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Topic: Why people says gold is better? - page 46. (Read 11686 times)

member
Activity: 94
Merit: 10
February 16, 2018, 08:02:12 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?
People say that gold is better. Because gold has been valued for thousands of years. Gold can be held in hands, hidden, carried. There is no such confidence in crypto coins from the recent time of their creation. There are many people who have never heard the word crypto coin.
member
Activity: 208
Merit: 10
February 16, 2018, 07:52:39 AM
maybe the person's thoughts other than gold can be used for investment, gold can also to decorate and to show off wealth, in other words everyone knows that someone is rich because he wore gold as jewelry, while bitcoin is intangible and can not be on display to everyone , I guess that way.
hero member
Activity: 2590
Merit: 644
February 16, 2018, 05:47:39 AM
I think people cannot understand the idea of crypto in general, and difference between bitcoin and gold, these two are different types of assets, and both of them have there own benefits.
The cryptocurrencies are indeed different from the gold because they have a very advanced technology that gold doesn't have and that is why there is no reason for the people to just judge the goodness of the cryptocurrencies because cryptocurrencies can make them rich in just a short period of time while gold needs a lot of time before you get rich.
sr. member
Activity: 630
Merit: 253
February 16, 2018, 05:44:31 AM
I think people cannot understand the idea of crypto in general, and difference between bitcoin and gold, these two are different types of assets, and both of them have there own benefits.
newbie
Activity: 30
Merit: 0
February 16, 2018, 05:40:42 AM
Because in the minds of people there was a realization that gold is unshakable, that it is the only guarantor of the currency.
member
Activity: 210
Merit: 10
February 16, 2018, 03:46:45 AM
Because they still don't know what bitcoin it is. Gold is knowing before bitcoin and because they can feel it and see that gold. Gold have powered than bitcoin but soon will be changed, bitcoin will replace the gold. Bitcoin can be use in a long term too.
member
Activity: 238
Merit: 57
February 16, 2018, 02:54:43 AM
Mostly people are saying gold is better then bitcoin and yes that is right the reason is that Gold is the most strongest assets of all countries.  Those countries who have large amount of gold then they are very strong financially while gold is the most favorite things and people like to wear it on special functions it is not used only for trading. While Gold is very ancient assets and legal through out the whole world while bitcoin is still new in market as compare to gold and are not still legal in any country.
member
Activity: 266
Merit: 32
February 16, 2018, 02:42:27 AM
Plunging US dollar boosts gold’s safe-haven demand

Gold prices have edged up on the back of a tumbling US dollar which, according to analysts, has set the stage for a new bull market for the precious metal. Experts project higher gold prices in the near-term.
The yellow metal was trading at $1,354.65 an ounce as of 10:20 GMT on Thursday, after enjoying its best trading day on Wednesday since June 24, 2016.

"Higher US inflation combined with the US dollar exhibiting zero correlation to higher interest rates amidst burdening duel deficits (trade and budget) should play out favorably for gold markets,” the head of trading APAC at foreign exchange OANDA, Stephen Innes, told Reuters.

The US dollar hit a 15-month low on Thursday, trading at 106.30 yen. The dollar index, a measure of the greenback against a basket of six major currencies, fell 0.5 percent to 88.66.

“I think we could see significant US dollar weakness through the first half of the year,” Bill Baruch, president of Blue Line Futures, told the Street. “The real move in gold is yet to come. I think we could see prices above $1,400 an ounce later this year.”

https://www.rt.com/business
full member
Activity: 434
Merit: 100
February 15, 2018, 10:17:58 AM
I think the reason behind why many people say gold is better than bitcoin is because of the power it possessed.
The gold is the only currency that will consider by the whole world once the money of the state becomes obsolete or out of value, gold has many uses in our world so I think that is the edge of gold.
newbie
Activity: 48
Merit: 0
February 14, 2018, 12:23:49 PM
Gold is commonly considered to be a reputable long-term asset and a proved with time store of value. I recently found an article at coindesk about it,
worth reading - https://www.coindesk.com/bitcoin-gold-better-long-term-bet/
Though Bitcoin has a huge potential and will gain even more value soonest, in my opinion, it is not associated with something stable and, thus, reliable in the long run. It depends on many tech factors as well as on any protective / totalitarian government regulations.
As for me, Bitcoin as the first real cryptocurrency is great but it is still far behind in reputation, popularity and acceptance than gold Undecided
full member
Activity: 293
Merit: 100
February 13, 2018, 06:09:25 PM
perhaps what they think of is a stable gold price compared to a bitcoin that can not be controlled by anything.
Yes, they always think of a stable price of gold. Because gold is much more stable than bitcoin. But if we will compare golds price and bitcoins price, I think much of this is bitcoin because we cannot control bitcoins price. I guess they think that gold is better because they dont know bitcoin already.
newbie
Activity: 22
Merit: 0
February 13, 2018, 05:37:02 PM
Gold has a very important things of usage as money in more countries. Bitcoin would be more better than gold. Some people say bitcoin is better because investment point of views bitcoin is a very valuable.
hero member
Activity: 1008
Merit: 501
February 13, 2018, 01:58:58 PM
People like to use gold because it is more stable right now than bitcoin is. Soon the roles it will be changed, bitcoin will replace gold
jr. member
Activity: 135
Merit: 1
February 13, 2018, 01:48:18 PM
There was a a time in this earth when there was no money (currency). People used to trade with the products they have. Gold was probably the first currency. Gold is still valuable but not a currency. I think we should not compare a material with a currency. Even if we do, I would agree that gold is better than BTC. At least for the time being. Because the price or value of the gold is stable but the Bitcoin's value isn't.
member
Activity: 252
Merit: 11
February 13, 2018, 01:41:11 PM
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?
Indeed it was clear if freight main most glorious gold for all people with lives. Then gold was already very apparent goods categories entry price at the world not just in a particular country.
newbie
Activity: 54
Merit: 0
February 13, 2018, 01:36:29 PM
Gold is physical by nature unlike cryto/bitcoin is a digital currency with no physical counterpart. It easy for people to trust things they can see and hold. As the saying goes “to see is to believe”
newbie
Activity: 102
Merit: 0
February 13, 2018, 01:35:22 PM
Gold prices are kept down and suppressed. I don't think Bitcoin can be manipulated liket gold can and nobody wants to carry around a gold bar or two or coins.
full member
Activity: 125
Merit: 100
February 13, 2018, 01:27:17 PM
Why do people say that gold is better? , - Because many of them are not very versed in the blockchain and the crypto currency market. Although I would not compare gold and digital gold. These are absolutely different concepts and values, although they have the ability to turn into huge sums of money. For me, both gold and Bitcoin are roughly the same, although Bitcoin is in my priority

They think gold is more secure compared to cryptos including bitcoin and others. This is the main reasoning behind their arguments as far as I know.
newbie
Activity: 98
Merit: 0
February 13, 2018, 01:25:32 PM
I say its not better than any type or kind of investment like Bitcoin. Gold have its own characteristics, if you have fear about your Bitcoin wallet getting hacked by hackers, there are more chances that your physical Gold can be stolen, even if you put it inside a vault. however, Gold can be accepted by almost anyone compared to Bitcoin, if they are not aware of it, they will rather accept Gold over Bitcoin.
full member
Activity: 644
Merit: 101
Ecowatt.io
February 13, 2018, 12:57:49 PM
Why do people say that gold is better? , - Because many of them are not very versed in the blockchain and the crypto currency market. Although I would not compare gold and digital gold. These are absolutely different concepts and values, although they have the ability to turn into huge sums of money. For me, both gold and Bitcoin are roughly the same, although Bitcoin is in my priority
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