Will bitcoin replace gold? - page 80.

Mazda17

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Quote from: leirou on October 05, 2017, 08:11:25 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.

A good opinion and I like your opinion.
If bitcoin can be permitted in all countries automatically bitcoin can replace the position of gold as a jewelry let alone bitcoin is very easy to make transactions therefore bitcoin should be aprisiasi in the real world and easy to get.

Cremeboy

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I honestly don't see this happening. Gold is a premium currency that has survived over the years and in my opinion it is a very stable currency. While impossibility is nothing, it would be very hard to see bitcoin surpassing gold

South Park

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Quote from: howtobuy on October 30, 2017, 05:19:59 PM

Bitcoin can't replace gold. Gold has been around as store of value for thousands of years, digital age will not change that. But bitcoin is slowly becoming a store of value of modern times. Myself I invest in both - diversification is always advisable for any investments.

Bitcoin does not need to replace gold, gold hoarders can keep their gold what bitcoin needs to do is to prove that we can use it for our daily needs, right now bitcoin has not proved that since I’m sure that I like most people in the forum have never bought anything with bitcoin in a physical store.

conceivedspoon2

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Bitcoin is an intangible asset while gold is a tangible asset. Bitcoin is an investment and gold too is an investment. The part bitcoin pays in the economy is different from gold. Both bitcoin and gold can be traded and expended. So, bitcoin is a cryptocurrency while gold is tangible.

Tobias-CrowdDrive

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I don't think so. Because it is not the same thing. Bitcoin is virtual and gold is physically.

howtobuy

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Quote from: Lovelybittycoin on November 01, 2017, 04:00:28 AM

Change is inevitable so if bitcoin might or overcome gold, the world is changing I feel it might happen anytime either on a high level or subtle.

How can it overcome? In terms of what? Those are different means for store of value. One exists for ages, the other not even a decade. But there is no doubt that bitcoin is here to stay and will get even more popular

rayneh

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Quote from: na2nk182 on October 31, 2017, 12:25:24 PM

I think gold and bitcoin can't be compared because the users have different views about the product, gold is a product that we can see and feel and we know since ancient times gold is a product of high value and it still survive until now , whereas bitcoin and crypto currency's is a valuable in the last few years and some people are less trusting and understand things about bitcoin right ... and then we do not know how long bitcoin will survive ... ?? ?? everything can change and we don't know that.

There are 100% odds of the supplanting of bitcoins with gold since now a days people have more enthusiasm for bitcoins than gold in light of the fact that the costs of bitcoins are going increasingly elevated quickly And the gold is currently a day going lower so on the off chance that you need to have benefit than your desires than put your cash in bitcoins as opposed to putting cash in gold .

TrueCryptonaire

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I don't think so. Because bitcoin has different value and gold has different value. As both are different measure for defining money and for economy. Both run parallel. Without intersecting each other. Bitcoin is a crypto currency which value fluctuates a lot while gold is coming since earlier ages. Earlier gold is used as to made currency while now it is used as ornaments. Bitcoin is famous and increasing in price there are chances that it may replace cash. But replacement of gold by this is not possible. 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.

messi1306

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I do not think bitcoin replaced gold. Because gold and bitcoin are two different things. Gold is a real thing in life, they are beautiful and precious, made jewelry to serve people
Bitcoin is just virtual currency, I do not think gold and bitcoin are the same.

yyz13857180757

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No, gold is a hard currency for thousands of years, and its status can not be replaced

pragna

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Actually Bitcoin and gold are two different things. Bitcoin is a currency on the other hand gold is a metal. Two are totally different things. As total bitcoin is fixed so its rate will be high day by day on the other hand gold is not fixed. So its price sometimes may high sometimes may low. So all over bitcoin is the best.

Bazinga442

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Absolutely not so, bitcoin can never replace gold not in a very long time

sayemcse

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i don't think so.. Gold is physical metal while bitcoin is online currency..there are lot of different between gold and bitcoin..

Bitcoin1216

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Pawsome

Gold is the most popular commodity in the world, I'm sure gold will forever be the main commodity and first choice, there will never be anything that can replace gold including bitcoin, so I'm not sure bitcoin can replace gold.

Lovelybittycoin

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Change is inevitable so if bitcoin might or overcome gold, the world is changing I feel it might happen anytime either on a high level or subtle.

Blossom15

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Well it's only going to be tagged as wishful thinking to think bitcoin would take over gold. Let's not forget that gold has been in existence for a very long time now so there is no way it would take the back seat for bitcoin to take over. It Might another century for bitcoin to be at per with gold, let's not forget that it's known (I mean bitcoin)
By everyone.

endlasuresh

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You have only Digital wallet, but not any type of metals to resell them. Gold is different type and it can be generated from any country. Gold prices will remain forever or just some fluctuate, but Bitcoin price changes for every few minutes.

ayeshajum07

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We can't say that Bitcoin will replace Gold.The two's are having different characteristic, so it is better not to let them compete.We can both use,buy and gain profit from them.Both of them are valuable.

Tyrantt

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Bitcoin- digital with no other use other than being currency and now more of an investment asset
Gold- Ore that can be used in more various places like jewelry, in electronics as the best conductor,etc.. but is expensive so it's not used that much.

But if you look at it, gold has it's value because of the various usages and that there was nothing else to replace it, so bitcoin just MAY replace it in the investment asset part. Since bitcoins price is more flexible and is going down and up a lot more than gold, it actually presents a good investment chance a big players see that. So, in a few years bitcoin has a chance to replace the gold in the investment assets field.

Sithara007

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Quote from: sadiaakhter25 on November 01, 2017, 03:02:39 AM

Gold and Bitcoin are two different valuable assets and both are having their own trading market but Bitcoin is like the digital version of gold. Gold is a low earning stable investment but bitcoin is highly volatile that's why i agree this term of replacing gold by bitcoin.

I will not say that Bitcoin is the digital version of gold. Because gold is a low-risk asset, which is useful for protecting the net wealth. The equivalent digital versions may be Gold ETFs and United States Treasury bonds. On the other hand, Bitcoin is a high-risk asset, which is normally used for multiplying your wealth.

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