Why people says gold is better?

[Francissco12]

I have heard many people say that it is much more profitable to invest in gold than doing it in bitcoin or altcoins, apparently it is because precious metals usually have a set price that hardly falls, its an asset that has been operating in the market for years. Finance and has not had as many government limitations as in the case of cryptocurrencies, in addition to the fact that currently the value of gold has been growing, contrary to the value of the cryptocurrencies that have gone down.

[phr0stbyt3]

You cant compare both gold is valuable for many people because of their status , many people purchase gold as to show that they are rich and they also have a status. On the other hand bitcoin is bought so people can quietly make money it is for people who believe that bitcoin is more profitable

[10000BTC]

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?

They say gold is better because the can feel and touch gold but you cannot say the same to BTC.

the old folks are finding it hard to believe how the young guys a turning into millionaire overnight.

This is a hard to believe thing.

[Boysen]

For me, the reason for this is simple, unlike bitcoin, Gold's value in the market is stable for a very long time and it has been a recognized material in the market that it was even used as a basis for determining the value of most national currencies in the world. They believe that bitcoin has a bleak future and that it's high volatility rate would soon be its downfall.

[Icaraswipeout]

Both gold and BTC are a convention between people, considering that it has got a specific value.
Gold is a convention that has got several thousand years, BTC just a decade.

A convention worth by the number of people and the time period it has been shared.

[dragoz11]

Gold has been in its physical value which is very hard to be produced and maybe impossible is the reserve money for fiat currency, can be used in engineering as a conductor and you can melt it and use again many times.

[Urbinklin]

Because we are accustomed to gold, the trade of all our ancestors was carried out with the help of it. Bitcoin is a new, forward, fresh direction, and not everyone can yet understand its power and prospects. Therefore, some prefer gold. For reliability.

[BountyX]

Beyond the little fact that gold has 5000$ of history as a store of value, which is difficult will get obliterated, gold will probably spare you the experience to see it a 20,000$ one day and at 8000$ a few weeks later.

[Crazygreek]

Many times i heard from people the same thing and i agree. Gold was always stable and transparent thing without underwater rocks like bitcoin have.

[Thanasis]

The only reason is due to its stability but the bitcoin price is too volatile,The price of BTC before a month was around $19K but now it is $9K that is a very huge difference occurred in just small time interval.But there is never chance likely to happen with gold.

[Zentor]

People are more likely to believe in the currencies they can touch. Only near 15 years ago I saw people who did not trust to electronic payments

[Lingesh]

Gold is in our hands, the value is always increasing but Bitcoin value is volatile so peoples believe gold.

[weston4mills]

People think gold is better only because gold is more stable now. It will be brighter days when the bitcoin becomes stable too

[kadutz25]

I think why people say gold is better, maybe because gold has been a stock or asset since time immemorial and gold has popularity then gold is better but if we have money of course we can buy gold but gold can not buy money, can only be sold so i think gold is no better

[bitvelk]

Because gold has a stable price, it is also considered more reliable. But it is very difficult to make money on it, it is rather an investment. But bitcoin, in view of its unstable prices, allows not only investing in it, but also earning money.

[bigbosma]

I still prefer to keep some of my capital in gold, somewhere around 30%. And before the appearance of bitcoin in my life, all my money was invested in gold. But bitcoin seems to me more promising in the sense that you can earn on it faster, unlike gold.

[Tiktik]

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?

They say gold is better is because of it characteristic.Gold is a real thing that you can see or touch. While bitcoin is only inside your computer or cellphone. Maybe the reason is some people see gold as a real asset because gold is in their hands.

[Sumo]

Until recently, I myself considered gold to be the most reliable investment. However, it remains, but bitcoin is not inferior to gold. A significant difference in favor of bitcoin - the speed with which you can make money. Gold you use as a kind of bank, just for the safety of money. But with bitcoin, you can become very successful and rich.

[EnaksiS]

Because in this world, caos is everywhere and if world war 3 happens, gold will be de only value thing like was world war 2. You can escape with gold, you can die with your mew adress

[ovcijisir]

Lol I think gold is valuable because of tradition. You also I don't have to be computer literate to trade gold for something.

And good thing with gold as a means of trade - it works without internet too.