Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is better than gold
by
ayamboy
on 06/04/2018, 10:49:55 UTC
Gold, as long as you are buying physical bullion and have a place to store it safely, is the only asset with no counter-party risk, and has tended to keep its purchasing power throughout history. It has no yield, but makes an excellent hedge against the loss of purchasing power of cash.
 
Bitcoins are something totally unique in that they have a very strict increase in supply, and the blockchain is public. It serves as a world-currency that can easily be transfered across borders, but it has drawbacks like low transaction speed.

There is so much more to each of these assets, and I strongly suggest you read more about each and understand further what you would be buying with each one before you go about doing it. You should be able to answer your question here for yourself.

No. It does not seem to me. Because Bitcoin is the most valuable currency. But gold has been used by humans as an ornament for a long time. Gold is a very valuable thing which is known and recognized by all the people of all countries. On the other hand, many people still do not know about Bitcoin. Bitcoin is not recognized by all countries. So I always agree that gold is better than Bitcoin, although Bitcoin is not less valuable.