There is no need to debate which one is superior, let it be responded to naturally by many people because each has its own advantages and includes the way as a helper to encourage income in terms of investing in particular. What makes the difference is the judgment of each of us, how to respond between gold and Bitcoin, also the range of experiences associated with gold and Bitcoin.
Well, but in terms of the new era... I think it's like being more prominent on Bitcoin, but that doesn't mean gold will be forgotten.
Topic: Bitcoin or Gold: Superiority - page 8. (Read 1029 times)
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.
If one has the funds for it, diversifying is clearly the key. Gold, bonds, stocks, real estate, and why not, entire companies. The thing is.. one has to have really big funds to actually get to diversify.
And, on the other hand, bitcoin had the biggest returns for the last 10 years...
How do you feel about this?
I feel like "meh, why this question again?". I mean, this topic was discussed so many times, I don't know what your point is. Are you trying to advertise gold to bitcoiners or what? Why aren't the other diversifying options in the topic?
Bitcoin or gold, gold has its own allure, especially for women, because almost all women use and invest in gold
Are you aware that investing into gold doesn't mean to buy jewelry? I mean, your comment looks a bit off...
Bitcoin or gold, gold has its own allure, especially for women, because almost all women use and invest in gold, but gold must be stored for a long time to yield a profit, but now that we are in the millennial era, it is certain that many young people, including myself, play in bitcoin, because bitcoin has no third party.
Which one is superior is a really vague question.
Which vehicle is superior a Lamborghini Aventador, a Kia Sorento or a Ford F 150 pickup truck.
If I want to go fast and look cool it's the Lamborghini, if I need to move a large pile of bricks and some lumber its the Ford. If I want to go on a road trip with 3 or 4 other people then it's the Kia.
Which BTC vs gold? For day trading? For long term investment? For stability?
I hold BTC and metals and other investments. They all have their use.
-Dave
Which vehicle is superior a Lamborghini Aventador, a Kia Sorento or a Ford F 150 pickup truck.
If I want to go fast and look cool it's the Lamborghini, if I need to move a large pile of bricks and some lumber its the Ford. If I want to go on a road trip with 3 or 4 other people then it's the Kia.
Which BTC vs gold? For day trading? For long term investment? For stability?
I hold BTC and metals and other investments. They all have their use.
-Dave
Comparing gold to Bitcoin is like comparing seashells to gold at 3000 years ago. Therefore, with the improvement of human productivity, the value target is also changing.
The debate will always be there because no two minds can ever meet or agree on the same page if they are from different streams. Honestly bitcoin and gold are two different entity and they should be kept or discussed as two different entity.
I have myself used example of Gold to compare the bitcoin's strength but now I see there is no point. Both of them literally different from manufacturing / minting point of view to their usage in the real life. If you ask an Indian whether they will choose the Gold or Bitcoin then they will averagely say yes to Gold only because Gold is symbol of devotion and emotion inhere.
So yeah bitcoin is king in it's crypto space and well Gold is gold.
I have myself used example of Gold to compare the bitcoin's strength but now I see there is no point. Both of them literally different from manufacturing / minting point of view to their usage in the real life. If you ask an Indian whether they will choose the Gold or Bitcoin then they will averagely say yes to Gold only because Gold is symbol of devotion and emotion inhere.
So yeah bitcoin is king in it's crypto space and well Gold is gold.
There is nothing to argue about, Bitcoin will not replace Gold and vice versa the two assets will always go hand in hand and both complement each other, because bitcoin and gold have proven to be an excellent investment choice when the world economy is not good, because that affects the prices of both These assets are supply and demand.
Since the beginning, it was created by Satoshi Nakamoto, indeed Bitcoin is not to replace Gold or fiat. So both Bitcoin and Gold will run separately
and will not compete, because I believe they both have their own market. In fact, quite a lot of investors invest in both, because Bitcoin and Gold
are currently safe assets for long-term investments. Especially in a pandemic situation like now it is highly recommended to invest in Bitcoin or Gold,
both of which can be a store of value.
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 cannot help but agree. The stupid arguments between Schiff and McCormack/ Udi on crypt-twitter have become cringe. Gold is just that, Gold. You can never have a great portion of your invested assets in Gold because of the simple fact that it is not very useful to keep and does not appreciate well against inflation. People still continue to keep it for the aesthetic value and that will always remain the "pull factor" of gold. People just cannot have enough of it.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?
A lot of us feel the same way about BTC and other things crypto. They seem valuable to us and we want to accumulate and be able to use them more. In terms of pure utility, Gold is clearly nowhere near Bitcoin or other cryptos. Yet, this approach of somehow pitting Gold against BTC is just Schiff's way of garnering attention. Gold and BTC are two very distinct things. In the next 10 years, if you have all the normal assets (stock, real estate, cash) but don't have Gold, you won't be in a losing spot. The most difference it'll make is that you would want to buy some of it just to balance.
