Topic: Explain (Read 1880 times)

Bitcoin is a digital currency while gold is a natural resource.I prefer btc against gold because of volatility and trading oppurtunities.

I think bitcoin is better than gold nowadays and to the future because bitcoin is still increasing and best in investment. Because the value of bitcoin is much better than gold. Bitcoin is better in investment, trading and also mining, its become better than gold. You just trust in bitcoin than gold because of its advantages and benefits gives to the people. Bitcoin gives people more opportunity than gold, and bitcoin is an international currency that you can use it anywhere.

Hey

Well its preety hard to make a Choice but for sure both have their own merits and demerits.
Gold is something that is stable where as Bitcoins are something whose value keeps on fluctuating thus we can't be sure of its future value.
Bitcoins are not acceptable by every government across the world where as gold can never be banned in a country as long as women inhabit it
Bitcoins can be banned in the duture, gold would never be it is continued to be in use since time immemorial .
Bitcoins can give you high end profit suddenly! Or by waiting a little and you can even earn then back by trading and minning and you can also join signature campaigns and earn a little for yourself but there is no such thing with gold thus its a little weird to decide about which one is best and which one is not.
Lets make it a tie

They are not so different commodities at their main concept. Both are mined, both are used as a mean of exchange, both can be stored and both have great value. But, BTC has not reached the mining limits as gold has and that is the first point of difference. Also, gold is not that accessible from everyone like BTC is, but in all those years gold exists it has been accessed and used by more people than those that use now BTC. For me that is the only reason i would choose BTC over gold. Even now bitcoin is quite a virgin territory and has more potential.

They differs also on how the two use in the market. But they have its own properties and important role.

Bitcoin is better than gold because that gold cannot used in the market trading  it is only deposit in the bank,not like bitcoin it can used in any other  kind of transaction.there is advantage of bitcoin than in gold because you cannot bring gold in the market its risky in your life.while in bitcoin you can transact billing exchange of money  through internet,with safety.

Bitcoin I think is better in gold in some retrospect only as nothing can ever beat the meaning and value of gold. There is only so much that hold can do however it cannot grow on its own and goldcant be passed on electronically anytime and anywhere.

For my own opinion, bitcoin is better than gold. It is because it is easier for me to mine bitcoin and earn it rather than gold. But if in terms of its price or value, i think gold is better than bitcoin. Bitcoin has an unstable price that it may go higher or even lower.

First, I must categorically say that gold is gold and Bitcoin is not meant to replace gold as the real safe haven though many right now are comparing or saying that Bitcoin is the new digital gold. Well, both have good value right now and while gold has been there for time immemorial there is a great excitement right now in Bitcoin because it shoot in the race for value so fast while still being a relatively new.

Personally, I think Bitcoin and gold are different assets so it would not be good to say that one is more valuable than the other though in price Bitcoin has already overtaken gold. Gold is not under the heavy scrutiny and no one can say that gold is dead. Right now, Bitcoin is under heavy attacks from people who are disrupted by it but I am sure that eventually Bitcoin will win.

Both gold and Bitcoin are good, both are profitable investments. But compared to the present, I think Bitcoin is a bit better, although its value is decreasing but still prevailing. In terms of value, it is clear that Bitcoin has surpassed gold, not only that, but it can also increase in the future, something that attracts many investors. The recent gold seems to be wobbly. Bitcoin also features superior features, a modern blockchain platform, and optimized transaction execution. However, both are very good investments, worth the attention of many investor

,as you can see there no common traits in bitcoin and gold aside from both are investments. you don't need to compare both of them they have different characteristics and purposes, there is no greater or more advantage between them, if you have both then it is better opportunity for your future.

For me bitcoin is better than gold because bitcoin is easy to send and to receive but a gold is harder to find and not easy to send to someone if we want to give it to another person who`s special for us.

Bitcoin is a digital money, so it easy to use as means of payment in around the world but gold is difficult one to use, usually  in online shopping that we need a digital currency for easy to buy something.

It's Not.

Gold has held value for thousands of years. Bitcoin for less then 10.

But that is exactly my point, gold has only a limited supply if humans are unable to conquer space and that could very well become a reality in the next century, if the humans conquer space then the only scarcity we will ever know will be the one created artificially by us, that is why bitcoin is such a great invention.

