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Topic: Why people says gold is better? - page 61. (Read 11717 times)

full member
Activity: 336
Merit: 100
February 01, 2018, 02:42:08 AM
People say Gold is better for those who didn't know the importance of Digital Money.
Gold investment is so far good cause at times passes Gold value gets bigger there is no argument on that. Well, compared to digital money it has its own risks as its value depends on the market supply like any other fiat currencies. People have different views on where to invest their money. Or so where they can gain benefit and earn more in a certain field.
newbie
Activity: 13
Merit: 0
February 01, 2018, 02:38:33 AM
I think Gold is physical and precious, not disappear. Bitcoin is digital, can disappear anytime.  Grin
member
Activity: 120
Merit: 21
February 01, 2018, 02:37:23 AM
Gold is a mechanism to store value / purchasing power, though we cannot use it directly to buy goods or services nowadays due to the difficulty of measurement.

Bitcoin, on the other hand, is hard to be a payment method due to high transaction fee a slow transaction time when it comes to small payment.

Yes, because gold is a mechanism to store value/ purchasing power. But for me, bitcoin is much better now than gold, because some markets, stores, you can paid using bitcoins.
Bitcoin payments are not yet widespread, and now only a handful of stores in a handful of countries support bitcoin payments. If you take gold to pay, I think more stores are willing to accept gold instead of bitcoin.
member
Activity: 241
Merit: 11
February 01, 2018, 02:30:33 AM
Many people are choosing gold instead of bitcoins mainly because of gold's high stability rate and its appreciating value over time. They think bitcoin wouldn't last in the long run because of it's high volatility rate and instability on its value. In the other hand, gold's monetary value remains stable through the years that it has been a basis of determining the monetary value of a national currency. And most especially, people choose gold over bitcoin because it was tangible.
jr. member
Activity: 266
Merit: 1
February 01, 2018, 02:27:23 AM
Why do people say gold is better? It must be like that, Gold is still better than bitcoin. Gold has a physical form, real and valuable. While bitcoin: digital, not real, will disappear over time.
newbie
Activity: 126
Merit: 0
February 01, 2018, 02:09:23 AM
Probably because they think bitcoin is much more risky because no legal entity is concerned.
newbie
Activity: 59
Merit: 0
February 01, 2018, 01:44:37 AM
Lost of people tend to see gold more trustable and valuable mine compared the brand new digital currencies. It is quite normal because this is a tradeable good and always has a value, it is concrete and long term investment tool.
member
Activity: 221
Merit: 10
January 31, 2018, 10:58:28 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?
gold is better than bitcoin because gold is precious metal, gold is not for a medium like bitcoin but gold is used as jewelry, and gold can be traded offline. the gold price is more stable than bitcoin
newbie
Activity: 11
Merit: 0
January 31, 2018, 10:43:17 PM
Gold is a mechanism to store value / purchasing power, though we cannot use it directly to buy goods or services nowadays due to the difficulty of measurement.

Bitcoin, on the other hand, is hard to be a payment method due to high transaction fee a slow transaction time when it comes to small payment.

Yes, because gold is a mechanism to store value/ purchasing power. But for me, bitcoin is much better now than gold, because some markets, stores, you can paid using bitcoins.

Yes and no, LOL. As the transaction fee is too high lately for btc.
member
Activity: 304
Merit: 10
January 31, 2018, 10:16:35 PM
Gold is a mechanism to store value / purchasing power, though we cannot use it directly to buy goods or services nowadays due to the difficulty of measurement.

Bitcoin, on the other hand, is hard to be a payment method due to high transaction fee a slow transaction time when it comes to small payment.

Yes, because gold is a mechanism to store value/ purchasing power. But for me, bitcoin is much better now than gold, because some markets, stores, you can paid using bitcoins.
newbie
Activity: 11
Merit: 0
January 31, 2018, 10:06:52 PM
Gold is a mechanism to store value / purchasing power, though we cannot use it directly to buy goods or services nowadays due to the difficulty of measurement.

Bitcoin, on the other hand, is hard to be a payment method due to high transaction fee a slow transaction time when it comes to small payment.
full member
Activity: 210
Merit: 100
January 31, 2018, 09:52:01 PM
Gold has the assurance of claiming such amount unlike bitcoin because gold is more stable than bitcoin and other cryptocurrencies. In fact so stable that it is the basis of the national currencies like USD and PHP , bitcoin on the otherhand has a high volatility rate than gold.  Which works us a double edge blade since bitcoin can go to 0-100 or 100-0 pretty fast.
newbie
Activity: 29
Merit: 0
January 31, 2018, 09:38:37 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
member
Activity: 106
Merit: 15
January 31, 2018, 09:37:48 PM
I can't see how the gold can be better than bitcoin...
They are two different things, bitcoin is a digital cryptocurrency, and can make you rich fast
Maybe for someone gold is better than bitcoin because you have and can touch your gold, and bitcoin is digital Smiley
But i think that bitcoin is better than gold.
I personally agree with you very much, but you know that some people are more conservative. They think that the real thing is always more than the virtual reality. Although they do not touch the gold they invest in, they think gold is definitely better than bitcoin, and that's what those Human thought.
member
Activity: 378
Merit: 16
January 31, 2018, 08:46:48 PM
because Gold earns recognition from all walks of life that it is a rare thing anyone can have with more money
Gold prices are more stable than the price of Electroneum  Grin
newbie
Activity: 46
Merit: 0
January 31, 2018, 08:44:40 PM
Maybe because bitcoin price is going up and down but the gold value is increasing yearly..
member
Activity: 266
Merit: 32
January 31, 2018, 01:42:52 PM
Gold is the currency that has been tested for centuries, all world currencies are backed up to it. And a lot of people think that btc is one of the amazing worlwide scam of peoples history.

5 Kilos gold bars pictures and more..

https://cdni.rt.com/files
jr. member
Activity: 201
Merit: 1
January 31, 2018, 12:56:18 PM
I think technology in America is very advanced, and people's knowledge of cryptococcus has grown so rapidly and there is legality from the US government, so in the United States bitcoin is already in use, some supermarkets and many companies that have modern technology can accept bill payments with bitcoin process is not like using a gold transaction, you need a tool to test whether gold or not.
Although gold still has a high price like bitcoin but you can not make transactions using gold from a small scale to a larger scale, as easy as you transact with bitcoin, it's a bitcoin specialty, because bitcoin is the most phenomenal discovery in human history.
member
Activity: 266
Merit: 32
January 31, 2018, 12:49:58 PM
The problem here is that you are using different units to compare Bitcoin to gold. If you want to really compare them, then you should use the market cap rather than price per oz. Anyway, how you are going to measure the price of Bitcoin per ounce?

Bitcoin got $350,000,000,000 and the price went up from $1 to $20,000. All the signs of fraudulent scheme/ponzi/HYIPs

With $50,000,000,000,000 in gold, Gold has earned the respect of safest investment.
member
Activity: 224
Merit: 10
January 31, 2018, 12:48:21 PM
Gold is the currency that has been tested for centuries, all world currencies are backed up to it. And a lot of people think that btc is one of the amazing worlwide scam of peoples history.
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