Topic: Bitcoin will replace oil and Gold - page 8. (Read 2304 times)
try to simulate a global catastrophe for yourself, and think about how the value of cryptocurrencies and bitcoin will be formed? Formed? Now try to clarify - how in such a world will bitcoin be technologically present and functioning? Interesting question, isn't it?
I've had to answer this particular question several times. One would have thought my stance would have changed on the subject but no, it has not. I still hold the believe that oil and gold will not at any moment be replaced by bitcoin.
You should know that each of them have their own unique features that made them what they are. Yes, bitcoin might get to be popular than oil and gold as the years go by but it cannot replace them
Bitcoin will not be able to replace oil and gold, if only because it is impossible to make jewelry and plastic products from bitcoin, not to mention other applications in industry as raw materials You should know that each of them have their own unique features that made them what they are. Yes, bitcoin might get to be popular than oil and gold as the years go by but it cannot replace them
Therefore, gold and oil will always be taken into account in the price, a constant as a raw material, and not only as an exchange-traded asset for conducting speculative operations in the market. 
There's been a lot of debate about how bitcoin compares to gold as a safe-haven asset, but one firm predicts that bitcoin won't replace gold or oil. I thinks that bitcoin's dominance among cryptocurrencies will be reduced in 2021.
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!!
I've had to answer this particular question several times. One would have thought my stance would have changed on the subject but no, it has not. I still hold the believe that oil and gold will not at any moment be replaced by bitcoin.
You should know that each of them have their own unique features that made them what they are. Yes, bitcoin might get to be popular than oil and gold as the years go by but it cannot replace them
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!!
Even the price of bitcoin become very huge it cannot change the oil and gold. The uses of oil and gold is very important than earning of money using bitcoin. If the oil or even the gold will down our economy will also down cause it has big role in our society. And without bitcoin our economy is still growing. And some 1st world countries, the oil and gold is the primary source of income and because of this their economy is very rich. Also oil and gold is the one asset of powerful country. 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!!
Bitcoin can't replace oil or gold. Unlike the first crypto they have physical implementation and real uses cases.
More countries are dependent on oil for their wealth. The economy of these countries used to fluctuate heavy when there is large scale changes in the oil market. With gold the scenario is different, as it is a rare metal it has gained value and the value is further increased as it is kept as reserve by every country.
In the coming years the usage of electric cars will increase, and the dependence over oil will drastically reduce. Already some countries like Bulgaria have increased their bitcoin holding high than gold. This increase will get followed by other countries.
In the coming years the usage of electric cars will increase, and the dependence over oil will drastically reduce. Already some countries like Bulgaria have increased their bitcoin holding high than gold. This increase will get followed by other countries.
Bitcoin can never replace gold and oil no matter how promising its value may be. It won't replace gold and oil simply because the aforementioned are widely used in different purposes. Gold and oil have high value since time immemorial. Both are classified as nonrenewable, meaning cannot be replenished over time since these are formed after millions of years. Oil and gold serve so many functions on the field of technology, medicine, currency, investment, and manufacturing. Thus, bitcoin can't really replace oil and gold in terms of its role in the society.
On the other hand, bitcoin can match the pace of price movement of both gold and oil. Bitcoin has shown its potential earlier this year, and surely it won't be the last time for it to be bullish. The three are good investments in my opinion, so there's no need to pit them from one another since they have different roles and uses. You just have to pick what suits your preference and budget the best.
On the other hand, bitcoin can match the pace of price movement of both gold and oil. Bitcoin has shown its potential earlier this year, and surely it won't be the last time for it to be bullish. The three are good investments in my opinion, so there's no need to pit them from one another since they have different roles and uses. You just have to pick what suits your preference and budget the best.
There is no possibility yet. Because gold and oil became the most necessary part of human life. But can't make this position that anyone will replace it with oil and gold. But no one can exactly say what happens next. We hope BTC will go far in the long run.
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!!
How do a digital currency will replace a natural resources like oil and gold? Bitcoin is valuable enough no doubt but it is a digital currency that can be use as investment and payment method. Bitcoin, oil and gold has a different functions that's why it's difficult for bitcoin to replace gold and oil. People can live without bitcoin and gold but Oil is essential for daily living.
If you go over to youtube videos including the videos of Raoul Pal of Real Vision, they are saying that BTC will likely be a currency reserved when USD falls. Some of the people mentioned it's going to replace Gold too. There is no telling when it would happen but holding BTC right now might just be the best to do than spending it now. This is why users today will just see BTC as an investment, not a currency.
When a crisis or great inflation happens, no one will invest in oil, it will be more precise that Bitcoin replaces gold. Besides, I admit that Bitcoin is currently the hottest asset class as it just went through the Halving event. Therefore, it is attracting a lot of money from investment funds at the moment. I think Bitcoin was only in the bull run due to the Halving event; But without the Halving event I think gold prices would have skyrocketed this year
How come bitcoin can replace oil and gold? bitcoin is payment currency transaction and oil become most needed by many people to use for industry, airplane and many transportation need oil, how come if bitcoin replace with oil and gold. I think price or investing with bitcoin better than oil or investing in gold because bitcoin have fluactive price and look faster for growing up than gold, but bitcoin have risk with faster going down than gold where looks stable and have change to raise up about 5% every year. Bitcoin and oil have different function each other, people can live without investing in bitcoin but never have activities in the world without have oil, never use wrong ration between gold, bitcoin and oil function because each other have different function for the world.
They are clearly different in every aspect and no resemblance. Anything that can replace the other is what are the same maybe in shape or size, function and operation but bitcoin, gold or oil are not same. In talking about oil, how can oil be in same thing with bitcoin to be replaced? Not possible I think so.
That's right, I'm also not sure that bitcoin can even be on their level as one of the primary businesses in some major countries. Gold and oil have a vital and strong position where they are the reserves of state assets
The fluctuation you mentioned contains huge differences. that's why most people don't believe it. bitcoin cannot replace oil for now. We use oil as fuel in vehicles. bitcoin has no physical counterpart. We just expect it to be valued.
One of the well known comparisons I have seen is between the exchange rates of 1 BTC and one ounce of gold. A lot of cryptocurrency users went ballistic in 2017, when the exchange rate of BTC crossed the price of 1 oz. gold. But I had pointed out that the comparison is not right. You can compare the market cap of BTC with the market cap of gold. But you can't compare 1 BTC with 1 oz. of gold, because the units are different.
I don't know why you always say that bitcoin will replace oil and gold wherein fact they have all different in utility. Oil is using in transportation and gold is for luxury. Bitcoin can surpass them in prices but it won't never be replaced their utility. Stop comparing three different things because they are all usable for their use.
Utility wise everything has a different use and that is why it will continue to exist. Only thing when it comes to as a investment so the allocation among three what was previously will change and many would invest more in bitcoin than having gold as returns are better in bitcoin. Though risk as well exists but you are rewarded accordingly .
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Bitcoin will replace oil and Gold
Sure. Very soon we will melt bitcoin for semi-conductors and jewelry, and will burn it in car engines to move stuff around
I don't know why you always say that bitcoin will replace oil and gold wherein fact they have all different in utility. Oil is using in transportation and gold is for luxury. Bitcoin can surpass them in prices but it won't never be replaced their utility. Stop comparing three different things because they are all usable for their use.
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!!
Btc's volatility is exactly what makes it a bad one to replace gold.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 can't replace oil simply because it is a real physical fuel which bitcoin is not.
I honestly don't understand all those converstaion about "bitcoin is a killer of X" (fiat, oil, gold, put your one here).
No its not, it will live by side with all those things.
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