Bitcoin will not replace gold

[Honny143 13612]

1 hour ago, Calvinpriva said:

My friend @Honny143 I think many people thinks Bitcoin will replace Gold because a lot of them only invested in Bitcoin and not in Gold. Just as you said, Gold is accepted in any country and even the governments are investing in Gold, that is why Bitcoin will not replace Gold.

Yes @Calvinpriva my friend I agree  bitcoin good for investment and we earns good profit within Short period, so peoples thinks bitcoin replace gold but they do not understand if any unusual think happens then maybe bitcoin disappeared,

but gold its real asset no one destroyed gold so don't compared bitcoin with gold, both are different assets and gold its exist thousands of years and bitcoin only invented 10 backs so just think the difference.

[Dark Shadow 295]

11 hours ago, Calvinpriva said:

Yeah, it's hard for bitcoin to replace Gold because both of them are profitable and useful. There are special banks for storing Gold, the richest people from different places in the world they store their money in those banks in the form of Gold, so anytime they need money they just sell few piece(s). That is why bitcoin can't replace Gold, many people are using it.

@Calvinpriva The adoption of Gold is a lot as compared to Bitcoin because Gold has been there for centuries while Bitcoin is relatively very new. So Many investors prefer Gold because of it's stability and acceptance. But Bitcoin also has its advantages. So they both have their own places and neither of them can replace the other.

[Calvinpriva 17296]

19 minutes ago, Dark Shadow said:

@Calvinpriva The adoption of Gold is a lot as compared to Bitcoin because Gold has been there for centuries while Bitcoin is relatively very new. So Many investors prefer Gold because of it's stability and acceptance. But Bitcoin also has its advantages. So they both have their own places and neither of them can replace the other.

Well said @Dark Shadow Gold and Bitcoin both are important because all of them are need by a lot of people for investing. It is true neither of them can replace the other, because all of them are important and profitable on its own ways.

[Dark Shadow 295]

11 hours ago, Roop said:

I absolutely agree you. They have their own features and importance. They will work along side by side. They are so competitive with each other. I dont think it will replace.

Exactly @Roop. Both have their own key roles to play, both of them have their advantages and disadvantages and both are very well accepted in their own sectors. So neither of them could replace the other

[Faska fas 307]

There are a thousand reasons why we need to work to really be sure that we are able to really be working in this world of this crypto currency because when you look at what is happening we are trying to look for freedom and bitcoin represents that, gold represents value , you know what is the value of bitcoin and thats what happened

[Noman tabassum 1334]

No this can't happen, gold is a hardware, bitcoins is in soft form, bitcoins are future with digital currency 

[Mubarak Salihu Ahmed 1350]

Yes because its different in value for instance bitcoin is a currency highly regarded why gold is a natural tangible but both drop in value at times.but it still remains bitcoin will not replace Gold.

[The Game 2059]

Here are some of my reasons why bitcoin would not replace gold. This are two different things with two different values.

Gold are natural resources available to humanity worldwide. However it is a yellow precious metal, used especially in jewellery and others decoration respectively.

Bitcoin are cryto currency which was invented by man made and it usually operate online with a full access of network where transaction can take place without meeting the second party nor the third party respectively. From my point of view we all came to this world without knowing anything about bitcoin only for it to appear in the early 21st century but as for gold is from cradle to grave.

[Amiami 1362]

I share your opinion, I have never understood the obsession of some for the subject, they do not understand that they are values intended for different audiences that seek to earn or save money, basically there is a correlation between both worlds and that was confirmed a few months ago.

[MARAMBEN 278]

Currently I see that it has exceeded the price of gold, but people who do not believe in Bitcoin see that gold is not compared with any currency

[Moaz 7239]

I completely agree with you, my friend, Bitcoin cannot replace gold or vice versa because both are rare and have the confidence of major investors in the world as safe havens for their money, but for me I prefer Bitcoin over gold because its price is variable and you can make good profits by trading Bitcoin or invested.

[almamunany 69]

Gold and bitcoin is not same but you can earn bitcoin and after getting money exchange of bitcoin then you can buy gold. Actually bitcoin is the block chain-based crypto-currency which means properties of gold.

[ETheHedgehog 3104]

i think of bitcoin not that it will completely replace gold for investments, but becoming an alternative that all people know about, not just some people, like right now even with all the growth that happened to crypto, there are still millions of people that believe crypto is a scam and fake and you can't earn from it, while no one would say such things about gold, so i think in the future both of them would be quite equal and people can choose what they like

[Awais bhatti 78]

Well according to my opinion both are going great but i think people prefer most to buy Gold because bitcoin is  considered llegal in some countries,so i think gold will be the better option for them.

[sp19a1ma034 241]

Bitcoin will not replace the gold .Because bitcoin value is more rather than gold.gold price is more low rather than bitcoin.bitcoin is the king of cryptocurrency.its more profitable currency rather than gold.

[Guru2050 8284]

There are some reasonable factors that distinctively differentiate between bitcoin the top leading coin and therefore placing it above any given currency. Volatility in nature of bitcoin has been the solid reason for it respect, making it most valuable and profitable coin in this generation

[Tannah 1228]

Bitcoin and gold both are valuable at market now. I Think bitcoin can never replace with gold because gold is an hardware we can touch it, can store it physically but bitcoin is a software, we cannot touch bitcoin and cannot store it physically. Gold is from offline and bitcoin is from online.                

[RonaldB 48]

Yes, my friend, I agree with you, Bitcoin will not replace gold, as gold is a precious metal, and the demand for it remains for a long time, and its price remains linked to the exchange rate in global stock exchanges and has many differences from Bitcoin, but in my opinion, both are profitable if a good strategy is put in place to invest them.

[Farsa fat 328]

In my opinion, investing in gold has become traditional and old, and you cannot earn a lot of money, so I prefer to invest money in Bitcoin and cryptocurrencies instead of gold because Bitcoin is a modern currency and it will have a better future than gold, especially if dealing in Bitcoin becomes permissible in all countries

[Anoni 65]

It isn’t  a good idea to replace gold with bitcoin . Both have individual  value in market. Gold is valuable and popular  at physical market and bitcoin  is valuable and popular at crypto currency. One is metal and one is software . So how did it possible for replacement ? 

[Sotorupa 972]

Bitcoin cannot be replaced with gold because one is metal and one is software. Software cannot be replaced with a metalic. Gold and bitcoin both are valuable at different sector. Gold is valuable for It's existence. If it disappear, the value will be zero. Bitcoin can be valuable at physical but is is more valuable at cryptocurrency                        

[Yad hair 358]

I agree with you bitcoin can't replace gold, there are both essential in there own aspect, which is bitcoin has its own functions and same as gold, bitcoin is an asset which fluctuates in price, the fluctuations is what makes it profitable, while gold is a commodity which could be used in production of goods like jewelries and it's price is stable, there are much more difference between gold and bitcoin, so I think non will take each other's place

[Waqar Taymoor 0]

I am strongly agree with you. Gold and BTC ate two different things. Gold physically exist but BTC is digital currency. No BTC is well known currency all over the and have high value in the exchange market. How can it replace gold when it doesn't have physical existence.

[Ezra 630]

Not, because bitcoin and gold have diifferent application some things are not applicable to each other and if you want to converted or exchange some situations one of them are not accepted.

[Sofien crypto 1]

Bitcoin is better than gold and an investment that gives unparalleled profits.