Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Vietchong on August 08, 2020, 04:07:54 PM
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In these times of turmoil, Gold is reaching new ATHs in price. But Bitcoin doesn't leave behind. With a limited supply of only 21 million coins, hardened security, and a focus on decentralization, Bitcoin is often viewed by many as the successor of Gold. One of Bitcoin's greatest benefits on top of Gold, is portability. You can virtually carry your Bitcoin with you safely when travelling, without anyone noticing. That's not the case with Gold, as you'd need to carry physical bullion with you. Other than portability, Gold and Bitcoin are very much alike.
Do you think that Bitcoin will be able to replace Gold someday? As we shift into the "intangible" world, people will "ditch" physical stuff in exchange for digital items. Bitcoin can become the new digital Gold which serves as a safe-haven asset (store of value) in times of need. Thoughts? ::)
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There is actually no point of Bitcoin replacing gold as they are all different assets and can be able to co-exist in the marketplace. There are use of gold that Bitcoin can't do and vice versa. Why do you think gold is rising right now if its future is perceived to be doomed because of Bitcoin? These two assets are to increase their value due to demand and known many uses and benefits.
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It's already replacing, more valuable and reaching highs faster than gold nowadays, it's better to buy BTC than Gold today :) and the possibilities of profit will be higher too
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I think Bitcoin will never replace gold, this is a different investment, friends. History has proven that technology can be destroyed, as well as blockchain technology. whereas gold is an asset that belongs to our earth and cannot be destroyed before this world ends.
Sorry if my answer is a little out of discussion.
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I doubt if Gold will replace Gold totally since it is impossible in my opinion. I think Bitcoin is only the alternative or another option for payment tool. As Bitcoin is only used in digital world, not in real life, it will be difficult to have a single currency like Bitcoin.
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If Bitcoin reaches a large enough scale and is widely accepted as a viable alternative to gold, silver, or the national currency as a store of value, the cryptocurrency will have a bright future. . If not, it will go to zero. The same goes for many other cryptocurrencies, and hundreds of them have collapsed and burned.
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It's still very difficult to see Bitcoin and cryptocurrencies alongside the mountain of gold. One can see a relative shortage of silver, but while modern miners are mining 10 times more silver per year than gold, gold is almost 90 times worth.
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No it will not happen. although there are few similarities between them gold still differ from bitcoin. Bitcoin focus in codes and algorithms while gold focus on treasure and always minable in different places. Gold is actual, bitcoin is binary code in cashless society.
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Of course, neither Bitcoin nor any other decentralized cryptocurrency will ever replace gold. There will always be a need for gold as a store of value, payment. Not everyone will accept digital currencies. They are, after all, more based on trust than physical value.
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If Bitcoin reaches a large enough scale and is widely accepted as a viable alternative to gold, silver, or the national currency as a store of value, the cryptocurrency will have a bright future. . If not, it will go to zero. The same goes for many other cryptocurrencies, and hundreds of them have collapsed and burned
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I hope this happens soon, because according to research, the cost of creating BTC is cheaper than gold in terms of the same value. The workers and the environment are also not exposed to the same high risk as gold mining.
And as the story of a few months ago, the 2B USD worth of gold in the reserves of a fund in China is fake gold, BTC cannot be forged or manipulated.
Obviously BTC is better than gold, and even better if the mining energy problem is solved.
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Neither Bitcoin nor the crypto market can get anywhere close to the multimillion dollar worth of gold, bonds and stocks. Investors are looking for stable and better assets to put their money in any of the three larger asset classes Bitcoin, not to mention alternatives like real estate or owning a business. only me.
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I hope this happens soon, because according to research, the cost of creating BTC is cheaper than gold in terms of the same value. The workers and the environment are also not exposed to the same high risk as gold mining.
And as the story of a few months ago, the 2B USD worth of gold in the reserves of a fund in China is fake gold, BTC cannot be forged or manipulated.
Obviously BTC is better than gold, and even better if the mining energy problem is solved.
It's not about the cost of mining gold and bitcoins. First of all, it is a matter of public confidence. Decentralized cryptocurrency is still used and intend to use a relatively small percentage of society. At the same time, even if they use cryptocurrency, they will use both fiat and gold in parallel. A significant part of the world's population will never give up gold as a measure of value and a means of payment. Therefore, Bitcoin will never replace gold. You can only count on the circulation of bitcoin and other cryptocurrencies along with gold.
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I think in the future BTC can completely replace gold in the matter of hoarding or trading with great value.
According to a previous study, the cost of mining gold is greater than mining BTC, and also more dangerous to the environment & human health/life than BTC.
However, in order for BTC to achieve such widespread acceptance, the crypto community needs to act harder and harder to change the perception of 7 billion people about BTC & cryptocurrencies.
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I never assume that gold is replaced by bitcoin or any other Crypto currency . But we can say Bitcoin is most popular as well alternative coin of gold .
Still their is alot of invester who continuous work with gold , but trend for bitcoin also increase day by day .
I never work with gold because I think this is still profitable if I work with bitcoin.
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What do you mean Bitcoin will replace Gold ?! Bitcoin is a digital item while Gold is a real item that is widely used for jewelry. For investment, Bitcoin is better than Gold and Bitcoin has replaced gold. Bitcoin's price can jump higher faster. Of course this will make us able to get money faster.
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once again, Bitcoin will never replace gold...
gold have physical whereas Bitcoin is not, and gold is still a symbol of the welfare of the general public, while Bitcoin has not received public recognition.
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In terms of price, i can agree that bitcoin may become much more expensive than gold, but in terms of existence, gold will always exist and people will always invest in it as a means of diversification, bitcoin and gold will always exist side by side
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I think Bitcoin is difficult to replace by any coins. Bitcoin is a strong coin and it is like the father of all crypto coins. We cannot have other coins with the same history and the same big role as Bitcoin. Even Ethereum doesn't have the capacity as Bitcoin has.
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Btc and gold are different, Gold is not only an investment or value reserve, but gold is also used in the electronic industry and more, we can't compare since those are completely different things, as money bitcoin is really better than gold.
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I do not really see a time when people will be rejecting gold over Bitcoin. These are two important investment tools and I am sure that in the near future they will still be existing side by side. Gold has many uses that Bitcoin can not offer and vice versa. In fact, I am sure that there are investors who are already both into gold and Bitcoin. There is actually no reason why one has to replace the other when they can be good choices for safe haven. This is the reason why gold has been rising in value at the same time when Bitcoin is also getting bullish. This is just a matter of preference.
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I think it's NOT, Gold will stay no matter what happens because Gold can survive any type of disaster even the Earth is going to melt the Gold will stay forever but Bitcoin is just a manmade technology base asset which has also a store of value (SoV) but Bitcoin still relying too much on man-made technology and help that makes Bitcoin more vulnerable compare to Gold thats why Gold will remain as the standard of all assets.
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Already now, Bitcoin creates a huge competition for gold with its popularity and demand, and in the future I am sure that a lot of people who have invested in gold will start investing in Bitcoin, but gold will also be popular as it is now.
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As of now, Bitcoin investment is not better than Gold, If you buy 1 btc. Maximum you can profit .1-.2 btc. Of course this will make us able to get money faster. Gold is also used in the electronic industry and more.
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Bitcoin is not designed to replace Gold, it was created to give solutions in terms of financial common problems of everyone.
Gold is very important actually for every country. In fact, Bitcoin in my own understanding can be a good help as well into Gold to tell you honestly speaking.
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I don’t think that cryptocurrencies will ever replace gold, for a number of reasons. For one, cryptos are strictly forms of currency, whereas gold has other time-tested applications, from jewelry to electronics.
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In my opinion, currently Bitcoin is able to beat gold. Lots of people have moved from investing in gold, towards bitcoin. Because indeed in terms of profits, of course it would be better to invest in bitcoin. Because gold price movements are also very slow. Even though investment in gold has continued to increase in value. But we can't get multiple profits in just a short time. The only one who can do this is bitcoin.
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No way because gold is a metal substance which has very much popularity and acceptance all over the world and it has a golden support by government and central banks. But bitcoin has no acceptance all over the world only few countries are using bitcoin as their transaction system.
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The achievement of new gold ATH has made many precious stone investors sell their gold and the current price trend in the gold market is experiencing a slight increase, if we compare it to Bitcoin, I think the price of Bitcoin is higher than gold, the increase in the price of bitcoin has set a new record and remains in over $ 10k, if this price continues, I'm sure bitcoin can hit a new ATh in 2021.
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I don't think so. Both assets are instruments that are of difference financial importance and direction. But bitcoin would definitely attain more global recognition
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I think this is unlikely to happen, because gold is a metal that is slowly pumped, but the bitcoins will always be in circulation.
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Bitcoin is a currency that helps currencies reach the pinnacle of growth. But the popularity of Bitcoin increases even more when the price of any other currency is higher than that of Bitcoin. Because no matter how expensive other coins are, people don't believe them. who trusts bitcoin. So I think the popularity of Bitcoin is going to increase day by day. Bitcoin has come to be the king of the market, it has remained the king. The market value of Bitcoin will increase many times over.
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Of course, gold as a measure of value and a means of payment has already been used for thousands of years and will probably be used even less in time. Cryptocurrency has been around for a few moments compared to gold. Therefore, it should not even be compared with gold, especially since these are financial assets that are almost opposite in all respects. Therefore, cryptocurrency will never replace gold. Yes, she is simply not capable of this.
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it is possible to be a digital money alternative more suitable in my opinion. for gold and btc comparison I think it's been very different.
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Bitcoin has no reason to replace gold. I don’t think there is a reason for Bitcoin to replace gold. Because gold will not be replaced, there will be use of gold. Bitcoin can't keep gold down. No matter how expensive Bitcoin is, gold will continue to be used. Bitcoin is Precious At the present time, people are interested in investing in Bitcoin. But I think it will not be possible to replace the use of gold. These two together will further increase the price.
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for gold and btc comparison I think it's been very different.
I agree with you, they won't replace each other. Gold is a physical asset for traditional investment, while Bitcoin is a digital asset for a modern investment. Both are needed, and I think they will survive last long because people need both as their choices to get profits. We don't need to imagine one of them to disappear, it won't happen bro!
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It impossible for Bitcoin to replace Gold someday because they have different characteristics and comparing the two assets will be an injustice to one another. I think what's important now is making Bitcoin great not doing a comparison.
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If the bitcoin is reached on the barrack scale and is used on the same scale as the gold, silver currency, then the cryptocurrency's enlightenment is required.
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I don't think Bitcoin can replace gold. Because Bitcoin is as valuable as gold, Bitcoin is valuable but gold is also valuable, things used by people are valuable. I think the popularity and demand of Bitcoin has started to increase day by day. But people use gold, so gold will continue to be used. Gold will be used in this way in the future. So I don't think Bitcoin can replace gold. The two together can further enhance its prestige and price.
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I think this is unlikely to happen, because gold is a metal that is slowly pumped, but the bitcoins will always be in circulation.
This is not only unlikely, it is impossible in principle. Bitcoin cannot replace gold. These are completely different financial assets that are more opposite in their qualities than have anything in common. No cryptocurrency will ever replace gold. From the history of mankind, we know only about gold, something has not been heard about cryptocurrency. Meanwhile, history repeats itself in many ways.
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You are right in all your words but still I disagree. Bitcoin price is volatile compare with gold and in order to replace gold bitcoin should have to have a value greater than gold which is the thing that is impossible to happen to all cryptos in digital world.
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If bitcoin would be number one acceptance cryptocurrency in globally then bitcoin can replace gold.
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Bitcoin is a modern investment with internet technology that does not have a real form, but has very high fluctuations in price changes. While gold is a real item that has the same form and can be used as an investment. Many people choose Bitcoin because of its fast price changes and can get faster profits, but many people are afraid of investing in Bitcoin because of this high price change, they are afraid the price will drop drastically.
So I don't think Bitcoin will replace gold in the future, because people won't throw Gold that has its real form turning to Bitcoin. Bitcoin and Gold will be two investments that will live together, because they have different fans.
