Bitcoin will not replace gold

[Marry David 18]

At some point I agree but gold is in use for a longer time period than bitcoin. It is difficult to replace gold but bitcoin is becoming evenly popular these days. Technological development and digital currency is taking the world so let's see what turns out. It might possible that bitcoin will replace gold.

[Mobarok78 28]

Hello my friend. Gold and bitcoin are very expensive. At this time they are very good. The reason for each day increases their price. But I love bitcoin. The reason for this is good. I have it easy to save. But my gold is difficult to save. That’s why I want bitcoin. Gold cannot be based on bitcoin ..

[Malik12 169]

I think bitcoin and gold are equally precious. There is strong reason behind gold is that it is present in physical form and people rely on it because it's price never remain same some time the price of the gold is on peek and sometimes it's price is normal same is happening with bitcoin so in my opinion both are equally precious.

[Najjay 4]

Although they are very similer as you pointed, but i don't think that bitcoin will replace gold, and for a good reason that gold have been there for ages and it is value is still increasing, but u can say bitcoin is like a virtual image of gold.

[Merry Cherry 670]

Bitcoin and Gold both are having their own importance in life. Like Bitcoin is a currency and Gold is not a currency its a metal type so we no need to compare Bitcoin and gold with each other Many people prefer gold beacause of its importance from centuries.

[Erika2003 517]

I believe that bitcoin and gold will not be replaced because these two are partners, perhaps if what can happen is that one sometimes passes to the other but surely later the other will return to its place because above both are rare and they also have great value.

[Tala999 601]

Frankly, I agree with you and a lot of logical words.Today, there is no difference between them, both of them are the same level, and both are not fixed.

[BellaJain 292]

It was also my confusion.

Thanks.

I have solved my issue and confusion by your imformative topic. You are telling it to the right many of us were confused about it. 

Edited February 18, 2021 by BellaJain

[Ayat Maryam 28]

Yes both can not replace each other. Both are equally important and rare. Both are equally good. So this can not be said that gold will replace btc or btc would replace gold.

Btc is a digital currency. It would replace the national currencies of the world but not a worth having metal like gold.

[allen walker 109]

I don't think so. Because both are totally different.  Neither gold replace Bitcoin nor Bitcoin replaces gold. Because Bitcoin is currency but the gold is precious matter. How can they relates with each other. How can we exchange money and transfer gold through accounts. That's why this is not possible according to my opinion.

[Linaa2999 1645]

I think you are right, my friend, but I am having thoughts about Bitcoin's superiority over gold, and that will be when Bitcoin rises to a price that the gold price next to it will diminish

[Teutacela 320]

I do not believe that BTC can replace GOLD at some point because gold is a tangible resource with an exhaustible source of resources and BTC is a virtual or digital currency whatever you want to call it. They are very important points so they can never be similar to each other.

[Jasmin123 698]

Both are important price of  the gold is also very high and Bitcoin is also very valuable   but no people are giving more attention to Bitcoin because it is a digital currency and people are using it for investment and trading because it is unstable currency.

[Stiffen white 827]

You make good post ,both have different features and different importance.  So but we can't make opinion that it can be remove and not. I think it all depend on time in future. If the use of technology increase then bitcoin go to higher. But in real gold and bitcoin is usefull in thier condition . Who would remove let see.

[Mhmmad1 1121]

I agree with you, my friend, gold can feel it safe and its value never decreases. As for Bitcoin, you can never feel it when it decreases or increases, so gold is much better than it.

[Carmelo Lames 1083]

More clearly impossible, it is a very clear truth, bitcoins will never replace gold, we must take that into account, many because of the excitement of bitcoin and its exponential growth we can say that it will replace gold, but we have not taken into account that gold is a value that has existed for centuries, and although bitcoins have appreciated in a short time, gold will continue to exist for much longer, for me both values can coexist for many years, and for my part I would like to have both as a method of savings .

[Rose5 916]

Your comparison is much better . This is right that gold is long term investment . And this is profit able for long time . Both are different to one another . Bitcoin Is digital currency we can send and receive on mobile or internet. 

[Fatimahmad 27]

My friend! I agree with you on some points on this topic

Both are rare and decentralized and have liquidity, but gold is safer in my opinion, although its value is variable. As for the issue of popularity, gold is tangible and old and dealing with it is known over time. As for Bitcoin, it is a new currency compared to it. Yes, it is popular, but in our present time its popularity is less than gold.

[Goyaa 2414]

I agree with you, Bitcoin will not replace gold, Bitcoin will coexist with gold. Both have the same nature and character, this allows gold and Bitcoin to be investments that are different in physical form but have a lot in common. I think we can invest in both, there are advantages and disadvantages in physical form.

[Shan1234 168]

Yes my friend, bitcoin and gold are not equal. Because bitcoin is digital currency and gold is metal thing. Bitcoin is a used in online and gold used in our daily life. I hope you agree. Best of luck.

[Mohammad77 656]

My dear friend, your words may be correct, but I believe that gold, which is a precious and ancient metal, is more stable than Bitcoin because gold is known to everyone as a metal of high value. As for Bitcoin, most people have not heard of it yet.

[Malik jnb 704]

On 10/30/2020 at 9:33 PM, Dark Shadow said:

There are many discussions in this forum about whether Bitcoin will replace gold or not. I personally think that they will both run side by side and neither of them will replace each other because:

 

1. Both are equally rare
2. Both have liquidity
3. Both are safe
4. Bitcoin is a good short term investment while gold is a good long term investment
5. Both are mined
6. Both are equally accepted in their sectors (i.e both are considered safe-havens by investors)
7. Both are decentralized 
8. Both depend on the supply and demand rule
9. Both have popularity
10. Both of them can not be corrupted or no fake copies can be produced

 

What do you guys think? Do you agree with me or not? Let me know.

I think now it is not replace but in future bitcoin replace the gold. Many things are common in both. Bitcoin is new but very popular currency. In my opinion bitcoin has bright future. 

[Farry 826]

We can't say that cryptocurrency will replace gold because it never will. Gold is one of the most valued things in the world.Gold and Bitcoin have many similarities, but I do not think that it is possible for gold to replace Bitcoin because gold is still safer than Bitcoin because you can physically obtain it and keep it. As for Bitcoin, it will remain on the Internet only

[othmanmosaic2 107]

Bitcoin might not replace gold but I think it would go to even greater heights than gold. Bitcoin is a new technology and is always evolving which is why so many people are rushing into it. It's so volatile that you can make profits in just one day.

[Usama1122 249]

There is no comparison between bitcoins and gold.bitcoins is far ahead then gold in terms of price.