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Topic: "Global wealth preservation" (Read 371 times)

hero member
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Leading Crypto Sports Betting & Casino Platform
April 04, 2024, 06:32:15 AM
#32
Priority is not only the two stores of value that you have mentioned. In terms of global wealth preservation, we still consider real estate, fine arts, silver, stocks, bonds, etc. as assets of value. Despite the fact that all of them differ in price volatility (fluctuation of price), they all also contribute to wealth preservation from the time when Bitcoin was not even in existence. 

I think it's simple to answer this question. Bitcoin is an asset that holds value, and like in the beginning, so many people did not even think of investing in Bitcoin, but since the value of Bitcoin has been uncovered, the majority of the world population is all clamoring to have at least one Bitcoin or some fraction of it, and we all know that Bitcoin has a limited supply and not an infinity supply. Therefore, there is still hope that the Bitcoin price will continue to surge in the future and that people will continue to use it. Look at how so many people are now accepting Bitcoin in their businesses as a second option for payment. 

On the other hand, gold has a lot of uses. To add up to what someone already said, so many technology companies use Bitcoin for their construction; some motto companies are even using gold to build some motto parts. There are many important uses of gold, but a few to mention.
Bitcoin is different. Luxury art and real estate are solid, but Bitcoin? The future is today. People, this goes beyond numbers. Change the game and secure your money with the classics. Because people see it, the enthusiasm is real. Bitcoin proven its worth. What about businesses? They embrace Bitcoin, not simply accept it. Being ahead of the curve is smart. Bitcoin is about improving processes, not just alternatives. Its limitation is intentional. Supply and demand have always worked in this way. Smart people realize Bitcoin's potential because of its power.
newbie
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April 03, 2024, 06:19:37 AM
#31
In what ways do the historical narratives and cultural perceptions surrounding gold as a traditional store of value intersect with the emerging narrative and evolving cultural perception of Bitcoin as a digital store of value, and how might these intersections shape the future landscape of global wealth preservation?


The perception of gold as a storage alternative creates value for the future as a valuable asset for preserving wealth, but Bitcoin has limited value even though it has many uses in business and storing gold has a high value and can be used at any time if needed. This valuable metal is widely used. save wisely preservation of global wealth with huge positives occurring between gold and bitcoin mutually with global savings
Thank you for sharing your insights and perspectives!
hero member
Activity: 2842
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April 02, 2024, 07:29:33 AM
#30
In what ways do the historical narratives and cultural perceptions surrounding gold as a traditional store of value intersect with the emerging narrative and evolving cultural perception of Bitcoin as a digital store of value, and how might these intersections shape the future landscape of global wealth preservation?

Thank you for sharing your insights and perspectives!

Gold will still be dominant in my opinion, it has proven itself already, specially in WWII wherein Gold was really the hedge for reconstruction after the devastation of war. Although in the other side, Bitcoin has also proven itself during the pandemic as even ordinary and average joe was able to hedge their wealth on it.

I think it already shaping the future already, there are no known numbers yet, but we have seen that in the last 5 years, there are a big growth as far as Bitcoin holders is, and we have hear big companies or individuals or institutions already investing money. And with that, a would say that the narrative is good and future is bright for us.
hero member
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Leading Crypto Sports Betting & Casino Platform
April 02, 2024, 07:18:53 AM
#29
Priority is not only the two stores of value that you have mentioned. In terms of global wealth preservation, we still consider real estate, fine arts, silver, stocks, bonds, etc. as assets of value. Despite the fact that all of them differ in price volatility (fluctuation of price), they all also contribute to wealth preservation from the time when Bitcoin was not even in existence. 

I think it's simple to answer this question. Bitcoin is an asset that holds value, and like in the beginning, so many people did not even think of investing in Bitcoin, but since the value of Bitcoin has been uncovered, the majority of the world population is all clamoring to have at least one Bitcoin or some fraction of it, and we all know that Bitcoin has a limited supply and not an infinity supply. Therefore, there is still hope that the Bitcoin price will continue to surge in the future and that people will continue to use it. Look at how so many people are now accepting Bitcoin in their businesses as a second option for payment. 

On the other hand, gold has a lot of uses. To add up to what someone already said, so many technology companies use Bitcoin for their construction; some motto companies are even using gold to build some motto parts. There are many important uses of gold, but a few to mention.
legendary
Activity: 2576
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April 02, 2024, 12:37:21 AM
#28
I love how you put your question. You made me feel like I'm a student called by my professor for a graded recitation.

Anyway, gold and Bitcoin have their pros and cons. The disadvantage of one may be addressed with the other. I guess this is where they intersect. For example, storing gold is difficult. Storing Bitcoin, on the other hand, is relatively easy. Or moving gold from one place to another, especially in bulk and across borders, involves so much risk. That isn't the case with Bitcoin.

On the other hand, gold has already established its value for millennia. And it's not just aesthetic value or even monetary value. Gold has practical values as well. It's used in various technologies.

I guess the bottom line is that both deserve a space in the menu of wealth preservation. It's gonna be up to your preference which you choose. But you can always have both.
hero member
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April 01, 2024, 11:07:01 PM
#27
In what ways do the historical narratives and cultural perceptions surrounding gold as a traditional store of value intersect with the emerging narrative and evolving cultural perception of Bitcoin as a digital store of value, and how might these intersections shape the future landscape of global wealth preservation?

Thank you for sharing your insights and perspectives!

You just have to look at El Salvador, as they experimented and make Bitcoin a legal currency and then the government investing on it together with Gold as their reserves. So far he has been criticized when the price of Bitcoin goes down hard, but now that we are in the bull run, they are making profits.

That's just one example of how Bitcoin has change the narrative already at one angle. And then we have the approval of Bitcoin Spot ETF in the US, investors are exposed to it and obviously it's another vehicle to this rich to get their money grow and preserved it.
sr. member
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[btc] or nothing more 📈💹 up we go
April 01, 2024, 06:26:05 PM
#26
In what ways do the historical narratives and cultural perceptions surrounding gold as a traditional store of value intersect with the emerging narrative and evolving cultural perception of Bitcoin as a digital store of value, and how might these intersections shape the future landscape of global wealth preservation?

Thank you for sharing your insights and perspectives!
This conversation is just like compearing gold to Bitcoin and like asking how Bitcoin can eradicate the the use of goLd and setting another system. If so you are pretty right. Over the years gold has been used as a store of value and a precious stone but yet has limitations which means it could not do better than just being a mire precious and lovely nice looking edifix but now Bitcoin has come to add more value to gold, by making it a digital asset meaning that it serves as a representative of gold in online form since they can't produce Bitcoin physically, Gold is used in replacement of Bitcoin physically but depends on the quantity needed while Bitcoin is the Oder online version of it. And it can travel world wild.
full member
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April 01, 2024, 05:22:06 PM
#25
In what ways do the historical narratives and cultural perceptions surrounding gold as a traditional store of value intersect with the emerging narrative and evolving cultural perception of Bitcoin as a digital store of value, and how might these intersections shape the future landscape of global wealth preservation?

Thank you for sharing your insights and perspectives!
I do think that gold became more of a traditional store of value during the historical times when the U.S were so dabbled in the civil wars and needed funds.  Fortunately there was gold to fund troops and feed and for use to rebuild.
The country boast of having the highest gold reserve in the world hence why it remains world power and when it comes to technological advancements and innovations that includes the block chain and cryptocurrencies in general they sure are not left behind while making every effort to regulate and own as much spot exchange traded funds asset  and Bitcoin ATM machines as well as it being accepted for payments upon completion of transactions.

What I find as the intersection is that a gold reserve as a store of value and Bitcoin assets as same, remain a key to independence and sovereignty of the owners because it is sure to remain valued and with potential of getting to an ATH that is as a result of its demand and supply accordingly. 
jr. member
Activity: 408
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April 01, 2024, 11:58:13 AM
#24
Bitcoin is really worth it, when it comes for wealth preservation, because the total supply is very limited and very scarce in the cryptocurrency market which demand always higher than supply in the ecosystem of the financial sector.
hero member
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I am terrible at Fantasy Football!!!
March 31, 2024, 07:20:39 PM
#23
In what ways do the historical narratives and cultural perceptions surrounding gold as a traditional store of value intersect with the emerging narrative and evolving cultural perception of Bitcoin as a digital store of value, and how might these intersections shape the future landscape of global wealth preservation?

Thank you for sharing your insights and perspectives!
This is easy, there is a reason why historically the civilizations of the past choose gold as their money, and that is because gold by nature has almost all the characteristics you may want on the ideal form of money, and it is why it was used this way for thousands of years, and bitcoin has all of those characteristics and it also has several improvements over some key areas, making it very obvious for anyone that can put two and two together, that bitcoin could at some point become the preferred method to store value around the world.
hero member
Activity: 2660
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March 31, 2024, 01:41:04 PM
#22
In what ways do the historical narratives and cultural perceptions surrounding gold as a traditional store of value intersect with the emerging narrative and evolving cultural perception of Bitcoin as a digital store of value, and how might these intersections shape the future landscape of global wealth preservation?