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Gold and cryptocurrency assets like bitcoin are different in my opinion although in some ways they are similar in some aspects. but gold is something which cannot be renewed and has a rare value and prestigious value. The basic logic is when gold cannot be added with asumi a fixed supply, and when demand increases, the price will automatically continue to increase. This applies to bitcoin where the supply and circulation is constant but demand continues to increase, the price will increase every time
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it could be that bitcoin will replace GOLD, but currently there are still many people who don't know what bitcoin is, only certain people who understand and know how to get bitcoin itself,
so in my opinion bitcoin is still in doubt to be able to replace Gold in the future
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As the world turns more digital, crypto's pioneer asset Bitcoin could take on gold's store of value role, according to the CEO and co-founder of Digital Assets Data, an analytics firm.I see Bitcoin replacing gold as the hardest money for savers with long time horizons," CEO Mike Alfred told Cointelegraph. "Young people are far more interested in Bitcoin in a world where the economy becomes increasingly online and virtual," he added. So in my perspective It can be replace of gold.
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Bitcoin is precious and Bitcoin is considered the successor to gold. There is no doubt that Bitcoin can replace gold. Where gold is in our world and where Bitcoin is now. So I think with Bitcoin people can exchange digital items or exchange digital currency. It is a new discovery in our world. This is a new invention in technology. So the biggest and biggest member of the blockchain is Bitcoin. Bitcoin is one of the best digital currencies. Bitcoin has become the safest and most resourceful of digital currencies. People have been able to think for a long time that Bitcoin will be a valuable currency for them in the future. So people are ready to invest. But the current people do not want to buy gold. People are becoming more and more important as transactions with various cryptocurrency currencies become more widespread and demand in the commercial field increases.
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Bitcoin is certainly valuable but not like gold. Bitcoin would be worth listening to if different countries around the world regarded it as a universal currency. Bitcoin has no specific criteria, it fluctuates with liquidity, but the demand for gold is becoming a valuable mineral in many countries around the world. Moreover, if the central bank uses Bitcoin in their transactions, then Bitcoin will one day be more valuable than gold.
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I think Bitcoin can beat gold right now. Many people turned to bitcoin from investing in gold. Because really in terms of profit, of course it would be better to invest in bitcoin. Because gold price movements are also very slow. Although the value of the investment in gold continues to increase. However, we cannot make more than one profit in a short time. The only one who can do this is bitcoin and it is currently heading towards the top.
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Bitcoin and gold have different function and role in market, replacing is not a right term for me, you can use bitcoin to buy gold and use gold to buy bitcoin they can be use in that same manner.
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Just wait for the next peak of bitcoin which can be achieved in the first half of 2021 and then you will see everyone rushing to bitcoin and crypto and gold will become a lavk lustre investment, i do not know why people cannot see the potential and jump in when prices are low.
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Bitcoin will never be able to replace gold. But again gold will never be able to replace Bitcoin. However, different people have different comments on this issue. I think they will improve a lot from the position of gold and bitcoin. However, most people are more interested in buying bitcoin or holding bitcoin instead of time. So just as gold is known worldwide, Bitcoin is becoming more and more known. The motions of the earth are worth gold. Bitcoin also has a lot of recognition and popularity.
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No, it is different. Gold is a stock that is always included the worth. I personally love BTC and also Gold. They may be a very worthy investment, especially for the long term. However, they need to be themselves where they cannot replace each other. rather than replacing each other, I think that it is better they focus on their pricing and rate
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I don't think so. It is true bitcoin is really gaining much attention of the world and investors are coming as it shown in the survey but gold is a product that the value will never lost so I unlike bitcoin that is why it's hard to believe that.
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Bitcoin was created to be an asset with an intrinsic value and transferred value between two or more people. Bitcoin is limited with a total supply of 21 million that will be ever created as a digital currency. You see why we cannot compare gold and Bitcoin?
Bitcoin was created the last 10 year and today, the price has outperformed gold that has been existence.
I will hold Bitcoin any time, any where any place.
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Bitcoin was created to be an asset with an intrinsic value and transferred value between two or more people. Bitcoin is limited with a total supply of 21 million that will be ever created as a digital currency. You see why we cannot compare gold and Bitcoin?
In some aspects Bitcoin and Gold are actually the same, but on the other hand Bitcoin and Gold are very different.
The price of bitcoin is purely formed due to market demand, while gold is very different, the price of gold tends to rise because it is scarce and difficult to mine, and not everyone can afford to mine gold.
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For bitcoin investors, maybe now bitcoin is able to replace gold. even many crypto players think bitcoin is better than gold. Because it will be faster to benefit from bitcoin than gold.
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Maybe yes and maybe no. It can be a substitute for people who are familiar with bitcoin and explore the pros and cons of bitcoin investment because we know for bitcoin investment we need supporting equipment, especially internet access. But for people who are not familiar with bitcoin, they will prefer investing in gold because they don't need equipment and internet access, especially, just by going to the local market so we can buy and sell gold.
Therefore, in my opinion, bitcoin replacing gold maybe can or may not happen.
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No. Bitcoin is digital investment intangible asset. Gold is a natural resources that tangible. Gold mining industry will remain due to human affliction of Gold jewelries. We cannot wear Bitcoin. Bitcoin and Gold will remain as long as human race is alive.
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I think this will very likely happen. Where technology is increasingly sophisticated, and many people are getting smarter in investing. of course, traditional methods such as investing in gold will begin to be abandoned and switch to online investments such as bitcoin.
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These are different things and they are not interchangeable. Gold is used in various spheres of life. Bitcoin is only a digital code. Both gold and bitcoin have the right to exist as assets.
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I don't think Bitcoin will replace gold, don't forget that gold still has other uses, especially it's demand for jewelry and some other traditional uses.
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You are right bitcoin will never be able to replace gold bitcoin is more in demand than gold although the country's economy has plummeted due to the current corona virus it has had an impact on gold but not on bitcoin. The current epidemic has pushed up the price of bitcoin in that case bitcoin is more valuable than gold.
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I even thought that bitcoin could replace gold at this point. Because indeed I myself really like bitcoin rather than gold. The difference is that gold is officially supported by the government. Meanwhile, this crypto is more independent.
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In my Opinion, it will not replace the gold in any physical point right now but can be achieve with the value. The value of the gold will be in the same range but again will not replace the gold in the market.
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Someday is a hypothetical word which we can say that any rumors is just normal but we have to understand that as long as it is hypothetical we can't hold on it right now. Besides gold value is stronger than bitcoin that is why if my comment will be base on its current value I can say that it is impossible for bitcoin to do that.
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Gold has been in great demand since ancient times and is considered a resource. But it is currently being evaluated instead of Gold. Because it is now being used as an asset at the highest price. Being digital it has many advantages over saving it.
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Bitcoin will not be able to replace the role of gold, which has been used for thousands of years to preserve wealth. However, bitcoin can go hand in hand with gold as an investment instrument in the market.
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I do not think so. because the world is so big. and there are many countries. There are still so many places on the internet that digital cannot reach that you cannot imagine. gold never loses its place. bitcoin cannot replace gold. I think so.
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Bitcoin will certainly be able to replace gold in the next world. Nowadays people do not want to buy gold because the educated people who are present are interested in investing. These investors prefer Bitcoin but more. They do not want to buy gold. People prefer to buy bitcoin instead of gold. The current bitcoin is very valuable which can be many times more. So many people think that Bitcoin will replace gold in the next world. I also agree with them. Gold will be precious in the next world.
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I don't think so. In what way Bitcoin can replace gold? They are too different, Bitcoin is a digital asset, while gold is a physical asset. In my opinion, they cannot replace one another. Both are needed for the human economy, we don't need to replace one of them. It is not something to have bad impacts on human life. So, we don't need to lose one of them, just keep using Gold and have Bitcoin together.
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I don't think so. In what way Bitcoin can replace gold? They are too different, Bitcoin is a digital asset, while gold is a physical asset. In my opinion, they cannot replace one another. Both are needed for the human economy, we don't need to replace one of them. It is not something to have bad impacts on human life. So, we don't need to lose one of them, just keep using Gold and have Bitcoin together.
I agree with you too bro. Both are currencies, but there are differences between them. therefore both will always exist in their separate worlds.
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I think Gold will still be chosen more by the wider community, and Bitcoin is only certain people who want to be active in it. So it's unlikely Bitcoin will replace Gold!
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Gold won't be replaced, it even becomes more popular to change Fiat. Actually Gold and Bitcoin have the same purposes, it is to replace fiat. But we don't know what will happen in the future, it can be reached or not. I think Gold and Bitcoin will survive together because they don't against one another.
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It's already replacing, more valuable and reaching highs faster than gold nowadays, it's better to buy BTC than Gold today :) and the possibilities of profit will be higher too
It will not replace gold buddy, they both built in different dimensions. When it comes to performance, you have to give it to bitcoin but gold is gold because its regulated and fully centralized. Watch how Bitcoin will behave if countries want to fully regulate it.
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In these times of turmoil, Gold is reaching new ATHs in price. But Bitcoin doesn't leave behind. With a limited supply of only 21 million coins, hardened security, and a focus on decentralization, Bitcoin is often viewed by many as the successor of Gold. One of Bitcoin's greatest benefits on top of Gold, is portability. You can virtually carry your Bitcoin with you safely when travelling, without anyone noticing. That's not the case with Gold, as you'd need to carry physical bullion with you. Other than portability, Gold and Bitcoin are very much alike.
Do you think that Bitcoin will be able to replace Gold someday? As we shift into the "intangible" world, people will "ditch" physical stuff in exchange for digital items. Bitcoin can become the new digital Gold which serves as a safe-haven asset (store of value) in times of need. Thoughts? ::)
Gold is a type of commodity that has real value and physical form. Also, that is not just money it has many use cases. People use gold to decorate themselves and even it uses to make many digital devices. So there will be a value of gold even BTC became the main payments methods. So they can co-exist.
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If you look at the history of both, Gold was created from overflowing volcanoes, while the blockchain was created by Satoshi Nakamoto to be able to store all transaction data from Bitcoin, from here both of course have different and different purposes in the future.
I don't expect Bitcoin to replace gold because they are both completely unique and I think Bitcoin will hit a new ATH when more people use it.
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Bitcoin has an advantage in terms of investment value compared to Gold, Bitcoin price can go up very high in a short time and that has never happened to Gold. However, gold is still widely chosen, because besides being able to invest, gold can also be made for jewelry.
Actually Bitcoin and Gold are two different things, so they cannot replace each other.
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Actually, in my opinion, the only thing that Bitcoin and gold have in common is that these two things are highly valued and have a limited number in the world. But otherwise, Bitcoin and gold have different weight categories and functionality. It is also necessary to take into account not only the technical qualities of Bitcoin, but also the physical characteristics of gold, thanks to which gold is used in various areas of high technology, and which cannot be replaced by any substance from the entire periodic table.
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I don't know what people think about Bitcoin. I have no value for gold. Because I trust Bitcoin the most. It is possible to make the most profit by investing in Bitcoin. So I think Bitcoin can replace gold. Bitcoin is precious. That's why I always prefer Bitcoin. However, I am definitely in favor of holding bitcoin. Because if Bitcoin is kept for a long time, the amount of profit is higher.
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Gold and bitcoins are totally different assets that can co-exist in the same marketplace. Bitcoins are generally the "digital money" of the digital world, while in the physical world, gold exists naturally and is mines from the earth crust with a low volatility and high liquidity feature. So this two commodities cannot breach their individual worlds to contest but rather used as an alternative to one another.
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Some people think that Bitcoin can replace gold. However, my personal opinion is that Bitcoin will never be able to replace gold. Both Bitcoin and Gold will remain in the market. Both will be valuable to people. Bitcoin and gold will make people feel valued, more interested in buying these. So I think Bitcoin will never replace listening. Both will remain in their own place.
