Will bitcoin replace gold?

[Pasadoble]

why everybody is trying to compare bitcoin and gold, when we are not comparing gold with other assets, so we should not compare it with bitcoin. these to are totally different things.

[pushups44]

I have said this before and I will continue to say it: bitcoin and gold are not mutually exclusive. Both have similar qualities of scarcity and are alternatives to the status quo. They are both good investments.

[Aztek]

Gold in general is no better. The value of gold is nothing more than a result of a global consensus - at the moment everyone agrees to consider gold a measure of value, simply because this measure is in some form or another necessary. If we assume a utopian situation, that tomorrow everyone agrees that gold is not such a measure, then it will be good only for the production of quality wires and trinkets.
The btc is gaining momentum for exactly the same reason - the global consensus towards the btc is constantly being strengthened. In this case, unlike gold, the cue-ball is not only a measure of value, but also a settlement system, and gold is not a competitor for this parameter.

Gold will always be gold, It will always remain as a precious metal. Gold can not be directly compare to bitcoin, since they are in a different market place. But probably, in time, these two potential investment will cross their path in terms of value and availability and even in demand. It is a an exciting event to watch out, specially for their investor.

[svetochka.yakovleva.93]

Gold is material, they do not pay for the purchase in the store, do not go to the movies. Therefore, comparing gold and bitcoin is strange.

[Wipangga]

I think that's impossible, if we think Gold is for me just to make ornaments or save money. Similarly, the selling price of Gold will fall from the purchase price.
While bitcoin will continue to increase over time, so we prefer to store bitcoin rather than gold. Because for me, bitcoin is very profitable in the future for us.

[Vin183~]

It can be if many people.use.btc also btc price is more higher than gold

[bembi]

I'm sure gold will be replaced by bitcoin,bitcoin is better than gold, and very good for investment.I think gold is good for jewelry, not investment, just a good bitcoin for investment.

[DoublerHunter]

Gold is material, they do not pay for the purchase in the store, do not go to the movies. Therefore, comparing gold and bitcoin is strange.

Yup we should not compare gold to bitcoin because they are so different and bitcoin is so advanced and very far to compare to gold because gold is just a precious metal but it is not like bitcoin that can be use as a payment and also to be use as a tool to make more money like trading and so on and so forth.

[Saimoon]

Nope i don't think so. Gold is something natural and it's one of the expensive metal. Bitcoin may be the future but it can never replace gold. In the whole world many people don't even know about Bitcoin but they have gold as their saving. So we shouldn't compare Bitcoin with gold.

[Mohamme]

It seems impossible to me because bitcoin and gold are two different assets, even if they have similar functions: risk aversion.
But bitcoin is still unlikely to replace gold.

[Stigmuu]

gold is gold..and btc is just a much far away from gold.. different aspect of being famous and different trends on how it will make high each value..this 2 things has much more different from each other ..if u invest to btc..u must have more knowledge with it on how the value will grow..if in gold..value has stable value depending on what country they mined it..

[koryu]

Gold in general is no better. The value of gold is nothing more than a result of a global consensus - at the moment everyone agrees to consider gold a measure of value, simply because this measure is in some form or another necessary. If we assume a utopian situation, that tomorrow everyone agrees that gold is not such a measure, then it will be good only for the production of quality wires and trinkets.
The btc is gaining momentum for exactly the same reason - the global consensus towards the btc is constantly being strengthened. In this case, unlike gold, the cue-ball is not only a measure of value, but also a settlement system, and gold is not a competitor for this parameter.

Dont think they are mutually exclusive. Rather, they are both Gold. One the tangible gold the other the digital gold.

[andrino]

Gold in general is no better. The value of gold is nothing more than a result of a global consensus - at the moment everyone agrees to consider gold a measure of value, simply because this measure is in some form or another necessary. If we assume a utopian situation, that tomorrow everyone agrees that gold is not such a measure, then it will be good only for the production of quality wires and trinkets.
The btc is gaining momentum for exactly the same reason - the global consensus towards the btc is constantly being strengthened. In this case, unlike gold, the cue-ball is not only a measure of value, but also a settlement system, and gold is not a competitor for this parameter.

no. Bitcoin is under the human management that's why there is bitcoin. Gold is environmental benefits that could be earn through minings. Bitcoin if I'm not mistaken is under the gold features coz gold is the reason why the value of one items become so high. How much more gold is decreasing and rarely to mind. Government more stricter than before. If you have one tablet of gold you will be rich. You can sell it and buy some bitcoins. Gold is not replaceable by its nature. It is natural, while bitcoin is form by the human hands.

[Irsanhadi]

Bitcoin however, a real threat to gold. Will Bitcoin continue to soar, leaving gold in the dust? Bitcoin can mimic many gold features. I think portability is the greatest gold asset. You can move a lot of wealth with a relatively small amount of gold. And gold is easy to keep, and relatively easy to hide.

Bitcoin has the same features. You do not even need to smuggle gold to avoid government detection. The ability to move digital money opens new avenues for criminals or people who are afraid of government detection to be able to transfer money smoothly.bitcoin makes this process easier. Thus, you can say that the competitive advantage of gold has been lost. If the Chinese are increasingly turning to Bitcoin rather than gold for the need of an alternative currency, what will support the gold price?

[cake101]

Bitcoin and money may seemed to have similar functions however they are of different forms. Gold is a valuable metal which can be used as a jewelry and other uses. While bitcoin is just a digital money that people believed to have its value but to replace gold is impossible they are not the same.

[bulantoy]

I do not think like that because gold is a precious metal and beautiful in the eyes of people for as jewelry, so in my opinion bitcoin and gold both have its own specialties and will not be able to replace each other
bitcoin can be considered a golden shadow but will not replace gold

[Vektrum]

Bitcoin can not replace gold. These are completely different things by nature, which are even in different worlds - virtual digital and gross physical. The only thing that unites them is that both bitcoin and gold fulfill the function of storing value. In this regard, bitcoin is comparable to digital gold. However, to replace gold bitcoin will never be able to, because it does not have the merits of gold. Gold was both a repository of value, and a measure of value, and a means of payment from time immemorial. No events or cataclysms have yet been able to shake people's belief in gold.

[Ghost_1957]

In the future BTC is Gold

[Elsonbol]

i think gold and bitcoin are not comparable. because gold more likely to be anti inflation. while bitcoin is an investment that certainly provides benefits in terms value as well solution to usual financial transactions we do.

[Ravion]

why everybody is trying to compare bitcoin and gold, when we are not comparing gold with other assets, so we should not compare it with bitcoin. these to are totally different things.

The comparison between gold and Bitcoin is being done much these days. Actually, Bitcoin is being called "digital gold", because there really are some similarities. The main similarities are that the amount of both of them are finite, and no two people can own the same bar of gold, or the same Bitcoin, at the same time.
Would people who are investing in, and storing away gold, stop doing that and start investing their money into Bitcoin? Most probably not. People who've been investing in gold are not just going to now put all their money in Bitcoin. Unlike Bitcoin, gold has a proven track record (of thousands of years) and has industrial uses. So it isn't just valuable as a means of storing value and doing transactions.