Why people says gold is better? - page 62.

Reesefrias

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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?

Gold is different from bitcoin and we all know that to be honest cryptocurrencies is a digital currency that can be earn conveniently and easy unlike gold, it wil depeds on the gold value, many people are still investing to gold simply because that's supported by some other government and it has a value of time, just like other a house and lot, the more you invest in time the more you will earn. Gold is more classy look and more people knows and what gold capable is unlike bitcoin, many people stil don't know it.

flyingplows

sr. member

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Quote from: _noname_ on January 31, 2018, 11:47:45 AM

Gold is better then bitcoin because
Gold is legal in all over the world.
Gold has more age then bitcoin.
Gold is more trusted because of high investor are playing.
Gold is more better because people are like to wear gold.

Gold is not so volatile and it has less potential in mid term to earn big from investment.
Gold is also not accepted at most grocery stores Grin

and electronic shops, even at ones where Bitcoin is Grin

By the way, do you know there are crypto companies like Spectrocoin that allow you to buy gold, so you can store your money during corrections and avoiding conventional currency altogether.

Wayan_Pedjeng

sr. member

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Quote from: First77 on January 31, 2018, 12:27:06 PM

Quote from: bryant.coleman on January 31, 2018, 12:03:35 PM

It is not really surprising to have so many people supporting and favoring gold over Bitcoin. Gold has been in use for more than 5,000 years now, while Bitcoin is less than 10 years old. So it is natural for people to trust gold more than Bitcoin.

after 10 years of launch, 1 bitcoin = $100 will be OK.

After 100 years in world economy, Gold is $1350/ounce only

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?

ThishD

newbie

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Gold is not something that can be easily moved and moved, it has many different values, and gold is easy to steal. Also, a lot of space is needed to store gold or store it in gold. In most cases Bitcoin is easy because it's very efficient and safe. It's easy to interact Can be retained in the network, and no one is difficult to steal.Therefore, Bitcoin is ahead of the transaction in comparison with gold.

VampKing

copper member

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People says gold is better as they consider it to be more secure than other medium of exchange. People consider gold to be real money or liquid cash. They feel like having their own money with them. Cryptocurrency and other medium of exchange may be vanished in the near future. But the use of gold will remain as long as the world is alive. It's just the belief of people that shapes this kinds of thoughts.

adekpulpen

newbie

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Maybe because gold is the first investment ever
Those who do not believe in bitcoin, mean they are not completely familiar with bitcoin, and understand what a blockchain is
but If they want to learn it, they will say gold is no better than bitcoin Grin

leevine77

newbie

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While years goes every other year. Day goes every day. Gold can change the value but its change is for good change. Gold value every year is increasing. Gold is better that anything while live on earth.

Mei1418

full member

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actually gold is better because of its stable price, but that does not mean gold can be used for payment in small fractions. this is less effective. maybe gold can still be used as a medium of exchange with other goods on a large scale such as land, houses, cars and others, but not effective when used to exchange food, clothing and other basic needs

First77

member

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Quote from: bryant.coleman on January 31, 2018, 12:03:35 PM

It is not really surprising to have so many people supporting and favoring gold over Bitcoin. Gold has been in use for more than 5,000 years now, while Bitcoin is less than 10 years old. So it is natural for people to trust gold more than Bitcoin.

after 10 years of launch, 1 bitcoin = $100 will be OK.

After 100 years in world economy, Gold is $1350/ounce only

Carlsen

hero member

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Gold has always been a save haven for investor in times of trouble.
When you are a conservative investor and you are looking for something that keeps its value more or less, then gold will be the investment method you choose.
In fact, in times where everything else goes down, gold usually starts to rise. This way an investment in gold can compensate possible losses in other areas of your investment.

It is always the question what kind of investor a person is. Those who are willing to take risks choose bitcoins, those who want safety will choose gold.

Chainblock

full member

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I think that it is obvious by now that Bitcoin isn't just a "virtual" coin. The energy needed to produce one bitcoin is proof that it's as real as any material substance such as Gold. We used to have a similar argument about Music: Digital music is as real as the music produced by a live group on stage.
So Gold is NOT better than Bitcoin... if anything Bitcoin is better than gold because it's scarcity is finite.

Opnsrc

hero member

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Quote from: glanmarc on January 30, 2018, 07:23:10 PM

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?

Gold is still better than bitcoin. Because if bitcoin is the father of all cryptocurrency. Then The Real money is the father of bitcoin. And Gold is the father of Real money. Did you get it? I hope you got it. Gold is also can be made as Jewelries unlike bitcoin. Yes, bitcoin can be exchange to cash. But Gold is still better.

I might agree with you, but only partly. Yes, the value of gold is great. Additionally you can touch it, feel like something real. Bitcoin….you never know what its price will be next moment. However, its value is in its high potential to bring large profits.

FARid211

jr. member

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i think it may be that everyone knows about gold.. on the other hand bitcoin still now not reached to the all classes people...and they even don't know about the use of bitcoin. it aslo another matter that gold is a physical material where bitcoin is not.

shezu007

full member

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Stability of gold is more then bitcoin while gold is legal through out the world while also people are trading with gold from start like we are seeing jewelers shop everywhere in the world while people are also liking to wear gold for a fashion. Traders are earning more money with gold with out fear of lose. Because possibility of losing is very low.

bryant.coleman

legendary

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It is not really surprising to have so many people supporting and favoring gold over Bitcoin. Gold has been in use for more than 5,000 years now, while Bitcoin is less than 10 years old. So it is natural for people to trust gold more than Bitcoin.

moetimas

full member

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for those old gold users it will assume gold is better than bitcoin, and vice versa, for bitcoin users who are already heavily profitable, will definitely consider bitcoin better. gold has a stable value, has a physical, and a little risk. bitcoin is a new technology, base bitcoin is as currency. In ancient times in my country gold was also used as a means of payment, but times have been modern, and now gold is only used as an investment. bitcoin has advantages, in addition to means of payment, bitcoin can also be used as an investment.

Ninjamoves

newbie

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As I think people say that gold is better because gold bars can touch and it has a physical image. Rather than bitcoin we cannot touch and it doesnt have a physical image. Other people doesnt know how to use the bitcoins in transactions.

Taskford

hero member

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They just say that gold is better because of the fact and reason that gold is more stable than bitcoin and because of gold, the risk of losing money is not high so you can expect that you will not lose a lot of money by investing it on the gold bars and just keep holding and waiting for the value of gold to go up while for me, bitcoin is still the best because of the volatility that gives a lot of profit for me.

First77

member

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Quote from: _noname_ on January 31, 2018, 11:47:45 AM

Gold is better then bitcoin because Gold is legal in all over the world. Gold is more trusted because of high investor are playing. Gold is more better because people are like to wear gold.

Some $50,000,000,000,000 is invested in gold. That shows gold's reputation worldwide. Read more.. Wink

_noname_

sr. member

Activity: 448

Merit: 250

Gold is better then bitcoin because
Gold is legal in all over the world.
Gold has more age then bitcoin.
Gold is more trusted because of high investor are playing.
Gold is more better because people are like to wear gold.

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