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Gold is a real stock and it has also limited value. This is holly worth investing in because it is very valuable. But on the other hand, Bitcoin is also a worthy investment where we can gain big profits in a shorter time compared to GOLD. But in this case, we can see that the two should be here forever, we cannot compare two of them because they are all worthy. And none will replace the other
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I think it is not true if Bitcoin will replace Gold someday. What for? How it can be? Gold has nothing to do with crypto existence. Gold is a physical thing and not a competitor of digital assets. Even if there is digital gold, but it has its own world. Bitcoin and Gold should survive together in the future.
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In these times of turmoil, Gold is reaching new ATHs in price. But Bitcoin doesn't leave behind. With a limited supply of only 21 million coins, hardened security, and a focus on decentralization, Bitcoin is often viewed by many as the successor of Gold. One of Bitcoin's greatest benefits on top of Gold, is portability. You can virtually carry your Bitcoin with you safely when travelling, without anyone noticing. That's not the case with Gold, as you'd need to carry physical bullion with you. Other than portability, Gold and Bitcoin are very much alike.
Do you think that Bitcoin will be able to replace Gold someday? As we shift into the "intangible" world, people will "ditch" physical stuff in exchange for digital items. Bitcoin can become the new digital Gold which serves as a safe-haven asset (store of value) in times of need. Thoughts? ::)
Basically gold and BTC are two different things and no comparison about those two things. One has physically existence and another has no physical existence only transferable through blockchain technology. So how we can compare? If we compare with price two market are different. BTC market fluctuate more at any time but gold market are more relax.
thanks
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Bitcoin is the first viable candidate to replace gold the world has ever seen,” Mr Pfeffer said. "So if bitcoin becomes the dominant non-sovereign store of value, it could be the new gold, or new reserve currency.
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In my opinion, bitcoin will be able to beat gold one day. Especially if this bitcoin gets approval from the government. Of course gold will be able to compete. Even now, there are many bitcoin investors and still growing.
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If Bitcoin reaches the price that all forecasts say, then Bitcoin with a price of up to a million dollars will beat any asset that exists on the planet. But if we talk about the relevance and importance of Bitcoin and gold, then they are in different planes and they do not need to be compared at all.
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Bitcoin will one day be much more valuable to people. Then people will use bitcoin instead of gold. Gold is currently in a good position. Because the whole world believes in gold a lot. Gold is much more popular than ever before. Nowadays people do not imagine bitcoin instead of gold. But in the future, people will use Bitcoin more than gold. Bitcoin will then replace gold with gold.
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In terms of price, I think bitcoin can supper-seed golds but as for the value, gold will continue to be valued by people.
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They are of different assets. The store of value for bitcoin is different from Gold. As gold is always a precious metal that will Be adorned and religiously follow. If you look at Bitcoin half the world are yet to know about it. Even when they do not all will accept it as a store of value.
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The truth is that, bitcoin cannot replace gold. Bitcoin is more of an investment option, while gold is a store of wealth. Bitcoin will remain volatile and continue to experience pumps and dumps. While GOLD will remain dominant as it as always been as a store of wealth for the longest time,
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If bitcoin would be number one acceptance cryptocurrency in globally then bitcoin can replace gold.
Even Bitcoin adopted globally it cannot replace gold. Gold uses is necessary for those who are living materially. In addition it is material that you can mine and hold not like bitcoin just exist in untouchable world. Both Bitcoin and Gold is good to invest on its own place of dominance.
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I don't think bitcoin will replace gold someday you know bitcoin is a virtual currency and it has limited supply(it can go zero price if no more supply to mine) and very volatile, whereas gold is a physical item and the price will keep increasing.. Both has differences but you can make money if you invest.
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You know what, Bitcoin and Gold are not the same, because Gold was a physical asset while bitcoin is a virtual asset. Moreover, Bitcoin also is not intended to replace Gold, instead, Bitcoin was made by Satoshi to give everybody financial freedom someday via online marketing business based on my understanding about this matter anyway.
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Bitcoin will not replace gold, bitcoin was not created to compete with gold. Bitcoin is fundamentally a currency of freedom and transparency, it was originally created as a means of transactions without boundaries and obstacles. Gold has a physical form while bitcoin is virtual, the two are different.
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I appreciate your enthusiasm on cryptos, but Bitcoin will never replace gold. Gold in itself has unique properties which makes it valuable. Bitcoin is in essence is a derivative of gold and other precious and industrial metals that comprise of the mining rigs running the crypto networks.I do agree that gold and silver have intrinsic properties that give them value. When there is more demand to manufacture mining rigs and mobile phones, there will be more demand for the likes of gold, silver, copper, etc.
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I don't see this happening. It will be difficult to replace gold due to its relevance in several other sectors. Its applicability on jewellery making and store of value to several central banks around the world also makes it difficult to replace. Replacing gold with bitcoin will mean a total dislodging of traditional banking systems and beliefs which will be nearly impossible to achieve.
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I don't see this happening. It will be difficult to replace gold due to its relevance in several other sectors. Its applicability on jewellery making and store of value to several central banks around the world also makes it difficult to replace. Replacing gold with bitcoin will mean a total dislodging of traditional banking systems and beliefs which will be nearly impossible to achieve.
Moreover, gold has been used for a long time, a strong investment product with good price movements. Gold and bitcoin both have advantages and disadvantages, take advantage of the opportunities that exist and use them to maximize profits, instead of having to choose one, right?
Everyone must have their own views regarding investing, bitcoin does provide a faster profit opportunity because of its fast price movements, but the risk is also great.
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I am very confused for Bitcoin to beat gold because Bitcoin has a different role to play with gold.
Gold is the property of all who has physical property and Bitocin is the property of someone who does not have it.
But for this Bitcoin price problem is very expensive and gold feels cheaper when compared to the price of 1 Bitcoin for 1 gram of Gold.
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I think Bitcoin is still not able to replace gold. because this gold has a fairly small risk. while bitcoin haganya too easily goes up and down, so the risk is too great.
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I think bitcoin will never completely replace gold. Gold has unique properties. This is a fairly simple thing. Gold is not subject to the risk of technological obsolescence. Gold, unlike bitcoin, will never become obsolete. There is simply nothing to be outdated. Gold is not at risk of hacker attack. You cannot match a private key to gold. Even if you try very hard.
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One day I believe Bitcoin will be able to compete and even replace Gold. Currently many people join Bitcoin, they think Bitcoin will be able to bring big profits faster than gold, even with great risks. And there will be more and more people who think like that as Crypto grows older. So that the longer the gold can be rivaled by Bitcoin.
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In my opinion, the only time gold and Bitcoin will become real competitors is when Bitcoin will be a stable storage for every user. Today, the volatility of bitcoin negates these opportunities.
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Bitcoin and gold are very different. Gold is a physical asset. I think that gold will continue to exist, but bitcoin is becoming more relevant in the digital world. Gold is not as attractive as it used to be.
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Bitcoin will never be able to replace gold. Because gold is a precious metal. Gold has been known since time immemorial. Gold has long been a well-known precious metal. People all over the world use gold. But people all over the world do not use bitcoin. There are many people who do not trade in Bitcoin, think it is risky. So I think gold will never be able to replace Bitcoin.
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It's already replacing, more valuable and reaching highs faster than gold nowadays, it's better to buy BTC than Gold today :) and the possibilities of profit will be higher too
I really support your write up
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I think Bitcoin will never be able to replace gold. Because no matter what the price of Bitcoin, gold can't be so popular. So I think gold is valuable. Because a lot of people use it. However, Bitcoin is currently very popular.
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In my opinion, cryptocurrency will never replace gold, since bitcoin does not have a constant price, unlike gold, and gold is also tested by a big lapse of faith.
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No, Bitcoin will never replace Gold, so does Bitcoin will never replace fiat. The existence of Bitcoin so far has increased in more technology, utility, and also an asset for investment and trading. Here, it doesn't mean that the goal is to replace gold and others. If they can walk together, why not?
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Because no matter what the price of Bitcoin, gold can't be so popular.
How can you be sure Gold can't be popular?
Gold existed thousands of years ago and bitcoin was only about 10 years ago, price is not a guarantee it is valuable or not, but a long life and a stable value is more valuable than anything.
bitcoin is not that popular when compared to Gold, if you don't believe you can do a survey, and I'm sure people prefer gold over bitcoin.
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Hello, do not invest in gold because gold is much less growing in price than bitcoin. Bitcoin now costs about 19,000 and it continues to grow in speed will cost 35,000 then even more about 50,000. Bitcoin is even safer in this sense than gold and it has more growth
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Bitcoin is better than gold “on every front” and could eventually be worth around $700,000, according to an institutional investor.Bitcoin better then every thing.
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Bitcoin and gold are both very valuable in the market. It is possible to make a lot more profit by investing in the bitcoin market. However, it is not possible to make much profit by investing in gold. At present, everyone supports investing in Bitcoin.
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It's already replacing, more valuable and reaching highs faster than gold nowadays, it's better to buy BTC than Gold today :) and the possibilities of profit will be higher too
You are right that it is better to buy BTC than gold because if I buy gold then I will not get any profit. And if I buy a bitcoin today, I will get a good profit in the future. So I wonder if Bitcoin is better than gold.
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Bitcoin and gold are two different things. If you buy bitcoin and gold and hold them together, you will see that bitcoin will be more risky to you than gold. Because the cryptocurrency market is always up and down. Suddenly its price goes up a lot and suddenly its price goes down a lot. But buying gold does not put you at risk. I think Bitcoin will never be able to replace gold.
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In these times of turmoil, Gold is reaching new ATHs in price. But Bitcoin doesn't leave behind. With a limited supply of only 21 million coins, hardened security, and a focus on decentralization, Bitcoin is often viewed by many as the successor of Gold. One of Bitcoin's greatest benefits on top of Gold, is portability. You can virtually carry your Bitcoin with you safely when travelling, without anyone noticing. That's not the case with Gold, as you'd need to carry physical bullion with you. Other than portability, Gold and Bitcoin are very much alike.
Do you think that Bitcoin will be able to replace Gold someday? As we shift into the "intangible" world, people will "ditch" physical stuff in exchange for digital items. Bitcoin can become the new digital Gold which serves as a safe-haven asset (store of value) in times of need. Thoughts? ::)
Brother, I did not understand well about the topic you have discussed. If it was easy to write a post about it in detail, it would be helpful for those who are juniors like us to understand.
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Bitcoin and gold are two different things. If you buy bitcoin and gold and hold them together, you will see that bitcoin will be more risky to you than gold. Because the cryptocurrency market is always up and down. Suddenly its price goes up a lot and suddenly its price goes down a lot. But buying gold does not put you at risk. I think Bitcoin will never be able to replace gold.
I agree with your opinion Bitcoin will never be able to replace gold. Because bitcoin is more risky bad volatile. Bitcoin is the future technology, but the price is still unpredictable. I think you should divide your fund in bitcoin and gold.
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Bitcoin will never be able to replace gold but like the Bitcoin market the gold market fluctuates a lot. The price of these is not limited to one place. Bitcoin is more risky than gold but it is a very profitable currency. The demand for gold goes down a lot as the market goes down but its demand starts to increase through bitcoin investments.
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I think in this same topic we don't create any topic because bitcoin and gold are totally different assets.bitcoin is crypto related assets and gold is matarial assets.bitcoin is so much risky than gold. Manny senior brothers are already discussed about this matter.
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Gold and bitcoin are different dude.
Gold is real, and bitcoin is digital. So it is impossible for bitcoin to replace gold. Maybe the price of bitcoin is higher than gold, but gold is a real asset that almost all countries have legalized buying and selling. But bitcoin is a digital asset that not all countries allow access to
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Gold and bitcoin are different dude.
Gold is real, and bitcoin is digital. So it is impossible for bitcoin to replace gold. Maybe the price of bitcoin is higher than gold, but gold is a real asset that almost all countries have legalized buying and selling. But bitcoin is a digital asset that not all countries allow access to
Gold and bitcoin are two different things, so you must consider carefully before investing. I am an optimistic person, I choose to invest in cryptocurrencies over gold because I believe in my grasping ability to increase the value of my assets with electronic technology.
