Why I don't believe bitcoin can replace gold

[Octoalts]

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.

[jonathancool220]

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.

[Goblin]

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.

[Emircan]

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

[wahyudi]

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.

[Doctor]

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.

[Casual]

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.

[Trumpet]

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.

[msz900]

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.

[XM8]

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.

[Damrai5$]

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.

[0t3p0t]

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.

[Power]

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.

[Riktakhanom]

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.

[rizqillah]

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.