Topic: Bitcoin is gold? (Read 879 times)
currently bitcoin can be said as gold because the value or price of bitcoin tugar that is so high even exceed the price of gold
Yes ofcourse bitcoin high to gold now days it is real property value so high and people can purchase it so dafinately it is like gold.
Bitcoin will cross gold in the near future, many features that make gold so precious also make Bitcoin valuable, so far Bitcoin has proven his chops during the past few market crises, since virtual is so easy to convert, it is becoming increasingly popular around the world,Bitcoin is considered to be a pretty safe place to store your property. So Bitcoin is new gold.
Not so, bitcoin is worth more than gold. Bitcoin has many advantages and advantages over gold. Not only that, you can invest in bitcoin and can make a lot of money.
Any market can collapse as most of the big players joined in it is much easier to manipulate as single market,which is why it is quite possible to happen.I dont see bitcoin as a commodity but a digital currency of the new generations,few decades from now if bitcoin will still exist im sure it is going to be much bigger than it is today.
yes I believe BTC will replace gold. But if BTC wants to replace gold it should make people believe that investing in bitcoin is very profitable compared to investment in gold. Because I think in the days to come we enter the digital era that is set all digital and virtual
Yes, the company of bitcoin is the gold in our millenial generation,
through the excellent performance that the company provide to their respective investors they consider the best company in cryptocurrency. The excellence they have signifies gold which is victory.
through the excellent performance that the company provide to their respective investors they consider the best company in cryptocurrency. The excellence they have signifies gold which is victory.
Gold is seen as a valuable asset because it has a selling price in over the world. The nature of gold is a high value asset, so people who have lots of gold Kilograms are considered to be among the rich. This also applies to Bitcoin, if someone has a lot of BTC in his wallet, then he is rich, because Bitcoin has high selling value in many countries in the world. So that Bitcoin in the future can be an asset that will replace the position of gold, as digital gold.
Bitcoin is a digital asset and probably will never be a currency. Even you can call bitcoin is gold at this time.
Bitcoin is not gold it is a digital currency can send online to anyone and receive also
I watched a video telling that every paper currency in history all collapsed , and USD will collapse too, in future.
The time in which a currency collapses is when people don't believe in its value anymore. And obviously, when thought reversely, something becomes a currency when more and more people believe in its value.
And currency becomes money when they don't lose value between people regardless of time, like gold.
Do you believe btc could be in this position? BTC could become gold?
The time in which a currency collapses is when people don't believe in its value anymore. And obviously, when thought reversely, something becomes a currency when more and more people believe in its value.
And currency becomes money when they don't lose value between people regardless of time, like gold.
Do you believe btc could be in this position? BTC could become gold?
I believe that yes, since bitcoin has more liquidity than gold, so it can be replaced as a more practical means of accumulation.
I do not think so. bitcoin is a digital currency backed by nothing in comparison with the same paper money that is provided with the gold reserve of the country.
Bitcoin has been around the fringes of financial markets for less than a decade, but is slowly gaining prominence as an alternative asset class. I belive it could be a new gold.
Well, many think that bitcoin is gold, because bitcoin provides functions very similar to gold, even beyond gold. bitcoin is used as an investment tool, and they think that the potential of bitcoin is the same as gold. so, many people say that bitcoin is gold in the digital world.
It is believed that bitcoin is tsiforovoe gold. I think so too. Bitcoin is even more convenient than gold for preserving and multiplying the capital. For the new technologies and, in particular, for the bitcoin future. Therefore I think that he can even replace gold.
Bitcoin has been around the fringes of financial markets for less than a decade, but is slowly gaining prominence as an alternative asset class. I belive it could be a new gold.
I watched a video telling that every paper currency in history all collapsed , and USD will collapse too, in future.
The time in which a currency collapses is when people don't believe in its value anymore. And obviously, when thought reversely, something becomes a currency when more and more people believe in its value.
And currency becomes money when they don't lose value between people regardless of time, like gold.
Do you believe btc could be in this position? BTC could become gold?
The time in which a currency collapses is when people don't believe in its value anymore. And obviously, when thought reversely, something becomes a currency when more and more people believe in its value.
And currency becomes money when they don't lose value between people regardless of time, like gold.
Do you believe btc could be in this position? BTC could become gold?
