chiefmonkey
1) don’t compare market caps… Bitcoin is 9 years old… how old is gold?…
2) you forgot Silver, it’s completely undervalued compared to gold…
3) if you think there can only be one winner I guess you don’t fully understand what cryptocurrency is… in short its programmable money, each can have its own characteristics, a purpose, a function, in the future there will be millions of different cryptocurrencies with a million different functions, cash or a store of value is just the first idea and one that’ll eventually become redundant (distant future predictions)…
5) gold is manipulated…
6) gold is manipulated (repeating for effect)…
7) in crypto, Bitcoin has a development community hundreds of times larger than all other cryptos combined, it’s constantly evolving (I don’t include ETH or ETC in this because they are different beasts IMHO…
8) sure buy lots of different cryptos if you’re approaching this like spread betting but do some research on the coin first as to why it’s different or what’s it’s purpose…
Is it better than gold as a store of value?
debatable, I think it comes down to how much you understand each, and personal choice… as an investment, it’s been the best performing currency in the world for the last 2 years and it’s moving average curve is pretty consistent despite the volatility… there’s also some killer apps on the horizon that utilise bitcoin in the background and appeal to mass adoption even by people who don’t even know they’re using Bitcoin… in my opinion yes it’s better but that’s because I understand (nobody fully understands) this space and its potential and it’s a natural evolution to gold and cash
