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?
I think gold will never be equal to bitcoin because the price of gold is very volatile and gold may fall, causing the seller to suffer a loss of capital, but for bitcoin is not so bitcoin prices fluctuate. But it will increase again soon so I disagree with the idea of gold better than bitcoin. 
Topic: Why people says gold is better? - page 94. (Read 11715 times)
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?
Nobody is accepting gold because it is not a currency but it an asset where its value increases as the time goes by. In lieu of this, people see it as a good investment. It is true that they cannot use gold as a payment but when you sell it in the market, the corresponding value worth a lot of money. In that way, bitcoin is like gold. Even some store accept bitcoin as a mode of payment while others do not, if you convert it into cash, its value also worth a lot of money. Therefore, bitcoin is a new face of gold because it is a digital gold. So, we should not compare the two because both are convertible to cash and good place of investment. 
Because store acceptance isn't the only factor that's put into consideration. If we're talking about being better as a currency, then Bitcoin is better, because gold can't really be considered as such. Bitcoin, on the other hand, is a currency that functions very much like a digital version of gold.
Gold can be considered better if taken a look at for its stability. Gold has been around since pretty much the first civilizations, and it has always been valuable. It also has inherent value as it can be used for accessories, jewelry, and even electronics.
My personal opinion is that they shouldn't be compared, but people always find ways to say something is better over the other.
It's true what you say because it's not the only factor that likes gold or digital currencies like bitcoin and it's all there is a way of each, gold is very stable in the field of price and very different from bitcoin that is said to be a candidate for new digital currency that is When this happens, Gold can be considered better if taken a look at for its stability. Gold has been around since pretty much the first civilizations, and it has always been valuable. It also has inherent value as it can be used for accessories, jewelry, and even electronics.
My personal opinion is that they shouldn't be compared, but people always find ways to say something is better over the other.
It is a little difficult to compare with gold.
It is difficult to trade in the first place because gold can not be carried around.
Simply because we do not have the gold we split.
Bit coin is convenient because it is virtual money.
Bit coin is convenient because it is virtual money.
Gold is consider an asset. Its has a value and use as a reserves of many country. As to bitcoin, actually has no real value at all. Its value depends only because of its popularity. If no one is using or trade bitcoin, it would be worthless. The value of bitcoin increases everyday because people are in panic mode to buy most of it because of the possibility it would cost a million in near future. Gold is much better to have because its tangible, uses worldwide and a good asset that bitcoin cannot be hold, tje possibility of the bitcoin can be hack and loss all your .money with it.
But no one accepting gold as payment then why still people says gold is better?
Some people who still say that gold is better, maybe they don't really understand or don't knowing more about bitcoin with deepen it as wel as on many things related to bitcoin or other crypto currencies.It could also be the lack of internet connection, so makes them overlook about bitcoin which's more superior than gold.
Gold can only be a commodity asset, a very wrong mindset if it continues to be compared to bitcoin, bitcoin instead of digital gold because it also serves as a currency exchange instrument affiliated with the public currency.
If some people still survive with gold then surely they regard fiat as the dominant income, many people have not opened their minds about crypto currency because they do not like things that are not yet legal. This makes perfect sense, but all will change when popular bitcoins on the Nasdaq and other big markets.
I do not know why they say gold is better than bitcoin, while bitcoin transactions are spreading in their midst.Gold can be considered better if taken a look at for its stability. Gold has been around since pretty much the first civilizations, and it has always been valuable. It also has inherent value as it can be used for accessories, jewelry, and even electronics.
But no one accepting gold as payment then why still people says gold is better?
Some people who still say that gold is better, maybe they don't really understand or don't knowing more about bitcoin with deepen it as wel as on many things related to bitcoin or other crypto currencies.It could also be the lack of internet connection, so makes them overlook about bitcoin which's more superior than gold.
Gold can only be a commodity asset, a very wrong mindset if it continues to be compared to bitcoin, bitcoin instead of digital gold because it also serves as a currency exchange instrument affiliated with the public currency.
If some people still survive with gold then surely they regard fiat as the dominant income, many people have not opened their minds about crypto currency because they do not like things that are not yet legal. This makes perfect sense, but all will change when popular bitcoins on the Nasdaq and other big markets.
Quote
Gold Properties
leaf
Gold leaf sample
Gift of The Gold Leaf Company
© AMNH / Craig Chesek
No Other Metal or Mineral Measures Up to Gold
Gold's beauty, value and its many other unique qualities make it the material of choice in many industries. Most gold--78 percent of the yearly gold supply--is made into jewelry. Other industries, mostly electronics, medical and dental, require about 12 percent. The remaining 10 percent of the yearly gold supply is used in financial transactions.
