Will bitcoin replace gold?

[An0nyMoose]

Gold will NEVER be replaced. Bitcoin is only a virtual substitute/equivalent for it.

[1714786623]

1714786623

[Anyobsss]

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.

You can't compare to different things. Bitcoin  do not physically exist while Gold is and has been there for thousand of years. Bitcoin may vanish so yet we don't really know since we don't know what future holds but Gold on the other hand will not vanish and will be forever in there.

[streetlight]

Bitcoin is already on the verge of replacing gold. It is just a matter of time before these gold bugs figure it out. Thing is there are a lot of them and they're not going to go down easy.

[setupbounds]

For me gold has a fix value and it has physical form and bitcoin is data and the value is changing anytime and it is to far for the comparison of this two...

Comparison between gold and bitcoin is totally out of the blue moon gold because the bitcoin power is more as compared to gold and now everyone is running toward bitcoin, nobody shows interest in gold because its price is flat now and new thing that is bitcoin is taken over all these things and just because of that gold miners are coming toward bitcoin.

[TheGodson]

No, I don't think it will. Gold is in its own category. While Bitcoin is similar to gold in a lot of regards it has distinct differences. It is important to remember that bitcoin carries the blockchain technology with it giving it some other value then just being a string of numbers including 1s and 0s. Bitcoin is just a better way to send transactions and is given value by what it can do in addition to the herd mentality that bitcoin will increase in value over time.

[TagaMungkahi]

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, it will not replace bitcoin and Gold is way better than Bitcoin in terms of globalization and acceptance of people and bitcoin is the standard on measuring the fiat's monetary value and it has been used for a long long time before bitcoin came.

[ApocalypseNow]

No, bitcoin is very different from gold. You can make precious jewelries  with gold and wear it while in btc you can't. In short, gold is a physical asset while btc is a digital asset. They can't really replace each other because they can't exist in each other's form.

[Janademir4]

although gold and bitcoin are different types, bitcoin is a means of financial transactions while gold is a jewelry that already has its own place in the human heart, therefore bitcoin and gold will not exhaust each other

[Blackwhite69]

Gold will NEVER be replaced. Bitcoin is only a virtual substitute/equivalent for it.

I agree, Gold is an object that can be exchanged for money and Bitcoin also but gold is something that can be felt different from Bitcoin that only virtual.

[nightways]

Replace gold in what sense? This comparison between bitcoin and gold should not exist. These two are very different from each other. Gold is not just a metal dug out to be sold, it is also not just a jewelry. It is a scarce and precious metal used in different industries. So it is very different from bitcoin.

I must say that bitcoin has already defeated gold in so many ways. Most of the people who were previously investing in gold are now investing their money in bitcoin. As far as I think, gold will be only used as a jewelry in the near future and it will be bitcoin only who will be leading the race. Bitcoin is no doubt far more profitable as compared to that of gold from investment point of view.

[amishmanish]

Replace gold in what sense? This comparison between bitcoin and gold should not exist. These two are very different from each other. Gold is not just a metal dug out to be sold, it is also not just a jewelry. It is a scarce and precious metal used in different industries. So it is very different from bitcoin.

I must say that bitcoin has already defeated gold in so many ways. Most of the people who were previously investing in gold are now investing their money in bitcoin. As far as I think, gold will be only used as a jewelry in the near future and it will be bitcoin only who will be leading the race. Bitcoin is no doubt far more profitable as compared to that of gold from investment point of view.

There is no need for Bitcoin to replace gold. As a hedge against uncertainty, Bitcoin will never replace Gold because ultimately it derives its value from the market. Tomorrow if the market falls nobody would buy your bitcoin for what you think its worth.
Tomorrow if all the exchanges crash, your Gold will still have value. You may even be able to exchange it for bread at your friendly neighborhood Jeweler's shop.
Bitcoin will definitely become valuable but will not replace Gold. People will keep Gold. They'll also keep bitcoin.

[esatceza]

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.

I think in addition to gold people use other valuables, such as cash, stocks, jewelry and other gems. In addition, today when material is no longer sufficient for us to use it, humans seek virtual values, including digital money. Bitcoin is an example. Not only is Bitcoin a place where many people invest and make money. In addition, it is very convenient to move and pay many times more than gold. Thus, Bitcoin can replace gold

[kejot]

if we see here in terms of price obviously very substitute once the price of gold and bitcoin very much different

[Mr.John19]

In my opinion bitcoin can’t replace gold. The gold is precious metal in this world and many years we know that gold is like a money but even bitcoin is also like a money. But gold is much popular than bitcoin. Bitcoin and gold have similarity they can be mined in diverse ways, you can sell them to earn money, have a high price in the market but gold have is higher than gold and you can invest on it. But there are also many dissimilarities because gold has different story and characteristics on bitcoin and bitcoin has also different story characteristics. 

[ivrynx]

I think bitcoin had already replaced gold, in terms of being an asset. We should look back, gold was used before for transactions, and in time it was replaced by fiat, which most people still use today, and in time,  bitcoin will replace fiat. If we compare bitcoin and gold, both have the same traits of being highly volatile, and gold right now is just considered to be an asset, since only a few to none uses gold for trnasactions, however bitcoin is still both, it is an asset and currency, just like what they say, bitcoin is gold 2.0, in that case, i think its safe to say that bitcoin is improvised gold, and it had already replaced gold in.terms of being an asset.and currency as well.

[Aufar]

when talking about the price is bitcoin more have a higher price than gold but both have the same strength is also much in demand all the people but bitcoin still not widespread like gold, because bitcoin can be obtained through online and the project is on the internet in the form of digital money

[the_hillman]

I don't think so, at least not in the short-term. I think there are people who will always like more tangible things that they can see/hold (let's not get into the fallacy of this belief when it comes to how most people store their gold).

[Kahoy01]

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.

When you see the value of bitcoin totally rapidly to increase so i think it's a yes for me  but not now i think after 10-20 years bitcoin will replace gold i will sure that and i know that the of bitcoin in the next 10 years is $10000-$20000  

[Skyshark]

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.

Bitcoin replacing gold is not impossible, it might happen if people will just agree to make it that way. But I think its gonna take years before that happens. Bitcoin is still new, and unstable, if that happens then we could lose money in an instant. Some says that bitcoin is a bubble that could pop anytime, and with it popping, your investments or money will pop gone along with it. So I think bitcoin still have a long way to go.

[Semar Mesem]

For the future of course can, but for now or 10 years again it seems very difficult because the market share of gold is very large and become the reference of foreign exchange of all countries.