Bitcoin Forum

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

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

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.

Gold is a natural resource and bitcoin is a crypto currency. Per my thoughts, bitcoin cannot replace gold

At $1350/ounce, there is some $30,000,000,000,000 invested in Gold worldwide.

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.

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.

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.

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.

My great, great Granddad asked the same question about Tulips and got his answer about taking over from gold.

Virtual money and paper gold just somehow don't quite feel the same to me and the OP is talking out of his
bottom me thinks given how few people now trust Bitcoin after the miners put fees up to $55 per transaction.

Dream on boy!

I think portability is the greatest gold asset. You can move a lot of wealth with a relatively small amount of gold. And gold is easy to keep, and relatively easy to hide.
Bitcoin has the same features as gold. it is not even necessary to smuggle gold to avoid government detection. The ability to move digital money opens new avenues for criminals or people who are afraid of government detection to be able to transfer money seamlessly.

Bitcoin is a non-government currency. Its purpose is to become a medium of exchange, and ultimately let people use the medium of exchange to measure the value of the object.

Bitcoin certainly wouldn't want to replace gold, and if it replaced gold that day, it would lose its meaning.

Bitcoin is worth more than gold, but it can never be a national currency. Because bitcoin itself is not a stable currency, it is not controlled by politics, it is not an element of official currency, it is destined to be a folk currency.

Gold has been used as money for thousands of years, so it is unlikely to be replaced any time soon. People who think gold will suddenly lose value are deluding themselves. Bitcoin will perhaps complement gold as a digital version of it.

Please do some more research. Because I can show you many sources that corroborate what I'm saying. Including wikipedia itself.

China’s gold imports have surged over 700 percent since 2010 and the country remained the world's biggest consumer of the precious metal last year, according to the latest data from Hong Kong. In 2015 the country imported almost 1,000 tons of gold, compared to about 100 tons five years ago. China was followed by India which imported 849 tons of gold in 2015.Last year China’s demand for gold coins surged 25 percent in the fourth quarter from a year earlier. The rush followed Beijing’s devaluation of the yuan as consumers sought to protect their wealth.China’s central bank has also accelerated gold purchases to diversify the country's reserves away from the US dollar.However, Beijing doesn’t explain the jump in gold demand, claiming the country’s gold reserves have grown only a little in recent years.

China has a lot more gold than they declare," John LaForge, head of Wells Fargo's commodities team told CNN.For the last six years Beijing has stayed secretive about its gold reserves. Last year the government finally revealed a nearly 60 percent growth in reserves since 2009. The country became the fifth largest holder of gold in the world, following the US, Germany, the International Monetary Fund (IMF), Italy and France.

https://www.rt.com/business (https://www.rt.com/business/332125-china-gold-demand-increase)

in my opinion NO, bitcoin can't replace the gold, the gold have a physic bitcoin not, the price of gold is stable than bitcoin, this is the main advantages of gold than bitcoin, we all know that old people like to invest in gold because the gold is real and you should kept it by yourself, in bitcoin you need the 3rd party to make sure that your bitcoin is safe, like web wallet, hardware wallet, and the other. so maybe have a little risk because of this

may be in the future. The main problem is that many countries slow down the process. when all countries begin to support it openly and then we can see.

Yeah so how come if what you say is true that the falling price of Bitcoin is blamed on governments and banks
and not a fucking word is said here about the mining fees crashing the price when they peaked at $55.

The charts back up what I am saying and how come the lightning network is nothing more than a system of
banking hubs.

Come on, stop being a parrot and repeating just what you are told to repeat because it won't save your pocket.

For me gold and Bitcoin are the same thing because it can be an investment. But for now I think that Bitcoin is much more worth it because it has a high fluctuation rate so that we can get a fairly large profit margin so it is suitable to be a long-term investment and short-term investment. While gold is much more suitable for long-term investment because the price is quite stable, but still the gold price increase is not too high. Yes gold more offers us to a security in making investments.

yeah i agree with it bitcoin can never replace gold , no one can replace God works. Virtual money and gold is not the same.so gold and bitcoin don't have affect with each other.