With prices that make people stunned from year to year, he was ranked the top investment in comparison with gold.Many people turn to bitcoin trading rather than gold Even people who trade forex switch to crypto market. sure Is better than gold .

yes no doubt that bitcoin is better than gold because now bitcoin is at peak and the prices of the bitcoin is growing faster but gold has the same price it cannot change the price till the government do not announce but the price of the bitcoin increases with the number of people joining bitcoin forum and bitcoin is a secure currency while on other hand gold is not so much secured and safe to keep along with us.

Why should we compare things that are not common in any ways? Bitcoin is not gold and also gold is not bitcoin. Whatever happened each of this have their advantages and disadvantages? Bitcoin is sometimes much better than gold and gold is sometimes much better than bitcoin. Gold can only be created after million years. Bitcoin is a digital currency that only exist in the internet but gold is a solid thing. Let’s us not make a judgement between the two.

Yes, both has its own advantages and disadvantages. They are both essential in our world today but in my own opinion, I still choose gold. Why? Because gold is tangible. I am more safe if my treasures are can be touched and can be an ornament.

Well because I believe that bitcoin is better in terms of a long term investment than gold. Even if the price of bitcoin is much more volatile than gold. We all know that gold has a much more stable price than bitcoin right? But setting aside bitcoin's volatility, investing in bitcoin for the long run will have a huge difference in the price than gold because the importance of bitcoin will continuously grow over time as commerce become more digitized.

Bitcoin is better than gold, because after you earn bitcoin you got knowledge and you learn from the different post here in forums. Bitxoin is important to me this is not just giving me knowledge but also it gives me the good benefits that i wanted to.

Both has different advantages but I choose bitcoin as this is volatile which anyone can earn profit. A digital currency which easy to avail and to access while gold is rare. Thus, bitcoin is on top from me were we can I have it anytime and anywhere.

Bitcoin and gold has their own uniqueness that makes people patronize them. They have their advantage but not in the same way. But if we talk today's generation I think bitcoin is better than gold because as we observed only those people who didn't know bitcoin will be interested with the gold but if bitcoin will be known globally. We're also in a digital world which means everything will be high -tech and bitcoin will become usable as a digital money for online investing and online shopping.

Bitcoin has been beating gold by a big margin so far this year. It is getting popular among investors. Indeed gold has ornamental and metal advantage. But Bitcoin too has its advantages. It can be used as a convenient medium of payments, though for a limited number of transactions, a function gold is missing. Second, the Bitcoin supply is expected to be limited to 21 million. The supply of gold, on the other hand, is expected to increase anytime its price rises, as it provides an incentive for gold miners to mine for gold.

They both have their advantages. But for now Bitcoin is outperforming gold in investment asset.

Surely bitcoin better than gold as it is more profitable. The volatility of the bitcoin prove its potential to yield more output and that's the overriding reason which makes it superior than gold. Gold is stable but bitcoin market is remarkably growing, furthermore bitcoin is a decentralized currency which proves it more prominent than gold and will give significant returns time to time.

It's just most people in this thread who are just comparing values and therefore coming to the conclusion that Bitcoin is better.

I don't think it's that simple and I'm more sided towards gold being a bit better do to it's real world applications as conductor etc. I'm sure it could be replaced my some other metal, but you would lose conductivity, I think.

Bitcoin also has enough real-world applications, but atm nothing that the world really needs to keep functioning.

I think we should not compare bitcoin to gold. Bitcoin will never become gold, and gold will never become bitcoin. These two are very different. We can earn bitcoin in many ways. Trading, campaigns, mining, gambling, etc. We can only have gold if there are miners that find a gold then they sell it. There are no campaign that give gold in return for all participants. There is no gambling that will also make gold as a price. Another thing, we cannot literally hold bitcoin in our hand. Bitcoin is a digital currency that changes its price.

It looks like I've ever seen the same thread. Compare bitcoin with gold. I do not know how to compare two different things. But behind it gold is more likely to be priced stable Compared with bitcoin

For me i want to choose bitcoin if you know how to handle about earning money for bitcoin is easy to you. If you choice gold so many things you need materials to find the gold you know that is hard get.

One simple reason to favour bitcoin above gold. Gold can be premined promises to pay.

Bitcoin cannot be made into a scheme of selling something that you do not posses. Either you are on a blockchain by someone giving you tokens on a transaction, or you do not have bitcoins. Well... unless you are a miner that is, but miner owned btcs are in a fixed number.