On the other hand, ten years from now if you don't have multiple digital assets and a safe, sound holding of Bitcoin and associated usage experience, you will have clearly missed the opportunity of our generation.
I think the value of gold is not really rise or fall, it is fiat price that fluctuates and tend to fall. I don't consider gold as investment but just a safe saving.
For me gold is a store of wealth, the value of bitcoin increases day by day but there is always a risk involved. So I don't put all my assets in bitcoins, I allocate them.I think the price of bitcoin rise is not because of it competting with gold, but it is because bitcoin competting with weak currency that have high inflation rate. People start to doubt about fiat money and looking for an alternative currency such as bitcoin.
People are slowly realizing government manipulation through fiat and bitcoin is clearly the perfect alternative to fiat. Bitcoin is getting a lot of attention from the outside community. With limited supply and transparent, decentralized what people are looking for that fiat doesn't have. This causes the value of bitcoin to increase. 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?
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 are right about Gold being around for thousands of years and have been at the forefront of investment for most investors until the emergence of Bitcoin and has taken over that sport.
Bitcoin V Gold back in 2010
Same 2021
You will see the difference in profits between the two entities if you have invested in Both with the same amount over the same years
Source Bitcoin vs. Gold
See the percentage difference increase between the two over the years and realize this might just be the case forever and think whether you are making the right choice investing in whatever you are investing on. I know I will keep 70% of my investment too in Bitcoin.
In the long run I think Bitcoin will be superior compare to gold if we're talking about market and value. It's a fact that more and more major institutions eyeing this market and they can't ignore it, I'm saying this is the new revolution.
There is nothing to argue about, Bitcoin will not replace Gold and vice versa the two assets will always go hand in hand and both complement each other, because bitcoin and gold have proven to be an excellent investment choice when the world economy is not good, because that affects the prices of both These assets are supply and demand.
Bitcoin and Gold is very important for trading.I think Gold is better than Bitcoin because most of the country is the world are directly trading in gold trading and central bank are reserved gold for their economic survive.180 billion dollars in gold trades on daily exchanges, Otherwise Bitcoin has only about 35 billion dollars but both are essential for traders.
I have my bias for bitcoin as always. But if it's about superiority, let's all end the debate. Because it will be an unending debate about these two. These two are different on their own basic thing and character. You can buy things with bitcoin directly today while gold, you have to exchange it first which is the first nature of bitcoin. I would love to have many gold as much as I want. But I just can't and will focus on owning bitcoin instead.
Is it really necessary for us to still debate which of the two is superior?
They shouldn't even be compared in first place because it is like comparing apples and oranges. Bitcoin and gold are not even in the same category to be compared.Bitcoin is a currency while gold is a precious metal that hasn't been used as a currency for hundreds of years. Bitcoin is a new technology, an invention, that has been growing in adoption around the world while gold is there for investment only and has little more utility.
Gold might have been the surest investment years back but it's certainly bitcoin this days. There are no investments without risks. Investing in gold has it own risk just as investing in bitcoin does.
I think the only difference between these two is that one is a natural resource, looks like it'll be around for years while the other, a digital currency has the support of most youths.
All the same bitcoin has it when it comes to investment.
I think the only difference between these two is that one is a natural resource, looks like it'll be around for years while the other, a digital currency has the support of most youths.
All the same bitcoin has it when it comes to investment.
bitcoin or gold, gold does have its own charm, especially for women, because most women almost all use gold, and invest in gold, but gold must be stored for a long time, then you can get a profit, but now it's millennial era , it is certain that many young people play in bitcoin, especially me personally, because bitcoin does not have a third party..
Investment trends among young people are now increasing drastically. Those aged 18 to 25 years often choose investment instruments in the form of mutual funds, bonds, stocks, to cryptocurrencies or cryptocurrencies. So that Bitcoin investment is suitable for millennials because it suits their lifestyle. Meanwhile, gold investment is suitable for those who want to make long-term investments. Whether as an investment instrument for students or ordinary people, anyone can invest in gold because it is easy, flexible, and gets quite tempting profits. But personally I prefer to invest in bitcoin..
Gold is finished. The new age belongs to Bitcoin. The writing is on the wall. People don't want to invest in gold anymore. It is a pain in the ass to store, it is not useful as a currency anymore, it is not interesting.
Bitcoin has a huge potential on the other hand. Remember there is only 21 million bitcoins and if every dollar millionaire wanted 1 bitcoin, they couldn't get it.
Bitcoin is clearly superior to gold in every possible metric there is.
Bitcoin has a huge potential on the other hand. Remember there is only 21 million bitcoins and if every dollar millionaire wanted 1 bitcoin, they couldn't get it.
Bitcoin is clearly superior to gold in every possible metric there is.
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?
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? 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?
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