Thank you for sharing your insights and perspectives!
Haha, first of all, this advance thanks seems nice,

Moving to the topic, Historical narratives hmm, Gold was and will be the most attention-seeking store of value for traditional investors, most retail investors store money in such means and Bitcoin is still unfamiliar to them.

I know there's a mass adoption and education related to Bitcoin covered in this cycle but still, somewhere we are lacking as the street person is not convinced haha, at least in underdeveloped countries like mine. I know there's a huge number already familiar with Bitcoin but still, there is a massive number that is uncovered.
I don't want to be mean here but I think the word " traditional " can also refer to the older people, and we know most of them, they are less interested on the internet or on the new stuffs, no wonder why many of them are not yet aware of Bitcoin. Maybe there is a mass adoption right now because the hype of Bitcoin this cycle is different as there are a couple of major positive events that happened and will still going to happen, while the education in regards to Bitcoin are always there. Just don't stress your self too much on those people who are not yet here because I'm sure time will come that they will hear it and be obsessed with it.
newbie
Activity: 92
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March 25, 2024, 06:29:38 PM
#21
In what ways do the historical narratives and cultural perceptions surrounding gold as a traditional store of value intersect with the emerging narrative and evolving cultural perception of Bitcoin as a digital store of value, and how might these intersections shape the future landscape of global wealth preservation?

Thank you for sharing your insights and perspectives!
Gold has been a precious stone right from time memorial and it keeps increasing in value, Whereas bitcoin is a digital coin that also has value that appreciate with time, I feel the intersection can only come in terms of potential values they both share, but distinctively they stand separately because gold is a physical asset while bitcoin is a digital asset, Hypothetically they are both mined. Well, you can put it this way, since Gold has been an old method of saving value, bitcoin is now the new sheriff in town with a more innovative way to store your assets.

Gold and Bitcoin may converge in terms of their potential values as stores of wealth, but they stand apart due to their distinct characteristics and the innovative mechanisms through which they offer asset storage and value preservation. Bitcoin represents a novel approach to storing value in the digital age. Bitcoin's digital nature provides advantages in terms of portability, divisibility, and accessibility. Gold's physicality of offers tangible reassurance and historical precedent. The intersection between gold and Bitcoin lies in their shared role as alternative stores of value in an ever-changing financial landscape. Both assets offer different benefits and can be hedges against systemic risks and currency devaluation. Their unique properties and underlying technologies distinguish them as separate asset classes, each with its own strengths and considerations for investors.
legendary
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March 25, 2024, 05:01:26 PM
#20
Bitcoin, we consider it a digital currency called cryptocurrency, which only virtually exists. And a few others consider Bitcoin to be a digital asset. Whatever you consider Bitcoin has a store value. Either the value will increase or decrease based on demand. Gold is a physical asset that is always considered an asset. So gold and bitcoin won't be compared in the same way. Bitcoin won't be unlimited, so since it's a limiter edition, the value will probably keep increasing if you compare it with gold, which doesn't have a limit. Bitcoin just needs a massive global adaptation to be considered a store value globally. 
member
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March 25, 2024, 04:45:35 PM
#19

    Everyone knows the strength and value of Gold from inception, but Bitcoin coming out all of a sudden with its scarcity , immutability , durability and store of value within a short period of time compared to Gold, makes the world says ,Bitcoin is also referred to as digital gold.

   A store of value, is an asset which keeps it's purchasing strength over time, instead of reducing in value.

   Bitcoin is becoming an important force in the economy ,since it has met the requirements of a store value , better than any other form of money ,and Bitcoin is limited in supply than Gold and other, but has appreciated on value against Gold since inception .
sr. member
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March 25, 2024, 12:40:34 PM
#18
In what ways do the historical narratives and cultural perceptions surrounding gold as a traditional store of value intersect with the emerging narrative and evolving cultural perception of Bitcoin as a digital store of value, and how might these intersections shape the future landscape of global wealth preservation?

Thank you for sharing your insights and perspectives!

Bitcoin and gold are two different valuable assets,with different purposes to humanity,financial technology and to the real world at large.

Another area in which Bitcoin and gold differ is utility—these assets have vastly different use-cases in the real world.

Historically, gold has been used as both a currency and as raw material for the production of jewelry. It has also found use in luxury items, electronics, and dentistry.One of the most important industrial uses of gold is the manufacture of electronics.

However,bitcoin on the other hand, has little use and functionality in the real world,compared to gold,but has more applications in financial aspects.

https://www.moonpay.com/learn/bitcoin/bitcoin-digital-gold
legendary
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March 25, 2024, 11:58:57 AM
#17
In what ways do the historical narratives and cultural perceptions surrounding gold as a traditional store of value intersect with the emerging narrative and evolving cultural perception of Bitcoin as a digital store of value, and how might these intersections shape the future landscape of global wealth preservation?

