Why people says gold is better?

[Victorycoin]

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?

That should not have come as a surprise as we see in human nature, some people are too conservative, they would see nothing good in a change even when one is glaringly obvious. At any rate, progressive minded people know that there's a time and place for everything and that no one solution can fit it all, but every solution is an answer to a particular problem. In the light of that, the rivalry between gold and Bitcoin becomes grossly unnecessary. Bitcoin is a virtual asset, whereas gold is a physical asset, the best of both worlds becomes achievable when they work in synergy than when they are having to go solo.

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[Odik_sidik_04]

Perhaps some people assume that the price of gold is always stable. So say that gold is better. But people who have such thoughts are not smart people. But if they are smart will choose bitcoin, although the price up and down. Because when we buy bitcoin in a price the price drops, then we have to wait when bitcoin prices rise in order to generate profits. different from the sale and purchase of gold whose price is always fixed even in the sale and purchase of gold there is administrative cuts.

[IviN*nd]

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?

I think those people saying that gold is better, they have not complete information about the bitcoin. They think that bitcoin is risky because it is an online system over all. While the security of the bitcoin is very strong. Gold is preferred by people with more traditional, conservative way of thinking. For now they are true in making their investments in gold.

[dokai]

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.

[imstillthebest]

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?

That should not have come as a surprise as we see in human nature, some people are too conservative, they would see nothing good in a change even when one is glaringly obvious. At any rate, progressive minded people know that there's a time and place for everything and that no one solution can fit it all, but every solution is an answer to a particular problem. In the light of that, the rivalry between gold and Bitcoin becomes grossly unnecessary. Bitcoin is a virtual asset, whereas gold is a physical asset, the best of both worlds becomes achievable when they work in synergy than when they are having to go solo.

so are you saying that gold and bitcoin must combine in order to become more succesful? how can that be possible? gold is physical while bitcoin is digital therfor i think they cant become together as one but bitcoin does actually have the traits of gold because bitcoin can be used as an asset and at the same time it can also act as a currrency preferably digital currency. yet i think it could be much better if inventors can invent a physical form or type of bitcoin so that it can be used offline just like gold.

[Pandacomel]

Gold is respected throughout the world for its value and rich history, which has been interwoven into cultures for thousands of years. Coins containing gold appeared around 800 B.C., and the first pure gold coins were struck during the rein of King Croesus of Lydia about 300 years later. Throughout the centuries, people have continued to hold gold for various reasons.

1. Unlike paper currency, coins or other assets, gold has maintained its value throughout the ages. People see gold as a way to pass on and preserve their wealth from one generation to the next.
2. Gold has historically been an excellent hedge against inflation, because its price tends to rise when the cost of living increases. Over the past 50 years investors have seen gold prices soar and the stock market plunge during high-inflation years.
3. In previous years, increased wealth of emerging market economies boosted demand for gold. In many of these countries, gold is intertwined into the culture. India is one of the largest gold-consuming nations in the world; it has many uses there, including jewelry.
4. Gold should be an important part of a diversified investment portfolio because its price increases in response to events that cause the value of paper investments, such as stocks and bonds, to decline. Although the price of gold can be volatile in the short term, it has always maintained its value over the long term. Through the years, it has served as a hedge against inflation and the erosion of major currencies, and thus is an investment well worth considering.

[CoinboyBebop]

Peope have trust in gold. Because gold is using since hundred of years as something very valuable and rare. But when you think about it, its useless. You can use small amount of it for electronic parts, and thats it. Its just the trust of centurys why the people think gold is valuable. But gold is the biggest bubble in the history mankind. Nobody knows how much really exist. There are so many banks who owns fake gold. So if you think about it, its crazy that gold can be so much worth.

[kimjin]

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.

[Nakakapagpabagabag]

So people can say that Gold is better at Bitcoins and because of its use in old times.

The Bitcoins we can not touch and tend to lose it,
Gold can be handled and it's hard to lose,

This is just my opinion,

[keeboo]

Peope have trust in gold. Because gold is using since hundred of years as something very valuable and rare. But when you think about it, its useless. You can use small amount of it for electronic parts, and thats it. Its just the trust of centurys why the people think gold is valuable. But gold is the biggest bubble in the history mankind. Nobody knows how much really exist. There are so many banks who owns fake gold. So if you think about it, its crazy that gold can be so much worth.

Exactly, what is important is perceived value. EUR and USD do not have any internal value at all but they are still considered as a secure way to keep your money. Nowadays perceived value of BTC is still low. This fact scares off ordinary people from investing in and using it. If BTC will be widely known and be used for everyday shopping for example it will be considered as something valuable and trusted.

[queenhallmark]

Precious metals remain a relevant asset class in modern portfolios, despite their lack of yield, Investors boost the amount of gold in their portfolio as uncertainty increases, making fear the key medium to short-run driver Wealth is the long-term driver, especially in emerging markets such as China, where growing income levels over the next few decades will support prices.

[jeaniferomambac]

Precious metals remain a relevant asset class in modern portfolios, despite their lack of yield, Investors boost the amount of gold in their portfolio as uncertainty increases, making fear the key medium to short-run driver Wealth is the long-term driver, especially in emerging markets such as China, where growing income levels over the next few decades will support prices.

Maybe they like gold or they say gold is better than bitcoin because in gold they can see and they can touch or handle it unlike in bitcoin and if the grams of gold is cheap you will get a small profit and if the price of it is expensive you will get also a big profit,but if we can see or handled a things theres a possibilty that u loathe of the things you like the most and it's easy to get stolen to the thieves unlike a things that can not be seen which is bitcoin and we should not be worry about it because bitcoin will not gone if we continue using and investing on bitcoin.in bitcoin its easy to have a big mone and this my idea only.q

[Yaiko08]

Why do most people say that gold is better than Bitcoin because its value is gold is more stable than the Bitcoin. and why not make tools in gold buying and selling according to me it is because today is already the official money is more practical.

[bestpikka]

Maybe because the price of gold was more stable than the price of the bitcoin. If the create transaction in my opinion perhaps in ancient wear gold but for this day and age people prefer not receive gold as a tool of the transaction because there is money official as his successor.

[jakoylantern]

For me, people will say gold is better because gold is the most famous and most standard currency in a very long period. We all know that gold is a metal and bitcoin is cryptocurrency. Yes, you can’t use gold to buy something in the market, and some establishment accepts bitcoin as payment. But gold has a standard amount, and many people like investors and company become wealth because of it. Even now many people are willing to have and obtain it. I think we can’t compare bitcoin to gold because they are different to each other even they are same currency. 

[hsjrjkf]

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 can always enter the circulation market. Only when there is liquidity, the goods are truly valuable. And for the digital currency circle, security is very important, but at regular intervals, there will always be some related hacked news.

[loof99]

I think the reason why many people says gold is better because of its have lots of uses and it id the more powerful resources which have a huge monetary value as a money and huge market value as a precious metal.

[daduremi]

Many people seek and buy gold bars because of their unique characteristics in terms of durability, beauty, scarcity and status as a means of exchange and a universal currency over the centuries
Because it is impossible in the future, gold will not sell. unlike fluctuating is bitcoins.
gold remains stable until whenever.

[btsjimin]

I disagree. Bitcoin is better than gold. Through the increasing demand for Bitcoin and price its worthy than gold.

[MD Emon]

People with traditional thinking will always say that gold is better because one can feel it. On the other hand, BTC cannot be touched or felt.