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Author Topic: Why people says gold is better?  (Read 11638 times)
ArnoldChippy
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March 17, 2018, 01:31:25 PM
 #1761

People says it because gold is their example of investment. Because gold is a very precious metal that everyone know and it has stable price while bitcoin is not known by everyone. So I think that is one of the reason they people says gold is better than bitcoin.
Everyone has their own thinking, but to me being trader i will like to say that bitcoin is more better than Gold, because the profit tat we can get from bitcoin cannot possible from gold, although there is also risk  involve in trading bitcoin but still i would like to say that if a person want to earn money he must take the risk, without risk it is not possible to make money. While gold is only best for holding your assets.

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March 17, 2018, 01:53:12 PM
 #1762

I think there are 4 basic reasons.
Durability: While both require expertise for correct long-term storage, gold wins because cryptocurrencies are vulnerable to hacking through online wallets or the user’s computer or smartphone, are subject to regulatory risk, and network and infrastructure risk during a crisis.
Portability: Transferring bullion can be expensive, given its weight, need for a high level of security and high import taxes in some countries, such as India. In contrast, it’s much faster and cheaper to move bitcoins.
Intrinsic value: There’s a limited supply of gold and other precious metals in the Earth’s crust, whereas in the case of cryptocurrencies, it’s easy to create alternatives, meaning there’s effectively no control over supply at a macroeconomic level and no intrinsic value due to rarity.
Unit of account: Gold is better at holding its purchasing power, and has much lower daily volatility. Bitcoin/dollar volatility has averaged almost seven times that of gold in 2017, the bank said.
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March 17, 2018, 02:09:37 PM
 #1763

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 that the reason for it is that it is solid and deeply rooted. Bitcoin has been used only for a few years, but gold has been used for hundreds of years. In addition, the values of currencies have been calculated in gold over the past years. I think it is a fairly dead investment in the short term I invest in gold. It is important to remember that Bitcoin is the gold of the crypto money market. For that reason, it is more difficult to make a clear analysis on this subject and to evaluate it as a questionnaire.
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March 17, 2018, 04:34:04 PM
 #1764

Because of value that gold giving to an owner. People who think that bitcoin is better just because of higher price are honestly idiots at my opinion.

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March 17, 2018, 05:20:31 PM
 #1765

i think that gold is better.becase Gold will still be a valuable item. If gold can not be used in everyday financial transactions then it is a normal thing.In ELE or Extinction Level Events, even bitcoin would be useless. Have you seen Doomsday Preppers? Gold is the standard.
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March 19, 2018, 01:02:15 PM
 #1766

Becuase Gold help's people. gold make's people happy, gold help people to there problems, gold help people to a better future. So that people says gold is better....
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March 19, 2018, 05:40:01 PM
 #1767

Gold and bitcoin have differences, gold has a high value and stable price. While bitcoin is a digital currency and is not shaped but the value is equal to the price of gold so I think gold remains more valuable than bitcoin. and bitcoin is unstable because the current price falls

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March 19, 2018, 05:51:46 PM
 #1768

Cause they know gold for longer time and most of people don't know how crypto world is working and how much it can show in near years, gold was first and you can touch it cause it is material, that is why most of people believe in this part of putting savings.

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March 19, 2018, 06:52:03 PM
 #1769

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?

We all have different opinions but for me bitcoins still better more than gold. Bitcoin is obtainable by any people and it is a digital currency that you can convert on fiat anytime while gold is an asset and you cannot just simply trade it for money.
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March 19, 2018, 07:40:00 PM
 #1770

People's thoughts are not the same, some say gold better, some say good bitcoin.
Chances are people say gold is better than bitcoin because gold is a real asset and is shaped and valuable. and the most prominent reason that gold is more familiar to people than bitcoin.
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March 19, 2018, 08:24:45 PM
 #1771

People's thoughts are not the same, some say gold better, some say good bitcoin.
Chances are people say gold is better than bitcoin because gold is a real asset and is shaped and valuable. and the most prominent reason that gold is more familiar to people than bitcoin.
but you Imagine a situation where there will be no electricity for the Internet, then what will hurt me, Bitcoin air and gold? Apparently people know that gold has a physical body and it can be held in hands.

]
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March 19, 2018, 09:20:51 PM
 #1772

They say gold is better because it has value that can be use in any time in any place , from the moment of history gold is always the number wealth in every people but it does not gain or profits compare to bitcoin in which it will profits as much as you target to reach because bitcoin is circulating as investments in the market of digital exchange.

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March 21, 2018, 02:08:54 AM
 #1773

Many factors Most likely they will not accept gold payments because in terms of gold, they do not understand many pounds, the original gold content or not, and for resale requires a convoluted process. It takes time to restore capital or profit.

Why do people say gold is better ? Because gold is a precious metal which is one of the investment products that have been famous since ancient times until now, for reasons of security and promising benefits. In addition to the profits, gold is the only investment that avoids the tax because it is categorized as raw materials and is recognized by all governments across the country.
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March 21, 2018, 03:06:07 AM
 #1774

I think gold will forever be the best, the main reason for the physical gold so that all the five senses can feel the gold, while bitcoin only depends on the internet so without the internet then can not use bitcoin.


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March 21, 2018, 03:54:13 AM
 #1775

Compared with the price of BTC, the price of gold has plummeted, and the price of gold is relatively stable!

And the economy of gold is very big, not easy to be controlled!

Gold is a material form that can be seen and seen!
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March 21, 2018, 03:58:44 AM
 #1776

I think gold will forever be the best, the main reason for the physical gold so that all the five senses can feel the gold, while bitcoin only depends on the internet so without the internet then can not use bitcoin.
that is very correct. from the past, until now the gold is always in the search by everyone, because it is very valuable. well, in addition to having intrinsic value, gold also looks very luxurious, so for the public, gold is better than bitcoin

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March 21, 2018, 04:11:28 AM
 #1777

Yes gold is better to bitcoin in the way of stable price but you can't have it if you are not a rich ones it is hard to trade also if you are have not a knowledge of using it that's why I don't have a gold in my place and I don't know how to use that in the market that's why it is better to me to use bitcoin for my own.
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March 21, 2018, 04:15:37 AM
 #1778

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?
Try to see from a different angle, I mean gold is not an easy to use payment tool because sometimes we need a letter or a proof of ownership, but on the other hand gold has little risk because the gold value is quite stable and often used as a place to store assets.

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March 21, 2018, 04:19:18 AM
 #1779

Because 50% of all people have IQ lower than 100.  Undecided

majority people doesnot sure a virtual
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March 21, 2018, 04:47:49 AM
 #1780

 Because they do not know about bitcoin.gold is easier to sell.and certainly profit though not as big as bitcoin.
If they knew about bitcoin, they would shift their assets to bitcoin
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