Bitcoin Will Replace Gold! Here's Why...

[elisabetheva]

Two things that are very different and clearly have their own share between bitcoin and gold. gold has long been used as an investment that is still running, not with the presence of bitcoin gold will be eliminated. bitcoin is indeed a very tempting investment for now, but it is not sure that it will replace gold.

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[thecryptogandalf]

I do not find reasonable to compare Gold and BTC. Because both of them have their own pros and cons. Why do we need to choose only one of them? BTC still needs time and needs to complete it`s adoption process from the perspective of liquidity and stability. It depends on person`s own perspective like what he or she actually expecting from both by buying BTC or Gold as a store of value. I don`t think there is a clear answer for this topic. Gold is existing for years and I don`t think it is going to be replaced quickly.

[manok jepang]

Gold has been a reliable tool for centuries. Gold has served as a protector, a way to save wealth, and launder / hide money from the government throughout history. The increase in the price of Bitcoin is indeed extraordinary, but when it decreases, the fall is also not half-hearted. Daily fluctuations in the range of hundreds of Dollars are quite common in Bitcoin. Unlike the case with the price of Gold, the most severe daily fluctuations are only in the range of a few tens of Dollars. In other words, the price movement of Gold is more stable than Bitcoin.

[Pamadar]

Gold has been a reliable tool for centuries. Gold has served as a protector, a way to save wealth, and launder / hide money from the government throughout history. The increase in the price of Bitcoin is indeed extraordinary, but when it decreases, the fall is also not half-hearted. Daily fluctuations in the range of hundreds of Dollars are quite common in Bitcoin. Unlike the case with the price of Gold, the most severe daily fluctuations are only in the range of a few tens of Dollars. In other words, the price movement of Gold is more stable than Bitcoin.

In the long process of your investment interest the best form that you'll going to look is the stability of your assets, gold proved that since then and being used by most wealthy people to store their assets, while in the other side, Bitcoin being continuously adopted also getting it's way to be popularized being an investment tools, though it's hard to predict what future offers to each investors, between this two assets, it can only be concluded after things happen along the way.

[senin]

Gold has been a reliable tool for centuries. Gold has served as a protector, a way to save wealth, and launder / hide money from the government throughout history. The increase in the price of Bitcoin is indeed extraordinary, but when it decreases, the fall is also not half-hearted. Daily fluctuations in the range of hundreds of Dollars are quite common in Bitcoin. Unlike the case with the price of Gold, the most severe daily fluctuations are only in the range of a few tens of Dollars. In other words, the price movement of Gold is more stable than Bitcoin.

In the long process of your investment interest the best form that you'll going to look is the stability of your assets, gold proved that since then and being used by most wealthy people to store their assets, while in the other side, Bitcoin being continuously adopted also getting it's way to be popularized being an investment tools, though it's hard to predict what future offers to each investors, between this two assets, it can only be concluded after things happen along the way.

Therefore, there will always be a big difference in volatility between gold and bitcoin. While bitcoin in general is constantly growing in price, it can be used as a means of preserving value. However, if its price is relatively stabilized in the sense of its overall growth, and not volatility, and such a period will come sooner or later, then using it as a means of preserving value will no longer be profitable.

[serjent05]

Not really replacing gold but Bitcoins will become one of the permanent currency in the near future and its volatility will be no longer there maybe it stops from the higher price and from there, we will be no longer see the sudden drop of its price like the golds.

I still can't see Bitcoin being not volatile in the near future. I believe it will take more than a decade for Bitcoin price to be stable in my opinion and it will continue to swing up and down before it settles to its true value.  We are also unsure if Bitcoin will stay or not or be replaced by more scalable cryptocurrency so both our statement here is kinda speculation.  Even Bitcoin replacing Gold is also a speculation that is far from happening.

Gold cannot be replace because it was there a long time ago before bitcoin become known to us.

I agree with you and aside from your reason, there are usage of Gold that Bitcoin cannot replace that is why Gold will always have value and will never be worthless unlike Bitcoin that has a possibility to have 0 value once people lost  interest in it or create another blockchain technology that will make Bitcoin obsolete.

[mazdafunsun]

You are telling that the main reason gold will take a back seat is because it is not that accessible digitally .
How about all of those options and financial instruments tied to gold which are sold and bought instantly, you can exchange gold without having it on your hands nowadays so i do not believe that this is good argument.

[Viscore]

Most people always say that gold is a very important investment option. Moreover, most people choose to invest in gold instead of currencies like dollar,euro etc. . Though not many people are aware of that Bitcoin's potential. I am sure about that Bitcoin will absolutely replace gold in the future.

Gold has been here already for centuries and people are used to it as a good form of investment. But when bitcoin comes along, some people realized that there are more potentials in bitcoin that can bring us bigger profits compared to gold. Gold may be a safety and low risk investment but bitcoin is a very risky one which in return, will give us huge profits more than we can get from gold.

[killat]

Anyone saying it will replace gold or not are predicting as much as you!

