Bitcoin Is Better Than Digital Gold - page 9.

batang_bitcoin

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Quote from: Unbunplease on October 11, 2023, 04:23:44 PM

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

Both has their pros and cons and whatever works for you perfectly choose it. But majority of us here would agree that having both is like having the best investment of all time and the best investment of the future.
So, having it combined will give you the advantage that you won't miss beacuse you're owning the best of the best. Still if I have to choose, no doubt that I'll choose bitcoin than gold.

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Quote from: Unbunplease on October 11, 2023, 04:23:44 PM

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

It cannot be denied that the increase in the value of bitcoin and gold assets has given rise to a long debate regarding which is better as a storage and hedge. But for me Bitcoin is the best for now.

Gold is not liquid! It's a hassle to sell gold and waste time sending it back for money. If I wanted, I could sell or transfer Bitcoins in minutes across the country or around the world! Bitcoin is better than holding gold.

Unbunplease

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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

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Quote from: kro55 on October 10, 2023, 01:39:12 AM

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.

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

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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

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.

retreat

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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.

tjtonmoy

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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.

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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.

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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

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

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Quote from: Cookdata on October 11, 2023, 06:00:36 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 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.

Aren't your dislike of ETFs and optimism in Bitcoin's future over gold obvious? ETFs seem anti-decentralization, yet they offer typical investors accessibility and diversity, right? You can obtain a piece of the pie without buying the whole dessert. When comparing Bitcoin to gold, it gets complicated, no?

Bitcoin's digital character, blockchain security, and finite supply make it unique in finance. It is new, thrilling, and presenting economic prospects that are changing our world. Does that devalue gold, a store of value for millennia? Can we ignore the stability of a long-standing asset?

Bitcoin's market cap could overtake gold if it becomes universally accepted. Can't gold's tangible and historical steadiness give it worth that Bitcoin's youth and volatility don't? The financial argument of the ages, right? Tradition vs. digital, stability vs. promise. Both have pros and cons, but maybe they may coexist and provide investors distinct value. You think?

Cookdata

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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 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.

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Quote from: laurenB7742 on October 11, 2023, 05:01:57 AM

Quote from: naira on October 11, 2023, 02:00:28 AM

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.

That's true but back to our goals, if we just want to save then it's better to use gold but if we want to invest for big profits of course Bitcoin is the right choice, but again everything has possibilities and risks and both will be comparable.
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.

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Quote from: Obari on October 10, 2023, 01:17:09 AM

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.

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".

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Quote from: naira on October 11, 2023, 02:00:28 AM

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.

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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.

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Quote from: Xampeuu on October 11, 2023, 01:33:18 AM

Quote from: Bd officer on October 10, 2023, 11:59:45 PM

Quote from: blue Snow on October 10, 2023, 08:18:04 PM

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.

but what needs to be remembered is that we must have knowledge before investing in bitcoin considering that it will be more risky, on the other hand, in my opinion, gold is only a value hedge, where even though it has increased, it does not produce profits like bitcoin, it only follows the inflation that occurs, it will But this will be better than holding cash, where the value will decrease as inflation increases. therefore I prefer bitcoin to invest

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.

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Quote from: Lida93 on October 10, 2023, 10:26:38 AM

Quote from: iv4n on October 10, 2023, 09:13:33 AM

Quote from: Lida93 on October 10, 2023, 08:55:24 AM

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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.

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.

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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.

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Quote from: Bd officer on October 10, 2023, 11:59:45 PM

Quote from: blue Snow on October 10, 2023, 08:18:04 PM

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.

but what needs to be remembered is that we must have knowledge before investing in bitcoin considering that it will be more risky, on the other hand, in my opinion, gold is only a value hedge, where even though it has increased, it does not produce profits like bitcoin, it only follows the inflation that occurs, it will But this will be better than holding cash, where the value will decrease as inflation increases. therefore I prefer bitcoin to invest

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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.

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