Why people says gold is better? - page 39.

AVAMONEY

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Quote from: athiftammam2018 on March 01, 2018, 09:47:21 AM

There is a reason why gold is better than bitcoin. the gold price tends to be more stable, while the bitcoin price is fluctuating. So investing with bitcoin is high risk when compared to gold, but if bitcoin prices are rising then it will produce enormous results but one day can go down drastically too. And one more gold can be used for long-term investment although any change in price is not too significant.

You just compared by now, what do you say when you buying 1000 BTC in 2010 and 1000 gold in 2010, and now 7 years later BTC price has been increasing much multiple times, how much gold increasing price?
This is how people interesting to invest on it. You can see on some trading market else Crypto, such as Forex, stock trading, etc. they have same fluctuating price condition, it is become common thing. You need strategy to making decision when to buy and sell.

athiftammam2018

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There is a reason why gold is better than bitcoin. the gold price tends to be more stable, while the bitcoin price is fluctuating. So investing with bitcoin is high risk when compared to gold, but if bitcoin prices are rising then it will produce enormous results but one day can go down drastically too. And one more gold can be used for long-term investment although any change in price is not too significant.

denzkilim

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Quote from: shesheboy on March 01, 2018, 04:40:47 AM

Quote from: jrrsparkles on March 01, 2018, 03:52:25 AM

Quote from: jundy020 on March 01, 2018, 03:28:37 AM

Yes gold is better because it is not dropping due to its limited resources available once there are no more gold to mine, the value will blow up unlike here in bitcoin, we will see an eventually dropping of price and unstable value of coins

Gold is better because of its stable value over the years but bitcoin is too volatile and cannot be used as storage of value like gold.

But the gold has value due to limited supply no one know how much of bitcoin under the land the mined gold is very small so the supply is less which causes the high demandf or that product.

no, gold is not limited because it can always be mined under the earth's soil , while bitcoin is limited because there are only 21 millions of it. bitcoin can also be used as a storage of value or can store value because it is a curency and a currency has a value in order to be used in buying or selling. they say gold is better because they dont know or they dont believe in bitcoin , other reasons is that gold is stable and has a physical form while bitcoin dont.

Yeah you can mine gold under the earth's soil but it is not unlimited and do you think that earth can have an unlimited supply of gold? Even the water that we drink have a limited supply and if you compare and see the difference between water and gold, water is the dominant element in the world but yet it has limited supply.

Every person has a different point of view when it comes to discussions like this, Some people will value gold more than anything else and some people will value their digital assets more than anything else but there is nothing to argue because both of this things are valuable and profitable. Cool

baxxx

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Gold is stable as an investment, and is necessary as a asset in many industries.
Modern World woudn't work without gold because its used in computers,phones,in all modern technology.

Without bitcoin we could survive

Sir Paijoe

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Quote from: kobop on March 01, 2018, 09:14:08 AM

Gold is a valuable metal, you can trade gold in every country and gold can be make into jewellery and other things, gold has been existed for a very long time and atill consider as one of the valuable things by all people, this indicates that gold is very suitable for a long term and there are not many fluctuations in gold, the rising is very stable

Gold has been used millions of years ago, gold is the oldest traditional investment that will continue to survive because 100% of people in the world receive bitcoin, even when there is economic recession to big war then people only believe in gold, not others.

kobop

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Gold is a valuable metal, you can trade gold in every country and gold can be make into jewellery and other things, gold has been existed for a very long time and atill consider as one of the valuable things by all people, this indicates that gold is very suitable for a long term and there are not many fluctuations in gold, the rising is very stable

bts378

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Because store acceptance isn't the only factor that's put into consideration. If we're talking about being better as a currency, then Bitcoin is better, because gold can't really be considered as such. Bitcoin, on the other hand, is a currency that functions very much like a digital version of gold.

Gold can be considered better if taken a look at for its stability. Gold has been around since pretty much the first civilizations, and it has always been valuable. It also has inherent value as it can be used for accessories, jewelry, and even electronics.

