Has BTC really become more attractive than gold?

[ajiz138]

And if they like both they can take advantage of both to make a profit, it is better to take advantage of the opportunities that exist if we are capable and have enough capital to invest in both.

But I think now young people are more interested in crypto investments, bitcoin in particular. Because of that, technological developments are now increasingly rapid and I am sure that young people who have more knowledge of the digital world will know Bitcoin, so they will be more interested in this investment.

There is not an issue to invest in if a person has a good amount of money and can invest in both of these opportunities but people often focus on one as they start to make comparisons if they find two better opportunities.

I think we should avoid comparison and should take advantage because comparison will not give us anything but making investment can give us profit as well as experience to handle two investment sources at once.

People are changing their thoughts according to the occurrence of changes and it is necessary to change our mind because we cannot rely on the past technologies forever and we have to evaluate our skills to be profitable with changes in techniques with changing age.

Well, that's what I think too, when both have the same benefits then we don't need to compare them. It depends on us whether we will invest in gold or bitcoin, or do it in both.

If we compare for too long then the worry is that we will never take real action that could make us invest. The only difference is that when we hold bitcoin we will have more freedom, because all control is in our own hands.

[Mr. Magkaisa]

     -     Actually, they are equally attractive to investors, and probably the other investors, when there is a bear market and they are long-term holders, will surely use that for the benefits of their capital.

In fact, when the bull run ends, the investors who buy just wait and wait; that's what they always do, especially if we save.

[KingsDen]

I can actually say much about bitcoin but this cannot be said of me about gold. Gold is a precious metal and it has been in existence for very long time unlike the new Bitcoin. The problem I have with gold is its availability and affordability. If anyone is interested in buying bitcoin as a newbie, with less than five dollars they can have some portion of Bitcoin in the next 30 minutes. But this cannot be said about Gold. I don't own gold, but when I had some was through forex by trading it against US Dollar. But I have BTC which I hold in a decentralized private wallet. So, my vote is for the bitcoin I know...

[Hamza2424]

Both still have advantages according to their lovers, for those who like gold, mostly the older generation who don't know the advantages of digital technology, they choose to invest in something that is physical. Meanwhile, digital technology lovers will prefer bitcoin as an investment.

Hmm, yup, I do completely agree with that. TBH Gold is attractive for many other utilities like women investing in gold for savings and jewelry. Youngsters mostly prefer Bitcoin because it's more rewarding. The old generation is still with Gold due to its stability and acceptability. Bitcoin is also heading toward the reliability and acceptability heights.

[electronicash]

Both still have advantages according to their lovers, for those who like gold, mostly the older generation who don't know the advantages of digital technology, they choose to invest in something that is physical. Meanwhile, digital technology lovers will prefer bitcoin as an investment.

Hmm, yup, I do completely agree with that. TBH Gold is attractive for many other utilities like women investing in gold for savings and jewelry. Youngsters mostly prefer Bitcoin because it's more rewarding. The old generation is still with Gold due to its stability and acceptability. Bitcoin is also heading toward the reliability and acceptability heights.

especially that BTC is becoming involve in political platform and Trump promoting BTC to be mined in US the acceptance of BTC in all ages might just be in the clear sight already seeing more older generations are looking forward to it when institutions are promoting it.

years ago, the ones who has just heard of BTC wonders how in this world can it become a currency when they don't even know how to get one. but now, they can already connect their bank accounts to a platform where they could buy crypto.

[Wiwo]

I can say much about bitcoin but this cannot be said of me about gold. Gold is a precious metal and it has been in existence for very long time, unlike the new Bitcoin. The problem I have with gold is its availability and affordability. If anyone is interested in buying bitcoin as a newbie, with less than five dollars they can have some portion of Bitcoin in the next 30 minutes. But this cannot be said about Gold. I don't own gold, but when I had some was through forex by trading it against the US Dollar. But I have BTC which I hold in a decentralized private wallet. So, my vote is for the Bitcoin I know...

This has been the reason why Bitcoin has gained more popularity within its shortest time in existence, scalability is what makes Bitcoin more accessible than gold and the reason why most investors now prefer Bitcoin against gold, you are right by mentioning how long gold has been in existence before the coming of bitcoin, but even at that I still prefer bitcoin more than gold and the reason is because of the privacy that comes along with bitcoin unlike gold that it physical presence attracts others.

