Will bitcoin replace gold?

[vanjava]

Gold will not be replaced by bitcoin may just switch to bitcoin because the price is higher and very suitable for long-term and short-term investments and bitcoin many benefits.

[Marco Ambrusini]

i think no,bitcoin and gold have big differences gold is material thing that can use as accessories and it can be pawn,while bitcoin is a digital currency that can only use in digital system.

like you said.they are very different assets and belong to different platforms.Bitcoins may generate high ROI in a long term but the volatility of bitcoin is also a major hindrance for most potential investors hence it is also good you diversify by venturing into commodities like Gold as well.

[anzhanbei1214068]

I think bitcoin has surpassed gold.

Bitcoin is not just a monetary system; bitcoin is a programmable currency that can be distributed on a currency basis, or a smart contract.

Although bitcoin is highly volatile, you can avoid your losses in the long run and make more money.

[EmJay]

I don't think bitcoin will replace gold as these two are different. Gold is valuable and we can keep it as an investment too. While gold has stable value bitcoin is a cryptocurrency that may rise and fall but bitcoin can also rise to its peak and tripple its value in just a couple of days. But gold will remain as gold and bitcoin will remain as bitcoin.

[newbie-hero]

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

They cannot be ever compared. Why should we speak about virtual currency and about natural resources (gold, I mean here) as about something very similar? Bitcoin will never replace gold and vice versa.

[Victor$]

Replace gold is something that can not be said, we all know that gold is the longest investment and the choice of everyone so that gold is now # 1, all countries make gold as a measure of wealth so that replacing gold is impossible.

Yes i think bitcoin cannot replace gold in terms of physical appearance, while if we speak about gaining we can really maybe say that we can considered bitcoin as a good source of income and it can really be used by the different types of life no matter who we are as long as we can do bitcoin we  can really gain an extra income. While in gold if we don't have a big capital we cannot really own or invest gold.

Well it does not need to replace gold because gold is much different from bitcoin, why? Because gold is being use now just as jewelry but bitcoin is being use as currency it is being use as jobs and people are much more happy with bitcoin because it is being use as an asset to be rich in future, gold does not have any kind of future in front of bitcoin if you want to take it as an investment, it is new age and people like digital investment than physical investment for the sake of safety and fast grown of investment.

[nikola22]

there is no need to replace each other. these two assets can coexist and people will have an opportunity to choose what they like more or find more profitable.

[PrincessChe]

Think no. Glold has other function, such as jewelry and furniture. People do not use gold to make deal. Bitcoin may help the transcountry deal. first of all people must uderstand what is crypto

[turbanto]

stupid question how can bitcoin replace gold if bitcoin is air and gold you can hold in your hands

[barsilonka]

It's impossible. Bitcoin may disappear one day (doesn't matter earlier or later), Gold is ageless, it's a real touchable valuable product. Gold works for everyone - no matter unbanked or banked. That's why I think gold is always solicited.

[1jaffa1]

I don't think bitcoin will replace any kind of local money or gold. In the end, gold still a premium metal, a physical thing and it is a standard of material. Bitcoin can be seen as gold 2.0 in the internet and the price of bitcoin higher than gold in general. However, it is almost impossible gold can be replaced by bitcoin. Bitcoin is banned from many countries and i just hope in the future bitcoin can become popular and be accepted by government

[chrsjrcj]

If we talk about regulation, then the differences are striking. Gold is traded in organized financial markets, and bitcoin is on decentralized exchanges, which may have noticeably different prices for the world's most popular virtual coin. Recently, the US Securities and Exchange Commission expressed concern about the Crypto-currency, and investors have no such problems in gold.

[daduremi]

Gold is in class of its own and it is valuable. Bitcoin can not replace Gold  because Gold is physical can be touched and kept but Bitcoin is abstract. You have bitcoin but you can not feel it or see it but figure in your wallet. It is true 1 bitcoin may be higher in price compare to an ounce of Gold. but the two are in a different class of their own

[Ralphson]

i see gold totally different from bitcoin..apart from it worth,it is very useful in production of certain goods..btc is way different from gold hence cannot replace gold due to its usefulness in production.

[miyong]

Bitcoin is very popular,  it has its own value like gold but bitcoin will not replace gold because bitcoin is not a metal but a digital currency. They are very different.

[BenBitcoin77]

I think not, I think they will be together.

[hurry_hore]

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.

In short term, I do not think that bitcoin will replace gold specially for a measure of a value as the gold has been used by almost people. At the while, currently bitcoin still in debating to be accept by most of the government in the world.

[izzabel]

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.

No I think it can not replace gold because as of this moment and time many people are also working and keep believing for bitcoin it is more valuable for me rather that gold

[tiar4dewie]

Probably with no increase in the amount of bitcoin in circulation, this way bitcoin will equalize gold that is not renewable.

[Liternyy]

Not surprisingly, many investors in 2017 preferred to crypto-currency gold. We understand how the balance of their portfolios is changing today.

Since early 2017, crypto currencies have grown faster than any other asset class, and perhaps the past year has been a record for many investors. By the end of December, the aggregate market capitalization of all crypto-currencies increased from 17.7 to 613 billion dollars, that is, by more than 3300%.

At the head of this parade, as before, stands Bitcoin (Bitcoin). Although in 2017 there were currencies that grew faster, of course, it is one of the leading crypto-currency assets for the entire period of observation. Recall that almost eight years ago, he began to trade at $ 0.003 for a coin, and in December, up to $ 20,000 - a thousand invested in March 2010, today would have turned into billions!