Topic: Will bitcoin replace gold? - page 37. (Read 15701 times)
I don't think so. Gold is a tangible product, which been trading for thousand of years, and it's value never went down... it will always goes up due to the demand of gold. People trust in gold, and everyone in the world knows about it. But in term of bitcoin not even 1% population in the world know about bitcoin. Bitcoin right now in early stage, let it go 2 or 3 more years to get more popular, than we can compare.
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.
BTC is a good store of value but I don't like it being compared to gold. There is a limited amount of gold and you can't really crate more. You can create cryptocurrency which is identical to bitcoin so bitcoin isn't really one of a kind like how gold is.
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.
. Not yet still, gold is incomparable from bitcoin, gold has an element, composition. It is a metal. It has a physical form. You can have them by digging underground by legit miners. It’s value is also increasing consistently. It never fades , it’s forever. Although bitcoin has been recognized through internet as digital a digital currency and yet compared to real gold we can just have them by digging or mining through internet. There is gold inside the WiFi . Can not be touch, but it can be used in so many transactions worldwide. Easy to transfer through online with at low fees. It could be an asset while keeping it, the value is also increasing. 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.
that is impossible...you will never cant replace gold with virtual thing like bitcoin...maybe for now they are very valuable thing but for bitcoin it will useless when internet shutdown permanently...i still believe when coming a time we should only use gold for everything else and there are no fiat money anymore
I don't think so
But there are some icos coming which are backed by gold
Bitcoin and gold are different in terms of value. But due to bitcoin's increasing value and people's demand there's a possibility that will happen. But there are some icos coming which are backed by gold
ofcourse bitcoin can replace gold but bitcoin is best and worlds next king 
will I hope so if not now then maybe after in few year later it will completely replace gold I have a very strong feeling about it hope this will happen soon
I don't think so, because there are so many places in the world where there is no Internet, and where there is no Internet, bitcoin is not worth it.
So gold has its value.
So gold has its value.
Nah I don't think so. Although gold and bitcoin is both mining, golds value depends on how big it is (not sure) and it is known and globally legal. While bitcoin is, crypto, and globally known but not legal (on some other countries) and its value is not stable at all
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Bitcoin will never replace gold, the same as I never understand how people can compare both, gold has allways kept its value and it will allways keep its value, it is something physical you can store and hold of great value, Bitcoin as of now is manipulated by people with big money and some power, even when it stabilizes one day it will never replace gold, it could be a store of value (digital) but one is foolish to compare both.
It's like comparing apples and peas. So answer to the question is: no. But both are here to stay, each of them solves it's own problem, so there will be demand for both of them.
In my opinion. Bitcoin and Gold both have differences features mostly on the value and uses. There are many ways to earn bitcoin like trading, invest, gambling and to join signature or bounty. Most people nowadays are negotiating on the cryptocurrency because you can use the bitcoin buying stuff or use it payment on online or even offline Otherwise, Gold is also better investment but too hard to have it, and if you already have the gold, you should keep it safe.
Yes that right, I'm also think like that Bitcoin and gold are two different things, Bitcoin is not a gold competitor because market share is different, if any say Bitcoin can replace gold then it will never happen, gold until whenever will be accepted and price stable. So Bitcoin will not be possible to replace gold, let alone I do not think that Bitcoin is a competitor for gold.
Bitcoin and gold may be both valuable but I think that they are very different from each other. So bitcoin replacing gold, or vice versa, may not be possible. Bitcoin, as we all know, is a cryptocurrency. A digital money. It may be used as a worldwide payment system. While gold is a metal that may be found on earth use to make jewelries or it may also be use to know how wealthy a person is. They are both valuable. Their price may also fluctuate. But their uses are different. Hence, for me, replacing one another is not possible.
In my opinion. Bitcoin and Gold both have differences features mostly on the value and uses. There are many ways to earn bitcoin like trading, invest, gambling and to join signature or bounty. Most people nowadays are negotiating on the cryptocurrency because you can use the bitcoin buying stuff or use it payment on online or even offline Otherwise, Gold is also better investment but too hard to have it, and if you already have the gold, you should keep it safe.
I think bitcoin can only replace bitcoin in among the men , but not for women,gold for women is a tool in use such as a bracelet to beautify herself.
I think,. people's assessment of bitcoin and gold have different angles, in terms of both types are distinctly different, but substantially have the same function and value, the two tools that bring financial benefits, in practice between the investment of bitcoin and gold it depends on the need the investors themselves, I think bitcoin will be better than gold. I think in the future gold investors will start to move on bitcoin because of the various aspects of bitcoin more profitable than gold.
Bitcoin and gold are completely different from each other. They do not have any similar views. Gold is a kind of metal that can be found in the world, not a digital thing like Bitcoin. So there is no reason that the Bitcoin gold will be replaced, only they are competing at the top of both of them as the market price war.
Well said, sir.. Their only similarity is that people around the world have agreed that they have value. Otherwise, both are useless.
Bitcoin and gold are completely different from each other. They do not have any similar views. Gold is a kind of metal that can be found in the world, not a digital thing like Bitcoin. So there is no reason that the Bitcoin gold will be replaced, only they are competing at the top of both of them as the market price war.
I don't see Bitcoin has potential to replace gold. Maybe other new cryptos can
Bitcoin can not replace gold. Other new cryptos can not replace gold. Gold, as a currency for thousands of years, is a sound investment, but also a kind, and virtual digital currency does not exist. It may be a String code, so the status of gold can not be replaced. Jump to: