Bitcoin vs Gold as a store of value

It's not feasible to hold shorts with a broker like IB and I'm not going to abandon everything else just to short bitcoin. This is why I'm not short.

 

Bitcoin’s Economic Moat: The Network Effect

https://www.ccn.com/bitcoins-economic-moat-network-effect/

 

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.

I don't know where you're getting the 3 days from, but there are much faster ways to get fiat. I have a tablet I loaded with a few thousand dollars worth of bitcoin, and it takes me less than an hour to pick up fiat from a local remittance place. Look up localbitcoins and mode of payment for buyers (not face to face meetups).

Bitwala was cutoff by their bank partners, otherwise, you can send money to yourself anywhere in the world you happen to be traveling using bitcoin. Bitwala is planning to resolve this issue by possibly being a bank themselves.

Bitcoin acts as swiss bank account. Gold I guess can function as such but the storage and security issues of being confiscated anywhere you go with a significant amount is not cool. Ymmv.

 

Man... You do realize you're arguing about how central banks are shit and cryptos are the answer to that with a guy who worships one of the biggest current symbols of all that stupidity(Mario Draghi, from the ECB, check his picture if you haven't), right?

Save your time and enjoy your bitcoins...

 

Worships? I thought he's expression was interesting so I used the image. What an interesting world you live in, Mr. Chinese symbol man (does it say "chicken soup"?).

 

Yeah... Something like that.

 

Interesting how the stupidest threads (such as this one) draw the most activity.

 

That was also true with Surf's threads...

 

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.

 

gold had a speculative boom in the 70s/80s that finished with it dropping over 80% in inflation adjusted terms. booms and busts are normal in markets, what matters are the FEATURES one of asset vs the other