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Author Topic: Why people says gold is better?  (Read 11706 times)
Kadal Ijo
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March 29, 2018, 05:18:22 PM
 #1961

There is no doubt that gold is the best investment in the world, if I have $ 100 billion then I will put 50% into gold, this is because gold is acceptable all over the world, even when recession or big war gold is always worth.

Stimah12
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March 29, 2018, 05:31:20 PM
 #1962

Before we can agree or disagree, we need to know the advantages of investing in gold to Bitcoin.
God has a relatively low supply hence, it's has low volatility,
No counterparty risk when invest in gold because it's physical investments,
Gold is an internationally recognised, and trusted, form of exchange and has been since ancient times. Therefore, the worldwide network of dealers can provide prices 24 hours a day for both coins and bars.
Gold is relatively scarce, and you earn it when you buy it or as a gift.
Hence, people have their choice but I still prefer in investing in Bitcoin.
BUK2016
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March 29, 2018, 05:34:32 PM
 #1963

Well because gold serves as a commodity and not as a currency and that is why people accept bitcoin as compare to gold. And the reason why people believe that gold is better as compare to bitcoin is that Gold has a very stable value as an investment tools and has been in existence for several decade.
Dimonhamon
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March 29, 2018, 05:40:42 PM
 #1964

People think that gold is better than bitcoin, because they can see and touch it physically. But the world is changing. And the digital currency is our future.
musharaf
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March 29, 2018, 05:46:07 PM
 #1965

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?

Despite USA if we look in a broad sense then this will clear and bitcoin will rise sometime in the future and the people like gold because they have a strong possession of gold while the bitcoin is digital money and they are in the fear that may the bitcoin will not usable in the future and the gold is accepted world wide and bitcoin may be accepted in few countries and in other it is very difficult to find out the person who accept bitcoin for any transaction.

doomloop
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March 29, 2018, 05:57:02 PM
 #1966

Well because gold serves as a commodity and not as a currency and that is why people accept bitcoin as compare to gold. And the reason why people believe that gold is better as compare to bitcoin is that Gold has a very stable value as an investment tools and has been in existence for several decade.
that's the point Gold has stable value. i also believe that gold is better only on this point. Gold has only one feature as compare of bitcoin the feature is stable value and also low risk but where is low risk their are low profit. and bitcoin has so many feature we buy any thing on bitcoin we transfer bitcoin all over the world and bitcoin have high volatility thats way trader gain more profit in bitcoin.

Kodok Bencot
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March 29, 2018, 05:57:59 PM
 #1967

People think that gold is better than bitcoin, because they can see and touch it physically. But the world is changing. And the digital currency is our future.
For beat gold according to me until whenever and with anything will not be possible, gold will always be popular even when world war then gold can be accepted, bitcoin can not replace gold.
Kemon
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March 29, 2018, 06:23:43 PM
 #1968

yes maybe that person does not know and do not understand about the price of gold when it goes down or up so they say better
Ashimwe
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March 29, 2018, 06:26:43 PM
 #1969

First of all, bitcoin is still new to the world and it's our role to enlight other people on how it works and how it will change and replace the finance global systems, then after that we can compare it with gold since gold is been there for centuries and is known and appreciated by everyone, in the future when bitcoin goes mainstream to everyone in the world, it will be easier to pay with it than gold
forklif
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March 29, 2018, 06:36:37 PM
 #1970

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.
I agree with your opinion, maybe those who say gold is better than bitcoin because they want a safe investment, we need to know that bitcoin is very risky. and most likely, because they have known gold first than bitcoin.
Obeng minn
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March 29, 2018, 07:30:40 PM
 #1971

gold is a precious metal that in the desire of many people because the price of gold is quite stable.
yanlap
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March 29, 2018, 08:00:41 PM
 #1972

I think gold is the best investment that can never be replaced, gold can be accepted in all countries, there is no controversy, gold prices are always stable and never drop or rise more than 10% per day, while bitcoin is still a lot of controversy and banned in many countries.
For those who prefer gold, should invest in gold and for those who prefer better future should invest in the bitcoin. The gold is an asset with its worth which is very much strict and does not go down or up with least chances of the profit to the people and if more people demand the gold in the world the price wont be effect that much, on the other hand if you invest in bitcoin, you will be able to get ten times of the gold you can get right now.
Bitexpert2017
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March 29, 2018, 08:01:29 PM
 #1973

Gold is better because it's a physical item that we can keep. It can be easily converted  if we need cash. With bitcoin and other digital currencies we can only rely on trust on whoever is maintaining the program.
Blackmet
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March 29, 2018, 08:40:44 PM
 #1974

Gold have more value and at my opinion will be necessary for people forever. Bitcoin is just the couple of numbers with high price that will not help in real life.

ArnoldChippy
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March 29, 2018, 08:55:36 PM
 #1975

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.
I agree with your opinion, maybe those who say gold is better than bitcoin because they want a safe investment, we need to know that bitcoin is very risky. and most likely, because they have known gold first than bitcoin.
No doubt that gold is safe investment as compare to bitcoin, but i think that the income that we can get from bitcoin cannot get from  gold investment, because we can see a very slight change in the price of gold even after years, while investment in bitcoin can give us a very good profit in a very very short period of time that i think cannot possible from anything else.

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Addywealth
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March 29, 2018, 10:24:05 PM
 #1976

Bitcoin is good but gold is better. Gold is a commodity and can be seen and traded one on one in the market while bitcoin is a digital currency that is probe to cyber crime
DiabolicAnt
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March 29, 2018, 10:47:11 PM
 #1977

I think they do so because gold is promoted very well during the history - actually there's nothing special in it and some day it'll loose it price.

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samycoin
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March 29, 2018, 10:54:54 PM
 #1978

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 ba better?
You know even gold is the first asset they met it's not easy to have a gold. Maybe they use gold century ago to swap in other things.  But now that bitcoin has come the life of people is more easier because gold is hard find. Maybe peoples who said that gokd is better because gold a stable value at this time.

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bib24
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March 29, 2018, 11:28:27 PM
 #1979

Because gold is a valuable item that been used for a longtime now, it is well known and accepted anywhere in the globe.

September11Myth
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March 29, 2018, 11:36:34 PM
 #1980

For example because it is unlikely to buy gold for 20K $ and after a few months discover that sudenly it is worth only 6K $, with no guarantee it will even go up to 20K again. Some people like that, other prefer stability.

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