Why people says gold is better? - page 59.

First77

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Quote from: justine11 on February 01, 2018, 11:40:16 PM

Pure FUD they don't really ban bitcoin or cryptocurrency nor issued a statement about banning cryptocurrency in India at all in fact the minister of finance in India said this on his statement:

announced an upcoming ban.

"Bitcoin Ban" after few days or months

justine11

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Quote from: First77 on February 01, 2018, 02:30:07 PM

Quote from: hebistix on January 31, 2018, 10:38:37 PM

By holding gold people won't get rich. They can be assured they won't go poor either but gold is for a kind of people which will not by any mean like/transact cryptocurrencies. Are two completely different worlds and shouldn't be compared

The Indian Finance Ministry on Thursday made bitcoin illegal and announced an upcoming ban.

“The government does not consider cryptocurrencies as legal tender or coin and (will) take all measures to eliminate the use of crypto assets,” Finance Minister Arun Jaitley said.

https://www.rt.com/business

Pure FUD they don't really ban bitcoin or cryptocurrency nor issued a statement about banning cryptocurrency in India at all in fact the minister of finance in India said this on his statement:

Quote

The government does not consider cryptocurrencies legal tender or coin, and will take all measures to curb the use of these crypto-assets in financing illegitimate activities or any part of payment systems

It means they will take all measures to stop the use of cryptocurrencies to finance illegal activities such as, drugs, money laundering, prostitution and terrorism and in the end of the statement the minister of finance said theat they encourage blockchain technology as a new way of traditional payment system.
FUDsters like you, trying to defame bitcoin should leave this forum or be banned for spamming. And thank you for trying to defame bitcoin..

Perseusallen

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people tend to say that gold is better cause they believe in saying that "to see is too believe" they want a tangible money rather than not tangible which cryptocurrency the best example of this is bitcoin and gold. many says that its more better to pic gold rather bitcoin cause bitcoin was not tangible. and when you touch or hold this gold you can protect it by others so it would not steal easily from you. unlike bitcoin it can hack by others.

GDragon

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People say that gold is better because It has potential that will increase value or remain the value. It is suitable to those people who don't like some risk. Unlike to btc , it is so volatile and risky. Hard to manage and there's no assurance if you make money at a certain time.

chekura28

newbie

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Maybe they say gold is better because all nations already sees gold as something valuable and the price does not decrease and not volatile. Like it is a safe investment. But i still believe bitcoin and other cryptos are better and more profitable investment as long as you know the right formula on when to buy or sell...

leviathon

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Bitcoin would never replace gold.

Unlike cryptos, gold doesn't require electricity to trade. This makes it especially useful in situations such as hurricane-ravished Puerto Rico, where 95 percent of people are reportedly still without power. Right now the island's economy is cash-only. If you have gold jewelry or coins, they can be converted into cash-all without electricity or WiFi.

sailordgold

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Quote from: akram143 on November 20, 2017, 01:04:59 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?

I think people who say gold is better they see from the risks faced with gold investment, because it must be recognized bitcoin when we invest there is a big risk of loss even though the other side contains a big advantage also different from gold does not contain the risk of big losses although the benefits can not be large. if we want a big profit definitely bitcoin the place but it is all a choice and everyone has a choice with their own reasons.

roxbit

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Quote from: danie161 on February 01, 2018, 10:28:37 PM

We can compare the bitcoin vs gold, to me it’s two totally different things. Different ways of used, benefits, advantages and disadvantages. But this two are certainly have a good impact to everyone, defend on how there going to use it for their own benefits.Its distribution and circulation are realized through the open source p2p algorithm. Anonymity, tax exemption, exemption from supervision. Robustness. Borderless, cross-border. It's hard for a copycat to survive

People say that gold is better than bitcoin because compare to bitcoin gold has a stable price and we all know that is precious metal is known in all countries and its value continuously going up. Bitcoin in the other hand is volatile and is not very preferable by many. But both are good investments.

Harvey1960

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Well, actually bitcoin and gold are 2 thing have very big different eachother.The gold is popular than btc thatswhy they chose Gold.Gold is precious metal and ornament Bitcoin is cryptocurrency so don't confuse yourself. Bitcoin can be used as investment giving good multifold returns where you hold your investment in gold it wont appreciate like bitcoin returns.

Matthew1968

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why they says gold is better then bitcoin i don't know.but i think bitcoin not exiest like gold that's why they don't belive on bitcoin.Gold is not directly accepted as payment but many people stiil consider it better than Bitcoin because it is a traditional and most trusted type of investment asset used by people since years .It is safer than Bitcoin because it is not volatile as Bitcoin and very less fluctuations are there in it's price so very less chances are there to loose our money.

yuyuchain

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The existence of gold longer than bitcoin, and the value of gold in the world are recognized, although in some areas have approved bitcoin, and support for bitcoin payments, but there are still many countries to prohibit bitcoin transactions, so gold is always better than Bitcoin is valuable.

lyndon30

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People says that gold is better because the value of gold has been stable over time and we cannot erase that fact, Unlike bitcoin, Bitcoin is more expensive than gold, But for me I think bitcoin is better than gold because of safety transaction and easy transaction.

Jaxon1234

newbie

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Well, that is simply because gold has been here for the longest time than any other currencies out there. It can always be used wherever and whenever whatever happens. That is the advantage of gold. Which is why a lot of people choose it than bitcoins.It didn't function well as an investment (which also depends on the timeframe of course), and it didn't function well as store of value. Bitcoin has far more to offer than gold will in the coming years, which will likely make people holding gold convert a decent chunk to Bitcoin.

Luca.Luca

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people who say gold is better than bitcoin because gold is real and not a number like bitcoin that has no shape.they assume that gold has a physical shape and can be used as jewelry such as rings or bracelets. but they do not think that bitcoin can buy jewelry made from gold. While Bitcoin is form because of perception that its has value and may will buy for it even if it is a crypto currency just a virtual coins, because it is a crypto currency it is easy to transfer and to send to any body because it is versatile that is why many people adopt on it more than gold.

danie161

newbie

Activity: 82

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We can compare the bitcoin vs gold, to me it’s two totally different things. Different ways of used, benefits, advantages and disadvantages. But this two are certainly have a good impact to everyone, defend on how there going to use it for their own benefits.Its distribution and circulation are realized through the open source p2p algorithm. Anonymity, tax exemption, exemption from supervision. Robustness. Borderless, cross-border. It's hard for a copycat to survive

jacob161

newbie

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Gold is prefered by many because we can spend our gold anywhere where you want. It is accepted by every country. It has a good market value. But if you see on another side then you may see that BITCOIN is now king of digital marketing. If you have girlfriend of course you will give her a jewelry rather than btc. So i think gold is better than btc for to make someone happy

teoco162

newbie

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I think why other people saying that gold is better because of its rarity too hard to have it or get it and theres a lot you can do in gold like jewelries that all rich peole always wearing to show how their life is already at the top and for them it is better to have a gold because this is also showing their wealth.If a world war broke out, Bitcoin will be considered useless as it uses the internet to function but Gold is physically touchable so it would be use in a situation like this.

Walrus1

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Quote from: BurhanPSG on February 01, 2018, 10:03:44 PM

Maybe if using gold, can not be used for the means of payment and transact online like bank or other debit card. Because gold is already there physical form while bitcoin is a virtual money that its purpose is to transact.

gold is traded online everyday. Tons stay in place but ownership is traded.

teoco161

newbie

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Maybe, people are saying that Gold is better than Bitvoin because it has a more stable market value which lessen the risk on investing into it and that's a huge factor on an investment. Like others, it is a commodity. Bitcoin is said to be better because of its features, accessible, handy, and profitable in a shorter time frame. But with gold it is surely the safest investment you can have out there.

yohaneshs

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Quote from: akram143 on November 20, 2017, 01:04:59 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?

For some reason gold better than bitcoin because it's a safe haven currency with "Yen" japan currency so favored by some traders.
But we know bitcoin should be the future prospect for some investor in this time. Bitcoin and Cryptocurrency has a good trend in the last year. so we must still monitoring trend in the market.

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