Will bitcoin replace gold?

[Gudhal Untu]

Until whenever gold will not be replaced, although currently bitcoin is very profitable but this will never be able to replace gold. with this fact I wish we could split the investment into bitcoin and gold.

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[richmcrich]

Gold in general is no better. The value of gold is nothing more than a result of a global consensus

hold it right there...
Gold is not just some shit you extract from earth and trade it to just have value. it has a thousand and one different usages in a wide range of fields. from electronics to medical. and from big (macro) to small (nano) sizes of it is being used.
and the "value" comes from these plus scarcity of it.

 I agree to your opinion that gold is not just some shit that you extract from earth and trade it to just have a value and it has a thousand of different usages. But in my opinion I think bitcoin will never replace gold because gold has a reputation since ancient times but base on golds price vs bitcoins price I think on that one bitcoin replaces gold but in terms on reputation I think bitcoin will never replaced golds reputation.

About the value, Bitcoin can win an old asset as Gold, but about the popularity and the trust in the trading market, I do not think Bitcoin has any chance to replace Gold someday. Do you want to buy Gold for long term saving if you have a lot of money? For me, I always think this field is the first place to saving my money.

It is not can rather bitcoin has already replaced gold as a basic mode of saving large amounts. There are a lot many practical examples where gold investors have simply switched to bitcoin because of the one simple reason and that is the volatile nature of bitcoin which helps it a lot in increasing in prices very high. This is the drawback of gold that it is very much stable in prices and people need to wait a lot before making some decent profit.

[ariewashere1]

It is able to overthrow precious metal of sure due to a number of unique benefits. Individuals consist of fungible, storage space, and zero rising cost of living moving previous a particular day. With all of that recognized I believe it is possible to overthrow gold.r

[EmJay]

bitcoin will not replace gold, if only because gold has many functions besides money. The gold will not be depreciated exactly

true, why people keep asking if bitcoin will replace gold..in the first place bitcoin is far from gold as bitcoin is a cryptocurrency . gold is gold and can't be replaced by bitcoin. the value of gold doesn't depreciate while bitcoin is volatile .even if bitcoin is successfull and it keeps rising high ,for me these two has diffirent function and characteristic so no can't be replaced.

[deppil]

There is no way any of them can replace each other, because we need the both of them. They all have different roles to play in our daily lives, be it transactions or any other purpose.

In my opinion, Bitcoin can have a positive impact on the economy in a given country, but it can not replace something we have been dealing with for thousands of years. It is simply impossible.

Thats right, I think just because bitcoin price is so high and then bitcoin becomes popular and it makes bitcoin replace gold? I think it's not mean like that. gold has existed for thousands of years and will certainly continue to survive as a commodity used by everyone. and bitcoin will not replace gold, but it becomes another option for investment

[wxa7115]

Ofc no gold is rare resources and its still pleasing to the eyes of everyone while bitcoin, bitcoin is none other word that anyone nobody knows it.

Gold is quite rare now. But there is no guarantee that it will remain so in the future. Once space travel is possible, then it may be possible to extract gold and other precious metals from the meteorites. Also, in the future it may become financially viable to extract gold and other minerals from the sea water (the ocean waters contain as much as 20 million tons of gold).

This is something some people struggle to understand, gold may be rare now but it is not going to remain there, gold is going to become a lot more common as technology advances, in the other hand it does not matter how much our technology advances bitcoin is not going to become more common even if at some point miners used nuclear energy to power their miners that will only raise the difficulty.

[8Habits]

Ofc no gold is rare resources and its still pleasing to the eyes of everyone while bitcoin, bitcoin is none other word that anyone nobody knows it.

Gold is quite rare now. But there is no guarantee that it will remain so in the future. Once space travel is possible, then it may be possible to extract gold and other precious metals from the meteorites. Also, in the future it may become financially viable to extract gold and other minerals from the sea water (the ocean waters contain as much as 20 million tons of gold).

