Bitcoin will not replace gold

[Rusev 61]

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.

Wow...I never thought of this before. This is a very clear fact which everyone have to look into. This is a very brilliant write-up.

[fahima000 160]

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

[sultana555 159]

Well, if we are talks about to the value of it, bitcoin can replace gold because gold is just a stable in terms of pricing and it has a small amount compare to bitcoin which is now $14000, we cannot avoid that bitcoin and gold has similarities but many people like bitcoin than gold.

[salma777 155]

i think cryptocurrency like bitcoin and gold are two completely unrelated things, of route in an investment factor of view , each are assets which we are able to spend money on however comparing both of them isn't always a perfect way in my view.

[S_Robat 88]

We say things we didn’t want to say.  Meaning is changing due to proper use of words, commas, periods, etc. We all need to consider the text correctly.They cannot replace each other and their uses are also very specific.  This information will initially help to know the difference between the two coins.

[Barry123 95]

I trust you.Although, Bit-coin and gold would be exactly the but Their significance exactly the comparable to eachother. We understand gold is still really a materials which we may use but Bit coin is really a digital crypto currency and we're able touse this particular physically. But these two motif would be the same in These value
  

[Fatima Zohra 250]

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 don't have much information about it but I will say that both her good as you are telling about all the main things of it so I can say that it can be possible but I am checking the price of Bitcoin and it is very high now a days it is a best currency.

[Linclon4 541]

I am totally agree with you. Both are not same thing. And gold is legal all over the world. But bitcoin isn't legal all over the world. That's why it can't be possible.

[Leoresurrected 214]

Your publication is very good, also the points to take but I think nobody is talking about replacing gold only that bitcoin has a certain similarity to gold and can have levels like gold but nobody says that bitcoin is the same has its history and was made with the purpose of being a long-term financial support or a form of savings so that inflation does not destroy our money. 

[Alexi Laiho 19]

Bitcoin price is so much high. But there are lots of country where bitcoin is banned. And also maximum people Don't know about that and Don't used to in it. So gold is the best choice first of all. Till now i never see that gold price is decrease. This is so rare case.      

[alialyousef123a 111]

I do not think that it will replace gold because gold is a necessary thing in the economy of all countries .. But the cryptocurrency will thrive in the future and will become better than gold, in my opinion .. All the best for all.

[Tahu38 344]

On 10/30/2020 at 10:33 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.

Yeah buddy!  I agree with you.  You have beautifully and clearly presented gold and btc comparison in your post.  Your post is important to all members.  Everyone can get a good idea about gold and btc price from your post in a good way.

[RoyalHouse01 9]

On 10/31/2020 at 4:00 PM, Captin said:

Hello my friend, I agree with you to some extent, but gold remains a tangible substance that has a presence on the ground, and people will still feel more secure in dealing with it, but no one knows what the future holds for us.

No doubt there is no comparison between the gold and the bitcoin because you can not find similar use case of both instead of the investments done in them.

[Asadkhan0 150]

Yes dear friend as we know gold is a rear metal and has a very high value on the other hand bitcion we can say it the digital gold as well because they have many things in common.

[Dlexx69 488]

I think both are very helpful and demanded now.But there works different. Their rate are different. Btc is very helpful and famous day by day. I think btc will be equal like gold.

[Jamaima 0]

Both gold and bitcoin have their similarities but they will not overtake one another and will run side to side. People consider gold and bitcoin as safe but more of them prefer gold because of it is trusted for centuries. Bitcoin is rising but it will take some time to reach the level of gold.

[fahimshahriar2020 539]

You did a very good comparison. Hats off to you. Mostly attracted "both are mined". We should take the chance to make money from bitcoin. Because day by day it's prize is getting high. We should start investing on this. Because in future there can be shortage of bitcoins than it's consumers. Thanks 

[Madsee7 167]

We should begin with an update that bitcoin has a fixed number that can be mined and these is an inadequacy on such incredible cryptographic money Now contrasting and gold that is basically limitless and will exist as far long as life itself, bitcoin can't supplant gold!

[Ababakrin 906]

The both are same and similar also source to generate, but I think as far we keep moving forward one day bitcoin will over take bitcoin and PayPal money, with my little reasons which are 

If you look nowadays you see that every countries are using bitcoin because so easy and simple in time of transaction.

[Zkria 21]

Hello my friend I believe that the value of the digital currency will one day reach the value of gold I hope to learn a lot from this forum

[Guru2050 8284]

3 hours ago, Meerub said:

The Bitcoin can't replaced by gold because gold staybeld for Long time and we know that Bitcoin is not More stable.

Absolutely right @Meerub BTC can not in any way replace fiat currencies, gold but can dominate, outsmart them. BTC possesses impressive and efficient features that are incomparable to centralized currencies. This attract the public attention and thus increasing the value of bitcoin and entire Crypto currencies

[Isbal 47]

You have some really good content in your post, the idea of bitcoin replacing or not replacing gold is a though one why because both gold and bitcoun are rare and hard to get

[Ashii 258]

On 30/10/2020 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.

Strongly agree with this comparison. And I think the best thing about these two is that their prices keep fluctuating that proves beneficial for the investors as sudden rise in their market value lead to a good achievement. So they can't make replacement for eachother as they are equally beneficial.

 

Edited February 8, 2021 by Ashii
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[Spikee 73]

On 10/30/2020 at 10:18 PM, Dark Shadow said:

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

Thank you sir, here you have compared bitcoin and gold in a amazing way. The way you have explained in a point is exciting and we really appreciate it. Here I lilke the points both are mine and both are decentralized.

[Stefan john 38]

On 30/10/2020 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.

   My mate it is very informative material for me. I am a newbie here. I get much knowledge about cryptocurrency through this forum. Thanks seniors for sharing these topics here.