Bitcoin as a better store of value than gold

[faceoff97]

Since the price is volatile, the value might increase more than we expect and bring profit more than a gold can give. It has high risk to invest in but also has high potential for return investment. The price might be unstable but in the long run, it will eventually reflect it's profit when the time is right. Just decide to do long term investment as what is done with gold, surely it will benefit you more. Just make sure you keep it in a right place which gives you full control of your funds such wallet as electrum, jaxx and hodler or Hardware wallet.

[samuraijin]

Most people have switched to bitcoin, maybe with a very good exchange rate on the bitcoin system rather than having gold, because the bitcoin population is very fast making many people want to have it, rather than having gold which is quite slow in price movements, maybe this is the factor everyone prefers bitcoin rather than gold ...

[4rzun4]

With one account and keywords we can save as much Bitcoin as possible, while saving gold certainly requires more space because of its physical form. Bitcoin is vulnerable to theft and gold is prone to counterfeiting, meaning both have the same risk. But if you look ahead, gold is much safer and avoids the risk of loss because the price will go up even though it's not big enough, while the Bitcoin is very unstable. I think Bitcoin can't be said to be a better store of value than gold.

[romero121]

Bitcoin in terms of value is much higher than that of gold. Very few understand better about it while most of the users fear of the volatility and prefer to stick to gold. Also, bitcoin is a reserve of value which varies with time. Gold provides with the assurance of the assets one holds, the same isn't possible with bitcoin. Gold is widely found, which makes more people show interest on gold. The same will happen with cryptocurrencies as little by little Marketplaces from small scale have begun to accept and operate using cryptocurrencies.

[949miner]

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.

i don't think i will agree with you on this. As it stands now, Bitcoin can not be classified as a better store of value. The volatile nature of it does not make it valuable to be seen as a better store of value. Owning a Bitcoin has two sides, its either the value increases or it decreases to the extend of you losing your money. In this case I think Gold is better store of value than Bitcoin.

[jakezyrus]

i don't think i will agree with you on this. As it stands now, Bitcoin can not be classified as a better store of value. The volatile nature of it does not make it valuable to be seen as a better store of value. Owning a Bitcoin has two sides, its either the value increases or it decreases to the extend of you losing your money. In this case I think Gold is better store of value than Bitcoin.

the volatile nature is not a disadvantage because this is the only one that can provide us a better income compare to gold  .  some like btc because it is easy to obtain and the best part is you can also get it for free online  , do you think gold can be able to do that ? i guess that is the reason why many people are now changing thier minds and have shift thru btc from gold .

[bitzizzix]

Gold and bitcoin are assets that have very good and profitable potential, and both in this forum have always been topics.
bitcoin from security and convenience is more guaranteed than gold and more profitable if the price of bitcoin is always rising in price and good for long-term investment, and gold has the risk of crime and robbery if we use it or save it because gold is real and leads to crime and that often happens.
remember, crime is not because there is an intention of the culprit but because there is an opportunity with what is seen.

[Pattart]

maybe for the short term and get a quick profit I think bitcoin is better than gold, but for the long term gold is still one of the safest assets and it can be used as a reserve asset

for the long term though bitcoin can be more profitable than gold, look at what percentage of the increase in bitcoin prices has been made from the beginning or within a period of 5 years, compared to gold. for someone who is looking for big profits, bitcoin can be a good way, but to maintain value then gold seems a better choice..

[kalel18]

they both have their importance in the market. but I prefer bitcoin because of its greater value and you do not need to carry more like a gold bar.  now the digital currency is rising because it is the future of ours, We support this to further widen the future currency.

[conected]

maybe for the short term and get a quick profit I think bitcoin is better than gold, but for the long term gold is still one of the safest assets and it can be used as a reserve asset

for the long term though bitcoin can be more profitable than gold, look at what percentage of the increase in bitcoin prices has been made from the beginning or within a period of 5 years, compared to gold. for someone who is looking for big profits, bitcoin can be a good way, but to maintain value then gold seems a better choice..

- Yes, gold is always a good choice for value storage when the value of gold is very stable and increases steadily over time, we can look at the history of gold, from the first years of existence and until now, the attraction and stability have not changed, even increased greatly when people's needs are quite high. While the value of bitcoin is constantly changing, it can be profitable, but it can also bring a lot of losses, which are very unstable, it is not an ideal value store, gold is still better on storage

[Omparkash72]

Bitcoin is better then gold in many terms, you cannot store too much gold because it need physical space to store and the return in gold is not too much as compare to Bitcoin.the only thing which we have to face in Bitcoin is safety of wallet. Bitcoin wallet need too much safety.

[Stac]

 According to my concept Bitcoin can be a better store of value than gold Bitcoin is digital and are never existed physically . But gold exist in real world and it is not depending on the internet . Enthusiastic people consider Bitcoin as a store of value since Bitcoin has a value even though it is down for a year the value will shoot up with in no time exceeding the value of gold this we can see from the previous ten years of experience about Bitcoin and the price of  gold remains stable .. Gold is no.t a store of value or an asset we cannott give gold to purchase goods and services .

[conanmori]

i disagree Gold are real asset that you can hold and secure in your entire while Bitcoin have value as Virtual Money we cant say how long it will last. We cant even identify what the real value of it unlike Gold.

[pushups44]

Bitcoin and gold have similar properties with advantages and disadvantages. Unlike gold, bitcoin does not need physical space for storage and is more portable. On the other hand, gold has a much longer history as money and has a more stable price. As bitcoin matures its volatility is likely to decrease, though.

[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.

I don't know about any restrictions regarding the amount of gold stored by every individual.
For me,storing bitcoin (cold storage) and storing gold in a safe deposit box is kinda the same.
The only difference is that you can't store large amounts of gold,because it's heavy and it takes more space.

Both of this valuable things whether it is physical or virtual has their own upsides and downsides and it depends on the user of each how to deal with it and how to manage and overcome its so-called weaknesses. In my country, I really don't know the limits of storing gold and its rules and regulations and you're correct gold is heavy and hard to store huge amounts of this because you will surely need some manpower and equipment to transfer this thing if it's needed(if you have a huge amount of it) and a safe place and space is to be considered if you're not planning to store it on a bank. Those are some of the disadvantages of gold while Bitcoin overcomes those.

[iMark]

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

[celot]

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.

[Irvinn]

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.

[Bitcoindigger02]

For the Bitcoin, it has done well in the short term, but this excellent performance is accompanied by a huge downside risk. Businessmen who support Bitcoin payments face this downside risk unless they immediately convert Bitcoin into common currency in subsequent transactions. Even though the whole process theoretically takes about six minutes, it actually takes about two hours to convert Bitcoin into ordinary currency, one hour to confirm the transaction and another hour to confirm the price, during which time businesses may be affected by falling volatility. Permanent Bitcoin holdings may have tremendous room for growth, but at the same time businesses have to be able to accept downside risks. After all, businessmen should spend time and energy doing what they are best at - selling goods, not trading currencies and bitcoins.

[millgates]

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.