Topic: Bitcoin will replace oil and Gold - page 6. (Read 2304 times)
I think bitcoin at the moment does not have any foundation, the only use is speculation, so such products as oil, gold, etc.will not soon replace it. Only by capitalization. And then, again, at the expense of "whales" that have an impact on the market.
Many traditional investor keep believe with gold and they not understand how bitcoin will increase their money as investment, so far gold keep become as investment way exactly for old investor make gold as good commudity investment assets, but bitcoin as digital without have any proof some one have bitcoin depend with traditional investor.
Bitcoin is different to oil and gold they have different ways how to earn and how to used it. bitcoin is decentralized that we can use to transfer our money peer to peer. Unlike gold and oil that can manipulate of government, people. Bitcoin and oil will change the value depend to the market .Gold is have great value than this two we know that. But bitcoin is great than oil and gold because we used it online as we know that the technology now is upgrading.
I think No, Bitcoin will not supplant oil and gold, indeed in spite of the fact that we know that gold is no more adaptable than Bitcoin. As of now the presence of Bitcoin is exceptionally little when compared to a few asset businesses within the world. We can't drive the will we like to be able to run the show the world effortlessly, it takes a long prepare, perhaps indeed requires advancement to begin within Bitcoin to be able to totally supplant oil and gold. Nature of gold and oil generation right now clears out Bitcoin since these normal assets are way better known for a long time and standard individuals get it more almost the assets that are mined by burrowing the ground,Bitcoin can be exchange of medium to get gold and oil but can’t replace due to its differ of nature.
Even if it's about investment then I don't think that it can be happen in short time. Since oil is used by many industries and in our daily life then it still need a long time to see that happen, although many people start to use electric car. Gold will always valuable, although it's fluctuations price is more stable than bitcoin but it is one of the safest investment that exist. Gold holders are tend to gain profit rather than loss. Bitcoin is so volatile but this attracts investors to get involved in bitcoin market so they can get the chance to gain big profit in short term.
Ideally, what you are talking about is impossible mate. Bitcoin, Gold and Oil are not the same at all and should not be differentiate with each other! Oil was there ever since we discover machines. It is the main medium & reason why it works and definitely Bitcoin could not replace that. Gold in the other hand can be differentiate with Bitcoin in a lot of ways though do not forget that Gold has a very high market capitalization. Bitcoin, was there for just more than a decade yet it already exploded its name in the whole financial industry. That's what it is. Why? We are now in the digital age and Bitcoin is the closest one to use for our major developments especially in our daily financial transactions. Though Bitcoin has still its lapses, we can still consider the whole cryptocurrency ecosystem and look for alternative ones.
Very lol, how come you can live without oil how ever almost you use right now need oil like your car, your motorcycle and many thing do you use have to need oil, you can't said with bitcoin will replace oil. Many people claimed as bitcoin is the king and I know bitcoin have higher but can't change the function with oil or gold, just bitcoin as investment assets and not be legal currency payment transaction right now because many countries not allow using bitcoin.
Bitcoin will never replace oil and Gold even a decade or how many years may come. Gold will be gold and oil will be oil, nothing can replace these two. It is like a fiat currency that will not be replaced by bitcoin and it is a matter of fact. Although we all know that bitcoin is way more flexible than gold but at the end of the day gold will be the one that will be the basis of every money, and never bitcoin will be in front of it.
There are a lot of debates and statements about this. That bitcoin could replace gold when it comes to reserves and such but right now, that won't happen. But I do agree that bitcoin will never replace gold, oil, or even the fiat currencies that we are using right now. Bitcoin will stay as it is and will be the most and used crypto in the future.
Was supposed to say the same thing and this had been an argument or discussion ever since about replacing this, replacing that without even trying to check or look
on what are their true usage or benefits in the first place.Why would really be needing that on replacing each other? They do have indeed their own purpose
and just literally trying to differentiate when it comes to form and characteristics then its just too obvious that there no point on making out some comparison
or some sort of competition.
All these conversations take place only within the framework of discussions on the topic, and what would happen if something happened and has not even close to any relation to the harsh reality on what are their true usage or benefits in the first place.Why would really be needing that on replacing each other? They do have indeed their own purpose
and just literally trying to differentiate when it comes to form and characteristics then its just too obvious that there no point on making out some comparison
or some sort of competition.
Gold has a multi-thousand-year history of circulation in the financial sphere and it is extremely naive to assume that some other object or concept will replace it in the near future. You can still somehow talk about parallel use, but it is about replacing gold with something that is out of the question.
It's not too late to invest. We just starting yet 
bitcoin will be the most valuable thing for years to come.
First of all, you should read this forum. There is too many good posts about cryptocurrencies and investing. Don't make investment before read them.
You can buy some ethereum, bitcoin or something like that. Use binance to start, very easy to use. You will learn everything in a month
There is no too late for bitcoin investment because the price today might not be the price for tomorrow for the better. This forum is a good place to learn about bitcoin but you have to be careful because scams are not regulated in this place and any scammer wants someone that doesn't have that much knowledge about bitcoin to become their victim. I wouldn't recommend a month, take your time to learn a lot, go for a slow pace to sift through the BS and the truth because there are a lot of that here so I suggest to take it slow. bitcoin will be the most valuable thing for years to come.First of all, you should read this forum. There is too many good posts about cryptocurrencies and investing. Don't make investment before read them.
You can buy some ethereum, bitcoin or something like that. Use binance to start, very easy to use. You will learn everything in a month
Was supposed to say the same thing and this had been an argument or discussion ever since about replacing this, replacing that without even trying to check or look
on what are their true usage or benefits in the first place.Why would really be needing that on replacing each other? They do have indeed their own purpose
and just literally trying to differentiate when it comes to form and characteristics then its just too obvious that there no point on making out some comparison
or some sort of competition.
All these conversations take place only within the framework of discussions on the topic, and what would happen if something happened and has not even close to any relation to the harsh reality on what are their true usage or benefits in the first place.Why would really be needing that on replacing each other? They do have indeed their own purpose
and just literally trying to differentiate when it comes to form and characteristics then its just too obvious that there no point on making out some comparison
or some sort of competition.
Gold has a multi-thousand-year history of circulation in the financial sphere and it is extremely naive to assume that some other object or concept will replace it in the near future. You can still somehow talk about parallel use, but it is about replacing gold with something that is out of the question.
It's not too late to invest. We just starting yet bitcoin will be the most valuable thing for years to come.
First of all, you should read this forum. There is too many good posts about cryptocurrencies and investing. Don't make investment before read them.
You can buy some ethereum, bitcoin or something like that. Use binance to start, very easy to use. You will learn everything in a month
There is no too late for bitcoin investment because the price today might not be the price for tomorrow for the better. This forum is a good place to learn about bitcoin but you have to be careful because scams are not regulated in this place and any scammer wants someone that doesn't have that much knowledge about bitcoin to become their victim. I wouldn't recommend a month, take your time to learn a lot, go for a slow pace to sift through the BS and the truth because there are a lot of that here so I suggest to take it slow. bitcoin will be the most valuable thing for years to come.First of all, you should read this forum. There is too many good posts about cryptocurrencies and investing. Don't make investment before read them.
You can buy some ethereum, bitcoin or something like that. Use binance to start, very easy to use. You will learn everything in a month
So do you not think it's too late to invest in crypto? And if not, what digital currency would you recommend for a newbie investor? Thank you for your help.
It's not too late to invest. We just starting yet
bitcoin will be the most valuable thing for years to come.First of all, you should read this forum. There is too many good posts about cryptocurrencies and investing. Don't make investment before read them.
You can buy some ethereum, bitcoin or something like that. Use binance to start, very easy to use. You will learn everything in a month
You're confusing intrinsic value with monetary value. Oil and gold have an intrinsic value, which means that they are useful without having to compare them with other commodities. Oil for example is something necessary for the world, I don't care about its monetary value. It had reached really high in the past and in 2020 it made huge dumps.
Bitcoin has no intrinsic value. The agreement of its users is what gives its monetary value.
Bitcoin has no intrinsic value. The agreement of its users is what gives its monetary value.
Governments all around the World Secretly start using together with banks the bitcoins.
Oil is done so They replace bitcoin instead of oil.
The btc volatility might go like daily 50k-100k price Changes.
Bitcoin will be instutionalized permanently.
The Global market prices Liqutation postion will be fluctuated by Bitcoin price.
I said this before but nobody didnt listen but now its here!!
Unless you can Put Bitcoin inside your car tank , or can make Bitcoin as your wedding ring then this is possible .Oil is done so They replace bitcoin instead of oil.
