Bitcoin vs Gold vs Fiat - page 3. | Bitcointalksearch.org

MFahad

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Quote from: MrFreeRoMan on April 09, 2019, 03:02:43 PM

Quote from: Ailmand on April 09, 2019, 01:41:35 PM

Although bitcoin has a lot of good attribute compared to Gold and fiat, the problem is the adaptation. We are not yet ready for bitcoin to be used as the main currency because we are still on the stage of adaptation. Gold and Fiat still has it's advantage in terms of our current era, not everyone can use bitcoin to transact due to it's limited accesibility and acceptance.

Before Fiat was barter! People did not immediately begin to perceive paper as money! But nevertheless it happened... That bitcoin, and cryptocurrency in general, have to go this difficult, long way! I'm the one who believes it, and I feel it in my gut.

Very old period of time, people used Barter, even my grandfather has also not seen barter system, it was too much old period.
But you are right, fiat overcome on barter and before 10 years people believe only two things fiat vs Gold, but now Bitcoin is also include in it. The surprising thing is, bitcoin get success more than fiat and gold and also in future bitcoin will be overcome on them.

etherixdevs

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Quote from: LeGaulois on May 03, 2019, 04:55:44 AM

Quote from: shesheboy on May 03, 2019, 02:40:36 AM

Afaik This question is explained too many times but people still love to debate this .

Quote

Re: Bitcoin vs Gold vs Fiat

Bitcoin and fiat are both currency but gold is not . bitcoin and gold are both an investment asset but fiat is not . by looking at my analysis you can clearly see that bitcoin can work for both currency and asset use .so bitcoin is i think the winner between the three of them .

But but but .... The only disadvantage i think of bitcoin is bitcoin dont have a physical form while gold and fiat do have their own offline version . and fiat is still the king when it comes to offline transactions . while gold is still the king when it comes to offline investments

That's why we should stop thinking that Bitcoin will a day replace fiats. It must be considered as an alternative currency.
But the adoption of digital payment methods has exploded in recent years (and it can represent more than 80% for some countries). So what you call a disadvantage can also be an advantage.
Gold is far to be the best offline investment. A lot of people don't even consider it as an investment

The gold problem now it is represented in part even from the crypto market. Since 10 years gold is not raising anymore. It doesn't seem a good investment right now but it is definitely a safe investment. People bought gold 6-7 years ago when market value was very high, are loosing really much. But the history is teaching that Gold always raised value since 1800. It's a long run but it works.

LeGaulois

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Quote from: shesheboy on May 03, 2019, 02:40:36 AM

Afaik This question is explained too many times but people still love to debate this .

Quote

Re: Bitcoin vs Gold vs Fiat

Bitcoin and fiat are both currency but gold is not . bitcoin and gold are both an investment asset but fiat is not . by looking at my analysis you can clearly see that bitcoin can work for both currency and asset use .so bitcoin is i think the winner between the three of them .

But but but .... The only disadvantage i think of bitcoin is bitcoin dont have a physical form while gold and fiat do have their own offline version . and fiat is still the king when it comes to offline transactions . while gold is still the king when it comes to offline investments

That's why we should stop thinking that Bitcoin will a day replace fiats. It must be considered as an alternative currency.
But the adoption of digital payment methods has exploded in recent years (and it can represent more than 80% for some countries). So what you call a disadvantage can also be an advantage.
Gold is far to be the best offline investment. A lot of people don't even consider it as an investment

shesheboy

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Afaik This question is explained too many times but people still love to debate this .

Quote

Re: Bitcoin vs Gold vs Fiat

Bitcoin and fiat are both currency but gold is not . bitcoin and gold are both an investment asset but fiat is not . by looking at my analysis you can clearly see that bitcoin can work for both currency and asset use .so bitcoin is i think the winner between the three of them .

But but but .... The only disadvantage i think of bitcoin is bitcoin dont have a physical form while gold and fiat do have their own offline version . and fiat is still the king when it comes to offline transactions . while gold is still the king when it comes to offline investments

jak3

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well, your post looks very good and of course, you worked hard on it still this topic does not provide any value to the forum. this topic is already discussed millions of times already for a couple of years where people were just spamming whatever they know about it. I am surprised some people gave you merits though but I don't think this post should get merit ( at least from me). next time just select a good topic for research instead of an easy topic that way your work will be really appreciated.

