Gold and blockchain Technology

[CarnagexD]

Coz Every electronic device need gold Gold is best metal for Electrical wires and small things.

The most highly conductive metals are silver, copper, and gold. Of course that gold is too expensive, but is it so better than silver? In the end is it matter which metal is the best conductor? It's just piece of metal that have some purpose, for which can be used some other metal as well. On other side blockchain technology is an idea, amazing invention that allows digital information to be distributed but not copied!
People are comparing bitcoin and gold since ever, but truth is that this two can't be compared.

This pretty much points that bitcoin and gold will have minimal effects between each other. In the first place bitcoin itself has a different investment environment from gold, and just because gold is used for construction of technological products it doesn't necessarily mean that it will pump along with an increase on bitcoin's price.

[1715463569]

1715463569

[Visbay]

If the blockchain Technology rises more miners more it Technology and servers and computers.
Then the Gold Price will Go up as demand too
Coz Every electronic device need gold Gold is best metal for Electrical wires and small things.

The use of gold in electronic devices in my opinion is very minimal, although later the demand for electronic devices is higher but it is still inferior to the demand for jewelry and jewelry has a much higher gold content than electronic devices. So my conclusion with the many crypto miners is not very helpful in increasing gold, maybe only very little.

Crypto and hold both of them are not the same then how can blockchain take part in progress or increase in the price of Gold. We know Gold is jewelry but how many people are interested in wearing it. People only want a good income and better life that’s only possible with blockchain technology and crypto so Gold can never get the same value as a blockchain because it’s all about crypto now.

[LUCKMCFLY]

It is time to get the idea that gold will be integrated in some way to Blockchain technology, I like the idea, of course it is my particular way of thinking, in this article it is said that you can buy Gold through BitPay:BitPay Integration Lets Users Buy Gold With Cryptocurrency, currently after Conflict that occurred between the US and Iran has increased interest in acquiring both.

I think it is positive, the movement of money towards assets such as gold that are safe and towards Bitcoin, which in the view of many economists is not completely safe due to volatility, but that many people in the world are adopting as a refuge of value ignoring the advice of those economists.

[FLoving]

Coz Every electronic device need gold Gold is best metal for Electrical wires and small things.

The most highly conductive metals are silver, copper, and gold. Of course that gold is too expensive, but is it so better than silver? In the end is it matter which metal is the best conductor? It's just piece of metal that have some purpose, for which can be used some other metal as well. On other side blockchain technology is an idea, amazing invention that allows digital information to be distributed but not copied!
People are comparing bitcoin and gold since ever, but truth is that this two can't be compared.

This pretty much points that bitcoin and gold will have minimal effects between each other. In the first place bitcoin itself has a different investment environment from gold, and just because gold is used for construction of technological products it doesn't necessarily mean that it will pump along with an increase on bitcoin's price.

If everyone will have money and everyone will be able to buy instruments for mining then it will have a little bit affect on the price of gold as well but it will not be that much that it will give a profit to the investors. If everyone will know about bitcoin then they will not invest in gold and it is also expected that in that time many investors of gold shift to bitcoin with which I have a doubt that the price of gold may reduce. 

[vintages]

It is time to get the idea that gold will be integrated in some way to Blockchain technology, I like the idea, of course it is my particular way of thinking, in this article it is said that you can buy Gold through BitPay:BitPay Integration Lets Users Buy Gold With Cryptocurrency, currently after Conflict that occurred between the US and Iran has increased interest in acquiring both.

I think it is positive, the movement of money towards assets such as gold that are safe and towards Bitcoin, which in the view of many economists is not completely safe due to volatility, but that many people in the world are adopting as a refuge of value ignoring the advice of those economists.

In as much as we have and love to include Bitcoin or Blockchain in almost everything we do as modern technology. I still think most people will prefer to own Gold in it solid form. Though portability might another issue but offline Gold can't be replaced for an online one.

[STT]

That is the main drawback, somewhere the gold must exist physically which means the system will be based on a centralised trust type system subject to confiscation and other types of loss.    The accounting could be done via blockchain to be more transparent perhaps but the actual security will still be reliance on conventional business and legal systems.
   I have some involvement with crypto use for gold purchasing and it just ended up being hijacked by red tape from central government unfortunately.   Gold is not that well suited to very small transactions in this way, it requires major backing to operate indirectly and then you are reliant on that backer.

[Webetcoins]

It is time to get the idea that gold will be integrated in some way to Blockchain technology, I like the idea, of course it is my particular way of thinking, in this article it is said that you can buy Gold through BitPay:BitPay Integration Lets Users Buy Gold With Cryptocurrency, currently after Conflict that occurred between the US and Iran has increased interest in acquiring both.

I think it is positive, the movement of money towards assets such as gold that are safe and towards Bitcoin, which in the view of many economists is not completely safe due to volatility, but that many people in the world are adopting as a refuge of value ignoring the advice of those economists.

For me, bitcoin is more volatile than the gold. I also disagree with the economists point of view of supporting gold and considering it better than the bitcoin. By carrying on this idea I think the people who are taking refugee in this digital technology ignoring the idea of economist are more on safe side. In the near future the value that bitcoin will gain will never be achieved by the gold.