Topic: Why people says gold is better? - page 41. (Read 11717 times)
because the gold value is very stable, unlike the bitcoin whose value is always changing every time.
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.
For me, it's because gold is known worldwild. All people know gold and it is higher value in our market. Bitcoin is a digital currency, not all people have knowledge on bitcoin. Bitcoin have higher value in terms of market but not all people know it.
Because gold is been here for so long, has a physical appearance and people are aware that if you put your asset in gold the value of it increase as time passes and its good as long term investment.
Gold is very stable in terms of volatility. Gold has the indisputable track record. Gold is an element and very low risk. Bitcoin is virtual cryptocurrency. Gold is easily acceptable world-wide and we do not need Internet to sell the gold. Gold has many pro as compare to btc thats why gold is better because of stability of price less volatile.
Because the gold is on to you, if you need money immediately can first sell it immediately or pawnshop. Because the gold while take up the value of it to the market and it depends on the rise and decline of the dollar price of gold. Gold is not outdated but it's peddled shine over time. Because gold is visible and there faces it.
+ (Increase in value in times of crisis and inflation)
During a critical situation in the economy, when there is a big risk of losing your savings money, people massively buy gold and Bitcoin, and this reflects in the price. An example of this situation is events in Greece and Cyprus .
+ (Operation outside the banking system)
The government has no direct influence on Bitcoin, ie it can not "print" Bitcoin more in case of deficiency or withdraw it from people's accounts. The same goes for gold.
During a critical situation in the economy, when there is a big risk of losing your savings money, people massively buy gold and Bitcoin, and this reflects in the price. An example of this situation is events in Greece and Cyprus .
+ (Operation outside the banking system)
The government has no direct influence on Bitcoin, ie it can not "print" Bitcoin more in case of deficiency or withdraw it from people's accounts. The same goes for gold.
I disagree about this because in the event in greece and cyprus only affect gold and not bitcoin. Greece financial crisis started in 2010 and by that time bitcoin isn't as popular as now, gold is a safe heaven investment against inflation and that has been going on for decades and it is being used since before christ.
The government has yet to influence bitcoin but since they are beginning to apply tax law for miners, i don't think they can still be considered on the sideline and in case you wonder how government can keep printing paper money, it was based on gold reserve of a country hold, so yes government has direct influence to gold as they also connected to currency market and you can search about countries dumping their gold reserve or even stocked it in the news.
Bitcoin can considered as a good investment but not a safe heaven investment, as volatility of bitcoin make it a dangerous investment not a safe heaven investment. Gold has been proven as safe assets everytime market collapsed because although gold price dropped it can still maintain its value, while bitcoin can be considered a long term investment but there is no guarantee that the price will be dropped more than 50% -70% in a day.
Gold is still better than bitcoin. Because if bitcoin is the father of all cryptocurrency. And Gold is the father of Real money.
Because Gold for sure would appreciate in price in future for the reason that supply is continuously diminishing while demand retain because gold is use by many industries and individual.
Gold is just an investment and we can't use it as means of payment like bitcoin. We can use gold if there is an emergency by selling your gold bitcoin is very flexible because you can use it to buy online and you can use it as a source of income.
I think everyone has their own opinion. Many people think gold is better because if we accumulate a lot will give us profit over time. Now, buying gold for reserve is probably safer than bitcoin because the value of bitcoin is unstable. Conversely, if we choose bitcoin to invest by buying and selling for profit, perhaps bitcoin will give us more profit than gold.
They believe gold because gold is real. It means they can see the profit with their bare eyes. Gold is different with bitcoin in this kind of type. Because bitcoin is one of crypto kind so we can not see it directly after doing task or assignment or trading.
Gold is kind of outdated. It is time for the new technology to rise up. Also bitcoin has much better transfer ability and divisibility compared with gold.
Gold is a tangible asset where as Bitcoin doesn't have any physical state.
Gold values is very much stable as compare to Bitcoin. Even gold is accepted all over the world but there are some countries where bitcoin is illegal. ( E.g, China) but there are some good things in bitcoin's also like earlier all those who invested in Bitcoin when its value was very less are now have earned upto 100 times.
