Topic: Will bitcoin replace gold? - page 70. (Read 15661 times)
Because gold is used in rope propagation and as a jewel and can be hidden and touched.
Whether bitcoin will replace gold, I do not think, and bitcoins and gold seem to be on equal terms with me.
Yeah,I think bitcoin will replace gold after someday,Because bitcoin is increasing as like rocket speed and another reason i can say, we can invest in bitcoin where gold is a stable object,we cannot earn profit more from it than bitcoin
Ofc no gold is rare resources and its still pleasing to the eyes of everyone while bitcoin, bitcoin is none other word that anyone nobody knows it.
Gold is quite rare now. But there is no guarantee that it will remain so in the future. Once space travel is possible, then it may be possible to extract gold and other precious metals from the meteorites. Also, in the future it may become financially viable to extract gold and other minerals from the sea water (the ocean waters contain as much as 20 million tons of 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.
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.
if bitcoin will replace gold I think it is not, but if the value or price of bitcoin can surely exceed gold, gold has been longer known and used for savings also investment most people
gold and bitcoin have their respective advantages.
Ofc no gold is rare resources and its still pleasing to the eyes of everyone while bitcoin, bitcoin is none other word that anyone nobody knows it.
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.
I think for now bitcoin can't replace gold. But the value of the gold its possible to bitcoin can replace it. In coming year price of bitcoin is getting higher but the price of gold is still steady. So if I choosed, I'd rather choosed bitcoin. For the better future.
No, no bitcoin will never replace gold, bitcoin is often called virtual gold, after all, gold has his real value and existent value. So in my opinion, it is completely impossible to replace.
Bitcoin can not be gold. However, in the direction of the price, we can say Bitcoin gold. Bitcoin's demand and the increase in prices, it can be said that Bitcoin can turn into gold. So we can make Bitcoin and gold coins together.
In the future, Bitcoin can play a huge role as our investment route.
In the future, Bitcoin can play a huge role as our investment route.
This is hard to even say impossible, there is nothing that can beat gold, this is because 100% of people receive gold while bitcoin may not reach 100%. and time has been a test that gold has been used thousands of years ago and thousands of years later.
History will tell us how Gold use as form of currency, silver as as the second place metal, but all come to end that is when the production of Gold didn't meet the demand if the growing economy that time, then they introduce silver as primary currency, when the river of silver drain we go back to Gold as first price metal currency.
I can see same will happen if bitcoin will replace Gold, and Gold will have to wait until we drain value of our beloved Crypto.
I can see same will happen if bitcoin will replace Gold, and Gold will have to wait until we drain value of our beloved Crypto.
I think that's not good. Because if bitcoin replaces gold it must depend on the government. And the value of bitcoin is controlled. Let bitcoin grow as before.
Such a replacing won't happen to go under the control of particular government. Bitcoin is completely technology backed asset whereas gold is an commodity backed asset. Upon that it's really hard to replace a commodity based asset. Maybe can grow in capital market similar to gold in the future.
I think that's not good. Because if bitcoin replaces gold it must depend on the government. And the value of bitcoin is controlled. Let bitcoin grow as before.
This is possible. Bitcoin is very volatile but it is also good investment compare to gold. Most of people nowadays are investing in stocks or crypto currency. For my own opinion, Bitcoin is much better than gold. If I have million dollars I would much happier and contended if I will invest it on crypto currrency.
I think it's not. Bitcoin has their own value and use in different transaction, gold is also like that they also have their own value but in terms of mining the bitcoin and gold it is easy way to get bitcoin and other crypto currency. gold is so slow to move their value unlike bitcoin easily increase.
Gold cannot be replaced but its value can be overcomed by bitcoin. Bitcoin is now gaining its momentum to strive as better type of currency among others.
Gold will remain, it's the most preferred precious stone in the world. It's like the bitcoin in the jewelry industry. But there's no way to replace gold with bitcoin, they are far from each other and has different uses. Bitcoin is for online transactions while gold can be use to produce another product such as jewelry, utensils and other products where it has a raw material coming from gold.
In terms of trading bitcoins defeats gold in that field. More people were able to participate in bitcoin's market compared to gold since it is more accessible and easily earned even by a regular employee and non professional traders which makes its demand and supply flourish greatly this year compared to gold.
Gold cannot be replaced but its value can be overcomed by bitcoin. Bitcoin is now gaining its momentum to strive as better type of currency among others.
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.
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.
It can replace the first who come in the world. Gold is such a rare things that use by the people. It is have more power than bitcoin that people like. If bitcoin has produce real coins or paper money, maybe it will replace or add in the money currency in the world. You cannot small the bitcoin because its been produce in a long time years pass by but gold is more long produce in history.
I don't think Bitcoin will replace gold, but Bitcoin can exceed the value of Gold in the near future.
Well in terms of value maybe bitcoin can really become almost the same with gold but in terms of aperrance bitcoin is really behind because bitcoin is only a digital or maybe a number that runs by the help of internet and the help of the users.I really believe that bitcoin is really amazing in terms of investment but it cannot replace gold anymore. Jump to: