Will bitcoin replace gold? - page 99.

bryant.coleman

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Quote from: bitorama on October 11, 2017, 05:59:52 AM

I don't think that bitcoin will replace fiats, but it can really replace gold.

I am not sure about this. IMO, Bitcoin may be able to partially replace fiat cash (especially for remittances and online purchases). But gold is a different type of asset altogether, which have been in use for the past many thousands of years. Replacing gold will be extremely hard for Bitcoin.

bitorama

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I don't think that bitcoin will replace fiats, but it can really replace gold.

FUD Expert

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No. Gold can still exist even we suffer from a devastating disaster. Btc don't need to replace gold because they are both precious asset in this world.

learner 7

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Why the extremes, there must be tsyfrovoe gold bitkoin, and gold metal and the more the better))))

Fasdartin

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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.

Its no use how good one things if majority declared. We know the good reasons why bitcoin here and its advantages too. But not all people dont know about it. Unlike the cash, cash is very popular among the all people and its used to buy everythung even in the small stores and restaurants and markets unlike bitcoin, bitcoin is used only for some things and its online market

Frank0209

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I don't think Bitcoin can replace Gold cause Gold not only has value in trading but also it has value in a lot of other sides such as it can be used to create valuable, beauty care products..... Beside gold has spiritual values as well, in my country when people marry they often give their wife or husband a gold ring and this ring is very important to them. But Bitcoin only has value in trading so you it's possible that Bitcoin can replace Gold?

Ardenoss

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Bitcoin cann't replace gold. Because world isn't completely digital. Must be a real form even though bitcoin is valuable, but not all countries accept its existence and its use.

Yasirmrd

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In terms of trading I suppose bitcoin has already superseded the gold but as a commodity it can not replace gold because gold has other usage for centuries and it can not be replaced.

prayogi

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Quote from: bitvalak on October 10, 2017, 02:17:42 PM

bitcoin and gold have differences and similarities. the difference is about how to store it and its source. The number of bitcoin is only 21 million and can not be added anymore. Bitcoin storage is safer because it has an encryption algorithm that probably not everyone can to solve. And the equation is an investment item. Either future will be the main currency or not we also do not know. Because it depends on us how to make bitcoin more popular

Obviously if Bitcoin and gold are two very different things, the equation is the same as an investment tool, because Bitcoin is very difficult to be a currency like paper money, but for gold I believe it will be its currency, and it will use gold.

Renampun

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it will not happen to me, gold has its own lovers and Bitcoin as well, and gold will continue to be in demand because gold becomes a benchmark of economic life or wealth of someone in real life, especially the women ..

bitvalak

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bitcoin and gold have differences and similarities. the difference is about how to store it and its source. The number of bitcoin is only 21 million and can not be added anymore. Bitcoin storage is safer because it has an encryption algorithm that probably not everyone can to solve. And the equation is an investment item. Either future will be the main currency or not we also do not know. Because it depends on us how to make bitcoin more popular

fredemar12

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bitcoin will not replace gold, if only because gold has many functions besides money. The gold will not be depreciated exactly

Anonylz

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Gold can not be replaced so easily, you must know that gold has been one of the most stronges currencies since pre-history times, so there is nothing new with this, it can not be replaced because of a new cryptocurrencie, because a lot of people are storing their life saves in gold.
And bitcoin is very new, there is no way that it could be replaced by it.

Sithara007

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Quote from: JL421 on October 10, 2017, 12:57:59 PM

It can you still can't determine it people do say bitcoin is more profitable than gold and is more easier to store but bitcoin is volatile and going all in bitcoin is going to be pure dumbness selling gold and investing would be better but selling any other valuable current assets is a bit risky

Selling gold to invest in Bitcoin can be a very bad idea IMO. I have studied the supply-demand equilibrium of gold for the past many years, and I can confidently say that the gold prices have great potential to rise to new highs within the next 3 to 5 years. Many of the largest gold mines have closed down and the mine production of gold is declining. At the same time, the demand is either stable or rising.

qwertyuiop0987654321

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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 don't think so, too. Bitcoin can't replace gold but it can be use as a substitute to gold. They are close enough to make each a substitute for each other.

JL421

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It can you still can't determine it people do say bitcoin is more profitable than gold and is more easier to store but bitcoin is volatile and going all in bitcoin is going to be pure dumbness selling gold and investing would be better but selling any other valuable current assets is a bit risky

Ayaancool

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I don't think that bitcoin can replace gold because both are from different level of investments .Gold is an ornament which is attached with a lovely and beautiful emotions but in case of bitcoin it only directs the financial attraction.So both of them can't replace each other.

Marble777

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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.

Bitcoin is currently very popular and the price is high, but if you have to replace it with gold, it will not happen because gold will continue to grow from year to year, because Bitcoin is like a digital currency and still can not replace it. gold.

zypa

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Personally I was very surprised when a digital coin went above the price of gold. The future gold is digital , along with the digital people : AI

agorkems

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Replace as in? The price will most probably be higher than gold but to talk about replacing gold that can't be possible. Gold has been around since ages.

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