Can Bitcoin surpass Gold in utilization?

[Z-tight]

Isn't the purpose of investing not only to store safely but also to get profit, that's why I prefer to store in bitcoin rather than gold.

Gold can also give you return, just not as much as BTC, but it is a safer investment, what we call 'safe haven', BTC is also safe and i also think that in the long run it is a store of value, but it is very volatile. It is common to see older people storing their wealth in gold than in BTC, because of its stability and longevity.

[_act_]

Bitcoin will eventually top all other currency and assets of investments with time, because right from what we are seeing already, its performance now is showing more for this in the future, if we can achieve to this far within the few years, also indicates that the coming years will be more productive than we already have, people are getting to know understand why bitcoin should be their most preferred currency and asset.

[Hisbullah]

Bitcoin will eventually top all other currency and assets of investments with time, because right from what we are seeing already, its performance now is showing more for this in the future, if we can achieve to this far within the few years, also indicates that the coming years will be more productive than we already have, people are getting to know understand why bitcoin should be their most preferred currency and asset.

Nowadays people already know how valuable bitcoin is as an investment tool because this crypto currency can give us financial freedom and bitcpoin hedges so that our assets are not affected by inflation.
what needs to be understood is just buy at the right time bearish season and hold long term if you want to get maximum results.

[erus]

For me personally, the utility of Bitcoin is simpler and easier to use than gold, this is just according to my experience. And I will share my friend's real experience using Bitcoin as a gift from her boyfriend abroad.

My friend is female, she has a Spanish boyfriend (different country). When her boyfriend visits our place, he always uses his Binance account for transactions with my female friend, sometimes using USDT and sometimes using Bitcoin.

Her boyfriend said it was simple and easy to use Bitcoin, even wherever I can use Bitcoin for payments by selling it and exchanging it for Fiat such as USDT etc., and then withdrawing it to local Bank .

* I censor the name, place and location because this is the privacy of my female friend and her boyfriend from Spain.

[Bobcrypto]

Maybe when it comes to the price of bitcoin, yes, there is a really big chance that it will surpass Gold, in fact it has already surpassed it, right? But there is no need to fight between the two because Bitcoin is also considered gold, albeit in a digital way, while the Gold that we know is ancient is also physical gold.

Besides that, they are both good to hold and make an investment in the long-term, in fact. That's just why in these situations, Bitcoin is more of a priority for most people.

I think you are right, Bitcoin seems to be of more priority for many investors than gold, though gold is a commodity from ancient time and grow gradually. Bitcoin is considered as a digital gold and has the capacity to grow faster. in fact, It is just about sixteen years old, and has become the fastest growing investments options in recent time.
In my opinion, Bitcoin will most likely exceed gold in terms of utility in near future.

[omori]

I think you are right, Bitcoin seems to be of more priority for many investors than gold, though gold is a commodity from ancient time and grow gradually. Bitcoin is considered as a digital gold and has the capacity to grow faster. in fact, It is just about sixteen years old, and has become the fastest growing investments options in recent time.
In my opinion, Bitcoin will most likely exceed gold in terms of utility in near future.

Gold is the traditional way.
BTC is the new way, an alternative. The one that has much more utility to it. And grows in value exponentially.

[Wiwo]

Although the link between cash and USD has been severed, we still use cash and gold has not been abolished, so Bitcoin can be used without the need to abolish gold, etc. If Bitcoin succeeds, we will have a system that includes cash, gold and Bitcoin.


The short answer is yes, but there is no connection between them.

I wonder when this comparison will end, just as we have always been debunking the attempt to put Bitcoin and gold against each other for some time now in most discussion forums, bitcoin has a clear road map, which is to provide a decentralized alternative to the traditional assets and currency.

Gold could be dominant, yes, but that doesn't stop bitcoin from being the digital alternative to the physical gold, so let's leave both at what they are right now.

[Bobcrypto]

I think that this argument between Gold vs. Bitcoin will definitely continue for longer time in the future simply because Bitcoin has been able to prove many doubting Thomas wrong on their claimed few years ago.
There are people who, through several social networks and news channels condemned Bitcoin, unfortunately, their claims failed, and it has become the most investments options and opportunity for many investors.
Now, Bitcoin has become the most talked about technology more than gold. Hopefully, this discussion shall continue for very long time.

[taufik123]

I wonder when this comparison will end, just as we have always been debunking the attempt to put Bitcoin and gold against each other for some time now in most discussion forums, bitcoin has a clear road map, which is to provide a decentralized alternative to the traditional assets and currency.

Gold could be dominant, yes, but that doesn't stop bitcoin from being the digital alternative to the physical gold, so let's leave both at what they are right now.

Both have different characteristics and have their own advantages and disadvantages, so to compare Apple to Apple will not be possible.

Indeed, there are quite a lot of debates like this, but the answer is still the same, the two cannot be compared in parallel because they have some differences that cannot be compared.

[doc]

I wonder when this comparison will end, just as we have always been debunking the attempt to put Bitcoin and gold against each other for some time now in most discussion forums, bitcoin has a clear road map, which is to provide a decentralized alternative to the traditional assets and currency.

Gold could be dominant, yes, but that doesn't stop bitcoin from being the digital alternative to the physical gold, so let's leave both at what they are right now.

Both have different characteristics and have their own advantages and disadvantages, so to compare Apple to Apple will not be possible.

Indeed, there are quite a lot of debates like this, but the answer is still the same, the two cannot be compared in parallel because they have some differences that cannot be compared.

Actually, bitcoin and gold have their own advantages for investment. This depends on the thoughts and desires of the owner of the funds to be invested. Investing in bitcoin is more profitable while investing in gold tends to be more stable, not as volatile as bitcoin.
The older generation still believes in gold, while the younger generation is starting to switch to bitcoin.

[debra]

Isn't the purpose of investing not only to store safely but also to get profit, that's why I prefer to store in bitcoin rather than gold.

Gold can also give you return, just not as much as BTC, but it is a safer investment, what we call 'safe haven', BTC is also safe and i also think that in the long run it is a store of value, but it is very volatile. It is common to see older people storing their wealth in gold than in BTC, because of its stability and longevity.

Indeed, Gold also gives us returns, but not as big as Bitcoin. But on the other hand, the risk of investing in gold is also much lower than Bitcoin. The increase and decrease in the price of Gold are not far enough, especially the decrease. Usually from year to year, gold will regularly experience an increase. Not only that, gold has several real use cases and this has become something that has always been one of the symbols of glory when having a lot of gold. yes that's what applies in the general public.

[Makus]

I was having an argument with my colleagues earlier about the possibility of Bitcoin surpassing Gold. I mean in utilization and acquisition.
 Gold has been dominating the economy and markets for thousands of years as a means of exchange and holding wealth(even generational wealth). On the contrary, Bitcoin(which is now called digital gold) was launched in 2009 and has achieved widespread adoption and success. It has been growing rapidly ever since.

I am not against holding or buying bitcoin, infact i am an advocate for holding bitcoin for the next couple of years because it’s certain there will be a huge increase to about $200,000 or higher in the future. But Gold is widely utilized compared to Bitcoin. Gold is also stable even though its price may fluctuate due to geopolitical factors and economic events whereas Bitcoin can be highly volatile.
 Even though gold can be more reliable, this has been proven over and over. But I will always stand on the fact that Bitcoin has accessibility, portability, divisibilty advantages over Gold.

Which team do you fall into Digital Gold or Traditional Gold?

Gold is generally accepted everywhere and that is its greater advantage over bitcoin but you see, bitcoin in the form of a digital make it really easy for everyone to make use of rather than holding a solid piece of metal which with monetary value. And if you don't have a good storage system you could end up losing your gold to the hands of burglar. Bitcoin is a currency for everyone just as gold is, and I believe it will rise above $200k in the future the only reason its where it is today is because most governments are still fighting it whereas there are many persons who would love to be enthusiastic about it but are restricted because of their government policies. Fuck the governments.

[taufik123]

Actually, bitcoin and gold have their own advantages for investment. This depends on the thoughts and desires of the owner of the funds to be invested. Investing in bitcoin is more profitable while investing in gold tends to be more stable, not as volatile as bitcoin.
The older generation still believes in gold, while the younger generation is starting to switch to bitcoin.

I invested in both, Bitcoin and gold gave me quite good returns.
In the last 7 years I bought gold for my wife and then in the 7th year I started selling the gold and got a profit of about 170%,
quite good and a steady increase.

Bitcoin also provided a tremendous profit when I started buying at $50k

[tequilla_sunset]

I invested in both, Bitcoin and gold gave me quite good returns.
In the last 7 years I bought gold for my wife and then in the 7th year I started selling the gold and got a profit of about 170%,
quite good and a steady increase.

Bitcoin also provided a tremendous profit when I started buying at $50k

Everybody got their share from investing even a year ago in BTC.

That's why we need to do the same now and see the price of 150k or 200k and more in no time, some years or so.

We can't know for sure when said price would be achieved, but it will happen, the question is when, not if.

[enwi]

Actually, bitcoin and gold have their own advantages for investment. This depends on the thoughts and desires of the owner of the funds to be invested. Investing in bitcoin is more profitable while investing in gold tends to be more stable, not as volatile as bitcoin.
The older generation still believes in gold, while the younger generation is starting to switch to bitcoin.

I invested in both, Bitcoin and gold gave me quite good returns.
In the last 7 years I bought gold for my wife and then in the 7th year I started selling the gold and got a profit of about 170%,
quite good and a steady increase.

Bitcoin also provided a tremendous profit when I started buying at $50k

Your wife is very lucky to have a husband who is very intelligent and understands very well how to properly sell assets like this. Not many people understand the science of trading like this. As long as we have a very high curiosity and want to try something new, we will get good results like you have been doing for years until now. Keep these two assets well because the price still has the potential to be more expensive than it is now.