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Topic: Will bitcoin replace gold? - page 13. (Read 15696 times)
gold is the things can not replace, is jewelry is real thing to feel and see the worth it of.gold is never infinity ,gold is limited on planet. gold is good material for technology,fashion, gold is never change the position of tools of exchange. That's my opinion )
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I am not sure, even more, I think these two are different categories, so they cannot replace each other.
I think that's impossible, if we think Gold is for me just to make ornaments or save money. Similarly, the selling price of Gold will fall from the purchase price. While bitcoin will continue to increase over time, so we prefer to store bitcoin rather than gold. Because for me, bitcoin is very profitable in the future for us.
Maybe yes bitcoin can replace gold because bitcoin can't steal easily while gold can steal
but gold is popular now but bitcoin is rising star.
The reason for steal is not exactly right, we can not say that bitcoin can replace gold, when compared to many things of course many things are impossible to compare because the function of gold and bitcoin is different. but gold is popular now but bitcoin is rising star.
It remains to be seen whether BTC will replace Gold, but there are very slight possibilities this will happen, with the volatile crypto market and the uncertainty of value, Gold remains the most dependable storage of value as its prices does not easily waver as that of BTC. If the market remains stable however, BTC can challenge Gold as a Proper storage of value.
It is case to case basis only, bitcoin is being popular now in their uses as digital currency, while gold has their own popularity itself being uses in our ancient time its popularity in the whole world until now has no equivalent as like others. The two has individual differences and nothing each can replace in both parties.
Maybe yes bitcoin can replace gold because bitcoin can't steal easily while gold can steal
but gold is popular now but bitcoin is rising star.
but gold is popular now but bitcoin is rising star.
Yes definitely, bitcoin is somewhat near to the gold right now. Will shortly replace the gold. Bitcoin is very popular right now. Popularity give the rise to the price of Bitcoin.
is a matter of years or months when this is possible, but to be more exact it could take two years for it to happen, when all governments accept bitcoin and this is much more valued, but I think it is invevitable, the bitcoin will be worth more than 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.
Both are mined but one of them is tangible and was a long term form of investment. Bitcoin is a good investment too but gold has still not replaced in the market by any other type of metal yet.
A lot of people now are interested in bitcoin but I doubt if they would choose bitcoin over gold if they were given a chance.
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.
It will never replace gold. It is because both of them have different purposes. Maybe there are some similarities like they are both uses in transactions or they both have value, but the difference is that bitcoin is mainly used as a currency particularly a cryptocurrency. Gold, on the other hand, is used in variety of functions such as in the field of technology (equipments etc.), medicine, and also in jewelry. Yes for now we have scarcity in gold but again, these two are really different entities and in addition gold is accepted worldwide so for me, bitcoin will never 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.
I think not, because most people like gold more than bitcoin which is only virtual money and lately there have been many rules on cryptocurrency which caused the ban in advertising. With so much resistance to crypto I think bitcoin do not can replace gold.
Gold will be very hard to replace since it is a valuable things that are real and produce with many processes and become the assets of every country. I think they cannot be compared due to their functionality.
Bitcoin cannot easily replace Gold. Gold is the most precious metal and used by our ancestors long time ago. Gold can last for hundreds of years while bitcoin future is uncertain. We don't even know if bitcoin can still exist for hundreds of years. Also Gold is accepted globally and bitcoin is not. It's the secret of rich countries like US. They don't save money but they buy gold to preserve. Gold can influence the economy of a country. Gold value accumulates value over time. It's value doesn't drop. It can save a country because money are not safe from devaluation. So gold can save an economy.
Gold is a historical store of value. It's known and recognized around the world. That's why Gold cannot be easily replace by bitcoin
Gold is a historical store of value. It's known and recognized around the world. That's why Gold cannot be easily replace by bitcoin
It's impossible. Bitcoin will never turn into gold. Because gold is a real valuable thing. Which is permanent. Bitcoin variable virtual currency And it's recently traditionally valuable. And there is no guarantee of Bitcoin's future. But the gold is fully accepted. So Bitcoin can not be turned into gold.
this time alone bitcoin prices have beaten gold. people who invest in bitcoin are also increasing. it is not impossible in the future bitcoin investment will be more popular in comparison with gold.
Perhaps the most obvious difference between Gold and Bitcoin is this: Gold is a tangible physical Precious Metal, whereas Bitcoin is digital. Yet the distinctions between the two run much deeper. Today, Bitcoin is use as a form of payment.
I dont think that bitcoin will replace gold. In my opinion soon bitcoin value will stabilize and we will experience and great pullback on bitcoin's value after all the bitcoin are mined. Gold is tangible wherein you can buy or sell it personally with no scam (except for fake gold). Bitcoin's value today is like gold but i dont think it will replace the what we know gold. It has different value depending on how we use it.
Bitcoin is the digital currency and the gold is a precious commodity i would like to differentiate gold from bitcoin and bitcoin is now the digital money which is using by every one in the world bitcoin is future currency and if we give some importance to this currency then will enter into the virtual world where every thing will deal through digital money and the bitcoin will not replace gold gold has their own importance and value.
Bitcoin cannot replace gold as gold is physical currency and bitcoin is internet currency. Gold can be traded anywhere but bitcoin can be traded only through internet and internet access is not available everywhere and every time.
No, BITCOIN is a digital currency and can be a long-term investment Bitcoin is unstable. While gold is an item that can be used for investment today and could also future and gold in its form is real and gold stable.
Bitcoin can never replace gold in the sense that digital and gold are physical. And we know that humans are better able to adapt to things that can be seen and touched. I do not see this happening. Bitcoin and gold are in their own category. Each one has different features and serves there different destinations.
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