Why people says gold is better?

[SteshaScott]

Gold prices are kept down and suppressed. I don't think Bitcoin can be manipulated liket gold can and nobody wants to carry around a gold bar or two or coins.

[Viellefox1025]

Gold is physical by nature unlike cryto/bitcoin is a digital currency with no physical counterpart. It easy for people to trust things they can see and hold. As the saying goes “to see is to believe”

[Mayapurnamasariazhari]

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?

Indeed it was clear if freight main most glorious gold for all people with lives. Then gold was already very apparent goods categories entry price at the world not just in a particular country.

[mlgblockchain]

There was a a time in this earth when there was no money (currency). People used to trade with the products they have. Gold was probably the first currency. Gold is still valuable but not a currency. I think we should not compare a material with a currency. Even if we do, I would agree that gold is better than BTC. At least for the time being. Because the price or value of the gold is stable but the Bitcoin's value isn't.

[baby222]

People like to use gold because it is more stable right now than bitcoin is. Soon the roles it will be changed, bitcoin will replace gold

[TomLynch]

Gold has a very important things of usage as money in more countries. Bitcoin would be more better than gold. Some people say bitcoin is better because investment point of views bitcoin is a very valuable.

[andylowe]

perhaps what they think of is a stable gold price compared to a bitcoin that can not be controlled by anything.

Yes, they always think of a stable price of gold. Because gold is much more stable than bitcoin. But if we will compare golds price and bitcoins price, I think much of this is bitcoin because we cannot control bitcoins price. I guess they think that gold is better because they dont know bitcoin already.

[cofinder]

Gold is commonly considered to be a reputable long-term asset and a proved with time store of value. I recently found an article at coindesk about it,
worth reading - https://www.coindesk.com/bitcoin-gold-better-long-term-bet/
Though Bitcoin has a huge potential and will gain even more value soonest, in my opinion, it is not associated with something stable and, thus, reliable in the long run. It depends on many tech factors as well as on any protective / totalitarian government regulations.
As for me, Bitcoin as the first real cryptocurrency is great but it is still far behind in reputation, popularity and acceptance than gold

[Genosx]

I think the reason behind why many people say gold is better than bitcoin is because of the power it possessed.
The gold is the only currency that will consider by the whole world once the money of the state becomes obsolete or out of value, gold has many uses in our world so I think that is the edge of gold.

[First77]

Plunging US dollar boosts gold’s safe-haven demand

Gold prices have edged up on the back of a tumbling US dollar which, according to analysts, has set the stage for a new bull market for the precious metal. Experts project higher gold prices in the near-term.
The yellow metal was trading at $1,354.65 an ounce as of 10:20 GMT on Thursday, after enjoying its best trading day on Wednesday since June 24, 2016.

"Higher US inflation combined with the US dollar exhibiting zero correlation to higher interest rates amidst burdening duel deficits (trade and budget) should play out favorably for gold markets,” the head of trading APAC at foreign exchange OANDA, Stephen Innes, told Reuters.

The US dollar hit a 15-month low on Thursday, trading at 106.30 yen. The dollar index, a measure of the greenback against a basket of six major currencies, fell 0.5 percent to 88.66.

“I think we could see significant US dollar weakness through the first half of the year,” Bill Baruch, president of Blue Line Futures, told the Street. “The real move in gold is yet to come. I think we could see prices above $1,400 an ounce later this year.”

https://www.rt.com/business

[dvillier]

Mostly people are saying gold is better then bitcoin and yes that is right the reason is that Gold is the most strongest assets of all countries.  Those countries who have large amount of gold then they are very strong financially while gold is the most favorite things and people like to wear it on special functions it is not used only for trading. While Gold is very ancient assets and legal through out the whole world while bitcoin is still new in market as compare to gold and are not still legal in any country.

[wasaisi]

Because they still don't know what bitcoin it is. Gold is knowing before bitcoin and because they can feel it and see that gold. Gold have powered than bitcoin but soon will be changed, bitcoin will replace the gold. Bitcoin can be use in a long term too.

[Super_talk]

Because in the minds of people there was a realization that gold is unshakable, that it is the only guarantor of the currency.

[captin crunch]

I think people cannot understand the idea of crypto in general, and difference between bitcoin and gold, these two are different types of assets, and both of them have there own benefits.

[DoublerHunter]

I think people cannot understand the idea of crypto in general, and difference between bitcoin and gold, these two are different types of assets, and both of them have there own benefits.

The cryptocurrencies are indeed different from the gold because they have a very advanced technology that gold doesn't have and that is why there is no reason for the people to just judge the goodness of the cryptocurrencies because cryptocurrencies can make them rich in just a short period of time while gold needs a lot of time before you get rich.

[indog]

maybe the person's thoughts other than gold can be used for investment, gold can also to decorate and to show off wealth, in other words everyone knows that someone is rich because he wore gold as jewelry, while bitcoin is intangible and can not be on display to everyone , I guess that way.

[Roydgon]

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?

People say that gold is better. Because gold has been valued for thousands of years. Gold can be held in hands, hidden, carried. There is no such confidence in crypto coins from the recent time of their creation. There are many people who have never heard the word crypto coin.

[Joemzz31]

Some people says gold is better because gold was the first tangible asset that our ancestors used when it comes to buying and selling.
So, it is in our culture that we believe that gold is the most powerful when it comes to financial assets. We believe that it has its highest value among the financial assets.

[alizay]

I guess beacuase gold is tangible, "real", so it has the reputation of being more reliable.

[Diced90]

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?

the only thing that makes gold to be better than bitcoin the digital gold is its stable price and of course its recognized in all parts of the world, but when we talk of payment for everyday use gold takes us back to the old barter system which is a no-go area for me, we have advanced with technology and bitcoin will of course be better here.