owlman
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 05, 2019, 11:18:29 AM |
|
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.
|
|
|
|
Pettuh4
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 05, 2019, 12:02:24 PM |
|
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.
|
|
|
|
untugede
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 05, 2019, 12:44:35 PM |
|
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.
|
|
|
|
iMark
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 05, 2019, 01:15:22 PM |
|
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
|
|
|
|
ngusmin
Copper Member
Newbie
Offline
Activity: 497
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 05, 2019, 02:22:05 PM |
|
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.
|
|
|
|
BitcoinHunt3r
Legendary
Offline
Activity: 3024
Merit: 1155
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 05, 2019, 11:42:23 PM |
|
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 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.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
wewe123
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 322
Merit: 11
🚀🚀 ATHERO.IO 🚀🚀
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 06, 2019, 12:51:16 AM |
|
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 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.
|
|
|
|
pixie85
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 06, 2019, 01:18:56 AM |
|
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 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 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.
|
|
|
|
rapsa2018
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 504
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 06, 2019, 07:25:45 AM |
|
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.
|
|
|
|
Johnzky
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 616
Merit: 30
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 06, 2019, 07:44:26 AM |
|
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.
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
|
|
|
|
bolbau
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 06, 2019, 08:27:45 AM |
|
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.
|
|
|
|
Wind_FURY (OP)
Legendary
Offline
Activity: 3010
Merit: 1878
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 06, 2019, 08:31:17 AM |
|
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.
Well I think people forget how often gold bars are faked and filled with tungsten bar, I would say that there is an advantage for Bitcoin there Plus Bitcoin is provably scarce, gold is not. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) but a huge advantage of gold is it's time proven store of value, we are only at ten years of Bitcoin being invented and Gold has been a store of value of ages.
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. It's more of a will bitcoin continue around? If so then it wins, if it turns into something else be a "crypto 2.0" or some other thing where Bitcoin itself is not the store of value then Gold has easily won as Bitcoin itself was a stepping stone instead of the next solution. 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.
|
| .SHUFFLE.COM.. | ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ | ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ | . ...Next Generation Crypto Casino... |
|
|
|
Irvinn
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 06, 2019, 08:43:13 AM |
|
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.
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.
|
|
|
|
squatter
Legendary
Offline
Activity: 1666
Merit: 1196
STOP SNITCHIN'
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 06, 2019, 09:36:59 AM |
|
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.
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. 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, 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.
|
|
|
|
franky1
Legendary
Offline
Activity: 4312
Merit: 4633
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 06, 2019, 03:00:02 PM Last edit: January 06, 2019, 03:29:10 PM by franky1 |
|
The best store of value has the biggest network of users and the most market liquidity
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
|
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
|
|
|
kindy01
Newbie
Offline
Activity: 13
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 06, 2019, 03:35:15 PM |
|
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.
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.
|
|
|
|
PlusOne88
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 420
Merit: 10
“Tackling Climate Change Using Blockchain”
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 06, 2019, 04:40:32 PM |
|
: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.
|
|
|
|
squatter
Legendary
Offline
Activity: 1666
Merit: 1196
STOP SNITCHIN'
|
The best store of value has the biggest network of users and the most market liquidity
untrue 1. FIAT: america 300m+ users.. china 1billion+.. yet the world follows the dollar 2. best store of value is more about utility. 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 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. 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.
|
|
|
|
BitHodler
Legendary
Offline
Activity: 1526
Merit: 1179
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 06, 2019, 08:02:17 PM |
|
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.
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.
|
BSV is not the real Bcash. Bcash is the real Bcash.
|
|
|
Wind_FURY (OP)
Legendary
Offline
Activity: 3010
Merit: 1878
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 07, 2019, 08:48:33 AM |
|
The best store of value has the biggest network of users and the most market liquidity
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 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.
|
| .SHUFFLE.COM.. | ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ | ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ | . ...Next Generation Crypto Casino... |
|
|
|
|