Will bitcoin replace gold? - page 75.

kendra1107

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Quote from: [email protected] on October 05, 2017, 09:08:14 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.

I don't see this happening. Bitcoin and gold are on their own categories. Each has distinct features and serve there distinct purposes. Bitcoin can never replace gold in a sense because it's digital and gold is physical. And we do know that man is more adapt to things that he can see and touch. Now gold passes both requirements as to Bitcoin can only boast the first. But in terms of value, though digital, Bitcoin is certainly up there!

Sirait

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I think Bitcoin will not replace Gold, Gold is real while Bitcoin is Digital, but if it is about price, Bitcoin has defeated Gold ...

South Park

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I am terrible at Fantasy Football!!!

Quote from: unknown-user on November 03, 2017, 07:31:08 PM

Quote from: [email protected] on October 05, 2017, 09:08:14 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.

Nope. Bitcoin and gold are totally different even if in terms of an investment. Bitcoin is a currency which its market value is increasing from time to time while gold is putely an asset that has a stable market price. indeed, in general Bitcoin is better but still, the market price of gold is more stable.making it less risky as an investment and it is legal to most of the countries unlike Bitcoin. Maybe it is just a matter of perspectives.

It depends on what you mean when you say that gold is legal, it is legal to hold gold but it is not legal to buy anything with it and in the past holding gold was forbidden in the US until the law changed so there is nothing that can stop governments to ban gold once again if they feel it is a threat.

NRF

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Unless All countries in the world ban Gold, Bitcoin can't replace Gold. Because Gold has own value which all people around the world accept in thousands years. Bitcoin just a kind of virtual money was created base on the blockchain platform. It is unreal.

kirikmax

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Gold will not be replaced by BTC, they will survive together. and BTC will become the highest value asset

btcpepa04

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No but the bitcoin was a virtual money

bce

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Quote from: [email protected] on October 05, 2017, 09:08:14 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.

I do not think gold is a real and official investment tool in my country even though gold prices tend to be unstable while bitcoin digital currency and there must be facilities and supporting facilities to access bitcoin it's up to you in choosing

wurth

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Blockchain Just Entered The Real World

Quote from: MetalGear on November 09, 2017, 11:26:27 AM

Quote from: leirou on October 05, 2017, 09:11:25 AM

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 agree that gold is still a precious metal and it will still have a high value in the future. On the other hand, there is a possibility that bitcoin will replace gold and I think it would happen in the future because on that time bitcoin will become more and more expensive than gold.

Currently, the current price of Bitcoin has passed Gold a lot and you do not need to wait more time. You can check again the price of Bitcoin, 1 Bitcoin can buy 4-6 once Gold depends the price of Gold in every country. But, why do a lot of people still buy Gold and not buy Bitcoin? You need to find the answer for this question!

D.Anand

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I don’t think cryptocurrencies will ever replace gold anytime soon, different use case. Cryptos are strictly forms of currency, whereas gold has been used in many applications, except investment, from jewelry to dentistry to electronics. Gold doesn’t require electricity to trade. Until now, gold remains one of the most liquid assets.

MetalGear

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Quote from: leirou on October 05, 2017, 09:11:25 AM

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 agree that gold is still a precious metal and it will still have a high value in the future. On the other hand, there is a possibility that bitcoin will replace gold and I think it would happen in the future because on that time bitcoin will become more and more expensive than gold.

Naoko

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gold is a metal that is important and necessary and always will remain so, and bitcoin is an asset...now there is demand for it, but in the future it may not be...they can not be compared

irfanmalik04

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It can be replaced if it overcome and able to us in real world

kieokiet

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other bitcoin gold. gold is not the future of the world. bitcoin yes, gold can not divide 9 digits Tongue

felipe04

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No because they have different value so it can't.I think in price it's have different because bitcoin is continue to grow not like gold,in the future if the bitcoin continue like this i think the value of gold become none because we have digital money now.Gold is for things like necklace,rings and etc. and bitcoin is digital money so if they wants to buy things i think we can do buy things also here in bitcoin im sure the future we can have that kinds of transaction

yachiru97

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it's impossible for bitcoin to replace the gold in value. gold is still have stabil value from year to year.

camelson

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Quote from: longpro098 on November 09, 2017, 10:16:31 AM

I think bitcoin in the future will replace gold because bitcoin prices are now more than gold. but now gold is generally for the world. There is only bitcoin in the tech world, there are still many unknowns about bitcoin

I disagree with you on this point because both bitcoin and gold are different asset and both of them have there advantages and disadvantages so it is i think insane to compare both bitcoin and gold and one more thing price is not the reason why bitcoin will replace gold, main factor is adaptability.

longpro098

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I think bitcoin in the future will replace gold because bitcoin prices are now more than gold. but now gold is generally for the world. There is only bitcoin in the tech world, there are still many unknowns about bitcoin

katarin2030

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It's difficult to replace gold, because gold is a precious metallic element has it's own value but bitcoin is a currency.

Miyaclint28

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It is the opposite because the gold and bitcoin are two different things. Gold is a tertiary needs is a necessity if the primary and secondary needs are met.
bitcoin is a means of payment that are badly needed by society because of all the activities is sure to have a transaction and one of the terms of the transaction, namely the existence of a means of payment like bitcoin.

Kiridaya

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It is hard to say if bitcoin will replace gold.
Although the world is heading towards a mostly, or rather an entirely technological world, for now, there are a lot of people who do not understand the values of bitcoin and it's system entirely.
This fact is the reason why people will have trouble adapting to bitcoins.
However, I think that in the future, when new generations that understand technology from a far younger age, will adapt the bitcoin and only then it might replace the gold.

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