Topic: Bitcoin or Gold? - page 9. (Read 1272 times)

So, what a TULIP went from a nickle, to the value of a house, during Tulip-Mania (1637 peak) so what?

"Pet-Rocks" went to 100's dollars back in the day, and also $1 cabbage-patch dolls went to infinity

The fact stupid people in a mass hysteria can drive feces to infinity, is a recurring human trait, in all of human history.

Bitcoin is more like the south-sea bubble, where it had many peaks, and eventually last & highest peak, and then even the elite got wiped out. This is where we are today, since fall of 2020 the 'institutional' investors moved $350B into BITCOIN, because its seen as a place to park you cash, in an era  where DALIO say's "CASH IS TRASH", but then this week BTC lost 25%, and everybody who parked there cash in BITCOIN isn't looking so smart.

IMHO what keeps BTC at a support of $50k right now is 'plunge protection team', now that real big money can be lost, and has been lost, our GOV has no choice but to declare bitcoin as "Too big to fail"

So for all you suckers, yes keep on the bitcoin train, but understand this bitch is going down.

How did tulip, south-sea, and Mississippi bubbles end? They all ended when the GOV treasurys were destroyed. I have no doubt that China&Russia are totally enjoying this show, cuz when its over all this feces wealth can&will go to ZERO

The argument of this graph is that BTC is better than gold, well the 'pet-rock' era by that logic would mean that common river rocks are also better than gold. One should never equate mass-insanity with tangible long-term value.

Wrong because Big companies now are adopting Bitcoin meaning they already find what stored value bitcoin is and thats the reason why Bitcoin stays in this High value and demand .
Look that this maintain the more than 40,000$ level things that not happened from all halving in this market.
This will be e Bias answer but of course it Is Bitcoin that is much better for long term.

Yeah Gold increasing its value years after years but we cannot deny that Bitcoin is much higher in climbing for years now.

GOLD

real, tangible

history forever

gov can't track, private

never gone to zero

fungible, anywhere on earth

women love it

power goes off, your gold is there

The only confusion here is are we talking about 'fake gold' on the stock-market, or are we talking about physical in your hand? If your talking about GLD ( feces ), then yes its comparable to BITCOIN(feces)

100% controlled by the man, who knows where it is hidden

created by GOD

BITCOIN

100% scam, promoted by common criminals worldwide

virtual, non-tangible

non-fungible, 3 classes of btc virgin, pristine, and tainted, most coin is tainted, e.g. its been 'mixed'; try cashing-out to USD(FIAT) with the IRS-coinbase to get cash in an emergency

history of losing 90% frequently

endlessly promoted by nigerian scammer and their ilk

women don't want it, unless you can turn it into gold/cash instantly

power goes off your btc is not there

internet is switched off your btc is toast

gov intends to black-list all btc that doesn't have high-val addresses registered to a KYC, IRS-COINBASE is why the US-GOV took over COINBASE, to normalize the 'taking' of bitcon


100% owned and controlled by CCP, chinese gov

created by NSA-IMF-BIS to keep excess FIAT from pouring into GOLD, 1997 IMF-BIS white-paper "How to make a digital bank".

Created by NSA, e.g. NakamotoSAtoshi is a myth, BITCOIN is 100% NSA, both SECP256k1 & SHA256 were developed by NSA, the backbone of BITCOIN

Gold should sound decent in theory, but knowing that bitcoin — an obviously far more superior asset already exists, it would suck to be a gold holder. We've come to a point that I would say that bitcoin is a "safer" bet than gold today (in the long-term, of course).

Yes.

This has been discussed so many times here and the comparison of the two has been there since.  But this is the only time I would participate with a thread regarding it because I find this thread very interesting.

Anyway, Bitcoin terminologies with their process have been inspired by gold, and mining in Bitcoin could have been a different term if it wasn’t inspired by it.

Some say that Bitcoin is like a bar of digital gold (storing its value).  But now, I feel like I'm almost there agreeing with that, because if you would imagine, what if gold can be easily transferred and transactions are less complicated?  I think Bitcoin’s existence today isn’t a thing.  In that way, I should say that we now prefer doing our stuff digitally, the only difference between the two is the transaction efficiency and the ability to stay longer.
Bitcoin will soon become almost impossible to vanish once Nodes have been sent to outer space.  Gold on the other hand could be kept but possibly will go back to its existence in the next thousand years but we will never know IMO.

