Topic: Bitcoin as a better store of value than gold - page 13. (Read 20456 times)
That's not true that bitcoin is better than gold because bitcoin can disappear anytime of cryptocurrency gonna banned all over the world. Gold's price is very stable than bitcoin going up and down.
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.
Both of it can't be compared, Gold and bitcoin is like bitcoin and Paypal. They have their unique things that other don't have. I think it is good to be like this, both of it can be used by everyone.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.
I think they can be compared because both are being looked at as stores of value, right? So we are comparing them by their properties as stores of value and these are volatility, ease of exchange, ease of storing, and such.
I think that Bitcoin still doesn't retain its value as good as gold but it wins in all other categories. Gold is difficult to transport, exchange, divide, value unless you have gold coins.
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.
Both of it can't be compared, Gold and bitcoin is like bitcoin and Paypal. They have their unique things that other don't have. I think it is good to be like this, both of it can be used by everyone.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.
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.
Both of it can't be compared, Gold and bitcoin is like bitcoin and Paypal. They have their unique things that other don't have. I think it is good to be like this, both of it can be used by everyone. 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.
I think that it cannot be separated from a situation and condition, bitcoin is more than gold as a store of value because it can provide large profits, but bitcoin is not stable and it will be very risky.
I will not be hypocritical here, but for safely, gold is better for storing the value of your money. the price of gold is very stable at any time, so it is perfect if you want to save the value of your money. in the Middle Ages, the price of 1 chicken was only 1 gold dinar. and until now the price of 1 chicken is still the same as 1 gold dinar, you can look for it on google. this proves that gold is the right tool to maintain the value of your money
in investing everyone certainly has different choices and judgments, most of them also like Gold as their investment, some also prefer to invest in bitcoin, if for now I prefer to invest my money in bitcoin, because I think bitcoin will quickly be able to give me a big profit than I invest in buying gold.
I, as a participant in this forum, also believe that Bitcoin is a good means of preserving value only if we consider it in the long term. But at the same time, you need to understand that bitcoin storage and gold storage has its advantages and disadvantages, and each person chooses what is best for him.
Gold is a better store of value currently for me because it doesn't fluctuate in value like bitcoin and other cryptocurrencies and so for me to have something to tore my value i will prefer stability above everything else and gold offers me a more stable value for my assets than bitcoin at the moment.
I, as a participant in this forum, also believe that Bitcoin is a good means of preserving value only if we consider it in the long term. But at the same time, you need to understand that bitcoin storage and gold storage has its advantages and disadvantages, and each person chooses what is best for him.
even though bitcoin is better than gold but you have to know at this time many don't know about using bitcoin to do shopping and now the price of gold is more expensive than bitcoin, bitcoin should be as expensive as gold but there are still many pros and cons to make bitcoin difficult to beat the circulation of gold prices.
I even see that the existence of bitcoin is increasing, even the price movements every year go far beyond what happens to gold. Bitcoin is far more interesting and in this digitization era, the flexibility that Bitcoin has is an advantage that is difficult for gold to face. but everyone must have their own opinions. we all need to be able to take advantage of every situation that exists, personally I prefer bitcoin compared to gold. maybe if calculated then I will choose bitcoin as much as 80 percent and the rest I use to buy gold. even though bitcoin is better than gold but you have to know at this time many don't know about using bitcoin to do shopping and now the price of gold is more expensive than bitcoin, bitcoin should be as expensive as gold but there are still many pros and cons to make bitcoin difficult to beat the circulation of gold prices.
It depends on someone who has bitcoin and for those who have gold. You say bitcoin is better than gold because you are a bitcoin investor, but for those who choose to invest in gold will say gold is better than bitcoin. Logically, these two opinions are not wrong, they have their true side. However, gold and bitcoin are options for you to invest, both of which can give their investors an advantage.
even though bitcoin is better than gold but you have to know at this time many don't know about using bitcoin to do shopping and now the price of gold is more expensive than bitcoin, bitcoin should be as expensive as gold but there are still many pros and cons to make bitcoin difficult to beat the circulation of gold prices.
