When it comes to value I think it is safer to invest in gold,
But if you want a huge profit you could invest in Bitcoin but it is much more riskier,
I just think that when it comes to long term investment it is better to go in Bitcoin.
Topic: Bitcoin as a better store of value than gold - page 3. (Read 20456 times)
What is certain for me is
Bitcoin and gold are different
In a system like bitcoin is digital currency and gold is a physical element.
Everything that has value, but the difference is Real and Digital goods. Maybe comparing them is not necessary because they have value for me.
Yeah, if bitcoin can produce a physical unit like gold then we can start comparing, just not now i guess. They are on their own world. In my opinion both bitcoin and gold are good to store of value. Gold is like the old way and bitcoin is the new way Bitcoin and gold are different
In a system like bitcoin is digital currency and gold is a physical element.
Everything that has value, but the difference is Real and Digital goods. Maybe comparing them is not necessary because they have value for me.
Bitcoin can offer us a huge amount of profit and there’s no doubt about that,but for me its needed to also have a Gold for storing because its physicality gives us assurance incase of something emergency happen,we can bring it even without electricity and internet
But indeed its bitcoin is much better for stored value than gold
But indeed its bitcoin is much better for stored value than gold
In my country I think Gold is better Because It's price always increase On the other hand Bitcoin price doesn’t increase always.Though if we think about security then bitcoin is ahead of gold.But I believe buying gold is more profitable than 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.
Another advantage Bitcoin has compared to gold is that supply of Bitcoin is limited. We know for sure that there won't be one single Bitcoin after 21m. And this should stabilize and raise the price in the future. Or for gold, we can't know how many new gold mines can be discovered in the future.
I agree, because Bitcoin will increase its exchange rate quickly and will not be obsolete with time, even though its physical form changes but the selling value is still the same. while the Gold selling value is not so significant, because there are many things that make the selling value go down like physical damage, reduced weight and much more.
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.
Quote
There is no restriction for an individual to own any specific amount of gold, it is purely our choice however as per the new rules in my country we need to maintain accurate income statements even for the gold we possessed.
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.
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To purchase bitcoin we need FIAT so few bankers are investigating the customer accounts dealing with bitcoin transactions and restricting those accounts from use. Even if the ban is implemented in a country always there was various ways to execute bitcoin transactions and banking system is worried if investors are prioritizing crypto currencies that turns a negative sign for country revenue.
What is certain for me is
Bitcoin and gold are different
In a system like bitcoin is digital currency and gold is a physical element.
Everything that has value, but the difference is Real and Digital goods. Maybe comparing them is not necessary because they have value for me.
Bitcoin and gold are different
In a system like bitcoin is digital currency and gold is a physical element.
Everything that has value, but the difference is Real and Digital goods. Maybe comparing them is not necessary because they have value for me.
In my opinion, Gold is more stable, but profit is not as great as from bitcoin. Bitcoin is not stable right now,
but the potential is very high, as is the likelihood that its price can greatly increase, given the fact that it was already $19,000 in 2017.
Cryptocurrencies don’t have any government control, are globally acceptable and provide a new safe haven for storing values, although these are volatile.
but the potential is very high, as is the likelihood that its price can greatly increase, given the fact that it was already $19,000 in 2017.
Cryptocurrencies don’t have any government control, are globally acceptable and provide a new safe haven for storing values, although these are volatile.
Bitcoin needs to prove itself reliably. Because of such price jumps in a fairly short period of time, it will not be able to compete with gold for a long time. Here, first of all, we need stability.
I remember couples year 2016/2017 precisely on my post account I was in support of the motions that bitcoin was a better store. But since 2018 bear have started correcting that motion. Gold doesn't depreciate in price like btc did in the last 350days+ so it's a better store with my experience. Gold is. At least you would've a peace of mind if it's in a safe place. If you don't gain you won't lose what you have.
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.
I agree with you there are many benefits of bitcoin than the gold except to store of values money, on the bitcoin we can take full of control of our values in the bitcoin, bitcoin does not needed third party except we want sell them on the market, it is so simple than trade the gold to fiat money and no need long time to on the bitcoin transaction processing be compared by 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.
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.
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.
Comparison of bitcoin and gold is now an old topic, i am seeing this comparison from the very beginning when i started to learn about cryptos.
Decentralization and anonymity of bitcoin has given superiority to bitcoin over gold and i think its enough to prove that which store of value is better between these two(bitcoin and gold).
Decentralization and anonymity of bitcoin has given superiority to bitcoin over gold and i think its enough to prove that which store of value is better between these two(bitcoin and gold).
ahh isn't it documented that gold was killed for and taken during Queen Victoria and to establish any ownership you had to know someone in government. which is why proof of work and profit sharing in bitcoin is NEW freedom and monatary sovereignty.
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. 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.
I do think so, bitcoin is just similar to gold because it is valuable now but what if time willl come that it will be just priced as a hundred dollars ? Gold has so much more option not just bars. Hence, bitcoin contains high volatility that will make the asset uncertain and unstable.
Of course for me BTC is better store of value than gold, yes gold is visible and you can owned it and hold but it is needed to keep very safe from others. Unlike BTC were easy to change and easy to keep and of course a good value.
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.
From one side, gold has proven its worth over a period of time and Bitcoin hasn’t really even been here for that long. However, when it comes to the actual store value, I believe bitcoin really is much better in the long run. Also think about how you would secure or keep gold, you would need to find storage and all of that could be quite expensive. With bitcoin to be secure you only need a small amount money and Eexchanging and sending it is also much faster and cheaper. Gold probably was the best value, but only until Bitcoin came.
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