Bitcoin as a better store of value than gold

[1BTC EQUALS 1CAR]

Indeed because when you have gold, you can only carry enough amount that you can but with bitcoin, you can access anywhere in the world or anytime that is convenient to you. I think gold is more like a collection and btc really suits the store of value.

[antisocial77]

it is not yet, maybe it will never be.gold is the oldest and safest investment for a centuries.it is not an only investment, it is the best way to keep your assets.it is for me at least.however i dont have any gold but bitcoin

[yvesp110]

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.

Yes right but being as an investor you should not think about lose try to be positive and make wise decision, here don’t think like women but as an investor, and according to me you should invest whole in bitcoin because the risk is not even there, for gold if you have counted lose here you will not lose anything, it is most promising investment.

[Onuohakk]

Well as at the moment I would not say bitcoin is a better store of value than gold because cryptocurrency is very much volatile and the prices varies so often unlike gold

[ShakilTaj35]

I am agree with you. Government has no control on BTC. It's a hidden assets. Besides the value of BTC increase more than Gold in a short time.

[Joseph R. Cord]

It's only sensible that we keep multiple investment options to help our self, I don't prefer getting one-zoned!

[xnxxyz]

I think Bitcoins have a better value than gold because of the physical barrier as well as higher rates. Of this crypto currency is steady for a really long time then the next generation would rather invest in Bitcoins than gold. You have got a point here

[Daniel91]

I am agree with you. Government has no control on BTC. It's a hidden assets. Besides the value of BTC increase more than Gold in a short time.

Yes, but bitcoin also decreased much more than Gold
Definitely, bitcoin is not right investment for investors who prefer stability over long time.
In my opinion, bitcoin is good for speculation and fast profit but gold is much better financial asset long term.

[Ayiranorea]

I am agree with you. Government has no control on BTC. It's a hidden assets. Besides the value of BTC increase more than Gold in a short time.

Yes, but bitcoin also decreased much more than Gold
Definitely, bitcoin is not right investment for investors who prefer stability over long time.
In my opinion, bitcoin is good for speculation and fast profit but gold is much better financial asset long term.

The growth difference between gold and bitcoin is far away on various factors. This can be of the growth through usage similar to fiat, as payments on marketplace and so on. In simple terms gold is good for users with specific needs. With bitcoin it is good for users who prefer taking risk profiting in short term.

[pushups44]

I believe both gold and bitcoin are worthwhile investments. Gold has a much longer history as money than bitcoin, but bitcoin is digital and thus more portable. I believe the price of bitcoin has more room to grow given the potential adoption for it that exists throughout the world, whereas gold is a good hedge in case of a financial collapse or hyperinflation. Both are a good store of value in the long term.

[steveabrahams]

Well as at the moment I would not say bitcoin is a better store of value than gold because cryptocurrency is very much volatile and the prices varies so often unlike gold

Yeah, if we talk about the price, gold is the winner here, because of the gold price is stable, not like bitcoin price that always changed every minutes. As i said before, both bitcoin and gold are good but if you want more safety, i think gold is the safe one.

[naufals4]

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.

for me i would like to invest my money for cryptocurrency like bitcoin because cryptocurrency right now use technology blockchain and it is always developed for the better performance, don't just look for 1 or 2 years you have to you have to see more than that like in the future this technology will be very much needed

[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.

for me i would like to invest my money for cryptocurrency like bitcoin because cryptocurrency right now use technology blockchain and it is always developed for the better performance, don't just look for 1 or 2 years you have to you have to see more than that like in the future this technology will be very much needed

I also invested some of my money on Crypto Currencies but I am not expecting too much from it because we all know this is a speculative industry and volatility is really high and investing in Crypto Currencies are extremely high-risk. Majority of the time when we expect too much it will lead us to disappointments and end up frustrated when our investments fall down on its price that's why it is better not to expect too much rather than feel depressed in the end. Even if I'm saying words like what I say I also believe that this technology will be in demand in the near future.

