Bitcoin as a better store of value than gold - page 2.

Ayiranorea

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Quote from: Daniel91 on March 11, 2019, 03:45:04 PM

Quote from: ShakilTaj35 on March 11, 2019, 03:06:15 PM

I am agree with you. Government has no control on BTC. It's a hidden assets. Besides the value of BTC increase more than Gold in a short time.

Yes, but bitcoin also decreased much more than Gold

Definitely, bitcoin is not right investment for investors who prefer stability over long time.
In my opinion, bitcoin is good for speculation and fast profit but gold is much better financial asset long term.

The growth difference between gold and bitcoin is far away on various factors. This can be of the growth through usage similar to fiat, as payments on marketplace and so on. In simple terms gold is good for users with specific needs. With bitcoin it is good for users who prefer taking risk profiting in short term.

Daniel91

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Quote from: ShakilTaj35 on March 11, 2019, 03:06:15 PM

I am agree with you. Government has no control on BTC. It's a hidden assets. Besides the value of BTC increase more than Gold in a short time.

Yes, but bitcoin also decreased much more than Gold

Definitely, bitcoin is not right investment for investors who prefer stability over long time.
In my opinion, bitcoin is good for speculation and fast profit but gold is much better financial asset long term.

xnxxyz

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I think Bitcoins have a better value than gold because of the physical barrier as well as higher rates. Of this crypto currency is steady for a really long time then the next generation would rather invest in Bitcoins than gold. You have got a point here

Joseph R. Cord

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It's only sensible that we keep multiple investment options to help our self, I don't prefer getting one-zoned!

ShakilTaj35

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I am agree with you. Government has no control on BTC. It's a hidden assets. Besides the value of BTC increase more than Gold in a short time.

Onuohakk

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Well as at the moment I would not say bitcoin is a better store of value than gold because cryptocurrency is very much volatile and the prices varies so often unlike gold

yvesp110

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Quote from: Vanshenz on March 10, 2019, 10:28:34 PM

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.

to be honest I as a woman prefers gold as a tool to invest, because the risk of experiencing losses is already counted, even though I also save some of my money in bitcoin, but I save more of my money in gold, because I can use it for jewelry.

Yes right but being as an investor you should not think about lose try to be positive and make wise decision, here don’t think like women but as an investor, and according to me you should invest whole in bitcoin because the risk is not even there, for gold if you have counted lose here you will not lose anything, it is most promising investment.

antisocial77

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it is not yet, maybe it will never be.gold is the oldest and safest investment for a centuries.it is not an only investment, it is the best way to keep your assets.it is for me at least.however i dont have any gold but bitcoin

1BTC EQUALS 1CAR

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Indeed because when you have gold, you can only carry enough amount that you can but with bitcoin, you can access anywhere in the world or anytime that is convenient to you. I think gold is more like a collection and btc really suits the store of value.

keanne_isaac

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It depend on what entry price you buy bitcoin and same time with gold. Bitcoin is more volatile and risky than gold but the chance to earn profit in bitcoin is also high than gold in bitcoin if the price surge you can double your investment in less than a year but in contrast if it falls hard you can loss also your investment unlike gold its price move upward gradually over time.

TheBlock

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We all know the majority (in the world) store value in gold it has it pros and cons its actually physical and everyone know what it is, but btc has it other pros and cons its more portable and people wont be able to mine them anymore so its more interesting for the people who knows.

Maybe one day all the gold will be found and the price will go up or people will find more and the price might go down a bit

Vanshenz

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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.

to be honest I as a woman prefers gold as a tool to invest, because the risk of experiencing losses is already counted, even though I also save some of my money in bitcoin, but I save more of my money in gold, because I can use it for jewelry.

MonaLeeTracy

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Quote from: Rimon365 on March 09, 2019, 04:54:02 AM

I agree with you. It is safe to keep bitcoins than gold. Besides, there is the possibility of increasing the price of bitcoin more than the price of gold.

we don't doubt the increase in the price of bitcoin, because the increase in bitcoin is faster than the increase in gold whose movements are also quite long, and sometimes waiting for the price of gold to rise is more boring than bitcoin.

UmerIdrees

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Quote from: Danslip on March 06, 2019, 01:58:07 PM

Quote from: EriksonPartners on March 06, 2019, 05:42:52 AM

I don’t know who would actually make the switch. Bitcoin is similar to gold in many ways, only it’s much more convenient and because of its decentralisation it’s an amazing inflation hedge (as some already said). Store of value and liquidity is not an issue for bitcoin.

Bitcoin is estimated as a risky financial asset and I hesitate it can replace the gold as a cryptocurrency store of value. For replacement, there are genuine alternatives that volatility is lower than the daily velocity of bitcoin's price. Investors sell their risky financial assets when crisis nock the door and their money flows to safe assets like gold. I doubt they will transfer their wealth to cryptocurrency.

Bitcoin was not meant to replace gold. It will replace the paper currency only. Even currently when paper currency is being used every where, Gold still exists and will exists always.

Quote from: Zero1One0 on March 07, 2019, 12:19:01 AM

True. Bitcoin is more portable compared to gold.
But withstanding the test of time, gold and silver has been the only "real money" for 5000 years.

The digital revolution that we are experiencing is exciting and is also changing money as we see and use it.
I would suggest to try and acquire both BTC and some gold/silver if you can get hold of it.

Both are better storage of your economic energy than fiat for long term.

If you say that bitcoin is more portable compare to Gold than i would say it is more risky too and can be theft easily because of its online availability. Gold is a physically asset cannot be stolen unless someone physically broke into your house.

Rimon365

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I agree with you. It is safe to keep bitcoins than gold. Besides, there is the possibility of increasing the price of bitcoin more than the price of gold.

Itsmylife

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Quote from: Infek on March 08, 2019, 11:55:08 AM

In my opinion, anyway, a large number of people will trust gold than any virtual currency, that cannot be held in their hands. Gold can always be stored in bank cells.

You must know that a lot of government still not recognize the virtual currency as a currency unit. But at the time that virtual money is used popular, people will change their minds because we want to store something tiny but have big value and safer.

anggi

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Quote from: gesdan on March 08, 2019, 09:11:21 AM

if we see from the value, i think the price of bitcoin is more than the gold, but we can see that the popularity and the reliability is better the gold more than the bitcoin, and i think that the bitcoin price is not good for currency because of the price is not stable

in terms of price, of course bitcoin is far better than gold, moreover bitcoin is also the best type of investment for now. however, when compared to gold, I think that gold has many enthusiasts at this time, because of stability, function, and others.

Infek

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In my opinion, anyway, a large number of people will trust gold than any virtual currency, that cannot be held in their hands. Gold can always be stored in bank cells.

gesdan

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if we see from the value, i think the price of bitcoin is more than the gold, but we can see that the popularity and the reliability is better the gold more than the bitcoin, and i think that the bitcoin price is not good for currency because of the price is not stable

asus09

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I agree, but the problem is not just as you say.
however, everyone has a different perspective, especially for virtual currencies such as bitcoin. every risk always exists, because both contain elements of money that are not small.

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