Bitcoin will not replace gold

[Bentrioux 132]

It will be hard for me to believe that bitcoin will replace gold, these are two different things serving their purposes. Even if they are similar in some aspects, I still dont agree that gold will be replaced by bitcoin. Time will tell if bitcoin can actually replace gold. If it will, then it will definitely take long.

[Aqib Saleem 272]

Gold is an assets and bitcoin is a Cryptocurrency. The price of gold does not rise or fall continuously but the price of cryptocurrency rises and falls on a daily basis. Cryptocurrency rises and falls several times in a single day. 

[Klaus sonal 0]

You are correct gold is a solid and safe resource and is truly beneficial for long haul speculations while Bitcoin otherwise called advanced gold offers a few properties with gold like its extraordinariness, excessive cost. These focuses show that gold and Bitcoin will both be significant as speculations and neither one of the wills supplant the other in future.

[Dark Shadow 295]

2 minutes ago, Tonima_Niharika_001 said:

I think bitcoin is better than gold. 

You are absolutely right my friend that Bitcoin is very popular and it's demand is very high as well. I personally like Bitcoin more. But some people don't like it very much because it is digital while gold is tangible. They also don't like the volatility of Bitcoin and the fact that Bitcoin is not legal everywhere. So, they think that Gold is better than Bitcoin.

[Daniel Gómez 1]

creo que el día que suceda eso que almeno bitcoin se acerque a la capitalización del oro ese día el BTC llegaría a 100K, creo que aun falta mucho para eso y ambos son seguros o resguardo de inversión mas bien creo que ambos crecerán mas y otro factor que tienen el oro frente al BTC es el tiempo eso hace que el oro ademad de mas conocido sea un activo con una capitalización impresionante.

[FA1891MA006 367]

Dear friend time will decide about what to be happen in future. Not now but in the future bitcoin gonna be very popular in every country as per my thinking. Yes i know it not so much popular now in every country but in some countries but i know in future It'll be popular in all the countries.  Thanks 

[Locy 575]

I agree with you.Although,  bitcoin and gold are note same but Their value is same to each other. We know gold is a material which we can use physically but bitcoin is a virtual cryptocurrency and we not able to use this physically.  But both of theme are same of their value 

[Man138 404]

On 10/30/2020 at 5:33 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.

Both are good assets to be kept but if you look at it from another end then you'll still believe that keeping crypto currency is better than keeping good because with good you can be easily robbed as it's physical, bitcoin is not physical so cannot be easily robbed.

[Muhammad Adnan01283 523]

Everyone has its own opinion,in my opinion gold is better to invest your money because bitcoin is more volatile as compared to gold and chances of los are also greater than gold, as I am noticing from Last 3 years gold is growing gradually so I prefer gold over bitcoin...

[Farukatie 1271]

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.

Thanks dude for sharing ghis great information as i also thinks that it will never replace with one another as they are much important on their place. I agree with you dude. You are doing a great work. Keep going dude.

[Dark Shadow 295]

1 hour ago, Man138 said:

Both are good assets to be kept but if you look at it from another end then you'll still believe that keeping crypto currency is better than keeping good because with good you can be easily robbed as it's physical, bitcoin is not physical so cannot be easily robbed.

 

44 minutes ago, mahommed said:

Hello dear, I agree with you as gold maintains a tangible presence among everyone, which makes people feel safe in a direction where a person cannot predict the future, as the future holds a lot for us. We must study everything and take caution in order not to regret this opinion, my dear

That is an excellent point @Man138 and @mahommed. Gold can easily be robbed while crypto can't be robbed unless you are a really good hacker. But due to Bitcoin being digital some people don't trust it because they don't consider what they can't touch money. So, for this reason they feel safer holding Gold and therefore prefer it over Bitcoin.