This is something some people struggle to understand, gold may be rare now but it is not going to remain there, gold is going to become a lot more common as technology advances, in the other hand it does not matter how much our technology advances bitcoin is not going to become more common even if at some point miners used nuclear energy to power their miners that will only raise the difficulty.

I would rather not think of the differences between both bitcoin and gold and would invest to them at the same time - I think this is the wisest thing we can do as an investor.

[browder07]

Gold can not be compared to bitcoin. Gold is too easy to steal, and the value of gold is not good. A lame comparison. Gold is not money, and bitcoin is money

[gudrun]

Gold is a precious metal. can also exchange like bitcoin. but gold is primordial. And bitcoin is the currency of the future. Gold futures are still valuable. and bitcoin can not be replaced

[camargoherrera]

bitcoin will replace gold
I think bitcoin will not replace bitcoin gold just better than gold and it's more convenient than gold

[desanti]

Bitcoin can not replace gold, unless you just do business Bitcoin to replace gold
I do not think like that because gold is a precious metal and beautiful in the eyes of people for as jewelry, so in my opinion bitcoin and gold both have its own specialties and will not be able to replace each other
bitcoin can be considered a golden shadow but will not replace gold

[eiijee160613]

Hmm i don't think so. All of us can have the right to invest and earn in bitcoin but not all of us can have much gold,but when we invest and earn in bitcoin lots of us can buy much gold..

[Allan Ramanda]

gold remains gold, and so is bitcoin. although bitcoin is more expensive than gold, not gold mean can be replaced with bitcoin. although gold lost the price of bitcoin, gold we can use for jewelry. if bitcoin is a digital currency that is often used for trading, and the latest way to invest in the future.

[cerunnos]

I can't say bitcoin could replace gold because we can find gold outside cryptoworld unlike bitcoin can only found in cryptoworld. But in term of investment I prefer to use bitcoin because its price has a swinging movement.

Truly bitcoin will supplant gold on the grounds that the cost of bitcoins is significantly more higher than gold that is the reason soon you will see the supplanting of bitcoins in gold and the gold will be vanish so you ought to put increasingly in bitcoins to have more benefit.

[Anita1873]

Bitcoin cannot replace gold as gold is physical currency and bitcoin is internet currency. Gold can be traded anywhere but bitcoin can be traded only through internet and internet access is not available everywhere and every time.

[loof99]

No, bitcoin is a electronic currency which cannot replace the physical substance of the gold. Gold is Precious metal that use in luxury items and advance  equipments as well which the things that bitcoin can afford to do.

[dhka]

True, you cannot compare it because they both serve different function now

We still need gold as a safe haven, as an emergency fund when there is some political instability or perhaps war, we can still use it to survive

Bitcoin on the other hand is a form of investment, it will keep increasing in value the more people acknowledge it

[valentinen39]

Yes i think, gold today is still profitable because it already exist before bitcoins came but today bitcoins is the mainstream and more people are keep on investing and hoping for a bright future for bitcoins to earn more profit in the near future.

[McKane]

There are many points that bitcoin easily replace bitcoin.
1) Bitcoin is new technology which is increasing (So people will prefer bitcoin instead to keep gold).
2) Bitcoin is attracting people toward itself because it's price is unbeatable.

There are some points in which people will keep gold instead bitcoin.

1) Old people (Not familiar with technology).

2) Some Cultures (Muslims , Hindus).

[dragonbhai]

Yes i think, gold today is still profitable because it already exist before bitcoins came but today bitcoins is the mainstream and more people are keep on investing and hoping for a bright future for bitcoins to earn more profit in the near future.

I think bitcoin cant replace gold in terms of physical  appearance but in the price i think they are almost the same .and the big difference  is that bitcoin price can change anytime.and that will be a good thing to have an strategy of buying ang selling for the investors.i think that was the advantage of bitcoin than gold.because the price of the gold is stock. If you buy gold today it is high price and if you sell it it is also high price so then you cant even gain a profit in case you gain it is only a few amount.