Bitcoin as a better store of value than gold

[yazher]

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.

[mrdeposit]

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..

[VampKing]

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.

[rarkenin]

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..

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.

[bright4mech]

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.

[speeder]

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.

[BitcoinGirl.Club]

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.

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.

[Tavarez]

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

[semobo]

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.

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.

[zarubin]

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[Hallmader]

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. 

[kucritt]

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

[hahay]

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.

[squatter]

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.

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.

[playboy654]

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.

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.

[MakeMoneyBtc]

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.

[Altero]

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.

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.

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.

[Horas1976]

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.

[plr]

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.

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.

[rodel caling]

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.

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.