That is why the gold price has been kept low, because of selling the unexistant gold. On the other hand bitcoin price is not so easy to downgrade.

But at least you can physically hold gold. And it has usefulness out side of being valuable. You need it for electronics and art, and all gasoline engines need a little bit of gold to be efficient.

Bitcoin is just information. You can't hold it, and it's not useful for anything outside being a store of value. And you can scam someone with bitcoin just as easy as you can scam someone with  precious metals. Just look at the Scam section of the forum

I think you shouldn't compare gold and bitcoin because they completely different from each other gold is physical bitcoin is digital although they are both considered as investments and also in terms of price bitcoin beats but when it comes stabilization and market capitalization gold beats bitcoin. bitcoin has a long way to go to beat gold.

Gold has limited in supply too. unlike in bitcoin we can't determine exact supply of gold in earth but we all know in earth everything is limited.

One simple reason to favour bitcoin above gold. Gold can be premined promises to pay.

Bitcoin cannot be made into a scheme of selling something that you do not posses. Either you are on a blockchain by someone giving you tokens on a transaction, or you do not have bitcoins. Well... unless you are a miner that is, but miner owned btcs are in a fixed number.

That is why the gold price has been kept low, because of selling the unexistant gold. On the other hand bitcoin price is not so easy to downgrade.

Nobody really has any idea how much gold there is.

We have a good estimate, but a lot of it was supposedly melted down at some point and used in electronics and other stuff related to that.

It is said that Fort Knox doesn't really have that gold there any more and it is a lie.

History mentions. Gold is an investment tool that is loved by everyone. So if you say gold bitcoin better than gold. I would agree if I say bitcoin and gold to be an option for an investment that many people love. Both of which are a great entity in the investment world. Why I say so. Because bitcoin is just a virtual currency and is not shaped. While gold is a precious metal in the shape of a physical. So even though bitcoin is higher the price. But I think there are still many people who want to invest with gold. This is long before the virtual currency is used for investment. But gold first people know for investment

Bitcoin has limited supply unlike gold, the supply of gold keeps increasing every single day, while you could say the same of bitcoin thanks to the bitcoin miners, we know that the supply is limited to 21 million coins but we do not know what will be the the final supply of gold and if space mining ever becomes a reality the supply of gold is virtually limitless.

It is not better. Both are different and both serve their purpose. Gold is something you can put in your pocket and pay all around the world, no matter where you are. Bitcoin is something you can send around the world without any borders.

The more bitcoin known my people, the more bitcoin will have pressure on gold. We should stop comparing them, this is right. But we can't act like we don't see bitcoin's rise against stock shares and other commodities.

Gold should not be compared with Bitcoin anymore, Because gold has been already created a acceptable filed of saving and investment. Bitcoin is going to be as like as gold. So Bitcoin has to go long way to overcome gold..but in terms of profit Bitcoin is a better position than gold.

Both have pros and cons over each other. blatantly calling anyone of them better without examining the situation is kinda stupid.
to get more insight into the topic read a thread in the same section. Stompix already pointed that out and linked it in his reply.

Both have their pros and cons. For example, Bitcoin cannot be used as easily if the internet goes down, electricity outage, government rejection (they could shut it down), etc.

Gold however can't be easily divided like Bitcoin so you can't use it to pay exact amounts down to the penny whereas Bitcoin obviously can be.

you people absolutely right and well discussed...
I also believe that those reasons are the main criteria for becoming a popular platform than Gold. basically, Bitcoin has some a special feature about security and transaction. not only that, Bitcoin also providing huge value or price rather than gold.

There is a thread with more than 400 pages that has been running for more than 3 years , why did you open a new one?

https://bitcointalksearch.org/topic/bitcoin-or-gold-508270

*They can't track my bitcoin trade.
*They can't watch my bitcoin transactions.
*They can't steal my bitcoin physically from my house.
*I don't need banks to put my bitcoin in safe. We use electronic wallets.

Very easy why bitcoin has supremacy over gold and other metals.

I do not think that bitcoin is better than gold, we do not have any basis to assert it, people are just discussing it by value, that is one-sided evaluation. I like the general look and clarity when I compare anything.

Because of the volatility of bitcoin it surpasses the value of Gold, and aside from that many of the traders in bitcoin industry
got their earnings into bitcoin because of that matters. While gold is too slow to increase the price unlike in  bitcoin was very aggressive so much.

I wouldn't say it's exactly better. they already have a lot of difference. Bitcoins no doubt see more price movement than gold, that alone should attract risk-takers. Now if you are talking about supply, bitcoin could definitely be rarer than gold since the maximum amount is predetermined and there are plenty of lost satoshis from unclaimed faucets anyway.

Gold seem more stable to me though. If you can afford its maintenance, you can leave it and come back a century later and it would still be gold.

Bitcoin is in many ways different compared to gold. First, gold is tangible as bitcoin is not. It would then differ as to how one is better than the other, depending on what terms. People however would tend to rely and have more trust on gold because it is stable as compared to Bitcoin. As regards to their use, I think Bitcoin is better because of its convenience and accessibility.

Bitcoin is really easy to trade when it comes of profit maybe gold are stable but most of us who already knew about bitcoin we area going to buy bitcoin because it is really expensive than gold you can make profit here without working hard or meeting someone to buy your bitcoins Bitcoin also can send to any other country in a second you can also withdraw it within 5 minutes.

Oh this again.
Time.
Look at how much gold had spent in this world than bitcoin
Physical features.
Gold have it which bitcoin doesnt. (Paper wallet not included)
Bitcoin have its specialty which gold doesnt. It is easy to send which is online that is much used now unlike gold which needs trucks if you will send a lot
Tax also. Dont need to explain that. I am sure you are a taxpayer.

I do not think that bitcoin is better than gold, gold is a precious metal on earth, it is all recognized, it never loses value. Conversely, bitcoin is just a virtual currency, its value is not fixed, however, it can help people make a profit, so, it is used by many people.

Okay let me explain it in different way as the answers are pretty much the same from fellow users. The gold forms an element of the earth which is being "mined since the dark times". It formed the precious element due to its lucrative properties and attractive nature. Then it gotten a value of prestige in the royal family and the characters of which descended down to light ages. The gold became popular in middle class who were able to afford it and they all started the gold rush. This metal then got attracted by science. Various experiments started heading up in the field and different ways of artificial reaction started taking place. But due to unimaginable forces of atoms the element was not worth creating in the laboratory.

This story just adde the value to gold by thousands of dollars until now. Then the modern world gotten it listed over stock exchange because it is more valuable than anything in the periodic table.

Letter on, a guy with information technology knowledge and problem solving capabilities comes into effect and one day he develops an idea of doing transactions by using smart mathematical formulas and making it most secure decentralised system. That man gave birth to blockchain technology and created satoshi units to measure the transitional data bits. Today the value of that bit become so much that it got listed on stock exchange as well. The whole idea got people's attention and now they started mining the bitcoin in modern world.

Do you see any difference in them? I would say a biggest difference. Bitcoin is not in the periodic table but gold is. The only similarity is both are mined!!

I hope that make sense now why both of them must not be compared.

It depends on how you value. If in terms of popularity, of course gold is still very far above the bitcoin, because gold is known since the time of our ancestors and until now, still used by the lower class to the top, even those who have low and high education know what gold, bitcoin is known only by few people. if viewed from the price, finally in this year bitcoin can go beyond gold, even already far past it. If viewed from investment opportunities, I think it's the same nature, depending on how to manage our own investment, the difference is, bitcoin price jump is very high compared to gold, therefore, some people choose bitcoin than gold.

It would be very hard to compare this two items as they exist on different fields. One exist in a digital plane where you can see its imprint and be able to program it while one is in the physical where it can be easily sold and can be hidden and even if the technology shits down can still have value. That I think is its sole difference.

the gold is the gold, a bitcoin is a bitcoin - its a different worlds. If sometimes economists will go away from the real gold, the chemists and jewelerist will not go far throw hims. it is a physical and real unit

I believe the same thing...comparing gold to Bitcoin or vice versa is not doing justice to both. Gold has been called as the safe haven for many reasons and number one on the list is that is is very stable and not volatile which characterize Bitcoin. They both have different uses...gold is used to backed fiat currencies and while Bitcoin is not. When Bitcoin is getting popular it does not mean that gold's value is diminished somehow. Gold has many uses which Bitcoin can not replaced and of course, same is true vice versa. 

