Will bitcoin replace gold?

[moneyangel]

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.

Gold has been using as a measure of value in the traditional market which has more stable while bitcoin has been a measure of prices in cryptocurrency which has volatile in nature with a decentralized currency and a speculative price that has no actual identification.
We can't compare the two valuable assets as they have different categories to consider. I admit they are best in their field markets which more investors are after of them.

[biascoin]

I dont think so. In the end game Gold is still a precious metal and a beautiful thing in the eyes of a person. Bitcoin is a different story as it is a very good way to make transactions so as for the better currency the bitcoin would be best of two as for my opinion.

Definitively NO. Gold is a physical asset, Bitcoin is a bluff. And there are thousands of "blocks" in the "blockspace" asset that blockchain is. You can clone cryptocurrencies and create your bitcoin anytime.

[freshm4ker]

Bitcoin is virtual, can not be physically dared but has great value if you are a person who wants to invest in a safer way but takes a long time to get the results, I suggest you to invest in gold and the results are like bitcoin never replace gold in any sector. Both work in different ways.

[pou3197074235]

The gold I think is the gold reserve of the country. Obviously, bitcoin can't be a bracelet necklace, and the means by which individuals store wealth are highly correlated with national behavior. So the question is whether bitcoin could replace gold reserves.

I don't think bitcoin can replace gold reserves, but I think BTC is a very good currency to invest in.

[RudeeTam]

Each has their own properties that are accustomed to different people. Some like gold because it has some other uses other than as an investment like for ornaments and awards. It's also physical. Bitcoin is digital with better security and accessibility.

[S4roZa]

As a hedge against the fall of currency and other unexpected tragedies. Gold tends to match inflation over long periods of time.
Bitcoin, on the other hand, is a much harder giant to judge, or an infinite price. Given the extreme bitcoin shortages around the world and the value will be very high if BTC replaces gold and becomes the main supply of alternative money and issued by the government.

[sulec70]

Bitcoin simply can not replace gold. Bitcoin and gold are completely different in nature and perform several different functions. The similarity in them is only that both can perform the function of a means of payment and a function of a repository of value. Everything else in them is different, right up to the opposite. Growing recognition bitkoyna and investing in it a billion dollars, of course, will affect the price of gold, forcing gold to fall in price. However, bitkoyn can not perform all the functions of gold and therefore bitkoyn and gold will continue to walk at the same time with each other for a long time.

[Ebihsu]

I don't think if Bitcoin can replace gold because it has different characteristics. Gold is some jewelry metal so it is a high value thats why its important, and bitcoin is one of the most expensive and traded cryptocurrency. For me these two has diffirent so no can't be replaced.

[angelaurum]

Well gold is something that is very hard to replace and it is very valuable
while bitcoin can die because of Quantum computing

if quantum computing gets public
many people will try to mine bitcoin address or mine bitcoin itself

it will make GPU mining obsolete and bitcoin will go down with it
quantum computers will solve blockchain's security encryption and it will
may impose a threat

probability of colliding on existing address would be possible in the future because of it

[Fairy_90]

Both gold and bitcoin are valuable and lucrative, they can invest, but gold is a tangible, visible, graspable entity, and bitcoin is a code sequence on the internet, it is more complex. , can not see, want to invest in Bitcoin you must have knowledge of it, you have to learn many things on the internet. Moreover, gold has been stored for hundreds of years, and bitcoin can die at any time, so I think bitcoin can not replace gold.

[Romanlevi6886]

I dont think so. In the end game Gold is still a precious metal and a beautiful thing in the eyes of a person. Bitcoin is a different story as it is a very good way to make transactions so as for the better currency the bitcoin would be best of two as for my opinion.

Agree. Maybe for now bitcoin is a powerful currency when having lots of advantages than gold. But that doesn't mean gold lost its value. And no one can predict about bitcoin's future, so haw can we know if it exist one day.

[glaciercapital]

I dont think so. In the end game Gold is still a precious metal and a beautiful thing in the eyes of a person. Bitcoin is a different story as it is a very good way to make transactions so as for the better currency the bitcoin would be best of two as for my opinion.

Agree. Maybe for now bitcoin is a powerful currency when having lots of advantages than gold. But that doesn't mean gold lost its value. And no one can predict about bitcoin's future, so haw can we know if it exist one day.

I think for a long time bitcoin will begin to cannibalise the gold market, but the two will coexist. There are a number of older investors that will always want to hold traditional gold in their portfolio, but some of the younger investors will prefer bitcoin.

[Moneypham5]

bitcoin can not replace gold as a traditional investment property for hundreds of years, easy, simple. Bitcoin is a series of algorithms on the network that can not be seen, and it only appears here, it is unknown how long it will last.

[b1k4ng]

bitcoin and gold have different sides. bitcoin is virtual and gold is real. bitcoin has a good rate of risk investing. and gold is a safe but very slow investment

[gaurav82]

I think bitcoin will never replace gold. Gold assume is good property from long ago times. It has value every time and people has good faith on it. It is easy to convert gold to other thing anywhere. Bitcoin is new and not legal at some countries. So it is hard to replace.
On other way you have gold then i not suggest to convert it into bitcoin. But if you have money and thinking for invest in gold then i want to say that there is not good growth in gold price at present level and bitcoin is good source of investment and it will give you good profit.

[yana0901]

bitcoin can turn into a kind of gold reserve of a new model, on the basis of which another currency will be created. After all, already bitcoin as a backup link ahead of all positions and the dollar and gold.

[PhucS]

bitcoin and gold have different sides. bitcoin is virtual and gold is real. bitcoin has a good rate of risk investing. and gold is a safe but very slow investment

Yes, that's right. Bitcoins and gold are two different forms of investment, all of which have different characteristics. As you said, Bitcoin has a good investment rate, which can give you a lot of profit. Although it is risky when its stability is very low, but there are still a lot of people choosing Bitcoin over gold. However, gold is still a good choice for those who prefer low-profit investment but are highly stable.

[bryant.coleman]

In order to replace gold, Bitcoin needs to have the same properties as that of gold. It should be a safe asset to store the wealth. But I don't think that it is ever going to happen, as the exchange rates are highly volatile.

[Rampagoe004]

very unlikely because gold is a precious metal that has always been beautiful in the eyes of everybody, bitcoin is just a vitality tool that we can use in the online world only, so bitcoin is also very suitable for our current investment i I think both are good

[Konco126]

In my opinion, basically bitcoin will not be able to replace the gold position. Because gold prices are more stable and many people use gold rather than bitcoin. It's currently a bitcoin start many people who join and invest in it. With bitcoin investing makes a lot of people get enough profit by utilizing the increase and decrease in volatile bitcoin prices.