Will bitcoin replace gold?

[Ozan9]

BTC can not raplace with gold because value of gold always increasing but bitcoin can be flactuated.

[rinamor]

Bitcoin can’t replace gold. Gold is the most precious metal in this world and bitcoin is only a digital currency that generated by some computers, but gold is mined and used as jewelry. Yes, bitcoin is extortionate than gold, but gold is much acceptable at the market and also to many people.

[mitchel_am]

Gold is stable at this point, bitcoin is not...but in few months it could become bigger than gold and people will consider it instead of gold

[tokexchain]

BTC was designed to be the gold standard, thus this is the only forward motion, and now there are no gold reserve's left, at least in the financial sector, Bitcoin can only act as the true decentralized 'gold' standard. Look back through Satoshi's notes for more insight...

[al8015737]

I think no. It may be just a competition of type of investment but it can not replace gold.

[Edsemen]

Never. They're very different anyway. People just say Bitcoin is digital gold because you mine it and it's a great storage of value. Gold, unlike Bitcoins, has inherent value. Gold has been here forever and it's going to stay that way.

Bitcoin would be digital currency and gold would be the know one of the most precious thing that this world has.
So if we compare this two, it's useless knowing that bitcoin can be higher value and it would be valuable for us but gold is gold like time its more precious. I can say that it can reach the value but it can't replace because gold is in there at everywhere we seeked in for.

[alyssa85]

Gold is trying to fight back:

http://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-invest-gold-replacement-cryptocurrency-precious-metal-wgc-world-council-digital-a8187546.html

Some financial experts and commentators have claimed that digital currencies like bitcoin could, like gold, become a safe investment in the future, but a new report from the World Gold Council argues that they are very different.

Gold is less volatile than cryptocurrencies, and its purpose as an investment is much clearer, the report claimed.

“In our view, bitcoin and cryptocurrencies more generally are not a substitute for gold,” it said.

“Gold is a tried and tested effective investment tool in portfolios. It has been a source of returns rivalling that of the stock market over various time horizons; it has performed well during periods of inflation; it has been a highly liquid, established market; and it has acted as an important portfolio diversifier, exemplifying negative correlation to the market during downturns.”

[philadey30]

asset is only valuable if other people are willing to trade it in return for goods, services, or other assets.

Gold is one of the most liquid assets in existence. You can convert it into cash on the spot, and its value is not bound by national borders. Gold is gold—anywhere you travel in the world, you can exchange gold for whatever the local currency is.

The same cannot be said about cryptocurrencies. While they’re being accepted in more and more places, broad, mainstream acceptance is still a long way off.
Nothing can replace gold.

[conected]

I do not think that would be possible, because the bitcoin market with gold is very different. bitcoin does not replace gold. Because gold has been received in many different countries with bitcoin which is only accepted in some countries

- Agreed that at present, bitcoin still can not replace gold, it's not even comparable to gold when the market actually still prefer gold than Bitcoin, gold is accepted everywhere but this does not mean that bitcoin has no potential. The reason for this problem, simply because gold is more popular, Bitcoin is still in the process of development, but this will change in the future when bitcoin becomes more common, people will be more focused on Bitcoin and Bitcoin will replace the position of gold, the potential of bitcoin goes beyond gold

[azizsatrasia68]

I think the bitcoin and gold will not replace each other. Bitcoin and gold are two different things.
Bitcoin is an investment instrument because of its fluctuating price. Uncertainty and price fluctuations Bitcoin becomes an interesting point for investors. Although Bitcoin prices may drop sharply, prices can also soar despite the trend every year Bitcoin has tended to be positive. No one can know for sure whether Bitcoin's performance will be more positive every year, or even dropped down someday. While gold is an investment choice if you want to retain the value of the asset. The value of gold is basically not down and will tend to be more valuable each year. This is because gold has limited or limited properties. The amount of gold in the world is scarce and not easy to dredge, making the value of gold remains valuable. Goods that can be obtained from the value of 1 gram of gold at this time will not be much different from what will be obtained in the future. Gold is seen as a good medium as a protector of wealth.

[AntonGrishko]

Gold is a financial and legit asset. Bitcoin is like and adventure when compared with gold. But I prefer btc, because its more profit than gold.

[rampage101]

Bitcoin gold will not replace, but it will be its excellent alternative. Although he already is. Gold is an investment that has been tested for centuries and still the fund of each country will be measured by the gold reserve.

[Glutius]

I very much trust bitcoin and in it I have almost all my funds, but still gold is much more reliable, although it does not grow so actively in price. It is tested by time, by centuries.

[tiktak89]

Bitcoin is very promising both as a crypto currency and as an investment. And now it is significantly ahead of gold, its price is growing much more dynamically. However, gold will always remain a classic, and for reliability people will invest in it too.

[Ethernel]

I do not think bitcoin replaced gold. Because gold and bitcoin are two different things. Gold is a real thing in life, they are beautiful and precious, made jewelry to serve people. Bitcoin is just virtual currency, I do not think gold and bitcoin are the same.

[bigbosma]

My parents insisted that part of my fund be in gold. In the beginning, I resisted, but eventually realized that it was reasonable. We can not be 100% confident in bitcoin, as compared to gold it is not stable. And gold will be relevant even if there is a global Internet shutdown.

[Firefox07]

Bitcoin will never, ever! Replace gold. Because this two are very different. Bitcoin can not be use offline and its value is so volatile and gold are more stable than bitcoin. And i think gold will remain in the market forever because it was recognized by all countries. Unlike bitcoin that is banned in some countries.

[bitvelk]

Full replacement of gold is unlikely to happen, since it has a very reliable reputation and there will remain many conservative people who prefer the ultra-modern bitcoin to old good gold. But no one forces us to choose one of the two, we may well use bitcoin as an alternative to investment.

[dxbcoin]

I dont think so either, but theoricaly isnt bitcoin the digital gold in this time? It is just intangible assest,

[ArnoldChippy]

Bitcoin gold will not replace, but it will be its excellent alternative. Although he already is. Gold is an investment that has been tested for centuries and still the fund of each country will be measured by the gold reserve.

If we talk about investment, they certainly bitcoin has already replaced gold, because bitcoin is providing more opportunities to people to make money from bitcoin investment as compare to gold which have a very stable price and we can only see a very slight change in the price of gold. but i think those people who use Gold for saving purposes only or for making jewelery then it has more importance and in such condition bitcoin cannot replace gold.