Thank you for sharing your insights and perspectives!
Comparison has always been clumsy, it shares some charactericts loosely similar to gold, as it shares them with fiat money. Yet gold is the best real world comparison we got, until bitcoin becomes self explationary.

Gold is store of value, because it's scarse, it was able to be used for many things, with just basic tools. These days other materials have mostly replaced it, but it has stayed as a symbol, and still can be used for extraoridinary things without complex tools. It's hard to use for replacing fiat money, as price of it would grow and people would rather hold it and buy more of it later, if ever, as the value woul keep on growing.

Economy wouldn't work without transactions and there's a same problem with bitcoin as a money. People rather hold it then use it for services, as it's scarce and who know what value it has in 10 years.
Bitcoin has however designed to be digital cash. Cash was bound to gold as well, but soon governments saw the problem with it. Without ability to control it. It wouldn't benefit any government. In fact it could be used against it. Governments could literally be bought and there was no buffer on it to deal with volatility or crisis. Also when people rather store money then invest it or use it, economies aren't rising.
sr. member
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March 25, 2024, 11:57:29 AM
#16
In what ways do the historical narratives and cultural perceptions surrounding gold as a traditional store of value intersect with the emerging narrative and evolving cultural perception of Bitcoin as a digital store of value, and how might these intersections shape the future landscape of global wealth preservation?

Thank you for sharing your insights and perspectives!
Gold has been a precious stone right from time memorial and it keeps increasing in value, Whereas bitcoin is a digital coin that also has value that appreciate with time, I feel the intersection can only come in terms of potential values they both share, but distinctively they stand separately because gold is a physical asset while bitcoin is a digital asset, Hypothetically they are both mined. Well, you can put it this way, since Gold has been an old method of saving value, bitcoin is now the new sheriff in town with a more innovative way to store your assets.
hero member
Activity: 1232
Merit: 475
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March 25, 2024, 10:37:46 AM
#15
In what ways do the historical narratives and cultural perceptions surrounding gold as a traditional store of value intersect with the emerging narrative and evolving cultural perception of Bitcoin as a digital store of value, and how might these intersections shape the future landscape of global wealth preservation?

Thank you for sharing your insights and perspectives!
Historically back then there was no technology, and people were so attached to there cultural perceptions that they didn't want to leave the circle that their culture had drawn around them. But with technology, some people tried to leave there safe zone and moved from a traditional store of value to a digital store of value, and when they made huge profits then the other ones also got attracted.

But some are still so attached to culture and historical concepts, that they are the ones who will be left behind due to not adopting new technologies. I think for the global wealth preservation, both gold and BTC should be used combined because usage of one and leaving the other would loss some part of the global wealth to loss money.
sr. member
Activity: 560
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March 25, 2024, 10:30:33 AM
#14
In what ways do the historical narratives and cultural perceptions surrounding gold as a traditional store of value intersect with the emerging narrative and evolving cultural perception of Bitcoin as a digital store of value, and how might these intersections shape the future landscape of global wealth preservation?

Thank you for sharing your insights and perspectives!

Bitcoin is a digital decentralized currency, a means of payments and also a unit of store of value, a profitable investment and a decentralized asset, while gold is only a physical and tradition centralized asset, gold is scarce while bitcoin is not, gold appears in abundance supply yet not circulating while bitcoin has a limited supply, increasing in value and remain in circulation for use.

The similarity between gold and Bitcoin is that they're both valuable assets, while their major difference is that gold is scarce while Bitcoin is not, also gold is centralized while Bitcoin is decentralized, finally gold is physical and can be used to produce jewelries while Bitcoin is only in digital. So aside from the facts of their similarities that people have accepted both as valuable investments and their values will not diminish and they can be traded for valuables like fiat, they have so much more that sets them apart as mentioned above.
legendary
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March 25, 2024, 09:57:21 AM
#13
In what ways do the historical narratives and cultural perceptions surrounding gold as a traditional store of value intersect with the emerging narrative and evolving cultural perception of Bitcoin as a digital store of value, and how might these intersections shape the future landscape of global wealth preservation?

Thank you for sharing your insights and perspectives!

people trusted gold as its physical presence could not be forged individually compared to other common traditional currencies
EG paper records can be edited, 'notching sticks' can be made by anyone, but gold had unique properties

blockchain solved the digital problems of fraud, forgery. where by a public ledger can keep the integrity of unit audits where individuals cant edit/replicate/double spend
(just be sure to not confuse a custodians separate CEX database balance, as being proof of reserves)
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