Btw, those old investors will prefer to go for gold due to their inability to discover the great potential in bitcoin and this feeling is supported by a lack of trust in the bitcoin ecosystem and market.

[Asiska02]

I can actually say much about bitcoin but this cannot be said of me about gold. Gold is a precious metal and it has been in existence for very long time unlike the new Bitcoin. The problem I have with gold is its availability and affordability. If anyone is interested in buying bitcoin as a newbie, with less than five dollars they can have some portion of Bitcoin in the next 30 minutes. But this cannot be said about Gold. I don't own gold, but when I had some was through forex by trading it against US Dollar. But I have BTC which I hold in a decentralized private wallet. So, my vote is for the bitcoin I know...

Every bitcoin enthusiast will vote for bitcoin several times ahead of gold. Gold as an asset looks more designated for the rich and powerful people unlike bitcoin that can be own by anyone once you’ve the money that can be used to purchase some. The value of it overtime depends on how the market is on an uptrend and the amount you’re able to have in your wallet to give you the equivalent of its price overtime. Gold has its own advantages but cannot be used against bitcoin as just this one reason is enough to vote for bitcoin over gold as an asset, a long time asset to hold.

[satpol_PP]

I can actually say much about bitcoin but this cannot be said of me about gold. Gold is a precious metal and it has been in existence for very long time unlike the new Bitcoin. The problem I have with gold is its availability and affordability. If anyone is interested in buying bitcoin as a newbie, with less than five dollars they can have some portion of Bitcoin in the next 30 minutes. But this cannot be said about Gold. I don't own gold, but when I had some was through forex by trading it against US Dollar. But I have BTC which I hold in a decentralized private wallet. So, my vote is for the bitcoin I know...

Every bitcoin enthusiast will vote for bitcoin several times ahead of gold. Gold as an asset looks more designated for the rich and powerful people unlike bitcoin that can be own by anyone once you’ve the money that can be used to purchase some. The value of it overtime depends on how the market is on an uptrend and the amount you’re able to have in your wallet to give you the equivalent of its price overtime. Gold has its own advantages but cannot be used against bitcoin as just this one reason is enough to vote for bitcoin over gold as an asset, a long time asset to hold.

It is always a matter of discussion to compare gold with bitcoin, this is very interesting to discuss to read everyone's comments on why they prefer bitcoin or prefer gold. I agree with you, we can buy bitcoin with whatever money we have, for example $10.  But if you buy gold you have to have higher funds, and maybe those who have bigger funds can buy bitcoin.  The consideration for those who choose bitcoin, apart from being able to buy bitcoin with small funds, is that they also want big profits.  And this has been proven for years by Bitcoin and altcoins.  I have also felt the benefits of bitcoin several years ago from 2015.

[dwyane36]

It is always a matter of discussion to compare gold with bitcoin, this is very interesting to discuss to read everyone's comments on why they prefer bitcoin or prefer gold. I agree with you, we can buy bitcoin with whatever money we have, for example $10.  But if you buy gold you have to have higher funds, and maybe those who have bigger funds can buy bitcoin.  The consideration for those who choose bitcoin, apart from being able to buy bitcoin with small funds, is that they also want big profits.  And this has been proven for years by Bitcoin and altcoins.  I have also felt the benefits of bitcoin several years ago from 2015.

Bitcoin is a really convenient asset to buy and hold compared to gold. However, I think it's a bit early to compare Bitcoin and gold because many countries still prefer to buy gold as a protective asset, especially during geopolitical tensions. In principle, BTC could become a widely accepted protective asset, but this is likely to be a long way off.

[0t3p0t]

     -     Actually, they are equally attractive to investors, and probably the other investors, when there is a bear market and they are long-term holders, will surely use that for the benefits of their capital.

In fact, when the bull run ends, the investors who buy just wait and wait; that's what they always do, especially if we save.

Well yeah true though tech savvy and people who knows nothing about crypto can invest in the precious metal asset but with crypto only few are having the willingness to invest due to the fact that it is way too technical for non-techie guys however the crypto community is getting bigger and more enthusiasts are coming so maybe the possibility of them to invest will also rise and more people are now jumping into get rich quick crypto mindset as we can see interactions from airdrops and NFT's.