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In these times of turmoil, Gold is reaching new ATHs in price. But Bitcoin doesn't leave behind. With a limited supply of only 21 million coins, hardened security, and a focus on decentralization, Bitcoin is often viewed by many as the successor of Gold. One of Bitcoin's greatest benefits on top of Gold, is portability. You can virtually carry your Bitcoin with you safely when travelling, without anyone noticing. That's not the case with Gold, as you'd need to carry physical bullion with you. Other than portability, Gold and Bitcoin are very much alike.
Do you think that Bitcoin will be able to replace Gold someday? As we shift into the "intangible" world, people will "ditch" physical stuff in exchange for digital items. Bitcoin can become the new digital Gold which serves as a safe-haven asset (store of value) in times of need. Thoughts? ::)
Maybe, But it will take along years again. Because we all know gold is old Investment and the legend. I think it is hard for bitcoin can replace gold. Gold has owned by almost all of people. So, we will see at the digital currency come, bitcoin will be.
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I think this bitcoin is much better than gold. At a time when its value is increasing, its value will increase much more than gold. Gold is likely to be lost. But this bitcoin is not likely to be lost. I think you can stock or save bitcoin more than gold. In terms of holes, I think this bitcoin is the best coin.
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I think Gold will remain an investment asset for everyone who is not familiar with Bitcoin. If Bitcoin can replace gold, there will be many negative effects, for example for a company that is currently a company whose main function is gold metal miners will stop operating and even gold craftsmen will not make gold crafts. And the most important thing for reality is there any of bitcoin craftsmen?
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I think it will not be possible to completely replace the value of gold in any case, but it is quite possible to become equal, but it will take a long time! Today, for me, gold is a safer asset for storing wealth so far, bitcoin, as a means of payment and investment)
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I think no. Gold is also like Bitcoin This has a certain limited amount of the supply in this world When it has ended and none to mine, there will be more demand than the supply. Bitcoin will be a worthy investment like Gold but not to rplace
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I think Gold will remain an investment asset for everyone who is not familiar with Bitcoin. If Bitcoin can replace gold, there will be many negative effects, for example for a company that is currently a company whose main function is gold metal miners will stop operating and even gold craftsmen will not make gold crafts. And the most important thing for reality is there any of bitcoin craftsmen?
Bitcoin can never replace gold. Can anyone imagine that people will give up gold and gold jewelry in order to have numbers and signs with a certain amount of bitcoin in their virtual wallet? And if it rises several times and then drops in price? No, gold has existed and will continue to exist as a measure of value, a store of value and a means of payment. It's too early for Bitcoin to match it. Ten years of its existence versus millennia of gold existence is nothing.
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Both Bitcoin and Gold are valuable. But I think Bitcoin is currently the most valuable. Because nowadays most people prefer gold. Gold has a lot of popularity. However, Bitcoin is currently the most widely used form of financial transactions worldwide. Bitcoin is traded for investment and trading in various organizations. So there is a possibility of replacing bitcoin gold in the future. Because the popularity of Bitcoin is growing at a rate that is possible in the future.
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I don't think so because gold and bitcoin have different form, law and works, they can stay together but in different line. This topic become hot because people always try to find another way for make money but no knowledge and experience make them fail. Let bitcoin grow up until final and see how the competition go, there's no winner but I'm sure opportunity for income always there.
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No way, Bitcoin cannot replace Gold because Gold is a very valuable asset that is real in this world and has been firmly entrenched in minds around the world that Gold is a valuable asset.
Almost everyone in this world has gold and certainly Gold has a phenomenal value including myself and this is something that is very useful for us in the future.
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I don't know almost everyone having gold, but yes, it is indeed very popular. And has many practical uses, which are very different from Bitcoin's uses. You can't make tooth out of Bitcoin, haha, to list the most mundane of gold's practical uses. Both have their place.
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As far as I know there are many differences between bitcoin and gold. Because Bitcoin is a virtual object and gold is a surreal object. So there is no comparison with any of them. But before we saw people buying and holding gold but now they are buying and holding bitcoin instead of gold.Because the value of bitcoin increases a lot compared to gold.
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I don't know almost everyone having gold, but yes, it is indeed very popular. And has many practical uses, which are very different from Bitcoin's uses. You can't make tooth out of Bitcoin, haha, to list the most mundane of gold's practical uses. Both have their place.
yes, on average all must have gold, apart from being an investment it is also used as a disguised prestige. but both are equally good investments, the only difference is the risk involved. it is clear that gold is more secure than bitcoin, but behind it all also know that every time there is a big risk then behind it there will be a pretty lucrative income if successful. there will always be cause and effect. live which direction you will take, depending on what is in accordance with your wishes and the funds you have, of course.
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In these times of turmoil, Gold is reaching new ATHs in price. But Bitcoin doesn't leave behind. With a limited supply of only 21 million coins, hardened security, and a focus on decentralization, Bitcoin is often viewed by many as the successor of Gold. One of Bitcoin's greatest benefits on top of Gold, is portability. You can virtually carry your Bitcoin with you safely when travelling, without anyone noticing. That's not the case with Gold, as you'd need to carry physical bullion with you. Other than portability, Gold and Bitcoin are very much alike.
Do you think that Bitcoin will be able to replace Gold someday? As we shift into the "intangible" world, people will "ditch" physical stuff in exchange for digital items. Bitcoin can become the new digital Gold which serves as a safe-haven asset (store of value) in times of need. Thoughts? ::)
Gold is stable investment and bitcoin is very volatile but bitcoin is more profitable than gold.
I think bitcoinnhas potential and will replace gold at the coming future.
Bitcoin has high demand and so popular now.
I always believed bitcoin will have promising future.
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I think Gold will remain an investment asset for everyone who is not familiar with Bitcoin. If Bitcoin can replace gold, there will be many negative effects, for example for a company that is currently a company whose main function is gold metal miners will stop operating and even gold craftsmen will not make gold crafts. And the most important thing for reality is there any of bitcoin craftsmen?
Bitcoin can never replace gold. Can anyone imagine that people will give up gold and gold jewelry in order to have numbers and signs with a certain amount of bitcoin in their virtual wallet? And if it rises several times and then drops in price? No, gold has existed and will continue to exist as a measure of value, a store of value and a means of payment. It's too early for Bitcoin to match it. Ten years of its existence versus millennia of gold existence is nothing.
Yes sir you are right I agree with you. Because the opinion you have given about Bitcoin is certainly reasonable. So please let us know if you have any more updated information.
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Bitcoin cannot replace gold. In other words, the price in the cryptocurrency market is much higher. Bitcoin is becoming one of the most popular cryptocurrencies worldwide. Bitcoin can be used against money in the future. Different trading companies use Bitcoin for financial transactions. So I think Bitcoin could be valuable in the future. But it will never be able to replace gold.
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Do you think that Bitcoin will be able to replace Gold someday? As we shift into the "intangible" world, people will "ditch" physical stuff in exchange for digital items. Bitcoin can become the new digital Gold which serves as a safe-haven asset (store of value) in times of need. Thoughts? ::)
There is without a doubt no factor of Bitcoin changing gold as they may be all exceptional belongings and may be capable of co-exist within side the marketplace. There are use of gold that Bitcoin can not do and vice versa. Why do you suspect gold is growing proper now if its destiny is seemed to be boomed due to Bitcoin? These assets are to boom their price because of demand for and regarded many use cases of and benefits.
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In these times of turmoil, Gold is reaching new ATHs in price. But Bitcoin doesn't leave behind. With a limited supply of only 21 million coins, hardened security, and a focus on decentralization, Bitcoin is often viewed by many as the successor of Gold. One of Bitcoin's greatest benefits on top of Gold, is portability. You can virtually carry your Bitcoin with you safely when travelling, without anyone noticing. That's not the case with Gold, as you'd need to carry physical bullion with you. Other than portability, Gold and Bitcoin are very much alike.
Do you think that Bitcoin will be able to replace Gold someday? As we shift into the "intangible" world, people will "ditch" physical stuff in exchange for digital items. Bitcoin can become the new digital Gold which serves as a safe-haven asset (store of value) in times of need. Thoughts? ::)
Yes, I think It will happen at the coming future. Bitcoin will replace gold someday at the coming future.
Many big investors already bought more bitcoin and bitcoin has high demand now.
I think bitcoin will have bright future, as many people prediction.
Bitcoin is more valuable and more profitable to invest than gold.
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No one can know for sure. But if you calculate the cost of mining gold and bitcoin, then I vote for BTC. If we compare the cost of storing and transporting gold and bitcoin, then I am on the side of BTC and if we are fighting to save money, then the choice is obvious, it just takes time for everyone to get used to it.
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Isn't bitcoin more valuable than gold right now?
The day will come and bitcoin, the king of cryptocurrencies, will take over the role of gold in central banks. This is not so far away. There's a chance it might be in 10 years. Now most countries and people know what crypto is, what a coin is. I think those days are not far away.
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Isn't bitcoin more valuable than gold right now?
The day will come and bitcoin, the king of cryptocurrencies, will take over the role of gold in central banks. This is not so far away. There's a chance it might be in 10 years. Now most countries and people know what crypto is, what a coin is. I think those days are not far away.
Value of gold by market capitalization is roughly 10 times that of bitcoin at the moment. That being said, to me it's just a matter of time before the market cap of bitcoin will reach, and then exceed, that of gold.
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No one can know for sure. But if you calculate the cost of mining gold and bitcoin, then I vote for BTC. If we compare the cost of storing and transporting gold and bitcoin, then I am on the side of BTC and if we are fighting to save money, then the choice is obvious, it just takes time for everyone to get used to it.
If you compare the cost of mining , I think bitcoin is cheaper.
But gold is more stable.
I think you can buy bitcoin when dip now than gold.
Bitcoin has been predicted will more valuable and touch new ATH again at this year.
I have done it, buy more bitcoin and hold it.
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Bitcoin is digital asset and gold is physical assets.
I think they are different thing. But if you asked will bitcoin replace Gold someday.
Yes, It can. Anything can happen at market.
Maybe for now, bitcoin and other crypto isnt popular as gold, because bitcoin has many negative issue, has been blocked at several countries.
But I think thats just matter of time.
I believe bitcoin will have bright future soon.
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No i dont think there has any compitator with Bitcoin. Gold is stable but bitcoin is flaccid currency. Gold is not decentralised but on the Otherhand Bitcoin is decentralised. Bitcoin quantity is limited but Gold is unlimited. So it price never will big pump. But bitcoin is limited and it’s demand is increasing day by day so bitcoin price will big pump there has no doubt.
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Replacing gold is impossible. Although BTC can really pass more things in the market cap and BTC can reach the top 2 or top one, it doesn't mean that BTC can replace gold. Gold is something real and this is very valuable. BUt BTC is digitalization, so we may not meet it well
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It is very difficult for Bitcoin to replace Bitcoin because Bitcoin is a digital asset and gold is a real asset that can be seen physically and seen by the eyes as well as by all human beings.
But in cryptocurrencies, of course there are surprises and it is certain that gold one day can surprise the gold market cap and this is very likely to happen.
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Gold is gold, and Bitcoin is Bitcoin, I support Bitcoin since 2016, but I think gold will remain important. Why do people always say that Bitcoin is gold, bitcoin is silver, bitcoin is the new store of value... etc Bitcoin is Bitcoin guys...
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Isn't bitcoin more valuable than gold right now?
The day will come and bitcoin, the king of cryptocurrencies, will take over the role of gold in central banks. This is not so far away. There's a chance it might be in 10 years. Now most countries and people know what crypto is, what a coin is. I think those days are not far away.
Value of gold by market capitalization is roughly 10 times that of bitcoin at the moment. That being said, to me it's just a matter of time before the market cap of bitcoin will reach, and then exceed, that of gold.
I don't think this will happen. Bitcoin will not continue to rise in value. In this material world, everything has its limit. Housing, food, clothing and other material objects of our world cannot depreciate so much in comparison with virtual values. Therefore, I have a big doubt that bitcoin can rise in price, as some expect, up to a million dollars.
