Topic: Why people says gold is better? - page 99. (Read 11715 times)
Because gold is a recognized currency in the world. War can make the national currency worthless. But gold does not. Gold can still be used during the war. The price of gold is also stable. Gold can store assets well. So people think gold is better.
In my country, most people still prefer to use gold because Bitcoin is not widely developed in my country but if the government legalizes Bitcoin I am sure Bitcoin will be widely available in my country.
Both is the answer, there really isn't a better IMO. They have different utilities. If you have two safety deposit boxes, one with 25kg of PAMP bars and another with the equivalent in bitcoins, which would be around 95 btc at present (say on a flash drive), which would you leave for your children or grandchildren?
btc: You could be leaving them hundreds of millions of $ in bitcoin OR ZERO depending on dozens of factors ranging from tech to politics to economics...
gold: You are likely leaving them 1 to 1.5 million of $ in gold that will be in the exact same form 30 years down the road.
btc: You could be leaving them hundreds of millions of $ in bitcoin OR ZERO depending on dozens of factors ranging from tech to politics to economics...
gold: You are likely leaving them 1 to 1.5 million of $ in gold that will be in the exact same form 30 years down the road.
I think people say that gold is better because they have this mindset that gold has a greater value. Imagine through the ancient times gold is considered as a high level of value of exchange, it is carried up untili today. Meanwhile, bitcoin is just and still emerging so people do not have a complete acceptance to what it can offer.
Gold is stable u wont loose much or gain much maybe in a long term when gold is rare it will be better but for now bitcoin is way better risky but better in making money
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 has been in our world for many years, and it was our currency long time ago, even though people still buy gold that's because gold is still precious and worth a lot. The difference between bitcoin and gold is that in our generation technology is the important key in our society and people now rely on technology that's why bitcoin is more flexible and can be used as a payment, investment and other things. Bitcoin also is progressing which impresses a lot of people and gaining attention more and more, as for gold its hardly that people will exchange with gold but the good thing is that you have a physical material in your hand which is a proof that you have a gold and you own that gold.
Gold is the ancient precious metal and it is considered as a valuable asset for rich people and also prestigious to wear it is the mind set of the world people that Gold is safest investment. Bitcoin is since 2009 only so it will take enough time to realize same people will says even same people will say that Bitcoin is better then Gold with in few years it is going to happen.
It is very difficult to change thinking of traditional people. They will go for methods or beliefs that majority share for years like gold is very valuable.
They can be many reasons in bringing out the description of bitcoin and gold.
Gold started in early ages, where it has been used around for several years. In addition, it is also stable and valuable, where a lot of people use it as an accessories. While bitcoin is still in the process of growing, maybe several people aren't familiar yet with bitcoin, or it is not useful in their country due to banning. Though, bitcoin is a better currency than the gold. In the digital world, bitcoin is like the gold, where it is the standard.
This two are things should not be compared because its to various, where you can find many ways to say something is better over the other.
Gold started in early ages, where it has been used around for several years. In addition, it is also stable and valuable, where a lot of people use it as an accessories. While bitcoin is still in the process of growing, maybe several people aren't familiar yet with bitcoin, or it is not useful in their country due to banning. Though, bitcoin is a better currency than the gold. In the digital world, bitcoin is like the gold, where it is the standard.
This two are things should not be compared because its to various, where you can find many ways to say something is better over the other.
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?
Hi akram143, is there a link of this video you can share with us?
I think why gold is better than bitcoin, may not have the knowledge of bitcoin value, because gold is an immortal thing we already know in our age is small, and always used for investment and trade.
I think because gold is the ideal choice of a person
I think though gold can not be used as a means of payment but gold has a stable price and never goes down, while bitcoin has an uncertain price, sometimes up and down abruptly ... so if we want to make a payment using gold then gold in Sell first and then can be used for means of payment..
Why not both? I think it's pretty safe to hold some gold, it doesn't hurt to own a physical resource in case there is no network access.
Because bitcoin is volatile, it changes it price very quickly while gold in the other hand is stable though bitcoin may have a higher price, it is pretty volatile.
The truth is bitcoin has no value at all, because its just popular now due to its high value and people are into the waves of it. Its an asset that cannot be touch, and tradable. Gold in the other hand is an tangible asset, country is basing their wealth to gold that they have. If people possess gold, this will never be out of sight. Bitcoin's value is depending on the buying of people, without them Bitcoin will lose its value while gold still have its value for much longer time. I guess its better to have this two, after all they both have the popularity and value that many people take it as chance to profit
People are saying gold is better because in the past it is the currency they use to buy or exchange it with there needs that why people are use of it instead of btc. And they look it as precious treasure..
I think bitcoin is better than the gold because the value of bitcoin and gold is not equal and this days the value of bitcoin is still increasing and it is a volatile and the price is always changing very quicy i don't why they always say gold is better than the bitcoin maybe they have a point but for me bitcoin is better than the gold
I think they say that easily because they don't experience the value of bitcoin and how it gives people a lot of a money to pay their daily needs unlike bitcoin it cannot help all people who are searching job to work it is really hard.
People says that gold is better because they dont know about bitcoin and they did not know how to earn bitcoin. They will say it because they have a gold but they dont have a bitcoin. They will always trust to the things that majority that know or wants even there are things are better. Gold is great and people believe that when you have it you are eligant. Compare when you have a digital currency or bitcoin they will think that you are scammer or you are doing illegal because they are not aware of what you are doing.
Why not both? I think it's pretty safe to hold some gold, it doesn't hurt to own a physical resource in case there is no network access.
Because bitcoin is volatile, it changes it price very quickly while gold in the other hand is stable though bitcoin may have a higher price, it is pretty volatile.
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