Gold values is very much stable as compare to Bitcoin. Even gold is accepted all over the world but there are some countries where bitcoin is illegal. ( E.g, China) but there are some good things in bitcoin's also like earlier all those who invested in Bitcoin when its value was very less are now have earned upto 100 times.
I also still do not understand why they can say gold betbecause many people already assess the advantages of cryptocurrency, referring
because many people already assess the advantages of cryptocurrency, referring to BitCoin as digital gold. Indeed, Bitcoin and gold have many similarities:
+ (Scarcity).
It is necessary to make some effort to get gold or bitcoin. so gold is mined in mining, and Bitcoin - with the help of complex computer calculations.
+ (Universality).
Both valuable assets have value, which is common in all countries. there is no need to convert Bitcoin into local currency in each country as well as gold, which has a notable value.
+ (Increase in value in times of crisis and inflation)
During a critical situation in the economy, when there is a big risk of losing your savings money, people massively buy gold and Bitcoin, and this reflects in the price. An example of this situation is events in Greece and Cyprus .
+ (Operation outside the banking system)
The government has no direct influence on Bitcoin, ie it can not "print" Bitcoin more in case of deficiency or withdraw it from people's accounts. The same goes for gold.
however Bitcoin is an advanced form of gold, as evidenced by a number of advantages:
+ (Excluding the possibility of forgery)
Gold can still be faked somehow. Or the quantity can be reduced in the finished product, which greatly reduces the final cost. periodically there is news about the fake ingot Bank. Bitcoins can not get involved in anything like this.
+ (No need to bring it)
When you move to another country you do not have to think about how to carry Bitcoin safely. this is enough to transfer them to your BTC online wallet to have access to anywhere. At the same time bringing gold is a real problem especially if you have a lot. You will face restrictions on the amount of gold permitted to carry. in addition, there is a high risk of theft. Or you can make insurance for gold, which requires additional cost.
+ (Used as a means of payment)
While there are currently not many services that can be paid with Bitcoin, every year that number is increasing. but it's unlikely you can pay for items with gold somewhere.
+ (No risk of foreclosure) It will be seen that it is impossible to confiscate the personal gold of the entire population of that country. However, in 1933 the US government forced its citizens to hand over the gold stored in their homes. in case of embezzlement have to pay a fine or they will be imprisoned. Certainly, people receive replacements in the amount of gold they submit. But soon after that the devaluation of the US dollar followed, which was hardly a coincidence, and the entire population of the United States suffered losses. but this scenario is not possible with Bitcoin.
+ (Convenience and security) Wherever you are, you always have access to your savings over the Internet or mobile. Unfortunately not like gold. In any emergency case this advantage is particularly noticeable.
thus, we can say with certainty that Bitcoin is a sophisticated functional form of gold. Investing in Bitcoin You have a guarantee that your savings will not be lost due to devaluation, you can be sure that the government can not gain access to your personal account
thank you for the info and explanation that you gave above. now I became convinced that the value of bitcoin can not be replaced with gold or so forth .because many people already assess the advantages of cryptocurrency, referring to BitCoin as digital gold. Indeed, Bitcoin and gold have many similarities:
+ (Scarcity).
It is necessary to make some effort to get gold or bitcoin. so gold is mined in mining, and Bitcoin - with the help of complex computer calculations.
+ (Universality).
Both valuable assets have value, which is common in all countries. there is no need to convert Bitcoin into local currency in each country as well as gold, which has a notable value.
+ (Increase in value in times of crisis and inflation)
During a critical situation in the economy, when there is a big risk of losing your savings money, people massively buy gold and Bitcoin, and this reflects in the price. An example of this situation is events in Greece and Cyprus .
+ (Operation outside the banking system)
The government has no direct influence on Bitcoin, ie it can not "print" Bitcoin more in case of deficiency or withdraw it from people's accounts. The same goes for gold.
however Bitcoin is an advanced form of gold, as evidenced by a number of advantages:
+ (Excluding the possibility of forgery)
Gold can still be faked somehow. Or the quantity can be reduced in the finished product, which greatly reduces the final cost. periodically there is news about the fake ingot Bank. Bitcoins can not get involved in anything like this.
+ (No need to bring it)
When you move to another country you do not have to think about how to carry Bitcoin safely. this is enough to transfer them to your BTC online wallet to have access to anywhere. At the same time bringing gold is a real problem especially if you have a lot. You will face restrictions on the amount of gold permitted to carry. in addition, there is a high risk of theft. Or you can make insurance for gold, which requires additional cost.
+ (Used as a means of payment)
While there are currently not many services that can be paid with Bitcoin, every year that number is increasing. but it's unlikely you can pay for items with gold somewhere.
+ (No risk of foreclosure) It will be seen that it is impossible to confiscate the personal gold of the entire population of that country. However, in 1933 the US government forced its citizens to hand over the gold stored in their homes. in case of embezzlement have to pay a fine or they will be imprisoned. Certainly, people receive replacements in the amount of gold they submit. But soon after that the devaluation of the US dollar followed, which was hardly a coincidence, and the entire population of the United States suffered losses. but this scenario is not possible with Bitcoin.
+ (Convenience and security) Wherever you are, you always have access to your savings over the Internet or mobile. Unfortunately not like gold. In any emergency case this advantage is particularly noticeable.
thus, we can say with certainty that Bitcoin is a sophisticated functional form of gold. Investing in Bitcoin You have a guarantee that your savings will not be lost due to devaluation, you can be sure that the government can not gain access to your personal account
the most important thing now for all of us to keep the spirit of investing in bitcoin. because bitcoin is a digital effort that can provide great opportunities and opportunities for us to become successful people (millionaires / millionaires)
Because people do not understand the benefits of bitcoin, the advantage of bitcoin is that it is completely decentralised and has no issuer, and it is impossible to manipulate the number of releases.
because gold is popular all over the countries. Higher value in the market. You can used it in form of jewelry.
because gold is the popular in the wholeworld and gold is using also people and another people did not know what is bitcoin so that in another people can put it her mine is gold is better than bitcoin
Because Gold has established a credible and visible platform, so people usually love to take it.
on the other hand, Bitcoin is not a visible currency so that people don't have any faith on this platform those have no idea about the virtual world.
on the other hand, Bitcoin is not a visible currency so that people don't have any faith on this platform those have no idea about the virtual world.
I also still do not understand why they can say gold betbecause many people already assess the advantages of cryptocurrency, referring
because many people already assess the advantages of cryptocurrency, referring to BitCoin as digital gold. Indeed, Bitcoin and gold have many similarities:
+ (Scarcity).
It is necessary to make some effort to get gold or bitcoin. so gold is mined in mining, and Bitcoin - with the help of complex computer calculations.
+ (Universality).
Both valuable assets have value, which is common in all countries. there is no need to convert Bitcoin into local currency in each country as well as gold, which has a notable value.
+ (Increase in value in times of crisis and inflation)
During a critical situation in the economy, when there is a big risk of losing your savings money, people massively buy gold and Bitcoin, and this reflects in the price. An example of this situation is events in Greece and Cyprus .
+ (Operation outside the banking system)
The government has no direct influence on Bitcoin, ie it can not "print" Bitcoin more in case of deficiency or withdraw it from people's accounts. The same goes for gold.
however Bitcoin is an advanced form of gold, as evidenced by a number of advantages:
+ (Excluding the possibility of forgery)
Gold can still be faked somehow. Or the quantity can be reduced in the finished product, which greatly reduces the final cost. periodically there is news about the fake ingot Bank. Bitcoins can not get involved in anything like this.
+ (No need to bring it)
When you move to another country you do not have to think about how to carry Bitcoin safely. this is enough to transfer them to your BTC online wallet to have access to anywhere. At the same time bringing gold is a real problem especially if you have a lot. You will face restrictions on the amount of gold permitted to carry. in addition, there is a high risk of theft. Or you can make insurance for gold, which requires additional cost.
