Bitcoin Forum

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.

There is also a 10-15% markup for physical gold purchases. People actually storing it in vaults compared to getting the paper certificate for gold are rare. It's very similar to the central banks paper printing people are supposed to value.

Bitcoin you can actually own, hold and transfer fairly easily anywhere in the world.

most people in my country use gold as jewelry, there are still minimal people using it as an investment in real assets

yes, I agree that we have bitcoin as a hidden asset and tax free from the government, but the downside of the bitcoin wallet is still vulnerable to security from hacker attacks

That "downside" is hugely weakened or can be totally eliminated by using good security practices, and common sense.

Use this, it's an easy cold storage set up guide for newbies, https://bitcointalk.org/index.php?topic=5086011.0

I don't know about any restrictions regarding the amount of gold stored by every individual.
For me,storing bitcoin (cold storage) and storing gold in a safe deposit box is kinda the same.
The only difference is that you can't store large amounts of gold,because it's heavy and it takes more space. ;D

Bitcoin has the potential to become a virtual gold. In other for this to happen it needs first to fix 3 of the main constraints: scalability, volatility and adoption rate.

Bitcoin (https://coincodex.com/crypto/bitcoin/) just reached its 10th aniversary!

https://coincodex.com/article/2823/bitcoin-turns-10-the-tenth-anniversary-of-the-bitcoin-genesis-block/

Yes when it comes to store value bitcoin is better but in the long run. Gold has some attributes to which it could be better than bitcoin. The disadvantage of bitcoin in the long run is that its market price volatility. I could not really speculate well because bitcoin system has still a lot of things to prove compared to gold that has proven already its worth over the period of time.

I agree that Bitcoin is better than gold in terms of store of value. Keeping or securing gold will need you huge and secured place which is very expensive, while you only need a cold storage for Bitcoin to be secured which will only cost you small amount of money and you only need to know how to secure it properly. When it comes on exchanging, Bitcoin is more faster and cheaper to transfer, you can send it overseas without waiting for days or weeks for the transaction to be done. Though there are still few online or offline stores that accepts Bitcoin which will eventually increase, which stores accepts gold as payment? I don't remember any.

Plus Bitcoin is provably scarce, gold is not. 8)


But it's maybe because there was nothing better than gold, as a store of value, until Bitcoin came.

I know there are pros and cons to both, but which is truly better is open for debate.

Bitcoin is not tax free, different governments and nations have different disposition to bitcoin and the digital market.
Bitcoin holders pay taxes in Canada and the USA, and most countries in Europe are looking for ways to regulate and profit from this growing market.

Bitcoin wallets are not a product of the bitcoin network, which has a very high security level.
One of the responsibilities which comes with decentralization is you are responsible for the safe keeping of your assets: wallets and exchanges you use.

Gold is only the most common store of value. In the history there were also gemstones or diamonds used as store of value. I think that silver was also before gold.
And nowadays platinum an palladium are also used as store of value.


Bitcoin has 2 problems as store of value. One can be "fixed" with knowledge, the other should be fixed by the time.

One problem is its pseudo-anonymous nature. People may not be happy with the idea that the ones trying a bit harder may be able to find out how many Bitcoin they have; people get freaked out when big amounts of Bitcoin get moved around and so on. Of course, with some knowledge and taking care, one can make the Bitcoin not getting tracked to his identity, but many don't possess that knowledge, hence avoid Bitcoin for that task.

Another problem is the market fluctuation. If one faces the risk the value of his wealth can decrease 5 times (!) in a year, he won't be too eager to store value into Bitcoin. (I know that there's also the "risk" his wealth increases 20x in a year, but storing of value and speculation are not in the same risk category).
Don't get me wrong, I believe in Bitcoin and I think that after some more years such volatility may not be possible anymore. But until then we may not be entitled to advertise Bitcoin as a store of value. Not yet.

I'm not familiar with our law regarding this because I don't even hold any gold but AFAIK there's no limitation. And our country is still in that era where treasure hunters are exploring unvisited places and miners keeps on digging our mountains.
This. We all like this, we can be our very own bank.

Bitcoin still has its own weaknesses. It remains very new and experimental compared to gold which was around for thousands of years. There's no guarantee that Bitcoin won't get replaced, that there aren't any hidden major flaws (just in the last year a dangerous bug was found, we just got lucky that the good guys did it first), that the underlying cryptography is 100% secure. And being digital is a disadvantage in scenarios like nuclear war.

But overall, volatility remains the biggest weakness, if not for it, Bitcoin would be very competitive with gold, because all the factors that I've mentioned are very unlikely to happen.

Volatility is a complex issue imo. Atm Bitcoin is still being viewed as speculative asset I believe, therefore most people try to join the ride and be a millionaire in one night. If Bitcoin get more acknowledgment, this volatility should decrease. But because inflation is part of the fiat system, the price of Bitcoin could rise annually, assuming more people value Bitcoin more and more.

Bitcoin has better advantage compared to gold in term of flexibility, you can exchange it without going out from your house as long as you have connection to the network. Bitcoin has the potential to beat gold, let's give it some time.

Gold and Bitcoin have advantages and disadvantages.

GOLD has the advantage that it is used for storing value since 6000 years ago. GOLD has the disadvantage that if you invested 10 dollars 6000 years ago :):):), in today value you would have 20-30 dollars.

BITCOIN has the advantage that if you invested 10 dollars in it, 10 years ago, you would have 20 000 000 dollars today. BITCOIN has the disadvantage that it is used to store value since 10 years ago.

:):):)

I don’t know if there’sa law here in my place that limting you from owning/storing gold that much, maybe we can own more as much as we can. The private key ownership with bitcoin is great and this is why the government are still on the resistance to adopt bitcoin since they cannot control it. For me, this is way better that gold and its so easy to have this and the function of bitcoin is not just as a storing value, it can also provides good system for an individual or even in a big company.

Each has its strengths and weaknesses. For me we must be able to take advantage of every advantage that exists, gold is a good investment because it is safe and Bitcoin is an attractive investment because of the rapid rate of price increase. We can divide some portions of investment, what I do is invest in gold as much as 30 percent and 70 percent I invest in cryptocurrencies.

Bitcoin and gold have advantages and disadvantages, but both are assets that deserve to be owned. Bitcoin with a high value and you can use it wisely will bring good luck. Gold has physical and real but is prone to crime, each individual can have it according to their wishes and gold assets are stable.

I think they both have their pros and cons and it's purely has to do with our personal choices, a tech-savvy dude might prefer bitcoin over gold and whereas our older generation folks wouldn't trade their gold collection for anything but all in all they both store value and can be profitable in the future if you take the appropriate steps to keep them.

I agree with your opinion, using a volatile price as value store is so risky. Today it is not even 1% of the bitcoiners that store it without paying attention to the price. Everybody just wants to make more money. But the price of gold is more stable and if you are looking for the asset to keep your money safe, gold looks better.

From the point of view of the possession of their funds, bitcoin wins on all counts. In this case, you are sure that no one but you cant control your money and it's very good. But storing your funds in bitcoin is a bad idea. Because it is still very volatile and you may lose some of your money. But it's not bad if you use it for other purposes.

Decentralized is more needed than anything in the world which everyone need for their personal life and government controlling the affair of people is over done and bitcoin gives that decentralized to people which makes it more unique tan gold and was very volatile too which some see as it disadvantage than gold .

In my country there is no restriction on the storage of gold at home. How much do you want so much and keep.Bitcoin is to some extent even better than gold,but the only drawback that bitcoin has is its volatility.I agree that since the emergence of bitcoin and to this day it has increased in price many times.Since I am an avid supporter of cryptocurrencies in any case,I would prefer to keep my savings in bitcoin, but ordinary people do not even know what bitcoin is and what prospects it represents.Therefore, it is easier for ordinary people to buy gold or put money in the Bank for dividends than to buy bitcoin.I hope many will come to their senses and begin to invest in bitcoin and not in gold.

Bitcoin and gold have their own advantages and weakness. Bitcoin as store of value more flexible and secure than gold, we can carry bitcoin without a lot space and its hack our bitcoin as long we keep our private key. Gold more accepted by most people because its already popular for centuries

Gold are a good investment as the price are more stable and the other hand the price of bitcoin are very volatile this day and very risky but also very profitable if it hit a bull. So both is a good investment with it own risk.

