Both gold and Bitcoin can be profitable.
Although gold is a relatively safe and reliable asset, its profitability is very slow.
With the development of time and technology, Bitcoin has become an increasingly popular asset. It can bring benefits to people and help improve the economy in a relatively short period of time, so more people like to invest in Bitcoin.
Topic: Bitcoin or Gold: Superiority - page 6. (Read 1029 times)
Most people choose gold because they want safe investment but they don’t know the potential of bitcoin. I always bitcoin over anything for investment. Best way to earn profit nowadays is investing in bitcoin, as bitcoin is adopting by many big countries and we will see bitcoin at its all time high price by the end of 2021.
Gold isn't a safe investment, you can't easily buy one and call it a day, you can't sell it either that easy, now compare that to bitcoin which has more demand than gold, it's much more convenient and can make you more profit in such a short time.
. you forget the important point that investment cannot be done in such a fast time.and I just want to explain what @CoinFoxs means here is that gold is friendlier in price in contrast to bitcoin which is indeed volatile and very difficult to control and has a large capitalization, at least gold is more usable if you don't want to take risks when investing.
why can it happen? yes indeed bitcoin is a very big risk because according to what I said above that the nature of bitcoin is volatile which makes it more risky than gold.
I don't think that we need to discuss which one is superior to the other. They both have advantages and disadvantages for their investors. It is better to let people make their own choice about what to do. Some people are totally against new technologies like cryptocurrencies or they don't trust them. And as a result, they continue with traditional investment tools like gold and fiat currencies. However, some other people really like to use new technologies and they want to benefit from the volatility also to make a nice profit. And their choosing becomes Bitcoin or some other cryptocurrency.
Most people choose gold because they want safe investment but they don’t know the potential of bitcoin. I always bitcoin over anything for investment. Best way to earn profit nowadays is investing in bitcoin, as bitcoin is adopting by many big countries and we will see bitcoin at its all time high price by the end of 2021.
A lot of them do know Bitcoin's potential, but it doesn't fit their needs. You say it: the majority choose gold as a safe investment. Explain to me how Bitcoin is safe? It is continually up and down, and occasionally severely so. These two types of assets have different purposes, no need of thésis about it.
Secondly, people investing in gold are not necessarily looking for profits. For example, I did, no big deal if I won't make a cent. I will even accept to lose a bit (unless it's higher than inflation)
Bitcoin adopted by many countries? Wich, I know only 2 or 3
...
I don't know if we can say nowadays that people use gold. There are some people of course, but not for real use, mainly for saving funds or investing for the long term.
I mean it's not in the same way as when gold was used as a means of payment. At least that's not the case anymore. I have never see a supermarket in which I can pay with a troy ounce.
...Gold has kept it's value for the past thousands of years and will probably keep its value in the next houndred/thousand years...
What are you telling? Where do you see that gold has always kept its value over the years?
Most people choose gold because they want safe investment but they don’t know the potential of bitcoin. I always bitcoin over anything for investment. Best way to earn profit nowadays is investing in bitcoin, as bitcoin is adopting by many big countries and we will see bitcoin at its all time high price by the end of 2021.
Gold isn't a safe investment, you can't easily buy one and call it a day, you can't sell it either that easy, now compare that to bitcoin which has more demand than gold, it's much more convenient and can make you more profit in such a short time.
Most people choose gold because they want safe investment but they don’t know the potential of bitcoin. I always bitcoin over anything for investment. Best way to earn profit nowadays is investing in bitcoin, as bitcoin is adopting by many big countries and we will see bitcoin at its all time high price by the end of 2021.
I feel like we should stop comparing gold and bitcoin.
Gold has kept it's value for the past thousands of years and will probably keep its value in the next houndred/thousand years.
Bitcoin becoming a legal tender in more countries would put it in a completely different situation than gold.
You can already pay for so many services and goods with bitcoin while gold is still only a store of value.
Gold has kept it's value for the past thousands of years and will probably keep its value in the next houndred/thousand years.
Bitcoin becoming a legal tender in more countries would put it in a completely different situation than gold.
You can already pay for so many services and goods with bitcoin while gold is still only a store of value.
Question
The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?
Here are my thoughts
A valuable store of value and medium of exchange, gold has been around for five thousand years.
Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.
How do you feel about this?
no doubt that i am a Bitcoin supporter , i even invested more than half of our savings here in crypto but this doesn't necessary mean I am all in cryptocurrency.The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?
Here are my thoughts
A valuable store of value and medium of exchange, gold has been around for five thousand years.
Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.
How do you feel about this?
i tried to diversify my funds into Bitcoin, banks, Gold and real life business .
in this i am assured if no matter what happened to the world economy , i am ready and at least will have place to survive at some point.
practicality and security is my Motto in life.
Bitcoin is the hardest form of money ever created and more superior to gold in many ways. However, it is a nascent technology with more risk, but the upside potential is tremendous. Gold is currently more trusted and has proven itself as money for the past 5,000 years. Its a good idea to have both in your portfolio.
Yes, people value gold for thousands years, and from birth we keep hearing how precious it is. Bitcoin, on the other hand, is relatively little-known, and what most people keep hearing about it since its inception is that it's a scam. Now, nothing can be said about gold to make it even more valuable, while Bitcoin has a great potential in this regard.
