Will bitcoin replace gold? - page 9.

rainezerr401

member

Activity: 294

Merit: 10

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

Bitcoin has the potential to replace gold due to the investors that keeps on increasing each day hoping to earn profit after they invest on cryptocurrency while gold is only for a business who is capable of earning it and it was very hard to obtain for just a simple person who does not have that much money.

Amilhussin24

member

Activity: 294

Merit: 11

When it comes in using bitcoin and Gold, they are different to each other, as we all know Gold is touchable and it can used as accessories and you can buy and sell it. Bitcoin is as we all know it is digital currecny, a Cryptocurrency, you cannot touch it but you can have it, you can put it in a storage, you can sell it, you can sent it in anywhere in the world, you can buy something using bitcoin. So bitcoin and gold have their own way of using. Bitcoin cannot replaced Gold, they are unique to each other, you can have your Gold and your bitcoin if you wanted.

doraegun

jr. member

Activity: 251

Merit: 2

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

There's a lot of things than can be use for payment like card, Cheque, paper money, digital currency money transfer and other token to pay for any kind, but the gold is still remain brilliant this is a kind of things that can not compare to other. however Bitcoin is probably also remain dominated if there is no organization that released negative news that makes bitcoin down until it will closed eventually.

Markpet01

newbie

Activity: 124

Merit: 0

In my opinion bitcoin cannot replace gold because they are different in each other and they have different value.

JohnWick_Bitcoin

member

Activity: 308

Merit: 10

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

Gold today is really expensive but the problem is, no one can really afford to earn it even those poor people does not have the chance to invest on it so the answer is, cryptocurrency will always be above gold since more people can work to obtain bitcoins and that makes the volume in the market increase.

Doy17

newbie

Activity: 49

Merit: 0

it seems possible but not long-term or prolonged because in the teachings of islam gold will return to the currency at the end of time.

Raffaele Rago

jr. member

Activity: 96

Merit: 1

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.

Arisgado

member

Activity: 191

Merit: 10

I do not think bitcoin will replace gold. Because bitcoin and gold are two completely different things. Most people are interested in the potential of bitcoin, in its rapid growth, in the fact that now no one can control it. Bitcoin and Gold works in different ways. Gold is metal, bitcoin is a digital asset.

zelante

full member

Activity: 263

Merit: 100

Yes and no. yes because the standard to refer to great cash as the bitcoin price rises becomes easier to do so. However, because Gold is a precious metal, It is a physical reference to the fiat currency holders who don't believe yet in the digital currency.

commlinx

full member

Activity: 294

Merit: 100

It is unthinkable for bitcoin to replace gold and also the different method around. i feel it's credulous to feel that it might even happen. just in case you are reason for bitcoin to replace gold is its esteem or worth then you clearly have the incorrect thought here. each bitcoin and gold has their own benefits that alternate doesn't have and within the event that you just comprehend this then that by itself is all that might probably be required to legitimatize that one will not replace the opposite.

MMostaza

member

Activity: 86

Merit: 10

Here I bring you a news to think about it: https://www.bloomberg.com/news/articles/2018-03-26/solid-gold-casts-of-nelson-mandela-s-hands-sell-for-bitcoin

Solid gold casts of Nelson Mandela’s Hands has been selled for $10 Million in Bitcoin. I suppose that means that for the Seller Bitcoin is going to replace Gold. And for the Buyer it is better to hold Gold than Bitcoin…

I think that what is going to happen is that both Gold and Bitcoin will have long life in parallel and some people will trust more the traditional “safety” of store Gold and other will trust on the potential of Bitcoin.

penikmatsenja

newbie

Activity: 33

Merit: 0

no, many people do not know what bitcoin is, and how to invest do not know, there are still many who use gold as a means to invest because it has physical assets,
may be different from people who already know bitcoin for a long time.

Thx

Alex_Crypt

newbie

Activity: 5

Merit: 0

It might not replace gold in it common sense, but I believe that in this fourth industrial revolution in can be valued on a par with gold

freesia_pnp888

newbie

Activity: 112

Merit: 0

i think it's possible from many perspectives but must take a lot of time to make it happen. 100 years maybe

popolite11

sr. member

Activity: 882

Merit: 250

Quote from: ?? on ??

We can’t compare BTC and gold together. Because of it's tangible values. But I think it will never replace gold "literally". Gold has many uses that BTC can't replace. This are obviously two different things.

I think that Bitcoin is experimental investment. As for me it is much more rational to invest in gold or real estate. But if you like to be in risks then try to earn on Bitcoin. Bitcoin has a lot of benefits.

rhea1715

jr. member

Activity: 97

Merit: 3

Gold and bitcoin has a different purposes in this world. Gold will always be something valuable to each person because we can hold it and see it physically that when you see it, it's like making your heart full and happy. It becomes your valuable posession. Whereas bitcoin is a virtual posession you can own and also a different kind of investment that can be valuable to you.

Arisgado

member

Activity: 191

Merit: 10

In my opinion, bitcoin can never replace gold because gold has existed and known since antiquity until now. Therefore, we don't need to compare it because, both can work side by side covering different areas of the global economy. It would be very hard to see bitcoin surpassing gold. Gold will remain gold and bitcoin will remain bitcoin.

BlockchainPromoter

newbie

Activity: 26

Merit: 0

I think this will never happen to us. There are two different things. Gold is something so ... physical, but bitcoin...

m9shn9sh

member

Activity: 182

Merit: 10

For me, bitcoin is very profitable in the future for us. I think that's impossible, if we think Gold is for me just to make ornaments or save money. Similarly, the selling price of Gold will fall from the purchase price. While bitcoin will continue to increase over time, so we prefer to store bitcoin rather than gold.

sana gull

member

Activity: 176

Merit: 10

Quote from: ?? on ??

I think it's not posible.Because bitcoin is the top crypto currency in the world.Crypto currency can't divert into any other things.We know gold has a fixed price all time and it's don't rise a huge of amount in small time,but bitcoin price rise huge of amount in a small time.So bitcoin is better then gold everytime.

To me i think that it can be possible but not so early, i think that it will take a lot of time, because still most of the people do not know about bitcoin, even those people who know about bitcoin but still not spending money in bitcoin because still they are not sure about bitcoin that either it will be present for ever or will dead after some time.

Topic: Will bitcoin replace gold? - page 9. (Read 15681 times)