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Topic: Why people says gold is better? - page 80. (Read 11686 times)

full member
Activity: 602
Merit: 100
December 24, 2017, 06:14:05 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?
People believe in gold, because this is a stable currency, which has already shown itself for many decades. And bitcoin and other crypto-currencies are still very young and far from many people believe in them.
full member
Activity: 434
Merit: 101
December 24, 2017, 06:09:34 AM
Yes , Gold has been the all time defined asset as it is natural deposit to each country and declares the fund of the nation. Gold is better than crypto. why ? well obviously Gold is tangible, high value and natural than bitcoin that has its peak and lowest point of pricing. Aside Gold is long term wealth and can be pass to next generation without any hassle.
member
Activity: 158
Merit: 10
December 24, 2017, 04:25:22 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?
Yeah many people says that gold is better and bitcoin is nothing but we all that bitcoin is much better. Many people says that gold is better because they don't know the ability of bitcoin.
bitcoin is just the same asset as gold if to pair with the correct price bitcoin is the highest. Gold has a price of beauty for anyone who receives it as a different gift with bitcoin that has a high selling value but not as a gift
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
December 24, 2017, 04:16:08 AM
This forum is nothing but people harping on prices and what they think causes them.
But think about it.. what gives value ?
What would give Gold value ?
And then ask yourself what gives Bitcoin value...

I'll tell ya.
Look around.. noobs everywhere.
Why ?

Profits.

If the failed broken currency known as Bitcoin is worth 14 grand right now then Gold should be worth 1 million a gram.
And that would make the majority using it have troubles using it in your cell phone wouldn't it ?
member
Activity: 252
Merit: 15
December 23, 2017, 03:42:12 AM
Gold is exceptionally steady as far as instability. Gold has the unquestionable reputation. Gold is a component and okay. BTC is virtual cryptographic money. Gold is effectively satisfactory worldwide and we needn't bother with Internet to offer the gold. Gold has numerous ace as contrast with BTC that is the reason gold is better a result of security of cost less unpredictable.
sr. member
Activity: 415
Merit: 250
December 23, 2017, 03:26:37 AM
I think the reason behind why gold is better than bitcoin is because gold is a precious metal use in different luxurious jewelleries. Gold provides elegance from its owner which is not subjected in depreciation. At the same time it possessed just like money a physical substance which the bitcoin don’t have.

Gold is Gold and it has its own value but these days bitcoin are more precious than Gold. Since bitcoin is new so most mature and old people still back the gold and shows no trust in Bitcoins. They are in the point of view that Bitcoin wont last long while Gold is there from ages and will always remain till the end of time.
full member
Activity: 616
Merit: 100
December 22, 2017, 06:59:12 PM
People prefer gold better because the gold has been in the centuries old is different from the Bitcoin is only known only recently. Wink
member
Activity: 156
Merit: 10
December 22, 2017, 06:56:23 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?
Yeah many people says that gold is better and bitcoin is nothing but we all that bitcoin is much better. Many people says that gold is better because they don't know the ability of bitcoin.
member
Activity: 574
Merit: 11
December 22, 2017, 06:48:00 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?
yeah maybe cause the bitcoin isn't really popular right now and just a few market accept that. of course the people will say the gold is better cause everyone now that gold is expensive and the best investment cause the price will go up year by year and unlike bitcoin, gold is a material that you can see its shape
jr. member
Activity: 53
Merit: 10
December 22, 2017, 06:42:58 PM
Because gold is a mineral and is backing up FIAT since a lot of time.
member
Activity: 182
Merit: 20
December 22, 2017, 06:42:16 PM
Gold has proven itself for 4,000 years. We will evaluate btc in four thousand years
newbie
Activity: 35
Merit: 0
December 22, 2017, 06:05:05 PM
bitcoin is too voltile in term of its price. It takes about half an hour to proceed the transaction, during the half hour it is very possible to have 20% difference in price which small business cannot deal with it. also its transaction fee is enormous for daily purchase.
member
Activity: 168
Merit: 10
December 22, 2017, 06:01:28 PM
because they didn't realize bitcoin as a digital asset or a tech money. Yes we all know Gold has a value. but bitcoin is way more better than gold and it can be materialize by any other asset in the world.
member
Activity: 299
Merit: 11
December 22, 2017, 05:47:12 PM
It depends. In terms of the number of uses, gold will be better than bitcoin as it has many other uses from jewelry to electronics.

Bitcoin, on the other hand, is pretty much used for investment and payments only. A shell for your money. But, as of the times, a superior one over gold.
hero member
Activity: 1078
Merit: 514
December 22, 2017, 05:29:09 PM
First and most important, gold has a shape and can be seen directly, while bitcoin is not. Secondly, nobody may accept gold as a means of payment, and some receive bills with bitcoins, but gold is accepted all over the world for bitcoin not. There are still many countries that resist bitcoin and that is what makes gold better than bitcoin.
Everything you said is correct, but I think the most thing is people more sure in physical gold in which future we can be sure, than in bitcoin which future is not clear. It is really so, we may talk about bitcoin's future as far as we can, but is actually unknown.
legendary
Activity: 1904
Merit: 1000
December 22, 2017, 05:22:27 PM
It depends on various things. For some people gold is better because it's more stable in price than bitcoin. Some people love to have a low risk low profit investment while the other people love to take high risk high profit investments.
member
Activity: 294
Merit: 13
★777Coin.com★ Fun BTC Casino!
December 22, 2017, 04:38:39 PM
For me i think the reason is because bitcoin is intangible currency unlike gold that tangible and people like the physical presence of value. Also people are afraid because bitcoin is unstable unlike gold, bitcoin value is changing every time.
newbie
Activity: 18
Merit: 0
December 22, 2017, 03:09:53 PM
Most likely, this is due to lack of confidence in the system as a whole, bitcoin is impossible to catch, it's only electronic currency, and gold man holds in his hands, so there is a psychological moment Smiley
member
Activity: 224
Merit: 11
December 22, 2017, 03:02:47 PM
Those people are
1. not willing take a risk
2. fear for a new change/technology
3. not adventures
4. more like to non volatile assets
member
Activity: 276
Merit: 10
December 22, 2017, 02:56:30 PM
Gold is something that can be touched and therefore it seems understandable and safe. Bitcoin can not be touched, therefore, people do not believe in it as a ghost. Gold trade has developed over thousands of yearsu. From the moment the currency is no longer backed by gold was not much time.
Bitcoin is a new way of calculating. The time will come when payments will be made cryptocurrency. But so far it is not known which one.
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