Will bitcoin replace gold?

[bitcoinmining]

On the markets BTC/Gold exchange is not exist and in the early future I don't see it happen. I still believe in bitcoin, still believe in gold. They are going at different tracks, no need to compare...

[conceivedspoon2]

The value of gold and bitcoin differs. Gold is a tangible asset while bitcoin is an intangible asset. Investing in gold and bitcoin is different. Though both can be traded, investors can decide which of the assets it wants to invest in @ a particular time based on opportunity available.

[bots1]

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 ))

no but i have clotes and laptop from trading bitcoin

[yoseph]

The value of gold and bitcoin differs. Gold is a tangible asset while bitcoin is an intangible asset. Investing in gold and bitcoin is different. Though both can be traded, investors can decide which of the assets it wants to invest in @ a particular time based on opportunity available.

Though the current value of bitcoin far surpasses that of Gold, I think that Gold is the more better investment because of its history in the economic world before I think otherwise I would like to see how bitcoins fares when there is a global economic crunch.

[Passive Coin]

Bitcoin and Gold are both good investment options.
We need such good commodities as mentioned above to include them in our portfolio.
Diversification is the key in investing so, both BTC and Gold are needed in our private investment funds.

[francesyrus]

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 and Gold can't replace each other, they are both different. Bitcoin is a intangible in nature means you cannot touch it while Gold is a tangible thing means we can touch it. Even though both of them give us profit when we invest on them, but still they can't replace each other.

[Smith871]

yes i think it will replace gold as gold is used as a source of physical transaction but in case of bitcoins it is used worldwide as a  source of transaction also used for online trade so,we can predict that because of plurality of bitcoins it will replace the gold so,in the future we will have a standard and i think it will be bitcoin not a gold.

[Tungsten-1]

Bitcoin will not replace gold. Gold still valuable and people's demand of gold will not replaced.
Gold not only use as investment. Gold can use as jewelry, electronic components, etc.
So that is make gold always valuable.

It had replaced gold in all courts as In past gold was the main source to earn profit but now there is much profitable coin here which give more than an double of investment profit and on top of it gold is not that much promising and profiting as compare to this and the main reason behind the gold defame is its prices are now stable and just because of this new investor is not going toward gold all are coming to bitcoin.

[crustez00]

I think that will not happend. because in term of usage, gold it self have many usage. from as earth mineral that have very good prices to usage as material on medical term and much more. and its substance is quite rare too. that's only my opinion though 

[Criptolog90]

Are two different things, now with btc you can pay in many stores but gold you can only value it as a value in money or criptocurency.

[soul-impact]

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.

But gold is a real thing, it carries a high physical value because it is a precious metal. On the other hand, although bitcoin has a high value, it does not have any real value background, its value depends entirely on the market. That is the advantage and disadvantage of bitcoin.

[vampyren]

first bitcoin has to gain a much more stable price.
second it has to be adopted by a very large percentage of the world and be known by everyone.
finally gold has to become obsolete so that people want to look for an alternative!
(not necessarily in this order)

then bitcoin can become kind of a reference for measuring value.

Once Bitcoin marketcap reaches 1 trillion level it will have stable price. Just like gold it has to little market cap now and can easily be manipulated but its growing fast.
See how Gold market was back in the day, very volatile like BTC. People think gold has always been stable whic is not true.

[Mainman08]

How can bitcoin replace gold? Gold is a precious metal use for jewelries, decorations, wires and many more. Can bitcoin use for the things that i mention? No. Therefore bitcoin cannot replace gold.

[Zigzagkuy]

How can bitcoin replace gold? Gold is a precious metal use for jewelries, decorations, wires and many more. Can bitcoin use for the things that i mention? No. Therefore bitcoin cannot replace gold.

true, bitcoin can not replace gold. because bitcoin exists only in the world of cryptocurrency.

[Fatso123111]

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.

Yeah money only has value because we agreed to give it value. Same with most things.  That's why some people use their wealth to stock up on large amounts unperishable foods. Because those will always have value.

[Polar91]

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.

As you say so that gold is not a competitor for the parameter of bitcoin beneficial usage, there is no need for bitcoin to replace gold since gold has already existed and widely use to be the basis of the highest currency in the world. Maybe in terms of the highest rating currency, bitcoin can somewhat reach up the golds price and can gradually surpass it but it cannot merely replace gold since gold is a real one and the virtual world in any time can be abducted together with bitcoin but the presence of gold will stay the same.

[Wexnident]

In my opinion it is really impossible knowing that both are not related with each other or they are two different things. Also with the reason that Gold has a much stable market value than Bitcoin and it can be used on different countries. Bitcoin is not even recognized in some places. But even if it will become legal to most of the countries, Gold will still be a good investment for those who wants to invest but doesn't want to take that much risk. I hope you get what I am saying and pointing out.

[jonval21]

gold was used a long time ago for make payments, bitcoin is a tool designed to make payments.
so gold is an asset at this time is not a payment system.
bitcoin can be an asset and money at the same time.

[South Park]

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.

The scenario you are envisioning it is never going to happen, gold is never going to be simply another commodity, it was the best commodity to create a currency around it and it is still the best commodity for that despite the many years that have passes since people used gold for the first time as a currency.

[Paid Piper]

In my opinion it is really impossible knowing that both are not related with each other or they are two different things. Also with the reason that Gold has a much stable market value than Bitcoin and it can be used on different countries. Bitcoin is not even recognized in some places. But even if it will become legal to most of the countries, Gold will still be a good investment for those who wants to invest but doesn't want to take that much risk. I hope you get what I am saying and pointing out.

Yes that is right to say that both do no have any close relation with each other. In fact gold is assets and a precious element, which people use most for keeping their money safe. while bitcoin is a currency, which people are using it for online shopping. Even in some place people have the opportunities to use bitcoin in their local shops for shopping as the shopkeepers there also accept bitcoin for shopping.