Bitcoin is much better than gold.The benefits of Bitcoin are high. But the benefit of gold is less. You can't expect double profit from gold but you can expect double profit from bitcoin.But one should not invest in Bitcoin by selling gold or jewelry. You spend your extra money on Bitcoin investments, which you are unlikely to be poor if lost. There are risks involved in investing in bitcoins, so be careful when investing in bitcoins. Gold does not bring double profit but it has no risk. Your point about risk is very reasonable, if the context of this risk is monetary value, then gold must be very safe, because the price is more stable and less volatile.
The market of gold is also full of risks, it is just that you do not hear about them as often compared to the risks of this market, one of them is that there is a lot of fake gold being sold as the genuine thing, and unless you have the experience and the necessary equipment to tell apart the real gold from the fake gold then it is very likely that you are going to get scammed, also if you try to buy gold on a physical store you should not be surprised if the owner immediately tries to move you away from buying gold coins to collector coins, and unless you are an expert on that field then you will lose a massive amount of money as well. 
Topic: Hold Bitcoin VS Hold Gold - page 6. (Read 1052 times)
If I had a large amount of money, I would choose both. Because gold is a stable and safe investment channel. Although the profit is small, gold never stops being active in the market. Bitcoin is a speculative asset with great returns. It is because of its volatility that many people come to it, myself included. So I will allocate 40–60 percents of gold and bitcoin. Since I prefer bitcoin anyway, gold is just a backup. That is my opinion, and everyone will have different views around the issue between these two assets.
Bitcoin is much better than gold.The benefits of Bitcoin are high. But the benefit of gold is less. You can't expect double profit from gold but you can expect double profit from bitcoin.But one should not invest in Bitcoin by selling gold or jewelry. You spend your extra money on Bitcoin investments, which you are unlikely to be poor if lost. There are risks involved in investing in bitcoins, so be careful when investing in bitcoins. Gold does not bring double profit but it has no risk. Your point about risk is very reasonable, if the context of this risk is monetary value, then gold must be very safe, because the price is more stable and less volatile.
When comparing Bitcoin and gold as investment possibilities it is crucial to keep in mind that they both have unique qualities and advantages. Bitcoin carries significant dangers in addition to the potential for better returns and the capacity to double gains. Instead of selling off gold or pricey jewellery it is advised to invest in Bitcoin with additional cash that one can afford to lose. Investments in bitcoin require careful thought and understanding of the hazards involved. The stability and lesser volatility of gold on the other hand have historically been thought to make it a safer investment. Gold is frequently regarded as a more secure investment despite the fact that it may not have the same potential for doubling gains. Individual investors must ultimately balance the benefits and hazards of both Bitcoin and gold in order to make decisions that are in line with their financial objectives and risk tolerance. 
Bitcoin is much better than gold.The benefits of Bitcoin are high. But the benefit of gold is less.
I'm not sure you can explain why bitcoin is better than gold than just comparing the two in terms of value and the potential profit you get. Bitcoin is a non-physical investment asset and also a means of payment, but bitcoin users must comply with the laws that apply in certain jurisdictions because the legality of bitcoin still varies from country to country.Gold is useful anywhere even without the need for internet and electricity, but you may have trouble using bitcoins when you are not connected to the internet, especially if you don't have the skills to use them in other ways. In some places bitcoin is still useless especially if there is no internet, meanwhile gold has a real function as a means of payment that has been used for centuries.
But one should not invest in Bitcoin by selling gold or jewelry.
That's the opposite of what you said before. Should if bitcoin really is better than gold, then holding gold long term doesn't make sense. You said one shouldn't sell their gold to invest in bitcoin because of the risk, so gold is much better than bitcoin in terms of the risk involved.
Bitcoin is much better than gold.The benefits of Bitcoin are high. But the benefit of gold is less. You can't expect double profit from gold but you can expect double profit from bitcoin.But one should not invest in Bitcoin by selling gold or jewelry. You spend your extra money on Bitcoin investments, which you are unlikely to be poor if lost. There are risks involved in investing in bitcoins, so be careful when investing in bitcoins. Gold does not bring double profit but it has no risk. Your point about risk is very reasonable, if the context of this risk is monetary value, then gold must be very safe, because the price is more stable and less volatile.
It is hardly anyone hears in the news how gold needs to be this or that for the market to stay relevant. It is always going to remain one of the top most advised asset to hold. The market seems to always be steady and potential for gains always arise.
For Bitcoin, although it is also almost steady to hold, the gain margin is slim, compared to gold.
Regulators want a share of what Bitcoin worth, the price keep surging and almost only those who were first customers has remained to enjoy value for their coins.
I would hold both if I have them. They promise good returns as the future has need of them.
