Will bitcoin replace gold? - page 28.

thirdprize

sr. member

Activity: 485

Merit: 274

Quote from: ?? on ??

i rly think that it will have a lot of trials to replace gold by bitcoin because gold is like a physical money now even bitcoin is like a physical money now bitcoin cant replace gold in this time but it will be in the future...
p.s.: I'm going to invest in safinus project, who knows these guys?

How many posts have posted today about safinus ? SPAM!!!

Itsmylife

sr. member

Activity: 1002

Merit: 250

Quote from: Ekimzjames20 on February 15, 2018, 05:29:40 AM

I think bitcoin can't replace gold. They are not similar forms. Gold is a type of jewelry that people can wear, touch and see. While bitcoin is a digital cryptocurrency. It is used to regulate the generation of units of currency and verify the transfer of funds.

I think bitcoin only replace gold when it is controlled by governments. Bitcoin and gold have one common point is they are used as a mesure of value.

JihanAs

jr. member

Activity: 70

Merit: 5

PITCH – THE FUTURE OF OPPORTUNITY

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 exchange rate in the form of goods why it can be high because it is not easy to obtain as well as gold and the like. Now this bitcoint is gaining in popularity because the various advantages can be felt for the future this is feasible if bitcoin is high.
the less expensive the bitcoin is. My hope with bitcoin can change globally about fast and efficient payments

perto01

newbie

Activity: 69

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I don't think for a second that cryptocurrencies will ever replace gold, for a number of reasons. Unlike cryptos, gold doesn't require electricity to trade. If you have gold jewelry or coins, they can be converted into cash-all without electricity or WiFi.

diguyo

full member

Activity: 278

Merit: 100

Gold is a precious metal, with real world uses and tangible value - bitcoin can be a store of value, but to replace gold is impossible...they are not the same.

Arumi.Bilqis

sr. member

Activity: 457

Merit: 250

This will not happen because gold has been known by the public since the first as a jewelry other than that between gold and bitcoin also has a different form let alone a very different price so that gold will survive and can not be replaced.

Ekimzjames20

member

Activity: 348

Merit: 10

I think bitcoin can't replace gold. They are not similar forms. Gold is a type of jewelry that people can wear, touch and see. While bitcoin is a digital cryptocurrency. It is used to regulate the generation of units of currency and verify the transfer of funds.

rog1121

full member

Activity: 350

Merit: 100

It is inconceivable for bitcoin to supplant gold and the other way around. I think it is credulous to believe that it would even happen. In case you're reason for bitcoin to supplant gold is its esteem or value then you unmistakably have the wrong thought here. Both bitcoin and gold has their own particular advantages which alternate does not have and in the event that you comprehend this then that by itself is all that could possibly be needed to legitimize that one won't supplant the other.

zzxswqq

member

Activity: 62

Merit: 10

It is inconceivable for bitcoin to supplant gold and the other way around. I think it is credulous to believe that it would even happen. In case you're reason for bitcoin to supplant gold is its esteem or value then you unmistakably have the wrong thought here. Both bitcoin and gold has their own particular advantages which alternate does not have and in the event that you comprehend this then that by itself is all that could possibly be needed to legitimize that one won't supplant the other.

zzxswqq

member

Activity: 62

Merit: 10

It is inconceivable for bitcoin to supplant gold and the other way around. I think it is credulous to feel that it would even happen. In case you're reason for bitcoin to supplant gold is its esteem or value then you obviously have the wrong thought here. Both bitcoin and gold has their own advantages which alternate does not have and in the event that you comprehend this then that by itself is all that could possibly be needed to legitimize that one won't supplant the other.

larva

newbie

Activity: 16

Merit: 1

Bitcoin has their own value and use in different transaction, gold is also like that they also have their own value but in terms of mining the bitcoin and gold it is easy way to get bitcoin and other crypto currency. gold is so slow to move their value unlike bitcoin easily increase..More people were able to participate in bitcoin's market compared to gold since it is more accessible and easily earned even by a regular employee and non professional traders which makes its demand and supply flourish greatly this year compared to gold.

s.mahmood

newbie

Activity: 294

Merit: 0

Once upon a time people buy gold by his cash gold is a precious thing,when he needs money than he sold it. but now is the time of internet and technology,bitcoin is a business which is operate by Internet. It easier and profitable risk less if you handal carefully, so I assume bitcoin replace in gold.

JohnB31

jr. member

Activity: 59

Merit: 1

Today is Valentines day.
Did you give
- Gold
- Bitcoin
- Something else
to your loved one?

Lester Cole

newbie

Activity: 25

Merit: 0

old is not the standard store of value, the U.S. dollar and the Euro are. Gold is a commodity whose price moves up and down, seemingly at random, like other commodities. It’s value is quoted in dollars or Euros.

Bitcoin is very unlikely to replace any of the above. It has become another commodity. Someday a virtual currency may supersede the others. It would have to be by international agreement between the major nations, and regulated by some central bank or similar institution. If this ever happens it won’t be within the next 50 years.

Leo Parrish

newbie

Activity: 43

Merit: 0

No it wont, simply because it cant.

Bitcoin is just false promise for naive people who dont understand that currency volume copying economy volume is essential feature of any possible usable currency.

Bitcoin market is just a casino, a pyramid scheme.

trickyriky

sr. member

Activity: 882

Merit: 251

Quote from: bitcoinorcash on February 06, 2018, 08:08:07 AM

Today, the bitcoin cannot replace that gold in other country because maybe that gold is narative money, but someday theres possibility that gold can replace bitcoin in the future so we jist need to persevere for the bitcoin future, my perspective about bitcoin can increase more bitcoins coz of transaction. Wink

Not today, not tomorrow, not anytime. Bitcoin will never replace gold as it is the value that is virtual, depending only on the demand and belief of people into it.

Ngajim

member

Activity: 279

Merit: 13

I don't think so, because this is a great storage value and people say bitcoin is digital gold.
bitcoin can not easily replace gold. gold can last for hunderds of years while bitcoin future is uncertain.

arrmia11

member

Activity: 406

Merit: 13

One thing cannot be replace by another thing. Therefore, there is no such things as replacing gold by bitcoin. You can never replace gold because of its nature of characteristic that is made by natural resources. Bitcoin is something that exists within the virtual world or technology that is man made. In terms of value gold is something that is stable while bitcoin is undetermined in terms of value.

Herjuna

newbie

Activity: 48

Merit: 0

I think it's impossible, because gold had become part of community life and long "ingrained" in human life, it is better we are looking for a lot of bitcoins for buying gold. Gold and bitcoins empirically are two different things Wink

Xelle

newbie

Activity: 46

Merit: 0

For me its a no.gold is known precious Since then up to now..

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