+ (Used as a means of payment)
While there are currently not many services that can be paid with Bitcoin, every year that number is increasing. but it's unlikely you can pay for items with gold somewhere.
+ (No risk of foreclosure) It will be seen that it is impossible to confiscate the personal gold of the entire population of that country. However, in 1933 the US government forced its citizens to hand over the gold stored in their homes. in case of embezzlement have to pay a fine or they will be imprisoned. Certainly, people receive replacements in the amount of gold they submit. But soon after that the devaluation of the US dollar followed, which was hardly a coincidence, and the entire population of the United States suffered losses. but this scenario is not possible with Bitcoin.
+ (Convenience and security) Wherever you are, you always have access to your savings over the Internet or mobile. Unfortunately not like gold. In any emergency case this advantage is particularly noticeable.
thus, we can say with certainty that Bitcoin is a sophisticated functional form of gold. Investing in Bitcoin You have a guarantee that your savings will not be lost due to devaluation, you can be sure that the government can not gain access to your personal account
because many people already assess the advantages of cryptocurrency, referring to BitCoin as digital gold. Indeed, Bitcoin and gold have many similarities:
+ (Scarcity).
It is necessary to make some effort to get gold or bitcoin. so gold is mined in mining, and Bitcoin - with the help of complex computer calculations.
+ (Universality).
Both valuable assets have value, which is common in all countries. there is no need to convert Bitcoin into local currency in each country as well as gold, which has a notable value.
+ (Increase in value in times of crisis and inflation)
During a critical situation in the economy, when there is a big risk of losing your savings money, people massively buy gold and Bitcoin, and this reflects in the price. An example of this situation is events in Greece and Cyprus .
+ (Operation outside the banking system)
The government has no direct influence on Bitcoin, ie it can not "print" Bitcoin more in case of deficiency or withdraw it from people's accounts. The same goes for gold.
however Bitcoin is an advanced form of gold, as evidenced by a number of advantages:
+ (Excluding the possibility of forgery)
Gold can still be faked somehow. Or the quantity can be reduced in the finished product, which greatly reduces the final cost. periodically there is news about the fake ingot Bank. Bitcoins can not get involved in anything like this.
+ (No need to bring it)
When you move to another country you do not have to think about how to carry Bitcoin safely. this is enough to transfer them to your BTC online wallet to have access to anywhere. At the same time bringing gold is a real problem especially if you have a lot. You will face restrictions on the amount of gold permitted to carry. in addition, there is a high risk of theft. Or you can make insurance for gold, which requires additional cost.
+ (Used as a means of payment)
While there are currently not many services that can be paid with Bitcoin, every year that number is increasing. but it's unlikely you can pay for items with gold somewhere.
+ (No risk of foreclosure) It will be seen that it is impossible to confiscate the personal gold of the entire population of that country. However, in 1933 the US government forced its citizens to hand over the gold stored in their homes. in case of embezzlement have to pay a fine or they will be imprisoned. Certainly, people receive replacements in the amount of gold they submit. But soon after that the devaluation of the US dollar followed, which was hardly a coincidence, and the entire population of the United States suffered losses. but this scenario is not possible with Bitcoin.
+ (Convenience and security) Wherever you are, you always have access to your savings over the Internet or mobile. Unfortunately not like gold. In any emergency case this advantage is particularly noticeable.
thus, we can say with certainty that Bitcoin is a sophisticated functional form of gold. Investing in Bitcoin You have a guarantee that your savings will not be lost due to devaluation, you can be sure that the government can not gain access to your personal account
While both require expertise for correct long-term storage, gold wins because cryptocurrencies are vulnerable to hacking through online wallets or the user’s computer or smartphone, are subject to regulatory risk, and network and infrastructure risk during a crisis. And if we're talking about value, There’s a limited supply of gold and other precious metals in the Earth’s crust, whereas in the case of cryptocurrencies, it’s easy to create alternatives, meaning there’s effectively no control over supply at a macroeconomic level and no intrinsic value due to rarity.
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