Bitcoin for Survivalists

[silent17]

In my opinion, bitcoin is very risky if it is stored as an asset because the bitcoin price is not controlled and can not be accounted for if we suffer losses, bitcoin is more suitable for trading and take advantage in the short term.

Many people say the same thing as you before, but now the people who just stored bitcoin in their wallet are millioners. Please see reference https://bitcointalk.org/index.php?topic=2824748.0
Well, anyways, even if I didn't send you reference, I know that many people here can testify that.

[YouKnowMe]

Bitcoin and Gold have their own respective perks. If your looking for a short term investment that appreciates fast, I recommemd to go for BTC, just be very vigilant in reading news and infos on whats happenning in the system. If your into long term investment with a relative return of funds, I suggest stick to gold or other sort of physical investments.

[loragean03]

investing in gold can earn more profits for a long run, and it is surly can because it is a physical assets that can kept with you (under your bed) while investing in bitcoin is vise versa. bitcoin cannot overtake gold for long, not just in the value but just for all reason, bitcoin can be process with internet connection while gold has not. you cant survive in bitcoin if you don't have any good source of income while waiting for another profits unlike in gold.

[Bitcionsky69]

Daily basis can prove that they are really different.

GOLD:
1. Income is guaranteed
2. No transaction will be needed
3. Unique

BITCOIN:
1. Earn a good profit in a few years
2. Easy to claim your profit
3. Safety for transaction OUTGOING/INCOMING

It is different from all aspect.
It's right for us where we are.

[btcCoincart]

Gold is somthing you can see, can hold in you house or in your hand, not like BTC. But what ever, it's also worth to try

[aeternus]

The only person I have ever met who invested in physical gold (coins) on an ongoing basis was a survivalist who basically kept them under his bed with the aim of bartering them when the system broke down.

It is possible to invest in gold funds etc., but many people like to physically possess it.

Could Bitcoin overtake gold on this basis i.e. an asset you alone control without having to keep it under your bed?

No, bitcoin is great but if a person is holding gold to use as a currency in some kind of apocalyptic future, then it is logical to think that person believes that running water, electricity and the internet are not gong to be available, besides tell your friend that hoarding gold is an option but in that kind of future you will get a lot more if you are able to barter things people actually need, like medicines, alcohol, cigarettes and toilet paper.