Topic: Why Bitcoin Instead of Gold? (Read 889 times)

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To be honest, for me as a techie gold is just too hard to sell. I don't want gold contracts, I want the real deal, but I can't just sell it anywhere I go and most peopel don't realize that. Let's imagine you're forced to leave your country because of war or a coup. You have to move your gold to another country and at that place you don't know good dealers. You may face a language barrier. You're forced to walk around town looking for a place to sell your gold and then hope you'll get a fair price. With bitcoin it's fast and easy. Your exchange account will probably work overseas and moving coins there will take you less than an hour.

Here is a prime example of the "me too" firm grasp of the well known and obvious! Thanks for adding to our knowledge.

You can bring BTC everywhere you go. Gold will be tough to carry

We all know that since time immemorial, gold has been known by the public at that time as a transaction tool or it could also be said as an investment asset. This gold is also an asset whose price does not go down easily even though the world economy is not doing well, instead the price continues to increase from time to time. In the end, over time, Btc was created as an asset that is very high value and of course it is starting to be liked by many people as a good investment choice for the future. Because btc and gold are both assets of high value and continue to increase, BTC can also be said to have an asset value that does not go down easily even though the world's economic conditions are not good.

Because the two have the same characteristics, it's no wonder BTC is now in great demand and is even considered Digital Gold. If at first glance they are the same, gold and Bitcoin do have the same function, it's just that the way to store them is slightly different, this can be said about security. However, to determine a more profitable investment, I think BTC is my top choice right now. Because BTC cannot be controlled by the government, this is very different from Gold which is controlled by the government. Not to mention that there are also cases of fraud by selling fake gold, even though there is no such thing as fake bitcoins. Actually, there are still many advantages of Bitcoin compared to gold.

ALLOT of Bitcoin has been seized by the US govt.

Realizing large profits without paying taxes will get you bracelets and the cool things you purchased, gone.

I also supported the idea of diversification to reduce risk, but then I discovered that allocating capital to too many assets only dilutes our investment and will not provide maximum return. And if we do enough research and only invest in a single asset like bitcoin, although there will be high risk but the reward will definitely make us more satisfied.

But in the end, it is still a choice, a decision of each person, we cannot impose our thoughts on others. But I would only diversify if I had more money.

The biggest reason people choose bitcoin over gold is because of the profit it brings, you and me included. We like bitcoin for profit, we all have the mindset that investing in gold is a waste because it's not volatile so it can't be profitable for us. But with bitcoin, we have the opportunity to make a lot of money, get rich faster. Of course, there will be other benefits when our assets are bitcoin but like I said, profit is still the most priority and concern.

Bitcoin is more valued than gold to me. The investment in bitcoin is more reliable than gold, if the investment is properly checked and done. There is also a tendency of the price of bitcoin increasing highly than gold which will enable investors make more gain on their investment, thus making bitcoin have more increase in value and appreciation.

Every generation has a favorite method of storing riches, as history has demonstrated. People have loved gold for millennia because of its rarity and unchanging character. On the other hand, a technological revolution is about to occur.

This transformation is embodied by Bitcoin! It is a product of the decentralized digital age. Regarding Bitcoin's volatility, you dispute. It is, of course, volatile! Its fresh, vibrant, and questioning the current quo. unlike gold, which in today's digital economy is, lets face it, a relic from a bygone era.

Additionally, Bitcoin transactions are smooth, whereas selling gold is a laborious process that involves middlemen, taxes, and other issues. The younger generation is aware of this. People are drawn to Bitcoin because of its ease of use. So why do we still use antiquated investing methods? Its time for evolution, and the next step in that evolution is Bitcoin

Why bitcoins? because it is a personal asset that cannot be foreclosed, seized and can give large earnings, gold is less unstable and gives moderate earnings constant over time but can be seized, stolen or requisitioned

Bitcoin is good investment than gold  because in Bitcoin your investment increases multiple times and you can become a millionaire in a short time but in case of gold this is not possible. Gold prices goes up and downs and there is not such as profit in Bitcoin. If you invest in Bitcoin, you have opportunity to become a millionaire in future and you can do it but gold investment is not safe as Bitcoin and if you invest in gold for long term, it is not such as profitable as Bitcoin. Bitcoin is best investment idea for investment.

Honestly, I'm taking them both but I'm investing more on Bitcoin for one reason?
I choose Bitcoin because of it profitablity rate compared to gold. Despite the risk, I was still on the positive side thinking that I can handle the risk and can manage stress that I was going to faced.

