Bitcoin is better than gold

[ridsa]

Bitcoin value already stonk -61% since beginning of 2022

For me I'll prefer BTC over gold. The advantage gold has over BTC is that it's not volatile so maintain a stable value in price. However, Bitcoin is more profitableB

 

[RicAngelo]

BTC like stock but not like stock that have economic indicator for up and down value prices, BTC just from rumor and rumor >_<

I rather do Stocks Market than BTC, for sure.

 

[Chibson]

@Chibson This is why its even more tough for us Indian users to go for BTC payments but I hope we can find a way

I believe there are some people in India who will have a way of bypassing the 30% tax. I think you should try to connect with such people.

 

[RicAngelo]

I believe there are some people in India who will have a way of bypassing the 30% tax. I think you should try to connect with such people.

What? The 30% tax? Thats a lot. OMG

 

[Raja]

We need to look at it as per member and their country perspective so not everyone including myself is comfortable with btc.

 

[Chibson]

What? The 30% tax? Thats a lot. OMG

Yeah, it is quite ridiculous because the government is actually discouraging people from the use of cryptocurrency. Charging them 30% is ridiculous.

 

[RicAngelo]

Yeah, it is quite ridiculous because the government is actually discouraging people from the use of cryptocurrency. Charging them 30% is ridiculous.

I knew from my friend in India that government take a lot of tax from BTC but i never though that its 30%, thats a lot. OMG

 

[Chibson]

I knew from my friend in India that government take a lot of tax from BTC but i never though that its 30%, thats a lot. OMG

I was also surprised when I heard it from a cryptocurrency website sometime ago. But I believe there may be a way in which some people use to bypass such a tax.

 

[Enxx]

Gold is real money which has a real value but Bitcoin doesn't have any real value but it can increase in price.

How is gold a real money? It is a resource that can be traded for money and it's value is also not stable

 

[Yugocean]

For me, Bitcoin is Bitcoin, and Gold is Gold, both have their value and importance.

 

[Imran Noori]

How is gold a real money? It is a resource that can be traded for money and it's value is also not stable

The fiat money is backed by gold it means that if there is no gold there will be no money.

 

[gammarays]

Bitcoin value already stonk -61% since beginning of 2022

Yes even if it goes down below 90%, it has the ability to surpass it's previous Ath. It's just a matter of few years. One can buy using DCA so you end up buying more for less.

 

[Golden9]

For me, Gold is better to invest in. I dont want to invest in BTC as it's risky.

Gold is a good choice, especially if you want to invest money you've worked to accumulate for years.

 

[Suba]

Since Nov 2021 to date the price of Bitcoin has fallen by more than 76%. and it cannot be said that Bitcoin is better than gold. Gold is more stable in price, while the price of Bitcoin is highly volatile. Bitcoin also cannot be used as a hedge, but when the price trend goes up Bitcoin will be more profitable than gold.

 

[eldavis]

If you are going for a long term investment, i would advice you go for gold. When it comes to price value, gold is way more secure than bitcoin.

 

[Sanjeev]

If you are going for a long term investment, i would advice you go for gold. When it comes to price value, gold is way more secure than bitcoin.

That is the only thing which makes gold a better investment than bitcoin. There is always security when you invest in gold.

 

[eldavis]

That is the only thing which makes gold a better investment than bitcoin. There is always security when you invest in gold.

That's right, the problem is these days people do not even reason security, but what they care about is getting high returns, this is why most end up loosing all they have.

 

[Chibson]

How is gold a real money? It is a resource that can be traded for money and it's value is also not stable

gold is not money but it is a legal tender in so many countries much more than bitcoin. Only a few country has accepted bitcoin yet.

 

[Yugocean]

gold is not money but it is a legal tender in so many countries much more than bitcoin. Only a few country has accepted bitcoin yet.

Legal tender means money like banknote, any country accepting Gold as legal tender mm eans it is accepted as money.

 

[Passiveearner]

Bitcoin may not be better than gold but it is a more preferable investment for me. What i have come to understand is that people have different opinions concerning this particular debate. Some people even call bitcoin the digital gold.

I think that bitcoin is considered better than gold by many people for different reasons. many people could invest in bitcoin just by using a payment processor and purchase bitcoin or trade in it.