Topic: Will bitcoin replace gold? - page 10. (Read 15681 times)
If the gold reserve of the whole world is over, it is likely to be replaced by something else (material, of course). Governments will do everything possible to control circulation of money.
Gold has always been, and always will be, thought of as a great store of value. Gold preserves and protects wealth. What makes gold so liquid is the immense size of its market. The larger the market for an asset, the more liquid it is. According to the World Gold Council, the total value of all gold ever mined is about $7.8 trillion.
Bitcoin and other cryptocurrencies and fiat currency are a medium of exchange.
If it is not a hard asset it is an investment in paper, and that is nothing more than a promise.
Bitcoin and other cryptocurrencies and fiat currency are a medium of exchange.
If it is not a hard asset it is an investment in paper, and that is nothing more than a promise.
I think bitcoin will never replace gold.
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I do not know if that will happen, will bitcoin replace gold !?
Well, however bitcoin is a real threat to gold. Bitcoin can mimic many gold features. Bitcoin has been widely accepted in many countries, If people are increasingly turning to Bitcoin rather than gold for the needs of alternative currencies, gold will only be knick knacks.
Well, however bitcoin is a real threat to gold. Bitcoin can mimic many gold features. Bitcoin has been widely accepted in many countries, If people are increasingly turning to Bitcoin rather than gold for the needs of alternative currencies, gold will only be knick knacks.
I don't think bitcoin will replace gold. And my opinion is it is not necessary at all as Gold is a precious metal and bitcoin is a cryptocurrency so both has its won values and different values in its type.
I think not, however the bitcoin will not replace gold. I mean, gold has a real physical shape unlike bitcoin which is only digital currency. And also gold has long since existed. Many people make gold as their investment. Because gold is stable and suitable for long-term investment.
Maybe ? I dont think so because for now the value of bitcoin is more higher than gold but the value of bitcoin is not stable while the value of gold is consistent from its value
Not budt potmou that this is unequivocally different things but the fact that he is a canopy of gold is so uniquely so potmou that he makes us richer.
Bitcoin won't replace gold, but it will be a legal asset in the world so that people can trade this asset online, however gold trade is hard and physical.
I think bitcoin will not replace gold, but you should own bitcoin, because bitcoin is a symbol of your freedom, the government can not confiscate your bitcoin, you can transfer bitcoin around the world, anywhere in just a few minutes.
I do not think bitocoin will replace gold in fully manner, because people buying gold are not usually the guys relying in online or banks I guess. But you can consider buying btc as an investment instead of gold and compare buying one of each due to it both developped as an long term investment which is usually just worth in higher ammounts.
Gold in general is no better. The value of gold is nothing more than a result of a global consensus - at the moment everyone agrees to consider gold a measure of value, simply because this measure is in some form or another necessary. If we assume a utopian situation, that tomorrow everyone agrees that gold is not such a measure, then it will be good only for the production of quality wires and trinkets.
The btc is gaining momentum for exactly the same reason - the global consensus towards the btc is constantly being strengthened. In this case, unlike gold, the cue-ball is not only a measure of value, but also a settlement system, and gold is not a competitor for this parameter.
I don't think bitcoin will replace gold. There is a big difference between the two. Gold is a precious metal whose value is recognized by people all over the world. It is of great use. Bitcoin is a digital currency whose value is only partially recognized and cannot replace some of the uses of gold. The btc is gaining momentum for exactly the same reason - the global consensus towards the btc is constantly being strengthened. In this case, unlike gold, the cue-ball is not only a measure of value, but also a settlement system, and gold is not a competitor for this parameter.
It is difficult even to compare the usefulness of gold and bitcoin in the real world. Gold has been used as currency for more than 2700 years, and although you will not go to the nearest café with a gold bar, it is always relatively easy to turn it into dollars. In addition, it is used to make crowns and seals, as well as in industry - as an electrical conductor.
I do not think bitcoin will replace gold. Because bitcoin and gold are two completely different things. Most people are interested in the potential of bitcoin, in its rapid growth, in the fact that now no one can control it. Bitcoin and Gold works in different ways. Gold is metal, bitcoin is a digital asset.
it could happen, like his bitcoin income is a lot, fair if bitcoin can replace gold, bitcoin cool and bitcoin more advanced.
For me yes because bitcoin's price is more profitable than gold. I also noticed that selling bitcoin is better than selling gold.
Beside of it, bitcoin has a higher value than gold. So this kind of incident will be an opportunity or additonal points for bitcoin.
Beside of it, bitcoin has a higher value than gold. So this kind of incident will be an opportunity or additonal points for bitcoin.
Bitcoin gold will not replace, but it will be its excellent alternative. Although he already is. Gold is an investment that has been tested for centuries and still the fund of each country will be measured by the gold reserve.
I hope Bitcoin will replace the gold, but maybe long future . we cant be sure, but believe yourself 
I think Bitcoin will not be able to replace gold, although the benefits and efficiency of Bitcoin is what everyone sees and leads to a great deal of Bitcoin influence. But for gold in life is still the most nail, it is popular people, used to make jewelry and many other uses. So Bitcoin will not be able to replace gold
actually I don't think so. Gold has still a place in this world and it will not yet be obsolete. But in the future I think it would be, however gold still has a use for electronics and stuff. maybe that would be the future. Gold will no longer be something that holds value but more of it would be just a raw material for production.
I do agree with you, when the price of gold is cheap enough to become raw material for production, companies will start using gold in their product. Also gold gain the reputation because of mass marketing and scarcity. Jump to: