Post
Topic
Board Economics
Re: Is gold better than Bitcoin?
by
BitHodler
on 21/10/2016, 08:49:39 UTC
As I have said with other topics that are fairly similar to this one, you're asking a biased demographic and chances are most are going to answer with "Bitcoin is better than gold for X and Y reasons". Which makes sense, in its own way, and Bitcoin is better than gold in a lot of aspects, but gold is also better than Bitcoin in some aspects too.

So let's say that bitcoin and gold are just the same so that no one will argue about this. But in reality, they have their own good reasons why we can use and enjoy them both. Advantages and disadvantages depending on how you are going to use them. But I think majority of the people here are choosing bitcoin rather than with gold.
It's obvious that people on this forum will prefer Bitcoin over Gold since it's a Bitcoin related forum, no surprise here.

But if you look at the mentality of the average Joe, then they will give the preference to Gold when they have the option to choose.

Gold is around for such a long time, it gives them a safe feeling as result of that, it's something you can physically hold in your hands, it can be a jewelry, and the list goes on.

Enough reasons as to why the average Joe will prefer Gold over Bitcoin.