Bitcoin vs Gold as a store of value

That it could be used for tax evasion and money laundering could end up being it's downfall , rather than supporting it's price.
 
ET180 said:
If we're talking about storing more than a bag of gold coins, then yes, bitcoin is more portable than gold. But what good is the portability if it does not hold its value over time? As I said, tulips held / increased in value for a while as well.
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Ahhh, you have to limit yourself with gold. I got it now.

Tulips had value in the past, but we don't live in the past. Currently, bitcoin is valued over $11,xxx in the markets. You think it's valued over $11,xxx or you'd be shorting even just a little. Am I missing anything?
 
johnarb said:
Ahhh, you have to limit yourself with gold. I got it now.

Tulips had value in the past, but we don't live in the past. Currently, bitcoin is valued over $11,xxx in the markets. You think it's valued over $11,xxx or you'd be shorting even just a little. Am I missing anything?
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I explained in detail why I don't short bitcoin. Go back and read my post from last night.
 
ET180 said:
I explained in detail why I don't short bitcoin. Go back and read my post from last night.
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I read it and you even said bitcoin price may go up which would cause a 70% loss on your short position. So, your own words claim bitcoin at this price may go even higher. Your belief that bitcoin is worthless (worth much less) does not hold up when you have to risk capital on it.

There are put options available on bitcoin but they are overpriced but they will limit your losses.

Good trading to you.
 
johnarb said:
This is going to be wasted, but here goes.

Bitcoin is much better than gold. You can cross any border by any mode of travel with more than $100,000 worth of bitcoin, try doing that with gold. You can send $100,000 worth of bitcoin to anywhere in the world in minutes. Try doing that with gold.
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I like you johnarb, your posts are cogent. But it is shortsighted of you to continue to downplay the significance of gold as a store of value when compared to BTC.

You are not taking into account the entire big picture. With regard to all you have typed above, just think about this for a minute...


The above vid is a way to ask, "What are you going to do with all of your smug crypto currency when all power in the world goes out? How are you going to send all your bitcoin anywhere, when there is no electricity, and oh, no bitcoin either because the EMP has wiped all record of cryptos from the face of the earth?"

With cryptos you have a "store of value" that resides in digital form, but based on it's own stored value. A major disaster like EMP stuff, or network outages for the long term etc will render BTC useless and valueless, because it will no longer exist.

Gold will still exist, as will food and ammo.

Those are the three real stores of value in this increasingly paranoid world we are finding ourselves in...Gold, food, and ammo.
 
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Overnight said:
I like you johnarb, your posts are cogent. But it is shortsighted of you to continue to downplay the significance of gold as a store of value when compared to BTC.

.....With cryptos you have a "store of value" that resides in digital form, but based on it's own stored value. A major disaster like EMP stuff, or network outages for the long term etc will render BTC useless and valueless, because it will no longer exist.

Gold will still exist, as will food and ammo.

Those are the three real stores of value in this increasingly paranoid world we are finding ourselves in...Gold, food, and ammo.
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I don't hate gold and I spent a few hours a month ago looking at the different offerings at Apmex which accepts bitcoin as payment. I'm thinking of getting about a pound of gold for less than 2 btc's (edited as price of btc to $ went down), but the safety deposit box at our bank near our place have a 1 year waiting list. We may need to look for a bank farther away.
 
johnarb said:
I don't hate gold and I spent a few hours a month ago looking at the different offerings at Apmex which accepts bitcoin as payment. I'm thinking of getting about a pound of gold for less than 2 btc's (edited as price of btc to $ went down), but the safety deposit box at our bank near our place have a 1 year waiting list. We may need to look for a bank farther away.
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I found a more modern vid to make the point, the post above was edited to reflect that.

And I never intimated that you hated gold. I just think you are narrowing your options for stores of value if and when the SHTF.

If that never happens, great! We will go on with our lives. But gold is a better hedge against that sort of thing than cryptos.
 
Overnight said:
I found a more modern vid to make the point, the post above was edited to reflect that.

And I never intimated that you hated gold. I just think you are narrowing your options for stores of value if and when the SHTF.

If that never happens, great! We will go on with our lives. But gold is a better hedge against that sort of thing than cryptos.
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You're dreaming, networks will get their power source directly from the sun soon and will be operational in space. There goes your scaremongering strategy.

Good luck seeing $1800 again, I reckon gold is heading back to $200.
 
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