Nevertheless, I couldn't say that I'll taking this kind of investment forever. I was still continue buying some gold and grow it slowly as I consider this as my lifetime investment. But as long as Bitcoin is still profitable these days, it takes more chunks from my investment capital than gold.

Between bitcoin and gold if you invest in both it is good but you have to accept that investing in bitcoin is risky as there is volatility in the market. But by investing in gold you have no risk and you stand to gain a lot when the price of gold rises in the future. But the value of bitcoins increases relative to gold. But in this case it is difficult to sell gold but it is very easy and convenient to sell bitcoin that is why people are now interested in investing more in bitcoin rather than investing in gold to enjoy the benefits. Although gold is a natural resource and popular but nowadays we can see that most of the young people are more interested in investing in this virtual currency than gold, in that case I also prefer Bitcoin as the top investment.

Yeah I hear ya, just soooooo over this Bitcoin vs Gold imaginary grudge match. It's a simpletons argument

The topic is why you should use bitcoin over gold.  Not if putting everything into one basket is wise.  The reasonable response is a list of properties that either bitcoin or gold does better than the other.

I love how a bunch (esp nubes) come in and explain the obvious anyone who has been around a minute already knows. It doesn't make you smart to repeat what's been said a bazzion times.

Oh it's finite!
Oh it is more volatile to make more money!
It's a better investment!
Gold is heavy!
I can send this around the world in seconds!

Yeah yeah yeah, we all knew that already ad nauseum.

What would make you smart is to show how you can wrap BTC and Gold together in a symbiotic portfolio (with other) to gain a position of wealth.

You can put all your eggs in one basket and roll the dice and make some money/returns. The hard part is retaining wealth and still have above water money when the ark is floating. When that volatile sure thing goes under your avg cost and you must sell, it's a painful yet expensive learning experience.

Bitcoin is an awesome tool in a quiver of many

1  Bitcoin is decentralized
2 Bitcoin is not visible but gold is
3 I have also seen some materials made by gold, but for Bitcoin non
4 Bitcoin is easier to exchange online, but gold is not

decentralization of Bitcoin is what make it more valuable then gold. about the early exchange, you can exchange your Bitcoin without going to anybody. Bitcoin is much more better than gold. but we should also know that, investing in gold is different from Bitcoin. gold has to do with longtime investment.

I like both and I have investments in both, but what I think makes bitcoin much better than gold is its price fluctuations which tend to be faster than gold while gold seems stagnant and doesn't have a drastic increase in price, besides that trading with bitcoin is far easier and more efficient than gold only through a smartphone, you can already sell or buy bitcoin while gold is quite difficult, and the last is cross-border shipping for bitcoin transactions which is very easy, compared to gold which requires complicated physical delivery, maybe this is all I can explain about why bitcoin is much better imo.

Why would needing to choose if you could have both?  

Well, if you do really need to choose one then it would really be entirely be depending with your own insight since not all would really be that having on the same choice and preference when it comes to investment hings.
Come to think that comparing Bitcoin to Gold is something that been in talks through several years on which one would be worth, both does have that increasing value but the difference in numbers or value is really quite that significant specially on comparing to Bitcoin on which its price is really that moving that way too volatile and could really be able to surpass if ever the adoption and recognition would already be that high.
A mineral compared to digital gold? There might be some similarities but in overall it isnt really just that a huge problem as long you do have the money to invest into. There are really just people who are really that loving on making up some comparison and trying to have that kind of choice.

If we can use both simultaneously why not? Gold has a much smaller return and takes a long time to invest, but the strength of gold in maintaining its value is also very good and gold has entered its heyday and even gold has been a medium of exchange in the past. The times have brought something new to be adopted and now we see bitcoin as one of the best investment media available, so using it is also a good step in maintaining the value aspect of money that we have. The need for adjustments every time a certain moment arrives, is what is called taking advantage of existing opportunities, so that dependence on certain aspects to obtain profits can be utilized according to the advantages and skills.

Maybe some people try to compare gold investments in the past with current bitcoins and certainly find none in comparing a product in the past with the present because both have different levels of advantages according to the era. To me both are indeed the best of ever and we have seen bitcoin reach a stage of wide enough adoption to make it one of the best investments in terms of preserving value today. So take advantage of both if you ever have the chance?