Topic: BITCOIN AS A DIGITAL GOLD - page 3. (Read 830 times)
There are many articles that are ensuring that the new digital gold is Bitcoin, especially for its behavior as a safe haven for many people in countries with high inflation and very large problems such as China with the epidemic. All this also influences the behavior that they have in a similar way between gold and bitcoin, both at this time rise slowly, but maintain a type of trend.
Bitcoin has compared to gold in terms of its value, that's why many says it is the digital gold because of its popularity and the most high valued coin in the crypto market.
Yes. Not only about it, but people also say that Bitcoin is a digital gold since it is the safest coin for investment in cryptocurrency. Can we find the most recommended coin besides Bitcoin? In my opinion, no. Bitcoin is perfectly the most recommended coin to invest in. Even if the value is very volatile, it is always showing people about potential profits. 
We could say digital gold is btc alternatives. But bitcoin has no physical asset and consist only of digital but has immensely got some fair value. If you would noticed both are limited in supply like btc max supply only to 21million while gold is a naturally occuring mineral which also can be conserved as thr process of producing is limited to countries potential resources. If this in the future got depleted more, imagine its price value due to scarce. The only difference of two are its use case which gold preserve more advantages since it can backed up some currency such as US unlike btc which still got some issues.
One of the fastest-growing markets today is with the use of cryptocurrency and one of the most popular is the bitcoin. Now it gives a huge market income to the community why it gains a lot of income. Many people make an investment in it today because they see the potential of this coin to have a good profit when the price goes up. We have two sources today which is the fiat currency or the physical money and the gold both of the prices of those are profitable but today the bitcoin shows and facing the gold today. There are some people stating that the bitcoin can be substitute with the gold but I think it is better if we use the bitcoin or cryptocurrency as a third source even the price of it is volatile because of the trading and transaction with the use of it all around the world.
The view is obtained because they see that Bitcoin is as valuable as gold, and also there are similarities among others, one of the ways to own it can be by mining. But there is a striking difference between the two, namely BTC is limited while gold is practically unlimited because gold mining has been ongoing for a long time. I don't think it's urgent to be told or explained, people have their own views.
what our colleague said above is very true, the only difference is that the price attached to them is very different. maybe we know the price of gold depends on the dollar but bitcoin can not be determined situation, bitcoin can go down drastically and go up as well.profits certainly can't be compared, bitcoin needs analysis if you want big profits.
The view is obtained because they see that Bitcoin is as valuable as gold, and also there are similarities among others, one of the ways to own it can be by mining. But there is a striking difference between the two, namely BTC is limited while gold is practically unlimited because gold mining has been ongoing for a long time. I don't think it's urgent to be told or explained, people have their own views.
Bitcoin has compared to gold in terms of its value, that's why many says it is the digital gold because of its popularity and the most high valued coin in the crypto market.
We could say digital gold is btc alternatives. But bitcoin has no physical asset and consist only of digital but has immensely got some fair value. If you would noticed both are limited in supply like btc max supply only to 21million while gold is a naturally occuring mineral which also can be conserved as thr process of producing is limited to countries potential resources. If this in the future got depleted more, imagine its price value due to scarce. The only difference of two are its use case which gold preserve more advantages since it can backed up some currency such as US unlike btc which still got some issues.
BITCOIN AS A DIGITAL GOLD
CRYPTO BUSINESS
Nearly Bitcoin referred to as a digital gold start from last year but 2019 when vocubarly became much more realistic. In fact, the idea of Bitcoin as digital gold became so prevalent in 2019 that U.S. Congressman Brad Sherman (D-CA) claimed the crypto asset may be a threat to the U.S. dollar’s dominance in the global economy.
At January of 2020, the similarities between Bitcoin’s and gold’s price movements around increased due to tensions between the United States and Iran did shift the price of gold and Bitcoin, However, longer-term measurements of the correlation between Bitcoin and gold still indicate there is a very little correlation between these two assets.
The digital gold use case is often referred to as Bitcoin’s core value proposition, so a closer correlation with physical gold could indicate a greater level of understanding and acceptance of this point from market participants. Additionally, the introduction of central bank-issued digital currencies could clarify the value proposition of something like Bitcoin in the minds of the general public.
How strong You support the Ideal?
More check on:: https://bizzysumbi.blogspot.com/2020/02/bitcoin-as-digital-gold.html
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