I still believe bitcoin cannot replace gold because is very expensive and the market value is always increasing
unlike the bitcoin that the price is changeable depending on the investors.

Go back to school

Individuals believe that the current gold reserves are largely a historical legacy and have nothing to do with currencies, and currencies no longer need gold to support them.

Bitcoin is a new type of cryptocurrency, and many people now invest in bitcoins.

I don't think that Bitcoin would ever replace gold, for a number of reasons. Bitcoin is a form of currency, whereas gold has many other applications, the one of the most important is jewelry. Gold doesn't require electricity to trade, on the other hand, you need electricity (computer and internet) to trade bitcoin. Gold is one of the most liquid assets, traded daily in well-established exchanges all around the globe. With gold with you, anywhere you travel in the world, you can convert it into cash.  Every day, some $18 billion, worth of physical gold are traded in London alone.

Gold and Bitcoin are completely two different things. One is fully physical and other is virtual. But if you mean in case of value, my opinion is Yes. People will rely on bitcoin more than gold.

in my opinion bitcoin is very potential to replace gold because bitcoin more clearly only has a total supply of 21 million pieces of bitcoin while gold is still very much and you try to imagine how long gold exchange has been going on while the new bitcoin briefly already can almost equal the circulation of dollars earned from trading bitcoin .

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.

There's no way that bitcoin can replace gold in any aspects. Maybe one day it will compete with gold but it's hard to fathom how can bitcoin will replace it. Gold is way far different from bitcoin evenand if they're both beneficial to us. Usage of gold is still better than of bitcoin so no for it.

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.


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.

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.

in my opinion bitcoin will not be able to replace gold because gold is a jewelry used, but bitcoin can be swapped into gold

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  8) 8) 8)

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.

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.

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

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.

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 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.

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.

Never this could happen, just because gold is speacial metal, bitcoin is cryptocurrency ;D ;D ;D

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.

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.
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.

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

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

no as it has been used by mankind for centuries already

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

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.

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.

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.

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.

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

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.

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.

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

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.

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.

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.

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.

I think that bitcoin will replace gold. This is just the beginning.
I think that bitcoin is more attractive than gold, because the crypto currency, extracted with the help of a lot of computers performing complex calculations, is more mobile than gold and easier to divide.

No, Gold and Bitcoin can both be made investment, even I think Bitcoin investment is better and bigger chance to succeed in Gold Investment appeal. However, Bitcoin can not replace Gold. because Gold can be used sebagia jewelry tool, while Bitcoin Digital goods only. And for some people, there are still many who do not believe in Bitcoin.

I think bitcoin should not replace gold. Bitcoin is a digital virtual currency. Bitcoin has its advantages and disadvantages. Among the shortcomings can be noted its volatility, bitcoin is too variable for the needs of the user. Gold has existed for many decades - it is not only an investment object, but also a valuable material, from which expensive jewelry is made. In this way, gold and bitcoin have their functions and their mission.

An old long discussion which is going on since ages and what we all have to asnwer is that they both are absolutely different and the very same answer is true today. Gold until now is just seen as asset and nothing like that once it was considered as currency but its own problems led to replacement of gold. We got asset backed money after we replaced gold. However, we later came on with fiat which was nothing but just accumulation of debt. For which we bought in crypto something as real money like gold but also easily transferable as fiat. So obviously bitcoin has already replaced gold as currency but as a form of asset its still dubious.

I am sure that Bitcoin can't replace gold. It is very simply. People believed in gold for centuries and that it worths something, but Bitcoin has no such trust. In future BTC and gold can become competitors and both assets will have large support from investors. But in the nearer 10-20 years I don't believe that in will become reality.

