Bitcoin as a better store of value than gold

[Wind_FURY]

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.

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?

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[DarkIT]

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.

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.

[TheCoinGrabber]

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.

[Atriark]

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 , 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.

[denzkilim]

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.

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.

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.

[sheenshane]

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.

[qwertyup23]

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.

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.

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 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.

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.

[denzkilim]

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.

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.

[LeGaulois]

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.

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.

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.

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

[Mometaskers]

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.

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.

[Gaff]

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,

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

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.

[demonz666]

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.

[Wind_FURY]

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.

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.

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.

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.



HODL Bitcoin.

[btc78]

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

[gilangIDR]

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.

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.

[Mr.grin]

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

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.

[jrrsparkles]

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.

[Pom_bensin]

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.

[fianaindriati]

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.

[kucritt]

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,