Topic: Will Bitcoin Replace Gold ? - page 6. (Read 552 times)
Aside from gold's physical properties. There are too many stubborn gold bugs who hate Bitcoin with a fashion. That means there'll always be demand for gold. Therefore Bitcoin can't replace it.
I wouldn't think that the two would even come close to affecting one another, as it makes no sense. Gold is something which people use as a long term investment, something which people usually turn to in the time of a market downturn (like a massive one) Bitcoin is supposed to be a currency, one which people use instead of FIAT money.
So gold and bitcoin shouldn't affect one another at all, though who knows if they will. As some people do use bitcoin as an investment and not as its purpose, a currency.
So gold and bitcoin shouldn't affect one another at all, though who knows if they will. As some people do use bitcoin as an investment and not as its purpose, a currency.
this discussion (the thread) is almost the same as the one-year-old discussions that have been heavily influenced by many comments. and maybe you better look for the discussion and lift the surface again than you have to create spam threads that will only be in flood shitposter
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
2009 has something to do with the events to come.....
Stock markets were crashing in 2009 (DOW 6500), Bitcoin was launched, Chinese government telling its citizens to buy gold and silver, Obama's wars...., North Korea, Iran. There is big move predicted in Gold and Silver after Donald Trump's $150 billion tariffs on Chinese good and services.
Gold protects people's wealth during wars and inflation/price rise.
no bitcoin will not replace gold, Why? because gold is a thing and bitcoin is another thing.
Love the another thing. Basically yes bitcoin will not replace gold because I like gold, this is a great thing that you can really see anywhere. Bitcoin will just keep on soaring higher and thats good for everyone, lets just live with this two great investments.
The World Gold Council put the total value of all gold ever mined at $7.8 trillion while Bitcoin market total at about $120 billion.
At $1350/ounce, there is some $30,000,000,000,000 invested in Gold worldwide.
Gold is a natural resource and bitcoin is a crypto currency. Per my thoughts, bitcoin cannot replace gold
According to the World Gold Council, the total value of all gold ever mined is about $7.8 trillion. While the Bitcoin market totals about $120 billion. This means that Bitcoin have a long way to go to become as valuable and widely accepted as gold. However Gold is considered the anti-fiat currency and some people like to argue Bitcoin also play that role. I think the two assets (if bitcoin considered as an asset) can coexist. Instead of one replacing the other.
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.
no bitcoin will not replace gold, Why? because gold is a thing and bitcoin is another thing.
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
Jump to: