Topic: [Bitcoin or Gold] choose correctly - page 2. (Read 958 times)

You have said it all, I prefer having Bitcoin to having Gold because gold is physical nature and you have to keep it somewhere to secure it, Gold can’t be kept in a wallet that you will think it’s safe, although it can be kept in a place like banks and other financial institutions when you keep it will remain like that, bitcoin can be kept safe in a wallet that you can be seeing it any time you want and the price of it will be increasing every day, although the both have their price and gold sometimes the price can increase but bitcoin is still the most important thing to hold in terms of price and the value.

We can’t even compare the both together because they are not are the same level, I know that gold is the first one that we all know but when we are talking about the best thing in the world that has value then anything now is bitcoin, I have seen where someone who has gold is selling all his gold to buy bitcoin and I think the person does the right thing because everyone wants the best for themselves.

I think it is the other way around. In the forum, most of us prefer to have Bitcoin instead of gold. But when we haven't heard of Bitcoin yet and we're ignorant of it, for sure we'd choose gold over this thing that exists on the internet.

That's true, Bitcoin is more scarce because just a report January this year said that the total gold supply in 2023 increased 3% y/y as mine supply and recycling both posted growth.

We're used to its volatility and that's why it's easier to have it and less hassle as we keep it through our cold storages.

I never even consider gold as an investment because the APY is too low at best it can combat inflation but that's about it.

with BTC if ever the market cap grow as huge as gold it means your money is growing 16x compared to today, since even the big institutional investors are calling bitcoin a nascent asset this means BTC still has plenty of potential to overtake even the biggest valued stock today which is AAPL and soon catching up with gold.

choose gold if you're too intolerant of risk, then gold is your option, but your money won't grow that much either.

If gold is to be used both as jewelry and a tradable fungible asset then it has to be 24ct gold which is not the most often used quality for everyday jewelry.  Gold can be soft when its pure bullion quality like that even gold coins collected are often 22ct and mixed with copper for durability, some specialist jewlers will provide this on demand but its not the norm to do so.   I prefer coins myself but I like either idea where its a wanted item.

A lot of users on hear in this forum would prefer gold in respect to Bitcoin just because, they wish to stay pro-Bitcoin and don’t like to be looked ag in a different limelight but no, let’s leave sentiments at the side, Bitcoin I more valuable now than we can say for gold and you know why? It’s simply because of its volatility and decentralized nature.

Bitcoin also is a more scares resource than gold. Gold could be discovered at any time and have the market flooded with it but, it’s not the same with Bitcoin. It has a fixed supply and doesn’t have any definite element that regulates its price.
Gold does, it’s price could be regulated by authorities.

I’ll stick with Bitcoin in this eventuality, at least while the volatile nature of it still persists.

We have to go by the choice of what we make base on the understanding of how we get information's concerning it, some never know the difference between what gold could offer from what bitcoin can as well give, there is no doubt we have all been on this for long in using gold for a secured and profitable investment, but things have now changes whereby bitcoin is now the best and most preferrable one to use for this purpose.

Gold has been a good investment from our ancestors, many rich men today do have gold in their houses, it’s been used for fashion and it is also an investment due to its value, choosing gold over Bitcoin is not bad at all but when you compare some advantages, you will see how easy it is to hold Bitcoin instead of gold.

Some of advantages include security issues to avoid theft due to hold been a physical and attractive object that can be stole easily, while Bitcoin is a digital currency that can be hold without anyone knowing or seeing it.
Moreover, you don’t need a third party to sell your Bitcoin, while you need a market to sell your gold which is a bit stressful. Bitcoin can give you huge profit that gold will not give.

Have both or diversify.

I hold gold because I want a more stable asset because this asset will certainly remain valuable and its value continues to rise even though the annual percentage increase is small, it doesn't matter because some people also have the belief that gold is an asset that can maintain its value.

Bitcoin is certainly a hope that can produce more quickly than every cycle [once every 5 years] behind it there is certainly a fluctuating price, for now I will accumulate more bitcoin because the gold that is stored in my opinion is more than enough.

People think bitcoin is better - I agree with that, until whenever the main investment will be in bitcoin.
Gold is only for the convenience of assets and this is also important for me in managing asset management between gold and bitcoin.

No one forces us to choose one or the other, we can own both as long as we can afford it. One thing I just discovered is that we often talk about diversification and think that putting all of our eggs in one basket is very risky and a bad idea. But while we're here to pick bitcoin or gold, that means most people don't diversify their investments and they focus on just one asset. Or they are diversifying with altcoins instead of using an asset unrelated to crypto.

Both have advantages and disadvantages, none is better than the other and the only difference is each of our needs. Those who like stability, gold is the choice, those who like to take risks to seek higher profits, bitcoin is the choice.

What about billionaires still hoarding gold or governments still hoarding gold? I don't think only women like it and gold has many more uses than just making jewelry like you said.

Any asset will have pros and cons. Physical gold is difficult to store and easy to steal, but bitcoin is not completely safe either. Your Bitcoins will also leave you if you accidentally lose your private key/seed phrase or it is also at risk of being stolen by hackers if you don't know how to secure them…It can be said that the safety of our assets depends entirely on us.

Not only do I own bitcoin, but gold is a great option to own as well. I'm trying to diversify assets into just a few options instead of just one, so I guess it's not a bad option if you and many other users have both. Gold is not only a form of jewelry, but gold has good potential to be worth more from year to year. So don't ignore gold if you want to diversify your assets.

