I think both are good in storing value but personally, gold would be the best option because it does not have a volatile nature like bitcoin.
Gold is a good store of value for me.
Topic: Bitcoin as a better store of value than gold - page 7. (Read 20530 times)
Gold is always better for beauty clad and it price not many increase or decrease at time. If anyone invest her money in gold he can keep some profit and it don't have high risk. Other bitcoin price highly up and down at time. If you have enough knowledge about crypto you can make high profit. Bitcoin have high risk. So i tell if you know about crypto your better store is bitcoin.
if in my own opinion bitcoin is not good for storing value, because the price is never stable compared to gold which is always stable even though it is slow for price increases. so gold is the best for storing value
If my opinion, both of them have very good value and there are similarities in the values that they have, so which one is better for assets in the future, I think if you have both it will be the biggest asset in the future, so how do you react to these two things, despite having a difference in their price factor ..
Bitcoin and gold is differs in system such as bitcoin is digital currency and gold is a physical element that has a value. Maybe comparing them would not be necessary because both of them has value.
I and my fellow crypto analyst were arguing over this matter couple of days back, for me I think gold is ahead of bitcoin for now
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 will always has value, gold has intrinsic value. Gold is uses in electrical components, so the physical nature is not a disadvantage of gold. I can't say that bitcoin is better than gold but bitcoin is better than fiat money. By the way save gold in our house is not good idea we need to save it in deposit box in bank. 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.
maybe the bitcoin investment exceeds gold if the crypto currency has been inaugurated as a valid currency, of course it can happen
There are no limit in having golds in your own home here on my country.
I would love to choose bitcoin but there are so many country who are not into it and still hard to get in many merchants or people.
GOLD is physical investment which you can have, you can sell it anytime and the government has nothing against it.
I would love to choose bitcoin but there are so many country who are not into it and still hard to get in many merchants or people.
GOLD is physical investment which you can have, you can sell it anytime and the government has nothing against it.
By this time that some of the government are not yet accepting and adopting bitcoin, then gold is still the better store of value , for it is a stable kind of value storage that can be depended, but for bitcoin it is still good storage of value ,but because of its volatility, it always changes its price value from time to time.
There are no limit in having golds in your own home here on my country.
I would love to choose bitcoin but there are so many country who are not into it and still hard to get in many merchants or people.
GOLD is physical investment which you can have, you can sell it anytime and the government has nothing against it.
I would love to choose bitcoin but there are so many country who are not into it and still hard to get in many merchants or people.
GOLD is physical investment which you can have, you can sell it anytime and the government has nothing against it.
I strongly disagree, still i favor the value of gold in which we can see the physical appearance of our investments that we could sell it in the highest bid without worrying about volatility. Unlike Bitcoin which is considered very risky because the price is really unpredictable like the results of this ongoing bearish market now in which lot of investors are now losing their money but still i believed it will bounce back as Bitcoin was in this difficult situation before and still survived.
well, compared to gold, I think gold is the best real investment. well, even though bitcoin sometimes competes with gold, but i think that bitcoin is currently experiencing a decline, so it can't be better compared to gold. but we need to see the development going forward.
Gold is a physical product and bitcoin is digital and I think if we consider the fact that bitcoin mining will end before gold mining then bitcoin is more unique. It is easier for them to count and in fact as a gift it is also a very acceptable option.
OP argues that bitcoin is a better SoV because its easier to use as a medium of exchange.
the foolish part is those that want to remove/inhibit/stall its MoE utility to be just a SoV
by removing/stalling/ sidestepping its MoV. by letting people play with promissory unconfirmed tx's on another network and requiring vaulting up coins to even use that other network. is not going to gain value of bitcoin.
What was removed, stalled, or side-stepped? You can use Bitcoin on-chain transactions all day, everyday. Go have a ball.the foolish part is those that want to remove/inhibit/stall its MoE utility to be just a SoV
by removing/stalling/ sidestepping its MoV. by letting people play with promissory unconfirmed tx's on another network and requiring vaulting up coins to even use that other network. is not going to gain value of bitcoin.
now you are just being ignorant after months of the same things being said. but your own post history can remind you if you genuinely cant even remmber your own converastions
removed: fee priority mechanisms, prices 2009-2015 were pennies. now they are more
stalled: BITCOIN NETWORK scaling: 2010 the 7tx/s number was known .. (600k tx a day) show me a day exceding 600k tx
sidestepped: many things. read the 2015 roadmap where things were meant to move along in weeks/months to scale BITCOIN NETWORK where the actual results of2019 are a tx format that is a gateway to another network and a bloat expansion (not to scale up) to try avoiding reduction of tx counts to fit bloated new features
the MoV: the very devs you love to defend are the ones shouting that bitcoin cant scale. even you and your buddies are of that mindset that bitcoin cant be MoV and will be SoV
seems you have become ignorant, and even forgetting your own mantra's and mindsets on the issues
Is that about because Bitcoin has not done the hard fork to bigger blocks until now, because the risks of splitting the chain are too great, because there are design-decisions that would let the network scale-in?
