Will Bitcoin Replace Gold ?

[Lazada]

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

For me gold and Bitcoin are the same thing because it can be an investment. But for now I think that Bitcoin is much more worth it because it has a high fluctuation rate so that we can get a fairly large profit margin so it is suitable to be a long-term investment and short-term investment. While gold is much more suitable for long-term investment because the price is quite stable, but still the gold price increase is not too high. Yes gold more offers us to a security in making investments.

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[Analea1]

Gold is a natural resource and bitcoin is a crypto currency. Per my thoughts, bitcoin cannot replace gold

yeah i agree with it bitcoin can never replace gold , no one can replace God works. Virtual money and gold is not the same.so gold and bitcoin don't have affect with each other.

[rightway00372018]

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 still believe bitcoin cannot replace gold because is very expensive and the market value is always increasing
unlike the bitcoin that the price is changeable depending on the investors.

[First77]

I still believe bitcoin cannot replace gold because is very expensive and the market value is always increasing unlike the bitcoin that the price is changeable depending on the investors.

Go back to school

[tuikindu01]

Individuals believe that the current gold reserves are largely a historical legacy and have nothing to do with currencies, and currencies no longer need gold to support them.

Bitcoin is a new type of cryptocurrency, and many people now invest in bitcoins.

[bitcoinking11]

I don't think that Bitcoin would ever replace gold, for a number of reasons. Bitcoin is a form of currency, whereas gold has many other applications, the one of the most important is jewelry. Gold doesn't require electricity to trade, on the other hand, you need electricity (computer and internet) to trade bitcoin. Gold is one of the most liquid assets, traded daily in well-established exchanges all around the globe. With gold with you, anywhere you travel in the world, you can convert it into cash.  Every day, some $18 billion, worth of physical gold are traded in London alone.

[Brianlee0112]

Gold and Bitcoin are completely two different things. One is fully physical and other is virtual. But if you mean in case of value, my opinion is Yes. People will rely on bitcoin more than gold.

[ToyotaFortuner]

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 my opinion bitcoin is very potential to replace gold because bitcoin more clearly only has a total supply of 21 million pieces of bitcoin while gold is still very much and you try to imagine how long gold exchange has been going on while the new bitcoin briefly already can almost equal the circulation of dollars earned from trading bitcoin .

[primeminer]

Gold is a natural resource and bitcoin is a crypto currency. Per my thoughts, bitcoin cannot replace gold

thus bitcoin and gold have their respective advantages. so we have to make the best use of it to be more useful and profitable. interesting what if we invest in bitcoin and gold, because bitcoin and gold have a high value.

[Ahimoth]

Bitcoin is a non-government currency.

Yeah so how come if what you say is true that the falling price of Bitcoin is blamed on governments and banks
and not a fucking word is said here about the mining fees crashing the price when they peaked at $55.

The charts back up what I am saying and how come the lightning network is nothing more than a system of
banking hubs.

Come on, stop being a parrot and repeating just what you are told to repeat because it won't save your pocket.

There's no way that bitcoin can replace gold in any aspects. Maybe one day it will compete with gold but it's hard to fathom how can bitcoin will replace it. Gold is way far different from bitcoin evenand if they're both beneficial to us. Usage of gold is still better than of bitcoin so no for it.

[qwertyup23]

Yes, might be but in future. main problem is many countries are slowing the process of cryptocurrency around the world. when all country will start supporting it openly only then we can see this kind of romantic dream that bitcoin will replace the gold.

The main problem of bitcoin replacing gold is its legal status around the world. As you mentioned, a lot of countries have started to prohibit and impose rules prejudicial to the existence of bitcoin. The process includes an imposition of taxes, stern rules and regulations against ICOs in country, country prohibition of any form of utilization, etc.
Another thing to consider, gold has been the basis of every country in terms of its currency value. Without gold, their currency will contain no value at all. Gold reserves actually reflect the status of a country and the value of their currency; it is purely on the economic side. If bitcoin were to replace gold, then countries must agree and view it as their main basis.

Gold is a natural resource and bitcoin is a crypto currency. Per my thoughts, bitcoin cannot replace gold

thus bitcoin and gold have their respective advantages. so we have to make the best use of it to be more useful and profitable. interesting what if we invest in bitcoin and gold, because bitcoin and gold have a high value.

Both of them have high value in terms of price but what makes them difference is their nature. Gold, in general, is tangible and is a non-renewable metal. Arguably, bitcoin also has a limited number of supply in the market. I doubt that bitcoin would replace gold soon as countries need to accept it first as their basis for their currency.

[aryani]

there is a marked difference between bitcoin and gold, bitcoin is a crypto currency that does not have a physical form while gold has a real physical form. we need to admit that bitcoin prices are much higher than gold, that's why many people invest bitcoin because it hopes to get a big advantage. they prefer bitcoin than gold but it does not mean bitcoin better than gold. I would argue that if you want to invest with big profits of bitcoin but must be prepared with a big risk of losses too, but if you want to invest safely, I think gold is better for that. because gold has been recognized by all countries around the world about its existence while bitcoin so it is.

[samekto198]

in my opinion bitcoin will not be able to replace gold because gold is a jewelry used, but bitcoin can be swapped into gold

[RyeEarth99]

Money and Gold. Gold has always played an important role in the international monetary system, They circulated as currency in many countries before the introduction of paper money.Bitcoin and gold have important differences. These range from something as simple as tenure to the very nature of these assets themselves: gold is tangible, but bitcoin is a digital creation, it explain as between gold as physical object while bitcoin is entirely digital but both are safe haven assets, the only thing that good for them are both are in good investment, but hence it will not replace to one another as the TERM ~ GOLD is Gold and BITCOIN is BITCOIN  

[KennyR]

Gold is something which has got a physical backing as well the trust from people around the world as the best source for investment. Second thing it is under the control of governments, so it won't be regulated big as our bitcoin. These days more people invest upon the digital form of the gold. Replacement won't happen in the future as well.

[Dilladupak]

bitcoin and gold, bitcoin is the digital currency, with easy ways to get a good profit in the long run or short, so we will more easily make money. while gold for me is also good for investment but for us gold only to make gems and not make profit, and also gold price will lose its value, so for us still will hold bitcoin.

[SnapDown22]

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

it is the demands of the development of the era and technology if bitcoin growing rapidly I think we will be more practical and more efficient in the conduct of sale and purchase transactions and without any third-party interference and the possibility that can occur along with the development of technology and development era

[apelmerah]

Bitcoin and gold have their own position, because gold is better suited to be a jeweler in life and that's what has value in price, and bitcoin as a currency that has a higher price value than gold.

[mustafizur8400]

I think it is not necessary to replace gold with Bitcoin. they are totally different from each other in terms of value, uses, source and quantity available.

[Rustamm]

Bitcoin or another crypto currency will not be able to replace gold, since these are completely different in nature and even exist in different worlds. The value of gold remains unshakable for thousands of years and it will uniquely continue its existence as a measure of value and value storage and beyond. This is still a crypto currency, which exists for less than ten years, until it has a clear enough perspective and various problems constantly arise with it.