Quote from: bryant.coleman on October 21, 2016, 09:34:40 AM

Quote from: BitHodler on October 21, 2016, 08:49:39 AM

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.

I agree with your post. But Bitcoin was never meant for the average Joe. It was created as a digital currency, mainly targeting the tech savvy population. Without an internet connection and a smartphone, it is impossible to transact Bitcoins. And that itself means that Bitcoin is not attractive for the vast majority of the world population.

Exactly and we cannot expect everyone to start using bitcoins especially people from poor countries who don't have any idea of latest technology and that makes bitcoin less popular.