Will bitcoin replace gold?

[ashlyvash00]

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.

 I think bitcoin cant replace gold because gold is use by many people like accesories.They cant just throw it. Especially rich man they love gold.obviously bitcoin is better than gold even the price but not all know bitcoin

[1714730669]

1714730669

[1714730669]

1714730669

[1714730669]

1714730669

[1714730669]

1714730669

[1714730669]

1714730669

[1714730669]

1714730669

[STERLING98333]

You are surely getting this shit wrong..
Gold is some asset people like to invest on but Bitcoin is virtual it's just a crypto currency on which some people would not invest because of some security shit and also Bitcoin is banned in several countries due to this ..
Gold will never be replaced by bitcoin

[CowboyKiller]

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.

For me gold cannot be replaced by bitcoin. In the first place golds are mine from hard form rocks or inside the cave. While bitcoins are mined from virtual technology. Golds are verry precious, it is mold by hundred years while bitcoin is said to be a bubble.But when it cxomes to value, maybe bitcoin can rise as much as gold.

Why does Bitcoin called a bubble? Is by its value? You have to know the bubble price and the real price for the asset are set by the community. The Bitcoin and Gold price are also set by its community. Until the value dropped below much values in the future, these assets can be the bubble.

[weston4mills]

Gold is more stable at this time but I can tell that in few years bitcoin could be better than gold and it will replace it

[Babylon]

No. They have their own characteristics and personalities. They have their own pros and cons. But they both are good investments but Bitcoin have great potentials and these potentials aren't harnessed thoroughly so you should hop on and take risks.

[Ram krish]

In India (Tamil Nadu) it os not possible to replace gold by bitcoin. People like to invest gold only. They also think gold is a big status. They are not aware of cryptocurrency. In fiture it may possible.

[Lingesh]

It is possible in some countries. Also not possible in some countries. Those who give important for gold it is possible only after they know about bitcoin.

[JesusCryptos]

In the mind and in the wallets of someone it surely has already replaced gold. But generally speaking and long term there is no way it will replace gold ever IMO.

[ANGEL_VOISE]

seems not, gold is a object or a piece of jewelry that has a form and have a physical while bitcoin is a digital currency and there is no physical form. but both have in common, namely as a good investment for the future.

[l0uisStanley]

This could happen. Bitcoin could replace gold very soon if you ask me. Gold is the safest way for our money but not for long..

[laracastvue]

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.

There is a huge chance for bitcoins to replace gold since the value is keep on increasing in the market, if government will only allow cryptocurrency in their country then gold has already been replaced by bitcoins long ago since there are more people who are interested on cyrptocurrency more than gold.

[lillyann]

The political risk in the case of cryptocurrencies is difficult to estimate. In my opinion, very many types of risk hang on cryptocurrencies and some of them, sooner or later, will materialize. The only question is whether the benefits of using cryptocurrencies will be greater than threats. In my opinion, it is too early to answer this question with complete conviction.

[Marrionbitcoin]

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.

That will not happen because Bitcoin and Gold are way different.
Gold increases it's value but not drastically and it does not flactuate as well. Gold is also an investment that can sell base on current value. It can be used in many ways like making a ring or designing a stuff that can add value.
On the other hand, Bitcoin is a virtual currency that also increases it's value materially and also decreases so much that it really depends on the demands of million of people aroud  the world. Anyone can buy and sell Bitcoin so the price is flactuating in the market. Bitcoin can be used to pay our monthly bills thru online and trading in cryptocurrency world.
Both Bitcoin and Gold have so many differences so I think they are incomparable when it comes to usage but for the price value, Bitcoin can or already have exceeded the value as compared to Gold.

[matthewtherry]

Bitcoin is going to be so much more than gold. I don't know when but I can not wait to see this happening

[Iamdavid]

Bitcoin is generally gaining grounds but I don't or rather not convinced yet that it will outrun the value of gold...

[alizay]

I don't think that bitcoin will ever replace gold for the simple reason that gold is tangible, so more reliable by nature. Bitcoin can still vanish on an overnight (not likely to happen at all, but still possible! That's why not every person on this planet owns bitcoin yet). Gold will never disappear. However, depending on where people put their money (btc or other investments) , the value of gold can vary.  The more people invest outside of gold, the lower the value of gold is. Basic economics.

[Vektrum]

Bitcoin can not replace gold. These are different in nature, bitcoin from the virtual and digital world, and the gold of our gross material. Bitcoin, like gold, partially performs the function of storing value. It is in this they are similar, but otherwise completely different. Gold has been a measure of value and a repository of value for thousands of years already. His liquidity is higher, it is accepted for payment anywhere in the world, and bitcoin is only in some places so far.

[Ponzi Shame]

The gold market is huge compared to the bitcoin market. The gold is a good asset that we know it since thousands of years, maybe the price of the gold fluctuates with some tens of dollars on a year. The bitcoin market is at its beginnings, bitcoin is a new currency and not many people knows it. I have read some months ago, in this forum that bitcoin price was bigger than the gold price this year, and that its volatility was less than the gold volatility. This makes bitcoin a very good asset that could replace gold.

[haroldforgan]

Bitcoin is volatile    and the value of bitcoin is always changing very quick    so bitcoin cannot replace gold . because Gold is not made by humans and cannot be replicated and it's from natural resource and that's what makes it valuable     so it will not be replaced by bitcoin  will never happen that the bitcoin will replace as a gold

[Thymoty]

Bitcoin and Gold are 2 different things, Gold will not be replaced by Bitcoin and vice versa, Bitcoin does beat Gold price, but from function, Gold is still the best..