Will Bitcoin Replace Gold ? - page 3.

samputin

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Quote from: Zwei on April 08, 2018, 04:10:10 PM

no bitcoin will not replace gold, Why? because gold is a thing and bitcoin is another thing.

Yes indeed! I agree. Bitcoin and gold are totally different things. And in my own opinion, bitcoin will not replace gold. Why? Because first of all, gold is something you can touch or hold literally while bitcoin is a digital thing. And when in crisis, or let's say a particular place experienced a calamity, there will be power outage for sure. Internet connection and electricity would be down for some time; we can't say how long. Electronic payments may not be done during those troubled times. Gold, on the other hand, may be converted into cash immediately provided that you have some golds with you in your accessories, like watches and other jewelries. In addition, gold remains to be one of the world's liquid assets, traded daily in well established exchanges globally.

However, let's admit that cryptocurrencies such as bitcoin attacts lots of investors especially millenials, which in gold's case, was a very hard one to achieve. But, after all, both assets are considered safe havens.

Saveralll

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Quote from: firemagus on April 13, 2018, 03:29:27 AM

Gold is a traditional store of value since ancient times. I think it will never replace bitcoin in the foreseeable future.

in this world can all happen and nothing is impossible, bitcoin could replace gold. gold is over time can be exhausted because the gold is real on this earth and in this world of gold mining is not much. if bitcoin many are mine but its not real.

iv4n

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Quote from: Kikir leutik on April 13, 2018, 04:00:38 AM

this could happen bitcoin replaces gold. because gold mining could be exhausted until several years ahead.

You think so, and can you verify this info somehow or we need to trust your words?
Bitcoin can't replace gold, gold is physical and bitcoin is digital, how can bitcoin replace gold? Gold is used for many things, bitcoin is the currency or an asset. You can use bitcoin in many ways, but gold can be used in too many ways too, you can even have gold teeth, you have gold in food.
You can't compare bitcoins and gold, in one moment value of 1 btc was similar to gold but bitcoin now worth a lot more, so you can't compare it by the price either. Bitcoin can't replace gold, its not possible, I hope people will stop comparing gold and bitcoin.
When you here bitcoin and gold in same sentence its there just a metaphor, nothing more, remember that once and for all.

Alpha Illuminatus

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While Bitcoin may be safe, compared to other coins, I think gold still offers more security. Bitcoin can be easily influenced but that isn't the same for gold.

Kikir leutik

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this could happen bitcoin replaces gold. because gold mining could be exhausted until several years ahead.

Aderiho Bitjones

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Gold and bitcoin have similar parameters. But gold is a material asset, and bitcoin is a virtual value. As for gold, everything is clear. This is not only an object of investment, but also a valuable material, from which expensive jewelry is made. Gold will always be in price and in fashion. Because it is very small in the whole world. Regarding bitcoin, it is not clear whether he will exist in a few years at all.

dangwapo311

newbie

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No bitcoin was not created to replace gold. Because of the high price of bitcoin people used it just like gold rather than using it as a currency. Gold has been around for decades and its legacy it established cannot just be replaced with something new just like bitcoin. Maybe in many more years bitcoin will have a chance but right now its too early.

firemagus

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Gold is a traditional store of value since ancient times. I think it will never replace bitcoin in the foreseeable future.

waitforme

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Quote from: totol05 on April 07, 2018, 08:15:02 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 an online virtual currency built by Blockchain technology, it has many advantages but also many disadvantages. The level of volatility and always manipulated by the rich, so it is hazardous for investors. Those who buy gold because they want to keep their money with a stable value so Bitcoin too volatile for user needs.

mimakter

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It is impossible for bitcoin to replace gold and vice versa. I think it is naive to think that it would even happen. If you're only basis for bitcoin to replace gold is its value or price then you clearly have the wrong idea here. Both bitcoin and gold has their own perks which the other does not have and if you understand this then that alone is more than enough to justify that one will not replace the other.

zolfa

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Quote from: totol05 on April 07, 2018, 08:15:02 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

of course, bitcoin has a more special value than gold, the value of gold rises slowly and easily predicted, but bitcoin has a very rapid fluctuation and can also be high very quickly and difficult to predicted.

so, I think bitcoin will be able to replace the gold value. but hampered by the lack of human knowledge about technology.

makolz26

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Quote from: knight20 on April 09, 2018, 09:42:52 AM

No it cant be, how could bitcoin replace the gold if even the stability of the gold cant surpass buy bitcoin. Maybe in the case of bitcoin price could surpass gold but to to replace maybe it take a long story. Gold will still gold and bitcoin will still crypto currency.

They differ in characteristics so I don't think that bitcoin will gonna replace gold because they cannot compare each other, first gold is visible and it is regulated by our government meaning they are really different and are unique in different ways, but in the totality over the past years gold has proven enough that we can still earn thru it but not how much we are earning at bitcoin.

olyolali

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I do not think bitcoin will replace gold because bitcoin still can not beat gold,
gold has always been made in the investment assets of many people while bitcoin not long ago
therefore it is better to invest bitcoin as a digital asset and gold as your real asset

WorldBiz project

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no as it has been used by mankind for centuries already

knight20

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No it cant be, how could bitcoin replace the gold if even the stability of the gold cant surpass buy bitcoin. Maybe in the case of bitcoin price could surpass gold but to to replace maybe it take a long story. Gold will still gold and bitcoin will still crypto currency.

paxaway21

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Certainly because bitcoin is better now because you have a bigger profit when you invest in bitcoin than when you invest in bitcoin so bitcoin is better now than gold.

CrKedd4

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Many of today's people in the world will certainly choose the world of cryptocurrency in gold because the differences are so much different that people will be more interested in bitcoin than in gold because what they think is someday bitcoin will triumph in gold.

First77

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Bitcoin will come after Gold and Silver because bullion are precious metals whereas Bitcoin is just a speculative asset with no real use.

Abete

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in my mind, gold will still be gold. but with bitcoin you will be able to have gold. and can invest with bitcoin. obviously two different benefits until whenever.

BitcoinFotw

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They are two different kinds of assets which can never be replaced, it is not a race there is room for everyone on this planet and they will both remain.

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