Will bitcoin replace gold?

[Niteroy]

Bitcoin and Gold can exist simultaneously, just as there are different world currencies, Gold, stocks, derivatives, and so on. Bitcoin and Gold simply have different roles, risk levels and technical characteristics. Someone wants to invest in physical Gold, and someone wants to invest in digital Gold (Bitcoin), so I do not think they will compete with each other.

[PRIBO247]

Bitcoin and Gold are two different components with different focal points. For me,The value of Gold does not diminish and is not volatile like Bitcoin so it is a better choice investment wise Oliver Bitcoin.

[aiviaa485]

It's very difficult to say that because it's clear the strength of Bitcoin can be stolen by hackers.
Then this will make the FUD for Bitcoin make the price drop or Dump, but if the gold is stolen it won't be like that or Dump.

[Abdee]

bitcoin is different from gold, and I think bitcoin cannot replace gold, because the supply is very limited and that makes the price of gold more stable but if bitcoin becomes an alternative investment other than gold it can happen if all countries can accept bitcoin as a means of payment

[aldenlim]

Bitcoin is a cryptocurrency and it is a digital object that has a monetary value to us humans and Gold is a physical object
with a dimension and also has a value to us, both of this valuable things have their own advantage and disadvantage and
they will never replace each other. Bitcoin will stay as Bitcoin a digital currency and Gold will stay as Gold a valuable element.

[auns]

for now many people are turning to bitcoin to invest because bitcoin has more profit opportunities, but there are some people who still believe and feel comfortable investing in gold, so I think bitcoin can't replace gold completely

[reaterfecon1954]

bitcoin and gold are different. Although bitcoin can be called gold on the internet, it is very different from gold in the real world.

[elrozaqo]

Gold in general is no better. The value of gold is nothing more than a result of a global consensus - at the moment everyone agrees to consider gold a measure of value, simply because this measure is in some form or another necessary. If we assume a utopian situation, that tomorrow everyone agrees that gold is not such a measure, then it will be good only for the production of quality wires and trinkets.
The btc is gaining momentum for exactly the same reason - the global consensus towards the btc is constantly being strengthened. In this case, unlike gold, the cue-ball is not only a measure of value, but also a settlement system, and gold is not a competitor for this parameter.

It is difficult mate.  It will take several years again. I see bitcoin is struggling. The price is going down.

[kent47400]

Never, Bitcoin can't beat Gold.
Just look now that Bitcoin lost its price and continued to fall until the price of 3800 USD.

Everyone panic and get stressed !!!

[Nate11]

Bitcoin is on its own level, likewise gold.
Gold is physical that's is it's feltwhile Bitcoin is virtual cannot be felt.
So when you say that Bitcoin will replace gold, I begin to imagine how possible it's going to be.

[bitbit97]

I doublt that bitcoin will ever replace gold. Take a look on bitcoin price - during 1 year (raughly) its prices has decreased 4 times, than it was in January.

I dont remember such a fact in history of gold, thats its value has recreased 4 times in 1 year

[IyemRoker]

Never, Bitcoin remains Bitcoin and it still exists in the digital world.
Gold is in the real world and both of them have their own vision.

[shiftdel]

Impossible, Bitcoin is digital money and also digital investment. While gold is a good investment object as well and certainly beneficial and has its form. In fact, Bitcoin and Gold are different and their world is different. So I will not agree if Bitcoin will replace Gold.

[Stuart]

Bitcoin and Gold are of two distinct parts. Gold is not volatile as compared to bitcoin, and its price is stable and there is no fear of holding it for a long term. When it comes to bitcoin, the price can skyrock at anytime and dump also at anytime(i.e dump and pump seniero), which means the price is not stable.
On the other hand, gold is a natural resource that has its worth and its a precious stone, but bitcoin is a digital currency, and not a natural material.
Bitcoin cannot replace gold.

[elbans89]

Gold in general is no better. The value of gold is nothing more than a result of a global consensus - at the moment everyone agrees to consider gold a measure of value, simply because this measure is in some form or another necessary. If we assume a utopian situation, that tomorrow everyone agrees that gold is not such a measure, then it will be good only for the production of quality wires and trinkets.
The btc is gaining momentum for exactly the same reason - the global consensus towards the btc is constantly being strengthened. In this case, unlike gold, the cue-ball is not only a measure of value, but also a settlement system, and gold is not a competitor for this parameter.

I think It is difficult mate. Bitcoin will not replace gold. I see the price of bitcoin is going down. Gold is more stable than bitcoin.