As for gold, it will always have its high value and will not be replaced by anything.
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Gold is gold, and Bitcoin is Bitcoin, I support Bitcoin since 2016, but I think gold will remain important. Why do people always say that Bitcoin is gold, bitcoin is silver, bitcoin is the new store of value... etc Bitcoin is Bitcoin guys...
That is pretty much how I feel. Both are important, but in very different ways. They should not be compared, in my opinion.
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Yes it is certain that Bitcoin will one day replace gold. Moreover, in 2016, there was a big change in the currency, the price went up to 20 thousand dollars. However, it did not take long for that price to come down. In December 2016, the price dropped to ২০০ 3,200.
Bitcoin prices have been rising since the Corona epidemic began. In 2020, the price of digital currency has increased by 300 percent. Not only Bitcoin, but other digital currencies are also rising in price. Ethereum is the second most widely used digital currency after Bitcoin. In 2020, the price of this currency has increased by 465 percent.
Analysts believe that financial institutions are turning to bitcoin as an asset. Bitcoin users feel that Bitcoin is taking the place of gold as an asset. Analysts have speculated that the US dollar may depreciate in 2021, with fears that Bitcoin could rise further this year. At the start of the Corona epidemic, investors leaned towards the dollar to find reassurance amid uncertainty. This increases the value of the dollar. But later the dollar fell due to several incentive packages. As well as the acceptance of Bitcoin has increased as transactions or payment gateways like PayPal have now started accepting digital currencies. Paolo Ardiono, chief technology officer at cryptocurrency exchange Bitfinex, told The Guardian: "The digital currency market has never seen such a boom. As a result, the future of Bitcoin owners is very bright.
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Bitcoin and Gold are two very valuable assets.But now in the digital age, people value bitcoins more than gold.Because Bitcoin is a digital currency while gold is a real substance.The price of Bitcoin fluctuates and the price goes up and down, but the price of Gold stays the same.But now that the price of Bitcoin is declining, it seems that Bitcoin will replace Gold.
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Bitcoin and gold are so different from each other that it seems that they are exactly opposite financial assets. They have completely different tasks and functions, so they both have enough space in our world. Of course, they are not even capable of replacing each other. This question has already been raised repeatedly and it is time to understand that people need both cryptocurrency and gold.
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As a store of value? Definitely, it's just a matter of time... but can bitcoin ever replace gold, the metallic element we use in jewelry or electronic contacts, certainly not.
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In these times of turmoil, Gold is reaching new ATHs in price. But Bitcoin doesn't leave behind. With a limited supply of only 21 million coins, hardened security, and a focus on decentralization, Bitcoin is often viewed by many as the successor of Gold. One of Bitcoin's greatest benefits on top of Gold, is portability. You can virtually carry your Bitcoin with you safely when travelling, without anyone noticing. That's not the case with Gold, as you'd need to carry physical bullion with you. Other than portability, Gold and Bitcoin are very much alike.
Do you think that Bitcoin will be able to replace Gold someday? As we shift into the "intangible" world, people will "ditch" physical stuff in exchange for digital items. Bitcoin can become the new digital Gold which serves as a safe-haven asset (store of value) in times of need. Thoughts? ::)
Yes, I think bitcoin will replace gold someday. But It might be happen at the next several years again.
Bitcoin popularity will increase day by day and can compete to gold.
Because gold is most popular and really have biggest fans.
Hopey digital era will come soon.
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There will be no replacement for gold with Bitcoin. There is no intrinsic value to Bitcoin other than hype, and it is not stable. Crypto currency Definition of CURRENCY or commodity Definition of COMMODITY. There has always been a value to gold that has lasted for thousands of years, and this value will also remain
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In these times of turmoil, Gold is reaching new ATHs in price. But Bitcoin doesn't leave behind. With a limited supply of only 21 million coins, hardened security, and a focus on decentralization, Bitcoin is often viewed by many as the successor of Gold. One of Bitcoin's greatest benefits on top of Gold, is portability. You can virtually carry your Bitcoin with you safely when travelling, without anyone noticing. That's not the case with Gold, as you'd need to carry physical bullion with you. Other than portability, Gold and Bitcoin are very much alike.
Do you think that Bitcoin will be able to replace Gold someday? As we shift into the "intangible" world, people will "ditch" physical stuff in exchange for digital items. Bitcoin can become the new digital Gold which serves as a safe-haven asset (store of value) in times of need. Thoughts? ::)
I think not easy bitcoin will replace gold some day. Gold is most popular for investment. People still believe in gold than bitcoin.Thats fact.
But several young generation already invested in digital currency like bitcoin. So let's see, will bitcoin replace gold ?
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I think it will not happen bitcoin replace Gold someday because in the market most of the people joined in cryptocurrency is too familiar in bitcoin but in terms of using a gold and the people will encouraged to motivate the bitcoin regularly stated.
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There will be no replacement for gold with Bitcoin. There is no intrinsic value to Bitcoin other than hype, and it is not stable. Crypto currency Definition of CURRENCY or commodity Definition of COMMODITY. There has always been a value to gold that has lasted for thousands of years, and this value will also remain
No intrinsic value is needed for something to be valuable. For example the dollar has no intrinsic value... you can't eat it, there is no precious metals in a dollar bill, etc. It is only valuable because the government says it is and because people agree. It is this agreement between people that something is valuable that makes it valuable.
With bitcoin, already everyone who understands it agrees about its value but the number of people who know about it and understand it is still a tiny fraction of the world... as this knowledge distributes to more and more people the perceived value can only be so much larger than now because there won't be that many more bitcoins as we go from %0.1 of the world population knowing about it to 1% to %10 and beyond.
We are just at the beginning with crypto, with bitcoin.
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Bitcoin cannot replace the practical applications of gold though. You can't make a cellphone parts of it, nor put it in your teeth.
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Bitcoin cannot replace the practical applications of gold though. You can't make a cellphone parts of it, nor put it in your teeth.
Indeed. The comparison between gold and bitcoin is only in terms of their current narratives as stores of value and hedges against inflation.
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I think that, bitcoin is superior to gold in almost everything: divisibility, verifiability, confiscability, transportability, transferability, inelastic scarcity...
Bitcoin is just superior store of value.
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Taking the point that btc might be of more value than gold could be possible over time, but replacing it does not really have any effect, cause they are both two different assets and differ in their uses of place of value. In the digital world, btc can be transferred without anyone knowing what is happening, but that of gold, there have to be some security men around to stand as to avoid kidnapping or something of such.
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I wouldn't use the word Replacing Gold as both are two different entities even though we see them as tradeable commodities. In terms of price, I would say Bitcoin will certainly overtake Gold if they could be measured in the same unit but both serve a different purpose and I really don't see people totally leaving Investing in Gold for just Bitcoin.
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bitcoin will never be able to replace gold because until now only gold can survive and of course gold still has a very high demand so gold will still survive and can beat bitcoin because until now when there is a dump in bitcoin the price of gold is still remain stable.
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For bitcoin to replace gold as a store of value, it would need to increase in market capitalization by a factor of roughly more than 10 from current valuations... this will surely happen in another 4 years (one more crypto cycle) if not sooner. Bitcoin fundamentals remain the same as ever before and nothing stands in its way in terms of continuing the long-term growth trend. Dismiss all the FUD around, we have seen it time and time again.
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For bitcoin to replace gold as a store of value, it would need to increase in market capitalization by a factor of roughly more than 10 from current valuations... this will surely happen in another 4 years (one more crypto cycle) if not sooner. Bitcoin fundamentals remain the same as ever before and nothing stands in its way in terms of continuing the long-term growth trend. Dismiss all the FUD around, we have seen it time and time again.
Why do you think that will happen for certain?
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For bitcoin to replace gold as a store of value, it would need to increase in market capitalization by a factor of roughly more than 10 from current valuations... this will surely happen in another 4 years (one more crypto cycle) if not sooner. Bitcoin fundamentals remain the same as ever before and nothing stands in its way in terms of continuing the long-term growth trend. Dismiss all the FUD around, we have seen it time and time again.
I understand that people feels they are more into Bitcoin and will always try to portray things about Bitcoin that is really not necessary. What makes you think Bitcoin will replace Gold as a store of value? And even with a time line if just 4 years 😂🤣😂. Bitcoin is already a store of value for some that invest on it but we still see how fast it drops in price with a single tweet from some people and news from some other countries.
No doubt we will continue to see Bitcoin adoption grow but even people that invest in Bitcoin still diversify their investments and ther will always be people that will not not invest in Bitcoin at all. Facts.
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I agree. That's just not serious, in my opinion. Bitcoin is popular, yes, it's an incredible innovation. But it's not going to replace a trusted storer of value that has been trusted for centuries and has a huge number of practical applications in just a few years. That is not realistic. A number of younger people may see it that way, but I don't think the older generations would be so easily convinced. Not when Bitcoin's price is yo-yoing the way it does.
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bitcoin will never be able to replace gold because until now only gold can survive and of course gold still has a very high demand so gold will still survive and can beat bitcoin because until now when there is a dump in bitcoin the price of gold is still remain stable.
if to replace it seems I agree, because they are two different things and can not be equated. gold is tangible and very stable in price but bitcoin is intangible and not very stable because it follows the direction of the market.
If you want a safe investment, it is clearly recommended that gold only, but with the risk of an insignificant increase. if bitcoin can be ascertained that the investment every 4 years will soar high, even though we do nothing. if we are smart then we will be able to get more results from bitcoin with daily trading.
those who understand trading will clearly choose bitcoin compared to gold because gold only has the advantage that it can be used as accessories to show identity but cannot do daily trades like bitcoin and can earn from daily trades carried out.
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Not to burst the bubble for you, but you are somewhat late with your assessment about BTC.
It has been proven already, it is so resilient from attacks, we reaches all time high of almost $20k in 2017 and then $64k this year. So throughout its young journey, no shitcoins have been closed to what bitcoin has accomplishes, being a store of value, hedge against inflation, payment scheme and now some of big companies balance sheet
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The Criptocurrency market Indeed, while “money printing” is often cited by Bitcoin advocates as one of the main flaws in the existing monetary systems, governments often use this tool to counteract various calamities. Not only that, but using Bitcoin as currency can also result in a modern-day financial “feudalism,” Varoufakis argued, thus it “can never be a currency and it should never be a currency.
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Bitcoin is much more volatile than gold. Sure, it might be just a problem of Bitcoin’s young age. But it doesn’t change the fact that price declines in the cryptocurrency are a few times bigger than in the gold market.
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Will Bitcoin ever replace gold? The answer I can give to this question is that Bitcoin is currently more expensive than gold. The percentage of gold made by Bitcoin is not rising at the rate at which it is rising. Bitcoin prices sometimes skyrocket and sometimes fall to the ground. But on the other hand, because it is beautiful and stable, sometimes its price increases a little and then it decreases a little.
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Bitcoin will never replace gold. Because if you think of Bitcoin and Gold separately, Bitcoin is a virtual currency, this currency can never be touched or seen. It replaces it from one medium to another. But not everyone buys gold for its ornaments. But there will come a time when Bitcoin will increase many times more than its gold price.
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Neither Bitcoin nor any other cryptocurrency can replace gold. This topic has already been discussed many times and most of the participants in this forum agreed with this opinion. These are not only completely different financial assets, they are almost completely opposite assets in their characteristics. And in general it is too early to discuss it. Nowadays, relatively few people use cryptocurrency, and practically no one is going to give up gold.
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In these times of turmoil, Gold is reaching new ATHs in price. But Bitcoin doesn't leave behind. With a limited supply of only 21 million coins, hardened security, and a focus on decentralization, Bitcoin is often viewed by many as the successor of Gold. One of Bitcoin's greatest benefits on top of Gold, is portability. You can virtually carry your Bitcoin with you safely when travelling, without anyone noticing. That's not the case with Gold, as you'd need to carry physical bullion with you. Other than portability, Gold and Bitcoin are very much alike.
Do you think that Bitcoin will be able to replace Gold someday? As we shift into the "intangible" world, people will "ditch" physical stuff in exchange for digital items. Bitcoin can become the new digital Gold which serves as a safe-haven asset (store of value) in times of need. Thoughts? ::)
Yes, It could be. I think bitcoin has potential to replace gold at the coming future, But I don't think it will happen at the next few years.
Gold is more popular and beloved by many people at the world.
and more stable.
Bitcoin is more profitable.
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This is Criptocurrency market in According to its SEC filing, Tesla's Bitcoin purchase reflects an updated investment policy aimed at diversifying its cash on hand and maximizing returns. The filing states that, we may invest a portion of such cash in certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds and other assets as specified in the future.
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No its not possible for bitcoin to replace gold. The acceptance and value of bitcoin are on the rise. It can be consider as supplement to gold rather than a replacement. The price of bitcoin is highly volatile. Some people believes that Bitcoin price will reach ten times more than gold price but it can not replace gold.
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In these times of turmoil, Gold is reaching new ATHs in price. But Bitcoin doesn't leave behind. With a limited supply of only 21 million coins, hardened security, and a focus on decentralization, Bitcoin is often viewed by many as the successor of Gold. One of Bitcoin's greatest benefits on top of Gold, is portability. You can virtually carry your Bitcoin with you safely when travelling, without anyone noticing. That's not the case with Gold, as you'd need to carry physical bullion with you. Other than portability, Gold and Bitcoin are very much alike.
Do you think that Bitcoin will be able to replace Gold someday? As we shift into the "intangible" world, people will "ditch" physical stuff in exchange for digital items. Bitcoin can become the new digital Gold which serves as a safe-haven asset (store of value) in times of need. Thoughts? ::)
Bitcoin and Gold are two different entities and will remain in their different lanes of operation. Yes, Bitcoin is proven to be a force to reckon with in terms of Investment as we have seen that, investing in Bitcoin can bring big gains and it is good as a store of value in that sense.
However, Gold has its own positive side. It has been in existence for generations and has been a reliable form of investment for generations and a store of value too and for most, more valuable because of its physical nature.
Bitcoin will not replace Gold IMO, both will continue to play their role as it best suits whoever is investing in them and uses them for whatever purpose that suits them at that time.
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Bitcoin will never be able to replace gold. Because Bitcoin is a virtual currency. But the price of gold rises over time. Bitcoin may be extinct at some point but gold will never be extinct. We all know that bitcoin mining will end someday. But gold mining will always continue. Gold is a girls ornament that enhances the beauty of man. But Bitcoin can never be caught or touched.
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Gold is a physical ornament, while Bitcoin is digital coin, I dont think gold will be better than bitcoin in the future in terms of value. I believe that the value of bitcoin will continued to rise, and it most likely, it will dominate gold but will not replace gold. Like I said, bitcoin is a digital money while gold is a physical ornament.
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Gold is not just a physical ornament. Gold has plenty of practical applications in various important technologies. Only about half of the mined gold is actually used for jewelry.
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Both will still maintain their place. Bitcoin can't replace gold because it's decentralized and many government agencies aren't in support of it but that doesn't mean bitcoin is going into extinction. The reality remains gold will remain what it is while bitcoin will find it's way through
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I completely agree. They are far too different to be interchangable, so Bitcoin cannot replace Gold.
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I completely agree. They are far too different to be interchangable, so Bitcoin cannot replace Gold.
Yes, You're right. I think bitcoin and gold is different thing.
Bitcoin and crypto currency are digital asset.
Gold is the real asset.
I also don't believe bitcoin will replace gold.
Maybe bitcoin will more valuable than gold, but not will replace.
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Bitcoin is just as real as gold, it's just that it has no physical form, unlike gold.
As to the value, I think it is still up in the air which will be more valuable in the long-term.
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So far, no financial asset has any chances to replace gold in the foreseeable future. This also applies to cryptocurrencies, including bitcoin. No matter how convenient and safe Bitcoin is, cryptocurrency has its drawbacks, like any financial asset. Gold and cryptocurrency have their own advantages and disadvantages and therefore may well simply complement each other. Plus, there will always be groups of people who will not want to give up on keeping their savings in gold.
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In these times of turmoil, Gold is reaching new ATHs in price. But Bitcoin doesn't leave behind. With a limited supply of only 21 million coins, hardened security, and a focus on decentralization, Bitcoin is often viewed by many as the successor of Gold. One of Bitcoin's greatest benefits on top of Gold, is portability. You can virtually carry your Bitcoin with you safely when travelling, without anyone noticing. That's not the case with Gold, as you'd need to carry physical bullion with you. Other than portability, Gold and Bitcoin are very much alike.
Do you think that Bitcoin will be able to replace Gold someday? As we shift into the "intangible" world, people will "ditch" physical stuff in exchange for digital items. Bitcoin can become the new digital Gold which serves as a safe-haven asset (store of value) in times of need. Thoughts? ::)
Yes, maybe.
Bitcoin is more valuable than gold and starting to more popular..
Gold is classic assets, it is more popular and almost all of the world known about it.
So, it will take several year's, bitcoin will replace gold at the coming future.
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Yes, maybe.
Bitcoin is more valuable than gold and starting to more popular..
Gold is classic assets, it is more popular and almost all of the world known about it.
So, it will take several year's, bitcoin will replace gold at the coming future.
No, I think It is really difficult. Gold is the legend of assets. Maybe bitcoin and gold will be there together.
They will never replacement by each other.
Gold is physical asset and bitcoin is digital asset.
I have invested in both, and enjoy them.
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I, like many, cannot say whether Bitcoin will replace gold. For me, gold is about preserving value, that is, stability. Bitcoin is an opportunity to increase capital. But with cryptocurrency, you can make money as quickly as you can quickly lose.
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I am quite certain that it won't replace gold. Unless our need for gold in various practical application changes, unless we find a way to mine it and process it in more efficient ways, Gold is here to stay, regardless of Bitcoin's popularity.
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There is a small chance, that when all Bitcoins will be mined and it became more a speculative asses than a technology, it can start to replace gold. Till then, when it is used, it is not even close to being as valuable as gold.
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I am quite certain that it won't replace gold. Unless our need for gold in various practical application changes, unless we find a way to mine it and process it in more efficient ways, Gold is here to stay, regardless of Bitcoin's popularity.
Of course what you say is true, because it is two different investments. investment gold that has existed for a long time and in tangible form, can be felt, held and used as an accessory. investment bitcoin which is an advancement of the same digital technique is also very valuable, but intangible and can be felt, held but does exist.
both will go hand in hand because the needs for both are the same, because the investment is very profitable. although today many predict that bitcoin will beat gold, but then again everyone has very different desires in investing so that both will continue to exist.
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There is a small chance, that when all Bitcoins will be mined and it became more a speculative asses than a technology, it can start to replace gold. Till then, when it is used, it is not even close to being as valuable as gold.
Perhaps so, because now bitcoin plays the role of some kind of asset with which you can get rich quite well. The reason for this is that the bitcoins that are being born are still in the process of mining. But when they all end up in the hands of the holders, then, apparently, a new process of formation of the cryptocurrency will begin.
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Gold has a digital and physical value that is extraordinary embedded throughout the world since thousands of years ago and this will really be very good for the future of gold for those who have it.
But unfortunately Bitcoin is a digital asset that was just born in 2009 and of course everyone still thinks that Gold is still the best to invest than Bitcoin.
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Gold has a digital and physical value that is extraordinary embedded throughout the world since thousands of years ago and this will really be very good for the future of gold for those who have it.
But unfortunately Bitcoin is a digital asset that was just born in 2009 and of course everyone still thinks that Gold is still the best to invest than Bitcoin.
The value of something new does not always look adequate. After all, once and gold was not so valuable. Now, apparently, not everyone understands the value of cryptocurrency. The main thing is that we have the opportunity to accumulate this asset, which in the future, I am sure, will acquire a value even greater than that of gold.
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Personally, I am not questioning the value of Bitcoin at all. I think it is very valuable. I just think it is so different from gold it's pointless to compare them, it's an apples and oranges comparison.
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Personally, I am not questioning the value of Bitcoin at all. I think it is very valuable. I just think it is so different from gold it's pointless to compare them, it's an apples and oranges comparison.
I agree with you. The only asset on the market right now that is trustworthy by the majority is Bitcoin. Everything else is an alternative to him, which does not yet reach his level. Comparison with gold may be, but each asset has its own advantages and disadvantages.
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Each asset has its own uses too. Since Bitcoin has no physical uses, it's practical applications just don't exist, but that does not make it any less valuable.
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Bitcoin and Gold do not need to be compared and it would be nice if they were juxtaposed together to become a valuable asset for our future to be better or become useful savings in the future for our children and grandchildren.
No one knows our age, maybe now we die or tomorrow we will immediately leave this world, at least if we have Bitcoin and Gold then we can give a little hope for our descendants in the form of valuable assets.
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In these times of turmoil, Gold is reaching new ATHs in price. But Bitcoin doesn't leave behind. With a limited supply of only 21 million coins, hardened security, and a focus on decentralization, Bitcoin is often viewed by many as the successor of Gold. One of Bitcoin's greatest benefits on top of Gold, is portability. You can virtually carry your Bitcoin with you safely when travelling, without anyone noticing. That's not the case with Gold, as you'd need to carry physical bullion with you. Other than portability, Gold and Bitcoin are very much alike.
Do you think that Bitcoin will be able to replace Gold someday? As we shift into the "intangible" world, people will "ditch" physical stuff in exchange for digital items. Bitcoin can become the new digital Gold which serves as a safe-haven asset (store of value) in times of need. Thoughts? ::)
I think bitcoin has potential to be, bitcoin will replace gold at the future .
I always believe we will see the digital era, while digital era coming, I think old asset will be replaced by digital assets.
But not for the few years.
It will take several years again.
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Each asset has its own uses too. Since Bitcoin has no physical uses, it's practical applications just don't exist, but that does not make it any less valuable.
Basically, now any asset in the cryptocurrency market has no use in everyday life. But bitcoin is already being used as a means of payment. And the trust in it on the part of asset holders is much greater than in any other asset.
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With various countries accepting Bitcoin, it may see the same use in every day life as fiat money currently do. That doesn't seem like an impossible dream anymore.
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It is very difficult to talk about this now, when bitcoin will be officially used by all countries, then there is a possibility that it will be traded on stock markets.
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Bitcoin and gold are two different things So I think gold will never be able to replace Bitcoin.Because bitcoins are much more valuable than gold.Gold is a real commodity but Bitcoin is a digital currency that is only reflected online.However, as the price of Bitcoin fell, so did the price of gold, which led many to comment that Bitcoin might replace gold.But now the price of Bitcoin has started to rise again.Bitcoin seems to me to be more valuable than gold and bitcoin.
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It is very difficult to talk about this now, when bitcoin will be officially used by all countries, then there is a possibility that it will be traded on stock markets.
I think it's not even about all countries using bitcoin. Here it is probably more correct to talk about its legalization and about the possibility of payment. If it is accepted at the international level, I am even afraid to imagine what will happen to its price.
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Don't think Bitcoin will be able to replace bitcoin even if the whole world is using Bitcoin. All the world is using Gold as a physical asset and a digital asset. You can only hold bitcoin as a digital asset. With this, I don't Bitcoin will be able to replace Gold.
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Bitcoin can never be a substitute for gold. You can't replace Bitcoin with gold just because of the price and the transaction. Because there is no risk in carrying bitcoin, there is a risk of a big loss in case the price goes down to a big . Gold, on the other hand, has been used by people for ages and will continue to do so in the future. If you save gold for the future, the price may go down a bit again, so both Bitcoin and gold are reversible.
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Don't think Bitcoin will be able to replace bitcoin even if the whole world is using Bitcoin. All the world is using Gold as a physical asset and a digital asset. You can only hold bitcoin as a digital asset. With this, I don't Bitcoin will be able to replace Gold.
In terms of application in technology, yes, bitcoin will not replace gold, but in terms of value, this may happen in the future. At this point, it may not yet be understood that bitcoin has value.
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I think bitcoin and gold are two different objects. It would be nothing but foolishness to compare one with the other. Because one is real and the other is virtual. I have no idea how you want to match the two. All the time the location of the two is in different places. So I think it's better not to differentiate between gold and bitcoin.
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Bitcoin and gold two both are very valuable but one can easily touchable and another cannot. Bitcoin a virtual currency which has no existence but have Value more than gold but not widely accessible/acceptance. Gold a metal which has universal acceptance.
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Bitcoin and gold two both are very valuable but one can easily touchable and another cannot. Bitcoin a virtual currency which has no existence but have Value more than gold but not widely accessible/acceptance. Gold a metal which has universal acceptance.
unfortunately I see bitcoin's price movement is faster so that from bitcoin we can get more profit, in contrast to gold which has very slow price movements so that it makes very little profit because it is difficult to move gold prices.
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Frankly, the smaller volatility of Gold's price makes it such a good instrument to store wealth in, rather than make wealth out of. You can't store wealth in a cryptocurrency that rallies and falls with thousands of dollars within hours. You can, however, profit greatly out of that volatility.
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Frankly, the smaller volatility of Gold's price makes it such a good instrument to store wealth in, rather than make wealth out of. You can't store wealth in a cryptocurrency that rallies and falls with thousands of dollars within hours. You can, however, profit greatly out of that volatility.
Great explanation of what is the difference between gold and bitcoin. I am not inclined to compare these two assets, they play completely different roles.
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I think that Bitcoin volatility is where the profit hinged, and with out this ups and down movement Bitcoin may not give the huge profit that we are experience today. As a matter of facts, gold has been here as s store of value but Bitcoin has arrived as a hedge against inflations. In my opinion, Gold is considered as a store of value but Bitcoin will be more profitable to hold to make huge profit than gold. Bitcoin can be considered as a store of profit in both long and short terms. Check the BTC price records and compared within it's short existance. Thank you.
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I believe that Bitcoin can never replace gold. How Can You Touch Bitcoin? How is it supported? And gold is a real asset that you can touch. All cryptocurrencies are very high-risk assets. And sooner or later it will fall down and there will be a crypto winter, and where do you think money will flow from high-risk assets? I think the answer is obvious. Cryptocurrency is a speculative asset.
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bitcoin will not be able to replace gold, it's just that maybe it can be used for alternative payments other than using gold, because until now gold is still competing strongly with bitcoin. both of these there will be no winner because everything is just an alternative to make transactions.
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bitcoin will not be able to replace gold, it's just that maybe it can be used for alternative payments other than using gold, because until now gold is still competing strongly with bitcoin. both of these there will be no winner because everything is just an alternative to make transactions.
How can bitcoin replace gold? And what is gold for us? Gold is just a virtual value and it plays little role in our life. Perhaps as a decoration or part of a technological detail. But the national currency has not been backed by gold for a long time.
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I never assume that gold is replaced by bitcoin or any other Crypto currency . But we can say Bitcoin is most popular as well alternative coin of gold .
Still their is alot of invester who continuous work with gold , but trend for bitcoin also increase day by day .
I never work with gold because I think this is still profitable if I work with bitcoin.
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Before comparing with gold and bitcoin, you need to see which one is currently the most used. Gold is an object that is widely used in all countries of the world. But as Bitcoin is a digital currency, it has not yet been approved in all countries. Since Bitcoin has not received worldwide approval, it is only natural that gold will be ahead of Bitcoin for the time being.
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Bitcoin is the most valuable coin in the cryptocurrency market.Now the value of a bit coin is about 62 thousand $. We all know that Bitcoin exists only through online.Gold, on the other hand, is a very useful substance.Now the price of gold can not surpass Bitcoin in any way.
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Nowadays it is better to hold bitcoin than to replace bitcoin and hold gold. Because compared to gold, this bitcoin has gained a lot of popularity in cryptocurrency and all over the world. And the price of bitcoin has increased a lot more than gold which is why I think bitcoin is far ahead of gold.
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I think it is better not to compare bitcoin and gold. Because the way and features of these two coins are different. But we can save both for our future generations. So that our future generations can adapt to the future environment. The higher the price of Bitcoin, the higher the price of gold. So if we try to hold on to both gold and bitcoin to the best of our ability for the future, that will bring us good.
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Bitcoin is a current cryptocurrency currency. One currency is constantly fluctuating in price. Earlier its price was much lower but now its price is skyrocketing.There will come a time when no one will be able to afford to buy this bitcoin.Heard here is a stable place. Although the price fluctuates in a few places. Bitcoin is now much more valuable than gold.
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I think it is less about value alone but also about security. Gold is used as a storer of value because unlike Bitcoin, it is not volatile.
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Bitcoin is currently A cryptocurrency. Bitcoin fluctuates constantly. There will be a time when no one will be able to afford to buy Bitcoin. Because now it is seen that bitcoin is more valuable than gold. Currently, developed countries around the world are supporting Bitcoin.
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Currently the bitcoin market is so good that the price of bitcoin is much higher than that of gold. This bitcoin is much more invested in cryptocurrency markets which is why most investors invest in bitcoin. And by investing in bitcoin they get huge profits so to me the value of bitcoin is more than gold.
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My vision is that Bitcoin will one day replace Gold. And it's going to be very soon. We have never heard of cryptocurrency markets. But I have never heard of Bitcoin, such people are not found at all.
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In these times of turmoil, Gold is reaching new ATHs in price. But Bitcoin doesn't leave behind. With a limited supply of only 21 million coins, hardened security, and a focus on decentralization, Bitcoin is often viewed by many as the successor of Gold. One of Bitcoin's greatest benefits on top of Gold, is portability. You can virtually carry your Bitcoin with you safely when travelling, without anyone noticing. That's not the case with Gold, as you'd need to carry physical bullion with you. Other than portability, Gold and Bitcoin are very much alike.
Do you think that Bitcoin will be able to replace Gold someday? As we shift into the "intangible" world, people will "ditch" physical stuff in exchange for digital items. Bitcoin can become the new digital Gold which serves as a safe-haven asset (store of value) in times of need. Thoughts? ::)
Gold ? it couldn't be replaced as long as gold material still exist.
I don't believe bitcoin will replace gold because different asset.
Gold is physical asset, as many people know.
And bitcoin is digital asset.
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Bitcoin and Gold are actually different but the same, Bitcoin and Gold are different but both have a high investment value.
Gold may be superior because of its beautiful shape when processed professionally, while Bitcoin is Digital that does not have any form.
For investment matters, I believe Bitcoin will be able to replace Gold, because we know the value of Bitcoin can rise very quickly.
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in my opinion, these are two different elements, everyone knows about gold today, but knows much less about bitcoin, if this happens, then in 50 years until the whole world knows about cryptocurrency
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Bitcoin price go high day by day and the gold price will not go high like the Bitcoin and this time the gold make a good price but not like the Bitcoin in future peoples will just to invest in the Bitcoin market and they know that they make good money through this business in a short time.
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I think now if there is a difference between Bitcoin and Gold, then I would choose Bitcoin. Because nowadays most people invest in bitcoin as compared to gold. And it is possible to make huge profits by investing in Bitcoin as compared to gold. So now it is possible to make a profit by investing in Bitcoin rather than gold.
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I think now if there is a difference between Bitcoin and Gold, then I would choose Bitcoin. Because nowadays most people invest in bitcoin as compared to gold. And it is possible to make huge profits by investing in Bitcoin as compared to gold. So now it is possible to make a profit by investing in Bitcoin rather than gold.
Yes, most people invested in bitcoin than gold, because bitcoin and altcoins are more profitable.
I think always investment want to get more profit.
That's the fact , gold is more stable.
crypto currency is more volatile, also more profitable
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Bitcoin and gold are the two most popular currencies in the world Which is currently invested by everyone. However, if a distinction can be made between Bitcoin and Gold, it can be seen that Bitcoin is more invested than gold. So now this bitcoin digital currency has gained the most popularity.
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In my opinion Bitcoin will never be able to replace the circulation of local or fiat currency because until now bitcoin has a very expensive price from the influence of a very limited supply of bitcoin so I don't think it is possible to replace fiat currency which is used for many people from various countries because it will definitely give a price game that might make some people lose money.
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Gold is used as a store of value by those with "older" mentality: low volatility, usually rising. Read article on Bricta.com
Bitcoin is used by those with some more appetite for risk and more tech savvy.
In time Bitcoin will become more stable. In time the older people will... leave room to others, which may at least be more tech savvy.
Now there's a demand for both. In time the balance will probably shift more and more towards Bitcoin.
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In these times of turmoil, Gold is reaching new ATHs in price. But Bitcoin doesn't leave behind. With a limited supply of only 21 million coins, hardened security, and a focus on decentralization, Bitcoin is often viewed by many as the successor of Gold. One of Bitcoin's greatest benefits on top of Gold, is portability. You can virtually carry your Bitcoin with you safely when travelling, without anyone noticing. That's not the case with Gold, as you'd need to carry physical bullion with you. Other than portability, Gold and Bitcoin are very much alike.
Do you think that Bitcoin will be able to replace Gold someday? As we shift into the "intangible" world, people will "ditch" physical stuff in exchange for digital items. Bitcoin can become the new digital Gold which serves as a safe-haven asset (store of value) in times of need. Thoughts? ::)
Never, I think It's impossible.
Gold will be legend of assets. because real asset.
Bitcoin is digital asset always be digital platform.
So, don't think digital asset will replace real asset.
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In these times of turmoil, Gold is reaching new ATHs in price. But Bitcoin doesn't leave behind. With a limited supply of only 21 million coins, hardened security, and a focus on decentralization, Bitcoin is often viewed by many as the successor of Gold. One of Bitcoin's greatest benefits on top of Gold, is portability. You can virtually carry your Bitcoin with you safely when travelling, without anyone noticing. That's not the case with Gold, as you'd need to carry physical bullion with you. Other than portability, Gold and Bitcoin are very much alike.
Do you think that Bitcoin will be able to replace Gold someday? As we shift into the "intangible" world, people will "ditch" physical stuff in exchange for digital items. Bitcoin can become the new digital Gold which serves as a safe-haven asset (store of value) in times of need. Thoughts? ::)
Never, I think It's impossible.
Gold will be legend of assets. because real asset.
Bitcoin is digital asset always be digital platform.
So, don't think digital asset will replace real asset.
I prefer to save both for future assets because if you only keep assets in the form of gold then you can't get much profit because stable price movements cannot provide enjoyment for gold holders, while bitcoin, you can see bitcoin price movements from the start created up to the current bitcoin price, so I think there will be a lot of profit depending on how you use gold and bitcoin.
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Bitcoin is a very prefer digital currency in the cryptocurrency market. It's price is very high level than others crypto.I think that after a few years it's crossed 100k.We also believe that gradually it's price will increase.So i trust that in the future bitcoin overtake past valu and it's created new discover.So i trust that in the future it's replace of gold.
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First we need to think that the use case of bitcoin and gold is different. But if the gold money system come out in future generation as like people used gold as money, then bitcoin never be able to replace the gold . On the other hand , this presents situation is running under technology and if the young generation want something money system via online then bitcoin is the solution for them. In this case , bitcoin can easily replace the gold.
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Bitcoin is a very prefer digital currency in the cryptocurrency market. It's price is very high level than others crypto.I think that after a few years it's crossed 100k.We also believe that gradually it's price will increase.So i trust that in the future bitcoin overtake past valu and it's created new discover.So i trust that in the future it's replace of gold.
Even if bitcoin increases in price several times, this does not mean at all that it can replace gold. This will never happen, because he simply cannot do it. Price plays absolutely no role here. But the fact that bitcoin and gold have practically nothing in common with each other, so that such a replacement could be considered even theoretically, plays a significant role.
Gold has existed in its status for many millennia and will certainly exist for as many more. We can say something about bitcoin for a little over ten years. Not impressive.
