Will bitcoin replace gold?

[DG2000]

Although prices of bitcoin has escalated over that of gold but still I don’t think that bitcoin will be able to replace gold because firstly, gold is a precious metal and its value keeps on increasing. Secondly, gold is a stable form of currency and is often broken down for cash. Thirdly it is controlled by government which results in stabalising gold. So because of the following reasons bitcoin will not be able to replace gold.

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[djselery]

Bitcoin can't replace Gold, there is many differences between them and each have its value and features. Bitcoin is a digital currency used and traded online, while gold is mainly an asset and traded mostly offline. Gold is very old and many people around the world trust it, while Bitcoin is new compared to gold and its community still not big worldwide until now

[Farma]

Bitcoin can't replace Gold, there is many differences between them and each have its value and features. Bitcoin is a digital currency used and traded online, while gold is mainly an asset and traded mostly offline. Gold is very old and many people around the world trust it, while Bitcoin is new compared to gold and its community still not big worldwide until now

well, agree with you. but, some people think that bitcoin really has become better than gold. even more so in terms of business. if the person already knows the bitcoin work system, then they must think like that. different from people who are new to bitcoin, surely it will be difficult.

[trk]

Depend on your purpose of investment between gold and btc.
Gold is a safe haven, which means whatever the situation of economic, politic, etc, the price will at least be constant while other investment might be dumped so hard. But if you a re looking for some long term profit, then bitcoin should be your pick

[kriptotr]

Bitcoin can't replace Gold, there is many differences between them and each have its value and features. Bitcoin is a digital currency used and traded online, while gold is mainly an asset and traded mostly offline. Gold is very old and many people around the world trust it, while Bitcoin is new compared to gold and its community still not big worldwide until now

well, agree with you. but, some people think that bitcoin really has become better than gold. even more so in terms of business. if the person already knows the bitcoin work system, then they must think like that. different from people who are new to bitcoin, surely it will be difficult.

Bitcoin will never be able to replace gold. Lots of meta came into the world and none of them could replace bitcoin here. This also means that bitcoin won't replace gold as well.

[nesh1]

I don't think bitcoin can replace gold because gold is something you can also were an you cannot were bitcoins i just think you can not compare gold with bitcoin those are both on different levels.

[fiulpro]

Hey  
I don't think that will ever happen ... Bitcoins are as important as gold and vice versa
Gold gives us a finer chance of investing in something stable that is for sure not going to go appreciably down, thus decreasing the chances of getting loss,
Well the things like gold, silver , diamond are valuable because of how rare they are,
People tend to accumulate something different than the others, they do right now , since the past thus the notion haven't changed in the years and I don't think it will..thus the demand of gold will always be high which will affect the price of gold thus more people will be attracted towards investing in it.
Both are important at their places , I don't think that will ever happen

[slackcryptoz]

Gold is something that got to usage long back. Also this is the one that is used to calculate the economic situation of the country as several countries print physical currency based on the gold holding. So, in short or long bitcoin replacing gold is not at all gonna happen.

[Adioliver]

First of all the question here is stated wrong.
How can bitcoin possibly replace gold when they are totally two different things.We can compare two things when they are the same thing or have many things in common.Gold's primary function is not investment but it is used as a jewellery.In our country wearing gold is considered as a status.So bitcoin and gold are two different things.But yes they do have one thing in common that is value.Yes so if we analyse them according to their values,gold is pretty expensive now and investing in gold would not be considered smart.On the contrary if we take a look at bitcoins prize it's still not stable and has a long way to go,so it would be better to invest in bitcoin rather than gold.As gold is pretty stable compared to bitcoins.

[Snaic]

Bitcoin will never be able to replace gold and does not seek to do so. These are completely different things and concepts. They are even from different worlds. Gold is in a rough physical world, and bitcoin is in the virtual digital world. Bitcoin and other crypto currency will be in the near future, and in the foreseeable future, along with gold, as the needs for one and the other arise on completely different levels.

[Arkhan.Cimot]

bitcoin can replace all things but bitcoin can not replace gold, because gold for the benefit of the whole society because its storage value so stable is very different from bitcoin that sometimes rise and fall in price nobody knows about it so I think Gold is very unlikely to be replaced by bitcoin

[Vness10]

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 no because they are different in the price and the history. We cannot compare the gold and bitcoin because they have different origin and value.

[qwertyup23]

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 no because they are diffevent in the pricenter and the history. We cannot compare the gold and bitcoin because they have different origin and value.

You are definitely right. One cannot simply compare apples to oranges since they have a different nature and history of its own. Bitcoin may be similar in terms of investment due to its volatile price but gold is being controlled and monitored by each country's government. Thus, its price is more controlled in a way compared to bitcoin. Lastly, gokd has been around since time immemorial. The primary factor that separates the two is the convenience of acquiring such, which bitcoin may be preferred.

[jamids]

I don't think so. Bitcoin cannot replace gold because gold is a physical asset while bitcoin is a digital one. In terms of price, bitcoin is 3x the value of gold but still there are so many people who doesn't know about bitcoin because it is new. Gold has been existing for the longest time and everyone knows it. The problem with gold is that it is not easily divisible while bitcoin can be purchase in small amounts. Gold and other precious metals has been the store of value of people in case there are economic uncertainties before but now, there are people who chose cryptocurrency as store of value because it is easily accessible for them.

[Meowth05]

I dont think so. In the end game Gold is still a precious metal and a beautiful thing in the eyes of a person. Bitcoin is a different story as it is a very good way to make transactions so as for the better currency the bitcoin would be best of two as for my opinion.

Indeed, I don't think so that bitcoin has a capability to replace gold because first, gold has been using for older transaction like buying goods by our ancestors that cannot be replace because it is embeded in our traditions. But who knows there a lot things might happen in the future.

[danggoron]

I do not think so. gold and bitcoin different worlds. bitcoin king in the digital world, while gold in the real world. each has advantages and advantages.

[yamortsac]

No, bitcoin will not replace gold because gold has been used by many over centuries. Gold has a unique properties and/or qualities  that a bitcoin doesn't have but bitcoin also have qualities that a gold doesn't have. Though bitcoin will continue to progress still gold will not be replaced.

[The Monkey King]

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.

Probably no, bitcoin will not replace gold because as we all know, gold has been already used by many people over centuries. Gold has a unique properties that a bitcoin doesn't have. But then bitcoin also have some advantages in compare to gold. Though bitcoin will continue to progress still gold will not be replaced.

[cyberChevan]

Although they are both good investment, btc and gold are way different drom each other. In my opinion they ahould never be compared to each other. Gold is a useful element and is a precious one even from the time money isn't present yet. If someone found a piece of gold or a gold jewelry in the street he consider himself very lucky. He will not just ignore it and pass by. I have nothing against btc here because I know how great it is that in terms of value in dollars or any currency, it has surpassed gold. But it can never replace gold.

[Usui-Chan]

It is very unlikely for bitcoin to replace gold. Bitcoin is not much stable like gold is.