Bitcoin or Gold: Superiority - page 7.

suzanne5223

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Quote from: AicecreaME on September 22, 2021, 07:18:10 AM

Quote from: ConnerDalfino on September 18, 2021, 05:30:11 AM

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?

Both gold and bitcoin are good investments.

Yes, they are and this is why I am still surprised some people only concern about which is superiority above others instead of making good use of both assets at the same time to increase their income.

Quote from: AicecreaME on September 22, 2021, 07:18:10 AM

I believe that they have their own purposes

Is not about believing for it something that's logical. Every substance will always have its own purpose and there's no purpose involve there's no point in using, investing, or creating it.

AicecreaME

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Quote from: ConnerDalfino on September 18, 2021, 05:30:11 AM

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?

Both gold and bitcoin are good investments. I believe that they have their own purposes and it's still much better to invest in both rather than in just one to diversify our funds. Gold has so many uses in different aspects and fields. Gold has been used in different things such as electronics, jewelry, machinery, chips, and the likes. It has proven to withhold its value too despite the inflation and time frame. Hence, a worthy investment if you'll hold and invest in it in the long term.

Meanwhile, bitcoin has exhibited growth for the past years. It has shown its potential and has withstood the test of time making it the king of all coins in the past and at the present. I must say that bitcoin is a nice speculative asset that offers a big opportunity to most of us. This is a great investment for the long term just like gold. It's just that bitcoin is completely digital unlike that of gold. It is also highly volatile which is why we should always be cautious whenever we want to buy and sell. In investing in bitcoin, you must know the risks first. High risk, high reward. However, you should invest responsibly to avoid losses.

Sanugarid

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Quote from: ConnerDalfino on September 18, 2021, 05:30:11 AM

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?

Just like what you've said, Bitcoin yields a gain of 332% for a year or even a month, and the profitability of investing in BTC is really high but also considered a risky investment. In comparison, gold is really a good investment especially for long-term goals but the percentage of return is nothing compared to BTC. With that being said, I prefer BTC over gold simply because of high potential gains in the future.

Betwrong

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Quote from: Kanjeung on September 18, 2021, 09:42:48 AM

Quote from: ConnerDalfino on September 18, 2021, 05:30:11 AM

~

I agree with your opinion, that we should never be arrogant about your income or your success with cryptocurrencies, because it is a trap that can eliminate everything, if traders have strong knowledge in cryptocurrencies keep thinking positive and mentally strong. never cause stupidity. regardless of your question, that feeling I still choose bitcoin for future assets, but what I fear, will bitcoin last as long as gold that existed before 5 thousand years ago?

Actually, gold existed before the formation of the Earth, but I think you meant when gold started to be considered valuable. Well, yes it's true that gold has been valued for many centuries, thousands of years even, but it is not necessary that it will be considered so precious in the future. Synthetic gold can be created already, but the process is very expensive, so, producing it these days is not cost-effective. This may change in the future, and we'll start having more gold than there has ever been, but you can't make synthetic Bitcoin, and there will never be more than 21 million BTC.

SoeNan89

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I think gold and bitcoin are opposite assets, but both assets can be used as assets that complement each other in an investment portfolio.
Gold has better investment properties in some cases than bitcoin, but bitcoin also has its own advantages when it comes to investing.

btc78

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Quote from: Tim-BTC on September 18, 2021, 06:21:45 AM

The correlation between Bitcoin and the two is almost zero. Bitcoin is an ideal tool for spreading risk. In addition to traditional investment products, bitcoin can account for more than 30 percent. I’m 70% bitcoin, 20% altcoin, and only 10% bank fund.

you can easily say that because you are not a Gold supporter , but what if you are also a gold holder? surely you will find this statement not comfortable .

I also have some Bitcoin and gold at the same time but of course small portion of gold while Larger is into crypto and majority is Bitcoin.

Quote from: romero121 on September 22, 2021, 02:51:42 AM

Few days back read an article stating the Google search engine having a rise in the search count for bitcoin. It was calculated that the number of times bitcoin being searched is three times higher than gold. The particular term that is being used is how to buy bitcoin. This itself shows the superiority transition from gold to bitcoin.

this has even a thread in the past when the pandemic starts growing , that google search engine increased the search for bitcoin with really big percentage .

MaDeidre

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I prefer to invest in Bitcoin. Although Bitcoin payment can protect our privacy, I don't want to use Bitcoin to pay. I think using Bitcoin to pay is a waste. I think gold is a stored value currency. Its price will not fluctuate as much as Bitcoin, and the fluctuation of gold is relatively stable. Choose to invest in gold because of its stability and insurance.

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Few days back read an article stating the Google search engine having a rise in the search count for bitcoin. It was calculated that the number of times bitcoin being searched is three times higher than gold. The particular term that is being used is how to buy bitcoin. This itself shows the superiority transition from gold to bitcoin.

