Bitcoin as a better store of value than gold - page 11.

wxa7115

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Quote from: Wind_FURY on January 04, 2019, 02:08:30 AM

Wouldn't gold's physical nature be a real weakness because it could cause a "centralization in vaults" problem? How much gold can an individual legally own and store in your homes in your country?

Then there is Bitcoin. It is virtual, and it opens a world of private key ownership, and therefore, true sovereign ownership of private property which governments cannot control.

That has been the problem for gold from the beginning, the governments of the world hold the most gold and they are not going to sell it to anyone so if for some reason they decide to abandon fiat currencies and use gold backed currencies they will still be in control of the economy and they could make the possession of gold illegal again as they have done in the past, this is why cryptocurrencies scare them since they cannot control them.

It is possible they will try the same strategy they used to defeat gold against bitcoin but when you can move all your bitcoin from one side of the world in a piece of paper that no one would notice then you know they will be unable to make bitcoin illegal and force people to comply.

maldini

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Of course Bitcoin has price fluctuations faster than gold, everyone knows this. And the problem is not the centralization of safes, everyone can place gold anywhere, and even banks can be a place to store gold

jakasantosa

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Think better

Bitcoin as a better store of value than gold are right fo people who know about bitcoin. But for people don't know about bitcoin they will say gold is better store of value than bitcoin. So i think that is deppend knowlegde about bitcoin.

coinwizard_

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The problem is with hiding it. You don't want to travel around with several bags of gold in your saddle. All you need now is a smart phone and a bitcoin wallet and you can travel with millions of dollars in btc

Akpuv

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Quote from: Wind_FURY on January 04, 2019, 02:08:30 AM

Wouldn't gold's physical nature be a real weakness because it could cause a "centralization in vaults" problem? How much gold can an individual legally own and store in your homes in your country?

Then there is Bitcoin. It is virtual, and it opens a world of private key ownership, and therefore, true sovereign ownership of private property which governments cannot control.

Your points are great. Bitcoin is very easy to manage and carry around everywhere you go or anywhere you may be irrespective of the quantity of the coin you may have. Gold is bulky and difficult to protect too from theft.

jademaxsuy

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Well this could not be generalize because we know gold is one a stable in terms of demand and its market price. As time pass by the value of gold get higher also the same as with bitcoin. However, bitcoin may experience a downfall of its market price value as to what happen on 2017 after reaching its peak market price which is 19K USD.

Yet, Bitcoin is one of a kind of form of investment. Bitcoin has unique value for it is being dictated by its demand and supply. The greater users demand the higher its market price for bitcoin will be and it could just happen in a short span of time likewise when users demand gets low. Bitcoin is PUMP and DUMP.

dreamax25

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Bitcoin still needs to overcome two distinct obstacles before it becomes a serious contender as a store of value.
First it needs to find a way to mitigate the high volatility of its price on the market, if that happens, and price fluctuations eventually become considerably less extreme, it will have to tackle the second challenge, of educating people as well as certain institutions that storing a part of their wealth in BTC could be in their best interest, depending on their individual situation.

https://coincodex.com/article/2797/bitcoins-potential-as-a-store-of-value/

OnceTwiceThird

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Between bitcoin and gold investment I think bitcoin is better because bitcoin have speculative price day by day, check how many time bitcoin some time at lower price and then could be higher price, we will get much profit if make investing at bitcoin than gold.

mitchr4

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For Bitcoin it is free of regulation so that people can store as much as possible without being taxed at all. Whereas Gold becomes a legitimate investment in every country and is bound by governments rules such as being taxed so that every person has a limit to own it.

rodel caling

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Quote from: Wind_FURY on January 04, 2019, 02:08:30 AM

Wouldn't gold's physical nature be a real weakness because it could cause a "centralization in vaults" problem? How much gold can an individual legally own and store in your homes in your country?

Then there is Bitcoin. It is virtual, and it opens a world of private key ownership, and therefore, true sovereign ownership of private property which governments cannot control.

Gold investing is also use it for fashion combination with the diamond their value was too expensive every year their price increase depends on the demands and volume from the market unlike investing of bitcoin are so very risky as virtual currency because of volatility function which not control by the government or any institution in the localities govern.

plr

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Quote from: Wind_FURY on January 04, 2019, 02:08:30 AM

Wouldn't gold's physical nature be a real weakness because it could cause a "centralization in vaults" problem? How much gold can an individual legally own and store in your homes in your country?

Then there is Bitcoin. It is virtual, and it opens a world of private key ownership, and therefore, true sovereign ownership of private property which governments cannot control.

Actually, I sold some of my golds to buy Bitcoin, it is a much better store of value, on gold you can only have a small profit even if you keep it for years because the price is not going 100% of the value when you purchased it, Bitcoin is a much better alternative.

Horas1976

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Bitcoin is just growing so it looks very valuable, gold has been around for thousands of years and has a fixed value. Many people are turning to bitcoin because it is considered to provide more tangible benefits for holders who are good at managing it.

Altero

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Quote from: playboy654 on January 07, 2019, 04:44:28 PM

Quote from: hahay on January 07, 2019, 02:14:59 PM

Agree, after all, even though the price of bitcoin continues to move up and down even though there is always a correction that occurs when compared to gold, then I personally still see bitcoin as a good investment value for the long term. It's about taste, I'm sure everyone has different views and choices. So with its decentralized nature I personally really like it even though we have to be mentally prepared to hit all the obstacles that must be passed.

when investing a long time become will be more powerful because Bitcoin had huge future than gold but in today situation gold is more expected by lots of people because it is more stable than Bitcoin.

Gold is having a fixed value, though it have a change in price but not as often as it happen just like with bitcoin.
The good thing with bitcoin is that, we have a huge chances to earned due to its fluctuations and that's exactly we've lookin for. I'll be holding gold also for the future cause it will be forever and I hope for bitcoin also.

MakeMoneyBtc

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When we think at gold as an investment a very few amount of people actually keep gold as an investment because it's not profitable in small amounts. In order to consider gold a profitable investment you have to invest millions of dollars and also have knowledge about how the market works. I don't think there is any maximum amount of gold a person can hold as long as everything is legal so that's should be the issue here. Taxes btw are the problem here since right now you don't have to pay any taxes for trading bitcoin(in most countries) but soon I've noticed governments start to think about a strategy to also tax people who buy and sell bitcoin.

playboy654

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Quote from: hahay on January 07, 2019, 02:14:59 PM

Agree, after all, even though the price of bitcoin continues to move up and down even though there is always a correction that occurs when compared to gold, then I personally still see bitcoin as a good investment value for the long term. It's about taste, I'm sure everyone has different views and choices. So with its decentralized nature I personally really like it even though we have to be mentally prepared to hit all the obstacles that must be passed.

when investing a long time become will be more powerful because Bitcoin had huge future than gold but in today situation gold is more expected by lots of people because it is more stable than Bitcoin.

squatter

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STOP SNITCHIN'

Quote from: Wind_FURY on January 07, 2019, 04:48:33 AM

Who's removing "Bitcoin utility"?

Removing its feature as a medium of exchange?

I believe Bitcoin is not useful as a medium of exchange first, because of the opportunity costs. The users who might be willing to tolerate that cost might be the people who are using it for illegal transactions, in which not using Bitcoin might cost them more.

Gresham's Law is relevant here. If "bad money drives out good" then we should expect people to spend fiat currencies and less valuable cryptocurrencies before Bitcoin. Bitcoin has stronger monetary properties, therefore it's rational to hoard it rather than spend it assuming one has other money at his disposal.

Without scarcity of block space, there is no post-subsidy income guaranteed to miners. So we might have free transactions, but transaction security would evaporate, so the incentive system underlying Bitcoin would be broken. That would inevitably destroy its value as money.

hahay

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Agree, after all, even though the price of bitcoin continues to move up and down even though there is always a correction that occurs when compared to gold, then I personally still see bitcoin as a good investment value for the long term. It's about taste, I'm sure everyone has different views and choices. So with its decentralized nature I personally really like it even though we have to be mentally prepared to hit all the obstacles that must be passed.

kucritt

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i dont think so, we know that bitcoin is the digital currency that maybe someday it will vanished, if blockchain that handle bticoin vanished, our bitcoin will be vanished to. how about gold? gold have the physic form and i think it will never vanish, because we hold it by ourselves

Hallmader

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As much as I want to be bias and say Bitcoin is indeed much better than gold as a store of value, I have to be objective to really see the case as it is. This is the best way for me to benefit from it as well. There are advantages and disadvantages of course. With gold you have security and stability more than anything else. With Bitcoin you have faster appreciation of value more than anything else. But the problem with the latter is that there is so much risks involved. You will not quickly get rich with gold. With Bitcoin, a year or two might be enough. But a week might also be enough to turn your wealth into nothing but air.

Gold is like a small yet sturdy house. Bitcoin is like a gigantic castle but one which is built on sand. Decide for yourself. I go for both, the former for long term and the latter for short term investment. Grin

zarubin

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