Has BTC really become more attractive than gold?

[Tribalchief]

Gold are very expensive. This will lesson the number of those that invest in it if compared with bitcoin that you can buy with just $50. You need thousands of dollars to buy gold bars. It also needs physical storage. I prefer bitcoin.

I don't think physical storage would be a problem unless it has a way of reacting with other materials placed around it, which will create a need for a special place for storing it. What matters most is the security of this kind of asset; knowing their value would certainly not put someone at ease, especially when you have them in your place of residence.

It should, because bitcoin is scarier and will become scarier.

The issue of scarcity serves as a catalyst that has increased the price of Bitcoin. Additionally, thanks to widespread adoption, Bitcoin's value continues to grow globally

Is Peter Schiff holding bitcoin? With how critic that man is, I do not think he is holding bitcoin. He said in the past that he is not holding bitcoin. The man said bitcoin is not physical and not having value. You can see how he is wrong.

We've come across stories like this, but in the end, those who initially condemn later become promoters of Bitcoin and even tend to buy more than those who have been in the game for years. We can't be too sure if Schiff is telling the truth. Sometimes, people might just want to mislead others while they indulge in similar acts.

In addition, you also need to keep certificate for that physical gold if you don't want hard time selling it in the future. Although as investment, some people decide to trust 3rd party where they buy digital gold where they can buy in smaller amount.

Surprisingly, I never knew that gold sales require a certificate. This means that those who don't possess a certificate of ownership won't be able to sell at a normal rate, but rather at a rate far below the normal price. This is crazy. Bitcoin is the best after all.

[0t3p0t]

1. Are you investing in BTC or gold?
2. Do you think BTC has become more attractive than gold in the investment sector?
3.Have people like Peter Schiff accumulated a lot of BTC while still badmouthing BTC in the media?

1. I am investing in Bitcoin than gold.
2. Yes it is because institutions are pourings their billions of investments into it rather than gold. As we can reads, hear and see on the crypto news.
3. Not familiar of this guy but that could possibly be diversional tactics so there will be FUD and so he can fill in his bags.

[Z-tight]

There are chances that it can be lost. Unlike bitcoin that has better security if you know how to securely hold your coins.

There are chances that BTC can also be stolen if the person has bad opsec and does not know how to safely store their coins. Many people store gold and they don't lose it, some even store it in a bank's safe box or in their own secret vault, it depends on what works for them. If you know how to securely store your gold, you will probably never lose it, the same thing with BTC.

[Charles-Tim]

There are chances that BTC can also be stolen if the person has bad opsec and does not know how to safely store their coins. Many people store gold and they don't lose it, some even store it in a bank's safe box or in their own secret vault, it depends on what works for them. If you know how to securely store your gold, you will probably never lose it, the same thing with BTC.

The chances that the bitcoin that I hold securely can be is almost zero. All it takes is not costly. But the chance that gold can be stolen is higher. But if you store it with third party, maybe they can cover the loss if anything happens like thieves break into the vault. No hacker on earth can be able to compromise my bitcoin wallet but if it is gold, I still doubt it. It cost me just nothing much to securely store bitcoin no matter how big it is, unlike gold.

[phoenix222]

I'll choose bitcoin than gold.
You know why ?
Bitcoin is more profitable, and I've invested in bitcoin since 2013.
Gold is safer, but It's not as profitable as bitcoin.

[SmartGold01]

Have people like Peter Schiff accumulated a lot of BTC while still badmouthing BTC in the media?

Is Peter Schiff holding bitcoin? With how critic that man is, I do not think he is holding bitcoin. He said in the past that he is not holding bitcoin. The man said bitcoin is not physical and not having value. You can see how he is wrong.

Most at times those who talks against bitcoin are the people who holds more of bitcoin, they can come to general public to deceive the general public how bad is bitcoin. Believe me or not, those government agencies who are fighting against bitcoin are the people who are mostly holding enough value, since they tried to fight bitcoin but couldn't succeed. They don't have any other options than to go criticizing bitcoin and make people feels as if bitcoin is less important while they are holding bitcoin underway.   

[Dr.Bitcoin_Strange]

I am investing in Bitcoin currently because it is easier to invest with any small amount you can afford, but that doesn't mean I don't like gold either. Both assets are worth having, and it's wise to have the two if one can actually afford them at the same time. Despitethe fact that BTC market capitalization is so high, the gold market too is not bad, and as a matter of fact, I believe that there are still so many Bitcoin investors who are still investing in gold. In terms of investment, it's wise to diversify, and gold is one good asset that anyone can also consider a second option of investment, in my opinion. 

[Google+]

Have people like Peter Schiff accumulated a lot of BTC while still badmouthing BTC in the media?

Is Peter Schiff holding bitcoin? With how critic that man is, I do not think he is holding bitcoin. He said in the past that he is not holding bitcoin. The man said bitcoin is not physical and not having value. You can see how he is wrong.

