Will bitcoin replace gold?

[ostrogoto2012]

A few days ago I read in a newspaper that many people are replacing gold  with bitcoins because more profitable over time, you never know ! bitcoin is better than gold i guess

[8Habits]

A few days ago I read in a newspaper that many people are replacing gold  with bitcoins because more profitable over time, you never know ! bitcoin is better than gold i guess

In this times,  bitcoin is really way better investment than gold because the former offers a potential fast return of investment and even opportunity to gain profits in a very fast manner as well. With gold, it is for a long term because its price movement is quite slow.

[fcklife]

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.

probably yes.
about the utopian situation, that is definitely true that it is based on what we agrees even it is a simple thing like rocks and papers but bitcoin is compatible for the present situation where we are in a highly advanced and computerized world

[lifetimebitcoins]

Bitcoin is 250 billion dollar market cap where is Gold is 8 Trillion dollar market cap so bitcoin need to gain lot of billion dollars should get added in bitcoin market cap to reach Gold market cap so it will take around 2 years to overcome gold

[Walrus1]

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

I think bitcoin will not replace gold and for me bitcoin and gold is really different on each other so for me we should stop comparing gold and bitcoin, and we all know that bitcoin is intangible and gold is tangible and for me gold is the past and i think bitcoin is we will be the present in this world.

They are not really that different, they may have different forms but both of them are a store of value and in that way we can compare it, as you may guess since we are in a bitcoin forum I prefer bitcoin over gold and the reason is simple gold is difficult to hide and move and it is easy to confiscate, and bitcoin is the opposite to that making it a superior store of value.

yes not much diffence, gold has been around for thousands of years and was one of the first currencies, Bitcoin had been around for nine years and people are still trying to figure it out, you can't make this shit up

[aryani]

Bitcoin never replaces gold, because the difference is very clear where gold has a physical form while bitcoin has no physical form, besides gold can be used as jewelry while bitcoin is not. Bitcoin is crypto currency which is an investment and has high selling value even for currently above the gold price.

[coin_maker]

Gold has been considered highly important for centuries and that is why I don’t really believe that Bitcoin will replace gold anytime soon.
In the future, maybe!

[Vibr56]

BOth of them are assets but work in entirely different ways. Bitcoin is volatile which really is a risky asset while GOld can be used to store wealth since its value has been established for thousands of generations.

[The Scorpion]

Guys stop with that kind of conspiracies, bitcoin is probably never going to replace gold because most governments and reserves are based on gold, and US dollar. So it will never happen, and maybe, it will be re-considered in some time, but not now..

[faadhilah]

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.

Yes, I agree the Bitcoin is not as you might think. True we liken the Bitcoin-like gold. But the advantages of the Bitcoin can create assets could also make transactions Online world. If the gold surely can't it.

[baybeelucas]

I don't think bitcoin will replace gold but I believe the price of bitcoin will be much higher than what gold can be. As you know the crypto market has been really hyped and prices are going wild wild west. But we have yet to see the full potential of bitcoin and there are much more to be improved on.

[Kulafu]

It is impossible for bitcoin to replace gold and vice versa. I think it is naive to think that it would even happen. If you're only basis for bitcoin to replace gold is its value or price then you clearly have the wrong idea here. Both bitcoin and gold has their own perks which the other does not have and if you understand this then that alone is more than enough to justify that one will not replace the other.

I agree replacing gold with btc is naive to think. Gold since the beginning of monetary/currency is already exist and never been replaced. Gold will remain as a barometer if wealth of a nation.

[lelecoeg]

The possibility of Bitcoin replacing gold is huge, considering the Bitcoin system is like gold. Look at the gold is very rare and the number is limited but the demand is quite a lot then no wonder the price is expensive. Likewise with Bitcoin, the currency is very limited but the demand from year to year continues to increase from various parties so the price soared rapidly. For me that makes Bitcoin not yet worth replacing gold is a one-way system, where if we wrongly send Bitcoin to an address we can not get it back. Worse can not be traced and can not be accounted for by anyone. In the near future I think Bitcoin can not replace gold.

[mornabo]

A few days ago I read in a newspaper that many people are replacing gold  with bitcoins because more profitable over time, you never know ! bitcoin is better than gold i guess

In this times,  bitcoin is really way better investment than gold because the former offers a potential fast return of investment and even opportunity to gain profits in a very fast manner as well. With gold, it is for a long term because its price movement is quite slow.

for some things bitcoin is better than gold, but on the other hand gold is also better than bitcoin, I think you can understand now, when bitcoin prices go down very quickly and if you sell your bitcoin now it means you do cutlose and maybe get a big loss, whereas if you invest in gold, of course you do not get any loss at this time, seeing the gold price is still stable, I think for the best commodity can not be determined because everyone has a different view, we can not mention bitcoin will replace gold i think

[jzone23]

Maybe for fast profit yes bitcoin could make more than what gold can bring but the fact is it can't replace gold. Gold will exist forever and that is sure even gold found in natural place where it is found already gone then it will just make produced gold before with higher value unlike btc that we don't know until when it can live.

[yohananaomi]

I see it may be different, because of the price has greatly differentiated it, the value of bitcoin is very unpredictable will be like what and the change is very different from gold, gold price is still not changed with the dratis and acceptable price difference.
so also if we will save, better gold of course.

[danpaz]

On a physical means no and never gonna happen but in terms of price, and volatility ( which is both good and not) Bitcoin will beat Gold,

[jackson2010]

Can not replace. Gold simply makes jewelry. BTC only buy jewelry or other things.

[Lintel]

No, bitcoin won't replace gold. Gold will keep existing because some people prefer physical things and it's beautiful. It's also more stable than bitcoin so some people like it more than bitcoin.

Probably not..gold is different from bitcoin who is a cryptocurrency.  Bitcoin helps us to earn extra money in which we can do it during our spare time whereas gold has a fixed value in which we can also make as an investment. Two different kinds of stuffs in which we can make a business out of this two but anyone of them can't replace each other.

[zorchy]

In my opinion, gold as a global resource, will never lose its positions, our gold is everything and we need to appreciate it.