Goxten

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Quote from: Farma on May 03, 2019, 01:45:43 AM

Quote from: pey on May 01, 2019, 10:45:52 AM

No doubt, GOLD >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>Bitcoin>>>>Fiat

If you think people all over the world would prefer Bitcoin over GOLD, open your eyes and think again. Bitcoin is still nothing but a very technical crypto/internet money. Consider the viewpoint of many average non-techie persons.

all three are assets that many people are currently looking for, and I think gold has always been the third, because so far, I only know that gold is used as an investment tool. however, I might choose Fiat, and Bitcoin for now. when my goal is achieved, I might buy some gold to invest.

Do you know how to buy gold for bitcoin? There are no problems buying with fiat, that's right.
I think it would be better if diversify. Part of the funds stored in gold and bitcoin as an investment, and part - in fiat for current expenses.

Farma

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Quote from: pey on May 01, 2019, 10:45:52 AM

No doubt, GOLD >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>Bitcoin>>>>Fiat

If you think people all over the world would prefer Bitcoin over GOLD, open your eyes and think again. Bitcoin is still nothing but a very technical crypto/internet money. Consider the viewpoint of many average non-techie persons.

all three are assets that many people are currently looking for, and I think gold has always been the third, because so far, I only know that gold is used as an investment tool. however, I might choose Fiat, and Bitcoin for now. when my goal is achieved, I might buy some gold to invest.

CryptoBry

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Quote from: jakelyson on April 09, 2019, 10:42:30 AM

I do not see the point of this post. Yes, you outline some cons and pros, but is that what really matters? For me, what matters is if it has legality and if it is readily accepted by everyone. But for now, those are not yet true in bitcoin.

Bitcoin can still be considered to be very young therefore its adoption is not yet that massive...but hopefully as years go by people and organizations can see its real value and would want to be a part of the Bitcoin bandwagon. There are many obstacles and opportunities as well on the road towards Bitcoin success. I am sure that fiat and gold will still be here to stay but Bitcoin can be moving upwards too. Time is coming when big institutions and even governments would choose to ally with Bitcoin for different grounds and reasons and by that time we can see Bitcoin rise as the best star in the world of finance and international commerce.

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Quote from: n0ne on May 01, 2019, 11:01:50 AM

Quote from: izanagi narukami on May 01, 2019, 08:05:11 AM

Certainly, you can't control bitcoin with fiat because they are different league.
You can compare with gold and yes, it's more advantage for using btc rather than using gold because crypto can be act like fiat + long term invesment like gold.

2 benefit in 1 thing !

Such a access is not possible with fiat, where the value is stable. Even with forex one cannot get a good margin depending on the difference between time. Gold on the other hand gives the trust on the investment, with its years of history and the rare availability and regulated usage. With bitcoin user gets access to use as fiat and the same serves as an investment even when it is on our own wallet.

Every investment has its advantages and disadvantages. For now, Bitcoin has an extraordinary appeal.
Many people benefit greatly when they invest in Bitcoin, so in my opinion Bitcoin investment is far more profitable today.
But it should be remembered that the risk is also much higher. We must do according to our abilities.

MrFreeRoMan

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Quote from: pey on May 01, 2019, 10:45:52 AM

No doubt, GOLD >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>Bitcoin>>>>Fiat

If you think people all over the world would prefer Bitcoin over GOLD, open your eyes and think again. Bitcoin is still nothing but a very technical crypto/internet money. Consider the viewpoint of many average non-techie persons.

Look at this, and you understand...

https://twitter.com/gneffa/status/1123902425495109637

n0ne

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Quote from: izanagi narukami on May 01, 2019, 08:05:11 AM

Certainly, you can't control bitcoin with fiat because they are different league.
You can compare with gold and yes, it's more advantage for using btc rather than using gold because crypto can be act like fiat + long term invesment like gold.

2 benefit in 1 thing !

