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Author Topic: Will Bitcoin replace Gold someday?  (Read 29880 times)

Offline Vladok

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Re: Will Bitcoin replace Gold someday?
« Reply #30 on: September 26, 2020, 06:44:50 PM »
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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Re: Will Bitcoin replace Gold someday?
« Reply #30 on: September 26, 2020, 06:44:50 PM »

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Re: Will Bitcoin replace Gold someday?
« Reply #31 on: September 26, 2020, 07:23:38 PM »
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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Offline Fenix

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Re: Will Bitcoin replace Gold someday?
« Reply #32 on: September 26, 2020, 07:53:05 PM »
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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Offline Artillery69

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Re: Will Bitcoin replace Gold someday?
« Reply #33 on: September 27, 2020, 05:23:07 PM »
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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Re: Will Bitcoin replace Gold someday?
« Reply #34 on: September 27, 2020, 06:34:55 PM »
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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Re: Will Bitcoin replace Gold someday?
« Reply #35 on: September 27, 2020, 11:31:32 PM »
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!

Offline Positive

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Re: Will Bitcoin replace Gold someday?
« Reply #36 on: September 28, 2020, 11:16:54 AM »
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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Re: Will Bitcoin replace Gold someday?
« Reply #36 on: September 28, 2020, 11:16:54 AM »


Offline ashraf786100

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Re: Will Bitcoin replace Gold someday?
« Reply #37 on: September 28, 2020, 12:25:08 PM »
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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Offline Riya143

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Re: Will Bitcoin replace Gold someday?
« Reply #38 on: September 28, 2020, 12:49:55 PM »
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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Offline Noverteno

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Re: Will Bitcoin replace Gold someday?
« Reply #39 on: October 17, 2020, 06:10:34 PM »
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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Re: Will Bitcoin replace Gold someday?
« Reply #40 on: October 17, 2020, 06:18:17 PM »
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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Re: Will Bitcoin replace Gold someday?
« Reply #41 on: October 18, 2020, 12:14:21 AM »
If bitcoin would be number one acceptance cryptocurrency in  globally then bitcoin can replace gold.
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Offline Seerge

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Re: Will Bitcoin replace Gold someday?
« Reply #42 on: October 18, 2020, 02:24:56 AM »
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.

Offline yitzjoe

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Re: Will Bitcoin replace Gold someday?
« Reply #43 on: October 18, 2020, 04:16:20 AM »
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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Offline Shahinaz

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Re: Will Bitcoin replace Gold someday?
« Reply #44 on: October 18, 2020, 05:49:47 AM »
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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