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Bitcoinbitcoin0909
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December 27, 2017, 06:09:33 AM |
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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 n09759851434ot a competitor for this parameter.
Bitcoin over gold? I don't think that is right. Yes for now bitcoin's market value is higher and it is getting higher for each week or month. It helps to finance your daily needs and even your luxurious wants but gold is the most preciou thing than bitcoin. It has a wide range usage which is very helpful to each of us. It is also popular and acceptable in all country unlike bitcoin. Bitcoin is not yet legalized and not that so popular than gold. |
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vasilijsinicin0155
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December 27, 2017, 06:10:06 AM |
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Hello! I believe that you should not compare bitcoin and gold at all. In all its parameters (purpose, application, tangibility, physical qualities, etc.), they are completely different. Gold has not lost its value for as long as mankind remembers itself. Even if bitcoin can ever replace gold as a measure of value, it will never replace it in other manifestations (medicine, industry, jewelry). There is a high probability that the popularity of bitcoin will pass, it will be concentrated in the hands of rich people, and everyone else will forget about it.
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abutingting
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December 27, 2017, 06:25:11 AM |
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Gold cannot be replaced by Bitcoin. Gold's value is known globally and physically. On our generation nowadays most people who value Bitcoin are those who are knowledgeable in using Internet to have knowledge how powerful digital currency is, which is not absolutely a preferred technique of old folks who knew how valuable Gold from the beginning.
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TechBullion
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December 27, 2017, 06:35:56 AM |
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Bitcoin cannot replace Gold. Gold has many uses apart from the financial part of it. Gold will still remain a precious metal.
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Amajaa
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December 27, 2017, 06:46:07 AM |
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Thats something far from my imagination... Big diffrence between the two.. Gold is a treasure and keep it for a very long time and never looses its value while bitcoin is indeed good treasure for now but its value is indefinite..
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Biggapp
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December 27, 2017, 05:06:04 PM |
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This is similar to asking ‘Will the US dollar replace gold as the standard store of value for investors’.
Most people (even myself at times) are making Bitcoin an A vs B proposition, when really it’s an A + B + C. You can invest in Gold, Silver, Bitcoin, Oil, the Yen and so many more ‘standard stores of value’ right now.
Bitcoin isn’t replacing any major store of value, it’s giving another option.
If we are making a comparison in between bitcoin and that of gold from the market value perspective, then bitcoin had defeated gold and is far ahead of gold. In fact, bitcoin is far better than that of gold in number of other ways like that of investing of money as well. Gold was a good way of making money but now most of people are busy in investing their money into bitcoin instead of gold. |
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fistteam
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December 27, 2017, 05:20:13 PM |
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Although bitcoin has many benefits and investment in bitcoin can make a lot of money but in my opinion bitcoin can not replace gold. Gold is precious metal, it has aesthetics value for humans, and is considered the standard unit to determine the monetary value.
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super5star
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December 28, 2017, 01:37:14 PM |
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I do not think it replaces it, simply everyone has the place in the market that they have. Maybe at some point it will have more demand, but gold has passed centuries and still has value intact
Hey! Hold on! These are not the disadvantages of bitcoin at all. The future of bitcoin is very certain, the way it is increasing in value, even the gold investors are switching to bitcoin as long term investment. As far as the unstable prices of bitcoin are concerned, the stable prices of gold are affecting its popularity badly. Gold is damn stable in value that you simply cannot get sufficient profit form it over a long time. |
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loof99
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December 29, 2017, 10:51:11 AM |
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No because bitcoin and gold are came in different ways. Bitcoin is from the virtual world while gold is in the reality.
Even though bitcoin is a virtual currency still bitcoin is more valuable than gold. Bitcoin have a unique characteristics which its value become greater when the time past by.
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JohnB31
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December 29, 2017, 11:08:00 AM |
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BTCitcoin and Gold are different and have different properties.
BTCitcoin will not replace gold.
Diamonds are more similar to gold than BTCitcoin.
Diamonds do not replace gold and gold does not replace diamonds.
BTCitcoin has properties that gold does not has.
Gold has properties that BTCitcoin does not has.
All can exist together.
However it more probable for BTCitcoin to disappear as a valuable asset (and be replaced by another [virtual] asset) than for gold to disappear as a valuable asset.
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Monyong
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December 30, 2017, 06:54:50 PM |
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I think, Both bitcoin and gold have their own distinctive features that are not owned by other objects and if you understand this then it is more than enough to justify that one will not replace the other...
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Hanablue
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December 30, 2017, 10:17:33 PM |
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Dont you think it already replaced the gold? People are buying bitcoin by selling gold.
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ElPerrito
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December 30, 2017, 11:25:55 PM |
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No because bitcoin and gold are came in different ways. Bitcoin is from the virtual world while gold is in the reality.
Even though bitcoin is a virtual currency still bitcoin is more valuable than gold. Bitcoin have a unique characteristics which its value become greater when the time past by.
Gold is there as gold, the demand to it is stable. But bitcoin is much more different thing as a virtual one. Thus, there is no point to compare bitcoin to gold. They're totally unrelated ones. |
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kojoannan
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December 30, 2017, 11:27:49 PM |
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I perfectly agree with you. And I think Bitcoins has already taken over the place of gold. You hardly hear investors talk of gold than Bitcoins or crypto currencies. Gold seems odd now and to hold crypto is the new era.
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wireless1889
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December 30, 2017, 11:56:23 PM |
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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. And personally I rather choose gold than bitcoin. Why? Bitcoin can lower its price it is not stable than gold. Gold remains its value. And gold is natural minerals it cannot be replace by any technological related things. And aside fron that it is precious metal that is very beneficial and it is has aesthetic vakue for humans. |
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Misshi
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December 31, 2017, 12:00:34 AM |
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Bitcoin just surpass 3 times the value of Gold but I do not think that Bitcoin will ever replace Gold. In fact Gold will always be in demand because it is used mostly in our technologies. The electronic parts are somewhat have a piece of Gold in it. Both are not the same. Because Gold is a tangible asset while Bitcoin is an intangible asset.
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simsamsum
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December 31, 2017, 12:08:04 AM |
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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 do not think that bitcoin will "replace" gold as a store of value, but I do believe that the total crypto marketcap will exceed that of gold ~8tUSD, hopefully already in 2019. |
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cybersofts
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December 31, 2017, 01:01:54 AM |
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Bitcoin is a digital store of value (Digitally) while Gold is also a store of value but (Physical). Bitcoin and gold have two things in common which is a value and physical variations. Bitcoin is currently working as both digital currency and also a digital form of storing value.
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Bountyhunter01
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December 31, 2017, 01:15:49 AM |
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Bitcoin and gold is a pacific value in his way. Gold is a precious metal in the world. And bitcoin is digital currency in the world of crypto world. Thankyou
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RheamaeElbanbuena
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December 31, 2017, 01:22:57 AM |
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I think the bitcoin conjunction is supposed to replace the bitcoin gold because gold is of great value and great help to people who use bitcoin so if I ask if bitcoin is replaced by gold I think I am willing because the value is great bitcoin gold and a lot of value is available to people especially when it comes to a coin that they hold that bitcoin is rich
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