Will bitcoin replace gold?

[Legwist]

I'm pretty sure that Bitcoin won't replace gold. Gold is a precious metal n bitcoin is a currency which are different. Bitcoin and gold are in a different category; they can’t replace each other. They have different uses in this economy.

[rajkr]

Definitely it will replace gold.Gold is used an assets all over the world.when people will se potential in BTC then they will consider BTC as global assets.

[Pejoh Asu]

Bitcoin and gold are two different types of investments, both of which can not be equated, because equating gold and bitcoin is like equating coffee and tea, and of course tea can never replace coffee, and vice versa.

[stephanirain]

I am not sure, but i think no because for now bitcoin price dumps real bad that is why there are low chances that bitcoin can replace gold. Maybe in the near future the price of bitcoin will pumps or raise back to its price for it to replace gold and other currencies in the world.

[rh72]

Many bitcoin characteristics are like gold characteristics. But, everyone more knows about gold than bitcoin. If we wanna look handsome and beautiful, using gold not bitcoin.

[gezhid008]

BTC over the past few years, for three consecutive times in gold prices, after the effective breakthrough early last year, out of the price of gold, and open the floodgates, the highest close to $20000 has been up to the end of last year. Bitcoin has been likened by many investors to electronic gold.

[cryptojohnstone]

Due to blockchain technology, anything can become digital and become an asset. Bitcoin will become a digital gold in the future.

[wareen]

Bitcoin is good for the future and in the present time also because the gold is physical commodity and people believe that bitcoin is virtual currency so it is possible that any time this currency can be eliminated from the earth but the educated people love to use bitcoin and the bitcoin community is rising day by day so this is expected that it will grow more in the near future.

The value of Bitcoin can not increase if the investor easy to become panic like now. Look at the market, how many people still be calm with the current value of cryptocurrency? I do not ask the people have experience in this market. Almost the new trader, included my friends, family are worry the value of Bitcoin become "worthless".

[19nataliya12]

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!

In addition, bitcoin became known as the first traded crypto currency, and it is most widely distributed as a means of payment. It is to him that we are obliged to popularize the technology of blockade.

Bitcoin has risen in price against the background of the fall of the dollar, which is now very cheap relative to other world currencies. The weak dollar is probably like Trump as it increases the competitiveness of American industry, but it provides monetary savings, so investors are not very happy. Before, when the dollar fell, they, trying to secure themselves, bought gold, but recently for many its place was occupied by bitcoin.

Why exactly bitcoin? The fact is that the limiting number of bitcoins is limited to 21 million coins, that is, it is the final resource, like gold. And given the 1300-percent growth last year, it was not difficult to convince investors to keep money in bitcoin, and not in gold.

[Suffoc8]

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 dont let us compare the two thing which is gold and bitcoin to each other, because first of all this two thing is different to each other and also they have uniqueness to each other like gold is tangible and usually use to make accessories and any other things and bitcoin usually used online, so there is no reason to compare this two.

[rizqillah]

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 dont think so. many people prefer gold to investing because it is stable and not volatily. and phisycal is one of thing why people like gold. so its a long way if bitcoin can replace it.

[Sumo]

I never compare gold and bitcoin because it's two completely different things. Gold is metal, it's real, you can touch it. And bitcoin exists only on the computer screen. Feel the difference?

[Froloff92]

Bitcoin will never replace gold because there are some factors that they are different. Gold is also a good investment because it has proven that as the time pass by, its value will increase while bitcoin also has the potential to increase its value all of a sudden.

[drukoz2]

Gold is a proven investment for centuries, so it is unlikely that bitcoin will be able to replace it but they may well exist in parallel.

[kasianov77]

My opinion is that it is not good idea to compare gold and bitcoin because it's two completely different things. Gold is metal, it's real, you can touch it. And bitcoin is something more, it more about phylosophy. It is movement, not a treasure at all.

[Vart4varta]

You can hear that bitcoin and gold are similar, because they are both finite - mined and lying in the ground gold, this is all that is, there will be no new. The same with bitcoin - there will not be more than 21 million coins.

[MCJamison1987]

I don't think so. They are two different thing with their own good. Gold is a valuable,physical metal whereas Bitcoin is a virtual, top crypto. There are still people who would rather hang to gold especial those who are less aware of crypto.

[qtronix]

You are right only in one thing-gold and bitcoin are not competitors to each other. They are completely different in their purpose. Both of these investments are good in their own way. Let's just stop comparing them.

[adadaorlina]

I do not think bitcoin will replace gold. Because bitcoin and gold are two completely different things. Most people are interested in the potential of bitcoin, in its rapid growth, in the fact that now no one can control it. Bitcoin and Gold works in different ways. Gold is metal,  bitcoin is a digital asset.

[garen21]

Certainly a bitcoin can replace gold as you earn more if you invest in bitcoin than when you invest in gold.