The btc volatility might go like daily 50k-100k price Changes.
Bitcoin will be instutionalized permanently.
The Global market prices Liqutation postion will be fluctuated by Bitcoin price.
I said this before but nobody didnt listen but now its here!!
But if not , The forget about this stupidity ..
Bitcoin has His own purpose in the world .,same as Oil and also Gold , they will serve the world in different ways so stop hallucinating and Woke up.
Was supposed to say the same thing and this had been an argument or discussion ever since about replacing this, replacing that without even trying to check or look
on what are their true usage or benefits in the first place.Why would really be needing that on replacing each other? They do have indeed their own purpose
and just literally trying to differentiate when it comes to form and characteristics then its just too obvious that there no point on making out some comparison
or some sort of competition.
All these conversations take place only within the framework of discussions on the topic, and what would happen if something happened and has not even close to any relation to the harsh reality on what are their true usage or benefits in the first place.Why would really be needing that on replacing each other? They do have indeed their own purpose
and just literally trying to differentiate when it comes to form and characteristics then its just too obvious that there no point on making out some comparison
or some sort of competition.
Gold has a multi-thousand-year history of circulation in the financial sphere and it is extremely naive to assume that some other object or concept will replace it in the near future. You can still somehow talk about parallel use, but it is about replacing gold with something that is out of the question. 
Objectively speaking, BTC has not yet undergone any stress test in the financial and economic depression and collapse. We are not sure how it will develop in the future, but fortunately each of us can see whether BTC can replace gold.
It's not compulsory for Bitcoin to pass through certain sort of stress to be categorised among the word best.
It's about it serving it's through purpose. Government sanction along is enough stress for it. Anyway, still yet, Bitcoin, oil or gold can't replace each other, they have their purposes.
Was supposed to say the same thing and this had been an argument or discussion ever since about replacing this, replacing that without even trying to check or look
on what are their true usage or benefits in the first place.Why would really be needing that on replacing each other? They do have indeed their own purpose
and just literally trying to differentiate when it comes to form and characteristics then its just too obvious that there no point on making out some comparison
or some sort of competition.
Objectively speaking, BTC has not yet undergone any stress test in the financial and economic depression and collapse. We are not sure how it will develop in the future, but fortunately each of us can see whether BTC can replace gold.
It's not compulsory for Bitcoin to pass through certain sort of stress to be categorised among the word best.
It's about it serving it's through purpose. Government sanction along is enough stress for it. Anyway, still yet, Bitcoin, oil or gold can't replace each other, they have their purposes.
Bitcoin is highly variable in character. Not a very permanent one. Prices fluctuate almost all the time. So along with the profit, the issue of loss must also be kept in mind. And from this side it is very risky.
Other hand, gold can be a very sustainable investment option. For those who want to walk the path of long term and sustainable investment, gold can be one of the places of hope. During the market downturn, even when the prices of all things go down, the price of gold goes up. The price of gold does not fall much without the opposite situation. So gold is a very reliable and trustworthy place to invest.
So Bitcoin will not replace gold. And i believe that its impossible.
Other hand, gold can be a very sustainable investment option. For those who want to walk the path of long term and sustainable investment, gold can be one of the places of hope. During the market downturn, even when the prices of all things go down, the price of gold goes up. The price of gold does not fall much without the opposite situation. So gold is a very reliable and trustworthy place to invest.
So Bitcoin will not replace gold. And i believe that its impossible.
Governments all around the World Secretly start using together with banks the bitcoins.
Oil is done so They replace bitcoin instead of oil.
The btc volatility might go like daily 50k-100k price Changes.
Bitcoin will be instutionalized permanently.
The Global market prices Liqutation postion will be fluctuated by Bitcoin price.
I said this before but nobody didnt listen but now its here!!
Oil is done so They replace bitcoin instead of oil.
The btc volatility might go like daily 50k-100k price Changes.
Bitcoin will be instutionalized permanently.
The Global market prices Liqutation postion will be fluctuated by Bitcoin price.
I said this before but nobody didnt listen but now its here!!
It won't replace oil or gold. Oil might fade but not because of bitcoin but because of less reliance on it as a commodity. Gold is another asset class. Its not about replacing something but complimenting it. Gold and bitcoin don't exactly do the same thing nor act the same. They can both coexist peacefully.
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