Topic: Will bitcoin replace gold? - page 63. (Read 15681 times)
agreed with your opinion. gold is nothing compare to bitcoin. but useful in many ways. and still, gold is rare materials and it have higher value than other materials. so, gold is still good in the future if any world war happend and technology goes down
According to Goldman Sachs investment bankers, despite the rising demand for Bitcoin in the world, it is impossible to replace traditional gold
This statement is based on the nature of the difference between the two. Compared to gold, Bitcoin has a lower level of stability and liquidity. Market capitalization of gold is over $ 8.3 trillion, while Bitcoin is just $ 300 billion.
In addition, gold has a remarkable advantage over other commodities and assets, which have been borne out for hundreds of years, as a safe haven for investors when they occur. geopolitical instability.
After all, gold has been recognized for hundreds of years as a store of value, but it has been two years since bitcoin was created, and it is almost impossible to replace it.
I do not think bitcoin can replace gold. Bitcon is only suitable for payment. High value gold and accumulation for a long time can also be profitable. And I think governments will not allow bitcoin to replace gold and vice versa so that they both grow together.
Nah neither bitcoin will replace gold or the other way around.
Bitcoin will never replace gold, they are different. Although many are considering bitcoin as the new age gold or the digital gold but replacing it is different thing. Gold is gold and bitcoin is bitcoin, if you understand the logic behind this simple words, you don't have to look on comparing or replacing any of them.
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.
I think yes gold can replace to bitcoin because of a high pricing of bitcoin we will no if bitcoin will high contenuesly in the coming years.gold is commonly use in others and all of people know about gold but put in your mind if the bitcoin is knowing all of the world i think bitcoin is good investing because of digital currency it is very safety but both of that is good investing you can get a profit but for me i choose bitcoin.
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.
Bitcoin can't in any case replace gold. Gold have a real worldwide value even if there is no internet and have many uses. Bitcoin is just a digital currency used for online payments.
It won't replace gold, it's still a precious resource that isn't going to be knocked off it's throne that easy. Not to mention that gold has many more uses, it's not just a store of wealth. People that say gold will get replaced by bitcoin are repeating a very wrong statement, and it leads to some very big misconceptions. Bitcoin is regarded as virtual gold, but it's not literally the same as it. They are both veeery different commodities. What it will provide is competition for the better wealth storage. Bitcoin is amazing for what it is, but it's not going to replace gold.
Gold like BTC will end one day. BTC know the exact number and gold is not. New deposits are being discovered all the time. Gold is a physical asset that gives me an advantage over BTC. Bitcoin, on the other hand, is easier to store and use ...
I think that it is quite tough for the BITCOINS to replace gold because it is the expensive metal which is very valuable and popular. Both are having their own benefits. Cost of gold depends upon the value of global market and it is tangible asset where as Bitcoin is the digital asset. I think that bitcoin has its own importance regarding the profit generation but one can not blindly trust on crypto because no one knows what will happen in future.
It is widely known that the gold is one of the most expensive ores perhaps because of its wide range of applications. Aforesaid gold is used e.g. in the jewelry, in the dental industry etc.
That's the reason why gold can't be replaced with Bitcoin. Nowadays, Bitcoin as a non-physical currency is unable to displace all others forms of payment.
That's the reason why gold can't be replaced with Bitcoin. Nowadays, Bitcoin as a non-physical currency is unable to displace all others forms of payment.
Bitcoin simply can not replace gold. Bitcoin and gold are completely different in nature and perform several different functions. The similarity in them is only that both can perform the function of a means of payment and a function of a repository of value. Everything else in them is different, right up to the opposite. Growing recognition bitkoyna and investing in it a billion dollars, of course, will affect the price of gold, forcing gold to fall in price. However, bitkoyn can not perform all the functions of gold and therefore bitkoyn and gold will continue to walk at the same time with each other for a long time.
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.
Not at all because there is a big difference between gold and bitcoin. Gold is tangible and can be made as a jewelry etc. But bitcoin is not tangible and can use at online. 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 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.
Gold is physical I think this is a really big factor as to why BTC can never replace gold. If there is no electricity there is no BTC, but there is gold and therefore there is currency. Also it has been around for thousands of years, so it just cant be ' replaced ' that quickly. People have to be a little bit more critical in what they say imo.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.
As we get more advance everyday Bitcoin will eventually replace gold. Lets face it most of the time we use the internet to pay or buy.
This is the main advantage that bitcoin has over gold, gold is something to be stored and be taken care of, and while many people could argue that bitcoin is the same once the fees go down and the confirmation time goes down as well, things are going to change in bitcoin and people are going to use bitcoin for all kind of things and not only as an investment.
I dont believe that it is going to happen but I believe that bitcoin is going to be gold of crypto coins. Even now it is like that. Transferring bitcoin will cost much much more so people will use altcoins. But other currencies's price will be indexed to Bitcoin same as gold.
i don't think this will happen. gold can be limited while bitcoin is like a bubble
It depends on the person, if the person only know is gold maybe they will choose gold over btc ,but if a person knows what bitcoin is for sure he or she will choose bitcoin over gold, bitcoin price as of now is increasing.
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