Topic: Will bitcoin replace gold? - page 15. (Read 15696 times)
Gold and Bitcoin are two different things, but both have a high value. gold is a precious metal found from the ground and then in such a way and in use Man for jewelry. while Bitcoin, is a Digital Gold that we can feel in the mind but can not touch it by hand. so I think Bitcoin remains Bitcoin, And Bitcoin will not replace Gold.
Gold to be exact is a thing that is very very very noticeable and to think about its price in conversion is really a great money. to its own name it has already made it worth and title. So as bitcoin too, through the eight years and the upcoming years on which bitcoin will live it has proven its capability and worth that is treasured by its investors. So as the other coins too. Will it replace gold? No. Bitcoin and gold have their own personality and worth to be given by its beneficiary. Having Bitcoin and having gold are the same, both a worthy money and nice money shot.
Bitcoin cannot replace gold. Gold's history of development is much longer than that of Bitcoin, and gold, as a globally recognized valuable item, is incomparable to Bitcoin, which is still in development.
The difference between Bitcoin and gold is that Bitcoin can be replaced in the future by some better technology. But there is no alternative to gold. There are a few like silver and platinum, but none of them can compete with gold. So gold will remain in use.. at least for the next 5,000 years....
Replace gold is something that can not be said, we all know that gold is the longest investment and the choice of everyone so that gold is now # 1, all countries make gold as a measure of wealth so that replacing gold is impossible.
Yes, bitcoin cannot replace gold but bitcoin is the most famous gold right now. It is our gold that really can help many people and useful. Yes gold will always be gold but do people always use this right now? Do people love to use gold right now if all they know that bitcoin is the no.1 gold that choose by everyone? Gold is still gold but bitcoin is also still bitcoin too that price will become higher and higher everyday and more helpful to everyone. It also can really change our life for the better.
No I don't think so, why gold are valuable? it's a solid metal and a real things that need a lot of process to became valuable. Its a real asset that can be kept but won't losing its value, not got rotten. Different with bitcoin, when electricity or internet dies so along with bitcoin.
Replace gold is something that can not be said, we all know that gold is the longest investment and the choice of everyone so that gold is now # 1, all countries make gold as a measure of wealth so that replacing gold is impossible.
Yes, bitcoin cannot replace gold but bitcoin is the most famous gold right now. It is our gold right now. Yes gold will always be gold but do people always use this right now? Do people love to use gold right now if all they know that bitcoin is the no.1 gold that choose by everyone? Gold is still gold but bitcoin is also bitcoin too that price will become higher and higher everyday.
Bitcoin cannot replace gold. Gold's history of development is much longer than that of Bitcoin, and gold, as a globally recognized valuable item, is incomparable to Bitcoin, which is still in development.
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 does not replace gold. Gold is a currency that has a long history and is stable. Gold is known to all, but Bitcoin is not. 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.
Let me put it in perspective:
If you own one Bitcoin, that means there can only be 20,999,998 other people in the world who have more Bitcoin than you. Given that there are many people who own thousands of bitcoins, that means there will be significantly less people who can ever have more money than you.
I don't know exactly how wealthy, but if Bitcoin ownership becomes a big thing for tech, where companies like Apple, Google, and others want to hold onto Bitcoin as bragging rights (we own 12% of all Bitcoin, look how cool we are), then Bitcoin won't follow pricing rates associated with a gold market cap or anything, it will be its own economic ecosystem, and it will be HUGE.
If you own one Bitcoin, that means there can only be 20,999,998 other people in the world who have more Bitcoin than you. Given that there are many people who own thousands of bitcoins, that means there will be significantly less people who can ever have more money than you.
I don't know exactly how wealthy, but if Bitcoin ownership becomes a big thing for tech, where companies like Apple, Google, and others want to hold onto Bitcoin as bragging rights (we own 12% of all Bitcoin, look how cool we are), then Bitcoin won't follow pricing rates associated with a gold market cap or anything, it will be its own economic ecosystem, and it will be HUGE.
Bitcoin has a lot of similarities with gold, and that is what investors think it can do well. You can have Bitcoin by downloading a series of digital codes to something like a USB flash drive.
Replace gold is something that can not be said, we all know that gold is the longest investment and the choice of everyone so that gold is now # 1, all countries make gold as a measure of wealth so that replacing gold is impossible.
Yes i think bitcoin cannot replace gold in terms of physical appearance, while if we speak about gaining we can really maybe say that we can considered bitcoin as a good source of income and it can really be used by the different types of life no matter who we are as long as we can do bitcoin we can really gain an extra income. While in gold if we don't have a big capital we cannot really own or invest gold.
Replace gold is something that can not be said, we all know that gold is the longest investment and the choice of everyone so that gold is now # 1, all countries make gold as a measure of wealth so that replacing gold is impossible.
I dont think so. In the end game Gold is still a precious metal and a beautiful thing in the eyes of a person. Bitcoin is a different story as it is a very good way to make transactions so as for the better currency the bitcoin would be best of two as for my opinion.
Yes, I agree to this opinion. It may be impossible for btc to replace totally gold. Gold is still a valued asset, precious metal , can be traded and used as investment instrument. While bitcoin is a digital asset. It can take the same functions as gold but it is complimentary and supporting each other.Laws and regulations are still needed to manage and control the operation of bitcoin all over the world. Gold know as investment for thousand years. Many people still believe in gold because they can see their investment because many people have traditional mindset. But for many people bitcoin is better than gold becase more flexible
For many traditional mindset, gold is more get their trust compare to bitcoin. They just need knowledge about digital world and about bitcoin. so they understand about gold. For me, bitcoin is more safe than gold and we can use around the world
gold is known in all over the world because of its expensive price. A lot of people invested their money in gold because of the fact that its price increase yearly compared to bitcoin still few investors because of the ups and down of the price and not stable. Bitcoin will never replace gold in terms of popularity price and investors.
#datarius
#datarius
Gold know as investment for thousand years. Many people still believe in gold because they can see their investment because many people have traditional mindset. But for many people bitcoin is better than gold becase more flexible
I don't think this time bitcoin can surpassed the value of gold since gold is very important to one's country so its value is very high. Bitcoin maybe good in the market but its market price is still always fluctuating and now in a low terms so I guess it has no stability yet unlike 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.
In my own opinion, there is really a huge chance for bitcoins to replace gold in the future because there are a lot of people today who are interested on cryptocurrency and bitcoins is gaining more popularity each day.
I don't think theres any reason to presume bitcoin can replace gold, nor the other way around
Two different purposes entirely
Two different purposes entirely
it wont because gold is still useful
Both bitcoin and gold has a value but the difference is gold has a stable value unlike bitcoin that is normally changing time by time. However, it is almost impossible gold can be replaced by bitcoin because most of the government in different countries are against in bitcoin while some people are using it and holding it.
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