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Author Topic: [2019-04-21] Bitcoin Displacing Gold Entirely Would Value BTC At $350,000: Is It  (Read 278 times)
BitHodler
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April 28, 2019, 08:48:22 PM
 #21

Gold might be out of dated by then and crypto might replace it, or not.
Even in the best case scenario for Bitcoin, I don't see it swap position with gold. It's too well adopted and respected for what it is, and then we have its physical nature also playing a role of importance for people.

Gold in physical form is just as decentralized as Bitcoin is, just less convenient to deal with on a daily basis. Another thing is that you can't fork gold to create money out of thin air, which is possible with Bitcoin.

The downside of Bitcoin's forks are that they compete for the same hashrate, which I always found to be a major downside. It caused problems where there wouldn't be any if forking wasn't a thing. It's really unfortunate.

BSV is not the real Bcash. Bcash is the real Bcash.
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April 29, 2019, 01:46:57 PM
 #22



Bitcoin is considered by many as the digital gold counterpart and can be a good alternative to gold investment. However, I don't believe that it can be able to really replace gold but can be existing alongside with it serving the global investment community. In fact, there are those who have invested with gold and with Bitcoin as well.
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