Topic: Will bitcoin replace gold? - page 33. (Read 15681 times)
I do not think that would be possible, because the bitcoin market with gold is very different. bitcoin does not replace gold. Because gold has been received in many different countries with bitcoin which is only accepted in some countries
I don't think gold will ever be replaced. It's a precious metal which we just keep using as we see put so much inherent value into it. It also has a lot of utility value and a strong history.
What is history? Experience shows us that history is always easy to rewrite. Thanks to the progress of technology are evolving. We used to think that aluminum was valuable. But over time, we were able to produce an unlimited number of aluminum. Most likely, gold is waiting for the same result as aluminum. And when this happens, the value of gold will become insignificant. This example can not be projected to bitcoin. Alas, my friend, but everything goes to this.
I think bitcoin can not replace gold. Both have different characteristics. Gold brings closeness to one's life. It is applied to many industries. It is a custom of shopping in many festivals, great days in many countries around the world. That shows the influence and importance of gold. Bitcoin is formed and developed by online technology. Bitcoin will be able to become a worldwide payment method but will not replace gold.
What is gold really? In simple terms, people agreed to regard gold as valuable. And all the fiat funds began to be considered secured by some of this gold. (Although in our time this is not so). It is also believed that the amount of gold on Earth is limited. Thus, the value of gold persists over time. Bitcoin emission is also limited. It remains for all people (or most) to recognize it as valuable and it will easily replace gold. Personally, I think this is a matter of time.
I don't think gold will ever be replaced. It's a precious metal which we just keep using as we see put so much inherent value into it. It also has a lot of utility value and a strong history.
This topic has sparked a lot of debate among us members of the forum, but for me honestly in terms of stability and the fact that itself has made a face in the market for a very long time, It's gotta be gold all the way. You wouldn't worry about the price and value of gold because it stays the same for a very long time. but if you want to earn more and you are willing to take the risk. I suggest you invest on bitcoins
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.
You can compare Bitcoin with the other cryptocurrencies... even with the centralized monetary units. But to compare with Gold is a different topic to consider. You see, Gold is definitely a high value metal used for years and the value is more stable than Bitcoin. Bitcoin as a cryptocurrency, shows drastic changes in value that happens even in a span of hour or minutes (sometimes). So with that being said, Bitcoin can never replace Gold when it comes to the stability of value. People who look for an alternative convenient option may opt to choose Bitcoin instead, but considering the overall risk that Bitcoin has compared to Gold, God is still the champion.
No, BITCOIN is a digital currency and can be a long-term investment Bitcoin is unstable. While gold is an item that can be used for investment today and could also future and gold in its form is real and gold stable.
According to the previous year the value of Bitcoin had tripled and the value of gold also gained .But for investment gold is an asset and Bitcoin for a short period of time.Bitcoin can be used as a medium of payments and gold used as jewellery and gift and is used for future.
Ofcourse it's not. Gold is still better than bitcoin but i could say both are good investment. For me, Gold is a safer investment than bitcoin due to volatility of bitcoin. Price of crypto always change but Gold is still stable even after how many years.
There might be a possibility in which bitcoin will be replaced by gold. However, bitcoin itself has a high volatility rate, in which gold has a more stable value. if we would like bitcoin to replace gold, bitcoin should first stabilize its value in the market and should ensure that it has a high currency value.
I think bitcoin will not replace gold because gold has a great value from many years and it has a unique features and bitcoin is moving on different route so both bitcoin and gold has different uses these two things will not cross at anytime so bitcoin will not replace 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.
Hi there. I have never used this website, and that is why I am replying to your statement so I can post because I could not figure out to post on this platform. Actually, I am looking to start a new company for a new project on the blockchain. Whoever is interested to join me please reply. The project is something new and not a SCAM. The issue is that I do not know how to code, how to perfectly interact with some technical issues on the blockchain, and that is why I am trying to form a new team online. The team members after the complete hiring will be relocated where the company holds its headquarters.
Thanks.
I don't so that bitcoin can replace gold. Because gold is the most strongest assest of people and gold are liked by people through out the whole world and no country have banes gold still in their country but every country want to get more and more gold while also people are liking to wear gold in their daily routine. While bitcoin is still very weak in front of gold market. It need alot of work and need to improve their performance more and more.
There might be a possibility in which bitcoin will be replaced by gold. However, bitcoin itself has a high volatility rate, in which gold has a more stable value. if we would like bitcoin to replace gold, bitcoin should first stabilize its value in the market and should ensure that it has a high currency value.
although the rise in bitcoin prices seemed to make the golden glow fade, even make the gold has dropped to its lowest level in nearly six months. but I think the bitcoin price spike has not been able to get investors off gold, because there is no evidence of a mass exodus from gold, even investors still think gold is the safest investment.
I think bitcoin cannot replace gold. Gold is the main fundation off every contenent or every country over the dacades. Ever since we are not born on this world gold is already there. Where back early decades gold is the main source of payments. When money is not develop. Gold is part of the history. No one can replace gold In general.
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 and gold have its own characteristics.But I dont think that bitcoin can replace gold. Gold is mold into hundred years before it becomes gold. Maybe its good to say that you can buy gold when you have a bitcoin. 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.
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 if we can use bitcoin to make a pair of earrings, a necklace or a ring then we can say that bitcoin will replace gold. 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 think bitcoin can not replace gold, because bitcoin and gold are different, gold is better than bitcoin because gold is mostly used for jewelry whereas bitcoin is mostly used for payment like money
It is possible in some countries. Also not possible in some countries. Those who give important for gold it is possible only after they know about bitcoin.
Yes, people in China and China, for example, can not deny the value of gold. Even though there are many people who are investing in bitcoin now, gold remains the most valuable asset among them. Jump to: