Re: Bitcoin Not Ripe To Replace Gold: Analyst Kristoffer Inton

Quote from: ShadowBits on October 03, 2018, 12:19:43 PM

Quote from: CryptoDamon on October 03, 2018, 06:53:55 AM

As what we have read to some articles that bitcoin is considered as an investment vehicle just like gold. Some may find it ridiculous but as what we can see of bitcoin's performance for the past few years it has increased in a very profitable manner. Many investors' lives that were changed and some even regretted the fact of not investing into bitcoin.

I think there's no need to replace gold when we talk about investments vehicle since gold is tangible and will forever remain on this earth. They will coexist and can both give us profits.

https://zycrypto.com/bitcoin-not-ripe-to-replace-gold-analyst-kristoffer-inton/

Share your thoughts about this.

I know that Bitcoin and other cryptocurrencies will be big someday, but I doubt that they can replace gold since gold has a physical way of getting it.

You're correct about that! A digital currency with value will never ever replace a physical object with value, why? because this digital stuff can only be used throughout the internet and with the help of your smartphones and desktop/laptop computers and also some electricity to be able to possess and transact with it unlike gold that it has a physical appearance and you can touch it or hold it without the use of this modern technological things and its value is not as volatile as crypto currencies.
Gold will still be gold and Bitcoin will still be Bitcoin and nothing will change about this two kinds of things that have value. And gold to be replaced by Bitcoin is pretty impossible in my point of view.