Bitcoin as a better store of value than gold

[alina345]

In my opinion, Gold is more stable, but profit is not as great as from bitcoin. Bitcoin is not stable right now,
but the potential is very high, as is the likelihood that its price can greatly increase, given the fact that it was already $19,000 in 2017.
Cryptocurrencies don’t have any government control, are globally acceptable and provide a new safe haven for storing values, although these are volatile.

[Eko prasetyo]

What is certain for me is
Bitcoin and gold are different
In a system like bitcoin is digital currency and gold is a physical element.
 Everything that has value, but the difference is Real and Digital goods. Maybe comparing them is not necessary because they have value for me.

[Shinolee]

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?

There is no restriction for an individual to own any specific amount of gold, it is purely our choice however as per the new rules in my country we need to maintain accurate income statements even for the gold we possessed.

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.

To purchase bitcoin we need FIAT so few bankers are investigating the customer accounts dealing with bitcoin transactions and restricting those accounts from use. Even if the ban is implemented in a country always there was various ways to execute bitcoin transactions and banking system is worried if investors are prioritizing crypto currencies that turns a negative sign for country revenue.

[Dinmazsae]

I agree, because Bitcoin will increase its exchange rate quickly and will not be obsolete with time, even though its physical form changes but the selling value is still the same. while the Gold selling value is not so significant, because there are many things that make the selling value go down like physical damage, reduced weight and much more.

[killat]

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.

Another advantage Bitcoin has compared to gold is that supply of Bitcoin is limited. We know for sure that there won't be one single Bitcoin after 21m. And this should stabilize and raise the price in the future. Or for gold, we can't know how many new gold mines can be discovered in the future.

[Bdstar]

In my country I think Gold is better Because It's price always increase On the other hand Bitcoin price doesn’t increase always.Though if we think about security then bitcoin is ahead of gold.But I believe buying gold is more profitable than Bitcoin.               

[Siren]

Bitcoin can offer us a huge amount of profit and there’s no doubt about that,but for me its needed to also have a Gold for storing because its physicality gives us assurance incase of something emergency happen,we can bring it even without electricity and internet

But indeed its bitcoin is much better for stored value than gold

[steveabrahams]

What is certain for me is
Bitcoin and gold are different
In a system like bitcoin is digital currency and gold is a physical element.
 Everything that has value, but the difference is Real and Digital goods. Maybe comparing them is not necessary because they have value for me.

Yeah, if bitcoin can produce a physical unit like gold then we can start comparing, just not now i guess. They are on their own world. In my opinion both bitcoin and gold are good to store of value. Gold is like the old way and bitcoin is the new way

[xvids]

When it comes to value I think it is safer to invest in gold,
But if you want a huge profit you could invest in Bitcoin but it is much more riskier,
I just think that when it comes to long term investment it is better to go in Bitcoin.

[asus09]

I agree, but the problem is not just as you say.
however, everyone has a different perspective, especially for virtual currencies such as bitcoin. every risk always exists, because both contain elements of money that are not small.

[gesdan]

if we see from the value, i think the price of bitcoin is more than the gold, but we can see that the popularity and the reliability is better the gold more than the bitcoin, and i think that the bitcoin price is not good for currency because of the price is not stable

[Infek]

In my opinion, anyway, a large number of people will trust gold than any virtual currency, that cannot be held in their hands. Gold can always be stored in bank cells.

[anggi]

if we see from the value, i think the price of bitcoin is more than the gold, but we can see that the popularity and the reliability is better the gold more than the bitcoin, and i think that the bitcoin price is not good for currency because of the price is not stable

in terms of price, of course bitcoin is far better than gold, moreover bitcoin is also the best type of investment for now. however, when compared to gold, I think that gold has many enthusiasts at this time, because of stability, function, and others.

[Itsmylife]

In my opinion, anyway, a large number of people will trust gold than any virtual currency, that cannot be held in their hands. Gold can always be stored in bank cells.

You must know that a lot of government still not recognize the virtual currency as a currency unit. But at the time that virtual money is used popular, people will change their minds because we want to store something tiny but have big value and safer.

[Rimon365]

I agree with you. It is safe to keep bitcoins than gold. Besides, there is the possibility of increasing the price of bitcoin more than the price of gold.

[UmerIdrees]

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.  

Bitcoin was not meant to replace gold. It will replace the paper currency only. Even currently when paper currency is being used every where, Gold still exists and will exists always.

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.

If you say that bitcoin is more portable compare to Gold than i would say it is more risky too and can be theft easily because of its online availability. Gold is a physically asset cannot be stolen unless someone physically broke into your house.

[MonaLeeTracy]

I agree with you. It is safe to keep bitcoins than gold. Besides, there is the possibility of increasing the price of bitcoin more than the price of gold.

we don't doubt the increase in the price of bitcoin, because the increase in bitcoin is faster than the increase in gold whose movements are also quite long, and sometimes waiting for the price of gold to rise is more boring than bitcoin.

[Vanshenz]

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.

to be honest I as a woman prefers gold as a tool to invest, because the risk of experiencing losses is already counted, even though I also save some of my money in bitcoin, but I save more of my money in gold, because I can use it for jewelry.

[TheBlock]

We all know the majority (in the world) store value in gold it has it pros and cons its actually physical and everyone know what it is, but btc has it other pros and cons its more portable and people wont be able to mine them anymore so its more interesting for the people who knows.

Maybe one day all the gold will be found and the price will go up or people will find more and the price might go down a bit

[keanne_isaac]

It depend on what entry price you buy bitcoin and same time with gold. Bitcoin is more volatile and risky than gold but the chance to earn profit in bitcoin is also high than gold in bitcoin if the price surge you can double your investment in less than a year but in contrast if it falls hard you can loss also your investment unlike gold its price move upward gradually over time.