For Bitcoin, although it is also almost steady to hold, the gain margin is slim, compared to gold.
Regulators want a share of what Bitcoin worth, the price keep surging and almost only those who were first customers has remained to enjoy value for their coins.
I would hold both if I have them. They promise good returns as the future has need of them.
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The fourth is environmental issue. Well, environmental issues are becoming an important issue in the 21st century. Many parties (included some companies or firms) are vying to reduce their carbon footprint. For example, China has a carbon-free target by 2060. Mining gold from deep within the earth has a tremendous impact on the environment. And this is irreversible damage, while Bitcoin when compared to gold is more environmentally friendly, Because Bitcoin can be mined using renewable energy or cheaper energy. Bitcoin mining does not permanently damage the environment. In fact, there is no damage at all to Bitcoin mining activities. Because it happens on a computer network.
Glad you weren't brainwashed about the Bitcoin being environmentally harmful to society. I hope you know very well that Elon decide to sell some part of his Bitcoin because of the environmental concern, he used that excuse to dump Bitcoin on investors but they will never say the bad side of Gold because it will damage their wealth and fooling ordinary people will become something difficult to do.
We are investing in us for our benefit, there is no reason to listen to someone and miss our chance. You have a point, if we compare bitcoin mining with gold mining and production, I believe gold mining will be more expensive, consume more energy, and cause more problems and environmental instability. Mining, digging deep underground in search of minerals and resources is also considered to cause great harm to our living environment, but they have never talked about it.
Gold is indeed a very good asset and has been recognized through thousands of years of history, it will always be the choice of some people, especially the older generations, who prefer safety. And if you ask anyone on this forum, 100% will definitely choose bitcoin because all are willing to take risks to have a lot of money, and bitcoin is what they have been looking for all this time.
Both have pros and cons and are used in different situations, so we see no need to compare. Depending on each person's taste, we should choose assets to invest accordingly. Just because we don't invest in gold doesn't mean it's not good, and vice versa.
Yes I agree on how to depend on each taste in judging and taking.Both have pros and cons and are used in different situations, so we see no need to compare. Depending on each person's taste, we should choose assets to invest accordingly. Just because we don't invest in gold doesn't mean it's not good, and vice versa.
Gold is the safest thing to invest, but the benefits are relatively long, it takes years to count to find a high exchange rate in gold itself, although every year consistently finds an increase but it is not much.
Unlike the case with Bitcoin that can give you a fairly high profit especially if you hold it ten years ago, you have become a billionaire at this time, and I think that is an interesting fact that we can see.
The comparison must be there, I also used to compare all assets before I entered as an investor, the pros and cons is common, so I think it is not a problem, the problem of alignments is the problem of that person, because the decision exists in each of them as well.
But if you think both are positive and you can use both of them to make a profit, why not invest in both, to cover the shortcomings that exist in these two special assets.
In this topic I will tell you about two camps; people who like Bitcoin and people who like Gold. So, Hold Bitcoin or Hold Gold ?. We will see from several aspects; Historical, Creator, Supply, Environmental Issue, and Monetary Function.
I hope you know that if tables were turned around and they allowed everyone to start over again for BTC to be priced at $10 and Gold to be back to its starting price, I hope you know for real that people who got Gold in their early life wouldn't pick gold but will go for Bitcoin. The reason why you see these men shout and discredit Bitcoin is that they didn't have it cheap when the price was low, and they fear new billionaires will take over the streets, but never will Bitcoin holders pick gold over Bitcoin.
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The fourth is environmental issue. Well, environmental issues are becoming an important issue in the 21st century. Many parties (included some companies or firms) are vying to reduce their carbon footprint. For example, China has a carbon-free target by 2060. Mining gold from deep within the earth has a tremendous impact on the environment. And this is irreversible damage, while Bitcoin when compared to gold is more environmentally friendly, Because Bitcoin can be mined using renewable energy or cheaper energy. Bitcoin mining does not permanently damage the environment. In fact, there is no damage at all to Bitcoin mining activities. Because it happens on a computer network.
Glad you weren't brainwashed about the Bitcoin being environmentally harmful to society. I hope you know very well that Elon decide to sell some part of his Bitcoin because of the environmental concern, he used that excuse to dump Bitcoin on investors but they will never say the bad side of Gold because it will damage their wealth and fooling ordinary people will become something difficult to do.
Bitcoins and Gold are both good to hold, and if you can hold both of them, you should without completely choosing one over the other. It does not always have to be a choice, if you can afford to, having some gold and having some more bitcoins is a better choice.
You can safely, closely and easily keep your bitcoins. If it must be a choice between the two and where you must choose, bitcoins should be the choice.
You can safely, closely and easily keep your bitcoins. If it must be a choice between the two and where you must choose, bitcoins should be the choice.
It depends on the state of the place where you live because if you are constantly moving from place to place, it's not recommended to hold Gold because you might have a hard time storing it, and it might going to be lost from you. And when you are not like that, and you are staying in a place for long, you can have gold as recommended to hold as an asset, and also you can have bitcoins as well to diversify your wealth, and by that, you will have double amount of income by the time the price of those two assets will increase in the future just like hitting two birds with one stone.
Both are risky, gold is difficult to store as well as to move. As for bitcoin, although it offers high returns and convenient storage, the future is more uncertain and unsafe than gold. So we should diversify and should invest in both. But I like risk and can accept risk, so I will prefer to invest in bitcoin over gold, and I hope like others can make big profits from bitcoin.
Simple; if you're more into secured asset then choose gold but if you're okay with higher risk but with higher returns, then Bitcoin would be a good choice either. Depends on your vision as an investor. Not all people are capable of tolerating the market price behavior in crypto industry. Not to mention that cryptos are not widely accepted as a currency to many countries unlike with Gold which is recognized for years or decades. So is it either high risk and high reward or the other way around.
OP, what is your reason for investing in bitcoin? Is it because you want high returns, get rich quickly, and because investing in other assets won't yield big and fast returns like bitcoin? I and everyone else are here for the same reason. So when you compare gold vs bitcoin on the bitcoin forum is not appropriate, and you will not get any fair answer. We are all bitcoin investors.
There are investors of this industry who are also investors of stock market and gold, so I think it is just fine to ask. But that's a bit true that you'd find bias present in this forum and that's just simply making sense. But a definite categorical norm won't be advisable most of the time.
A very important advantage of Bitcoin over Gold is government control. Now here is a piece of history that you might consider ...:
" Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve in exchange for $20.67 (equivalent to $467 in 2022) per troy ounce.
Source : https://en.wikipedia.org/wiki/Executive_Order_6102
This can happen again...... and it is next to impossible for governments to confiscate bitcoins, if it is stored correctly.
" Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve in exchange for $20.67 (equivalent to $467 in 2022) per troy ounce.
Source : https://en.wikipedia.org/wiki/Executive_Order_6102
This can happen again...... and it is next to impossible for governments to confiscate bitcoins, if it is stored correctly.
OP, what is your reason for investing in bitcoin? Is it because you want high returns, get rich quickly, and because investing in other assets won't yield big and fast returns like bitcoin? I and everyone else are here for the same reason. So when you compare gold vs bitcoin on the bitcoin forum is not appropriate, and you will not get any fair answer. We are all bitcoin investors.
looking at historical data
gold potential
400 2500
||||||||||||
^gold position
btc potential
15k 70k
||||||||||||||
^btc position
anything more need to be said?
edit to reply to below
seems more needs to be said
yes in a known strategy of buy low sell high bitcoin is in the low whilst gold is at its high
so yes bitcoin has more upside potential
I really don't see any reasons to compare both assets always because I've seen alot of people who do this comparisons especially when introducing bitcoin to someone new users and hence they try to condemn every other digital asset simply to promote bitcoin. gold potential
400 2500
||||||||||||
^gold position
btc potential
15k 70k
||||||||||||||
^btc position
anything more need to be said?
edit to reply to below
seems more needs to be said
yes in a known strategy of buy low sell high bitcoin is in the low whilst gold is at its high
so yes bitcoin has more upside potential
I might not be a fan of digital asset(gold) but I'm a major fan of physical gold and most times I even advice people to buy physical gold especially when considering the high volatility of bitcoin especially when referring a long time investment for someone without much investment capital.
Bitcoins and Gold are both good to hold, and if you can hold both of them, you should without completely choosing one over the other. It does not always have to be a choice, if you can afford to, having some gold and having some more bitcoins is a better choice.
You can safely, closely and easily keep your bitcoins. If it must be a choice between the two and where you must choose, bitcoins should be the choice.
It depends on the state of the place where you live because if you are constantly moving from place to place, it's not recommended to hold Gold because you might have a hard time storing it, and it might going to be lost from you.You can safely, closely and easily keep your bitcoins. If it must be a choice between the two and where you must choose, bitcoins should be the choice.
I also want to remind you that there are both physical and also digital gold and just as @Rruchi man, there is actually no need to compare the both assets because they are both good and it wouldn't be a bad idea to diversify and if you must choose, I will prefer you keep you bitcoin especially for long term.
Bitcoins and Gold are both good to hold, and if you can hold both of them, you should without completely choosing one over the other. It does not always have to be a choice, if you can afford to, having some gold and having some more bitcoins is a better choice.
You can safely, closely and easily keep your bitcoins. If it must be a choice between the two and where you must choose, bitcoins should be the choice.
