Will bitcoin replace gold? - page 55.

Pintasak

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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.

Eventually it can really replaced bitcoin from gold because bitcoin is more popular.bitcoin increases time to time.People nowadays invest more to bitcoin because they beleive and trust to its of genuality

josephinerosdy

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No and never. bitcoin and gold is different. many people have no idea about bitcoin or don't believe in bitcoin. many people afraid invest in cryptocurrency, they still prefer invest on gold.

BILGPS

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I think bitcoin will replace gold soon the bitcoin popularity is high the crypto market is expanding through out the world. Bitcoin in the word of mouth for every one we have the lucky to have bitcoin and the modern educated people have invested their money into the crypto currencies. bitcoin is very popular in the last few years and the market value of this currency is very high.

_noname_

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Gold is as yet known and is utilized for a considerable length of time. Gold has a more steady market esteem contrasted with Bitcoin, realizing that it has a physical esteem and is utilized to various nations not at all like Bitcoin. Bitcoin isn't yet legitimate to a few nations and furthermore has an unstable market esteem that influences its adequacy as a speculation or as a benefit. Perhaps later on the off chance that it will be legitimate to the vast majority of the nations it will be capable in light of the fact that the request will be high that will make it more steady as it is being utilized on normal exchanges. It has an opportunity to beat Gold as the best resource or venture however I question that it will supplant it and will make Gold outdated.

machinationus

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bitcoin can not replace gold since it is a virtual currency and gold is physical, beyond its totally different values many people used it as a way of saving since gold has been around for a long time

Pussycatdollsexy69

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Bitcoin is a digital asset, that's mean we can't touch and have it phisically but we can gain benefit from bitcoin.
I think bitcoin can't replace the popularity of gold. Gold is common asset that can received around the world.
It has surely value time by time and people still believe that gold has the different characteristics from other commodities.
Gold is very valuable because it has 'golden quality' Tongue

anas2909

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Actually bitcoin and gold has their own market. Bitcoin and Gold both have some specific features in terms of making profit.
Gold has been considered the most popular saving tool among the people. but the time has been changed, in the current day Bitcoin is taking the control over the business platform. Bitcoin growth so rapidly. That's why i think bitcoin will replace of the gold in the future.

Blackwhite69

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Bitcoin will replace gold seems impossible because they are different even though the price of Bitcoin is far from gold at the moment. Wink

jjeeppeerrxx

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Both of them are different so it's hard to say that Bitcoins will replace Gold in the future. Gold is Gold and Bitcoin is Bitcoin there should be no comparison at all. Just saying!

sunilnagaraja1996

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yes bitcoin will replace gold because of bitcoin going up and up day by day already bitcoin cross the gold value so upcoming days also bitcoin will be more value greater then gold so i like to buy bitcoin not gold

gabbiee

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Bitcoin and gold are both different because they have their own purpose. Gold is existing as a physical asset, it is much efficient to those who want to be able to touch it. But you cannot be profitable with gold unlike with bitcoin because the value of gold is almost stable unlike with bitcoin we can take advantage of its volatility by investing on it for long term.

cryptobengal

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gold will always be gold and have a store of value to humans, Bitcoin well as long as we have internet and tech, people will find value in it , we hope .lol

getzer

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TokenLoyalty.io

Quote from: ?? on ??

What we need is a BTC / gold exchange.. Cool

it is not available on majority of countries right now. i am doubt that people will want to create an exchange between these 2 things

MS.LAWLIET

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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.

Even if time passed by the value of gold will never disappear. It already stayed for million of years. As for bitcoin it is just starting though it is a promising currency for it has a lots of advantages but it don't have a fix price that leaves doubt to the users. I don't think bitcoin will replace gold but bitcoin can be as precious as gold.

rikybrosh

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Quote from: ?? on ??

What we need is a BTC / gold exchange.. Cool

Correct, after paper money disapear, bitcoin will be exchanged with gold. Many countries are leave their paper money. They trying to become cashless countries but I am sure that they cannot leave gold. Bitcoin will not replace gold but will be the representations of gold.

intoy_victor

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Will in popularity between bitcoin and gold, gold is more popular that bitcoin. Gold is an ancient currency even in the year of BEC gold is already known. While bitcoin is popular this 20s and bitcoin supass the value of gold right now. One day bitcoin will know all over the world someday.

However bitcoin maybe or possible replace gold in the future but in the end of the day gold will be remain as gold always.

teejaymuna

newbie

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Yes. And I see this happening in no time.

tree1100hn

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I think in the future, BTC will really replace gold, because of his digital encryption attributes, natural tax avoidance attributes, of course, huge value-added space, so the future is a trend. Buy now early, certainly more than the late buy to earn! After a lot of assets will be transferred to the digital assets represented by the BTC inside. This is the trend of the times!

odakorlina

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In my opinion, bitcoin can never replace gold because gold has existed and known since antiquity until now. Therefore, we don't need to compare it because, both can work side by side covering different areas of the global economy. It would be very hard to see bitcoin surpassing gold. Gold will remain gold and bitcoin will remain bitcoin.

stripykitteh

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Quote from: jomarthegreat89 on December 25, 2017, 06:52:03 PM

I don't think Gold can ever be replaced. Bitcoin my rise higher in value, but Gold will always be the safe haven of every market around the world.

Bitcoin won't be able to replace gold because gold been around way longer than Bitcoin has. Bitcoin has no chance.

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