Such a access is not possible with fiat, where the value is stable. Even with forex one cannot get a good margin depending on the difference between time. Gold on the other hand gives the trust on the investment, with its years of history and the rare availability and regulated usage. With bitcoin user gets access to use as fiat and the same serves as an investment even when it is on our own wallet.

pey

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No doubt, GOLD >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>Bitcoin>>>>Fiat

If you think people all over the world would prefer Bitcoin over GOLD, open your eyes and think again. Bitcoin is still nothing but a very technical crypto/internet money. Consider the viewpoint of many average non-techie persons.

nauane

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Quote from: morrisgonzalez on April 10, 2019, 03:23:22 PM

It's a difficult question that is Bitcoin vs Gold vs Fiat. These things are totally different on their way of uses. Bitcoin is a cryptocurrency on the other side Gold is a natural assets it's produce naturally and last is fiat money or real money. These all things we need for our economics these all are important part of our financial activities. Moreover i think fiat is more important than gold & btc because still we more depends on fiat. If you have fiat then you can buy gold & also btc.

Gold is something which is stable and will always have stable solid value. If you hold gold, you will never be in a loss because Gold demand can never be less. Fiat will end one day and bitcoin will replace it soon. Bit then one day bitcoin will be replaced by some other currency, so you can never hold bitcoin or fiat for indefinite time but gold can be held unlimited with no fear of loss.

izanagi narukami

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Certainly, you can't control bitcoin with fiat because they are different league.
You can compare with gold and yes, it's more advantage for using btc rather than using gold because crypto can be act like fiat + long term invesment like gold.

2 benefit in 1 thing !

Bowly88

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I think you don't need to compare the three because they can coexist, like what is happening in the reality. Maybe one of the reason why bitcoin has many haters is that some compare them which we the first place we don't need to do. Let people know the importance of bitcoin. We don't need to pull others just to push bitcoin up. Let bitcoin's characteristics speak for itself. Yes we can use bitcoin as a form of investment, we can use it in mining, we can even use bitcoin in trading using exchanges like what I am using specifically darb exchange so that we can earn money by trading, we can even use it in online gambling. But, we don't need to tell these things. Let people see it for themselves.

nara1892

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Bitcoin is always better than gold and fiat currencies in many ways
but gold has proven itself inflationless since thousands of years ago, while bitcoin has not been able to prove it, it's just that in the future I'm sure bitcoin will become an inflationless currency

senin

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Of course, between gold, bitcoin and fiat are different and difficult to compare, gold is the most popular type of investment because it can be accepted anywhere even when war and at a stable price compared to bitcoin.

Cryptocurrency can not be compared with gold and even paper money. Cryptocurrency is almost the exact opposite. Each of these financial assets has its strengths and weaknesses. For example, with some global cataclysms, the cryptocurrency may disappear, and its technology may be forgotten forever. Paper money can also lose its value, especially if, for various reasons, the sphere of state influence on society will be redistributed. In this regard, gold wins the most, which in fact is an eternal value for man.

muratsink

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good explanation, do you know the creator of the book "Dad poor Dad" he is Robert Kiyosaki from the USA? he said that the value of fiat will disappear significantly, and will be replaced by BTC and gold.

slowly, BTC will replace fiat. and gold will be an important asset to save value.

Robert said that fiat will get a big accident, that is the equity bubble and the debt bubble.
I added with the crisis bubble.

Robert is a person who supports BTC and gold.

Ucy

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Nice post.
Fiat does not deserve a massive 24 Points though. I think 2-7points should do. The only thing I like about fiat it is the physical aspect that makes censorship from government difficult . Digital Fiat without real censorship resistance and transparency would make things worse for fiat

morrisgonzalez

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It's a difficult question that is Bitcoin vs Gold vs Fiat. These things are totally different on their way of uses. Bitcoin is a cryptocurrency on the other side Gold is a natural assets it's produce naturally and last is fiat money or real money. These all things we need for our economics these all are important part of our financial activities. Moreover i think fiat is more important than gold & btc because still we more depends on fiat. If you have fiat then you can buy gold & also btc.

Topic: Bitcoin vs Gold vs Fiat - page 3. (Read 1058 times)