You can safely, closely and easily keep your bitcoins. If it must be a choice between the two and where you must choose, bitcoins should be the choice.
It depends on the state of the place where you live because if you are constantly moving from place to place, it's not recommended to hold Gold because you might have a hard time storing it, and it might going to be lost from you. And when you are not like that, and you are staying in a place for long, you can have gold as recommended to hold as an asset, and also you can have bitcoins as well to diversify your wealth, and by that, you will have double amount of income by the time the price of those two assets will increase in the future just like hitting two birds with one stone.
LOL I don't want to die holding gold. I want my money invested in the technology and you may already know how gold works and if you are around bitcoin community for long enough or if you just can see the potential of bitcoin you will also pass on gold.
Bitcoin is the future for me, gold is not potential but rather a piece of jewelry for women.
Bitcoin is the future for me, gold is not potential but rather a piece of jewelry for women.
I think there is a lot of hype around Bitcoin these days. Bitcoin is a digital currency and is also known as digital gold. Bitcoin has a lot of importance today but you cannot deny the importance of gold, because people have been investing in gold since ancient times. Both Bitcoin and Gold have their place of importance, but it is also true that Bitcoin has a considerable advantage over gold due to its unique characteristics. If the profit rate is analyzed in gold and Bitcoin, the profit rate in Bitcoin is very high. So I think investing in Bitcoin can be a great and profitable investment for the future, but the use of gold is also very common in our society.
Totally agree with your point that Bitcoin has a lot of potential and gold doesn't have that much potential, and seeing this potential, many people today want to invest in Bitcoin.
Gold is indeed a very good asset and has been recognized through thousands of years of history, it will always be the choice of some people, especially the older generations, who prefer safety. And if you ask anyone on this forum, 100% will definitely choose bitcoin because all are willing to take risks to have a lot of money, and bitcoin is what they have been looking for all this time.
Both have pros and cons and are used in different situations, so we see no need to compare. Depending on each person's taste, we should choose assets to invest accordingly. Just because we don't invest in gold doesn't mean it's not good, and vice versa.
Both have pros and cons and are used in different situations, so we see no need to compare. Depending on each person's taste, we should choose assets to invest accordingly. Just because we don't invest in gold doesn't mean it's not good, and vice versa.
As far as I know, there is no rule that prohibits us from owning both or is forced to choose only 1. So why do we always compare them to find the better one?
People compare them because they do not have the money to buy both of the assets, they can only buy one, so they want to know which asset has more potential, so they can choose it and invest in it.Bitcoin is the future for me, gold is not potential but rather a piece of jewelry for women.
Gold does not have any "potential" because everyone knows what gold can and can't do, it is a very old asset and a store of value that people have been using to hold the value of their money for a very long time. I believe when we talk of "potential", it is for newer assets. By the way Gold can be used for other things than just jewelries, though it is one of its use cases. 
A look at the price movements of Bitcoin and gold over the last 10 years shows how different they are. But if we think about safe investment, there is a lot of difference between the two. Holding Bitcoin has a much higher annual profit potential than gold. However, the risk here is also very high, but if you hold gold, the annual price change rate is low, but there is no risk here.So whether to hold gold or bitcoin depends on how much risk or profit he is willing to take.
If I think about the price of bitcoin and gold, I will invest in both. Because investing in bitcoin is very risky. And if we invest in gold, we will have a small profit. And it will become an asset for us. And if we If we invest in Bitcoin we will have the possibility of losing money.I think we can invest some money in bitcoin gold and if some time give us a chance to make a lot of money.Most people want high profits and to get rich quickly, so they will choose bitcoin over gold. But on the contrary, those with a lot of money, billionaires, will choose gold because they need the safety of their huge wealth. But why don't we hold both? Asset diversification is always a good thing. By investing in both, we can both limit our risk in gold and make a substantial profit in bitcoin. As far as I know, there is no rule that prohibits us from owning both or is forced to choose only 1. So why do we always compare them to find the better one?
The old people will surely go for Gold because that's the most valuable thing they know and get used to in the past, but this is a new age where technology is advancing, why the hell will I go for Gold when we have Bitcoin? It's this obvious and Bitcoin have better advantages over having Gold, I will rather hold Bitcoin than holding Gold.
Although, I think involving in both asset is far more safer than investing only in Bitcoin, but I personally like Bitcoin more and I don't think I will be buying any Gold soon or maybe never I can't say for now, I believe Bitcoin is my major prerogative right now.
Although, I think involving in both asset is far more safer than investing only in Bitcoin, but I personally like Bitcoin more and I don't think I will be buying any Gold soon or maybe never I can't say for now, I believe Bitcoin is my major prerogative right now.
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