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    Author Topic: Will bitcoin replace gold?  (Read 15766 times)

    • jasonjm
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    October 18, 2017, 11:16:33 AM
     #281
    Bitcoin can not replace gold and the reason is that bitcoin is a cryptocurrency and a different kind of asset than gold. Both have their importance in respected fields. Both have their own advantages and disadvantages so it is not a good idea to compare bitcoin with gold.

  • kotajikikox
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    October 18, 2017, 11:24:31 AM
     #282
    there are have a different bitcoin and gold bitcoin are digital cryptocurrency create from the new technology using volatile decentralized currency. gold are have an own identity in the market as valuable asset mine from the natural resources.
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  • dreamer81
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    October 18, 2017, 11:24:46 AM
     #283
    It allready has replaced gold. I think it was a couple of months ago when the price for bitcoin surpassed the price of gold.
    Also saw the latest news that they just found 59 trillion trillion trillion tons of gold. So in the near future gold will be worthless.

  • Reid
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    October 18, 2017, 11:29:24 AM
     #284
    Why replace it if they could both help the community.
    Bitcoin have its own properties which could be the one thing that could enhance our technology and be a part of it.
    Same with how gold got joined with the commodities which is now helpful for making things valuable.

  • jaocoincrypto18
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    October 18, 2017, 11:34:50 AM
     #285
    Quote from: 999sever666@mail.ru on October 05, 2017, 01:08:14 PM
    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 talking of price value gold can be replaced by bitcoin into the top but if you mean that replacing it as in making the gold to dissapear that is very impossible because gold can be easily to use for trade, investment  and jewelry by all people in the world unlike bitcoin it will need digital literacy, electricity and the internet for a certain transactions and at risk to dissappear if there is unnecessary incident could happen in the world like World Wars in which it may wipe out everything including bitcoin accounts.

  • Nathland
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    October 18, 2017, 01:05:11 PM
     #286
    Quote from: 999sever666@mail.ru on October 05, 2017, 01:08:14 PM
    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.
    Well it is evident that bitcoin’s price has escalated over that of gold and bitcoin is gaining high popularity and usage among people but still I don’t think that bitcoin will be able to replace gold because firstly gold’s popularity and usage is way more than that of bitcoin  secondly gold is a stable form of currency which means its value does not fluctuate continuously as compared to bitcoin. Also gold can be broken to cash whenever needed. Then gold is regulated by banks and government which increases its stability. Lastly gold has a physical entity and is a precious metal.

  • kucritt
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    October 18, 2017, 01:31:35 PM
     #287
    no! bitcoin never can replace gold, because both of them walk in different way, bitcoin walk in digital currencies that we can use every time and anywhere with internet connection, but gold is and asset for invest in long term it can't sell anytime, use anytime  Grin Grin

  • shafi alam
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    October 18, 2017, 01:32:23 PM
     #288
    Don't compare Gold with bitcoin.
    Two different thing. Gold is valuable and beautiful.
    bitcoin is valuable and it is transaction way.

  • Cofee.BLUE
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    October 18, 2017, 01:37:00 PM
     #289
    These two cannot be compared, but if we see it and think it in a practical way I think the bitcoin can replace gold, why? Because bitcoin now is rapidly increasing and unstoppable as many people says,thats why if the gold is compared and related to bitcoin surely the gold can be replaced, but as they say these two are different even though it is both valuabe but in different things, bitcoin is valuable in terms of transaction and gold is a precious valuable thing.

  • Phyton76
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    October 18, 2017, 01:44:34 PM
     #290
    Quote from: 999sever666@mail.ru on October 05, 2017, 01:08:14 PM
    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.
    Bitcoin is as valuable as gold.Both bitcoin and gold are important and essential to people.Bitcoin and gold are precious things that someone can have in able to say that they are successful.Bitcoin and gold have similarities.

  • wxa7115
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    October 20, 2017, 10:33:02 PM
     #291
    Quote from: gaston castano on October 16, 2017, 06:28:32 PM
    Quote from: 999sever666@mail.ru on October 05, 2017, 01:08:14 PM
    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.

    Currently, Bitcoin may replace gold, investment in BItcoin is very promising to see prices and cycles of rising and falling bitcoin prices is the cause of people who are switching to invest their wealth in Bitcoin although the risk of investing in Bitcoin is huge, but for my long term see more potential gold is very promising because gold is easy to save and gold is still popular today and the price will surely jump in the next few years.
    Bitcoin is great and it has a lot of potential but I do not think it can replace gold, the people that trust in gold are very set in their ways, they are not going to exchange their gold that they understand and believe in it, to some currency they cannot even touch, if you think bitcoin users have a strong determination gold holders have an even stronger determination since they are willing to hold gold for the rest of their lives.

  • Siopao
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    October 21, 2017, 10:59:35 AM
     #292
    Gold and bitcoin are two different thing, each serves for a different purpose (in a way). Although both item can ba an investment, they are still different. You can trust bitcoin for very wise invesment for the future as well as gold however gold also are precious thing because it people love jewelries and anything from gold so I think gold will stay in the market as well as bitcoin.

  • learner 7
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    October 21, 2017, 01:38:44 PM
     #293
    Totally agree with you. Why replace something. oust and other extremes? People had gold, bitcoin appeared, every day something new appeared. By the way, cars did not completely replace horses.

  • Sasuke102001
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    October 21, 2017, 01:45:43 PM
     #294
    See only things that are similar can be replaced by with each other. What I think is both bitcoin and gold are two separate things. Maybe people se both as good investments but still there are differences in them. Bitcoin isn't that stable so all people can't totally rely on bitcoin for investments whereas gold is stable, there is a guarantee of gold values as the gold market isn't that volatile. So bitcoin cannot replace gold that is ny opinion.

  • imamimam1234
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    October 21, 2017, 01:50:51 PM
     #295
    no, my mom will not make a bracelet or even necklace from btc, or maybe wedding ring in btc shape/form Cheesy

    gold is really hard to digging man, u can make jobs for someone else man, if btc repalce gold u will make many man jobless Cheesy, the system of economic will getting low, and of course doomsday in economic . CMIIW

  • ningrum
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    October 21, 2017, 01:53:58 PM
     #296
    Quote from: Sasuke102001 on October 21, 2017, 01:45:43 PM
    See only things that are similar can be replaced by with each other. What I think is both bitcoin and gold are two separate things. Maybe people se both as good investments but still there are differences in them. Bitcoin isn't that stable so all people can't totally rely on bitcoin for investments whereas gold is stable, there is a guarantee of gold values as the gold market isn't that volatile. So bitcoin cannot replace gold that is ny opinion.

    bitcoin with gold are two different things, if gold is its form but bitcoin does not exist. if the bitcoin replaces gold for me it can not be because gold is in the form of goods that have a high enough price such as bitcoin, but bitcoin does not exist.

  • Freezingel
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    October 21, 2017, 01:57:02 PM
     #297
    No, bitcoin won't replace gold. Gold will keep existing because some people prefer physical things and it's beautiful. It's also more stable than bitcoin so some people like it more than bitcoin.
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  • kissterhey
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    October 21, 2017, 01:58:57 PM
     #298
    Never, Bitcoin is a virtual currency, gold is color metal, it differs in every aspect and value

  • paradise123
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    October 21, 2017, 02:06:24 PM
     #299
    Hell no, a big NOOOOO.., Bitcoin is not going to place gold. Everyone knows that. It's a common sense that gold is more valued from Bitcoin in many ways to all the world. Not everyone knows about Bitcoins but if they knows it's value, gold will still be gold a precious metals to everyone.

  • FasTroy
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    October 21, 2017, 02:32:12 PM
     #300
    Quote from: Freezingel on October 21, 2017, 01:57:02 PM
    No, bitcoin won't replace gold. Gold will keep existing because some people prefer physical things and it's beautiful. It's also more stable than bitcoin so some people like it more than bitcoin.
    You are right, but when we talk about the value, bitcoin will automatically beat the gold. It's right that the value of gold increase each year, but it not increase too much like bitcoin, It's a very low difference compared to the volatility of bitcoin and the high increase of price over the years.
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