Topic: Why Bitcoin Instead of Gold? - page 5. (Read 889 times)

That's not exactly the advantage of bitcoin when compared to gold, you can still buy gold with $50 or $100, and it's not a huge amount of money either.


Don't blame the parents of people who don't buy bitcoin, because when they grow up, every decision and action is made by them. They don't choose bitcoin for many reasons, maybe they don't know about it yet or they have doubts about it, or they are not ready to change as you say...


Yes, diversification is essential when it comes to investing because nothing is absolutely safe and we should diversify to reduce risk as well as increase our chances of profit maximization.

As always this depends on the kind of investor you want to be and what kind of risk you want to up your investment strategy to. Bitcoin is similar to gold, it has become an alternate investment for some investors. It has the potential for many uses and can be a worthwhile investment if used in the right way to me it depends on your investment strategy and risk tolerance.

I think there is no need to debate between Bitcoin or gold because it is each person's choice. But for me, I prefer Bitcoin over Gold as the main investment because I can buy Bitcoin with a small amount of money, while to buy Gold, I have to prepare a certain amount of money before I can buy it.

Fluctuating Bitcoin prices allow me to collect more Bitcoins especially when the price is dropping like it is now. But people who don't know Bitcoin will still choose Gold because that's what their parents taught them. And only people who are willing to embrace change and see that it can give them greater opportunities will want to use Bitcoin.

It would be better if we chose both Bitcoin and Gold together so that we have an increase in the amount of monetary value we will receive in the future. But we also have to adjust our funds so that we don't have difficulty investing.

Fun fact: Did you know that Satoshi, gave his birthday as April 5th which coincides with the day in 1933, that American President,  Franklin D. Roosevelt signed Executive Order 6102?  For people resident in the US and intending to move to the US, the Executive Order 6102, may be one of the reasons for Bitcoin over gold. For non US residents, Bitcoin over gold represents monetary, government, financial, economic, and personal Freedom. However, it should be noted that this freedom that Bitcoin offers over gold is only possible of you do not store your Bitcoin in exchanges. Because as you know right well, if it is not your keys, it is not your coins.

*https://www.coindesk.com/markets/2014/11/08/the-search-for-satoshi/

It is true that gold is safer than bitcoin because it has been around for thousands of years and is universally accepted. Meanwhile, bitcoin is still nascent and its adoption is not as global as gold, but it would be inaccurate to say that investing in it is a big risk. There's nothing wrong with saying this years ago, but given what's going on it's no longer true. Bitcoin has also become much safer and the only risk is extreme volatility in the short term.

You told the truth, since most people invest in bitcoin for profit, very few people care about other features. But many people don't want to admit that fact like you do.

If there is such an opportunity, then why not take advantage of it. It is not necessary to choose just one thing for investment, you can buy both gold and bitcoin, as a result, each of these investments will bring profit, and we will be able to see what brought us more income. It is important to understand here that it is important to invest only in what you are well versed in, even on an altcoin you can make good money if you study it thoroughly and see the opportunities in it.

Gold? This shiny metal people have sought for millennia? Happened previously. Your claim that gold causes many issues is correct. Theft and government seizure are issues with tangible items.

Bitcoin is the future. A transformation, not simply convenience! Governments and groups seeking too much authority should decentralise. People today would be stupid to keep a lump of gold without getting caught. Bitcoin frees people from government rules.

Your perception that gold will always be valuable is outdated. It's true that diversity is crucial, but relying on gold to secure your future is outdated. Update or you'll fall behind.

The topic has been discussed many times but it doesn't matter because it'll still come up again in the future when new users feel they want to understand better why they should choose Bitcoin over Gold. Gold is a good investment but since it's physical it can't be easier transported as it'll take up space and unlike bitcoin that it's digital and can be carried around without anybody knowing that you're moving billions in your flashdrive or personal wallet.

From history, in the last 10 years Gold hasn't been very profitable to hold but Bitcoin has been giving investors big profits and that's because bitcoin is what is trending and also has the potential to overtake Gold and other investment as the better investment to invest into.

Complete decentralization throughout the process of acquiring-transacting may not be possible. But itself, bitcoin is decentralized and censorship-resistant. Going to that length to anonymize yourself seem to some extent paranoia to me, but I do agree that in some countries and legal systems this might become necessary.

Gamblers are few of the major users of bitcoin and thus they will continue to buy bitcoin even in times of market ups and down you can count on them to keep the markets active all throughout the year. 

Well for me, there's literally a lot of factors to consider Bitcoin than gold but doesn't mean gold is not a good alternative investment. Because most people know that gold are valuable right? So once they saw gold they would think of stealing it or some might thought you stole it something like that. Plus it's hassle to think of the government might took it from you since they would just simply said it's mined from your country. Because there's a case here in my country that they took it to the owner by just simply giving them a money less than the value of the gold.

Bitcoin's is much convenient, not only that is decentralized but its easier to have any transactions plus you could do it anonymously without revealing your identity. You could have exchanges internationally without even thinking of the hassle. It's volatility gives the users more advantages as long as they have the knowledge to use it. Gold actually run for a long time and also helped a lot of people so it's still a good investment where I'd invest as an alternative not only Bitcoin. Cause physical and digital investment is better to invest on both.

gold and bitcoin are valuable assets, and to be honest I invest in gold and bitcoin, what I know investing in gold is that the profit is not too big but the risk is small.

whereas if investing in btc the profits are big and the risks are also big, and investing in btc will be right if you use idle money, because the risks are big.

To be honest, I invest in BTC because I want to get big profits and I always speculate that BTC in the future will be even higher.

Bitcoin is easily transferrable, more volatile, and simply safer than Gold. That's enough for me.

Both are good and both increase in value over time but unlike bitcoin is a highly liquid asset. Unlike gold crypto transactions are not subject to government regulation making it more flexible bitcoin also has high earning potential, as its value can increase rapidly. However this volatility makes it a risky investment as it can quickly rise in value if demand is high. Bitcoin's advantage is that bitcoin has provided significantly higher returns than other assets in recent years. While fiat currencies and very liquid assets can be difficult to measure digital assets like bitcoin are preferred by investors due to their modern market position.

Gambling is among the most used industry. Just think of a scenario in which an ordinary person use bitcoin. He needs to buy from an exchange where he have fulfilled KYC and from there he could use some mixing service and make himself anonymous. Apart from that he should buy bitcoin in person paying fiat in cash and receiving bitcoin in a non custodial wallet. These days anonymity is not much effective as regulated usage is encouraged.

Bitcoin instead of gold because
- Bitcoin reaching too much
- Bitcoin value is huge
- it is secure
-it is easy to hold
-it very easy to buy and sell
-The risk of theft is low
- Billions of dollars can be stored without telling anyone
- Its transactions can be done completely anonymously
- Chances of return from this are several times higher than Gold
There are thousands of reasons why bitcoin is better than gold and investing in bitcoins instead of gold is smart idea and more profitable.

indeed the debate about gold and bitcoin to this day seems unfinished, because indeed bitcoin certainly has advantages including the limited amount of supply of bitcoin supply because there are only 21000000 bitcoins while for gold of course the supply can be called unlimited because people keep mining every day gold, whereas for bitcoin, of course, the supply is limited, it will have the potential to increase in price in the future. but the weakness of btc is that it has a fluctuating nature and has the potential to decrease in price but if our invest in gold, of course the risk is not too high, but in terms of profit, in my opinion, investing in btc is greater than in gold. but of course gold also has the potential to rise in the future but in my opinion gold would be suitable as a store of value.

I think you have got the answers from friends above and that is the choice of investors to invest. Gold and Bitcoin 'Digital Gold'. Both have their own attractive charm, of course. But, everyone wants to be simple and easy, don't want to bother anymore, meaning that what they invest is widely accepted and has practical value.

I myself think that gold will always be used by people for investment, while Bitcoin is for trading and speculation as well as investment. 3:1 for me. Now, the question now is if OP has enough funds, which one did OP buy first?

I disagree with you saying that bitcoin's anonymity feature is being used mainly by gambling enthusiasts.  there are many ordinary users who are fed up with government control and are also using bitcoin to get rid of that control.
But I agree with you that most people choose bitcoin because of its strong growth rate and not because it is decentralized or gives them privacy.  that's why we see that the number of investors using centralized exchanges remains high even though centralized exchanges are disrupting bitcoin's decentralization.

Bitcoin and gold are indeed both excellent investment assets or stores of value. But don't be left behind, these two assets also definitely have what is called a deficiency. As with gold, in terms of gold supply, it is very abundant. In contrast to bitcoin which only has a supply of 21 million. It is clear from the supply side, less bitcoin and more gold supply. But even so, gold has the most stable price than bitcoin. Because you can see and feel that the price of gold has always been stable and not much different, especially when viewed from the price point of view. But while bitcoin has an unstable price, for example from a price of 60 thousand dollars in 2021, it can drop to a price of less than 20 thousand dollars. That way it can be seen, that in terms of price, gold is indeed more stable than the price of bitcoin.

Continue the next comparison, in terms of potential. From a potential perspective, these two assets actually have very good potential for the future. Because we certainly already know, bitcoin users are currently increasing, and there are even countries that have legalized bitcoin as currency, which is legal for transactions, such as in El Salvador. Interestingly, all bitcoin investors probably all agree that the price will continue to rise.
But gold is no less competitive in terms of potential, because it cannot be denied that gold appeared earlier than bitcoin. Means it is certain and clear, that gold is more popular than bitcoin. Besides that, gold also has many uses, so you can say that this gold is an asset that has many uses. So if you look at all the arguments I'm making, gold and bitcoin are both very valuable assets.

And to answer your question, why bitcoin instead of gold. To be honest I really like both of these assets, but for now I'm only investing in bitcoins. Why? That's because the cost or capital used to invest in bitcoin tends to be cheaper than investing in gold, which as far as I know has a higher minimum purchase. Maybe that's the reason, why I chose to invest in bitcoin.

Yes, holding both seems to be the fair thing. The anonymity is a great feature that gives the secure feeling. Not many prefer this, most of them choose bitcoin over gold for its accessibility. However the anonymity feature is much used by people who are into gambling and related stuffs. Apart from this, to overcome cross border transaction the anonymity feature helps and that are used by very small percentage of people. These days even the anonymity is shattered with the requirement of KYC from gambling and exchange platforms. The ultimate for which bitcoin preferred is the growth on the investment.