Why people says gold is better?

[jeldzrey16]

The reason why people take gold as a better compared to bitcoin because some people didnt believe in bitcoin like they just take it as a scam  majority those people who never have an experience of aiming bitcoin. But from the mere fact majority of the country are open with bitcoin, like they take bitcoin as their main currency they even build an establishment that sells item using bitcoin. And for us we knew the truth that Gold may have a value but that couldnt buy things because it is not a currency unlike bitcoin.

[Antonina]

this has been changed in the past, people believed that gold is universally acceptable and stable in the world. Nowadays people save their money for investment, and they earn a good amount on these investments.

[chocomartin]

The point of the video that you watched was to show people, in a sardonic way, that BTC can and is already accepted as a form of payment in some establishments. To answer your question, they say gold is better in the context of investment and value. This is because most people prefer to believe in the value of things that are tangible, things that they can physically hold in their hand than a "digital currency" that they have never heard of before. Cryptocurrency is a fairly unfamiliar concept to most people.

[12tribes]

Gold is a valuable metal with high physical value and as such can be used to standardize currencies, however, its value cannot be immediately or directly transferred to obtain everyday goods or service by the ordinary business person.
Bitcoin is the digital currency that has value with both the ordinary and the high deal business person. They both have their place and their usefulness. With the gradual acceptance of bitcoin and its price increase, the bitcoin may find it difficult to be used for little or petty cash transactions......
Imagine if you had 200btc in your account at an asking price of $22,000 to a btc say and you wanted to buy espresso for $10 do you see that the transaction fees could be more expensive than the service itself and so not really worth it......

[Addywealth]

Well, I think the reason people prefer gold to bitcoin is because gold is generally accepted in any country and openly traded in the market why bitcoin is yet to gain acceptance all over the world.

[Ashleybarnes2]

I think the younger generation have a different perspective to those that are older. I think both share suspicion of financial institutions and governments and both are a insurance policy for those two failing. Or not even a hedge, maybe attempts to bring back more sound currency. Gold could be considered better because as a material can be used in chips or on jewellery but value at its most basic level is based on the person projecting the value

[FalcoonRed]

I think because gold is an easy asset to sell, because almost all over the world there are many gold shops especially in modern times can also we sell by way of online shop.

[klebsiella]

For some reasons: Gold has been a long term store of wealth for thousands of years. There is always a ready market for gold. In terms of investment, Gold is much safer and/or less risky. And gold can be used as a jewelry unlike bitcoin.

[haster100]

why they says i don't know.But i think they don't know about bitcoin.they use gold everyday .they think gold is better then anything.But they don't know cryptocurrency is better then everything.gold has a fixed price but bitcoin don't have it.It's have unlimited price.Any parson can get milionair in anytime.So my opinion is bitcoin is better then gold.

[piterpie]

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.

Gold is always a place for people to invest and besides there are many people who want to have a lot of gold, but besides that gold also has more advantages than Bitcoin because gold does not have as much risk as a virtual currency, Compared to Bitcoin we see that Bitcoin may end up in the future, but gold will never end.

[severaldetails]

Gold is shiny! For some reason many people like that, so it is used in the jewelry industry for thousands of years. Bitcoin can look back at a tradition of nine years, which is not really much compared to gold. And then there is the thing that many people only believe what they can see. They can see gold, and a dollar note. Bitcoin has a problem in presenting itself that way.

[Bosx1ne]

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 are choosing gold over bitcoins because they don't have enough knowledge about bitcoin. I am sure that most of the bitcoiners like us will choose bitcoin over gold because we are aware how powerful is the bitcoin.

[Kuya Kim]

I do not know why they say gold is better than bitcoin, while bitcoin transactions are spreading in their midst.
My speculation, maybe they do not know bitcoin or do not know how to use bitcoin, when in fact they admit that bitcoin is better than gold.

In this age of rising technology, bitcoin will be a staple in the future. Everyone is doing everything online now. And it would be much better for everyone to invest and have their virtual coin ready for the future. Gold is still valuable but in terms of investing.. bitcoin is more profitable now.

[syahdurindu]

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?

Everyone has their own opinion, people who say gold is the best because they think gold will not be replaced because gold is a gift given by God, while bitcoin is created by humans and can be replaced when it is no longer needed by humans. . .

[Toroko]

Maybe they just like what gold looks like

[surfinonmyownwavebaby]

It is for one of two reasons and that is either because they are confident with gold (because it has been around much longer) or because they are ignorant about what Bitcoin is. Generally it is a combination of the two, but some times you will have somebody who is closed minded and those people you don't want to have a conversation with anyways.

[CannonWarrior]

I think the reason why many people still keep saying that gold is better from its physical substances that it possesses through this many people still charm in the characteristics of gold

[Desperaboss]

Gold has been valuable for centuries. It is physical matter with a natural scarcity by its own. In my opinion gold isn´t better per se but it is more common in acceptance and is more trusted.

[nakamura12]

The spending is not the real issue here. If you walk into any shop now and you offer people Gold as a payment option, then they will not accept that. < They do not have the knowledge or equipment to test it or to weigh it and to figure out what it is worth > Yes some Pawn shops might exchange it for cash, but they are the exception.

Bitcoin is also not the most ideal "payment" option, because there is still some scaling problems and not all merchants know about Bitcoin yet and their systems might not be ready to process it. <They can use payment processors, but they will have to register with those services first>

I agree with you there, it's hard to check if the gold you pay is real or fake in order to prove you would need a gadget to test the gold so it means that it will cost you more for the gadget and their profit target will be harder to achieve. They said gold is better because no one can scam your gold when you keep it yourself. Later on if gold would increase it's price when you sell it then you'll earn more money.

[Lebrianso]

Gold is not money at the 1 sense of begin , only good , because its are precious metals, rare, corroding resistance, highschool temperature resistant (a true Au fright not the fire early Monday), hard, partition , gave birth to sweetener , are more likely to service as a value scale, medium of exchange, and store of value, is used by area to as a readiness of all roads tether to Rome. This is the result of a natural pick of food market .