We can say last year bitcoin surpassed the price of gold , and as of now the value of bitcoin gradually decreasing but then again we can predict that this year 2018 maybe it will increase more or it will even surpassed the last year price chart .
Well the best hope for bitcoin , i'ts just the beginning of bitcoin , and I believe bitcoin has big potential on surviving on the near future.
I think bitcoin has become gold, which is used for investment tool, where we can get profit if save it. but the difference is the value or price, we know the price of bitcoin is very high and can change every minute,many people use bitcoin for investment because it can be utilized the price so fast. different from the gold that must save it first for several months or years, but in essence, bitcoin is the same as gold, because for investment.
Well, I believe bitcoin will be gold. As time passes more and more crypto users in the world, they believe in the potential of crypto, and I hope more and more investors will join this crypto. That way will help people believe with crypto and they will be interested in crypto too. Furthermore, the development will bring crypto to a very high price and become something that is highly valued like gold.
Paper money ousted gold, because they are lighter, more compact and more versatile. Good money was replaced by bad ones. At the same time, paper dollars corresponded to the basic currency requirements as a tool - they stored and transferred value, they had a market price, which the crowd agreed with.
Why am I talking about dollars and gold in the past tense? Because for several years now a more perfect currency has appeared, gradually replacing our usual paper and even electronic money. This, of course, bitcoin.
Why am I talking about dollars and gold in the past tense? Because for several years now a more perfect currency has appeared, gradually replacing our usual paper and even electronic money. This, of course, bitcoin.
First, gold is rare. That is, the amount of gold is limited (there are only so many golds in the world - if it is too much then everyone can have it and gold will have no value whatsoever). Gold is also soft (gold can be melted and shaped into small units like coins, and more importantly when you change its shape into smaller units, it will not lose its value - unlike diamonds). Gold is also stabli and does not degrade, is easily known and hard to imitate (made counterfeit imitations).
Bitcoin has all the same characteristics as gold. The amount of Bitcoin is limited (there is only a certain amount to be produced), Bitcoin can be broken down into smaller units without losing the value of the unit (1 Bitcoin = 100,000,000 Satoshi - the smallest unit of Bitcoin, just like cents in Dollars or Pennies in Pounds, we can buy less than one Bitcoin), Bitcoin technology is also stable and will not degrade, nor can it be made fake Bitcoin. Besides, unlike gold, you can move Bitcoin anywhere in the world in minutes, regardless of the amount of Bitcoin. That's why people call Bitcoin a digital gold, but better digital gold.
Bitcoin also has value as a payment system. The more people use Bitcoin for payment, the more valuable the payment system is. Buying Bitcoin is like buying a Visa share, then using that stock to buy a soda at 7-11. Because you pay with your Visa share, the place where Visa usage is, Visa's payment system is wider and more valuable, so Visa share value will become even more valuable (including your own Visa share value!).
Bitcoin values derive from such gold-like characteristics, as well as its function as a payment system like Visa.
Bitcoin is considered as gold because the are so many people that is now rich because of gold, the amazing features of bitcoin is one of the factor that affect its price that is why it is now slowly rising and it is now maybe getting almost trend everywhere in the world, I believe that bitcoin is becoming more amazing and it is really the most amazing coin now a days. Bitcoin has all the same characteristics as gold. The amount of Bitcoin is limited (there is only a certain amount to be produced), Bitcoin can be broken down into smaller units without losing the value of the unit (1 Bitcoin = 100,000,000 Satoshi - the smallest unit of Bitcoin, just like cents in Dollars or Pennies in Pounds, we can buy less than one Bitcoin), Bitcoin technology is also stable and will not degrade, nor can it be made fake Bitcoin. Besides, unlike gold, you can move Bitcoin anywhere in the world in minutes, regardless of the amount of Bitcoin. That's why people call Bitcoin a digital gold, but better digital gold.
Bitcoin also has value as a payment system. The more people use Bitcoin for payment, the more valuable the payment system is. Buying Bitcoin is like buying a Visa share, then using that stock to buy a soda at 7-11. Because you pay with your Visa share, the place where Visa usage is, Visa's payment system is wider and more valuable, so Visa share value will become even more valuable (including your own Visa share value!).
Bitcoin values derive from such gold-like characteristics, as well as its function as a payment system like Visa.
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