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Bitcoin and gold exist in different worlds - virtual digital and physical. As financial assets, they are not something, but that they are different, but they are practically diametrically opposed.Therefore, they can complement each other, but not replace each other. In any case, there will always be a need for gold.
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There are use of gold that Bitcoin can't do and vice versa. Why do you think gold is rising right now if its future is perceived to be doomed because of Bitcoin? These two assets are to increase their value due to demand and known many uses and benefits.
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Bitcoin, like gold, is a limited resource. The world's physical gold market is valued at $ 2.6 trillion today, including assets held in gold ETFs, according to JPMorgan research. Of course, the cryptocurrency sector is dozens of times smaller, but bitcoin also has a limited supply of coins, which makes it as scarce as the precious metal. Therefore, both gold and bitcoin can be used to store savings from inflation. For example, companies like MicroStrategy and Mode have already invested some of their profits in bitcoin. Business representatives see cryptocurrencies as an alternative way to protect assets from dollar inflation.
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As a matter of fact Bitcoin cannot replace gold though it has attained a high value and popularity. Gold is a natural asset and it's tangible while Bitcoin is a cryptocurrency which is intangible and it's also a digital asset and also it cannot be exchanged physically.
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I don't think bitcoin can ever replace gold because they have very different physical forms, gold is very useful when everything goes back to the stone age where there was no electricity and no internet so gold can be a very valuable item than gold, so gold is still survive in the future.
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yes but it will depend on the economy of any country, gold use in all over the world but bitcoin is not, so in future there is lot of room for Bitcoin , and Bitcoin have the ability to be number one. and this is good for all over the world
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I am quite certain that it won't replace gold. Unless our need for gold in various practical application changes, unless we find a way to mine it and process it in more efficient ways, Gold is here to stay, regardless of Bitcoin's popularity.
Both are different thing, gold is real asset and we all know bitcoin is digital asset.
So, I don't believe bitcoin will replace gold at the coming future.
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I don't think so, it will just become an alternative. They are completely different.
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In centuries, nothing has replaced gold as an asset, so no, Bitcoin is not in the same category, it is a virtual currency, and most prefer an in hand asset like ...
48 answers
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240 votes:
Trading and investing in cryptocurrencies involves substantial risk of
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Maybe this will happen because all states evaluate their gold as stability in their country. Bitcoin as an assistant in transfers between countries is a very convenient payment system where a minimum commission is charged for the transaction of large amounts.
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This issue has already been discussed many times and the majority has always expressed the opinion that bitcoin cannot replace gold. I am also of the same opinion. Bitcoin and gold are completely opposite financial assets, they are united only by a relatively high cost. The same situation with these assets will remain. There is no point in changing anything.
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I agree. And I think this is a good thing - the more things there are to trade and profit from, the better. Why trade just Bitcoin or just Gold when one can trade both? :D
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Bitcoin will be best in all our the world gold is small like a baby to cross for bitcoin bitcoin will best of the world every one like bitcoin all our the world every one is coming to buy bitcoin.
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The truth is that I do not think that BTC replaces gold, it does not make sense that gold competes with BTC or vice versa, both represent money, this is like saying that it is more valuable to have Btc than Fiat money, it is not like that, both represent money, the Gold has a long history, it is accepted worldwide, it has brought many countries out of crisis, this is something that BTC has not yet done, however BTC is one of the best things that has happened to it in the world, with just a little more than 10 years and has achieved a lot, this means that it will be successful and great value in the future.
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Gold is the resources created by earth for me, but digital currency is a digital resource that protects everyone wealth especially those who comes from weaker country.
excite88.com
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In the future more people will choose Bitcoin over gold, If that's what you mean then I totally agree.
I see today, many stock and forex investors have switched to Cryptocurrency (Bitcoin).
This is because the potential for profit in Bitcoin is greater, and this will also be the case for Gold Investors.
In the future, many Gold investors will move to Bitcoin.
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In the future more people will choose Bitcoin over gold, If that's what you mean then I totally agree.
I see today, many stock and forex investors have switched to Cryptocurrency (Bitcoin).
This is because the potential for profit in Bitcoin is greater, and this will also be the case for Gold Investors.
In the future, many Gold investors will move to Bitcoin.
It is necessary to look more realistically at cryptocurrency, fiat money and such an eternal value as gold. Cryptocurrency will not displace either fiat or gold. It can only occupy a certain niche in the global financial system, where fiat will still play the leading role.
Gold will retain its value at all times, cryptocurrency can increase its role in the financial life of our society, gold will always remain gold.
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I think for Bitcoin to truly replace gold it would have to become less volatile. Even though it has established itself as a prestigious and trustworthy cryptocurrency, it is still considered a high-risk asset as opposed to gold. It is a great store of value, though, and in the future I can imagine it will have a similar role.
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I think for Bitcoin to truly replace gold it would have to become less volatile. Even though it has established itself as a prestigious and trustworthy cryptocurrency, it is still considered a high-risk asset as opposed to gold. It is a great store of value, though, and in the future I can imagine it will have a similar role.
Me too, I also believe bitcoin will replace gold someday.
We all know gold is real asset, bitcoin is digital asset.
At the digital era, I think digital currency will dominant.
But It might happen at the next 5 years again, maybe.
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It is necessary to look more realistically at cryptocurrency, fiat money and such an eternal value as gold. Cryptocurrency will not displace either fiat or gold. It can only occupy a certain niche in the global financial system, where fiat will still play the leading role.
Gold will retain its value at all times, cryptocurrency can increase its role in the financial life of our society, gold will always remain gold.
You are right, I also don't mean to say Bitcoin will replace Gold. Because I know it will not be possible, But for this investment we have seen a lot. Increases in Gold are very long, and cannot be like Bitcoin. For Investment Bitcoin is much better than Gold.
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Gold will be the old gold when found and Gold will not be replaced by Bitcoin.
Bicoin may go up and down beat the price of Gold but Gold will not be replaced.
I will choose Gold and Bitcoin as my main assets and it is a wise choice, we don't need to debate these two assets for a good choice because Gold and Bitcoin are the best assets for now as an investment tool.
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Gold and bitcoin are almost completely opposite financial assets. They have nothing in common, except for the high price. They can complement each other well, but they cannot displace each other. Cryptocurrency still needs a long time to establish itself in society, and gold has been around for thousands of years. Humanity needs to be reinsured, different financial assets should be used as currency. Cryptocurrency needs the Internet, certain technical devices, energy. All this can disappear in an instant after some global catastrophe.
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There is a big difference between the Gold and the Bitcoin becasue Gold price will not go high instantly like the BTC but the BTC price go high so much in a single day and also it will comes down like this. So we need to invest in the Bitcoin and hold this for a short time when the price go high then we need to sell our coin in a good price.
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There is a big difference between the Gold and the Bitcoin becasue Gold price will not go high instantly like the BTC but the BTC price go high so much in a single day and also it will comes down like this. So we need to invest in the Bitcoin and hold this for a short time when the price go high then we need to sell our coin in a good price.
yes, it is clear that the difference between gold and bitcoin is of course the obvious one physically, because gold can be seen as not for bitcoin. if you are right about the price, that bitcoin is always changing rapidly depending on the market at that time, if you really want to use the daily price difference for trading, of course you can do it with bitcoin and it is very interesting, but it does take time to keep watching.
but bitcoin has advantages that gold does not have, where bitcoin will continue to increase sharply every time the halving occurs and is very good for long-term investment, gold is also very good for long-term investment but the increase is not as big as bitcoin.
but whether bitcoin will be able to replace gold? will never happen, because they are two very different things and have their own capacities and interests. they will run on their own with very different uses.
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There is a big difference between the Gold and the Bitcoin becasue Gold price will not go high instantly like the BTC but the BTC price go high so much in a single day and also it will comes down like this. So we need to invest in the Bitcoin and hold this for a short time when the price go high then we need to sell our coin in a good price.
Yeah bitcoin and altcoin will give us the large profit than gold.
Gold is more stable, bitcoin is more profitable to invest because high volatile.
I didn't think bitcoin will replace gold , it I believe bitcoin is more profitable than gold.
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I don't agree with this, But I think anything can happen at the world.
Maybe one day bitcoin will replace gold.
Gold is physical assets, bitcoin is digital asset.
It will happen at the digital era.
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Yeah bitcoin and altcoin will give us the large profit than gold.
Gold is more stable, bitcoin is more profitable to invest because high volatile.
Bitcoin and altcoins offer higher profits but don't forget the risk is bigger. The price of Bitcoin and altcoins are unpredictable, they can increase massively and can decrease very sharply as well. There is no guarantee that Bitcoin and altcoins to survive a long time, we only can guest the indicators. While gold, must survive from year to year, it has been proven to us. This investment is the safest one, but does not offer the profits as big as in Bitcoin or altcoins.
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They will continue to exist side by side. Two totally different asset classes
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I don't agree with this, But I think anything can happen at the world.
Maybe one day bitcoin will replace gold.
Gold is physical assets, bitcoin is digital asset.
It will happen at the digital era.
I agree, that btc will be able to replace gold digitally but it may be physically difficult to happen.
because we cannot avoid that the digital era in the future will occur and the possibility in physical form will soon be abandoned. but it may take a process and time is not possible instantaneously.
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talking about the opportunity of bitcoin to replace gold at the coming future, I think It's difficult.
I don't agree with the opinion that said it will happen.
I think both are two different thing
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I don't agree with this, But I think anything can happen at the world.
Maybe one day bitcoin will replace gold.
Gold is physical assets, bitcoin is digital asset.
It will happen at the digital era.
I agree, that btc will be able to replace gold digitally but it may be physically difficult to happen.
because we cannot avoid that the digital era in the future will occur and the possibility in physical form will soon be abandoned. but it may take a process and time is not possible instantaneously.
Cryptocurrency will never replace gold. In the same way, cryptocurrency will not be able to displace fiat. This could still be possible if they lived in the world of spirits, without a corporeal shell. But we live in the material world. In order to use cryptocurrency everywhere, you need special equipment, software, energy and the Internet, theoretical and practical knowledge in this area. There will always be a lot of people who do not want to complicate their lives. Therefore, the cryptocurrency will take its place in the global financial system and will cooperate and interact with it.
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Bitcoin appears to have the potential to dethrone gold and oil as the preeminent stores of value. According to a recent Goldman Sachs report, as digital assets become more widely adopted, Bitcoin may overtake gold's market share by 2022. Bitcoin may become that in the future, but it is currently too volatile to replace gold.
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In these times of turmoil, Gold is reaching new ATHs in price. But Bitcoin doesn't leave behind. With a limited supply of only 21 million coins, hardened security, and a focus on decentralization, Bitcoin is often viewed by many as the successor of Gold. One of Bitcoin's greatest benefits on top of Gold, is portability. You can virtually carry your Bitcoin with you safely when travelling, without anyone noticing. That's not the case with Gold, as you'd need to carry physical bullion with you. Other than portability, Gold and Bitcoin are very much alike.
Do you think that Bitcoin will be able to replace Gold someday? As we shift into the "intangible" world, people will "ditch" physical stuff in exchange for digital items. Bitcoin can become the new digital Gold which serves as a safe-haven asset (store of value) in times of need. Thoughts? ::)
Gold is classic asset and has been known well by almost people at the world..
Both are different thing Gold is physical asset and crypto is digital asset.I don't think bitcoin will replace gold.
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I don't agree with this, But I think anything can happen at the world.
Maybe one day bitcoin will replace gold.
Gold is physical assets, bitcoin is digital asset.
It will happen at the digital era.
I agree, that btc will be able to replace gold digitally but it may be physically difficult to happen.
because we cannot avoid that the digital era in the future will occur and the possibility in physical form will soon be abandoned. but it may take a process and time is not possible instantaneously.
Bitcoin, like any other cryptocurrency, cannot replace gold. It is excluded in principle. The digital age cannot replace our existence in this material world. Therefore, digital money will become another type of money, and not dominant in the global financial sector. Even if such a possibility existed, the states would not allow it.