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Author Topic: Why people says gold is better?  (Read 11219 times)
rejekiku
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April 17, 2018, 03:13:25 PM
 #2261

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?

yes, it's true, bitcoin can spend in many transactions, but gold is stable price today.
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Hadji
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April 17, 2018, 08:02:06 PM
 #2262

The reasons are just a lot, first gold with us is not one thousand years, secondly gold does not grow anymore, with each year its extraction is more and more difficult, in the third people and banks will pay with pleasure for it, and as a bonus they are jewelry, always desirable and as a sign of status.
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April 17, 2018, 08:10:28 PM
 #2263

Gold is already proven and tested by time, Remember during the first civilization until present it has signifacant role in trading purposes and the value are remains precious while bitcoins are unpredictable, It is like a bubble that burst up in just a couple hours and the fluctuations are very fast...it can reaches up to the peakest level and drowned down in just a shortest span of time..

Edward Finney
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April 17, 2018, 08:19:26 PM
 #2264

Because it has thousands of years of history as a store of value. Old habits die hard
Ayobami99
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April 17, 2018, 08:26:16 PM
 #2265

Bitcoin is worth much more than gold today, any one who follows the market knows that. But i think its because btc is unstable in price, it makes investors quake that is why many still prefer gold

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April 17, 2018, 08:50:09 PM
 #2266

Gold, bitcoin , brilliants and other stuff people used to invest in are the same but bitcoin have no value in real life. It's the main factor that making people saying that gold is better.

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April 17, 2018, 09:11:45 PM
 #2267

On my opinion people would rather believe in gold becouse they were used to estim gold for a centuries, but bitcoin only appears few years ago!
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April 17, 2018, 09:36:57 PM
 #2268

They just say it because they do not know what Bitcoin is and the true value of Bitcoin. For me, Bitcoin is better than Gold in the long run. Yes, they may both have limited supply. But Bitcoin has more of use in the future than Gold. Because Gold can be replaced by silver, but can never be replaced by any other coins.

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April 17, 2018, 09:53:20 PM
 #2269

It depends on the situation because we all know gold will never lose its value for a long period of time because since old days we are trading gold as a medium of exchange while bitcoin is very volatile you can either earn big or lose big if you don't know how to track its prices, same goes to cash it stable because its legal tender and can be use anywhere but its value cannot be compared to gold.

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April 17, 2018, 09:57:11 PM
 #2270

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?

It was really hard to spend bitcoins because you need to find some exchanger that will convert your bitcoins into fiat in order to purchase online items like in amazon but luckily, amazon today is accepting cryptocurrency method and it was a very good sign that bitcoins is slowly being accepted by the community.

Tapyaks72
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April 17, 2018, 10:06:18 PM
 #2271

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?

It was really hard to spend bitcoins because you need to find some exchanger that will convert your bitcoins into fiat in order to purchase online items like in amazon but luckily, amazon today is accepting cryptocurrency method and it was a very good sign that bitcoins is slowly being accepted by the community.
As time goes by development of crypto currency will progress as this time business establishment will accept bitcoins but for gold I don't if there are business establishment who will accept gold. That’s the difference between gold and bitcoin.

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April 17, 2018, 10:29:54 PM
 #2272

I also think if gold is still better used for investment. because in addition to continue to exist, gold prices are also more stable and often rise than the bitcoin price. just imagine, if we buy gold now and save it for the next five years, already on the sure price of gold will rise again. and maybe very expensive depending on the quality of gold. it's just that gold can be exhausted, and maybe lost if it continues to be taken from the earth.
andreyka10
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April 17, 2018, 10:51:21 PM
 #2273

To date, it is too early to say that bitcoin is more expensive than gold and society instead of gold choose bitcoin, because the world is not ready to accept cryptocurrency.

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April 18, 2018, 04:14:22 AM
 #2274

The foremost plausible reason i can think of around why individuals say gold is still way better compared to bitcoin is the reality that gold has shape. It's physical, unmistakable and valuable that has been around for the past a few a long time. Bitcoin on the other hand is still very modern and i wagered on the off chance that you inquired any arbitrary stranger on the road a approximately bitcoin, i can say that not numerous will be able to know around bitcoin(as what i have experienced). Attempt to see both like this: Think of a doomsday/apocalypse like situation. Since gold is physical, it'll still be there though bitcoin being computerized, will vanish with innovation.
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April 18, 2018, 04:34:50 AM
 #2275

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?

It was really hard to spend bitcoins because you need to find some exchanger that will convert your bitcoins into fiat in order to purchase online items like in amazon but luckily, amazon today is accepting cryptocurrency method and it was a very good sign that bitcoins is slowly being accepted by the community.
As time goes by development of crypto currency will progress as this time business establishment will accept bitcoins but for gold I don't if there are business establishment who will accept gold. That’s the difference between gold and bitcoin.
Of course we rarely see that business funding comes from gold directly, but we can see the fact that many companies buy gold for assets and this is certainly safer than anything including bitcoin.

andygloster1
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April 18, 2018, 04:55:40 AM
 #2276

Because gold has a physical equivalent. It can be touched, seen. With Bitcoin, it's not like that. Therefore, it is hard to take it. But it is worth recalling that the economy is a fake science. And money is in fact a means of exchange, but with every year we see less and less cash. They are also only on the screens of monitors. So I think it's no different

lantan81383628
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April 18, 2018, 05:08:01 AM
 #2277

The main reason is the preconceived notion that gold has existed in the world for a long time, and people are used to using gold as a measure of wealth. Although the actual use of bitcoin is more convenient than gold, most people still think gold is better.
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April 18, 2018, 05:13:15 AM
 #2278

The main reason is the preconceived notion that gold has existed in the world for a long time, and people are used to using gold as a measure of wealth. Although the actual use of bitcoin is more convenient than gold, most people still think gold is better.
Gold is better than bitcoin which is the correct thing. Gold is a value that can last forever. But bitcoin can not last forever because bitcoin runs on the platform of technology. If it was a technology then it would not survive long.
ibininja
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April 18, 2018, 05:16:26 AM
 #2279

Gold preserves the price. Unlike crypto which highly volatile at the moment. Gold basically protects you from all of that.

Also Gold is more demanded than crypto; I think I can safely say that every human adores gold.

kolitski
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April 18, 2018, 05:22:49 AM
 #2280

Those people who are didn't know about bitcoin that is why they say that gold is much better but if they know about bitcoin i think their mind will be change because in bitcoin anytime or everywhere you will be rich here in crypto.

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