Topic: Bitcoin or Gold: Superiority (Read 1029 times)
It depends on what we mean with superiority. For example, just looking at the performance over the last few years than bitcoins obviously outperformed gold. But if we look at which of the two did better in being a save haven asset that protects it's value than gold outperformed bitcoins. The volality of gold is much lower than that of Bitcoins. The higher volality creates a lot of uncertainty than can hurt investors in the short term. With gold we can mainly protect our current money without having much upside potential. If investors don't only want to make protect their wealth but also make more money they should go for bitcoins.
I think bitcoin has more potential to earn than Gold. Although it is a high-risk business regarding loss or gain in the views of some people. But for the long time investment, it is better than Gold. The Bitcoin business has affected the gold business monopoly..And today, many Gold traders are joining the bitcoin business.
Second, The Gold business can join only rich people but the bitcoin business can be joined by the middle class and poor also.
Bitcoin business is liked by all classes of life and all ages of life. It is the very good grace of this business but Gold business has no such quality.
Second, The Gold business can join only rich people but the bitcoin business can be joined by the middle class and poor also.
Bitcoin business is liked by all classes of life and all ages of life. It is the very good grace of this business but Gold business has no such quality.
Both are very vital, one with a good vision can make good use of them both.
Gold still good,gives profit when traded with the right dealers, although they can still be regulated and regulated by the government.
This is we're Bitcoin has an upper hand than Gold, profits are made from Bitcoin, although from much better traders and those who knows the do's and don't.
Gold still good,gives profit when traded with the right dealers, although they can still be regulated and regulated by the government.
This is we're Bitcoin has an upper hand than Gold, profits are made from Bitcoin, although from much better traders and those who knows the do's and don't.
We can take advantages from both of bitcoin and gold. Bitcoin can give you high return within short possible of time but there is a high risk also. O the other hand the price of gold is rising also but there is a low risk if you invest on gold. Both are good choice for investment to take profit.
Both are good Gold and Bitcoin have their respective advantages, even the existing shortcomings can actually complement each other. Gold exists in real form and its value does not fluctuate, while Bitcoin is in digital form so that it is more easily accessible and stored and even predicted to be used as an anti-inflation tool although this cannot be ascertained, but the value of Bitcoin is very volatile and cannot be controlled. Both can be offered tools for investing that can provide profit, so which one is superior depends on your choice and comfort when using gold and Bitcoin.
I read that many people like to invest in bitcoin compared to gold, I really believe people like bitcoin because the price of bitcoin is not normal,
WHATT?? not normal ? meaning Abnormal ? lol Sounds funny 
Bitcoin can clearly move up and down and that is the normal process of cryptocurrency and that is why there are many support coming from believers because this is how we make profit.
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it can go up and it can go down at any time. experienced a drastic increase if it returned to 2018 for sure people would choose to buy gold and sell bitcoin.
That is what we called Volatility , and that is why trading market is mostly the best place to make money than putting in gambling that so much risky and only small chances to win. 
Let's see what's happening in Norway, which is a very rich country.
They almost don't have any gold reserves. They have sold almost all of it because it's not a great investment in their eyes:
On the other hand, Aker, a company founded in 1841, with now more than 28 thousand employees has recently decided to invest in Bitcoin. They created Seetee, which will only deal with Bitcoin investments, with an initial investment of 500 million NOK. Here's the letter to the shareholders. Recommended reading as it describes the journey of understanding Bitcoin from the point of view of a successful businessman:
Norway has made good financial decisions in the past, and I think they're going in the right direction now as well. Bitcoin is the future.
They almost don't have any gold reserves. They have sold almost all of it because it's not a great investment in their eyes:
Quote from: https://www.norges-bank.no/en/news-events/news-publications/Press-releases/2004/2004-01-28T09-11-39fgenhtml
Norges Bank has sold 16 tonnes of gold bars in January and is planning to sell the remainder of the Central Bank's holdings of gold bars at a later time. Excluded from the sale are seven gold bars that have been used for exhibition purposes and a large number of gold coins that were transported to England when Norway was attacked in 1940. Norges Bank and the University of Oslo are discussing whether the gold coins can be put on public exhibition.
The background to the sale is that gold only accounted for just over one per cent of the Bank's international reserves, and thus contributed little towards diversifying the risk associated with the reserves. The return on gold has historically been low.
The background to the sale is that gold only accounted for just over one per cent of the Bank's international reserves, and thus contributed little towards diversifying the risk associated with the reserves. The return on gold has historically been low.
On the other hand, Aker, a company founded in 1841, with now more than 28 thousand employees has recently decided to invest in Bitcoin. They created Seetee, which will only deal with Bitcoin investments, with an initial investment of 500 million NOK. Here's the letter to the shareholders. Recommended reading as it describes the journey of understanding Bitcoin from the point of view of a successful businessman:
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Aker’s decision to enter Bitcoin through Seetee is the result of a long and fundamental discussion about value. I have been drinking from the fire hose since last summer. While this letter is my way of expressing my thoughts on the matter, my insights are largely derived from reading articles and books, listening to podcasts and watching videos, as well as conversations with people around me.
Norway has made good financial decisions in the past, and I think they're going in the right direction now as well. Bitcoin is the future.
I read that many people like to invest in bitcoin compared to gold, I really believe people like bitcoin because the price of bitcoin is not normal, it can go up and it can go down at any time. experienced a drastic increase if it returned to 2018 for sure people would choose to buy gold and sell bitcoin.
One of the best decisions I ever made was to sell most of my gold and convert it to cryptocurrency. Had I listened to Peter Schiff and other gold bugs talking crap about bitcoin, I would never be where I'm at today. I still like gold as a hedge and form of jewelry but it lacks the growth prospects of bitcoin and crypto!
This is also the best answer i read here now , selling all your gold to convert for crypto? at least not only for bitcoin and that is also perfect diversifying your coins .though i am still have my gold in my safe yet i consider this act in the future but not for now.
but you really did a great job and best example for all.
Back then and people knew that gold as a number one but now it has a counterpart a gold vs bitcoin and in the new generation I see how much you value bitcoin means superiority because bitcoin earns higher than gold and especially now gold is declining steadily.
This will be depending in which are talking because if we will rely in Older humans in which those who knows not more about technology then their firm answer is GOLD because this is their Onhand funds and can keep safe with their own eyes.but if we will be for New generation in which technologically adopted , then surely they will be for Bitcoin or any funds that can be accumulate using their gadgets and technology .
the problem is the fear of people who are new to crypto and other digital asset investments. because indeed they know that investment is a real asset that they can hold and see.
convince people new to the digital world that I am having a hard time with digital asset ownership.
One of the best decisions I ever made was to sell most of my gold and convert it to cryptocurrency. Had I listened to Peter Schiff and other gold bugs talking crap about bitcoin, I would never be where I'm at today. I still like gold as a hedge and form of jewelry but it lacks the growth prospects of bitcoin and crypto!
Back then and people knew that gold as a number one but now it has a counterpart a gold vs bitcoin and in the new generation I see how much you value bitcoin means superiority because bitcoin earns higher than gold and especially now gold is declining steadily.
This will be depending in which are talking because if we will rely in Older humans in which those who knows not more about technology then their firm answer is GOLD because this is their Onhand funds and can keep safe with their own eyes.but if we will be for New generation in which technologically adopted , then surely they will be for Bitcoin or any funds that can be accumulate using their gadgets and technology .
Well, I think bitcoin will always have over gold. The fact is exist, completely secure and untraceable,as nothing more but a string of characters means that no one including any government can take it away from you. Aside from the that, bitcoin can be used as a payment. Bitcoin is easily the best commodity for store of value/currency when applying the traits of money.
At difficult times like Covid-19 pandemic, you need to think out of the box and crypto is the way forward to make wealth at these desperate time. Thats why bitcoin is superior than gold.
At difficult times like Covid-19 pandemic, you need to think out of the box and crypto is the way forward to make wealth at these desperate time. Thats why bitcoin is superior than gold.
gold and bitcoin, managed to become one of the most profitable investment assets in the first half of this year. However, the simultaneous increase in the value of the two assets brings back the creation of which asset will be the better store of value. Gold or Bitcoin, which is more profitable? if I personally think I prefer to invest in bitcoin, the big risk is definitely the profit we get will be great too..
Whatever you choose is all up to you and make sure you thoroughly researched on it and fully trusted that method of investing don't invest because anyone pushing you or to satisfy greedy. And the most responsible for ours is not pull anyone who are not interested or lacking trust on any mode of investment.
Bitcoin is superior to gold in almost every aspect.
I find that gold is usually easy to buy, but difficult to sell. Some mints are happy to sell you gold but they won't buy back their own gold. Selling gold is not ideal, specially in large quantities.
