Bitcoin will not replace gold

[Project14 55]

I think digital currency like bitcoin and gold are two totally inconsequential things, of course in a speculation factor of view , each are resources which we can burn through cash on anyway looking at the two of them isn't generally an ideal route in my view.

[Rozy 1918]

I have to agree with you that neither of them can replace the other , and it is very true because they are very different in nature and they have different characteristics and each one of them is the best in a particular way, for example there is no way or transferring Gold as easy as it is to transfer Bitcoin, but for me I see Gold as a safer investment because it is away from online attacks. 

[A beer04 208]

Welcome, my friend, gold cannot replace Bitcoin. Each one of them has its own advantages. Bitcoin is a cryptocurrency for investment and stock trading. As for gold, a precious and originally safe metal and has a method of trading that differs from currencies.

[rebalcrypto 457]

What you say is absolutely correct, in my personal opinion, after all the spread and fame that Bitcoin has achieved, it will be difficult and even impossible for it to disappear. As for gold, it is the oldest trading currency known to mankind, and our currencies value today are still based on it, so it has existed since ancient times and will remain in the future.

[Jon snow 103]

Both bitcoins and gold are similar in many ways. Both are extremely valuable and both their rates are flexible, i.e. their economic value changes from time to time. 

[Steve Jobs 76]

Gold and bitcoins are two different currencies no doubt both are acceptable. But bitcoins are decentralized and gold is used to make fiat money as a reserve.

[MK AHMAD 1134]

On 10/30/2020 at 7:08 PM, khalilmd said:

gold:
There are many factors that make gold a strong safe asset.

They are valuable as items for consumer goods such as jewelry and electronics, and are rare.

Regardless of demand, supply is still disproportionately low.

Gold cannot be manufactured as if a company issues new shares, or if a federal bank prints money.

Bitcoin:
Bitcoin is a blockchain-based cryptocurrency that shares some properties of gold.

Some have even called it "digital gold" because of its weak relationship with all other assets, especially stocks.

Market participants may remember the year 2017 when the price of one bitcoin exceeded the price of one troy ounce of gold for the first time.

You are right friend  gold is really a strong asset because it can be kept for long time as a long term investment such as rings, and jewelries while bitcoin is a cryptotalk currency digital currency that can be used to afford gold because when you have bitcoin you can afford to buy gold 

[Sayed28 563]

I agree with you.Bitcoin and gold cannot replace one another. Gold is a rare earth metal which has a good value and have much more popularity then btc.On the other hand btc is a online coin which has a great value too.Its gaining more popularity day by day.So both of them are different and both of them  are same in some aspects 

[Sudaistahir 35]

Although bitcoins digital currency has achieved huge reputation in the market but I think it will not replace the gold, the main reason is gold is traditional asset. Both are equal in their worth and both have specific domains.

[Michael098 58]

In spite of the fact that they are very similer as you pointed, yet I don't believe that bitcoin will supplant gold, and for a valid justification that gold have been there for a very long time and it is esteem is as yet expanding, yet u can say bitcoin resembles a virtual picture of gold.

[Emma Anderson 168]

Actually in my personal opinion we can never compare both together that is bitcoin with gold. Because the two are two different extremes. Bitcoins are the future and is more and more valuable than gold. Gold is like growing on the basis of jewellery demands but bitcoins are currency type so it's not strong enough to compare between them.

[Khan Zak 74]

I do agree with you and the reasons you gave are really logical and real. Whatever the era begins and whatever the resolution comes but nothing will bring down the value of gold.

[Mariya Rodriguez 108]

I don't think that Bitcoin will replace the gold as an investment ,  evenhough there are chances for the normal currency to get replaced by it in the near future.

Bitcoin also called the digital gold is a good short term investment which possess many properties of gold , like their liquidity, rarity, popularity etc. However gold is a good long term investment and is a safe asset. Therefore Bitcoin willnot replace gold.

[Usman0384 54]

I bolster you, but from my point of see, gold cannot supplant Bitcoin since each of them has its possess space. Bitcoin may be a advanced money and the field of managing with it remains within the websites on the Web and you wish a wallet. As for gold, it could be a unmistakable coin and is kept physically

[Prince Prince 113]

My dear  friends ,

All of this renewed interest in Bitcoin has some wondering whether the cryptocurrency will replace gold. ... Additionally, precious metals, when used as currencies, serve a different purpose than cryptocurrency. While Bitcoin may eventually reach a market cap comparable to gold's, it won't fully replace it.

[Jonylink007 210]

Equally, rare metal and also bitcoin have got their particular parallels yet they'll not eclipse the other person and definitely will work laterally. Folks take into account rare metal and also bitcoin since risk-free yet a lot more of which favor rare metal as a result of it really is reliable for years and years. Bitcoin will be growing yet it may need time to succeed in the degree of rare metal.

[Ali baba 282]

It totally depends on our goals that what we are thinking.We are thinking about short term plans or long term plans because bitcoin is a better investment for short term potential gain while gold is a long term and stable investment.Gold is a safe asset and we can save it where we want to save while bitcoin is a digital cureency.Both are precious but again its all depends on us .

[Darksoull22333 122]

Truly you are correct. Both gold and bitcoin have their own position and incentive in market. As bitcoin isn't acknowledged in certain spots so it can not be utilized instead of gold as gold has delivered much before of bitcoin and it can't be supplanted by bitcoin

[zeshan1122 654]

I do not think there are any chances of the bitcoin to take the place of the gold because there are huge differences between them and the biggest one is the physical form of the gold.

[Storm eagles 26]

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.

Well its time that tells , no one believed that there will be an issue when we are ensuring that we can follow procedures that are there to receive on the off chance that we embrace, at that point we will ensure that we require on the second phase of supplanting the new sort of frameworks

[Bablu 87]

There aremany other important points which have been missed while posting your topic and I think the bit coin will cross the gold because its value is been increasing more rapidly then that of gold.

[Ramossss 963]

Hello my friend, in fact, I have presented some good and interesting points, but I believe that the cryptocurrency will not take the place of gold, especially since its spread in the world is very little, and also gold has existed for a long time and its position is high in society

[getyou 204]

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:

@Dark Shadow Thank you, very important and useful information. Of course, my friend, I agree with you that gold and Bitcoin are both acceptable, and both depend on supply and demand, and they have a great popularity as no one can fake one of them.

[Emoakter15 32]

every bit, rare earth as well as bank note have gotten  really unusual striking similarities withal they'll just not occultation any other someone and certainly also will play wide. parents remember rare-earth metal as well as coin given that reliable nonetheless a ton more going from which opt oxide as a result epithetical that is creditworthy given that ages. banknote are often masculinisation still it is going to psychic energy time for you to reach the quantity in reference to rare earth.

[Muhammed Najibullah Sabi 7]

With time i think bitcoin can match gold with the rate bitcoin is trending but for now bitcoin is not yet up to gold rating