Will bitcoin replace gold?

[RiskySanchez]

Bitcoin is better than gold i think. Whenever you investment btc you will more get profit and have a high price than gold. But gold can't be replaced by bitcoin because what ? gold has its own market and has a sacred thing compared with bitcoin like being jewelry and requirements for marriage

[Faith Joy]

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 i think it would not because the value of bitcoin and the value of the gold has many similarities. I believe that people will both support bitcoin as well as gold that is why the value of this two will grow higher and higher and this two will be successful and will be used by many in the future.

[PORN_coin]

as i see it full scum

[batang_bitcoin]

Bitcoin is better than gold i think. Whenever you investment btc you will more get profit and have a high price than gold. But gold can't be replaced by bitcoin because what ? gold has its own market and has a sacred thing compared with bitcoin like being jewelry and requirements for marriage

It's better than gold because we are in bitcoin but for those people that are goldsters and has a mass of investment to gold they'll also the same thing for gold. But when it comes to replacement why people keeps on thinking that bitcoin will replace gold and even fiat currency or dollars? There's no need for us to compare these two great investments, be wise enough that you'll be getting good returns on these assets.

[G2z_Riya]

That's not that easy to replace gold which has already reached a level in terms of security based asset as well in terms of universal acceptance. To reach such a state people all needs to realize the goodness of technology, until then it is not easy to happen.

[Wildwest]

Gold is a metal element that is shoft, shiny, yellow, heavy, and easily shaped. Gold is used as a financial standard in many countries and is also used as jewelry and electronics. Bitcoin will be very difficult to replace Gold, because this gold has its own advantages that make gold users more interested to having this.

[Hallmader]

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.

My friend, at least be realistic with your analysis. It simply does not coincide with what is logical. Gold is still gold. It is something that has been treated with utmost value even before the grandfather of the grandfather of your grandfather was born. Until now, it is still considered as such because it is not something that we can take anytime we want. Miners of gold are actual people digging the grounds to look for it. And the earth has very limited supply of it.

[777asianinvasian]

It has the ability to overthrow gold for sure because of several distinct advantages. Those include fungible, storage, and zero inflation moving past a certain date. With all that known I think it is possible to overthrow gold.

[Sanugarid]

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.

Nope. I don't think so because we all know that bitcoin is not strong or stable as the real money. Gold nowadays are very stable and stable because today we all can see that bitcoin are facing many trials or hindrances although bitcoin can pass over it we cannot say that it is somehow can replace gold.

[decoder88]

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 has the ability to grow and grow and many people nowadays are using it so that it ia veey popular to many people yet it doesn't mean that it can replace the gold in this era because gold in today are very good in terms of services and we can all say that it is better to have it than in bitcoin. But of course we all know that bitcoin can give us much higher earnings.

[tomorow]

Because world isn't completely digital. Must be a real form even though bitcoin is valuable, but not all countries accept its existence and its use.  

[cherrymobile]

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.

Ofcourse bitcoin is repidly increasing and bumping up to the highest price so no doubt that bitcoin will replace gold ! Bitcoin is amazing so thats why many people trying to invest in bitcoin becuasw they know that they will get a lot of money here.

[Spendulus]

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.

Maybe 3,000,000 troy ounces gold sales volume bullion coins per year.

http://www.usagold.com/bulliongoldcoinsales.html

At 1300/ounce USD$ that's 3.9B right?

Bitcoin transaction volume is of course bouncing around but conservatively 250-350M per month or 3.0-5.0B / year.

https://blockchain.info/charts/trade-volume

It does seem that bitcoin transaction volume has surpassed bullion coin sales...

[mikaeltomcruz12]

i think no,bitcoin and gold have big differences gold is material thing that can use as accessories and it can be pawn,while bitcoin is a digital currency that can only use in digital system.

[senin]

Bitcoin can gradually displace the usual paper money, but to replace the gold itself, it clearly can not. These are different categories of values, and they exist even in different worlds - physical and virtual. Each value has its own distinctive functions and tasks and they can and will exist in parallel with each other. Gold, in my opinion, will exist as a measure of value forever.

[Leeke]

Will bitcoin replace gold? No.
Will bitcoin replace gold as a tangible asset? No.
Will bitcoin replace gold as the currency of the zombie apocalypse? No - noones going to care about either in a zombie apocalypse - guns, food, water and toilet paper would be my currency of choice if I'm still alive.
Will bitcoin replace gold as a widely accepted form of investment to have in your portfolio? Diversify and hold both. Everything has a cycle.

[Spendulus]

Will bitcoin replace gold? No.
Will bitcoin replace gold as a tangible asset? No.
Will bitcoin replace gold as the currency of the zombie apocalypse? No - noones going to care about either in a zombie apocalypse - guns, food, water and toilet paper would be my currency of choice if I'm still alive......

How do you know? Maybe you will be able to buy off the zombie attacks with gold and they can buy caged human victims with gold. You know, the zombies that used to be banksters and car salesmen.

[d0r10n]

Will bitcoin replace gold? No, gold has a utility as a form of jewelry and status that people want and to show off.
Will bitcoin replace gold as a tangible asset? No
Will bitcoin replace gold as the currency of the zombie apocalypse? Nope, basic survival first, maybe if/when some order is restored, but probably not for a long time.
Will bitcoin replace gold as a widely accepted form of investment to have in your portfolio? Hopefully yes!

[popolite11]

I have heard such information too that bitcoin replace gold within some years in future. Allegedly bicoin will become so expensive and hard, something about 55 000$.
On the contrary for now we can talk about competeting of bitcoin with huge amount of others.

[gesdan]

its a different asset, in gold you can see it physically and if you want to sell it you need going to gold exchanger in  your city and sell it manually, and bitcoin is virtual, it can't see physically but have a big value if you a person that want to invest in safer way but need a long time to get the result i suggest you to invest in gold, and the result is bitcoin never replace the gold in any sector because both of them work in different ways