Topic: Why people says gold is better? - page 66. (Read 11717 times)

China bank is buying 300 tonnes Gold  

if you look at the price of gold from the first time until now did not experience such a high price increase but this makes people prefer to invest in gold while the bitcoin from every second it has an erratic movement and now bitcoin already has a high price but may also be down

Gold $1350/ounce. Silver $18/ounce.  Why would anyone buy Bitcoin at $3000 ??   

Gold and Bitcoin are different terms....
I think the  main reason is that no one hacks the gold but Bitcoin can be hacked..

Gold is popular both in old and our current generation. Gold is better compared to crypto currency's in terms of durability, security, and well accepted into fiat currency conversion. While in crypto currencies, risk is always present. We can not assure to ourselves that the investment we made is safe. But when talks about profit and easy money, bitcoin is better than gold when it talks about this matter. That's my thought.

Some people invest their money in gold and they hold their money for best profit but gold price is not increase as like they want because its price is very slow increase, but i think they didn't know about bitcoin investment because if they know bitcoin so they will never invest their money in gold, that's why they choose gold for investment.

For me people are choosing gold because it is a safer investment. Everyone knows gold, No one would deny that gold's value will increase more because every year fewer gold can be mined. Although Bitcoin had that same characteristics many people still do not understand Bitcoin. Many Financial experts do not have a positive view on Bitcoin and people are still considering investing in Bitcoin is very risky.

The real value with cryptocurrencies lies with their blockchains. At the beginning of August, following a soft fork that saw bitcoin separate into two separate currencies (bitcoin and bitcoin cash), bitcoin's blockchain was upgraded. This upgrade moved some information off of bitcoin's blockchain in order to boost capacity and transaction settlement times, as well as reduce transaction fees, in an effort to attract enterprises.

Iran fires 7 missiles. It's on twitter  

4 reasons why analysts consider gold to be better:

1. Durability. While both assets require specialized knowledge for the purpose of long-term storage, the gold wins in this battle. Cryptocurrencies are susceptible to shackling. Hackers can hack into the virtual investor's portfolio even by the user's smartphone. In addition, they are subject to regulatory risk and are exposed during any network crises.

2. Easy to carry. Moving from place to place of gold can be expensive, given its importance, the need to ensure a high level of security and to pay a high import tax in some countries, such as India. In contrast to gold, Bitcoin is much faster and cheaper.

3. Value. There is a limited amount of gold and other precious metals in the earth's crust, while in the case of cryptocurrencies it is easy to create alternatives. And that means that there is no effective control over the supply of assets at the macroeconomic level and we can not talk about the value understood as one of the rarity or finesse elements of a given asset.

4. Unit of account. Gold better holds purchasing power and has much lower daily volatility. In 2017, volatility on bitcoin is almost seven times higher than on gold

Gold has been trading for thousands of years. It is used in various sectors (trade, jewelry, industry, etc.) and has its value for a long time. That's why people trust him more.
On the other hand, the bitcoin is decentralized and not controlled by one institution, and I like it the most at bitcoin.

My biggest problems with gold:

1) For many, gold is a hedge against governments and financial systems blowing up the economy. Hyperinflation, devaluation of assets, or even currency default. While governments and banks are extremely leveraged around the world and could be susceptible to a global financial meltdown, I find it unlikely gold will be the protection people expect. The largest owners of gold are governments, who would be forced to liquidate some or all of their holdings in such a case - which would have a massive effect on the price obviously. There is also precedent for governments (even in the US) seizing gold. The populace would likely be more inclined to accept a new currency (i.e. reboot the system) than to revert back to a gold standard.

2) Physical gold is hard to use for trade. It's hard to give someone an exact measurement of gold without using coins - and then you have to trust that the coin is authentic and that it is of a denomination small enough to use for trade. Not to mention many gold proponents do not own or use physical gold, but rely on gold securities or an idea of gold securities in an investment account (which doesn't protect against a lot of the end-of-the-world or financial system meltdown ideas those people like to talk about).

3) Gold is valuable because out ancestors liked it? I just never got why gold is worth anything beyond it's utility as a metal. I don't put weight in "it's just always been valuable". Things change. We already see gold has lost a lot of its luster (pardon the pun) with young people.

4) Gold is "scarce"? Supposedly, a lot of gold's value is that it is scarce. I would argue it's not that scarce at all. But even if we say it is, we don't control that scarcity. What happens if we find a huge supply tomorrow that doubles the available supply?

Bitcoin is a far better option for storing and transacting wealth than gold. And I would argue it's a much better hedge against government/financial system worries.

There are people who say that gold is better and people who say Bitcoin is better. The people who say that gold is better are arguing that gold has a 5000 years of history as a store of value, Bitcoin a bit less.

Gold was the best venture yet bitcoin has changed the attitude of individuals and now all are going toward bitcoin in light of the fact that they don't perceive any high benefit in gold and that is genuine gold costs are steady and nor falling neither rising yet bitcoin costs are rising and who knows where they will stop and this is drawing in individuals toward bitcoin and individuals are keenly changing from the old strategy to the new ones.

Off course, practically wise gold is really better for gold's future when it comes to price, supply and demand is much stable than any other alts and even bitcoin. Alts future even how good the project is has no assurance of bigger value after couple of months or years because it merely depends on the trading volume it has in market. Gold for sure would appreciate in price in future for the reason that supply is continuously diminishing while demand retain because gold is use by many industries and individual.

Gold is very trusted for old generation and many people know that gold is base of fiat currencies. It is stupid to say that gold is bad as asset cause many times our parents made money.

maybe people says that gold is better because it do have it's physical apperance. On the pther hand, bitcoin is interestingly paperless! No physical appearance to show other than cashout.

many people said that gold is better because of its high amount value, it is better to the real cash because gold is so useful and it is accepted in the whole world.
Gold is like a bitcoin that has a high appraisal value and you can convert or sell it to gain a real money.

Gold and BTC this two things are different with each other,because if we keep BTC it can be profitable but keeping gold is not profitable,i mean if we keep gold it can't incise but BTC can incise it's value..

I must say that the ones who know well about bitcoin will never support this argument that gold is better option than that of bitcoin. There is no match of bitcoin with that of gold.

In fact, most of the investors who were previously investing their money into gold are now taking out their money from that investment and are now investing that money into bitcoin as they this will make them earn much more money.