These two are things that shouldn't be compared as they just aren't the same thing, for one Gold is a commodity it's something that people buy for short or long term investment opportunities and that's really all the usage it has (besides the usage it has in electronics but we're going to leave that out) Bitcoin on the otherhand is a currency, it's accepted by people for goods and services and even if this is a small community that accepts it, the community is still present.

Bitcoin can be used for investments, and is used but that's not the main purpose of it in the least. Pretty much just like Gold should be used for investments.

So, neither is better.

other users that have btc on their wallet will convert them as soon as possible so that their account to be safe. But, there are other also wait the rise of the btc price before converting it. While their money in the bank or their gold,.. Money by the way will considered as gold. They keep on saving specially on their trusted banks. But yes btc will be useful in purchasing online services so it needs to manage the use of the two btc and gold (money). They have common in use but they differ in where and how it is transact.

Imho bitcoin is still underpriced and all opportunities are not yet uncovered. Untill that time  BTC still gona be a risky instrument of investment. When people invest in gold they usually want to save their money (for example from inflation) but when they invest into crypto they expect to get some income for the risk they take holding it.

You should have written this exact question as the thread's title. It's really stupid to have a thread where you have to open the whole thing before you even know what's the topic all about. The topic title is there for a reason OP, please learn it.

Also, this topic has been heavily discussed in previous threads before. No point it creating another thread about it.

actually,it's different between Bitcoin and Gold.
althought both of them are yellow but they're different,
Bitcoin is cryptocurreny that mean a 'Currency'
and Gold is a shining item(some people called it jewelry).

other than that,both of them have different function,
Bitcoin used as a payment point for people,
and Gold used as a decoration for human.

for us,Bitcoin is more useful because it can be used as a payment point,
which means every people can buy and sell their items for Bitcoin and then Bitcoin can be exchanged into real cash/fiat.
how about gold ? it's an assets,that's it.(actually i don't know what is other function for gold except :decoration)

Bitcoin in future will be far more better than gold in so many ways. Gold features are in it value and for now bitcoin value is two time high than that of gold. With many hard fork issue the whole bitcoin and crytocurrency are having there value keep increasing and to me value is what matters not the items or services itself!

Not everyone here think so. That was the first thing. The second is I think the mass of the forum's participant think that gold and bitcoin can only to be compared as the saurse of investment, but every individual has to decide for himself which investment is better (normal decidion is to chose both). I suppose only crazy bitcoin fans will say you that bitcoin is better than gold, cause of they are a little bit addicted of such raising of the price and all perspectives that bitcoin could give, being modern saurce of money making.

This question has already been asked a lot of times in the forum and the answer is the very same from everyone just with different ways of putting it. They are completely different things and they are not meant to be compared. Bitcoin is a digital currency while gold is a natural resource, though people use both of them for investments but that doesn't make them to be in the same lane. Gold has its own merits and demerits and bitcoin has its own, but they are not comparable i guess.

I think there is advantages for both Bitcoin and Gold in different ways, bitcoin is must more easier to use as an currency to send money to each other online, and bitcoins is much more easier to store without the need to purchase a safe deposit box.

Gold is a precious metal that are being recognized worldwide with a high value, and the ability to touch and see the gold makes some investors feels much more safer than owning bitcoins, as some people are not tech savvy and are worried about their bitcoin wallets getting hack and steal by hackers, so this group of people would normally invest in gold.

Actually they are totally different.
GOLD is safe heaven for investors. If they are economic problems in USA or EU gold will rise
But bitcoin is totally demand related.
So you are comparing apples and oranges.

When you compare such distinct items, there should be some basis to make comparison. As among gold and Bitcoin, most obvious basis is 'item of investment'. No doubt, Bitcoin is much better than Gold, why. Pretty simple! Everyone salute the rising sun and currently Bitcoin is rising one. Why would one be interested in getting 10-15% per ounce in a year when he is getting 300% return on Bitcoin. Moreover, it is much more safer to keep as compared to gold.

Silly, I think we should not compare different products that have no substance in common. Bitcoin is digital currency, it is completely different from gold. Gold is a valuable substance in human society, comparable in no way.

A key advantage of bitcoin over gold is that the supply is transparent, this eliminates fear of the typical inflationary pressure. Bitcoin is also highly divisible and secure. Transactions in bitcoin is of course much easier than gold.

What do you believe bitcoin is better than gold, explain?