Topic: Why people says gold is better? - page 34. (Read 11686 times)
Gold is not a currency but it is good as money or even more superior than that. In fact, gold has been money longer than any currency in history. Its value is forever.
They can only say gold is better than bitcoin because they've never actually use or tried to know how does bitcoin work. Most of the people who say's gold is better is bankers and gold investors. Maybe most people favor gold because it is the standard currency since the beginning of time and in times of war. But we are in the information era we need to adopt futuristic technology such as bitcoin.
They says gold is better because the value is constant and it has been in this world for a very long time, that why peoples trusted gold than bitcoin.
Gold has history on it's side.
Gold has been the standard currency since the beginning of time. Because of that people think gold is better than bitcoin/money. Fame of gold is too famous. But if people started know what bitcoin is, the fame will be change. That will happen soon.
It is easy to explain why people said that gold is better than bitcoin. Gold had been known and accepted long time ago by all countries all over the world. It has been used as gold standard and later on replaced by paper currency or fiat money.it can be used and kept as store of value even today, gold is a safe heaven asset. It's price is more stable and no controversy in society. In the other hand, bitcoin today is accepted and legalized only by several countries. This product is still in a grey area.bitcoin price is still high volatile.we still need more time to wait for future development expecting global acceptance.
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?
because they dont know what is the best of bitcoin and also they dont know what is bitcoin change a person life so that's why they say that gold is better! 
Many reasons why gold is better than bitcoin, but gold is basically better because it is accepted anywhere and anyone then everyone knows the latest price of gold because the price never fluctuate, while bitcoin prices too fluctuate or rise and fall in hundreds of dollars per day often occur.
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?
Gold is still better than bitcoin. Because if bitcoin is the father of all cryptocurrency. Then The Real money is the father of bitcoin. And Gold is the father of Real money. Did you get it? I hope you got it. Gold is also can be made as Jewelries unlike bitcoin. Yes, bitcoin can be exchange to cash. But Gold is still better.
Father oh father. All about father but not mother.
You said that gold is mother of fiat money because before we use gold for payment system.
The payment system call barter. To get our stuff for daily need like food, we need to buy it with other stuff or gold.
When it comes to transacting money, bitcoin of course is better than gold.
I think why other people say gold is better because this kind of investment is safe or less risk. Because even the price of bitcoin continue to increase fast but they will crash fast also and thats the disadvantage. While in gold the price continue to increase slowly but surely so your money safe or prevent to lose. But for me both is good. Bitcoin gives you high profit and gold gives you high profit also.
Most people trust on gold as it is proven already over time. But most of these people haven't heard or understand bitcoin yet. Maybe gold will remain steady with its price but bitcoin is like the future which makes it having more potential than gold.
agree gold has already proven and tested, thats why many people believes on it unlike to bitcoins that it is still kinda new to some. Bitcoin is a late bloomer and soon people will also realize the importance of having it. golds value will surely remain steady because their arent enough people who can afford to buy and support it , gold is also hard to find and obtain these days but bitcoin is completely opposite, that is why bitcoin is surely the future of money.
Gold is the investment that passive and slow profit. But they have a big invest for it so its okay if they get almost 15% profit a year. But they dont know how bitcoin works. If the people in the stock market know the profit if they will be join in bitcoin it will switch there investment in bitcoin because bitcoin almost 100% profit per year. Thats i saw in bitcoin history.
Those people who says gold is better I think those are those people who don't have bitcoin who don't knowledge about it and most of all those are those people who did not expanded experience their lives makes more comfortable because of bitcoin.
Most people trust on gold as it is proven already over time. But most of these people haven't heard or understand bitcoin yet. Maybe gold will remain steady with its price but bitcoin is like the future which makes it having more potential than gold.
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?
It's an inaccurate comparison. It's like saying I have difficulty spending Euros or Japanese Yen in the USA. No kidding. You have to exchange it first, just like gold. The difference is that you will likely be able to convert Euros, Yen, or gold to dollars for a long time to come. It's questionable how long you will be able to convert bitcoins to dollars.
Gold lost out a long time ago for funds transfer. It's too heavy and slow to move. You can't fly with it in large amounts without drawing attention to yourself after every airport. What btc has successfully put an end to is transfer packs of fiat currency. Used to, you'd need to move X amount by dividing it up into legal amounts and let people carry it places for you. Risky but effective. No need to do that any more though.
Gold is a real money and a safe way to make money.Bitcoin is also.not yet legal to most of the countries.which is unlike gold that is considered as a global investment so investors can easily use it whenever they would want it to.
Bitcoin is illegal only in a few countries such as Bangladesh and Kyrgyzstan. In the vast majority of the nations, it is not illegal. But you need to pay taxes on your profits from Bitcoin, in case you are selling your Bitcoins for fiat cash.
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?
It is hard to use gold by itself for payment, it is better to use paper money that is backed by gold, but now there is no money in the world backed by gold, the first private project in this field is Golden Currency ( https://goldencurrency.world ). If you know that your money is stable and reliable, and you can change it if you would like to - into gold - that's of much interest for users, they will prefer such money. Bitcoin is more currently as investment, and not money, its not stable, for a business with 10% profitability it is hard to get payment by Bitcoin, if its fluctuations can be of 30% a day... 
Gold and Bitcoin each have their own advantages and disadvantages. And they have entirely different purposes. Gold is useful to protect the wealth of your investment, while Bitcoin is a high-risk asset which can either give you sky high returns, or complete loss.
Gold is also the basis of the financial system of each state. Because of the stable price! For me, bitcoin is a way to make money quickly.
People will say gold is better because gold has a relatively stable price than Bitcoin.
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