Gold is used as a contact metal in the electronics industry as it is a good conductor of both electricity and heat.
The word "gold" most likely has its origins in the Indo-European word ghel, meaning "yellow." The chemical symbol of gold, Au, is short for the Latin word for gold, aurum, meaning "glowing dawn."
wire
Gold wire
Gold is ductile: it can be drawn out into the thinnest wire.
© AMNH / Craig Chesek
Gold conducts heat and electricity. Copper and silver are the best conductors, but gold connections outlast both of them because they do not tarnish. It is not that the gold lasts longer, but that it remains conductive for a longer time.
Gold is ductile: It can be drawn out into the thinnest wire. One ounce of gold can be drawn into 80 kilometers (50 miles) of thin gold wire, five microns, or five millionths of a meter, thick. This sample is 0.20 millimeters (0.008 inches) in diameter.
28Helmet
Apollo 11 Space Helmet Replica
Gold is highly reflective. The visors of astronauts' space helmets receive a coating of gold so thin that it is partially transparent. The astronauts can see through it, but, even at that thinness, the gold film reduces glare and heat from sunlight.
© AMNH / Denis Finnin
Gold is highly reflective of heat and light. The visors of astronauts' space helmets receive a coating of gold so thin (0.00005 millimeters, or 0.000002 inches) that it is partially transparent. The astronauts can see through it, but even at that thinness the gold film reduces glare and heat from sunlight.
Gold is prized for its beauty. Jewelers and metalsmiths value it as a metal that can be embossed, hammered, cast, stretched or twisted.
30Gold-Room
Gold Room
Gold—the most malleable metal—can be flattened into extremely thin sheets. The walls in the Gold Room are covered with approximately 300 square feet of 23-karat gold leaf representing three ounces of gold metal, the equivalent volume of three U.S. half-dollar coins.
© AMNH / Denis Finnin
Gold is malleable, so it can be flattened into extremely thin sheets. The walls of the Gold Room are covered with approximately 28 square meters (300 square feet) of 23-karat gold leaf representing 3 ounces of gold metal. Gold leafing--also known as gilding--is an ancient technique. Traditional artisans beat raw gold between pieces of leather until it was almost too thin to be seen. One ounce of gold may be hammered thin enough to cover more than 9 square meters (96.9 square feet) of a surface. The gold leaf may be only 0.18 microns (seven millionths of an inch) thick; a stack of 7,055 sheets would be no thicker than a dime.
leaf
Gold leaf sample
Gift of The Gold Leaf Company
© AMNH / Craig Chesek
No Other Metal or Mineral Measures Up to Gold
Gold's beauty, value and its many other unique qualities make it the material of choice in many industries. Most gold--78 percent of the yearly gold supply--is made into jewelry. Other industries, mostly electronics, medical and dental, require about 12 percent. The remaining 10 percent of the yearly gold supply is used in financial transactions.
Gold is used as a contact metal in the electronics industry as it is a good conductor of both electricity and heat.
The word "gold" most likely has its origins in the Indo-European word ghel, meaning "yellow." The chemical symbol of gold, Au, is short for the Latin word for gold, aurum, meaning "glowing dawn."
wire
Gold wire
Gold is ductile: it can be drawn out into the thinnest wire.
© AMNH / Craig Chesek
Gold conducts heat and electricity. Copper and silver are the best conductors, but gold connections outlast both of them because they do not tarnish. It is not that the gold lasts longer, but that it remains conductive for a longer time.
Gold is ductile: It can be drawn out into the thinnest wire. One ounce of gold can be drawn into 80 kilometers (50 miles) of thin gold wire, five microns, or five millionths of a meter, thick. This sample is 0.20 millimeters (0.008 inches) in diameter.
28Helmet
Apollo 11 Space Helmet Replica
Gold is highly reflective. The visors of astronauts' space helmets receive a coating of gold so thin that it is partially transparent. The astronauts can see through it, but, even at that thinness, the gold film reduces glare and heat from sunlight.
© AMNH / Denis Finnin
Gold is highly reflective of heat and light. The visors of astronauts' space helmets receive a coating of gold so thin (0.00005 millimeters, or 0.000002 inches) that it is partially transparent. The astronauts can see through it, but even at that thinness the gold film reduces glare and heat from sunlight.
Gold is prized for its beauty. Jewelers and metalsmiths value it as a metal that can be embossed, hammered, cast, stretched or twisted.
30Gold-Room
Gold Room
Gold—the most malleable metal—can be flattened into extremely thin sheets. The walls in the Gold Room are covered with approximately 300 square feet of 23-karat gold leaf representing three ounces of gold metal, the equivalent volume of three U.S. half-dollar coins.
© AMNH / Denis Finnin
Gold is malleable, so it can be flattened into extremely thin sheets. The walls of the Gold Room are covered with approximately 28 square meters (300 square feet) of 23-karat gold leaf representing 3 ounces of gold metal. Gold leafing--also known as gilding--is an ancient technique. Traditional artisans beat raw gold between pieces of leather until it was almost too thin to be seen. One ounce of gold may be hammered thin enough to cover more than 9 square meters (96.9 square feet) of a surface. The gold leaf may be only 0.18 microns (seven millionths of an inch) thick; a stack of 7,055 sheets would be no thicker than a dime.
https://www.amnh.org/exhibitions/gold/incomparable-gold/gold-properties/
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 is been here for so long, has a physical appearance and people are aware that if you put your asset in gold the value of it increase as time passes and its good as long term investment. On the other hand bitcoin is just a virtual currency and some people are not aware of its existence. Therefore they trust gold as well established form of investment. Bitcoin on the other hand is a top cryptocurrency and proven its worth so whatever your choice between the two its beneficial in the long run.But no one accepting gold as payment then why still people says gold is better?
Some people who still say that gold is better, maybe they don't really understand or don't knowing more about bitcoin with deepen it as wel as on many things related to bitcoin or other crypto currencies.It could also be the lack of internet connection, so makes them overlook about bitcoin which's more superior than gold.
Why people says gold is better?
Because there are many places where Bitcoin are not accepted. That's why people says gold is better. They can feel there money in there hand. But you can't feel virtual money in your hand. It will be only in your wallet account.
Because there are many places where Bitcoin are not accepted. That's why people says gold is better. They can feel there money in there hand. But you can't feel virtual money in your hand. It will be only in your wallet account.
Gold is an asset that is very stable. As an asset does not represent currency, no one will use gold as payment. You can only use it to trade/liquidate into cash. Another reason is due to Gold having too many types of replica. Unless you are an expert or have the necessary tools you are most likely unable to determine whether it will real gold. With all these risks, who will accept or use that as means of payment?
Yes this I totally agree. This is also one of the reason for the rise of Cryptocurrency. Low risk, blockchain and security is very important. Gold is indeed valuable, but it would mainly be for investment purposes not as a form of payment.
Gold is an asset that is very stable. As an asset does not represent currency, no one will use gold as payment. You can only use it to trade/liquidate into cash. Another reason is due to Gold having too many types of replica. Unless you are an expert or have the necessary tools you are most likely unable to determine whether it will real gold. With all these risks, who will accept or use that as means of payment?
Gold and bitcoin are like apples and oranges. Gold has a longer history as a store of value whereas bitcoin is thought of as a digital version of gold. Over time gold has proven itself, whereas bitcoin is relatively new. I think both have their place as investments.
Gold is here from generations i think that's why they feel comfortable with gold and there is fact if there is no internet then there will be no bitcoin. People can keep Gold physically but Bitcoin is just a digital currency.
In the old tradition, gold is the best investment to make easy money but not fair to those who own with just as big as the grain of rice against the capitalist and that is a reality until this time. With bitcoin, u can earn as bigger as you can imagine with only a few hour in the internet with no sweat. However, the more time u spend the faster u become rich
my question is why do people still compare bitcoin to gold?
Lol, I was wondering the same because both are poles apart and there is no common ground of both where we can compare them. I guess people compare them because both are methods of increasing your money or saving it for some good time. My vote will be for bitcoin since it is easy to use, carry and has more potential than gold for increasing in value and leaving the investor in some really big profit.
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 forever. If we have gold we can sell it anywhere thru pawnshops or you may go directly to your central bank list and change it directly to fiat anytime. We cannot say bitcoin is forever specially that the price is fluctuating and it will always depend on the internet in which if internet will gone so the bitcoin will gone too like in event of a world war III in which a nuclear war that have capability to destroy everything including the internet but gold can be use anytime and anywhere.
I think that this is due to the fact that gold for some people looks more reliable than bitcoin and we have been using it for quite some time for a long time, therefore, this opinion has formed on gold
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