Why I don't believe bitcoin can replace gold

[alltalk]

I think so. Bitcoin won't replace gold because gold is irreplaceable with any other things. Gold is one of the best things for investment, but it is a physical asset. While Bitcoin is a digital asset and it is still new in the investment field. However, Bitcoin asset has a big potential to be a popular investment. We must look at the reality in real life that Bitcoin or crypto investment is getting popular.

[susishine]

bitcoin will never replace gold due to its various differences and uses
bitcoin is only used for different transactions with gold, gold is a luxury item that can be used and is also needed in some machines

[EthereumDev_]

indeed bitcoin can never replace gold, but we all know that the price of bitcoin has the potential to beat the price of bitcoin and of course when that happens, bitcoin will beat gold.

[lepbagong]

indeed bitcoin can never replace gold, but we all know that the price of bitcoin has the potential to beat the price of bitcoin and of course when that happens, bitcoin will beat gold.

Hi mate, what you write is confusing, maybe the understanding is that the price of bitcoin has the potential to beat the price of gold.
all possibilities could have happened if indeed the increase from bitcoin was indeed according to the Halving estimate.

but investing in gold is clearly without a big risk unlike bitcoin, but because bitcoin generates huge profits so many are interested in making investments. even though both of them are very potential for investment as well.

[IvugeoEvolutionCoin]

I really agree with what you say because until now bitcoin can not replace gold but for the price of bitcoin I really believe it can beat the price of gold, while for investing in bitcoin it is very good because the up and down price movements can be used to make a profit.

[jakasantosa]

Gold can be traded in traditional markets where traditional market locations do not require equipment and infrastructure to carry out transactions. Meanwhile, to conduct bitcoin transactions, equipment and infrastructure are needed that support bitcoin transactions. That's the reason traditional people say Bitcoin can't replace gold.

[BradSow]

Gold and Bitcoin will be exist next to each other. If I have to believe this article said that Deutsche Bank finds that investors choosing Bitcoin over Gold.

I have BTC but the idea to have gold as well is actually not a bad idea.

Article: After JPMorgan, Deutsche Bank Survey Finds Investors Choosing Bitcoin Over Gold

[AllSii]

indeed bitcoin can never replace gold, but we all know that the price of bitcoin has the potential to beat the price of bitcoin and of course when that happens, bitcoin will beat gold.

Bitcoin and gold differ in their form: bitcoin has a digital form, while gold has a physical form. It is only recently that gold has also taken on a physical form.

[Arendra]

Because Bitcoin is too folatil in value. It's easy to go up and down. Meanwhile, gold always increases in price. And also this gold is a form of goods that can be owned as an asset. So that people will definitely believe in gold more easily.

[therozaq]

Because Bitcoin is too folatil in value. It's easy to go up and down. Meanwhile, gold always increases in price. And also this gold is a form of goods that can be owned as an asset. So that people will definitely believe in gold more easily.

Yes, It is true, gold is more stable. But bitcoin is more profitable mate. Maybe at the coming future when digital era coming, bitcoin or Crypto currencies will replace gold. I think It will happen, I believe it.

[Carbitcoin]

Of course, if you look at the situation from the other side, then you can consider the competition between gold and bitcoin in a specific way, when Bitcoin is a profitable investment, which, due to its volatility, will bring a large enough profit to its owner in a certain future, but gold looks like a more stable asset. which you can use as a storehouse for your savings.

[mlawson71]

That is an excellent explanation of the difference between the two, thank you!

[Cryptoz]

Yeah, I also don't believe that Bitcoin to replace gold. Both Bitcoin and gold are needed to use for human life. We mustn't remove one of them in the world. Bitcoin and gold can complete one another because they are basically good in combination. Why don't we let Bitcoin and gold to survive together? 

[ayatoslaw]

Bitcoin and gold can complete one another because they are basically good in combination. Why don't we let Bitcoin and gold to survive together? 

Yes, it's better to let gold and bitcoin become assets that everyone can choose, both of which are very much needed by everyone who wants to store their asset value, there is no reason for bitcoin or gold to beat each other.

[Blaze]

Bitcoin and gold can complete one another because they are basically good in combination. Why don't we let Bitcoin and gold to survive together? 

Yes, it's better to let gold and bitcoin become assets that everyone can choose, both of which are very much needed by everyone who wants to store their asset value, there is no reason for bitcoin or gold to beat each other.

unfortunately the one that has price movements and can provide many benefits is bitcoin, while the gold price movement is very slow and cannot provide much profit so it is certain that bitcoin is the best.