Yes, right, Bitcoin is very volatile when prices rise and fall very sharply, so there are two possibilities, namely big profits and big losses. And when talking about the price of gold is likely to be stable, it's not too risky to invest in Gold, but if you want quick profits, I think Bitcoin is the place.

there is always a lot of people who want that "physical form" that they can touch and physically hold in their hands so that they can believe it exists. otherwise of course that is the least convenient thing not to mention risky.

a better term to explain what bitcoin is, is "digital" instead of "virtual".

precisely. both are very good investments, but risky. however, the potential of bitcoin is indeed faster compared to gold, however, gold has a smaller risk, and is stable compared to bitcoin. for now, I might prefer gold.

I don't know how much gold we can keep in our homes because I think it will be different from one country to another country. But I heard that we could store gold in the safety box in the banks so we can use their services by paying some fees.


I won't compare between bitcoin and gold because it's different and both bitcoin and gold have pros and con. People in out there still prefer to store gold because they don't know about bitcoin. But for people who know bitcoin, they will save bitcoin and gold at the same time, and they use both bitcoin and gold as their investment.

High risk and high profit, small risk and small profit. Those are a choice for every investor who should be thought through carefully, don't just want to get a big profit but he is not ready for big risks or wants to get a big profit with only small risk. Bitcoin and gold are very different in my opinion, from the way of investing or from the process of getting profit is very different, I slightly disagree when someone says bitcoin is digital gold, it will never happen. Bitcoin is a digital currency, not precious metal. Hopefully, every investor can get these two investment places.

I think the worst part of owning physical Gold are the paper trial it leaves behind. History in the USA has shown that Gold ownership can be restricted or banned, if the government wants to do that. It will be easy for these governments to track down Gold owners based on the paper evidence and then confiscate that Gold, if they wanted to.

Bitcoin owners protect their wealth with pseudo anonymity and no government can touch it, no matter how corrupt they are. Once they start banning it, Bitcoin owners can transfer it to someone in another country and they can simply relocate to their wealth.  ;)

Try doing that with physical Gold.  ;D

it is a mistake to compare bitcoin of today with gold of today and then talk about their pros and cons like this. most of the "cons" that you think bitcoin has comes from it being brand new and fresh in the market. it just turned 10 while gold has been around for hundreds of years and have been used as a store of value just as long.

Why bitcoin always compared into Gold? it is actually, that bitcoin was a virtual type while the other one was a physical Gold.
They are really differ to one another, when it comes to their price value, it is already surpassed by Bitcoin a years ago as far as I know.
Maybe for other's community here they assume Bitcoin as one of the virtual or digital gold.

Bitcoin might be prone to the same "centralization in vaults" problem. Even in these early days, Xapo is holding billions of dollars worth of BTC in its vaults (https://www.bloomberg.com/news/articles/2018-05-09/bunkers-for-the-wealthy-are-said-to-hoard-10-billion-of-bitcoin). Imagine what will happen when we start seeing established, high volume physically settled futures markets like gold has.

There's an erroneous assumption often made that Bitcoin investors want to personally secure the coins they buy. The more established it gets as an asset class and the more valuable it becomes, the more traditional and institutional investors enter the market. These investors want institutions to provide custody services. They don't want to "be their own banks."

In my opinion yes, because new amounts of gold will surge the price down and discovery of mineral can happen any time while with btc the story is different (asset which is not physical but still amount/number is limited). Also not controlled by governments *at least I tend to believe this*. So my vote goes for bitcoin.

The amount of bitcoin circulating's very limited which is only 21 million pieces. Meanwhile, until now gold is not yet known what the exact total number is, so the price of gold tends to be easier to manipulate.


We certainly are already familiar with the statement that bitcoin is better than gold, especially for users who have known for a long time the positive characteristics of bitcoin. As long as bitcoin exists, it always provides many benefits for its users because it's fast, safe, decentralized, gives privacy and transparency to users, and puts users able to control their own money.

even though bitcoin is better than gold but you have to know at this time many don't know about using bitcoin to do shopping and now the price of gold is more expensive than bitcoin, bitcoin should be as expensive as gold but there are still many pros and cons to make bitcoin difficult to beat the circulation of gold prices.

It depends on someone who has bitcoin and for those who have gold. You say bitcoin is better than gold because you are a bitcoin investor, but for those who choose to invest in gold will say gold is better than bitcoin. Logically, these two opinions are not wrong, they have their true side. However, gold and bitcoin are options for you to invest, both of which can give their investors an advantage.

I even see that the existence of bitcoin is increasing, even the price movements every year go far beyond what happens to gold. Bitcoin is far more interesting and in this digitization era, the flexibility that Bitcoin has is an advantage that is difficult for gold to face. but everyone must have their own opinions. we all need to be able to take advantage of every situation that exists, personally I prefer bitcoin compared to gold. maybe if calculated then I will choose bitcoin as much as 80 percent and the rest I use to buy gold.

I, as a participant in this forum, also believe that Bitcoin is a good means of preserving value only if we consider it in the long term. But at the same time, you need to understand that bitcoin storage and gold storage has its advantages and disadvantages, and each person chooses what is best for him.

Gold is a better store of value currently for me because it doesn't fluctuate in value like bitcoin and other cryptocurrencies and so  for me to have something to tore my value i will prefer stability above everything else and gold offers me a more stable value for my assets than bitcoin at the moment.

in investing everyone certainly has different choices and judgments, most of them also like Gold as their investment, some also prefer to invest in bitcoin, if for now I prefer to invest my money in bitcoin, because I think bitcoin will quickly be able to give me a big profit than I invest in buying gold.

I will not be hypocritical here, but for safely, gold is better for storing the value of your money. the price of gold is very stable at any time, so it is perfect if you want to save the value of your money. in the Middle Ages, the price of 1 chicken was only 1 gold dinar. and until now the price of 1 chicken is still the same as 1 gold dinar, you can look for it on google. this proves that gold is the right tool to maintain the value of your money

I think that it cannot be separated from a situation and condition, bitcoin is more than gold as a store of value because it can provide large profits, but bitcoin is not stable and it will be very risky.

Both of it can't be compared, Gold and bitcoin is like bitcoin and Paypal. They have their unique things that other don't have. I think it is good to be like this, both of it can be used by everyone.

I will not give it truly a comparison because they are not of the same world , but I believe they are both a good storage of value , the advantage of gold it is increasing gradually its value as it becomes old , while bitcoin value is varying its value from time to time but there is also time that the value of bitcoin will rise up to high and that are the good times of bitcoin, when compared to gold.

I think they can be compared because both are being looked at as stores of value, right? So we are comparing them by their properties as stores of value and these are volatility, ease of exchange, ease of storing, and such.
I think that Bitcoin still doesn't retain its value as good as gold but it wins in all other categories. Gold is difficult to transport, exchange, divide, value unless you have gold coins.

That's not true that bitcoin is better than gold because bitcoin can disappear anytime of cryptocurrency gonna banned all over the world. Gold's price is very stable than bitcoin going up and down.

But the physicality of Gold makes as more confident and feels much safer for the simple reason of having this into our hands

While bitcoin promises us bigger income,higher profit in a small investing,but the only problem is the assurance and security because we dont even have on our hands instead purely speculative

yup, I think if we talk about efficiency and ease of storing assets, gold will be harder to store because the more gold the bigger the place we need. but in reality gold today is used more for other purposes than limited to investment assets, namely jewelry that is used daily, dowry for marriage etc. this extra value that bitcoin does not yet have.

I don't get your logic. If a better store of value than Bitcoin came, then it would mean that gold, and Bitcoin are inferior. Plus in context of this topic, gold is debatably already inferior to Bitcoin because of gold's physical nature, which can be a disadvantage.

Centralization for gold and for its use by us is not a problem. Its use can always be only open and legal. Unlike gold, a cryptocurrency in nature has a certain level of anonymity and confidentiality.
As for the reliability of cryptocurrency and in particular, Bitcoin, as a repository of value, the year 2018 showed us that as a repository of cryptocurrency value is not reliable because of its high price volatility. Gold as a repository of value is always more reliable.

Regardless of any asset's features, the store-of-value question ultimately boils down to the faith of its users. The best store of value has the biggest network of users and the most market liquidity -- this parallels the idea of Metcalfe's law (https://en.wikipedia.org/wiki/Metcalfe%27s_law). It'll be interesting to see how Bitcoin's market share compares to gold in a decade or two. I don't think Bitcoin will necessarily be bigger just because it's superior.

I love this explanation from Satoshi (https://bitcointalk.org/index.php?topic=583.msg11405#msg11405), especially that last line -- "I think people would still take up something." Like, it's not about intrinsic value or anything like that. It's just about what people choose to use as money.

untrue
1. FIAT: america 300m+ users.. china 1billion+.. yet the world follows the dollar
2. best store of value is more about utility. if people cant use it within the main network due to fee's. they will play around in other networks and then if they want to return to a blockchain network they will find the cheapest,fastest network that does the same things as bitcoin.. EG litecoin is probably going to be peoples exit out of LN
much like silver and copper coins were the exit out of banking even though before entering banks they held gold.

i know you will utopia that people will return to bitcoin network, but outside of your echo chamber. real people try to find the cheapest best options. and if bitcoins network cant give them what they want they will find other networks.

hense why instead of pushing to remove bitcoin utility and HOPE the Store of Value remains. your missing the point of what gives it the value. (VALUE not price). as decreasing VALUE leads to effecting the price

Some see bitcoin as the tool outlined in Satoshi Nakamoto’s whitepaper: they see it as a peer-to-peer form of electronic cash usable in all types of situations. Others believe bitcoin should not be usable; instead, bitcoin should be exclusively designed as a store of value.
So it all depends on our perceptions and use case at a particular point in time.

 :This is really a hot topic to be debated. Paying attention to some issues with bitcoin and gold may help in deciding which is better: For bitcoin, we have experienced volatility that drive some people away just like what have happened during a not so good market condition for cryptocurrency, the probability of getting hacked and any security issues, and the possibility of getting tracked and taxed or be questioned by the government if you have a lot of stored bitcon as can be seen in your bitcoin address. There are countries that are really monitoring the movements of money even in the form of cryptocurrency. For gold, the possibility of getting stolen is big if not placed on banks and we all know based from posts that many hated banks. These are big issues that needs great attention. Maybe there are some other disadvantages you can share but as of now these are things worth considering in my opinion. So if we have to choose which is better between the two, I think this ideas should be weighed before deciding which of these two should we store our money.

You realize the USD is the world reserve currency, right? It's the basis for international settlement. It's usage far surpasses the US population. The yuan pales in comparison, both in terms of usage and liquidity. The yuan is known for its extremely tight liquidity since it is so tightly controlled by the Chinese government through state-run banks.

The best store of value is about utility -- and the USD has much, much further reach than the CNY. It's much more useful. This parallels the ideas behind network value vis-a-vis Metcalfe's Law in cryptocurrency networks.


If that were true, network liquidity would move to Litecoin and it would become more valuable. Inevitably, though, Litecoin -- like virtually all altcoins -- would run into the same scalability bottlenecks as Bitcoin. If the market needs to find that out the hard way, so be it. It's a free market. C'est la vie.

What you don't seem to appreciate is that people will have a multitude of options. If they need superior security, they'll use Bitcoin. If they don't, they'll use something cheaper. This is a fundamentally good thing; Bitcoin doesn't need to monopolize the entire market.

That's actually a good point. I have always wondered that if something is ever able to turn gold into a second tier store of value, and that after thousands of years worth of history, it's a cycle and therefore repeats itself.

Gold obviously is still the main store of value, but it's interesting food for thought. It might very well be why gold fanatics are similar to Bitcoin maximalist when it comes to the asset they hold.

Everything that challenges gold is shit by default, and everything that challenges Bitcoin is shit by default. I'm however glad that gold and Bitcoin can perfectly fine complement each other throughout their existence.

Who's removing "Bitcoin utility"?

Removing its feature as a medium of exchange?

I believe Bitcoin is not useful as a medium of exchange first, because of the opportunity costs. The users who might be willing to tolerate that cost might be the people who are using it for illegal transactions, in which not using Bitcoin might cost them more.

Let's be honest Gold has ever been the safest investment compared to bitcoins as it never been a time the price of gold has dropped to much like that of bitcoins. however bitcoin can make people rich in a very fast rate but it has a downside that you can become a poor overnight. you know what i mean.

Safe assets are chosen by investors when there are smell of crash in financial markets. Gold futures are traded along with price of spot gold but in bitcoin things don't turn in same way. Bitcoin can't be store of value due to nonefficient fetaures like volatility,less secure..

You can compare Bitcoin with pure Gold. As gold is an asset to you & it increases it's value with the flow of time, same with Bitcoin. But here are more advantages. Bitcoin is not like shares in the share market. Like if the share price of a firm goes really down, it doesn't go up so easily. But it's different in case of Bitcoin. As the circulation of Bitcoin increases & trading increases price gradually increases. Some people are really crazy who thinks to invest & earn a handsome in the very next moment. But as all we know it’s not possible.

Right. Risking money doesn't mean storing it. If BTC was a good asset for storage, nobody would need USDT. Can you invest your house into Bitcoin today? You won't invest it in any cryptocurrency, even if it is stable. No need to risk our profits to prove that we believe bitcoin.

Bitcoin can't compare to gold, because they two has there different functions in price demand, therefore I prefer investing in bitcoin, because is a very secure business with out paying for security, which is a digital found than Gold.

Well actually BTC it's controlled by government and the banks.This is why BTC it's not accepted in some countries, so you can have how many BTC you want but if you can't transform them in cash then it's not so much that you can do.In the other hand, gold will never lose its value, but both of them have benefits and disadvantages.

Isn't it already? But I don't think bitcoin should be considered as gold. Bitcoin were created to use for daily financial transactions. It was created to replace the fiat money. Instead of holding it we should be using it more often at least at this price the transaction fees are not much.

Value of gold doesn’t come from its inherent value and its usage for specific applications but rather in the trust that people have put in its store of value. Surely cryptocurrency will succeed as a potential form of money because of it's handy properties: 1.once transactions happened they can’t be taken back 2.can be transacted across borders and everywhere around the world

Yes it can be but there is no stable value for bitcoin so the people who want to store their money in the form of bitcoin are taking very risky move but it's really worth to do.

Ver-very cool loto!!!!!! I win 700$))))) https://loto.tech

As much as I want to be bias and say Bitcoin is indeed much better than gold as a store of value, I have to be objective to really see the case as it is. This is the best way for me to benefit from it as well. There are advantages and disadvantages of course. With gold you have security and stability more than anything else. With Bitcoin you have faster appreciation of value more than anything else. But the problem with the latter is that there is so much risks involved. You will not quickly get rich with gold. With Bitcoin, a year or two might be enough. But a week might also be enough to turn your wealth into nothing but air.

Gold is like a small yet sturdy house. Bitcoin is like a gigantic castle but one which is built on sand. Decide for yourself. I go for both, the former for long term and the latter for short term investment.  ;D

i dont think so, we know that bitcoin is the digital currency that maybe someday it will vanished, if blockchain that handle bticoin vanished, our bitcoin will be vanished to. how about gold? gold have the physic form and i think it will never vanish, because we hold it by ourselves

Agree, after all, even though the price of bitcoin continues to move up and down even though there is always a correction that occurs when compared to gold, then I personally still see bitcoin as a good investment value for the long term. It's about taste, I'm sure everyone has different views and choices. So with its decentralized nature I personally really like it even though we have to be mentally prepared to hit all the obstacles that must be passed.

Gresham's Law is relevant here. If "bad money drives out good" then we should expect people to spend fiat currencies and less valuable cryptocurrencies before Bitcoin. Bitcoin has stronger monetary properties, therefore it's rational to hoard it rather than spend it assuming one has other money at his disposal.

Without scarcity of block space, there is no post-subsidy income guaranteed to miners. So we might have free transactions, but transaction security would evaporate, so the incentive system underlying Bitcoin would be broken. That would inevitably destroy its value as money.

when investing a long time become will be more powerful because Bitcoin had huge future than gold but in today situation gold is more expected by lots of people because it is more stable than Bitcoin.

When we think at gold as an investment a very few amount of people actually keep gold as an investment because it's not profitable in small amounts. In order to consider gold a profitable investment you have to invest millions of dollars and also have knowledge about how the market works. I don't think there is any maximum amount of gold a person can hold as long as everything is legal so that's should be the issue here. Taxes btw are the problem here since right now you don't have to pay any taxes for trading bitcoin(in most countries) but soon I've noticed governments start to think about a strategy to also tax people who buy and sell bitcoin.

Gold is having a fixed value,  though it have a change in price but not as often as it happen just like with bitcoin.
The good thing with bitcoin is that,  we have a huge chances to earned due to its fluctuations and that's exactly we've lookin for. I'll be holding gold also for the future cause it will be forever and I hope for bitcoin also.

Bitcoin is just growing so it looks very valuable, gold has been around for thousands of years and has a fixed value. Many people are turning to bitcoin because it is considered to provide more tangible benefits for holders who are good at managing it.

Actually, I sold some of my golds to buy Bitcoin, it is a much better store of value, on gold you can only have a small profit even if you keep it for years because the price is not going 100% of the value when you purchased it, Bitcoin is a much better alternative.

Gold investing is also use it for fashion combination with the diamond their value was too expensive every year their price increase depends on the demands and volume from the market unlike investing of bitcoin are so very risky as virtual currency because of volatility function which not control by the government or any institution in the localities govern.

For Bitcoin it is free of regulation so that people can store as much as possible without being taxed at all. Whereas Gold becomes a legitimate investment in every country and is bound by governments rules such as being taxed so that every person has a limit to own it.

Between bitcoin and gold investment I think bitcoin is better because bitcoin have speculative price day by day, check how many time bitcoin some time at lower price and then could be higher price, we will get much profit if make investing at bitcoin than gold.

Bitcoin (https://coincodex.com/crypto/bitcoin/) still needs to overcome two distinct obstacles before it becomes a serious contender as a store of value.
First it needs to find a way to mitigate the high volatility of its price on the market, if that happens, and price fluctuations eventually become considerably less extreme, it will have to tackle the second challenge, of educating people as well as certain institutions that storing a part of their wealth in BTC could be in their best interest, depending on their individual situation.

https://coincodex.com/article/2797/bitcoins-potential-as-a-store-of-value/

Well this could not be generalize because we know gold is one a stable in terms of demand and its market price. As time pass by the value of gold get higher also the same as with bitcoin. However, bitcoin may experience a downfall of its market price value as to what happen on 2017 after reaching its peak market price which is 19K USD.

Yet, Bitcoin is one of a kind of form of investment. Bitcoin has unique value for it is being dictated by its demand and supply. The greater users demand the higher its market price for bitcoin will be and it could just happen in a short span of time likewise when users demand gets low. Bitcoin is PUMP and DUMP.

Your points are great. Bitcoin is very easy to manage and carry around everywhere you go or anywhere you may be irrespective of the quantity of the coin you may have. Gold is bulky and difficult to protect too from theft.

The problem is with hiding it. You don't want to travel around with several bags of gold in your saddle. All you need now is a smart phone and a bitcoin wallet and you can travel with millions of dollars in btc

Bitcoin as a better store of value than gold are right fo people who know about bitcoin. But for people don't know about bitcoin they will say gold is better store of value than bitcoin. So i think  that is deppend knowlegde about bitcoin.

Of course Bitcoin has price fluctuations faster than gold, everyone knows this. And the problem is not the centralization of safes, everyone can place gold anywhere, and even banks can be a place to store gold

That has been the problem for gold from the beginning, the governments of the world hold the most gold and they are not going to sell it to anyone so if for some reason they decide to abandon fiat currencies and use gold backed currencies they will still be in control of the economy and they could make the possession of gold illegal again as they have done in the past, this is why cryptocurrencies scare them since they cannot control them.

It is possible they will try the same strategy they used to defeat gold against bitcoin but when you can move all your bitcoin from one side of the world in a piece of paper that no one would notice then you know they will be unable to make bitcoin illegal and force people to comply.

On the other hand, would you risk your money? Gold has been available for years and the price volatility is slower, so the risk is less.
Bitcoin is also available, but I can't risk the money I have earned for years, I can only risk some of my money in Bitcoin.

What stops governments from accumulating cryptocurrency reserves the same way? I've always assumed that if Bitcoin became a traditional asset alongside gold that this would eventually happen. If BTC were widely accepted and demanded like gold, it would have similar properties from a hedging standpoint: It's decentralized and thus not reliant on any state economy.


It's partly a question of how scared people are of their government. If the US made an Executive Order banning Bitcoin and began confiscating it like they did with gold in the 1930s, I'm sure a lot of people -- and institutions -- would comply. People keep lots of coins on deposit with exchanges, and in the future there will be ETF trusts and things like that. That represents a lot of coins that would be willingly handed over to the government.

We do have hardware wallet nowadays and it is easier to carry than carrying a gold with the same price value of gold with your cryptocurrency. Every aspects of pros and cons are already there, you can't create a perfect project which people wouldn't criticize. That is why we have to choose of what do we want and what do we need.

Despite the fact that the gold standard sunk into oblivion a long time ago, at the moment bitcoin won't be a kind of panacea for the centralization of the monetary system

For me,bitcoin and gold are both a good store of value.I think a lot of people not just in the past but even in the present are craving to have gold collection.But knowing bitcoin,many people have been amazed of its own potentials that will make you even richer if you only know how to deal with it.Truly bitcoin owns the greatest store of value for now.But it won't be bad if you will have them both just to have reservation if ever one fails.

If bitcoin become store of value, its much flexible than gold because we dont need a lot place to store and its much secure than gold. Beside that, as cryptocurrency we can make transaction with others more easily because its peer to peer cryptocurrency

The "Bitcoin as medium of exchange first" people are allowed to freely spend all their coins. No can stop them from doing it. Because Bitcoin is an open, and permissionless system/network.

What's their problem? Fees too high? Then use Segwit! 8)

I think that bitcoin and gold have different properties. Bitcoin is more suitable for use in the digital world. I think that Bitcoin will be able to prove that it is digital gold.

Yes obviously both have pros and cons. BTC and gold are different. Bitcoin is the digital platform where we invest in and wait for sometime based on market value we get profit or loss. Gold is like investing on material and keeping it based on value we sell and earn profit. I believe bitcoin has good profit compared to gold because BTC is digital and can get huge profit market  value reaches high.

everyone has a different view of bitcoin and gold ... some people choose to invest in gold because they feel they have gold and can sell whenever they want ... but some people who already know bitcoin will definitely invest in bitcoin especially those who have got the benefits of bitcoin

Yes bitcoin is better value to store compared to bitcoin is because bitcoin has a fixed market supply and bitcoin has a great future compared to gold with the help of blockchain technology nothing is impossible to bitcoin.

I agree that bitcoin is a better place to store than gold because bitcoin is nothing fake and its value will continue to increase from time to time.

I do not agree with you.
Your private key may be stolen. You can lose it. What then will be the evidence?
Gold is an excellent means of storing your funds. You must be VERY rich in order for your gold to inconvenience you in storage.
And do not forget that gold is a more stable means of storage, in contrast to the BTC.

For now I think holding Bitcoin is a very good long-term investment, because BItcoin prices are very cheap on the market, so long-term investment is a good choice, Bitcoin's history is always repeated, prices will rise dramatically after last year's long decline.

maybe nowadays bitcoin dominates more than gold because Bitcoin has a promising exchange rate. but I can't speculate well because the bitcoin system still has a lot to prove compared to gold that has proven its value over a very long period of time.

That’s true investing in bitcoin is safe As compare to put your money in gold. In old age people gold has good value but now its modern age we will have to change our mind with time. New technologies have sadder system than that of old ones. Better is to trust only bitcoin and don’t waste your money on purchasing gold and silver.

I don't really think it is better to invest on cryptocurrencies over gold because it is not having very stable value since it was created even if the value increase a lot when someone want to store their value and something they will expect much stable value as when they invested cryptocurrency will not fall into that category.

the potential is indeed promising, but price movements still cannot convince consumers for real stability.

For some people, this is very unpleasant for things that continue to have added value. Gold is still the top asset because even though there are binding policies, authentic assets can still be jointly accounted for.

I think that most of the investments will soon be concentrated in the digital currency, because it makes it possible to earn not only more, but also a lot faster. Therefore, I have long transferred all my money from gold to bitcoin.

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.

