Will Bitcoin replace Gold someday?

[Batch18-19]

I think bitcoin and gold are two different objects. It would be nothing but foolishness to compare one with the other. Because one is real and the other is virtual. I have no idea how you want to match the two. All the time the location of the two is in different places. So I think it's better not to differentiate between gold and bitcoin.

[H2O]

Bitcoin and gold two both are very valuable but one can easily touchable and another cannot. Bitcoin a virtual currency which has no existence but have Value more than gold but not widely accessible/acceptance. Gold a metal which has universal acceptance.

[yetti]

Bitcoin and gold two both are very valuable but one can easily touchable and another cannot. Bitcoin a virtual currency which has no existence but have Value more than gold but not widely accessible/acceptance. Gold a metal which has universal acceptance.

unfortunately I see bitcoin's price movement is faster so that from bitcoin we can get more profit, in contrast to gold which has very slow price movements so that it makes very little profit because it is difficult to move gold prices.

[mlawson71]

Frankly, the smaller volatility of Gold's price makes it such a good instrument to store wealth in, rather than make wealth out of. You can't store wealth in a cryptocurrency that rallies and falls with thousands of dollars within hours. You can, however, profit greatly out of that volatility.

[owlest]

Frankly, the smaller volatility of Gold's price makes it such a good instrument to store wealth in, rather than make wealth out of. You can't store wealth in a cryptocurrency that rallies and falls with thousands of dollars within hours. You can, however, profit greatly out of that volatility.

Great explanation of what is the difference between gold and bitcoin. I am not inclined to compare these two assets, they play completely different roles.

[Bobcrypto]

I think that Bitcoin volatility is where the profit hinged, and with out this ups and down movement Bitcoin may not give the huge profit that we are experience today. As a matter of facts, gold has been here as s store of value but Bitcoin has arrived as a hedge against inflations. In my opinion, Gold is considered as a store of value but Bitcoin will be more profitable to hold to make huge profit than gold. Bitcoin can be considered as a store of profit in both long and short terms. Check the BTC price records and compared within it's short existance. Thank you.

[Rinat8368834]

I believe that Bitcoin can never replace gold. How Can You Touch Bitcoin? How is it supported? And gold is a real asset that you can touch. All cryptocurrencies are very high-risk assets. And sooner or later it will fall down and there will be a crypto winter, and where do you think money will flow from high-risk assets? I think the answer is obvious. Cryptocurrency is a speculative asset.

[Google+]

bitcoin will not be able to replace gold, it's just that maybe it can be used for alternative payments other than using gold, because until now gold is still competing strongly with bitcoin. both of these there will be no winner because everything is just an alternative to make transactions.

[owlest]

bitcoin will not be able to replace gold, it's just that maybe it can be used for alternative payments other than using gold, because until now gold is still competing strongly with bitcoin. both of these there will be no winner because everything is just an alternative to make transactions.

How can bitcoin replace gold? And what is gold for us? Gold is just a virtual value and it plays little role in our life. Perhaps as a decoration or part of a technological detail. But the national currency has not been backed by gold for a long time.

[Sumi]

I never assume that gold is replaced by bitcoin or any other Crypto currency . But we can say Bitcoin is most popular as well alternative coin of gold .
Still their is alot of invester who continuous work with gold , but trend for bitcoin also increase day by day .
I never work with gold because I think this is still profitable  if I work with bitcoin.

[Tunir Baap]

Before comparing with gold and bitcoin, you need to see which one is currently the most used.  Gold is an object that is widely used in all countries of the world.  But as Bitcoin is a digital currency, it has not yet been approved in all countries.  Since Bitcoin has not received worldwide approval, it is only natural that gold will be ahead of Bitcoin for the time being.

[C 98]

Bitcoin is the most valuable coin in the cryptocurrency market.Now the value of a bit coin is about 62 thousand $. We all know that Bitcoin exists only through online.Gold, on the other hand, is a very useful substance.Now the price of gold can not surpass Bitcoin in any way.

[Mahindra]

Nowadays it is better to hold bitcoin than to replace bitcoin and hold gold. Because compared to gold, this bitcoin has gained a lot of popularity in cryptocurrency and all over the world. And the price of bitcoin has increased a lot more than gold which is why I think bitcoin is far ahead of gold.

[Mrkadir85]

I think it is better not to compare bitcoin and gold.  Because the way and features of these two coins are different.  But we can save both for our future generations.  So that our future generations can adapt to the future environment.  The higher the price of Bitcoin, the higher the price of gold.  So if we try to hold on to both gold and bitcoin to the best of our ability for the future, that will bring us good.

[EAA-ALLAH]

Bitcoin is a current cryptocurrency currency. One currency is constantly fluctuating in price. Earlier its price was much lower but now its price is skyrocketing.There will come a time when no one will be able to afford to buy this bitcoin.Heard here is a stable place. Although the price fluctuates in a few places. Bitcoin is now much more valuable than gold.