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Author Topic: Will Bitcoin Replace Gold ?  (Read 340 times)
galkinig
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April 15, 2018, 03:17:55 PM
 #101

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

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.
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Zero21
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April 15, 2018, 03:22:36 PM
 #102

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.
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April 15, 2018, 03:25:07 PM
 #103

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.

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April 15, 2018, 03:28:37 PM
 #104

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

Those two has different thing. But both has value. Meaning i can use bitcoin to buy a gold for my business.
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April 15, 2018, 03:31:37 PM
 #105

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.
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April 15, 2018, 03:37:23 PM
 #106

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.

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April 16, 2018, 07:07:27 PM
 #107

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



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.
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.

awawo
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April 16, 2018, 07:15:41 PM
 #108

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.

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April 16, 2018, 07:34:05 PM
 #109

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.

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April 16, 2018, 07:36:11 PM
 #110

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

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Ajimal
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April 17, 2018, 07:37:27 AM
 #111

Bitcoin will never replace gold for its inherent physical properties. But bitcoin could replace gold as the preferred medium of exchange. It's hard to say at this point because even bitcoin has not even penetrated 1% of gold market. It could very well be another cryto that overtakes bitcoins market share.
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