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

[Bitcoininvestment]

Overtime I've researched what has made gold desirable as a store of value.

Additionally I've come to understand the limitations of Gold, and why I believe Gold will be seen as the go to store of value less and less going into the future.

We're living in an increasingly high speed, digital world, where people expect instant access to their funds and their stored value.

Gold cannot and will not be able to offer this to future generations, who will not accept the limitations of Gold.

I believe Bitcoin meets the and surpasses many of the attributes offered by Gold.

For this reason I think Bitcoin will grow to become the primary store of value for people, and will begin taking market cap away from Gold.

I've created a video below where I list the attributes that Bitcoin has, that Gold simply does not have, and why Gold cannot compete with Bitcoin.

I believe proponents of Bitcoin have been too soft on Gold. Gold is severely limited.

Please watch the video and let me know what you think. Thanks

https://youtu.be/UyaNJMxWmSU

This is what we think about the two. Bitcoin is a product of innovation ans invention by some great and very well smart idea of a person behind it while gold is a product of our environment.  Bitcoin is a digital value for some people who are in need. We make a digital wallet for that and to keep and be safe of our earnings. Gold is very hard to get and actually it has a certain place where you can find it while bitcoin is produced by internet so it is possible to replace the gold by bitcoin.

[minersday]

There is no way bitcoin will ever replace gold.  This is because, bitcoin will not be recognized as an investment asset in some few years to come.
It will be a digital currency mainly for the exchange of goods and services just like physical fiats. Bitcoin was developed to be an alternative currency that eliminates any third parties involvement in the transaction of goods and services. 

[ScamViruS]

I don't think Bitcoin can replace gold. The huge difference between Bitcoin and gold. I think the way people invest in gold, they will not invest in Bitcoin. Because gold is physically money. Investing in gold is recognized worldwide. Gold is much less volatile, which makes investors feel safer to invest in gold.

Gold has been used by humans from thousands of years. So in my opinion Bitcoin will not be able to replace gold.

[Murat]

It's not mandatory to replace gold by the Bitcoin for any reason, It would be better if you put your research paper here then we also make ourselves understand that Gold is going to be replaced by Bitcoin, You know Gold has a huge popularity around the world and people are trying to collect gold for the future purpose because It's has a massive demand. on the other hand, Bitcoin is becoming one of the popular payment systems nowadays, most important thing is that Bitcoin is not like other precious goods and Fiat money, it's a different thing totally, yeah it's true that people also holding Bitcoin for the future purpose but it's time to discuss about the comparison or replacement issue.

[Anegg]

Bitcoin will never replace gold for the pure fact that gold is physical and will always have demand because it is a precious material that people desire, either to wear or as a method to maintain their wealth. Bitcoin has nowhere near the demand of gold in this day and age, with most people still scared to even invest into the technology. I think that gold will forever be a store of wealth an a great stable investment, bitcoin on the other hand still has a long way to go before it is even mainstream, which would the first step to becoming a stable investment. Until and unless it becomes mainstream and governments around the world accept it, it will never even have the chance of replacing gold. I truly do hope that one day it will replace gold, with the way technology is progressing at the current time, but I wouldn't be surprised if another cryptocurrency did it instead.

[Pab]

Central Banks are buying gold and keeping like a  reserve
Gold is traditional store of value from hundreds years
How to imagine that bitcoin with his limit of 21 mln coins will replace gold
There are also two kind of gold.Physical one and digital traded on exchanges
Gold trading is even much more manipulated through futures and derivatives than bitcoin trading is
In a case of bitcoin i am worry that bitcoin price can be manipulated and controlled in similar way

[johnmason92]

If you have to chose between gold and bitcoin to buy there are several points.Firstly,gold has been highly valued for thousands of years across human civilizations, but now we are in the digital era, when bitcoin is decentralized digital currency, which value has increased ofver the last ten years and has proven that an investment in BTC is highly recommended. So which one is better? If we want to invest in BTC, there is the risk of inflation and deflation. You might win, but you also might lose too. BTC value is something unsteady and gold's value is steady. If it is up to me, I would chose to invest in BTC. It is not because the nature of the human being to take risks, it is because of the idea of Bitcoin. And if people educate themselves about what BTC represents, they would easily understand that the value of BTC.

