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Topic: Is Bitcoin a Digital Gold?? (Read 6278 times)

copper member
Activity: 644
Merit: 0
POINTPAY
October 25, 2018, 11:59:14 AM
yes, bitcoin is a digital gold no question about it I would say it more than gold because if you compare the value of gold and bitcoin you will come to know.
newbie
Activity: 36
Merit: 0
October 25, 2018, 11:07:02 AM
After all, I consider that bitcoin serves as a store of value.
Cool
member
Activity: 294
Merit: 10
JOIN THE NEXT MEGATREND IN CRYPTO!
October 25, 2018, 09:30:07 AM
After reading a lot of posts made by people on this forum, I realized about 75% of them see Bitcoin as a digital Gold. For me, I don't think Bitcoin is a digital gold. Cryptocurrency or Bitcoin to be precise, was developed to be a safer option for transaction of goods and services and also the best mode of payment. Bitcoin was introduced to disable all the restrictions that banks and the financial system presented. A lot of people have lost huge sums of money because they saw bitcoin as a digital gold. I know others will argue that bitcoin has also made people rich but for me, I don't think it is advisable to consider Bitcoin as a digital gold. Bitcoin is a digital currency.
I fully agree with you: btc was designed as a method of payment and it should be used so.
But there is nothing we can do about people who perceive bitcoin as a form of investment, unless there is some regulation which would prohibit unlawful trading of btc (though I doubt that such a regulation could be implemented technically).
jr. member
Activity: 140
Merit: 1
October 25, 2018, 08:57:14 AM

Bitcoin is anything but an advanced gold yet we look at its a computerized gold. It is a computerized cash. Gold is only a physical resources however bitcoin is online bases resources. bitcoin can't be equated with bitcoin gold not like gold
newbie
Activity: 21
Merit: 0
October 25, 2018, 08:48:08 AM
Bitcoin is a digital gold because it's coin currency can be mined just like the way also gold can be mined.
full member
Activity: 588
Merit: 101
October 25, 2018, 06:41:09 AM
i don't think so. i think bitcoin price don't base on anything. so it not a Digital GOLD

Bitcoin price is based on the demand for this cryptocurrency. If one day many thousands of people decide they do not need BTC anymore, its price will fall critically.
copper member
Activity: 593
Merit: 10
October 24, 2018, 11:08:21 AM
in my opinion, now is the digital age comparing bitcoin with gold is worth it because the price of bitcoin continues to improve from year to year. and bitcoin has indirectly changed some of the world with bitcoin itself, gold can be replaced
member
Activity: 1358
Merit: 10
www.cd3d.app
October 24, 2018, 10:09:03 AM
In my opinion bitcoin is not a digital gold. It is a digital currency. Gold is physical assets but bitcoin is online bases assets. The value of gold is stable but bitcoin is fluctuate. Many people compare it with gold.
member
Activity: 392
Merit: 10
October 24, 2018, 09:43:23 AM
Bitcoin overcomes some of the weaknesses of gold!
Compared with gold, Bitcoin is undoubtedly an advanced evolutionary currency that conforms to the information society!
Bitcoin is more than just currency, and blockchain technology solves the problem of credit!
jr. member
Activity: 294
Merit: 1
Staker.network - POS Smart Contract ETH Token
October 24, 2018, 09:38:16 AM
there are so many who think bitcoin is like digital gold and there are still many people who think differently because everyone has different opinions about bitcoin, it's just that bitcoin can't be equated with bitcoin gold not like gold.

Well we have different understanding about what bitcoin is and how bitcoin help us. Most of us considered it as gems, assets or investments that will give us high profit in the future.
sr. member
Activity: 658
Merit: 250
October 24, 2018, 09:23:28 AM
there are so many who think bitcoin is like digital gold and there are still many people who think differently because everyone has different opinions about bitcoin, it's just that bitcoin can't be equated with bitcoin gold not like gold.
sr. member
Activity: 578
Merit: 250
October 24, 2018, 07:43:42 AM
if you are just starting to acquaint a person with blockchain technology, this comparison will allow him to accept the information more easily
newbie
Activity: 5
Merit: 0
October 24, 2018, 07:29:09 AM
It is and more. Wink
newbie
Activity: 20
Merit: 0
October 24, 2018, 05:29:39 AM
yes one can call bitcoin a digital gold.
member
Activity: 280
Merit: 11
October 24, 2018, 05:13:19 AM
Bitcoin is  digital gold in terms of growth and storage and price and  limited supply all the factors which gold have Bitcoin also present we can say bitcoin is future gold
member
Activity: 1456
Merit: 10
October 24, 2018, 05:07:56 AM
i think, bitcoin is a still digital currency. because, for me bitcoin is a digital money. bitcoin is still alive and well. I think that bitcoin is our future.
jr. member
Activity: 210
Merit: 1
October 24, 2018, 04:54:08 AM
this is digital gold but not digital currency and it will never be a currency Wink
full member
Activity: 868
Merit: 100
Proof-of-Stake Blockchain Network
October 24, 2018, 04:16:43 AM
As I thought that bitcoin for me is a digital gold and more expensive from gold. You can always review the price of bitcoin is already high and more on expensive than gold.
newbie
Activity: 8
Merit: 0
October 24, 2018, 03:45:13 AM
Think of Bitcoin as a digital gold, a "hoarding of value" that, like the precious metal itself, does not necessarily have many practical uses of great value. A bitcoin - which for the first time surpasses gold for nearly a year - is now more than seven times the value of one ounce of gold. Bitcoin has made investors far richer than gold in the near term here. I think bitcoin can become digital gold but replacing gold is hardly possible.
copper member
Activity: 295
Merit: 1
October 24, 2018, 03:36:46 AM
Yes,I agree with you. Bitcoin is not a digital gold, it is a digital currency. Bitcoin is not a digital gold but we compare its a digital gold. Bitcoin is a very valuable resource in our lives. Since it is a valuable resource in our lives,hence we compared it to digital gold.
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