Will bitcoin replace gold? - page 16.

Rhoby10

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Quote from: [email protected] on October 05, 2017, 09:08:14 AM

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.

well i think yes its just replace a gold because its just a similar in coins and its great to us because its good oppurtunity and that you earn coins just like a gold

jcpone

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Bitcoin and gold is both have a value. I think bitcoin will not be able to replace gold because gold is already exist in the world and it is treat as treasure. However bitcoin is have an advantage and disadvantange in currency, some country, the government didnot accept bitcoin.

drukoz2

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Bitcoin will not be able to replace gold because these are two completely different things. They may well exist in parallel, but gold will forever remain the most reliable.

JonathanCoper

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I don't think bitcoin will replace any kind of local money or gold. In the end, gold still a premium metal, a physical thing and it is a standard of material. Bitcoin can be seen as gold 2.0 in the internet and the price of bitcoin higher than gold in general. However, it is almost impossible gold can be replaced by bitcoin. Bitcoin is banned from many countries and i just hope in the future bitcoin can become popular and be accepted by government

WesternCowboyBibop

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According to me both gold ad BTC same dialectic. Both meanings for people is simular. Both are suitable for reserved emtia. Because both are rare items and limited supply on nature.

ooeygooeygold

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I think bitcoin can only replace gold in terms of investing and saving. Gold can not beat the bitcoin in terms of technology and privacy, but gold has advantages in terms of usefulness to store state assets in addition to paper money. Bitcoin and gold have their respective advantages and disadvantages.

hsyncl

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the fact that the banking factor is in the midst of it, the lack of a physical dimension, the safe storage of bitcoin memories, and the ability to use it as a common currency all over the world, such as gold, has increased demand. besides there may be safety disadvantages of bitcoin. Investments made in large quantities can always remain vulnerable to Internet attacks. Positive and negative aspects, bitcoin will become more dominant in the long run when both the technology dimension is taken into consideration. BitCoin will also lead to increased demand for investment.

voron84-05

newbie

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Will the cat replace the chicken?
I probably asked a similar question.
Gold is no longer a means of calculating and rather its value is purely technical need and for ornaments, so gold is not a technology.
Bitcoin and its technology is a new generation of data transmission media and I think his possibilities are unlimited, we can not even imagine them today.
So comparing them is pointless.

nicosey

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They are complimentary. Hence your seeing Gold Tokens come out this year.

newBIeT

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These two are completely different from each other. How can bitcoin replace gold where in fact bitcoin is a digital currency and gold is a precious metal. Yes they are at the top list considering that they both have high value but still different situation. It's like saying will a CEO of a Big Company Replace a King? (Provided the CEO is not a member of a royal family) Yes they are both leaders to their own kingdom, rulers to their people but still CEOs are replaced by the people next in rank and kings are replaced by their prince. Both are on top, yet different kingdoms.

joymarker

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Quote from: [email protected] on October 05, 2017, 09:08:14 AM

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 telah dikatakan sebagai emas baru. Sistem moneter global dalam inflasi; investor selalu menganggap emas sebagai pelarian dari inflasi dan pilihan terakhir .

isomoyes

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it already discuss many time that bitcoin will and still beating gold in present
but the future market is unpredictable so i cant assure u about the future market
but for me stability is the main reason
when the market goes to stability position it will make a fixed level where it will make there next momentum
so as the bitcoin liquidity is so high the market is not stable yet
so in my opinion if bitcoin reaches in 20 k and make a stable position then it will surely overcome the gold market
otherwise the rest of the fate of bitcoin will depends on the future

Minionnn

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I think that will not happen. Although bitcoin thrives and it has many benefits, it’s value is unstable. Gold is a precious metal. It has aesthetic value that bitcoin does not have.

CryptoBatman1

newbie

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Bitcoin cannot replace gold because both are different in their ways. Bitcoin is a digital currency, where as gold is the metal counterpart to Bitcoin.

Byatt

member

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Bitcoin is better investment and asset than gold if you just well enough to know the strategies about investing on it

ZixCoin

newbie

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Gold is the precious metal found in earth and the value of money is measure through to it, while BTC is a virtual currency you cannot touch it but it has a value and comparable to the value of gold. It’s up to the users in which he prepare, gold is a fix assets while BTC is a volatile assets. But very versatile you can carry it anywhere.

jerowacik

legendary

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Bitcoin is energizing some investors, especially millennials, in ways that gold might have a hard time doing. The proof is all over the internet. You can find a number of TED Talks on Bitcoin, cryptocurrencies and the blockchain. So it's definetly replace gold in 5-10 years.

Nyenyepogi

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Quote from: [email protected] on October 05, 2017, 09:08:14 AM

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 replace gold. By the way it has replaced because bitcoin is going very rapidly while gold is going very slowly. Gold is an old era while Bitcoin is new technology even they are launching there new project about gold too. Which is called bitcoingold. Where people will purchase and then sell after the price of bitcoingold increase so we cannot say that bitcoin will never replace gold but it has replaced gold because bitcoin having potential power while gold does not having that power.

EdfuJihad

member

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I think it will replace soon. Having gold is not as much as having bitcoin. You must have the purest gold to hav an equivalent high price. The investment in bitcoin is higher and more faster than gold. Bitcoin offers easy ways to earn in large amount without bothering anuthing. Unlike gold, bitcoin is accessible because of the technology used as medium.

Sand King

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Quote from: DoublerHunter on December 09, 2017, 09:14:17 PM

Quote from: Jafri101 on December 09, 2017, 08:48:32 PM

If yoy are talking bitcoin as an asset then yes it has already replaced gold to great extent. People nowadays happily hold bitcoins rather then gold because of its price and profit.

Gold are existing and gold is very different compare to bitcoin. Bitcoin will not replace the gold because bitcoin is different and i also think that bitcoin is a better thing to hold rather than gold because if you will hold bitcoin then you can earn faster than holding the gold because the gold is just so slow and almost stable.

I agree with this, gold are different from bitcoin. Bitcoin is a digital currency and intangible. Gold is tangible. When you invest in bitcoin is more faster than when you invest in gold. I think investing in gold will lead you to slow down your success, while in bitcoin you can be succesful faster than any other investments you would make.

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