Personally I prefer Bitcoin by far. It's much easier to deal with, it can be bought or sold internationally, and instantly, from your own home. You can keep large or small quantities of it easily, etc. It's just much better in every way.
I find that gold is usually easy to buy, but difficult to sell. Some mints are happy to sell you gold but they won't buy back their own gold. Selling gold is not ideal, specially in large quantities.
Personally I prefer Bitcoin by far. It's much easier to deal with, it can be bought or sold internationally, and instantly, from your own home. You can keep large or small quantities of it easily, etc. It's just much better in every way.
I will always prefer Bitcoin to Gold cause it has great opportunity in it and it's as much as volatile compared to Gold. Bitcoin is having more adoption and with time it is going to surpass gold because of it's maws adoption. Although the market might be read now but I am very sure that Bitcoin is going to reach $100k where Gold would have become less valuable compared to price.
when saying gold and bitcoin maybe in some ways gold will be superior because gold can be converted into money at a price that is relatively the same as the purchase price and it is still quite powerful to this day.
but maybe for bitcoin itself they have very good volatility to date and let's not forget that Bitcoin can also help hedge against inflation but in terms of inflation even gold is a natural hedge to avoid inflation.
but on the other hand why do many people choose bitcoin because indeed they will benefit much more from bitcoin even though there is a risk there.
but I think with this risk for me personally I am more motivated by this.
but maybe for bitcoin itself they have very good volatility to date and let's not forget that Bitcoin can also help hedge against inflation but in terms of inflation even gold is a natural hedge to avoid inflation.
but on the other hand why do many people choose bitcoin because indeed they will benefit much more from bitcoin even though there is a risk there.
but I think with this risk for me personally I am more motivated by this.
In my opinion, I won't compare bitcoin and gold here. Maybe, if in terms of price. But with other factors, they are not comparable. Gold has tangible uses like being used extensively in electronics industry. And don't forget, those miners mining btc, they have gold as one of the important components of those equipment. For most people here, it is easy to invest on bitcoin rather on gold. Gold has other documentary needs as well as safe-keeping aspects. But with bitcoin, it is easy peasy once you get acquainted with it. But don't forget that gold has valuable usage in this market aside from being investment purposes.
when saying gold and bitcoin maybe in some ways gold will be superior because gold can be converted into money at a price that is relatively the same as the purchase price and it is still quite powerful to this day.
but maybe for bitcoin itself they have very good volatility to date and let's not forget that Bitcoin can also help hedge against inflation but in terms of inflation even gold is a natural hedge to avoid inflation.
but on the other hand why do many people choose bitcoin because indeed they will benefit much more from bitcoin even though there is a risk there.
but I think with this risk for me personally I am more motivated by this.
but maybe for bitcoin itself they have very good volatility to date and let's not forget that Bitcoin can also help hedge against inflation but in terms of inflation even gold is a natural hedge to avoid inflation.
but on the other hand why do many people choose bitcoin because indeed they will benefit much more from bitcoin even though there is a risk there.
but I think with this risk for me personally I am more motivated by this.
Back then and people knew that gold as a number one but now it has a counterpart a gold vs bitcoin and in the new generation I see how much you value bitcoin means superiority because bitcoin earns higher than gold and especially now gold is declining steadily.
if it's a matter of falling prices like you said to gold, bitcoin is also currently experiencing a decline, of course it's natural that gold and bitcoin don't always continue to increase, it can be ascertained that they will also be affected by various kinds of problems and will experience a decline.the principle is that both are very good to be used as investments, depending on what the person who wants to do the investment wants to do. gold can be used for accessories and there are still many people who want to have gold to show their identity. Instead, bitcoin is invisible and cannot be exhibited in real form.
If asked to choose, obviously bitcoin is more attractive to my principles but maybe for others it could be gold. for me bitcoin is always going to increase at least during the halving and this is what makes it a very interesting thing that gold does not have.
gold and bitcoins both have been a great asset with best profits for many people,
if we talk about superiority in terms of legality and accessibility gold is the clear winner it is accessible to people of all economic standing and technological knowledge , its legality cannot be questions as country's currency or paper money has a value directly linked to gold.
but if we just consider them both as an asset Bitcoins would make its stand .
if we talk about superiority in terms of legality and accessibility gold is the clear winner it is accessible to people of all economic standing and technological knowledge , its legality cannot be questions as country's currency or paper money has a value directly linked to gold.
but if we just consider them both as an asset Bitcoins would make its stand .
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