[atjiat]

Until recently, the issue of Bitcoin being able to replace the banking system was very much discussed, but analysts expressed their negative opinion.  This is simply not possible.  And you don’t even need to talk about gold, because Bitcoin can never replace precious metals and other physical values.  To date, there are quite a few problems with Bitcoin, which are obstacles to its mass use.  First of all, you need to solve the problem of scalability and legalization of Bitcoin.  And even in this case it’s not a fact that Bitcoin will be used by all mankind without exception.

[Blackdeath]

Overtime I've researched what has made gold desirable as a store of value.

Additionally I've come to understand the limitations of Gold, and why I believe Gold will be seen as the go to store of value less and less going into the future.

We're living in an increasingly high speed, digital world, where people expect instant access to their funds and their stored value.

Gold cannot and will not be able to offer this to future generations, who will not accept the limitations of Gold.

I believe Bitcoin meets the and surpasses many of the attributes offered by Gold.

For this reason I think Bitcoin will grow to become the primary store of value for people, and will begin taking market cap away from Gold.

I've created a video below where I list the attributes that Bitcoin has, that Gold simply does not have, and why Gold cannot compete with Bitcoin.

I believe proponents of Bitcoin have been too soft on Gold. Gold is severely limited.

Please watch the video and let me know what you think. Thanks

https://youtu.be/UyaNJMxWmSU

For me, in terms of the value or the market price, yes, bitcoin will replace the gold but I think when it comes to investing, I think it will be the same because in both gold and bitcoin, they have different opportunities in their different ways. Bitcoin market price can also be dump same as the gold but also their price can be increase also.

[ice098]

If you have to chose between gold and bitcoin to buy there are several points.Firstly,gold has been highly valued for thousands of years across human civilizations, but now we are in the digital era, when bitcoin is decentralized digital currency, which value has increased ofver the last ten years and has proven that an investment in BTC is highly recommended. So which one is better? If we want to invest in BTC, there is the risk of inflation and deflation. You might win, but you also might lose too. BTC value is something unsteady and gold's value is steady. If it is up to me, I would chose to invest in BTC. It is not because the nature of the human being to take risks, it is because of the idea of Bitcoin. And if people educate themselves about what BTC represents, they would easily understand that the value of BTC.

If I will choose between the two, sorry but I will choose gold. We all know that bitcoin is not yet legalize all over the world. But gold is well known to have a precious value in the world. Bitcoin cannot replaces gold, also they are not at the same level, gold is a physical asset  and bitcoin is a virtual currency that can be found in the internet a virtual asset.

[blckhawk]

Overtime I've researched what has made gold desirable as a store of value.

Additionally I've come to understand the limitations of Gold, and why I believe Gold will be seen as the go to store of value less and less going into the future.

We're living in an increasingly high speed, digital world, where people expect instant access to their funds and their stored value.

Gold cannot and will not be able to offer this to future generations, who will not accept the limitations of Gold.

I believe Bitcoin meets the and surpasses many of the attributes offered by Gold.

For this reason I think Bitcoin will grow to become the primary store of value for people, and will begin taking market cap away from Gold.

I've created a video below where I list the attributes that Bitcoin has, that Gold simply does not have, and why Gold cannot compete with Bitcoin.

I believe proponents of Bitcoin have been too soft on Gold. Gold is severely limited.

