Why people says gold is better?

[mongkie]

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?

its just a matter of time.
gold is easier to spend because it is way older than bitcoin and it is established currency for over millennium.
in today's fast pacing society, it is more easier to spread knowledge and it is easier to transfer 1 bitcoin than 1 bullion of gold.

[ahmadakbari]

Gold is less riskier than bitcoin that is all, but in-terms of profit bitcoin is the king.

Gold is less risky and stable in price, because it is known by all the people and it is accepted by governments. This the also the future of bitcoin.

[SHUNNO]

In my reference there are more men considering interests in technology and back that there's in the estrange ahead inadvertent of women not bodily that operational in bitcoin most women I have spoken to roughly bitcoin I just see their eyes glaze behind again until you start mentioning prices and how much it has grown in the last couple of years.

[unknown-user]

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?

Maybe they are saying that Gold is a better investment because it is having a dtablearket value compared to.Bitcoin which price.in the market is bolatile. Bitcoin is also.not yet legal to most of the countries.which is unlike gold that is considered as a global investment so investors can easily use it whenever they would want it to.

[mobilestrike]

I think some people say that because gold is the first one to come up and it's already trusted now by a lot of people another fact is that it is already recognized by the government and there is a lot of law regarding to gold, but there's no need to worry bitcoin is just starting and i know that sooner it will surpass gold in a lot of way except the fact that gold is tangible unlike bitcoin that is digital.

From the past gold is more valuable people use gold for bargaining and investment. But now you are right mining gold need a real high capital and employees to do so. But now in this digital world bitcoin is more valuable than gold in all aspects. Mining in bitcoin far better than gold. Investing in bitcoin far better than gold. I should tell the people if someone tell me gold is better or bitcoin. I will told them bitcoin is better and that is a fact.

[triettman]

The people who giving more importance for safety then the gold is the best option to invest. But if people gives more importance for profitability the best option is bitcoin. There is a risk held on it I'm agreeing that but it is the best way to earn more money in a single investment by careful handling of Bitcoin.

[StarofBTC]

maybe because bitcoin is virtual and they are afraid of being scammed. people put their trust on the things that is visible to them and living its worth since then.

Both are not to be compared. Both have their own characteristics and both are giving their own benefits. If we talk about price then gold has a stable price and is accepted all over the world while the worth of bitcoin fluctuates and is not accepted everywhere. People are favouring both.

If we talk about investment then gold is lengthy process and is needed to be converted to paper money first and when it comes to bitcoin then it is quick to be transferred and gives a high output. It has brought the world to a single platform through internet

[morrisby25]

they say that because the introduction of digital currencies is not so well digested, and usually people like them can only or believe in investing in gold, which they consider to be profitable in every year, whereas if they invest in bitcoins other than the ease of transacting bitcoin can provide an advantage at all times,,but they do not know that

Bitcoin and gold both are not comparable both are different in it category itself. Gold is precious metal and ornament Bitcoin is cryptocurrency so don't confuse yourself. Bitcoin can be used as investment giving good multifold returns where you hold your investment in gold it wont appreciate like bitcoin returns.

they are juxtaposing bitcoin and gold as a place to invest .. not as an asset ,, both can say where investing .. but only differ in profit, bitcoin is more flexible while gold is more stable

Those how say that gold is better, they does not about bitcoin really well and the qualities of the bitcoin. They thinks that gold is valuable from very long time so it is better while they does not know the value of the bitcoin in the modern market and also the rising in the rate of the value of bitcoin. They prefer gold while educated person prefer the bitcoin. Bitcoin is to transfer everywhere in the world while gold transfer is not easy abroad. The security of gold is not easy while you can save your bitcoin with a single secret password.

[diegodos]

they say that because the introduction of digital currencies is not so well digested, and usually people like them can only or believe in investing in gold, which they consider to be profitable in every year, whereas if they invest in bitcoins other than the ease of transacting bitcoin can provide an advantage at all times,,but they do not know that

Bitcoin and gold both are not comparable both are different in it category itself. Gold is precious metal and ornament Bitcoin is cryptocurrency so don't confuse yourself. Bitcoin can be used as investment giving good multifold returns where you hold your investment in gold it wont appreciate like bitcoin returns.

they are juxtaposing bitcoin and gold as a place to invest .. not as an asset ,, both can say where investing .. but only differ in profit, bitcoin is more flexible while gold is more stable

Those how say that gold is better, they does not about bitcoin really well and the qualities of the bitcoin. They thinks that gold is valuable from very long time so it is better while they does not know the value of the bitcoin in the modern market and also the rising in the rate of the value of bitcoin. They prefer gold while educated person prefer the bitcoin. Bitcoin is to transfer everywhere in the world while gold transfer is not easy abroad. The security of gold is not easy while you can save your bitcoin with a single secret password.

The bitcoins can manage whales as they please. Gold is a resource that you can touch that has value globally and its exchange rate does not jump, from a few people who will want to take profits.

[Bonakid]

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?

Both of them have the differences and a good quality that rendered us a service.Gold is an object that we can touch it has also a high value that cannot be depreciated.I could say bitcoin is like gold and has a better  importance because of its value that increase every minute ,we can used it as payment system and though its value is volatile many investors are always excited to check the price.Bitcoin is better than gold but I hope it will be forever in cryptocurrency.

