Will bitcoin replace gold?

[Zrs]

gold and bitcoin are two different thing.one is tangible and another one is intangible.gold is a precious metal while bitcoin is a digital currency.so bitcoin will run in its own and vise versa.

[Zaarin]

I think bitcoin will conquer high volume in the trade of gold but, to be honest don't think that it will actually replace the gold in any way market is not just limited to the digital trades but there is colossal offline demand too which affects the price of it subsequent to the verify of demand and supply. however , once its comes to trading i think bitcoin is bigger than gold at this stage because volatility in the price provides moro opportunities for the traders as compared to the secret behavior.

[acell101]

Maybe it will because bitcoin is known for its safety so maybe people will go investing in bitcoin rather than in gold. Bitcoin is an experimental currency that allowed people to anonymously move money around the internet while gold has some inherent value. Even though most of its value is symbolic, the precious, non-corrosive metal can still be used to make jewelry, conduct electricity or cap teeth. The traditional trend is that investors turn to gold during economic slumps. However, with Bitcoin becoming increasing popular many economists are starting to believe that the cryptocurrency could replace gold as a safe haven.

[poetra2501]

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.

Yeah I agree with you that Bitcoin can't replace gold. Gold is acceptable all over the world. However, Bitcoin is still under development. Gold can be used in various fields and gold is scarce. So I think Bitcoin can't replace gold.

[dylanc]

I don't think bitcoin will replace gold. They are two different things. Gold has its own place in the world and is used in many different applications. It is probably seen as a more stable alternative than cryptocurrency.

[Gaff]

gold and bitcoin are two different thing.one is tangible and another one is intangible.gold is a precious metal while bitcoin is a digital currency.so bitcoin will run in its own and vise versa.

Well i agree on that bitcoin cannot really replace  gold because they are really different gold is a precious matter while bitcoin is a precious digital currency they are really  different in appearance but they are really almlst the same in value they are teally valuaeble.But i believe that bitcoin is more amazing than gold because its price is unstable and bitcoin really gives us an opportunity.

[jacob161]

If for gold, I think that's impossible. Since gold is tangible and used in jewelry, will bitcoin be used for jewelry? Bitcoin in technology. The world financial system is large enough to accommodate the expansion of both bitcoin and gold with one not running into loss because of the other.

[danie161]

Bitcoin has already surpassed the price of gold much earlier and it is also attracting more gold investors nowadays.But still,bitcoin could not replace gold. I don't think bitcoin replace gold because gold is a not only a asset but also used by women in there daily life.

[Ada567]

In fact, I think gold and bitcoin are two concepts, gold is a cash nature, and bitcoin is a digital currency, there is no alternative between the two.

[SkustaClee]

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.

Many people are now prefer to make investment in bitcoin than in gold because bitcoin is more profitable than gold. The capitalization of the bitcoin will go up because I know that  many more investors that will buy bitcoins.

[pat231]

Gold and bitcoin are two different aspects, bitcoin is just for trading but gold in many parts of the world is a one-time investment, and jewelry to show off, it's trading is also done but it has other uses too which connects normal people. The prices of gold drops in the season in which marriages do not occur much and so it cannot replace gold with bitcoin. Bitcoin is just a trading gadget which changes its prices as per its demand-supply irrespective of any season.

[jacob161]

Bitcoin has already surpassed the price of gold much earlier and it is also attracting more gold investors nowadays.But still,bitcoin could not replace gold.I don't think bitcoin replace gold because gold is a not only a asset but also used by women in there daily life.

[Cryptalking]

Gold is soooooo 1990's 

[Tungsten-1]

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

IMO if the bitcoin gets stable at some point, even then it will not be able to change or replace the gold from the market. Yes, there is very bright possibility that the bitcoin will become another royal thing or precious entity of the market but replacing any physical thing will not be possible for the bitcoin. Presently bitcoin is around $8 to 9k, which is costlier than gold but still people do not compare gold with bitcoin.

[giletto]

Maybe it will because bitcoin is known for its safety so maybe people will go investing in bitcoin rather than in gold. Bitcoin is an experimental currency that allowed people to anonymously move money around the internet while gold has some inherent value. Even though most of its value is symbolic, the precious, non-corrosive metal can still be used to make jewelry, conduct electricity or cap teeth. The traditional trend is that investors turn to gold during economic slumps. However, with Bitcoin becoming increasing popular many economists are starting to believe that the cryptocurrency could replace gold as a safe haven.

Someday in the future and it will happen very soon. Bitcoin has an easy way to transact, an easy way to be rich and a cheap price that suitable for everyone to buy. That's why many people has chosen Bitcoin to invest than Gold. Gold has an limit, we can use it forever but Bitcoin can and I believe that Bitcoin will survive for a long time.

[legok]

I hope the possibility can happen, but all may not run easy ,, can only hope big..the unlikely will be possible for bitcoin

[Coko4life]

Bitcoin and Gold are currencies, in essence itssomething that is used as money, which can be spent or saved .. As such, the idea of one replacing the other becomes difficult, as it boils down to the parties involved to choose the the currency they would Lyk to run their transaction in... All currencies are relevant and each will apply to a particular part of society

[pri3oner]

In depends on what case do u mention by "replacing" cos it's two different things right now. In the future anyway btc wont replace gold cos they both are different kinds of value.

[andylowe]

I don't think bitcoin will replace gold. They are two different things. Gold has its own place in the world and is used in many different applications. It is probably seen as a more stable alternative than cryptocurrency.

I disagree on you. Why? because bitcoin can be replace gold. How? The way people choose on where to use, either bitcoin or gold and right now bitcoin becoming more popular because it is useful to many people. It can replace gold because as we can see, gold price will just remain but bitcoin price will keeps on increasing day by day. Bitcoin is such a great job that can give to an unemployed person but gold? It is really hard to find.

[Zarbout]

I don't think so. Gold price is very stable compared to Bitcoin. In addition Gold have many important uses in real life and new tech components.
So no place to compare between Bitcoin and Gold.