[debra]

Bitcoin is a really convenient asset to buy and hold compared to gold. However, I think it's a bit early to compare Bitcoin and gold because many countries still prefer to buy gold as a protective asset, especially during geopolitical tensions. In principle, BTC could become a widely accepted protective asset, but this is likely to be a long way off.

Do you really think Bitcoin is a more convenient? I can agree if Bitcoin has more potential of higher profits even if it is riskier than Gold. However, which one is a more convenient, I think it depends on the situation. If we want to have an asset that is a more stable in its price, I think Gold is still better. Bitcoin is never stable in its price because it is volatile. But it enables to have higher profits in the future if we know the right time for exit. Well, both Bitcoin and Gold have their own advantages and weaknesses. Personally, I will never choose one of them, I prefer to invest in both Bitcoin and Gold. Why don't to optimize the chance of profits by having both of them. In my opinion, diversification is the best way in investment.

[KryptoBull]

Do you really think Bitcoin is a more convenient? I can agree if Bitcoin has more potential of higher profits even if it is riskier than Gold. However, which one is a more convenient, I think it depends on the situation. If we want to have an asset that is a more stable in its price, I think Gold is still better. Bitcoin is never stable in its price because it is volatile. But it enables to have higher profits in the future if we know the right time for exit. Well, both Bitcoin and Gold have their own advantages and weaknesses. Personally, I will never choose one of them, I prefer to invest in both Bitcoin and Gold. Why don't to optimize the chance of profits by having both of them. In my opinion, diversification is the best way in investment.

As you said, gold is still considered the best reserve asset because gold price has the advantage of being stable and increasing slowly over time, while BTC is considered the best investment in the past decade thanks to its impressive price increase. High volatility has become a part of BTC price and it is unlikely to become a short-term reserve asset for the national budget.

It would be better if we could accept both: the majority of the budget is allocated to gold for hedging purposes, while a small portion is allocated to BTC so as not to miss out on the new financial wave in the economy. At least, with the development of crypto media, we are hearing more about BTC than gold, even though gold price has also grown in recent times.

[Rubel007]

Bitcoin is more popular than gold to the current generation. And there are many reasons behind the popularity. There are many who may think Bitcoin as a medium of exchange and as a trading tool. Any amount of money can be paid through Bitcoin but cannot be transacted with gold. Moreover Bitcoin is very easy to carry which is not easy in case of gold. Gold has been arrived long ago and it's journey has started since its inception (2450 B.C) while Bitcoin's journey has only just begun. it has already managed to attract the attention of investors. Gold can be found in various mines which have no fixed amount whereas Bitcoin has a limited supply due to which the price of Bitcoin will continue to increase. So it is at the peak of popularity for everywhere.

[NotATether]

Well yeah true though tech savvy and people who knows nothing about crypto can invest in the precious metal asset but with crypto only few are having the willingness to invest due to the fact that it is way too technical for non-techie guys however the crypto community is getting bigger and more enthusiasts are coming so maybe the possibility of them to invest will also rise and more people are now jumping into get rich quick crypto mindset as we can see interactions from airdrops and NFT's.

The only thing is that nobody is actually holding the proceeds of NFTs, they are instantly selling them for other cryptos like Ethereum to gain a profit.

Most people are not actually "hodling" anything except for cash. The logic behind this is that all other assets are just a speculative vehicle for making money, so when they make their profit, they liquidate to cash.

[bitbit97]

Bitcoin is more popular than gold to the current generation. And there are many reasons behind the popularity. There are many who may think Bitcoin as a medium of exchange and as a trading tool. Any amount of money can be paid through Bitcoin but cannot be transacted with gold. Moreover Bitcoin is very easy to carry which is not easy in case of gold. Gold has been arrived long ago and it's journey has started since its inception (2450 B.C) while Bitcoin's journey has only just begun. it has already managed to attract the attention of investors. Gold can be found in various mines which have no fixed amount whereas Bitcoin has a limited supply due to which the price of Bitcoin will continue to increase. So it is at the peak of popularity for everywhere.

However if something happens with digital world, gold will still be in huge demand. Still, in most part of the world, if you offer to select as payment, Bitcoin (or any crypto) or gold, people will prefer gold. Like you have said, Bitcoin is still young, and it still needs time to build a reputation. So far we see only bright side of Bitcoin, but we havent seen its collapse and recover (we see only adoption to market). Thus it makes hard to make a forecast its future for next 20-30 years for example. With gold, it is clear, it will still be valued.