Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: bdsharminsoltana on January 09, 2019, 07:30:43 PM

Title: Bitcoin as a better store of value than gold
Post by: bdsharminsoltana on January 09, 2019, 07:30:43 PM
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.
Title: Re: Bitcoin as a better store of value than gold
Post by: yousufatik20 on January 09, 2019, 07:45:23 PM
In my opinion yes, because new amounts of gold will surge the price down and discovery of mineral can happen any time while with btc the story is different (asset which is not physical but still amount/number is limited). Also not controlled by governments *at least I tend to believe this*. So my vote goes for bitcoin.
Title: Re: Bitcoin as a better store of value than gold
Post by: kamal420 on January 09, 2019, 08:01:20 PM
Even though bitcoin is better than gold but you have to know at this time many don't know about using bitcoin to do shopping and now the price of gold is more expensive than bitcoin, bitcoin should be as expensive as gold but there are still many pros and cons to make bitcoin difficult to beat the circulation of gold prices.
Title: Re: Bitcoin as a better store of value than gold
Post by: mamun777 on January 09, 2019, 08:56:14 PM
I will not be hypocritical here, but for safely, gold is better for storing the value of your money. the price of gold is very stable at any time, so it is perfect if you want to save the value of your money. in the Middle Ages, the price of 1 chicken was only 1 gold dinar. and until now the price of 1 chicken is still the same as 1 gold dinar, you can look for it on google. this proves that gold is the right tool to maintain the value of your money
Title: Re: Bitcoin as a better store of value than gold
Post by: I-Bit on January 10, 2019, 12:21:58 AM
I don't want to speculate saying Bitcoin better than gold for investment. I think gold is still better than Bitcoin for investment because it has been proven for many years, more than Bitcoin has. The most problem in crypto is about volatility in prices and unstable market. It will be too risky for people who don't really understand about Bitcoin or crypto investment. 
Title: Re: Bitcoin as a better store of value than gold
Post by: Jayde on January 10, 2019, 02:01:04 AM
Agreed with you but I think this will come true in the future where the price of Bitcoin is more stable than the current, now the price of Bitcoin is too volatile
Title: Re: Bitcoin as a better store of value than gold
Post by: damsix on January 11, 2019, 01:22:05 AM
As long as we know the privacy key, we will also be the owner of the treasure.
But don't expect if we are hacked by another via software or hardware.

Maybe there are times when Bitcoin loses to security (if we ourselves are careless) and it doesn't get remission. LOL
Title: Re: Bitcoin as a better store of value than gold
Post by: Altcoin1998$ on January 11, 2019, 01:24:51 AM
I believe that the online virtual currencies like bitcoin is better than the valuable metal gold. But gold is always gold it is stable in price and weight but bitcoin always unstable in nature.
Title: Re: Bitcoin as a better store of value than gold
Post by: VK.point on January 13, 2019, 03:24:04 PM
We know that digital or invisible bitcoin cannot be duplicated as well as the most important thing that can be easily transacted around the world via the internet. I think this will be an amazing future.
Title: Re: Bitcoin as a better store of value than gold
Post by: trofim21 on January 13, 2019, 11:38:26 PM
as for me, I keep all the money in cryptocurrency because I believe in this area and I think that in the future it has every chance of growth in price