Topic: Why people says gold is better? - page 6. (Read 11686 times)
Because Gold is widely regarded as a sound long-term investment and a hedge against market volatility. Bitcoin is a coded, crowdsourced currency that did not exist until 2009. Civilizations have traded Gold since roughly 600 B.C. and it continues to be used by dealers and investors with great enthusiasm today. Gold is also sure to never lose its intrinsic value as a Precious Metal with numerous practical applications. People who want to make a really reliable investment are choosing gold. Instead, people who want a quick profit choose crypto currency.
They say that gold is better since it is an asset that has been in the market for years and as an asset it is impossible (almost) to fall in value.
because currently gold have high demand right now than bitcoin, you can sell gold to pawn shops, gadget parts need gold and other things that need a high load of electricity, right now gold might be a much safer option to bitcoin because of bitcoins volatility people are much focus on the risk rather than the good features that bitcoin has yet to offer but when the demand for bitcoin begun to be available in all industries it would weight more than today but gold will not be easily be beaten because gold backed our fiat system and it existed for a lot of years than bitcoin.
Because they are old school. Also because gold's price is not volatile compare to bitcoin. Also gold because gold is physical, they can hold it compare to crypto currencies that is digital or virtual money. But my opinion is crypto currencies are much better than gold, in terms of investment.
People are just looking at the stability and security of gold. Many are taking into account the tangible physical nature of gold against bitcoin which is just a virtual currency that could be lost instantly.
Maybe gold is more stable and more usable than bitcoin. Gold can use as jewelries and any other things. Even if bitcoin is more higher in value I think gold is better.
It is partially a nostalgia that's dates back to the days fiat currency was backed with gold. People long for something physical to represent their monetary success, and it used to be symbolized by a shiney yellow precious metal called gold. Old habits die hard, gold brings back memories of the old days and comforts people in the sense they have something physical to represent their efforts. Bitcoin is the future.
People say gold is better because they can see, touch that gold unlike digital currency and maybe they don't know how to use and even sell it but for me bitcoin 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?
For now gold is better because it is very precious. As long as you have the money you can buy it. You can also see the actual gold. In bitcoin it is only virtual and people cannot easily invest and buy it becs. The transaction is online.
In my opinion, individuals will state gold is better since gold is the most celebrated and most standard money in a long stretch. I realize that gold is a metal and bitcoin is digital currency. Truly, you can't utilize gold to purchase something in the market, and some foundation acknowledges bitcoin as installment. Be that as it may, gold has a standard sum, and numerous individuals like speculators and friends progress toward becoming riches as a result of it.
Actually yes you can :
https://glintpay.com/
In my opinion, individuals will state gold is better since gold is the most celebrated and most standard money in a long stretch. I realize that gold is a metal and bitcoin is digital currency. Truly, you can't utilize gold to purchase something in the market, and some foundation acknowledges bitcoin as installment. Be that as it may, gold has a standard sum, and numerous individuals like speculators and friends progress toward becoming riches as a result of it.
The analog people draw between gold and Bitcoin centers around its scarcity. Gold historically has been scarce and valuable, and people expect that Bitcoin because it is mathematically programmed to be finite will also be scarce and therefore valuable. This seems to take a couple of things for granted. The first is utility, and the second is a lack of substitutes. If Bitcoin has not utility as a currency or store of value, then there is little reason to expect it to be valuable no matter how scarce it is. Toxic waste for example is scarce but not valuable because it's not useful for anything (in fact, it is detrimental to things), therefore it does not have much if any value. Without utility, scarcity doesn't matter. Second, people assume Bitcoin will be valuable because it is scarce AND it will be highly sought after to do the types of things Bitcoin does: make fast, immutable and cheap transactions. But this assumes there will be no other cryptos (or other technology) that cannot also do these things, and we already see that there are very many substitutes in the form of hundreds of other cryptos that do exactly the same thing. So I'd be weary of my assumptions in assuming Bitcoin is destined to moon.
In my opinion, individuals will state gold is better since gold is the most celebrated and most standard money in a long stretch. I realize that gold is a metal and bitcoin is digital currency. Truly, you can't utilize gold to purchase something in the market, and some foundation acknowledges bitcoin as installment. Be that as it may, gold has a standard sum, and numerous individuals like speculators and friends progress toward becoming riches as a result of it.
It is partially a nostalgia that's dates back to the days fiat currency was backed with gold. People long for something physical to represent their monetary success, and it used to be symbolized by a shiney yellow precious metal called gold. Old habits die hard, gold brings back memories of the old days and comforts people in the sense they have something physical to represent their efforts. Bitcoin is the future.
People say gold is better because they can see, touch that gold unlike digital currency and maybe they don't know how to use and even sell it but for me bitcoin 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?
Because gold are naturally occuring unlike the bitcoins they are a man made thing so they can be considered are artificial and that can be replace by another innovative thing that the futures are giving to us. While the gold they will never be out of style because no one can replicate them the eaxct way they can replicate the physical image but the substance itself are not. Ao they are the best investment for all time.
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 gold is better maybe because its price does not experience fluctuations comparing to bitcoin, bitcoin's price is volatile. Unexpected pump and dump of its price may happen anytime which is much better in investing because anytime you invest in bitcoin even if it is risky, the chances that there would be a profit is higher than selling gold because its proce would always be stable.
Gold is always better because from the decades there is no huge growth and there is no sudden fall in its price. Even though you will get your real value when you sell it in the market. Compared to Bitcoin, Gold is not a big volatile, only a few changes in the price.
The traditional gold and silver, has the actual shape, the price is stable, many people like to invest the real gold and silver!
And the digital encryption money is invisible, and the price fluctuation is too big, many people cannot accept such investment!
And the digital encryption money is invisible, and the price fluctuation is too big, many people cannot accept such investment!
because the gold price is always stable and the risk is also not too large to make investment. so most people looked at the gold better and many liked it too
Because the gold is governed by the government, his value is universally acknowledged by all countries. Bitcoin is still banned in many countries now, and bitcoin is a virtual currency with relatively large fluctuations.
The value of gold is simply not high enough to satisfy the enormous size of todays economy and still support any growth.A perfect example is the great depression,which was due to a shortage in gold after the first world war.This in turn stopped lending and stunted the growth of the economy.
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?
Very simple explanation why people still says gold is better than bitcoin because it is dual purposes gold is lifetime if you use for decoration of your body like earrings, necklace and also if they are a rich person his is also available to build a beautiful house using gold as well, unlike bitcoin it is tangible this is color gold in image but in the real object it's not.
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