Topic: Bitcoin is gold? - page 2. (Read 872 times)

Interesting comparison. gold has thousands of years of history and it has proven time over time its utility. BTC still has to prove it will exist in 10 more years, not to speak about its capital preservation utility. Bitcoin is digital currency,has very fluctuation but the gold is stable.

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.

What you are saying might probably be true, but i does not see btc can be equivalent to gold at the moment if you invest in btc the market is too volatile and gold have a more stable market compare to btc.

bitcoin is gold? yes I guess, the inventor of digital currency seems to want to make bitcoin like gold. a valuable exchange tool that can not keep printing like money and limited amount of bitcoin, if I am not wrong number or limit of bitcoin 21 million coin more or less .by the way I like to think about you about the collapse of the currency because no one believes or re-uses the value of the currency. Because the basic principle of currency is people believe that it is a valuable object and is used by everyone

Bitcoin is compared to gold. I think it's possible. He is the first among the crypto currency. The future is blurry. I think the future begins now

If Bitcoin is Gold then what is Gold? some people still want to compare BTC t Gold which is very unfair, in regards to the fact that they have different operation areas. BTC is however just as valuable, and trusting ad investing in it will earn you very high returns

Bitcoin is already acting like gold. It is something that once mining never can duplicated again. it is encrypted and no one can trace the transactions made via it. And it's value doesn't depend on the goverments yet the demand and supply.

Yes, I have very trust in bitcoin and it like digital gold and  it has been already use like  digital gold. Bitcoin's futuer is good.

Bitcoin is more than a gold.Because it is a digital currencies online or it can be intangible asset.Gold is a jewelry that you can wear.Gold cannot be compare to bitcoin.Bitcoin has a high price sales than a gold.

Bitcoin is now taking a sermon. So we can now say that Bitcoin is a sign .

bitcoin it wasn't gold he shaped currencies online or can be said to be itangible but could be exchanged for gold.

Certainly the bitcoin will be gold because more and more investors are now investing in bitcoin than gold so bitcoin is more important than gold.

Bitcoin is gold? it could be like that, because bitcoin has become one part of one's work for now, even bitcoin its sales price can be said like gold.

Bitcoin isn't gold, because is far more valuable than gold in terms of price.
However, bitcoin and gold seem to have similar property by the way they are created by mining, but the process is entirely electronic.

Bitcoin is not gold, because it's more than that. Bitcoin is creating a revolution in digital money, changing the face of the world in terms of money. Gold can not be compared to Bitcoin.

Yes, I have very trust in bitcoin and it like digital gold and  it has been already use like  digital gold.

Yes, Bitcoin may be Gold. There is nothing impossible to do here. I believe, Bitcoin will be Gold at any time.

I would like to provide clarity to the statement youve just made that Bitcoin with the longest chain is like pure Gold to me. This statement doesnt do justice with Bitcoin with the longest chain as there so many Bitcoin imitators in the market. Its time we start addressing Bitcoin with largest chain to avoid confusion for the people who are jumping in lately.

I think bitcoin is gold, a digital gold. With the limit supply that bitcoin's price will rise and it will be hard to get in the future. Thus invest and buy now while you can.

Bitcoin is far more valuable than gold in terms of price and availability. Because bitcoin is a virtual currency that is currently limited in number throughout the world. However, bitcoin and gold seem to have similar property by the way they react to fluctuations but bitcoin reacts faster and stronger.