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

many coins will have the same feature of using these other network mediums.
so with less bitcoin unique-ness and yet costing more for people to actually transact on the actual bitcoin network. people will not want to store value in bitcoin if it becomes cheaper to exit the other network via other coins.

people need to look beyond fluffy pony dreams and take a critical look at how things will play out.

store of value purely because store of value does not make store of value more valuable

Gold already become store of value for centuries and people still trust on gold. Bitcoin is new investment instrument and not many people know and trust on bitcoin because they can touch it. Its virtual investment but its true that bitcoin more secure than gold and more flexible

Gold has a millennia-old history of storing value.
Whereas in the eyes of the public, bitcoin has a history of storing $18,000 of value and turning it into $3,000.
We need a better value proposition.

I find it astonishing both gold and bitcoin share the identical history, first it is about mining, then some very rich fella spend a lot to build better mining tools, then it become a booming industry. I prefer both share the same trait of store of value.

That's the problem where it not being control by government and that's also the reason for them to not legalize bitcoin as payment transaction.
Invest on bitcoin is like invest on something risky so if you dare to take the risk, bitcoin can give you more than ordinary legit investment.

Personally after I made profit from crypto, I try to invest on other platform, not in crypto !

Of course bitcoin and gold have different properties because gold can be held while bitcoin cant be. However, the possibility for bitcoin to have the most quality properties as store of value than gold in the future once bitcoin reach the total 21 million coins to ever mine.

I agree with you it is both good investment but in different criteria, gold is more stable value than bitcoin. Bitcoin is unpredictable, the value and very risky but it is profitable when hits the bull.

That sidesteps his point though, doesn't it? Even if you believe that on-chain scaling is superior to off-chain, we should be able to agree that Bitcoin's properties make a superior medium of exchange to gold.


Actually, it probably will. The more people that buy coins to lock them in LN channels, the more supply that is removed from the market. That should increase prices.

I don't think LN is ideal, but neither is Bitcoin's decentralized design. Decentralization is inefficient and costly. It's pretty amazing that LN could leverage Bitcoin's security while sidestepping those costs.


Altcoins that are cheaper to transact with have been available for many years now. If what you're saying were true, everyone would have exited exchanges with altcoins rather than bitcoins. Yet Bitcoin is still #1, in spite of its expensive costs. Why so?

It certainly attracts. The possibility of unlimited ownership and the knowledge that no one can control your funds. In this regard, bitcoin is very good. But you must be able to cope with risks, otherwise such storage of your assets will not be safe.

I agree with you as Bitcoin gives us the opportunity to earn very well and much more than you can do it thanks to gold

I disagree with you. Yet gold is much more stable than Bitcoin and I think that at the moment they prefer to keep their money in gold

Why should it be compared between bitcoin and gold, even though they have different functions. Gold has the main function for the most stable conductor of electricity so that it is widely used for electronic devices. While bitcoin is only a digital number, the transaction is guaranteed by Miner. Okay, I agree bitcoin is easier to save than gold, but the risk of damage to technology devices is higher than saving gold.

Yes.Bitcoin definitely has a better store of value than gold but the risks its brings is higher than gold.Bitcoin and gold are really good store of value although they differ in their functions.For me,i think bitcoin gives more opportunities to people to gain huge profits but let us consider too that gold has also a lot of good advantages even before bitcoin has not recognized.

your turning into a flip flopper
you want to one minute say bitcoin is better than gold at MoE... but then say YOU say
"Bitcoin's decentralized design. Decentralization is inefficient and costly"

i fully understand you prefer centralisation, along with your buddies. that has been obvious for near a year of you and your buddies "dev defense" meanders.
but putting your opinions aside about your admiration for centralisation.
going centralisation(middlemen factories) in general removes desirability of bitcoin. people will start thinking its no better than fiat
locking funds up removes self control
locking funds up removes desire for people to want to be full nodes. which reduces security
locking funds up reduces onchain fees as theres less onchain utility makes miners less profitabl thus reduces security
along with many other things which i could continue listing makes btc less desirable and leads to people wanting to exit and use other coins.
all of which make btc have less value

this opinion of yours has flaws, ill explain.
1. out of all the coins not much are actually on exchanges. so the effect you think is not as much as you think
2. if anything. it wil be people on exchanges who will avoid exiting exchanges and instead lock into a channel with an exchange to be able to arbitrage faster. thus there would actually be more 'balance' on exchanges, because LN will benefit day traders more then it would average joe just buying occassional stuff

LN doesnt leverage bitcoins security, onc you update yourself with the 2018-2019 concepts and code of LN in regards to factories. the users are not even holding bitcoin. they are holding a 12decimal pegged token.
remember LN is a separate network and bitcoin had to change to fit LN's needs. not the other way round
LN has no blockchain. LN has no community audit. LN requires people to be online, LN requires people to sign on your behalf.
LN has none of the bitcoin ethos/features that secure bitcoin.
its like trying to assume bank notes are the same as gold. think about that in respect of the 18th century.. then play it out 200 years later and see the flaw of bank notes and gold


bitcoins PRICE is higher due to the underlying value held up via mining costs. there is hardly any 'speculative' value ontop due to peoples faith and boost due to desirability.
take people off the network. making it costly to use the bitcoin network and all the other reason will reduce the desire to mine it which will make bitcoin not as popular

again take utility away from the MINING network of a blockchain will cause the underlying support of the mining:market dynamic. which will affect its underlying value.

if you think bitcoin would remain top when other coins can do the same thing but without the restrictions applied to bitcoin. people will move to the coins with less restrictions.

remember bitcoin network is only stalled and costly. not due to some technological limit. but an implied limit by humans(devs)
again to quote you. you said:
"Bitcoin's decentralized design. Decentralization is inefficient and costly"
it is developers that put in the restrictions to make it inefficient and costly

Yes I agree with you. Bitcoin is better for holding than gold. Bitcoin is virtual currency but gold is not. Bitcoin is more secure than gold. We can buy and sell bitcoin any time. But we cant sell gold anytime because selling gold need some precess. And holding gold is not secure because it can stolen any time. But holding bitcoin is risky than gold because bitcoin price is always increase and decrease. But in my opinion bitcoin is better store of value than gold.

Not unless bitcoin is regulated by the government, then they have the power and controll over it. Regards with the store value, i would rather have bitcoin than gold because when emergency comes, i cannot lift all my gold but i can open my bitcoin account anywhere with internet. How convinient.

Bitcoin and gold are interesting store of value, but which one is best depends on the individual who uses it, and between the two has advantages and disadvantages of each.

I would not support this claim I don't think bitcoin is a better store of value than gold.
In fact in terms of instability gold is far much stable in price than bitcoin

These positions aren't at odds.

Bitcoin is transferable over a communications channel. It's portable, divisible and easy to store. This gives it better features than gold with regards to being a medium of exchange.

Decentralization is achieved through redundancy. This is inefficient and requires higher costs than any centralized scheme.

How do these statements contradict one another?


Lightning uses a P2P protocol based on distributed redundancy, just like Bitcoin. That you keep mischaracterizing it as "centralisation" is simply dishonest.

Anyway, LN network topology isn't relevant to the question of trustlessness, which is the goal of Bitcoin. If we can retain node decentralization in Bitcoin, I think using LN -- even if a more centralized topology emerges -- is the best available option.

If you had your way, a small minority of users (miners) would have blocked all users from ever having the choice to use trustless, off-chain alternatives like LN. You want to restrict the choices of all Bitcoin users and force everyone to transact on-chain. You're obviously not concerned about centralization of Bitcoin nodes, either.

When it comes to price stability,  gold are have it but it's value today, bitcoin is to far from it. People are so considerate with the price and they probably choice for bitcoin rather than for gold as they could gain more profits.
The practicality we have now will surely brought people to think that bitcoin is more valuable than of gold, and it shown it already.

I also believe that bitcoin has a better store of value than gold because a single bitcoin is equivalent to a more quantity of gold.And way back in the year 2017,many have gained huge profits in bitcoin that made them even millionaires while gold has remained a constant value even up to the present times.The only disadvantage for bitcoin is that its price gradually changes every now and then so people cannot expect good profits all the time.

Well, I don't think bitcoin has a better store of value than gold. This is a wrong comparison. Gold has its own range of items that you can compare to but not bitcoin. On the other end, bitcoin presents financial freedom to everyone. One thing people need to understand is that Bitcoin is not an asset, its just a digital currency to help present financial freedom to everybody. People needs to get this fact right.