The amount of bitcoin circulating's very limited which is only 21 million pieces. Meanwhile, until now gold is not yet known what the exact total number is, so the price of gold tends to be easier to manipulate.
We certainly are already familiar with the statement that bitcoin is better than gold, especially for users who have known for a long time the positive characteristics of bitcoin. As long as bitcoin exists, it always provides many benefits for its users because it's fast, safe, decentralized, gives privacy and transparency to users, and puts users able to control their own money.
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.
We certainly are already familiar with the statement that bitcoin is better than gold, especially for users who have known for a long time the positive characteristics of bitcoin. As long as bitcoin exists, it always provides many benefits for its users because it's fast, safe, decentralized, gives privacy and transparency to users, and puts users able to control their own money.
In my opinion yes, because new amounts of gold will surge the price down and discovery of mineral can happen any time while with btc the story is different (asset which is not physical but still amount/number is limited). Also not controlled by governments *at least I tend to believe this*. So my vote goes for bitcoin.
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.
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.
Bitcoin might be prone to the same "centralization in vaults" problem. Even in these early days, Xapo is holding billions of dollars worth of BTC in its vaults. Imagine what will happen when we start seeing established, high volume physically settled futures markets like gold has.
There's an erroneous assumption often made that Bitcoin investors want to personally secure the coins they buy. The more established it gets as an asset class and the more valuable it becomes, the more traditional and institutional investors enter the market. These investors want institutions to provide custody services. They don't want to "be their own banks."
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.
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.
Why bitcoin always compared into Gold? it is actually, that bitcoin was a virtual type while the other one was a physical Gold.
They are really differ to one another, when it comes to their price value, it is already surpassed by Bitcoin a years ago as far as I know.
Maybe for other's community here they assume Bitcoin as one of the virtual or digital gold.
I won't compare between bitcoin and gold because it's different and both bitcoin and gold have pros and con. People in out there still prefer to store gold because they don't know about bitcoin. But for people who know bitcoin, they will save bitcoin and gold at the same time, and they use both bitcoin and gold as their investment.
it is a mistake to compare bitcoin of today with gold of today and then talk about their pros and cons like this. most of the "cons" that you think bitcoin has comes from it being brand new and fresh in the market. it just turned 10 while gold has been around for hundreds of years and have been used as a store of value just as long.
I think the worst part of owning physical Gold are the paper trial it leaves behind. History in the USA has shown that Gold ownership can be restricted or banned, if the government wants to do that. It will be easy for these governments to track down Gold owners based on the paper evidence and then confiscate that Gold, if they wanted to.
Bitcoin owners protect their wealth with pseudo anonymity and no government can touch it, no matter how corrupt they are. Once they start banning it, Bitcoin owners can transfer it to someone in another country and they can simply relocate to their wealth.
Try doing that with physical Gold.
Bitcoin owners protect their wealth with pseudo anonymity and no government can touch it, no matter how corrupt they are. Once they start banning it, Bitcoin owners can transfer it to someone in another country and they can simply relocate to their wealth.
Try doing that with physical Gold.
Gold are a good investment as the price are more stable and the other hand the price of bitcoin are very volatile this day and very risky but also very profitable if it hit a bull. So both is a good investment with it own risk.
precisely. both are very good investments, but risky. however, the potential of bitcoin is indeed faster compared to gold, however, gold has a smaller risk, and is stable compared to bitcoin. for now, I might prefer gold.
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?
I don't know how much gold we can keep in our homes because I think it will be different from one country to another country. But I heard that we could store gold in the safety box in the banks so we can use their services by paying some fees.
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.
I won't compare between bitcoin and gold because it's different and both bitcoin and gold have pros and con. People in out there still prefer to store gold because they don't know about bitcoin. But for people who know bitcoin, they will save bitcoin and gold at the same time, and they use both bitcoin and gold as their investment.
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