Bitcoin as a better store of value than gold

[imstillthebest]

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,

we are talking about store of value not for profit or whatsoever  . bitcoin is not a good store of value because like what you said , it is online and its prone to threats  but gold is not hackable and you can safely keep it on your own safe  but it is bulky if you choose to add more value in your gold  . while in bitcoins you can carry them handy online or by using a hardware wallet for more safety keeping  .

[kramchers]

Its been almost two years since i shifted on investing in bitcoin than gold.
For me it is a better choice than having gold, because the price is very volatile.
Though the risk is highe as you dont have any physical holdings, but still a risk to take!

[cryptoperkele]

Well no one can censor the transfers… If but controlling it... That's a 2 way street because if you have anything to lose, someone could leverage it against you to rob your private keys. It's easier to walk out with a private key then tons of gold.

[tunapa]

Bitcoin and gold are two different assets which serve different purpose purposes. Now there are some poe Pen who still find it hard to beoiget be in crypto not minding how much You preach to them. These set of people will prefer to choose gold as their store of value. But for me I will prefer bitcoin. So  it’s a matter of individual choices.

[susila_bai]

I will go for both as both have their own values, both investment option are very good but when comes to bitcoin i have to go for online exchange to sell but for gold i can even sell or pledge to my neighbor and they will happily lend me. So i will invest in both Bitcoin for long term investment and gold for emergency expenses solution and investment option is also good.

[U20]

I agree to you. But both have advantages and disadvantages. gold has existed for centuries, For example the value is increasing max. 100 dollars in 3 years. But bitcoin can double up to 1 years. You can earn 10 times your money with Bitcoin. on the other hand, you can lose them all. because it is not as stable as gold. I think both are smart, but if you are very solid, stay gold.  Bitcoin can be rich, or poor. gold doesn’t make you rich or poor.

[SiDtHeBeSt]

Gold in my country is largely used as jewellery and not as an asset but we also consider our gold jewellery as a type of investment and I don't think we have to give any paperwork on the gold that we buy here the only thing here is that we have to pay taxes on gold jewellery purchases. People might say that the profit earned on gold could be less but is also safer than bitcoin investment.

[Rana590]

They are different sector and not same. Gold is a physical asset which is generally used as a jewellery. On the other hand, bitcoin is a online based decentralized crypto coin which is much popular at this time for investment.

[kaisa]

I currently believe that the value of bitcoin is better than gold, but bitcoin still has a high risk of gold. Gold has physical value and has the benefit of transmitting electricity to electronic devices. While bitcoin adoption is still little used as payment, so the value depends on the trader. The big question is whether everyone will agree with the decentralized payment system?

[EriksonPartners]

From one side, gold has proven its worth over a period of time and Bitcoin hasn’t really even been here for that long. However, when it comes to the actual store value, I believe bitcoin really is much better in the long run. Also think about how you would secure or keep gold, you would need to find storage and all of that could be quite expensive. With bitcoin to be secure you only need a small amount money and Eexchanging and sending it is also much faster and cheaper. Gold probably was the best value, but only until Bitcoin came.

[EriksonPartners]

I don’t know who would actually make the switch. Bitcoin is similar to gold in many ways, only it’s much more convenient and because of its decentralisation it’s an amazing inflation hedge (as some already said). Store of value and liquidity is not an issue for bitcoin.

[odranoel]

Of course for me BTC is better store of value than gold, yes gold is visible and you can owned it and hold but it is needed to keep very safe from others. Unlike BTC were easy to change and easy to keep and of course a good value.

[panganib999]

I don’t know who would actually make the switch. Bitcoin is similar to gold in many ways, only it’s much more convenient and because of its decentralisation it’s an amazing inflation hedge (as some already said). Store of value and liquidity is not an issue for bitcoin.

I do think so, bitcoin is just similar to gold because it is valuable now but what if time willl come that it will be just priced as a hundred dollars ? Gold has so much more option not just bars. Hence, bitcoin contains high volatility that will make the asset uncertain and unstable.

[Danslip]

I don’t know who would actually make the switch. Bitcoin is similar to gold in many ways, only it’s much more convenient and because of its decentralisation it’s an amazing inflation hedge (as some already said). Store of value and liquidity is not an issue for bitcoin.

Bitcoin is estimated as a risky financial asset and I hesitate it can replace the gold as a cryptocurrency store of value. For replacement, there are genuine alternatives that volatility is lower than the daily velocity of bitcoin's price. Investors sell their risky financial assets when crisis nock the door and their money flows to safe assets like gold. I doubt they will transfer their wealth to cryptocurrency.   

[Rorouni]

ahh isn't it documented that gold was killed for and taken during Queen Victoria and to establish any ownership you had to know someone in government. which is why proof of work and profit sharing in bitcoin is NEW freedom and monatary sovereignty.

[malikusama]

Comparison of bitcoin and gold is now an old topic, i am seeing this comparison from the very beginning when i started to learn about cryptos.
Decentralization and anonymity of bitcoin has given superiority to bitcoin over gold and i think its enough to prove that which store of value is better between these two(bitcoin and gold).

[Zero1One0]

True. Bitcoin is more portable compared to gold.
But withstanding the test of time, gold and silver has been the only "real money" for 5000 years.

The digital revolution that we are experiencing is exciting and is also changing money as we see and use it.
I would suggest to try and acquire both BTC and some gold/silver if you can get hold of it.

Both are better storage of your economic energy than fiat for long term.

[gribble]

True. Bitcoin is more portable compared to gold.
But withstanding the test of time, gold and silver has been the only "real money" for 5000 years.

The digital revolution that we are experiencing is exciting and is also changing money as we see and use it.
I would suggest to try and acquire both BTC and some gold/silver if you can get hold of it.

Both are better storage of your economic energy than fiat for long term.

I agree with you there are many benefits of bitcoin than the gold except to store of values money, on the bitcoin we can take full of control of our values in the bitcoin, bitcoin does not needed third party except we want sell them on the market, it is so simple than trade the gold to fiat money and no need long time to on the bitcoin transaction processing be compared by gold.

[Lion_ashy3]

I remember couples year 2016/2017 precisely on my post account I was in support of the motions that bitcoin was a better store. But since 2018 bear have started correcting that motion. Gold doesn't depreciate in price like btc did in the last 350days+ so it's a better store with my experience. Gold is. At least you would've a peace of mind if it's in a safe place. If you don't gain you won't lose what you have.

[Grobokopalka]

Bitcoin needs to prove itself reliably. Because of such price jumps in a fairly short period of time, it will not be able to compete with gold for a long time. Here, first of all, we need stability.