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Author Topic: Bitcoin will be the replacement for gold?  (Read 104 times)
dkkhfhar
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May 15, 2018, 01:34:39 PM
 #21

Bitcoin will replace some of the functions of gold, but many people in the investment market are very fond of gold. I think the total value of bitcoin in the future may exceed gold.

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June 28, 2018, 01:11:19 PM
 #22

The most valuable currency in the virtual money market is Bitcoin. Bitcoin is the creator of this world. It is not a substitute for gold, but it is worth more than gold. In the coming days,in the world will be the only currency to trade.

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June 30, 2018, 10:06:14 AM
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I doubt that will be so . gold is a metal that has its value . but cryptocurrency and blockchain are in most cases .there is no such value . so that not think that will replace

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LickKing
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June 30, 2018, 10:12:10 AM
 #24

Yes, this is a very good news. Does the gold substitution in the future cryptocurrency mean that the US hegemony has disappeared? If this is the case, then the dollar will no longer affect the world, then this is a happy thing.

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June 30, 2018, 10:13:03 AM
 #25

Bitcoin can never take the place of gold.

Gold is a mine that the world gave us. Mother Nature is a gift for mankind.

Digital money is human production things. Man-made things can not replace nature's gifts.

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June 30, 2018, 10:15:56 AM
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I think not, only the investment market for gold will be reduced. because bitcoin will be another investment choice or a favorite investment of many people in the future.

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June 30, 2018, 10:18:43 AM
 #27

Bitcoin will not be a substitute for gold. Crypto currency such as Bitcoin and Gold are not connected in any way. In my opinion, bitcoin will successfully exist in the virtual world, and gold in the real world.

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June 30, 2018, 10:22:33 AM
 #28

Although Bitcoin is much better than gold in terms of technology and mechanism, the price of Bitcoin is very unstable, and the Internet is extremely vulnerable to hackers and so on. It cannot replace gold!

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June 30, 2018, 11:23:07 AM
 #29

Speaking at the Sohn Investment Conference on Monday, April 23rd, John Pfeffer, serial entrepreneur, investor, and currently a partner at Pfeffer Capital, declared that Bitcoin is the first viable replacement for gold.

John Pfeffer said that his anticipation is for Bitcoin’s price to rise to at least $90,000 or even significantly higher.

Bitcoin is better than gold on every point

Pfeffer made a few bold statements, apart from his optimistic Bitcoin price prediction. He also noted that the grandfather of all cryptocurrency is “better than gold.” Decentralization, as well as censorship resistance, are the core pillars of Bitcoin’s prominence, according to Pfeffer. Also, he makes a case that the largest cryptocurrency is “vastly easier to store and transact with than gold.”

Pfeffer also noted that if 25% of the foreign gold reserves were to be replaced with bitcoins, the cryptocurrency network would receive a total value of $6.4 trillion.
While Pfeffer’s statements are undoubtedly brave, to say the least, he isn’t the first one to hint that Bitcoin could eventually replace gold. At the end of 2017, the famous Winklevoss twins were quite firm in their belief, saying that “Bitcoin matches or beats gold across the board.”

A key sentiment can be noticed in both Pfeffer’s statement and the one from the Winklevoss twins. They are obviously isolating Bitcoin from other cryptocurrencies, and they are clear that they shouldn’t be intermingled. At the conference, Pfeffer was quite blunt, saying that the “majority of crypto assets are bad bets.”
 
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In the full probably really cryptocurrency can replace gold, but there is also the probability of fraud, in this case, security wins

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