Why people says gold is better?

[mabell943]

maybe people says that gold is better because it do have it's physical apperance. On the pther hand, bitcoin is interestingly paperless! No physical appearance to show other than cashout.

[BitcoinPaw]

Gold is very trusted for old generation and many people know that gold is base of fiat currencies. It is stupid to say that gold is bad as asset cause many times our parents made money.

[jamirrah]

Off course, practically wise gold is really better for gold's future when it comes to price, supply and demand is much stable than any other alts and even bitcoin. Alts future even how good the project is has no assurance of bigger value after couple of months or years because it merely depends on the trading volume it has in market. Gold for sure would appreciate in price in future for the reason that supply is continuously diminishing while demand retain because gold is use by many industries and individual.

[zentdex]

Gold was the best venture yet bitcoin has changed the attitude of individuals and now all are going toward bitcoin in light of the fact that they don't perceive any high benefit in gold and that is genuine gold costs are steady and nor falling neither rising yet bitcoin costs are rising and who knows where they will stop and this is drawing in individuals toward bitcoin and individuals are keenly changing from the old strategy to the new ones.

[Shitcoins Whale]

There are people who say that gold is better and people who say Bitcoin is better. The people who say that gold is better are arguing that gold has a 5000 years of history as a store of value, Bitcoin a bit less.

[klamz]

My biggest problems with gold:

1) For many, gold is a hedge against governments and financial systems blowing up the economy. Hyperinflation, devaluation of assets, or even currency default. While governments and banks are extremely leveraged around the world and could be susceptible to a global financial meltdown, I find it unlikely gold will be the protection people expect. The largest owners of gold are governments, who would be forced to liquidate some or all of their holdings in such a case - which would have a massive effect on the price obviously. There is also precedent for governments (even in the US) seizing gold. The populace would likely be more inclined to accept a new currency (i.e. reboot the system) than to revert back to a gold standard.

2) Physical gold is hard to use for trade. It's hard to give someone an exact measurement of gold without using coins - and then you have to trust that the coin is authentic and that it is of a denomination small enough to use for trade. Not to mention many gold proponents do not own or use physical gold, but rely on gold securities or an idea of gold securities in an investment account (which doesn't protect against a lot of the end-of-the-world or financial system meltdown ideas those people like to talk about).

3) Gold is valuable because out ancestors liked it? I just never got why gold is worth anything beyond it's utility as a metal. I don't put weight in "it's just always been valuable". Things change. We already see gold has lost a lot of its luster (pardon the pun) with young people.

4) Gold is "scarce"? Supposedly, a lot of gold's value is that it is scarce. I would argue it's not that scarce at all. But even if we say it is, we don't control that scarcity. What happens if we find a huge supply tomorrow that doubles the available supply?

Bitcoin is a far better option for storing and transacting wealth than gold. And I would argue it's a much better hedge against government/financial system worries.

[oli123]

Gold has been trading for thousands of years. It is used in various sectors (trade, jewelry, industry, etc.) and has its value for a long time. That's why people trust him more.
On the other hand, the bitcoin is decentralized and not controlled by one institution, and I like it the most at bitcoin.

[Skieleton]

4 reasons why analysts consider gold to be better:

1. Durability. While both assets require specialized knowledge for the purpose of long-term storage, the gold wins in this battle. Cryptocurrencies are susceptible to shackling. Hackers can hack into the virtual investor's portfolio even by the user's smartphone. In addition, they are subject to regulatory risk and are exposed during any network crises.

2. Easy to carry. Moving from place to place of gold can be expensive, given its importance, the need to ensure a high level of security and to pay a high import tax in some countries, such as India. In contrast to gold, Bitcoin is much faster and cheaper.

3. Value. There is a limited amount of gold and other precious metals in the earth's crust, while in the case of cryptocurrencies it is easy to create alternatives. And that means that there is no effective control over the supply of assets at the macroeconomic level and we can not talk about the value understood as one of the rarity or finesse elements of a given asset.

4. Unit of account. Gold better holds purchasing power and has much lower daily volatility. In 2017, volatility on bitcoin is almost seven times higher than on gold

[First77]

Gold is a much safer investment but it won't make you rich unless the world falls into chaos. Keep in mind that I am referring to physical Gold and not the one that's being traded online.

Iran fires 7 missiles. It's on twitter  

[Edain]

The real value with cryptocurrencies lies with their blockchains. At the beginning of August, following a soft fork that saw bitcoin separate into two separate currencies (bitcoin and bitcoin cash), bitcoin's blockchain was upgraded. This upgrade moved some information off of bitcoin's blockchain in order to boost capacity and transaction settlement times, as well as reduce transaction fees, in an effort to attract enterprises.

[Nerman]

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?

For me people are choosing gold because it is a safer investment. Everyone knows gold, No one would deny that gold's value will increase more because every year fewer gold can be mined. Although Bitcoin had that same characteristics many people still do not understand Bitcoin. Many Financial experts do not have a positive view on Bitcoin and people are still considering investing in Bitcoin is very risky.

[BlackBeauty]

4 reasons why analysts consider gold to be better:

1. Durability. While both assets require specialized knowledge for the purpose of long-term storage, the gold wins in this battle. Cryptocurrencies are susceptible to shackling. Hackers can hack into the virtual investor's portfolio even by the user's smartphone. In addition, they are subject to regulatory risk and are exposed during any network crises.

2. Easy to carry. Moving from place to place of gold can be expensive, given its importance, the need to ensure a high level of security and to pay a high import tax in some countries, such as India. In contrast to gold, Bitcoin is much faster and cheaper.

3. Value. There is a limited amount of gold and other precious metals in the earth's crust, while in the case of cryptocurrencies it is easy to create alternatives. And that means that there is no effective control over the supply of assets at the macroeconomic level and we can not talk about the value understood as one of the rarity or finesse elements of a given asset.

4. Unit of account. Gold better holds purchasing power and has much lower daily volatility. In 2017, volatility on bitcoin is almost seven times higher than on gold

Some people invest their money in gold and they hold their money for best profit but gold price is not increase as like they want because its price is very slow increase, but i think they didn't know about bitcoin investment because if they know bitcoin so they will never invest their money in gold, that's why they choose gold for investment.

[ranz_18]

Gold is popular both in old and our current generation. Gold is better compared to crypto currency's in terms of durability, security, and well accepted into fiat currency conversion. While in crypto currencies, risk is always present. We can not assure to ourselves that the investment we made is safe. But when talks about profit and easy money, bitcoin is better than gold when it talks about this matter. That's my thought.

[Mr A]

Gold and Bitcoin are different terms....
I think the  main reason is that no one hacks the gold but Bitcoin can be hacked..

[First77]

Gold is popular both in old and our current generation. Gold is better compared to crypto currency's in terms of durability, security, and well accepted into fiat currency conversion. While in crypto currencies, risk is always present. We can not assure to ourselves that the investment we made is safe. But when talks about profit and easy money, bitcoin is better than gold when it talks about this matter. That's my thought.

Gold $1350/ounce. Silver $18/ounce.  Why would anyone buy Bitcoin at $3000 ??   

[Giebaymax]

if you look at the price of gold from the first time until now did not experience such a high price increase but this makes people prefer to invest in gold while the bitcoin from every second it has an erratic movement and now bitcoin already has a high price but may also be down

[First77]

if you look at the price of gold from the first time until now did not experience such a high price increase but this makes people prefer to invest in gold while the bitcoin from every second it has an erratic movement and now bitcoin already has a high price but may also be down

China bank is buying 300 tonnes Gold  

[Addywealth]

Gold is better bitcoin, gold is a natural resources which can transformed to several commodities, it is renewable and can not be manipulated while bitcoin is man's initiative. Bitcoin can be manipulated.

[First77]

Gold is better bitcoin, gold is a natural resources which can transformed to several commodities, it is renewable and can not be manipulated while bitcoin is man's initiative. Bitcoin can be manipulated.

for all the gold and silver live price, updates, news, best buy offers and more.. See my twitter link   

[dimonstration]

if you look at the price of gold from the first time until now did not experience such a high price increase but this makes people prefer to invest in gold while the bitcoin from every second it has an erratic movement and now bitcoin already has a high price but may also be down

exactly this is more on how they may see that gold are always increasing but not as gradually increase unlike in bitcoin in just in a very short period of time it was been increase and now been compared by gold.