Topic: Will bitcoin replace gold? - page 8. (Read 15681 times)
It is difficult even to compare the usefulness of gold and bitcoin in the real world. Gold has been used as currency for more than 2700 years, and although you will not go to the nearest café with a gold bar, it is always relatively easy to turn it into dollars. In addition, it is used to make crowns and seals, as well as in industry - as an electrical conductor.
Bitcoin is good for the future and in the present time also because the gold is physical commodity and people believe that bitcoin is virtual currency so it is possible that any time this currency can be eliminated from the earth but the educated people love to use bitcoin and the bitcoin community is rising day by day so this is expected that it will grow more in the near future.
Come on you can't compare btc to gold. Gold is a one of a kind object. Bitcoin is not that unique and hundreds of clones can be created. Its at the top spot because it was created first.
So why are you here wearing a signature despite your low rank?
Anyway, there also thousands of elements out there that are even more scarce than gold. Bitcoin at least have its use as a currency and it has a proven transparent secured blockchain that can be of important use. Gold value is nothing but created old by beliefs that it is luxurious and of an important value but actually have no real use.
For the umpteenth time, bitcoin will not replace gold. Gold is and always will be money due to its scarcity and other unique properties. It is also tangible. Gold and bitcoin can be thought of as complementary rather than mutually exclusive.
Come on you can't compare btc to gold. Gold is a one of a kind object. Bitcoin is not that unique and hundreds of clones can be created. Its at the top spot because it was created first.
bitcoin and gold have different sides. bitcoin is virtual and gold is real. bitcoin has a good level of investment risk. and gold is a safe but very slow investment
I don't so about it cause gold is irreplaceable until it lasts. There are lots of gold in this world and bitcoin is different from it. There's a huge difference with their usage so you can't compare them at all. Gold is still valuable than bitcoin and no one can deny that. Gold is a precious thing that can be use personally unlike bitcoin which isis internet related only. Bitcoin can't replace it especially when internet is shut down.
I disagree when you say replace because its not replaceable . gold has different usage from electronics to medical from bigger to smaller and the amount of it give a big impact to the people. But for now bitcoin leads from gold in terms of how fast it makes money how consistent it is.
For many traditional mindset, gold is more get their trust compare to bitcoin. They just need knowledge about digital world and about bitcoin. so they understand about gold. For me, bitcoin is more safe than gold and we can use around the world
I don't see Bitcoin replacing Gold. Though Gold is a commodity whose price moves up and down. It’s value is quoted in dollars or Euros. It has become another commodity. Someday a virtual currency may supersede the others.
mainly gold is a world's famous precious metal in the markets and lots of people buying gold for invest but know may be bitcoin replace that why because of the people investing through the gold they not getting more profits who is know about the bitcoin they are already investors in bitcoin but some people have confutation about the bitcoin 
bitcoin and gold have different sides. bitcoin is virtual and gold is real. bitcoin has a good level of investment risk. and gold is a safe but very slow investment
I do not believe if bitcoin can replace gold, I admit bitcoin has a market value much larger than gold, but I see that gold has been used for some time. in addition gold has been recognized by all countries in the world and legal for some countries. for that bitcoin will not replace gold but bitcoin is a better investment than gold, and gold will remain as an investment.
I don't think that Bitcoin has any substantial relationship with gold. Bitcoin is a kind of virtual currency, and gold is a rare mineral resource. The value of gold is related to its own value. I think Bitcoin cannot replace gold.
Maybe yes maybe no. There's nothing impossible with bitcoin. Bitcoin is fast growing market. Even the price is very fast in changing it can go up or down.
That would be impossible or, at least, I don't believe it will. Gold have been the main store of value since forever. People won't change so fast.
agreed till 5000 year ago and now gold can't be change that so impossible. Also bitcoin is need Electric because it not real
The birth of Bitcoin took nine years now. Gold has existed for thousands of years. Bitcoin still has huge room for development. This is not available in gold. Gold may be the most common precious metal in the world. Everyone knows gold. If Bitcoin develops that everyone knows Bitcoin, Bitcoin will definitely be in gold at that time. The price will be very high
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.
for today, its imposible, many people prefer to investing gold than bitcoin. Infuture day, perhaps it happen
Bitcoin will replace gold, which is the wrong way of thinking, bitcoin is compared with a great value as gold and they can not replace each other, bitcoin used in the internet also gold in real life.
Gold does not have the power of bitcoin.
1)What if you want to buy a yacht or house and you have 30 pounds of gold there in your home how can you buy the with that.If you went on the plane with the gold to go see and buy the yacht or house the government would steal or seize your 30 pounds of gold in the airport and the seller could not easily transfer the gold into cash even if you made it to him with the gold.
2)But with bitcoin you can travel with any amount of money and to buy the yacht or house you would just send a transfer of btc.The seller of the yacht sells his coins at a exchange and send the cash to his account.
Anyone who says gold is better than Bitcoin is retarded
1)What if you want to buy a yacht or house and you have 30 pounds of gold there in your home how can you buy the with that.If you went on the plane with the gold to go see and buy the yacht or house the government would steal or seize your 30 pounds of gold in the airport and the seller could not easily transfer the gold into cash even if you made it to him with the gold.
2)But with bitcoin you can travel with any amount of money and to buy the yacht or house you would just send a transfer of btc.The seller of the yacht sells his coins at a exchange and send the cash to his account.
Anyone who says gold is better than Bitcoin is retarded
If you consider in terms of transaction, currency, etc., then i'm with Bitcoin but if you consider a real world asset which has definite value, doesn't fluctuate a lot then I would go with gold. It's just my opinion though.
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