Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Quantum X on November 13, 2020, 02:43:28 PM
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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
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Thanks for your information. But I don't know about the area you are referring to when you speak about bitcoin replacing gold in the future, but let me try taking a shot at some of the different possibilities and let you decide for yourself.
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Gold has become a global asset, surpassing any fiat because of its characteristics: limited supply, difficult to exploit, easy to verify, easy to split... However, many events have shown that gold also carries many risks such as it can be faked, such as the huge amount of gold in its reserves in China, or the cost of its mining is huge, even greater than Bitcoin.
I agree that Bitcoin still has a long way to go before it can replace gold as a store of value, even Bitcoin may never replace gold and they will exist together, but It can be seen that no one can fake the 21,000,001th BTC, and when 1 BTC = $ 1M, 1 sattoshi = 1 cent can still be used in daily payments.
I'm still waiting for the day all the gold in the world goes to electronic devices instead of being stored in warehouses :)
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Bitcoin, of course, can never replace gold. These are completely different and one might even say diametrically opposite financial assets in all respects. The high price volatility of bitcoin is just one of the significant reasons why bitcoin is not like gold and cannot replace it. Gold is characterized by high price stability. Gold will not disappear under any circumstances, and bitcoin can disappear along with the Internet under various cataclysms. Therefore, from other extinct civilizations, their gold reaches us, and not their bitcoins.
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It is clearly said that Bitcoin will never replace gold. Bth BTC and also gold have their own project and also investment. Actually, mycelium is what I have. And additionally about the safe haven, I think that both gold and lso BTC right enough
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I also don't believe if Gold will be replaced by Bitcoin because they are so different. Gold is a trusted asset for investment and it is a physical thing. While Bitcoin is a new digital asset and it is not a physical asset, it means it has a different field from Gold. How can they replace one another if they are not in the same category or not in the same field? ;D
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~But It can be seen that no one can fake the 21,000,001th BTC, and when 1 BTC = $ 1M, 1 sattoshi = 1 cent can still be used in daily payments.
Yes it is. And I like this brilliant idea. Yet bitcoin is an easy opportunity of scammers to make some kind of clever ways to scam people in virtual world.
I'm still waiting for the day all the gold in the world goes to electronic devices instead of being stored in warehouses
This is one of a kind. Well humanity has unlimited idea and capable to make it real. And so if this will happen that would be the greatest success of gold in the history.
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I think many people still believe in gold, becaus gold is global asset and more stable than cryptocurrency. Bitcoin can replace gold, becaue the volatility of bitcoin make investors worried. I think It is normal.
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How can they replace one another if they are not in the same category or not in the same field? ;D
What kind of field do you mean? gold or bitcoin are the same in function, only difference is that gold has a physical form while bitcoin is not, but that doesn't mean it's different.
If you mean as an alternative payment, bitcoin is not suitable as a means of payment because of long transaction times and quite expensive transaction fees, and for this, altcoins appear as an alternative payment while bitcoin is a digital asset.
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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.
Although bitcoin is just created asset, we can't deny the fact that unlike gold bitcoin is the first virtual asset and just a small period of time the value has jumped into an unexpected reward.
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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.
I think the simple reason why gold cannot replace Bitcoin is because not everyone in the world knows about bitcoin and not everyone has the equipment that supports bitcoin transactions.
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Why there should be any statement " BItcoin will replace Gold"? I personally love both of them, BTC and also Gold are worthy enough., they are very worthy for both trading and also investment. They have big value and they are also same limited. So, they have their chance to go uptrend again and again.
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Bitcoin is never able to replace gold, but we must know that bitcoin can beat the price of gold because until now the least supply is bitcoin so it is likely that the price of gold will lose.
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The fact is that the price of gold cannot fall or rise so sharply, but the price of bitcoin can fall in several times or rise in several times in a matter of minutes, and I think this is the main reason why gold is better for investments than bitcoin, but if you want make money quickly, then, of course, you can make money on investments in bitcoin much faster, but investing in bitcoin is much more dangerous than investing in gold.
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Gold has its own value, this is a real asset and of course, bitcoin can't replace it. Bitcoin was created it's not because want to replace gold.
I just don't know with people's minds why to discuss this. It's not relevant with bitcoin purpose
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Gold has its own value, this is a real asset and of course, bitcoin can't replace it. Bitcoin was created it's not because want to replace gold.
I just don't know with people's minds why to discuss this. It's not relevant with bitcoin purpose
Yes, I agree Bitcoin has been created for digital currency not for replace gold. Gold is remain gold, No coin can replace it's position. Gold is good for Investment, little risk , but It's also not profitable. For now, I think bitcoin is more profitable.
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Because these two investments are very different. The value of gold has been increasing over time, although it is slow. Meanwhile, bitcoin price continues to rise and fall. Even investing in bitcoin is uncertain.
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I also don't think bitcoins or any crypto currency would replace gold! first, Gold has its physical appearance that could be assess it's value base on the content of it. further, gold uses as a jewelry for us humans. while BTC or cryptocurrency is just a digital numbers represented with imaginary value that created base on human wants. the market dictates the price base on numbers and activity of Bitcoin or any currency in the marketplace.
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I believe It's impossible for bitcoin to replace other things like oil and gold because of it's decentralization. Do you think government will allow bitcoin to replace gold? How can a car run without gas and oil? What I mean is everyone of them have an special rule in our economy despite of their value. Also they have different features and uses , So Bitcoin will not replace any other thing.
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Gold was a long-standing attraction. Nowadays most people are attracted to time. However, if the position of Bitcoin is marked all over the world, then the position of Bitcoin is noticeable after gold. But I don't think Bitcoin can replace gold. Because gold has made a good position long ago. Gold and bitcoin are very valuable all over the world. Which can never replace each other.
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Today people are more attracted to Bitcoin. As attractive as Bitcoin is around the world, Bitcoin will never be able to replace gold. Because gold has already taken place in people's minds in a good position. Gold will never let anyone else come to its place. But the gold that is valuable to the forest people is valuable to the bitcoin people. Bitcoin is more valuable than gold than me.
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Today people are more attracted to Bitcoin. As attractive as Bitcoin is around the world, Bitcoin will never be able to replace gold. Because gold has already taken place in people's minds in a good position. Gold will never let anyone else come to its place. But the gold that is valuable to the forest people is valuable to the bitcoin people. Bitcoin is more valuable than gold than me.
Metal always constant in nature with price and availability but bitcoin is a virtual cryptocurrency but it has no acceptance throughout the world. People are involving bitcoin but if governments of all countries are allowing Bitcoin then it can easily talk about bitcoin that better than gold.
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Governments in most countries are not aware of bitcoin. As a result, bitcoin is not approved in most countries. As a result, the spread of bitcoin cannot be accepted by the governments of all countries. However, gold as a metal is known in all countries and has a lot of use. Gold is popular all over the world. More and more people prefer to buy gold. But I don't think gold and bitcoin are rivals. Bitcoin is known as an online currency, which has no external form. However, gold has an external form.
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I believe Bitcoin can replace gold. However, it will take much longer to replace Bitcoin gold. Gold has been a precious metal to humans since ancient times. But Bitcoin is an online currency. So people all over the world don't know much about bitcoin yet. All the people of the world know well about gold. But in the future, everyone will know about Bitcoin. Now maybe Bitcoin will be able to replace gold.
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Bitcoin will never be able to replace gold. People have been using gold since yesterday. As the population grows, so does the use of gold. Many people nowadays do not have knowledge about Bitcoin. So while Bitcoin is much more popular around the world, there are many people who do not know about Bitcoin. But all people know about gold. And uses large quantities of gold. So gold is common all over the world.
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Gold is a precious metal. Gold is known as a very precious metal to human beings. There are many traders who stock gold. Gold is much more familiar than Bitcoin. But gold is valuable to people as a metal. But Bitcoin is valuable as an online currency. So the two have different positions. But I think Bitcoin is valuable as a currency.
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well, I think bitcoin can never beat gold because until now only bitcoin has a high trading volume and can provide a lot of profit.
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I just don't know with people's minds why to discuss this. It's not relevant with bitcoin purpose
We are free to think and speak up every idea we have particularly in this kind of forum where every topic is possible to talk about.
That is why the topic of the comparison of gold and bitcoin is normal and the discussion puts no limit since this two big things are both top valued in their different dimension. It is about the real most valuable natural product and the king of digital fund.
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I agree with that! Gold is a really worthwhile asset, and bitcoin today is an object of manipulation for whales, and until it is distributed among users relatively equally, we will see constant manipulation of the bitcoin price and new profits for large holders and losses for hamsters (
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Bitcoin will never be able to replace gold. Because gold is a very common metal. People all over the world use gold. However, not all people in the world use bitcoin. There are many countries that don't know about Bitcoin, but they do know about listening. So I think gold is much more popular all over the world, whose popularity cannot be underestimated.
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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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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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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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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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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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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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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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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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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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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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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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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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I think almost of all comments at this thread said bitcoin cannot replace gold. Because almost of all investor prefer and believe d gold than bitcoin. Gold is more popular and old asset for investing.
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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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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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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.
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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
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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.
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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.
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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.
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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.
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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 (https://www.worldcoinindex.com/news/after-jpmorgan-deutsche-bank-survey-finds-investors-choosing-bitcoin-over-gold)
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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.
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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.
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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.
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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.
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That is an excellent explanation of the difference between the two, thank you!
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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? ;)
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Many people around me think that Gold is the best investment, when I say that Bitcoin is the best they don't believe it. But after I told him about the change in the price of Bitcoin which could go up very quickly as what happened at this time they were very surprised. What are they saying ? Maybe this Bitcoin will replace Gold! I told them, Bitcoin and Gold are different, incomparable from one another. Bitcoin and Gold will function as their respective uses. It's just that Bitcoin has the advantage of very fast price changes.
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I don't think Bitcoin will be able to take over Gold.
The difference between these two is between water and land.
Water vehicles cannot be used on land, for example a ferry cannot be used on land.
But the two of them can collaborate wisely, for example, by using the third pihka, namely Amphibian or exchange.
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We all believe Bitcoin will one day take the place of gold. Bitcoin will be valued more than gold. Bitcoin is currently the most supported. Bitcoin's popularity continues to grow day by day. Bitcoin will take the place of gold in the next few years.
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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
Depending on each person, choosing a different investment direction, gold and Btc always are your choices and no one forces you to choose which path to choose. Every decision is up to you and I choose BTC that is my decision
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believe it or not, until now gold has been known as the best safe haven asset, but Bitcoin, which has important characteristics as a store of value and scarcity, can potentially replace gold in the future, when digital technology becomes more sophisticated.
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So am I, I also don't believe bitcoin can replace gold. Gold is old Investment and most popular at the world. I think for the few years again, digital currency cannot replace gold for Investment. Almost of all people at the world believed in gold than bitcoin.
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In fact, I have seen that people have the most faith in gold from Bitcoin. The reason is that if you can invest in Bitcoin, then there is a possibility of a huge loss from time to time. And may benefit again. Many people do not want to take such a rickshaw. That's why I prefer to invoice on gold.
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Thank you so much to share a good information.It is very knowledgeable news for every person.beacuse Manny members are things gold and bitcoin are same.
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Thank you so much to share a good information.It is very knowledgeable news for every person.beacuse Manny members are things gold and bitcoin are same.
Bitcoin can never replace the Gold and they have their own identity and usage. Gold is more stable than the BTC because if BTC down to $1 then there is no chance Gold will be also available in $1/12 gram.
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I are absolutely right. I think bitcoin and gold is deferent assets. Gold is permanent and bitcoin is vertual.you think you buy some gold and some bitcoin and hold two assets I think you Know bitcoin is more risky than bitcoin.So it's that bitcoin and gold is deferent assets.
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In fact, we all believe that gold has a safe haven and its price is stable. If it increases, it does not get too much. When it decreases, it does not get too much. That's why everyone loves to invest in gold.Bitcoin is a digital currency but its popularity is all over the world. Its price is many times higher than gold. In fact, whenever we see that the price of Bitcoin is stable, everyone will believe in Bitcoin like gold.
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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
The fact that Bitcoin and Gold has different in nature neither can replace each other in terms of usage but in price they will. Though in terms of investment acquiring one of the two will make any sense and having both will be a wisest way to diversify.
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In my opinion Bitcoin can't replace gold. When it comes to transparency, Safety and legality there is a huge gap. But of course both gold and bitcoin have very liquid markets where fiat money can be exchanged for them. One major concern when it comes to Bitcoin is volatility. So I think bitcoin can't replace gold, though bitcoin is called digital gold.
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I don’t believe Bitcoin can replace gold there is a huge difference between the two bitcoin is gaining popularity in the world of crypto and its value is slowly being used in many parts of the world but it is not possible to replace gold is controlled by the central government of the country.
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Gold has its own value, this is a real asset and of course, bitcoin can't replace it. Bitcoin was created it's not because want to replace gold.
I just don't know with people's minds why to discuss this. It's not relevant with bitcoin purpose
Exactly..
Bitcoin and gold are different thing. As you said gold is a real asset, most popular and almost all of people know about gold. Bitcoin is digital asset, It is the future currency and future technology. Bitcoin is not popular as gold. I don't believe bitcoin will replace gold.
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I think that the time of Gold is gradually demishing in terms of adoptions and marketcap. The bitcoin marketcap is increasing on the daily basis, a level achieved within 10years of it's existing. Gold has not grown within this short space of it's existence, and the adoptions of gold in recent time can't be compared to the bitcoin.
It had to conclude that bitcoin will replace gold but anything can happen, no body knew that bitcoin will develop to this level, and more records will be created in few years to come. In opinion, bitcoin is capable to replace gold but may be in near future.
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I think that the time of Gold is gradually demishing in terms of adoptions and marketcap. The bitcoin marketcap is increasing on the daily basis, a level achieved within 10years of it's existing. Gold has not grown within this short space of it's existence, and the adoptions of gold in recent time can't be compared to the bitcoin.
It had to conclude that bitcoin will replace gold but anything can happen, no body knew that bitcoin will develop to this level, and more records will be created in few years to come. In opinion, bitcoin is capable to replace gold but may be in near future.
No, bitcoin or another cryptocurrency can never replace gold. Not only are gold and bitcoin different from each other, they are exact opposites in every way, except, of course, their high cost. Given this, they may well complement each other if they are destined to exist for a long time.
Cryptocurrency still needs to prove its ability to last, and gold has long proved this.
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I think that the time of Gold is gradually demishing in terms of adoptions and marketcap. The bitcoin marketcap is increasing on the daily basis, a level achieved within 10years of it's existing. Gold has not grown within this short space of it's existence, and the adoptions of gold in recent time can't be compared to the bitcoin.
It had to conclude that bitcoin will replace gold but anything can happen, no body knew that bitcoin will develop to this level, and more records will be created in few years to come. In opinion, bitcoin is capable to replace gold but may be in near future.
(https://i.imgur.com/2iHCVmF.jpg)
Source (https://www.longtermtrends.net/bitcoin-vs-gold/)
I understand we all like Bitcoin as we are all making money from it now but it is surprising that people didn't feel this way about Bitcoin just some years ago.
Laszlo Hanyecz spending10,000 bitcoins for two Papa John's pizzas in 2010. (http://businessinsider.com/national-bitcoin-pizza-day-celebrated-crypto-laszlo-hanyecz-fans-2021-5?r=US&IR=T)
and
Shiksay “Sziky” Miklos ]Shiksay “Sziky” Miklos left a comment for Sports.ru about participating in the AoV iCCup StarLeague. At the tournament, the cybersportsman took 5th place and received 25 bitcoins. Then they were valued at $ 41.
“I don’t remember everything, but I definitely didn’t take bitcoins. Perhaps he asked to pay me 40 dollars, ”said the Hungarian player. (http://world-today-news.com/sziky-on-the-bitcoins-won-at-the-2011-starcraft-tournament-i-didnt-take-them-i-asked-them-to-pay-me-40-games/)
You see what happened in these two instances, spending 10k Bitcoins just for two Pizzas and collecting $40 instead of 25 Bitcoins.
But today Bitcoin is Valuable and we believe it can replace Gold that has been in existence for centuries now. Bitcoin might be more profitable but we don't know if it will exist for centuries to come but, we can say Gold will so Bitcoin replacing Gold is not happening.
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Several people said bitcoin is digital gold.
I think both are different platform
As phisically, we know gold is good asset.
But , bitcoin is the best digital asset.
I think bitcoin never replace gold.
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I think bitcoin could replace gold at the digital era
I agree with this opinions above.
Maybe at the digital era, every thing will be crypto.
It might be happen at the coming years again.
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In my analyzing, I think bitcoin will replace gold at the coming future.
Gold is more stable.
Bitcoin is more profitable.
I think investors will prefer to invest in bitcoin.
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I am new to the form, but I have learned a lot by reading your post. Also, I have learned many things. I hope you will help those who are new to the form by posting such posts
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Bitcoin will give you good profit than the gold because this time in the market if we start to make the money it take so much time but in the crypto market we can make good money in a short time and so many peoples will change their life like this, so gold buying is not the good option juts but the BTC and hold that and already BTC will replace the gold in business.
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The cryptocurrency market and the stock market are very different. The cryptocurrency market is much more volatile than the state, most traders have left stock trading for the crypto market.
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Honestly I didn't think that bitcoin is able/capable to replace gold . Bitcoin is king of crypto market and gold is for stock .
As physically gold is really good asset and digitally bitcoin is good . Both are there own usecase and we can't compare gold with bitcoin and vice versa .
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It's just never going to happen, you have to understand that bitcoin is a currency that they wanted to ban everywhere.
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All though I think BTC is primed to beat gold in the near future and become one of the top accepted digital currency globally, but it still cant replace the USD to lead the world markets.
Actually, the us dollar moves the entire markets such as gold, btc, stocks, etc. and governments wont let anything replace that. Market pumps and recession everything happens based on the USD.
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I think whether bitcoin might replace gold or not is irrelevant. Both are to be desired, and one is not better than the other.