Topic: Bitcoin Will Replace Gold! Here's Why... - page 2. (Read 4166 times)

How can Gold be called useless as a currency when its been used as such for hundreds going back thousands of years, thats funny when we forget our own history.    We are in the financial equal of the planet of apes I think quite often, we believe we have invented something better but we have not.
         The trend with gold is that it repeats forever, every great society has thought they dont need gold going back to the Roman empire; who removed it from their coinage just like modern nations have.   Its not true, we might store value in many things in hope of inventing a better system but nothing else serves the purpose quite as well in its own unique way.     The current financial wizardry with the housing debt, with treasury debt and with common national currency is the magic idea where they celebrate declaring we no longer need that useless heavy metal to be held as money any more; they think they have invented a better system.
   We all know there are trillions in debt that will never be repaid, most likely is that the system destroys itself and part of that is going to be gold is re-found as value and used as some part in currency and trade exchange.  We might also move on with crypto but its only going to be partly as nothing can replace gold in the unique way it serves as money.

Gold is not the same as bitcoin. It as never meant to be a currency where bitcoin is even though they very similar as far as mining them with special equipment and their rarity goes.

You cannot pay for things with gold or break it down very easily so it is useless as a currency. Bitcoin can be broken down many times. The two are very different with different objectives. Gold is a longterm thing for rich people with too much money. xD

That is not impossible to happen now.As you can see, bitcoin already adopted not only by our city, but in the entire world because of its outcome. In bitcoin, we already have the earnings and profit not just like that, we have a huge percentage of having a good future with this. It can help the economic growth of the country. We have this kind of adoptation and we already have different and new innovations. In comparison, bitcoin is more easily to get than gold.

There is no doubt the bitcoin will replace gold in the future. Bitcoin already replaced gold in the mind of Millenials - the youth and entrepreneurs. Bitcoin is beating gold with a very high margin in terms of profits for the long-term investment (Bitcoin price grew from $0.5 to $10k in only 10 years). Now, tell me which one among the two is better for investment.

I agree with the statement of bitcoin will replace Gold because as you can see, our world is full of things that we can achieve right now and that is bitcoin while gold, you can't find it in an easy way. We live right now in digital world. As the time and years passed by,our society adopting many new things and many people invent things that will help as in our daily lives.

That some is a huge number maybe bigger than bitcoin users around the world and people who chose to invest in gold rather than bitcoin is surely bigger in population to think that gold price pump through the years is slowly but surely which makes them invest more on gold rather than bitcoin

In my opinion, Gold is more desirable because it has been trusted for thousands of years as a safe asset. Bitcoin is still 10 years old and I think it takes a long time for people to believe in investing besides that high price fluctuations make people think that bitcoin is an asset with high risk

Gold look higher last two week and many people like for investing with gold than bitcoin, maybe bitcoin never could replace of gold place and take gold's investor in bitcoin investment.

Until now the market has often compared gold with bitcoin and analyzed which assets can benefit greater investors.

From the supply side, actually these two assets both have a limited amount of supply, but bitcoin has characteristics that have the potential to provide greater value to investors compared to gold.

Don't agree. First of all, gold is less volatile. Secondly, gold is a proven and effective investment. Cryptocurrencies, on the contrary, are needed only in order to play the role of tokens in electronic payment systems. And of course the gold market is regulated, while cryptocurrencies still have problems with adoption. Bitcoin and gold are completely different things.

Gold never could replace by anything, bitcoin have good price but never change gold place because many people afraid for investing money in bitcoin with price situation.

Yes? i know right. its like not compare the same thing. gold its real assets with it is real goods. but bitcoin its digital assets. your assets in the blockchain system. and that is so different. both of it have strong value and the value will always get bigger day by day.

Gold is good investment assets with stable price, but getting higher profit with short time very hard with gold investment and bitcoin is the best solution to get much profit with higher price and always get much.

Many times I've been hearing statements in a very uplifting words, yet it's always a very confident way of expressing their thoughts. Gold had a different side of the story in comparison with bitcoin, that's why we cannot expect bitcoin will replace it easily. Material value compared to digital asset was totally different.

Gold is a commodity. It has a use case.

Bitcoin might become a preferred alternative form of investment in case of market not performing up to the point or for hedging the portfolio. But because of the inherent value the gold has, it is not going to vanish. It is being considered as a precious metal around the world and is being heavily used in jewelry which maintains its demand. This is not going to end anytime soon.

Bitcoin will not replaced gold, you know why? Because gold is a physical investment which is not volatile in case of value. On the other hand Bitcoin is also good for investment but not for long term. As of now still Gold is the best but we cannot predict the future.

Gold will be with us forever, in my opinion

But the price volatility is something that will be hard to take an account of ...

..also as long as women are there the gold will stay in the demand to be honest 😂 , contrary Bitcoins need government approval to fully flourish, if they ban it and somehow it goes down in the value then there will be problems .

Bitcoin and gold are actually opposites in the financial asset class. Bitcoin will never replace gold, because it is not capable of it. People will always prefer tangible gold over virtual numbers. Such is the nature of people. Moreover, this will not happen if natural disasters increase in the world, and during a period of global climate change this is very likely.

gold and bitcoin will remain in the future, only fiat currencies will disappear
if gold cannot be used for currency, it can still be used in the form of jewelry