This is very true. If you have enough funds, why not go for these 2? Gold is a tangible asset where you can never go wrong as its usage has been proven for centuries. Whereas, bitcoin is relatively young, it is showing a very promising market. However, owed to its volatility, people should be careful in holding this as investment. Maybe, people are asking which one to go to if they have limited options, like buying gold will entail documentations and such, and they don't want to go thru all those paperworks. But for me, if you want to have assurance with your funds, it is always better to invest in tangible assets.

Bitcoin is young and more volatile, but I prefer it to gold, because it has limited supply (only 21 million) unlike gold that gold miners will continue to mine. But, it is good to be patient, and learn how and when the exact time to invested, when price is low.
Quote from: Abiky on Today at 08:35:40 PM
Is it Bitcoin, Gold, or both?
It is good to diversify, both of them are good. Although, I prefer bitcoin over gold.
Quote from: Abiky on Today at 08:35:40 PM
Why do you think such asset is better?
People will become more literate, gold supply is finite, unlike bitcoin supply. The world are going more digital.
Quote from: Abiky on Today at 08:35:40 PM
Do you think at some point in the future Bitcoin will replace Gold?

If I have those options, why wouldn't I pick both? I'll take both of them and these are both the greatest assets in today's time.

I wouldn't compare them which is better because to me, as long as it's an asset that will grow someday, they're perfect as an investment.

People who have gotten to the point of owning bitcoin and gold usually have some spare capacity in their finances for saving money. At that point you should really be looking at the stock market before either of these two assets if you want to grow your money steadily. You should not limit yourself to two unproductive assets, where you are essentially hoping a "greater fool" will take it off your hands for a higher price. Gold has some practical usage - it is a greater conductor of electricity and is non-magnetic which have function real world purposes, alongside being desirable for use in jewelry. Bitcoin makes transferring funds across borders a lot easier and more anonymous, however this could lead to crackdown by regulators in future who have previously been able to track money through bank accounts and it's possibly wasteful in terms of energy usage. Bitcoin has already multiplied in value in a short space of time, so there is plenty of room for a correction, so now might be a bad time to buy more. That being said, it is popular in the mainstream right now and has a limited amount in circulation which helps hold the price. I think investing 60% in stocks, 20% in cash, 15% in Bitcoin (or altcoins) and 5% in gold is a good setup right now.

Bitcoin is way more than gold. People like to refer it as digital gold, but to me, bitcoin is bitcoin.

One day, people will look at gold and say:"Aw, physical bitcoin" but I doubt that gold can even have that title. Gold in fact has a few advantages whereas government use it as a reverse asset.

Hah, what a coincidence, just yesterday I watched Bitcoin vs Gold debate between Michael Saylor and Frank Giustra. It was actually pretty good and I suggest to watch it!

To answer your question, I don't think that Bitcoin Vs Gold is even needed. Both can coexist as a store of value and even though I am not willing to exchange my BTC for gold, I certainly understand the people that prefer gold.

With all the similarities that Bitcoin and gold share, there are also differences. For example, Bitcoin can be transferred quickly and easily digitally, but is not physically available. Anyone who has a computer with internet access can use Bitcoin.
Gold can also be transferred, but the costs for transport and storage are higher. Although every private person can own gold today, this has not always been the case. For example, the Roosevelt government in the United States passed a gold ban in 1933, but it wasn't lifted until late 1974.

Bitcoin only exists in the digital world and is decentralized. The digital currency works via a peer-to-peer network and is based on a blockchain - this means that Bitcoin cannot be censored, switched off or prohibited.

Bitcoin is young and more volatile, but I prefer it to gold, because it has limited supply (only 21 million) unlike gold that gold miners will continue to mine. But, it is good to be patient, and learn how and when the exact time to invested, when price is low.

It is good to diversify, both of them are good. Although, I prefer bitcoin over gold.

People will become more literate, gold supply is finite, unlike bitcoin supply. The world are going more digital.

That is certain that bitcoin will replace gold, it can take long but the day is coming.

Bitcoin has often been proclaimed to be "digital Gold" since it shares many similarities to the precious metal we know and love today. Yet, not everyone find Bitcoin to be quite an attractive store of value. Despite Bitcoin and Blockchain tech's success, Gold is still used as a sort of "hedge" against inflation. Up to this point, Gold's market cap is much bigger than Bitcoin's. Things might change in the future if popularity continues at an upward trend.

This makes me wonder, which of the aforementioned assets are better as a long term store of value? Is it Bitcoin, Gold, or both? Why do you think such asset is better? Do you think at some point in the future Bitcoin will replace Gold? Or will Gold eventually adapt itself to the digital era (tokenization of Gold)? Your input will be greatly appreciated. Thank you very much