Topic: Why people says gold is better? - page 12. (Read 11686 times)
You really can't compare bitcoin to gold since they have a big difference in terms of usage. Yes, both can be a form of investments, but bitcoin can be use as a payment to some establishments while gold is a form of investment wherein its price is the rarest gold the higher the price, the thicker the gold the expensive it is. But both is a very big thing to a person's lives.
Gold is used as an asset since thousands of years. Bitcoin is virtual cryptocurrency. Gold is easily acceptable world-wide and we do not need Internet to sell the gold. People can also buy gold to make money and make jewelry.
Actually today I watched a video on facebook which is about spending bitcoin and gold in USA,it says it is difficult to spend bitcoin but some places are accepting bitcoins accepting as payment like supermarket,restaurants and some institutions.But no one accepting gold as payment then why still people says gold is better?
In fact, everyone feels that gold is better than the virtual currency because when investing in gold we will feel confident that this is a place where there is a better platform in which the Virtual copper money like Bitcoin is developing very well, but there is a lot of risks that these currencies will end up. 
These sort of arguments pop up only when the Bitcoin prices are down. No one dared to put up such arguments, when BTC was giving 1,500% returns in 2017. Bitcoin is highly volatile, and it is the basic difference between that asset and gold.
Better for what?
As a long term passive asset that can be left for the next generation? Yes.
For many centuries gold has been a solid real asset.
Whatever happens gold always has value and can be sold when needed...
For trading - I think cryptocurrencies give more opportunities to earn profit (as well as loose) quickly.
As a long term passive asset that can be left for the next generation? Yes.
For many centuries gold has been a solid real asset.
Whatever happens gold always has value and can be sold when needed...
For trading - I think cryptocurrencies give more opportunities to earn profit (as well as loose) quickly.
Most likely because gold itself has long been known and society or government has approved gold. and gold has also been getting a lot of regulation. in contrast to the newly-known bitcoins and much debate between politics and the state
yes, that is correct points, but you can not trade and earn with gold easily. mostly only government can do so. while bitcoins can be traded or invested by anyone. that is my point here why bitcoin can be better then gold. so all in all, let's say that if internet is forever then, well, bitcoin might be as good as gold. imho 
Most likely because gold itself has long been known and society or government has approved gold. and gold has also been getting a lot of regulation. in contrast to the newly-known bitcoins and much debate between politics and the state
Bitcoin and gold as an investment has its own advantages and disadvantages. If as a means of payment then gold is not better because it will be inconvenient and not practical. If viewed in terms of gold risk as an investment, gold can be said to be better than bitcoin because the price is very stable unlike the fluctuating bitcoin and gold is also accepted by all countries. But for the benefit, bitcoin gives bigger.
I think gold and bitcoin I prefer bitcoin, because for me bitcoin from year to year gets a lot of profit, compared to gold price also gold selling price will decrease. so I prefer to store bitcoin.
If Bitcoin prices continue to rise, many will think it will replace gold. However, for investors loyal to gold, bitcoin will never give them a sense of delight when holding a coin or a gold bar.
Actually today I watched a video on facebook which is about spending bitcoin and gold in USA,it says it is difficult to spend bitcoin but some places are accepting bitcoins accepting as payment like supermarket,restaurants and some institutions.But no one accepting gold as payment then why still people says gold is better?
People say Gold is better cu they're not against bitcoins, they just worried about you, Your money and your future.They don't want you to waste your money some where. You should convince them about bitcoin that it don't have only disadvantage but it advantage also.
I can double my money with bitcoins. There is no point to lose money with cryptocurrency. You can also ask them to invest with it and leave the Gold. Once you clear their mind i give you guarantee they'll start supporting with you.
Gold is valuable in itself, with the practical use of a material that is used in electronics, gems, dentistry and more. Holding gold is also cheaper than Bitcoin. Normally one must pay at least 1% to protect the property in the form of Bitcoin, while investors in gold may only have to pay a protection fee of less than 0.1%.
People always need to feel the value and gold is better in this case already. You can take gold to your hands when bitcoin is just the numbers on your screen.
In some respects, Bitcoin can never replace gold. For those who like the feeling of touching wealth, the blockchain does not exist in the real world and investors feel insecure about their possessions. 
Gold has been a famous sector for investment and also a beautiful ornaments for a long time. People thinks that there's a must surety in gold investment. If the price of gold go down, they also can use it as ornaments. That means it won't loss.On the other hand bitcoin although a new currency than gold.Also many people don't believe in bitcoin or such online currency. That's why people says gold is better.
Those who follow Bitcoin will recognize its similarities with gold. You can dig a bitcoin like you can dig gold. If the government's cash can be issued in unlimited quantities, bitcoins are only produced in a certain amount like the scarcity of gold on this earth. Gold is better than bitcoin because its value has been confirmed several thousand years ago. Bitcoin has a history of over 10 yearsActually today I watched a video on facebook which is about spending bitcoin and gold in USA,it says it is difficult to spend bitcoin but some places are accepting bitcoins accepting as payment like supermarket,restaurants and some institutions.But no one accepting gold as payment then why still people says gold is better?
I think the reason why peope saying that gold is better han Bitcoin, because gold is very popular in the whole world, and gold is in a stable price while bitcoin is more profitable than gold. Gold is looking good and I think that gold is no longer that the price will increase
Gold has been a famous sector for investment and also a beautiful ornaments for a long time. People thinks that there's a must surety in gold investment. If the price of gold go down, they also can use it as ornaments. That means it won't loss.On the other hand bitcoin although a new currency than gold.Also many people don't believe in bitcoin or such online currency. That's why people says gold is better.
People always need to feel the value and gold is better in this case already. You can take gold to your hands when bitcoin is just the numbers on your screen.
Actually today I watched a video on facebook which is about spending bitcoin and gold in USA,it says it is difficult to spend bitcoin but some places are accepting bitcoins accepting as payment like supermarket,restaurants and some institutions.But no one accepting gold as payment then why still people says gold is better?
The reason is because many people are still not aware on how profitable is the bitcoin. Gold is very popular because of its value but for me, bitcoin is more profitable than gold because the price of the gold is stable. 
Because people think gold has more secure than bitcoin as govt. mood against crypto we can't predict. People believe in those asset which they can see and should have stable price because people are very offended when they are going to invest their money. It is real fact because if you see historic data of gold price than it seems stable and secure.
Actually I also think the same, physical existence has more acceptance than intangible one. More over Gold doesn't fluctuates also so high like crypto currency. And Gold bonds give a guaranteed return along with the return on value increase.
One thing about Gold I personally like is its acceptance in various fields, you can receive loans upon your Gold holdings, you can sell it easily and you can also make something more valuable out of it like jewelry etc., and make more money.
of course gold is beautiful and real, unlike the invisible bitcoin, gold is also safe to ditd place investsi even if the price is stagnant
Jump to: