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Author Topic: Why I don't believe bitcoin can replace gold  (Read 13429 times)

Offline Bobcrypto

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Re: Why I don't believe bitcoin can replace gold
« Reply #90 on: December 27, 2020, 01:22:33 PM »
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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Re: Why I don't believe bitcoin can replace gold
« Reply #90 on: December 27, 2020, 01:22:33 PM »

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Offline Senin

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Re: Why I don't believe bitcoin can replace gold
« Reply #91 on: December 15, 2022, 02:57:50 PM »
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.

Offline KaliLinux

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Re: Why I don't believe bitcoin can replace gold
« Reply #92 on: December 15, 2022, 05:44:59 PM »
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.


Source

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.

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.

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.






Offline de_prof

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Re: Why I don't believe bitcoin can replace gold
« Reply #94 on: December 21, 2022, 03:12:49 AM »
 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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Offline elbans89

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Re: Why I don't believe bitcoin can replace gold
« Reply #95 on: December 21, 2022, 03:06:57 PM »
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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Re: Why I don't believe bitcoin can replace gold
« Reply #96 on: December 22, 2022, 06:53:18 PM »
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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Re: Why I don't believe bitcoin can replace gold
« Reply #96 on: December 22, 2022, 06:53:18 PM »


Offline Muneeb22

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Re: Why I don't believe bitcoin can replace gold
« Reply #97 on: January 06, 2023, 06:41:51 AM »
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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Re: Why I don't believe bitcoin can replace gold
« Reply #98 on: January 06, 2023, 03:26:43 PM »
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.

Offline Michael.sol

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Re: Why I don't believe bitcoin can replace gold
« Reply #99 on: February 01, 2023, 05:42:37 PM »
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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Re: Why I don't believe bitcoin can replace gold
« Reply #100 on: February 05, 2023, 01:40:46 PM »
It's just never going to happen, you have to understand that bitcoin is a currency that they wanted to ban everywhere.

Offline Justinmoon

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Re: Why I don't believe bitcoin can replace gold
« Reply #101 on: February 11, 2023, 05:05:55 AM »
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.

Offline chongjasmine

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Re: Why I don't believe bitcoin can replace gold
« Reply #102 on: February 24, 2023, 06:12:29 AM »
I think whether bitcoin might replace gold or not is irrelevant. Both are to be desired, and one is not better than the other.

 

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