BTC will never replace gold, but BTC may become digital gold, stored in the form of gold on the Internet.

indeed gold from the past is the most popular and very famous even to this day there are still many people who use gold to invest, but, I think of course we are following with the progress of the times and technological advances and bitcoin is one tool to invest and my opinion about a very nice bitcoin so I think if bitcoin is getting a lot in getting by investors to invest I think people will switch to bitcoin and I think that bitcoin will properly replace gold some time later ;)

It is as easy as this, when people need a thing, like a thing, or are amused by a thing, that thing will be important. Hence, it will have value. But as to how much value it will have will depend entirely on how people are driven into it or how much they need or want that specific thing. This is the case with gold and bitcoins. But really, I would prefer to have both if I could than to even chose between the two which is completely dumb. But that's just my opinion though.

Bitcoin has already replaced gold.Gold has become outfashioned and people are involved more in bitcoin due to its high profit margin.Bitcoin is the topmost cryptocurrency and its price is also very high even though there is a fall in price.Bitcoin's price is very volatile and this is the main factor why it is preferred over gold.Gold is very stable so the profit rate is very littile or nil.People having bitcoins hold them for future price rise.Bitcoin has also captured the market.

I think both are trustable and had a huge worth for all times so i think bitcoin had an more than one step ahead of gold because the value is more higher than gold in short time so bitcoin has more value than gold in future.

Bitcoin and gold are completely two different things. Gold is a metal which is given to us by nature and Bitcoin is a cryptocurrency created by a man. So the question of one replacing the other does not arise. Gold is used a long term investment since a long time whereas Bitcoin is also used in place of fiat money. The amount of money invested in gold is in trillions and Bitcoin is not even close to that. Bitcoin can never have that wide acceptability.

Where will the bitcoin, if suddenly the electricity is turned off?) Have I answered your question?) ;D

I think no, bitcoun cannot replace bitcoin even if bitcoin has a high value of money. gold is hard to find becauaw you need to dig mountain to find one. Gold is more expensive than bitcoin, you can earn money in bitcoin but not as much as a gold. Bitcoin cannot replace gold.

No, bitcoin is crypto currency and gold is a natural resources. So, I think two difference thing.

Yes in terms of value may be bitcoin is better than Gold but in terms of stability in the market i think gold is better because even war or any financial crisis in the market can't stop gold popularity.

Bitcoin is virtual like credit card and online banking network that we use every day. Bitcoin can be used for online and in-store payments as well as conventional money. Bitcoin technology - protocol and cryptography - has a strong record of security records, and the Bitcoin network is probably the largest distributed tally project in the world. Bitcoin's most common disadvantage lies in its user error. Bitcoin wallet data that holds private keys can be erased accidentally, lost, or stolen. This is similar to physical cash stored in digital form. Fortunately, users can apply security measures to protect their money or use the services of providers that offer high level security and insurance against theft or loss.

Gold is a trusted precious metal that can retain its value and be used in transactions. In addition, gold has a unique and rare because gold is made from the process of magmatic or concentration on the surface of the earth. Gold is a metal that is soft, corrosion resistant and easily exposed so that in its development gold can be formed into jewelry. Gold is known before Christ and is used as a tool to transact. Currently, gold becomes one of the largest investments or foreign exchange earners for the country

Both of these will make a good investment vehicle. live we can consider and have the courage to ber

In your opinion, bitcoin will be better because it will produce more than it will produce when bitcoin will continue to rise in price on its journey. The rise and fall of bitcoin market price but if invested in long-term bitcoin will be much better that I think.
thank you

For this moment, i think gold is still not being replace so easily. Gold is limited edition and there is fix formula and rate for every gram it sell and it also has the committee to check and to help to fix the price. But for bitcoin, it is decentralize, thus it is hard to fix the rate and its rate also too fluctuate to monitor. So maybe in the future it will be the gold in crypto world but it will not able to replace gold.

Bitcoin is different than Gold, and no one can replace the other obviously. Gold is mainly a physical asset and considered among goods, while Bitcoin is a crypto currency and digital asset too. Both of them are very valuable and profitable, but gold is the oldest one and it is very trusted by people around the world more than Bitcoin right now.

