Topic: Will bitcoin replace gold? - page 62. (Read 15661 times)
Bitcoin and gold are two completely different things, so no, I don't think bitcoin will replace gold. Gold hasn't really been used as a currency in many many years and is just a store of value now and gold is not very good as a currency for numerous reasons whereas bitcoin is good and can be sent across the world instantly. SO I guess bitcoin could replace gold in in that sense, but gold will always have value intrinsically as it's a precious metal and exists physically. Bitcoin could collapse or be over taken by something else though and is far from perfect as a currency but I think that's the biggest risk with bitcoin. Comparing bitcoin with gold though is just apples and oranges as they say.
No, I'm not sure bitcoin came to replace gold. Bitcoin will be a valuable thing like gold, not to replace gold. Gold will remain gold and bitcoin will remain bitcoin. Gold can also be jewelry and the price increases, the beautiful jewelry to propose a girl. Will anyone propose a girl with bitcoin?
Bitcoin can never replace gold...because gold is gold..i will always prefer gold as first priority of investment rather than bitcoin...bitcoin is also quite profitable but almost everyone is aware about gold as compare to bitcoin...so the investment in gold is much more than bitcoin..
Probably not, some people choose to invest in gold because they love their beauty. Gold prices also tend to be stable.
But if the future will be printed bitcoin and have a higher quality of gold may be many people interested in using it
But if the future will be printed bitcoin and have a higher quality of gold may be many people interested in using it
Wise people never invest in anything after getting attracted by its beauty. What is the point in having the beauty, if the returns are low? If that was the case, then investors will be going after gold jewelry and not gold bullion bars/coins.
All the Reasons Cryptocurrencies Will Never Replace Gold As Your Financial Hedge. Olivier Garret , Contributor Opinions expressed by Forbes Contributors are their own.
for me yes! but the mess. because bitcoin is one of these gold diapers? so gold can not be replaced by bitcoin because bitcoin is gold. but if there is a 1bitcoin on the wallet you can replace gold because it's no longer a token on your wallet. so for the sake of two opinions should be thought.
gold is unlikely to give up just because gold has a number of useful properties and is primarily the supply of money,hard currency on those days when you can pay only material money (something valuable)
bitcoin is payment way it will replace gold in payment system but gold have many uses beside it’s value.
gold be have high value but most will use bitcoin more than gold
gold be have high value but most will use bitcoin more than gold
Probably not, some people choose to invest in gold because they love their beauty. Gold prices also tend to be stable.
But if the future will be printed bitcoin and have a higher quality of gold may be many people interested in using it
But if the future will be printed bitcoin and have a higher quality of gold may be many people interested in using it
Can't you say will silver replace gold ? No it's two different things. Bitcoin is bitcoin and gold is gold. Both are valuable because people want to give them value. Gold is quite special because it's precious since centuries. Both are a good investment: we will se in the future if it's stay like this.
Gold, a safe-haven investment commonly used by people over centuries, differs from Bitcoin in that it can be used in almost every part of the world, especially in the war years. Bitcoin and most of the altcoin are great too, but because they're newbies, they still take some time to settle. 
This will be a long and no end debate if Bitcoin will replace Gold in the future because it depends on each points of view. My take on this is No it will not and it (Bitcoin) will never replace Gold. Its like two different animals. You cant say chicken will replace cows in the future. One is tangible and other is intangible. One is backed by the Government and the other one is not, it (Bitcoin) maybe regulated by the Government but never act like the role of Gold in every Country.
agree on it yes bitcoin will never be replace gold for , this debate will go for nothing cause at the end the result is this may never been happen for , we can say this just because we are now can experience a lot of thing that are been making the similarization but the characteristic of this two are very different for.
Bitcoin does not replace gold, and some people have special needs for gold, such as India, where young people need to prepare a lot of gold when they marry. Bitcoins may become electronic gold, an electronic asset that is more valuable than gold.
This will be a long and no end debate if Bitcoin will replace Gold in the future because it depends on each points of view. My take on this is No it will not and it (Bitcoin) will never replace Gold. Its like two different animals. You cant say chicken will replace cows in the future. One is tangible and other is intangible. One is backed by the Government and the other one is not, it (Bitcoin) maybe regulated by the Government but never act like the role of Gold in every Country.
Bitcoin and gold are the limited resources it is not endless. Gold can not be lost gradually like bitcoin. The deceased bring the bitcoin with them to the grave and the bitcoin gradually disappears so it can not replace the gold.
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.
I think gold is more good to hold because it is not risky for normal peoplw but you're a people that have a knowledge about crypto i think bitcoin is more good than gold because this is risky but you will sure that you will get a lot of money or become rich someday. 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 is digital currency and it's intangible, you now what I mean. Gold is a chemical element and it is tangible, and this is not currency. This is my clear thought that they're not the same in terms of currency. Maybe the value it self, but you can't or bitcoin can't replaced gold.
You are right about this, and my opinion is the same. Gold and bitcoin can be compared only in terms of value maybe now, any other comparison is impossible. 1 bitcoin will worth like many kilos of gold one day, I'm just saying that it will be impossible to compare gold and bitcoins value in the future.
Bitcoin can't replace gold, maybe they can coexist like you take private keys from address where you have 1 BTC and print it on some gold bar, but you can use many kind of materials not just gold. Gold and precious metals will be just that, while bitcoin as technology can offer much more.
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.
Bitcoin and gold are two different thing which can not replace each other.
Bitcoin is new era technology for digital currency and gold as jewelry and save money as well.
Bitcoin is digital currency and it's intangible, you now what I mean. Gold is a chemical element and it is tangible, and this is not currency. This is my clear thought that they're not the same in terms of currency. Maybe the value it self, but you can't or bitcoin can't replaced gold.
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.
And now bitcoin surpasses the vvalue of bitcoin but bitcoin is more risky than gold because if you invest your money in bitcoin or if you have you need to take the risk because the value is bot stable but in gold it increase not to big but you will surely sure that you'll get a good money too. 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.
Gold and bitcoin are not related. Gold is a precious metal, and its value is not nearly as numerous as bitcoin. The value of gold is forever
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