Both have their own advantages, each with different qualities that may or may not benefit people; gold is a mineral that for years has taken great value to the point of evolving and adapting to the needs and comfort of each individual, on the other hand, bitcoin has not been active for as long, but it has managed to grow. In my opinion, both can be great investment and savings options regardless of their characteristics and duration.
both are valuable in their respective parts. gold even though we do not know the limits but gold continues to be widely used not only for jewelry. but also used in various industries such as building and medicine. also more in other technology industries. also good for savings. and BTC with limited supply also has advantages in the digital world, which makes it easy for anyone to transact across borders. and freedom is felt when transacting in bitcoin. we don't have to worry about limits like in the bank. so gold and bitcoin are two different things. they each have their own advantages. and they are useful in their respective fields. 
Topic: BTC is scarcer than gold. (Read 2074 times)
Both have their own advantages, each with different qualities that may or may not benefit people; gold is a mineral that for years has taken great value to the point of evolving and adapting to the needs and comfort of each individual, on the other hand, bitcoin has not been active for as long, but it has managed to grow. In my opinion, both can be great investment and savings options regardless of their characteristics and duration.
Everything can be. But even if gold is not in such a loss as bitcoin, many regard it as a more stable asset than cryptocurrency. Since the cryptocurrency market either collapses or jumps up, many are wary of this. Whereas gold is flat, and for many, it is a more attractive place to invest.
Comparing gold with Bitcoin always puts Gold in a very bad place. The most heavy argument by defenders of Gold is that it exists thousands of years ago. That's not something small but there is a reality:
1) Nobody knows how much gold (really) there is already mined in the world
2) No one knows how much gold is (really) mined each year in the world
3) No one knows how much gold (really) remains to be mined in the world
The answers to questions 1,2 and 3 for Bitcoin are yes.
Aside from the scarcity issue, which is objectively much better for BTC, Bitcoin is much more easily divisible, transportable, storable, and verifiable.
I don't have any doubt that Bitcoin will overtake gold in market cap in the next few years (not that many..)
Well, good I didn´t even use that argument then. I am not defending gold, I´m saying BTC is worth nothing.
1-2-3 <-- Three empty sentences. The same goes for water, iron ore, oxygen, soil, etc... What a fcking bs argument.
Then the divisible, transportable, storable and verifiable <-- Sigh. So is every piece of digital information.
The market cap <-- Sure, it is possible, BTCs market cap can grow anywhere, until USDT=USD. So it can become higher than the value S&P500. But what does it really mean?
Think about it.
Just imagine when regulation, adoption is in place for Bitcoin and the amount of money in Gold is melt into Bitcoin, I guess that Gold would not even near Bitcoin in terms of comparison anymore.
they're not comparable now. gold and bitcoin are different.
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Comparing gold with Bitcoin always puts Gold in a very bad place.
there's no need to compare them as they are not really the same. gold is a physical store of value. bitcoin is not.
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The most heavy argument by defenders of Gold is that it exists thousands of years ago.
well not only that but we know it will continue to exist for thousands of years in to the future. nothing is going to replace it. you can't say the same thing about bitcoin.
Sometimes when I see this comparison between Gold and Bitcoin, at some point it doesn't make sense to me anymore, because it's just like comparing Cow and goat. However, it's crystal clear that Bitcoin is far more better than Bitcoin even as it's not fully embraced around the world, you could see that in terms of performance , scarcity, from of money, liquid, Mobile, freedom etc ,I can go on and on to mention them.
Just imagine when regulation, adoption is in place for Bitcoin and the amount of money in Gold is melt into Bitcoin, I guess that Gold would not even near Bitcoin in terms of comparison anymore.
Just imagine when regulation, adoption is in place for Bitcoin and the amount of money in Gold is melt into Bitcoin, I guess that Gold would not even near Bitcoin in terms of comparison anymore.
BTC is scarcer than gold. I think one day 1 BTC will enter the $xxx,xxx zone then the $x,xxx,xxx HODL BTC
So is my saliva. And that is NOT where the similarities end.
My saliva is also encrypted with my DNA. You can´t reproduce it, without being me, but you can easily check its authenticity.
Its supply is whatever my salivary glands can produce and that supply also degenerates, as I get older. Until every last bit is produced.
So all these bullsh*t arguments about scarcity... are just empty.
1BTC will enter $x,xxx zone, then $xxx, and then just $x. Until it finally arrives at its fundamental value.
Comparing gold with Bitcoin always puts Gold in a very bad place. The most heavy argument by defenders of Gold is that it exists thousands of years ago. That's not something small but there is a reality:
1) Nobody knows how much gold (really) there is already mined in the world
2) No one knows how much gold is (really) mined each year in the world
3) No one knows how much gold (really) remains to be mined in the world
The answers to questions 1,2 and 3 for Bitcoin are yes.
Aside from the scarcity issue, which is objectively much better for BTC, Bitcoin is much more easily divisible, transportable, storable, and verifiable.
I don't have any doubt that Bitcoin will overtake gold in market cap in the next few years (not that many..)
BTC is scarcer than gold. I think one day 1 BTC will enter the $xxx,xxx zone then the $x,xxx,xxx HODL BTC
So is my saliva. And that is NOT where the similarities end.
My saliva is also encrypted with my DNA. You can´t reproduce it, without being me, but you can easily check its authenticity.
Its supply is whatever my salivary glands can produce and that supply also degenerates, as I get older. Until every last bit is produced.
So all these bullsh*t arguments about scarcity... are just empty.
1BTC will enter $x,xxx zone, then $xxx, and then just $x. Until it finally arrives at its fundamental value.
Frankly, while everyone seems to be comparing gold to BTC, all I’m wondering is why? Both are valuable in their own unique way and gold has been here for years. It can’t be compared. I wish people would understand the difference.
Yeah... between Gold and Bitcoin are two different things. they excel in their respective places. such as gold which excels in physical assets and bitcoin excels in digital assets. and I think bitcoin is more suitable for investment. while gold is more suitable for savings or to maintain the value of assets. because the movement of gold prices that are not too volatile makes it suitable to be used as a guardian of the value of our assets (savings). I myself save in gold. but invest in bitcoin. 
Actually both of them have good value in the investment field, the only difference is that one is real, the other is not real, that's the difference, but if you look at the value of course bitcoin has value, and even then if the price of bitcoin is high, if in this situation, then gold investment is good for us to buy because the value must be very tempting for that person, my only advice is to buy both it is a good and smart decision..
i guess there's a difference between buying gold and owning it sight unseen vs taking delivery of it. one of those is real and the other one you don't really control it similar to not your keys not your crypto. you don't even know if it exists necessarily. owning gold in your own physical possession might have value but to actually sell it could be a bit problematic. where you get "slippage". plus other expenses related to the actual sales process. i'm not sure owning gold is profitable for people that take delivery of it. it's more of a hobby and maybe they can profit over the longterm but even so, it's not guaranteed.
Bitcoin has the same problem, when selling bitcoin you will also have some slippage problems. Bitcoin is highly volatile so selling during bear season carries the risk of big losses, as the price is currently down over 60% from ATH, not to mention selling bitcoin you will be in trouble if bitcoin is illegal where you live. Gold may not be as profitable as bitcoin but its value will certainly be more stable than bitcoin.
It is not necessary to compare which type is better than the other, each type has its own function of use and depends on the intended use of each person. Why not invest in both for safety but focus on only 1.
Gold is able to hold selling prices in a stable quarter, we rarely find gold experiencing a decline in buying and selling prices, even though the dollar has decreased.
But it is clear, that Gold and Bitcoin are different, for now I prefer bitcoin
But it is clear, that Gold and Bitcoin are different, for now I prefer bitcoin
Gold is definitely a good choice for those looking into long-term stability without feeling the negative effects of inflation. You won't earn that much by holding Gold long-term, but you'll be able to retain your purchasing power for years on end. It's the perfect store of value in times of need. Bitcoin may not be stable, but its constant fluctuations in price (volatility) makes it a good choice to grow your profits in the short term. If you know how to play your cards right, you could simply buy Bitcoin at a low price and sell it at a higher price for complete peace of mind. Then you can use the profits to buy Gold and secure your financial future.
Undeniably, Bitcoin is much scarcer than Gold with a fixed supply of no more than 21 million coins. Which asset/commodity you'd choose would depend on your daily needs. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. Just my thoughts
Yes, of course. Because gold will always be valuable, and this has been going on for thousands of years. But bitcoin is only a 10-year-old project and it is unclear how many more years it will live. So of course it's scarier.
well and that's the thing. gold would be valuable if all the computers in the world stopped working and the internet stopped existing. because guess what, they never used to have computers or internet a hundred years ago and yet gold was a thing of value. bitcoin can't be compared to gold in that sense because it relies on a continuously operating infrastructure if that infrastructure goes away then so does your bitcoin and any perceived value it had. but we all understand that. so if someone is going to say "BTC is scarcer than gold" I highly recommend they put a big asterisk next to it.
Yes, of course. Because gold will always be valuable, and this has been going on for thousands of years. But bitcoin is only a 10-year-old project and it is unclear how many more years it will live. So of course it's scarier.
after I think it's also true that bitcoin is only 10 years old, we don't know in the future whether it will last as long as real gold
but right now I'm just following the flow of investing both if I can afford not in large quantities the important thing is to have btc to invest and declare that I've known and have experienced the benefits of investing in btc
Yes, of course. Because gold will always be valuable, and this has been going on for thousands of years. But bitcoin is only a 10-year-old project and it is unclear how many more years it will live. So of course it's scarier.
Frankly, while everyone seems to be comparing gold to BTC, all I’m wondering is why? Both are valuable in their own unique way and gold has been here for years. It can’t be compared. I wish people would understand the difference.
Actually both of them have good value in the investment field, the only difference is that one is real, the other is not real, that's the difference, but if you look at the value of course bitcoin has value, and even then if the price of bitcoin is high, if in this situation, then gold investment is good for us to buy because the value must be very tempting for that person, my only advice is to buy both it is a good and smart decision..
i guess there's a difference between buying gold and owning it sight unseen vs taking delivery of it. one of those is real and the other one you don't really control it similar to not your keys not your crypto. you don't even know if it exists necessarily. owning gold in your own physical possession might have value but to actually sell it could be a bit problematic. where you get "slippage". plus other expenses related to the actual sales process. i'm not sure owning gold is profitable for people that take delivery of it. it's more of a hobby and maybe they can profit over the longterm but even so, it's not guaranteed.
You said the truth but for long term Bitcoin is much profitable than gold. But if you say the volatility of Bitcoin then holding Gold is much safe than holding Bitcoin. Because the price of gold doesn't move like Bitcoin.So we should buy and hold Bitcoin in the bear market to make the highest profit.
Actually both of them have good value in the investment field, the only difference is that one is real, the other is not real, that's the difference, but if you look at the value of course bitcoin has value, and even then if the price of bitcoin is high, if in this situation, then gold investment is good for us to buy because the value must be very tempting for that person, my only advice is to buy both it is a good and smart decision..
You said the truth but for long term Bitcoin is much profitable than gold. But if you say the volatility of Bitcoin then holding Gold is much safe than holding Bitcoin. Because the price of gold doesn't move like Bitcoin.So we should buy and hold Bitcoin in the bear market to make the highest profit.
244,000 metric tons of gold has been discovered to date, 55,000 tons of gold are left.
I was made to understand that there are over 10 gold mining/producing countries of the world namely, China, Australia, United States of America, Russia, South Africa, Peru, Ghana and Canada, which sum up to the total of 244,000 metric tons of gold which have been discovered, of which 187,000 metric tons historically produced and 57,000 metric tons gotten and not 55,000 tons left, because there are still more golds left underneath the earth surface yet to be discovered, as you can see in the image below from Good search.So that was a false statement so please kindly take correction. Thanks
Image source: Google search
Yes bitcoin is more scarce than gold. That's a true statement! But if you look at the acceptability of Gold and bitcoin, gold is a clear winner. Scarcity alone doesn't make something costlier. It has be adopted and accepted widely. That's how you can bet on its future value.
Bitcoin is a very new asset class compared to gold. It has a long way to go! So instead of drawing a comparison between these two assets, let's help in bitcoin adoption.
Bitcoin is a very new asset class compared to gold. It has a long way to go! So instead of drawing a comparison between these two assets, let's help in bitcoin adoption.
Apart from government backing of gold but not bitcoin, there are other things too. Since 1800, the innovation of technology has touched on in every area except the form of "currencies", but now it's evolved and has come with the name of crypto-currencies. It's a matter of time to get used to it.
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