Topic: Bitcoin is gold? - page 6. (Read 879 times)
What is gold in the first place, what are the value of gold and what special functions do gold perform, bitcoin on the other hand has performed a lot of functions due to the fact that bitcoin is an assets and at the same time a digital currency a features which gold does not have.
actually this is a frequently asked question. comparison of bitcoin with gold.
I think bitcoin is the digital currency.
I think bitcoin is the digital currency.
As a matter of facts, bitcoin can be seen as digital gold. It was created as decentralized cryptocurrency, but it's mostly used as an asset. People by bitcoin and hodl instead of using it as a currency. Hodling bitcoin has only one reason: waiting for the price to increase, before selling out. Just like what you do with gold.
This is already so!
At first the community recognized the value of Bitcoin.
Bitcoin's price slightly exceeded the price of Gold.
Then the price increased a few times!
This is absolute recognition!
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?
Gold is completely stable and has a huge support base from laymen. It's one of the most valuable investments. Btc is not like gold as it's yet to be completely stabilised I.e it has improved in stability but the rates can be improved even further. Gold for the record is also traded on a larger scale. Btc is useful for higher profits but riskier too. 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?
In this age of digitalization we don't need to touch something physically to be able to value it.
Everything is being digitized and why not the same for gold & money ? A revolution has started though many still don't notice.
Everything is being digitized and why not the same for gold & money ? A revolution has started though many still don't notice.
Bitcoin better than different is Bitcoin which is similar to digital gold and some bitcoin is digital currency Bitcoin is much more profitable gold
I believe that bitcoin will always have a high selling point, in the future more people will recognize bitcoin and bitcoin in the future will become scarce and become a high value item. so I'm sure bitcoin can be like 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?
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Bitcoin is an asset, thesame way we value gold, but the difference between gold and bitcoin is simply as Bitcoin is a digital money, that is software that can be see and calculate the value rate, and also accepted. while gold is some thing that can be touch and feel, base on the physical weight that can be determine the prize value in the market.
People that say these things have an agenda, they want you to buy into either gold or bitcoin in order to push the price up. I see the gold commercials all the time, they're saying that Gold is going to be the only thing which is going to survive (and thrive) during an economic crash and you'll be able to be rich during this time. People say the same thing about bitcoin.
I can assure you that during an economic crash both will be useless, they're just random items anyway.
I can assure you that during an economic crash both will be useless, they're just random items anyway.
Fiat currencies have a characteristic that can also be a problem: they are state currencies. If the government or the economy of the state are in crisis, the currency may collapse. A cryptocurrency, on the other hand, is based on trust and not on strength, so in a moment of crisis it can become like gold.
I think Bitcoin is Gold. Because Bitcoin's value is almost like Gold. It is not like Gold, but it does many things that gives pleasure to people.
Gold is such a valuable value, Bitcoin is very valuable. So I like Bitcoin.
Gold is such a valuable value, Bitcoin is very valuable. So I like Bitcoin.
Fiat will be worthless, because there is an inflation currency that is printed is uncontrolled. And gold is a precious metal that has a limit on our planet. It is logical that the gold does not depreciate, due to the inability to increase its number. But the currency in which a person lays value depreciates, and turns into paper. With bitcoin, this should not happen, because it has a limited amount, as laid in white paper. Depreciation is possible, but only artificial.
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?
of course not, bitcoins are digital currencies, digital ones can only exist in computers alone, while gold has a real shape and gold can not be on the computer, not only that, the total supply of bitcoin and gold is also very different. in my opinion bitcoin will never be 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?
Currently Bitcoin hasn't lost its value so I think we can say that is gold, right now but in future i don't think so.I say this because it's not something stable and it's value can drop whenever, like if it will be a war or a cataclysm for example. 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?
Bitcoin is showing the same properties as gold. Whenever there is a fluctuation, the price of these assets will increase, but bitcoin reacts faster and stronger than gold.
bitcoin applies only in the digital world only because as an online transaction to make it easier to transact with others. if in the real world gold is the most valuable because gold is original and real existence while bitcoin is only in the digital world. bitcoin and gold have a very far difference and apply their respective disunion. 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?
No, it's just considered gold because of its similarity. Today's bills do not change the price while gold and bitcoins are identical. Falling and rising. So it is similar. Hopefully this will make the money now easier to do by printing will disappear
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?
I prefer to choose bitcoin than gold, why? because this bitcoin is more transparency. Look at a gold, we don't know about circulating supply and max supply. We will not know what if the supply is being manipulated? I mean how if there is some people or organization which can get the gold easily like the government printing the money paper. So if this bitcoin has "something" special more than a gold, why bitcoin must be like a gold? Bitcoin has a chance to change the world of order and I hope this is the time. 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?
Yes, bitcoin is more valuable than the gold. But if you think of it, gold is more essential. As you can see, nature has significant role in gold. So, it is part of our nature and at the same time, it is in physical figure you can have it or hold it. So for me, gold is more essential because i believe that nature is the most wonderful thing in this world.
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