Dhaniii

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The debate between the advantages of bitcoin and gold, of course, has a different era. Now entering the digital era, bitcoin is certainly superior to gold. everyone has switched to investing from gold to bitcoin, because the prospect of bitcoin profits is more effective and efficient. while gold has a slow element in the financial turnover mechanism.

worle1bm

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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.

jack wira

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In my opinion, gold and bitcoin have different circulation values in the market.
if the price of gold tends to last more.
but if bitcoin has a very sharp price, even from time to time the price will continue to increase.
Therefore I prefer bitcoin to invest even in the long term.

imstillthebest

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Quote from: ConnerDalfino on September 18, 2021, 05:30:11 AM

Here are my thoughts
A valuable store of value and medium of exchange, gold has been around for five thousand years.

tells us that gold is more superior to btc because of its long years of existence and functions . each of them has thier good and bad sides , this makes the debate not stop .

Quote

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.

thats right . dont be so confidence and put all your cash to btc but it can be safe to diversify it to other assets since the value of btc can still go down sometimes .

TheUltraElite

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So anyway, I applied as a merit source :)

It is true that bitcoin is not accepted as a mode of payment in majority of the countries in the world while precious metals are still trade-worthy with a bit of paperwork.

One will face a lot of problems trying to exchange bitcoin into liquid currency in contries where it is prohibited or just not known to people.

Also price changes are not indicators of good or bad. A bad year can happen to any asset but that does not determine what its uses are. In fact, fundamental uses of gold are there and therefore the market price, indeed making it a good asset for long term. Bitcoin has its own uses and therefore it is also a good asset for long term.

Like I have said in similar threads before, both have their own pros and cons. I think a diligent investor looking to build a portfolio should take in both.

carrigan

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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.

Anguwa

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Gold is a long time asset and a very valuable asset to any investor that has it. What if the price of Bitcoin dump and never pump again, what did we all think will happen to everyone that have bitcoin as an asset, it will never be an easy task to survive that situation. But Gold is a physical asset that is reliable and its value is always increasing even if not in high percentage, while Bitcoin is a digital asset and it value also increase and it can yield a profit of more than 200% of one's investment. Bitcoin is the superior in digital world and gold also.

BlackHatCoiner

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Farewell, Leo

Superiority upon what?

Price stability? Well, obviously gold is superior upon Bitcoin in it. You can't really compare a thousands-of-years agreed asset with an innovative idea of digital money. Not to mention that Bitcoin is owned mostly from individuals in contrast with gold which is mostly from governments. It is doomed to be much easier to manipulate than gold.

Store of value? Well, that's also tough question. Maybe in terms of ability, Bitcoin is better than gold, because it can be transmitted within a second across the world. Due to the price instability, though, you can't guarantee that you'll retain your value; not even in the long term compared with gold. Only if it's as accepted from the societies as gold, it may replace it as the main store of value asset.

The title is just too seductive.

GeorgeJohn

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Quote from: Tim-BTC on September 18, 2021, 06:21:45 AM

The correlation between Bitcoin and the two is almost zero. Bitcoin is an ideal tool for spreading risk. In addition to traditional investment products, bitcoin can account for more than 30 percent. I’m 70% bitcoin, 20% altcoin, and only 10% bank fund.

I think we are differentiating bitcoin and gold, really what they really want to get the concept or fact is the correlation between gold and bitcoin, from my point of view bitcoin is new currency which is not up twenty years but have influence and values than gold, because of it's positivity in the society and it's profit, what we should be asking is that while is it that bitcoin is dominating over gold, and while gold is getting valueless since bitcoin started existing.

Mamun74

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For me, I choose Bitcoin. These things are valuable and i think bitcoin is most valuable. Bitcoin is a digital currency and Gold is an old asset. Now we are modern world and now we choose undoubtedly Bitcoin. Bitcoin is developing more and more.This year bitcoin price increase and i hope bitcoin price more increase in future.

haasanjui

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It is modern world and and many new currencies are introduced and Bitcoin is most famous and precious coin of Crypto and it is valued more than gold. In gold you can only buy but in bitcoin you can invest amd trade and get profit. I suggest you to invest Bitcoin not in gold.

oktana

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Bitcoin still wins because if you weigh their advantages or maybe disadvantages, you'll see why you'll forever want Bitcoin over gold.

Comparing the mobility of both assests...

Gold

Imagine you have some gold, you cannot carry it around because you are endangering yourself
Imagine you want to sell or buy gold, tests will be conducted to ensure that it's original
How about the fact that gold requires papers to show proof of ownership
Or have you forgotten that it's only safe to store it at the bank(which requires your identity)?

Bitcoin

Your bitcoin is in a digital wallet which can be in your phone (no one can ever tell if you have any)
Bitcoin is Bitcoin, you don't take it to anyone to conduct any test.
You don't need any paper to proof that your Bitcoin belongs to you (as long as you have your private key, it's yours and yours only)
You do not store Bitcoin in a bank, you store it in a digital wallet that does not require any sort of private documents.

There are actually a lot more to mention... Feel free to add. Wink

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