Will bitcoin replace gold?

[aldenlim]

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.

Correct there mate! Yes gold has a lot of advantage than cryptocurrencies like Bitcoin but these two kinds
of assets are really different just like what you have said gold's price is really stable while Bitcoin is not and
this characteristic attracts different kinds of investors like low-risk takers will surely invest on gold and on
the other hand high risk takers will choose Bitcoin for their investment.

[mlawson71]

Maybe, one day, when its price becomes more stable. I don't think we can hope for that in the foreseeable future though.

[Omah karpet]

everything will not be replaced because the first pure metal gold as jewelry and a safe investment in bitcoin for digital payment instruments can also be used to invest in larger value, both are equally good ..

[I-Bit]

I do not think so. for me Gold is still a valuable object that is irreplaceable and much liked by people all over the world and even People in this world all like it. While for Bitcoin it is still not, Bitcoin still needs a long process and hard work to be famous and can dominate the crypto market in this world, especially to defeat Gold.

[mojerjer]

Bitcoin should not be compared to Gold as they have different in terms of physical aspect but they have something in common in terms of valuability and profitability.

[Jacky]

It'll never happen, friend. Gold has a stable price that tends to rise day to day or even year to year. While bitcoin price is always unstable and tends to decrease month to month. I am doubt if bitcoin can replace gold.

[altery0518]

Everyone of us are familiar in Gold and we know that gold is too expensive and in demand in thee world market and also its market value did not drops instead it continue to increase rapidly so with this i strongly believe that gold is better than bitcoin.

[Nate11]

Both are not same thing, Bitcoin is virtual while gold is physical.
So it's not possible for anyone of them to replace eacth other because they have different funtions.

[dekafee79]

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 will be happen at the several years again when the bitcoin is more stable. Because I see Bitcoin is still high volatile now.

[naitik01]

Gold is a physical asset whereas bitcoin is known as digital currency. The value of gold remains almost the same, while the value of bitcoin is unstable.

[aldenlim]

I do not think so. for me Gold is still a valuable object that is irreplaceable and much liked by people all over the world and even People in this world all like it. While for Bitcoin it is still not, Bitcoin still needs a long process and hard work to be famous and can dominate the crypto market in this world, especially to defeat Gold.

And gold is one of the best stable investment so far when you are not a high-risk taker definitely gold will be the best
investment for people with that personality. Gold can be used by anyone while cryptocurrencies like Bitcoin is like a
privilege to us that we are able to use it and we have the ability to understand it and this is the wall that separates
these two kinds of assets "Knowledge" in my point of view.

[Gedang goreng]

bitcoin and gold are different, although the value is almost the same, but the price of gold is more stable than bitcoin, and bitcoin is electronic money that is not real but exists, whereas gold is physical and real

[droyan]

I think it can be, but therefor ,not the bitcoin that replaced gold, maybe other coin that somewhat in the future Will be replaced :v , go btc to $1k

[Annalise]

Bitcoin is virtual currency while gold is physical like metal.
The structure of Bitcoin cannot survive in. The structure of gold and so it's impossible for bitcointo replace gold

[pragna]

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 can not be ever. You can not carry all time Gold in everywhere at any time that you can carry btc just you have to a smart phone and you can do your necessary works also when BTC will be accepted by everywhere. So Gold can not be a replacement of BTC.