[Man138 404]

1 hour ago, Dark Shadow said:

 

That is an excellent point @Man138 and @mahommed. Gold can easily be robbed while crypto can't be robbed unless you are a really good hacker. But due to Bitcoin being digital some people don't trust it because they don't consider what they can't touch money. So, for this reason they feel safer holding Gold and therefore prefer it over Bitcoin.@

@Dark ShadowShadow I believe if people are well educated they will move most of their valuable to become cryptocurrency holder.

[Zafar123 906]

As the world turns more digital, crypto's pioneer asset Bitcoin (BTC) could take on gold's store of value role, according to the CEO and co-founder of Digital Assets Data, an analytics firm. ...

[Kanji 965]

No its not going to dump its going to be really good to find what is important right now and go with it there is everything to imagine and everything to build on there is a lot of work to even establish and put  together what is right for the best of efficient, bitcoin and gold are very different and there is no way I thin k things are going to change very soon so to me we just have to wait and see.

[abd1992 960]

On 10/30/2020 at 6:33 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.

Bitcoin will not replace gold because gold is the basis of paper currencies and the economy of countries. This is known economically and also it is a tangible thing and exists in the real world unlike Bitcoin

[Khetam 328]

Hey.  I see this as a question of replacing bitcoin with gold, although Bitcoin and gold have the same advantages, but gold cannot be dispensed with as a source of decoration and a requirement for the majority of women. 

[Mr.Rayan 2]

Hello my friend, thank you for this beautiful post. This talk indicates that you are an expert, and I believe that Bitcoin will beat gold

[cristian777 9]

Both are very strong but bitcoin is limited which makes its value even more important.

[cryptorios 455]

  Gold and Bitcoin both rare and store of value, and they do not have any forgery or inflation, so I think they complement each other.

[Camilah15! 663]

Bitcoin is actually the best crypto asset available in the crypto market but I don't think it will replace gold.both are of good values but bitcoin still has it's limitations.its not accepted in some part of the world unlike gold.i believe investing in both gold and bitcoin is the smartest move someone can actually make.one is a digital asset, the other is an hardware.

[Froshk 1828]

Let's start with a reminder that bitcoin has a fixed number that can be mined and these is a short coming on the side of such great crypto currency Now comparing with gold that is practically unlimited and shall exist as far long as life itself, bitcoin cannot replace gold!!! 

Edited December 2, 2020 by Froshk

[Kaptan'65 63]

I'm assuming that you're speculating whether bitcoin will replace gold as a safe haven, I think that mostly depends on how bitcoin will perform in the future financial crisis. Currently, bitcoin seems to be decoupling from stocks markets, as they've been falling for the last few days. This is definitely a good sign, but it's still difficult to determine whether people in future critical events, will start to use bitcoin as a safe haven instead of gold....

[Dark Shadow 295]

16 hours ago, abd1992 said:

Bitcoin will not replace gold because gold is the basis of paper currencies and the economy of countries. This is known economically and also it is a tangible thing and exists in the real world unlike Bitcoin

Exactly @abd1992. Bitcoin and Gold are two very different things. They both have their own pros and cons. This is why they are both valuable and they both are equally accepted in their own sectors. This means that neither of them could ever replace the other.

[mytrueinvest 38]

Basically, the discussions are conducted not in the sense of a complete replacement of gold with bitcoin, but in the replacement of certain qualities of gold with the qualities of bitcoin! And what is meant here is precisely the quality of savings, the multiplication of funds after their investment either in bitcoin or in gold.It is assumed that it will be more convenient and profitable in the future to keep your funds in bitcoin rather than in gold!

[waqasahmad 321]

Your point is valuable for me ,we take advantgae from gold in crisis situation both have own value gold is tangible asset and manufacturing position like ring, chsan, braslet  and neckles from raw gold to finished product  gold may be stolen by theft but bitcoin is valuable and his own strong position in market , bitcoin is a digitla gold  mean digital currencies you buy amd selling through bitcoin. You can invest and trade through btc. Btc rate increasingly high with the passage of time.