[seanskie18]

They said gold is better than bitcoin because when they keep gold in many years the amount or the price of that will be double or triple in the future but the price of bitcoin will be just the same in the future.

[mintomia199]

in my opinion bitcoin is better than gold.but some people says that gold is better.the reason behind this is gold tangible and it has a lot usage.many people are especially women are using gold as ornament.but i think soon they can realise that bitcoin is better than gold.

[anume123]

Im going to bitcoin too nor for gold because gold ia central bank manage the value of gold if they like to increase they increase but bitcoin is have a own marketcap if plenty of consumer in bitcoin the value of bitcoin increase not like gold. So for me much better for bitcoin and not hassle to carry.

[cokkapaga]

but gold is not a good investment than bitcoin. The price of gold is stagnant or stable
if do you want to investment the best choice is bitcoin. possible you can get a lot of profit.

[Alexnelepa92]

Let's say you want to pay for any purchases using gold. No one just will not do it, because once there is lots of problems. After all, you can't just nip off a piece of gold. You must complete the transaction in a single equivalent. For example, the transaction 200 000 dollars will be equivalent to 5.5 kg of the precious metal. But to cover the transaction this amount of metal, it is first necessary to declare, continue to pay for storage, pay all fees for crossing the border (especially if you pay for a product that is in another country) and so on. We are not talking about costs to the authenticity, security and insurance. It will be even some additional expenses in order to carry out the transaction, paying for it with gold.

Many sellers will not agree on this, because until recently gold was forged, replacing it with tungsten. It is also possible you will have to spend money on the conversion, because not everywhere will accept metal as payment. Summing up, to make the above deal, you will have to spend an additional almost 1 kg of gold.

As for Bitcoin, everything is much easier. Transactions with crypto-currencies occur instantly. Payment by bitcoin is not limited, and there is no need to convert it to pay for the goods in another country. To pay with bitcoin, you only need to know the password of your wallet. And remember it is easy and simple. To pay with cryptocurrency, it is not necessary to carry it across the border. All payments happen via the Internet. Moreover, now you can make the payment even from the screen of your mobile phone.

[Zebra.Guy]

Let's say you want to pay for any purchases using gold. No one just will not do it, because once there is lots of problems. After all, you can't just nip off a piece of gold. You must complete the transaction in a single equivalent. For example, the transaction 200 000 dollars will be equivalent to 5.5 kg of the precious metal. But to cover the transaction this amount of metal, it is first necessary to declare, continue to pay for storage, pay all fees for crossing the border (especially if you pay for a product that is in another country) and so on. We are not talking about costs to the authenticity, security and insurance. It will be even some additional expenses in order to carry out the transaction, paying for it with gold.

Many sellers will not agree on this, because until recently gold was forged, replacing it with tungsten. It is also possible you will have to spend money on the conversion, because not everywhere will accept metal as payment. Summing up, to make the above deal, you will have to spend an additional almost 1 kg of gold.

As for Bitcoin, everything is much easier. Transactions with crypto-currencies occur instantly. Payment by bitcoin is not limited, and there is no need to convert it to pay for the goods in another country. To pay with bitcoin, you only need to know the password of your wallet. And remember it is easy and simple. To pay with cryptocurrency, it is not necessary to carry it across the border. All payments happen via the Internet. Moreover, now you can make the payment even from the screen of your mobile phone.

Transactions with crypto-currencies occur instantly - people keep repeating that slogan while it is totally not true. Have you tried to transact bitcoin recently or you are just saying something you heard?

[coinmgnet]

Gold has been the standard currency since the beginning of time. Paper money and shares of stock would be rendered useless in times of war. In ELE or Extinction Level Events, even bitcoin would be useless. Have you seen Doomsday Preppers? Gold is the standard.

Indeed, gold has a history while Bitcoin is rather new.

[dx_twisted]

GOLD - Started centuries ago (around B.C). A tangible asset which you can hold physically.

BITCOIN - Created and circulate throughout the Black Market in 2009. An intangible asset, which you can't feel, see or hold in a physical standpoint.

Throughout the years, Gold demonstrated its reliability, it has been a trading material in exchange of goods ever since. And up to this day, there are dealers and investors still appreciate to use it as a form of luxury and state of life. It has also responded quite well to supply and demands. The main reason why its value doesn't fluctuate to greater heights compared with other investment commodities such as Bitcoin.

While there are more people gained interests to invest in Bitcoin. It could not cope up with the continuous demand due to its limited supply of 21 million coins. Also, Bitcoin was not created as an investment. It is supposed to be an alternative currency that you can use to buy the things like what physical money and credit / debit cards can do.

[mayidid]

Im going to bitcoin too nor for gold because gold ia central bank manage the value of gold if they like to increase they increase but bitcoin is have a own marketcap if plenty of consumer in bitcoin the value of bitcoin increase not like gold. So for me much better for bitcoin and not hassle to carry.

I agree with you, since Bitcoin is still basically new and hasn't really gone mainstream yet, we are still in the early stages of it's growth. I think there is a lot of potential for Bitcoin whereas gold is already established and it is less likely to have a huge increase in value. Basically Bitcoin is riskier, but has more potential for a big increase in value.

[BigTeeths]

I'm very certain that it's either they don't like or have bitcoin or they have so much gold in their huge vaults. Gold is a good asset to have but bitcoin is still a whole lot better in comparison.