Topic: Will bitcoin replace gold? - page 106. (Read 15681 times)
Bitcoin is on his way to replace gold and all the other corrupted instruments.
no ... gold is gold that many people for long-term investment,
while short-term investment bitcoins are good because of the fast rising bitcoin value of course,
so I think it's wrong if bitcoin can replace gold for investment,
and bitcoin do not know how long it will last..
while short-term investment bitcoins are good because of the fast rising bitcoin value of course,
so I think it's wrong if bitcoin can replace gold for investment,
and bitcoin do not know how long it will last..
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.
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 think it's impossible, because bitcoin is different from gold, bitcoin is just a value and a digital currency, but gold, can be used as jewelry and accessories, so that if worn can improve one's status.
I don't think so. Yes bitcoin is a amazing technologhy and I think It's price will reach very high values but If you talking about Gold It isn't related with value. The gold is related with wealth. The gold is related with humanity. It's like a passion.
I think for a long time bitcoin will replace gold because bitcoin is more promising profit than gold, beside that price of gold is stable, lets compare with bitcoin price that increase day by day
Why should it be replaced? Bitcoin and Gold are two different things, have the same function but there is a differentiate as well. Bitcoin is a kind of currency, gold is a kind of metal, obviously different. Gold can also be used as jewelry and become an asset as well as beauty, while bitcoin can not be used as jewelry.
I do not think Bitcoin will replace Gold or a lot of other things that have intrinsic value. What it may replace though are things that really have no more value that Bitcoin itself, such as fiat currency's. In the end Bitcoin is just an alternate means to transfer value from one person to another, so I do not think it will replaces things that store value as much as it will complement them.
I think no. We all know that bitcoin cant replace gold. Because gold is more powerful than bitcoin. Gold has a higer value. And there is a biggest diffence between gold and bitcoin in one another. Gold is a precious metal that can mine people. And bitcoin is just a virtual currency but it has a value too. but not like gold. Because gold is stays longer in this earth. And bitcoin is not permanent in this earth I guess.
Maybe yes or no.
There is no one can predict the future or not replacing one another but walking according to its place, gold in the real world and bitcoin in cyber like now.
There is no one can predict the future or not replacing one another but walking according to its place, gold in the real world and bitcoin in cyber like now.
It seems to me that gold has value not because of the consensus. The amount of this metal on earth is limited, it has unique features and a constant demand then it always will be in price. That's the value of bitcoin really depends on the consensus. My opinion is that gold is a more reliable asset.
Gold is considered to be an asset acquired while bitcoin is a currency I think they have different purpose and both can retain in the market the possibility of replacement for bitcoin is the current money we are using today if bitcoin will be adopt and considered to be our major currency paper money can possibly die but not the gold.
I think bitcoin can not replace gold because of its function, indeed bitcoin and gold can both be used as an investment. But bitcoin can not replace the role of gold as jewelry. Gold is a real thing and can be hand-held directly. if the bitcoin is like air, it can be felt but can not be held and seen.
Gold's price or value is based on it's scarcity and if ways are found to extract gold at a cheaper cost or if a asteroid hit the
earth and it is full of gold, it's value will plummet. The price is also being manipulated by a few cartels. {whales} Bitcoin gives
people a new alternative option to trade in a scarce digital commodity. People are willing to fork out $30 000 for a pimped
up rifle in a online game, but when they buy a scarce digital token like bitcoin for $4000, it is a big deal. There will only be
21 000 000 bitcoins in circulation... no new supply... get it?
earth and it is full of gold, it's value will plummet. The price is also being manipulated by a few cartels. {whales} Bitcoin gives
people a new alternative option to trade in a scarce digital commodity. People are willing to fork out $30 000 for a pimped
up rifle in a online game, but when they buy a scarce digital token like bitcoin for $4000, it is a big deal. There will only be
21 000 000 bitcoins in circulation... no new supply... get it?
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.
Gold will remain one of the most valuable items in the world. bitcoin does have a very large strength, but gold still can not be eliminated. bitcoin could have a much better value than gold. but the world still needs gold and everyone believes that bitcoin and gold are one of the most valuable things in the world.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.
This is funny thread according to me because gold and bitcoin are both different type of asset dude. If you look and compare bitcoin with the gold means some months before we have noticed in the information says that one ounce of gold has been surpass in the price wise. For savings purpose bitcoin and gold are same.
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.
Gold will remain one of the most valuable items in the world. bitcoin does have a very large strength, but gold still can not be eliminated. bitcoin could have a much better value than gold. but the world still needs gold and everyone believes that bitcoin and gold are one of the most valuable things in the world. 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.
For me gold has a fix value and it has physical form and bitcoin is data and the value is changing anytime and it is to far for the comparison of this two...
Replace gold in what sense? This comparison between bitcoin and gold should not exist. These two are very different from each other. Gold is not just a metal dug out to be sold, it is also not just a jewelry. It is a scarce and precious metal used in different industries. So it is very different from bitcoin.
Yup! I agree Bitcoin and Gold doesn't need to be compared because this 2 things are very not in common actually Gold is a precious metal that are in demand and very hard to get that is why it's price has surge on top of the number of commodities and bitcoin is a decentralized digital currency as we know it, and can be an asset to others because we can surely have a long term earning with it and in the years bitcoin has proven itself and it continues to surprise us even more.
On my own opinion bitcoin cannot replace gold. In peoples mindset gold is the most precious and most expensive thing or wealth in the world. Anytime gold's value can increase. I think bitcoim can increase its value anytime but in the eye of many of them gold is different. It can change the man or even the world when you have a lot of it. But in terms of bitcoin when you have a lot people may think that you are doing something illegal or not pair to others to have like kind of wealth. I'm not against in bitcoin because I like bitcoin,i can say these because I already talk bitcoin to my friends and they think that I am a scammer. But when we talk about wealth or gold bars that our country have they wish that they can have atleast one gold bar. See the difference?
Replace gold in what sense? This comparison between bitcoin and gold should not exist. These two are very different from each other. Gold is not just a metal dug out to be sold, it is also not just a jewelry. It is a scarce and precious metal used in different industries. So it is very different from bitcoin.
Maybe bitcoin will replace to our gold today because of his popularity many are interest in bitcoin today. I say yes our money will be replace by bitcoin if our government will agree bitcoin replace to our money.
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