Bitcoin can also be positioned as gold.
gold is a mined item and used as a medium of exchange.
Likewise, bitcoins are generated by mined and both have a limited amount to be mined.

The popularity on bitcoin is now trending all over the world because of the capabilities than gold has. I know gold is also popular in terms of prices but I think in terms of opportunity and without any amount to invest bitcoin is the most relevant. It has a brighter future as long as we support and manage our time for the sake of bitcoin. Bitcoin is decentralized and no one can control on the market price and the fluctuation so I think in near future it has a potential to be our single currency and the USD will be replacement on currencies.

Bitcoin and gold are in two separate categories, sure they are both stores of value, but one is digital and one is physical. They both have their own space, and both will continue to be used. Obviously Gold is no longer used as a payment method due to the difficulty in moving it around, and verifying its value.  If you are asking if bitcoin will replace gold, it already has, what you should be asking is when/if ever will it replace fiat.

I don't see that happening any time soon. Both of them are of different entity, so gold will be what it is physical store of value and bitcoin may continue been king of crptocurrency.

Bitcoin is not stable enough to replace gold

I do not think that BTC will replace gold. They are a risky asset and are not recognized internationally as gold.

Between gold and bitcoin are different functions but can be related to each other. Packaging as a beauty that can be bought with bitcoin.gold can be replaced by bitcoin when gold in position as an investment.

Yes that is right that these two are different thing, bitcoin is a currency a online currency, while gold is an element and we mostly use gold for saving purposes, I think that those people who want make money then they should invest their money in bitcoin, because bitcoin has a good potential to give us a good profit.

I do not think that BTC will replace gold, but gold and bitcoin have different functions but can relate to each other as an investment. Bitcoin is a risky asset and is not internationally recognized as gold.

I agree with you. bitcoin can be like gold but bitcoin can not replace gold. because gold has a shape but does not run on a required system such as using payments. while bitcoin is a much-needed system for payment transactions. both valued because of the deal between the seller and the buyer.

Some people will never trust bitcoins because it is an online investment. For those who treat all opportunities with same eye are already placing their bets on bitcoins.

I think no, because gold is gold and bitcoin is bitcoin, what i mean is the two of them is very famous to us and both of them is even though they are not the same value but bitcoin is cant replace gold and viseversa.

I think Bitcoin has already replaced gold.Many people find Bitcoin most trustable than gold. Bitcoin is the king of cryptocurrency and it is one of the safest investment.Bitcoin is ruling the world I think people are interested to invest in Bitcoin more than gold.So in my opinion Bitcoin already replaced gold.

Those two has different thing. But both has value. Meaning i can use bitcoin to buy a gold for my business.

Even if people all over the world is getting more and more aware of bitcoin we are not in that position yet. Many asean countrys almost use gold as a currency. Older generations are aware of gold but would never really trust bitcoin. I think it will take a few years to get close but they are at least comparable.

Bitcoin will not replace bitcoin for me. Gold is a sign of power long ago and until now gold is sign of wealth. Ooops, not just a sign of wealth but gold is a precious element.

The previous year prices of bitcoin had made it clear to everyone that it is the only mode of investment that can get you desirable results and this is why majority switched to crypto market from rest of the competing markets in this regard. We should not give up on diamonds and gold but only when you have large investment in bitcoin. Your first priority should be bitcoin backed up with gold and diamonds.

Gold has been with us for generation now and it value is fixed and facts has it that the price of gold in the exchange market is fix and stable for long now and gold can not be use as a mode of payment in other words gold is not a currency, but bitcoin on the other hands is a digital currency and at the same time an assets with a great value in the exchange market but it price is volatile that is to say it does not have a fix or stable price but a digital currency.

It seems that it has happened because the interest of investors in gold has begun to be replaced because of the Bitcoin, a lot of shareholders who are hunting Bitcoin to be their investment material because the Bitcoin can generate excess profits.

I don't think that bitcoin can replace gold. Gold has been there since time immemorial. Gold has a very stable price compared to that of bitcoin