Could Bitcoin Crash Gold?

[soden]

i say No.
gold is legendary jewerly from oldest...
and have like a prefential position in everyone heart.
this is like symbol of luxury and rich when we can to see live...

[risingtide]

Gold is a physical lump. Bitcoin is not. That's all that a huge amount of people will care about for a long time to come.

And that's a huuuge difference between Gold and BTC that should keep it popular as a store of value well into the future.

• There's also no psychological significance to carrying around BTC in whatever tangible form (paper wallet) that says to the average person "this is valuable and will save my ass in desperate times."

• Let's say a natural disaster hits a part of the country. Gold is recoverable even amid the rubble, BTC on hard drives / paper wallets much less so, which would only further reinforce psychologically the value of gold in times of disaster.

• Also, in times of mass hysteria / panic in the streets, can you really be certain that the BTC network will be up? I will say that Jim Ryckards new book did mention that you shouldn't be holding "paper gold" as that too will likely be worthless when-the-sh*t-hits-the-fan.

[moderntimes]

I SHOULD SAY nO.
gold is a luxury and very having prestise and high value,
the price is very expensive. and everyone love it..

[Patatas]

I think it will in the near future, who knows?

[Abiky]

If Bitcoin is compared to Gold, then maybe Bitcoin could crash Gold if it becomes very valuable. Lets say $1500 or more. Just my opinion. Please correct me if I'm wrong 

[gentlemand]

If Bitcoin is compared to Gold, then maybe Bitcoin could crash Gold if it becomes very valuable. Lets say $1500 or more. Just my opinion. Please correct me if I'm wrong  

There are nearly 6 billion ounces of gold as opposed to 15 or so million bitcoins. That's around 400 ounces per coin. The price would have to be in the several hundred thousand range to match gold's market cap.

[bitcoinmar]

I think it will in the near future, who knows?

I don't think this is going to be happen because Gold has his own worth and bitcoin can give some good competition  in near future in trading

[Xenoph0bia]

I think it will in the near future, who knows?

I don't think this is going to be happen because Gold has his own worth and bitcoin can give some good competition  in near future in trading

Yes, bitcoin can never crash gold, as it has been proved to be the best investment product since past, and it will be the best in the coming future too, and the reason is there are many people who are not aware about the bitcoins so they would not prefer to invest in it.

[aakashsangwan]

I think it will in the near future, who knows?

I don't think this is going to be happen because Gold has his own worth and bitcoin can give some good competition  in near future in trading

Yes, bitcoin can never crash gold, as it has been proved to be the best investment product since past, and it will be the best in the coming future too, and the reason is there are many people who are not aware about the bitcoins so they would not prefer to invest in it.

Yes, not more than one million people do know about Bitcoins or any other crypto currency.
But when we see the statistics of gold then everyone knows about it and even a child can also tell us that what is gold.

[gentlemand]

Yes, not more than one million people do know about Bitcoins or any other crypto currency.
But when we see the statistics of gold then everyone knows about it and even a child can also tell us that what is gold.

But how many people do you know who actually own any gold? Out of everyone in my life I only know of one.

[allthingsluxury]

Bitcoin is never going to replace gold. It is a good alternative, but it is not intrinsically the same. Both have their benefits.

[Gyfts]

Gold will never lose it's value. That's the beauty of it, comparing it to something like Bitcoin. The two coincide nicely actually from an investment standpoint. To answer your question though, Bitcoin won't crash gold. Will one "outshine" the other? Probably. Too early to tell now.

[megashira1]

Bitcoins flaw is that it relies too heavily on technology. And you all are putting way too much faith into this technology. One catastrophic event can change everything. And there's repeated evidence of this throughout human history. Look at all the advanced civilizations which have been wiped clean from earths surface. Yes, but gold still remains.

[Investacoin]

Gold and Bitcoin are different asset classes. Gold is a historical, traditional way of storing a value. Blockchain technology is a future. What's in common is that, if we set aside certain manipulation attempts, they can't be controlled by governments.
Long term, both of them are going to survive, which we can't say for certain about fiat currencies.

[gripflierGO]

Bitcoin is never going to replace gold. It is a good alternative, but it is not intrinsically the same. Both have their benefits.

That is right, bitcoin is a new to the world yet, and gold is ruling the world since its inception, Bitcoin can never replace gold, but the only advantage with bitcoin is that you can carry any amount of bitcoin in your digital wallet, even if you are travelling across the countries, whereas gold is something that can catch an eye of customs if you are holding in a bulk.

[aakashsangwan]

Bitcoin is never going to replace gold. It is a good alternative, but it is not intrinsically the same. Both have their benefits.

That is right, bitcoin is a new to the world yet, and gold is ruling the world since its inception, Bitcoin can never replace gold, but the only advantage with bitcoin is that you can carry any amount of bitcoin in your digital wallet, even if you are travelling across the countries, whereas gold is something that can catch an eye of customs if you are holding in a bulk.

Now a days we can also store gold digitally.
Then also customs can not get to know that how much gold we have with us.

But getting Bitcoin cashed out is a big deal because not much merchants accept bitcoins and which does have also trading fees.

[gripflierGO]

Bitcoin is never going to replace gold. It is a good alternative, but it is not intrinsically the same. Both have their benefits.

That is right, bitcoin is a new to the world yet, and gold is ruling the world since its inception, Bitcoin can never replace gold, but the only advantage with bitcoin is that you can carry any amount of bitcoin in your digital wallet, even if you are travelling across the countries, whereas gold is something that can catch an eye of customs if you are holding in a bulk.

Now a days we can also store gold digitally.
Then also customs can not get to know that how much gold we have with us.

But getting Bitcoin cashed out is a big deal because not much merchants accept bitcoins and which does have also trading fees.

But I get my bitcoins cashed out very easily and I don't feel that traders do have that high trading fees, I feel it very easy and best way to convert my bitcoins into fiat currency, I send them trade request and they transfer money to my bank account within minutes, So if you are not finding merchants I would suggest you to visit localbitcoins website.

[harrymmmm]

Bitcoins flaw is that it relies too heavily on technology. And you all are putting way too much faith into this technology. One catastrophic event can change everything. And there's repeated evidence of this throughout human history. Look at all the advanced civilizations which have been wiped clean from earths surface. Yes, but gold still remains.

Your examples were caused by too heavily relying on people.
Reliance on tech is a way safer option. Isn't that obvious?

Another advantage of tech is, if you find bugs, they can be fixed. Not like people or even govts.

[lottery248]

yes, dud.
gold is unlimited all over the universe, divided up to a particle.
bitcoin could only be divided as low as 1 out of 100 million and very limited as 21 million.

[umaOuma]

Gold and Bitcoin are different asset classes. Gold is a historical, traditional way of storing a value. Blockchain technology is a future. What's in common is that, if we set aside certain manipulation attempts, they can't be controlled by governments.
Long term, both of them are going to survive, which we can't say for certain about fiat currencies.

All 3 of them are going to survive in future, but the important thing is which would be more valuable in future, As bitcoin can never replace fiat that is for sure, and comparing bitcoin and gold is something comparing between mom and dad, and that is not possible. So as investment products both have great future and give us some best returns on our investments.