Topic: Will Bitcoin Replace Gold ? - page 4. (Read 609 times)
Gold is used as reserve of many countries. Gold is valuable and durable. Whereas Bitcoin is valuable and future thing. In future, if Bitcoin can reach greater community and become mainstream there’s possibility for Bitcoin to fulfill many aspects that gold can do, but I think it won’t just make gold valueless or of lesser value.
I don't think Bitcoin would ever replace Gold, you don't find any of the Central Banks declaring there Bitcoin reserves where as they do all hold reserves in Gold. Gold will always have uses aside from being a store of wealth such as Jewellery, conductive plating etc. It's one of the few elements that does not decay.
In Vietnam, my country bitcoin has been used and well known. But only those who invest in bitcoin trade, and most people just listen to it. So in my country bitcoin is not a substitute for gold in the future, it does not happen. People buy gold more peace of mind.
In my opinion, Bitcoin is not a substitute for gold. Gold is the resource it exists and Bitcoin is the code, not which exists in the form of matter. If Bitcoin and Gold are the same commodity, the same is used to pay exchanges or to store people are right. Or will be as high as gold can be accurate. I believe Bitcoin will be like gold in a short time.
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
then why do you make parameters on this comparison? do not you say gold is not a parameter for bitcoin competition?
there is a difference from gold and bitcoin of course this is very irrelevant if you compare. gold has its own advantages over bitcoin and gold has been in use from time to time until it becomes part of the history of human transactions. bitcoin, is a phenomenal new technology that makes crypto indrustri grow rapidly. there are many if we describe. and this concerns with individual knowledge is still respectively
I never compare gold with bitcoin because of too much characteristics difference.
Bitcoin is no doubt the future and pioneer of next generation money but that has nothing to do with gold due to high volatility of bitcoin price it will never be considered as the only best investment in the world.
Bitcoin is no doubt the future and pioneer of next generation money but that has nothing to do with gold due to high volatility of bitcoin price it will never be considered as the only best investment in the world.
then it will be good only for the production of quality wires and trinkets.
Don't degrade such a reliable and precious metal, even today it is considered as the most reliable investment across the world and many big investors chose it to minimize the risk of their investment.
Nope bitcoin is another form of investment and so does will gold. Now if you say that more investors of gold will transfer and invest their money on bitcoin then still bitcoin will not replace gold investment. Gold is different from bitcoin because gold is tangible that you can actually hold for it, touch and see it shines. And not all the investors of gold are investing just to earn profit to it but rather they buy gold because gold is part of fashion accessories or it could also be used as bond to the married couple in form of a ring that became gold worthless because its value has change to more valuable in a form of sentimental value. Things that are worthless but consider as valuable because of its memories and remark on that thing. And some of those who had gold are only obsessed also with its shiny glittering stone material.
I think not, Bitcoin and Gold are different. although both can be made investment, but Bitcoin and Gold can not be equated, and Bitcoin will not be able to replace Gold. Bitcoin is a Digital currency that can only be accessed by the Internet and is not real. while the Gold of real goods, in addition to gold investment can also be made in everyday jewelry. even village or traditional people will not know Bitcoin. and if told on Bitcoin I am sure they will still Choose Gold.
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
Never this could happen, just because gold is speacial metal, bitcoin is cryptocurrency 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 a very expensive gift of gold. Bitcoin can be costlier than gold at any one time. Now the price of the market is very much. At any one time, Bitcoin will be replaced with gold.
Bitcoin or another crypto currency will not be able to replace gold, since these are completely different in nature and even exist in different worlds. The value of gold remains unshakable for thousands of years and it will uniquely continue its existence as a measure of value and value storage and beyond. This is still a crypto currency, which exists for less than ten years, until it has a clear enough perspective and various problems constantly arise with it.
I think it is not necessary to replace gold with Bitcoin. they are totally different from each other in terms of value, uses, source and quantity available.
Bitcoin and gold have their own position, because gold is better suited to be a jeweler in life and that's what has value in price, and bitcoin as a currency that has a higher price value than gold.
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
it is the demands of the development of the era and technology if bitcoin growing rapidly I think we will be more practical and more efficient in the conduct of sale and purchase transactions and without any third-party interference and the possibility that can occur along with the development of technology and development era 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 and gold, bitcoin is the digital currency, with easy ways to get a good profit in the long run or short, so we will more easily make money. while gold for me is also good for investment but for us gold only to make gems and not make profit, and also gold price will lose its value, so for us still will hold bitcoin.
Gold is something which has got a physical backing as well the trust from people around the world as the best source for investment. Second thing it is under the control of governments, so it won't be regulated big as our bitcoin. These days more people invest upon the digital form of the gold. Replacement won't happen in the future as well.
Money and Gold. Gold has always played an important role in the international monetary system, They circulated as currency in many countries before the introduction of paper money.Bitcoin and gold have important differences. These range from something as simple as tenure to the very nature of these assets themselves: gold is tangible, but bitcoin is a digital creation, it explain as between gold as physical object while bitcoin is entirely digital but both are safe haven assets, the only thing that good for them are both are in good investment, but hence it will not replace to one another as the TERM ~ GOLD is Gold and BITCOIN is BITCOIN 
in my opinion bitcoin will not be able to replace gold because gold is a jewelry used, but bitcoin can be swapped into gold
there is a marked difference between bitcoin and gold, bitcoin is a crypto currency that does not have a physical form while gold has a real physical form. we need to admit that bitcoin prices are much higher than gold, that's why many people invest bitcoin because it hopes to get a big advantage. they prefer bitcoin than gold but it does not mean bitcoin better than gold. I would argue that if you want to invest with big profits of bitcoin but must be prepared with a big risk of losses too, but if you want to invest safely, I think gold is better for that. because gold has been recognized by all countries around the world about its existence while bitcoin so it is.
Yes, might be but in future. main problem is many countries are slowing the process of cryptocurrency around the world. when all country will start supporting it openly only then we can see this kind of romantic dream that bitcoin will replace the gold.
The main problem of bitcoin replacing gold is its legal status around the world. As you mentioned, a lot of countries have started to prohibit and impose rules prejudicial to the existence of bitcoin. The process includes an imposition of taxes, stern rules and regulations against ICOs in country, country prohibition of any form of utilization, etc.
Another thing to consider, gold has been the basis of every country in terms of its currency value. Without gold, their currency will contain no value at all. Gold reserves actually reflect the status of a country and the value of their currency; it is purely on the economic side. If bitcoin were to replace gold, then countries must agree and view it as their main basis.
Gold is a natural resource and bitcoin is a crypto currency. Per my thoughts, bitcoin cannot replace gold
thus bitcoin and gold have their respective advantages. so we have to make the best use of it to be more useful and profitable. interesting what if we invest in bitcoin and gold, because bitcoin and gold have a high value.Both of them have high value in terms of price but what makes them difference is their nature. Gold, in general, is tangible and is a non-renewable metal. Arguably, bitcoin also has a limited number of supply in the market. I doubt that bitcoin would replace gold soon as countries need to accept it first as their basis for their currency.
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