enterprevic
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Merit: 10
Healthpromag.com
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October 23, 2017, 11:22:41 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.
I don't think that't ever going to happen though, bitcoin won't replace gold since it is only a virtual currency and even with the bitcoin bubble going on there are still lots of people who do not know about bitcoin but still know about gold. |
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The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Jessica2009
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October 24, 2017, 02:52:18 AM |
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To my concept ,some extend bitcoin can replace gold.Bitcoin is digital and never exists physically, but in case of gold it exists in the real world. since gold is not depending on the internet we can trust that no cyber theft will be done with gold even if it is safe from cyber theft it can be stolen by robbers, but in bitcoin there is chances for cyber theft, and without internet bitcoin would disappear. We can take some precautions from cyber attack now a days.In the real world it is not much practical to replace bitcoin with gold , but now bitcoin value is unpredictably shooting up and the value of gold is somewhat stable.Bitcoin function is outside of central banks and governments,but not in the case of gold.
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Klestar
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October 24, 2017, 03:01:32 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 don't think so becuase bitcoin now is not totally faymous but the value is so very high other than fiat money and crypto i think after 2-3 years bitcoin will replace gold and i know that in the future this bitcoin is our future money. |
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snedyolo
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October 24, 2017, 03:34:16 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.
Probably not. The thong about gold is you can materialize it unlike bitcoin. In terms of investment on the other hand bitcoin can indeed replace gold. Because of bitcoin’s value that gradually increases. |
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pranaja
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Merit: 10
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October 24, 2017, 04:08:57 AM |
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Bitcoin has been widely accepted in these countries, bitcoin has nevertheless been a real threat to gold, it can be said that the competitive advantage of gold has been lost, as many people turn to bitcoin instead of gold for the needs of alternative currencies
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salinizm
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October 24, 2017, 04:34:03 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 most of the people will replace gold to bitcoin. Because, nearly half of the world population have no clue about bitcoin and they cannot easily count on cyrptocurrencies. I am sure that gold will forever be the most valuable thing on earth . |
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ballerin and giroud
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Merit: 16
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October 24, 2017, 04:42:21 AM |
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I think bitcoin will not replace gold. Because, bitcoin is not necessarily accepted by the wider community. While gold can be accepted by the public.
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btccointalk
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Merit: 20
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October 24, 2017, 04:56:50 AM |
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I think gold will never lost its value because it is deeply rooted in our life . In short, bitcoins cannot replace gold.
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8Habits
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October 24, 2017, 05:04:40 AM |
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I think bitcoin will not replace gold. Because, bitcoin is not necessarily accepted by the wider community. While gold can be accepted by the public.
That is right and we should not say that bitcoin will going to replace anything here because that is really not what the purpose of bitcoin (replacing anything like gold and banks). It will work hand in hand with banks and can be a diversified investment along with gold. |
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retnoanjani
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October 24, 2017, 05:15:42 AM |
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in my opinion can not. gold has a real value, unlike bitcoin whose volality is very high. both have advantages and markets respectively. Choosing an investment in gold or bitcoin is a good choice. depending on each individual, like digital or real.
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kiver
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October 24, 2017, 05:30:09 AM |
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i think so yes bitcoin could be like gold someday in a way an asset that countries keep like a cash reserve and who knows
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posi
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October 24, 2017, 07:33:19 AM |
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Gold is unreplaceable. It is here before the beginning of humankind and it was immediately used by us as value tradeable currency. Nothing will ever substitute gold. But Bitcoin and gold can go along. Even becoming partners in the future, as Gold and oil are together ruling the financial world in the last century. May be we can reach times that both can leave in symbiosis.
Yes, gold have been exist in the world before the beginning of mankind but you guys seems not to understand gold and bitcoin are different to each other. Although, they both serves as commodity but gold is federal reserve while bitcoin is an asset i.e it fix financial economic. |
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MFY151
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October 24, 2017, 08:02:59 AM |
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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.
But I think in terms of trading bitcoins defeats gold in that field. More people were able to participate in bitcoin's market compared to gold since it is more accessible and easily earned even by a regular enployee and non professional traders which makes its demand and supply flourish greatly this year compared to gold. |
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deviant99
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October 24, 2017, 08:05:43 AM |
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It's different matter. bitcoin will not replace gold. Bitcoin is a currency while gold is having its value depends of how much you will have.
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santino11
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October 24, 2017, 08:17:17 AM |
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bitcoin is better than gold now ! bitcoin cant replace gold though it already surppass  gold is nothing now, ill be on bitcoin the best investment now is bitcoin. |
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bots1
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October 24, 2017, 08:18:02 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.
yes it will hapend, just need more time |
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owengtam09
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October 24, 2017, 08:23:02 AM |
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For me bitcoin will not replace gold, they are not the same. They have different potential. For me, bitcoin will remain as bitcoin and gold will remain gold. They have different value and it will depend on us on how do we see them in different ways.
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neolexx
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Merit: 20
ART via BTS & ETH www.magicmouseart.com
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October 24, 2017, 08:25:40 AM |
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bitcoin is better than gold now ! bitcoin cant replace gold though it already surppass gold is nothing now, ill be on bitcoin the best investment now is bitcoin. Do you have any jewellery from bitcoin? Or did you see a girl standing and cooling to a bitcoin? But there is too many gold, and ony 21 M BTC - btc - better for investments )) |
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bots1
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October 24, 2017, 08:25:54 AM |
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bitcoin is better than gold now ! bitcoin cant replace gold though it already surppass gold is nothing now, ill be on bitcoin the best investment now is bitcoin. of course bitcoin is good |
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NeoTech42
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Merit: 10
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October 24, 2017, 08:35:47 AM |
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It will not replace The Gold but Bitcoin is rather an alternative to gold if you want to save all your money in.
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