Anyway, my stand on the topic is no. It's irreplaceable, vice versa. Period.
Topic: Will bitcoin replace gold? (Read 15658 times)
This thread seems to be a haven for the campaigners after reading previous comments that stuck in my mind then having spotted some comments that from being obvious to nearly exact words and phrases gathered together to become their own brilliant statement. Sigh!
Anyway, my stand on the topic is no. It's irreplaceable, vice versa. Period.
Anyway, my stand on the topic is no. It's irreplaceable, vice versa. Period.
The number of bitcoins will grow slower than the amount of available gold, hence the shortage of bitcoin makes it even more attractive than gold.
It is impossible for bitcoin to replace gold and vice versa. I think it is naive to think that it would even happen. If you're only basis for bitcoin to replace gold is its value or price then you clearly have the wrong idea here. Both bitcoin and gold has their own perks which the other does not have and if you understand this then that alone is more than enough to justify that one will not replace the other.
I don't think so. Bitcoin isn’t replacing any major store of value, it’s giving another option. Someday a virtual currency may supersede gold. It would have to be by international agreement between the major nations, and regulated by some central bank or similar institution. If this ever happens it won’t be within the next 50 years.
Two of them are not in the same category or level, Gold requires physical presence will BTC carries the power of INTERNET . U don't needs to b present at the market place before urs
It's unlikely to replace gold as this would require Bitcoin becoming mainstream and the government backing their fiat currency by Bitcoin or completely embracing Bitcoin
Your point is plain stupid. Yes they both grow in value, volatile price etc. But these two have different field. Bitcoin was never an asset to begin with, it's a currency. Gold, the most malleable, conductive multipurpose metal of all is a precious metal and you can't find it in your backyard. Gold has wide range of uses that's why it has become an asset.
In my opinion, in the future the BTC can take the place of gold rather than fiat currency. Gold is an asset of investment and therefore a strong crypto can replace it. Fiat currency is a legal currency and therefore can not be easily replaced by the btc.
in what ways can Bitcoin replace Gold ?! if in terms of investment it could happen, maybe someday everyone will think that Bitcoin Investment is more profitable than Gold Investment. because we can all see how quickly the price of Bitcoin can reach the top, and that would be an advantage for an Investor.
But if replacing in terms of function it can not, even though both have a high price Bitcoin can not be made jewelry like Gold. because Bitcoin is a Digital item while Gold is a metal that can be formed into various models and made jewelry.
But if replacing in terms of function it can not, even though both have a high price Bitcoin can not be made jewelry like Gold. because Bitcoin is a Digital item while Gold is a metal that can be formed into various models and made jewelry.
If the cost of bitcoin reaches $ 55 thousand, says Fundstrat strategist Tom Lee, bitcoin will be able to act as a defensive asset, which currently belongs to gold. Tom Lee believes that one of the reasons for the growth of the crypto-currency is that they compete with gold for the demand from investors.
Bitcoin and gold are two different investments and these two are incomparable in all proportions. You just look at their properties you will come to know that investment with gold is better or investment with Bitcoin is better. However, gold is stable so it will give you less profit and in getting more profit you will continuously do that again and again. Bitcoin is a long term and you will get huge outcome after selling the coins at high market.
Perhaps in the very distant future, gold can lose its value because it can be produced in any quantity, now it is technologically impossible. Bitcoin is not material is its advantage and at the same time, the immaterial can not satisfy the material need of people
If the cost of bitcoin reaches $ 55 thousand, says Fundstrat strategist Tom Lee, bitcoin will be able to act as a defensive asset, which currently belongs to gold. Tom Lee believes that one of the reasons for the growth of the crypto-currency is that they compete with gold for the demand from investors.
Bitcoin and gold are two different investments and these two are incomparable in all proportions. You just look at their properties you will come to know that investment with gold is better or investment with Bitcoin is better. However, gold is stable so it will give you less profit and in getting more profit you will continuously do that again and again. Bitcoin is a long term and you will get huge outcome after selling the coins at high market.
Yes!
It may replace gold in coming future.
It may replace gold in coming future.
I do not think that bitcoin will ever replace gold. These are quite different things. Gold is traded in organized financial markets, and bitcoin is traded on decentralized exchanges
That is what i am also thinking about, to me i think that there is a big different between bitcoin and gold, i do not think that we can compare the two, in fact bitcoin is a digital currency which we can directly use for online shopping and do not need to convert it first in to any other current, while Gold is something else, although it has a good value but still we cannot use it for shopping online or even for shopping in our local area. 
I do not think that bitcoin will ever replace gold. These are quite different things. Gold is traded in organized financial markets, and bitcoin is traded on decentralized exchanges
The bottom line is that Bitcoin is an exhaustive asset, as is gold. The issue of Bitcoin is limited to 21 million coins. At the same time, no one can turn on the printing press and add Bitcoin to the market. Given this fact, Bitcoin is not subject to the harmful effects that affect Fiat assets – it is inflation. In addition, the active growth of Bitcoin over 1000% easily convinced investors that gold as an investment tool is gradually becoming yesterday, and it is better to store your money in Bitcoin.
It is difficult to predict about this comparison, I don't think that Bitcoin is going to take the place of gold. Since Gold is one of the precious things and it has been used for the ancient time. Though Bitcoin is becoming a valuable currency at present, Bitcoin will not be the replacement of it because of availability. there is another reason is the credibility.
If the cost of bitcoin reaches $ 55 thousand, says Fundstrat strategist Tom Lee, bitcoin will be able to act as a defensive asset, which currently belongs to gold. Tom Lee believes that one of the reasons for the growth of the crypto-currency is that they compete with gold for the demand from investors.
I think this is beyond limits. The natural gold will always be replacable. Each medium (gold or bitcoin) has its own purpose and is highly beneficial.
Gold was valueable for centuries, I personaly doubt in this idea, becouse Bitcoin in now so unstable, and as for gold, it increases its price constantly for years and years, so
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