Topic: Why people says gold is better? - page 102. (Read 11715 times)

Trust me, in the doomsday, even gold will be worthless, humankind will seeking for safety instead of that useless kind of gold. Also, if you save up your gold somewhere else probably in your house or in your bunker
and if someone finds out that you hold some big amounts of gold. then, maybe you will face the nightmare which is robbery.

I think many people think that gold is better than bitcoin because gold has a special shape and high value. And quite stable. But bitcoin is actually more valuable than gold, but bitcoin is virtual money and people are afraid that it will disappear. That is why they say that gold is better than bitcoin

because is it a mineral and it does backup for paper money, in compares to bitcoin which is not backed up at all.

The #1 reason gold is better because we all know what gold is. And we can test it. You don't need a central authority to tell you what it is either, it is a basic element.

That's not true of bitcoin. There is no single central authority that decides what a bitcoin is. Some people say Bitcoin Cash is the real bitcoin. Some say Bitcoin Core is the real bitcoin. When SegWit2X was going to happen there was a huge argument about whether that fork was "bitcoin" or not. There was going to be two Bitcoin Core's and the community was going to split. Now, there is some general agreement about what the bitcoin blockchain is right now but some people don't agree. And in the future, there is no reason not to believe it won't fork again where the community will be split in two with half saying this blockchain is the real bitcoin and the other half saying the other one is. And at that point, there is no central authority to say which one is the "real bitcoin"

The #2 reason is because when I have gold, there isn't a group of developers out there that can simply make my gold worthless. The bitcoin developers (whichever one you consider, Core, Gold, Cash, Blue, etc.) can unlimit the number of bitcoins by changing one line of code. They can blacklist a specific wallet address with a couple lines of code. They can do whatever they want. However, even they aren't the only authority because...

The #3 reason is the miners can do whatever they want as well. Mining is now centralized and small number of miners control the blockchain. They can completely block a specific transaction by not adding it and then if it sees that transaction from someone else, removing it and then mining back ahead to keep a longest chain that doesn't contain it.

The #4 reason is because I don't have any transaction fees when I buy and sell gold. I only have market spread and I don't have to go through any middleman who stamps my transaction to OK it. I can do a transaction with someone directly without having to send a transaction off to a third party and where my transaction is made public via a public key that might be associated with me.

Basically when you buy gold, you have bought something that is immutable. When you buy bitcoin, what you bought may be devalued by others, may be blocked by others and you must go through others even to do a simple person to person transaction.

Bitcoin is touching new price high day by day. So do its volatility. Bitcoins supply is limited in numbers, but its demand is increasing day by day. As a result its prices are moving up and down sharply. Due to these sharp movements many people stay away from bitcoins. Instead they prefer gold currency. Gold is much stable as compared to bitcoin. Though bitcoin gives huge amount of returns, some people stability. Conversion of bitcoin to fiat cash need bitcoin wallets etc. Gold get converted to cash easily. Bitcoins are banned in some countries, gold has universal acceptance.

actually gold is also a profitable investment but the increase in price is very slow and the price is also much different with bitcoin which is increasing very fast so I think bitcoin is still the best

Maybe they still do not know what bitcoin is, and gold is very different from bitcoin. It has no physical form, it is a virtual asset that everyone can have in full, without intermediaries in transactions, very fast and secure because it has the most advanced technology today.

 But with gold it is not convenient and it is not possible to buy and sell goods, so bitcoins and gold are needed and promising.

Of bitkoyna not make any jewelry it can not be put in a safe and you can not hide the treasure.

Lol, Get you facts straight buddy! There is no limited supply of gold, it is available in the form of ores around the world, what really is in limited supply, is bitcoin and we all know this fact.

Bitcoin is day by day increasing in value just because of this very reason that it has limited supply. People are fighting to hold as many bitcoin as they can right now before all bitcoin are mined out. Bitcoin is better than gold in all aspects.

well of course they can say that because Gold is tangible,physical,real,For them they will say gold is better rather than bitcoin because some of the people they don't have knowledge in bitcoin.But ask something about gold,they know about it.

people do not know about bitcoin is it.And they do not want to learn about it.If gold is better,bitcoin is the best.people most like bitcoin.

If gold is better, bitcoin is the best. Backdated people think that.But new generation actually like bitcoin.

People with traditional thinking will always say that gold is better because one can feel it. On the other hand, BTC cannot be touched or felt.

Many people are prepare with tangible asset, they wanted to hold physically their asset, like Gold.
 
Gold Advantage:
- transaction can be done anytime, no need for internet connection.
- less volatility

Bitcoin Advantage:
- transaction can be done across countries or continent
- million dollar or even billion dollar worth of BTC are fitted to one wallet
  

 :'(actually i feel that,bitcoin and gold is different way.Bitcoin is the strongest virtual digital currency right now, otherwise gold is one kind a property.

If you make that kind of comparation, that bitcoin could be somekind of payment tool and gold can't. simply wrong to put gold into payment tool comparation. Because, what i think about gold is not a payment tool. But, gold itself is such kind of investment for the future. Rare material on earth that have value in society. not as payment tool, but investment. well, bitcoin is good. This coin could use to payment tool and investment too  #CMIIW

Gold better because it's physical object that can be protected by human being. In other hand Bitcoin is computing process that has high risk of hacker or doomsday (dead internet). Not just Gold better on that security but it also created/come out from earth not human so there is real value and stock in it.

That's because gold is simple and not complicated during the sales process, plus most people believe more with gold than bitcoin. As in the know gold has been long enough and has become investor confidence.

because you can get money in Gold. in creating coins you need gold with it. its the basis of money. Just like what they said it is the
standard of money or value of money so thats why gold is better. Gold is the history of everything while bitcoin just pop up from
somewhere that's why people give more importance to the things they know more than they knew less