Topic: Will bitcoin replace gold? - page 39. (Read 15701 times)
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 nevee go down. It just needs a lot of time before it goes up.
Maybe gold will be replaced by bitcoin. We all know that mine gold is not an easy thing and the process must dig the earth's soil so much that the observers of nature assume that the process of mining gold, silver, and others is a destructive act of nature. Different from bitcoin, the mining process does not damage the natural ecosystem in the least because mined bitcoin only requires internet and electricity so the possibility of bitcoin will replace the gold will be more wide open especially now the market in the world of trading almost dominated by bitcoin.
In terms of holding? bitcoin had overcome gold a long time ago, but if you will say to replace gold in peoples life it is the most impossible one 
as bitcoin can be a jewelry though bitcoin is one of the best investment of all time and we saw so many people got their millions having bitcoin.
GOLD IS GOLD in terms of people wearing it but today's life is all about bitcoin in terms of storing it!
as bitcoin can be a jewelry though bitcoin is one of the best investment of all time and we saw so many people got their millions having bitcoin.
GOLD IS GOLD in terms of people wearing it but today's life is all about bitcoin in terms of storing it!
Gold will be never be replaced. And also, gold is a physical medium unlike bitcoin, it is just virtual. Gold and bitcoin are two different medium
I think it will not replace gold. Because (for example) gold doesn't require electricity to trade, what if something goes wrong and a total blackout happen(No power and WIFI). if you have gold, it can be converted into cashout without having to have electricity or WIFI. But since bitcoin is booming today, we have to take advantage of it.
I don't think bitcoin will replace gold. These are two completely different things. Gold is difficult to compare with bitcoin. Bitcoin price is higher than gold, but people probably still have more confidence in gold.
Bitcoin and Gold both have some specific features in terms of making a profit. Gold has been regarded as the most popular saving tool among people regardless of nation or society. but the time has changed, day by day Bitcoin takes control of the business platform
How we compare bitcoin and gold, whether with price, value or as a currency, I was puzzled as to this.
But I think bitcoin and gold is something different so why we need to compare. We all know that gold is a metal that is very valuable and it used in making many think such a jewelry and bitcoin is crypto currency or like gold is a physical asset while bitcoin is digital one.
But I think bitcoin and gold is something different so why we need to compare. We all know that gold is a metal that is very valuable and it used in making many think such a jewelry and bitcoin is crypto currency or like gold is a physical asset while bitcoin is digital one.
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.
I dont think bitcoin can beat gold. Because gold is precious and it exist while on the other hand we cant even see or touch bitcoin. Gold is still gold. And I think thats the good reason why bitcoin cant overtake gold. Yes bitcoin is much more expensive than gold but lets see what will happen the next few days.
I think so, and i think no because we don't know internet will runing till the world end or not.
Even though Bitcoin have a higher price than gold and have advantages, for me Bitcoin can't replace gold. Gold is more valuable than Bitcoin, it has stable value and it have many uses. The more Gold than a Country has, the more wealthier, Gold are used for the currency of every country in the world. Even the bitcoin gains more value, it can't replace gold.
ya. easy profit but easy to loss your money too. but I think hold both of them are good. so bitcoin can't replace gold
I dont think so. In the end game Gold is still a precious metal and a beautiful thing in the eyes of a person. Bitcoin is a different story as it is a very good way to make transactions so as for the better currency the bitcoin would be best of two as for my opinion.
Of course no.aybe bitcoin has a high value than gold this time but it cant still replaced it they are different to each other and they have different characteristic as well. Bitcoin was digital only and not all people accept it even though you introduced it to them. Bitcoin will remain forever since then. Bitcoin cant replace gold even fiat to be honest.with bitcoin, we can easily profit in a very short period of time especially if you are skillful enough to buy at low price when there is a decrease of bitcoin price due to bad news against bitcoin and sell when people gets greedy. In short, when you buy low and sell high and buy when people are scared and sell when they are greedy.
I dont think so. In the end game Gold is still a precious metal and a beautiful thing in the eyes of a person. Bitcoin is a different story as it is a very good way to make transactions so as for the better currency the bitcoin would be best of two as for my opinion.
Of course no.aybe bitcoin has a high value than gold this time but it cant still replaced it they are different to each other and they have different characteristic as well. Bitcoin was digital only and not all people accept it even though you introduced it to them. Bitcoin will remain forever since then. Bitcoin cant replace gold even fiat to be honest.Gold in general is no better. The value of gold is nothing more than a result of a global consensus
hold it right there...
Gold is not just some shit you extract from earth and trade it to just have value. it has a thousand and one different usages in a wide range of fields. from electronics to medical. and from big (macro) to small (nano) sizes of it is being used.
and the "value" comes from these plus scarcity of it.
Absolutely correct. Comparing bitcoin to gold is like comparing apples to oranges.
I dont think so. In the end game Gold is still a precious metal and a beautiful thing in the eyes of a person. Bitcoin is a different story as it is a very good way to make transactions so as for the better currency the bitcoin would be best of two as for my opinion.
Of course no.aybe bitcoin has a high value than gold this time but it cant still replaced it they are different to each other and they have different characteristic as well. Bitcoin was digital only and not all people accept it even though you introduced it to them. Bitcoin will remain forever since then. Bitcoin cant replace gold even fiat to be honest. I dont think so. In the end game Gold is still a precious metal and a beautiful thing in the eyes of a person. Bitcoin is a different story as it is a very good way to make transactions so as for the better currency the bitcoin would be best of two as for my opinion.
Yes for me it wont happen. Bitcoin and gold are different to each other and they have their own charscteristic that the one have. Even bitcoin was more valuable when it comes to price still gold will not be replaced because it was a thing that all people in the world accept. Remember not all people are supporting bitcoin. Maybe bitcoin was a good way to make gold but that doesnt mean that it can replaced it. With time I think it'll definitely have more of a global standard considering everything is becoming digitized lol
everything becoming digitized will serve to make gold more valuable
With time I think it'll definitely have more of a global standard considering everything is becoming digitized lol
I'm sure that digital money, like Bitcoin, will even become an alternative to gold.
In my opinion, this is a change in the game, increasing the legitimacy of Bitcoin and, apparently, accelerating the replacement of gold by investors.
In my opinion, this is a change in the game, increasing the legitimacy of Bitcoin and, apparently, accelerating the replacement of gold by investors.
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