I think it's not about which is more expensive between bitcoin and gold, our concern is which is safer to maintain the value of your money for a long time, and we know that bitcoin has very fast fluctuations, how can it make bitcoin a good store of value, if the price have fluctuates? I think gold is much better

Only one thing why many people keep investing their money at bitcoin than gold because bitcoin have speculative price than gold, look and check how many time bitcoin could growing up and down price, but for gold have little change price.

Yes, Bitcoin is better than gold to reserve because bitcoin will have a great future and it is fixed supply compare to gold that's why bitcoin is still better to restore than gold.

From the point of view of the possession of their funds, bitcoin wins on all counts.

  The value of gold is not a good right now because of
Over stocks in the market. Since bitcoin is the latest and the new era of opportunities ,even if it is a high risk, because of the mobility and volability of the market, we a chances to success. Business is like a gambling you cannot success if you can tested.











 

What was removed, stalled, or side-stepped? You can use Bitcoin on-chain transactions all day, everyday. Go have a ball.


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.

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.

Gold was discovered 7 thousand years ago. But humanity was understood that gold coins and bullion are not the most convenient way to calculate. Therefore, the first paper money appeared. In fact, it was a receipt for gold. Later, the authorities offered people "state guarantees" and national currencies appeared. Gold, in turn, has become a means of storing capital and has moved into the class of investment assets.

1. gold reserves and the number of bitcoins are limited.
2. Both assets have approximately the same value in different countries of the world.

The same reasons that gold has given way to national currencies will sooner or later lead to the transition of mankind to its digital counterpart because it is much easier and cheaper to store and transfer money through the blockchain

So the Bitcoin market has room to grow.

Considering the aspects of scarcity and exchange: they have in common that they are finite resources but regarding bitcoin we know immediately how many there will be in all and hasn't no logistic problems related to the transport,however, bitcoin relies heavily on the internet to be moved 

it is possible and it is possible for all possibilities to occur without anyone being able to know with certainty that if seen from the value, indeed the value of bitcoin is currently more than gold and for its impermanence no one can predict for sure

We cannot compare Bitcoin and gold. Each of them has their own advantages. Sure, in the cryptoworld Bitcoin often is considered to be a crypto gold. But anyway, due to high volatility and different political attitude towards cryptocurrencies, no one can exactly say when the era of Bitcoin will be finished. As for the gold, it will always has a high value.
As for Bitcoin, it is a digital asset, and there are plenty of advantages to transfer it via internet. In view of the fact, that internet transfers are getting more popular, Bitcoin has all chances to move upwards in near future.
However it will never become a better store of value than gold.
 IMHO

Bitcoin and gold have their own advantages and disadvantages. There are weaknesses and advantages to both. But if you look at the real evidence in the field, gold will certainly be slightly superior because the price is relatively stable and has been proven to be able to exist in a very long time. Indeed, we can store as many bitcoin as we want, but it is too risky because of its high volatility.

Stay far and different between gold and bitcoin. both are different. gold is better than bitcoin. even though the price can't be that big. but the risk is not so great compared to the very volatile 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


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"

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.

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

i say this with actual sincerity
ACTUALLY RESEARCH LN!!!!

oh and let me guess tether is actual dollars will be your next rebutt.. think about why tether is not actual dollar. and think real hard about the reality of LN. not the fluffy pony hopes your buddies promote to you that LN will work out in the end and will be utopia

Bitcoin currencies will always offer a variety of conveniences. which is certainly an option for many business people, we can save saving a lot of money and at the same time we can do various kinds of transactions between countries.
things that cannot be obtained if we save in the form of gold, we should change our mindset in the modern era we must use various kinds of facilities offered by bitcoin to do various types of trade. infestation in the form of gold is not suitable in an all-digital era.

Bitcoin is too volatile to be compared with the gold. Gold prices are more stable. I think that if you do not want to risk, you must better invest in precious metals. However, the returns from the crypto may be better.

Well, I don't see much difference in storing value either in the crypto or in gold but the actual difference comes into the picture at the time of managing denominations and transferring those values. Yes, there is a certain limit on holding gold in physical form and that limit differs from country to country which also encourages smuggling. However, when it comes to the cryptocurrencies we certainly have some advantages in managing those values and on the other hand, there is no interference of the third party including the government.

Even if you take into account the fact that bitcoin mining will end much faster than gold already says that this is a more attractive investment, the more bitcoin attracts with its non-standard, in the sense that you do not need to have a lot of money to invest in the long term that would be good to make money on bitcoin if you believe in the technology and growth of bitcoin in the future like me !

When we compare this two storage of value , they are both good storage  of value , but for gold , yes it is true that gold is a stable storage of value as it grows old ,the value is getting bigger value ,little by little, for bitcoin it is also good for storing value but when the market is hit by this price downfall ,then the value will be changing from time to time.

 Bitcoin as an investment is better than gold, because it has greater growth potential for income. Gold is more stable and less risky.

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.

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.

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.

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.

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.

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.

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.


But no Bitcoins are being withheld by the sender in Lightning. Your example does.


In your own mind they are, but I beg to disagree.


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".

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.

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.

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.

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.

maybe the bitcoin investment exceeds gold if the crypto currency has been inaugurated as a valid currency, of course it can happen

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.

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

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.

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 ..

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.

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.

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.

here 50 to 50, I would not save money in one currency. It is better to divide, and after some period to draw conclusions.

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.

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.

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.

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,

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.

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.

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.

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.

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.

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.

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 ...

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.

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.

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 .

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.

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..

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.

- Yes, gold is always a good choice for value storage when the value of gold is very stable and increases steadily over time, we can look at the history of gold, from the first years of existence and until now, the attraction and stability have not changed, even increased greatly when people's needs are quite high. While the value of bitcoin is constantly changing, it can be profitable, but it can also bring a lot of losses, which are very unstable, it is not an ideal value store, gold is still better on storage

Bitcoin is better then gold in many terms, you cannot store too much gold because it need physical space to store and the return in gold is not too much as compare to Bitcoin.the only thing which we have to face in Bitcoin is safety of wallet. Bitcoin wallet need too much safety.

 According to my concept Bitcoin can be a better store of value than gold Bitcoin is digital and are never existed physically . But gold exist in real world and it is not depending on the internet . Enthusiastic people consider Bitcoin as a store of value since Bitcoin has a value even though it is down for a year the value will shoot up with in no time exceeding the value of gold this we can see from the previous ten years of experience about Bitcoin and the price of  gold remains stable .. Gold is no.t a store of value or an asset we cannott give gold to purchase goods and services .

i disagree Gold are real asset that you can hold and secure in your entire while Bitcoin have value as Virtual Money we cant say how long it will last. We cant even identify what the real value of it unlike Gold.

Bitcoin and gold have similar properties with advantages and disadvantages. Unlike gold, bitcoin does not need physical space for storage and is more portable. On the other hand, gold has a much longer history as money and has a more stable price. As bitcoin matures its volatility is likely to decrease, though.

Both of this valuable things whether it is physical or virtual has their own upsides and downsides and it depends on the user of each how to deal with it and how to manage and overcome its so-called weaknesses. In my country, I really don't know the limits of storing gold and its rules and regulations and you're correct gold is heavy and hard to store huge amounts of this because you will surely need some manpower and equipment to transfer this thing if it's needed(if you have a huge amount of it) and a safe place and space is to be considered if you're not planning to store it on a bank. Those are some of the disadvantages of gold while Bitcoin overcomes those. :)

Thats what we are afraid of, the price of bitcoin can go down very deep, and can make you bankrupt. but of course the potential is very large the price can go up very high up to thousands of percent, for investment of course bitcoin is superior, but for store value, gold is safer

Bitcoin have speculative price every time where we can get at higher price and we will faced bad moment just few time price could be down, always make investment at bitcoin than gold because bitcoin could get profit with short time investment.

It is because of its high price volatility that bitcoin is not a good means of storing value, which gold has been playing for centuries and millennia. Those people who invested their money in Bitcoin at the end of 2017 and lost their money were really convinced of this.

For the Bitcoin, it has done well in the short term, but this excellent performance is accompanied by a huge downside risk. Businessmen who support Bitcoin payments face this downside risk unless they immediately convert Bitcoin into common currency in subsequent transactions. Even though the whole process theoretically takes about six minutes, it actually takes about two hours to convert Bitcoin into ordinary currency, one hour to confirm the transaction and another hour to confirm the price, during which time businesses may be affected by falling volatility. Permanent Bitcoin holdings may have tremendous room for growth, but at the same time businesses have to be able to accept downside risks. After all, businessmen should spend time and energy doing what they are best at - selling goods, not trading currencies and bitcoins.

No, gold physical nature is the power of gold. Gold with it's physical has intrinsic value. We need gold to create some electronic components, it's not just a beautiful metal but it also usefull. But bitcoin still better than fiat money, bitcoin can be the number one alternative currency that accept by all people around the world although gold maybe become the main currency.

Tell that to the German central bank who wants to collect their gold back that's being held by in the New York vaults, controlled by the Fed for "safe-keeping".

Plus how much from the total gold supply is used for making electronic components?

for some people, especially those who understand this system, I think for them, it is more appropriate to invest in crypto than gold. however, I still think that gold is still better, even though it is still very difficult. but, in the easier case, I better use bitcoin for now than gold.

Both do have their uses. Problem with gold is that if you don't have it physically, you really can't say its yours. All you'd have is a certificate, making it no different from holding fiat. Of course you can buy jewelry and keep that at home but usually the price you'd pay is higher than the value of the metal you'd get.

Bitcoin is more volatile but as long as you have proper security practice, you can keep it yourself. It'll take a total destruction of the internet for it to become unusable. Also, the amount is fixed. This would be important once humanity become a spacefaring specie that can just mine metals from asteroids and such.

To be frank, the two things everybody expects when a new store or a thing is launched in the market. A price i.e appreciated by everyone means pocket-friendly and second, the volatility. It's obvious the cost of per Bitcoin is not so pocket-friendly but there are multiple options which are opened by the company like  Atriark  (https://www.atriark.co.uk), thinks about the earning of a common man. With the growing age, the prices are increasing exponentially which opens the door of generating a higher revenue in a short interval of time.

That's correct, gold has its own value on its own and it is not volatile like Crypto currencies, Bitcoin and other forms of Crypto currencies needs a stable currency to be able to create its value. Fiat is a stable currency used worldwide and without this, there will be no or it will be hard to determine the price of Bitcoin without pairing it to a stable currency. I think this kind of natures of both these assets is needed to make more balanced trading. :)

Bitcoin and gold are different stories. They cannot be compared and compete. The gold currency is a very great currency and asset compared to bitcoin.
Why?
Gold can be a piece of jewelry but bitcoin don't. What I can make sure is bitcoin is way better than the fiat.
Gold and bitcoin both considered as the best alternative currency for fiat and that's it.

Both bitcoin and gold are different in terms of price, nature, and acquirement but they contain store of value. What makes bitcoin unique is its digitalized form without having any innate value but its price is significantly high. In contrast, gold is a precious metal and its supply is regulated and scarce. Although they may seem similar in some aspects, both cannot be compared to each other when identifying which is the better alternative.
In terms of an asset, gold may be better due to its stability in price; bitcoin is relatively better when on short/long-term investment due to its high-volatility.


If you are looking for a good store of value, look for something that is stable in price and centralized/regulated. Compared to bitcoin, being a decentralized entity makes it price volatile and unpredictable making it not a good candidate for a store of value in the future. I would also argue that purchasing properties may be better compared to bitcoin in this aspect.

But there are still downsides that can't be resolved, Bitcoin is really volatile and anything can happen in a matter of seconds or minutes, its price can skyrocket so high and it can also fall down to a dip. Didn't you know that Bitcoin isn't used as a currency? and it is used as an asset by every people in the crypto space and I don't think that it be used as a currency in the future because of the volatile nature of Bitcoin and sellers or merchants does not want a volatile payment for their products or services. :D

It's not the decentralization of Bitcoin that gives its value, nor its volatility. Otherwise, Freenet project would worth multiple million dollars.
In the real estate, you could also make a loss, either because the property has been loosing value after 10-20-30 years, or because the market is down.


Totaly senseless...
- Bitcoin doesn't need a "stable currency" to have a value.
- Fiat is not determined to be stable. Take a look at the Zimbabwe dollar that worth nothing

So far, I haven't found any info on gold limits in my country. The beauty of gold is that obviously, it'll still be gold no matter how long you keep it. It is cumbersome to store though and can't be easily carried in shtf situations. Of course you can have it in storage in some other institutions but if you just have a certificate, you can't really call it yours, they can even bar you from getting your, um, bars.

Bitcoin is better if you are talking of value since it appreciates better and is convenient to use. For example, if you have it on the Electrum wallet, you can escape situations like Katrina without having to lug around a heavy bag of bars. This is assuming of course you still have internet or electricity wherever you are moving to.

Although gold is safer to store, we can't guarantee that in the future but it will not gain a bigger price. Bitcoin has the better potential compared to of had assets like Gold. It keeps on rising when good chances showed a better capability during increase of demand, price will also pumping up.

in my opinion both have advantages and disadvantages. in my country most people use gold as jewelry not as an investment tool. if we want to make a profit, it is better to invest in bitcoin. if we buy and sell bitcoin in the right time we can get a big profit. but of course big profits also have a big risk. gold investment, has a smaller risk. because gold can't be hacked and can be stored at home more safely.

Stable fiat? Right, it's stable in falling in purchasing power as the FED inflate the supply based on how much debt was made on any given moment.

http://www.marketoracle.co.uk/images/2010/Oct/Declining_dollar_chart.jpg

HODL Bitcoin. 8)

Ofcourse bitcoin is much better than gold in terms of storage since this is more accessible and transparent for each individuals who owns this

But its more practical to have also Gold in our houses specially in times of emergency like national disaster or world wars ,(well I’m just being true and be ready)

But i favor bitcoin for sure on this one,i just wanna point some views for understanding

Each of them does have its own characteristics. There are people who are lucky when investing in gold and there are also people who are lucky when investing in Bitcoin. So in my opinion choose according to the abilities and passion that we have. Don't force when we don't have the ability. Learning is not to blame but if you get the end point, that's what you choose.

actually not everyone thinks that way, because after all, people who don't understand this technology might prefer gold. in fact, there may be some bitcoin users, more gold than bitcoin. I think in this case it depends on the principle of each person. because both of them are promising investments.

Yes bitcoin can be a better storage of value when it has some stable price range or it can never be considered as storage of value since gold is maintaing the value almost contant and slight gradual increase for centuries.If bitcoin have stbale value like this then it can be a good storage of value because it is not physical so we don't need any physical place to store it and maintenance free but when we are having gold bars we may need to pay for banks or individual to keep it safe and easy to access any time any where.

to get profit I think bitcoin is better than gold because the value of bitcoin can increase, but for the security of assets I think saving in gold is also good because it avoids the risk of loss.

indeed, in terms of looking for profit, it is easier to use bitcoin, but of course there are weaknesses, especially in btc, which is its weakness, there are many heckers who often want to take the coins that we have.

you are right because the bitcoin is a digital coins that stored on the digital wallet, it will more easy to hacked but we should know that there are hardware wallet that will be more hard than online wallet to be hacked, and we should know that on bitcoin we can investing with high return in the future,

we are talking about store of value not for profit or whatsoever  . bitcoin is not a good store of value because like what you said , it is online and its prone to threats  but gold is not hackable and you can safely keep it on your own safe  but it is bulky if you choose to add more value in your gold  . while in bitcoins you can carry them handy online or by using a hardware wallet for more safety keeping  .

Its been almost two years since i shifted on investing in bitcoin than gold.
For me it is a better choice than having gold, because the price is very volatile.
Though the risk is highe as you dont have any physical holdings, but still a risk to take!

Well no one can censor the transfers… If but controlling it... That's a 2 way street because if you have anything to lose, someone could leverage it against you to rob your private keys. It's easier to walk out with a private key then tons of gold.

Bitcoin and gold are two different assets which serve different purpose purposes. Now there are some poe Pen who still find it hard to beoiget be in crypto not minding how much You preach to them. These set of people will prefer to choose gold as their store of value. But for me I will prefer bitcoin. So  it’s a matter of individual choices.

I will go for both as both have their own values, both investment option are very good but when comes to bitcoin i have to go for online exchange to sell but for gold i can even sell or pledge to my neighbor and they will happily lend me. So i will invest in both Bitcoin for long term investment and gold for emergency expenses solution and investment option is also good.

I agree to you. But both have advantages and disadvantages. gold has existed for centuries, For example the value is increasing max. 100 dollars in 3 years. But bitcoin can double up to 1 years. You can earn 10 times your money with Bitcoin. on the other hand, you can lose them all. because it is not as stable as gold. I think both are smart, but if you are very solid, stay gold.  Bitcoin can be rich, or poor. gold doesn’t make you rich or poor.

Gold in my country is largely used as jewellery and not as an asset but we also consider our gold jewellery as a type of investment and I don't think we have to give any paperwork on the gold that we buy here the only thing here is that we have to pay taxes on gold jewellery purchases. People might say that the profit earned on gold could be less but is also safer than bitcoin investment.

They are different sector and not same. Gold is a physical asset which is generally used as a jewellery. On the other hand, bitcoin is a online based decentralized crypto coin which is much popular at this time for investment.

I currently believe that the value of bitcoin is better than gold, but bitcoin still has a high risk of gold. Gold has physical value and has the benefit of transmitting electricity to electronic devices. While bitcoin adoption is still little used as payment, so the value depends on the trader. The big question is whether everyone will agree with the decentralized payment system?

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.

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.

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 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.

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.   

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.

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).

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.

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.

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.

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.

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.

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.

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.

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.               

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

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

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.

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.

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 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.

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.

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.

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.

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.



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.

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.

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.

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

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.

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.

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 :)

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.

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

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.

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

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

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.

I believe both gold and bitcoin are worthwhile investments. Gold has a much longer history as money than bitcoin, but bitcoin is digital and thus more portable. I believe the price of bitcoin has more room to grow given the potential adoption for it that exists throughout the world, whereas gold is a good hedge in case of a financial collapse or hyperinflation. Both are a good store of value in the long term.

Yeah, if we talk about the price, gold is the winner here, because of the gold price is stable, not like bitcoin price that always changed every minutes. As i said before, both bitcoin and gold are good but if you want more safety, i think gold is the safe one.

for me i would like to invest my money for cryptocurrency like bitcoin because cryptocurrency right now use technology blockchain and it is always developed for the better performance, don't just look for 1 or 2 years you have to you have to see more than that like in the future this technology will be very much needed

I also invested some of my money on Crypto Currencies but I am not expecting too much from it because we all know this is a speculative industry and volatility is really high and investing in Crypto Currencies are extremely high-risk. Majority of the time when we expect too much it will lead us to disappointments and end up frustrated when our investments fall down on its price that's why it is better not to expect too much rather than feel depressed in the end. Even if I'm saying words like what I say I also believe that this technology will be in demand in the near future. 8)

Bitcoin has got multiple access, upon which it can used upon the users need. Whether it is to be used as a store of value or as a long term holding asset or as currency. Gold has got the value from its years of history and upon the rare availability, while bitcoin isn't the same. It is completely a technology backed asset and this makes people have a thinking that gold as a better store of value.

That's because you don't use gold to make your daily purchases and payments. You use it as a store of value, because its value remains stable and grows over the years. Of course bitcoin has a lot more advantages than bitcoin when we talk about making transactions, exchanging it and many other but the fact that it's price is so volatile makes it bad for a store of value.

It can't be better store of value than gold when it is having high volatility on its price unlikely gold is one of the most stable asset on this earth so people can save their money in the form of gold bars without any fear but in bitcoin their holding value might decreased upto 10 times in less than a year or upside down as well.

To me, bitcoin is a better store of value as said by the OP. I feel like I posses my BTC at hand more than when they were to be Gold which can be destroyed or stolen which BTC is not very vulnerable unless you make a mistake. Ownership of Gold means you have to carry it along when going to exchange whereas bitcoin does not need the owner to carry it in their full bags.
And also governments sort of control gold so the issue of centralization comes in here.

Bitcoin is a better store of value as compared to gold because hundreds of Bitcoin can be stored safely on a single wallet, thus, making it handling much convenient. Gold occupy much space in storage and its handling its quite cumbersome especially when traveling with tonnes of gold.

thats true but the risk of hodling too much bitcoin in your wallet is too much compare when you are storing alot of gold in your basement because hackers can stole all your bitcoin at one move while that wont be possible for gold because the gold is more heavier due its physical form  and you can easily catch a criminal offline because of cctv's while its hard to catch a hacker online because they are anonymous as they can use fake identity and other privacy tools  .

*Physical nature a weakness?
It depends on how you look at it.
#1. one reason why people stash gold (preferably at home or another place they are guaranteed access, hidden & secure) is in case of a financial collapse or regional/national catastrophe, in which you may not have access to the internet or digital devices, which Bitcoin depends on. Also, there is a huge expected rise in silver and gold in the event of financial collapse. See Mike Maloney.
#2. physical gold is immediately exchangeable in many places, such as pawn shops & some jewelry shops, among other places, and is universally recognized for its value, whereas Bitcoin acceptance is still pretty scarce globally speaking.
#3. just saying, but gold does have actual physical properties used in medical, health, electronics, shielding, and more.
#4. there are actually some gold digitalization tokens in existence, which theoretically carry the same price value as gold, along with the advantages of being a digital currency.

*BECAUSE of a "centralization in vaults" problem?
#1. As stated, many people do not keep their gold in vaults.
#2. If you are going to use a vault, then I suppose so. It would really depend on how well you trust the bank or private company's vault in question.  

*How much gold can one own in their country?
Not sure actually, but the US did confiscate gold in the past. But countries have also attempted to make Bitcoin illegal. How much gold can you own in your country? Is there a limit? PS, the reason the US confiscated gold is because it has value, and fiat was in crises (which it still is).


*Bitcoin:
Purely digital and subject to internet access, acceptance, and digital devices which can get lost or broken; no intrinsic value; not widely or globally accepted; high fluctuating volatility; could continue to lose value; does not have thousands of years of historical use & value like gold and silver; etc. There's also potential digital dangers, some already apparent, and some, like quantum computers yet to come.


Which do you think is better?

Have a good day,
The Cyberius team.

Both are great assets, and store of value. I would invest in both of them because they are extremely popular, fungible and are accepted by most people. Although Gold may need to be kept in storage, it holds tremendous intrinsic value. Bitcoin, on the other hand, is used as digital money and can be transferred from anywhere to anyone. Although transaction speeds are slow, Bitcoin works great as a dependable store of value just like Gold. In fact, it is even possible to exchange (https://www.smartbitcoininvestments.com/how-to-buy-gold-with-bitcoin/) between the two.

It has to be a combination of both if people want to have a little safe bet and invest accordingly so that can make the bests possible gain from both of the things . If people want to have little more risk than investing  in btc is a good option as in long run you will make more money than gold .

Bitcoin is more volatile than gold.

There will be some advantages and disadvantages for both but I'm into bitcoin so I'll support it.

--> https://blockonomi.com/bitcoin-better-store-of-value-than-gold/

Really, bitcoin is really a very safe, secured and less cumbersome store. Its value appreciates with demand and supply like gold, but as a young technology, bitcoin and indeed blockchain technology is set to revolutionize the world in all ramifications. Bitcoin is the next big thing in the world's financial sector. Indeed, cryptocurrency is something more than gold

Also: what about Bitcoins and other crypto getting stolen from exchanges?

Cyberius team.

I believe that just like Gold not having any kind of paper writtings (proof of ownership or taxed or controlled by government) in the beginning proves that Bitcoin will surely follow it during some lifetime.
Right now we can feel government is still trying to achieve a 100% potential control over it.
But it's not easy to control bitcoin or any kind of cryptocurrency due to his own internet and network technology.

In as much as I would want to believe that bitcoin is a better store of value than gold.
I still do think that when the factor of risk is factored in....that gold would be preferable .
The volatile nature of bitcoin is a weakness to it serving as a store of value.

Yeah i am completely agree with you.
It's better to invest in Bitcoins or cryptos rather than Physical assets like Gold etc.
The reasons you have stated are quite justified. No Government can control over pur virtual assets and we can store as much as we want. But the problem with Gold is that, there is a certain limitations upto which we can hold it.
If we hold more than that, then the government​ may claim it as black money.
So i am completely agree with your opinion.

Yeah we use it for the store of value not for the currency that you have to carry at all times. Bitcoin is better in terms of currency because it can be carried everywhere flexibly, but it's about store of value, and saving wealth in gold forever will never make you lose..