Topic: Bitcoin as a better store of value than gold - page 6. (Read 20456 times)
they both have their importance in the market. but I prefer bitcoin because of its greater value and you do not need to carry more like a gold bar. now the digital currency is rising because it is the future of ours, We support this to further widen the future currency.
maybe for the short term and get a quick profit I think bitcoin is better than gold, but for the long term gold is still one of the safest assets and it can be used as a reserve asset
for the long term though bitcoin can be more profitable than gold, look at what percentage of the increase in bitcoin prices has been made from the beginning or within a period of 5 years, compared to gold. for someone who is looking for big profits, bitcoin can be a good way, but to maintain value then gold seems a better choice.. 
Gold and bitcoin are assets that have very good and profitable potential, and both in this forum have always been topics.
bitcoin from security and convenience is more guaranteed than gold and more profitable if the price of bitcoin is always rising in price and good for long-term investment, and gold has the risk of crime and robbery if we use it or save it because gold is real and leads to crime and that often happens.
remember, crime is not because there is an intention of the culprit but because there is an opportunity with what is seen.
bitcoin from security and convenience is more guaranteed than gold and more profitable if the price of bitcoin is always rising in price and good for long-term investment, and gold has the risk of crime and robbery if we use it or save it because gold is real and leads to crime and that often happens.
remember, crime is not because there is an intention of the culprit but because there is an opportunity with what is seen.
i don't think i will agree with you on this. As it stands now, Bitcoin can not be classified as a better store of value. The volatile nature of it does not make it valuable to be seen as a better store of value. Owning a Bitcoin has two sides, its either the value increases or it decreases to the extend of you losing your money. In this case I think Gold is better store of value than Bitcoin.
the volatile nature is not a disadvantage because this is the only one that can provide us a better income compare to gold . some like btc because it is easy to obtain and the best part is you can also get it for free online , do you think gold can be able to do that ? i guess that is the reason why many people are now changing thier minds and have shift thru btc from 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?
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 don't think i will agree with you on this. As it stands now, Bitcoin can not be classified as a better store of value. The volatile nature of it does not make it valuable to be seen as a better store of value. Owning a Bitcoin has two sides, its either the value increases or it decreases to the extend of you losing your money. In this case I think Gold is better store of value than Bitcoin. 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 in terms of value is much higher than that of gold. Very few understand better about it while most of the users fear of the volatility and prefer to stick to gold. Also, bitcoin is a reserve of value which varies with time. Gold provides with the assurance of the assets one holds, the same isn't possible with bitcoin. Gold is widely found, which makes more people show interest on gold. The same will happen with cryptocurrencies as little by little Marketplaces from small scale have begun to accept and operate using cryptocurrencies.
With one account and keywords we can save as much Bitcoin as possible, while saving gold certainly requires more space because of its physical form. Bitcoin is vulnerable to theft and gold is prone to counterfeiting, meaning both have the same risk. But if you look ahead, gold is much safer and avoids the risk of loss because the price will go up even though it's not big enough, while the Bitcoin is very unstable. I think Bitcoin can't be said to be a better store of value than gold.
Most people have switched to bitcoin, maybe with a very good exchange rate on the bitcoin system rather than having gold, because the bitcoin population is very fast making many people want to have it, rather than having gold which is quite slow in price movements, maybe this is the factor everyone prefers bitcoin rather than gold ...
Since the price is volatile, the value might increase more than we expect and bring profit more than a gold can give. It has high risk to invest in but also has high potential for return investment. The price might be unstable but in the long run, it will eventually reflect it's profit when the time is right. Just decide to do long term investment as what is done with gold, surely it will benefit you more. Just make sure you keep it in a right place which gives you full control of your funds such wallet as electrum, jaxx and hodler or Hardware wallet.
If you want to just store the value then you need to go for gold as gold continue to rise in slower mode and fall just a bit but sure to get up.
While in bitcoin the phase is really fast and you can earn fast and big but never forget that you will can also lose.
While in bitcoin the phase is really fast and you can earn fast and big but never forget that you will can also lose.
Probably the storage of gold has many limitations, I think it is convenient to store Bitcoin, and to be confident in protection, although gold, a crypt, is a thief for everything, it is such a law of life, ideally it would be that only a little bit was kept and everyone had and gold and bitcoin in the right quantities, for possession.
I would say big No for one reason, Bitcoin is very very volatile. Imagine holding $1M worth of bitcoin in short time become $0.1M ! it would be a nightmare for normal people. Trading skills is required if are willing to hold bitcoin or any other cryptocurrency.
Gold's major selling point as a store of value is that it was actually used as a currency - for centuries even.
Unless there's massive fabricated hype by popular people, I don't think BTC will ever replace gold.
Unless there's massive fabricated hype by popular people, I don't think BTC will ever replace gold.
It depends on the purpose with which you use Bitcoin or gold. If you want to transfer value, then you better use Bitcoin. If you want to save money and get invective profit, but you are ready to risk, then you better use Bitcoin.
Maybe gold investment could change price about 4 until 6% every year, bitcoin have speculative price and could change just one day more than 50% but some time you will be afraid when bitcoin could be lower price just few moment,
of course not, gold is better than bitcoin because with gold you can exchange with forms that are physically original whereas if you use bitcoin you might use cryptocurrency or digtial currency and the payment does not have physical value or just digital.
However, I read an article a few days ago, contrarily, the article's conclusion said "the physical physical store of value is still earning its name as a safe haven asset while the digital alternative has yet to be able to", because gold was still correlated with the VIX but BTC was inversely correlated.
Both are unique at their level, if we store in Gold we need to store in our locker or any safe place but in Bitcoin we don't need space to store . the other thing is Bitcoin is new to many person and people are too much attract towards bitcoin that why it will give you more profit as compare to Gold. My opinion is to invest in Bitcoin is better then Gold.
here 50 to 50, I would not save money in one currency. It is better to divide, and after some period to draw conclusions.
maybe the bitcoin investment exceeds gold if the crypto currency has been inaugurated as a valid currency, of course it can happen
hope someday bitcoin can be better compared to gold. but, I think that will be very difficult. that's because gold is different from bitcoin, and gold is always an important asset. however, normal people will be more likely to choose gold than bitcoin. Jump to: