Will bitcoin replace gold?

[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.

[yashjaat]

The huge spike in gold prices started right around the time when the Bretton Woods agreement collapsed in 1971 and U.S. paper dollars couldn’t be converted to gold anymore. A clear sign of the decline in the dollar’s purchasing power since the move into a pure fiat money system.

It’s clear that cryptocurrencies partially fit the definition of fiat money. They may not be legal tender yet, but they’re also not backed by any sort of physical commodity. And while total supply is artificially constrained, that constraint is just... well, artificial.

[Enjorlas]

No because gold will always have the advantage to be a physical value, unlike bitcoin

[Jhaypril05]

I don't think so, because gold already exist before bitcoin. Gold is just a metal but with big value, justlike bitcoin but bitcoin is a digital money and we can't hold it literally in our hands like gold but it has a value.

[geegaw]

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.

I think no need for legalization, bitcoin is still gradually replacing gold, this is being proved very strong when many people are beginning to pay attention and be prepared to invest in Bitcoin, they eliminate the past investment that is gold to focus on the newer stuff, that is bitcoin. Gold is only suitable for the old society, it is no longer suitable for the new society because the management of the government, investment in gold has not brought too much profit, time and money poured into gold is too wasteful, pouring into bitcoin will be more profitable, people will soon realize and choose Bitcoin, gold will lose its position

[jackolinyoko]

It can replace gold in price but not in its use,because gold is physical thing and cryptocurrencies are digital which you cant really touch,does it make sense?

[luigidosado]

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.

You can compare the value of bitcoin and gold, and yes, you can say that it has a higher value and faster increase in its price, and yes you can already make a conclusion that bitcoin is better than gold. BUT, you cannot probably compare the two for which they have different kind of market. Bitcoin is an online thing while gold is a physical object though they both have a great value. They cannot replace each other for they are far different from each other.

[captin crunch]

I don't think so. Gold and Bitcoin are different things, bitcoin will most likely replace money and it will be possible to by gold with BTC.

[mozartopfer]

I don't think so as long as you can produce many other crypto currencies. Moreover, they are just a programmed thing, algorithm when gold is natural thing that can be seen and touched.

[12tribes]

Yes and no. yes because the standard to refer to great cash as the bitcoin price rises becomes easier to do so. However, because Gold is a precious metal, It is a physical reference to the fiat currency holders who don't believe yet in the digital currency.

[weblaraveluser]

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 cannot really replace gold, Golds value are stable and it was really hard to mine gold literally. The reason why bitcoins cannot replace gold is because, They are different currency and it happens that bitcoins is more popular than gold that's why there are more people who are investing on bitcoins. Maybe in the future everyone will just prefer using bitcoins because it is more profitable and easy to obtain rather than gold.

[Rascar Capac]

We can only compare this two on the basis of there price but can't come to a conclusion that bitcoin will replace gold. They are incomparable in every other field. Gold is one of the most precious metal of the universe and it will exist forever. Whereas bitcoin is a virtual currency.

[Raisul Islam]

No
I think no.bitcoin never replace into anything.Because bitcoin is a online cryptocurrency and gold is a mattel things.bitcoin you can use in only internet .If you want to use it to in local your necessary you have to convert into your local currency.So in my opinion bitcoin can't replace into gold.thank you.

[missmarvel]

it wont be replacing gold with $40 transaction fees any time soon

[bennysax]

Possibly yes because cryptocurrency most especially bitcoin has become more prominent and more valuable in this generation. The possibility is very high.

[giogio0504]

No it will not, different values cannot replace each other. Though Bitcoin might become as valuable as gold.

[maynguyen]

I think that will never happen. bitcoin makes a profit but its price is unstable, it's not popular. Gold has aesthetic value, price is stable and it is popular all over the world.