Topic: Will bitcoin replace gold? - page 11. (Read 15681 times)
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 not think this is possible, gold is a form of investment and can be used for jewelry and everyone likes, while bitcoin can not be seen because it depends on the internet.
Bitcoins and pre-coding are generally not a substitute for gold as gold is an effective investment tool that has been tested and tested in the portfolio. Gold is different from pre-coding, because gold is less volatile
According to Goldman Sachs investment bankers, despite the high demand for Bitcoin in the world, it is impossible to replace traditional gold. This statement is based on the nature of the difference between the two. Market capitalization of gold is over $ 8.3 trillion, while Bitcoin is just $ 300 billion
we do not need to compare gold with bitcoin because it has its own role and it can not be equalized anytime. because we all know that gold is a precious metal and bitcoin is the digital currency. And it will not be irreplaceable to each other.
I think so many different bitcoin with gold even though they are the same in mine, bitcoin price is too far when compared with gold, the price of gold is still in stable category but if bitcoin is unstable price.
I think this topic had been tossed up as well as criticized many times by the members whenever bitcoin was compared to gold. Bitcoin is something valued upon its usage in virtual world, but gold had been there since ages and IMHO, nothing could replace gold because it holds majority of support as it's something very special as well as precious as a metal being available in the market in less quantity just like bitcoins. Bitcoin can be considered a shadow of gold but can't replace it.
Although bitcoin is very known and with remarkable price but still they cannot replace Gold. In market the price of bitcoin fluctuate sometimes it falls and rise, so investors had speculation of the possible ending of bitcoin but we never heard that the Gold will end or the price of gold falls but instead it continue to increase the value depending on the market demand.
I don't think so because gold is beautiful in the eyes before until now in many people. Bitcoin has a great value and its great to hold a bitcoin. Bitcoin and good has a different way of usage, and bitcoin and gold are great in different way.
Why should Bitcoin replace gold? They are very different assets and people buy gold and bitcoins for different reasons. I think they actually integrate each others.
There will always be one person who prefers gold rather than bitcoin. There is nothing we can do about it. Bitcoin will not replace gold
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.
Bitcoin can't replace gold because gold are from the land and bitcoin is from digital currency both has value and different value but gold and bitcoin are two completely different currency and hard to compare each other.
Bitcoin cannot replace gold , it is because these two investments are of different world , the gold is investment in physical charactetestics that can be touch by the bare hands while the bitcoin investments are in the digital world of computers and in the internet so it cannot be that bitcoin will replace gold even though they are all investments in two different worlds.
Equating bitcoin with gold is not the right idea, because bitcoin and gold have different markets.
but bitcoin has two roles as a means of payment and also as an investment.....
but bitcoin has two roles as a means of payment and also as an investment.....
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.
Bitcoin is already a better store of value and medium of exchange, for the many reasons that people talked about here. However, I don't think it will replace gold, because gold has also other applications, in industries that are outside the financial sector. 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 can not be, it is only worth the same as gold, and the replacement is not, one thing is clear to see the gold, bitcoin it is virtual
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.
Bitcoin can't replace gold because gold are from the land and bitcoin is from digital currency both has value and different value but gold and bitcoin are two completely different currency and hard to compare each other.
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 think it will never happen. I agree if bitcoin in the digital world is the king. but not with his world, the real world of gold is part of the triumph of a winner and a king. gold is the world's jewelry. and so with bitcoin, bitcoin is the golden king in the world of digital technology.
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 is a kind of metal whose value is recognized all over the world. Bitcoin is a digital currency whose value is only recognized by some people. I think bitcoin is different from gold, and bitcoin will not replace 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.
They're all the valuable stuffs that you only can get through mining and owning them will help you earn profits or losing them.
Bitcoin is likely golds but just the digital version one.
It is impossible for bitcoin to replace gold and vice versa I think it's highly unlikely.
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 is a kind of metal whose value is recognized all over the world. Bitcoin is a digital currency whose value is only recognized by some people. I think bitcoin is different from gold, and bitcoin will not replace 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.
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