So, if you wanna gamble, go with you own prediction, that way you won't blame others for your losses.

Note: Predictions are not the way to go.

[Wind_FURY]

I would accept that "Gold is dead", IF every country sells all of their Gold and starts HODLING Bitcoin. China is currently buying Gold, Russia too, as an opt-out instrument/commodity for economic crashes.

[Capt00]

IF every country sells all of their Gold and starts HODLING Bitcoin.

But for sure it won't and they won't do that just for the sake of bitcoin.

And I don't see a reason why we have to replace GOLD with Bitcoin. I supposed to by more Golds and leave it there, anytime soon its price will rise but we don't know about bitcoin. Though it has the possibility but thinking where we could see assurance for market gains, most likely we can find it in GOLD.

Well, it has to decide what is best and what way we could be more benefited, either holding both of them or to sacrifice golds just for Bitcoin?

[TheClownSong]

I would accept that "Gold is dead", IF every country sells all of their Gold and starts HODLING Bitcoin. China is currently buying Gold, Russia too, as an opt-out instrument/commodity for economic crashes.

In my opinion it is difficult for a country to buy and hold Bitcoin as a reserve because Bitcoin is decentralized and there is also no clear regulation. It is difficult to replace Gold as a reserve because this has been a consensus for thousands of years. For generations who know the internet well, Bitcoin may be better but not everyone can accept bitcoin as a means of payment and many who cannot yet accept bitcoin as an investment tool

[Wind_FURY]

I would accept that "Gold is dead", IF every country sells all of their Gold and starts HODLING Bitcoin. China is currently buying Gold, Russia too, as an opt-out instrument/commodity for economic crashes.

In my opinion it is difficult for a country to buy and hold Bitcoin as a reserve because Bitcoin is decentralized and there is also no clear regulation.

Decentralization makes censorship-resistance. I believe it would be because of that property that would make some countries/governments around the world buy Bitcoin as a necessity.

[kecha1]

Gold will remain gold. Bitcoin will remain bitcoin. Nothing will change

[CoinEraser]

Gold will remain gold. Bitcoin will remain bitcoin. Nothing will change

I also think the next 50 or even 100 years won't change much and gold will continue to be of value to many people. Even Bitcoin won't be able to do much about it. As long as gold cannot be mined or produced very cheaply, it will certainly be considered a safe investment for a long time to come. You can trade gold without electricity or internet. Bitcoin cannot offer this advantage at the moment. Therefore I am also of the opinion that gold and Bitcoin go hand in hand into the future. 

[1Referee]

In my opinion it is difficult for a country to buy and hold Bitcoin as a reserve because Bitcoin is decentralized and there is also no clear regulation.

Regulation-wise, perhaps, but Bitcoin's decentralized nature doesn't have much to do with central banks not buying and storing Bitcoin. The 12.5KG bars they hold in a bunker are decentralized forms of money too.

The real problem central banks will face when buying Bitcoin is that there isn't much of it readily available, while they can get billions worth of Gold at any time of the day without effort. They can't just print x$ billion and then decide we'll buy a few hundred thousand BTC. They can perhaps do it once and empty the OTC market, but that scarcity will definitely be felt and people will value their coins even more.

[antisocial77]

I agree that bitcoin and gold will be the only 2 options to keep money safe because they are both limited.but for bitcoin there is still time.peopöe stll think bitcoin is a ponzi, first we have to tell people its not.

[bitsurfer2014]

I don't think Bitcoin will replace Gold as a store of value but rather I would like to think of it as an alternative to Gold since we cannot

deny that Gold is fundamentally different with Bitcoin and both has unique properties that seems attractive to its supporters. If they

could only harmoniously go along side by side, then it could be much better. Imho.

[joelsamuya]

There is a big potential for Bitcoin to be replacing the real gold as the top and preferred choice as store of value but it does not mean that eventually gold will be gone. There are a lot of reasons why many people will still be more comfortable with the real gold compared to its digital counterpart. One big reason why Bitcoin can be competing well with gold is the fact that Bitcoin is easier to own and manage and of course Bitcoin is acting more like a real currency compared to gold. However, I don't think there should be some competition with gold and Bitcoin as Bitcoin has many "rice" to eat before it can surmount the market for gold.

[SquallLeonhart]

I would accept that "Gold is dead", IF every country sells all of their Gold and starts HODLING Bitcoin. China is currently buying Gold, Russia too, as an opt-out instrument/commodity for economic crashes.

Which is quite impossible, there is no way people can sell their gold for no reason, when the government has not placed a ban on the use of gold, gold has been a very wonderful asset of investment, and many people have been made through it, and it has also been legalized as mean of payment which government themselves are using, so they would never give it up for anything.

When bitcoin came in to the picture, it only came as means of alternative to some of this things and not to replace them because even satoshi knows that it would be impossible for it to replace fiat and gold, the only thing is that along the line, it may just bet more popular than other means to asset because it is digital and virtually everyone is really going digital now, and our next generation are the ones that will accept this solution more than us.