Then from that, you don't have to have physical gold if you really want to invest in gold. There are many trading platforms that you can use that can help you control and manage your investment assets wherever you travel. I know physical gold is much more at risk of physical violence due to the heinous behavior of robbers, so the safe choice is digital gold.

Gold will be the choice of many women because this item can be a beautiful jewelry with the clothes they wear then gold has a stable value, people think gold is safe but that's their mindset including my own wife likes gold and invested some money in it.

However, my own choice is not gold which is clearly bitcoin, I have seen the statistics of the movement of the 10-year ROI increase between gold and bitcoin that is much different.

If you invest a lot of money in gold there is a physical item that is held then this will be vulnerable for you especially now that there are many cases of robbery even though you store it somewhere safe the sense of anxiety will always be there.

Unlike bitcoin, you don't even need to mention having bitcoin because it's only yourself who knows what it means to keep it secret, bitcoin is more flexible, wherever you go you still have access because it's a digital asset.

Why choose? I take both.

The topic has been discussed many times before, the point is that both are different asset classes and both have their own pros and cons making it an apples vs oranges argument.

Gold is easy to buy/sell anywhere, difficult to carry. Bitcoin is difficult to buy/sell "anywhere" but easy to carry.
Gold does not need much technical know-how but for bitcoin you need some of it.

This is definitely something that we can all agree on, because it is definitely what people are doing as well. To attain more wealth, you need something that can grow faster, and bitcoin sure can grow faster than gold, it might be riskier investment too, but it can surely go faster.

However, if we are talking about someone already rich, then they do not have to take that risk, they do not have to worry about getting richer, so its smarter for them to get gold.

I believe that the best thing we can probably do at this point would be just focusing on which one we are. I am personally not rich at all, not even close, quite poor really, even investing into bitcoin and bitcoin going 100x won't make me "rich", would help me a lot of course, but that is not what rich is, I won't be able to quit my job for example.

However, that is still what I need, best chance I have, gold is nothing but boring small upticks for me and I do not need them at all, won't help me a bit. This is why I rather deal with what we have right now, and don't really consider that gold would be fine, bitcoin is far better for me. Plus, there are other coins too, so I dabble with some of those other ones to help me as well.

If one would have to choose from those, i don't get why wouldn't everyone in here automatically pick bitcoin. I mean it's not like we are in goldtalk forum or something.
And even though i see bitcoin's future more uncertain then gold, i would pick btc without a question. Try to smuggle that gold if you need to flee the country and see what the airport security says when you go trough the metal detector with a bag of gold. But when you are going trough with bitcoin key, it doesn't weigh anything and be cashed out pretty much everywhere and fast, unlike gold.

You don't even need to carry usb stick. Just divide the key into parts and use some secure places in the net to store them seperately.

For sevral reasons, I would always choose Bitcoin over Gold for investment or savings. As a man, I find it pointless to wear or own gold for any purpose, unlike many who use it to show off their wealth, such as wearing golden watches or clothes to impress others, which seems useless and even unfashionable.

If I were to earn and own a significant amount of money, ngl I might consider owning some gold for savings. Some users here suggest silver as a better option over gold, following Bitcoin. Personally, I believe that smart people will prioritize Bitcoin as their top choice with the majority of their savings invested in it.

Gold lacks security during times of war, for example having a significant quantity of it can even put one's life in risk if others noticed or saw you with that valuable quantity of gold while it is war. Bitcoin on the other hand is not traceable, as no one would know you possess that much of it, allowing for safe and easy transactions all over the world, even if you change a country, you can either buy stuff with it, or exchange it for local currencies.


Apart from comparing it to things that existed centuries before Bitcoin, IMO, this cryptocurrency stands out as the greatest innovation of this century. Bitcoin and crypto, in general are revolutionizing and positively impacting people's lives.

I would do both and any effort to force me to pick one or the other is an attack on my personal belief that I should be free to choose what I can own. The only limits on my ownerships rights would be:

I can't own people.
I can't own something that is not freely offered for me to buy.
I can't own super weapons.

I think if the rules above were to be followed we would be better off.

BTW I own more BTC than I own Gold and I own more silver than gold but less silver than BTC

the order is

1) BTC
2) Silver
3) GOLD.

HERE are three threads that show I do own silver and sold some off this year to buy BTC






I may sell more of my silver later this year and buy more BTC

my stance is simple.

wanna make wealth? then go with the investment instrument that has more potential in the long run to grow big, like bitcoin and it's still in its initial phase in my opinion, investing in bitcoin I always consider to be a good way to create wealth.

but, if you want to retain wealth and eliminate risk, simply with gold, it will beat inflation rate, but won't make you rich, doesn't matter how long you will wait for it, the increase will never be that much, as it is only an investment to fight inflation and limited to only that.

Well I am going to have to say Bitcoin. But this is because I do not like to invest my fiat in precious metals like gold and silver.

I will prefer to have my investment in digital currencies like bitcoin and the other alts. But I do agree with some people here you can have both of them. But for me my choice is going to be Bitcoin.

Why do people say either or to the options, choose both according to your needs.   Gold has a cost and large spread to its purchase and ideally should only be held for 10 years or more or you are risking losses in your attempt to save money.  Obviously you can speculate on either of these assets but they are both far more long term term in their base line then most realize.