Will bitcoin replace gold? - page 51.

JhonWong

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Quote from: Helen.m on January 03, 2018, 12:33:19 PM

Quote from: leirou on October 05, 2017, 08:11:25 AM

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.

is unreal. Gold is very important in our life and I'm not sure that Bitcoin is forever too

You are right!
Gold can be made into jewelry for wearing. Does anyone wear a smart device to show you how many bitcoins he / she currently has?
I can not imagine.

Ngewex Yuk

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To replace gold would need something extraordinary, if all countries legalize bitcoin then I'm sure bitcoin soon replace gold, but unfortunately it has not happened and gold is still number # 1.

Liquidathor22

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There is no way that bitcoin will replace the value of gold or vice versa. Gold and Bitcoin is on different field, thus there is no way they can replace each other.

JTEN18

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Quote from: bocahrawalo1996 on January 04, 2018, 09:33:30 AM

Gold and bitcoin are two excellent investment tools right now. Gold is in great demand by everyone. Gold is the most expensive metal among the others. The price is very stable stable. So is bitcoin today many people who want to invest using bitcoin because it is very high price. So if we invest in these two types I think this is the right decision.

Just what people are saying, they are both profitable and for me there is nothing wrong if we will invest in both of them and add investing in Oil since it was the top ways to earn when it comes to investing, but when referring to replacing gold I think for now it was already replaced since bitcoin price really pumps high and it was a history.

bocahrawalo1996

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Gold and bitcoin are two excellent investment tools right now. Gold is in great demand by everyone. Gold is the most expensive metal among the others. The price is very stable stable. So is bitcoin today many people who want to invest using bitcoin because it is very high price. So if we invest in these two types I think this is the right decision.

ZaynDale

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T H E G O L D E N I C O

Quote from: iyamoxjhian on January 04, 2018, 08:58:40 AM

I think Gold is gold and Bitcoin is bitcoin. Gold is as good as a material thing that you can collect and treasure like for display purposes and for keepings. But Bitcoin for me is bitcoin like an income generation for profits and sources of incomes as its market value is way different to other real currencies. Bitcoin is unremarkable as it continuously helps the income generation. Although bitcoin is a digital currency, it's value is way higher to compare to normal currency. But I would love to collect golds while earning in bitcoin and doing it as my hobbies and past time.

I agree, the differ in so many aspects. Gold is tangible while Bitcoin is not. Bitcoin is for transaction purposes which later on become means to accumulate money through mining and many more. Bitcoin' s price depends on the demand over the supply. While gold depend mostly on its wheight or how it looks, sometimes depending who made it into something, sometime depending which country it came from.

ZaynDale

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Bitcoin can never replace gold nor gold can replace bitcoin. They are not alike. Both have different purpose. It's price also depend on different aspects. Originally, bitcoin was not made to make us rich, it was made to make transactions quicker and many more. While gold for me is just a thing use to decorate human bodies as jewelries or should say for display only as decoration to some houses. I mean, what is gold really is for?

fistteam

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Gold is a precious metal. It has many benefits, and it lasted a long time. It has aesthetic value. So, I think bitcoin can not replace gold.

bitcoinveda

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Gold is 8 Trillion dollar market but Bitcoin is 300 Billion dollar market cap but in next 3 years bitcoin market will be 10 trillion dollars then bitcoin will replace gold

iyamoxjhian

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I think Gold is gold and Bitcoin is bitcoin. Gold is as good as a material thing that you can collect and treasure like for display purposes and for keepings. But Bitcoin for me is bitcoin like an income generation for profits and sources of incomes as its market value is way different to other real currencies. Bitcoin is unremarkable as it continuously helps the income generation. Although bitcoin is a digital currency, it's value is way higher to compare to normal currency. But I would love to collect golds while earning in bitcoin and doing it as my hobbies and past time.

randal9

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looking what to mean by the word "replace"...I think that bitcoin has already replaced gold in the issue of the number of interested...in the issue of reliability - gold certainly wins...but maybe it's not for long

Lmaooo

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santacoin.io

Yes, i believe so in time like the next 100 years in the future when bitcoin price fully stabilized since bitcoin is also a store of value like gold but only better because bitcoin value grow faster than gold.

TheRealMrQ

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Unfortunately not in our lifetime. We have to concider older people and their believes. It is a cultural, cosmetic and aswell a fundimental change in thought, processing and acceptance.

grinvd410

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I think Bitcoin never replase gold. But absolutely true that it will be (actually its hapening right now) some analog of gold to moders economics.

Chainblock

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It's unlikely to replace gold as this would require Bitcoin becoming mainstream and the government backing their fiat currency by Bitcoin or completely embracing Bitcoin.

Helen.m

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Quote from: leirou on October 05, 2017, 08:11:25 AM

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.

is unreal. Gold is very important in our life and I'm not sure that Bitcoin is forever too

weblaraveluser

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Quote from: leirou on October 05, 2017, 08:11:25 AM

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.

Its true that gold is more precious that bitcoins but it was very hard to obtain gold and it is only for the wealthy people. We are so very lucky that in our generation there is bitcoin that exist and we have a way to earn this coin so we can live a happy life each day and never worry about the future.

qvoca

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Decentralized Application Platform

I think it will not happen in future. Why bitcoin must be as gold? Bitcoin is a better than gold and other

BigBos

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Quote from: nominee on January 03, 2018, 11:16:40 AM

Quote from: Tszunami98 on January 03, 2018, 09:23:53 AM

People have already realised that to own value you dont really have to have a phisical thing. Gold is already starting to lose ground in the battle with bitcoin. Gold is just the first obstacle in front of bitcoin.

People don't see this as a fight between gold and bitcoin because they already know that bitcoin is way different than gold. Gold is physical but bitcoin is rising with its technology. Nothing actually to back it.

you are right, they are between the two worlds. but I feel that bitcoin will not replace gold, however, the demand for bitcoin will probably be more in comparison with gold, because of the current development.

ngod91

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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.

There are many people who will think like me, bitcoin will not be able to replace gold, gold price may be much lower than Bitcoin, but for Bitcoin to occupy the market is not possible, gold can now is considered as an indispensable jewelry

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