Bitcoin as a better store of value than gold

[Crypt0Pro]

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

[emberbekas]

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.

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.

[sempak]

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 

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

[franky1]

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.

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

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

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

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.

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

[Bijikopi]

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.

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.

[yanesna3]

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.

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.

[Dudeperfect]

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.

[esetop01tryba]

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 !

[Altf4]

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.

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.

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.

[Bitkocha]

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

[hacker1001101001]

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.

[shield132]

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.

[chikading2016]

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.

[jabrix]

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.

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.

[nebiki]

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

[Ekimzjames20]

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.

[marcbitcoins]

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.

[Wind_FURY]

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.

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

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

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.

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

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.

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"

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

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.

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

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

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".

[tytanhamon04]

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.

[anggi]

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.

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.