Bitcoin with small blocks, with or without Segwit, can still be used as a medium of exchange, by the way.
vaulted up coins(8 decimals) locked in fortknox(factories) to then play with unaudited promissary transaction mediums(unconfirmed 12decimal tx's) is the same business plan of banks using paper money that 'represents' gold in the 18th century
What are you talking about? Bitcoins sent through the Lightning Network are not "promisory transaction mediums", there are no "promises to pay", they are Bitcoins.
i can write a transaction on a piece of paper and hand it to someone. guess what it wont be considered a bitcoin transaction.
first rule of bitcoin/blockchains.. if its not on the blockchain it didnt happen
learn the terms "confirmed" "settled"
But no Bitcoins are being withheld by the sender in Lightning. Your example does.
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secondly the LN transactions are not blockchain transactions. ther is no guarantee that they will ever be blockchain transactions. so at best they are promises. and we all know promises can be broke.
In your own mind they are, but I beg to disagree.
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even the LN devs admit this. that they are a future promise to pay. much like showing off a bank statement that you are well funded but writing an IOU that gets adapted and re-signed before being settled
Where in that exact wording did they say it? Because they are not "promises to pay". Bitcoins are effectively sent through Lightning channels, that the receiver can broadcast on-chain, at anytime. There are no "IOUs".
I strongly disagree, still i favor the value of gold in which we can see the physical appearance of our investments that we could sell it in the highest bid without worrying about volatility. Unlike Bitcoin which is considered very risky because the price is really unpredictable like the results of this ongoing bearish market now in which lot of investors are now losing their money but still i believed it will bounce back as Bitcoin was in this difficult situation before and still survived.
if in my own opinion bitcoin is not good for storing value, because the price is never stable compared to gold which is always stable even though it is slow for price increases. so gold is the best for storing value
In storing value, i think gold is the best because it is proven in how many centuries, and it is a strongest investment worldwide. Bitcoin started in 2009 and it is known in the high value but in this point price is struggle.
if in my own opinion bitcoin is not good for storing value, because the price is never stable compared to gold which is always stable even though it is slow for price increases. so gold is the best for storing value
Bitcoin is digital gold that can hit the financial world so many banks don't like it. Bitcoin does have a decentralized nature that cannot be controlled differently from gold which has a real physical and weight, but gold storage must be safe and requires real and feasible space. Bitcoin is sometimes less secure than hackers but has more security if we can store it well and wisely.
Bitcoin is digital money that has future prospects because the use of digital technology is increasing and will become a necessity.This is different from gold which has a real form, so that
physically the price development is not as fast as bitcoin. But the level of stability is better.
I think bitcoin and hold is really a good store of value. Bitcoin is really valuable like gold but it has an unstable value, gold is really also has a big value but it has an stable price, we only need to choose what we want gold or bitcoin. It is really depend on us and in our tactics of earning on crypto feild.
OP is there any limit on how much gold will I own at home? And now, is bitcoin a better store of value than gold? Both of them have pros and cons. Imagine, you can put as much bitcoin as you want in small usb stick, which in reality could be 10 billion usd or any amount in very small usb stick. If you lose it, then you are gone.
Now imagine gold, you can wear gold necklace and when you need money, put it on pawnshop immediately and get money, you don't need intrnet for this. On another hand your gold can take much place when we talk about huge amount of value while your usb stick can keep same size and any value in bitcoins.
Now imagine gold, you can wear gold necklace and when you need money, put it on pawnshop immediately and get money, you don't need intrnet for this. On another hand your gold can take much place when we talk about huge amount of value while your usb stick can keep same size and any value in bitcoins.
Every time I will choose bitcoin over the gold. Because it has the high potential in its growth, so it is more profitable than gold.
Bitcoin as an investment is better than gold, because it has greater growth potential for income. Gold is more stable and less risky.
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