hand if a person who has no idea about Bitcoin is asked he will say gold is very valuable and I will always prefer to buy gold.
A person who knows about a subject, if asked to speak about that subject, will say enough, but if ever asked about a simple subject, but about which he does not know, he will find the subject very difficult.
If a person who does not know diamonds picks up a diamond, he will dismiss it as an ordinary stone,
So it seems to me that Bitcoin is valuable to those who have a fair understanding of Bitcoin but gold is valuable to those who have no idea about Bitcoin.
A person who knows about a subject, if asked to speak about that subject, will say enough, but if ever asked about a simple subject, but about which he does not know, he will find the subject very difficult.
If a person who does not know diamonds picks up a diamond, he will dismiss it as an ordinary stone,
So it seems to me that Bitcoin is valuable to those who have a fair understanding of Bitcoin but gold is valuable to those who have no idea about Bitcoin.
I have tested Gold and Bitcoin before that made me to know that Bitcoin is more profitable than gold, because the longer you hold your Bitcoin will determine the huge amount of income you will make when the price increase higher, but it will be difficult to achieve such income from gold investment no matter how long you hold it. Bitcoin is more secure and safe in the process of transaction which many users has testified in the community that made many investors to quit their gold investment to Join Bitcoin investment base on some of the evidence they saw during the bullish season. I believe, you will make Bitcoin your favorite coin that you will always save your money to be part of those that will earn from their savings in the future.
Bitcoin is one asset that can be easy to invest for everyone. this is different from gold where we must go to offline stores to buy it and quite complicated if gold have to buy is still indent and waiting for supplies from the supplier. before knowing bitcoin, I used gold as my investment, I set aside my salary to buy 1 gram of gold every month at past. But, because the profit is not much when I compare it with bitcoin, then I stopped it and moved to bitcoin. in fact, apart from being easy to buy and sell, bitcoin also easy to carry to every where when we move to another place, it's different when we have gold, it would be troublesome if you had 1 kilo gold and have move it to another place.
You are right, if you want to buy gold, you have to go to the market and buy it from the store, and you have to face various problems. But you don't need to go to any market to buy Bitcoin, you can buy it from home. Storing gold can be a hassle, but bitcoins are easy to store in a good wallet. People who are aware of Bitcoin in present time will definitely prefer Bitcoin over gold. Besides, if you invest in gold, you cannot expect much profit. Investing in gold is good, but not good for people investing with small capital. Those with little capital find it best to invest in their Bitcoins. Investing in Bitcoin is risky but can expect high profits. 
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
Bitcoin is one asset that can be easy to invest for everyone. this is different from gold where we must go to offline stores to buy it and quite complicated if gold have to buy is still indent and waiting for supplies from the supplier. before knowing bitcoin, I used gold as my investment, I set aside my salary to buy 1 gram of gold every month at past. But, because the profit is not much when I compare it with bitcoin, then I stopped it and moved to bitcoin. in fact, apart from being easy to buy and sell, bitcoin also easy to carry to every where when we move to another place, it's different when we have gold, it would be troublesome if you had 1 kilo gold and have move it to another place.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
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