Will bitcoin replace gold?

[buharikx31]

In my opinion it can't replace gold, because gold is a physical material, which can be sold at stores which accept it. But in perspective it cant be that expensive, but people would prefer to hold money at paper money or gold

[marjon]

No, Gold and Bitcoin although they're both asset but have different in classification. Bitcoin belongs to crypto currency while Gold is a metal or commodity that has been already traded before internet invented and considered as precious things on earth. Also, Gold is backed with many assets than Bitcoin do.

[icecream sandwich]

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 they can surpass the gold for being the greatest investment for all time but they can never replace gold as a minerals because they are a natural made thing so they can never replace it because bitcoins are just an artificially made and the humans made it and they can always invent mycb more hugh tech than that it is just a phenomenal thing but the gold will remains for ever if there will be lack of gold in the future the gold will be expensive than bitcoins and besides bitcoins are falling.

[Jerald]

Bitcoin and gold are totally different from each other. There is no aspect that make them similar. Gold is a kind of metal that can be found on earth, not a digital thing just like bitcoin. So there is no reason that bitcoin will replace gold, only they are fighting on price in the market as both of them are competing to become top.

[alexey14]

NO.

[bitcoinjasensatom]

I think this topic had been tossed up as well as criticized many times by the members whenever bitcoin was compared to gold. Bitcoin is something valued upon its usage in virtual world, but gold had been there since ages and IMHO, nothing could replace gold because it holds majority of support as it's something very special as well as precious as a metal being available in the market in less quantity just like bitcoins. Bitcoin can be considered a shadow of gold but can't replace it.

I strongly agree with you that Bitcoin cannot replace gold it's simply because the advantage of gold over Bitcoin that gold has its physical object but the scarcity of Bitcoin is becoming increasingly attractive. In some research, specially in mellenials would prefer to own Bitcoin over gold.

[gesdan]

as i know that bitcoin and gold is totally different. how can the physic things is compared with bitcoin that doesn't have physical things. bitcoin and gold is different, gold have the price that stable the price just move slowly in a day or a week, and bitcoin is not stable price bitcoin, its mean that bitcoin is more risky than gold for invest. and bitcoin is good for trading because the price is always move

[finlandais]

No i don't think so because both have their own individuality and both are almost equally important. No doubt profit in bitcoin is more as compare to gold but it is risky. Gold is very trustworthy investement from many years and till  now bitcoin has not earned this level of trust as that of gold and moreover in bitcoin their is sudden rise and fall in the prices which are not in the case of gold .

[miang]

Gold has been on earth for a long time, if future generations believe that technology will last forever, then maybe future folks would see gold and crypto alike, based on their interpretation of the historical use of crypto . As for now, I think most people in hard times trust the creator of gold more than the creator of bitcoin & fiat lol

[Jhun030383]

It is surprising to consider that bitcoin can replace gold. More people will be more motivated and encouraged to invest in bitcoins. However, thinking about it in my own opinion, it would be a unlikely to happen. The reason is because the price of bitcoin has proven to be significantly more volatile than that of gold, as well as almost every other traditional asset.

[Pier7]

Bitcoin is not replacing gold, it's just another good investment. I believe bitcoin and gold is very different because gold is a physical asset while bitcoin is a virtual currency. Gold, apart from being used as currency, can be used from other things like jewelries and other devices.

[Roboabhishek]

gold and bitcoin is completely different from each other. If you want profit with less risk then investing in gold is best and if you want high profit with higher risk then investing in gold then bitcoin is best.

[beezunus]

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 can not replace gold because gold and bitcoin are different investments and each has its own enthusiast, everyone can be easy to get gold but not everyone knows and can access bitcoin, so I think bitcoin and gold are different and have his own community

[nguyenvanducvt35]

I think both will exist parallel

[VladG]

Are two different things, you can't compare bitcoin with gold. In my opinion bitcoin can't replace gold both of them have a real massive future

[rosalyn07]

I think bitcoin can not replace gold in several ways; as jewelry, a natural element, a precious metal found in the manufacturing process of many products worldwide and a purely physical store of perceived peer value.
However, Bitcoin (Blockchain) can replace gold and is doing so, in terms of a form a trade, just as government sanctioned currencies and credit cards did in the past.  It is the evolution of the ledger. This in its own right, has its own inherent value which gold can not compare, because you can instantly transport a bitcoin around the globe, across borders, where gold is incapable of such a feat.

[mininglegend1234]

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 can not replace gold because gold and bitcoin are different investments and each has its own enthusiast, everyone can be easy to get gold but not everyone knows and can access bitcoin, so I think bitcoin and gold are different and have his own community

I think we need to define whether Bitcoin is a currency, or an asset. If we consider it as a currency, then I don't think that it is ever going to replace gold. Because gold is not a currency. Even if we consider it as an asset, there is hardly any chance that it can give tough competition to gold. Because gold is a physical asset, while Bitcoin is a digital asset.

[pinoyden]

I think bitcoin can only replace gold in terms of investing and saving. Gold can not beat the bitcoin in terms of technology and privacy, but gold has advantages in terms of usefulness to store state assets in addition to paper money. Bitcoin and gold have their respective advantages and disadvantages.

Actually bitcoin has already defeated the gold , so in short  bitcoin already replaced the gold. you know and we all know how powerful bitcoin is , that is why gold cant posibly compete on him. all the people who have invested on gold are now selling thier gold and they are using those money in order to buy and invest on bitcoin because they know that bitcoin is more worth it than investing on a gold. sooner or later , gold will eventually forgotten by the public because all of the people are too much hooked on this bitcoin thing.

[Indah_twin]

although I do not know for sure gan bitcoin can replace gold or not.
but I always keep all the money I have by buying a bitcoin .why I say do not know because gold is a good shape at the same time we can use to decorate something that is valuable
 .if the bitcoin does not exist in the real world. but the result we can feel and enjoy in this real world .

[MAJICOIN]

As we see that bitcoin famous very rapidly and now the value of this currency is rising so i expect that those who are interested in the crypto they would give preference to the bitcoin and they will keep gold on second priority while the gold users and jewelry makers are interested in this physical asset so it is up to the person own ability that whether they will follow that way or the digital money like bitcoin and it is true that bitcoin will take an edge on the gold but the gold will still use.