Will Bitcoin replace Gold someday?

[Lenipiw]

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.

[Abubakar56]

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

[Cinno3]

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.

[Mr_KRUSTY]

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.

[I-Bit]

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?

[ayatoslaw]

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.

[Ezzi]

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

[syedrasool2011]

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.

[Piku]

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.

[Cristiano]

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.

[XM8]

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.

[Trumpet]

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.

[DAMKAR]

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.

[Xinarae]

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.

[Trumpet]

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.