Topic: Bitcoin versus Gold, the conflict - page 2. (Read 424 times)

I don't think the scarcity argument for btc holds much value.  Altcoins have captured a large percentage of the crypto market and forks can be created at anytime.  People hate on bitcoincash but its still a top 5 coin and it sort of doubled the coin supply of bitcoin holders.  Now go and try to create more gold and see how difficult it is.

Limited availability of both assets mentioned is what makes them valuable, though gold has an edge since it can be used into something else apart from being just a storage of wealth and assets.


The volatility of bitcoin's price is what ultimately lured in a lot of people (traders specifically) in the cryptomarket. Without it, I don't think we'll be here right now discussing which is better between gold and bitcoin.

Also, no, I don't think bitcoin will ever solve the problems of debt created by the fiat system. Never in the entirety of its existence will it be able to attend to the ill-effects of QE.


Whichever suits best for whatever situation is where my money would go, surely. It's a given fact that people will choose gold over bitcoin in most cases due to the former having proved its value for centuries now though in the event that bitcoin proved itself superior over gold, people would surely start putting their money on the said digital currency/asset.

No one really knows, but as bitcoin improves in the long term, I think a significant amount of money will move to bitcoin; though not 100%, because gold still has unique use-cases that bitcoin doesn't have.

Depends what your goal is. If you want a speculative investment that could potentially rise or drop huge percentages, then hold bitcoin. If you wanted something that's truly stable and that can work really well as a store-of-value, go with gold(for now).

With holding gold, you'd have to trust a custodian to hold the gold for you. Well, you can hold the gold yourself but I'm not sure if that's a good idea security-wise. With bitcoin, there is no custodian(assuming you're using your own non-custodian wallet), but the risk comes if you aren't decently tech-savvy and you have no idea from protecting yourself from hackers.

Not sure how assets can outsmart themselves lol 🤷‍♂️

This speculations that Bitcoin will overshadow Gold at the long-run is an hot topic being discussed by major players. Although they have some similarities which among them is the scarcity, there can only be 21 million bitcoins, while there are around 180,000 tons of the major commodity gold in the world. Financial institution and experts has been describing Bitcoin to resolved the debt issue rampaging the world in no distance time despite the high volatility of Bitcoin from nearly $20,000 in late 2017 and crashed to $3000 range in first quarter of 2019 but still enjoyed the decentralization advantage. I am not doubting this as almost everybody like FREEDOM, this is what Bitcoin is enjoying over other high rated commodities like Gold.

Will the money in trillion of Dollars be shifted to Bitcoin from Gold in future making the later less redundancy or the two are not competitive to each other? Why is always the question which one is better to HOLD (Bitcoin or Gold). What is the danger of HOLDING the two? Can one outsmart the other in the near future, I am just keen to know due to a lot of argument around these two commodities.

I am of the opinion that the two are here to stay and I am in serious doubt that one will bow to another but what did you think. Kindly correct me with facts.

Thank you