Topic: Why people says gold is better? - page 44. (Read 11686 times)
Honestly from decades people believe that gold is the precious than any other assets. That is continuing on peoples mind.but if you research the price chart of Gold and bitcoin on last 3 years you will find out your answer which one is 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?
Gold is not a currency but a product that is bought by a currency. Meanwhile bitcoin can also be used to buy gold but you cannot buy bitcoin using gold by itself. For those who believe that gold is better are traditional people and doesn’t know how to move forward. Although gold is the first currency, that period is now over and this era is the period of bitcoin.
Because if there is a time where all internet is shut down and all your bank accounts are sealed, I think only gold or cash can save you. Cash can also lose its value. But gold would never. So yeah, gold is better is some way.
Oh you see, many people do not want to change what they like. People who invest in gold say gold is better than crypto, but it's not objective, as most of them haven't even tried in crypto.
I think it is good to try a few investment fields - for your safety (assets diversification) and to increase your experience.
I think it is good to try a few investment fields - for your safety (assets diversification) and to increase your experience.
People still are bounded in traditional thoughts. I personally believe that Gold is Gold. Gold is valuable at its own status and level according to precious metal. But we cannot compare it with bitcoin as an asset.
World is now in starting phase of decentralized technology's adoption, but in coming future everything will be changed.
People were much into traditional thoughts, another thing is that gold gives user the trust compared to bitcoin. As the decentralized functioning is gaining more importance, slowly people will start investing into bitcoin. Right now people have the fear as bitcoin doesn't have any backing other than the blockchain tech. World is now in starting phase of decentralized technology's adoption, but in coming future everything will be changed.
Probably because they think that gold has a tangible form and a more stable price, while bitcoin is digital and the price is so volatile that bitcoin investments have a very high risk, even when a spike in bitcoin will become a dangerous price bubble.
If a person chooses gold means they are just looking for a safe investment and are not willing to take risks, but if someone chooses bitcoin, then they have the courage and hope to become rich in the future.
If a person chooses gold means they are just looking for a safe investment and are not willing to take risks, but if someone chooses bitcoin, then they have the courage and hope to become rich in the future.
People still are bounded in traditional thoughts. I personally believe that Gold is Gold. Gold is valuable at its own status and level according to precious metal. But we cannot compare it with bitcoin as an asset.
World is now in starting phase of decentralized technology's adoption, but in coming future everything will be changed.
World is now in starting phase of decentralized technology's adoption, but in coming future everything will be changed.
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 has been a trusted investment option for years and thus people like it. It is hard to change the thinking in such a short time even if we compare it with bitcoins which have given better returns. 
I think the most important reason is that gold is the first currency. also gold has been around for centuries and will continue to be. gold exists physically and tangibly. It is independent of technology. that is, gold gives confidence to people. but the technology is revolutionary. 
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 better than bitcoin because gold is always valuable and all countries accepted it and everywhere exchangable but bitcoin is not accepted by all countries rather than exchange.
The main and true thing about gold: price is not changing freaquently and this making people feel themsleve calm. Bitocoin making your heart working faster
Maybe the reason why other people says gold is better because gold is not volatile. The value of it doesn't decrease but always increases.
Gold can sell it to anybody but bitcoin does not. You cannot sell it immediately to other person especially if they not aware in cryptocurrency.
Gold can sell it to anybody but bitcoin does not. You cannot sell it immediately to other person especially if they not aware in cryptocurrency.
because gold has existed in antiquity until now gold became the tradition and the source of the wealth of everyone, because bitcoin newcomers they have not aware of it actually bitcoin is a very high value currency, may need a process of introducing bitcoin, but I am very sure people will later switch to bitcoin because bitcoin is a very good investment and one of the very safe investments.
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?
Based on your narration you say bitcoin is accepted in different institutions while gold is not simply because bitcon is a currency and gold is an asset. A store of value. No matter how mch bitcoin value would grow, there are still people who will invest and hold gold. Not to mention India, Nepal, Sri Lanka and other countries that value gold as an asset and passing them from generation to generation to their heirs as heritage. Because gold has been proven strong And stable.
People are used to gold for many centuries and it is very difficult to switch to something completely new. But over time, humanity will realize that gold is obsolete and it is necessary to open new technologies and bitcoin will become the head of the world.
Gold is used as the foundation for many currencies(USD to name one) and has also achieved an essentially stable value that is mostly predictable due to it having clear uses. Bitcoin's price is vlatile due to supply/demand and availability/functionality both of which are constantly changing that's why gold is "better"
Because they are stupid and don't understand that gold is tool old and future is in the technologies.
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 of its rarity and preciousness, you cannot simply use gold to purchase. Gold has been a standard of value for many years.
Gold can be use to purchase, but not in a "normal" way.
On the other hand, Bitcoin was created as a currency, for purchasing, as a payment. The technology gives comfort to us in trading etc.
Gold is always better than bitcoin because bitcoin has it's limits. You need electricity, internet and devices for you to use and or store it.
Gold is physical and it's very rare, that's how people find it attractive against bitcoin and other coins.
Unlike bitcoin, gold can be held in the hands, touch, it is material, and accordingly to it more trust. But bitcoin is just numbers on the screen.
Maybe the reason people consider gold is better than the other is because gold is already known from the ancestors of all of us,and the price is quite expensive,and gold is very much demand as possible by because that's what makes people think that gold is better.And Gold has been the currency standard since the beginning of the first people to know of paper money,and can be used at any time.While paper Money and stock or currency krypto circulating recently b would be not useful at the time of world war.
Jump to: