To know the exact reason, study these articles >>>> https://www.marketslant.com/article/goldman-sachs-says-gold-better-bitcoin
https://www.bloomberg.com/news/articles/2017-10-17/goldman-says-gold-beats-bitcoin-as-bank-weighs-fear-and-wealth
https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/gold-better-than-bitcoin/
https://www.forbes.com/sites/simonconstable/2017/09/05/twelve-reasons-why-gold-is-better-than-bitcoin/#5fee9bd02c3c
Topic: Why people says gold is better? - page 35. (Read 11686 times)
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.
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 want something more tangible than bitcoins. With gold, they can literally swap it out instantly for money anytime since there is always a demand for gold just like bitcoins. Of course, there are more people way more interested in gold compared to bitcoins.
because of the fact that golds value is high and is increasing constanly fast It is a tangible and physical asset which can be which gives security to investors. It can be considered as a long term investment.
Here even in my friend circle people always trying to say me indirectly that bitcoin is a way of scam and it cannot be more better than gold bitcoin and gold have their own advantages and disadvantages, both of which complement each other.
The main reason why its value doesn't fluctuate to greater heights compared with other investment commodities such as Bitcoin.Gold is a good asset to have but bitcoin is still a whole lot better in comparison.
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.
gold is only used for a piece of jewelry rather than as an asset. so far the bitcoin as the safest asset although it does not have a physical compared to the gold that has a physica.Gold dos not deppreciate and you can see and hold t and it gives assurances that crypto cannot
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?
I think that in fact gold is not better, but it's just a little different. Well, the tradition is very strong, gold has been used for many centuries. Whenever possible, bitcoin will become real digital 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?
Bitcoin is way way better than gold. If you are going to compared the price of bitcoin a year ago, it's like 100 times better!
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.
Some other people cannot move on to reality that bitcoin is more usable than gold. They are being stocked in an old way that Gold is more better, because of lacked of knowledge about bitcoin. But bitcoin is just a too risky, it needs a strong knowledge about it, you must be wise enough to involve on it, and you will be successful.
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.
People says gold is better because gold is the oldest investment in the world, I'm sure that almost 100% of people in the world know the gold so that gold can be accepted anyone, anytime and anywhere, besides gold is a safe investment because it is physically shaped so no need to worry hit hack.
People who say gold is better than bitvoi. maybe the person does not like bitcoin or that person thinks gold is more valuable than bitcoin because gold is well known in the real world while bitcoin is only known as an object that can only be used in the presence of internet network, if gold can be used anywhere, but if orwng who think so maybe the person does not know the importance of bitcoin in our lives.
Bitcoin is in Limited number on the internet, but gold is one of the rare element on the earth. Both are the different concept of gold has a high price because it is rare on the earth but Bitcoin has a higher price because it has Haier market supply and demand. Bitcoin can be used I never because people can accept some portion of Bitcoin instead of taking the complete coin but that would be very hard with gold you can adjust text 10% of a gold very easily.
People consider Gold a better option probably because its safer and there is less risk involved while handling it. its a constant store of value and rarely does its prices fluctuate coz of the markets nature
Gold is not money at the 1 sense of begin , only good , because its are precious metals, rare, corroding resistance, highschool temperature resistant (a true Au fright not the fire early Monday), hard, partition , gave birth to sweetener , are more likely to service as a value scale, medium of exchange, and store of value, is used by area to as a readiness of all roads tether to Rome. This is the result of a natural pick of food market .
The spending is not the real issue here. If you walk into any shop now and you offer people Gold as a payment option, then they will not accept that. < They do not have the knowledge or equipment to test it or to weigh it and to figure out what it is worth > Yes some Pawn shops might exchange it for cash, but they are the exception.
Bitcoin is also not the most ideal "payment" option, because there is still some scaling problems and not all merchants know about Bitcoin yet and their systems might not be ready to process it.
I agree with you there, it's hard to check if the gold you pay is real or fake in order to prove you would need a gadget to test the gold so it means that it will cost you more for the gadget and their profit target will be harder to achieve. They said gold is better because no one can scam your gold when you keep it yourself. Later on if gold would increase it's price when you sell it then you'll earn more money. Bitcoin is also not the most ideal "payment" option, because there is still some scaling problems and not all merchants know about Bitcoin yet and their systems might not be ready to process it.
Gold has been valuable for centuries. It is physical matter with a natural scarcity by its own. In my opinion gold isn´t better per se but it is more common in acceptance and is more trusted.
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