Most at times those who talks against bitcoin are the people who holds more of bitcoin, they can come to general public to deceive the general public how bad is bitcoin. Believe me or not, those government agencies who are fighting against bitcoin are the people who are mostly holding enough value, since they tried to fight bitcoin but couldn't succeed. They don't have any other options than to go criticizing bitcoin and make people feels as if bitcoin is less important while they are holding bitcoin underway.

With your explanation, it seems like people like that are trying to give a bad stigma to bitcoin until finally people don't believe in bitcoin anymore, it's very sad to see people like that, even though when we have a lot of bitcoin and follow the flow of exchange conditions it will be very it's easy to make a profit without having to oppose the movement of bitcoin.

[Don Pedro Dinero]

I do not know that I can buy smaller pieces of gold but just knowing that now. I do not have it in mind to buy gold because it is physical and can be stolen. No matter how small or big it is. There are chances that it can be lost. Unlike bitcoin that has better security if you know how to securely hold your coins.

Yes, well I prefer bitcoin too, but in the case of bitcoin, although they can't steal it directly, they can steal your private keys. You can hide them well, but if we are talking about small amounts of gold you can hide them well too. For much larger amounts, millions of dollars, it is much better to use bitcoin to store, transport and transfer them.

[ABCbits]

In addition, you also need to keep certificate for that physical gold if you don't want hard time selling it in the future. Although as investment, some people decide to trust 3rd party where they buy digital gold where they can buy in smaller amount.

Surprisingly, I never knew that gold sales require a certificate. This means that those who don't possess a certificate of ownership won't be able to sell at a normal rate, but rather at a rate far below the normal price. This is crazy. Bitcoin is the best after all.

Actually it depends on where you live and whether the buyer ask for such certificate (or at least proof you bought/obtained it legally). Although it's true the rate is definitely worse, which sucks when gold price doesn't change much over time.

[Sim_card]

Currently gold might have a big marketcap than gold, but I bet you that in the next 20 years, bitcoin will have a higher marketcap than gold. This is because as time passes on more people are adopting bitcoin and the value continues to skyrocket. Gold has been there for ages, but bitcoin is just 15yrs old. I have never thought I would be able to have an investment at my present age, but bitcoin gave me that opportunity to invest even in my poor state. This is what will make bitcoin more attractive to people as time goes on, because all classes of people can invest in it, and grow your investment without a third party. Financial freedom alone is superior to what gold offers. Bitcoin is not visible and cannot attract anyone to itself, as long as it is in your noncustodial wallet, but gold shouts a lot.

[TopT3ns]

In addition, you also need to keep certificate for that physical gold if you don't want hard time selling it in the future. Although as investment, some people decide to trust 3rd party where they buy digital gold where they can buy in smaller amount.

Surprisingly, I never knew that gold sales require a certificate. This means that those who don't possess a certificate of ownership won't be able to sell at a normal rate, but rather at a rate far below the normal price. This is crazy. Bitcoin is the best after all.

Actually it depends on where you live and whether the buyer ask for such certificate (or at least proof you bought/obtained it legally). Although it's true the rate is definitely worse, which sucks when gold price doesn't change much over time.

Yes, that's right, in several countries they have their own policies when buying gold, they will have a certificate and usually the certificate can show that you have bought gold at that price and used a certain payment depending on the agreement at the place where we bought the gold.

[KryptoBull]

I am investing in Bitcoin currently because it is easier to invest with any small amount you can afford, but that doesn't mean I don't like gold either. Both assets are worth having, and it's wise to have the two if one can actually afford them at the same time. Despitethe fact that BTC market capitalization is so high, the gold market too is not bad, and as a matter of fact, I believe that there are still so many Bitcoin investors who are still investing in gold. In terms of investment, it's wise to diversify, and gold is one good asset that anyone can also consider a second option of investment, in my opinion.

I do not deny the potential of gold, as evidenced by the fact that the Gold cap is still more than 10 times that of BTC, meaning that Gold is still the preferred reserve asset for many investors. However, BTC seems to be outperforming in terms of price growth and attractiveness to younger investors, and in terms of investment, BTC is better than Gold.

I think Gold should be used for reserve and defensive purposes, while BTC should be used to generate higher investment returns. Diversification of the portfolio is necessary for each investor, BTC and Gold can completely coexist to ensure safety and profit for the portfolio.

[bitterguy28]

it is a Bias question when you  put it here? look at the votes as its completely for Bitcoin and none voted for Gold .

And when you ask this question in crypto forum I believe that there might be a single person that will choose gold because if many do surely they will face criticism and attack of favoring physical investment than Bitcoin.

[Alston Liu]

Gold has existed longer than Bitcoins. It takes time for people to open their arms for it. At least, for me, it is still way down the road to say btc becomes more attractive than gold. Some countries are still not taking serious, you know, this whole cryptos thing. At the end of the day, people might feel more comfortable having gold instead of crypto. The attribute of intangible might not help in this situation, like wars, economic crises, and etc.