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Author Topic: Why I don't believe bitcoin can replace gold  (Read 13433 times)

Offline TomPluz

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Re: Why I don't believe bitcoin can replace gold
« Reply #30 on: November 17, 2020, 05:23:25 AM »
Gold is irreplaceable. Look, can you make jewelries out of Bitcoin? There are many uses of gold that Bitcoin can not do because it is digital while gold is physical. On this aspect alone, gold will always be here as a prime metal which many people are investing into and trading. Now, having said that, maybe there can be a time when more investors and traders will be choosing to deal more with Bitcoin compared to gold. But to say that Bitcoin will be kicking gold out of the picture I think that is ridiculous. Gold is so different from Bitcoin in the same way that stocks are different from commodities.

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Re: Why I don't believe bitcoin can replace gold
« Reply #30 on: November 17, 2020, 05:23:25 AM »

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Re: Why I don't believe bitcoin can replace gold
« Reply #31 on: November 17, 2020, 07:11:52 AM »
Gold is a raw material that has been turned into liquid assets that's traded in the gold market which has its own uniqueness which the value is determined by the cost of production bitcoin cannot really replace its importance, while bitcoin is developed as a digital assets with great innovations ideals.
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Re: Why I don't believe bitcoin can replace gold
« Reply #32 on: November 17, 2020, 11:39:13 AM »
Gold is a raw material that has been turned into liquid assets that's traded in the gold market which has its own uniqueness which the value is determined by the cost of production bitcoin cannot really replace its importance, while bitcoin is developed as a digital assets with great innovations ideals.

Bitcoin is digital currency, So ai don't believe bitcoin can replace gold. I agree with you. Gold is raw material that has been turned into liquid assets. Bitcoin will have bright future, but not can replace gold. Old investors prefer in gold.

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Re: Why I don't believe bitcoin can replace gold
« Reply #33 on: November 17, 2020, 04:27:00 PM »
Bitcoin is a digital assets. This is high volatile for this reason it is very risky. Gold is not so volatile as bitcoin. If any one buy gold for long time then his asset can not be massive high or less according to the price but if bitcoin instead of gold then it can be so high or less. Bitcoin is not stable.
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Re: Why I don't believe bitcoin can replace gold
« Reply #34 on: November 17, 2020, 08:01:41 PM »
Bitcoin is a digital assets. This is high volatile for this reason it is very risky. Gold is not so volatile as bitcoin. If any one buy gold for long time then his asset can not be massive high or less according to the price but if bitcoin instead of gold then it can be so high or less. Bitcoin is not stable.

obviously for the safest investment of course gold because the value is very stable and controllable but not with bitcoin because changes can only be in seconds and cannot be predicted with precision. only based on the experience that we have seen so far we can analyze it.
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Offline Prime

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Re: Why I don't believe bitcoin can replace gold
« Reply #35 on: November 17, 2020, 11:19:34 PM »
Bitcoin is a new asset in digital space, surely it won't replace gold that already an icon for investment for many years. Bitcoin is one of the options in investment, still many people don't invest in Bitcoin. While gold, almost all people in the world already invested in it.
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Re: Why I don't believe bitcoin can replace gold
« Reply #36 on: November 18, 2020, 12:52:49 AM »
Bitcoin is a new asset in digital space, surely it won't replace gold that already an icon for investment for many years. Bitcoin is one of the options in investment, still many people don't invest in Bitcoin. While gold, almost all people in the world already invested in it.

Absolutely yes, almost all people in the world already invested in gold. Gold is more popular and It seems many people still more believed in gold than bitcoin, because bitcoin is new asset for Investment. Maybe when digital era come, we will see bitcoin is more popular.

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Re: Why I don't believe bitcoin can replace gold
« Reply #36 on: November 18, 2020, 12:52:49 AM »


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Re: Why I don't believe bitcoin can replace gold
« Reply #37 on: November 18, 2020, 01:22:08 PM »
If you really don't believe that bitcoin can replace gold, then what is it that makes you doubt? Meanwhile, bitcoin has clearly proven that it can generate huge returns of up to 100% of the investment we make. It is much, much better than gold in my opinion.
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Re: Why I don't believe bitcoin can replace gold
« Reply #38 on: November 18, 2020, 02:44:05 PM »
Gold and bitcoin those are different types of assets but valuable. I don't  believe that Bitcoin replace Gold. These are completely different from each other and also different from features. We know Bitcoin is high price volatility where Gold is high price stability. Bitcoin can be disappear any time by the price but Gold never do it.

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Re: Why I don't believe bitcoin can replace gold
« Reply #39 on: November 18, 2020, 08:02:58 PM »
Bitcoin is absolutely just a product unlike gold that has a unique value because of being useful in a particular area and due to being rare. But still bitcoin is better when it comes to fast earning unlike gold.
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Offline lepbagong

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Re: Why I don't believe bitcoin can replace gold
« Reply #40 on: November 19, 2020, 09:49:49 AM »
Bitcoin is absolutely just a product unlike gold that has a unique value because of being useful in a particular area and due to being rare. But still bitcoin is better when it comes to fast earning unlike gold.

gold is a good investment and it has been an investment that many people have made for a long time, but with the arrival of crypto some people started to switch to crypto. gold is not very risky in contrast to crypto full of risk, but behind the risks there are benefits that are avenged.
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Offline indexx

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Re: Why I don't believe bitcoin can replace gold
« Reply #41 on: November 19, 2020, 12:56:05 PM »
How can you not believe in Bitcoin, even though you just entered this forum. a lot of information about Bitcoin that you can get. Bitcoin has even been licensed in several countries. And now it is safer and more enjoyable to invest in Bitcoin.
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Offline Carbitcoin

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Re: Why I don't believe bitcoin can replace gold
« Reply #43 on: November 19, 2020, 08:22:30 PM »
In fact, Bitcoin will never replace gold. There is no such thing: do you believe or do not believe. There is one point that each investor will have a choice whether to invest in Bitcoin or in Gold for personal reasons. But no one can cancel the value of gold, especially considering not only its limited amount, like Bitcoin in the world, but also the real demand for gold in industry and in high technologies.
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Offline vegasus

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Re: Why I don't believe bitcoin can replace gold
« Reply #44 on: November 19, 2020, 10:55:28 PM »
This is a classic issue about the comparison of Bitcoin and also Gold. In my opinion, this is another way of how we can believe in what we believe., Personally, I love both, Bitcoin and also Gold. The two are worth it and it is likely a kind of safe haven?  But yeah, it seems that we can see the prospect of BTC with its high volatility but can give very high profits in short time. And on the other hand, Gold is always worth it and its increase is much better with low volatility.

 

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