Will bitcoin replace gold? - page 56.

sheryl26

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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.

Technically speaking bitcoins cannot replaced gold because they are just artificially made while gold are not. They might be the prime in yhis moment of time but in the future when bitcoins are not popular anymore gold will still exists and people need gold because gold can also be used as fashion and a lot more not just an investment. But that is great for a long term invest be a in the future there will be an instance that we will run out of gold to mine and the gold we need is im the person who invest it.

cybersofts

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Yes, many experts considered bitcoin as a gold 2.0 but the only problem with bitcoin is the price fluctuations which is very hard to predict. Bitcoin value is growing exponentially over the recent months per beyond gold, silver, and the stock options. bitcoin price just skyrocketed because people see value in it by making online transaction more simpler more than ever.

moamin77

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In short; I believe that BTC will not replace anything that actually exists (whether Gold, Silver or even FIAT currencies).....It will live along with other assets and currencies.

Victoria Johnson

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yeah..!! Bitcoin Is Becoming The New Gold 2017!!

While gold will always be the first choice of safety net for a purist, the millennial's believe bitcoin to be the new gold or the digital gold.

Now a days, And seems it is truly a digital age, as proved by recent bitcoin high over gold !!The world is increasingly turning to bitcoin as a safe haven..

How Bitcoin Beats Stocks, Bonds, And Gold ..? Always Be Critical When Bitcoin Prices Reach High

nghiahieple

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I don’t think Gold will be replaced. They will exist and continue being consumed as valuable commodiyy.

Biggapp

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Quote from: datodota002 on December 24, 2017, 06:08:13 AM

You can't compare bitcoinand gold because they are not same. bitcoin is just currency from virtual world. and gold is precious metal that have own price. and can be made jewelry. Bitcoin is a payment system. and gold is the product of the earth

I am agree with you bitcoin and gold are not the same they are different points there is no comparison with both of them. I think bitcoin is having a lot of features and these features can overlap gold. Bitcoin is better than gold because gold is not that safe to invest in and to keep for long time well for me bitcoin is the best and it will never give me any kind of lose if I will invest in it right now.

Mystika

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I think bitcoin will never replace gold. There are values of gold that cannot be replaced by gold. Although you will have to wait in time for gold to take its value but still its value will never be replaced by bitcoin. Also it is a womans desire to recieve gold so gold i think will never be replaced by bitcoin.

mintomia199

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i don't think that bitcoin can replace the gold.both of them are different than each other.gold a precious metal and it is used for many purpose.on the other hand,bitcoin is digital currency which is very usable in online transaction.so gold and bitcoin are different and can not replace.

desanti

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Quote from: alan2here on October 05, 2017, 08:30:45 AM

This has been proven throughout the world and Bitcoin will definitely grow better than gold. I think Bitcoin is more practical and there are more investors looking to buy Bitcoin than gold, if you buy gold you are definitely going against the trend of the world.

can you explain or tell me the reason behind this comparison?
because for me bitcoin and gold are different assets both have different functional purposes and you compare them to each other because in my opinion gold is a precious and beautiful metal seen in the eyes of someone as jewelry and gold has also been regarded as a saving tool that most popular among the community and bitcoin is cryptocurrency
based on that we have to see the difference between each other and why you ask if bitcoin will replace gold and will gold replace Bitcoin? can you use bitcoin as a jewelry? of course can not, right and whether the gold can to pay bills and use the internet to do teransaksinya? You certainly can not, right
so one of them is really unlikely to be able to replace each other because they have their own puncture and how to use it differently and you can not compare it

pulsefirekelly

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Gold maybe a high value material in the world but still money is still the medium on buying something. Unlike bitcoin can bought items online via online payment. So the difference is that bitcoin is much efficient in some other terms

Semar Mesem

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I'm sure bitcoin and gold are different things and can run together, if gold prices skyrocketed then it will not affect the bitcoin and also if bitcoin prices skyrocket or drop it will not affect anything in gold.

jomarthegreat89

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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.

8Habits

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Quote from: Jemzx00 on December 25, 2017, 06:27:14 PM

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.

You cannot compare a very unstable asset to a completely strong and stable asset like gold. Gold has been the currency of the world from the very beginning of civilizations and then there comes the coin and paper currencies and now the digital asset. A digital asset cannot be used in every place in the world, but gold it is accepted everywhere even in a place where digital technology is not present. Gold will live until the end of time but digital currencies might not last forever.

You have the point there mate but I would like you too get a look at the digital thing angle - think of internet, facebook, email, and other forms of online things, do you think it may end up anytime soon? Gold will always be there and so with the things I just listed, right? With bitcoin or any digital currencies, it maybe a breakthrough to the future of online transactions who knows.

Jemzx00

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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.

You cannot compare a very unstable asset to a completely strong and stable asset like gold. Gold has been the currency of the world from the very beginning of civilizations and then there comes the coin and paper currencies and now the digital asset. A digital asset cannot be used in every place in the world, but gold it is accepted everywhere even in a place where digital technology is not present. Gold will live until the end of time but digital currencies might not last forever.

8Habits

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Quote from: Geoll29 on December 25, 2017, 09:25:13 AM

Gold can not be replace by bitcoin. Gold is a previous metal which will continue to appreciate over time. Bitcoin is a cryptocurrency which is volatile. The value of bitcoin may go up and down.

We should not think of bitcoin as a replacement for gold. The best way to look at it is to make it a good investment to have along with gold. Bitcoin is a good short-term investment while gold is your long-term investment. Although bitcoin can also be a good long-term investment though.

Geoll29

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Gold can not be replace by bitcoin. Gold is a previous metal which will continue to appreciate over time. Bitcoin is a cryptocurrency which is volatile. The value of bitcoin may go up and down.

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Quote from: doyayipaku on December 25, 2017, 09:07:23 AM

I think it will not be long before bitcoin will have the necessary stability and the countries that accept bitcoin are the payment method then the bitcoin will be replaced and bitcoin will have higher value and more users.

bitcoin prices so far are sometimes volatile or unstable.
sometimes up and down sometimes. all according to developments.
we can see also that the bitcoin is indeed the price can exceed the price of gold until now. it also requires quite a long process.

doyayipaku

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I think it will not be long before bitcoin will have the necessary stability and the countries that accept bitcoin are the payment method then the bitcoin will be replaced and bitcoin will have higher value and more users.

doomloop

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Quote from: Golubhargava on December 23, 2017, 06:29:17 AM

Quote from: btcminer6212 on December 23, 2017, 06:21:57 AM

Quote from: Mrjitter on December 22, 2017, 06:37:33 AM

This is unlikely to happen someday since people in gold are confident and have been using it in their actions for a long time and trust more to him than

I think both are different and there are no comparison of both. it just a new digital money and can not represent an economy of a country. however, gold has been existed for a very longtime and used to trade for manythings so it has been a great symbol to represent a power of country and become a symbol of entire economy. So gold has more value than .

I think both are different and both are no comparison..

Both of them are different and both have no comparison but mate if we look at bitcoin price and gold price we will see how price difference is there now bitcoin price is higher than gold and it is easy to carry bitcoin than carrying gold. It is hard to use bitcoin as trading but people are trading in gold and they are not using gold to save for long time but is having very huge risk but bitcoin is riskless and it will give us best return.

Laregrell

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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.

bitcoin replace gold as safe investment for 2017. many start using bitcoin more than gold "because stable price of gold"

gold have first place and bitcoin will take some of it 30%

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