Will bitcoin replace gold? - page 23.

reynilynedago

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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.

I doubt any product would replace gold in the market. As we all know for the thousands of years thst gold has been in on the market no other product, though popular and higher in monetary value, could compete to the stability of gold in its throne. I could only say that bitcoin would be a good alternative investment than gold but in truth we do not really replace gold in the market, we only find alternatives that would offer us a higher profit.

kil5478

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There is no point in even comparing these two financial assets.
Only those who want to save their money from inflation invest in gold.

Mr.Anonymous

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Quote from: kikoy999 on March 03, 2018, 10:22:12 AM

yes, that's because the price of bitcoin is still worth the price of gold because it's gold year this year before its price rises or decreases so slowly as unlike bitcoin time hours the price can rise and can also drop so fast The more so people prefer bitcoin investing than gold investing.

The profit from Bitcoin make the investor from Gold market pay attention into the cryptocurrency market. First, the normal investor will choose Bitcoin for investment, but after a short time invested, I am sure those traders will become the cryptocurrency trader, not only Bitcoin for trading, because the profit from Altcoin is more interesting than Bitcoin.

Raju Ahammed

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No
It's not posible.Because bitcoin price is so high all of things.There is nothing valueable in the world Like Bitcoin.Bitcoin price like a rollar coster.It can move anytime.But gold has a fixed price .Gold price can't hitt this kind of value anytime.So bitcoin can't replace in gold,thank you.

kikoy999

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yes, that's because the price of bitcoin is still worth the price of gold because it's gold year this year before its price rises or decreases so slowly as unlike bitcoin time hours the price can rise and can also drop so fast The more so people prefer bitcoin investing than gold investing.

tanginamoo

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Quote from: RamBahadur.Gurung on March 03, 2018, 09:55:18 AM

I don't think that Bitcoin is ever going to replace gold. Because I don't think that a physical asset can be replaced by a digital asset. On top of that, gold is mostly preferred by the old school investors, while it is the youth and the middle-aged who are preferring Bitcoin.

Exactly, couldn’t agree more. I also do believe that people is more convince when the thing that they treasure is at physical state. Also gold has been here in the Earth ages ago and no one replaced it as tome goes by.

RamBahadur.Gurung

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I don't think that Bitcoin is ever going to replace gold. Because I don't think that a physical asset can be replaced by a digital asset. On top of that, gold is mostly preferred by the old school investors, while it is the youth and the middle-aged who are preferring Bitcoin.

GavenJack

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I believe that people who say that gold is better than bitcoin, maybe just afraid or simply not familiar with crypto-currencies. And generally I would not compare these two things, because bitcoin is a digital currency and has a huge potential. And gold is a standard that has been valued for centuries. But still I want to remind you that the future lies behind technology. Therefore, my opinion is simply stupid to compare these two resources.

gvnsrbtc

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Gold can not be replaced so easily, you must know that gold has been one of the most strongest currencies since pre-history times, so there is nothing new with this, it can not be replaced because of anew cryptocurrencies, because a lot of people are storing their life saves in gold.

Antivoid

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in the long future, gold may disappear, for example, we find a planet full of gold, btc also have the risk to disappear that the technology of computer advanced a lot, and people can break the cryptography algorithm of btc easily, anything can happen in the future

Vin183~

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It can be if many people do and trust btc

cryptonoel

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No i dont think so. I think bitcoin never replace gold. Each of them has different advantages and disadvantages.So they will never replace each other.

Danglen1010

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Actually for me it is a no because the company of bitcoin has no physical substance and no capacity to replace the gold since gold is very essential and vital need in our world and our system as well.

atariguy

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Buying golden assets is always better than buying physical gold, you can trasfer it worldwide

seattlenonsmoker

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Yes and no. yes because the standard to refer to great cash as the bitcoin price rises becomes easier to do so. However, because Gold is a precious metal, It is a physical reference to the fiat currency holders who don't believe yet in the digital currency.

Token_King

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Maybe yes and maybe no because we don't know what will happen in the future

millenniumcoin

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I think that bitcoin will be more valuable than gold if all the word generally accept and wecome it use as it is to gold for many years .It is also important to note that Gold has demonstrated reliability. Civilizations have traded Gold since roughly 600 B.C. and it continues to be used by dealers and investors with great enthusiasm today. If bitcoin is adopted worldwide , i think Bitcoin may overtake gold.

Gramna

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Quote from: zigfridna on February 27, 2018, 12:05:31 PM

There is no comparison between the two. I think gold has the advantage that a lot of people have developed trust on it over the years.

I agree with you; I do not think that it is necessary to compare the two. Maybe the words to say is Bitcoin could be reliable as gold in the future. Bitcoin has a potential to be more profitable than gold but it will not replace it.

melekseverce

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I think that Bitcoin will become second gold. The first one except of beeing part of our culture is rare, hard to mine/extract metal so it will be precious probably forever. Bitcoin is still growing. I think in next couple of years it will be much more valuable than is now. Also more popular and stable.

mimicalo

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Certainly not.

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