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Author Topic: Why I don't believe bitcoin can replace gold  (Read 13427 times)

Offline anshor1

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Re: Why I don't believe bitcoin can replace gold
« Reply #15 on: November 15, 2020, 01:41:14 PM »
Gold has its own value, this is a real asset and of course, bitcoin can't replace it. Bitcoin was created it's not because want to replace gold.
I just don't know with people's minds why to discuss this. It's not relevant with bitcoin purpose

Yes, I agree Bitcoin has been created for digital currency not for replace gold. Gold is remain gold, No coin can replace it's position. Gold is good for Investment, little risk , but It's also not profitable. For now, I think bitcoin is more profitable.

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Re: Why I don't believe bitcoin can replace gold
« Reply #15 on: November 15, 2020, 01:41:14 PM »

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Re: Why I don't believe bitcoin can replace gold
« Reply #16 on: November 15, 2020, 01:47:23 PM »
Because these two investments are very different. The value of gold has been increasing over time, although it is slow. Meanwhile, bitcoin price continues to rise and fall. Even investing in bitcoin is uncertain.
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Offline jet

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Re: Why I don't believe bitcoin can replace gold
« Reply #17 on: November 15, 2020, 02:51:36 PM »
I also don't think bitcoins or any crypto currency would replace gold! first, Gold has its physical appearance that could be assess it's value base on the content of it. further, gold uses as a jewelry for us humans. while BTC or cryptocurrency is just a digital numbers represented with imaginary value that created base on human wants. the market dictates the price base on numbers and activity of Bitcoin or any currency in the marketplace.
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Re: Why I don't believe bitcoin can replace gold
« Reply #18 on: November 15, 2020, 04:27:29 PM »
I believe It's impossible for bitcoin to replace other things like oil and gold because of it's decentralization. Do you think government will allow bitcoin to replace gold? How can a car run without gas and oil? What I mean is everyone of them have an special rule in our economy despite of their value. Also they have different features and uses , So  Bitcoin will not replace any other thing.

Offline Riya143

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Re: Why I don't believe bitcoin can replace gold
« Reply #19 on: November 15, 2020, 04:37:43 PM »
Gold was a long-standing attraction. Nowadays most people are attracted to time. However, if the position of Bitcoin is marked all over the world, then the position of Bitcoin is noticeable after gold. But I don't think Bitcoin can replace gold. Because gold has made a good position long ago. Gold and bitcoin are very valuable all over the world. Which can never replace each other.
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Offline Tnoy30

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Re: Why I don't believe bitcoin can replace gold
« Reply #20 on: November 15, 2020, 06:10:43 PM »
Today people are more attracted to Bitcoin. As attractive as Bitcoin is around the world, Bitcoin will never be able to replace gold. Because gold has already taken place in people's minds in a good position. Gold will never let anyone else come to its place. But the gold that is valuable to the forest people is valuable to the bitcoin people. Bitcoin is more valuable than gold than me.

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Re: Why I don't believe bitcoin can replace gold
« Reply #21 on: November 15, 2020, 06:16:19 PM »
Today people are more attracted to Bitcoin. As attractive as Bitcoin is around the world, Bitcoin will never be able to replace gold. Because gold has already taken place in people's minds in a good position. Gold will never let anyone else come to its place. But the gold that is valuable to the forest people is valuable to the bitcoin people. Bitcoin is more valuable than gold than me.
Metal always constant in nature with price and availability but bitcoin is a virtual cryptocurrency but it has no acceptance throughout the world. People are involving bitcoin but if governments of all countries are allowing Bitcoin then it can easily talk about bitcoin that better than gold.
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Re: Why I don't believe bitcoin can replace gold
« Reply #21 on: November 15, 2020, 06:16:19 PM »


Offline Lenipiw

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Re: Why I don't believe bitcoin can replace gold
« Reply #22 on: November 15, 2020, 07:18:38 PM »
Governments in most countries are not aware of bitcoin. As a result, bitcoin is not approved in most countries. As a result, the spread of bitcoin cannot be accepted by the governments of all countries. However, gold as a metal is known in all countries and has a lot of use. Gold is popular all over the world. More and more people prefer to buy gold. But I don't think gold and bitcoin are rivals. Bitcoin is known as an online currency, which has no external form. However, gold has an external form.

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Re: Why I don't believe bitcoin can replace gold
« Reply #23 on: November 15, 2020, 08:37:22 PM »
I believe Bitcoin can replace gold. However, it will take much longer to replace Bitcoin gold. Gold has been a precious metal to humans since ancient times. But Bitcoin is an online currency. So people all over the world don't know much about bitcoin yet. All the people of the world know well about gold. But in the future, everyone will know about Bitcoin. Now maybe Bitcoin will be able to replace gold.

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Re: Why I don't believe bitcoin can replace gold
« Reply #24 on: November 15, 2020, 09:14:07 PM »
Bitcoin will never be able to replace gold. People have been using gold since yesterday. As the population grows, so does the use of gold. Many people nowadays do not have knowledge about Bitcoin. So while Bitcoin is much more popular around the world, there are many people who do not know about Bitcoin. But all people know about gold. And uses large quantities of gold. So gold is common all over the world.

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Re: Why I don't believe bitcoin can replace gold
« Reply #25 on: November 15, 2020, 09:37:37 PM »
Gold is a precious metal. Gold is known as a very precious metal to human beings. There are many traders who stock gold. Gold is much more familiar than Bitcoin. But gold is valuable to people as a metal. But Bitcoin is valuable as an online currency. So the two have different positions. But I think Bitcoin is valuable as a currency.
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Re: Why I don't believe bitcoin can replace gold
« Reply #27 on: November 16, 2020, 09:17:36 AM »
I just don't know with people's minds why to discuss this. It's not relevant with bitcoin purpose
We are free to think and speak up every idea we have particularly in this kind of forum where every topic is possible to talk about.
That is why the topic of the comparison of gold and bitcoin is normal and the discussion puts no limit since this two big things are both top valued in their different dimension. It is about the real most valuable natural product and the king of digital fund. 

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Re: Why I don't believe bitcoin can replace gold
« Reply #28 on: November 16, 2020, 10:04:23 PM »
I agree with that! Gold is a really worthwhile asset, and bitcoin today is an object of manipulation for whales, and until it is distributed among users relatively equally, we will see constant manipulation of the bitcoin price and new profits for large holders and losses for hamsters (
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Re: Why I don't believe bitcoin can replace gold
« Reply #29 on: November 16, 2020, 10:23:24 PM »
Bitcoin will never be able to replace gold. Because gold is a very common metal. People all over the world use gold. However, not all people in the world use bitcoin. There are many countries that don't know about Bitcoin, but they do know about listening. So I think gold is much more popular all over the world, whose popularity cannot be underestimated.

 

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