Bitcoin is the hardest form of money ever created and more superior to gold in many ways. However, it is a nascent technology with more risk, but the upside potential is tremendous. Gold is currently more trusted and has proven itself as money for the past 5,000 years. Its a good idea to have both in your portfolio.
Gold price are going down and it is now not an best investment option for people and they are getting attracted towards other financial assets like bitcoin which is giving return unlike gold.Now people prefer to have some income with risk associated and high profits and gold is not the best option now.Those who were optimistic about it also have turned down the stones and made up mind of choosing other options as their funds are also going down with prices.It is now becoming obsolete with time and new technology.
I think the root of the problem is that everything has its own era.gold is a very good thing and a small risk investment in my opinion one of them is gold.
but now the era is different now the era of technology and blockchain has made a new breakthrough and this expansion is growing with time and technological sophistication.
and here (crypto) even though what you say is absolutely true that here is full of risks but the benefits are greater because it is in accordance with the existing risks.
I don't think that any of these two is completely superior to the other. Because Bitcoin and gold both have weaknesses and advantages. Bitcoin is better in terms of making someone a lot of profit in the long run. Gold is not as highly volatile as Bitcoin. Actually, Bitcoin also doesn't guarantee this kind of profit. But so far, we have always seen that Bitcoin made people even rich.
Question
The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?
Here are my thoughts
A valuable store of value and medium of exchange, gold has been around for five thousand years.
Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.
How do you feel about this?
You have to take into account that gold has existed for thousands of years as a store of value, and people having been buying and selling it and there has been a limited supply and there are literally no factors that could affect its price heavily, not like bitcoin that is fairly new and it is quite volatile and has a lot of factors related to its price, and has a lot of potential to grow, but the question is what will happen when the supply reachs its end and there are no more bitcoin being mined, will it have the same price, keep going up, or people will lose interest in it. The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?
Here are my thoughts
A valuable store of value and medium of exchange, gold has been around for five thousand years.
Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.
How do you feel about this?
Question
The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?
The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?
I don't think at this point is necessary to debate over Bitcoin and Gold, as much as people call Bitcoin the "Digital Gold", I think it's rude to be called it that way, Bitcoin is unique, so does Gold, and if we're talking about superiority in value, definitely Bitcoin wins, it took decades before gold actually grew to a higher value, but it definitely is much more stable than Bitcoin.
every possibility for large profits must be accompanied by a commensurate level of risk. I think gold and bitcoin are two different things with different users. if people want to keep their money safe for the future, of course they will choose gold and if people want to invest with the desire to make a profit, of course they choose to invest in bitcoin regardless of all the risks which I think are very worth the things that will be obtained.
Gold price are going down and it is now not an best investment option for people and they are getting attracted towards other financial assets like bitcoin which is giving return unlike gold.Now people prefer to have some income with risk associated and high profits and gold is not the best option now.Those who were optimistic about it also have turned down the stones and made up mind of choosing other options as their funds are also going down with prices.It is now becoming obsolete with time and new technology.
People are using Gold for ages so we cannot say that Gold is more superior than bitcoin. Also the market cap of gold is way more than that of bitcoin.
I don't think we can compare the two at the moment. However, in future maybe 10 -20 years time, bitcoin will overcome the market cap of gold.
Gold price are going down and it is now not an best investment option for people and they are getting attracted towards other financial assets like bitcoin which is giving return unlike gold.Now people prefer to have some income with risk associated and high profits and gold is not the best option now.Those who were optimistic about it also have turned down the stones and made up mind of choosing other options as their funds are also going down with prices.It is now becoming obsolete with time and new technology.
Not going down as much as Bitcoin though,,, which is why I think it is quite silly to compare gold and Bitcoin in small snapshots of time. Gold has been around for thousands of years and Bitcoin only less than 1% of the lifetime. So yes, BTC is volatile now but maybe in 1000 years it will be like gold?
As much as I love BTC, Gold is still,,, gold standard. Undisputable for anyone:)
Bitcoin or Gold, Which is superior actually a difficult question in this era. Because the demand of both higher but since it's not acceptable to everyone, It has no legality in my country, So gold is the best but i judged it in terms of reality. From My perspective Bitcoin will 1st priority.
No it is NOT necessary to discuss which one is better because neither one is better than the other. We have this "debate" or discussion on here time after time, over and over again.. Bitcoin and Gold are not the same things. They may share some common qualities, or characteristics, but that does not make the rivals or competitors. The truth is a well rounded portfolio should own both. Gold is physical, bitcoin is not (besides physical bitcoin coins of course )
) 
Is it really necessary for us to still debate which of the two is superior?
No need to argue, between Gold and Bitcoin, obviously it's like the sun and the moon, the shape is the same as the light is different, that's for example, Lol.What I want to say is, if, you continue to compare Bitcoin and Gold it is a big mistake, gold is real and is in common use by the public, no exception, After all, gold is unlimited, I mean supply, as long as there are miners and gold earth always appears, meaning: it doesn't run out so it's natural, the price of gold is not as expensive as Bitcoin, for that gold cannot be equated with Bitcoin in terms of price, shape, use, needs, savings etc.
While Bitcoin is a digital currency that is specifically traded in the crypto/internet world and limited supply is used by all countries, of course the percentage price is higher.
For example: Bitcoin is real and found in mining the earth, I'm sure it's 100% cheaper than the current price of gold/grams.
I'm talking in real life, real thoughts, not imagining, it's reality, so there is no debate between gold and Bitcoin, realize this world is real, you don't always live with the internet.
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