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Author Topic: Will bitcoin replace gold?  (Read 15506 times)
kil5478
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March 04, 2018, 10:12:39 PM
 #1701

There is no point in even comparing these two financial assets.
Only those who want to save their money from inflation invest in gold.
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reynilynedago
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March 04, 2018, 10:29:56 PM
 #1702

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 doubt any product would replace gold in the market. As we all know for the thousands of years thst gold has been in on the market no other product,  though popular and higher in monetary value, could compete to the stability of gold in its throne. I could only say that bitcoin would be a good alternative investment than gold but in truth we do not really replace gold in the market, we only find alternatives that would offer us a higher profit.
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March 04, 2018, 10:32:41 PM
 #1703

Nope,bitcoin and gold is very different, bitcoin cant  take over gold because it's digital currency

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March 04, 2018, 10:37:32 PM
 #1704

no need to replace the existence of gold
BTC can be used side by side with gold
someone who wants to feel safe for his investment, they can keep gold in the bank
while someone who dared to take risks, they can set aside some money for BTC
Jaya912
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March 04, 2018, 10:47:29 PM
 #1705

No
It's not posible.Because bitcoin price is so high all of things.There is nothing valueable in the world Like Bitcoin.Bitcoin price like a rollar coster.It can move anytime.But gold has a fixed price .Gold price can't hitt this kind of value anytime.So bitcoin can't replace in gold,thank you.

who said only bitcoin has price which is not fix price? i think this is wrong.
as i know, gold also does not have fix price because the price always change. i know the change is not high volatile like bitcoin and also the change mostly uptrend but its still call not fix price. thats what i think
Colmegs
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March 05, 2018, 12:27:36 AM
 #1706

Bitcoin can not substitute gold for the basic reason of gold is a physical component that is utilized for a wide range of utilization and extensions. Bitcoin is only a virtual cash that is esteemed relying upon the amount of the group to put resources into it and that is it. Not at all like gold, gold is connected as a convertable to cash as well as is utilized for hardware, restorative, mold, and so forth. The value varies and starting today bitcoin has more noteworthy incentive than gold yet it can be changed relying upon the group venture on bitcoin.
monchi
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March 05, 2018, 12:56:43 AM
 #1707

At least gold is a material that we can hold unlike bitcoin that is only in digital ways.
Gold is very popular item because it symbolizes wealth, fortune, and luxury. We often see gold in that way. It began from our culture, some cultures really see gold as an item used for gifts.
It users gain class when wearing gold.
Bitcoin however since it is a digital currency(another realm) we cannot compare their true value. We can only compare them in terms of price. Though bitcoin is much expensive than gold it doesn't mean it will replace gold.
chrsjrcj
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March 05, 2018, 01:07:36 AM
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 #1708

I'm sure that digital money, like Bitcoin, will even become an alternative to gold. In my opinion, this is a change in the game, increasing the legitimacy of Bitcoin and, apparently, accelerating the replacement of gold by investors.
edwardnortonn
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March 05, 2018, 01:25:10 AM
 #1709

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.

If people stop viewing BTC as a get rich quick route then it may replace gold. Most people get into BTC for its high returns and nothing more, some don't even understand how it works. the value of Gold is consistent and stable while BTC is very unstable. For a dependable store of value, Gold is still the better option, but if approach to BTC is changed then it can replace Gold.
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March 05, 2018, 02:25:59 AM
 #1710

there is still possible that bitcoin will replace gold if the whole world are using bitcoin.
but now, there are many peoples who doesn't know about bitcoin.

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Blakekeke10
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March 05, 2018, 02:32:47 AM
 #1711

I say yes our money will be replace by bitcoin if our government will agree  bitcoin replace to our money.Gold is not just a metal dug out to be sold, it is also not just a jewelry. It is a scarce and precious metal used in different industries.
nbjh
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March 05, 2018, 03:15:06 AM
 #1712

yes, that's because the price of bitcoin is still worth the price of gold because it's gold year this year before its price rises or decreases so slowly as unlike bitcoin time hours the price can rise and can also drop so fast The more so people prefer bitcoin investing than gold investing.

The profit from Bitcoin make the investor from Gold market pay attention into the cryptocurrency market. First, the normal investor will choose Bitcoin for investment, but after a short time invested, I am sure those traders will become the cryptocurrency trader, not only Bitcoin for trading, because the profit from Altcoin is more interesting than Bitcoin.

Bitcoin has exploded in the past year, and backers of digital money see it as "digital gold." I think the "storage value" of digital currencies is like many precious metals themselves, and does not require much practical value.
sampoer23
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March 05, 2018, 03:33:46 AM
 #1713

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.
generally between gold and bitcoin is a tool of Exchange that distinguishes his form.
the use of the bitcoin can basically globally and quick, can be used all around the world that support the bitcoin.
According to my bitcoin can substitute for gold in the future
khemajayo
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March 05, 2018, 03:37:14 AM
 #1714

Bitcoin and gold are two different valuable assets and both are having their own trading market, I don't see any reason in bitcoin replacing gold in the future because there are still investors who prefers in trading gold instead of bitcoin and vice-versa, there is also the group of investors who prefers to trade bitcoin instead of gold.

I also think that they are both good for investing. Between them, there simply can not be competition as bitcoin digital, and gold is in the physical world.
Df9898
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March 05, 2018, 03:41:15 AM
 #1715

I think not because it's keep bitcoin money online and cash keep cash and both should exist because it is important and influential to economics around the world if there's only a bitcoin banknote feeding is reduced and those that are difficult or not understand technology will trouble and if cash replaces the existing value of bitcoin money all over the world and it will weigh the developed countries that have a high value of the currency.
pthnmj
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March 05, 2018, 05:16:16 AM
 #1716

I guess not. Gold and bitcoin are two different things. To investment, gold serves another purpose that bitcoin can never support. That of consumption. Gold is required for ornamental as well as industrial purpose. There are huge applications of gold in space crafts, machines, even in day to day electronic products like cell phones. Bitcoin can never replace gold here at the least.
Isaacck
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March 08, 2018, 11:59:09 AM
 #1717

It is impossible for bitcoin to supplant gold and the other way around. I think it is gullible to believe that it would even happen. In case you're reason for bitcoin to supplant gold is its esteem or value then you unmistakably have the wrong thought here. Both bitcoin and gold has their own advantages which alternate does not have and in the event that you comprehend this then that by itself is all that could possibly be needed to legitimize that one won't supplant the other.
twicezeroiszero
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March 09, 2018, 04:33:51 PM
 #1718

I guess not. Gold and bitcoin are two different things. To investment, gold serves another purpose that bitcoin can never support. That of consumption. Gold is required for ornamental as well as industrial purpose. There are huge applications of gold in space crafts, machines, even in day to day electronic products like cell phones. Bitcoin can never replace gold here at the least.
Yes, Gold can apply to using in many fields while Bitcoin does not have any field to apply at current.
However, do you think in the future bitcoin can not do that? I do not think so.
Bitcoin technology can solve any problem about the trust on the world.
It is the biggest problem about diplomacy between the parties

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bajingluncat
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March 09, 2018, 05:03:25 PM
 #1719

gold And bitcoin two different things, gold anyone can invest with it And more real while bitcoin only for limited circles only, if bitcoin to be gold substitute I think ga maybe but If for other alternative in investment areald and bitcoin are two different things
Joylee
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March 09, 2018, 05:04:48 PM
 #1720

It's unlikely to replace gold as this would require Bitcoin becoming mainstream and the government backing their fiat currency by Bitcoin or completely embracing Bitcoin.
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