Post
Topic
Board Bitcoin Discussion
Re: Will bitcoin replace gold?
by
rayneh
on 26/11/2017, 22:41:34 UTC
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.
I don't think it is possible because the main reason is that both of are totally different to each other and both of them have different field to use .
Gold is uses in the practical life for the ornament jewelry , so the demand of the gold is in the offline market only and at special occasion but in case of the bitcoin demand is in the offline and online both but made for the simple buy and sell another coin and make investment only to Ake faster earnings than what we can do with the gold .
So both of them will remain at thier place and no one can replace to each other .
now a days bitcoins is utilized all the more generally then the gold since individuals realizes that bitcoins is more important than the gold and the costs are as yet going higher so they purchase bitcoin rather than gold since gold can't give benefit like bitcoins that is the reason it appears that soon bitcoins will supplant the gold in light of the fact that the costs of gold is getting down step by step and the costs of bitcoins are going up rapidly.