My personal opinion is that they shouldn't be compared, but people always find ways to say something is better over the other.

bakulsandal21

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The most probable reason i can think of about why people say gold is still better compared to bitcoin is the fact that gold has form. It's physical, tangible and precious that has been around for the past several years. Bitcoin on the other hand is still quite new and i bet if you asked any random stranger on the street a about bitcoin, i can say that not many will be able to know about bitcoin(as what i have experienced). Try to see both like this: Think of a doomsday/apocalypse like scenario. Since gold is physical, it will still be there whereas bitcoin being digital, will disappear with technology.

crafted

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People says gold is better because gold is a very old asset. From the past to the present, it maintains a rising price trend. Its price stable. Everyone in the world knows about gold. Gold is legal in all countries. Its risk is relatively low. And Bitcoin has been a few years old. Its price is fast moving & not stable . All people in the world do not know about the bitcoin . It is not legal in all countries. Its risk is more than gold. May be these reason people says gold is better.

zitao

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I do not know why they say gold is better than bitcoin, while bitcoin transactions are spreading in their midst.
My speculation, maybe they do not know bitcoin or do not know how to use bitcoin, when in fact they admit that bitcoin is better than gold.

gordeevaverona

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Better is worse. How can this be compared? Gold is not a currency and can be compared with bitcoin in the same way that it is also mined. But the price of gold does not fluctuate as sharply as bitcoin.

boboi

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Gold has been the standard currency since the beginning of time. Paper money and shares of stock would be rendered useless in times of war. In ELE or Extinction Level Events, even bitcoin would be useless. Have you seen Doomsday Preppers? Gold is the standard.

anahawjeff21

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Because gold's value is stable not like bitcoin up and down, and you can hold and store the gold physically, and due to hard to find a gold and limited supply, its value will increase definitely.

bitcoin31

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If we talking about the safety I think , I think the reason why other people said that the gold is better than bitcoin.
But we are talking about the profit the possible you get bitcoin is better because the price easily to increase but they have possibility to decrease more the price and that's ricky. While gold is safe because the price increasing slowly but it takes few years or decades before you can get your capital.

genset88

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Quote from: akram143 on November 20, 2017, 12:04:59 AM

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?

With the current situation, 70% of people think that gold is a better place to invest because gold does not belong to the digital world, with Bitcoin saying that many of these virtual currencies have a high risk of evaporating. At any time and it brings more risk than gold.

Dapper

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Quote from: akram143 on November 20, 2017, 12:04:59 AM

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.

futuristic18

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Quote from: akram143 on November 20, 2017, 12:04:59 AM

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?

Reason - Gold is a standard since long. Everywhere in the world people know about gold, in few country people judge any individual's worth through the gold he/she have.

Bitcoin is relatively new, though gaining popularity rapidly and many countries have accepted it as legal tender. Still, only 30-40% population is aware about its usage and technology. And, I feel this is the main reason people say Gold is better.

appleyard

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Yes i think that gold is better than bitcoin gold has different value around the world you can use it and hide it on the safe by your self without the help of others because its tangible, in the otherside bitcoin is intangible and there are so many disadvantages like you cant use bitcoin without the help of platforms or website and the important here is you cant use bitcoin without internet.

Dapper

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It's not a contest. I hold both, for different reasons. That said, if you're betting on burying (in your safety deposit box, not in the ground) 25 kg of gold vs. an equal number of bitcoins, which at present would be around 100 btc, in 20 years, you can be nearly 100% certain that you will still have an equal to or greater value of gold: the only risks are essentially people finding new large gold deposits or your bank being robbed: which nowadays, if they did, the last thing they try to take is hundreds of heavy gold bars. For btc, you might have billions of dollars, millions of dollars, of just a piece of paper or flash drive with your backup keys on it with a value of $0.

Theyasirahmad

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because they dont understand or try to understand the technology behind the bitcoin, due to lack of knowledge they think that bitcoins are risky thats why they rate gold as better option

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