[n0ne]

Bitcoin has got multiple access, upon which it can used upon the users need. Whether it is to be used as a store of value or as a long term holding asset or as currency. Gold has got the value from its years of history and upon the rare availability, while bitcoin isn't the same. It is completely a technology backed asset and this makes people have a thinking that gold as a better store of value.

[MakeMoneyBtc]

Indeed because when you have gold, you can only carry enough amount that you can but with bitcoin, you can access anywhere in the world or anytime that is convenient to you. I think gold is more like a collection and btc really suits the store of value.

That's because you don't use gold to make your daily purchases and payments. You use it as a store of value, because its value remains stable and grows over the years. Of course bitcoin has a lot more advantages than bitcoin when we talk about making transactions, exchanging it and many other but the fact that it's price is so volatile makes it bad for a store of value.

[St4yInTh3D4rk]

It can't be better store of value than gold when it is having high volatility on its price unlikely gold is one of the most stable asset on this earth so people can save their money in the form of gold bars without any fear but in bitcoin their holding value might decreased upto 10 times in less than a year or upside down as well.

[joy99]

To me, bitcoin is a better store of value as said by the OP. I feel like I posses my BTC at hand more than when they were to be Gold which can be destroyed or stolen which BTC is not very vulnerable unless you make a mistake. Ownership of Gold means you have to carry it along when going to exchange whereas bitcoin does not need the owner to carry it in their full bags.
And also governments sort of control gold so the issue of centralization comes in here.

[princeyeboah]

Bitcoin is a better store of value as compared to gold because hundreds of Bitcoin can be stored safely on a single wallet, thus, making it handling much convenient. Gold occupy much space in storage and its handling its quite cumbersome especially when traveling with tonnes of gold.

[shesheboy]

Bitcoin is a better store of value as compared to gold because hundreds of Bitcoin can be stored safely on a single wallet, thus, making it handling much convenient. Gold occupy much space in storage and its handling its quite cumbersome especially when traveling with tonnes of gold.

thats true but the risk of hodling too much bitcoin in your wallet is too much compare when you are storing alot of gold in your basement because hackers can stole all your bitcoin at one move while that wont be possible for gold because the gold is more heavier due its physical form  and you can easily catch a criminal offline because of cctv's while its hard to catch a hacker online because they are anonymous as they can use fake identity and other privacy tools  .

[DigitalCyberius]

*Physical nature a weakness?
It depends on how you look at it.
#1. one reason why people stash gold (preferably at home or another place they are guaranteed access, hidden & secure) is in case of a financial collapse or regional/national catastrophe, in which you may not have access to the internet or digital devices, which Bitcoin depends on. Also, there is a huge expected rise in silver and gold in the event of financial collapse. See Mike Maloney.
#2. physical gold is immediately exchangeable in many places, such as pawn shops & some jewelry shops, among other places, and is universally recognized for its value, whereas Bitcoin acceptance is still pretty scarce globally speaking.
#3. just saying, but gold does have actual physical properties used in medical, health, electronics, shielding, and more.
#4. there are actually some gold digitalization tokens in existence, which theoretically carry the same price value as gold, along with the advantages of being a digital currency.

*BECAUSE of a "centralization in vaults" problem?
#1. As stated, many people do not keep their gold in vaults.
#2. If you are going to use a vault, then I suppose so. It would really depend on how well you trust the bank or private company's vault in question.  

*How much gold can one own in their country?
Not sure actually, but the US did confiscate gold in the past. But countries have also attempted to make Bitcoin illegal. How much gold can you own in your country? Is there a limit? PS, the reason the US confiscated gold is because it has value, and fiat was in crises (which it still is).


*Bitcoin:
Purely digital and subject to internet access, acceptance, and digital devices which can get lost or broken; no intrinsic value; not widely or globally accepted; high fluctuating volatility; could continue to lose value; does not have thousands of years of historical use & value like gold and silver; etc. There's also potential digital dangers, some already apparent, and some, like quantum computers yet to come.


Which do you think is better?

Have a good day,
The Cyberius team.