Please watch the video and let me know what you think. Thanks

https://youtu.be/UyaNJMxWmSU

Even gold doesn't have some of the attributes Bitcoin has, it still cannot be replaced by Bitcoin. No matter how much the price difference is, the fact that Bitcoin is just a digital currency is something not all would accept as form of payment. It's still important to have gold reserves since it is something you can physically trade to other goods, cosidered valuable by the society because of its rarity. Bitcoins market volatility is also not good to store value since people will just lose money on drastic fluctuations.

[cutesgirl]

Bitcoin can replace gold as investment if bitcoin never find with trouble by exchange market hacked, bad respond from many country and have government want to banned bitcoin, other issues when bitcoin have down make many investor left for bitcoin and why hard for bitcoin can replace gold as investment.

[STT]

I dont think its as complicated as all these factors, of course every asset has some variation but the main difference between these two is how they transact.   Gold lacks the ability of Bitcoin to securely transact without physical exchange, so its especially restricted by any trade which would prefer speed and convenience and independence from review.    That is the beginning and end of most what divides the two assets.
    BTC is far more suited to online trade especially digital goods which are also not tied to any physical exchange.   Gold is preferable where long term storage of value is desired and a fixed amount, known weight and accepted route of exchange is preferred.    They are not in conflict, both are likely to be more popular in future as we dont need everything to be a virtual digital exchange and we'll store fixed value in commodities, housing and many assets besides gold.

[kram31]

Why should they? do we really need a thing like replacement?
They are both different to each other. BTC is an investment and cannot hold physically.
While GOLD can be use as jewelries and the price is not that moving like BTC is having.
I think they are a good combination of investment.

[ReiMomo]

I don't think so because bitcoin and gold are different and gold is really great when it comes to long period of investment and it has more stable value and it will stay forever rather than bitcoin that has a volatile value and we don't know if how long will it stay and if it will be legal to all countries. But to be honest, I did not find any valid reason why bitcoin replaced gold. They had different characteristics but the same valuable stuff.

[poptok1]

I still don't understand how you can compare crypto and gold?

It's not crypto that is compared to gold, it is bitcoin.
Not everything that is shiny, is gold and the same rule applies here. Not all cryptocurrency can obtain the status.
And there are quite a few similarities between the two, that's why such comparison is reasonable.
As to replacement one by the other, I don't think it will happen. Gold always going to be desired, because you can't make jewellery out of crypto, you can't use it in production of top grade electronics etc. Means of payment, store of value, investments are another story and as such replacement is possible.

[alexsandria]

Gold is more than that. Yes they are both a form of investment and bitcoin has some advantages compared to gold when it comes to transactions but gold has other purposes. An example is the use of gold in medicine where it is used in some medicinal equipments. Another example is those tools which are made up of gold, obviously bitcoin cannot replaced those uses.

[aysg76]

Gold is more than that. Yes they are both a form of investment and bitcoin has some advantages compared to gold when it comes to transactions but gold has other purposes. An example is the use of gold in medicine where it is used in some medicinal equipments. Another example is those tools which are made up of gold, obviously bitcoin cannot replaced those uses.

Well, gold and BTC are both the source of investment but still, you can't compare each other. However, in terms of profit, BTC would still be the topmost choice as it more profitable, but it is a virtual currency whereas gold is a real-life asset and also serves different purposes other than the source of investment. So, comparing these two won't be justified...

[karanggatak]

people say that bitcoin is better than gold, they think price is better than endurance, can be recycled, and many advantages. for me, bitcoin cant replace gold, of course if bitcoin price is amazing, it have big value than gold, and you can get it easily than gold, but bitcoin still bitcoin, you need connection to make transaction with it. lost bitcoin cant be take used again. gold is different, you can melt it but it still be gold.

[deadsilent]

Somehow op has a point. But can Bitcoin still exist even for hundred years? Gold is tested for hundreds of years and it's value grown many times than any other FIAT currencies. Bitcoin only existing for about a decade right now and now we see it's growing. But how long? Many countries are against it and the threat of being is possible. Unlike gold, it's accepted worldwide. Plus the stable price of it. Bitcoin can't do that.