Topic: Will bitcoin replace gold? - page 5. (Read 15681 times)
I don't think so. Gold is a metal product. It is worthwhile. Special currency is digital gold. Because you excavate it, it is a valuable storage.
can you guys tell me,what is the reason behind this comparison ?
Bitcoin and Gold are a different assets,have a different goal and function.
it's totally different and yet you guys comparing it one and another ?
Gold is a precious metal,
and Bitcoin is a cryptocurrency.
based on that alone we should see the difference between one and another.
and why you're asking about will it replace gold or will it replace bitcoin ?
can you guys use Bitcoin as your jewelry ? of course you can not right ?
and can you guys use your gold to pay your bill oversea and use internet to do it ? you can not right ?
it's totally impossible for one of them replacing one another because they have their own function and their own use.
you can not compare it because of their 'colour' or because of their 'price'.
Bitcoin and Gold are a different assets,have a different goal and function.
it's totally different and yet you guys comparing it one and another ?
Gold is a precious metal,
and Bitcoin is a cryptocurrency.
based on that alone we should see the difference between one and another.
and why you're asking about will it replace gold or will it replace bitcoin ?
can you guys use Bitcoin as your jewelry ? of course you can not right ?
and can you guys use your gold to pay your bill oversea and use internet to do it ? you can not right ?
it's totally impossible for one of them replacing one another because they have their own function and their own use.
you can not compare it because of their 'colour' or because of their 'price'.
we can't imagine. because Bitcoin and Gold are different assets have a different goals, different function, and have different features. Through the bitcoin we do trading ,goods buy and selling. Gold is a Metal and generally we use it for jewelry .Mostly people use gold and save them just for showing other. They don't care about its price.
Gold serves another purpose that bitcoin can never support. That of consumption. Gold is required for ornamental as well as industrial purpose. There are huge applications of gold in space crafts, machines, even in day to day electronic products like cell phones. Bitcoin can never replace gold here at the least.
even if bitcoin doesn't replace, it will be as valuable as gold in the long run
In the situation of btc today, i think that wont happen in this time, because btc is getting lower and decreasing in every time and every hour passes by, the price of btc is very unstable. If btc goes down it will stay in its last price and increase in a short time and it will be back again or easily decrease. So it will take a long time after it will happen.
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.
Nowadays many people thinking that bitcoin may replace gold due to its popularity. And yes may be for some bitcoin is very popular but still they cannot replace gold because gold is trusted for so many decades and the market value is always increasing.
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.
Nowadays many people thinking that bitcoin may replace gold due to its popularity. And yes may be for some bitcoin is very popular but still they cannot replace gold because gold is trusted for so many decades and the market value is always increasing.
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.
It's not possible 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.
There are difference between the two because gold is is gold.Gold can be pawned while the bitcoin is a digital technology.Btc is a digital code on a computer.Gild can hold and touch and you can use it as a jewelry purposes.
well, I think gold will always prevail, and will always exceed the bitcoin. bitcoin has become something of interest today, but we do not know what will be popular in the future. but, I'm sure gold will always be in demand by everyone.
Could be, because btc the longer its price continues to increase, while the price of gold msih spelled stagnant, even if there is no significant price increase like BTC
I think they are different and have their respective advantages we can not equate gold with bitcoin, it will not be possible, gold will remain a wonderful item that is valuable to someone and so is bitcoin.
There are difference between the two because gold is is gold.Gold can be pawned while the bitcoin is a digital technology.Btc is a digital code on a computer.Gild can hold and touch and you can use it as a jewelry purposes.
Each has their own properties that are accustomed to different people. Some like gold because it has some other uses other than as an investment like for ornaments and awards. It's also physical. Bitcoin is digital with better security and accessibility.
This is basically the answer. You cannot really compare gold to bitcoin, they are two different things. It is like comparing the john to a boat. One is actually something you can hold and the other is something that is a digital code on a computer. When you think about bitcoin it only exists in a digital format. Gold you can hold and touch and you also use it for jewelry purposes. Bitcoins will not be able to replace gold. Because the bitcoin value is unstable and volatile. I think many people would buy bitcoin for business instead of buying it for storage like gold
I agree
absolutely different things
Bitcoin is a different story because this is a great way to make transactions so for better currency.
Bitcoins will not be able to replace gold. Because the bitcoin value is unstable and volatile. I think many people would buy bitcoin for business instead of buying it for storage like gold
No, Bitcoin will not replace gold or Gold will not replace BItcoin - they are different in many ways. But, for the time being, Investing in Bitcoin is better that investing in Gold.
No! Bitcoin is Bitcoin, Gold is Gold
it will never replaced it by one and another.
it will never replaced it by one and another.
I do not ever think Bitcoin can replace Gold. Gold is something that is valuable and innate in everyone's nature. Even the most illiterate people on the planet want to buy and secure gold, whether it is for a wedding gift for their daughter as an investment, or gold bars for the next seven generations. Everyone knows the value of gold and always will. Bitcoin is still a very small cap financial wealth generation tool and only a minority of the world's population really know about it and the banks and elite powers will not allow Bitcoin to ever take over any other financial market or gold and other metals/commodities.
Okay that is your opinion but I dont think that will happen. Both have their own identity and it is a big difference.
First of all people are loves the worldly things, it should be seen physically before they will believe it.
It will be more valuable if people believe it is true and gold have that all unlike bitcoin.
First of all people are loves the worldly things, it should be seen physically before they will believe it.
It will be more valuable if people believe it is true and gold have that all unlike bitcoin.
Jump to: