Will bitcoin replace gold? - page 21.

jump4ever

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Quote from: JDS1000 on March 10, 2018, 10:13:02 AM

Quote from: jump4ever on March 10, 2018, 10:12:34 AM

Quote from: JDS1000 on March 10, 2018, 10:11:38 AM

I think gold is much better than bitcoin. It is more reliable and tested for years. Moreover, all countries recognize it. Unlike bitcoin.

Why is that? Do not you think that the recognition by the states of the currency will improve them? On the contrary, I think that this will have a negative impact.

This is a very important factor. It is necessary to recognize the currency by the state and banks. Without this, I think no currency will live long

Is it negative? Of course not. If you want to use this currency as an exchange in everyday life, then recognition of it by banks is an important factor.

JDS1000

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Quote from: jump4ever on March 10, 2018, 10:12:34 AM

Quote from: JDS1000 on March 10, 2018, 10:11:38 AM

I think gold is much better than bitcoin. It is more reliable and tested for years. Moreover, all countries recognize it. Unlike bitcoin.

Why is that? Do not you think that the recognition by the states of the currency will improve them? On the contrary, I think that this will have a negative impact.

This is a very important factor. It is necessary to recognize the currency by the state and banks. Without this, I think no currency will live long

jump4ever

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Activity: 257

Merit: 100

Quote from: JDS1000 on March 10, 2018, 10:11:38 AM

I think gold is much better than bitcoin. It is more reliable and tested for years. Moreover, all countries recognize it. Unlike bitcoin.

This is a very important factor. It is necessary to recognize the currency by the state and banks. Without this, I think no currency will live long

JDS1000

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Activity: 414

Merit: 250

I think gold is much better than bitcoin. It is more reliable and tested for years. Moreover, all countries recognize it. Unlike bitcoin.

engrdaver

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Stop co relating gold from BTC. Gold will always be around to control the value of currencies per country while BTC is a system of currency on its own. It may be surpassing the value of gold atm but having physical form, gold will always be the main item in foreign exchanges.

Traslavin

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Quote from: PatyZante on March 09, 2018, 02:15:54 PM

I think otherwise, for me while Bitcoin is very successful and is a technological innovation for the future, it doesn't negate the fact that Gold is still very valuable and has lots of purposes as well. I don't think that Bitcoin will ever replace gold, but they can co-exist just like now.

I guess yes because I believe that anything can be happen anytime and no one could tell. Besides bitcoin has already a value that was really amzing like gold. But I didn't also mean that it would totally replaced gold because until now we can't deny the great value of gold in our society even we are now in a fast growing modern technology.

xhoondilan

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Gold is different from bitcoin because gold is only miners can mine it also it is very hard to mine while it bitcoin anyone can mine if you have enough knowledge to it and also budget you can mine bitcoin anywhere but in gold you can only mine in the tunnels on selected area. So they are very different and has there own purpose

Marileno

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It is possible, but very very unlikely. Gold is used as a raw material for the production of many goods, and it's use has been part of many cultures for thousands of years. This type of thing does not just go away. It may take many many generations , if ever.

Vladimir4ik1

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Quote from: [email protected] on October 05, 2017, 08:08:14 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 seems bitcoin will not replace gold, because bitcoin is not stable and if you think logically that bitcoin and gold are completely different things.

Txslady

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In my own opinion, if the basis is the price, yes Bitcoin can replace gold. But if the basis is durability and other physical things, Bitcoin can't replace gold. Gold is still gold. It's price will go up and it would neveк go down. It just needs a lot of time before it goes up.

Ishiro5

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

The two are mutually exclusive in their natures. Though the economics around them seem to be similar when we take the perspective of demand and supply, universal nature and consensus. But basically, mining structure is different and of course their asset nature somewhat differs, one is tangible and the other is simply digital.

fotosonics

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I think the function of bitcoin still can not replace the function of gold even though bitcoin value is higher than gold, and gold is a pretty safe investment because gold price movement is quite stable unlike bitcoin. but generally gold investment in female dominance.

deddod

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Bitcoin is very famous today even the price is much more expensive than the price of gold. but that does not mean Bitcoin will replace gold.
as we know that gold will remain valuable until the world is destroyed.
Unlike Bitcoin, if the internet is dead then bitcoin will die.

IsabelCornd

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Bitcoin will never replace gold because gold is better and to much different from bitcoin. People used to compare things but this time it's a bad idea.

kadutz25

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I think gold has been popular for a long time among small communities. The middle and high levels of gold are very popular and on the assets made by them and now bitcoin can also be made in the asset of course we do not have to bother carrying the goods because bitcoin is so easy to use and with advances when I think that bitcoin can replace gold because it is faster and profits can double if we buy cheaply and sell at high prices.

Charloz24

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Yes i agree on that bitcoin and gold has abig difference in appearance thatis why bitcoin vannot really replace bitcoin in terms of physical status but if we speak about the price or maybe the value or in gaining process maybe gold have been already defeated by bitcoin because bitcoin is really profitable investment than gold .

PatyZante

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I think otherwise, for me while Bitcoin is very successful and is a technological innovation for the future, it doesn't negate the fact that Gold is still very valuable and has lots of purposes as well. I don't think that Bitcoin will ever replace gold, but they can co-exist just like now.

Udrujec

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I do not think that bitcoin can completely replace gold, as it still remains a classic for investment. But they may well coexist side by side.

rampage101

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Each era should have its own investment value, now it is bitcoin, as we live in an era of digital technology.

Raisul Islam

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I think it's not posible.Because bitcoin is the top crypto currency in the world.Crypto currency can't divert into any other things.We know gold has a fixed price all time and it's don't rise a huge of amount in small time,but bitcoin price rise huge of amount in a small time.So bitcoin is better then gold everytime.

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