Will bitcoin replace gold?

[Helen.m]

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.

 is unreal. Gold is very important in our life and I'm not sure that Bitcoin is forever too

[Chainblock]

It's unlikely to replace gold as this would require Bitcoin becoming mainstream and the government backing their fiat currency by Bitcoin or completely embracing Bitcoin.

[grinvd410]

I think Bitcoin never replase gold. But absolutely true that it will be (actually its hapening right now) some analog of gold to  moders economics.

[TheRealMrQ]

Unfortunately not in our lifetime. We have to concider older people and their believes. It is a cultural, cosmetic and aswell a fundimental change in thought, processing and acceptance.

[Lmaooo]

Yes, i believe so in time like the next 100 years in the future when bitcoin price fully stabilized since bitcoin is also a store of value like gold but only better because bitcoin value grow faster than gold.

[randal9]

looking what to mean by the word "replace"...I think that bitcoin has already replaced gold in the issue of the number of interested...in the issue of reliability - gold certainly wins...but maybe it's not for long

[iyamoxjhian]

I think Gold is gold and Bitcoin is bitcoin. Gold is as good as a material thing that you can collect and treasure like for display purposes and for keepings. But Bitcoin for me is bitcoin like an income generation for profits and sources of incomes as its market value is way different to other real currencies. Bitcoin is unremarkable as it continuously helps the income generation. Although bitcoin is a digital currency, it's value is way higher to compare to normal currency. But I would love to collect golds while earning in bitcoin and doing it as my hobbies and past time.

[bitcoinveda]

Gold is 8 Trillion dollar market but Bitcoin is 300 Billion dollar market cap but in next 3 years bitcoin market will be 10 trillion dollars then bitcoin will replace gold

[fistteam]

Gold is a precious metal. It has many benefits, and it lasted a long time. It has aesthetic value. So, I think bitcoin can not replace gold.

[ZaynDale]

Bitcoin can never replace gold nor gold can replace bitcoin. They are not alike. Both have different purpose. It's price also depend on different aspects. Originally, bitcoin was not made to make us rich, it was made to make transactions quicker and many more. While gold for me is just a thing use to decorate human bodies as jewelries or should say for display only as decoration to some houses. I mean, what is gold really is for?

[ZaynDale]

I think Gold is gold and Bitcoin is bitcoin. Gold is as good as a material thing that you can collect and treasure like for display purposes and for keepings. But Bitcoin for me is bitcoin like an income generation for profits and sources of incomes as its market value is way different to other real currencies. Bitcoin is unremarkable as it continuously helps the income generation. Although bitcoin is a digital currency, it's value is way higher to compare to normal currency. But I would love to collect golds while earning in bitcoin and doing it as my hobbies and past time.

I agree, the differ in so many aspects. Gold is tangible while Bitcoin is not. Bitcoin is for transaction purposes which later on become means to accumulate money through mining and many more. Bitcoin' s price depends on the demand over the supply. While gold depend mostly on its wheight or how it looks, sometimes depending who made it into something, sometime depending which country it came from.

[bocahrawalo1996]

Gold and bitcoin are two excellent investment tools right now. Gold is in great demand by everyone. Gold is the most expensive metal among the others. The price is very stable stable. So is bitcoin today many people who want to invest using bitcoin because it is very high price. So if we invest in these two types I think this is the right decision.

[JTEN18]

Gold and bitcoin are two excellent investment tools right now. Gold is in great demand by everyone. Gold is the most expensive metal among the others. The price is very stable stable. So is bitcoin today many people who want to invest using bitcoin because it is very high price. So if we invest in these two types I think this is the right decision.

Just what people are saying, they are both profitable and for me there is nothing wrong if we will invest in both of them and add investing in Oil since it was the top ways to earn when it comes to investing, but when referring to replacing gold I think for now it was already replaced since bitcoin price really pumps high and it was a history.

[Liquidathor22]

There is no way that bitcoin will replace the value of gold or vice versa. Gold and Bitcoin is on different field, thus there is no way they can replace each other.

[Ngewex Yuk]

To replace gold would need something extraordinary, if all countries legalize bitcoin then I'm sure bitcoin soon replace gold, but unfortunately it has not happened and gold is still number # 1.

[JhonWong]

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.

 is unreal. Gold is very important in our life and I'm not sure that Bitcoin is forever too

You are right!
Gold can be made into jewelry for wearing. Does anyone wear a smart device to show you how many bitcoins he / she currently has?
I can not imagine.

[crisnel26]

Those two are completely different things: Bitcoin is a kind of investment where the value changes quickly within a day and generates profit quicker, while gold is a long term investment where its value appreciates every year and does not depreciate quickly.

[haster100]

Could be, because btc the longer its price continues to increase, while the price of gold msih spelled stagnant, even if there is no significant price increase like BTC

[Haxor321]

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.

In my opinion the bitcoin could really increase it price in the coming years up to 100000$ in my prediction i guess it will continue to increase its price in the market even if it is staying in one place most of the time but as what we are experience the bitcoin is staying in a price and continue to achieved more higher price in the market than before so i guess it could be more expensive than a gold but i guess it could never replace gold but it could replace gold virtually but gold is a thing and obviously we can touch it and it is a natural resources.

[8Habits]

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.

In my opinion the bitcoin could really increase it price in the coming years up to 100000$ in my prediction i guess it will continue to increase its price in the market even if it is staying in one place most of the time but as what we are experience the bitcoin is staying in a price and continue to achieved more higher price in the market than before so i guess it could be more expensive than a gold but i guess it could never replace gold but it could replace gold virtually but gold is a thing and obviously we can touch it and it is a natural resources.

Bitcoin has really high potential of increasing its price in the coming days, months, or years, unlike gold where it takes some time to increase its value. Gold is more on long-term investment while bitcoin can be both short and long-term investment.