Bitcoin will not replace gold

[Alibhai 462]

Yeah I also think think as you are thinking that both of the things are side by side no one thing can be replaced to the other because both have side by side qualities and the reasons you have already given in the forum are absolutely right,I appreciate you mate.

[Kimram 265]

This is the most difficult thing that can happen. It is very difficult. Gold is a very important mineral and is used in many things and there are countries that rely heavily on it

[Sumsad 1159]

let's see how and what will happen, but personally I think that bitcoin is able to displace gold without hesitation at all.  why?  it has gained trust in literally a dozen years, and holds a good price and value.

[Fiyyaz7711 51]

Now a Days gold and bitcoin are comratively best for rare people who are sharing connections ideas and opportunities to learn and earn money

[Muhmmad Yousaf 306]

Dear Mate, You choose such an informative topic. But BTC and Gold are not equal. They are two different things. Gold is legal in every country on the other hand BTC is still banned in some countries. Trading in gold is international on the other hand through BTC we cannot trade in whole world. BTC is rare and gold also. But nothing take place of gold and nothing take place of BTC. Thank you.

[Fiyyaz7711 51]

Now we compare the results of both buying than we will see lot of difference between the two. The rate of bitcoin NB is too high

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[Zein21 839]

I agree with you, my dear friend, and my opinion that there is nothing that can take the place of gold, because gold is an ancient metal and traded on a wide range, and countries will not ignore the reserves they have of gold, and they will defend it until the last breath.

[Mohmad22 695]

My dear friend, we know the importance of the currencies encrypted at the present time, as it has created a large scientific and economic revolution and has provided time and effort to end transactions faster, but I do not think it will replace gold because it is considered the basis of the strength of the economy for all countries with the reserves they possess, but it can be on the side of gold or not One replaces the other

[Nonahassan 915]

The two are really good, and each one of them has an advantage over the other. I invest in the two and I will reach through them what I want. It is wonderful and very special and it will improve with time.

[Wael154 1134]

Nicely stated mate I believe your factor of view thou I do not deal in gold but yeah I assume you are right Gold may be faked at the same time as bitcoin can't due to the fact it's miles controlled on blockchain beneath one operational system that cannot allow any faux created bitcoin to pass thru and for that reason I too assume bitcoin is good over gold.

[md.nayem01 0]

I work by investing. We make good income by investing. We collect different tokens and sell them if prices go up. BTC is the most popular currency. BTC LTC, ETH are the ones everyone likes when they work on crypto currencies

[Manir 1181]

you are right my friend,  gold is very profitable than bitcoin we all know that, that are not comparable but it seems like they look like. Anyway thanks so much for your topic. 

[Jam sidra 884]

We are gold and Bitcoin cannot be mixed together because bitcoin is very high above gold Bitcoin is a digital currency and is like a real karma, so we cannot match it with gold, it is better than Gold and the price of it keeps rising and climbing and sometimes works but the price of gold is higher  My own caste opinion is that gold is much better than going gold and we should focus on it and follow it and run after it and earn it. The secret of success in our life is also bitcoin. 

[Ali.zx 693]

Yes, dear friend, I agree with you. I believe that both Bitcoin and gold have their own advantages and none of them will replace the other because each of them has its own use and domain.

[mhd tello 639]

Bitcoin will triumph over gold in the future
Because it has now surpassed the dollar
But the ten comparisons are also correct, but I think that over time Bitcoin will flee for gold.

[Guru2050 8284]

Bitcoin hold on to zero power to replace gold assets or fiat currencies at large but possesses the potential, capacity to outshine, outsmart the fiat world due to the exclusive, prominent and productive features BTC entails.

[Hadelo 338]

There is nothing impossible in this life, so if Bitcoin develops and flourishes, its price will increase, but I don't think it will replace gold.

[hghadeer611 689]

Despite the wide spread of Bitcoin, I do not think that it can replace gold. It is true that both are rare, but gold is known to all people while I find that many people still do not know anything about Bitcoin.

[Mohamedryad 287]

Of course, Bitcoin will never replace gold. It is difficult. Bitcoin is a strong project, but gold is also one of the oldest investments in history and it is difficult for any project to replace it. 

[amar273 494]

We can liken bitcoin, but gold, but it cannot replace gold for me. Gold is a tangible substance that many people use. Bitcoin is a new currency. Many people do not know anything about it

[Abeera 755]

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 both of the gold and Bitcoin are safe and also profitable and people are using gold and some of them are also using Bitcoin and I will say that Bitcoin has great importance and great popularity because of its increasing rates.

[ammar silan 2]

I agree with you that bitcoin and gold are a bit similar in terms of scarcity, but gold remains a safe haven to store value as its value is almost constant, unlike bitcoin, which can rise or fall in value over time

[Sena1234 972]

The current period is the most appropriate to go towards the cryptocurrency and avoid gold, which is expected to witness many correction and liquidation waves. I believe that Bitcoin is still the most deserving investment tool to attract more investor money..

[Vola1s 727]

I agree with you, the two will not replace each other but both will side by side. If gold is a property that can be felt differently from Bitcoin, then bitcoin has no physical features but we can invest or trade it. Bitcoin has a digital character that can be transferred across the country, that's the advantage of Bitcoin. Meanwhile, gold has a very good physical form and is limited in number.