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Author Topic: Will Bitcoin replace Gold someday?  (Read 30603 times)

Offline mlawson71

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Re: Will Bitcoin replace Gold someday?
« Reply #225 on: October 22, 2021, 06:14:58 PM »
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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Re: Will Bitcoin replace Gold someday?
« Reply #225 on: October 22, 2021, 06:14:58 PM »

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Offline Linda78

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Re: Will Bitcoin replace Gold someday?
« Reply #226 on: October 24, 2021, 02:06:20 PM »
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.
« Last Edit: October 28, 2021, 01:46:17 PM by Linda78 »

Offline Mahindra

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Re: Will Bitcoin replace Gold someday?
« Reply #227 on: October 25, 2021, 02:19:25 PM »
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.
Mahindra

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Re: Will Bitcoin replace Gold someday?
« Reply #228 on: October 25, 2021, 05:43:20 PM »
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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Re: Will Bitcoin replace Gold someday?
« Reply #229 on: October 25, 2021, 06:10:47 PM »
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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Offline Lanirex

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Re: Will Bitcoin replace Gold someday?
« Reply #230 on: October 26, 2021, 09:23:23 PM »
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.

Offline trofim21

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Re: Will Bitcoin replace Gold someday?
« Reply #231 on: October 26, 2021, 09:42:11 PM »
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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Re: Will Bitcoin replace Gold someday?
« Reply #231 on: October 26, 2021, 09:42:11 PM »


Offline Muneeb22

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Re: Will Bitcoin replace Gold someday?
« Reply #232 on: October 26, 2021, 10:44:28 PM »
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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Re: Will Bitcoin replace Gold someday?
« Reply #233 on: October 27, 2021, 02:16:53 PM »
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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Re: Will Bitcoin replace Gold someday?
« Reply #234 on: October 28, 2021, 02:00:48 AM »
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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Re: Will Bitcoin replace Gold someday?
« Reply #235 on: October 28, 2021, 02:55:46 PM »
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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Re: Will Bitcoin replace Gold someday?
« Reply #236 on: October 29, 2021, 09:23:08 AM »
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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Offline helenbrown

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Re: Will Bitcoin replace Gold someday?
« Reply #237 on: November 10, 2021, 01:38:53 PM »
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.
« Last Edit: November 11, 2021, 09:17:46 AM by helenbrown »

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Re: Will Bitcoin replace Gold someday?
« Reply #238 on: November 10, 2021, 02:21:52 PM »
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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Offline EthereumDev_

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Re: Will Bitcoin replace Gold someday?
« Reply #239 on: November 10, 2021, 03:42:07 PM »
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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