Will bitcoin replace gold?

[Infinite Q]

In fact, this is a difficult question and it is not easy to predict anything. Because at one time, instead of gold, there were animal skins, shells, and so on. Therefore, it will not be easy to predict the future value of the value. The only thing is that this replacement does not happen soon, if it happens.

[altery0518]

I think bitcoin can not replace gold because in terms of their market valuve gold is very stable and is moving upward unlike bitcoin that it's market value is too volatile and it rapidly drops.

[verifyme]

Bitcoin will not replace gold. But bitcoin can be an investment solution that is easier, concise and profitable than gold. Because bitcoin has pretty good price fluctuations. And the change in value from year to year is high.

[Galactus]

First you must ask yourself how much money do you need to mining gold and bitcoin

[backfirst77]

Each has its own characteristics in the world of investment. So it cannot be said to be a substitute for gold. But bitcoin is a new alternative to existing investments other than gold. Indeed in terms of the value of bitcoin is greater than gold but the risk is also greater. So just choose which form of investment is suitable and according to the budget we have.

[onepiece]

Bitcoin can replace Gold. But if the safest is indeed safer Gold than Bitcoin, on the other hand Gold already exists and becomes a favorite of Investment starting in ancient times. So it will remain attached to the day of the world community. As for Bitcoin, you have to work hard to beat gold. Indeed, if for profit it is more profitable to invest in Bitcoin, but Bitcoin still cannot replace Gold today.

[Unknown]

I think that this is possible, but not now. Now at least bitkoinu need to recover to 15000 USD

I agree but price of bitcoin for this year was not bearish so I think it could take a decades to surpass the standard price of a 1kg gold atleast.

[whitemacna]

Well, I do guess that you are wrong. Gold has more effect in the physical world unlike btc. In fact, it has a higher price than BTC. Do not compare gold with Bitcoin. Because they are a lot more different.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.