Why I don't believe bitcoin can replace gold

[masudginanjar]

I agree with the OP.
Bitcoin cannot possibly beat gold.
Gold has its own image around the world and it has been held for thousands of years.
Bitcoin will not be easy to beat gold, aka impossible to beat gold, but maybe for the price problem Bitcoin could beat the price of gold.

[gotbounty]

In general, Gold is much safer and more certain. However, it all depends on you, if you really want a sure and safe investment but it will increase slowly and will also get big profits for a long time, Gold is the best choice. However, if you really want an investment with big returns in a short time, and the risk you get is large, then you can choose Bitcoin. Everyone must have their own views.

[Muneeb22]

I believe on that becasue in the crypto market we can make money and so many peoples will change their life in it and this is true that this market give us good profit than the other business and we need to invest in it and buy different coins and hold that coin for the future.

[Noverteno]

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.

Of course, Bitcoin or any other decentralized cryptocurrency can never replace gold.  For millennia, nothing could replace gold, and the same state of affairs will continue in the future.  Moreover, bitcoin is the absolute opposite of gold and simply cannot physically replace it.  Bitcoin cannot be the main currency instead of the national currencies of states, like other decentralized cryptocurrencies, it can only exist in parallel with traditional currencies and traditional values.

[Confero]

Gold and Bitcoin have differences and they cannot be compared, Bitcoin will remain the best investment with high risk and potential and Gold is a safe investment and besides gold has more security Gold can also be used as jewelry. Both will continue to run simultaneously according to their respective advantages, but Bitcoin is indeed more promising because of its high volatility value.

[densus88]

I agree with the OP.
Bitcoin cannot possibly beat gold.
Gold has its own image around the world and it has been held for thousands of years.
Bitcoin will not be easy to beat gold, aka impossible to beat gold, but maybe for the price problem Bitcoin could beat the price of gold.

Yes mate, I agree with your opinion " maybe for the price problem Bitcoin could beat the price of gold". For price, bitcoin can beat gold. But for the popularity, I think never. Gold is the Legend of Investment, It has used for along years ago. So, It is difficult to replace it.

[Cristiano]

How Bitcoin is Growing Its Popularity Bitcoin is expected to take the place of gold in the next few years.  Bitcoin will be valued more than gold.  And wait a while. When Bitcoin takes the place of gold, there will be a lot of changes in the cryptocurrency market.  Governments in many countries have already begun to believe that gold will one day be replaced by bitcoin.

[Tunir Baap]

Your post is very instructive post.  If I hadn't read your post I probably wouldn't have known how valuable Bitcoin is.  Because you posted that Bitcoin will be more than gold.

[Hamida]

If you believe Bitcoin can replace gold, I think You should learn more about gold. Because Bitcoin is unpredictable and volatile.
Gold is more stable and more popular.

[I-Bit]

Because bitcoin and gold are two things that are very worthy with their own characteristics and nature. We all know that gold is very recommended and also trusted in this world, from a long long time ago. And Bitcoin is like a new era of technology. So, we can say that they may be competing but not to replace one another.

[Triedboy]

Countries that do not have the legitimacy of Bitcoin must think that gold is more valuable than Bitcoin. They think that Bitcoin cannot be touched, so sometimes we can eat a huge amount from it, so they do not trust Bitcoin and rely more on gold.  I have seen that in all the countries where Bitcoin has been legalized, Bitcoin is more important than gold.

[Triedboy]

Your post is very instructive post.  If I hadn't read your post I probably wouldn't have known how valuable Bitcoin is.  Because you posted that Bitcoin will be more than gold.

It would be wrong to say that the price of Bitcoin is more than gold.  A bitcoin seems to be equal to 19 thousand dollars and if it can be calculated in Bengali rupees, its value stands at around 19 lakhs. It is seen that the price of gold is very low. All the people who have no idea about cryptocurrency think that gold is more valuable than bitcoin.

[pacar_tiri]

If there is one great product that challenges the position of gold that is bitcoin and we all in crypto community knows about it. There are opinions saying that bitcoin will replace gold and the reason I see in this opinion is because of its volatility.

The volatile culture which I called "the lucky charm of bitcoin" is what gives interest to investors and traders to believe they can make huge profit from it. But this lucky charm is also the bad luck of others and from them the gainers of bitcoin make profits. Well it's too obvious that coin always has two sides and so whoever invest in it is not free from risks.

Aside from risk bitcoin is just a product invented by anonymous gifted individual or a group and every manufactured matter can be replace by something greater in the future. This is what made me believe that gold can't be replaced by bitcoin.

Gold is a natural matter that holds irresistible value and can't be lose no matter how the world will become gold value remains. Here's one of my favorite about gold:

There are several factors that make gold a strong safe-haven asset. It’s valuable as a material for consumer goods such as jewelry and electronics, and it is scarce. Regardless of demand, supply remains disproportionately low. Gold cannot be manufactured like a company issues new shares, or a federal bank prints money. It must be dug up from the ground and processed.

And this one...

Gold usually performs well during corrections because even if it doesn’t necessarily rise, an asset that remains static while others decline is quite useful as a hedge. Plus, as more people flee stocks and invest in gold, the price rises accordingly.

From investopedia

Because good is the Legend of Investment. I think It is the reason why Bitcoin cannot replace gold.

[Sentinel]

Maybe because your mind is still very traditional. In my opinion, not believing that Bitcoin can replace gold is the thinking of traditional people who are still not familiar with technology and digital investment. But I also understand the situation. Because gold existed long before Bitcoin existed. And gold has never been a disappointment.

[Quantum X]

Maybe because your mind is still very traditional. In my opinion, not believing that Bitcoin can replace gold is the thinking of traditional people who are still not familiar with technology and digital investment.

I would be happy if you can explain more about you knowledge of bitcoin and digital investment.

But I also understand the situation. Because gold existed long before Bitcoin existed. And gold has never been a disappointment.

This is what I meant too. And this is the traditional pattern that would never be remove and disprove.