Post
Topic
Board Bitcoin Discussion
Re: What are the pros and cons of gold compared to bitcoin?
by
YOSHIE
on 26/03/2024, 15:22:52 UTC
What makes bitcoin a better (or worse) substitute for gold? This is an important question since bitcoin is constantly being compared to gold.
For me if we continue to compare gold with Bitcoin, I think we are all wrong in our judgment, be it in terms of investment, trading and other things, we all know that gold and Bitcoin are two very different elements, the advantages and disadvantages are very clear for both.

You can buy gold on one side/physically and gold has been used from century to century, as well as the buying and selling value, gold has nothing to do with the internet.
One side of Bitcoin cannot be touched, This is a sign of greater risk than gold, Bitcoin can only be used based on internet activity to access buying and selling.

So, I think if we compare gold and bitcoin, they are two different things, of all things, both clearly have real advantages and disadvantages for their users, maybe we don't need to explain too long about both.
For more details you can see it here: Gold vs. Bitcoin: Which Is Better?
Fact:
Quote
• Gold has been an asset that holds value over long periods and is used to hedge against market downturns.
• Bitcoin is young and unproven as an investment, but cryptocurrency speculators are using it to store value and hedge against corrections and recessions.